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
₽39552
₽32588
₽42908
₽51699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 374
trade
-
-
-
12 147
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.

-
-
-
1 781
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.

-
-
-
32 387
total
-
-
-
52 689
Employee

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

35 684
-
120 500
-
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.

6 374
-
6 374
-
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.

55
-
1 781
-
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.

997
-
32 387
-
total
7 426
-
40 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 816
120 500
-
-
trade
13 358
18 980
-
-
chamber of commerce
264
315
-
-
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.

699
993
-
-
income
12 723
18 075
-
-
total
27 044
38 363
-
-
Dividends
57 772
82 137
-
-
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.

775
1 110
-
-
withholding
14 088
20 180
-
-
total
14 863
21 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
49 333
59 653
40 542
52 689
After tax
71 167
60 847
79 958
67 811
Living cost
28 259
28 259
28 259
28 259
Free-cash
42 908
32 588
51 699
39 552

Estimated living cost  is ₽28259 per week

₽17776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22925
₽26126
₽25310
₽23870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 847
social contributions
-
-
-
1 295
national
-
-
-
19 907
pensions
-
-
-
14 460
total
-
-
-
48 509
Employee
76 061
-
104 171
-
pensions
3 042
-
4 167
-
national
14 558
-
20 630
-
municipal
9 395
-
13 313
-
total
26 995
-
38 110
-
Employer
76 061
-
104 171
-
pensions
6 085
-
8 334
-
social contributions
818
-
1 120
-
total
6 903
-
9 454
-
Corporate
32 516
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%.

6 503
24 100
-
-
total
6 503
24 100
-
-
Dividends
26 013
96 400
-
-
withholding
5 723
21 208
-
-
total
5 723
21 208
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 124
45 308
47 564
48 509
After tax
74 376
75 192
72 936
71 991
Living cost
49 066
49 066
49 066
49 066
Free-cash
25 310
26 126
23 870
22 925

Estimated living cost  is ₽49066 per week

₽33350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽734
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16187
₽76990
₽69336
₽48201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
35 746
income
-
-
-
18 430
microenterprise
-
-
-
-
surtax
-
-
-
30 727
total
-
-
-
84 903
Employee
27 262
-
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.

2 999
-
10 681
-
income
4 853
-
18 815
-
total
7 852
-
29 496
-
Employer
27 262
-
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.

6 567
-
23 393
-
total
6 567
-
23 393
-
Corporate
86 671
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%.

17 335
24 100
-
-
total
17 335
24 100
-
-
Dividends

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

69 337
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
31 754
24 100
52 889
84 903
After tax
88 746
96 400
67 611
35 597
Living cost
19 410
19 410
19 410
19 410
Free-cash
69 336
76 990
48 201
16 187

Estimated living cost  is ₽19410 per week

₽12383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30385
₽19921
₽14206
₽28602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 505
pensions
-
-
-
10 931
income
-
-
-
28 596
total
-
-
-
51 032
Employee
79 672
79 672
103 162
-
health
12 229
10 402
11 505
-
pensions
14 341
10 931
10 931
-
income

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

13 041
13 041
13 041
-
total
39 611
34 374
35 477
-
Employer
79 672
79 672
103 162
-
health
5 538
5 538
6 882
-
pensions
5 545
5 545
6 892
-
unemployment
2 868
2 868
3 564
-
total
13 951
13 951
17 338
-
Corporate
27 854
26 877
-
-
income
5 572
5 375
-
-
total
5 572
5 375
-
-
Dividends
22 282
21 502
-
-
income
4 734
4 570
-
-
withholding
3 343
3 226
-
-
total
8 077
7 796
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 211
61 496
52 815
51 032
After tax
53 289
59 004
67 685
69 468
Living cost
39 083
39 083
39 083
39 083
Free-cash
14 206
19 921
28 602
30 385

Estimated living cost  is ₽39083 per week

₽27697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25161
₽26770
₽25894
₽24110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 337
accident
-
-
-
171
other
-
-
-
9 938
municipal
-
-
-
28 545
pensions
-
-
-
9 245
national
-
-
-
2 994
unemployment
-
-
-
86
total
-
-
-
56 316
Employee
55 604
-
93 628
-
national
-
-
2 575
-
municipal
16 581
-
27 920
-
total
16 581
-
30 495
-
Employer
55 604
-
93 628
-
health
3 420
-
5 260
-
accident
111
-
171
-
pensions
6 011
-
9 245
-
other
6 461
-
9 938
-
unemployment
1 468
-
2 258
-
total
17 471
-
26 872
-
Corporate
47 425
120 500
-
-
income
10 434
26 510
-
-
total
10 434
26 510
-
-
Dividends
36 991
93 990
-
-
withholding
11 097
28 197
-
-
total
11 097
28 197
-
-
Income
120 500
120 500
120 500
120 500
Total tax
55 583
54 707
57 367
56 316
After tax
64 917
65 793
63 133
64 184
Living cost
39 023
39 023
39 023
39 023
Free-cash
25 894
26 770
24 110
25 161

Estimated living cost  is ₽39023 per week

₽25863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3829
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.
₽8738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30620
₽23579
₽36684
₽43307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 374
trade
-
-
-
12 687
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.

-
-
-
1 781
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.

-
-
-
32 387
total
-
-
-
53 229
Employee

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

47 313
-
120 500
-
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.

6 374
-
6 374
-
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.

223
-
1 781
-
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.

4 065
-
32 387
-
total
10 662
-
40 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 187
120 500
-
-
trade
12 039
19 822
-
-
chamber of commerce
246
313
-
-
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.

604
993
-
-
income
10 979
18 075
-
-
total
23 868
39 203
-
-
Dividends
49 319
81 296
-
-
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.

659
1 098
-
-
withholding
11 976
19 969
-
-
total
12 635
21 067
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 165
60 270
40 542
53 229
After tax
73 335
60 230
79 958
67 271
Living cost
36 651
36 651
36 651
36 651
Free-cash
36 684
23 579
43 307
30 620

Estimated living cost  is ₽36651 per week

₽24512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3865
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.
₽7726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54100
₽57788
₽53918
₽52832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 074
social contributions
-
-
-
15 095
income
-
-
-
17 970
total
-
-
-
36 139
Employee
71 741
71 741
110 426
-
health
714
1 220
1 877
-
social contributions
3 486
5 954
8 031
-
income
7 533
6 641
17 425
-
total
11 733
13 815
27 333
-
Employer
71 741
71 741
110 426
-
health
777
1 328
2 043
-
social contributions
3 486
5 954
8 031
-
total
4 263
7 282
10 074
-
Corporate
74 243
41 477
-
-
income
9 281
5 184
-
-
total
9 281
5 184
-
-
Dividends
64 962
36 293
-
-
withholding
11 044
6 170
-
-
total
11 044
6 170
-
-
Income
120 500
120 500
120 500
120 500
Total tax
36 321
32 451
37 407
36 139
After tax
84 179
88 049
83 093
84 361
Living cost
30 261
30 261
30 261
30 261
Free-cash
53 918
57 788
52 832
54 100

Estimated living cost  is ₽30261 per week

₽20686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66404
₽50713
₽51068
₽52782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 435
pensions
-
-
-
12 050
unemployment
-
-
-
1 808
income
-
-
-
14 731
total
-
-
-
37 024
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.

24 643
9 808
100 837
-
health
1 725
687
7 059
-
pensions
2 464
981
10 084
-
unemployment
370
147
1 513
-
income
3 013
1 199
12 327
-
total
7 572
3 014
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.

24 643
9 808
100 837
-
pensions
4 805
1 912
19 663
-
total
4 805
1 912
19 663
-
Corporate
91 051
108 780
-
-
income
8 195
9 790
-
-
total
8 195
9 790
-
-
Dividends
82 857
98 990
-
-
social contributions
16 045
19 191
-
-
withholding
15 743
18 808
-
-
total
31 788
37 999
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 360
52 715
50 646
37 024
After tax
68 140
67 785
69 854
83 476
Living cost
17 072
17 072
17 072
17 072
Free-cash
51 068
50 713
52 782
66 404

Estimated living cost  is ₽17072 per week

₽11650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42053
₽73865
₽68069
₽46918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
15 665
pensions
-
-
-
24 100
income
-
-
-
16 147
total
-
-
-
55 912
Employee
26 467
-
90 058
-
pensions
529
-
1 801
-
unemployment
423
-
1 441
-
income
2 980
-
17 363
-
total
3 932
-
20 605
-
Employer
26 467
-
90 058
-
health
3 440
-
11 708
-
pensions
5 294
-
18 013
-
unemployment
212
-
721
-
total
8 946
-
30 442
-
Corporate
85 087
120 500
-
-
income
17 018
24 100
-
-
total
17 018
24 100
-
-
Dividends
68 069
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
29 896
24 100
51 047
55 912
After tax
90 604
96 400
69 453
64 588
Living cost
22 535
22 535
22 535
22 535
Free-cash
68 069
73 865
46 918
42 053

Estimated living cost  is ₽22535 per week

₽15456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61836
-₽10940
₽6584
₽43163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 052
accident
-
-
-
238
other
-
-
-
349
pensions
-
-
-
3 915
income
-
-
-
31 409
total
-
-
-
37 963
Employee
32 564
-
105 775
-
health
3 729
-
12 111
-
pensions
3 667
-
7 179
-
income
4 468
-
22 621
-
total
11 864
-
41 911
-
Employer
32 564
-
105 775
-
accident
544
-
1 766
-
pensions
5 295
-
10 367
-
unemployment
798
-
2 592
-
total
6 637
-
14 725
-
Corporate
81 299
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.

73 169
108 450
-
-
total
73 169
108 450
-
-
Dividends
8 130
12 050
-
-
withholding
1 545
2 289
-
-
total
1 545
2 289
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 215
110 739
56 636
37 963
After tax
27 285
9 761
63 864
82 537
Living cost
20 701
20 701
20 701
20 701
Free-cash
6 584
-10 940
43 163
61 836

Estimated living cost  is ₽20701 per week

₽15172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽432
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3950
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111551
₽106731
₽105279
₽88656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 679
-
120 500
-
income
1 936
-
24 100
-
total
1 936
-
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%.

110 821
120 500
-
-
total
-
-
-
-
Dividends
110 821
120 500
-
-
withholding
5 541
6 025
-
-
total
5 541
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
7 477
6 025
24 100
1 205
After tax
113 023
114 475
96 400
119 295
Living cost
7 744
7 744
7 744
7 744
Free-cash
105 279
106 731
88 656
111 551

Estimated living cost  is ₽7744 per week

₽4799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39501
₽63670
₽57373
₽44488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 303
other
-
-
-
5 724
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
income
-
-
-
16 191
total
-
-
-
56 139
Employee
33 875
-
96 244
-
health
474
-
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.

2 371
-
6 737
-
unemployment
338
-
963
-
income
5 832
-
17 852
-
total
9 015
-
26 899
-
Employer
33 875
-
96 244
-
health
474
-
1 347
-
accident
271
-
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.

5 759
-
16 361
-
other
1 694
-
4 812
-
unemployment
338
-
963
-
total
8 536
-
24 253
-
Corporate
78 088
120 500
-
-
income
16 398
25 306
-
-
total
16 398
25 306
-
-
Dividends
61 689
95 194
-
-
withholding
4 318
6 664
-
-
total
4 318
6 664
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 267
31 970
51 152
56 139
After tax
82 233
88 530
69 348
64 361
Living cost
24 860
24 860
24 860
24 860
Free-cash
57 373
63 670
44 488
39 501

Estimated living cost  is ₽24860 per week

₽17565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽20962
₽21350
₽15312
₽9816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 501
income
-
-
-
29 838
total
-
-
-
37 339
Employee
88 002
-
105 665
-
health
1 450
-
1 700
-
pensions
8 490
-
9 543
-
income
15 863
-
22 407
-
total
25 803
-
33 650
-
Employer
88 002
-
105 665
-
health
1 671
-
2 007
-
pensions
10 391
-
12 828
-
total
12 062
-
14 835
-
Corporate
20 436
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.

3 883
22 895
-
-
total
3 883
22 895
-
-
Dividends
16 553
97 605
-
-
withholding
1 241
14 056
-
-
total
1 241
14 056
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 989
36 951
48 485
37 339
After tax
77 511
83 549
72 015
83 161
Living cost
62 199
62 199
62 199
62 199
Free-cash
15 312
21 350
9 816
20 962

Estimated living cost  is ₽62199 per week

₽46607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽81485
₽90792
₽86457
₽85737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 749
pensions

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

-
-
-
4 825
unemployment
-
-
-
130
income
-
-
-
18 075
total
-
-
-
26 779
Employee
16 202
-
114 104
-
health
745
-
1 500
-
accident

We are using the highest rate at 1.1%.

178
-
359
-
pensions

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

1 423
-
2 862
-
income
1 620
-
11 410
-
total
3 966
-
16 131
-
Employer
16 202
-
114 104
-
health
1 118
-
2 249
-
accident

We are using the highest rate at 1.1%.

178
-
359
-
pensions

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

1 786
-
3 592
-
unemployment
97
-
196
-
total
3 179
-
6 396
-
Corporate
101 118
120 500
-
-
income
10 112
12 050
-
-
total
10 112
12 050
-
-
Dividends
91 007
108 450
-
-
withholding
4 550
5 422
-
-
total
4 550
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
21 807
17 472
22 527
26 779
After tax
98 693
103 028
97 973
93 721
Living cost
12 236
12 236
12 236
12 236
Free-cash
86 457
90 792
85 737
81 485

Estimated living cost  is ₽12236 per week

₽7144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17734
₽7270
₽9618
₽15951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 505
pensions
-
-
-
10 931
income
-
-
-
28 596
total
-
-
-
51 032
Employee
86 498
79 672
103 162
-
health
10 791
10 402
11 505
-
pensions
10 931
10 931
10 931
-
income

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

13 041
13 041
13 041
-
total
34 763
34 374
35 477
-
Employer
86 498
79 672
103 162
-
health
6 011
5 538
6 882
-
pensions
6 020
5 545
6 892
-
unemployment
3 114
2 868
3 564
-
total
15 145
13 951
17 338
-
Corporate
18 857
26 877
-
-
income
3 771
5 375
-
-
total
3 771
5 375
-
-
Dividends
15 086
21 502
-
-
income
3 206
4 570
-
-
withholding
2 263
3 226
-
-
total
5 469
7 796
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 148
61 496
52 815
51 032
After tax
61 352
59 004
67 685
69 468
Living cost
51 734
51 734
51 734
51 734
Free-cash
9 618
7 270
15 951
17 734

Estimated living cost  is ₽51734 per week

₽38163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4621
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.
₽8358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37341
₽59908
₽51682
₽38094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
16 268
social contributions
-
-
-
33 177
solidarity contribution
-
-
-
-
income
-
-
-
10 658
total
-
-
-
60 103
Employee
33 906
-
89 925
-
health
4 577
-
12 140
-
solidarity contribution
-
-
-
-
social contributions
2 204
-
5 845
-
income
4 069
-
10 791
-
total
10 850
-
28 776
-
Employer
33 906
-
89 925
-
health
3 052
-
8 093
-
social contributions
8 477
-
22 481
-
total
11 529
-
30 574
-
Corporate
75 066
120 500
-
-
income
14 263
22 895
-
-
total
14 263
22 895
-
-
Dividends
60 803
97 605
-
-
withholding
9 120
14 641
-
-
total
9 120
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 762
37 536
59 350
60 103
After tax
74 738
82 964
61 150
60 397
Living cost
23 056
23 056
23 056
23 056
Free-cash
51 682
59 908
38 094
37 341

Estimated living cost  is ₽23056 per week

₽16015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20551
₽24922
₽20053
₽14815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 377
municipal
-
-
-
715
social contributions
-
-
-
30 992
national
-
-
-
27 497
total
-
-
-
60 581
Employee
82 916
-
120 500
-
regional
782
-
1 211
-
national
14 367
-
23 834
-
social contributions
27 959
-
40 633
-
municipal
439
-
639
-
total
43 547
-
66 317
-
Employer
82 916
-
120 500
-
total
-
-
-
-
Corporate
37 584
120 500
-
-
nationa
9 021
28 921
-
-
municipal
1 466
4 699
-
-
total
10 487
33 620
-
-
Dividends
27 097
86 880
-
-
withholding
7 045
22 590
-
-
total
7 045
22 590
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 079
56 210
66 317
60 581
After tax
59 421
64 290
54 183
59 919
Living cost
39 368
39 368
39 368
39 368
Free-cash
20 053
24 922
14 815
20 551

Estimated living cost  is ₽39368 per week

₽27442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2581
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37106
₽55207
₽52304
₽35111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 555
other
-
-
-
-
pensions
-
-
-
24 100
unemployment
-
-
-
212
income
-
-
-
26 332
surtax
-
-
-
3 608
total
-
-
-
62 807
Employee
30 853
-
99 545
-
health
788
-
2 539
-
pensions
2 057
-
6 639
-
unemployment
2 148
-
6 928
-
surtax
101
-
3 295
-
income
5 172
-
24 445
-
other
-
-
-
-
total
10 266
-
43 846
-
Employer
30 853
-
99 545
-
health
1 404
-
4 531
-
pensions
4 113
-
13 270
-
other
-
-
-
-
unemployment
977
-
3 155
-
total
6 494
-
20 956
-
Corporate
83 153
120 500
-
-
income
21 619
31 330
-
-
total
21 619
31 330
-
-
Dividends
61 534
89 170
-
-
withholding
9 230
13 376
-
-
total
9 230
13 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 609
44 706
64 802
62 807
After tax
72 891
75 794
55 698
57 693
Living cost
20 587
20 587
20 587
20 587
Free-cash
52 304
55 207
35 111
37 106

Estimated living cost  is ₽20587 per week

₽12588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1900
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40668
₽41056
₽40474
₽29522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 501
income
-
-
-
29 838
total
-
-
-
37 339
Employee
58 977
-
105 665
-
health
856
-
1 700
-
pensions
5 006
-
9 543
-
income
10 622
-
22 407
-
total
16 484
-
33 650
-
Employer
58 977
-
105 665
-
health
1 120
-
2 007
-
pensions
6 384
-
12 828
-
total
7 504
-
14 835
-
Corporate
54 019
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.

10 264
22 895
-
-
total
10 264
22 895
-
-
Dividends
43 755
97 605
-
-
withholding
3 281
14 056
-
-
total
3 281
14 056
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 533
36 951
48 485
37 339
After tax
82 967
83 549
72 015
83 161
Living cost
42 493
42 493
42 493
42 493
Free-cash
40 474
41 056
29 522
40 668

Estimated living cost  is ₽42493 per week

₽31835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽23398
-₽21158
₽11471
₽17417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
270
city
-
-
-
1 269
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
regional
-
-
-
4 705
pensions
-
-
-
11 086
national
-
-
-
1 104
total
-
-
-
20 843
Employee
89 243
-
107 855
-
health
202
-
243
-
regional
2 922
-
4 048
-
pensions
7 498
-
9 059
-
unemployment
-
-
-
-
national
422
-
856
-
city
958
-
1 160
-
total
12 002
-
15 366
-
Employer
89 243
-
107 855
-
health
202
-
243
-
pensions
7 498
-
9 059
-
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.

1 784
-
2 156
-
unemployment
-
-
-
-
total
9 484
-
11 458
-
Corporate
20 792
120 500
-
-
national
1 767
10 242
-
-
regional
4 397
25 486
-
-
total
6 164
35 728
-
-
Dividends
14 628
84 773
-
-
withholding
5 120
29 671
-
-
total
5 120
29 671
-
-
Income
120 500
120 500
120 500
120 500
Total tax
32 770
65 399
26 824
20 843
After tax
87 730
55 101
93 676
99 657
Living cost
76 259
76 259
76 259
76 259
Free-cash
11 471
-21 158
17 417
23 398

Estimated living cost  is ₽76259 per week

₽49590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽936
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽23991
₽16869
₽31996
₽37218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 374
trade
-
-
-
13 227
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.

-
-
-
1 781
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.

-
-
-
32 387
total
-
-
-
53 769
Employee

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

56 070
-
120 500
-
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.

6 374
-
6 374
-
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.

363
-
1 781
-
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.

6 593
-
32 387
-
total
13 330
-
40 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 430
120 500
-
-
trade
11 050
20 665
-
-
chamber of commerce
232
312
-
-
surtax

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

531
993
-
-
income
9 665
18 075
-
-
total
21 478
40 045
-
-
Dividends
42 953
80 455
-
-
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.

572
1 087
-
-
withholding
10 384
19 759
-
-
total
10 956
20 846
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 764
60 891
40 542
53 769
After tax
74 736
59 609
79 958
66 731
Living cost
42 740
42 740
42 740
42 740
Free-cash
31 996
16 869
37 218
23 991

Estimated living cost  is ₽42740 per week

₽31215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36696
₽28814
₽34324
₽39208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 727
other
-
-
-
3 736
pensions
-
-
-
25 665
social contributions
-
-
-
3 433
income
-
-
-
15 323
surtax
-
-
-
-
total
-
-
-
51 884
Employee
39 930
-
95 804
-
pensions
4 515
-
5 598
-
surtax
-
-
-
-
social contributions
1 138
-
2 730
-
income
2 357
-
16 348
-
total
8 010
-
24 676
-
Employer
39 930
-
95 804
-
health
2 796
-
7 607
-
pensions
6 560
-
9 616
-
other
1 377
-
3 305
-
social contributions
120
-
287
-
unemployment
1 616
-
3 881
-
total
12 469
-
24 696
-
Corporate
68 101
120 500
-
-
surtax
-
-
-
-
income
19 068
33 740
-
-
total
19 068
33 740
-
-
Dividends
49 033
86 760
-
-
social contributions
8 433
14 922
-
-
surtax
-
-
-
-
withholding
6 276
11 104
-
-
total
14 709
26 026
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 256
59 766
49 372
51 884
After tax
66 244
60 734
71 128
68 616
Living cost
31 920
31 920
31 920
31 920
Free-cash
34 324
28 814
39 208
36 696

Estimated living cost  is ₽31920 per week

₽20127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
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.
₽8656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39859
₽31977
₽37158
₽42371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 727
other
-
-
-
3 736
pensions
-
-
-
25 665
social contributions
-
-
-
3 433
income
-
-
-
15 323
surtax
-
-
-
-
total
-
-
-
51 884
Employee
35 643
-
95 804
-
pensions
4 031
-
5 598
-
surtax
-
-
-
-
social contributions
1 016
-
2 730
-
income
1 838
-
16 348
-
total
6 885
-
24 676
-
Employer
35 643
-
95 804
-
health
2 495
-
7 607
-
pensions
5 857
-
9 616
-
other
1 230
-
3 305
-
social contributions
106
-
287
-
unemployment
1 443
-
3 881
-
total
11 131
-
24 696
-
Corporate
73 726
120 500
-
-
surtax
-
-
-
-
income
20 644
33 740
-
-
total
20 644
33 740
-
-
Dividends
53 082
86 760
-
-
social contributions
9 130
14 922
-
-
surtax
-
-
-
-
withholding
6 795
11 104
-
-
total
15 925
26 026
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 585
59 766
49 372
51 884
After tax
65 915
60 734
71 128
68 616
Living cost
28 757
28 757
28 757
28 757
Free-cash
37 158
31 977
42 371
39 859

Estimated living cost  is ₽28757 per week

₽16678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57602
₽53732
₽54217
₽56405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 412
social contributions
-
-
-
16 628
income
-
-
-
18 075
total
-
-
-
43 115
Employee
31 633
-
120 500
-
health
2 208
-
8 412
-
social contributions
4 366
-
16 628
-
income
5 276
-
19 272
-
total
11 850
-
44 312
-
Employer
31 633
-
120 500
-
total
-
-
-
-
Corporate
88 867
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%.

4 444
6 025
-
-
total
4 444
6 025
-
-
Dividends
84 423
114 475
-
-
social contributions
11 650
15 798
-
-
health
5 892
7 990
-
-
withholding
12 664
17 172
-
-
total
30 206
40 960
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 500
46 985
44 312
43 115
After tax
74 000
73 515
76 188
77 385
Living cost
19 783
19 783
19 783
19 783
Free-cash
54 217
53 732
56 405
57 602

Estimated living cost  is ₽19783 per week

₽13240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1220
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27655
₽34219
₽32772
₽184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 337
pensions
-
-
-
20 164
unemployment
-
-
-
5 722
income
-
-
-
25 082
chamber of commerce
-
-
-
482
surtax
-
-
-
184
total
-
-
-
59 971
Employee
46 626
37 180
93 426
-
health
1 804
1 439
3 615
-
pensions
4 775
3 807
9 566
-
unemployment
1 399
1 115
2 803
-
income
5 308
2 742
20 978
-
other
466
372
935
-
total
13 752
9 475
37 897
-
Employer
46 626
37 180
93 426
-
payroll
1 399
1 115
2 803
-
health
1 762
1 406
3 532
-
surtax
184
184
184
-
accident
606
483
1 215
-
pensions
5 851
4 667
11 724
-
chamber of commerce
186
149
374
-
other
2 215
1 765
4 439
-
unemployment
1 399
1 115
2 803
-
total
13 602
10 884
27 074
-
Corporate
60 274
72 435
89 887
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

15 069
18 109
22 471
-
total
15 069
18 109
22 471
-
Dividends
45 205
54 326
-
-
withholding
12 431
14 939
-
-
total
12 431
14 939
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 854
53 407
87 442
59 971
After tax
65 646
67 093
33 058
60 529
Living cost
32 874
32 874
32 874
32 874
Free-cash
32 772
34 219
184
27 655

Estimated living cost  is ₽32874 per week

₽21926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2804
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.
₽7604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19768
₽33465
₽19472
₽10856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 111
national
-
-
-
41 521
communal

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

-
-
-
6 083
total
-
-
-
66 715
Employee

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

66 736
-
93 330
-
health

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

3 136
-
4 385
-
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.

5 005
-
7 000
-
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.

581
-
813
-
national
20 517
-
31 392
-
communal

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

3 481
-
4 867
-
total
32 720
-
48 457
-
Employer

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

66 736
-
93 330
-
health

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

4 104
-
5 740
-
surtax
7 567
-
10 584
-
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.

868
-
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.

5 913
-
8 270
-
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.

974
-
1 363
-
total
19 426
-
27 170
-
Corporate
34 338
120 500
-
-
surtax
138
482
-
-
income
6 868
24 100
-
-
total
7 006
24 582
-
-
Dividends
27 333
95 919
-
-
withholding

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

7 859
28 436
-
-
total
7 859
28 436
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 011
53 018
75 627
66 715
After tax
53 489
67 482
44 873
53 785
Living cost
34 017
34 017
34 017
34 017
Free-cash
19 472
33 465
10 856
19 768

Estimated living cost  is ₽34017 per week

₽21911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33487
₽47157
₽40003
₽29005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
779
other
-
-
-
87
pensions
-
-
-
24 472
unemployment
-
-
-
606
income
-
-
-
27 376
total
-
-
-
53 320
Employee
46 441
-
92 932
-
pensions
2 183
-
4 065
-
unemployment
721
-
1 340
-
other
46
-
87
-
income
9 799
-
24 742
-
total
12 749
-
30 234
-
Employer
46 441
-
92 932
-
accident
919
-
1 712
-
pensions
10 959
-
20 408
-
other
370
-
692
-
unemployment
2 555
-
4 756
-
total
14 803
-
27 568
-
Corporate
59 256
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.

8 888
18 075
-
-
total
8 888
18 075
-
-
Dividends
50 368
102 425
-
-
withholding
10 364
21 575
-
-
total
10 364
21 575
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 804
39 650
57 802
53 320
After tax
73 696
80 850
62 698
67 180
Living cost
33 693
33 693
33 693
33 693
Free-cash
40 003
47 157
29 005
33 487

Estimated living cost  is ₽33693 per week

₽24812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2390
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13784
₽21866
₽12544
₽18587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 468
accident
-
-
-
1 016
pensions
-
-
-
18 062
communal
-
-
-
7 615
income
-
-
-
14 880
surtax
-
-
-
5 974
total
-
-
-
56 015
Employee
70 653
-
107 637
-
health
3 144
-
4 789
-
pensions
5 651
-
8 612
-
surtax
4 331
-
6 597
-
income
6 824
-
18 352
-
total
19 950
-
38 350
-
Employer
70 653
-
107 637
-
health
2 155
-
3 282
-
accident
636
-
968
-
pensions
5 651
-
8 612
-
total
8 442
-
12 862
-
Corporate
41 405
120 500
-
-
communal
2 796
8 134
-
-
surtax
436
1 266
-
-
income
6 211
18 075
-
-
total
9 443
27 475
-
-
Dividends
31 963
93 026
-
-
income
14 626
6 505
-
-
withholding
4 794
13 953
-
-
total
19 420
20 458
-
-
Income
120 500
120 500
120 500
120 500
Total tax
57 255
47 933
51 212
56 015
After tax
63 245
72 567
69 288
64 485
Living cost
50 701
50 701
50 701
50 701
Free-cash
12 544
21 866
18 587
13 784

Estimated living cost  is ₽50701 per week

₽38034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36737
₽54838
₽51871
₽34742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 555
other
-
-
-
-
pensions
-
-
-
24 100
unemployment
-
-
-
212
income
-
-
-
26 332
surtax
-
-
-
3 608
total
-
-
-
62 807
Employee
31 419
-
99 545
-
health
802
-
2 539
-
pensions
2 096
-
6 639
-
unemployment
2 187
-
6 928
-
surtax
112
-
3 295
-
income
5 267
-
24 445
-
other
-
-
-
-
total
10 464
-
43 846
-
Employer
31 419
-
99 545
-
health
1 429
-
4 531
-
pensions
4 189
-
13 270
-
other
-
-
-
-
unemployment
997
-
3 155
-
total
6 615
-
20 956
-
Corporate
82 466
120 500
-
-
income
21 441
31 330
-
-
total
21 441
31 330
-
-
Dividends
61 026
89 170
-
-
withholding
9 153
13 376
-
-
total
9 153
13 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 673
44 706
64 802
62 807
After tax
72 827
75 794
55 698
57 693
Living cost
20 956
20 956
20 956
20 956
Free-cash
51 871
54 838
34 742
36 737

Estimated living cost  is ₽20956 per week

₽12652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1822
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34347
₽38204
₽36134
₽28641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 817
municipal
-
-
-
715
social contributions
-
-
-
30 992
national
-
-
-
27 497
total
-
-
-
61 021
Employee
51 753
-
120 500
-
regional
697
-
1 621
-
national
8 199
-
23 834
-
social contributions
17 452
-
40 633
-
municipal
274
-
639
-
total
26 622
-
66 727
-
Employer
51 753
-
120 500
-
total
-
-
-
-
Corporate
68 747
120 500
-
-
nationa
16 499
28 921
-
-
municipal
3 417
5 990
-
-
total
19 916
34 911
-
-
Dividends
48 831
85 590
-
-
withholding
12 696
22 253
-
-
total
12 696
22 253
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 234
57 164
66 727
61 021
After tax
61 266
63 336
53 773
59 479
Living cost
25 132
25 132
25 132
25 132
Free-cash
36 134
38 204
28 641
34 347

Estimated living cost  is ₽25132 per week

₽15630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2546
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.
₽6526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31986
₽54553
₽44418
₽32739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
16 268
social contributions
-
-
-
33 177
solidarity contribution
-
-
-
-
income
-
-
-
10 658
total
-
-
-
60 103
Employee
41 781
-
89 925
-
health
5 640
-
12 140
-
solidarity contribution
-
-
-
-
social contributions
2 716
-
5 845
-
income
5 014
-
10 791
-
total
13 370
-
28 776
-
Employer
41 781
-
89 925
-
health
3 760
-
8 093
-
social contributions
10 445
-
22 481
-
total
14 205
-
30 574
-
Corporate
64 513
120 500
-
-
income
12 258
22 895
-
-
total
12 258
22 895
-
-
Dividends
52 256
97 605
-
-
withholding
7 838
14 641
-
-
total
7 838
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 671
37 536
59 350
60 103
After tax
72 829
82 964
61 150
60 397
Living cost
28 411
28 411
28 411
28 411
Free-cash
44 418
54 553
32 739
31 986

Estimated living cost  is ₽28411 per week

₽21128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1574
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.
₽5217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30948
₽37427
₽36967
₽3328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 337
pensions
-
-
-
20 164
unemployment
-
-
-
5 722
income
-
-
-
25 082
chamber of commerce
-
-
-
482
surtax
-
-
-
-
total
-
-
-
59 787
Employee
40 783
37 180
93 569
-
health
1 578
1 439
3 621
-
pensions
4 177
3 807
9 582
-
unemployment
1 223
1 115
2 806
-
income
3 633
2 742
21 028
-
other
407
372
935
-
total
11 018
9 475
37 972
-
Employer
40 783
37 180
93 569
-
payroll
1 223
1 115
2 806
-
health
1 542
1 406
3 537
-
surtax
-
-
-
-
accident
529
483
1 216
-
pensions
5 118
4 667
11 744
-
chamber of commerce
163
149
374
-
other
1 937
1 765
4 444
-
unemployment
1 223
1 115
2 806
-
total
11 735
10 700
26 927
-
Corporate
67 981
72 619
90 032
-
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.

16 995
18 155
22 508
-
total
16 995
18 155
22 508
-
Dividends
50 986
54 465
-
-
withholding
14 020
14 978
-
-
total
14 020
14 978
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 768
53 308
87 407
59 787
After tax
66 732
67 192
33 093
60 713
Living cost
29 765
29 765
29 765
29 765
Free-cash
36 967
37 427
3 328
30 948

Estimated living cost  is ₽29765 per week

₽17855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107228
₽102408
₽100145
₽84333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
120 500
microenterprise

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

-
-
-
1 205
total
-
-
-
1 205
Employee
15 084
-
120 500
-
income
3 017
-
24 100
-
total
3 017
-
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%.

105 416
120 500
-
-
total
-
-
-
-
Dividends
105 416
120 500
-
-
withholding
5 271
6 025
-
-
total
5 271
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
8 288
6 025
24 100
1 205
After tax
112 212
114 475
96 400
119 295
Living cost
12 067
12 067
12 067
12 067
Free-cash
100 145
102 408
84 333
107 228

Estimated living cost  is ₽12067 per week

₽8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽507
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.
₽2990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36054
₽57942
₽50136
₽32673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 857
pensions
-
-
-
22 007
unemployment
-
-
-
181
income
-
-
-
25 377
total
-
-
-
59 422
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.

41 256
-
104 266
-
health
2 665
-
6 737
-
pensions
6 395
-
16 161
-
unemployment
58
-
145
-
income
7 115
-
23 526
-
total
16 233
-
46 569
-
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.

41 256
-
104 266
-
health
2 748
-
6 944
-
pensions
3 651
-
9 228
-
unemployment
25
-
62
-
total
6 424
-
16 234
-
Corporate
72 821
120 500
-
-
income
13 836
22 894
-
-
total
13 836
22 894
-
-
Dividends
58 984
97 606
-
-
withholding
8 847
14 640
-
-
total
8 847
14 640
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 340
37 534
62 803
59 422
After tax
75 160
82 966
57 697
61 078
Living cost
25 024
25 024
25 024
25 024
Free-cash
50 136
57 942
32 673
36 054

Estimated living cost  is ₽25024 per week

₽17174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40779
₽30816
-₽26350
₽65048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
60 933
-
-
-
social contributions
4 997
-
712
-
income
13 441
-
-
-
total
18 438
-
712
-
Employer
60 933
-
-
-
social contributions
85 916
-
12 244
-
total
85 916
-
12 244
-
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
104 354
47 188
12 956
37 225
After tax
16 146
73 312
107 544
83 275
Living cost
42 496
42 496
42 496
42 496
Free-cash
-26 350
30 816
65 048
40 779

Estimated living cost  is ₽42496 per week

₽27573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10384
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36742
₽39275
₽38338
₽28946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
41 874
income
-
-
-
12 620
surtax
-
-
-
-
total
-
-
-
54 494
Employee
42 909
-
97 374
-
surtax
-
-
-
-
social contributions
4 720
-
10 711
-
income
8 925
-
28 453
-
total
13 645
-
39 164
-
Employer
42 909
-
97 374
-
social contributions
10 191
-
23 126
-
total
10 191
-
23 126
-
Corporate
67 400
120 500
-
-
surtax
-
-
-
-
income
14 153
25 306
-
-
total
14 153
25 306
-
-
Dividends
53 247
95 194
-
-
withholding
14 909
26 655
-
-
total
14 909
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 898
51 961
62 290
54 494
After tax
67 602
68 539
58 210
66 006
Living cost
29 264
29 264
29 264
29 264
Free-cash
38 338
39 275
28 946
36 742

Estimated living cost  is ₽29264 per week

₽21896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23555
₽15673
₽22087
₽26067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 727
other
-
-
-
3 736
pensions
-
-
-
25 665
social contributions
-
-
-
3 433
income
-
-
-
15 323
surtax
-
-
-
-
total
-
-
-
51 884
Employee
58 434
-
95 804
-
pensions
6 609
-
5 598
-
surtax
-
-
-
-
social contributions
1 664
-
2 730
-
income
5 098
-
16 348
-
total
13 371
-
24 676
-
Employer
58 434
-
95 804
-
health
4 090
-
7 607
-
pensions
9 601
-
9 616
-
other
2 017
-
3 305
-
social contributions
175
-
287
-
unemployment
2 367
-
3 881
-
total
18 250
-
24 696
-
Corporate
43 816
120 500
-
-
surtax
-
-
-
-
income
12 268
33 740
-
-
total
12 268
33 740
-
-
Dividends
31 549
86 760
-
-
social contributions
5 425
14 922
-
-
surtax
-
-
-
-
withholding
4 038
11 104
-
-
total
9 463
26 026
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 352
59 766
49 372
51 884
After tax
67 148
60 734
71 128
68 616
Living cost
45 061
45 061
45 061
45 061
Free-cash
22 087
15 673
26 067
23 555

Estimated living cost  is ₽45061 per week

₽30497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62212
₽80405
₽77272
₽65412
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 734
social contributions
-
-
-
26 509
total
-
-
-
30 243
Employee
29 994
-
104 328
-
social contributions
1 949
-
6 781
-
income
-
-
4 090
-
total
1 949
-
10 871
-
Employer
29 994
-
104 328
-
social contributions
4 649
-
16 172
-
total
4 649
-
16 172
-
Corporate
85 857
120 500
-
-
income
8 585
12 050
-
-
total
8 585
12 050
-
-
Dividends
77 272
108 450
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
15 183
12 050
27 043
30 243
After tax
105 317
108 450
93 457
90 257
Living cost
28 045
28 045
28 045
28 045
Free-cash
77 272
80 405
65 412
62 212

Estimated living cost  is ₽28045 per week

₽18133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28434
-₽82450
-₽82450
-₽82450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
23 807
labour market
-
-
-
9 575
national
-
-
-
13 016
pensions
-
-
-
807
total
-
-
-
47 205
Employee
189 346
189 346
189 346
-
pensions
269
269
269
-
labour market
15 126
15 126
15 126
-
national
23 132
23 132
23 132
-
municipal
40 320
40 320
40 320
-
total
78 847
78 847
78 847
-
Employer
189 346
189 346
189 346
-
municipal
40 384
40 384
40 384
-
labour market
15 148
15 148
15 148
-
national
23 172
23 172
23 172
-
pensions
538
538
538
-
total
79 242
79 242
79 242
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
158 089
158 089
158 089
47 205
After tax
-37 589
-37 589
-37 589
73 295
Living cost
44 861
44 861
44 861
44 861
Free-cash
-82 450
-82 450
-82 450
28 434

Estimated living cost  is ₽44861 per week

₽30703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽690
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62141
-₽10635
₽6631
₽43468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 052
accident
-
-
-
238
other
-
-
-
349
pensions
-
-
-
3 915
income
-
-
-
31 409
total
-
-
-
37 963
Employee
32 084
-
105 775
-
health
3 674
-
12 111
-
pensions
3 613
-
7 179
-
income
4 402
-
22 621
-
total
11 689
-
41 911
-
Employer
32 084
-
105 775
-
accident
536
-
1 766
-
pensions
5 217
-
10 367
-
unemployment
786
-
2 592
-
total
6 539
-
14 725
-
Corporate
81 877
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.

73 689
108 450
-
-
total
73 689
108 450
-
-
Dividends
8 188
12 050
-
-
withholding
1 556
2 289
-
-
total
1 556
2 289
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 473
110 739
56 636
37 963
After tax
27 027
9 761
63 864
82 537
Living cost
20 396
20 396
20 396
20 396
Free-cash
6 631
-10 635
43 468
62 141

Estimated living cost  is ₽20396 per week

₽14846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46703
₽42223
₽42641
₽30178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
120 500
health
-
-
-
1 466
municipal
-
-
-
21 426
national
-
-
-
15 086
total
-
-
-
37 978
Employee
49 085
-
101 372
-
health
366
-
1 172
-
pensions
3 313
-
6 843
-
unemployment
737
-
1 521
-
national
811
-
9 307
-
municipal
8 040
-
16 531
-
total
13 267
-
35 374
-
Employer
49 085
-
101 372
-
health
377
-
781
-
accident
50
-
101
-
pensions
8 516
-
17 588
-
unemployment
319
-
659
-
total
9 262
-
19 129
-
Corporate
62 153
120 500
-
-
income
12 431
24 100
-
-
total
12 431
24 100
-
-
Dividends

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

37 292
72 300
-
-
national
368
5 343
-
-
municipal
6 712
13 015
-
-
total
7 080
18 358
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 040
42 458
54 503
37 978
After tax
78 460
78 042
65 997
82 522
Living cost
35 819
35 819
35 819
35 819
Free-cash
42 641
42 223
30 178
46 703

Estimated living cost  is ₽35819 per week

₽23397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8408
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62760
₽66448
₽61371
₽61492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 074
social contributions
-
-
-
15 095
income
-
-
-
17 970
total
-
-
-
36 139
Employee
71 741
71 741
110 426
-
health
556
1 220
1 877
-
social contributions
2 712
5 954
8 031
-
income
7 811
6 641
17 425
-
total
11 079
13 815
27 333
-
Employer
71 741
71 741
110 426
-
health
604
1 328
2 043
-
social contributions
2 712
5 954
8 031
-
total
3 316
7 282
10 074
-
Corporate
84 503
41 477
-
-
income
10 563
5 184
-
-
total
10 563
5 184
-
-
Dividends
73 941
36 293
-
-
withholding
12 570
6 170
-
-
total
12 570
6 170
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 528
32 451
37 407
36 139
After tax
82 972
88 049
83 093
84 361
Living cost
21 601
21 601
21 601
21 601
Free-cash
61 371
66 448
61 492
62 760

Estimated living cost  is ₽21601 per week

₽12946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84451
₽84974
₽80226
₽65735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 376
pensions
-
-
-
5 935
unemployment
-
-
-
27
income
-
-
-
11 898
total
-
-
-
21 236
Employee

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

21 415
-
111 382
-
health
1 820
-
7 525
-
pensions
3 212
-
13 279
-
unemployment
106
-
443
-
income
1 464
-
9 586
-
total
6 602
-
30 833
-
Employer

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

21 415
-
111 382
-
health
921
-
3 807
-
pensions
1 177
-
4 869
-
unemployment
106
-
443
-
total
2 204
-
9 119
-
Corporate
96 881
120 500
-
-
income
8 720
10 844
-
-
total
8 720
10 844
-
-
Dividends
88 161
109 656
-
-
withholding
7 935
9 869
-
-
total
7 935
9 869
-
-
Income
120 500
120 500
120 500
120 500
Total tax
25 461
20 713
39 952
21 236
After tax
95 039
99 787
80 548
99 264
Living cost
14 813
14 813
14 813
14 813
Free-cash
80 226
84 974
65 735
84 451

Estimated living cost  is ₽14813 per week

₽9451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41524
₽55194
₽50577
₽37042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
779
other
-
-
-
87
pensions
-
-
-
24 472
unemployment
-
-
-
606
income
-
-
-
27 376
total
-
-
-
53 320
Employee
34 497
-
92 932
-
pensions
1 622
-
4 065
-
unemployment
535
-
1 340
-
other
34
-
87
-
income
6 651
-
24 742
-
total
8 842
-
30 234
-
Employer
34 497
-
92 932
-
accident
683
-
1 712
-
pensions
8 141
-
20 408
-
other
276
-
692
-
unemployment
1 898
-
4 756
-
total
10 998
-
27 568
-
Corporate
75 004
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.

11 251
18 075
-
-
total
11 251
18 075
-
-
Dividends
63 753
102 425
-
-
withholding
13 176
21 575
-
-
total
13 176
21 575
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 267
39 650
57 802
53 320
After tax
76 233
80 850
62 698
67 180
Living cost
25 656
25 656
25 656
25 656
Free-cash
50 577
55 194
37 042
41 524

Estimated living cost  is ₽25656 per week

₽17317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75546
₽73441
₽73155
₽75420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
926
pensions
-
-
-
1 277
income
-
-
-
41 000
total
-
-
-
43 203
Employee
2 667
-
119 063
-
health
133
-
319
-
pensions
240
-
575
-
unemployment
27
-
64
-
income
516
-
40 933
-
total
916
-
41 891
-
Employer
2 667
-
119 063
-
health
253
-
607
-
pensions
293
-
703
-
unemployment
53
-
128
-
total
599
-
1 438
-
Corporate
117 233
120 500
-
-
income
25 791
26 510
-
-
total
25 791
26 510
-
-
Dividends
91 441
93 990
-
-
withholding
18 288
18 798
-
-
total
18 288
18 798
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 594
45 308
43 329
43 203
After tax
74 906
75 192
77 171
77 297
Living cost
1 751
1 751
1 751
1 751
Free-cash
73 155
73 441
75 420
75 546

Estimated living cost  is ₽1751 per week

₽1041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽40
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52155
₽70960
₽66381
₽52155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 087
pensions
-
-
-
17 889
unemployment
-
-
-
1 032
income
-
-
-
26 236
total
-
-
-
52 244
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.

24 279
-
108 184
-
health
1 250
-
3 543
-
pensions
3 399
-
9 633
-
unemployment
182
-
516
-
income
3 347
-
26 236
-
total
8 178
-
39 928
-
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.

24 279
-
108 184
-
health
1 250
-
3 543
-
pensions
2 913
-
8 257
-
unemployment
182
-
516
-
total
4 345
-
12 316
-
Corporate
91 875
120 500
-
-
income
13 781
18 075
-
-
total
13 781
18 075
-
-
Dividends
78 094
102 425
-
-
withholding
11 714
15 364
-
-
total
11 714
15 364
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 018
33 439
52 244
52 244
After tax
82 482
87 061
68 256
68 256
Living cost
16 101
16 101
16 101
16 101
Free-cash
66 381
70 960
52 155
52 155

Estimated living cost  is ₽16101 per week

₽10841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40854
₽43387
₽43053
₽33058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
41 874
income
-
-
-
12 620
surtax
-
-
-
-
total
-
-
-
54 494
Employee
36 211
-
97 374
-
surtax
-
-
-
-
social contributions
3 984
-
10 711
-
income
7 075
-
28 453
-
total
11 059
-
39 164
-
Employer
36 211
-
97 374
-
social contributions
8 599
-
23 126
-
total
8 599
-
23 126
-
Corporate
75 690
120 500
-
-
surtax
-
-
-
-
income
15 895
25 306
-
-
total
15 895
25 306
-
-
Dividends
59 795
95 194
-
-
withholding
16 742
26 655
-
-
total
16 742
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 295
51 961
62 290
54 494
After tax
68 205
68 539
58 210
66 006
Living cost
25 152
25 152
25 152
25 152
Free-cash
43 053
43 387
33 058
40 854

Estimated living cost  is ₽25152 per week

₽17815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34391
₽48061
₽41223
₽29909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
accident
-
-
-
779
other
-
-
-
87
pensions
-
-
-
24 472
unemployment
-
-
-
606
income
-
-
-
27 376
total
-
-
-
53 320
Employee
45 058
-
92 932
-
pensions
2 117
-
4 065
-
unemployment
698
-
1 340
-
other
44
-
87
-
income
9 411
-
24 742
-
total
12 270
-
30 234
-
Employer
45 058
-
92 932
-
accident
892
-
1 712
-
pensions
10 634
-
20 408
-
other
361
-
692
-
unemployment
2 479
-
4 756
-
total
14 366
-
27 568
-
Corporate
61 076
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.

9 162
18 075
-
-
total
9 162
18 075
-
-
Dividends
51 914
102 425
-
-
withholding
10 690
21 575
-
-
total
10 690
21 575
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 488
39 650
57 802
53 320
After tax
74 012
80 850
62 698
67 180
Living cost
32 789
32 789
32 789
32 789
Free-cash
41 223
48 061
29 909
34 391

Estimated living cost  is ₽32789 per week

₽23547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2549
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.
₽6230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77667
₽86974
₽81284
₽81919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 749
pensions

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

-
-
-
4 825
unemployment
-
-
-
130
income
-
-
-
18 075
total
-
-
-
26 779
Employee
21 258
-
114 104
-
health
978
-
1 500
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

1 866
-
2 862
-
income
2 126
-
11 410
-
total
5 204
-
16 131
-
Employer
21 258
-
114 104
-
health
1 467
-
2 249
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

2 343
-
3 592
-
unemployment
128
-
196
-
total
4 172
-
6 396
-
Corporate
95 071
120 500
-
-
income
9 507
12 050
-
-
total
9 507
12 050
-
-
Dividends
85 564
108 450
-
-
withholding
4 279
5 422
-
-
total
4 279
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 162
17 472
22 527
26 779
After tax
97 338
103 028
97 973
93 721
Living cost
16 054
16 054
16 054
16 054
Free-cash
81 284
86 974
81 919
77 667

Estimated living cost  is ₽16054 per week

₽10618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32872
₽26068
₽38271
₽43939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 374
trade
-
-
-
11 067
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.

-
-
-
1 781
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.

-
-
-
32 387
total
-
-
-
51 609
Employee

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

46 421
-
120 500
-
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.

6 374
-
6 374
-
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.

211
-
1 781
-
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.

3 817
-
32 387
-
total
10 402
-
40 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 079
120 500
-
-
trade
10 630
17 292
-
-
chamber of commerce
250
319
-
-
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.

611
993
-
-
income
11 112
18 075
-
-
total
22 603
36 679
-
-
Dividends
51 477
83 821
-
-
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.

689
1 133
-
-
withholding
12 516
20 601
-
-
total
13 205
21 734
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 210
58 413
40 542
51 609
After tax
74 290
62 087
79 958
68 891
Living cost
36 019
36 019
36 019
36 019
Free-cash
38 271
26 068
43 939
32 872

Estimated living cost  is ₽36019 per week

₽24847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23285
₽31203
₽33264
₽23285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
32 779
social contributions
-
-
-
11 290
total
-
-
-
44 069
Employee
72 979
-
120 500
-
social contributions
6 063
-
11 290
-
income
13 771
-
32 779
-
total
19 834
-
44 069
-
Employer
72 979
-
120 500
-
total
-
-
-
-
Corporate
47 521
120 500
-
-
income
5 940
15 063
-
-
total
5 940
15 063
-
-
Dividends
41 581
105 437
-
-
withholding
8 316
21 088
-
-
total
8 316
21 088
-
-
Income
120 500
120 500
120 500
120 500
Total tax
34 090
36 151
44 069
44 069
After tax
86 410
84 349
76 431
76 431
Living cost
53 146
53 146
53 146
53 146
Free-cash
33 264
31 203
23 285
23 285

Estimated living cost  is ₽53146 per week

₽40433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54264
₽39529
₽42789
₽54486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
120 500
income
-
-
-
26 557
health

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

-
-
-
5 812
total
-
-
-
32 369
Employee
42 799
-
116 208
-
social contributions
4 288
-
4 292
-
income
4 644
-
23 563
-
total
8 932
-
27 855
-
Employer
42 799
-
116 208
-
social contributions
4 288
-
4 292
-
total
4 288
-
4 292
-
Corporate
73 413
120 500
-
-
income
25 695
42 175
-
-
total
25 695
42 175
-
-
Dividends
47 718
78 325
-
-
social contributions
4 929
4 929
-
-
total
4 929
4 929
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 844
47 104
32 147
32 369
After tax
76 656
73 396
88 353
88 131
Living cost
33 867
33 867
33 867
33 867
Free-cash
42 789
39 529
54 486
54 264

Estimated living cost  is ₽33867 per week

₽22308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48616
₽49004
₽50493
₽37470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 501
income
-
-
-
29 838
total
-
-
-
37 339
Employee
47 418
-
105 665
-
health
619
-
1 700
-
pensions
3 619
-
9 543
-
income
8 635
-
22 407
-
total
12 873
-
33 650
-
Employer
47 418
-
105 665
-
health
901
-
2 007
-
pensions
4 791
-
12 828
-
total
5 692
-
14 835
-
Corporate
67 390
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.

12 803
22 895
-
-
total
12 803
22 895
-
-
Dividends
54 587
97 605
-
-
withholding
4 094
14 056
-
-
total
4 094
14 056
-
-
Income
120 500
120 500
120 500
120 500
Total tax
35 462
36 951
48 485
37 339
After tax
85 038
83 549
72 015
83 161
Living cost
34 545
34 545
34 545
34 545
Free-cash
50 493
49 004
37 470
48 616

Estimated living cost  is ₽34545 per week

₽23698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽432
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽60122
-₽12654
₽6323
₽41449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 052
accident
-
-
-
238
other
-
-
-
349
pensions
-
-
-
3 915
income
-
-
-
31 409
total
-
-
-
37 963
Employee
35 260
-
105 775
-
health
4 037
-
12 111
-
pensions
3 970
-
7 179
-
income
4 837
-
22 621
-
total
12 844
-
41 911
-
Employer
35 260
-
105 775
-
accident
589
-
1 766
-
pensions
5 733
-
10 367
-
unemployment
864
-
2 592
-
total
7 186
-
14 725
-
Corporate
78 054
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.

70 249
108 450
-
-
total
70 249
108 450
-
-
Dividends
7 805
12 050
-
-
withholding
1 483
2 289
-
-
total
1 483
2 289
-
-
Income
120 500
120 500
120 500
120 500
Total tax
91 762
110 739
56 636
37 963
After tax
28 738
9 761
63 864
82 537
Living cost
22 415
22 415
22 415
22 415
Free-cash
6 323
-12 654
41 449
60 122

Estimated living cost  is ₽22415 per week

₽16450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1306
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.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55552
₽88793
₽84425
₽68164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
8 917
work injury
-
-
-
602
pensions
-
-
-
22 172
unemployment
-
-
-
1 446
income
-
-
-
19 203
total
-
-
-
52 340
Employee

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

20 172
-
120 500
-
pensions
3 712
-
13 733
-
work injury
101
-
373
-
unemployment
242
-
896
-
health insurance
1 493
-
5 523
-
income
2 017
-
19 203
-
total
7 565
-
39 728
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
100 328
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%.

1 003
1 205
-
-
total
1 003
1 205
-
-
Dividends
99 324
119 295
-
-
withholding
14 899
17 894
-
-
total
14 899
17 894
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 467
19 099
39 728
52 340
After tax
97 033
101 401
80 772
68 160
Living cost
12 608
12 608
12 608
12 608
Free-cash
84 425
88 793
68 164
55 552

Estimated living cost  is ₽12608 per week

₽7811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21382
₽26302
₽22062
₽15869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 656
municipal
-
-
-
806
social contributions
-
-
-
30 992
national
-
-
-
27 497
total
-
-
-
61 951
Employee
78 618
-
120 500
-
regional
1 187
-
2 278
-
national
13 286
-
23 834
-
social contributions
26 509
-
40 633
-
municipal
469
-
719
-
total
41 451
-
67 464
-
Employer
78 618
-
120 500
-
total
-
-
-
-
Corporate
41 882
120 500
-
-
nationa
10 051
28 921
-
-
municipal
2 018
5 809
-
-
total
12 069
34 730
-
-
Dividends
29 813
85 770
-
-
withholding
7 751
22 301
-
-
total
7 751
22 301
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 271
57 031
67 464
61 951
After tax
59 229
63 469
53 036
58 549
Living cost
37 167
37 167
37 167
37 167
Free-cash
22 062
26 302
15 869
21 382

Estimated living cost  is ₽37167 per week

₽26108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7941
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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