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
₽ 124000
per

Your estimated
City
free-cash

Dresden , Germany
₽32201
₽43313
₽40292
₽52467
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.

-
-
-
124 000
trade
-
-
-
12 175
income

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

-
-
-
32 460
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.

-
-
-
1 786
total
-
-
-
53 283
Employee

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

38 419
-
124 000
-
health

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

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

6 862
-
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
-
1 786
-
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
-
32 460
-
total
7 994
-
41 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
85 581
124 000
-
-
surtax

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

705
1 024
-
-
income
12 838
18 600
-
-
trade
13 479
19 531
-
-
chamber of commerce
276
330
-
-
total
27 298
39 485
-
-
Dividends
58 283
84 516
-
-
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.

780
1 142
-
-
withholding
14 190
20 747
-
-
total
14 970
21 889
-
-
Income
124 000
124 000
124 000
124 000
Total tax
50 262
61 374
41 108
53 283
After tax
73 738
62 626
82 892
70 717
Living cost
30 425
30 425
30 425
30 425
Free-cash
43 313
32 201
52 467
40 292

Estimated living cost  is ₽30425 per week

₽19138
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
₽26697
₽25853
₽23415
₽24388
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
-
-
-
124 000
municipal
-
-
-
13 215
pensions
-
-
-
14 880
national
-
-
-
20 478
social contributions
-
-
-
1 333
total
-
-
-
49 906
Employee
78 562
-
107 197
-
municipal
9 704
-
13 695
-
pensions
3 142
-
4 288
-
national
15 037
-
21 222
-
total
27 883
-
39 205
-
Employer
78 562
-
107 197
-
social contributions
845
-
1 152
-
pensions
6 285
-
8 576
-
total
7 130
-
9 728
-
Corporate
33 123
124 000
-
-
income

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

6 625
24 800
-
-
total
6 625
24 800
-
-
Dividends
26 499
99 200
-
-
withholding
5 830
21 824
-
-
total
5 830
21 824
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 468
46 624
48 933
49 906
After tax
76 532
77 376
75 067
74 094
Living cost
50 679
50 679
50 679
50 679
Free-cash
25 853
26 697
24 388
23 415

Estimated living cost  is ₽50679 per week

₽34446
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
₽78304
₽70063
₽14473
₽48726
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.

-
-
-
124 000
microenterprise
-
-
-
-
income
-
-
-
18 524
surtax
-
-
-
31 620
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.

-
-
-
38 486
total
-
-
-
88 630
Employee
29 351
-
99 927
-
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
-
10 993
-
surtax
-
-
-
-
income
5 225
-
19 311
-
total
8 454
-
30 304
-
Employer
29 351
-
99 927
-
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
-
24 073
-
surtax
-
-
-
-
total
7 070
-
24 073
-
Corporate
87 579
124 000
-
-
income

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

17 516
24 799
-
-
total
17 516
24 799
-
-
Dividends

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

70 063
99 201
-
-
total
-
-
-
-
Income
124 000
124 000
124 000
124 000
Total tax
33 040
24 799
54 377
88 630
After tax
90 960
99 201
69 623
35 370
Living cost
20 897
20 897
20 897
20 897
Free-cash
70 063
78 304
48 726
14 473

Estimated living cost  is ₽20897 per week

₽13332
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
₽18523
₽12369
₽29164
₽25313
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
-
-
-
124 000
income
-
-
-
28 602
pensions
-
-
-
11 769
health
-
-
-
12 386
total
-
-
-
52 757
Employee
85 778
85 778
105 523
-
health
13 166
11 199
12 323
-
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
15 440
11 769
11 769
-
total
42 646
37 008
38 132
-
Employer
85 778
85 778
105 523
-
unemployment
3 088
3 088
3 799
-
pensions
5 970
5 970
7 344
-
health
5 963
5 963
7 333
-
total
15 021
15 021
18 476
-
Corporate
24 254
23 202
-
-
income
4 851
4 640
-
-
total
4 851
4 640
-
-
Dividends
19 403
18 562
-
-
income
4 123
3 944
-
-
withholding
2 911
2 785
-
-
total
7 034
6 729
-
-
Income
124 000
124 000
124 000
124 000
Total tax
69 552
63 398
56 608
52 757
After tax
54 448
60 602
67 392
71 243
Living cost
42 079
42 079
42 079
42 079
Free-cash
12 369
18 523
25 313
29 164

Estimated living cost  is ₽42079 per week

₽29820
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
₽28742
₽27868
₽26973
₽25922
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
-
-
-
124 000
municipal
-
-
-
29 600
accident
-
-
-
171
pensions
-
-
-
9 231
other
-
-
-
9 923
unemployment
-
-
-
85
health
-
-
-
5 328
national
-
-
-
3 727
total
-
-
-
58 065
Employee
55 518
-
97 170
-
municipal
16 555
-
28 976
-
national
-
-
3 309
-
total
16 555
-
32 285
-
Employer
55 518
-
97 170
-
accident
111
-
171
-
other
6 451
-
9 923
-
unemployment
1 466
-
2 254
-
pensions
6 001
-
9 231
-
health
3 414
-
5 252
-
total
17 443
-
26 831
-
Corporate
51 039
124 000
-
-
income
11 229
27 280
-
-
total
11 229
27 280
-
-
Dividends
39 810
96 720
-
-
withholding
11 943
29 016
-
-
total
11 943
29 016
-
-
Income
124 000
124 000
124 000
124 000
Total tax
57 170
56 296
59 116
58 065
After tax
66 830
67 704
64 884
65 935
Living cost
38 962
38 962
38 962
38 962
Free-cash
27 868
28 742
25 922
26 973

Estimated living cost  is ₽38962 per week

₽25823
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
₽22531
₽36644
₽30716
₽43432
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.

-
-
-
124 000
trade
-
-
-
12 716
income

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

-
-
-
32 460
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.

-
-
-
1 786
total
-
-
-
53 824
Employee

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

50 939
-
124 000
-
health

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

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

6 862
-
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
-
1 786
-
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.

4 377
-
32 460
-
total
11 479
-
41 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
73 061
124 000
-
-
surtax

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

602
1 024
-
-
income
10 959
18 600
-
-
trade
12 018
20 398
-
-
chamber of commerce
257
330
-
-
total
23 836
40 352
-
-
Dividends
49 225
83 648
-
-
surtax

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

656
1 128
-
-
withholding
11 925
20 529
-
-
total
12 581
21 657
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 896
62 009
41 108
53 824
After tax
76 104
61 991
82 892
70 176
Living cost
39 460
39 460
39 460
39 460
Free-cash
36 644
22 531
43 432
30 716

Estimated living cost  is ₽39460 per week

₽26391
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.
₽8319
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
₽58053
₽53886
₽54336
₽53008
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
-
-
-
124 000
income
-
-
-
17 670
health
-
-
-
3 162
social contributions
-
-
-
16 252
total
-
-
-
37 084
Employee
77 239
77 239
113 259
-
social contributions
3 753
6 410
8 646
-
health
768
1 313
1 925
-
income
8 111
7 150
17 100
-
total
12 632
14 873
27 671
-
Employer
77 239
77 239
113 259
-
social contributions
3 753
6 410
8 646
-
health
837
1 430
2 095
-
total
4 590
7 840
10 741
-
Corporate
74 198
38 921
-
-
income
9 275
4 865
-
-
total
9 275
4 865
-
-
Dividends
64 922
34 056
-
-
withholding
11 037
5 789
-
-
total
11 037
5 789
-
-
Income
124 000
124 000
124 000
124 000
Total tax
37 534
33 367
38 412
37 084
After tax
86 466
90 633
85 588
86 916
Living cost
32 580
32 580
32 580
32 580
Free-cash
53 886
58 053
53 008
54 336

Estimated living cost  is ₽32580 per week

₽22272
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
₽51540
₽51920
₽67674
₽53657
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
-
-
-
124 000
income
-
-
-
15 159
pensions
-
-
-
12 400
unemployment
-
-
-
1 860
health
-
-
-
8 680
total
-
-
-
38 099
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.

26 310
10 471
103 766
-
health
1 842
733
7 264
-
income
3 216
1 280
12 685
-
pensions
2 631
1 047
10 377
-
unemployment
395
157
1 556
-
total
8 084
3 217
31 882
-
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.

26 310
10 471
103 766
-
pensions
5 131
2 042
20 234
-
total
5 131
2 042
20 234
-
Corporate
92 559
111 487
-
-
income
8 330
10 034
-
-
total
8 330
10 034
-
-
Dividends
84 229
101 453
-
-
social contributions
16 305
19 664
-
-
withholding
16 003
19 276
-
-
total
32 308
38 940
-
-
Income
124 000
124 000
124 000
124 000
Total tax
53 853
54 233
52 116
38 099
After tax
70 147
69 767
71 884
85 901
Living cost
18 227
18 227
18 227
18 227
Free-cash
51 920
51 540
53 657
67 674

Estimated living cost  is ₽18227 per week

₽12438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1491
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.
₽3933
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
₽74939
₽68697
₽42202
₽47209
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
-
-
-
124 000
income
-
-
-
16 616
pensions
-
-
-
24 799
health
-
-
-
16 121
total
-
-
-
57 536
Employee
28 495
-
92 676
-
income
3 208
-
17 868
-
pensions
570
-
1 853
-
unemployment
456
-
1 483
-
total
4 234
-
21 204
-
Employer
28 495
-
92 676
-
unemployment
229
-
742
-
pensions
5 699
-
18 536
-
health
3 704
-
12 047
-
total
9 632
-
31 325
-
Corporate
85 873
124 000
-
-
income
17 175
24 799
-
-
total
17 175
24 799
-
-
Dividends
68 698
99 201
-
-
total
-
-
-
-
Income
124 000
124 000
124 000
124 000
Total tax
31 041
24 799
52 529
57 536
After tax
92 959
99 201
71 471
66 464
Living cost
24 262
24 262
24 262
24 262
Free-cash
68 697
74 939
47 209
42 202

Estimated living cost  is ₽24262 per week

₽16641
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
-₽12000
₽6661
₽62913
₽43466
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
-
-
-
124 000
accident
-
-
-
253
income
-
-
-
32 065
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
39 043
Employee
34 676
-
108 491
-
health
3 970
-
12 422
-
income
4 757
-
22 914
-
pensions
3 905
-
7 645
-
total
12 632
-
42 981
-
Employer
34 676
-
108 491
-
accident
579
-
1 812
-
unemployment
850
-
2 658
-
pensions
5 639
-
11 039
-
total
7 068
-
15 509
-
Corporate
82 257
124 000
-
-
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.

74 032
111 600
-
-
total
74 032
111 600
-
-
Dividends
8 226
12 400
-
-
withholding
1 563
2 356
-
-
total
1 563
2 356
-
-
Income
124 000
124 000
124 000
124 000
Total tax
95 295
113 956
58 490
39 043
After tax
28 705
10 044
65 510
84 957
Living cost
22 044
22 044
22 044
22 044
Free-cash
6 661
-12 000
43 466
62 913

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
₽108700
₽106994
₽113660
₽90100
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%.

-
-
-
124 000
microenterprise

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

-
-
-
1 240
total
-
-
-
1 240
Employee
11 374
-
124 000
-
income
2 275
-
24 800
-
total
2 275
-
24 800
-
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%.

112 626
124 000
-
-
total
-
-
-
-
Dividends
112 626
124 000
-
-
withholding
5 631
6 200
-
-
total
5 631
6 200
-
-
Income
124 000
124 000
124 000
124 000
Total tax
7 906
6 200
24 800
1 240
After tax
116 094
117 800
99 200
122 760
Living cost
9 100
9 100
9 100
9 100
Free-cash
106 994
108 700
90 100
113 660

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
₽64338
₽57554
₽39658
₽44783
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
-
-
-
124 000
income
-
-
-
16 473
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.

-
-
-
29 759
other
-
-
-
5 890
health
-
-
-
5 455
total
-
-
-
57 577
Employee
36 471
-
99 041
-
health
511
-
1 386
-
income
6 279
-
18 183
-
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
-
6 933
-
unemployment
364
-
991
-
total
9 706
-
27 493
-
Employer
36 471
-
99 041
-
accident
292
-
793
-
other
1 824
-
4 952
-
unemployment
364
-
991
-
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
-
16 837
-
health
511
-
1 386
-
total
9 192
-
24 959
-
Corporate
78 337
124 000
-
-
income
16 450
26 040
-
-
total
16 450
26 040
-
-
Dividends
61 887
97 960
-
-
withholding
4 333
6 857
-
-
total
4 333
6 857
-
-
Income
124 000
124 000
124 000
124 000
Total tax
39 681
32 897
52 452
57 577
After tax
84 319
91 103
71 548
66 423
Living cost
26 765
26 765
26 765
26 765
Free-cash
57 554
64 338
44 783
39 658

Estimated living cost  is ₽26765 per week

₽18911
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.
₽5616
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
₽19759
₽12034
₽19095
₽7578
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
-
-
-
124 000
income
-
-
-
29 840
pensions
-
-
-
7 972
total
-
-
-
37 812
Employee
94 927
-
108 808
-
health
1 564
-
1 783
-
income
17 112
-
22 164
-
pensions
9 158
-
10 190
-
total
27 834
-
34 137
-
Employer
94 927
-
108 808
-
pensions
11 208
-
13 124
-
health
1 803
-
2 068
-
total
13 011
-
15 192
-
Corporate
16 062
124 000
-
-
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.

3 051
23 561
-
-
total
3 051
23 561
-
-
Dividends
13 011
100 439
-
-
withholding
977
13 587
-
-
total
977
13 587
-
-
Income
124 000
124 000
124 000
124 000
Total tax
44 873
37 148
49 329
37 812
After tax
79 127
86 852
74 671
86 188
Living cost
67 093
67 093
67 093
67 093
Free-cash
12 034
19 759
7 578
19 095

Estimated living cost  is ₽67093 per week

₽50274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7883
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.
₽8391
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
₽92852
₽88187
₽82866
₽87157
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
-
-
-
124 000
income
-
-
-
18 600
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
-
-
-
27 966
Employee
17 436
-
117 117
-
health
802
-
1 614
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
income
1 743
-
11 712
-
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
-
16 792
-
Employer
17 436
-
117 117
-
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
103 143
124 000
-
-
income
10 315
12 400
-
-
total
10 315
12 400
-
-
Dividends
92 829
111 600
-
-
withholding
4 641
5 580
-
-
total
4 641
5 580
-
-
Income
124 000
124 000
124 000
124 000
Total tax
22 645
17 980
23 675
27 966
After tax
101 355
106 020
100 325
96 034
Living cost
13 168
13 168
13 168
13 168
Free-cash
88 187
92 852
87 157
82 866

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
₽4903
₽7432
₽15544
₽11693
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
-
-
-
124 000
income
-
-
-
28 602
pensions
-
-
-
11 769
health
-
-
-
12 386
total
-
-
-
52 757
Employee
93 127
85 778
105 523
-
health
11 618
11 199
12 323
-
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
11 769
11 769
11 769
-
total
37 427
37 008
38 132
-
Employer
93 127
85 778
105 523
-
unemployment
3 353
3 088
3 799
-
pensions
6 481
5 970
7 344
-
health
6 471
5 963
7 333
-
total
16 305
15 021
18 476
-
Corporate
14 567
23 202
-
-
income
2 913
4 640
-
-
total
2 913
4 640
-
-
Dividends
11 655
18 562
-
-
income
2 476
3 944
-
-
withholding
1 748
2 785
-
-
total
4 224
6 729
-
-
Income
124 000
124 000
124 000
124 000
Total tax
60 869
63 398
56 608
52 757
After tax
63 131
60 602
67 392
71 243
Living cost
55 699
55 699
55 699
55 699
Free-cash
7 432
4 903
11 693
15 544

Estimated living cost  is ₽55699 per week

₽41088
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
₽61354
₽52784
₽37773
₽38906
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
-
-
-
124 000
income
-
-
-
10 904
health
-
-
-
16 740
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 563
total
-
-
-
62 207
Employee
35 323
-
92 537
-
social contributions
2 296
-
6 015
-
health
4 769
-
12 493
-
solidarity contribution
-
-
-
-
income
4 239
-
11 104
-
total
11 304
-
29 612
-
Employer
35 323
-
92 537
-
social contributions
8 831
-
23 134
-
health
3 179
-
8 328
-
total
12 010
-
31 462
-
Corporate
76 667
124 000
-
-
income
14 567
23 560
-
-
total
14 567
23 560
-
-
Dividends
62 100
100 440
-
-
withholding
9 315
15 066
-
-
total
9 315
15 066
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 196
38 626
61 074
62 207
After tax
76 804
85 374
62 926
61 793
Living cost
24 020
24 020
24 020
24 020
Free-cash
52 784
61 354
38 906
37 773

Estimated living cost  is ₽24020 per week

₽16684
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
₽23774
₽18528
₽19589
₽13690
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
-
-
-
124 000
municipal
-
-
-
738
regional
-
-
-
1 410
national
-
-
-
27 986
social contributions
-
-
-
31 892
total
-
-
-
62 026
Employee
89 271
-
124 000
-
social contributions
30 102
-
41 812
-
regional
842
-
1 239
-
municipal
473
-
658
-
national
15 469
-
24 216
-
total
46 886
-
67 925
-
Employer
89 271
-
124 000
-
total
-
-
-
-
Corporate
34 729
124 000
-
-
nationa
8 336
29 759
-
-
municipal
1 355
4 836
-
-
total
9 691
34 595
-
-
Dividends
25 038
89 405
-
-
withholding
6 510
23 246
-
-
total
6 510
23 246
-
-
Income
124 000
124 000
124 000
124 000
Total tax
63 087
57 841
67 925
62 026
After tax
60 913
66 159
56 075
61 974
Living cost
42 385
42 385
42 385
42 385
Free-cash
18 528
23 774
13 690
19 589

Estimated living cost  is ₽42385 per week

₽29546
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
₽55832
₽52705
₽37961
₽35920
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
-
-
-
124 000
income
-
-
-
26 469
pensions
-
-
-
24 799
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
8 805
surtax
-
-
-
3 572
total
-
-
-
63 874
Employee
33 217
-
102 435
-
other
-
-
-
-
health
848
-
2 611
-
surtax
109
-
3 248
-
income
5 568
-
24 532
-
pensions
2 215
-
6 832
-
unemployment
2 312
-
7 129
-
total
11 052
-
44 352
-
Employer
33 217
-
102 435
-
other
-
-
-
-
unemployment
1 052
-
3 248
-
pensions
4 428
-
13 654
-
health
1 512
-
4 661
-
total
6 992
-
21 563
-
Corporate
83 791
124 000
-
-
income
21 786
32 239
-
-
total
21 786
32 239
-
-
Dividends
62 005
91 761
-
-
withholding
9 300
13 764
-
-
total
9 300
13 764
-
-
Income
124 000
124 000
124 000
124 000
Total tax
49 130
46 003
65 915
63 874
After tax
74 870
77 997
58 085
60 126
Living cost
22 165
22 165
22 165
22 165
Free-cash
52 705
55 832
35 920
37 961

Estimated living cost  is ₽22165 per week

₽13553
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
₽41016
₽39173
₽40352
₽28835
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
-
-
-
124 000
income
-
-
-
29 840
pensions
-
-
-
7 972
total
-
-
-
37 812
Employee
63 617
-
108 808
-
health
924
-
1 783
-
income
11 458
-
22 164
-
pensions
5 400
-
10 190
-
total
17 782
-
34 137
-
Employer
63 617
-
108 808
-
pensions
6 887
-
13 124
-
health
1 209
-
2 068
-
total
8 096
-
15 192
-
Corporate
52 287
124 000
-
-
income

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

9 936
23 561
-
-
total
9 936
23 561
-
-
Dividends
42 352
100 439
-
-
withholding
3 177
13 587
-
-
total
3 177
13 587
-
-
Income
124 000
124 000
124 000
124 000
Total tax
38 991
37 148
49 329
37 812
After tax
85 009
86 852
74 671
86 188
Living cost
45 836
45 836
45 836
45 836
Free-cash
39 173
41 016
28 835
40 352

Estimated living cost  is ₽45836 per week

₽34340
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.
₽7580
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
-₽19691
₽12996
₽26029
₽19878
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
-
-
-
124 000
city
-
-
-
1 307
pensions
-
-
-
11 408
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.

-
-
-
2 480
regional
-
-
-
4 915
health
-
-
-
279
national
-
-
-
1 188
total
-
-
-
21 577
Employee
89 401
-
110 987
-
city
959
-
1 193
-
regional
2 927
-
4 242
-
health
202
-
249
-
pensions
7 511
-
9 324
-
unemployment
-
-
-
-
national
423
-
928
-
total
12 022
-
15 936
-
Employer
89 401
-
110 987
-
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
-
2 219
-
unemployment
-
-
-
-
pensions
7 511
-
9 324
-
health
202
-
249
-
total
9 500
-
11 792
-
Corporate
24 116
124 000
-
-
regional
5 101
26 225
-
-
national
2 050
10 540
-
-
total
7 151
36 765
-
-
Dividends
16 964
87 234
-
-
withholding
5 937
30 532
-
-
total
5 937
30 532
-
-
Income
124 000
124 000
124 000
124 000
Total tax
34 610
67 297
27 728
21 577
After tax
89 390
56 703
96 272
102 423
Living cost
76 394
76 394
76 394
76 394
Free-cash
12 996
-19 691
19 878
26 029

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
₽15337
₽31627
₽23620
₽36877
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.

-
-
-
124 000
trade
-
-
-
13 257
income

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

-
-
-
32 460
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.

-
-
-
1 786
total
-
-
-
54 365
Employee

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

60 367
-
124 000
-
health

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

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

6 862
-
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
-
1 786
-
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.

7 099
-
32 460
-
total
14 352
-
41 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 633
124 000
-
-
surtax

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

524
1 024
-
-
income
9 544
18 600
-
-
trade
10 913
21 265
-
-
chamber of commerce
242
328
-
-
total
21 223
41 217
-
-
Dividends
42 410
82 783
-
-
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.

562
1 117
-
-
withholding
10 221
20 314
-
-
total
10 783
21 431
-
-
Income
124 000
124 000
124 000
124 000
Total tax
46 358
62 648
41 108
54 365
After tax
77 642
61 352
82 892
69 635
Living cost
46 015
46 015
46 015
46 015
Free-cash
31 627
15 337
36 877
23 620

Estimated living cost  is ₽46015 per week

₽33608
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
₽28129
₽34060
₽36368
₽39672
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
-
-
-
124 000
income
-
-
-
15 140
pensions
-
-
-
27 156
other
-
-
-
3 845
health
-
-
-
3 591
surtax
-
-
-
-
social contributions
-
-
-
3 534
total
-
-
-
53 266
Employee
42 990
-
98 968
-
social contributions
1 226
-
2 819
-
surtax
-
-
-
-
income
2 537
-
16 505
-
pensions
4 861
-
5 606
-
total
8 624
-
24 930
-
Employer
42 990
-
98 968
-
other
1 483
-
3 414
-
social contributions
130
-
297
-
unemployment
1 740
-
4 009
-
pensions
7 062
-
9 665
-
health
3 010
-
7 647
-
total
13 425
-
25 032
-
Corporate
67 585
124 000
-
-
surtax
-
-
-
-
income
18 924
34 721
-
-
total
18 924
34 721
-
-
Dividends
48 661
89 279
-
-
surtax
-
-
-
-
social contributions
8 372
15 356
-
-
withholding
6 229
11 428
-
-
total
14 601
26 784
-
-
Income
124 000
124 000
124 000
124 000
Total tax
55 574
61 505
49 962
53 266
After tax
68 426
62 495
74 038
70 734
Living cost
34 366
34 366
34 366
34 366
Free-cash
34 060
28 129
39 672
36 368

Estimated living cost  is ₽34366 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
₽31534
₽37117
₽39773
₽43077
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
-
-
-
124 000
income
-
-
-
15 140
pensions
-
-
-
27 156
other
-
-
-
3 845
health
-
-
-
3 591
surtax
-
-
-
-
social contributions
-
-
-
3 534
total
-
-
-
53 266
Employee
38 374
-
98 968
-
social contributions
1 094
-
2 819
-
surtax
-
-
-
-
income
1 979
-
16 505
-
pensions
4 340
-
5 606
-
total
7 413
-
24 930
-
Employer
38 374
-
98 968
-
other
1 325
-
3 414
-
social contributions
114
-
297
-
unemployment
1 554
-
4 009
-
pensions
6 306
-
9 665
-
health
2 686
-
7 647
-
total
11 985
-
25 032
-
Corporate
73 641
124 000
-
-
surtax
-
-
-
-
income
20 619
34 721
-
-
total
20 619
34 721
-
-
Dividends
53 022
89 279
-
-
surtax
-
-
-
-
social contributions
9 119
15 356
-
-
withholding
6 786
11 428
-
-
total
15 905
26 784
-
-
Income
124 000
124 000
124 000
124 000
Total tax
55 922
61 505
49 962
53 266
After tax
68 078
62 495
74 038
70 734
Living cost
30 961
30 961
30 961
30 961
Free-cash
37 117
31 534
43 077
39 773

Estimated living cost  is ₽30961 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.
₽9274
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
₽54350
₽54872
₽58332
₽57332
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
-
-
-
124 000
income
-
-
-
18 600
health
-
-
-
8 656
social contributions
-
-
-
17 112
total
-
-
-
44 368
Employee
34 058
-
124 000
-
social contributions
4 701
-
17 112
-
health
2 377
-
8 656
-
income
5 680
-
19 601
-
total
12 758
-
45 369
-
Employer
34 058
-
124 000
-
total
-
-
-
-
Corporate
89 942
124 000
-
-
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%.

4 497
6 201
-
-
total
4 497
6 201
-
-
Dividends
85 446
117 799
-
-
health
5 964
8 223
-
-
social contributions
11 792
16 256
-
-
withholding
12 817
17 670
-
-
total
30 573
42 149
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 828
48 350
45 369
44 368
After tax
76 172
75 650
78 631
79 632
Living cost
21 300
21 300
21 300
21 300
Free-cash
54 872
54 350
57 332
58 332

Estimated living cost  is ₽21300 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
₽33720
₽32166
₽26471
-₽804
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
-
-
-
124 000
chamber of commerce
-
-
-
496
income
-
-
-
24 595
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
198
total
-
-
-
62 135
Employee
50 199
40 030
96 134
-
other
501
400
961
-
health
1 942
1 550
3 721
-
income
5 715
2 953
21 056
-
pensions
5 141
4 098
9 843
-
unemployment
1 506
1 201
2 884
-
total
14 805
10 202
38 465
-
Employer
50 199
40 030
96 134
-
accident
652
520
1 250
-
other
2 385
1 900
4 567
-
chamber of commerce
200
160
385
-
unemployment
1 506
1 201
2 884
-
surtax
198
198
198
-
pensions
6 300
5 025
12 064
-
payroll
1 506
1 201
2 884
-
health
1 897
1 514
3 633
-
total
14 644
11 719
27 865
-
Corporate
59 158
72 251
92 321
-
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.

14 790
18 063
23 080
-
total
14 790
18 063
23 080
-
Dividends
44 368
54 188
-
-
withholding
12 201
14 902
-
-
total
12 201
14 902
-
-
Income
124 000
124 000
124 000
124 000
Total tax
56 440
54 886
89 410
62 135
After tax
67 560
69 114
34 590
61 865
Living cost
35 394
35 394
35 394
35 394
Free-cash
32 166
33 720
-804
26 471

Estimated living cost  is ₽35394 per week

₽23606
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
₽32835
₽17767
₽19115
₽9988
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
-
-
-
124 000
national
-
-
-
42 243
communal

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

-
-
-
6 254
social contributions
-
-
-
19 764
total
-
-
-
68 261
Employee

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

71 850
-
96 040
-
communal

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

3 748
-
5 009
-
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
-
4 514
-
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
-
7 203
-
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
-
835
-
national
22 090
-
31 867
-
total
35 228
-
49 428
-
Employer

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

71 850
-
96 040
-
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
-
1 249
-
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
-
1 403
-
surtax
8 147
-
10 892
-
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.

6 367
-
8 509
-
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.

4 419
-
5 907
-
total
20 915
-
27 960
-
Corporate
31 235
124 000
-
-
surtax
126
496
-
-
income
6 247
24 799
-
-
total
6 373
25 295
-
-
Dividends
24 863
98 705
-
-
withholding

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

7 093
29 246
-
-
total
7 093
29 246
-
-
Income
124 000
124 000
124 000
124 000
Total tax
69 609
54 541
77 388
68 261
After tax
54 391
69 459
46 612
55 739
Living cost
36 624
36 624
36 624
36 624
Free-cash
17 767
32 835
9 988
19 115

Estimated living cost  is ₽36624 per week

₽23591
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
₽47016
₽39217
₽32440
₽27615
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
-
-
-
124 000
accident
-
-
-
839
income
-
-
-
27 353
pensions
-
-
-
26 347
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
55 284
Employee
50 000
-
94 319
-
other
50
-
93
-
income
10 550
-
24 516
-
pensions
2 350
-
4 377
-
unemployment
776
-
1 443
-
total
13 726
-
30 429
-
Employer
50 000
-
94 319
-
accident
989
-
1 843
-
other
398
-
745
-
unemployment
2 751
-
5 120
-
pensions
11 799
-
21 972
-
total
15 937
-
29 680
-
Corporate
58 062
124 000
-
-
income

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

8 709
18 600
-
-
total
8 709
18 600
-
-
Dividends
49 353
105 400
-
-
withholding
10 135
22 108
-
-
total
10 135
22 108
-
-
Income
124 000
124 000
124 000
124 000
Total tax
48 507
40 708
60 109
55 284
After tax
75 493
83 292
63 891
68 716
Living cost
36 276
36 276
36 276
36 276
Free-cash
39 217
47 016
27 615
32 440

Estimated living cost  is ₽36276 per week

₽26713
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
₽20331
₽10759
₽12646
₽17588
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
-
-
-
124 000
accident
-
-
-
1 045
income
-
-
-
14 439
pensions
-
-
-
18 587
health
-
-
-
8 713
surtax
-
-
-
6 147
communal
-
-
-
7 836
total
-
-
-
56 767
Employee
76 068
-
110 764
-
health
3 385
-
4 929
-
surtax
4 662
-
6 788
-
income
7 347
-
18 009
-
pensions
6 085
-
8 862
-
total
21 479
-
38 588
-
Employer
76 068
-
110 764
-
accident
684
-
997
-
pensions
6 085
-
8 862
-
health
2 320
-
3 378
-
total
9 089
-
13 237
-
Corporate
38 844
124 000
-
-
surtax
408
1 302
-
-
communal
2 623
8 370
-
-
income
5 827
18 600
-
-
total
8 858
28 272
-
-
Dividends
29 986
95 728
-
-
income
14 729
6 451
-
-
withholding
4 499
14 359
-
-
total
19 228
20 810
-
-
Income
124 000
124 000
124 000
124 000
Total tax
58 654
49 082
51 825
56 767
After tax
65 346
74 918
72 175
67 233
Living cost
54 587
54 587
54 587
54 587
Free-cash
10 759
20 331
17 588
12 646

Estimated living cost  is ₽54587 per week

₽40948
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
₽55435
₽52241
₽37564
₽35523
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
-
-
-
124 000
income
-
-
-
26 469
pensions
-
-
-
24 799
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
8 805
surtax
-
-
-
3 572
total
-
-
-
63 874
Employee
33 827
-
102 435
-
other
-
-
-
-
health
863
-
2 611
-
surtax
120
-
3 248
-
income
5 671
-
24 532
-
pensions
2 257
-
6 832
-
unemployment
2 354
-
7 129
-
total
11 265
-
44 352
-
Employer
33 827
-
102 435
-
other
-
-
-
-
unemployment
1 073
-
3 248
-
pensions
4 510
-
13 654
-
health
1 538
-
4 661
-
total
7 121
-
21 563
-
Corporate
83 052
124 000
-
-
income
21 593
32 239
-
-
total
21 593
32 239
-
-
Dividends
61 458
91 761
-
-
withholding
9 218
13 764
-
-
total
9 218
13 764
-
-
Income
124 000
124 000
124 000
124 000
Total tax
49 197
46 003
65 915
63 874
After tax
74 803
77 997
58 085
60 126
Living cost
22 562
22 562
22 562
22 562
Free-cash
52 241
55 435
35 523
37 564

Estimated living cost  is ₽22562 per week

₽13622
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
₽38119
₽35892
₽34455
₽28587
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
-
-
-
124 000
municipal
-
-
-
738
regional
-
-
-
1 871
national
-
-
-
27 986
social contributions
-
-
-
31 892
total
-
-
-
62 487
Employee
55 719
-
124 000
-
social contributions
18 789
-
41 812
-
regional
750
-
1 669
-
municipal
295
-
658
-
national
8 827
-
24 216
-
total
28 661
-
68 355
-
Employer
55 719
-
124 000
-
total
-
-
-
-
Corporate
68 281
124 000
-
-
nationa
16 387
29 759
-
-
municipal
3 393
6 163
-
-
total
19 780
35 922
-
-
Dividends
48 500
88 078
-
-
withholding
12 609
22 901
-
-
total
12 609
22 901
-
-
Income
124 000
124 000
124 000
124 000
Total tax
61 050
58 823
68 355
62 487
After tax
62 950
65 177
55 645
61 513
Living cost
27 058
27 058
27 058
27 058
Free-cash
35 892
38 119
28 587
34 455

Estimated living cost  is ₽27058 per week

₽16828
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
₽55775
₽45217
₽32194
₽33327
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
-
-
-
124 000
income
-
-
-
10 904
health
-
-
-
16 740
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 563
total
-
-
-
62 207
Employee
43 527
-
92 537
-
social contributions
2 829
-
6 015
-
health
5 876
-
12 493
-
solidarity contribution
-
-
-
-
income
5 223
-
11 104
-
total
13 928
-
29 612
-
Employer
43 527
-
92 537
-
social contributions
10 882
-
23 134
-
health
3 917
-
8 328
-
total
14 799
-
31 462
-
Corporate
65 673
124 000
-
-
income
12 478
23 560
-
-
total
12 478
23 560
-
-
Dividends
53 196
100 440
-
-
withholding
7 979
15 066
-
-
total
7 979
15 066
-
-
Income
124 000
124 000
124 000
124 000
Total tax
49 184
38 626
61 074
62 207
After tax
74 816
85 374
62 926
61 793
Living cost
29 599
29 599
29 599
29 599
Free-cash
45 217
55 775
33 327
32 194

Estimated living cost  is ₽29599 per week

₽22011
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.
₽5435
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
₽37177
₽36681
₽30017
₽2576
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
-
-
-
124 000
chamber of commerce
-
-
-
496
income
-
-
-
24 595
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
-
total
-
-
-
61 937
Employee
43 908
40 030
96 290
-
other
438
400
963
-
health
1 698
1 550
3 727
-
income
3 911
2 953
21 109
-
pensions
4 497
4 098
9 861
-
unemployment
1 317
1 201
2 888
-
total
11 861
10 202
38 548
-
Employer
43 908
40 030
96 290
-
accident
570
520
1 252
-
other
2 085
1 900
4 573
-
chamber of commerce
175
160
385
-
unemployment
1 317
1 201
2 888
-
surtax
-
-
-
-
pensions
5 511
5 025
12 085
-
payroll
1 317
1 201
2 888
-
health
1 660
1 514
3 639
-
total
12 635
11 521
27 710
-
Corporate
67 456
72 449
92 478
-
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.

16 864
18 112
23 120
-
total
16 864
18 112
23 120
-
Dividends
50 592
54 337
-
-
withholding
13 913
14 942
-
-
total
13 913
14 942
-
-
Income
124 000
124 000
124 000
124 000
Total tax
55 273
54 777
89 378
61 937
After tax
68 727
69 223
34 622
62 063
Living cost
32 046
32 046
32 046
32 046
Free-cash
36 681
37 177
2 576
30 017

Estimated living cost  is ₽32046 per week

₽19224
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
₽103620
₽100961
₽108580
₽85020
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%.

-
-
-
124 000
microenterprise

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

-
-
-
1 240
total
-
-
-
1 240
Employee
17 726
-
124 000
-
income
3 545
-
24 800
-
total
3 545
-
24 800
-
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%.

106 274
124 000
-
-
total
-
-
-
-
Dividends
106 274
124 000
-
-
withholding
5 314
6 200
-
-
total
5 314
6 200
-
-
Income
124 000
124 000
124 000
124 000
Total tax
8 859
6 200
24 800
1 240
After tax
115 141
117 800
99 200
122 760
Living cost
14 180
14 180
14 180
14 180
Free-cash
100 961
103 620
85 020
108 580

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
₽58432
₽50030
₽36180
₽32630
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.

-
-
-
124 000
income
-
-
-
25 843
pensions
-
-
-
22 645
unemployment
-
-
-
187
health
-
-
-
12 203
total
-
-
-
60 878
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.

44 418
-
107 292
-
health
2 869
-
6 931
-
income
7 660
-
24 013
-
pensions
6 885
-
16 629
-
unemployment
63
-
151
-
total
17 477
-
47 724
-
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.

44 418
-
107 292
-
unemployment
27
-
65
-
pensions
3 931
-
9 495
-
health
2 958
-
7 144
-
total
6 916
-
16 704
-
Corporate
72 666
124 000
-
-
income
13 806
23 560
-
-
total
13 806
23 560
-
-
Dividends
58 860
100 440
-
-
withholding
8 829
15 066
-
-
total
8 829
15 066
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 028
38 626
64 428
60 878
After tax
76 972
85 374
59 572
63 122
Living cost
26 942
26 942
26 942
26 942
Free-cash
50 030
58 432
32 630
36 180

Estimated living cost  is ₽26942 per week

₽18490
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.
₽6205
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
₽31880
-₽26534
₽42132
₽67156
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
-
-
-
124 000
income
-
-
-
24 170
social contributions
-
-
-
14 136
total
-
-
-
38 306
Employee
62 462
-
-
-
social contributions
5 122
-
730
-
income
13 778
-
-
-
total
18 900
-
730
-
Employer
62 462
-
-
-
social contributions
88 072
-
12 552
-
total
88 072
-
12 552
-
Corporate
-
124 000
-
-
income
-
27 280
-
-
total
-
27 280
-
-
Dividends
-
96 720
-
-
income
-
21 278
-
-
total
-
21 278
-
-
Income
124 000
124 000
124 000
124 000
Total tax
106 972
48 558
13 282
38 306
After tax
17 028
75 442
110 718
85 694
Living cost
43 562
43 562
43 562
43 562
Free-cash
-26 534
31 880
67 156
42 132

Estimated living cost  is ₽43562 per week

₽28265
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.
₽10645
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
₽39025
₽38013
₽36669
₽28896
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.

-
-
-
124 000
income
-
-
-
12 733
surtax
-
-
-
-
social contributions

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

-
-
-
43 091
total
-
-
-
55 824
Employee
46 198
-
100 201
-
social contributions
5 082
-
11 021
-
surtax
-
-
-
-
income
9 609
-
28 777
-
total
14 691
-
39 798
-
Employer
46 198
-
100 201
-
social contributions
10 972
-
23 799
-
total
10 972
-
23 799
-
Corporate
66 830
124 000
-
-
surtax
-
-
-
-
income
14 035
26 040
-
-
total
14 035
26 040
-
-
Dividends
52 795
97 960
-
-
withholding
14 782
27 428
-
-
total
14 782
27 428
-
-
Income
124 000
124 000
124 000
124 000
Total tax
54 480
53 468
63 597
55 824
After tax
69 520
70 532
60 403
68 176
Living cost
31 507
31 507
31 507
31 507
Free-cash
38 013
39 025
28 896
36 669

Estimated living cost  is ₽31507 per week

₽23574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
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
₽13980
₽20885
₽22219
₽25523
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
-
-
-
124 000
income
-
-
-
15 140
pensions
-
-
-
27 156
other
-
-
-
3 845
health
-
-
-
3 591
surtax
-
-
-
-
social contributions
-
-
-
3 534
total
-
-
-
53 266
Employee
62 912
-
98 968
-
social contributions
1 792
-
2 819
-
surtax
-
-
-
-
income
5 489
-
16 505
-
pensions
7 116
-
5 606
-
total
14 397
-
24 930
-
Employer
62 912
-
98 968
-
other
2 171
-
3 414
-
social contributions
189
-
297
-
unemployment
2 549
-
4 009
-
pensions
10 337
-
9 665
-
health
4 403
-
7 647
-
total
19 649
-
25 032
-
Corporate
41 439
124 000
-
-
surtax
-
-
-
-
income
11 603
34 721
-
-
total
11 603
34 721
-
-
Dividends
29 836
89 279
-
-
surtax
-
-
-
-
social contributions
5 131
15 356
-
-
withholding
3 820
11 428
-
-
total
8 951
26 784
-
-
Income
124 000
124 000
124 000
124 000
Total tax
54 600
61 505
49 962
53 266
After tax
69 400
62 495
74 038
70 734
Living cost
48 515
48 515
48 515
48 515
Free-cash
20 885
13 980
25 523
22 219

Estimated living cost  is ₽48515 per week

₽32834
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
₽81406
₽78032
₽62955
₽66249
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
-
-
-
124 000
income
-
-
-
3 572
social contributions
-
-
-
27 279
total
-
-
-
30 851
Employee
32 293
-
107 359
-
income
-
-
3 938
-
social contributions
2 099
-
6 978
-
total
2 099
-
10 916
-
Employer
32 293
-
107 359
-
social contributions
5 006
-
16 641
-
total
5 006
-
16 641
-
Corporate
86 702
124 000
-
-
income
8 669
12 400
-
-
total
8 669
12 400
-
-
Dividends
78 032
111 600
-
-
total
-
-
-
-
Income
124 000
124 000
124 000
124 000
Total tax
15 774
12 400
27 557
30 851
After tax
108 226
111 600
96 443
93 149
Living cost
30 194
30 194
30 194
30 194
Free-cash
78 032
81 406
66 249
62 955

Estimated living cost  is ₽30194 per week

₽19523
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.
₽7827
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
-₽94845
-₽94845
₽27137
-₽94845
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
-
-
-
124 000
municipal
-
-
-
24 258
pensions
-
-
-
871
national
-
-
-
13 510
labour market
-
-
-
9 850
total
-
-
-
48 489
Employee
204 175
204 175
204 175
-
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
204 175
204 175
204 175
-
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
124 000
124 000
124 000
124 000
Total tax
170 471
170 471
170 471
48 489
After tax
-46 471
-46 471
-46 471
75 511
Living cost
48 374
48 374
48 374
48 374
Free-cash
-94 845
-94 845
-94 845
27 137

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
-₽11675
₽6713
₽63238
₽43791
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
-
-
-
124 000
accident
-
-
-
253
income
-
-
-
32 065
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
39 043
Employee
34 165
-
108 491
-
health
3 912
-
12 422
-
income
4 687
-
22 914
-
pensions
3 847
-
7 645
-
total
12 446
-
42 981
-
Employer
34 165
-
108 491
-
accident
570
-
1 812
-
unemployment
837
-
2 658
-
pensions
5 555
-
11 039
-
total
6 962
-
15 509
-
Corporate
82 872
124 000
-
-
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.

74 585
111 600
-
-
total
74 585
111 600
-
-
Dividends
8 287
12 400
-
-
withholding
1 575
2 356
-
-
total
1 575
2 356
-
-
Income
124 000
124 000
124 000
124 000
Total tax
95 568
113 956
58 490
39 043
After tax
28 432
10 044
65 510
84 957
Living cost
21 719
21 719
21 719
21 719
Free-cash
6 713
-11 675
43 791
63 238

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
₽42084
₽42150
₽46849
₽29849
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

-
-
-
124 000
municipal
-
-
-
22 053
health
-
-
-
1 491
national
-
-
-
15 043
total
-
-
-
38 587
Employee
52 847
-
104 315
-
health
395
-
1 188
-
municipal
8 656
-
17 014
-
pensions
3 566
-
7 041
-
unemployment
793
-
1 565
-
national
873
-
9 094
-
total
14 283
-
35 902
-
Employer
52 847
-
104 315
-
accident
53
-
105
-
unemployment
343
-
679
-
pensions
9 169
-
18 099
-
health
406
-
802
-
total
9 971
-
19 685
-
Corporate
61 182
124 000
-
-
income
12 236
24 799
-
-
total
12 236
24 799
-
-
Dividends

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

36 709
74 401
-
-
national
189
5 160
-
-
municipal
6 607
13 393
-
-
total
6 796
18 553
-
-
Income
124 000
124 000
124 000
124 000
Total tax
43 286
43 352
55 587
38 587
After tax
80 714
80 648
68 413
85 413
Living cost
38 564
38 564
38 564
38 564
Free-cash
42 150
42 084
29 849
46 849

Estimated living cost  is ₽38564 per week

₽25190
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
₽67377
₽61909
₽63660
₽62332
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
-
-
-
124 000
income
-
-
-
17 670
health
-
-
-
3 162
social contributions
-
-
-
16 252
total
-
-
-
37 084
Employee
77 239
77 239
113 259
-
social contributions
2 920
6 410
8 646
-
health
599
1 313
1 925
-
income
8 410
7 150
17 100
-
total
11 929
14 873
27 671
-
Employer
77 239
77 239
113 259
-
social contributions
2 920
6 410
8 646
-
health
650
1 430
2 095
-
total
3 570
7 840
10 741
-
Corporate
85 245
38 921
-
-
income
10 656
4 865
-
-
total
10 656
4 865
-
-
Dividends
74 589
34 056
-
-
withholding
12 680
5 789
-
-
total
12 680
5 789
-
-
Income
124 000
124 000
124 000
124 000
Total tax
38 835
33 367
38 412
37 084
After tax
85 165
90 633
85 588
86 916
Living cost
23 256
23 256
23 256
23 256
Free-cash
61 909
67 377
62 332
63 660

Estimated living cost  is ₽23256 per week

₽13938
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
₽86735
₽81627
₽85820
₽65672
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
-
-
-
124 000
income
-
-
-
12 179
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
22 232
Employee

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

23 056
-
114 183
-
health
1 960
-
8 101
-
income
1 576
-
9 689
-
pensions
3 458
-
14 296
-
unemployment
114
-
477
-
total
7 108
-
32 563
-
Employer

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

23 056
-
114 183
-
unemployment
114
-
477
-
pensions
1 268
-
5 242
-
health
991
-
4 098
-
total
2 373
-
9 817
-
Corporate
98 571
124 000
-
-
income
8 871
11 161
-
-
total
8 871
11 161
-
-
Dividends
89 699
112 839
-
-
withholding
8 073
10 156
-
-
total
8 073
10 156
-
-
Income
124 000
124 000
124 000
124 000
Total tax
26 425
21 317
42 380
22 232
After tax
97 575
102 683
81 620
101 768
Living cost
15 948
15 948
15 948
15 948
Free-cash
81 627
86 735
65 672
85 820

Estimated living cost  is ₽15948 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
₽55670
₽50604
₽41094
₽36269
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
-
-
-
124 000
accident
-
-
-
839
income
-
-
-
27 353
pensions
-
-
-
26 347
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
55 284
Employee
37 141
-
94 319
-
other
36
-
93
-
income
7 161
-
24 516
-
pensions
1 746
-
4 377
-
unemployment
576
-
1 443
-
total
9 519
-
30 429
-
Employer
37 141
-
94 319
-
accident
736
-
1 843
-
other
297
-
745
-
unemployment
2 043
-
5 120
-
pensions
8 765
-
21 972
-
total
11 841
-
29 680
-
Corporate
75 018
124 000
-
-
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.

11 252
18 600
-
-
total
11 252
18 600
-
-
Dividends
63 766
105 400
-
-
withholding
13 162
22 108
-
-
total
13 162
22 108
-
-
Income
124 000
124 000
124 000
124 000
Total tax
45 774
40 708
60 109
55 284
After tax
78 226
83 292
63 891
68 716
Living cost
27 622
27 622
27 622
27 622
Free-cash
50 604
55 670
36 269
41 094

Estimated living cost  is ₽27622 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.
₽5839
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
₽74626
₽74175
₽76235
₽76039
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
-
-
-
124 000
income
-
-
-
41 554
pensions
-
-
-
2 006
health
-
-
-
1 455
total
-
-
-
45 015
Employee
4 189
-
121 743
-
health
209
-
502
-
income
810
-
41 449
-
pensions
377
-
903
-
unemployment
42
-
100
-
total
1 438
-
42 954
-
Employer
4 189
-
121 743
-
unemployment
84
-
201
-
pensions
461
-
1 103
-
health
398
-
953
-
total
943
-
2 257
-
Corporate
118 868
124 000
-
-
income
26 151
27 280
-
-
total
26 151
27 280
-
-
Dividends
92 717
96 720
-
-
withholding
18 543
19 344
-
-
total
18 543
19 344
-
-
Income
124 000
124 000
124 000
124 000
Total tax
47 075
46 624
45 211
45 015
After tax
76 925
77 376
78 789
78 985
Living cost
2 750
2 750
2 750
2 750
Free-cash
74 175
74 626
76 039
76 235

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
₽72220
₽67279
₽51769
₽51766
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.

-
-
-
124 000
income
-
-
-
26 804
pensions
-
-
-
19 299
unemployment
-
-
-
1 113
health
-
-
-
7 645
total
-
-
-
54 861
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
-
110 713
-
health
1 349
-
3 823
-
income
3 610
-
26 805
-
pensions
3 667
-
10 392
-
unemployment
196
-
557
-
total
8 822
-
41 577
-
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
-
110 713
-
unemployment
196
-
557
-
pensions
3 143
-
8 907
-
health
1 349
-
3 823
-
total
4 688
-
13 287
-
Corporate
93 119
124 000
-
-
income
13 968
18 600
-
-
total
13 968
18 600
-
-
Dividends
79 151
105 400
-
-
withholding
11 873
15 810
-
-
total
11 873
15 810
-
-
Income
124 000
124 000
124 000
124 000
Total tax
39 351
34 410
54 864
54 861
After tax
84 649
89 590
69 136
69 139
Living cost
17 370
17 370
17 370
17 370
Free-cash
67 279
72 220
51 766
51 769

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
₽43452
₽43089
₽41096
₽33323
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.

-
-
-
124 000
income
-
-
-
12 733
surtax
-
-
-
-
social contributions

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

-
-
-
43 091
total
-
-
-
55 824
Employee
38 986
-
100 201
-
social contributions
4 289
-
11 021
-
surtax
-
-
-
-
income
7 618
-
28 777
-
total
11 907
-
39 798
-
Employer
38 986
-
100 201
-
social contributions
9 258
-
23 799
-
total
9 258
-
23 799
-
Corporate
75 756
124 000
-
-
surtax
-
-
-
-
income
15 909
26 040
-
-
total
15 909
26 040
-
-
Dividends
59 847
97 960
-
-
withholding
16 757
27 428
-
-
total
16 757
27 428
-
-
Income
124 000
124 000
124 000
124 000
Total tax
53 831
53 468
63 597
55 824
After tax
70 169
70 532
60 403
68 176
Living cost
27 080
27 080
27 080
27 080
Free-cash
43 089
43 452
33 323
41 096

Estimated living cost  is ₽27080 per week

₽19180
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
₽47990
₽40531
₽33414
₽28589
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
-
-
-
124 000
accident
-
-
-
839
income
-
-
-
27 353
pensions
-
-
-
26 347
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
55 284
Employee
48 511
-
94 319
-
other
48
-
93
-
income
10 132
-
24 516
-
pensions
2 280
-
4 377
-
unemployment
751
-
1 443
-
total
13 211
-
30 429
-
Employer
48 511
-
94 319
-
accident
961
-
1 843
-
other
389
-
745
-
unemployment
2 669
-
5 120
-
pensions
11 448
-
21 972
-
total
15 467
-
29 680
-
Corporate
60 022
124 000
-
-
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.

9 003
18 600
-
-
total
9 003
18 600
-
-
Dividends
51 019
105 400
-
-
withholding
10 486
22 108
-
-
total
10 486
22 108
-
-
Income
124 000
124 000
124 000
124 000
Total tax
48 167
40 708
60 109
55 284
After tax
75 833
83 292
63 891
68 716
Living cost
35 302
35 302
35 302
35 302
Free-cash
40 531
47 990
28 589
33 414

Estimated living cost  is ₽35302 per week

₽25352
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.
₽498
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
₽88744
₽82624
₽78758
₽83049
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
-
-
-
124 000
income
-
-
-
18 600
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
-
-
-
27 966
Employee
22 876
-
117 117
-
health
1 052
-
1 614
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
income
2 288
-
11 712
-
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
-
16 792
-
Employer
22 876
-
117 117
-
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
96 635
124 000
-
-
income
9 664
12 400
-
-
total
9 664
12 400
-
-
Dividends
86 972
111 600
-
-
withholding
4 349
5 580
-
-
total
4 349
5 580
-
-
Income
124 000
124 000
124 000
124 000
Total tax
24 100
17 980
23 675
27 966
After tax
99 900
106 020
100 325
96 034
Living cost
17 276
17 276
17 276
17 276
Free-cash
82 624
88 744
83 049
78 758

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
₽25124
₽38266
₽33020
₽44112
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.

-
-
-
124 000
trade
-
-
-
11 092
income

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

-
-
-
32 460
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.

-
-
-
1 786
total
-
-
-
52 200
Employee

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

49 979
-
124 000
-
health

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

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

6 862
-
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
-
1 786
-
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
-
32 460
-
total
11 199
-
41 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 021
124 000
-
-
surtax

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

610
1 024
-
-
income
11 103
18 600
-
-
trade
10 621
17 794
-
-
chamber of commerce
261
334
-
-
total
22 595
37 752
-
-
Dividends
51 426
86 248
-
-
surtax

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

686
1 165
-
-
withholding
12 474
21 179
-
-
total
13 160
22 344
-
-
Income
124 000
124 000
124 000
124 000
Total tax
46 954
60 096
41 108
52 200
After tax
77 046
63 904
82 892
71 800
Living cost
38 780
38 780
38 780
38 780
Free-cash
38 266
25 124
44 112
33 020

Estimated living cost  is ₽38780 per week

₽26751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4173
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
₽29582
₽31798
₽22260
₽22260
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
-
-
-
124 000
income
-
-
-
32 998
social contributions
-
-
-
11 523
total
-
-
-
44 521
Employee
78 572
-
124 000
-
income
14 826
-
32 998
-
social contributions
6 528
-
11 523
-
total
21 354
-
44 521
-
Employer
78 572
-
124 000
-
total
-
-
-
-
Corporate
45 428
124 000
-
-
income
5 678
15 499
-
-
total
5 678
15 499
-
-
Dividends
39 749
108 501
-
-
withholding
7 951
21 700
-
-
total
7 951
21 700
-
-
Income
124 000
124 000
124 000
124 000
Total tax
34 983
37 199
44 521
44 521
After tax
89 017
86 801
79 479
79 479
Living cost
57 219
57 219
57 219
57 219
Free-cash
31 798
29 582
22 260
22 260

Estimated living cost  is ₽57219 per week

₽43531
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.
₽8479
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
₽38830
₽42339
₽52213
₽54933
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.

-
-
-
124 000
income
-
-
-
28 593
health

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

-
-
-
6 731
total
-
-
-
35 324
Employee
46 079
-
119 379
-
income
5 000
-
23 362
-
social contributions
4 617
-
4 621
-
total
9 617
-
27 983
-
Employer
46 079
-
119 379
-
social contributions
4 617
-
4 621
-
total
4 617
-
4 621
-
Corporate
73 304
124 000
-
-
income
25 657
43 400
-
-
total
25 657
43 400
-
-
Dividends
47 647
80 600
-
-
social contributions
5 307
5 307
-
-
total
5 307
5 307
-
-
Income
124 000
124 000
124 000
124 000
Total tax
45 198
48 707
32 604
35 324
After tax
78 802
75 293
91 396
88 676
Living cost
36 463
36 463
36 463
36 463
Free-cash
42 339
38 830
54 933
52 213

Estimated living cost  is ₽36463 per week

₽24018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
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
₽49589
₽49984
₽48925
₽37408
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
-
-
-
124 000
income
-
-
-
29 840
pensions
-
-
-
7 972
total
-
-
-
37 812
Employee
51 149
-
108 808
-
health
667
-
1 783
-
income
9 315
-
22 164
-
pensions
3 904
-
10 190
-
total
13 886
-
34 137
-
Employer
51 149
-
108 808
-
pensions
5 168
-
13 124
-
health
972
-
2 068
-
total
6 140
-
15 192
-
Corporate
66 711
124 000
-
-
income

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

12 675
23 561
-
-
total
12 675
23 561
-
-
Dividends
54 036
100 439
-
-
withholding
4 052
13 587
-
-
total
4 052
13 587
-
-
Income
124 000
124 000
124 000
124 000
Total tax
36 753
37 148
49 329
37 812
After tax
87 247
86 852
74 671
86 188
Living cost
37 263
37 263
37 263
37 263
Free-cash
49 984
49 589
37 408
48 925

Estimated living cost  is ₽37263 per week

₽25562
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.
₽7806
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
-₽13825
₽6382
₽61088
₽41641
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
-
-
-
124 000
accident
-
-
-
253
income
-
-
-
32 065
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
39 043
Employee
37 547
-
108 491
-
health
4 299
-
12 422
-
income
5 151
-
22 914
-
pensions
4 228
-
7 645
-
total
13 678
-
42 981
-
Employer
37 547
-
108 491
-
accident
627
-
1 812
-
unemployment
920
-
2 658
-
pensions
6 105
-
11 039
-
total
7 652
-
15 509
-
Corporate
78 802
124 000
-
-
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.

70 922
111 600
-
-
total
70 922
111 600
-
-
Dividends
7 880
12 400
-
-
withholding
1 497
2 356
-
-
total
1 497
2 356
-
-
Income
124 000
124 000
124 000
124 000
Total tax
93 749
113 956
58 490
39 043
After tax
30 251
10 044
65 510
84 957
Living cost
23 869
23 869
23 869
23 869
Free-cash
6 382
-13 825
41 641
61 088

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
₽90780
₽86080
₽56690
₽68704
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.

-
-
-
124 000
work injury
-
-
-
620
health insurance
-
-
-
9 176
income
-
-
-
19 644
pensions
-
-
-
22 816
unemployment
-
-
-
1 488
total
-
-
-
53 744
Employee

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

21 706
-
124 000
-
work injury
109
-
402
-
income
2 171
-
19 644
-
pensions
3 994
-
14 777
-
health insurance
1 606
-
5 943
-
unemployment
260
-
964
-
total
8 140
-
41 730
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
102 294
124 000
-
-
income

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

1 023
1 240
-
-
total
1 023
1 240
-
-
Dividends
101 271
122 760
-
-
withholding
15 191
18 414
-
-
total
15 191
18 414
-
-
Income
124 000
124 000
124 000
124 000
Total tax
24 354
19 654
41 730
53 744
After tax
99 646
104 346
82 270
70 256
Living cost
13 566
13 566
13 566
13 566
Free-cash
86 080
90 780
68 704
56 690

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
₽25301
₽20731
₽20583
₽14913
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
-
-
-
124 000
municipal
-
-
-
829
regional
-
-
-
2 694
national
-
-
-
27 986
social contributions
-
-
-
31 892
total
-
-
-
63 401
Employee
84 643
-
124 000
-
social contributions
28 541
-
41 812
-
regional
1 278
-
2 303
-
municipal
505
-
740
-
national
14 304
-
24 216
-
total
44 628
-
69 071
-
Employer
84 643
-
124 000
-
total
-
-
-
-
Corporate
39 357
124 000
-
-
nationa
9 445
29 759
-
-
municipal
1 897
5 976
-
-
total
11 342
35 735
-
-
Dividends
28 015
88 265
-
-
withholding
7 283
22 948
-
-
total
7 283
22 948
-
-
Income
124 000
124 000
124 000
124 000
Total tax
63 253
58 683
69 071
63 401
After tax
60 747
65 317
54 929
60 599
Living cost
40 016
40 016
40 016
40 016
Free-cash
20 731
25 301
14 913
20 583

Estimated living cost  is ₽40016 per week

₽28108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2753
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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