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
₽ 123000
per

Your estimated
City
free-cash

Valencia , Spain
₽57037
₽44287
₽47585
₽60559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
unemployment
-
-
-
510
income
-
-
-
31 943
other
-
-
-
73
accident
-
-
-
656
pensions
-
-
-
20 618
total
-
-
-
53 800
Employee
29 064
-
99 773
-
unemployment
450
-
1 129
-
pensions
1 366
-
3 425
-
income
5 603
-
29 245
-
other
28
-
73
-
total
7 447
-
33 872
-
Employer
29 064
-
99 773
-
pensions
6 859
-
17 194
-
accident
576
-
1 442
-
unemployment
1 599
-
4 007
-
other
233
-
583
-
total
9 267
-
23 226
-
Corporate
84 669
123 000
-
-
income

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

12 700
18 450
-
-
total
12 700
18 450
-
-
Dividends
71 969
104 550
-
-
withholding
14 934
22 376
-
-
total
14 934
22 376
-
-
Income
123 000
123 000
123 000
123 000
Total tax
44 348
40 826
57 098
53 800
After tax
78 652
82 174
65 902
69 200
Living cost
21 615
21 615
21 615
21 615
Free-cash
57 037
60 559
44 287
47 585

Estimated living cost  is ₽21615 per week

₽14590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2078
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
₽64114
₽49136
₽44913
₽69424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions

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

-
-
-
28 687
income
-
-
-
17 518
other
-
-
-
5 677
health
-
-
-
5 260
total
-
-
-
57 142
Employee
28 540
-
98 242
-
health
400
-
1 375
-
unemployment
285
-
983
-
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.

1 997
-
6 877
-
income
4 914
-
18 926
-
total
7 596
-
28 161
-
Employer
28 540
-
98 242
-
health
400
-
1 375
-
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.

4 852
-
16 702
-
accident
228
-
786
-
unemployment
285
-
983
-
other
1 428
-
4 912
-
total
7 193
-
24 758
-
Corporate
87 267
123 000
-
-
income
18 326
25 829
-
-
total
18 326
25 829
-
-
Dividends
68 941
97 171
-
-
withholding
4 826
6 802
-
-
total
4 826
6 802
-
-
Income
123 000
123 000
123 000
123 000
Total tax
37 941
32 631
52 919
57 142
After tax
85 059
90 369
70 081
65 858
Living cost
20 945
20 945
20 945
20 945
Free-cash
64 114
69 424
49 136
44 913

Estimated living cost  is ₽20945 per week

₽14799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
₽91213
₽91577
₽86920
₽94863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions

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

-
-
-
4 062
unemployment
-
-
-
110
income
-
-
-
18 450
health
-
-
-
3 156
total
-
-
-
25 778
Employee
13 641
-
117 615
-
health
627
-
1 262
-
accident

We are using the highest rate at 1.1%.

150
-
302
-
pensions

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

1 198
-
2 410
-
income
1 364
-
11 762
-
total
3 339
-
15 736
-
Employer
13 641
-
117 615
-
health
942
-
1 894
-
pensions

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

1 503
-
3 024
-
accident

We are using the highest rate at 1.1%.

150
-
302
-
unemployment
82
-
165
-
total
2 677
-
5 385
-
Corporate
106 683
123 000
-
-
income
10 668
12 300
-
-
total
10 668
12 300
-
-
Dividends
96 014
110 700
-
-
withholding
4 801
5 535
-
-
total
4 801
5 535
-
-
Income
123 000
123 000
123 000
123 000
Total tax
21 485
17 835
21 121
25 778
After tax
101 515
105 165
101 879
97 222
Living cost
10 302
10 302
10 302
10 302
Free-cash
91 213
94 863
91 577
86 920

Estimated living cost  is ₽10302 per week

₽6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
₽39741
₽42428
₽42671
₽35100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
17 995
other
-
-
-
3 813
health
-
-
-
4 718
social contributions
-
-
-
3 504
pensions
-
-
-
23 406
surtax
-
-
-
-
total
-
-
-
53 436
Employee
33 641
-
96 173
-
pensions
3 804
-
6 281
-
income
1 985
-
17 832
-
social contributions
959
-
2 740
-
surtax
-
-
-
-
total
6 748
-
26 853
-
Employer
33 641
-
96 173
-
health
2 355
-
8 418
-
social contributions
101
-
288
-
pensions
5 527
-
10 646
-
unemployment
1 362
-
3 895
-
other
1 161
-
3 579
-
total
10 506
-
26 826
-
Corporate
78 853
123 000
-
-
income
22 079
34 439
-
-
surtax
-
-
-
-
total
22 079
34 439
-
-
Dividends
56 774
88 561
-
-
social contributions
9 766
15 233
-
-
surtax
-
-
-
-
withholding
7 267
11 335
-
-
total
17 033
26 568
-
-
Income
123 000
123 000
123 000
123 000
Total tax
56 366
61 007
53 679
53 436
After tax
66 634
61 993
69 321
69 564
Living cost
26 893
26 893
26 893
26 893
Free-cash
39 741
35 100
42 428
42 671

Estimated living cost  is ₽26893 per week

₽16957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and 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
Rotterdam , Netherlands
₽22923
₽42241
₽36054
₽27740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions
-
-
-
9 209
income
-
-
-
35 116
health
-
-
-
9 693
total
-
-
-
54 018
Employee
67 124
67 124
108 392
-
health
10 303
8 763
9 693
-
pensions
12 082
9 209
9 209
-
income

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

10 987
10 987
14 321
-
total
33 372
28 959
33 223
-
Employer
67 124
67 124
108 392
-
health
4 666
4 666
5 798
-
pensions
4 672
4 672
5 807
-
unemployment
2 416
2 416
3 003
-
total
11 754
11 754
14 608
-
Corporate
44 945
44 121
-
-
income
8 989
8 825
-
-
total
8 989
8 825
-
-
Dividends
35 956
35 297
-
-
income
7 640
7 500
-
-
withholding
5 394
5 294
-
-
total
13 034
12 794
-
-
Income
123 000
123 000
123 000
123 000
Total tax
67 149
62 332
47 831
54 018
After tax
55 851
60 668
75 169
68 982
Living cost
32 928
32 928
32 928
32 928
Free-cash
22 923
27 740
42 241
36 054

Estimated living cost  is ₽32928 per week

₽23335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2968
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.
₽6101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
₽46945
₽55518
₽41901
₽38256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
123 000
trade
-
-
-
13 617
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.

-
-
-
36 307
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.

-
-
-
5 370
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.

-
-
-
1 997
total
-
-
-
57 291
Employee

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

30 064
-
123 000
-
health

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

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

5 370
-
5 370
-
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.

840
-
36 307
-
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.

46
-
1 997
-
total
6 256
-
43 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
92 936
123 000
-
-
income
13 941
18 450
-
-
trade
14 638
19 372
-
-
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.

767
1 014
-
-
chamber of commerce
254
295
-
-
total
29 600
39 131
-
-
Dividends
63 337
83 868
-
-
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.

855
1 137
-
-
withholding
15 536
20 668
-
-
total
16 391
21 805
-
-
Income
123 000
123 000
123 000
123 000
Total tax
52 247
60 936
43 674
57 291
After tax
70 753
62 064
79 326
65 709
Living cost
23 808
23 808
23 808
23 808
Free-cash
46 945
38 256
55 518
41 901

Estimated living cost  is ₽23808 per week

₽14976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽445
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Larnaca , Cyprus
₽67305
₽65521
₽66646
₽71580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
22 300
health
-
-
-
3 137
social contributions
-
-
-
12 718
total
-
-
-
38 155
Employee
60 443
60 443
114 123
-
health
468
1 028
1 941
-
income
6 581
5 595
21 696
-
social contributions
2 285
5 016
6 766
-
total
9 334
11 639
30 403
-
Employer
60 443
60 443
114 123
-
health
509
1 119
2 111
-
social contributions
2 285
5 016
6 766
-
total
2 794
6 135
8 877
-
Corporate
92 672
56 422
-
-
income
11 584
7 053
-
-
total
11 584
7 053
-
-
Dividends
81 088
49 370
-
-
withholding
13 784
8 394
-
-
total
13 784
8 394
-
-
Income
123 000
123 000
123 000
123 000
Total tax
37 496
33 221
39 280
38 155
After tax
85 504
89 779
83 720
84 845
Living cost
18 199
18 199
18 199
18 199
Free-cash
67 305
71 580
65 521
66 646

Estimated living cost  is ₽18199 per week

₽10907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1786
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
₽44515
₽32885
₽41773
₽45308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
income
-
-
-
13 830
social contributions

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

-
-
-
42 742
surtax
-
-
-
-
total
-
-
-
56 572
Employee
36 152
-
99 393
-
income
7 520
-
30 921
-
social contributions
3 977
-
10 934
-
surtax
-
-
-
-
total
11 497
-
41 855
-
Employer
36 152
-
99 393
-
social contributions
8 586
-
23 605
-
total
8 586
-
23 605
-
Corporate
78 262
123 000
-
-
income
16 435
25 829
-
-
surtax
-
-
-
-
total
16 435
25 829
-
-
Dividends
61 827
97 171
-
-
withholding
17 312
27 208
-
-
total
17 312
27 208
-
-
Income
123 000
123 000
123 000
123 000
Total tax
53 830
53 037
65 460
56 572
After tax
69 170
69 963
57 540
66 428
Living cost
24 655
24 655
24 655
24 655
Free-cash
44 515
45 308
32 885
41 773

Estimated living cost  is ₽24655 per week

₽18447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1454
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.
₽4342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
₽109602
₽92296
₽115666
₽110746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
123 000
microenterprise

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

-
-
-
1 230
total
-
-
-
1 230
Employee
7 629
-
123 000
-
income
1 526
-
24 600
-
total
1 526
-
24 600
-
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%.

115 371
123 000
-
-
total
-
-
-
-
Dividends
115 371
123 000
-
-
withholding
5 768
6 150
-
-
total
5 768
6 150
-
-
Income
123 000
123 000
123 000
123 000
Total tax
7 294
6 150
24 600
1 230
After tax
115 706
116 850
98 400
121 770
Living cost
6 104
6 104
6 104
6 104
Free-cash
109 602
110 746
92 296
115 666

Estimated living cost  is ₽6104 per week

₽3782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽168
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽1646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Ljubljana , Slovenia
₽57028
₽36520
₽39775
₽63602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
pensions
-
-
-
22 463
unemployment
-
-
-
185
income
-
-
-
27 391
health
-
-
-
12 103
total
-
-
-
62 142
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.

34 759
-
106 428
-
health
2 245
-
6 875
-
unemployment
49
-
149
-
pensions
5 388
-
16 496
-
income
5 994
-
25 308
-
total
13 676
-
48 828
-
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.

34 759
-
106 428
-
health
2 315
-
7 087
-
pensions
3 076
-
9 418
-
unemployment
21
-
64
-
total
5 412
-
16 569
-
Corporate
82 830
123 000
-
-
income
15 737
23 370
-
-
total
15 737
23 370
-
-
Dividends
67 093
99 630
-
-
withholding
10 064
14 945
-
-
total
10 064
14 945
-
-
Income
123 000
123 000
123 000
123 000
Total tax
44 889
38 315
65 397
62 142
After tax
78 111
84 685
57 603
60 858
Living cost
21 083
21 083
21 083
21 083
Free-cash
57 028
63 602
36 520
39 775

Estimated living cost  is ₽21083 per week

₽14469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
₽50010
₽59865
₽67122
₽47263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
income
-
-
-
22 375
health

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

-
-
-
4 970
total
-
-
-
27 345
Employee
36 059
-
119 384
-
social contributions
3 613
-
3 616
-
income
3 913
-
27 370
-
total
7 526
-
30 986
-
Employer
36 059
-
119 384
-
social contributions
3 613
-
3 616
-
total
3 613
-
3 616
-
Corporate
83 328
123 000
-
-
income
29 165
43 051
-
-
total
29 165
43 051
-
-
Dividends
54 164
79 949
-
-
social contributions
4 153
4 153
-
-
total
4 153
4 153
-
-
Income
123 000
123 000
123 000
123 000
Total tax
44 457
47 204
34 602
27 345
After tax
78 543
75 796
88 398
95 655
Living cost
28 533
28 533
28 533
28 533
Free-cash
50 010
47 263
59 865
67 122

Estimated living cost  is ₽28533 per week

₽18795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
₽58782
₽60239
₽62322
₽58374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
18 450
health
-
-
-
8 586
social contributions
-
-
-
16 974
total
-
-
-
44 010
Employee
26 651
-
123 000
-
health
1 860
-
8 586
-
income
4 445
-
20 533
-
social contributions
3 678
-
16 974
-
total
9 983
-
46 093
-
Employer
26 651
-
123 000
-
total
-
-
-
-
Corporate
96 349
123 000
-
-
income

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

4 818
6 150
-
-
total
4 818
6 150
-
-
Dividends
91 531
116 850
-
-
social contributions
12 631
16 125
-
-
withholding
13 729
17 527
-
-
health
6 389
8 156
-
-
total
32 749
41 808
-
-
Income
123 000
123 000
123 000
123 000
Total tax
47 550
47 958
46 093
44 010
After tax
75 450
75 042
76 907
78 990
Living cost
16 668
16 668
16 668
16 668
Free-cash
58 782
58 374
60 239
62 322

Estimated living cost  is ₽16668 per week

₽11155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
₽54834
₽41267
₽46596
₽62683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
12 105
health
-
-
-
16 605
social contributions
-
-
-
25 692
solidarity contribution
-
-
-
-
total
-
-
-
54 402
Employee
32 356
-
92 663
-
health
4 368
-
12 510
-
solidarity contribution
-
-
-
-
income
3 883
-
11 165
-
social contributions
2 103
-
5 719
-
total
10 354
-
29 394
-
Employer
32 356
-
92 663
-
health
2 912
-
8 340
-
social contributions
8 089
-
21 997
-
total
11 001
-
30 337
-
Corporate
79 644
123 000
-
-
income
15 132
23 370
-
-
total
15 132
23 370
-
-
Dividends
64 511
99 630
-
-
withholding
9 677
14 945
-
-
total
9 677
14 945
-
-
Income
123 000
123 000
123 000
123 000
Total tax
46 164
38 315
59 731
54 402
After tax
76 836
84 685
63 269
68 598
Living cost
22 002
22 002
22 002
22 002
Free-cash
54 834
62 683
41 267
46 596

Estimated living cost  is ₽22002 per week

₽16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
₽105555
₽88889
₽112259
₽107339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
123 000
microenterprise

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

-
-
-
1 230
total
-
-
-
1 230
Employee
11 889
-
123 000
-
income
2 378
-
24 600
-
total
2 378
-
24 600
-
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%.

111 111
123 000
-
-
total
-
-
-
-
Dividends
111 111
123 000
-
-
withholding
5 556
6 150
-
-
total
5 556
6 150
-
-
Income
123 000
123 000
123 000
123 000
Total tax
7 934
6 150
24 600
1 230
After tax
115 066
116 850
98 400
121 770
Living cost
9 511
9 511
9 511
9 511
Free-cash
105 555
107 339
88 889
112 259

Estimated living cost  is ₽9511 per week

₽6436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Paris , France
₽29429
₽31356
₽31599
₽24028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
17 995
other
-
-
-
3 813
health
-
-
-
4 718
social contributions
-
-
-
3 504
pensions
-
-
-
23 406
surtax
-
-
-
-
total
-
-
-
53 436
Employee
49 231
-
96 173
-
pensions
5 568
-
6 281
-
income
4 296
-
17 832
-
social contributions
1 402
-
2 740
-
surtax
-
-
-
-
total
11 266
-
26 853
-
Employer
49 231
-
96 173
-
health
3 446
-
8 418
-
social contributions
148
-
288
-
pensions
8 089
-
10 646
-
unemployment
1 994
-
3 895
-
other
1 699
-
3 579
-
total
15 376
-
26 826
-
Corporate
58 393
123 000
-
-
income
16 350
34 439
-
-
surtax
-
-
-
-
total
16 350
34 439
-
-
Dividends
42 043
88 561
-
-
social contributions
7 232
15 233
-
-
surtax
-
-
-
-
withholding
5 382
11 335
-
-
total
12 614
26 568
-
-
Income
123 000
123 000
123 000
123 000
Total tax
55 606
61 007
53 679
53 436
After tax
67 394
61 993
69 321
69 564
Living cost
37 965
37 965
37 965
37 965
Free-cash
29 429
24 028
31 356
31 599

Estimated living cost  is ₽37965 per week

₽25694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3106
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
₽71459
₽60079
₽60077
₽75315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
pensions
-
-
-
15 059
unemployment
-
-
-
869
income
-
-
-
27 476
health
-
-
-
5 966
total
-
-
-
49 370
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.

20 437
-
112 633
-
health
1 053
-
2 983
-
unemployment
153
-
434
-
pensions
2 861
-
8 108
-
income
2 817
-
27 476
-
total
6 884
-
39 001
-
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.

20 437
-
112 633
-
health
1 053
-
2 983
-
pensions
2 452
-
6 950
-
unemployment
153
-
434
-
total
3 658
-
10 367
-
Corporate
98 904
123 000
-
-
income
14 836
18 450
-
-
total
14 836
18 450
-
-
Dividends
84 069
104 550
-
-
withholding
12 610
15 682
-
-
total
12 610
15 682
-
-
Income
123 000
123 000
123 000
123 000
Total tax
37 988
34 132
49 368
49 370
After tax
85 012
88 868
73 632
73 630
Living cost
13 553
13 553
13 553
13 553
Free-cash
71 459
75 315
60 079
60 077

Estimated living cost  is ₽13553 per week

₽9125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
₽25662
₽40430
₽46028
₽2790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions
-
-
-
11 316
city
-
-
-
1 296
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.

-
-
-
2 460
health
-
-
-
277
regional
-
-
-
6 093
national
-
-
-
2 075
total
-
-
-
23 517
Employee
62 557
-
110 092
-
health
141
-
247
-
unemployment
-
-
-
-
city
671
-
1 182
-
pensions
5 256
-
9 248
-
regional
2 048
-
5 240
-
national
296
-
1 501
-
total
8 412
-
17 418
-
Employer
62 557
-
110 092
-
health
141
-
247
-
pensions
5 256
-
9 248
-
unemployment
-
-
-
-
other

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

1 251
-
2 202
-
total
6 648
-
11 697
-
Corporate
53 108
123 000
-
-
regional
11 232
26 014
-
-
national
4 514
10 455
-
-
total
15 746
36 469
-
-
Dividends
37 362
86 531
-
-
withholding
13 077
30 286
-
-
total
13 077
30 286
-
-
Income
123 000
123 000
123 000
123 000
Total tax
43 883
66 755
29 115
23 517
After tax
79 117
56 245
93 885
99 483
Living cost
53 455
53 455
53 455
53 455
Free-cash
25 662
2 790
40 430
46 028

Estimated living cost  is ₽53455 per week

₽34761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4797
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽656
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽13241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
₽49460
₽35328
₽51401
₽47855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
123 000
municipal
-
-
-
21 859
health
-
-
-
1 566
national
-
-
-
17 996
total
-
-
-
41 421
Employee
41 355
-
103 474
-
health
309
-
1 265
-
unemployment
621
-
1 553
-
pensions
2 791
-
6 984
-
national
683
-
11 305
-
municipal
6 774
-
16 862
-
total
11 178
-
37 969
-
Employer
41 355
-
103 474
-
health
318
-
797
-
pensions
7 175
-
17 952
-
accident
42
-
103
-
unemployment
268
-
673
-
total
7 803
-
19 525
-
Corporate
73 842
123 000
-
-
income
14 769
24 600
-
-
total
14 769
24 600
-
-
Dividends

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

44 305
73 800
-
-
municipal
7 974
13 285
-
-
national
1 638
7 082
-
-
total
9 612
20 367
-
-
Income
123 000
123 000
123 000
123 000
Total tax
43 362
44 967
57 494
41 421
After tax
79 638
78 033
65 506
81 579
Living cost
30 178
30 178
30 178
30 178
Free-cash
49 460
47 855
35 328
51 401

Estimated living cost  is ₽30178 per week

₽19712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2903
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.
₽7084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Brussels , Belgium
₽28373
₽15508
₽24764
₽40162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
communal

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

-
-
-
6 232
social contributions
-
-
-
19 143
national
-
-
-
44 201
total
-
-
-
69 576
Employee

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

56 226
-
95 267
-
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.

2 642
-
4 476
-
communal

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

2 933
-
4 969
-
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.

489
-
829
-
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.

4 217
-
7 145
-
national
17 286
-
33 680
-
total
27 567
-
51 099
-
Employer

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

56 226
-
95 267
-
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.

3 458
-
5 859
-
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.

4 982
-
8 441
-
surtax
6 375
-
10 803
-
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.

731
-
1 240
-
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.

820
-
1 390
-
total
16 366
-
27 733
-
Corporate
50 408
123 000
-
-
income
10 082
24 600
-
-
surtax
201
492
-
-
total
10 283
25 092
-
-
Dividends
40 124
97 907
-
-
withholding

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

11 751
29 086
-
-
total
11 751
29 086
-
-
Income
123 000
123 000
123 000
123 000
Total tax
65 967
54 178
78 832
69 576
After tax
57 033
68 822
44 168
53 424
Living cost
28 660
28 660
28 660
28 660
Free-cash
28 373
40 162
15 508
24 764

Estimated living cost  is ₽28660 per week

₽18461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
₽32301
₽29938
₽30765
₽33066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
unemployment
-
-
-
75
municipal
-
-
-
30 224
other
-
-
-
8 682
health
-
-
-
4 662
national
-
-
-
6 274
accident
-
-
-
149
pensions
-
-
-
8 077
total
-
-
-
58 143
Employee
48 578
-
99 524
-
national
-
-
5 816
-
municipal
14 486
-
29 678
-
total
14 486
-
35 494
-
Employer
48 578
-
99 524
-
health
2 988
-
4 595
-
pensions
5 251
-
8 077
-
accident
97
-
149
-
unemployment
1 282
-
1 973
-
other
5 645
-
8 682
-
total
15 263
-
23 476
-
Corporate
59 158
123 000
-
-
income
13 015
27 060
-
-
total
13 015
27 060
-
-
Dividends
46 144
95 940
-
-
withholding
13 843
28 782
-
-
total
13 843
28 782
-
-
Income
123 000
123 000
123 000
123 000
Total tax
56 607
55 842
58 970
58 143
After tax
66 393
67 158
64 030
64 857
Living cost
34 092
34 092
34 092
34 092
Free-cash
32 301
33 066
29 938
30 765

Estimated living cost  is ₽34092 per week

₽22595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-₽8309
₽73415
₽47004
₽36834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
23 975
social contributions
-
-
-
14 022
total
-
-
-
37 997
Employee
54 485
-
-
-
income
12 018
-
-
-
social contributions
4 468
-
637
-
total
16 486
-
637
-
Employer
54 485
-
-
-
social contributions
76 824
-
10 949
-
total
76 824
-
10 949
-
Corporate
-
123 000
-
-
income
-
27 060
-
-
total
-
27 060
-
-
Dividends
-
95 940
-
-
income
-
21 107
-
-
total
-
21 107
-
-
Income
123 000
123 000
123 000
123 000
Total tax
93 310
48 167
11 586
37 997
After tax
29 690
74 833
111 414
85 003
Living cost
37 999
37 999
37 999
37 999
Free-cash
-8 309
36 834
73 415
47 004

Estimated living cost  is ₽37999 per week

₽24655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3574
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.
₽9286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
₽61026
₽58225
₽59350
₽64284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
22 300
health
-
-
-
3 137
social contributions
-
-
-
12 718
total
-
-
-
38 155
Employee
60 443
60 443
114 123
-
health
601
1 028
1 941
-
income
6 347
5 595
21 696
-
social contributions
2 937
5 016
6 766
-
total
9 885
11 639
30 403
-
Employer
60 443
60 443
114 123
-
health
655
1 119
2 111
-
social contributions
2 937
5 016
6 766
-
total
3 592
6 135
8 877
-
Corporate
84 028
56 422
-
-
income
10 503
7 053
-
-
total
10 503
7 053
-
-
Dividends
73 525
49 370
-
-
withholding
12 499
8 394
-
-
total
12 499
8 394
-
-
Income
123 000
123 000
123 000
123 000
Total tax
36 479
33 221
39 280
38 155
After tax
86 521
89 779
83 720
84 845
Living cost
25 495
25 495
25 495
25 495
Free-cash
61 026
64 284
58 225
59 350

Estimated living cost  is ₽25495 per week

₽17428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
₽57961
₽42963
₽54157
₽53461
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
34 002
pensions
-
-
-
6 620
total
-
-
-
40 622
Employee
38 737
-
107 548
-
health
505
-
1 602
-
pensions
2 957
-
8 221
-
income
7 054
-
26 541
-
total
10 516
-
36 364
-
Employer
38 737
-
107 548
-
health
736
-
2 043
-
pensions
3 914
-
13 409
-
total
4 650
-
15 452
-
Corporate
79 613
123 000
-
-
income

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

15 126
23 370
-
-
total
15 126
23 370
-
-
Dividends
64 486
99 630
-
-
withholding
6 526
17 948
-
-
total
6 526
17 948
-
-
Income
123 000
123 000
123 000
123 000
Total tax
36 818
41 318
51 816
40 622
After tax
86 182
81 682
71 184
82 378
Living cost
28 221
28 221
28 221
28 221
Free-cash
57 961
53 461
42 963
54 157

Estimated living cost  is ₽28221 per week

₽19359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Rome , Italy
₽29898
₽21510
₽26919
₽33474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
municipal
-
-
-
822
regional
-
-
-
2 801
social contributions
-
-
-
31 635
national
-
-
-
29 509
total
-
-
-
64 767
Employee
66 236
-
123 000
-
social contributions
22 335
-
41 475
-
regional
1 000
-
2 478
-
national
11 193
-
25 489
-
municipal
395
-
734
-
total
34 923
-
70 176
-
Employer
66 236
-
123 000
-
total
-
-
-
-
Corporate
56 764
123 000
-
-
nationa
13 623
29 520
-
-
municipal
2 736
5 929
-
-
total
16 359
35 449
-
-
Dividends
40 405
87 551
-
-
withholding
10 506
22 763
-
-
total
10 506
22 763
-
-
Income
123 000
123 000
123 000
123 000
Total tax
61 788
58 212
70 176
64 767
After tax
61 212
64 788
52 824
58 233
Living cost
31 314
31 314
31 314
31 314
Free-cash
29 898
33 474
21 510
26 919

Estimated living cost  is ₽31314 per week

₽21996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
₽7387
₽49623
₽67337
-₽6824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions
-
-
-
3 175
income
-
-
-
33 561
other
-
-
-
283
health
-
-
-
1 664
accident
-
-
-
193
total
-
-
-
38 876
Employee
26 407
-
110 059
-
health
3 024
-
12 602
-
pensions
2 974
-
5 822
-
income
3 623
-
25 225
-
total
9 621
-
43 649
-
Employer
26 407
-
110 059
-
pensions
4 294
-
8 407
-
accident
441
-
1 838
-
unemployment
647
-
2 696
-
total
5 382
-
12 941
-
Corporate
91 211
123 000
-
-
income

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

82 090
110 700
-
-
total
82 090
110 700
-
-
Dividends
9 121
12 300
-
-
withholding
1 733
2 337
-
-
total
1 733
2 337
-
-
Income
123 000
123 000
123 000
123 000
Total tax
98 826
113 037
56 590
38 876
After tax
24 174
9 963
66 410
84 124
Living cost
16 787
16 787
16 787
16 787
Free-cash
7 387
-6 824
49 623
67 337

Estimated living cost  is ₽16787 per week

₽12304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Berlin , Germany
₽43261
₽48979
₽36573
₽32979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
trade
-
-
-
12 406
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.

-
-
-
36 307
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.

-
-
-
5 370
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.

-
-
-
1 997
total
-
-
-
56 080
Employee

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

39 110
-
123 000
-
health

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

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

5 370
-
5 370
-
income

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

3 216
-
36 307
-
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.

178
-
1 997
-
total
8 764
-
43 674
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
83 890
123 000
-
-
income
12 584
18 450
-
-
trade
12 038
17 651
-
-
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.

692
1 014
-
-
chamber of commerce
242
300
-
-
total
25 556
37 415
-
-
Dividends
58 335
85 585
-
-
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.

786
1 161
-
-
withholding
14 286
21 098
-
-
total
15 072
22 259
-
-
Income
123 000
123 000
123 000
123 000
Total tax
49 392
59 674
43 674
56 080
After tax
73 608
63 326
79 326
66 920
Living cost
30 347
30 347
30 347
30 347
Free-cash
43 261
32 979
48 979
36 573

Estimated living cost  is ₽30347 per week

₽20934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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.

Riga , Latvia
₽75599
₽57945
₽24698
₽82047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
123 000
income
-
-
-
20 468
microenterprise
-
-
-
-
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.

-
-
-
30 116
surtax
-
-
-
31 365
total
-
-
-
81 949
Employee
22 968
-
89 268
-
income
4 089
-
17 377
-
social contributions

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

2 527
-
9 820
-
surtax
-
-
-
-
total
6 616
-
27 197
-
Employer
22 968
-
89 268
-
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.

5 533
-
21 505
-
surtax
-
-
-
-
total
5 533
-
21 505
-
Corporate
94 499
123 000
-
-
income

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

18 899
24 600
-
-
total
18 899
24 600
-
-
Dividends

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

75 600
98 400
-
-
total
-
-
-
-
Income
123 000
123 000
123 000
123 000
Total tax
31 048
24 600
48 702
81 949
After tax
91 952
98 400
74 298
41 051
Living cost
16 353
16 353
16 353
16 353
Free-cash
75 599
82 047
57 945
24 698

Estimated living cost  is ₽16353 per week

₽10433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
₽65373
₽63742
₽64438
₽66979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
income
-
-
-
36 493
health
-
-
-
5 168
pensions
-
-
-
7 128
total
-
-
-
48 789
Employee
14 885
-
114 981
-
health
744
-
1 782
-
unemployment
149
-
357
-
pensions
1 340
-
3 208
-
income
2 879
-
36 118
-
total
5 112
-
41 465
-
Employer
14 885
-
114 981
-
health
1 414
-
3 386
-
pensions
1 637
-
3 921
-
unemployment
298
-
713
-
total
3 349
-
8 020
-
Corporate
104 766
123 000
-
-
income
23 049
27 060
-
-
total
23 049
27 060
-
-
Dividends
81 718
95 940
-
-
withholding
16 344
19 188
-
-
total
16 344
19 188
-
-
Income
123 000
123 000
123 000
123 000
Total tax
47 854
46 248
49 485
48 789
After tax
75 146
76 752
73 515
74 211
Living cost
9 773
9 773
9 773
9 773
Free-cash
65 373
66 979
63 742
64 438

Estimated living cost  is ₽9773 per week

₽5807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
₽57211
₽36339
₽40716
₽59712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions
-
-
-
20 982
unemployment
-
-
-
179
income
-
-
-
31 438
other
-
-
-
-
health
-
-
-
7 448
surtax
-
-
-
4 582
total
-
-
-
64 629
Employee
26 471
-
101 611
-
health
676
-
2 591
-
unemployment
1 842
-
7 072
-
pensions
1 766
-
6 778
-
income
4 438
-
27 288
-
other
-
-
-
-
surtax
94
-
3 890
-
total
8 816
-
47 619
-
Employer
26 471
-
101 611
-
health
1 204
-
4 623
-
pensions
3 529
-
13 544
-
unemployment
840
-
3 220
-
other
-
-
-
-
total
5 573
-
21 387
-
Corporate
90 956
123 000
-
-
income
23 649
31 980
-
-
total
23 649
31 980
-
-
Dividends
67 308
91 020
-
-
withholding
10 096
13 653
-
-
total
10 096
13 653
-
-
Income
123 000
123 000
123 000
123 000
Total tax
48 134
45 633
69 006
64 629
After tax
74 866
77 367
53 994
58 371
Living cost
17 655
17 655
17 655
17 655
Free-cash
57 211
59 712
36 339
40 716

Estimated living cost  is ₽17655 per week

₽10659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
₽42821
₽7185
₽38165
₽43211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
123 000
pensions
-
-
-
16 988
chamber of commerce
-
-
-