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
₽30696
₽50657
₽38972
₽41714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
31 155
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.

-
-
-
1 714
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.

-
-
-
6 805
trade
-
-
-
11 685
total
-
-
-
51 359
Employee

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

38 096
-
120 500
-
surtax

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

59
-
1 714
-
income

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

1 064
-
31 155
-
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.

6 805
-
6 805
-
total
7 928
-
39 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
82 404
120 500
-
-
income
12 360
18 076
-
-
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.

680
994
-
-
chamber of commerce
270
325
-
-
trade
12 978
18 979
-
-
total
26 288
38 374
-
-
Dividends
56 116
82 126
-
-
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.

750
1 108
-
-
withholding
13 651
20 153
-
-
total
14 401
21 261
-
-
Income
120 500
120 500
120 500
120 500
Total tax
48 617
59 635
39 674
51 359
After tax
71 883
60 865
80 826
69 141
Living cost
30 169
30 169
30 169
30 169
Free-cash
41 714
30 696
50 657
38 972

Estimated living cost  is ₽30169 per week

₽18977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3518
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22454
₽20428
₽19484
₽21577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
1 295
municipal
-
-
-
12 756
national
-
-
-
19 767
pensions
-
-
-
14 460
total
-
-
-
48 278
Employee
81 754
-
104 171
-
municipal
10 098
-
13 223
-
pensions
3 270
-
4 167
-
national
15 648
-
20 490
-
total
29 016
-
37 880
-
Employer
81 754
-
104 171
-
pensions
6 540
-
8 334
-
social contributions
879
-
1 120
-
total
7 419
-
9 454
-
Corporate
25 931
120 500
-
-
income

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

5 186
24 100
-
-
total
5 186
24 100
-
-
Dividends
20 745
96 400
-
-
withholding
4 564
21 208
-
-
total
4 564
21 208
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 185
45 308
47 334
48 278
After tax
74 315
75 192
73 166
72 222
Living cost
52 738
52 738
52 738
52 738
Free-cash
21 577
22 454
20 428
19 484

Estimated living cost  is ₽52738 per week

₽35846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽789
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75679
₽46960
₽13085
₽67507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
120 500
income
-
-
-
17 803
surtax
-
-
-
30 728
social contributions

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

-
-
-
38 162
microenterprise
-
-
-
-
total
-
-
-
86 693
Employee
29 104
-
97 107
-
surtax
-
-
-
-
social contributions

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

3 202
-
10 681
-
income
5 181
-
18 744
-
total
8 383
-
29 425
-
Employer
29 104
-
97 107
-
social contributions

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

7 011
-
23 393
-
surtax
-
-
-
-
total
7 011
-
23 393
-
Corporate
84 385
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%.

16 877
24 099
-
-
total
16 877
24 099
-
-
Dividends

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

67 508
96 401
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
32 271
24 099
52 818
86 693
After tax
88 229
96 401
67 682
33 807
Living cost
20 722
20 722
20 722
20 722
Free-cash
67 507
75 679
46 960
13 085

Estimated living cost  is ₽20722 per week

₽13220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17115
₽23128
₽27397
₽11013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 426
health
-
-
-
12 282
pensions
-
-
-
11 670
total
-
-
-
51 378
Employee
85 057
85 057
102 544
-
pensions
15 310
11 670
11 670
-
income

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

13 922
13 922
13 922
-
health
13 055
11 105
12 101
-
total
42 287
36 697
37 693
-
Employer
85 057
85 057
102 544
-
health
5 912
5 912
7 126
-
pensions
5 920
5 920
7 137
-
unemployment
3 062
3 062
3 691
-
total
14 894
14 894
17 954
-
Corporate
21 592
20 549
-
-
income
4 319
4 109
-
-
total
4 319
4 109
-
-
Dividends
17 273
16 439
-
-
income
3 671
3 493
-
-
withholding
2 591
2 467
-
-
total
6 262
5 960
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 762
61 660
55 647
51 378
After tax
52 738
58 840
64 853
69 122
Living cost
41 725
41 725
41 725
41 725
Free-cash
11 013
17 115
23 128
27 397

Estimated living cost  is ₽41725 per week

₽29570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽663
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24800
₽22274
₽23378
₽23881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
180
other
-
-
-
10 440
unemployment
-
-
-
90
health
-
-
-
5 606
municipal
-
-
-
28 172
national
-
-
-
1 929
pensions
-
-
-
9 712
total
-
-
-
56 129
Employee
58 411
-
92 272
-
municipal
17 418
-
27 515
-
national
-
-
1 489
-
total
17 418
-
29 004
-
Employer
58 411
-
92 272
-
health
3 592
-
5 525
-
pensions
6 314
-
9 712
-
accident
117
-
180
-
unemployment
1 542
-
2 372
-
other
6 787
-
10 440
-
total
18 352
-
28 229
-
Corporate
43 736
120 500
-
-
income
9 622
26 510
-
-
total
9 622
26 510
-
-
Dividends
34 114
93 990
-
-
withholding
10 234
28 197
-
-
total
10 234
28 197
-
-
Income
120 500
120 500
120 500
120 500
Total tax
55 626
54 707
57 233
56 129
After tax
64 874
65 793
63 267
64 371
Living cost
40 993
40 993
40 993
40 993
Free-cash
23 881
24 800
22 274
23 378

Estimated living cost  is ₽40993 per week

₽27168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽623
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽21118
₽41698
₽29493
₽35114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
31 155
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.

-
-
-
1 714
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.

-
-
-
6 805
trade
-
-
-
12 205
total
-
-
-
51 879
Employee

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

50 511
-
120 500
-
surtax

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

238
-
1 714
-
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.

4 340
-
31 155
-
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.

6 805
-
6 805
-
total
11 383
-
39 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 989
120 500
-
-
income
10 498
18 076
-
-
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.

576
994
-
-
chamber of commerce
251
323
-
-
trade
11 513
19 822
-
-
total
22 838
39 215
-
-
Dividends
47 151
81 285
-
-
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.

628
1 096
-
-
withholding
11 409
19 943
-
-
total
12 037
21 039
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 258
60 254
39 674
51 879
After tax
74 242
60 246
80 826
68 621
Living cost
39 128
39 128
39 128
39 128
Free-cash
35 114
21 118
41 698
29 493

Estimated living cost  is ₽39128 per week

₽26169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55777
₽50899
₽52203
₽51647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
16 803
social contributions
-
-
-
16 115
health
-
-
-
3 073
total
-
-
-
35 991
Employee
76 590
76 590
109 892
-
social contributions
3 722
6 357
8 574
-
income
8 043
7 090
16 246
-
health
762
1 302
1 867
-
total
12 527
14 749
26 687
-
Employer
76 590
76 590
109 892
-
health
830
1 418
2 034
-
social contributions
3 722
6 357
8 574
-
total
4 552
7 775
10 608
-
Corporate
71 116
36 136
-
-
income
8 889
4 517
-
-
total
8 889
4 517
-
-
Dividends
62 227
31 618
-
-
withholding
10 579
5 376
-
-
total
10 579
5 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
36 547
32 417
37 295
35 991
After tax
83 953
88 083
83 205
84 509
Living cost
32 306
32 306
32 306
32 306
Free-cash
51 647
55 777
50 899
52 203

Estimated living cost  is ₽32306 per week

₽22085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2523
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.
₽7156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49579
₽51623
₽65246
₽49956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

26 317
10 474
100 837
-
unemployment
395
157
1 513
-
pensions
2 632
1 047
10 084
-
income
3 217
1 280
12 327
-
health
1 842
733
7 059
-
total
8 086
3 217
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.

26 317
10 474
100 837
-
pensions
5 132
2 042
19 663
-
total
5 132
2 042
19 663
-
Corporate
89 051
107 984
-
-
income
8 015
9 719
-
-
total
8 015
9 719
-
-
Dividends
81 037
98 265
-
-
social contributions
15 683
19 042
-
-
withholding
15 397
18 670
-
-
total
31 080
37 712
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 313
52 690
50 646
37 023
After tax
68 187
67 810
69 854
83 477
Living cost
18 231
18 231
18 231
18 231
Free-cash
49 956
49 579
51 623
65 246

Estimated living cost  is ₽18231 per week

₽12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72343
₽45399
₽40529
₽66153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
16 148
health
-
-
-
15 666
pensions
-
-
-
24 099
total
-
-
-
55 913
Employee
28 256
-
90 059
-
unemployment
452
-
1 440
-
pensions
565
-
1 801
-
income
3 181
-
17 363
-
total
4 198
-
20 604
-
Employer
28 256
-
90 059
-
health
3 673
-
11 708
-
pensions
5 652
-
18 011
-
unemployment
227
-
720
-
total
9 552
-
30 439
-
Corporate
82 693
120 500
-
-
income
16 539
24 099
-
-
total
16 539
24 099
-
-
Dividends
66 154
96 401
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
30 289
24 099
51 043
55 913
After tax
90 211
96 401
69 457
64 587
Living cost
24 058
24 058
24 058
24 058
Free-cash
66 153
72 343
45 399
40 529

Estimated living cost  is ₽24058 per week

₽16501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12409
₽41283
₽60411
₽6360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
254
income
-
-
-
30 902
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
37 920
Employee
34 873
-
105 070
-
pensions
3 927
-
7 688
-
income
4 784
-
21 900
-
health
3 993
-
12 030
-
total
12 704
-
41 618
-
Employer
34 873
-
105 070
-
pensions
5 671
-
11 102
-
accident
582
-
1 754
-
unemployment
854
-
2 574
-
total
7 107
-
15 430
-
Corporate
78 520
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.

70 668
108 450
-
-
total
70 668
108 450
-
-
Dividends
7 852
12 050
-
-
withholding
1 492
2 290
-
-
total
1 492
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
91 971
110 740
57 048
37 920
After tax
28 529
9 760
63 452
82 580
Living cost
22 169
22 169
22 169
22 169
Free-cash
6 360
-12 409
41 283
60 411

Estimated living cost  is ₽22169 per week

₽16248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106330
₽88255
₽111150
₽104803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
10 181
-
120 500
-
income
2 036
-
24 100
-
total
2 036
-
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%.

110 319
120 500
-
-
total
-
-
-
-
Dividends
110 319
120 500
-
-
withholding
5 516
6 025
-
-
total
5 516
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
7 552
6 025
24 100
1 205
After tax
112 948
114 475
96 400
119 295
Living cost
8 145
8 145
8 145
8 145
Free-cash
104 803
106 330
88 255
111 150

Estimated living cost  is ₽8145 per week

₽5048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61992
₽43074
₽38091
₽55264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
15 925
other
-
-
-
5 723
health
-
-
-
5 302
pensions

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

-
-
-
28 919
total
-
-
-
55 869
Employee
36 165
-
96 246
-
unemployment
361
-
962
-
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.

2 531
-
6 738
-
income
6 226
-
17 584
-
health
507
-
1 348
-
total
9 625
-
26 632
-
Employer
36 165
-
96 246
-
health
507
-
1 348
-
pensions

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

6 149
-
16 363
-
accident
289
-
769
-
unemployment
361
-
962
-
other
1 809
-
4 812
-
total
9 115
-
24 254
-
Corporate
75 221
120 500
-
-
income
15 796
25 305
-
-
total
15 796
25 305
-
-
Dividends
59 425
95 195
-
-
withholding
4 160
6 663
-
-
total
4 160
6 663
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 696
31 968
50 886
55 869
After tax
81 804
88 532
69 614
64 631
Living cost
26 540
26 540
26 540
26 540
Free-cash
55 264
61 992
43 074
38 091

Estimated living cost  is ₽26540 per week

₽18752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18408
₽6460
₽17666
₽10357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
28 689
pensions
-
-
-
7 837
total
-
-
-
36 526
Employee
93 815
-
105 766
-
pensions
9 051
-
10 036
-
income
16 911
-
21 217
-
health
1 546
-
1 745
-
total
27 508
-
32 998
-
Employer
93 815
-
105 766
-
health
1 782
-
2 009
-
pensions
11 077
-
12 725
-
total
12 859
-
14 734
-
Corporate
13 826
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.

2 627
22 894
-
-
total
2 627
22 894
-
-
Dividends
11 199
97 606
-
-
withholding
841
12 890
-
-
total
841
12 890
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 835
35 784
47 732
36 526
After tax
76 665
84 716
72 768
83 974
Living cost
66 308
66 308
66 308
66 308
Free-cash
10 357
18 408
6 460
17 666

Estimated living cost  is ₽66308 per week

₽49686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7791
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽89976
₽84225
₽80089
₽85353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 075
unemployment
-
-
-
139
health
-
-
-
3 999
pensions

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

-
-
-
5 146
total
-
-
-
27 359
Employee
17 282
-
113 678
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
pensions

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

1 517
-
3 053
-
income
1 728
-
11 367
-
health
795
-
1 599
-
total
4 230
-
16 401
-
Employer
17 282
-
113 678
-
health
1 193
-
2 399
-
pensions

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

1 905
-
3 832
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
unemployment
103
-
209
-
total
3 391
-
6 822
-
Corporate
99 827
120 500
-
-
income
9 982
12 050
-
-
total
9 982
12 050
-
-
Dividends
89 844
108 450
-
-
withholding
4 492
5 422
-
-
total
4 492
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
22 095
17 472
23 223
27 359
After tax
98 405
103 028
97 277
93 141
Living cost
13 052
13 052
13 052
13 052
Free-cash
85 353
89 976
84 225
80 089

Estimated living cost  is ₽13052 per week

₽7620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3609
₽9622
₽13891
₽6115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 426
health
-
-
-
12 282
pensions
-
-
-
11 670
total
-
-
-
51 378
Employee
92 345
85 057
102 544
-
pensions
11 670
11 670
11 670
-
income

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

13 922
13 922
13 922
-
health
11 520
11 105
12 101
-
total
37 112
36 697
37 693
-
Employer
92 345
85 057
102 544
-
health
6 417
5 912
7 126
-
pensions
6 427
5 920
7 137
-
unemployment
3 325
3 062
3 691
-
total
16 169
14 894
17 954
-
Corporate
11 987
20 549
-
-
income
2 397
4 109
-
-
total
2 397
4 109
-
-
Dividends
9 590
16 439
-
-
income
2 038
3 493
-
-
withholding
1 438
2 467
-
-
total
3 476
5 960
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 154
61 660
55 647
51 378
After tax
61 346
58 840
64 853
69 122
Living cost
55 231
55 231
55 231
55 231
Free-cash
6 115
3 609
9 622
13 891

Estimated living cost  is ₽55231 per week

₽40742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58214
₽36400
₽33940
₽49384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
10 357
social contributions
-
-
-
35 186
solidarity contribution
-
-
-
-
health
-
-
-
16 267
total
-
-
-
61 810
Employee
36 396
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 366
-
5 845
-
income
4 368
-
10 791
-
health
4 914
-
12 140
-
total
11 648
-
28 776
-
Employer
36 396
-
89 925
-
health
3 276
-
8 093
-
social contributions
9 099
-
22 481
-
total
12 375
-
30 574
-
Corporate
71 729
120 500
-
-
income
13 628
22 895
-
-
total
13 628
22 895
-
-
Dividends
58 100
97 605
-
-
withholding
8 715
14 641
-
-
total
8 715
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 366
37 536
59 350
61 810
After tax
74 134
82 964
61 150
58 690
Living cost
24 750
24 750
24 750
24 750
Free-cash
49 384
58 214
36 400
33 940

Estimated living cost  is ₽24750 per week

₽17191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22264
₽12605
₽18338
₽17061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
1 366
municipal
-
-
-
716
national
-
-
-
27 058
total
-
-
-
60 133
Employee
88 521
-
120 500
-
municipal
469
-
639
-
national
15 339
-
23 394
-
regional
835
-
1 200
-
social contributions
29 849
-
40 633
-
total
46 492
-
65 866
-
Employer
88 521
-
120 500
-
total
-
-
-
-
Corporate
31 979
120 500
-
-
municipal
1 248
4 699
-
-
nationa
7 674
28 919
-
-
total
8 922
33 618
-
-
Dividends
23 057
86 882
-
-
withholding
5 996
22 589
-
-
total
5 996
22 589
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 410
56 207
65 866
60 133
After tax
59 090
64 293
54 634
60 367
Living cost
42 029
42 029
42 029
42 029
Free-cash
17 061
22 264
12 605
18 338

Estimated living cost  is ₽42029 per week

₽29297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽645
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53817
₽34804
₽36791
₽50715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 441
other
-
-
-
-
surtax
-
-
-
3 408
unemployment
-
-
-
227
health
-
-
-
8 555
pensions
-
-
-
24 099
total
-
-
-
61 730
Employee
32 938
-
99 546
-
other
-
-
-
-
unemployment
2 293
-
6 929
-
pensions
2 196
-
6 640
-
surtax
108
-
3 094
-
income
5 521
-
23 561
-
health
841
-
2 538
-
total
10 959
-
42 762
-
Employer
32 938
-
99 546
-
health
1 499
-
4 531
-
pensions
4 391
-
13 269
-
unemployment
1 043
-
3 155
-
other
-
-
-
-
total
6 933
-
20 955
-
Corporate
80 629
120 500
-
-
income
20 964
31 329
-
-
total
20 964
31 329
-
-
Dividends
59 665
89 171
-
-
withholding
8 950
13 375
-
-
total
8 950
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 806
44 704
63 717
61 730
After tax
72 694
75 796
56 783
58 770
Living cost
21 979
21 979
21 979
21 979
Free-cash
50 715
53 817
34 804
36 791

Estimated living cost  is ₽21979 per week

₽13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽507
Clothing and shoes. We estimate one pair of shoes and 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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽39416
₽27468
₽38674
₽37184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
28 689
pensions
-
-
-
7 837
total
-
-
-
36 526
Employee
62 872
-
105 766
-
pensions
5 336
-
10 036
-
income
11 324
-
21 217
-
health
913
-
1 745
-
total
17 573
-
32 998
-
Employer
62 872
-
105 766
-
health
1 194
-
2 009
-
pensions
6 806
-
12 725
-
total
8 000
-
14 734
-
Corporate
49 627
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.

9 428
22 894
-
-
total
9 428
22 894
-
-
Dividends
40 199
97 606
-
-
withholding
3 015
12 890
-
-
total
3 015
12 890
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 016
35 784
47 732
36 526
After tax
82 484
84 716
72 768
83 974
Living cost
45 300
45 300
45 300
45 300
Free-cash
37 184
39 416
27 468
38 674

Estimated living cost  is ₽45300 per week

₽33938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3395
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.
₽7492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽23610
₽15111
₽21091
₽10069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
other

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

-
-
-
2 410
regional
-
-
-
4 615
health
-
-
-
271
city
-
-
-
1 270
national
-
-
-
1 049
pensions
-
-
-
11 084
total
-
-
-
20 699
Employee
92 111
-
107 855
-
unemployment
-
-
-
-
pensions
7 739
-
9 059
-
national
436
-
802
-
regional
3 016
-
3 958
-
city
989
-
1 158
-
health
208
-
243
-
total
12 388
-
15 220
-
Employer
92 111
-
107 855
-
health
208
-
243
-
pensions
7 739
-
9 059
-
unemployment
-
-
-
-
other

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

1 842
-
2 157
-
total
9 789
-
11 459
-
Corporate
17 587
120 500
-
-
regional
3 720
25 486
-
-
national
1 494
10 243
-
-
total
5 214
35 729
-
-
Dividends
12 374
84 771
-
-
withholding
4 330
29 671
-
-
total
4 330
29 671
-
-
Income
120 500
120 500
120 500
120 500
Total tax
31 721
65 400
26 679
20 699
After tax
88 779
55 100
93 821
99 801
Living cost
78 710
78 710
78 710
78 710
Free-cash
10 069
-23 610
15 111
21 091

Estimated living cost  is ₽78710 per week

₽51184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽966
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽13997
₽35197
₽22472
₽30150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
31 155
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.

-
-
-
1 714
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.

-
-
-
6 805
trade
-
-
-
12 725
total
-
-
-
52 399
Employee

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

59 860
-
120 500
-
surtax

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

387
-
1 714
-
income

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

7 039
-
31 155
-
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.

6 805
-
6 805
-
total
14 231
-
39 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 640
120 500
-
-
income
9 095
18 076
-
-
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.

501
994
-
-
chamber of commerce
236
321
-
-
trade
10 400
20 665
-
-
total
20 232
40 056
-
-
Dividends
40 408
80 444
-
-
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.

535
1 085
-
-
withholding
9 723
19 733
-
-
total
10 258
20 818
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 721
60 874
39 674
52 399
After tax
75 779
59 626
80 826
68 101
Living cost
45 629
45 629
45 629
45 629
Free-cash
30 150
13 997
35 197
22 472

Estimated living cost  is ₽45629 per week

₽33325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26654
₽38252
₽34719
₽32538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
14 433
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 380
pensions
-
-
-
26 723
total
-
-
-
51 704
Employee
42 629
-
96 348
-
pensions
4 820
-
5 378
-
surtax
-
-
-
-
social contributions
1 215
-
2 745
-
income
2 516
-
15 896
-
total
8 551
-
24 019
-
Employer
42 629
-
96 348
-
health
2 985
-
7 350
-
pensions
7 003
-
9 287
-
unemployment
1 726
-
3 901
-
social contributions
129
-
289
-
other
1 471
-
3 325
-
total
13 314
-
24 152
-
Corporate
64 559
120 500
-
-
income
18 077
33 739
-
-
surtax
-
-
-
-
total
18 077
33 739
-
-
Dividends
46 482
86 761
-
-
surtax
-
-
-
-
social contributions
7 993
14 925
-
-
withholding
5 950
11 105
-
-
total
13 943
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 885
59 769
48 171
51 704
After tax
66 615
60 731
72 329
68 796
Living cost
34 078
34 078
34 078
34 078
Free-cash
32 538
26 654
38 252
34 719

Estimated living cost  is ₽34078 per week

₽21487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30030
₽41628
₽38095
₽35565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
14 433
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 380
pensions
-
-
-
26 723
total
-
-
-
51 704
Employee
38 052
-
96 348
-
pensions
4 304
-
5 378
-
surtax
-
-
-
-
social contributions
1 085
-
2 745
-
income
1 962
-
15 896
-
total
7 351
-
24 019
-
Employer
38 052
-
96 348
-
health
2 663
-
7 350
-
pensions
6 253
-
9 287
-
unemployment
1 540
-
3 901
-
social contributions
113
-
289
-
other
1 314
-
3 325
-
total
11 883
-
24 152
-
Corporate
70 565
120 500
-
-
income
19 758
33 739
-
-
surtax
-
-
-
-
total
19 758
33 739
-
-
Dividends
50 807
86 761
-
-
surtax
-
-
-
-
social contributions
8 738
14 925
-
-
withholding
6 504
11 105
-
-
total
15 242
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 234
59 769
48 171
51 704
After tax
66 266
60 731
72 329
68 796
Living cost
30 701
30 701
30 701
30 701
Free-cash
35 565
30 030
41 628
38 095

Estimated living cost  is ₽30701 per week

₽17805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52394
₽55394
₽56263
₽52911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 076
social contributions
-
-
-
16 630
health
-
-
-
8 411
total
-
-
-
43 117
Employee
33 771
-
120 500
-
social contributions
4 661
-
16 630
-
income
5 633
-
18 945
-
health
2 357
-
8 411
-
total
12 651
-
43 986
-
Employer
33 771
-
120 500
-
total
-
-
-
-
Corporate
86 729
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%.

4 336
6 026
-
-
total
4 336
6 026
-
-
Dividends
82 393
114 474
-
-
social contributions
11 369
15 798
-
-
withholding
12 360
17 172
-
-
health
5 752
7 990
-
-
total
29 481
40 960
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 468
46 986
43 986
43 117
After tax
74 032
73 514
76 514
77 383
Living cost
21 120
21 120
21 120
21 120
Free-cash
52 911
52 394
55 394
56 263

Estimated living cost  is ₽21120 per week

₽14135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1302
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32100
-₽1226
₽24831
₽30560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
23 357
surtax
-
-
-
197
unemployment
-
-
-
6 109
chamber of commerce
-
-
-
482
health
-
-
-
8 901
pensions
-
-
-
21 527
total
-
-
-
60 573
Employee
49 777
39 693
93 414
-
other
497
397
934
-
unemployment
1 493
1 191
2 803
-
pensions
5 098
4 064
9 566
-
income
5 667
2 928
20 221
-
health
1 926
1 537
3 616
-
total
14 681
10 117
37 140
-
Employer
49 777
39 693
93 414
-
chamber of commerce
198
159
374
-
health
1 881
1 501
3 531
-
pensions
6 247
4 982
11 723
-
accident
646
516
1 213
-
unemployment
1 493
1 191
2 803
-
surtax
197
197
197
-
payroll
1 493
1 191
2 803
-
other
2 365
1 884
4 436
-
total
14 520
11 621
27 080
-
Corporate
56 203
69 186
89 639
-
income

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

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

14 051
17 297
22 410
-
total
14 051
17 297
22 410
-
Dividends
42 151
51 889
-
-
withholding
11 592
14 269
-
-
total
11 592
14 269
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 844
53 304
86 630
60 573
After tax
65 656
67 196
33 870
59 927
Living cost
35 096
35 096
35 096
35 096
Free-cash
30 560
32 100
-1 226
24 831

Estimated living cost  is ₽35096 per week

₽23408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31189
₽9174
₽18025
₽16251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
communal

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

-
-
-
6 075
social contributions
-
-
-
19 250
national
-
-
-
40 833
total
-
-
-
66 158
Employee

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

71 247
-
93 331
-
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.

620
-
813
-
communal

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

3 716
-
4 867
-
pensions

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

5 343
-
6 999
-
national
21 904
-
30 774
-
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.

3 347
-
4 387
-
total
34 930
-
47 840
-
Employer

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

71 247
-
93 331
-
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.

4 381
-
5 739
-
pensions

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

6 313
-
8 269
-
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.

926
-
1 213
-
unemployment

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

1 040
-
1 363
-
surtax
8 079
-
10 585
-
total
20 739
-
27 169
-
Corporate
28 515
120 500
-
-
income
5 703
24 099
-
-
surtax
113
482
-
-
total
5 816
24 581
-
-
Dividends
22 699
95 919
-
-
withholding

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

6 447
28 413
-
-
total
6 447
28 413
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 932
52 994
75 009
66 158
After tax
52 568
67 506
45 491
54 342
Living cost
36 317
36 317
36 317
36 317
Free-cash
16 251
31 189
9 174
18 025

Estimated living cost  is ₽36317 per week

₽23393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45013
₽26064
₽30620
₽37237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
832
income
-
-
-
26 212
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
53 909
Employee
49 580
-
91 371
-
other
49
-
91
-
unemployment
769
-
1 416
-
pensions
2 331
-
4 294
-
income
10 461
-
23 535
-
total
13 610
-
29 336
-
Employer
49 580
-
91 371
-
pensions
11 700
-
21 563
-
accident
981
-
1 809
-
unemployment
2 727
-
5 026
-
other
395
-
731
-
total
15 803
-
29 129
-
Corporate
55 117
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.

8 268
18 076
-
-
total
8 268
18 076
-
-
Dividends
46 849
102 424
-
-
withholding
9 611
21 440
-
-
total
9 611
21 440
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 292
39 516
58 465
53 909
After tax
73 208
80 984
62 035
66 591
Living cost
35 971
35 971
35 971
35 971
Free-cash
37 237
45 013
26 064
30 620

Estimated living cost  is ₽35971 per week

₽26489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2552
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18785
₽16403
₽11587
₽9494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
communal
-
-
-
7 615
accident
-
-
-
1 017
income
-
-
-
13 652
surtax
-
-
-
5 973
health
-
-
-
8 466
pensions
-
-
-
18 062
total
-
-
-
54 785
Employee
75 429
-
107 637
-
pensions
6 033
-
8 612
-
surtax
4 623
-
6 597
-
income
7 286
-
17 109
-
health
3 357
-
4 788
-
total
21 299
-
37 106
-
Employer
75 429
-
107 637
-
health
2 300
-
3 281
-
pensions
6 033
-
8 612
-
accident
679
-
970
-
total
9 012
-
12 863
-
Corporate
36 059
120 500
-
-
communal
2 435
8 133
-
-
income
5 410
18 076
-
-
surtax
378
1 265
-
-
total
8 223
27 474
-
-
Dividends
27 837
93 027
-
-
income
14 169
6 160
-
-
withholding
4 175
13 953
-
-
total
18 344
20 113
-
-
Income
120 500
120 500
120 500
120 500
Total tax
56 878
47 587
49 969
54 785
After tax
63 622
72 913
70 531
65 715
Living cost
54 128
54 128
54 128
54 128
Free-cash
9 494
18 785
16 403
11 587

Estimated living cost  is ₽54128 per week

₽40604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53424
₽34411
₽36398
₽50255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 441
other
-
-
-
-
surtax
-
-
-
3 408
unemployment
-
-
-
227
health
-
-
-
8 555
pensions
-
-
-
24 099
total
-
-
-
61 730
Employee
33 543
-
99 546
-
other
-
-
-
-
unemployment
2 334
-
6 929
-
pensions
2 238
-
6 640
-
surtax
119
-
3 094
-
income
5 623
-
23 561
-
health
856
-
2 538
-
total
11 170
-
42 762
-
Employer
33 543
-
99 546
-
health
1 525
-
4 531
-
pensions
4 472
-
13 269
-
unemployment
1 064
-
3 155
-
other
-
-
-
-
total
7 061
-
20 955
-
Corporate
79 896
120 500
-
-
income
20 773
31 329
-
-
total
20 773
31 329
-
-
Dividends
59 123
89 171
-
-
withholding
8 869
13 375
-
-
total
8 869
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 873
44 704
63 717
61 730
After tax
72 627
75 796
56 783
58 770
Living cost
22 372
22 372
22 372
22 372
Free-cash
50 255
53 424
34 411
36 398

Estimated living cost  is ₽22372 per week

₽13507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36507
₽27382
₽33085
₽34294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
1 817
municipal
-
-
-
716
national
-
-
-
27 058
total
-
-
-
60 584
Employee
55 251
-
120 500
-
municipal
293
-
639
-
national
8 753
-
23 394
-
regional
744
-
1 621
-
social contributions
18 631
-
40 633
-
total
28 421
-
66 287
-
Employer
55 251
-
120 500
-
total
-
-
-
-
Corporate
65 249
120 500
-
-
municipal
3 244
5 988
-
-
nationa
15 660
28 919
-
-
total
18 904
34 907
-
-
Dividends
46 345
85 593
-
-
withholding
12 050
22 255
-
-
total
12 050
22 255
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 375
57 162
66 287
60 584
After tax
61 125
63 338
54 213
59 916
Living cost
26 831
26 831
26 831
26 831
Free-cash
34 294
36 507
27 382
33 085

Estimated living cost  is ₽26831 per week

₽16686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52466
₽30652
₽28192
₽41586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
10 357
social contributions
-
-
-
35 186
solidarity contribution
-
-
-
-
health
-
-
-
16 267
total
-
-
-
61 810
Employee
44 850
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 915
-
5 845
-
income
5 382
-
10 791
-
health
6 055
-
12 140
-
total
14 352
-
28 776
-
Employer
44 850
-
89 925
-
health
4 036
-
8 093
-
social contributions
11 213
-
22 481
-
total
15 249
-
30 574
-
Corporate
60 401
120 500
-
-
income
11 476
22 895
-
-
total
11 476
22 895
-
-
Dividends
48 925
97 605
-
-
withholding
7 339
14 641
-
-
total
7 339
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
48 416
37 536
59 350
61 810
After tax
72 084
82 964
61 150
58 690
Living cost
30 498
30 498
30 498
30 498
Free-cash
41 586
52 466
30 652
28 192

Estimated living cost  is ₽30498 per week

₽22680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1689
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.
₽5601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35526
₽2125
₽28347
₽35033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
23 357
surtax
-
-
-
-
unemployment
-
-
-
6 109
chamber of commerce
-
-
-
482
health
-
-
-
8 901
pensions
-
-
-
21 527
total
-
-
-
60 376
Employee
43 539
39 693
93 569
-
other
435
397
936
-
unemployment
1 306
1 191
2 807
-
pensions
4 459
4 064
9 581
-
income
3 879
2 928
20 274
-
health
1 684
1 537
3 622
-
total
11 763
10 117
37 220
-
Employer
43 539
39 693
93 569
-
chamber of commerce
174
159
374
-
health
1 646
1 501
3 536
-
pensions
5 464
4 982
11 744
-
accident
565
516
1 217
-
unemployment
1 306
1 191
2 807
-
surtax
-
-
-
-
payroll
1 306
1 191
2 807
-
other
2 068
1 884
4 446
-
total
12 529
11 424
26 931
-
Corporate
64 431
69 383
89 789
-
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.

16 108
17 346
22 447
-
total
16 108
17 346
22 447
-
Dividends
48 323
52 037
-
-
withholding
13 290
14 310
-
-
total
13 290
14 310
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 690
53 197
86 598
60 376
After tax
66 810
67 303
33 902
60 124
Living cost
31 777
31 777
31 777
31 777
Free-cash
35 033
35 526
2 125
28 347

Estimated living cost  is ₽31777 per week

₽19062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101782
₽83707
₽106602
₽99402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 866
-
120 500
-
income
3 173
-
24 100
-
total
3 173
-
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%.

104 634
120 500
-
-
total
-
-
-
-
Dividends
104 634
120 500
-
-
withholding
5 232
6 025
-
-
total
5 232
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
8 405
6 025
24 100
1 205
After tax
112 095
114 475
96 400
119 295
Living cost
12 693
12 693
12 693
12 693
Free-cash
99 402
101 782
83 707
106 602

Estimated living cost  is ₽12693 per week

₽8589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽426
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56248
₽31258
₽34710
₽47917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
120 500
income
-
-
-
25 027
unemployment
-
-
-
181
health
-
-
-
11 859
pensions
-
-
-
22 007
total
-
-
-
59 074
Employee

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

44 045
-
104 265
-
unemployment
62
-
146
-
pensions
6 827
-
16 161
-
income
7 595
-
23 250
-
health
2 845
-
6 735
-
total
17 329
-
46 292
-
Employer

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

44 045
-
104 265
-
health
2 934
-
6 944
-
pensions
3 897
-
9 228
-
unemployment
26
-
62
-
total
6 857
-
16 234
-
Corporate
69 598
120 500
-
-
income
13 224
22 895
-
-
total
13 224
22 895
-
-
Dividends
56 374
97 605
-
-
withholding
8 457
14 641
-
-
total
8 457
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 867
37 536
62 526
59 074
After tax
74 633
82 964
57 974
61 426
Living cost
26 716
26 716
26 716
26 716
Free-cash
47 917
56 248
31 258
34 710

Estimated living cost  is ₽26716 per week

₽18334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29628
₽63497
₽39591
-₽30454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
23 488
social contributions
-
-
-
13 737
total
-
-
-
37 225
Employee
62 637
-
-
-
social contributions
5 136
-
732
-
income
13 816
-
-
-
total
18 952
-
732
-
Employer
62 637
-
-
-
social contributions
88 318
-
12 587
-
total
88 318
-
12 587
-
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
107 270
47 188
13 319
37 225
After tax
13 230
73 312
107 181
83 275
Living cost
43 684
43 684
43 684
43 684
Free-cash
-30 454
29 628
63 497
39 591

Estimated living cost  is ₽43684 per week

₽28344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37298
₽27681
₽35125
₽36295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
120 500
income
-
-
-
12 259
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 133
Employee
45 810
-
97 374
-
surtax
-
-
-
-
social contributions
5 039
-
10 712
-
income
9 529
-
27 739
-
total
14 568
-
38 451
-
Employer
45 810
-
97 374
-
social contributions
10 880
-
23 126
-
total
10 880
-
23 126
-
Corporate
63 811
120 500
-
-
income
13 399
25 305
-
-
surtax
-
-
-
-
total
13 399
25 305
-
-
Dividends
50 411
95 195
-
-
withholding
14 116
26 655
-
-
total
14 116
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 963
51 960
61 577
54 133
After tax
67 537
68 540
58 923
66 367
Living cost
31 242
31 242
31 242
31 242
Free-cash
36 295
37 298
27 681
35 125

Estimated living cost  is ₽31242 per week

₽23376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1843
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.
₽5502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12624
₽24222
₽20689
₽19470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
14 433
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 433
health
-
-
-
3 380
pensions
-
-
-
26 723
total
-
-
-
51 704
Employee
62 383
-
96 348
-
pensions
7 056
-
5 378
-
surtax
-
-
-
-
social contributions
1 777
-
2 745
-
income
5 443
-
15 896
-
total
14 276
-
24 019
-
Employer
62 383
-
96 348
-
health
4 366
-
7 350
-
pensions
10 250
-
9 287
-
unemployment
2 527
-
3 901
-
social contributions
187
-
289
-
other
2 153
-
3 325
-
total
19 483
-
24 152
-
Corporate
38 633
120 500
-
-
income
10 817
33 739
-
-
surtax
-
-
-
-
total
10 817
33 739
-
-
Dividends
27 816
86 761
-
-
surtax
-
-
-
-
social contributions
4 786
14 925
-
-
withholding
3 561
11 105
-
-
total
8 347
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 923
59 769
48 171
51 704
After tax
67 577
60 731
72 329
68 796
Living cost
48 107
48 107
48 107
48 107
Free-cash
19 470
12 624
24 222
20 689

Estimated living cost  is ₽48107 per week

₽32558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽660
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78510
₽63899
₽60700
₽75164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 351
social contributions
-
-
-
26 509
total
-
-
-
29 860
Employee
32 021
-
104 328
-
income
-
-
3 707
-
social contributions
2 081
-
6 782
-
total
2 081
-
10 489
-
Employer
32 021
-
104 328
-
social contributions
4 964
-
16 172
-
total
4 964
-
16 172
-
Corporate
83 515
120 500
-
-
income
8 351
12 050
-
-
total
8 351
12 050
-
-
Dividends
75 164
108 450
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
15 396
12 050
26 661
29 860
After tax
105 104
108 450
93 839
90 640
Living cost
29 940
29 940
29 940
29 940
Free-cash
75 164
78 510
63 899
60 700

Estimated living cost  is ₽29940 per week

₽19359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₽96409
-₽96409
₽25549
-₽96409
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
labour market
-
-
-
9 571
municipal
-
-
-
23 472
national
-
-
-
13 099
pensions
-
-
-
863
total
-
-
-
47 005
Employee
202 369
202 369
202 369
-
municipal
43 093
43 093
43 093
-
labour market
16 166
16 166
16 166
-
pensions
288
288
288
-
national
24 723
24 723
24 723
-
total
84 270
84 270
84 270
-
Employer
202 369
202 369
202 369
-
national
24 766
24 766
24 766
-
labour market
16 190
16 190
16 190
-
pensions
575
575
575
-
municipal
43 162
43 162
43 162
-
total
84 693
84 693
84 693
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
168 963
168 963
168 963
47 005
After tax
-48 463
-48 463
-48 463
73 495
Living cost
47 946
47 946
47 946
47 946
Free-cash
-96 409
-96 409
-96 409
25 549

Estimated living cost  is ₽47946 per week

₽32815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽737
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12082
₽41610
₽60738
₽6409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
254
income
-
-
-
30 902
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
37 920
Employee
34 359
-
105 070
-
pensions
3 869
-
7 688
-
income
4 714
-
21 900
-
health
3 934
-
12 030
-
total
12 517
-
41 618
-
Employer
34 359
-
105 070
-
pensions
5 587
-
11 102
-
accident
574
-
1 754
-
unemployment
842
-
2 574
-
total
7 003
-
15 430
-
Corporate
79 139
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.

71 225
108 450
-
-
total
71 225
108 450
-
-
Dividends
7 914
12 050
-
-
withholding
1 504
2 290
-
-
total
1 504
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
92 249
110 740
57 048
37 920
After tax
28 251
9 760
63 452
82 580
Living cost
21 842
21 842
21 842
21 842
Free-cash
6 409
-12 082
41 610
60 738

Estimated living cost  is ₽21842 per week

₽15898
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.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40286
₽28465
₽44988
₽40182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 440
municipal
-
-
-
21 431
national
-
-
-
14 401
total
-
-
-
37 272
Employee
52 403
-
101 370
-
municipal
8 583
-
16 535
-
unemployment
786
-
1 520
-
pensions
3 536
-
6 842
-
national
866
-
8 622
-
health
391
-
1 145
-
total
14 162
-
34 664
-
Employer
52 403
-
101 370
-
health
403
-
781
-
pensions
9 092
-
17 588
-
accident
53
-
102
-
unemployment
340
-
660
-
total
9 888
-
19 131
-
Corporate
58 209
120 500
-
-
income
11 641
24 099
-
-
total
11 641
24 099
-
-
Dividends

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

34 926
72 300
-
-
municipal
6 287
13 014
-
-
national
100
4 861
-
-
total
6 387
17 875
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 078
41 974
53 795
37 272
After tax
78 422
78 526
66 705
83 228
Living cost
38 240
38 240
38 240
38 240
Free-cash
40 182
40 286
28 465
44 988

Estimated living cost  is ₽38240 per week

₽24978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽609
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65022
₽60144
₽61448
₽59602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
16 803
social contributions
-
-
-
16 115
health
-
-
-
3 073
total
-
-
-
35 991
Employee
76 590
76 590
109 892
-
social contributions
2 896
6 357
8 574
-
income
8 339
7 090
16 246
-
health
594
1 302
1 867
-
total
11 829
14 749
26 687
-
Employer
76 590
76 590
109 892
-
health
645
1 418
2 034
-
social contributions
2 896
6 357
8 574
-
total
3 541
7 775
10 608
-
Corporate
82 070
36 136
-
-
income
10 258
4 517
-
-
total
10 258
4 517
-
-
Dividends
71 812
31 618
-
-
withholding
12 209
5 376
-
-
total
12 209
5 376
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 837
32 417
37 295
35 991
After tax
82 663
88 083
83 205
84 509
Living cost
23 061
23 061
23 061
23 061
Free-cash
59 602
65 022
60 144
61 448

Estimated living cost  is ₽23061 per week

₽13821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6468
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83972
₽62931
₽82911
₽78905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
120 500
income
-
-
-
11 806
unemployment
-
-
-
28
health
-
-
-
3 605
pensions
-
-
-
6 336
total
-
-
-
21 775
Employee

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

22 862
-
110 766
-
unemployment
113
-
473
-
pensions
3 429
-
14 176
-
income
1 563
-
9 338
-
health
1 943
-
8 033
-
total
7 048
-
32 020
-
Employer

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

22 862
-
110 766
-
health
983
-
4 064
-
pensions
1 257
-
5 198
-
unemployment
113
-
473
-
total
2 353
-
9 735
-
Corporate
95 284
120 500
-
-
income
8 576
10 846
-
-
total
8 576
10 846
-
-
Dividends
86 709
109 654
-
-
withholding
7 804
9 868
-
-
total
7 804
9 868
-
-
Income
120 500
120 500
120 500
120 500
Total tax
25 781
20 714
41 755
21 775
After tax
94 719
99 786
78 745
98 725
Living cost
15 814
15 814
15 814
15 814
Free-cash
78 905
83 972
62 931
82 911

Estimated living cost  is ₽15814 per week

₽10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53594
₽34645
₽39201
₽48528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
832
income
-
-
-
26 212
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
53 909
Employee
36 829
-
91 371
-
other
36
-
91
-
unemployment
571
-
1 416
-
pensions
1 731
-
4 294
-
income
7 100
-
23 535
-
total
9 438
-
29 336
-
Employer
36 829
-
91 371
-
pensions
8 691
-
21 563
-
accident
730
-
1 809
-
unemployment
2 026
-
5 026
-
other
295
-
731
-
total
11 742
-
29 129
-
Corporate
71 929
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.

10 789
18 076
-
-
total
10 789
18 076
-
-
Dividends
61 140
102 424
-
-
withholding
12 613
21 440
-
-
total
12 613
21 440
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 582
39 516
58 465
53 909
After tax
75 918
80 984
62 035
66 591
Living cost
27 390
27 390
27 390
27 390
Free-cash
48 528
53 594
34 645
39 201

Estimated living cost  is ₽27390 per week

₽18488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73240
₽75088
₽75227
₽72919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
40 865
health
-
-
-
1 032
pensions
-
-
-
1 424
total
-
-
-
43 321
Employee
2 973
-
118 898
-
unemployment
30
-
71
-
pensions
268
-
641
-
income
575
-
40 791
-
health
149
-
356
-
total
1 022
-
41 859
-
Employer
2 973
-
118 898
-
health
282
-
676
-
pensions
327
-
783
-
unemployment
59
-
142
-
total
668
-
1 601
-
Corporate
116 858
120 500
-
-
income
25 709
26 510
-
-
total
25 709
26 510
-
-
Dividends
91 149
93 990
-
-
withholding
18 230
18 798
-
-
total
18 230
18 798
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 629
45 308
43 460
43 321
After tax
74 871
75 192
77 040
77 179
Living cost
1 952
1 952
1 952
1 952
Free-cash
72 919
73 240
75 088
75 227

Estimated living cost  is ₽1952 per week

₽1160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽45
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69829
₽49471
₽49469
₽64926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
120 500
income
-
-
-
25 963
unemployment
-
-
-
1 105
health
-
-
-
7 585
pensions
-
-
-
19 146
total
-
-
-
53 799
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.

25 985
-
107 319
-
unemployment
195
-
552
-
pensions
3 638
-
10 309
-
income
3 582
-
25 963
-
health
1 338
-
3 792
-
total
8 753
-
40 616
-
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.

25 985
-
107 319
-
health
1 338
-
3 792
-
pensions
3 118
-
8 837
-
unemployment
195
-
552
-
total
4 651
-
13 181
-
Corporate
89 864
120 500
-
-
income
13 480
18 075
-
-
total
13 480
18 075
-
-
Dividends
76 384
102 425
-
-
withholding
11 458
15 364
-
-
total
11 458
15 364
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 342
33 439
53 797
53 799
After tax
82 158
87 061
66 703
66 701
Living cost
17 232
17 232
17 232
17 232
Free-cash
64 926
69 829
49 471
49 469

Estimated living cost  is ₽17232 per week

₽11602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41688
₽32071
₽39515
₽41330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
120 500
income
-
-
-
12 259
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 133
Employee
38 658
-
97 374
-
surtax
-
-
-
-
social contributions
4 253
-
10 712
-
income
7 554
-
27 739
-
total
11 807
-
38 451
-
Employer
38 658
-
97 374
-
social contributions
9 180
-
23 126
-
total
9 180
-
23 126
-
Corporate
72 661
120 500
-
-
income
15 259
25 305
-
-
surtax
-
-
-
-
total
15 259
25 305
-
-
Dividends
57 402
95 195
-
-
withholding
16 072
26 655
-
-
total
16 072
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 318
51 960
61 577
54 133
After tax
68 182
68 540
58 923
66 367
Living cost
26 852
26 852
26 852
26 852
Free-cash
41 330
41 688
32 071
39 515

Estimated living cost  is ₽26852 per week

₽19019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45979
₽27030
₽31586
₽38540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
832
income
-
-
-
26 212
other
-
-
-
93
unemployment
-
-
-
646
pensions
-
-
-
26 126
total
-
-
-
53 909
Employee
48 104
-
91 371
-
other
47
-
91
-
unemployment
745
-
1 416
-
pensions
2 261
-
4 294
-
income
10 047
-
23 535
-
total
13 100
-
29 336
-
Employer
48 104
-
91 371
-
pensions
11 352
-
21 563
-
accident
953
-
1 809
-
unemployment
2 646
-
5 026
-
other
386
-
731
-
total
15 337
-
29 129
-
Corporate
57 060
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.

8 559
18 076
-
-
total
8 559
18 076
-
-
Dividends
48 501
102 424
-
-
withholding
9 959
21 440
-
-
total
9 959
21 440
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 955
39 516
58 465
53 909
After tax
73 545
80 984
62 035
66 591
Living cost
35 005
35 005
35 005
35 005
Free-cash
38 540
45 979
27 030
31 586

Estimated living cost  is ₽35005 per week

₽25139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85904
₽80153
₽76017
₽79836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
18 075
unemployment
-
-
-
139
health
-
-
-
3 999
pensions

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

-
-
-
5 146
total
-
-
-
27 359
Employee
22 675
-
113 678
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
pensions

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

1 991
-
3 053
-
income
2 268
-
11 367
-
health
1 043
-
1 599
-
total
5 551
-
16 401
-
Employer
22 675
-
113 678
-
health
1 565
-
2 399
-
pensions

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

2 499
-
3 832
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
unemployment
136
-
209
-
total
4 449
-
6 822
-
Corporate
93 376
120 500
-
-
income
9 338
12 050
-
-
total
9 338
12 050
-
-
Dividends
84 038
108 450
-
-
withholding
4 202
5 422
-
-
total
4 202
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 540
17 472
23 223
27 359
After tax
96 960
103 028
97 277
93 141
Living cost
17 124
17 124
17 124
17 124
Free-cash
79 836
85 904
80 153
76 017

Estimated living cost  is ₽17124 per week

₽11326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23652
₽42372
₽31725
₽36680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
31 155
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.

-
-
-
1 714
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.

-
-
-
6 805
trade
-
-
-
10 647
total
-
-
-
50 321
Employee

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

49 559
-
120 500
-
surtax

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

225
-
1 714
-
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.

4 075
-
31 155
-
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.

6 805
-
6 805
-
total
11 105
-
39 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 941
120 500
-
-
income
10 642
18 076
-
-
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.

586
994
-
-
chamber of commerce
255
327
-
-
trade
10 180
17 291
-
-
total
21 663
36 688
-
-
Dividends
49 278
83 812
-
-
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.

656
1 132
-
-
withholding
11 942
20 574
-
-
total
12 598
21 706
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 366
58 394
39 674
50 321
After tax
75 134
62 106
80 826
70 179
Living cost
38 454
38 454
38 454
38 454
Free-cash
36 680
23 652
42 372
31 725

Estimated living cost  is ₽38454 per week

₽26526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27612
₽20867
₽20867
₽29811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 738
social contributions
-
-
-
11 157
total
-
-
-
42 895
Employee
77 912
-
120 500
-
income
14 702
-
31 738
-
social contributions
6 473
-
11 157
-
total
21 175
-
42 895
-
Employer
77 912
-
120 500
-
total
-
-
-
-
Corporate
42 588
120 500
-
-
income
5 323
15 063
-
-
total
5 323
15 063
-
-
Dividends
37 266
105 437
-
-
withholding
7 453
21 087
-
-
total
7 453
21 087
-
-
Income
120 500
120 500
120 500
120 500
Total tax
33 951
36 150
42 895
42 895
After tax
86 549
84 350
77 605
77 605
Living cost
56 738
56 738
56 738
56 738
Free-cash
29 811
27 612
20 867
20 867

Estimated living cost  is ₽56738 per week

₽43165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4623
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.
₽8407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36907
₽52666
₽49932
₽40387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 352
health

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

-
-
-
6 060
total
-
-
-
34 412
Employee
45 692
-
115 918
-
income
4 958
-
22 514
-
social contributions
4 578
-
4 582
-
total
9 536
-
27 096
-
Employer
45 692
-
115 918
-
social contributions
4 578
-
4 582
-
total
4 578
-
4 582
-
Corporate
70 230
120 500
-
-
income
24 581
42 175
-
-
total
24 581
42 175
-
-
Dividends
45 649
78 325
-
-
social contributions
5 262
5 262
-
-
total
5 262
5 262
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 957
47 437
31 678
34 412
After tax
76 543
73 063
88 822
86 088
Living cost
36 156
36 156
36 156
36 156
Free-cash
40 387
36 907
52 666
49 932

Estimated living cost  is ₽36156 per week

₽23816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47889
₽35941
₽47147
₽47864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
28 689
pensions
-
-
-
7 837
total
-
-
-
36 526
Employee
50 550
-
105 766
-
pensions
3 858
-
10 036
-
income
9 206
-
21 217
-
health
659
-
1 745
-
total
13 723
-
32 998
-
Employer
50 550
-
105 766
-
health
961
-
2 009
-
pensions
5 107
-
12 725
-
total
6 068
-
14 734
-
Corporate
63 882
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.

12 138
22 894
-
-
total
12 138
22 894
-
-
Dividends
51 744
97 606
-
-
withholding
3 880
12 890
-
-
total
3 880
12 890
-
-
Income
120 500
120 500
120 500
120 500
Total tax
35 809
35 784
47 732
36 526
After tax
84 691
84 716
72 768
83 974
Living cost
36 827
36 827
36 827
36 827
Free-cash
47 864
47 889
35 941
47 147

Estimated living cost  is ₽36827 per week

₽25263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14244
₽39448
₽58576
₽6080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
254
income
-
-
-
30 902
other
-
-
-
373
health
-
-
-
2 198
pensions
-
-
-
4 193
total
-
-
-
37 920
Employee
37 760
-
105 070
-
pensions
4 252
-
7 688
-
income
5 180
-
21 900
-
health
4 323
-
12 030
-
total
13 755
-
41 618
-
Employer
37 760
-
105 070
-
pensions
6 139
-
11 102
-
accident
631
-
1 754
-
unemployment
925
-
2 574
-
total
7 695
-
15 430
-
Corporate
75 045
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.

67 540
108 450
-
-
total
67 540
108 450
-
-
Dividends
7 505
12 050
-
-
withholding
1 426
2 290
-
-
total
1 426
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
90 416
110 740
57 048
37 920
After tax
30 084
9 760
63 452
82 580
Living cost
24 004
24 004
24 004
24 004
Free-cash
6 080
-14 244
39 448
58 576

Estimated living cost  is ₽24004 per week

₽17616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87945
₽66104
₽54870
₽83284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
120 500
income
-
-
-
19 036
unemployment
-
-
-
1 446
work injury
-
-
-
603
health insurance
-
-
-
8 917
pensions
-
-
-
22 172
total
-
-
-
52 174
Employee

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

21 529
-
120 500
-
health insurance
1 593
-
5 894
-
unemployment
258
-
956
-
work injury
108
-
398
-
pensions
3 961
-
14 656
-
income
2 153
-
19 036
-
total
8 073
-
40 940
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
98 971
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%.

990
1 205
-
-
total
990
1 205
-
-
Dividends
97 981
119 295
-
-
withholding
14 697
17 894
-
-
total
14 697
17 894
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 760
19 099
40 940
52 174
After tax
96 740
101 401
79 560
68 326
Living cost
13 456
13 456
13 456
13 456
Free-cash
83 284
87 945
66 104
54 870

Estimated living cost  is ₽13456 per week

₽8336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽420
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₽23794
₽13856
₽19365
₽19261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
social contributions
-
-
-
30 993
regional
-
-
-
2 600
municipal
-
-
-
805
national
-
-
-
27 058
total
-
-
-
61 456
Employee
83 932
-
120 500
-
municipal
501
-
718
-
national
14 184
-
23 394
-
regional
1 267
-
2 220
-
social contributions
28 301
-
40 633
-
total
44 253
-
66 965
-
Employer
83 932
-
120 500
-
total
-
-
-
-
Corporate
36 568
120 500
-
-
municipal
1 764
5 808
-
-
nationa
8 776
28 919
-
-
total
10 540
34 727
-
-
Dividends
26 029
85 772
-
-
withholding
6 767
22 300
-
-
total
6 767
22 300
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 560
57 027
66 965
61 456
After tax
58 940
63 473
53 535
59 044
Living cost
39 679
39 679
39 679
39 679
Free-cash
19 261
23 794
13 856
19 365

Estimated living cost  is ₽39679 per week

₽27872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2729
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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