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
₽ 122000
per

Your estimated
City
free-cash

Dresden , Germany
₽30885
₽42110
₽39396
₽51180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
trade
-
-
-
11 784
income

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

-
-
-
31 416
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.

-
-
-
6 934
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.

-
-
-
1 728
total
-
-
-
51 862
Employee

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

38 820
-
122 000
-
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.

6 934
-
6 934
-
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.

60
-
1 728
-
income

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

1 084
-
31 416
-
total
8 078
-
40 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 180
122 000
-
-
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.

686
1 007
-
-
income
12 477
18 299
-
-
trade
13 101
19 214
-
-
chamber of commerce
274
329
-
-
total
26 538
38 849
-
-
Dividends
56 643
83 149
-
-
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.

757
1 123
-
-
withholding
13 775
20 401
-
-
total
14 532
21 524
-
-
Income
122 000
122 000
122 000
122 000
Total tax
49 148
60 373
40 078
51 862
After tax
72 852
61 627
81 922
70 138
Living cost
30 742
30 742
30 742
30 742
Free-cash
42 110
30 885
51 180
39 396

Estimated living cost  is ₽30742 per week

₽19338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24980
₽24129
₽21832
₽22788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
12 970
pensions
-
-
-
14 640
national
-
-
-
20 099
social contributions
-
-
-
1 311
total
-
-
-
49 020
Employee
79 289
-
105 468
-
municipal
9 793
-
13 443
-
pensions
3 172
-
4 219
-
national
15 176
-
20 831
-
total
28 141
-
38 493
-
Employer
79 289
-
105 468
-
social contributions
852
-
1 134
-
pensions
6 343
-
8 437
-
total
7 195
-
9 571
-
Corporate
30 283
122 000
-
-
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%.

6 057
24 400
-
-
total
6 057
24 400
-
-
Dividends
24 226
97 600
-
-
withholding
5 330
21 472
-
-
total
5 330
21 472
-
-
Income
122 000
122 000
122 000
122 000
Total tax
46 723
45 872
48 064
49 020
After tax
75 277
76 128
73 936
72 980
Living cost
51 148
51 148
51 148
51 148
Free-cash
24 129
24 980
22 788
21 832

Estimated living cost  is ₽51148 per week

₽34765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4755
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽766
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76486
₽68159
₽12928
₽47416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
microenterprise
-
-
-
-
income
-
-
-
17 960
surtax
-
-
-
31 110
social contributions

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

-
-
-
38 887
total
-
-
-
87 957
Employee
29 657
-
98 315
-
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.

3 263
-
10 815
-
surtax
-
-
-
-
income
5 279
-
18 969
-
total
8 542
-
29 784
-
Employer
29 657
-
98 315
-
social contributions

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

7 144
-
23 685
-
surtax
-
-
-
-
total
7 144
-
23 685
-
Corporate
85 199
122 000
-
-
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%.

17 040
24 399
-
-
total
17 040
24 399
-
-
Dividends

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

68 159
97 601
-
-
total
-
-
-
-
Income
122 000
122 000
122 000
122 000
Total tax
32 726
24 399
53 469
87 957
After tax
89 274
97 601
68 531
34 043
Living cost
21 115
21 115
21 115
21 115
Free-cash
68 159
76 486
47 416
12 928

Estimated living cost  is ₽21115 per week

₽13471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₽17039
₽10819
₽27429
₽22933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
27 646
pensions
-
-
-
11 891
health
-
-
-
12 516
total
-
-
-
52 053
Employee
86 673
86 673
103 820
-
health
13 303
11 316
12 292
-
income

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

14 187
14 187
14 187
-
pensions
15 601
11 891
11 891
-
total
43 091
37 394
38 370
-
Employer
86 673
86 673
103 820
-
unemployment
3 120
3 120
3 737
-
pensions
6 032
6 032
7 227
-
health
6 025
6 025
7 215
-
total
15 177
15 177
18 179
-
Corporate
21 213
20 150
-
-
income
4 243
4 029
-
-
total
4 243
4 029
-
-
Dividends
16 970
16 121
-
-
income
3 606
3 426
-
-
withholding
2 546
2 417
-
-
total
6 152
5 843
-
-
Income
122 000
122 000
122 000
122 000
Total tax
68 663
62 443
56 549
52 053
After tax
53 337
59 557
65 451
69 947
Living cost
42 518
42 518
42 518
42 518
Free-cash
10 819
17 039
22 933
27 429

Estimated living cost  is ₽42518 per week

₽30131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽676
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27474
₽26596
₽25812
₽24757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
28 970
accident
-
-
-
171
pensions
-
-
-
9 272
other
-
-
-
9 967
unemployment
-
-
-
86
health
-
-
-
5 352
national
-
-
-
3 232
total
-
-
-
57 050
Employee
55 768
-
95 049
-
municipal
16 630
-
28 344
-
national
-
-
2 812
-
total
16 630
-
31 156
-
Employer
55 768
-
95 049
-
accident
112
-
171
-
other
6 480
-
9 967
-
unemployment
1 472
-
2 264
-
pensions
6 028
-
9 272
-
health
3 430
-
5 275
-
total
17 522
-
26 949
-
Corporate
48 710
122 000
-
-
income
10 716
26 840
-
-
total
10 716
26 840
-
-
Dividends
37 994
95 160
-
-
withholding
11 398
28 548
-
-
total
11 398
28 548
-
-
Income
122 000
122 000
122 000
122 000
Total tax
56 266
55 388
58 105
57 050
After tax
65 734
66 612
63 895
64 950
Living cost
39 138
39 138
39 138
39 138
Free-cash
26 596
27 474
24 757
25 812

Estimated living cost  is ₽39138 per week

₽25939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3841
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.
₽8764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21126
₽35386
₽29745
₽42051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
trade
-
-
-
12 306
income

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

-
-
-
31 416
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.

-
-
-
6 934
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.

-
-
-
1 728
total
-
-
-
52 384
Employee

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

51 470
-
122 000
-
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.

6 934
-
6 934
-
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.

243
-
1 728
-
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.

4 422
-
31 416
-
total
11 599
-
40 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 530
122 000
-
-
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.

582
1 007
-
-
income
10 580
18 299
-
-
trade
11 603
20 070
-
-
chamber of commerce
254
327
-
-
total
23 019
39 703
-
-
Dividends
47 511
82 296
-
-
surtax

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

632
1 111
-
-
withholding
11 493
20 189
-
-
total
12 125
21 300
-
-
Income
122 000
122 000
122 000
122 000
Total tax
46 743
61 003
40 078
52 384
After tax
75 257
60 997
81 922
69 616
Living cost
39 871
39 871
39 871
39 871
Free-cash
35 386
21 126
42 051
29 745

Estimated living cost  is ₽39871 per week

₽26666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4205
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽595
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56264
₽52056
₽52655
₽51333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
16 892
health
-
-
-
3 111
social contributions
-
-
-
16 422
total
-
-
-
36 425
Employee
78 045
78 045
111 206
-
social contributions
3 792
6 477
8 737
-
health
776
1 327
1 891
-
income
8 195
7 225
16 325
-
total
12 763
15 029
26 953
-
Employer
78 045
78 045
111 206
-
social contributions
3 792
6 477
8 737
-
health
846
1 445
2 057
-
total
4 638
7 922
10 794
-
Corporate
71 678
36 033
-
-
income
8 960
4 505
-
-
total
8 960
4 505
-
-
Dividends
62 718
31 528
-
-
withholding
10 663
5 360
-
-
total
10 663
5 360
-
-
Income
122 000
122 000
122 000
122 000
Total tax
37 024
32 816
37 747
36 425
After tax
84 976
89 184
84 253
85 575
Living cost
32 920
32 920
32 920
32 920
Free-cash
52 056
56 264
51 333
52 655

Estimated living cost  is ₽32920 per week

₽22504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50175
₽50560
₽66036
₽52246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
14 915
pensions
-
-
-
12 200
unemployment
-
-
-
1 830
health
-
-
-
8 540
total
-
-
-
37 485
Employee

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

The minimum wage is 138,000 HUF per month.

26 675
10 616
102 092
-
health
1 867
743
7 146
-
income
3 261
1 298
12 481
-
pensions
2 667
1 062
10 209
-
unemployment
400
159
1 531
-
total
8 195
3 262
31 367
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 675
10 616
102 092
-
pensions
5 202
2 070
19 908
-
total
5 202
2 070
19 908
-
Corporate
90 124
109 314
-
-
income
8 111
9 838
-
-
total
8 111
9 838
-
-
Dividends
82 013
99 475
-
-
social contributions
15 871
19 276
-
-
withholding
15 582
18 900
-
-
total
31 453
38 176
-
-
Income
122 000
122 000
122 000
122 000
Total tax
52 961
53 346
51 275
37 485
After tax
69 039
68 654
70 725
84 515
Living cost
18 479
18 479
18 479
18 479
Free-cash
50 560
50 175
52 246
66 036

Estimated living cost  is ₽18479 per week

₽12610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73086
₽66780
₽40877
₽45805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
16 348
pensions
-
-
-
24 401
health
-
-
-
15 859
total
-
-
-
56 608
Employee
28 793
-
91 179
-
income
3 242
-
17 579
-
pensions
576
-
1 824
-
unemployment
460
-
1 458
-
total
4 278
-
20 861
-
Employer
28 793
-
91 179
-
unemployment
231
-
730
-
pensions
5 759
-
18 236
-
health
3 742
-
11 853
-
total
9 732
-
30 819
-
Corporate
83 475
122 000
-
-
income
16 695
24 399
-
-
total
16 695
24 399
-
-
Dividends
66 780
97 601
-
-
total
-
-
-
-
Income
122 000
122 000
122 000
122 000
Total tax
30 705
24 399
51 680
56 608
After tax
91 295
97 601
70 320
65 392
Living cost
24 515
24 515
24 515
24 515
Free-cash
66 780
73 086
45 805
40 877

Estimated living cost  is ₽24515 per week

₽16815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12235
₽6489
₽61481
₽42216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
254
income
-
-
-
31 400
pensions
-
-
-
4 183
other
-
-
-
373
health
-
-
-
2 192
total
-
-
-
38 402
Employee
34 791
-
106 535
-
health
3 984
-
12 198
-
income
4 773
-
22 334
-
pensions
3 918
-
7 670
-
total
12 675
-
42 202
-
Employer
34 791
-
106 535
-
accident
581
-
1 779
-
unemployment
852
-
2 610
-
pensions
5 657
-
11 076
-
total
7 090
-
15 465
-
Corporate
80 119
122 000
-
-
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.

72 107
109 800
-
-
total
72 107
109 800
-
-
Dividends
8 012
12 200
-
-
withholding
1 522
2 318
-
-
total
1 522
2 318
-
-
Income
122 000
122 000
122 000
122 000
Total tax
93 394
112 118
57 667
38 402
After tax
28 606
9 882
64 333
83 598
Living cost
22 117
22 117
22 117
22 117
Free-cash
6 489
-12 235
42 216
61 481

Estimated living cost  is ₽22117 per week

₽16210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1225
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.
₽4221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₽106640
₽104904
₽111520
₽88340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
122 000
microenterprise

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

-
-
-
1 220
total
-
-
-
1 220
Employee
11 575
-
122 000
-
income
2 315
-
24 400
-
total
2 315
-
24 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

110 425
122 000
-
-
total
-
-
-
-
Dividends
110 425
122 000
-
-
withholding
5 521
6 100
-
-
total
5 521
6 100
-
-
Income
122 000
122 000
122 000
122 000
Total tax
7 836
6 100
24 400
1 220
After tax
114 164
115 900
97 600
120 780
Living cost
9 260
9 260
9 260
9 260
Free-cash
104 904
106 640
88 340
111 520

Estimated living cost  is ₽9260 per week

₽5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62589
₽55737
₽38416
₽43463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
16 094
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.

-
-
-
29 282
other
-
-
-
5 796
health
-
-
-
5 368
total
-
-
-
56 540
Employee
36 852
-
97 445
-
health
516
-
1 364
-
income
6 344
-
17 776
-
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.

2 579
-
6 822
-
unemployment
368
-
975
-
total
9 807
-
26 937
-
Employer
36 852
-
97 445
-
accident
295
-
780
-
other
1 843
-
4 871
-
unemployment
368
-
975
-
pensions

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

6 265
-
16 566
-
health
516
-
1 364
-
total
9 287
-
24 556
-
Corporate
75 861
122 000
-
-
income
15 930
25 620
-
-
total
15 930
25 620
-
-
Dividends
59 930
96 380
-
-
withholding
4 195
6 747
-
-
total
4 195
6 747
-
-
Income
122 000
122 000
122 000
122 000
Total tax
39 219
32 367
51 493
56 540
After tax
82 781
89 633
70 507
65 460
Living cost
27 044
27 044
27 044
27 044
Free-cash
55 737
62 589
43 463
38 416

Estimated living cost  is ₽27044 per week

₽19108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1826
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.
₽5674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17666
₽8856
₽16797
₽5433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
28 668
pensions
-
-
-
8 046
total
-
-
-
36 714
Employee
96 902
-
107 115
-
health
1 597
-
1 780
-
income
17 468
-
21 090
-
pensions
9 348
-
10 323
-
total
28 413
-
33 193
-
Employer
96 902
-
107 115
-
pensions
11 441
-
12 851
-
health
1 840
-
2 034
-
total
13 281
-
14 885
-
Corporate
11 816
122 000
-
-
income

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

2 244
23 180
-
-
total
2 244
23 180
-
-
Dividends
9 572
98 820
-
-
withholding
717
12 665
-
-
total
717
12 665
-
-
Income
122 000
122 000
122 000
122 000
Total tax
44 655
35 845
48 078
36 714
After tax
77 345
86 155
73 922
85 286
Living cost
68 489
68 489
68 489
68 489
Free-cash
8 856
17 666
5 433
16 797

Estimated living cost  is ₽68489 per week

₽51320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽8047
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽90997
₽86280
₽80917
₽85090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
18 300
pensions

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

-
-
-
5 249
unemployment
-
-
-
142
health
-
-
-
4 079
total
-
-
-
27 770
Employee
17 628
-
115 042
-
health
811
-
1 631
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
income
1 763
-
11 504
-
pensions

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

1 548
-
3 114
-
total
4 316
-
16 639
-
Employer
17 628
-
115 042
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
unemployment
105
-
213
-
pensions

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

1 943
-
3 908
-
health
1 217
-
2 447
-
total
3 459
-
6 958
-
Corporate
100 913
122 000
-
-
income
10 091
12 200
-
-
total
10 091
12 200
-
-
Dividends
90 822
109 800
-
-
withholding
4 541
5 490
-
-
total
4 541
5 490
-
-
Income
122 000
122 000
122 000
122 000
Total tax
22 407
17 690
23 597
27 770
After tax
99 593
104 310
98 403
94 230
Living cost
13 313
13 313
13 313
13 313
Free-cash
86 280
90 997
85 090
80 917

Estimated living cost  is ₽13313 per week

₽7772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3276
₽5828
₽13666
₽9170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
27 646
pensions
-
-
-
11 891
health
-
-
-
12 516
total
-
-
-
52 053
Employee
94 099
86 673
103 820
-
health
11 739
11 316
12 292
-
income

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

14 187
14 187
14 187
-
pensions
11 891
11 891
11 891
-
total
37 817
37 394
38 370
-
Employer
94 099
86 673
103 820
-
unemployment
3 388
3 120
3 737
-
pensions
6 549
6 032
7 227
-
health
6 539
6 025
7 215
-
total
16 476
15 177
18 179
-
Corporate
11 426
20 150
-
-
income
2 284
4 029
-
-
total
2 284
4 029
-
-
Dividends
9 141
16 121
-
-
income
1 943
3 426
-
-
withholding
1 371
2 417
-
-
total
3 314
5 843
-
-
Income
122 000
122 000
122 000
122 000
Total tax
59 891
62 443
56 549
52 053
After tax
62 109
59 557
65 451
69 947
Living cost
56 281
56 281
56 281
56 281
Free-cash
5 828
3 276
9 170
13 666

Estimated living cost  is ₽56281 per week

₽41516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽5027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽645
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59666
₽50987
₽35609
₽37580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
10 578
health
-
-
-
16 470
solidarity contribution
-
-
-
-
social contributions
-
-
-
35 012
total
-
-
-
62 060
Employee
35 781
-
91 045
-
social contributions
2 326
-
5 918
-
health
4 830
-
12 291
-
solidarity contribution
-
-
-
-
income
4 294
-
10 925
-
total
11 450
-
29 134
-
Employer
35 781
-
91 045
-
social contributions
8 945
-
22 761
-
health
3 220
-
8 194
-
total
12 165
-
30 955
-
Corporate
74 053
122 000
-
-
income
14 070
23 180
-
-
total
14 070
23 180
-
-
Dividends
59 983
98 820
-
-
withholding
8 997
14 823
-
-
total
8 997
14 823
-
-
Income
122 000
122 000
122 000
122 000
Total tax
46 682
38 003
60 089
62 060
After tax
75 318
83 997
61 911
59 940
Living cost
24 331
24 331
24 331
24 331
Free-cash
50 987
59 666
37 580
35 609

Estimated living cost  is ₽24331 per week

₽16901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22266
₽16966
₽18341
₽12533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
724
regional
-
-
-
1 383
national
-
-
-
27 348
social contributions
-
-
-
31 377
total
-
-
-
60 832
Employee
90 203
-
122 000
-
social contributions
30 416
-
41 139
-
regional
851
-
1 215
-
municipal
478
-
647
-
national
15 630
-
23 639
-
total
47 375
-
66 640
-
Employer
90 203
-
122 000
-
total
-
-
-
-
Corporate
31 797
122 000
-
-
nationa
7 631
29 280
-
-
municipal
1 240
4 757
-
-
total
8 871
34 037
-
-
Dividends
22 926
87 963
-
-
withholding
5 961
22 870
-
-
total
5 961
22 870
-
-
Income
122 000
122 000
122 000
122 000
Total tax
62 207
56 907
66 640
60 832
After tax
59 793
65 093
55 360
61 168
Living cost
42 827
42 827
42 827
42 827
Free-cash
16 966
22 266
12 533
18 341

Estimated living cost  is ₽42827 per week

₽29854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2808
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽657
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54341
₽51183
₽37217
₽35207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
25 665
pensions
-
-
-
24 399
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
8 663
surtax
-
-
-
3 428
total
-
-
-
62 386
Employee
33 564
-
100 784
-
other
-
-
-
-
health
857
-
2 569
-
surtax
110
-
3 113
-
income
5 626
-
23 762
-
pensions
2 238
-
6 722
-
unemployment
2 336
-
7 015
-
total
11 167
-
43 181
-
Employer
33 564
-
100 784
-
other
-
-
-
-
unemployment
1 063
-
3 195
-
pensions
4 474
-
13 434
-
health
1 527
-
4 586
-
total
7 064
-
21 215
-
Corporate
81 371
122 000
-
-
income
21 156
31 720
-
-
total
21 156
31 720
-
-
Dividends
60 216
90 280
-
-
withholding
9 033
13 542
-
-
total
9 033
13 542
-
-
Income
122 000
122 000
122 000
122 000
Total tax
48 420
45 262
64 396
62 386
After tax
73 580
76 738
57 604
59 614
Living cost
22 397
22 397
22 397
22 397
Free-cash
51 183
54 341
35 207
37 217

Estimated living cost  is ₽22397 per week

₽13694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39365
₽36559
₽38496
₽27132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
28 668
pensions
-
-
-
8 046
total
-
-
-
36 714
Employee
64 941
-
107 115
-
health
943
-
1 780
-
income
11 696
-
21 090
-
pensions
5 512
-
10 323
-
total
18 151
-
33 193
-
Employer
64 941
-
107 115
-
pensions
7 030
-
12 851
-
health
1 234
-
2 034
-
total
8 264
-
14 885
-
Corporate
48 795
122 000
-
-
income

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

9 272
23 180
-
-
total
9 272
23 180
-
-
Dividends
39 524
98 820
-
-
withholding
2 964
12 665
-
-
total
2 964
12 665
-
-
Income
122 000
122 000
122 000
122 000
Total tax
38 651
35 845
48 078
36 714
After tax
83 349
86 155
73 922
85 286
Living cost
46 790
46 790
46 790
46 790
Free-cash
36 559
39 365
27 132
38 496

Estimated living cost  is ₽46790 per week

₽35055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3507
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.
₽7738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽21554
₽11536
₽23565
₽17505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
city
-
-
-
1 285
pensions
-
-
-
11 223
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.

-
-
-
2 439
regional
-
-
-
4 758
health
-
-
-
274
national
-
-
-
1 114
total
-
-
-
21 093
Employee
90 510
-
109 195
-
city
971
-
1 174
-
regional
2 964
-
4 094
-
health
205
-
246
-
pensions
7 604
-
9 173
-
unemployment
-
-
-
-
national
428
-
864
-
total
12 172
-
15 551
-
Employer
90 510
-
109 195
-
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.

1 810
-
2 183
-
unemployment
-
-
-
-
pensions
7 604
-
9 173
-
health
205
-
246
-
total
9 619
-
11 602
-
Corporate
20 876
122 000
-
-
regional
4 416
25 804
-
-
national
1 774
10 369
-
-
total
6 190
36 173
-
-
Dividends
14 687
85 827
-
-
withholding
5 141
30 039
-
-
total
5 141
30 039
-
-
Income
122 000
122 000
122 000
122 000
Total tax
33 122
66 212
27 153
21 093
After tax
88 878
55 788
94 847
100 907
Living cost
77 342
77 342
77 342
77 342
Free-cash
11 536
-21 554
17 505
23 565

Estimated living cost  is ₽77342 per week

₽50295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6941
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽950
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽13877
₽30332
₽22598
₽35427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
trade
-
-
-
12 829
income

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

-
-
-
31 416
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.

-
-
-
6 934
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.

-
-
-
1 728
total
-
-
-
52 907
Employee

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

60 997
-
122 000
-
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.

6 934
-
6 934
-
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.

395
-
1 728
-
income

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

7 173
-
31 416
-
total
14 502
-
40 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 003
122 000
-
-
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.

503
1 007
-
-
income
9 151
18 299
-
-
trade
10 462
20 923
-
-
chamber of commerce
241
326
-
-
total
20 357
40 555
-
-
Dividends
40 647
81 445
-
-
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.

537
1 098
-
-
withholding
9 777
19 975
-
-
total
10 314
21 073
-
-
Income
122 000
122 000
122 000
122 000
Total tax
45 173
61 628
40 078
52 907
After tax
76 827
60 372
81 922
69 093
Living cost
46 495
46 495
46 495
46 495
Free-cash
30 332
13 877
35 427
22 598

Estimated living cost  is ₽46495 per week

₽33958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26762
₽32762
₽34943
₽38627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
14 520
pensions
-
-
-
27 166
other
-
-
-
3 783
health
-
-
-
3 386
surtax
-
-
-
-
social contributions
-
-
-
3 477
total
-
-
-
52 332
Employee
43 438
-
97 603
-
social contributions
1 238
-
2 781
-
surtax
-
-
-
-
income
2 564
-
16 047
-
pensions
4 911
-
5 422
-
total
8 713
-
24 250
-
Employer
43 438
-
97 603
-
other
1 498
-
3 367
-
social contributions
131
-
293
-
unemployment
1 758
-
3 952
-
pensions
7 136
-
9 371
-
health
3 041
-
7 415
-
total
13 564
-
24 398
-
Corporate
64 996
122 000
-
-
surtax
-
-
-
-
income
18 199
34 161
-
-
total
18 199
34 161
-
-
Dividends
46 797
87 839
-
-
surtax
-
-
-
-
social contributions
8 047
15 108
-
-
withholding
5 990
11 244
-
-
total
14 037
26 352
-
-
Income
122 000
122 000
122 000
122 000
Total tax
54 513
60 513
48 648
52 332
After tax
67 487
61 487
73 352
69 668
Living cost
34 725
34 725
34 725
34 725
Free-cash
32 762
26 762
38 627
34 943

Estimated living cost  is ₽34725 per week

₽21895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30203
₽35841
₽38384
₽42068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
14 520
pensions
-
-
-
27 166
other
-
-
-
3 783
health
-
-
-
3 386
surtax
-
-
-
-
social contributions
-
-
-
3 477
total
-
-
-
52 332
Employee
38 775
-
97 603
-
social contributions
1 106
-
2 781
-
surtax
-
-
-
-
income
1 999
-
16 047
-
pensions
4 386
-
5 422
-
total
7 491
-
24 250
-
Employer
38 775
-
97 603
-
other
1 339
-
3 367
-
social contributions
116
-
293
-
unemployment
1 570
-
3 952
-
pensions
6 371
-
9 371
-
health
2 714
-
7 415
-
total
12 110
-
24 398
-
Corporate
71 116
122 000
-
-
surtax
-
-
-
-
income
19 912
34 161
-
-
total
19 912
34 161
-
-
Dividends
51 204
87 839
-
-
surtax
-
-
-
-
social contributions
8 808
15 108
-
-
withholding
6 554
11 244
-
-
total
15 362
26 352
-
-
Income
122 000
122 000
122 000
122 000
Total tax
54 875
60 513
48 648
52 332
After tax
67 125
61 487
73 352
69 668
Living cost
31 284
31 284
31 284
31 284
Free-cash
35 841
30 203
42 068
38 384

Estimated living cost  is ₽31284 per week

₽18143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52910
₽53435
₽56828
₽55980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
18 299
health
-
-
-
8 515
social contributions
-
-
-
16 836
total
-
-
-
43 650
Employee
34 413
-
122 000
-
social contributions
4 750
-
16 836
-
health
2 402
-
8 515
-
income
5 740
-
19 147
-
total
12 892
-
44 498
-
Employer
34 413
-
122 000
-
total
-
-
-
-
Corporate
87 587
122 000
-
-
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%.

4 380
6 100
-
-
total
4 380
6 100
-
-
Dividends
83 207
115 900
-
-
health
5 807
8 089
-
-
social contributions
11 483
15 994
-
-
withholding
12 481
17 385
-
-
total
29 771
41 468
-
-
Income
122 000
122 000
122 000
122 000
Total tax
47 043
47 568
44 498
43 650
After tax
74 957
74 432
77 502
78 350
Living cost
21 522
21 522
21 522
21 522
Free-cash
53 435
52 910
55 980
56 828

Estimated living cost  is ₽21522 per week

₽14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5295
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32285
₽30710
₽24850
-₽1390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
chamber of commerce
-
-
-
487
income
-
-
-
23 469
pensions
-
-
-
21 936
unemployment
-
-
-
6 225
health
-
-
-
9 070
surtax
-
-
-
200
total
-
-
-
61 387
Employee
50 723
40 447
94 583
-
other
507
404
946
-
health
1 963
1 566
3 660
-
income
5 774
2 983
20 397
-
pensions
5 195
4 141
9 686
-
unemployment
1 522
1 213
2 837
-
total
14 961
10 307
37 526
-
Employer
50 723
40 447
94 583
-
accident
659
526
1 229
-
other
2 410
1 920
4 492
-
chamber of commerce
202
162
378
-
unemployment
1 522
1 213
2 837
-
surtax
200
200
200
-
pensions
6 366
5 077
11 870
-
payroll
1 522
1 213
2 837
-
health
1 916
1 529
3 575
-
total
14 797
11 840
27 418
-
Corporate
56 481
69 711
90 730
-
income

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

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

14 120
17 427
22 683
-
total
14 120
17 427
22 683
-
Dividends
42 361
52 284
-
-
withholding
11 649
14 378
-
-
total
11 649
14 378
-
-
Income
122 000
122 000
122 000
122 000
Total tax
55 527
53 952
87 627
61 387
After tax
66 473
68 048
34 373
60 613
Living cost
35 763
35 763
35 763
35 763
Free-cash
30 710
32 285
-1 390
24 850

Estimated living cost  is ₽35763 per week

₽23852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31344
₽16118
₽18070
₽9115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
national
-
-
-
41 270
communal

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

-
-
-
6 150
social contributions
-
-
-
19 504
total
-
-
-
66 924
Employee

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

72 600
-
94 492
-
communal

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

3 787
-
4 929
-
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.

3 411
-
4 441
-
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.

5 445
-
7 086
-
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.

632
-
822
-
national
22 320
-
31 092
-
total
35 595
-
48 370
-
Employer

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

72 600
-
94 492
-
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.

944
-
1 229
-
unemployment

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

1 059
-
1 379
-
surtax
8 232
-
10 717
-
pensions

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

6 433
-
8 373
-
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.

4 465
-
5 811
-
total
21 133
-
27 509
-
Corporate
28 267
122 000
-
-
surtax
114
487
-
-
income
5 653
24 399
-
-
total
5 767
24 886
-
-
Dividends
22 501
97 113
-
-
withholding

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

6 381
28 764
-
-
total
6 381
28 764
-
-
Income
122 000
122 000
122 000
122 000
Total tax
68 876
53 650
75 879
66 924
After tax
53 124
68 350
46 121
55 076
Living cost
37 006
37 006
37 006
37 006
Free-cash
16 118
31 344
9 115
18 070

Estimated living cost  is ₽37006 per week

₽23837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3236
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45354
₽37413
₽30705
₽26205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
847
income
-
-
-
26 419
pensions
-
-
-
26 622
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
54 641
Employee
50 522
-
92 508
-
other
50
-
92
-
income
10 660
-
23 776
-
pensions
2 375
-
4 347
-
unemployment
784
-
1 433
-
total
13 869
-
29 648
-
Employer
50 522
-
92 508
-
accident
1 000
-
1 832
-
other
403
-
740
-
unemployment
2 779
-
5 089
-
pensions
11 922
-
21 832
-
total
16 104
-
29 493
-
Corporate
55 374
122 000
-
-
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.

8 307
18 299
-
-
total
8 307
18 299
-
-
Dividends
47 067
103 701
-
-
withholding
9 653
21 693
-
-
total
9 653
21 693
-
-
Income
122 000
122 000
122 000
122 000
Total tax
47 933
39 992
59 141
54 641
After tax
74 067
82 008
62 859
67 359
Living cost
36 654
36 654
36 654
36 654
Free-cash
37 413
45 354
26 205
30 705

Estimated living cost  is ₽36654 per week

₽26992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2600
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.
₽6533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18697
₽9295
₽11497
₽16386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
1 029
income
-
-
-
13 700
pensions
-
-
-
18 286
health
-
-
-
8 573
surtax
-
-
-
6 048
communal
-
-
-
7 710
total
-
-
-
55 346
Employee
76 861
-
108 978
-
health
3 421
-
4 848
-
surtax
4 711
-
6 680
-
income
7 424
-
17 193
-
pensions
6 148
-
8 717
-
total
21 704
-
37 438
-
Employer
76 861
-
108 978
-
accident
691
-
980
-
pensions
6 148
-
8 717
-
health
2 344
-
3 322
-
total
9 183
-
13 019
-
Corporate
35 955
122 000
-
-
surtax
378
1 281
-
-
communal
2 427
8 236
-
-
income
5 393
18 299
-
-
total
8 198
27 816
-
-
Dividends
27 758
94 184
-
-
income
14 299
6 202
-
-
withholding
4 164
14 128
-
-
total
18 463
20 330
-
-
Income
122 000
122 000
122 000
122 000
Total tax
57 548
48 146
50 457
55 346
After tax
64 452
73 854
71 543
66 654
Living cost
55 157
55 157
55 157
55 157
Free-cash
9 295
18 697
16 386
11 497

Estimated living cost  is ₽55157 per week

₽41376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53941
₽50714
₽36817
₽34807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
25 665
pensions
-
-
-
24 399
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
8 663
surtax
-
-
-
3 428
total
-
-
-
62 386
Employee
34 180
-
100 784
-
other
-
-
-
-
health
873
-
2 569
-
surtax
121
-
3 113
-
income
5 730
-
23 762
-
pensions
2 280
-
6 722
-
unemployment
2 379
-
7 015
-
total
11 383
-
43 181
-
Employer
34 180
-
100 784
-
other
-
-
-
-
unemployment
1 084
-
3 195
-
pensions
4 557
-
13 434
-
health
1 554
-
4 586
-
total
7 195
-
21 215
-
Corporate
80 624
122 000
-
-
income
20 963
31 720
-
-
total
20 963
31 720
-
-
Dividends
59 661
90 280
-
-
withholding
8 948
13 542
-
-
total
8 948
13 542
-
-
Income
122 000
122 000
122 000
122 000
Total tax
48 489
45 262
64 396
62 386
After tax
73 511
76 738
57 604
59 614
Living cost
22 797
22 797
22 797
22 797
Free-cash
50 714
53 941
34 807
36 817

Estimated living cost  is ₽22797 per week

₽13764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36785
₽34531
₽33370
₽27592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
724
regional
-
-
-
1 840
national
-
-
-
27 348
social contributions
-
-
-
31 377
total
-
-
-
61 289
Employee
56 301
-
122 000
-
social contributions
18 985
-
41 139
-
regional
758
-
1 642
-
municipal
299
-
647
-
national
8 920
-
23 639
-
total
28 962
-
67 067
-
Employer
56 301
-
122 000
-
total
-
-
-
-
Corporate
65 699
122 000
-
-
nationa
15 769
29 280
-
-
municipal
3 265
6 063
-
-
total
19 034
35 343
-
-
Dividends
46 666
86 657
-
-
withholding
12 132
22 531
-
-
total
12 132
22 531
-
-
Income
122 000
122 000
122 000
122 000
Total tax
60 128
57 874
67 067
61 289
After tax
61 872
64 126
54 933
60 711
Living cost
27 341
27 341
27 341
27 341
Free-cash
34 531
36 785
27 592
33 370

Estimated living cost  is ₽27341 per week

₽17003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54015
₽43320
₽29958
₽31929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
10 578
health
-
-
-
16 470
solidarity contribution
-
-
-
-
social contributions
-
-
-
35 012
total
-
-
-
62 060
Employee
44 092
-
91 045
-
social contributions
2 866
-
5 918
-
health
5 952
-
12 291
-
solidarity contribution
-
-
-
-
income
5 291
-
10 925
-
total
14 109
-
29 134
-
Employer
44 092
-
91 045
-
social contributions
11 023
-
22 761
-
health
3 968
-
8 194
-
total
14 991
-
30 955
-
Corporate
62 917
122 000
-
-
income
11 954
23 180
-
-
total
11 954
23 180
-
-
Dividends
50 963
98 820
-
-
withholding
7 644
14 823
-
-
total
7 644
14 823
-
-
Income
122 000
122 000
122 000
122 000
Total tax
48 698
38 003
60 089
62 060
After tax
73 302
83 997
61 911
59 940
Living cost
29 982
29 982
29 982
29 982
Free-cash
43 320
54 015
31 929
29 958

Estimated living cost  is ₽29982 per week

₽22297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1661
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.
₽5506
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35775
₽35272
₽28432
₽2026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
chamber of commerce
-
-
-
487
income
-
-
-
23 469
pensions
-
-
-
21 936
unemployment
-
-
-
6 225
health
-
-
-
9 070
surtax
-
-
-
-
total
-
-
-
61 187
Employee
44 366
40 447
94 735
-
other
443
404
948
-
health
1 716
1 566
3 665
-
income
3 952
2 983
20 449
-
pensions
4 544
4 141
9 702
-
unemployment
1 331
1 213
2 843
-
total
11 986
10 307
37 607
-
Employer
44 366
40 447
94 735
-
accident
576
526
1 231
-
other
2 107
1 920
4 499
-
chamber of commerce
177
162
379
-
unemployment
1 331
1 213
2 843
-
surtax
-
-
-
-
pensions
5 568
5 077
11 890
-
payroll
1 331
1 213
2 843
-
health
1 678
1 529
3 581
-
total
12 768
11 640
27 266
-
Corporate
64 866
69 912
90 883
-
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.

16 215
17 477
22 720
-
total
16 215
17 477
22 720
-
Dividends
48 650
52 435
-
-
withholding
13 378
14 420
-
-
total
13 378
14 420
-
-
Income
122 000
122 000
122 000
122 000
Total tax
54 347
53 844
87 593
61 187
After tax
67 653
68 156
34 407
60 813
Living cost
32 381
32 381
32 381
32 381
Free-cash
35 272
35 775
2 026
28 432

Estimated living cost  is ₽32381 per week

₽19424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101470
₽98764
₽106350
₽83170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
122 000
microenterprise

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

-
-
-
1 220
total
-
-
-
1 220
Employee
18 038
-
122 000
-
income
3 608
-
24 400
-
total
3 608
-
24 400
-
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%.

103 962
122 000
-
-
total
-
-
-
-
Dividends
103 962
122 000
-
-
withholding
5 198
6 100
-
-
total
5 198
6 100
-
-
Income
122 000
122 000
122 000
122 000
Total tax
8 806
6 100
24 400
1 220
After tax
113 194
115 900
97 600
120 780
Living cost
14 430
14 430
14 430
14 430
Free-cash
98 764
101 470
83 170
106 350

Estimated living cost  is ₽14430 per week

₽9765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56774
₽48284
₽34996
₽31503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
income
-
-
-
25 312
pensions
-
-
-
22 281
unemployment
-
-
-
183
health
-
-
-
12 005
total
-
-
-
59 781
Employee

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

44 881
-
105 563
-
health
2 899
-
6 820
-
income
7 740
-
23 509
-
pensions
6 957
-
16 362
-
unemployment
64
-
148
-
total
17 660
-
46 839
-
Employer

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

44 881
-
105 563
-
unemployment
27
-
64
-
pensions
3 972
-
9 341
-
health
2 989
-
7 030
-
total
6 988
-
16 435
-
Corporate
70 131
122 000
-
-
income
13 324
23 180
-
-
total
13 324
23 180
-
-
Dividends
56 806
98 820
-
-
withholding
8 521
14 823
-
-
total
8 521
14 823
-
-
Income
122 000
122 000
122 000
122 000
Total tax
46 493
38 003
63 274
59 781
After tax
75 507
83 997
58 726
62 219
Living cost
27 223
27 223
27 223
27 223
Free-cash
48 284
56 774
31 503
34 996

Estimated living cost  is ₽27223 per week

₽18683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1745
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.
₽6269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30213
-₽30088
₽40300
₽64570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
23 780
social contributions
-
-
-
13 908
total
-
-
-
37 688
Employee
63 107
-
-
-
social contributions
5 175
-
737
-
income
13 920
-
-
-
total
19 095
-
737
-
Employer
63 107
-
-
-
social contributions
88 981
-
12 681
-
total
88 981
-
12 681
-
Corporate
-
122 000
-
-
income
-
26 840
-
-
total
-
26 840
-
-
Dividends
-
95 160
-
-
income
-
20 935
-
-
total
-
20 935
-
-
Income
122 000
122 000
122 000
122 000
Total tax
108 076
47 775
13 418
37 688
After tax
13 924
74 225
108 582
84 312
Living cost
44 012
44 012
44 012
44 012
Free-cash
-30 088
30 213
64 570
40 300

Estimated living cost  is ₽44012 per week

₽28557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4139
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37558
₽36536
₽35394
₽27897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
income
-
-
-
12 375
surtax
-
-
-
-
social contributions

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

-
-
-
42 395
total
-
-
-
54 770
Employee
46 680
-
98 585
-
social contributions
5 135
-
10 844
-
surtax
-
-
-
-
income
9 710
-
28 010
-
total
14 845
-
38 854
-
Employer
46 680
-
98 585
-
social contributions
11 086
-
23 413
-
total
11 086
-
23 413
-
Corporate
64 234
122 000
-
-
surtax
-
-
-
-
income
13 488
25 620
-
-
total
13 488
25 620
-
-
Dividends
50 746
96 380
-
-
withholding
14 209
26 986
-
-
total
14 209
26 986
-
-
Income
122 000
122 000
122 000
122 000
Total tax
53 628
52 606
62 267
54 770
After tax
68 372
69 394
59 733
67 230
Living cost
31 836
31 836
31 836
31 836
Free-cash
36 536
37 558
27 897
35 394

Estimated living cost  is ₽31836 per week

₽23820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1878
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.
₽5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12466
₽19443
₽20647
₽24331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
14 520
pensions
-
-
-
27 166
other
-
-
-
3 783
health
-
-
-
3 386
surtax
-
-
-
-
social contributions
-
-
-
3 477
total
-
-
-
52 332
Employee
63 568
-
97 603
-
social contributions
1 810
-
2 781
-
surtax
-
-
-
-
income
5 546
-
16 047
-
pensions
7 190
-
5 422
-
total
14 546
-
24 250
-
Employer
63 568
-
97 603
-
other
2 194
-
3 367
-
social contributions
191
-
293
-
unemployment
2 575
-
3 952
-
pensions
10 445
-
9 371
-
health
4 449
-
7 415
-
total
19 854
-
24 398
-
Corporate
38 578
122 000
-
-
surtax
-
-
-
-
income
10 801
34 161
-
-
total
10 801
34 161
-
-
Dividends
27 777
87 839
-
-
surtax
-
-
-
-
social contributions
4 779
15 108
-
-
withholding
3 556
11 244
-
-
total
8 335
26 352
-
-
Income
122 000
122 000
122 000
122 000
Total tax
53 536
60 513
48 648
52 332
After tax
68 464
61 487
73 352
69 668
Living cost
49 021
49 021
49 021
49 021
Free-cash
19 443
12 466
24 331
20 647

Estimated living cost  is ₽49021 per week

₽33176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽672
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79291
₽75882
₽61298
₽64542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
3 353
social contributions
-
-
-
26 840
total
-
-
-
30 193
Employee
32 630
-
105 627
-
income
-
-
3 713
-
social contributions
2 121
-
6 864
-
total
2 121
-
10 577
-
Employer
32 630
-
105 627
-
social contributions
5 058
-
16 372
-
total
5 058
-
16 372
-
Corporate
84 313
122 000
-
-
income
8 430
12 200
-
-
total
8 430
12 200
-
-
Dividends
75 882
109 800
-
-
total
-
-
-
-
Income
122 000
122 000
122 000
122 000
Total tax
15 609
12 200
26 949
30 193
After tax
106 391
109 800
95 051
91 807
Living cost
30 509
30 509
30 509
30 509
Free-cash
75 882
79 291
64 542
61 298

Estimated living cost  is ₽30509 per week

₽19727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽99140
-₽99140
₽25570
-₽99140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
23 727
pensions
-
-
-
880
national
-
-
-
13 252
labour market
-
-
-
9 690
total
-
-
-
47 549
Employee
206 316
206 316
206 316
-
labour market
16 482
16 482
16 482
-
national
25 205
25 205
25 205
-
municipal
43 934
43 934
43 934
-
pensions
293
293
293
-
total
85 914
85 914
85 914
-
Employer
206 316
206 316
206 316
-
labour market
16 505
16 505
16 505
-
municipal
44 004
44 004
44 004
-
pensions
587
587
587
-
national
25 249
25 249
25 249
-
total
86 345
86 345
86 345
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
122 000
122 000
122 000
122 000
Total tax
172 259
172 259
172 259
47 549
After tax
-50 259
-50 259
-50 259
74 451
Living cost
48 881
48 881
48 881
48 881
Free-cash
-99 140
-99 140
-99 140
25 570

Estimated living cost  is ₽48881 per week

₽33455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽752
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11909
₽6539
₽61808
₽42542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
254
income
-
-
-
31 400
pensions
-
-
-
4 183
other
-
-
-
373
health
-
-
-
2 192
total
-
-
-
38 402
Employee
34 278
-
106 535
-
health
3 925
-
12 198
-
income
4 703
-
22 334
-
pensions
3 860
-
7 670
-
total
12 488
-
42 202
-
Employer
34 278
-
106 535
-
accident
572
-
1 779
-
unemployment
840
-
2 610
-
pensions
5 574
-
11 076
-
total
6 986
-
15 465
-
Corporate
80 736
122 000
-
-
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.

72 662
109 800
-
-
total
72 662
109 800
-
-
Dividends
8 074
12 200
-
-
withholding
1 534
2 318
-
-
total
1 534
2 318
-
-
Income
122 000
122 000
122 000
122 000
Total tax
93 670
112 118
57 667
38 402
After tax
28 330
9 882
64 333
83 598
Living cost
21 790
21 790
21 790
21 790
Free-cash
6 539
-11 909
42 542
61 808

Estimated living cost  is ₽21790 per week

₽15861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40585
₽40427
₽45370
₽28644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
122 000
municipal
-
-
-
21 697
health
-
-
-
1 456
national
-
-
-
14 510
total
-
-
-
37 663
Employee
53 399
-
102 635
-
health
399
-
1 158
-
municipal
8 746
-
16 741
-
pensions
3 604
-
6 928
-
unemployment
801
-
1 539
-
national
882
-
8 659
-
total
14 432
-
35 025
-
Employer
53 399
-
102 635
-
accident
54
-
102
-
unemployment
347
-
666
-
pensions
9 264
-
17 806
-
health
410
-
790
-
total
10 075
-
19 364
-
Corporate
58 526
122 000
-
-
income
11 705
24 399
-
-
total
11 705
24 399
-
-
Dividends

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

35 116
73 201
-
-
national
73
4 873
-
-
municipal
6 321
13 176
-
-
total
6 394
18 049
-
-
Income
122 000
122 000
122 000
122 000
Total tax
42 606
42 448
54 389
37 663
After tax
79 394
79 552
67 611
84 337
Living cost
38 967
38 967
38 967
38 967
Free-cash
40 427
40 585
28 644
45 370

Estimated living cost  is ₽38967 per week

₽25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽620
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65685
₽60162
₽62076
₽60754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
16 892
health
-
-
-
3 111
social contributions
-
-
-
16 422
total
-
-
-
36 425
Employee
78 045
78 045
111 206
-
social contributions
2 951
6 477
8 737
-
health
605
1 327
1 891
-
income
8 498
7 225
16 325
-
total
12 054
15 029
26 953
-
Employer
78 045
78 045
111 206
-
social contributions
2 951
6 477
8 737
-
health
657
1 445
2 057
-
total
3 608
7 922
10 794
-
Corporate
82 840
36 033
-
-
income
10 354
4 505
-
-
total
10 354
4 505
-
-
Dividends
72 486
31 528
-
-
withholding
12 323
5 360
-
-
total
12 323
5 360
-
-
Income
122 000
122 000
122 000
122 000
Total tax
38 339
32 816
37 747
36 425
After tax
83 661
89 184
84 253
85 575
Living cost
23 499
23 499
23 499
23 499
Free-cash
60 162
65 685
60 754
62 076

Estimated living cost  is ₽23499 per week

₽14083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84914
₽79750
₽83784
₽63425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
122 000
income
-
-
-
11 944
pensions
-
-
-
6 456
unemployment
-
-
-
29
health
-
-
-
3 673
total
-
-
-
22 102
Employee

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

23 297
-
112 081
-
health
1 980
-
8 186
-
income
1 593
-
9 428
-
pensions
3 494
-
14 445
-
unemployment
116
-
482
-
total
7 183
-
32 541
-
Employer

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

23 297
-
112 081
-
unemployment
116
-
482
-
pensions
1 281
-
5 297
-
health
1 002
-
4 141
-
total
2 399
-
9 920
-
Corporate
96 305
122 000
-
-
income
8 667
10 980
-
-
total
8 667
10 980
-
-
Dividends
87 638
111 020
-
-
withholding
7 887
9 992
-
-
total
7 887
9 992
-
-
Income
122 000
122 000
122 000
122 000
Total tax
26 136
20 972
42 461
22 102
After tax
95 864
101 028
79 539
99 898
Living cost
16 114
16 114
16 114
16 114
Free-cash
79 750
84 914
63 425
83 784

Estimated living cost  is ₽16114 per week

₽10281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54098
₽48920
₽39449
₽34949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
847
income
-
-
-
26 419
pensions
-
-
-
26 622
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
54 641
Employee
37 529
-
92 508
-
other
37
-
92
-
income
7 235
-
23 776
-
pensions
1 764
-
4 347
-
unemployment
582
-
1 433
-
total
9 618
-
29 648
-
Employer
37 529
-
92 508
-
accident
743
-
1 832
-
other
300
-
740
-
unemployment
2 065
-
5 089
-
pensions
8 856
-
21 832
-
total
11 964
-
29 493
-
Corporate
72 507
122 000
-
-
income

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

10 876
18 299
-
-
total
10 876
18 299
-
-
Dividends
61 630
103 701
-
-
withholding
12 712
21 693
-
-
total
12 712
21 693
-
-
Income
122 000
122 000
122 000
122 000
Total tax
45 170
39 992
59 141
54 641
After tax
76 830
82 008
62 859
67 359
Living cost
27 910
27 910
27 910
27 910
Free-cash
48 920
54 098
34 949
39 449

Estimated living cost  is ₽27910 per week

₽18839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2683
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.
₽5900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73341
₽72884
₽74876
₽74678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
40 830
pensions
-
-
-
2 033
health
-
-
-
1 474
total
-
-
-
44 337
Employee
4 245
-
119 713
-
health
212
-
508
-
income
821
-
40 723
-
pensions
382
-
915
-
unemployment
42
-
102
-
total
1 457
-
42 248
-
Employer
4 245
-
119 713
-
unemployment
85
-
203
-
pensions
467
-
1 118
-
health
403
-
966
-
total
955
-
2 287
-
Corporate
116 799
122 000
-
-
income
25 696
26 840
-
-
total
25 696
26 840
-
-
Dividends
91 104
95 160
-
-
withholding
18 221
19 032
-
-
total
18 221
19 032
-
-
Income
122 000
122 000
122 000
122 000
Total tax
46 329
45 872
44 535
44 337
After tax
75 671
76 128
77 465
77 663
Living cost
2 787
2 787
2 787
2 787
Free-cash
72 884
73 341
74 678
74 876

Estimated living cost  is ₽2787 per week

₽1656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽64
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70585
₽65587
₽49815
₽49814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
income
-
-
-
26 259
pensions
-
-
-
19 511
unemployment
-
-
-
1 126
health
-
-
-
7 729
total
-
-
-
54 625
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.

26 480
-
108 568
-
health
1 364
-
3 865
-
income
3 650
-
26 259
-
pensions
3 707
-
10 506
-
unemployment
199
-
563
-
total
8 920
-
41 193
-
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.

26 480
-
108 568
-
unemployment
199
-
563
-
pensions
3 178
-
9 005
-
health
1 364
-
3 865
-
total
4 741
-
13 433
-
Corporate
90 780
122 000
-
-
income
13 617
18 300
-
-
total
13 617
18 300
-
-
Dividends
77 163
103 700
-
-
withholding
11 575
15 555
-
-
total
11 575
15 555
-
-
Income
122 000
122 000
122 000
122 000
Total tax
38 853
33 855
54 626
54 625
After tax
83 147
88 145
67 374
67 375
Living cost
17 560
17 560
17 560
17 560
Free-cash
65 587
70 585
49 814
49 815

Estimated living cost  is ₽17560 per week

₽11823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1358
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.
₽3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42032
₽41665
₽39868
₽32371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
income
-
-
-
12 375
surtax
-
-
-
-
social contributions

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

-
-
-
42 395
total
-
-
-
54 770
Employee
39 393
-
98 585
-
social contributions
4 334
-
10 844
-
surtax
-
-
-
-
income
7 697
-
28 010
-
total
12 031
-
38 854
-
Employer
39 393
-
98 585
-
social contributions
9 355
-
23 413
-
total
9 355
-
23 413
-
Corporate
73 253
122 000
-
-
surtax
-
-
-
-
income
15 383
25 620
-
-
total
15 383
25 620
-
-
Dividends
57 869
96 380
-
-
withholding
16 204
26 986
-
-
total
16 204
26 986
-
-
Income
122 000
122 000
122 000
122 000
Total tax
52 973
52 606
62 267
54 770
After tax
69 027
69 394
59 733
67 230
Living cost
27 362
27 362
27 362
27 362
Free-cash
41 665
42 032
32 371
39 868

Estimated living cost  is ₽27362 per week

₽19380
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.
₽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.
₽5597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46338
₽38743
₽31689
₽27189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
847
income
-
-
-
26 419
pensions
-
-
-
26 622
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
54 641
Employee
49 017
-
92 508
-
other
48
-
92
-
income
10 238
-
23 776
-
pensions
2 304
-
4 347
-
unemployment
759
-
1 433
-
total
13 349
-
29 648
-
Employer
49 017
-
92 508
-
accident
971
-
1 832
-
other
393
-
740
-
unemployment
2 696
-
5 089
-
pensions
11 568
-
21 832
-
total
15 628
-
29 493
-
Corporate
57 354
122 000
-
-
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.

8 604
18 299
-
-
total
8 604
18 299
-
-
Dividends
48 751
103 701
-
-
withholding
10 006
21 693
-
-
total
10 006
21 693
-
-
Income
122 000
122 000
122 000
122 000
Total tax
47 587
39 992
59 141
54 641
After tax
74 413
82 008
62 859
67 359
Living cost
35 670
35 670
35 670
35 670
Free-cash
38 743
46 338
27 189
31 689

Estimated living cost  is ₽35670 per week

₽25617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86843
₽80656
₽76763
₽80936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
18 300
pensions

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

-
-
-
5 249
unemployment
-
-
-
142
health
-
-
-
4 079
total
-
-
-
27 770
Employee
23 129
-
115 042
-
health
1 064
-
1 631
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
income
2 313
-
11 504
-
pensions

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

2 030
-
3 114
-
total
5 661
-
16 639
-
Employer
23 129
-
115 042
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
unemployment
139
-
213
-
pensions

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

2 549
-
3 908
-
health
1 596
-
2 447
-
total
4 538
-
6 958
-
Corporate
94 333
122 000
-
-
income
9 433
12 200
-
-
total
9 433
12 200
-
-
Dividends
84 900
109 800
-
-
withholding
4 245
5 490
-
-
total
4 245
5 490
-
-
Income
122 000
122 000
122 000
122 000
Total tax
23 877
17 690
23 597
27 770
After tax
98 123
104 310
98 403
94 230
Living cost
17 467
17 467
17 467
17 467
Free-cash
80 656
86 843
80 936
76 763

Estimated living cost  is ₽17467 per week

₽11552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽417
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23696
₽36973
₽32002
₽42737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
trade
-
-
-
10 736
income

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

-
-
-
31 416
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.

-
-
-
6 934
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.

-
-
-
1 728
total
-
-
-
50 814
Employee

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

50 500
-
122 000
-
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.

6 934
-
6 934
-
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.

229
-
1 728
-
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.

4 153
-
31 416
-
total
11 316
-
40 078
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 500
122 000
-
-
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.

589
1 007
-
-
income
10 724
18 299
-
-
trade
10 260
17 508
-
-
chamber of commerce
258
333
-
-
total
21 831
37 147
-
-
Dividends
49 668
84 852
-
-
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.

663
1 146
-
-
withholding
12 032
20 826
-
-
total
12 695
21 972
-
-
Income
122 000
122 000
122 000
122 000
Total tax
45 842
59 119
40 078
50 814
After tax
76 158
62 881
81 922
71 186
Living cost
39 184
39 184
39 184
39 184
Free-cash
36 973
23 696
42 737
32 002

Estimated living cost  is ₽39184 per week

₽27030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4216
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27583
₽29825
₽20877
₽20877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
32 025
social contributions
-
-
-
11 282
total
-
-
-
43 307
Employee
79 392
-
122 000
-
income
14 981
-
32 025
-
social contributions
6 596
-
11 282
-
total
21 577
-
43 307
-
Employer
79 392
-
122 000
-
total
-
-
-
-
Corporate
42 608
122 000
-
-
income
5 326
15 251
-
-
total
5 326
15 251
-
-
Dividends
37 283
106 749
-
-
withholding
7 456
21 350
-
-
total
7 456
21 350
-
-
Income
122 000
122 000
122 000
122 000
Total tax
34 359
36 601
43 307
43 307
After tax
87 641
85 399
78 693
78 693
Living cost
57 816
57 816
57 816
57 816
Free-cash
29 825
27 583
20 877
20 877

Estimated living cost  is ₽57816 per week

₽43985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37094
₽40642
₽49455
₽53076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
income
-
-
-
28 891
health

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

-
-
-
6 811
total
-
-
-
35 702
Employee
46 560
-
117 331
-
income
5 052
-
22 743
-
social contributions
4 665
-
4 669
-
total
9 717
-
27 412
-
Employer
46 560
-
117 331
-
social contributions
4 665
-
4 669
-
total
4 665
-
4 669
-
Corporate
70 775
122 000
-
-
income
24 771
42 701
-
-
total
24 771
42 701
-
-
Dividends
46 004
79 299
-
-
social contributions
5 362
5 362
-
-
total
5 362
5 362
-
-
Income
122 000
122 000
122 000
122 000
Total tax
44 515
48 063
32 081
35 702
After tax
77 485
73 937
89 919
86 298
Living cost
36 843
36 843
36 843
36 843
Free-cash
40 642
37 094
53 076
49 455

Estimated living cost  is ₽36843 per week

₽24268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48116
₽47592
₽47247
₽35883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
income
-
-
-
28 668
pensions
-
-
-
8 046
total
-
-
-
36 714
Employee
52 214
-
107 115
-
health
681
-
1 780
-
income
9 509
-
21 090
-
pensions
3 985
-
10 323
-
total
14 175
-
33 193
-
Employer
52 214
-
107 115
-
pensions
5 275
-
12 851
-
health
992
-
2 034
-
total
6 267
-
14 885
-
Corporate
63 519
122 000
-
-
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.

12 068
23 180
-
-
total
12 068
23 180
-
-
Dividends
51 451
98 820
-
-
withholding
3 859
12 665
-
-
total
3 859
12 665
-
-
Income
122 000
122 000
122 000
122 000
Total tax
36 369
35 845
48 078
36 714
After tax
85 631
86 155
73 922
85 286
Living cost
38 039
38 039
38 039
38 039
Free-cash
47 592
48 116
35 883
47 247

Estimated living cost  is ₽38039 per week

₽26094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽14066
₽6209
₽59650
₽40385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
accident
-
-
-
254
income
-
-
-
31 400
pensions
-
-
-
4 183
other
-
-
-
373
health
-
-
-
2 192
total
-
-
-
38 402
Employee
37 671
-
106 535
-
health
4 313
-
12 198
-
income
5 168
-
22 334
-
pensions
4 242
-
7 670
-
total
13 723
-
42 202
-
Employer
37 671
-
106 535
-
accident
629
-
1 779
-
unemployment
923
-
2 610
-
pensions
6 125
-
11 076
-
total
7 677
-
15 465
-
Corporate
76 652
122 000
-
-
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.

68 987
109 800
-
-
total
68 987
109 800
-
-
Dividends
7 665
12 200
-
-
withholding
1 456
2 318
-
-
total
1 456
2 318
-
-
Income
122 000
122 000
122 000
122 000
Total tax
91 843
112 118
57 667
38 402
After tax
30 157
9 882
64 333
83 598
Living cost
23 948
23 948
23 948
23 948
Free-cash
6 209
-14 066
40 385
59 650

Estimated living cost  is ₽23948 per week

₽17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
Skopje , Macedonia
₽88958
₽84209
₽55488
₽66726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 000
work injury
-
-
-
610
health insurance
-
-
-
9 028
income
-
-
-
19 257
pensions
-
-
-
22 448
unemployment
-
-
-
1 464
total
-
-
-
52 807
Employee

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

21 928
-
122 000
-
work injury
110
-
406
-
income
2 193
-
19 257
-
pensions
4 035
-
14 928
-
health insurance
1 623
-
6 004
-
unemployment
263
-
974
-
total
8 224
-
41 569
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
100 072
122 000
-
-
income

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

1 001
1 220
-
-
total
1 001
1 220
-
-
Dividends
99 071
120 780
-
-
withholding
14 861
18 117
-
-
total
14 861
18 117
-
-
Income
122 000
122 000
122 000
122 000
Total tax
24 086
19 337
41 569
52 807
After tax
97 914
102 663
80 431
69 193
Living cost
13 705
13 705
13 705
13 705
Free-cash
84 209
88 958
66 726
55 488

Estimated living cost  is ₽13705 per week

₽8490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽23828
₽19211
₽19401
₽13818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 000
municipal
-
-
-
815
regional
-
-
-
2 626
national
-
-
-
27 348
social contributions
-
-
-
31 377
total
-
-
-
62 166
Employee
85 526
-
122 000
-
social contributions
28 839
-
41 139
-
regional
1 291
-
2 243
-
municipal
510
-
728
-
national
14 453
-
23 639
-
total
45 093
-
67 749
-
Employer
85 526
-
122 000
-
total
-
-
-
-
Corporate
36 474
122 000
-
-
nationa
8 754
29 280
-
-
municipal
1 758
5 880
-
-
total
10 512
35 160
-
-
Dividends
25 961
86 840
-
-
withholding
6 751
22 579
-
-
total
6 751
22 579
-
-
Income
122 000
122 000
122 000
122 000
Total tax
62 356
57 739
67 749
62 166
After tax
59 644
64 261
54 251
59 834
Living cost
40 433
40 433
40 433
40 433
Free-cash
19 211
23 828
13 818
19 401

Estimated living cost  is ₽40433 per week

₽28402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close