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
₽32568
₽51687
₽39545
₽42895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
32 374
surtax

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

-
-
-
1 781
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.

-
-
-
6 378
trade
-
-
-
12 142
total
-
-
-
52 675
Employee

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

35 710
-
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.

55
-
1 781
-
income

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

998
-
32 374
-
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.

6 378
-
6 378
-
total
7 431
-
40 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 790
120 500
-
-
income
12 718
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.

700
994
-
-
chamber of commerce
264
315
-
-
trade
13 354
18 979
-
-
total
27 036
38 364
-
-
Dividends
57 754
82 136
-
-
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.

774
1 109
-
-
withholding
14 084
20 179
-
-
total
14 858
21 288
-
-
Income
120 500
120 500
120 500
120 500
Total tax
49 325
59 652
40 533
52 675
After tax
71 175
60 848
79 967
67 825
Living cost
28 280
28 280
28 280
28 280
Free-cash
42 895
32 568
51 687
39 545

Estimated living cost  is ₽28280 per week

₽17789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3297
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.
₽6665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25386
₽23176
₽22232
₽24558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 828
national
-
-
-
19 879
pensions
-
-
-
14 460
total
-
-
-
48 462
Employee
77 208
-
104 171
-
municipal
9 536
-
13 295
-
pensions
3 088
-
4 167
-
national
14 778
-
20 602
-
total
27 402
-
38 064
-
Employer
77 208
-
104 171
-
pensions
6 177
-
8 334
-
social contributions
830
-
1 120
-
total
7 007
-
9 454
-
Corporate
31 189
120 500
-
-
income

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

6 238
24 100
-
-
total
6 238
24 100
-
-
Dividends
24 951
96 400
-
-
withholding
5 489
21 208
-
-
total
5 489
21 208
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 136
45 308
47 518
48 462
After tax
74 364
75 192
72 982
72 038
Living cost
49 806
49 806
49 806
49 806
Free-cash
24 558
25 386
23 176
22 232

Estimated living cost  is ₽49806 per week

₽33853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76976
₽48187
₽16152
₽69317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
120 500
income
-
-
-
18 424
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.

-
-
-
35 772
microenterprise
-
-
-
-
total
-
-
-
84 924
Employee
27 282
-
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.

3 001
-
10 682
-
income
4 856
-
18 814
-
total
7 857
-
29 496
-
Employer
27 282
-
97 107
-
social contributions

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

6 572
-
23 393
-
surtax
-
-
-
-
total
6 572
-
23 393
-
Corporate
86 647
120 500
-
-
income

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

17 330
24 100
-
-
total
17 330
24 100
-
-
Dividends

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

69 317
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
31 759
24 100
52 889
84 924
After tax
88 741
96 400
67 611
35 576
Living cost
19 424
19 424
19 424
19 424
Free-cash
69 317
76 976
48 187
16 152

Estimated living cost  is ₽19424 per week

₽12392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19892
₽28533
₽30352
₽14171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 584
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
51 036
Employee
79 730
79 730
103 149
-
pensions
14 351
10 939
10 939
-
income

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

13 051
13 051
13 051
-
health
12 238
10 409
11 513
-
total
39 640
34 399
35 503
-
Employer
79 730
79 730
103 149
-
health
5 542
5 542
6 887
-
pensions
5 549
5 549
6 898
-
unemployment
2 870
2 870
3 567
-
total
13 961
13 961
17 352
-
Corporate
27 786
26 808
-
-
income
5 558
5 361
-
-
total
5 558
5 361
-
-
Dividends
22 228
21 447
-
-
income
4 724
4 557
-
-
withholding
3 334
3 218
-
-
total
8 058
7 775
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 217
61 496
52 855
51 036
After tax
53 283
59 004
67 645
69 464
Living cost
39 112
39 112
39 112
39 112
Free-cash
14 171
19 892
28 533
30 352

Estimated living cost  is ₽39112 per week

₽27718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28095
₽25345
₽26360
₽27249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
165
other
-
-
-
9 601
unemployment
-
-
-
83
health
-
-
-
5 155
municipal
-
-
-
28 796
national
-
-
-
3 711
pensions
-
-
-
8 931
total
-
-
-
56 442
Employee
53 717
-
94 540
-
municipal
16 018
-
28 192
-
national
-
-
3 306
-
total
16 018
-
31 498
-
Employer
53 717
-
94 540
-
health
3 304
-
5 081
-
pensions
5 807
-
8 931
-
accident
107
-
165
-
unemployment
1 418
-
2 181
-
other
6 242
-
9 601
-
total
16 878
-
25 959
-
Corporate
49 906
120 500
-
-
income
10 979
26 510
-
-
total
10 979
26 510
-
-
Dividends
38 926
93 990
-
-
withholding
11 678
28 197
-
-
total
11 678
28 197
-
-
Income
120 500
120 500
120 500
120 500
Total tax
55 553
54 707
57 457
56 442
After tax
64 947
65 793
63 043
64 058
Living cost
37 698
37 698
37 698
37 698
Free-cash
27 249
28 095
25 345
26 360

Estimated living cost  is ₽37698 per week

₽24985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3699
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23548
₽43289
₽30607
₽36669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
32 374
surtax

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

-
-
-
1 781
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.

-
-
-
6 378
trade
-
-
-
12 682
total
-
-
-
53 215
Employee

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

47 347
-
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.

223
-
1 781
-
income

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

4 068
-
32 374
-
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.

6 378
-
6 378
-
total
10 669
-
40 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 153
120 500
-
-
income
10 973
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.

604
994
-
-
chamber of commerce
246
314
-
-
trade
12 034
19 823
-
-
total
23 857
39 207
-
-
Dividends
49 296
81 294
-
-
surtax

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

659
1 099
-
-
withholding
11 968
19 968
-
-
total
12 627
21 067
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 153
60 274
40 533
53 215
After tax
73 347
60 226
79 967
67 285
Living cost
36 678
36 678
36 678
36 678
Free-cash
36 669
23 548
43 289
30 607

Estimated living cost  is ₽36678 per week

₽24530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57768
₽52811
₽54082
₽53895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
17 957
social contributions
-
-
-
15 106
health
-
-
-
3 072
total
-
-
-
36 135
Employee
71 793
71 793
110 420
-
social contributions
3 489
5 958
8 037
-
income
7 539
6 646
17 413
-
health
714
1 221
1 876
-
total
11 742
13 825
27 326
-
Employer
71 793
71 793
110 420
-
health
778
1 329
2 043
-
social contributions
3 489
5 958
8 037
-
total
4 267
7 287
10 080
-
Corporate
74 209
41 419
-
-
income
9 275
5 177
-
-
total
9 275
5 177
-
-
Dividends
64 934
36 242
-
-
withholding
11 038
6 160
-
-
total
11 038
6 160
-
-
Income
120 500
120 500
120 500
120 500
Total tax
36 322
32 449
37 406
36 135
After tax
84 178
88 051
83 094
84 365
Living cost
30 283
30 283
30 283
30 283
Free-cash
53 895
57 768
52 811
54 082

Estimated living cost  is ₽30283 per week

₽20701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51056
₽53131
₽66754
₽51403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

24 139
9 607
100 837
-
unemployment
362
144
1 513
-
pensions
2 414
961
10 084
-
income
2 951
1 174
12 327
-
health
1 690
672
7 059
-
total
7 417
2 951
30 983
-
Employer

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

The minimum wage is 138,000 HUF per month.

24 139
9 607
100 837
-
pensions
4 707
1 873
19 663
-
total
4 707
1 873
19 663
-
Corporate
91 653
109 019
-
-
income
8 249
9 812
-
-
total
8 249
9 812
-
-
Dividends
83 405
99 208
-
-
social contributions
16 154
19 236
-
-
withholding
15 847
18 849
-
-
total
32 001
38 085
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 374
52 721
50 646
37 023
After tax
68 126
67 779
69 854
83 477
Living cost
16 723
16 723
16 723
16 723
Free-cash
51 403
51 056
53 131
66 754

Estimated living cost  is ₽16723 per week

₽11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73849
₽46903
₽42037
₽68047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 664
pensions
-
-
-
24 100
total
-
-
-
55 912
Employee
26 486
-
90 059
-
unemployment
423
-
1 440
-
pensions
530
-
1 802
-
income
2 982
-
17 363
-
total
3 935
-
20 605
-
Employer
26 486
-
90 059
-
health
3 443
-
11 708
-
pensions
5 298
-
18 012
-
unemployment
213
-
721
-
total
8 954
-
30 441
-
Corporate
85 061
120 500
-
-
income
17 013
24 100
-
-
total
17 013
24 100
-
-
Dividends
68 048
96 400
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
29 902
24 100
51 046
55 912
After tax
90 598
96 400
69 454
64 588
Living cost
22 551
22 551
22 551
22 551
Free-cash
68 047
73 849
46 903
42 037

Estimated living cost  is ₽22551 per week

₽15468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11080
₽42985
₽61702
₽6564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
31 361
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
37 958
Employee
32 783
-
105 708
-
pensions
3 691
-
7 227
-
income
4 498
-
22 553
-
health
3 754
-
12 104
-
total
11 943
-
41 884
-
Employer
32 783
-
105 708
-
pensions
5 331
-
10 436
-
accident
547
-
1 765
-
unemployment
803
-
2 590
-
total
6 681
-
14 791
-
Corporate
81 036
120 500
-
-
income

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

72 932
108 450
-
-
total
72 932
108 450
-
-
Dividends
8 104
12 050
-
-
withholding
1 540
2 290
-
-
total
1 540
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 096
110 740
56 675
37 958
After tax
27 404
9 760
63 825
82 542
Living cost
20 840
20 840
20 840
20 840
Free-cash
6 564
-11 080
42 985
61 702

Estimated living cost  is ₽20840 per week

₽15274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽435
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106952
₽88877
₽111772
₽105541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
microenterprise

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

-
-
-
1 205
total
-
-
-
1 205
Employee
9 404
-
120 500
-
income
1 881
-
24 100
-
total
1 881
-
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%.

111 096
120 500
-
-
total
-
-
-
-
Dividends
111 096
120 500
-
-
withholding
5 555
6 025
-
-
total
5 555
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
7 436
6 025
24 100
1 205
After tax
113 064
114 475
96 400
119 295
Living cost
7 523
7 523
7 523
7 523
Free-cash
105 541
106 952
88 877
111 772

Estimated living cost  is ₽7523 per week

₽4662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63653
₽44472
₽39488
₽57348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 187
other
-
-
-
5 725
health
-
-
-
5 301
pensions

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

-
-
-
28 921
total
-
-
-
56 134
Employee
33 900
-
96 244
-
unemployment
338
-
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.

2 372
-
6 738
-
income
5 836
-
17 849
-
health
475
-
1 347
-
total
9 021
-
26 896
-
Employer
33 900
-
96 244
-
health
475
-
1 347
-
pensions

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

5 764
-
16 362
-
accident
271
-
771
-
unemployment
338
-
962
-
other
1 696
-
4 812
-
total
8 544
-
24 254
-
Corporate
78 057
120 500
-
-
income
16 393
25 305
-
-
total
16 393
25 305
-
-
Dividends
61 664
95 195
-
-
withholding
4 316
6 664
-
-
total
4 316
6 664
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 274
31 969
51 150
56 134
After tax
82 226
88 531
69 350
64 366
Living cost
24 878
24 878
24 878
24 878
Free-cash
57 348
63 653
44 472
39 488

Estimated living cost  is ₽24878 per week

₽17578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽20979
₽9392
₽20546
₽14687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 694
pensions
-
-
-
7 543
total
-
-
-
37 237
Employee
88 735
-
105 678
-
pensions
8 561
-
9 606
-
income
15 995
-
22 257
-
health
1 462
-
1 706
-
total
26 018
-
33 569
-
Employer
88 735
-
105 678
-
health
1 685
-
2 007
-
pensions
10 477
-
12 815
-
total
12 162
-
14 822
-
Corporate
19 603
120 500
-
-
income

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

3 724
22 895
-
-
total
3 724
22 895
-
-
Dividends
15 879
97 605
-
-
withholding
1 192
13 909
-
-
total
1 192
13 909
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 096
36 804
48 391
37 237
After tax
77 404
83 696
72 109
83 263
Living cost
62 717
62 717
62 717
62 717
Free-cash
14 687
20 979
9 392
20 546

Estimated living cost  is ₽62717 per week

₽46995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7369
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.
₽7844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽90784
₽85721
₽81472
₽86445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
26 784
Employee
16 213
-
114 100
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
pensions

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

1 423
-
2 864
-
income
1 621
-
11 410
-
health
746
-
1 501
-
total
3 969
-
16 134
-
Employer
16 213
-
114 100
-
health
1 119
-
2 251
-
pensions

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

1 787
-
3 595
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
unemployment
97
-
196
-
total
3 182
-
6 401
-
Corporate
101 106
120 500
-
-
income
10 110
12 050
-
-
total
10 110
12 050
-
-
Dividends
90 996
108 450
-
-
withholding
4 550
5 422
-
-
total
4 550
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
21 811
17 472
22 535
26 784
After tax
98 689
103 028
97 965
93 716
Living cost
12 244
12 244
12 244
12 244
Free-cash
86 445
90 784
85 721
81 472

Estimated living cost  is ₽12244 per week

₽7148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7232
₽15873
₽17692
₽9580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 584
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
51 036
Employee
86 561
79 730
103 149
-
pensions
10 939
10 939
10 939
-
income

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

13 051
13 051
13 051
-
health
10 799
10 409
11 513
-
total
34 789
34 399
35 503
-
Employer
86 561
79 730
103 149
-
health
6 015
5 542
6 887
-
pensions
6 024
5 549
6 898
-
unemployment
3 117
2 870
3 567
-
total
15 156
13 961
17 352
-
Corporate
18 783
26 808
-
-
income
3 756
5 361
-
-
total
3 756
5 361
-
-
Dividends
15 027
21 447
-
-
income
3 193
4 557
-
-
withholding
2 254
3 218
-
-
total
5 447
7 775
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 148
61 496
52 855
51 036
After tax
61 352
59 004
67 645
69 464
Living cost
51 772
51 772
51 772
51 772
Free-cash
9 580
7 232
15 873
17 692

Estimated living cost  is ₽51772 per week

₽38191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4624
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.
₽8365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60149
₽38335
₽37877
₽52010
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 710
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
-
health
-
-
-
16 268
total
-
-
-
59 808
Employee
33 551
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 181
-
5 845
-
income
4 026
-
10 791
-
health
4 529
-
12 140
-
total
10 736
-
28 776
-
Employer
33 551
-
89 925
-
health
3 020
-
8 093
-
social contributions
8 388
-
22 481
-
total
11 408
-
30 574
-
Corporate
75 541
120 500
-
-
income
14 353
22 895
-
-
total
14 353
22 895
-
-
Dividends
61 188
97 605
-
-
withholding
9 178
14 641
-
-
total
9 178
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 675
37 536
59 350
59 808
After tax
74 825
82 964
61 150
60 692
Living cost
22 815
22 815
22 815
22 815
Free-cash
52 010
60 149
38 335
37 877

Estimated living cost  is ₽22815 per week

₽15848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4896
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24895
₽14789
₽20526
₽20020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 992
regional
-
-
-
1 376
municipal
-
-
-
716
national
-
-
-
27 493
total
-
-
-
60 577
Employee
82 977
-
120 500
-
municipal
439
-
640
-
national
14 378
-
23 830
-
regional
783
-
1 212
-
social contributions
27 980
-
40 632
-
total
43 580
-
66 314
-
Employer
82 977
-
120 500
-
total
-
-
-
-
Corporate
37 523
120 500
-
-
municipal
1 463
4 699
-
-
nationa
9 006
28 921
-
-
total
10 469
33 620
-
-
Dividends
27 053
86 880
-
-
withholding
7 034
22 588
-
-
total
7 034
22 588
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 083
56 208
66 314
60 577
After tax
59 417
64 292
54 186
59 923
Living cost
39 397
39 397
39 397
39 397
Free-cash
20 020
24 895
14 789
20 526

Estimated living cost  is ₽39397 per week

₽27463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55192
₽35107
₽37099
₽52287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
26 323
other
-
-
-
-
surtax
-
-
-
3 606
unemployment
-
-
-
213
health
-
-
-
8 556
pensions
-
-
-
24 100
total
-
-
-
62 798
Employee
30 875
-
99 547
-
other
-
-
-
-
unemployment
2 149
-
6 928
-
pensions
2 059
-
6 641
-
surtax
101
-
3 292
-
income
5 175
-
24 436
-
health
788
-
2 539
-
total
10 272
-
43 836
-
Employer
30 875
-
99 547
-
health
1 405
-
4 529
-
pensions
4 116
-
13 269
-
unemployment
978
-
3 156
-
other
-
-
-
-
total
6 499
-
20 954
-
Corporate
83 126
120 500
-
-
income
21 612
31 330
-
-
total
21 612
31 330
-
-
Dividends
61 514
89 170
-
-
withholding
9 227
13 375
-
-
total
9 227
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 610
44 705
64 790
62 798
After tax
72 890
75 795
55 710
57 702
Living cost
20 603
20 603
20 603
20 603
Free-cash
52 287
55 192
35 107
37 099

Estimated living cost  is ₽20603 per week

₽12597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40849
₽29262
₽40416
₽40058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 694
pensions
-
-
-
7 543
total
-
-
-
37 237
Employee
59 468
-
105 678
-
pensions
5 047
-
9 606
-
income
10 710
-
22 257
-
health
863
-
1 706
-
total
16 620
-
33 569
-
Employer
59 468
-
105 678
-
health
1 130
-
2 007
-
pensions
6 437
-
12 815
-
total
7 567
-
14 822
-
Corporate
53 465
120 500
-
-
income

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

10 159
22 895
-
-
total
10 159
22 895
-
-
Dividends
43 306
97 605
-
-
withholding
3 249
13 909
-
-
total
3 249
13 909
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 595
36 804
48 391
37 237
After tax
82 905
83 696
72 109
83 263
Living cost
42 847
42 847
42 847
42 847
Free-cash
40 058
40 849
29 262
40 416

Estimated living cost  is ₽42847 per week

₽32100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽18727
₽19700
₽25673
₽12862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 795
health
-
-
-
271
city
-
-
-
1 270
national
-
-
-
1 165
pensions
-
-
-
11 087
total
-
-
-
20 998
Employee
86 398
-
107 852
-
unemployment
-
-
-
-
pensions
7 259
-
9 060
-
national
409
-
912
-
regional
2 829
-
4 136
-
city
927
-
1 159
-
health
195
-
243
-
total
11 619
-
15 510
-
Employer
86 398
-
107 852
-
health
195
-
243
-
pensions
7 259
-
9 060
-
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.

1 727
-
2 158
-
total
9 181
-
11 461
-
Corporate
23 970
120 500
-
-
regional
5 070
25 485
-
-
national
2 038
10 243
-
-
total
7 108
35 728
-
-
Dividends
16 861
84 772
-
-
withholding
5 901
29 670
-
-
total
5 901
29 670
-
-
Income
120 500
120 500
120 500
120 500
Total tax
33 809
65 398
26 971
20 998
After tax
86 691
55 102
93 529
99 502
Living cost
73 829
73 829
73 829
73 829
Free-cash
12 862
-18 727
19 700
25 673

Estimated living cost  is ₽73829 per week

₽48010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽906
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽16836
₽37196
₽23975
₽31977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
32 374
surtax

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

-
-
-
1 781
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.

-
-
-
6 378
trade
-
-
-
13 221
total
-
-
-
53 754
Employee

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

56 111
-
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.

363
-
1 781
-
income

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

6 598
-
32 374
-
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.

6 378
-
6 378
-
total
13 339
-
40 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 389
120 500
-
-
income
9 658
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.

532
994
-
-
chamber of commerce
232
312
-
-
trade
11 044
20 666
-
-
total
21 466
40 048
-
-
Dividends
42 924
80 452
-
-
surtax

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

571
1 086
-
-
withholding
10 376
19 759
-
-
total
10 947
20 845
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 752
60 893
40 533
53 754
After tax
74 748
59 607
79 967
66 746
Living cost
42 771
42 771
42 771
42 771
Free-cash
31 977
16 836
37 196
23 975

Estimated living cost  is ₽42771 per week

₽31238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28787
₽39199
₽36673
₽34307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 315
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 434
health
-
-
-
3 723
pensions
-
-
-
25 677
total
-
-
-
51 884
Employee
39 959
-
95 810
-
pensions
4 518
-
5 595
-
surtax
-
-
-
-
social contributions
1 139
-
2 730
-
income
2 358
-
16 344
-
total
8 015
-
24 669
-
Employer
39 959
-
95 810
-
health
2 798
-
7 604
-
pensions
6 564
-
9 612
-
unemployment
1 618
-
3 880
-
social contributions
120
-
287
-
other
1 378
-
3 306
-
total
12 478
-
24 689
-
Corporate
68 062
120 500
-
-
income
19 057
33 740
-
-
surtax
-
-
-
-
total
19 057
33 740
-
-
Dividends
49 005
86 760
-
-
surtax
-
-
-
-
social contributions
8 428
14 924
-
-
withholding
6 272
11 106
-
-
total
14 700
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 250
59 770
49 358
51 884
After tax
66 250
60 730
71 142
68 616
Living cost
31 943
31 943
31 943
31 943
Free-cash
34 307
28 787
39 199
36 673

Estimated living cost  is ₽31943 per week

₽20142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31952
₽42364
₽39838
₽37143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 315
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 434
health
-
-
-
3 723
pensions
-
-
-
25 677
total
-
-
-
51 884
Employee
35 669
-
95 810
-
pensions
4 034
-
5 595
-
surtax
-
-
-
-
social contributions
1 017
-
2 730
-
income
1 839
-
16 344
-
total
6 890
-
24 669
-
Employer
35 669
-
95 810
-
health
2 496
-
7 604
-
pensions
5 861
-
9 612
-
unemployment
1 444
-
3 880
-
social contributions
106
-
287
-
other
1 231
-
3 306
-
total
11 138
-
24 689
-
Corporate
73 692
120 500
-
-
income
20 634
33 740
-
-
surtax
-
-
-
-
total
20 634
33 740
-
-
Dividends
53 058
86 760
-
-
surtax
-
-
-
-
social contributions
9 126
14 924
-
-
withholding
6 791
11 106
-
-
total
15 917
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 579
59 770
49 358
51 884
After tax
65 921
60 730
71 142
68 616
Living cost
28 778
28 778
28 778
28 778
Free-cash
37 143
31 952
42 364
39 838

Estimated living cost  is ₽28778 per week

₽16690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53718
₽56395
₽57587
₽54202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 628
health
-
-
-
8 411
total
-
-
-
43 115
Employee
31 656
-
120 500
-
social contributions
4 369
-
16 628
-
income
5 280
-
19 268
-
health
2 209
-
8 411
-
total
11 858
-
44 307
-
Employer
31 656
-
120 500
-
total
-
-
-
-
Corporate
88 844
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%.

4 442
6 026
-
-
total
4 442
6 026
-
-
Dividends
84 402
114 474
-
-
social contributions
11 648
15 797
-
-
withholding
12 661
17 170
-
-
health
5 891
7 991
-
-
total
30 200
40 958
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 500
46 984
44 307
43 115
After tax
74 000
73 516
76 193
77 385
Living cost
19 798
19 798
19 798
19 798
Free-cash
54 202
53 718
56 395
57 587

Estimated living cost  is ₽19798 per week

₽13249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34195
₽169
₽27624
₽32751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 064
surtax
-
-
-
184
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
482
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
59 978
Employee
46 660
37 207
93 425
-
other
466
372
934
-
unemployment
1 400
1 116
2 803
-
pensions
4 778
3 809
9 568
-
income
5 312
2 744
20 969
-
health
1 805
1 440
3 616
-
total
13 761
9 481
37 890
-
Employer
46 660
37 207
93 425
-
chamber of commerce
186
149
374
-
health
1 763
1 407
3 531
-
pensions
5 856
4 670
11 726
-
accident
606
484
1 214
-
unemployment
1 400
1 116
2 803
-
surtax
184
184
184
-
payroll
1 400
1 116
2 803
-
other
2 216
1 766
4 437
-
total
13 611
10 892
27 072
-
Corporate
60 229
72 400
89 885
-
income

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

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

15 057
18 101
22 471
-
total
15 057
18 101
22 471
-
Dividends
45 173
54 299
-
-
withholding
12 422
14 933
-
-
total
12 422
14 933
-
-
Income
120 500
120 500
120 500
120 500
Total tax
54 851
53 407
87 433
59 978
After tax
65 649
67 093
33 067
60 522
Living cost
32 898
32 898
32 898
32 898
Free-cash
32 751
34 195
169
27 624

Estimated living cost  is ₽32898 per week

₽21942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33441
₽10837
₽19747
₽19439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 083
social contributions
-
-
-
19 113
national
-
-
-
41 515
total
-
-
-
66 711
Employee

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

66 785
-
93 330
-
unemployment

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

581
-
811
-
communal

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

3 483
-
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.

5 009
-
7 000
-
national
20 532
-
31 385
-
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.

3 138
-
4 387
-
total
32 743
-
48 450
-
Employer

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

66 785
-
93 330
-
health

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

4 107
-
5 741
-
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.

5 918
-
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.

868
-
1 214
-
unemployment

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

974
-
1 362
-
surtax
7 573
-
10 585
-
total
19 440
-
27 171
-
Corporate
34 275
120 500
-
-
income
6 855
24 100
-
-
surtax
136
482
-
-
total
6 991
24 582
-
-
Dividends
27 284
95 918
-
-
withholding

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

7 845
28 435
-
-
total
7 845
28 435
-
-
Income
120 500
120 500
120 500
120 500
Total tax
67 019
53 017
75 621
66 711
After tax
53 481
67 483
44 879
53 789
Living cost
34 042
34 042
34 042
34 042
Free-cash
19 439
33 441
10 837
19 747

Estimated living cost  is ₽34042 per week

₽21928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47133
₽28970
₽33457
₽39972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
27 362
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
53 325
Employee
46 475
-
92 912
-
other
46
-
87
-
unemployment
721
-
1 341
-
pensions
2 185
-
4 068
-
income
9 806
-
24 728
-
total
12 758
-
30 224
-
Employer
46 475
-
92 912
-
pensions
10 967
-
20 423
-
accident
920
-
1 713
-
unemployment
2 557
-
4 759
-
other
370
-
693
-
total
14 814
-
27 588
-
Corporate
59 211
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.

8 882
18 076
-
-
total
8 882
18 076
-
-
Dividends
50 329
102 424
-
-
withholding
10 356
21 573
-
-
total
10 356
21 573
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 810
39 649
57 812
53 325
After tax
73 690
80 851
62 688
67 175
Living cost
33 718
33 718
33 718
33 718
Free-cash
39 972
47 133
28 970
33 457

Estimated living cost  is ₽33718 per week

₽24830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21829
₽18564
₽13761
₽12510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 015
income
-
-
-
14 868
surtax
-
-
-
5 974
health
-
-
-
8 467
pensions
-
-
-
18 062
total
-
-
-
56 001
Employee
70 705
-
107 637
-
pensions
5 656
-
8 611
-
surtax
4 334
-
6 596
-
income
6 829
-
18 337
-
health
3 147
-
4 791
-
total
19 966
-
38 335
-
Employer
70 705
-
107 637
-
health
2 156
-
3 283
-
pensions
5 656
-
8 611
-
accident
636
-
969
-
total
8 448
-
12 863
-
Corporate
41 347
120 500
-
-
communal
2 791
8 134
-
-
income
6 203
18 076
-
-
surtax
434
1 265
-
-
total
9 428
27 475
-
-
Dividends
31 920
93 025
-
-
income
14 623
6 503
-
-
withholding
4 787
13 955
-
-
total
19 410
20 458
-
-
Income
120 500
120 500
120 500
120 500
Total tax
57 252
47 933
51 198
56 001
After tax
63 248
72 567
69 302
64 499
Living cost
50 738
50 738
50 738
50 738
Free-cash
12 510
21 829
18 564
13 761

Estimated living cost  is ₽50738 per week

₽38061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54824
₽34739
₽36731
₽51853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
26 323
other
-
-
-
-
surtax
-
-
-
3 606
unemployment
-
-
-
213
health
-
-
-
8 556
pensions
-
-
-
24 100
total
-
-
-
62 798
Employee
31 442
-
99 547
-
other
-
-
-
-
unemployment
2 188
-
6 928
-
pensions
2 098
-
6 641
-
surtax
112
-
3 292
-
income
5 271
-
24 436
-
health
803
-
2 539
-
total
10 472
-
43 836
-
Employer
31 442
-
99 547
-
health
1 430
-
4 529
-
pensions
4 192
-
13 269
-
unemployment
998
-
3 156
-
other
-
-
-
-
total
6 620
-
20 954
-
Corporate
82 439
120 500
-
-
income
21 433
31 330
-
-
total
21 433
31 330
-
-
Dividends
61 005
89 170
-
-
withholding
9 151
13 375
-
-
total
9 151
13 375
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 676
44 705
64 790
62 798
After tax
72 824
75 795
55 710
57 702
Living cost
20 971
20 971
20 971
20 971
Free-cash
51 853
54 824
34 739
36 731

Estimated living cost  is ₽20971 per week

₽12661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1823
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.
₽6001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38185
₽28625
₽34331
₽36115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 992
regional
-
-
-
1 817
municipal
-
-
-
716
national
-
-
-
27 493
total
-
-
-
61 018
Employee
51 791
-
120 500
-
municipal
275
-
640
-
national
8 205
-
23 830
-
regional
697
-
1 622
-
social contributions
17 464
-
40 632
-
total
26 641
-
66 724
-
Employer
51 791
-
120 500
-
total
-
-
-
-
Corporate
68 709
120 500
-
-
municipal
3 414
5 989
-
-
nationa
16 490
28 921
-
-
total
19 904
34 910
-
-
Dividends
48 805
85 591
-
-
withholding
12 689
22 254
-
-
total
12 689
22 254
-
-
Income
120 500
120 500
120 500
120 500
Total tax
59 234
57 164
66 724
61 018
After tax
61 266
63 336
53 776
59 482
Living cost
25 151
25 151
25 151
25 151
Free-cash
36 115
38 185
28 625
34 331

Estimated living cost  is ₽25151 per week

₽15641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54850
₽33036
₽32578
₽44821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 710
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
-
health
-
-
-
16 268
total
-
-
-
59 808
Employee
41 344
-
89 925
-
solidarity contribution
-
-
-
-
social contributions
2 687
-
5 845
-
income
4 961
-
10 791
-
health
5 581
-
12 140
-
total
13 229
-
28 776
-
Employer
41 344
-
89 925
-
health
3 721
-
8 093
-
social contributions
10 336
-
22 481
-
total
14 057
-
30 574
-
Corporate
65 099
120 500
-
-
income
12 369
22 895
-
-
total
12 369
22 895
-
-
Dividends
52 730
97 605
-
-
withholding
7 910
14 641
-
-
total
7 910
14 641
-
-
Income
120 500
120 500
120 500
120 500
Total tax
47 565
37 536
59 350
59 808
After tax
72 935
82 964
61 150
60 692
Living cost
28 114
28 114
28 114
28 114
Free-cash
44 821
54 850
33 036
32 578

Estimated living cost  is ₽28114 per week

₽20907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1557
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.
₽5163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37407
₽3314
₽30919
₽36943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 064
surtax
-
-
-
-
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
482
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
59 794
Employee
40 813
37 207
93 571
-
other
408
372
935
-
unemployment
1 224
1 116
2 806
-
pensions
4 180
3 809
9 582
-
income
3 636
2 744
21 020
-
health
1 579
1 440
3 622
-
total
11 027
9 481
37 965
-
Employer
40 813
37 207
93 571
-
chamber of commerce
163
149
374
-
health
1 543
1 407
3 536
-
pensions
5 122
4 670
11 743
-
accident
530
484
1 217
-
unemployment
1 224
1 116
2 806
-
surtax
-
-
-
-
payroll
1 224
1 116
2 806
-
other
1 938
1 766
4 445
-
total
11 744
10 708
26 927
-
Corporate
67 942
72 584
90 027
-
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.

16 986
18 147
22 507
-
total
16 986
18 147
22 507
-
Dividends
50 956
54 437
-
-
withholding
14 013
14 970
-
-
total
14 013
14 970
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 770
53 306
87 399
59 794
After tax
66 730
67 194
33 101
60 706
Living cost
29 787
29 787
29 787
29 787
Free-cash
36 943
37 407
3 314
30 919

Estimated living cost  is ₽29787 per week

₽17868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102751
₽84676
₽107571
₽100553
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
microenterprise

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

-
-
-
1 205
total
-
-
-
1 205
Employee
14 655
-
120 500
-
income
2 931
-
24 100
-
total
2 931
-
24 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

105 845
120 500
-
-
total
-
-
-
-
Dividends
105 845
120 500
-
-
withholding
5 292
6 025
-
-
total
5 292
6 025
-
-
Income
120 500
120 500
120 500
120 500
Total tax
8 223
6 025
24 100
1 205
After tax
112 277
114 475
96 400
119 295
Living cost
11 724
11 724
11 724
11 724
Free-cash
100 553
102 751
84 676
107 571

Estimated living cost  is ₽11724 per week

₽7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57922
₽32658
₽36040
₽50112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 373
unemployment
-
-
-
181
health
-
-
-
11 857
pensions
-
-
-
22 006
total
-
-
-
59 417
Employee

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

41 286
-
104 267
-
unemployment
58
-
145
-
pensions
6 400
-
16 162
-
income
7 120
-
23 523
-
health
2 667
-
6 736
-
total
16 245
-
46 566
-
Employer

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

41 286
-
104 267
-
health
2 750
-
6 944
-
pensions
3 653
-
9 227
-
unemployment
25
-
62
-
total
6 428
-
16 233
-
Corporate
72 786
120 500
-
-
income
13 829
22 895
-
-
total
13 829
22 895
-
-
Dividends
58 957
97 605
-
-
withholding
8 843
14 640
-
-
total
8 843
14 640
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 345
37 535
62 799
59 417
After tax
75 155
82 965
57 701
61 083
Living cost
25 043
25 043
25 043
25 043
Free-cash
50 112
57 922
32 658
36 040

Estimated living cost  is ₽25043 per week

₽17186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33427
₽68455
₽43390
-₽17328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
57 190
-
-
-
social contributions
4 690
-
668
-
income
12 615
-
-
-
total
17 305
-
668
-
Employer
57 190
-
-
-
social contributions
80 638
-
11 492
-
total
80 638
-
11 492
-
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
97 943
47 188
12 160
37 225
After tax
22 557
73 312
108 340
83 275
Living cost
39 885
39 885
39 885
39 885
Free-cash
-17 328
33 427
68 455
43 390

Estimated living cost  is ₽39885 per week

₽25879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39254
₽28934
₽36725
₽38313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 615
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 489
Employee
42 941
-
97 373
-
surtax
-
-
-
-
social contributions
4 724
-
10 710
-
income
8 932
-
28 445
-
total
13 656
-
39 155
-
Employer
42 941
-
97 373
-
social contributions
10 198
-
23 125
-
total
10 198
-
23 125
-
Corporate
67 361
120 500
-
-
income
14 146
25 305
-
-
surtax
-
-
-
-
total
14 146
25 305
-
-
Dividends
53 215
95 195
-
-
withholding
14 901
26 655
-
-
total
14 901
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 901
51 960
62 280
54 489
After tax
67 599
68 540
58 220
66 011
Living cost
29 286
29 286
29 286
29 286
Free-cash
38 313
39 254
28 934
36 725

Estimated living cost  is ₽29286 per week

₽21912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15636
₽26048
₽23522
₽22055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 315
other
-
-
-
3 735
surtax
-
-
-
-
social contributions
-
-
-
3 434
health
-
-
-
3 723
pensions
-
-
-
25 677
total
-
-
-
51 884
Employee
58 476
-
95 810
-
pensions
6 614
-
5 595
-
surtax
-
-
-
-
social contributions
1 665
-
2 730
-
income
5 102
-
16 344
-
total
13 381
-
24 669
-
Employer
58 476
-
95 810
-
health
4 093
-
7 604
-
pensions
9 608
-
9 612
-
unemployment
2 369
-
3 880
-
social contributions
175
-
287
-
other
2 018
-
3 306
-
total
18 263
-
24 689
-
Corporate
43 760
120 500
-
-
income
12 254
33 740
-
-
surtax
-
-
-
-
total
12 254
33 740
-
-
Dividends
31 506
86 760
-
-
surtax
-
-
-
-
social contributions
5 420
14 924
-
-
withholding
4 033
11 106
-
-
total
9 453
26 030
-
-
Income
120 500
120 500
120 500
120 500
Total tax
53 351
59 770
49 358
51 884
After tax
67 149
60 730
71 142
68 616
Living cost
45 094
45 094
45 094
45 094
Free-cash
22 055
15 636
26 048
23 522

Estimated living cost  is ₽45094 per week

₽30519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80385
₽65396
₽62196
₽77248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 730
social contributions
-
-
-
26 509
total
-
-
-
30 239
Employee
30 016
-
104 329
-
income
-
-
4 086
-
social contributions
1 951
-
6 782
-
total
1 951
-
10 868
-
Employer
30 016
-
104 329
-
social contributions
4 653
-
16 171
-
total
4 653
-
16 171
-
Corporate
85 831
120 500
-
-
income
8 583
12 050
-
-
total
8 583
12 050
-
-
Dividends
77 249
108 450
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
15 187
12 050
27 039
30 239
After tax
105 313
108 450
93 461
90 261
Living cost
28 065
28 065
28 065
28 065
Free-cash
77 248
80 385
65 396
62 196

Estimated living cost  is ₽28065 per week

₽18147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2116
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.
₽7275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽82933
-₽82933
₽28307
-₽82933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 575
municipal
-
-
-
23 795
national
-
-
-
13 047
pensions
-
-
-
809
total
-
-
-
47 226
Employee
189 796
189 796
189 796
-
municipal
40 416
40 416
40 416
-
labour market
15 162
15 162
15 162
-
pensions
270
270
270
-
national
23 187
23 187
23 187
-
total
79 035
79 035
79 035
-
Employer
189 796
189 796
189 796
-
national
23 227
23 227
23 227
-
labour market
15 184
15 184
15 184
-
pensions
540
540
540
-
municipal
40 480
40 480
40 480
-
total
79 431
79 431
79 431
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
120 500
120 500
120 500
120 500
Total tax
158 466
158 466
158 466
47 226
After tax
-37 966
-37 966
-37 966
73 274
Living cost
44 967
44 967
44 967
44 967
Free-cash
-82 933
-82 933
-82 933
28 307

Estimated living cost  is ₽44967 per week

₽30776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽692
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽10773
₽43292
₽62009
₽6611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
31 361
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
37 958
Employee
32 300
-
105 708
-
pensions
3 637
-
7 227
-
income
4 431
-
22 553
-
health
3 699
-
12 104
-
total
11 767
-
41 884
-
Employer
32 300
-
105 708
-
pensions
5 252
-
10 436
-
accident
539
-
1 765
-
unemployment
791
-
2 590
-
total
6 582
-
14 791
-
Corporate
81 618
120 500
-
-
income

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

73 456
108 450
-
-
total
73 456
108 450
-
-
Dividends
8 162
12 050
-
-
withholding
1 551
2 290
-
-
total
1 551
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
93 356
110 740
56 675
37 958
After tax
27 144
9 760
63 825
82 542
Living cost
20 533
20 533
20 533
20 533
Free-cash
6 611
-10 773
43 292
62 009

Estimated living cost  is ₽20533 per week

₽14946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42203
₽30161
₽46685
₽42616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 465
municipal
-
-
-
21 426
national
-
-
-
15 079
total
-
-
-
37 970
Employee
49 121
-
101 370
-
municipal
8 046
-
16 531
-
unemployment
737
-
1 520
-
pensions
3 315
-
6 843
-
national
811
-
9 300
-
health
367
-
1 171
-
total
13 276
-
35 365
-
Employer
49 121
-
101 370
-
health
377
-
781
-
pensions
8 522
-
17 588
-
accident
50
-
101
-
unemployment
319
-
659
-
total
9 268
-
19 129
-
Corporate
62 110
120 500
-
-
income
12 422
24 100
-
-
total
12 422
24 100
-
-
Dividends

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

37 266
72 300
-
-
municipal
6 708
13 014
-
-
national
365
5 338
-
-
total
7 073
18 352
-
-
Income
120 500
120 500
120 500
120 500
Total tax
42 039
42 452
54 494
37 970
After tax
78 461
78 048
66 006
82 530
Living cost
35 845
35 845
35 845
35 845
Free-cash
42 616
42 203
30 161
46 685

Estimated living cost  is ₽35845 per week

₽23414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66434
₽61477
₽62748
₽61353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
17 957
social contributions
-
-
-
15 106
health
-
-
-
3 072
total
-
-
-
36 135
Employee
71 793
71 793
110 420
-
social contributions
2 714
5 958
8 037
-
income
7 817
6 646
17 413
-
health
556
1 221
1 876
-
total
11 087
13 825
27 326
-
Employer
71 793
71 793
110 420
-
health
604
1 329
2 043
-
social contributions
2 714
5 958
8 037
-
total
3 318
7 287
10 080
-
Corporate
84 477
41 419
-
-
income
10 560
5 177
-
-
total
10 560
5 177
-
-
Dividends
73 917
36 242
-
-
withholding
12 565
6 160
-
-
total
12 565
6 160
-
-
Income
120 500
120 500
120 500
120 500
Total tax
37 530
32 449
37 406
36 135
After tax
82 970
88 051
83 094
84 365
Living cost
21 617
21 617
21 617
21 617
Free-cash
61 353
66 434
61 477
62 748

Estimated living cost  is ₽21617 per week

₽12955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84962
₽65709
₽84433
₽80214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 898
unemployment
-
-
-
27
health
-
-
-
3 379
pensions
-
-
-
5 939
total
-
-
-
21 243
Employee

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

21 431
-
111 375
-
unemployment
106
-
443
-
pensions
3 214
-
13 288
-
income
1 465
-
9 582
-
health
1 821
-
7 530
-
total
6 606
-
30 843
-
Employer

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

21 431
-
111 375
-
health
921
-
3 809
-
pensions
1 178
-
4 872
-
unemployment
106
-
443
-
total
2 205
-
9 124
-
Corporate
96 864
120 500
-
-
income
8 717
10 845
-
-
total
8 717
10 845
-
-
Dividends
88 146
109 655
-
-
withholding
7 934
9 869
-
-
total
7 934
9 869
-
-
Income
120 500
120 500
120 500
120 500
Total tax
25 462
20 714
39 967
21 243
After tax
95 038
99 786
80 533
99 257
Living cost
14 824
14 824
14 824
14 824
Free-cash
80 214
84 962
65 709
84 433

Estimated living cost  is ₽14824 per week

₽9458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55177
₽37014
₽41501
₽50557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
27 362
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
53 325
Employee
34 523
-
92 912
-
other
34
-
87
-
unemployment
535
-
1 341
-
pensions
1 623
-
4 068
-
income
6 656
-
24 728
-
total
8 848
-
30 224
-
Employer
34 523
-
92 912
-
pensions
8 147
-
20 423
-
accident
684
-
1 713
-
unemployment
1 899
-
4 759
-
other
276
-
693
-
total
11 006
-
27 588
-
Corporate
74 971
120 500
-
-
income

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

11 245
18 076
-
-
total
11 245
18 076
-
-
Dividends
63 726
102 424
-
-
withholding
13 170
21 573
-
-
total
13 170
21 573
-
-
Income
120 500
120 500
120 500
120 500
Total tax
44 269
39 649
57 812
53 325
After tax
76 231
80 851
62 688
67 175
Living cost
25 674
25 674
25 674
25 674
Free-cash
50 557
55 177
37 014
41 501

Estimated living cost  is ₽25674 per week

₽17330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73301
₽75188
₽75324
₽72989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40 906
health
-
-
-
1 000
pensions
-
-
-
1 379
total
-
-
-
43 285
Employee
2 880
-
118 948
-
unemployment
29
-
69
-
pensions
259
-
621
-
income
557
-
40 834
-
health
144
-
345
-
total
989
-
41 869
-
Employer
2 880
-
118 948
-
health
274
-
655
-
pensions
317
-
759
-
unemployment
58
-
138
-
total
649
-
1 552
-
Corporate
116 972
120 500
-
-
income
25 734
26 510
-
-
total
25 734
26 510
-
-
Dividends
91 238
93 990
-
-
withholding
18 248
18 798
-
-
total
18 248
18 798
-
-
Income
120 500
120 500
120 500
120 500
Total tax
45 620
45 308
43 421
43 285
After tax
74 880
75 192
77 079
77 215
Living cost
1 891
1 891
1 891
1 891
Free-cash
72 989
73 301
75 188
75 324

Estimated living cost  is ₽1891 per week

₽1124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70914
₽52046
₽52046
₽66320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
120 500
income
-
-
-
26 225
unemployment
-
-
-
1 035
health
-
-
-
7 107
pensions
-
-
-
17 940
total
-
-
-
52 307
Employee

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

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

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

24 348
-
108 149
-
unemployment
183
-
517
-
pensions
3 409
-
9 660
-
income
3 356
-
26 225
-
health
1 254
-
3 554
-
total
8 202
-
39 956
-
Employer

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

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

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

24 348
-
108 149
-
health
1 254
-
3 554
-
pensions
2 922
-
8 280
-
unemployment
183
-
517
-
total
4 359
-
12 351
-
Corporate
91 794
120 500
-
-
income
13 769
18 075
-
-
total
13 769
18 075
-
-
Dividends
78 025
102 425
-
-
withholding
11 704
15 364
-
-
total
11 704
15 364
-
-
Income
120 500
120 500
120 500
120 500
Total tax
38 034
33 439
52 307
52 307
After tax
82 466
87 061
68 193
68 193
Living cost
16 147
16 147
16 147
16 147
Free-cash
66 320
70 914
52 046
52 046

Estimated living cost  is ₽16147 per week

₽10871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43369
₽33049
₽40840
₽43031
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 615
surtax
-
-
-
-
social contributions

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

-
-
-
41 874
total
-
-
-
54 489
Employee
36 237
-
97 373
-
surtax
-
-
-
-
social contributions
3 987
-
10 710
-
income
7 081
-
28 445
-
total
11 068
-
39 155
-
Employer
36 237
-
97 373
-
social contributions
8 606
-
23 125
-
total
8 606
-
23 125
-
Corporate
75 657
120 500
-
-
income
15 888
25 305
-
-
surtax
-
-
-
-
total
15 888
25 305
-
-
Dividends
59 770
95 195
-
-
withholding
16 736
26 655
-
-
total
16 736
26 655
-
-
Income
120 500
120 500
120 500
120 500
Total tax
52 298
51 960
62 280
54 489
After tax
68 202
68 540
58 220
66 011
Living cost
25 171
25 171
25 171
25 171
Free-cash
43 031
43 369
33 049
40 840

Estimated living cost  is ₽25171 per week

₽17828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48038
₽29875
₽34362
₽41196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
27 362
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
53 325
Employee
45 091
-
92 912
-
other
44
-
87
-
unemployment
698
-
1 341
-
pensions
2 119
-
4 068
-
income
9 418
-
24 728
-
total
12 279
-
30 224
-
Employer
45 091
-
92 912
-
pensions
10 641
-
20 423
-
accident
893
-
1 713
-
unemployment
2 480
-
4 759
-
other
361
-
693
-
total
14 375
-
27 588
-
Corporate
61 033
120 500
-
-
income

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

9 155
18 076
-
-
total
9 155
18 076
-
-
Dividends
51 878
102 424
-
-
withholding
10 682
21 573
-
-
total
10 682
21 573
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 491
39 649
57 812
53 325
After tax
74 009
80 851
62 688
67 175
Living cost
32 813
32 813
32 813
32 813
Free-cash
41 196
48 038
29 875
34 362

Estimated living cost  is ₽32813 per week

₽23565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86964
₽81901
₽77652
₽81270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
26 784
Employee
21 272
-
114 100
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

1 867
-
2 864
-
income
2 128
-
11 410
-
health
979
-
1 501
-
total
5 208
-
16 134
-
Employer
21 272
-
114 100
-
health
1 468
-
2 251
-
pensions

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

2 344
-
3 595
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
unemployment
128
-
196
-
total
4 174
-
6 401
-
Corporate
95 055
120 500
-
-
income
9 506
12 050
-
-
total
9 506
12 050
-
-
Dividends
85 549
108 450
-
-
withholding
4 278
5 422
-
-
total
4 278
5 422
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 166
17 472
22 535
26 784
After tax
97 334
103 028
97 965
93 716
Living cost
16 064
16 064
16 064
16 064
Free-cash
81 270
86 964
81 901
77 652

Estimated living cost  is ₽16064 per week

₽10625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26040
₽43921
₽32858
₽38256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
120 500
income

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

-
-
-
32 374
surtax

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

-
-
-
1 781
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.

-
-
-
6 378
trade
-
-
-
11 063
total
-
-
-
51 596
Employee

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

46 455
-
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.

211
-
1 781
-
income

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

3 820
-
32 374
-
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.

6 378
-
6 378
-
total
10 409
-
40 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 045
120 500
-
-
income
11 107
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.

611
994
-
-
chamber of commerce
250
319
-
-
trade
10 625
17 293
-
-
total
22 593
36 682
-
-
Dividends
51 451
83 819
-
-
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.

687
1 132
-
-
withholding
12 509
20 600
-
-
total
13 196
21 732
-
-
Income
120 500
120 500
120 500
120 500
Total tax
46 198
58 414
40 533
51 596
After tax
74 302
62 086
79 967
68 904
Living cost
36 046
36 046
36 046
36 046
Free-cash
38 256
26 040
43 921
32 858

Estimated living cost  is ₽36046 per week

₽24865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31165
₽23261
₽23261
₽33227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
32 767
social contributions
-
-
-
11 287
total
-
-
-
44 054
Employee
73 032
-
120 500
-
income
13 781
-
32 767
-
social contributions
6 067
-
11 287
-
total
19 848
-
44 054
-
Employer
73 032
-
120 500
-
total
-
-
-
-
Corporate
47 468
120 500
-
-
income
5 934
15 062
-
-
total
5 934
15 062
-
-
Dividends
41 534
105 438
-
-
withholding
8 306
21 088
-
-
total
8 306
21 088
-
-
Income
120 500
120 500
120 500
120 500
Total tax
34 088
36 150
44 054
44 054
After tax
86 412
84 350
76 446
76 446
Living cost
53 185
53 185
53 185
53 185
Free-cash
33 227
31 165
23 261
23 261

Estimated living cost  is ₽53185 per week

₽40462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₽39500
₽54468
₽54374
₽42764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
120 500
income
-
-
-
26 577
health

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

-
-
-
5 657
total
-
-
-
32 234
Employee
42 830
-
116 205
-
income
4 647
-
23 550
-
social contributions
4 291
-
4 295
-
total
8 938
-
27 845
-
Employer
42 830
-
116 205
-
social contributions
4 291
-
4 295
-
total
4 291
-
4 295
-
Corporate
73 378
120 500
-
-
income
25 682
42 175
-
-
total
25 682
42 175
-
-
Dividends
47 696
78 325
-
-
social contributions
4 933
4 933
-
-
total
4 933
4 933
-
-
Income
120 500
120 500
120 500
120 500
Total tax
43 844
47 108
32 140
32 234
After tax
76 656
73 392
88 360
88 266
Living cost
33 892
33 892
33 892
33 892
Free-cash
42 764
39 500
54 468
54 374

Estimated living cost  is ₽33892 per week

₽22324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48863
₽37276
₽48430
₽50160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
120 500
income
-
-
-
29 694
pensions
-
-
-
7 543
total
-
-
-
37 237
Employee
47 813
-
105 678
-
pensions
3 649
-
9 606
-
income
8 707
-
22 257
-
health
624
-
1 706
-
total
12 980
-
33 569
-
Employer
47 813
-
105 678
-
health
909
-
2 007
-
pensions
4 831
-
12 815
-
total
5 740
-
14 822
-
Corporate
66 948
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.

12 720
22 895
-
-
total
12 720
22 895
-
-
Dividends
54 228
97 605
-
-
withholding
4 067
13 909
-
-
total
4 067
13 909
-
-
Income
120 500
120 500
120 500
120 500
Total tax
35 507
36 804
48 391
37 237
After tax
84 993
83 696
72 109
83 263
Living cost
34 833
34 833
34 833
34 833
Free-cash
50 160
48 863
37 276
48 430

Estimated living cost  is ₽34833 per week

₽23895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3203
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽12806
₽41259
₽59976
₽6298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
31 361
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
37 958
Employee
35 497
-
105 708
-
pensions
3 997
-
7 227
-
income
4 870
-
22 553
-
health
4 064
-
12 104
-
total
12 931
-
41 884
-
Employer
35 497
-
105 708
-
pensions
5 772
-
10 436
-
accident
593
-
1 765
-
unemployment
870
-
2 590
-
total
7 235
-
14 791
-
Corporate
77 769
120 500
-
-
income

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

69 992
108 450
-
-
total
69 992
108 450
-
-
Dividends
7 777
12 050
-
-
withholding
1 478
2 290
-
-
total
1 478
2 290
-
-
Income
120 500
120 500
120 500
120 500
Total tax
91 636
110 740
56 675
37 958
After tax
28 864
9 760
63 825
82 542
Living cost
22 566
22 566
22 566
22 566
Free-cash
6 298
-12 806
41 259
59 976

Estimated living cost  is ₽22566 per week

₽16561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88788
₽68152
₽55548
₽84420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 202
unemployment
-
-
-
1 446
work injury
-
-
-
602
health insurance
-
-
-
8 917
pensions
-
-
-
22 172
total
-
-
-
52 339
Employee

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

20 181
-
120 500
-
health insurance
1 493
-
5 525
-
unemployment
242
-
896
-
work injury
101
-
373
-
pensions
3 713
-
13 739
-
income
2 018
-
19 202
-
total
7 567
-
39 735
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
100 319
120 500
-
-
income

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

1 003
1 205
-
-
total
1 003
1 205
-
-
Dividends
99 316
119 295
-
-
withholding
14 897
17 894
-
-
total
14 897
17 894
-
-
Income
120 500
120 500
120 500
120 500
Total tax
23 467
19 099
39 735
52 339
After tax
97 033
101 401
80 765
68 161
Living cost
12 613
12 613
12 613
12 613
Free-cash
84 420
88 788
68 152
55 548

Estimated living cost  is ₽12613 per week

₽7814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26276
₽15848
₽21358
₽22030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 992
regional
-
-
-
2 657
municipal
-
-
-
806
national
-
-
-
27 493
total
-
-
-
61 948
Employee
78 675
-
120 500
-
municipal
470
-
719
-
national
13 295
-
23 830
-
regional
1 188
-
2 277
-
social contributions
26 529
-
40 632
-
total
41 482
-
67 458
-
Employer
78 675
-
120 500
-
total
-
-
-
-
Corporate
41 825
120 500
-
-
municipal
2 016
5 808
-
-
nationa
10 037
28 921
-
-
total
12 053
34 729
-
-
Dividends
29 771
85 771
-
-
withholding
7 741
22 301
-
-
total
7 741
22 301
-
-
Income
120 500
120 500
120 500
120 500
Total tax
61 276
57 030
67 458
61 948
After tax
59 224
63 470
53 042
58 552
Living cost
37 194
37 194
37 194
37 194
Free-cash
22 030
26 276
15 848
21 358

Estimated living cost  is ₽37194 per week

₽26127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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