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
₽42671
₽32214
₽51494
₽39439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 055
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.

-
-
-
32 143
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 459
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.

-
-
-
1 767
total
-
-
-
52 424
Employee

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

36 162
-
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
-
1 767
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 459
-
6 459
-
income

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

1 010
-
32 143
-
total
7 525
-
40 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 338
120 500
-
-
trade
13 282
18 979
-
-
income
12 651
18 075
-
-
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.

696
994
-
-
chamber of commerce
266
318
-
-
total
26 895
38 366
-
-
Dividends
57 443
82 135
-
-
withholding
14 002
20 174
-
-
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.

770
1 109
-
-
total
14 772
21 283
-
-
Income
120 500
120 500
120 500
120 500
Total tax
49 192
59 649
40 369
52 424
After tax
71 308
60 851
80 131
68 076
Living cost
28 637
28 637
28 637
28 637
Free-cash
42 671
32 214
51 494
39 439

Estimated living cost  is ₽28637 per week

₽18014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₽26091
₽26895
₽24591
₽23646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 460
municipal
-
-
-
12 866
national
-
-
-
19 936
total
-
-
-
48 557
Employee
74 870
-
104 171
-
national
14 330
-
20 659
-
municipal
9 248
-
13 332
-
pensions
2 995
-
4 167
-
total
26 573
-
38 158
-
Employer
74 870
-
104 171
-
pensions
5 990
-
8 334
-
social contributions
805
-
1 120
-
total
6 795
-
9 454
-
Corporate
33 895
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%.

6 779
24 100
-
-
total
6 779
24 100
-
-
Dividends
27 116
96 400
-
-
withholding
5 965
21 208
-
-
total
5 965
21 208
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 112
45 308
47 612
48 557
After tax
74 388
75 192
72 888
71 943
Living cost
48 297
48 297
48 297
48 297
Free-cash
26 091
26 895
24 591
23 646

Estimated living cost  is ₽48297 per week

₽32827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽723
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68974
₽76730
₽47953
₽15572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
36 225
income
-
-
-
18 306
microenterprise
-
-
-
-
surtax
-
-
-
30 727
total
-
-
-
85 258
Employee
27 627
-
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.

3 039
-
10 683
-
income
4 918
-
18 801
-
total
7 957
-
29 484
-
Employer
27 627
-
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.

6 655
-
23 393
-
surtax
-
-
-
-
total
6 655
-
23 393
-
Corporate
86 218
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%.

17 244
24 100
-
-
total
17 244
24 100
-
-
Dividends

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

68 974
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
31 856
24 100
52 877
85 258
After tax
88 644
96 400
67 623
35 242
Living cost
19 670
19 670
19 670
19 670
Free-cash
68 974
76 730
47 953
15 572

Estimated living cost  is ₽19670 per week

₽12549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₽13573
₽19366
₽27370
₽29793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 364
pensions
-
-
-
11 077
health
-
-
-
11 659
total
-
-
-
51 100
Employee
80 739
80 739
102 929
-
health
12 393
10 541
11 659
-
pensions
14 533
11 077
11 077
-
income

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

13 216
13 216
13 216
-
total
40 142
34 834
35 952
-
Employer
80 739
80 739
102 929
-
pensions
5 619
5 619
6 985
-
unemployment
2 907
2 907
3 612
-
health
5 612
5 612
6 974
-
total
14 138
14 138
17 571
-
Corporate
26 613
25 623
-
-
income
5 323
5 124
-
-
total
5 323
5 124
-
-
Dividends
21 290
20 498
-
-
withholding
3 194
3 075
-
-
income
4 523
4 356
-
-
total
7 717
7 431
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 320
61 527
53 523
51 100
After tax
53 180
58 973
66 977
69 400
Living cost
39 607
39 607
39 607
39 607
Free-cash
13 573
19 366
27 370
29 793

Estimated living cost  is ₽39607 per week

₽28068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₽25840
₽26716
₽24059
₽25112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 952
unemployment
-
-
-
86
pensions
-
-
-
9 258
municipal
-
-
-
28 535
accident
-
-
-
171
national
-
-
-
2 965
health
-
-
-
5 344
total
-
-
-
56 311
Employee
55 681
-
93 591
-
national
-
-
2 546
-
municipal
16 604
-
27 909
-
total
16 604
-
30 455
-
Employer
55 681
-
93 591
-
other
6 470
-
9 952
-
accident
111
-
171
-
pensions
6 019
-
9 258
-
unemployment
1 470
-
2 261
-
health
3 424
-
5 267
-
total
17 494
-
26 909
-
Corporate
47 325
120 500
-
-
income
10 411
26 510
-
-
total
10 411
26 510
-
-
Dividends
36 913
93 990
-
-
withholding
11 074
28 197
-
-
total
11 074
28 197
-
-
Income
120 500
120 500
120 500
120 500
Total tax
55 583
54 707
57 364
56 311
After tax
64 917
65 793
63 136
64 189
Living cost
39 077
39 077
39 077
39 077
Free-cash
25 840
26 716
24 059
25 112

Estimated living cost  is ₽39077 per week

₽25898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3835
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36372
₽23089
₽42989
₽30397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 592
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.

-
-
-
32 143
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 459
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.

-
-
-
1 767
total
-
-
-
52 961
Employee

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

47 947
-
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.

226
-
1 767
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 459
-
6 459
-
income

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

4 119
-
32 143
-
total
10 804
-
40 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 553
120 500
-
-
trade
11 935
19 822
-
-
income
10 884
18 075
-
-
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.

599
994
-
-
chamber of commerce
248
316
-
-
total
23 666
39 207
-
-
Dividends
48 888
81 293
-
-
withholding
11 863
19 964
-
-
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.

653
1 098
-
-
total
12 516
21 062
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 986
60 269
40 369
52 961
After tax
73 514
60 231
80 131
67 539
Living cost
37 142
37 142
37 142
37 142
Free-cash
36 372
23 089
42 989
30 397

Estimated living cost  is ₽37142 per week

₽24841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₽53469
₽57390
₽52449
₽53725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
income
-
-
-
17 739
health
-
-
-
3 073
total
-
-
-
36 109
Employee
72 702
72 702
110 320
-
health
723
1 236
1 875
-
social contributions
3 533
6 034
8 138
-
income
7 634
6 730
17 192
-
total
11 890
14 000
27 205
-
Employer
72 702
72 702
110 320
-
social contributions
3 533
6 034
8 138
-
health
788
1 346
2 042
-
total
4 321
7 380
10 180
-
Corporate
73 623
40 419
-
-
income
9 202
5 052
-
-
total
9 202
5 052
-
-
Dividends
64 421
35 366
-
-
withholding
10 952
6 012
-
-
total
10 952
6 012
-
-
Income
120 500
120 500
120 500
120 500
Total tax
36 365
32 444
37 385
36 109
After tax
84 135
88 056
83 115
84 391
Living cost
30 666
30 666
30 666
30 666
Free-cash
53 469
57 390
52 449
53 725

Estimated living cost  is ₽30666 per week

₽20963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽50601
₽50236
₽52294
₽65917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 807
income
-
-
-
14 731
pensions
-
-
-
12 050
health
-
-
-
8 435
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.

25 348
10 088
100 837
-
unemployment
380
151
1 513
-
health
1 774
706
7 059
-
pensions
2 535
1 009
10 084
-
income
3 099
1 233
12 327
-
total
7 788
3 099
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.

25 348
10 088
100 837
-
pensions
4 943
1 967
19 663
-
total
4 943
1 967
19 663
-
Corporate
90 210
108 445
-
-
income
8 119
9 760
-
-
total
8 119
9 760
-
-
Dividends
82 091
98 685
-
-
withholding
15 597
18 750
-
-
social contributions
15 892
19 128
-
-
total
31 489
37 878
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 339
52 704
50 646
37 023
After tax
68 161
67 796
69 854
83 477
Living cost
17 560
17 560
17 560
17 560
Free-cash
50 601
50 236
52 294
65 917

Estimated living cost  is ₽17560 per week

₽11983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽351
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67689
₽73563
₽46617
₽41750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 148
pensions
-
-
-
24 100
health
-
-
-
15 665
total
-
-
-
55 913
Employee
26 821
-
90 060
-
unemployment
429
-
1 441
-
pensions
536
-
1 801
-
income
3 020
-
17 364
-
total
3 985
-
20 606
-
Employer
26 821
-
90 060
-
pensions
5 365
-
18 012
-
unemployment
215
-
721
-
health
3 486
-
11 707
-
total
9 066
-
30 440
-
Corporate
84 612
120 500
-
-
income
16 923
24 100
-
-
total
16 923
24 100
-
-
Dividends
67 690
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
29 974
24 100
51 046
55 913
After tax
90 526
96 400
69 454
64 587
Living cost
22 836
22 836
22 836
22 836
Free-cash
67 689
73 563
46 617
41 750

Estimated living cost  is ₽22836 per week

₽15663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₽6508
-₽11439
₽42523
₽61353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
31 237
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
37 948
Employee
33 348
-
105 536
-
health
3 818
-
12 084
-
pensions
3 755
-
7 352
-
income
4 575
-
22 377
-
total
12 148
-
41 813
-
Employer
33 348
-
105 536
-
accident
557
-
1 763
-
pensions
5 423
-
10 616
-
unemployment
817
-
2 586
-
total
6 797
-
14 965
-
Corporate
80 356
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.

72 321
108 450
-
-
total
72 321
108 450
-
-
Dividends
8 036
12 050
-
-
withholding
1 527
2 290
-
-
total
1 527
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
92 793
110 740
56 778
37 948
After tax
27 707
9 760
63 722
82 552
Living cost
21 199
21 199
21 199
21 199
Free-cash
6 508
-11 439
42 523
61 353

Estimated living cost  is ₽21199 per week

₽15537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1175
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.
₽4045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105347
₽106788
₽88713
₽111608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 608
-
120 500
-
income
1 921
-
24 100
-
total
1 921
-
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%.

110 892
120 500
-
-
total
-
-
-
-
Dividends
110 892
120 500
-
-
withholding
5 545
6 025
-
-
total
5 545
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
7 466
6 025
24 100
1 205
After tax
113 034
114 475
96 400
119 295
Living cost
7 687
7 687
7 687
7 687
Free-cash
105 347
106 788
88 713
111 608

Estimated living cost  is ₽7687 per week

₽4764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56953
₽63338
₽44209
₽39223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 724
income
-
-
-
16 137
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.

-
-
-
28 921
health
-
-
-
5 302
total
-
-
-
56 084
Employee
34 329
-
96 248
-
unemployment
343
-
962
-
health
481
-
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.

2 402
-
6 737
-
income
5 910
-
17 800
-
total
9 136
-
26 846
-
Employer
34 329
-
96 248
-
other
1 717
-
4 812
-
accident
275
-
770
-
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.

5 837
-
16 361
-
unemployment
343
-
962
-
health
481
-
1 347
-
total
8 653
-
24 252
-
Corporate
77 519
120 500
-
-
income
16 279
25 305
-
-
total
16 279
25 305
-
-
Dividends
61 241
95 195
-
-
withholding
4 286
6 664
-
-
total
4 286
6 664
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 354
31 969
51 098
56 084
After tax
82 146
88 531
69 402
64 416
Living cost
25 193
25 193
25 193
25 193
Free-cash
56 953
63 338
44 209
39 223

Estimated living cost  is ₽25193 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽15668
₽21562
₽10057
₽21197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 921
pensions
-
-
-
7 478
total
-
-
-
37 399
Employee
87 585
-
105 658
-
health
1 443
-
1 696
-
pensions
8 450
-
9 508
-
income
15 788
-
22 493
-
total
25 681
-
33 697
-
Employer
87 585
-
105 658
-
pensions
10 341
-
12 834
-
health
1 663
-
2 008
-
total
12 004
-
14 842
-
Corporate
20 910
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.

3 973
22 894
-
-
total
3 973
22 894
-
-
Dividends
16 937
97 606
-
-
withholding
1 270
14 140
-
-
total
1 270
14 140
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 928
37 034
48 539
37 399
After tax
77 572
83 466
71 961
83 101
Living cost
61 904
61 904
61 904
61 904
Free-cash
15 668
21 562
10 057
21 197

Estimated living cost  is ₽61904 per week

₽46386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7273
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.
₽7742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86238
₽90630
₽85440
₽81210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
18 075
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
26 893
Employee
16 415
-
114 020
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
health
755
-
1 519
-
pensions

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

1 441
-
2 900
-
income
1 641
-
11 402
-
total
4 018
-
16 184
-
Employer
16 415
-
114 020
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
pensions

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

1 809
-
3 639
-
unemployment
98
-
198
-
health
1 133
-
2 279
-
total
3 221
-
6 479
-
Corporate
100 864
120 500
-
-
income
10 087
12 050
-
-
total
10 087
12 050
-
-
Dividends
90 778
108 450
-
-
withholding
4 539
5 423
-
-
total
4 539
5 423
-
-
Income
120 500
120 500
120 500
120 500
Total tax
21 865
17 473
22 663
26 893
After tax
98 635
103 027
97 837
93 607
Living cost
12 397
12 397
12 397
12 397
Free-cash
86 238
90 630
85 440
81 210

Estimated living cost  is ₽12397 per week

₽7237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽8923
₽6545
₽14549
₽16972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 364
pensions
-
-
-
11 077
health
-
-
-
11 659
total
-
-
-
51 100
Employee
87 657
80 739
102 929
-
health
10 936
10 541
11 659
-
pensions
11 077
11 077
11 077
-
income

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

13 216
13 216
13 216
-
total
35 229
34 834
35 952
-
Employer
87 657
80 739
102 929
-
pensions
6 100
5 619
6 985
-
unemployment
3 156
2 907
3 612
-
health
6 091
5 612
6 974
-
total
15 347
14 138
17 571
-
Corporate
17 496
25 623
-
-
income
3 499
5 124
-
-
total
3 499
5 124
-
-
Dividends
13 997
20 498
-
-
withholding
2 099
3 075
-
-
income
2 975
4 356
-
-
total
5 074
7 431
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 149
61 527
53 523
51 100
After tax
61 351
58 973
66 977
69 400
Living cost
52 428
52 428
52 428
52 428
Free-cash
8 923
6 545
14 549
16 972

Estimated living cost  is ₽52428 per week

₽38674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽51027
₽59425
₽37611
₽36267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 872
income
-
-
-
10 554
health
-
-
-
16 268
solidarity contribution
-
-
-
-
total
-
-
-
60 694
Employee
34 617
-
89 925
-
solidarity contribution
-
-
-
-
health
4 673
-
12 140
-
social contributions
2 250
-
5 845
-
income
4 154
-
10 791
-
total
11 077
-
28 776
-
Employer
34 617
-
89 925
-
social contributions
8 654
-
22 481
-
health
3 116
-
8 093
-
total
11 770
-
30 574
-
Corporate
74 113
120 500
-
-
income
14 082
22 895
-
-
total
14 082
22 895
-
-
Dividends
60 032
97 605
-
-
withholding
9 005
14 641
-
-
total
9 005
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 934
37 536
59 350
60 694
After tax
74 566
82 964
61 150
59 806
Living cost
23 539
23 539
23 539
23 539
Free-cash
51 027
59 425
37 611
36 267

Estimated living cost  is ₽23539 per week

₽16351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19458
₽24396
₽14378
₽20112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 374
social contributions
-
-
-
30 993
municipal
-
-
-
716
national
-
-
-
27 410
total
-
-
-
60 493
Employee
84 027
-
120 500
-
national
14 560
-
23 746
-
regional
793
-
1 209
-
municipal
445
-
639
-
social contributions
28 334
-
40 633
-
total
44 132
-
66 227
-
Employer
84 027
-
120 500
-
total
-
-
-
-
Corporate
36 473
120 500
-
-
nationa
8 754
28 921
-
-
municipal
1 423
4 699
-
-
total
10 177
33 620
-
-
Dividends
26 296
86 880
-
-
withholding
6 838
22 589
-
-
total
6 838
22 589
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 147
56 209
66 227
60 493
After tax
59 353
64 291
54 273
60 007
Living cost
39 895
39 895
39 895
39 895
Free-cash
19 458
24 396
14 378
20 112

Estimated living cost  is ₽39895 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₽51991
₽54931
₽35050
₽37040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
26 156
pensions
-
-
-
24 100
health
-
-
-
8 557
surtax
-
-
-
3 569
total
-
-
-
62 597
Employee
31 266
-
99 544
-
surtax
102
-
3 255
-
unemployment
2 176
-
6 927
-
other
-
-
-
-
health
798
-
2 539
-
pensions
2 085
-
6 640
-
income
5 241
-
24 270
-
total
10 402
-
43 631
-
Employer
31 266
-
99 544
-
other
-
-
-
-
pensions
4 168
-
13 270
-
unemployment
990
-
3 156
-
health
1 423
-
4 530
-
total
6 581
-
20 956
-
Corporate
82 653
120 500
-
-
income
21 489
31 330
-
-
total
21 489
31 330
-
-
Dividends
61 164
89 170
-
-
withholding
9 174
13 376
-
-
total
9 174
13 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 646
44 706
64 587
62 597
After tax
72 854
75 794
55 913
57 903
Living cost
20 863
20 863
20 863
20 863
Free-cash
51 991
54 931
35 050
37 040

Estimated living cost  is ₽20863 per week

₽12757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽40711
₽41175
₽29670
₽40810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 921
pensions
-
-
-
7 478
total
-
-
-
37 399
Employee
58 697
-
105 658
-
health
852
-
1 696
-
pensions
4 982
-
9 508
-
income
10 572
-
22 493
-
total
16 406
-
33 697
-
Employer
58 697
-
105 658
-
pensions
6 354
-
12 834
-
health
1 115
-
2 008
-
total
7 469
-
14 842
-
Corporate
54 334
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.

10 323
22 894
-
-
total
10 323
22 894
-
-
Dividends
44 011
97 606
-
-
withholding
3 300
14 140
-
-
total
3 300
14 140
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 498
37 034
48 539
37 399
After tax
83 002
83 466
71 961
83 101
Living cost
42 291
42 291
42 291
42 291
Free-cash
40 711
41 175
29 670
40 810

Estimated living cost  is ₽42291 per week

₽31684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3170
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.
₽6994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₽12441
-₽19464
₽19010
₽24984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 409
city
-
-
-
1 270
regional
-
-
-
4 765
pensions
-
-
-
11 087
national
-
-
-
1 146
health
-
-
-
272
total
-
-
-
20 949
Employee
87 262
-
107 856
-
national
413
-
894
-
unemployment
-
-
-
-
city
937
-
1 159
-
regional
2 857
-
4 110
-
health
197
-
243
-
pensions
7 331
-
9 059
-
total
11 735
-
15 465
-
Employer
87 262
-
107 856
-
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.

1 745
-
2 156
-
pensions
7 331
-
9 059
-
unemployment
-
-
-
-
health
197
-
243
-
total
9 273
-
11 458
-
Corporate
23 005
120 500
-
-
regional
4 866
25 485
-
-
national
1 955
10 242
-
-
total
6 821
35 727
-
-
Dividends
16 183
84 773
-
-
withholding
5 663
29 670
-
-
total
5 663
29 670
-
-
Income
120 500
120 500
120 500
120 500
Total tax
33 492
65 397
26 923
20 949
After tax
87 008
55 103
93 577
99 551
Living cost
74 567
74 567
74 567
74 567
Free-cash
12 441
-19 464
19 010
24 984

Estimated living cost  is ₽74567 per week

₽48490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽915
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽31632
₽16298
₽36819
₽23693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
13 126
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.

-
-
-
32 143
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 459
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.

-
-
-
1 767
total
-
-
-
53 495
Employee

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

56 821
-
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.

368
-
1 767
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 459
-
6 459
-
income

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

6 682
-
32 143
-
total
13 509
-
40 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 679
120 500
-
-
trade
10 921
20 666
-
-
income
9 552
18 075
-
-
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.

526
994
-
-
chamber of commerce
233
314
-
-
total
21 232
40 049
-
-
Dividends
42 447
80 452
-
-
withholding
10 252
19 754
-
-
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.

563
1 087
-
-
total
10 815
20 841
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 556
60 890
40 369
53 495
After tax
74 944
59 610
80 131
67 005
Living cost
43 312
43 312
43 312
43 312
Free-cash
31 632
16 298
36 819
23 693

Estimated living cost  is ₽43312 per week

₽31634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₽33968
₽28382
₽39019
₽36301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 736
social contributions
-
-
-
3 434
income
-
-
-
15 148
pensions
-
-
-
25 875
health
-
-
-
3 658
surtax
-
-
-
-
total
-
-
-
51 851
Employee
40 465
-
95 910
-
surtax
-
-
-
-
pensions
4 575
-
5 555
-
social contributions
1 154
-
2 733
-
income
2 388
-
16 259
-
total
8 117
-
24 547
-
Employer
40 465
-
95 910
-
other
1 396
-
3 309
-
pensions
6 648
-
9 551
-
unemployment
1 638
-
3 884
-
social contributions
122
-
287
-
health
2 833
-
7 555
-
total
12 637
-
24 586
-
Corporate
67 399
120 500
-
-
income
18 871
33 740
-
-
surtax
-
-
-
-
total
18 871
33 740
-
-
Dividends
48 528
86 760
-
-
withholding
6 212
11 106
-
-
social contributions
8 347
14 924
-
-
surtax
-
-
-
-
total
14 559
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 184
59 770
49 133
51 851
After tax
66 316
60 730
71 367
68 649
Living cost
32 348
32 348
32 348
32 348
Free-cash
33 968
28 382
39 019
36 301

Estimated living cost  is ₽32348 per week

₽20396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₽36841
₽31587
₽42224
₽39506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 736
social contributions
-
-
-
3 434
income
-
-
-
15 148
pensions
-
-
-
25 875
health
-
-
-
3 658
surtax
-
-
-
-
total
-
-
-
51 851
Employee
36 120
-
95 910
-
surtax
-
-
-
-
pensions
4 085
-
5 555
-
social contributions
1 030
-
2 733
-
income
1 862
-
16 259
-
total
6 977
-
24 547
-
Employer
36 120
-
95 910
-
other
1 247
-
3 309
-
pensions
5 935
-
9 551
-
unemployment
1 462
-
3 884
-
social contributions
108
-
287
-
health
2 528
-
7 555
-
total
11 280
-
24 586
-
Corporate
73 100
120 500
-
-
income
20 468
33 740
-
-
surtax
-
-
-
-
total
20 468
33 740
-
-
Dividends
52 631
86 760
-
-
withholding
6 737
11 106
-
-
social contributions
9 054
14 924
-
-
surtax
-
-
-
-
total
15 791
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 516
59 770
49 133
51 851
After tax
65 984
60 730
71 367
68 649
Living cost
29 143
29 143
29 143
29 143
Free-cash
36 841
31 587
42 224
39 506

Estimated living cost  is ₽29143 per week

₽16901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽53960
₽53468
₽56205
₽57337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 629
income
-
-
-
18 075
health
-
-
-
8 411
total
-
-
-
43 115
Employee
32 057
-
120 500
-
health
2 237
-
8 411
-
social contributions
4 424
-
16 629
-
income
5 347
-
19 207
-
total
12 008
-
44 247
-
Employer
32 057
-
120 500
-
total
-
-
-
-
Corporate
88 443
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%.

4 423
6 025
-
-
total
4 423
6 025
-
-
Dividends
84 020
114 475
-
-
health
5 865
7 990
-
-
withholding
12 602
17 171
-
-
social contributions
11 594
15 798
-
-
total
30 061
40 959
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 492
46 984
44 247
43 115
After tax
74 008
73 516
76 253
77 385
Living cost
20 048
20 048
20 048
20 048
Free-cash
53 960
53 468
56 205
57 337

Estimated living cost  is ₽20048 per week

₽13417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1236
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽32335
₽33795
-₽100
₽27093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
483
unemployment
-
-
-
5 799
income
-
-
-
24 740
pensions
-
-
-
20 434
health
-
-
-
8 449
surtax
-
-
-
187
total
-
-
-
60 092
Employee
47 250
37 678
93 426
-
unemployment
1 417
1 130
2 803
-
other
472
377
935
-
health
1 828
1 459
3 615
-
pensions
4 839
3 858
9 567
-
income
5 379
2 779
20 829
-
total
13 935
9 603
37 749
-
Employer
47 250
37 678
93 426
-
payroll
1 417
1 130
2 803
-
other
2 245
1 789
4 439
-
accident
614
490
1 215
-
pensions
5 930
4 730
11 725
-
unemployment
1 417
1 130
2 803
-
chamber of commerce
188
151
373
-
surtax
187
187
187
-
health
1 785
1 425
3 531
-
total
13 783
11 032
27 076
-
Corporate
59 467
71 791
89 837
-
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.

14 867
17 947
22 460
-
total
14 867
17 947
22 460
-
Dividends
44 600
53 844
-
-
withholding
12 265
14 808
-
-
total
12 265
14 808
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 850
53 390
87 285
60 092
After tax
65 650
67 110
33 215
60 408
Living cost
33 315
33 315
33 315
33 315
Free-cash
32 335
33 795
-100
27 093

Estimated living cost  is ₽33315 per week

₽22219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₽18834
₽33013
₽10525
₽19423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 137
national
-
-
-
41 385
communal

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

-
-
-
6 082
total
-
-
-
66 604
Employee

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

67 630
-
93 330
-
national
20 792
-
31 269
-
unemployment

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

588
-
813
-
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.

3 178
-
4 387
-
pensions

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

5 072
-
6 999
-
communal

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

3 527
-
4 868
-
total
33 157
-
48 336
-
Employer

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

67 630
-
93 330
-
accident

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

879
-
1 213
-
pensions

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

5 993
-
8 269
-
unemployment

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

987
-
1 362
-
surtax
7 668
-
10 582
-
health

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

4 159
-
5 740
-
total
19 686
-
27 166
-
Corporate
33 184
120 500
-
-
income
6 637
24 100
-
-
surtax
133
483
-
-
total
6 770
24 583
-
-
Dividends
26 415
95 918
-
-
withholding

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

7 580
28 431
-
-
total
7 580
28 431
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 193
53 014
75 502
66 604
After tax
53 307
67 486
44 998
53 896
Living cost
34 473
34 473
34 473
34 473
Free-cash
18 834
33 013
10 525
19 423

Estimated living cost  is ₽34473 per week

₽22205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽39454
₽46732
₽28376
₽32920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
27 145
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
53 435
Employee
47 063
-
92 562
-
unemployment
730
-
1 358
-
other
47
-
88
-
pensions
2 212
-
4 119
-
income
9 930
-
24 476
-
total
12 919
-
30 041
-
Employer
47 063
-
92 562
-
other
375
-
702
-
accident
931
-
1 735
-
pensions
11 106
-
20 682
-
unemployment
2 589
-
4 819
-
total
15 001
-
27 938
-
Corporate
58 436
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.

8 765
18 075
-
-
total
8 765
18 075
-
-
Dividends
49 671
102 425
-
-
withholding
10 216
21 548
-
-
total
10 216
21 548
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 901
39 623
57 979
53 435
After tax
73 599
80 877
62 521
67 065
Living cost
34 145
34 145
34 145
34 145
Free-cash
39 454
46 732
28 376
32 920

Estimated living cost  is ₽34145 per week

₽25144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽11937
₽21255
₽18154
₽13350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 635
pensions
-
-
-
18 062
accident
-
-
-
1 016
communal
-
-
-
7 616
health
-
-
-
8 467
surtax
-
-
-
5 973
total
-
-
-
55 769
Employee
71 599
-
107 637
-
surtax
4 389
-
6 597
-
health
3 187
-
4 791
-
pensions
5 727
-
8 610
-
income
6 916
-
18 105
-
total
20 219
-
38 103
-
Employer
71 599
-
107 637
-
accident
644
-
969
-
pensions
5 727
-
8 610
-
health
2 184
-
3 283
-
total
8 555
-
12 862
-
Corporate
40 346
120 500
-
-
income
6 052
18 075
-
-
communal
2 724
8 133
-
-
surtax
423
1 265
-
-
total
9 199
27 473
-
-
Dividends
31 147
93 027
-
-
withholding
4 672
13 953
-
-
income
14 537
6 438
-
-
total
19 209
20 391
-
-
Income
120 500
120 500
120 500
120 500
Total tax
57 182
47 864
50 965
55 769
After tax
63 318
72 636
69 535
64 731
Living cost
51 381
51 381
51 381
51 381
Free-cash
11 937
21 255
18 154
13 350

Estimated living cost  is ₽51381 per week

₽38543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₽51552
₽54558
₽34677
₽36667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
26 156
pensions
-
-
-
24 100
health
-
-
-
8 557
surtax
-
-
-
3 569
total
-
-
-
62 597
Employee
31 840
-
99 544
-
surtax
113
-
3 255
-
unemployment
2 216
-
6 927
-
other
-
-
-
-
health
813
-
2 539
-
pensions
2 124
-
6 640
-
income
5 338
-
24 270
-
total
10 604
-
43 631
-
Employer
31 840
-
99 544
-
other
-
-
-
-
pensions
4 245
-
13 270
-
unemployment
1 010
-
3 156
-
health
1 448
-
4 530
-
total
6 703
-
20 956
-
Corporate
81 957
120 500
-
-
income
21 308
31 330
-
-
total
21 308
31 330
-
-
Dividends
60 649
89 170
-
-
withholding
9 097
13 376
-
-
total
9 097
13 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 712
44 706
64 587
62 597
After tax
72 788
75 794
55 913
57 903
Living cost
21 236
21 236
21 236
21 236
Free-cash
51 552
54 558
34 677
36 667

Estimated living cost  is ₽21236 per week

₽12821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₽35770
₽37868
₽28392
₽34096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 816
social contributions
-
-
-
30 993
municipal
-
-
-
716
national
-
-
-
27 410
total
-
-
-
60 935
Employee
52 446
-
120 500
-
national
8 309
-
23 746
-
regional
706
-
1 621
-
municipal
278
-
639
-
social contributions
17 685
-
40 633
-
total
26 978
-
66 639
-
Employer
52 446
-
120 500
-
total
-
-
-
-
Corporate
68 054
120 500
-
-
nationa
16 333
28 921
-
-
municipal
3 382
5 989
-
-
total
19 715
34 910
-
-
Dividends
48 339
85 590
-
-
withholding
12 568
22 253
-
-
total
12 568
22 253
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 261
57 163
66 639
60 935
After tax
61 239
63 337
53 861
59 565
Living cost
25 469
25 469
25 469
25 469
Free-cash
35 770
37 868
28 392
34 096

Estimated living cost  is ₽25469 per week

₽15839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2580
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽43608
₽53957
₽32143
₽30799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 872
income
-
-
-
10 554
health
-
-
-
16 268
solidarity contribution
-
-
-
-
total
-
-
-
60 694
Employee
42 657
-
89 925
-
solidarity contribution
-
-
-
-
health
5 759
-
12 140
-
social contributions
2 773
-
5 845
-
income
5 119
-
10 791
-
total
13 651
-
28 776
-
Employer
42 657
-
89 925
-
social contributions
10 664
-
22 481
-
health
3 839
-
8 093
-
total
14 503
-
30 574
-
Corporate
63 340
120 500
-
-
income
12 035
22 895
-
-
total
12 035
22 895
-
-
Dividends
51 305
97 605
-
-
withholding
7 696
14 641
-
-
total
7 696
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 885
37 536
59 350
60 694
After tax
72 615
82 964
61 150
59 806
Living cost
29 007
29 007
29 007
29 007
Free-cash
43 608
53 957
32 143
30 799

Estimated living cost  is ₽29007 per week

₽21571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽502
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36580
₽37049
₽3086
₽30431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
483
unemployment
-
-
-
5 799
income
-
-
-
24 740
pensions
-
-
-
20 434
health
-
-
-
8 449
surtax
-
-
-
-
total
-
-
-
59 905
Employee
41 329
37 678
93 569
-
unemployment
1 240
1 130
2 808
-
other
413
377
937
-
health
1 599
1 459
3 621
-
pensions
4 233
3 858
9 581
-
income
3 682
2 779
20 877
-
total
11 167
9 603
37 824
-
Employer
41 329
37 678
93 569
-
payroll
1 240
1 130
2 808
-
other
1 963
1 789
4 444
-
accident
536
490
1 216
-
pensions
5 187
4 730
11 743
-
unemployment
1 240
1 130
2 808
-
chamber of commerce
165
151
375
-
surtax
-
-
-
-
health
1 563
1 425
3 536
-
total
11 894
10 845
26 930
-
Corporate
67 277
71 978
89 981
-
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.

16 819
17 994
22 496
-
total
16 819
17 994
22 496
-
Dividends
50 458
53 984
-
-
withholding
13 876
14 845
-
-
total
13 876
14 845
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 756
53 287
87 250
59 905
After tax
66 744
67 213
33 250
60 595
Living cost
30 164
30 164
30 164
30 164
Free-cash
36 580
37 049
3 086
30 431

Estimated living cost  is ₽30164 per week

₽18095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3081
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₽100250
₽102496
₽84421
₽107316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 974
-
120 500
-
income
2 995
-
24 100
-
total
2 995
-
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%.

105 526
120 500
-
-
total
-
-
-
-
Dividends
105 526
120 500
-
-
withholding
5 276
6 025
-
-
total
5 276
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
8 271
6 025
24 100
1 205
After tax
112 229
114 475
96 400
119 295
Living cost
11 979
11 979
11 979
11 979
Free-cash
100 250
102 496
84 421
107 316

Estimated living cost  is ₽11979 per week

₽8106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49695
₽57603
₽32394
₽35830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
181
income
-
-
-
25 265
pensions
-
-
-
22 006
health
-
-
-
11 858
total
-
-
-
59 310
Employee

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

41 809
-
104 266
-
unemployment
59
-
145
-
health
2 700
-
6 735
-
pensions
6 481
-
16 160
-
income
7 210
-
23 471
-
total
16 450
-
46 511
-
Employer

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

41 809
-
104 266
-
pensions
3 700
-
9 228
-
unemployment
25
-
63
-
health
2 785
-
6 944
-
total
6 510
-
16 235
-
Corporate
72 182
120 500
-
-
income
13 715
22 896
-
-
total
13 715
22 896
-
-
Dividends
58 467
97 604
-
-
withholding
8 770
14 641
-
-
total
8 770
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 445
37 537
62 746
59 310
After tax
75 055
82 963
57 754
61 190
Living cost
25 360
25 360
25 360
25 360
Free-cash
49 695
57 603
32 394
35 830

Estimated living cost  is ₽25360 per week

₽17404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-₽18758
₽33013
₽67914
₽42976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 737
income
-
-
-
23 488
total
-
-
-
37 225
Employee
57 784
-
-
-
social contributions
4 738
-
675
-
income
12 746
-
-
-
total
17 484
-
675
-
Employer
57 784
-
-
-
social contributions
81 475
-
11 612
-
total
81 475
-
11 612
-
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
98 959
47 188
12 287
37 225
After tax
21 541
73 312
108 213
83 275
Living cost
40 299
40 299
40 299
40 299
Free-cash
-18 758
33 013
67 914
42 976

Estimated living cost  is ₽40299 per week

₽26148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3790
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.
₽9848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37933
₽38884
₽28698
₽36423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
41 873
income
-
-
-
12 548
surtax
-
-
-
-
total
-
-
-
54 421
Employee
43 484
-
97 373
-
surtax
-
-
-
-
social contributions
4 783
-
10 711
-
income
9 045
-
28 310
-
total
13 828
-
39 021
-
Employer
43 484
-
97 373
-
social contributions
10 327
-
23 125
-
total
10 327
-
23 125
-
Corporate
66 688
120 500
-
-
income
14 004
25 305
-
-
surtax
-
-
-
-
total
14 004
25 305
-
-
Dividends
52 685
95 195
-
-
withholding
14 752
26 655
-
-
total
14 752
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 911
51 960
62 146
54 421
After tax
67 589
68 540
58 354
66 079
Living cost
29 656
29 656
29 656
29 656
Free-cash
37 933
38 884
28 698
36 423

Estimated living cost  is ₽29656 per week

₽22189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₽21561
₽15065
₽25702
₽22984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 736
social contributions
-
-
-
3 434
income
-
-
-
15 148
pensions
-
-
-
25 875
health
-
-
-
3 658
surtax
-
-
-
-
total
-
-
-
51 851
Employee
59 216
-
95 910
-
surtax
-
-
-
-
pensions
6 698
-
5 555
-
social contributions
1 687
-
2 733
-
income
5 167
-
16 259
-
total
13 552
-
24 547
-
Employer
59 216
-
95 910
-
other
2 044
-
3 309
-
pensions
9 730
-
9 551
-
unemployment
2 399
-
3 884
-
social contributions
178
-
287
-
health
4 145
-
7 555
-
total
18 496
-
24 586
-
Corporate
42 789
120 500
-
-
income
11 982
33 740
-
-
surtax
-
-
-
-
total
11 982
33 740
-
-
Dividends
30 807
86 760
-
-
withholding
3 944
11 106
-
-
social contributions
5 300
14 924
-
-
surtax
-
-
-
-
total
9 244
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 274
59 770
49 133
51 851
After tax
67 226
60 730
71 367
68 649
Living cost
45 665
45 665
45 665
45 665
Free-cash
21 561
15 065
25 702
22 984

Estimated living cost  is ₽45665 per week

₽30905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽76854
₽80030
₽65115
₽61913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 658
social contributions
-
-
-
26 509
total
-
-
-
30 167
Employee
30 396
-
104 329
-
social contributions
1 975
-
6 780
-
income
-
-
4 014
-
total
1 975
-
10 794
-
Employer
30 396
-
104 329
-
social contributions
4 712
-
16 171
-
total
4 712
-
16 171
-
Corporate
85 393
120 500
-
-
income
8 539
12 050
-
-
total
8 539
12 050
-
-
Dividends
76 854
108 450
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
15 226
12 050
26 965
30 167
After tax
105 274
108 450
93 535
90 333
Living cost
28 420
28 420
28 420
28 420
Free-cash
76 854
80 030
65 115
61 913

Estimated living cost  is ₽28420 per week

₽18376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₽85191
-₽85191
-₽85191
₽27723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
818
municipal
-
-
-
23 741
labour market
-
-
-
9 575
national
-
-
-
13 177
total
-
-
-
47 311
Employee
191 903
191 903
191 903
-
national
23 444
23 444
23 444
-
municipal
40 865
40 865
40 865
-
labour market
15 330
15 330
15 330
-
pensions
273
273
273
-
total
79 912
79 912
79 912
-
Employer
191 903
191 903
191 903
-
municipal
40 930
40 930
40 930
-
pensions
546
546
546
-
national
23 485
23 485
23 485
-
labour market
15 352
15 352
15 352
-
total
80 313
80 313
80 313
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
160 225
160 225
160 225
47 311
After tax
-39 725
-39 725
-39 725
73 189
Living cost
45 466
45 466
45 466
45 466
Free-cash
-85 191
-85 191
-85 191
27 723

Estimated living cost  is ₽45466 per week

₽31118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽699
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽6557
-₽11126
₽42836
₽61666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
31 237
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
37 948
Employee
32 856
-
105 536
-
health
3 762
-
12 084
-
pensions
3 700
-
7 352
-
income
4 507
-
22 377
-
total
11 969
-
41 813
-
Employer
32 856
-
105 536
-
accident
549
-
1 763
-
pensions
5 342
-
10 616
-
unemployment
805
-
2 586
-
total
6 696
-
14 965
-
Corporate
80 948
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.

72 853
108 450
-
-
total
72 853
108 450
-
-
Dividends
8 095
12 050
-
-
withholding
1 538
2 290
-
-
total
1 538
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 056
110 740
56 778
37 948
After tax
27 444
9 760
63 722
82 552
Living cost
20 886
20 886
20 886
20 886
Free-cash
6 557
-11 126
42 836
61 666

Estimated living cost  is ₽20886 per week

₽15203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42157
₽41840
₽29841
₽46364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
21 426
national
-
-
-
14 951
health
-
-
-
1 460
total
-
-
-
37 837
Employee
49 743
-
101 372
-
national
822
-
9 172
-
unemployment
746
-
1 520
-
health
371
-
1 166
-
municipal
8 147
-
16 532
-
pensions
3 357
-
6 843
-
total
13 443
-
35 233
-
Employer
49 743
-
101 372
-
accident
50
-
100
-
pensions
8 630
-
17 589
-
unemployment
323
-
658
-
health
382
-
780
-
total
9 385
-
19 127
-
Corporate
61 372
120 500
-
-
income
12 274
24 100
-
-
total
12 274
24 100
-
-
Dividends

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

36 823
72 300
-
-
municipal
6 628
13 013
-
-
national
314
5 248
-
-
total
6 942
18 261
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 044
42 361
54 360
37 837
After tax
78 456
78 139
66 140
82 663
Living cost
36 299
36 299
36 299
36 299
Free-cash
42 157
41 840
29 841
46 364

Estimated living cost  is ₽36299 per week

₽23710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61020
₽66166
₽61225
₽62501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 297
income
-
-
-
17 739
health
-
-
-
3 073
total
-
-
-
36 109
Employee
72 702
72 702
110 320
-
health
563
1 236
1 875
-
social contributions
2 749
6 034
8 138
-
income
7 916
6 730
17 192
-
total
11 228
14 000
27 205
-
Employer
72 702
72 702
110 320
-
social contributions
2 749
6 034
8 138
-
health
612
1 346
2 042
-
total
3 361
7 380
10 180
-
Corporate
84 021
40 419
-
-
income
10 503
5 052
-
-
total
10 503
5 052
-
-
Dividends
73 518
35 366
-
-
withholding
12 498
6 012
-
-
total
12 498
6 012
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 590
32 444
37 385
36 109
After tax
82 910
88 056
83 115
84 391
Living cost
21 890
21 890
21 890
21 890
Free-cash
61 020
66 166
61 225
62 501

Estimated living cost  is ₽21890 per week

₽13119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽79964
₽84775
₽65181
₽84146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
27
income
-
-
-
11 880
pensions
-
-
-
6 014
health
-
-
-
3 422
total
-
-
-
21 343
Employee

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

21 702
-
111 260
-
unemployment
108
-
449
-
health
1 844
-
7 625
-
pensions
3 255
-
13 457
-
income
1 484
-
9 536
-
total
6 691
-
31 067
-
Employer

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

21 702
-
111 260
-
pensions
1 193
-
4 934
-
unemployment
108
-
449
-
health
933
-
3 858
-
total
2 234
-
9 241
-
Corporate
96 565
120 500
-
-
income
8 691
10 844
-
-
total
8 691
10 844
-
-
Dividends
87 873
109 656
-
-
withholding
7 909
9 870
-
-
total
7 909
9 870
-
-
Income
120 500
120 500
120 500
120 500
Total tax
25 525
20 714
40 308
21 343
After tax
94 975
99 786
80 192
99 157
Living cost
15 011
15 011
15 011
15 011
Free-cash
79 964
84 775
65 181
84 146

Estimated living cost  is ₽15011 per week

₽9577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1082
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽50172
₽54878
₽36522
₽41066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
27 145
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
53 435
Employee
34 959
-
92 562
-
unemployment
542
-
1 358
-
other
34
-
88
-
pensions
1 643
-
4 119
-
income
6 740
-
24 476
-
total
8 959
-
30 041
-
Employer
34 959
-
92 562
-
other
280
-
702
-
accident
693
-
1 735
-
pensions
8 250
-
20 682
-
unemployment
1 923
-
4 819
-
total
11 146
-
27 938
-
Corporate
74 395
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.

11 160
18 075
-
-
total
11 160
18 075
-
-
Dividends
63 235
102 425
-
-
withholding
13 064
21 548
-
-
total
13 064
21 548
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 329
39 623
57 979
53 435
After tax
76 171
80 877
62 521
67 065
Living cost
25 999
25 999
25 999
25 999
Free-cash
50 172
54 878
36 522
41 066

Estimated living cost  is ₽25999 per week

₽17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽73101
₽73395
₽75343
₽75473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40 969
pensions
-
-
-
1 311
health
-
-
-
950
total
-
-
-
43 230
Employee
2 737
-
119 026
-
unemployment
27
-
66
-
health
137
-
328
-
pensions
246
-
590
-
income
529
-
40 901
-
total
939
-
41 885
-
Employer
2 737
-
119 026
-
pensions
301
-
721
-
unemployment
55
-
131
-
health
260
-
623
-
total
616
-
1 475
-
Corporate
117 148
120 500
-
-
income
25 772
26 510
-
-
total
25 772
26 510
-
-
Dividends
91 375
93 990
-
-
withholding
18 275
18 798
-
-
total
18 275
18 798
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 602
45 308
43 360
43 230
After tax
74 898
75 192
77 140
77 270
Living cost
1 797
1 797
1 797
1 797
Free-cash
73 101
73 395
75 343
75 473

Estimated living cost  is ₽1797 per week

₽1068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽146
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66092
₽70738
₽51629
₽51628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 046
income
-
-
-
26 182
pensions
-
-
-
18 136
health
-
-
-
7 185
total
-
-
-
52 549
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.

24 614
-
108 014
-
unemployment
185
-
523
-
health
1 268
-
3 592
-
pensions
3 446
-
9 766
-
income
3 393
-
26 182
-
total
8 292
-
40 063
-
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.

24 614
-
108 014
-
pensions
2 954
-
8 370
-
unemployment
185
-
523
-
health
1 268
-
3 592
-
total
4 407
-
12 485
-
Corporate
91 480
120 500
-
-
income
13 722
18 075
-
-
total
13 722
18 075
-
-
Dividends
77 758
102 425
-
-
withholding
11 664
15 364
-
-
total
11 664
15 364
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 085
33 439
52 548
52 549
After tax
82 415
87 061
67 952
67 951
Living cost
16 323
16 323
16 323
16 323
Free-cash
66 092
70 738
51 629
51 628

Estimated living cost  is ₽16323 per week

₽10990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42712
₽43051
₽32865
₽40590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
41 873
income
-
-
-
12 548
surtax
-
-
-
-
total
-
-
-
54 421
Employee
36 696
-
97 373
-
surtax
-
-
-
-
social contributions
4 037
-
10 711
-
income
7 170
-
28 310
-
total
11 207
-
39 021
-
Employer
36 696
-
97 373
-
social contributions
8 714
-
23 125
-
total
8 714
-
23 125
-
Corporate
75 090
120 500
-
-
income
15 769
25 305
-
-
surtax
-
-
-
-
total
15 769
25 305
-
-
Dividends
59 321
95 195
-
-
withholding
16 609
26 655
-
-
total
16 609
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 299
51 960
62 146
54 421
After tax
68 201
68 540
58 354
66 079
Living cost
25 489
25 489
25 489
25 489
Free-cash
42 712
43 051
32 865
40 590

Estimated living cost  is ₽25489 per week

₽18053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽40691
₽47649
₽29293
₽33837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
27 145
pensions
-
-
-
24 799
accident
-
-
-
789
total
-
-
-
53 435
Employee
45 662
-
92 562
-
unemployment
707
-
1 358
-
other
45
-
88
-
pensions
2 146
-
4 119
-
income
9 537
-
24 476
-
total
12 435
-
30 041
-
Employer
45 662
-
92 562
-
other
366
-
702
-
accident
904
-
1 735
-
pensions
10 776
-
20 682
-
unemployment
2 512
-
4 819
-
total
14 558
-
27 938
-
Corporate
60 280
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.

9 043
18 075
-
-
total
9 043
18 075
-
-
Dividends
51 237
102 425
-
-
withholding
10 545
21 548
-
-
total
10 545
21 548
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 581
39 623
57 979
53 435
After tax
73 919
80 877
62 521
67 065
Living cost
33 228
33 228
33 228
33 228
Free-cash
40 691
47 649
29 293
33 837

Estimated living cost  is ₽33228 per week

₽23863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽81000
₽86762
₽81572
₽77342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
18 075
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
26 893
Employee
21 537
-
114 020
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
health
991
-
1 519
-
pensions

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

1 891
-
2 900
-
income
2 154
-
11 402
-
total
5 273
-
16 184
-
Employer
21 537
-
114 020
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
pensions

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

2 373
-
3 639
-
unemployment
129
-
198
-
health
1 486
-
2 279
-
total
4 225
-
6 479
-
Corporate
94 738
120 500
-
-
income
9 474
12 050
-
-
total
9 474
12 050
-
-
Dividends
85 264
108 450
-
-
withholding
4 263
5 423
-
-
total
4 263
5 423
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 235
17 473
22 663
26 893
After tax
97 265
103 027
97 837
93 607
Living cost
16 265
16 265
16 265
16 265
Free-cash
81 000
86 762
81 572
77 342

Estimated living cost  is ₽16265 per week

₽10757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37957
₽25589
₽43629
₽32645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 984
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.

-
-
-
32 143
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 459
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.

-
-
-
1 767
total
-
-
-
51 353
Employee

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

47 043
-
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.

214
-
1 767
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 459
-
6 459
-
income

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

3 868
-
32 143
-
total
10 541
-
40 369
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 457
120 500
-
-
trade
10 541
17 293
-
-
income
11 018
18 075
-
-
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.

606
994
-
-
chamber of commerce
251
319
-
-
total
22 416
36 681
-
-
Dividends
51 040
83 819
-
-
withholding
12 402
20 596
-
-
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.

682
1 132
-
-
total
13 084
21 728
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 041
58 409
40 369
51 353
After tax
74 459
62 091
80 131
69 147
Living cost
36 502
36 502
36 502
36 502
Free-cash
37 957
25 589
43 629
32 645

Estimated living cost  is ₽36502 per week

₽25180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3928
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.
₽6865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32578
₽30493
₽22808
₽22808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 262
income
-
-
-
32 572
total
-
-
-
43 834
Employee
73 957
-
120 500
-
social contributions
6 144
-
11 262
-
income
13 955
-
32 572
-
total
20 099
-
43 834
-
Employer
73 957
-
120 500
-
total
-
-
-
-
Corporate
46 543
120 500
-
-
income
5 819
15 062
-
-
total
5 819
15 062
-
-
Dividends
40 725
105 438
-
-
withholding
8 146
21 087
-
-
total
8 146
21 087
-
-
Income
120 500
120 500
120 500
120 500
Total tax
34 064
36 149
43 834
43 834
After tax
86 436
84 351
76 666
76 666
Living cost
53 858
53 858
53 858
53 858
Free-cash
32 578
30 493
22 808
22 808

Estimated living cost  is ₽53858 per week

₽40974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7981
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42312
₽39010
₽54167
₽53519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
5 747
income
-
-
-
26 913
total
-
-
-
32 660
Employee
43 372
-
116 151
-
social contributions
4 346
-
4 349
-
income
4 706
-
23 314
-
total
9 052
-
27 663
-
Employer
43 372
-
116 151
-
social contributions
4 346
-
4 349
-
total
4 346
-
4 349
-
Corporate
72 782
120 500
-
-
income
25 474
42 174
-
-
total
25 474
42 174
-
-
Dividends
47 308
78 326
-
-
social contributions
4 995
4 995
-
-
total
4 995
4 995
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 867
47 169
32 012
32 660
After tax
76 633
73 331
88 488
87 840
Living cost
34 321
34 321
34 321
34 321
Free-cash
42 312
39 010
54 167
53 519

Estimated living cost  is ₽34321 per week

₽22607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽50679
₽49085
₽37580
₽48720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 921
pensions
-
-
-
7 478
total
-
-
-
37 399
Employee
47 193
-
105 658
-
health
616
-
1 696
-
pensions
3 602
-
9 508
-
income
8 594
-
22 493
-
total
12 812
-
33 697
-
Employer
47 193
-
105 658
-
pensions
4 768
-
12 834
-
health
897
-
2 008
-
total
5 665
-
14 842
-
Corporate
67 642
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.

12 853
22 894
-
-
total
12 853
22 894
-
-
Dividends
54 789
97 606
-
-
withholding
4 110
14 140
-
-
total
4 110
14 140
-
-
Income
120 500
120 500
120 500
120 500
Total tax
35 440
37 034
48 539
37 399
After tax
85 060
83 466
71 961
83 101
Living cost
34 381
34 381
34 381
34 381
Free-cash
50 679
49 085
37 580
48 720

Estimated living cost  is ₽34381 per week

₽23585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽6239
-₽13194
₽40768
₽59598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
357
income
-
-
-
31 237
pensions
-
-
-
4 009
accident
-
-
-
243
health
-
-
-
2 102
total
-
-
-
37 948
Employee
36 108
-
105 536
-
health
4 134
-
12 084
-
pensions
4 066
-
7 352
-
income
4 954
-
22 377
-
total
13 154
-
41 813
-
Employer
36 108
-
105 536
-
accident
603
-
1 763
-
pensions
5 871
-
10 616
-
unemployment
885
-
2 586
-
total
7 359
-
14 965
-
Corporate
77 033
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.

69 330
108 450
-
-
total
69 330
108 450
-
-
Dividends
7 703
12 050
-
-
withholding
1 464
2 290
-
-
total
1 464
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
91 307
110 740
56 778
37 948
After tax
29 193
9 760
63 722
82 552
Living cost
22 954
22 954
22 954
22 954
Free-cash
6 239
-13 194
40 768
59 598

Estimated living cost  is ₽22954 per week

₽16846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽4308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84208
₽88631
₽67771
₽55422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 446
income
-
-
-
19 171
pensions
-
-
-
22 172
health insurance
-
-
-
8 917
work injury
-
-
-
602
total
-
-
-
52 308
Employee

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

20 432
-
120 500
-
health insurance
1 512
-
5 594
-
unemployment
245
-
907
-
work injury
102
-
378
-
pensions
3 759
-
13 909
-
income
2 043
-
19 171
-
total
7 661
-
39 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
100 068
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%.

1 001
1 205
-
-
total
1 001
1 205
-
-
Dividends
99 068
119 295
-
-
withholding
14 860
17 894
-
-
total
14 860
17 894
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 522
19 099
39 959
52 308
After tax
96 978
101 401
80 541
68 192
Living cost
12 770
12 770
12 770
12 770
Free-cash
84 208
88 631
67 771
55 422

Estimated living cost  is ₽12770 per week

₽7911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽21505
₽25806
₽15470
₽20981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 645
social contributions
-
-
-
30 993
municipal
-
-
-
806
national
-
-
-
27 410
total
-
-
-
61 854
Employee
79 671
-
120 500
-
national
13 464
-
23 746
-
regional
1 203
-
2 267
-
municipal
475
-
719
-
social contributions
26 865
-
40 633
-
total
42 007
-
67 365
-
Employer
79 671
-
120 500
-
total
-
-
-
-
Corporate
40 829
120 500
-
-
nationa
9 798
28 921
-
-
municipal
1 968
5 808
-
-
total
11 766
34 729
-
-
Dividends
29 063
85 771
-
-
withholding
7 557
22 300
-
-
total
7 557
22 300
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 330
57 029
67 365
61 854
After tax
59 170
63 471
53 135
58 646
Living cost
37 665
37 665
37 665
37 665
Free-cash
21 505
25 806
15 470
20 981

Estimated living cost  is ₽37665 per week

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

Source of data for Rome model

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