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
₽ 122500
per

Your estimated
City
free-cash

Dresden , Germany
₽31450
₽42558
₽39697
₽51634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
trade
-
-
-
11 938
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.

-
-
-
31 830
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.

-
-
-
6 862
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.

-
-
-
1 750
total
-
-
-
52 380
Employee

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

38 418
-
122 500
-
health

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

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

6 862
-
6 862
-
surtax

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

59
-
1 750
-
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.

1 073
-
31 830
-
total
7 994
-
40 442
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
84 082
122 500
-
-
surtax

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

694
1 010
-
-
income
12 613
18 375
-
-
trade
13 244
19 294
-
-
chamber of commerce
273
328
-
-
total
26 824
39 007
-
-
Dividends
57 260
83 493
-
-
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.

766
1 127
-
-
withholding
13 934
20 493
-
-
total
14 700
21 620
-
-
Income
122 500
122 500
122 500
122 500
Total tax
49 518
60 627
40 442
52 380
After tax
72 982
61 873
82 058
70 120
Living cost
30 423
30 423
30 423
30 423
Free-cash
42 558
31 450
51 634
39 697

Estimated living cost  is ₽30423 per week

₽19137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
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.
₽7171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25757
₽24914
₽22553
₽23515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
13 040
pensions
-
-
-
14 700
national
-
-
-
20 207
social contributions
-
-
-
1 317
total
-
-
-
49 264
Employee
78 568
-
105 900
-
municipal
9 704
-
13 514
-
pensions
3 143
-
4 236
-
national
15 038
-
20 942
-
total
27 885
-
38 692
-
Employer
78 568
-
105 900
-
social contributions
845
-
1 138
-
pensions
6 285
-
8 472
-
total
7 130
-
9 610
-
Corporate
31 617
122 500
-
-
income

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

6 323
24 500
-
-
total
6 323
24 500
-
-
Dividends
25 293
98 000
-
-
withholding
5 565
21 560
-
-
total
5 565
21 560
-
-
Income
122 500
122 500
122 500
122 500
Total tax
46 903
46 060
48 302
49 264
After tax
75 597
76 440
74 198
73 236
Living cost
50 683
50 683
50 683
50 683
Free-cash
24 914
25 757
23 515
22 553

Estimated living cost  is ₽50683 per week

₽34449
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.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77104
₽68863
₽13702
₽47899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
microenterprise
-
-
-
-
income
-
-
-
18 180
surtax
-
-
-
31 237
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.

-
-
-
38 484
total
-
-
-
87 901
Employee
29 350
-
98 719
-
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.

3 229
-
10 859
-
surtax
-
-
-
-
income
5 225
-
19 064
-
total
8 454
-
29 923
-
Employer
29 350
-
98 719
-
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.

7 070
-
23 781
-
surtax
-
-
-
-
total
7 070
-
23 781
-
Corporate
86 080
122 500
-
-
income

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

17 216
24 499
-
-
total
17 216
24 499
-
-
Dividends

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

68 864
98 001
-
-
total
-
-
-
-
Income
122 500
122 500
122 500
122 500
Total tax
32 740
24 499
53 704
87 901
After tax
89 760
98 001
68 796
34 599
Living cost
20 897
20 897
20 897
20 897
Free-cash
68 863
77 104
47 899
13 702

Estimated living cost  is ₽20897 per week

₽13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17761
₽11607
₽28236
₽24111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
28 033
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
52 187
Employee
85 775
85 775
104 245
-
health
13 165
11 198
12 251
-
income

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

14 040
14 040
14 040
-
pensions
15 439
11 768
11 768
-
total
42 644
37 006
38 059
-
Employer
85 775
85 775
104 245
-
unemployment
3 088
3 088
3 753
-
pensions
5 970
5 970
7 255
-
health
5 962
5 962
7 245
-
total
15 020
15 020
18 253
-
Corporate
22 757
21 705
-
-
income
4 552
4 340
-
-
total
4 552
4 340
-
-
Dividends
18 206
17 365
-
-
income
3 869
3 690
-
-
withholding
2 731
2 606
-
-
total
6 600
6 296
-
-
Income
122 500
122 500
122 500
122 500
Total tax
68 816
62 662
56 312
52 187
After tax
53 684
59 838
66 188
70 313
Living cost
42 077
42 077
42 077
42 077
Free-cash
11 607
17 761
24 111
28 236

Estimated living cost  is ₽42077 per week

₽29819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽669
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27924
₽27050
₽26221
₽25172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
29 153
accident
-
-
-
171
pensions
-
-
-
9 231
other
-
-
-
9 922
unemployment
-
-
-
85
health
-
-
-
5 328
national
-
-
-
3 428
total
-
-
-
57 318
Employee
55 516
-
95 671
-
municipal
16 555
-
28 529
-
national
-
-
3 009
-
total
16 555
-
31 538
-
Employer
55 516
-
95 671
-
accident
111
-
171
-
other
6 451
-
9 922
-
unemployment
1 466
-
2 254
-
pensions
6 001
-
9 231
-
health
3 414
-
5 251
-
total
17 443
-
26 829
-
Corporate
49 541
122 500
-
-
income
10 899
26 950
-
-
total
10 899
26 950
-
-
Dividends
38 642
95 550
-
-
withholding
11 592
28 665
-
-
total
11 592
28 665
-
-
Income
122 500
122 500
122 500
122 500
Total tax
56 489
55 615
58 367
57 318
After tax
66 011
66 885
64 133
65 182
Living cost
38 961
38 961
38 961
38 961
Free-cash
27 050
27 924
25 172
26 221

Estimated living cost  is ₽38961 per week

₽25822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21788
₽35899
₽30130
₽42600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
trade
-
-
-
12 470
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.

-
-
-
31 830
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.

-
-
-
6 862
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.

-
-
-
1 750
total
-
-
-
52 912
Employee

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

50 937
-
122 500
-
health

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

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

6 862
-
6 862
-
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.

240
-
1 750
-
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.

4 376
-
31 830
-
total
11 478
-
40 442
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 563
122 500
-
-
surtax

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

591
1 010
-
-
income
10 735
18 375
-
-
trade
11 772
20 151
-
-
chamber of commerce
254
326
-
-
total
23 352
39 862
-
-
Dividends
48 211
82 638
-
-
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.

642
1 115
-
-
withholding
11 671
20 277
-
-
total
12 313
21 392
-
-
Income
122 500
122 500
122 500
122 500
Total tax
47 143
61 254
40 442
52 912
After tax
75 357
61 246
82 058
69 588
Living cost
39 458
39 458
39 458
39 458
Free-cash
35 899
21 788
42 600
30 130

Estimated living cost  is ₽39458 per week

₽26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56962
₽52799
₽53313
₽51994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
17 233
health
-
-
-
3 124
social contributions
-
-
-
16 251
total
-
-
-
36 608
Employee
77 236
77 236
111 786
-
social contributions
3 753
6 410
8 646
-
health
768
1 313
1 900
-
income
8 110
7 150
16 667
-
total
12 631
14 873
27 213
-
Employer
77 236
77 236
111 786
-
social contributions
3 753
6 410
8 646
-
health
837
1 430
2 068
-
total
4 590
7 840
10 714
-
Corporate
72 700
37 424
-
-
income
9 088
4 678
-
-
total
9 088
4 678
-
-
Dividends
63 611
32 746
-
-
withholding
10 813
5 568
-
-
total
10 813
5 568
-
-
Income
122 500
122 500
122 500
122 500
Total tax
37 122
32 959
37 927
36 608
After tax
85 378
89 541
84 573
85 892
Living cost
32 579
32 579
32 579
32 579
Free-cash
52 799
56 962
51 994
53 313

Estimated living cost  is ₽32579 per week

₽22271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2545
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50696
₽51077
₽66630
₽52781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
14 976
pensions
-
-
-
12 250
unemployment
-
-
-
1 837
health
-
-
-
8 575
total
-
-
-
37 638
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.

26 319
10 475
102 510
-
health
1 842
733
7 176
-
income
3 217
1 281
12 532
-
pensions
2 632
1 047
10 251
-
unemployment
395
157
1 538
-
total
8 086
3 218
31 497
-
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.

26 319
10 475
102 510
-
pensions
5 132
2 043
19 990
-
total
5 132
2 043
19 990
-
Corporate
91 049
109 983
-
-
income
8 194
9 898
-
-
total
8 194
9 898
-
-
Dividends
82 854
100 084
-
-
social contributions
16 037
19 397
-
-
withholding
15 742
19 016
-
-
total
31 779
38 413
-
-
Income
122 500
122 500
122 500
122 500
Total tax
53 191
53 572
51 487
37 638
After tax
69 309
68 928
71 013
84 862
Living cost
18 232
18 232
18 232
18 232
Free-cash
51 077
50 696
52 781
66 630

Estimated living cost  is ₽18232 per week

₽12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽73740
₽67498
₽41397
₽46345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
16 415
pensions
-
-
-
24 501
health
-
-
-
15 926
total
-
-
-
56 842
Employee
28 494
-
91 556
-
income
3 208
-
17 652
-
pensions
570
-
1 832
-
unemployment
456
-
1 466
-
total
4 234
-
20 950
-
Employer
28 494
-
91 556
-
unemployment
229
-
732
-
pensions
5 699
-
18 310
-
health
3 704
-
11 902
-
total
9 632
-
30 944
-
Corporate
84 374
122 500
-
-
income
16 875
24 499
-
-
total
16 875
24 499
-
-
Dividends
67 499
98 001
-
-
total
-
-
-
-
Income
122 500
122 500
122 500
122 500
Total tax
30 741
24 499
51 894
56 842
After tax
91 759
98 001
70 606
65 658
Living cost
24 261
24 261
24 261
24 261
Free-cash
67 498
73 740
46 345
41 397

Estimated living cost  is ₽24261 per week

₽16640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12121
₽6541
₽61893
₽42598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
253
income
-
-
-
31 585
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
38 563
Employee
34 676
-
107 050
-
health
3 970
-
12 257
-
income
4 757
-
22 506
-
pensions
3 905
-
7 645
-
total
12 632
-
42 408
-
Employer
34 676
-
107 050
-
accident
579
-
1 788
-
unemployment
850
-
2 623
-
pensions
5 639
-
11 039
-
total
7 068
-
15 450
-
Corporate
80 757
122 500
-
-
income

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

72 681
110 250
-
-
total
72 681
110 250
-
-
Dividends
8 076
12 250
-
-
withholding
1 534
2 327
-
-
total
1 534
2 327
-
-
Income
122 500
122 500
122 500
122 500
Total tax
93 915
112 577
57 858
38 563
After tax
28 585
9 923
64 642
83 937
Living cost
22 044
22 044
22 044
22 044
Free-cash
6 541
-12 121
42 598
61 893

Estimated living cost  is ₽22044 per week

₽16156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₽107275
₽105569
₽112175
₽88900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
122 500
microenterprise

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

-
-
-
1 225
total
-
-
-
1 225
Employee
11 374
-
122 500
-
income
2 275
-
24 500
-
total
2 275
-
24 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

111 126
122 500
-
-
total
-
-
-
-
Dividends
111 126
122 500
-
-
withholding
5 556
6 125
-
-
total
5 556
6 125
-
-
Income
122 500
122 500
122 500
122 500
Total tax
7 831
6 125
24 500
1 225
After tax
114 669
116 375
98 000
121 275
Living cost
9 100
9 100
9 100
9 100
Free-cash
105 569
107 275
88 900
112 175

Estimated living cost  is ₽9100 per week

₽5639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63237
₽56452
₽38904
₽43972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
16 223
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.

-
-
-
29 400
other
-
-
-
5 819
health
-
-
-
5 390
total
-
-
-
56 832
Employee
36 470
-
97 843
-
health
511
-
1 370
-
income
6 279
-
17 912
-
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.

2 552
-
6 849
-
unemployment
364
-
978
-
total
9 706
-
27 109
-
Employer
36 470
-
97 843
-
accident
292
-
783
-
other
1 824
-
4 891
-
unemployment
364
-
978
-
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.

6 201
-
16 633
-
health
511
-
1 370
-
total
9 192
-
24 655
-
Corporate
76 839
122 500
-
-
income
16 137
25 725
-
-
total
16 137
25 725
-
-
Dividends
60 702
96 775
-
-
withholding
4 249
6 774
-
-
total
4 249
6 774
-
-
Income
122 500
122 500
122 500
122 500
Total tax
39 284
32 499
51 764
56 832
After tax
83 216
90 001
70 736
65 668
Living cost
26 764
26 764
26 764
26 764
Free-cash
56 452
63 237
43 972
38 904

Estimated living cost  is ₽26764 per week

₽18910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18935
₽10902
₽18206
₽6819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
29 251
pensions
-
-
-
7 942
total
-
-
-
37 193
Employee
94 938
-
107 514
-
health
1 564
-
1 770
-
income
17 114
-
21 659
-
pensions
9 159
-
10 165
-
total
27 837
-
33 594
-
Employer
94 938
-
107 514
-
pensions
11 209
-
12 944
-
health
1 803
-
2 042
-
total
13 012
-
14 986
-
Corporate
14 550
122 500
-
-
income

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

2 764
23 274
-
-
total
2 764
23 274
-
-
Dividends
11 786
99 226
-
-
withholding
884
13 190
-
-
total
884
13 190
-
-
Income
122 500
122 500
122 500
122 500
Total tax
44 497
36 464
48 580
37 193
After tax
78 003
86 036
73 920
85 307
Living cost
67 101
67 101
67 101
67 101
Free-cash
10 902
18 935
6 819
18 206

Estimated living cost  is ₽67101 per week

₽50280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽91570
₽86905
₽81591
₽85807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
18 375
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
27 741
Employee
17 436
-
115 617
-
health
802
-
1 614
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
income
1 743
-
11 562
-
pensions

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

1 531
-
3 080
-
total
4 268
-
16 642
-
Employer
17 436
-
115 617
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
unemployment
104
-
210
-
pensions

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

1 922
-
3 866
-
health
1 203
-
2 421
-
total
3 421
-
6 883
-
Corporate
101 643
122 500
-
-
income
10 164
12 250
-
-
total
10 164
12 250
-
-
Dividends
91 479
110 250
-
-
withholding
4 574
5 512
-
-
total
4 574
5 512
-
-
Income
122 500
122 500
122 500
122 500
Total tax
22 427
17 762
23 525
27 741
After tax
100 073
104 738
98 975
94 759
Living cost
13 168
13 168
13 168
13 168
Free-cash
86 905
91 570
85 807
81 591

Estimated living cost  is ₽13168 per week

₽7687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and 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 Varna model

Close
Amsterdam , Netherlands
₽4141
₽6665
₽14616
₽10491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
28 033
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
52 187
Employee
93 124
85 775
104 245
-
health
11 618
11 198
12 251
-
income

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

14 040
14 040
14 040
-
pensions
11 768
11 768
11 768
-
total
37 426
37 006
38 059
-
Employer
93 124
85 775
104 245
-
unemployment
3 353
3 088
3 753
-
pensions
6 481
5 970
7 255
-
health
6 471
5 962
7 245
-
total
16 305
15 020
18 253
-
Corporate
13 071
21 705
-
-
income
2 615
4 340
-
-
total
2 615
4 340
-
-
Dividends
10 456
17 365
-
-
income
2 223
3 690
-
-
withholding
1 569
2 606
-
-
total
3 792
6 296
-
-
Income
122 500
122 500
122 500
122 500
Total tax
60 138
62 662
56 312
52 187
After tax
62 362
59 838
66 188
70 313
Living cost
55 697
55 697
55 697
55 697
Free-cash
6 665
4 141
10 491
14 616

Estimated living cost  is ₽55697 per week

₽41086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60321
₽51752
₽36668
₽38145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
10 710
health
-
-
-
16 538
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 564
total
-
-
-
61 812
Employee
35 324
-
91 418
-
social contributions
2 296
-
5 942
-
health
4 769
-
12 341
-
solidarity contribution
-
-
-
-
income
4 239
-
10 970
-
total
11 304
-
29 253
-
Employer
35 324
-
91 418
-
social contributions
8 831
-
22 854
-
health
3 179
-
8 228
-
total
12 010
-
31 082
-
Corporate
75 166
122 500
-
-
income
14 281
23 275
-
-
total
14 281
23 275
-
-
Dividends
60 884
99 225
-
-
withholding
9 133
14 884
-
-
total
9 133
14 884
-
-
Income
122 500
122 500
122 500
122 500
Total tax
46 728
38 159
60 335
61 812
After tax
75 772
84 341
62 165
60 688
Living cost
24 020
24 020
24 020
24 020
Free-cash
51 752
60 321
38 145
36 668

Estimated living cost  is ₽24020 per week

₽16685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Brno model

Close
Milan , Italy
₽22974
₽17732
₽18929
₽13097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
728
regional
-
-
-
1 389
national
-
-
-
27 562
social contributions
-
-
-
31 508
total
-
-
-
61 187
Employee
89 268
-
122 500
-
social contributions
30 101
-
41 307
-
regional
842
-
1 222
-
municipal
473
-
650
-
national
15 468
-
23 840
-
total
46 884
-
67 019
-
Employer
89 268
-
122 500
-
total
-
-
-
-
Corporate
33 232
122 500
-
-
nationa
7 975
29 400
-
-
municipal
1 296
4 777
-
-
total
9 271
34 177
-
-
Dividends
23 961
88 324
-
-
withholding
6 229
22 965
-
-
total
6 229
22 965
-
-
Income
122 500
122 500
122 500
122 500
Total tax
62 384
57 142
67 019
61 187
After tax
60 116
65 358
55 481
61 313
Living cost
42 384
42 384
42 384
42 384
Free-cash
17 732
22 974
13 097
18 929

Estimated living cost  is ₽42384 per week

₽29545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54889
₽51762
₽37442
₽35423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
25 978
pensions
-
-
-
24 499
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
8 698
surtax
-
-
-
3 490
total
-
-
-
62 894
Employee
33 216
-
101 197
-
other
-
-
-
-
health
848
-
2 579
-
surtax
109
-
3 172
-
income
5 568
-
24 066
-
pensions
2 215
-
6 750
-
unemployment
2 312
-
7 043
-
total
11 052
-
43 610
-
Employer
33 216
-
101 197
-
other
-
-
-
-
unemployment
1 052
-
3 208
-
pensions
4 428
-
13 490
-
health
1 512
-
4 605
-
total
6 992
-
21 303
-
Corporate
82 292
122 500
-
-
income
21 396
31 849
-
-
total
21 396
31 849
-
-
Dividends
60 896
90 651
-
-
withholding
9 134
13 598
-
-
total
9 134
13 598
-
-
Income
122 500
122 500
122 500
122 500
Total tax
48 574
45 447
64 913
62 894
After tax
73 926
77 053
57 587
59 606
Living cost
22 164
22 164
22 164
22 164
Free-cash
51 762
54 889
35 423
37 442

Estimated living cost  is ₽22164 per week

₽13552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40194
₽38047
₽39465
₽28078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
29 251
pensions
-
-
-
7 942
total
-
-
-
37 193
Employee
63 625
-
107 514
-
health
924
-
1 770
-
income
11 459
-
21 659
-
pensions
5 400
-
10 165
-
total
17 783
-
33 594
-
Employer
63 625
-
107 514
-
pensions
6 887
-
12 944
-
health
1 209
-
2 042
-
total
8 096
-
14 986
-
Corporate
50 779
122 500
-
-
income

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

9 647
23 274
-
-
total
9 647
23 274
-
-
Dividends
41 132
99 226
-
-
withholding
3 085
13 190
-
-
total
3 085
13 190
-
-
Income
122 500
122 500
122 500
122 500
Total tax
38 611
36 464
48 580
37 193
After tax
83 889
86 036
73 920
85 307
Living cost
45 842
45 842
45 842
45 842
Free-cash
38 047
40 194
28 078
39 465

Estimated living cost  is ₽45842 per week

₽34344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
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.
₽7581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽20377
₽12309
₽24848
₽18769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
city
-
-
-
1 291
pensions
-
-
-
11 270
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.

-
-
-
2 451
regional
-
-
-
4 823
health
-
-
-
275
national
-
-
-
1 148
total
-
-
-
21 258
Employee
89 401
-
109 642
-
city
959
-
1 177
-
regional
2 927
-
4 156
-
health
202
-
247
-
pensions
7 511
-
9 210
-
unemployment
-
-
-
-
national
423
-
896
-
total
12 022
-
15 686
-
Employer
89 401
-
109 642
-
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.

1 787
-
2 194
-
unemployment
-
-
-
-
pensions
7 511
-
9 210
-
health
202
-
247
-
total
9 500
-
11 651
-
Corporate
22 616
122 500
-
-
regional
4 784
25 909
-
-
national
1 923
10 413
-
-
total
6 707
36 322
-
-
Dividends
15 909
86 178
-
-
withholding
5 568
30 161
-
-
total
5 568
30 161
-
-
Income
122 500
122 500
122 500
122 500
Total tax
33 797
66 483
27 337
21 258
After tax
88 703
56 017
95 163
101 242
Living cost
76 394
76 394
76 394
76 394
Free-cash
12 309
-20 377
18 769
24 848

Estimated living cost  is ₽76394 per week

₽49678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽938
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽14600
₽30886
₽23044
₽36044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
trade
-
-
-
13 000
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.

-
-
-
31 830
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.

-
-
-
6 862
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.

-
-
-
1 750
total
-
-
-
53 442
Employee

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

60 365
-
122 500
-
health

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

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

6 862
-
6 862
-
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.

391
-
1 750
-
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.

7 098
-
31 830
-
total
14 351
-
40 442
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 135
122 500
-
-
surtax

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

513
1 010
-
-
income
9 321
18 375
-
-
trade
10 657
21 009
-
-
chamber of commerce
240
324
-
-
total
20 731
40 718
-
-
Dividends
41 404
81 782
-
-
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.

549
1 104
-
-
withholding
9 969
20 064
-
-
total
10 518
21 168
-
-
Income
122 500
122 500
122 500
122 500
Total tax
45 600
61 886
40 442
53 442
After tax
76 900
60 614
82 058
69 058
Living cost
46 014
46 014
46 014
46 014
Free-cash
30 886
14 600
36 044
23 044

Estimated living cost  is ₽46014 per week

₽33607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27376
₽33307
₽35549
₽39012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
14 787
pensions
-
-
-
27 031
other
-
-
-
3 797
health
-
-
-
3 481
surtax
-
-
-
-
social contributions
-
-
-
3 490
total
-
-
-
52 586
Employee
42 988
-
97 873
-
social contributions
1 226
-
2 789
-
surtax
-
-
-
-
income
2 537
-
16 217
-
pensions
4 861
-
5 493
-
total
8 624
-
24 499
-
Employer
42 988
-
97 873
-
other
1 483
-
3 376
-
social contributions
130
-
294
-
unemployment
1 740
-
3 965
-
pensions
7 062
-
9 485
-
health
3 010
-
7 504
-
total
13 425
-
24 624
-
Corporate
66 087
122 500
-
-
surtax
-
-
-
-
income
18 504
34 300
-
-
total
18 504
34 300
-
-
Dividends
47 583
88 200
-
-
surtax
-
-
-
-
social contributions
8 185
15 169
-
-
withholding
6 090
11 290
-
-
total
14 275
26 459
-
-
Income
122 500
122 500
122 500
122 500
Total tax
54 828
60 759
49 123
52 586
After tax
67 672
61 741
73 377
69 914
Living cost
34 365
34 365
34 365
34 365
Free-cash
33 307
27 376
39 012
35 549

Estimated living cost  is ₽34365 per week

₽21669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30781
₽36361
₽38954
₽42417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
14 787
pensions
-
-
-
27 031
other
-
-
-
3 797
health
-
-
-
3 481
surtax
-
-
-
-
social contributions
-
-
-
3 490
total
-
-
-
52 586
Employee
38 373
-
97 873
-
social contributions
1 094
-
2 789
-
surtax
-
-
-
-
income
1 979
-
16 217
-
pensions
4 340
-
5 493
-
total
7 413
-
24 499
-
Employer
38 373
-
97 873
-
other
1 325
-
3 376
-
social contributions
114
-
294
-
unemployment
1 553
-
3 965
-
pensions
6 305
-
9 485
-
health
2 686
-
7 504
-
total
11 983
-
24 624
-
Corporate
72 143
122 500
-
-
surtax
-
-
-
-
income
20 201
34 300
-
-
total
20 201
34 300
-
-
Dividends
51 942
88 200
-
-
surtax
-
-
-
-
social contributions
8 934
15 169
-
-
withholding
6 648
11 290
-
-
total
15 582
26 459
-
-
Income
122 500
122 500
122 500
122 500
Total tax
55 179
60 759
49 123
52 586
After tax
67 321
61 741
73 377
69 914
Living cost
30 960
30 960
30 960
30 960
Free-cash
36 361
30 781
42 417
38 954

Estimated living cost  is ₽30960 per week

₽17956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
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.
₽9273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53438
₽53959
₽57370
₽56442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
18 375
health
-
-
-
8 551
social contributions
-
-
-
16 905
total
-
-
-
43 831
Employee
34 056
-
122 500
-
social contributions
4 700
-
16 905
-
health
2 377
-
8 551
-
income
5 680
-
19 303
-
total
12 757
-
44 759
-
Employer
34 056
-
122 500
-
total
-
-
-
-
Corporate
88 444
122 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

4 422
6 124
-
-
total
4 422
6 124
-
-
Dividends
84 022
116 376
-
-
health
5 865
8 124
-
-
social contributions
11 595
16 059
-
-
withholding
12 603
17 456
-
-
total
30 063
41 639
-
-
Income
122 500
122 500
122 500
122 500
Total tax
47 242
47 763
44 759
43 831
After tax
75 258
74 737
77 741
78 669
Living cost
21 299
21 299
21 299
21 299
Free-cash
53 959
53 438
56 442
57 370

Estimated living cost  is ₽21299 per week

₽14254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32907
₽31351
₽25607
-₽1065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
chamber of commerce
-
-
-
490
income
-
-
-
23 967
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
198
total
-
-
-
61 501
Employee
50 197
40 028
94 968
-
other
501
400
949
-
health
1 942
1 550
3 675
-
income
5 715
2 953
20 655
-
pensions
5 141
4 098
9 725
-
unemployment
1 506
1 201
2 850
-
total
14 805
10 202
37 854
-
Employer
50 197
40 028
94 968
-
accident
652
520
1 235
-
other
2 385
1 900
4 510
-
chamber of commerce
200
160
379
-
unemployment
1 506
1 201
2 850
-
surtax
198
198
198
-
pensions
6 300
5 024
11 919
-
payroll
1 506
1 201
2 850
-
health
1 897
1 513
3 589
-
total
14 644
11 717
27 530
-
Corporate
57 660
70 753
91 158
-
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.

14 416
17 689
22 789
-
total
14 416
17 689
22 789
-
Dividends
43 244
53 064
-
-
withholding
11 892
14 593
-
-
total
11 892
14 593
-
-
Income
122 500
122 500
122 500
122 500
Total tax
55 757
54 201
88 173
61 501
After tax
66 743
68 299
34 327
60 999
Living cost
35 392
35 392
35 392
35 392
Free-cash
31 351
32 907
-1 065
25 607

Estimated living cost  is ₽35392 per week

₽23605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32001
₽16937
₽18549
₽9547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
national
-
-
-
41 599
communal

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

-
-
-
6 178
social contributions
-
-
-
19 551
total
-
-
-
67 328
Employee

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

71 848
-
94 881
-
communal

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

3 747
-
4 948
-
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.

3 376
-
4 458
-
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.

5 389
-
7 115
-
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.

625
-
825
-
national
22 089
-
31 365
-
total
35 226
-
48 711
-
Employer

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

71 848
-
94 881
-
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.

934
-
1 233
-
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.

1 048
-
1 386
-
surtax
8 147
-
10 758
-
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.

6 366
-
8 406
-
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.

4 418
-
5 836
-
total
20 913
-
27 619
-
Corporate
29 738
122 500
-
-
surtax
118
490
-
-
income
5 947
24 499
-
-
total
6 065
24 989
-
-
Dividends
23 673
97 511
-
-
withholding

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

6 736
28 887
-
-
total
6 736
28 887
-
-
Income
122 500
122 500
122 500
122 500
Total tax
68 940
53 876
76 330
67 328
After tax
53 560
68 624
46 170
55 172
Living cost
36 623
36 623
36 623
36 623
Free-cash
16 937
32 001
9 547
18 549

Estimated living cost  is ₽36623 per week

₽23590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
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.
₽9258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46038
₽38212
₽31499
₽26726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
839
income
-
-
-
26 797
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
54 727
Employee
49 998
-
92 889
-
other
50
-
93
-
income
10 549
-
23 993
-
pensions
2 350
-
4 365
-
unemployment
776
-
1 439
-
total
13 725
-
29 890
-
Employer
49 998
-
92 889
-
accident
989
-
1 839
-
other
398
-
741
-
unemployment
2 751
-
5 108
-
pensions
11 799
-
21 922
-
total
15 937
-
29 610
-
Corporate
56 565
122 500
-
-
income

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

8 484
18 375
-
-
total
8 484
18 375
-
-
Dividends
48 081
104 125
-
-
withholding
9 868
21 813
-
-
total
9 868
21 813
-
-
Income
122 500
122 500
122 500
122 500
Total tax
48 014
40 188
59 500
54 727
After tax
74 486
82 312
63 000
67 773
Living cost
36 274
36 274
36 274
36 274
Free-cash
38 212
46 038
26 726
31 499

Estimated living cost  is ₽36274 per week

₽26712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19493
₽10043
₽12065
₽16959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
1 033
income
-
-
-
14 033
pensions
-
-
-
18 362
health
-
-
-
8 606
surtax
-
-
-
6 073
communal
-
-
-
7 743
total
-
-
-
55 850
Employee
76 065
-
109 422
-
health
3 385
-
4 870
-
surtax
4 662
-
6 706
-
income
7 347
-
17 551
-
pensions
6 084
-
8 753
-
total
21 478
-
37 880
-
Employer
76 065
-
109 422
-
accident
684
-
985
-
pensions
6 084
-
8 753
-
health
2 320
-
3 338
-
total
9 088
-
13 076
-
Corporate
37 347
122 500
-
-
surtax
393
1 287
-
-
communal
2 522
8 269
-
-
income
5 602
18 375
-
-
total
8 517
27 931
-
-
Dividends
28 830
94 570
-
-
income
14 464
6 306
-
-
withholding
4 325
14 185
-
-
total
18 789
20 491
-
-
Income
122 500
122 500
122 500
122 500
Total tax
57 872
48 422
50 956
55 850
After tax
64 628
74 078
71 544
66 650
Living cost
54 585
54 585
54 585
54 585
Free-cash
10 043
19 493
16 959
12 065

Estimated living cost  is ₽54585 per week

₽40947
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.
₽9752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54492
₽51297
₽37045
₽35026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
25 978
pensions
-
-
-
24 499
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
8 698
surtax
-
-
-
3 490
total
-
-
-
62 894
Employee
33 826
-
101 197
-
other
-
-
-
-
health
863
-
2 579
-
surtax
120
-
3 172
-
income
5 671
-
24 066
-
pensions
2 257
-
6 750
-
unemployment
2 354
-
7 043
-
total
11 265
-
43 610
-
Employer
33 826
-
101 197
-
other
-
-
-
-
unemployment
1 073
-
3 208
-
pensions
4 510
-
13 490
-
health
1 538
-
4 605
-
total
7 121
-
21 303
-
Corporate
81 553
122 500
-
-
income
21 204
31 849
-
-
total
21 204
31 849
-
-
Dividends
60 349
90 651
-
-
withholding
9 052
13 598
-
-
total
9 052
13 598
-
-
Income
122 500
122 500
122 500
122 500
Total tax
48 642
45 447
64 913
62 894
After tax
73 858
77 053
57 587
59 606
Living cost
22 561
22 561
22 561
22 561
Free-cash
51 297
54 492
35 026
37 045

Estimated living cost  is ₽22561 per week

₽13621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37331
₽35104
₽33797
₽27998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
728
regional
-
-
-
1 848
national
-
-
-
27 562
social contributions
-
-
-
31 508
total
-
-
-
61 646
Employee
55 717
-
122 500
-
social contributions
18 788
-
41 307
-
regional
750
-
1 648
-
municipal
295
-
650
-
national
8 827
-
23 840
-
total
28 660
-
67 445
-
Employer
55 717
-
122 500
-
total
-
-
-
-
Corporate
66 783
122 500
-
-
nationa
16 028
29 400
-
-
municipal
3 319
6 088
-
-
total
19 347
35 488
-
-
Dividends
47 436
87 012
-
-
withholding
12 332
22 624
-
-
total
12 332
22 624
-
-
Income
122 500
122 500
122 500
122 500
Total tax
60 339
58 112
67 445
61 646
After tax
62 161
64 388
55 055
60 854
Living cost
27 057
27 057
27 057
27 057
Free-cash
35 104
37 331
27 998
33 797

Estimated living cost  is ₽27057 per week

₽16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54742
₽44183
₽31089
₽32566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
10 710
health
-
-
-
16 538
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 564
total
-
-
-
61 812
Employee
43 528
-
91 418
-
social contributions
2 829
-
5 942
-
health
5 876
-
12 341
-
solidarity contribution
-
-
-
-
income
5 223
-
10 970
-
total
13 928
-
29 253
-
Employer
43 528
-
91 418
-
social contributions
10 882
-
22 854
-
health
3 918
-
8 228
-
total
14 800
-
31 082
-
Corporate
64 172
122 500
-
-
income
12 193
23 275
-
-
total
12 193
23 275
-
-
Dividends
51 979
99 225
-
-
withholding
7 797
14 884
-
-
total
7 797
14 884
-
-
Income
122 500
122 500
122 500
122 500
Total tax
48 718
38 159
60 335
61 812
After tax
73 782
84 341
62 165
60 688
Living cost
29 599
29 599
29 599
29 599
Free-cash
44 183
54 742
32 566
31 089

Estimated living cost  is ₽29599 per week

₽22012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36363
₽35865
₽29152
₽2318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
chamber of commerce
-
-
-
490
income
-
-
-
23 967
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
-
total
-
-
-
61 303
Employee
43 907
40 028
95 125
-
other
438
400
951
-
health
1 698
1 550
3 681
-
income
3 911
2 953
20 710
-
pensions
4 497
4 098
9 740
-
unemployment
1 317
1 201
2 853
-
total
11 861
10 202
37 935
-
Employer
43 907
40 028
95 125
-
accident
570
520
1 237
-
other
2 085
1 900
4 517
-
chamber of commerce
175
160
381
-
unemployment
1 317
1 201
2 853
-
surtax
-
-
-
-
pensions
5 511
5 024
11 938
-
payroll
1 317
1 201
2 853
-
health
1 660
1 513
3 595
-
total
12 635
11 519
27 374
-
Corporate
65 958
70 951
91 312
-
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.

16 490
17 738
22 828
-
total
16 490
17 738
22 828
-
Dividends
49 468
53 213
-
-
withholding
13 604
14 633
-
-
total
13 604
14 633
-
-
Income
122 500
122 500
122 500
122 500
Total tax
54 590
54 092
88 137
61 303
After tax
67 910
68 408
34 363
61 197
Living cost
32 045
32 045
32 045
32 045
Free-cash
35 865
36 363
2 318
29 152

Estimated living cost  is ₽32045 per week

₽19223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102195
₽99536
₽107095
₽83820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
122 500
microenterprise

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

-
-
-
1 225
total
-
-
-
1 225
Employee
17 726
-
122 500
-
income
3 545
-
24 500
-
total
3 545
-
24 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

104 774
122 500
-
-
total
-
-
-
-
Dividends
104 774
122 500
-
-
withholding
5 239
6 125
-
-
total
5 239
6 125
-
-
Income
122 500
122 500
122 500
122 500
Total tax
8 784
6 125
24 500
1 225
After tax
113 716
116 375
98 000
121 275
Living cost
14 180
14 180
14 180
14 180
Free-cash
99 536
102 195
83 820
107 095

Estimated living cost  is ₽14180 per week

₽9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽595
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.
₽3513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57401
₽48999
₽35472
₽31958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
income
-
-
-
25 480
pensions
-
-
-
22 372
unemployment
-
-
-
183
health
-
-
-
12 052
total
-
-
-
60 087
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.

44 416
-
105 997
-
health
2 869
-
6 849
-
income
7 660
-
23 671
-
pensions
6 885
-
16 429
-
unemployment
63
-
149
-
total
17 477
-
47 098
-
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.

44 416
-
105 997
-
unemployment
27
-
63
-
pensions
3 930
-
9 380
-
health
2 958
-
7 060
-
total
6 915
-
16 503
-
Corporate
71 168
122 500
-
-
income
13 522
23 275
-
-
total
13 522
23 275
-
-
Dividends
57 646
99 225
-
-
withholding
8 646
14 883
-
-
total
8 646
14 883
-
-
Income
122 500
122 500
122 500
122 500
Total tax
46 560
38 158
63 601
60 087
After tax
75 940
84 342
58 899
62 413
Living cost
26 941
26 941
26 941
26 941
Free-cash
48 999
57 401
31 958
35 472

Estimated living cost  is ₽26941 per week

₽18489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30965
-₽28041
₽41093
₽65654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
23 878
social contributions
-
-
-
13 965
total
-
-
-
37 843
Employee
62 465
-
-
-
social contributions
5 122
-
730
-
income
13 779
-
-
-
total
18 901
-
730
-
Employer
62 465
-
-
-
social contributions
88 076
-
12 552
-
total
88 076
-
12 552
-
Corporate
-
122 500
-
-
income
-
26 950
-
-
total
-
26 950
-
-
Dividends
-
95 550
-
-
income
-
21 021
-
-
total
-
21 021
-
-
Income
122 500
122 500
122 500
122 500
Total tax
106 977
47 971
13 282
37 843
After tax
15 523
74 529
109 218
84 657
Living cost
43 564
43 564
43 564
43 564
Free-cash
-28 041
30 965
65 654
41 093

Estimated living cost  is ₽43564 per week

₽28266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38172
₽37159
₽35916
₽28303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
income
-
-
-
12 509
surtax
-
-
-
-
social contributions

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

-
-
-
42 569
total
-
-
-
55 078
Employee
46 196
-
98 990
-
social contributions
5 082
-
10 890
-
surtax
-
-
-
-
income
9 609
-
28 291
-
total
14 691
-
39 181
-
Employer
46 196
-
98 990
-
social contributions
10 972
-
23 510
-
total
10 972
-
23 510
-
Corporate
65 332
122 500
-
-
surtax
-
-
-
-
income
13 720
25 725
-
-
total
13 720
25 725
-
-
Dividends
51 612
96 775
-
-
withholding
14 452
27 097
-
-
total
14 452
27 097
-
-
Income
122 500
122 500
122 500
122 500
Total tax
53 835
52 822
62 691
55 078
After tax
68 665
69 678
59 809
67 422
Living cost
31 506
31 506
31 506
31 506
Free-cash
37 159
38 172
28 303
35 916

Estimated living cost  is ₽31506 per week

₽23573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13228
₽20133
₽21401
₽24864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
14 787
pensions
-
-
-
27 031
other
-
-
-
3 797
health
-
-
-
3 481
surtax
-
-
-
-
social contributions
-
-
-
3 490
total
-
-
-
52 586
Employee
62 910
-
97 873
-
social contributions
1 792
-
2 789
-
surtax
-
-
-
-
income
5 489
-
16 217
-
pensions
7 115
-
5 493
-
total
14 396
-
24 499
-
Employer
62 910
-
97 873
-
other
2 171
-
3 376
-
social contributions
189
-
294
-
unemployment
2 548
-
3 965
-
pensions
10 337
-
9 485
-
health
4 403
-
7 504
-
total
19 648
-
24 624
-
Corporate
39 942
122 500
-
-
surtax
-
-
-
-
income
11 183
34 300
-
-
total
11 183
34 300
-
-
Dividends
28 759
88 200
-
-
surtax
-
-
-
-
social contributions
4 946
15 169
-
-
withholding
3 681
11 290
-
-
total
8 627
26 459
-
-
Income
122 500
122 500
122 500
122 500
Total tax
53 854
60 759
49 123
52 586
After tax
68 646
61 741
73 377
69 914
Living cost
48 513
48 513
48 513
48 513
Free-cash
20 133
13 228
24 864
21 401

Estimated living cost  is ₽48513 per week

₽32833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽665
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80056
₽76683
₽61901
₽65157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
3 456
social contributions
-
-
-
26 950
total
-
-
-
30 406
Employee
32 292
-
106 060
-
income
-
-
3 818
-
social contributions
2 099
-
6 892
-
total
2 099
-
10 710
-
Employer
32 292
-
106 060
-
social contributions
5 005
-
16 440
-
total
5 005
-
16 440
-
Corporate
85 203
122 500
-
-
income
8 520
12 251
-
-
total
8 520
12 251
-
-
Dividends
76 683
110 249
-
-
total
-
-
-
-
Income
122 500
122 500
122 500
122 500
Total tax
15 624
12 251
27 150
30 406
After tax
106 876
110 249
95 350
92 094
Living cost
30 193
30 193
30 193
30 193
Free-cash
76 683
80 056
65 157
61 901

Estimated living cost  is ₽30193 per week

₽19522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2276
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.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽96345
-₽96345
₽26296
-₽96345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
23 901
pensions
-
-
-
871
national
-
-
-
13 328
labour market
-
-
-
9 730
total
-
-
-
47 830
Employee
204 176
204 176
204 176
-
labour market
16 311
16 311
16 311
-
national
24 944
24 944
24 944
-
municipal
43 478
43 478
43 478
-
pensions
290
290
290
-
total
85 023
85 023
85 023
-
Employer
204 176
204 176
204 176
-
labour market
16 334
16 334
16 334
-
municipal
43 547
43 547
43 547
-
pensions
580
580
580
-
national
24 987
24 987
24 987
-
total
85 448
85 448
85 448
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
122 500
122 500
122 500
122 500
Total tax
170 471
170 471
170 471
47 830
After tax
-47 971
-47 971
-47 971
74 670
Living cost
48 374
48 374
48 374
48 374
Free-cash
-96 345
-96 345
-96 345
26 296

Estimated living cost  is ₽48374 per week

₽33108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽744
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11796
₽6592
₽62218
₽42923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
253
income
-
-
-
31 585
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
38 563
Employee
34 165
-
107 050
-
health
3 912
-
12 257
-
income
4 687
-
22 506
-
pensions
3 847
-
7 645
-
total
12 446
-
42 408
-
Employer
34 165
-
107 050
-
accident
570
-
1 788
-
unemployment
837
-
2 623
-
pensions
5 555
-
11 039
-
total
6 962
-
15 450
-
Corporate
81 372
122 500
-
-
income

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

73 235
110 250
-
-
total
73 235
110 250
-
-
Dividends
8 137
12 250
-
-
withholding
1 546
2 327
-
-
total
1 546
2 327
-
-
Income
122 500
122 500
122 500
122 500
Total tax
94 189
112 577
57 858
38 563
After tax
28 311
9 923
64 642
83 937
Living cost
21 719
21 719
21 719
21 719
Free-cash
6 592
-11 796
42 923
62 218

Estimated living cost  is ₽21719 per week

₽15809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41203
₽41167
₽45956
₽29161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
122 500
municipal
-
-
-
21 785
health
-
-
-
1 468
national
-
-
-
14 728
total
-
-
-
37 981
Employee
52 845
-
103 056
-
health
395
-
1 168
-
municipal
8 656
-
16 810
-
pensions
3 566
-
6 955
-
unemployment
793
-
1 546
-
national
873
-
8 853
-
total
14 283
-
35 332
-
Employer
52 845
-
103 056
-
accident
53
-
103
-
unemployment
343
-
669
-
pensions
9 168
-
17 879
-
health
406
-
793
-
total
9 970
-
19 444
-
Corporate
59 684
122 500
-
-
income
11 936
24 499
-
-
total
11 936
24 499
-
-
Dividends

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

35 811
73 501
-
-
national
135
5 005
-
-
municipal
6 446
13 230
-
-
total
6 581
18 235
-
-
Income
122 500
122 500
122 500
122 500
Total tax
42 770
42 734
54 776
37 981
After tax
79 730
79 766
67 724
84 519
Living cost
38 563
38 563
38 563
38 563
Free-cash
41 167
41 203
29 161
45 956

Estimated living cost  is ₽38563 per week

₽25189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽614
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66286
₽60822
₽62637
₽61318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
17 233
health
-
-
-
3 124
social contributions
-
-
-
16 251
total
-
-
-
36 608
Employee
77 236
77 236
111 786
-
social contributions
2 920
6 410
8 646
-
health
599
1 313
1 900
-
income
8 410
7 150
16 667
-
total
11 929
14 873
27 213
-
Employer
77 236
77 236
111 786
-
social contributions
2 920
6 410
8 646
-
health
650
1 430
2 068
-
total
3 570
7 840
10 714
-
Corporate
83 746
37 424
-
-
income
10 468
4 678
-
-
total
10 468
4 678
-
-
Dividends
73 278
32 746
-
-
withholding
12 456
5 568
-
-
total
12 456
5 568
-
-
Income
122 500
122 500
122 500
122 500
Total tax
38 423
32 959
37 927
36 608
After tax
84 077
89 541
84 573
85 892
Living cost
23 255
23 255
23 255
23 255
Free-cash
60 822
66 286
61 318
62 637

Estimated living cost  is ₽23255 per week

₽13937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85496
₽80387
₽84486
₽64337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
122 500
income
-
-
-
12 014
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
22 067
Employee

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

23 055
-
112 684
-
health
1 959
-
8 101
-
income
1 576
-
9 525
-
pensions
3 458
-
14 296
-
unemployment
114
-
477
-
total
7 107
-
32 399
-
Employer

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

23 055
-
112 684
-
unemployment
114
-
477
-
pensions
1 268
-
5 242
-
health
991
-
4 098
-
total
2 373
-
9 817
-
Corporate
97 072
122 500
-
-
income
8 736
11 025
-
-
total
8 736
11 025
-
-
Dividends
88 336
111 475
-
-
withholding
7 950
10 032
-
-
total
7 950
10 032
-
-
Income
122 500
122 500
122 500
122 500
Total tax
26 166
21 057
42 216
22 067
After tax
96 334
101 443
80 284
100 433
Living cost
15 947
15 947
15 947
15 947
Free-cash
80 387
85 496
64 337
84 486

Estimated living cost  is ₽15947 per week

₽10175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54691
₽49597
₽40152
₽35379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
839
income
-
-
-
26 797
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
54 727
Employee
37 140
-
92 889
-
other
36
-
93
-
income
7 160
-
23 993
-
pensions
1 746
-
4 365
-
unemployment
576
-
1 439
-
total
9 518
-
29 890
-
Employer
37 140
-
92 889
-
accident
736
-
1 839
-
other
297
-
741
-
unemployment
2 043
-
5 108
-
pensions
8 764
-
21 922
-
total
11 840
-
29 610
-
Corporate
73 519
122 500
-
-
income

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

11 029
18 375
-
-
total
11 029
18 375
-
-
Dividends
62 491
104 125
-
-
withholding
12 895
21 813
-
-
total
12 895
21 813
-
-
Income
122 500
122 500
122 500
122 500
Total tax
45 282
40 188
59 500
54 727
After tax
77 218
82 312
63 000
67 773
Living cost
27 621
27 621
27 621
27 621
Free-cash
49 597
54 691
35 379
40 152

Estimated living cost  is ₽27621 per week

₽18644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2655
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.
₽5838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73690
₽73239
₽75260
₽75064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
41 029
pensions
-
-
-
2 006
health
-
-
-
1 455
total
-
-
-
44 490
Employee
4 189
-
120 243
-
health
209
-
502
-
income
810
-
40 924
-
pensions
377
-
903
-
unemployment
42
-
100
-
total
1 438
-
42 429
-
Employer
4 189
-
120 243
-
unemployment
84
-
201
-
pensions
461
-
1 103
-
health
398
-
953
-
total
943
-
2 257
-
Corporate
117 368
122 500
-
-
income
25 821
26 950
-
-
total
25 821
26 950
-
-
Dividends
91 547
95 550
-
-
withholding
18 309
19 110
-
-
total
18 309
19 110
-
-
Income
122 500
122 500
122 500
122 500
Total tax
46 511
46 060
44 686
44 490
After tax
75 989
76 440
77 814
78 010
Living cost
2 750
2 750
2 750
2 750
Free-cash
73 239
73 690
75 064
75 260

Estimated living cost  is ₽2750 per week

₽1635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71136
₽66196
₽50643
₽50641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
income
-
-
-
26 430
pensions
-
-
-
19 299
unemployment
-
-
-
1 113
health
-
-
-
7 645
total
-
-
-
54 487
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.

26 193
-
109 213
-
health
1 349
-
3 823
-
income
3 610
-
26 430
-
pensions
3 667
-
10 392
-
unemployment
196
-
557
-
total
8 822
-
41 202
-
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.

26 193
-
109 213
-
unemployment
196
-
557
-
pensions
3 143
-
8 907
-
health
1 349
-
3 823
-
total
4 688
-
13 287
-
Corporate
91 619
122 500
-
-
income
13 743
18 375
-
-
total
13 743
18 375
-
-
Dividends
77 876
104 125
-
-
withholding
11 681
15 619
-
-
total
11 681
15 619
-
-
Income
122 500
122 500
122 500
122 500
Total tax
38 934
33 994
54 489
54 487
After tax
83 566
88 506
68 011
68 013
Living cost
17 370
17 370
17 370
17 370
Free-cash
66 196
71 136
50 641
50 643

Estimated living cost  is ₽17370 per week

₽11695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1344
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.
₽3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42599
₽42236
₽40343
₽32730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
income
-
-
-
12 509
surtax
-
-
-
-
social contributions

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

-
-
-
42 569
total
-
-
-
55 078
Employee
38 984
-
98 990
-
social contributions
4 289
-
10 890
-
surtax
-
-
-
-
income
7 617
-
28 291
-
total
11 906
-
39 181
-
Employer
38 984
-
98 990
-
social contributions
9 258
-
23 510
-
total
9 258
-
23 510
-
Corporate
74 258
122 500
-
-
surtax
-
-
-
-
income
15 594
25 725
-
-
total
15 594
25 725
-
-
Dividends
58 664
96 775
-
-
withholding
16 427
27 097
-
-
total
16 427
27 097
-
-
Income
122 500
122 500
122 500
122 500
Total tax
53 185
52 822
62 691
55 078
After tax
69 315
69 678
59 809
67 422
Living cost
27 079
27 079
27 079
27 079
Free-cash
42 236
42 599
32 730
40 343

Estimated living cost  is ₽27079 per week

₽19179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1881
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.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47012
₽39525
₽32473
₽27700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
839
income
-
-
-
26 797
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
54 727
Employee
48 510
-
92 889
-
other
48
-
93
-
income
10 132
-
23 993
-
pensions
2 280
-
4 365
-
unemployment
751
-
1 439
-
total
13 211
-
29 890
-
Employer
48 510
-
92 889
-
accident
961
-
1 839
-
other
389
-
741
-
unemployment
2 669
-
5 108
-
pensions
11 448
-
21 922
-
total
15 467
-
29 610
-
Corporate
58 524
122 500
-
-
income

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

8 780
18 375
-
-
total
8 780
18 375
-
-
Dividends
49 745
104 125
-
-
withholding
10 217
21 813
-
-
total
10 217
21 813
-
-
Income
122 500
122 500
122 500
122 500
Total tax
47 675
40 188
59 500
54 727
After tax
74 825
82 312
63 000
67 773
Living cost
35 300
35 300
35 300
35 300
Free-cash
39 525
47 012
27 700
32 473

Estimated living cost  is ₽35300 per week

₽25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽87462
₽81342
₽77483
₽81699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
18 375
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
27 741
Employee
22 876
-
115 617
-
health
1 052
-
1 614
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
income
2 288
-
11 562
-
pensions

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

2 008
-
3 080
-
total
5 599
-
16 642
-
Employer
22 876
-
115 617
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
unemployment
137
-
210
-
pensions

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

2 521
-
3 866
-
health
1 579
-
2 421
-
total
4 488
-
6 883
-
Corporate
95 135
122 500
-
-
income
9 514
12 250
-
-
total
9 514
12 250
-
-
Dividends
85 622
110 250
-
-
withholding
4 281
5 512
-
-
total
4 281
5 512
-
-
Income
122 500
122 500
122 500
122 500
Total tax
23 882
17 762
23 525
27 741
After tax
98 618
104 738
98 975
94 759
Living cost
17 276
17 276
17 276
17 276
Free-cash
81 342
87 462
81 699
77 483

Estimated living cost  is ₽17276 per week

₽11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24356
₽37496
₽32401
₽43279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
trade
-
-
-
10 878
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.

-
-
-
31 830
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.

-
-
-
6 862
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.

-
-
-
1 750
total
-
-
-
51 320
Employee

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

49 977
-
122 500
-
health

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

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

6 862
-
6 862
-
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.

227
-
1 750
-
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.

4 110
-
31 830
-
total
11 199
-
40 442
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
72 523
122 500
-
-
surtax

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

599
1 010
-
-
income
10 878
18 375
-
-
trade
10 407
17 578
-
-
chamber of commerce
259
332
-
-
total
22 143
37 295
-
-
Dividends
50 380
85 205
-
-
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.

671
1 151
-
-
withholding
12 212
20 919
-
-
total
12 883
22 070
-
-
Income
122 500
122 500
122 500
122 500
Total tax
46 225
59 365
40 442
51 320
After tax
76 275
63 135
82 058
71 180
Living cost
38 779
38 779
38 779
38 779
Free-cash
37 496
24 356
43 279
32 401

Estimated living cost  is ₽38779 per week

₽26750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28533
₽30752
₽21525
₽21525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
32 398
social contributions
-
-
-
11 360
total
-
-
-
43 758
Employee
78 569
-
122 500
-
income
14 826
-
32 398
-
social contributions
6 527
-
11 360
-
total
21 353
-
43 758
-
Employer
78 569
-
122 500
-
total
-
-
-
-
Corporate
43 931
122 500
-
-
income
5 491
15 312
-
-
total
5 491
15 312
-
-
Dividends
38 439
107 188
-
-
withholding
7 687
21 438
-
-
total
7 687
21 438
-
-
Income
122 500
122 500
122 500
122 500
Total tax
34 531
36 750
43 758
43 758
After tax
87 969
85 750
78 742
78 742
Living cost
57 217
57 217
57 217
57 217
Free-cash
30 752
28 533
21 525
21 525

Estimated living cost  is ₽57217 per week

₽43530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37856
₽41366
₽50717
₽53850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
income
-
-
-
28 592
health

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

-
-
-
6 730
total
-
-
-
35 322
Employee
46 078
-
117 880
-
income
5 000
-
22 949
-
social contributions
4 617
-
4 620
-
total
9 617
-
27 569
-
Employer
46 078
-
117 880
-
social contributions
4 617
-
4 620
-
total
4 617
-
4 620
-
Corporate
71 806
122 500
-
-
income
25 132
42 876
-
-
total
25 132
42 876
-
-
Dividends
46 674
79 624
-
-
social contributions
5 307
5 307
-
-
total
5 307
5 307
-
-
Income
122 500
122 500
122 500
122 500
Total tax
44 673
48 183
32 189
35 322
After tax
77 827
74 317
90 311
87 178
Living cost
36 461
36 461
36 461
36 461
Free-cash
41 366
37 856
53 850
50 717

Estimated living cost  is ₽36461 per week

₽24017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48768
₽48854
₽48039
₽36652
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
income
-
-
-
29 251
pensions
-
-
-
7 942
total
-
-
-
37 193
Employee
51 155
-
107 514
-
health
667
-
1 770
-
income
9 316
-
21 659
-
pensions
3 904
-
10 165
-
total
13 887
-
33 594
-
Employer
51 155
-
107 514
-
pensions
5 168
-
12 944
-
health
972
-
2 042
-
total
6 140
-
14 986
-
Corporate
65 204
122 500
-
-
income

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

12 389
23 274
-
-
total
12 389
23 274
-
-
Dividends
52 815
99 226
-
-
withholding
3 962
13 190
-
-
total
3 962
13 190
-
-
Income
122 500
122 500
122 500
122 500
Total tax
36 378
36 464
48 580
37 193
After tax
86 122
86 036
73 920
85 307
Living cost
37 268
37 268
37 268
37 268
Free-cash
48 854
48 768
36 652
48 039

Estimated living cost  is ₽37268 per week

₽25565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽13946
₽6260
₽60068
₽40773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
accident
-
-
-
253
income
-
-
-
31 585
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
38 563
Employee
37 547
-
107 050
-
health
4 299
-
12 257
-
income
5 151
-
22 506
-
pensions
4 228
-
7 645
-
total
13 678
-
42 408
-
Employer
37 547
-
107 050
-
accident
627
-
1 788
-
unemployment
920
-
2 623
-
pensions
6 105
-
11 039
-
total
7 652
-
15 450
-
Corporate
77 302
122 500
-
-
income

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

69 572
110 250
-
-
total
69 572
110 250
-
-
Dividends
7 730
12 250
-
-
withholding
1 469
2 327
-
-
total
1 469
2 327
-
-
Income
122 500
122 500
122 500
122 500
Total tax
92 371
112 577
57 858
38 563
After tax
30 129
9 923
64 642
83 937
Living cost
23 869
23 869
23 869
23 869
Free-cash
6 260
-13 946
40 773
60 068

Estimated living cost  is ₽23869 per week

₽17517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₽89518
₽84818
₽55873
₽67474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
122 500
work injury
-
-
-
612
health insurance
-
-
-
9 065
income
-
-
-
19 374
pensions
-
-
-
22 540
unemployment
-
-
-
1 470
total
-
-
-
53 061
Employee

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

21 706
-
122 500
-
work injury
109
-
402
-
income
2 171
-
19 374
-
pensions
3 994
-
14 777
-
health insurance
1 606
-
5 943
-
unemployment
260
-
964
-
total
8 140
-
41 460
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
100 794
122 500
-
-
income

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

1 008
1 225
-
-
total
1 008
1 225
-
-
Dividends
99 786
121 275
-
-
withholding
14 968
18 191
-
-
total
14 968
18 191
-
-
Income
122 500
122 500
122 500
122 500
Total tax
24 116
19 416
41 460
53 061
After tax
98 384
103 084
81 040
69 439
Living cost
13 566
13 566
13 566
13 566
Free-cash
84 818
89 518
67 474
55 873

Estimated living cost  is ₽13566 per week

₽8404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24510
₽19943
₽19946
₽14344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
122 500
municipal
-
-
-
820
regional
-
-
-
2 650
national
-
-
-
27 562
social contributions
-
-
-
31 508
total
-
-
-
62 540
Employee
84 640
-
122 500
-
social contributions
28 540
-
41 307
-
regional
1 278
-
2 265
-
municipal
505
-
730
-
national
14 303
-
23 840
-
total
44 626
-
68 142
-
Employer
84 640
-
122 500
-
total
-
-
-
-
Corporate
37 860
122 500
-
-
nationa
9 086
29 400
-
-
municipal
1 824
5 905
-
-
total
10 910
35 305
-
-
Dividends
26 949
87 195
-
-
withholding
7 007
22 671
-
-
total
7 007
22 671
-
-
Income
122 500
122 500
122 500
122 500
Total tax
62 543
57 976
68 142
62 540
After tax
59 957
64 524
54 358
59 960
Living cost
40 014
40 014
40 014
40 014
Free-cash
19 943
24 510
14 344
19 946

Estimated living cost  is ₽40014 per week

₽28107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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