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
₽ 124500
per

Your estimated
City
free-cash

Dresden , Germany
₽34741
₽54007
₽41195
₽45012
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.

-
-
-
124 500
income

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

-
-
-
34 160
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.

-
-
-
1 879
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.

-
-
-
6 341
trade
-
-
-
12 812
total
-
-
-
55 192
Employee

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

35 500
-
124 500
-
surtax

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

55
-
1 879
-
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.

992
-
34 160
-
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.

6 341
-
6 341
-
total
7 388
-
42 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 000
124 500
-
-
income
13 349
18 676
-
-
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.

734
1 027
-
-
chamber of commerce
269
321
-
-
trade
14 017
19 609
-
-
total
28 369
39 633
-
-
Dividends
60 630
84 868
-
-
surtax

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

814
1 148
-
-
withholding
14 804
20 865
-
-
total
15 618
22 013
-
-
Income
124 500
124 500
124 500
124 500
Total tax
51 375
61 646
42 380
55 192
After tax
73 125
62 854
82 120
69 308
Living cost
28 113
28 113
28 113
28 113
Free-cash
45 012
34 741
54 007
41 195

Estimated living cost  is ₽28113 per week

₽17684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
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.
₽6626
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
₽27902
₽25516
₽24539
₽27074
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
-
-
-
124 500
social contributions
-
-
-
1 338
municipal
-
-
-
13 295
national
-
-
-
20 602
pensions
-
-
-
14 940
total
-
-
-
50 175
Employee
77 178
-
107 629
-
municipal
9 533
-
13 777
-
pensions
3 087
-
4 305
-
national
14 772
-
21 349
-
total
27 392
-
39 431
-
Employer
77 178
-
107 629
-
pensions
6 174
-
8 610
-
social contributions
830
-
1 157
-
total
7 004
-
9 767
-
Corporate
35 224
124 500
-
-
income

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

7 045
24 900
-
-
total
7 045
24 900
-
-
Dividends
28 179
99 600
-
-
withholding
6 199
21 912
-
-
total
6 199
21 912
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 640
46 812
49 198
50 175
After tax
76 860
77 688
75 302
74 325
Living cost
49 786
49 786
49 786
49 786
Free-cash
27 074
27 902
25 516
24 539

Estimated living cost  is ₽49786 per week

₽33839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10574
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
₽80290
₽50504
₽18482
₽72677
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.

-
-
-
124 500
income
-
-
-
19 399
surtax
-
-
-
31 747
social contributions

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

-
-
-
35 562
microenterprise
-
-
-
-
total
-
-
-
86 708
Employee
27 121
-
100 331
-
surtax
-
-
-
-
social contributions

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

2 984
-
11 037
-
income
4 828
-
19 480
-
total
7 812
-
30 517
-
Employer
27 121
-
100 331
-
social contributions

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

6 533
-
24 169
-
surtax
-
-
-
-
total
6 533
-
24 169
-
Corporate
90 846
124 500
-
-
income

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

18 168
24 900
-
-
total
18 168
24 900
-
-
Dividends

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

72 678
99 600
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
32 513
24 900
54 686
86 708
After tax
91 987
99 600
69 814
37 792
Living cost
19 310
19 310
19 310
19 310
Free-cash
72 677
80 290
50 504
18 482

Estimated living cost  is ₽19310 per week

₽12319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
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.
₽4713
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
₽22175
₽33075
₽32565
₽16488
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
-
-
-
124 500
income
-
-
-
30 733
health
-
-
-
11 445
pensions
-
-
-
10 875
total
-
-
-
53 053
Employee
79 261
79 261
107 251
-
pensions
14 267
10 875
10 875
-
income

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

12 974
12 974
12 974
-
health
12 166
10 348
11 445
-
total
39 407
34 197
35 294
-
Employer
79 261
79 261
107 251
-
health
5 510
5 510
6 846
-
pensions
5 517
5 517
6 857
-
unemployment
2 853
2 853
3 546
-
total
13 880
13 880
17 249
-
Corporate
32 332
31 360
-
-
income
6 466
6 272
-
-
total
6 466
6 272
-
-
Dividends
25 866
25 087
-
-
income
5 497
5 332
-
-
withholding
3 880
3 762
-
-
total
9 377
9 094
-
-
Income
124 500
124 500
124 500
124 500
Total tax
69 130
63 443
52 543
53 053
After tax
55 370
61 057
71 957
71 447
Living cost
38 882
38 882
38 882
38 882
Free-cash
16 488
22 175
33 075
32 565

Estimated living cost  is ₽38882 per week

₽27555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7204
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
₽30111
₽27195
₽28216
₽29263
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
-
-
-
124 500
accident
-
-
-
166
other
-
-
-
9 643
unemployment
-
-
-
83
health
-
-
-
5 178
municipal
-
-
-
29 957
national
-
-
-
4 420
pensions
-
-
-
8 971
total
-
-
-
58 418
Employee
53 955
-
98 425
-
municipal
16 089
-
29 350
-
national
-
-
4 014
-
total
16 089
-
33 364
-
Employer
53 955
-
98 425
-
health
3 318
-
5 104
-
pensions
5 832
-
8 971
-
accident
108
-
166
-
unemployment
1 424
-
2 191
-
other
6 270
-
9 643
-
total
16 952
-
26 075
-
Corporate
53 592
124 500
-
-
income
11 790
27 390
-
-
total
11 790
27 390
-
-
Dividends
41 802
97 110
-
-
withholding
12 540
29 133
-
-
total
12 540
29 133
-
-
Income
124 500
124 500
124 500
124 500
Total tax
57 371
56 523
59 439
58 418
After tax
67 129
67 977
65 061
66 082
Living cost
37 866
37 866
37 866
37 866
Free-cash
29 263
30 111
27 195
28 216

Estimated living cost  is ₽37866 per week

₽25096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
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

Source of data for Stockholm model

Close
Hamburg , Germany
₽25752
₽45658
₽32277
₽38797
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.

-
-
-
124 500
income

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

-
-
-
34 160
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.

-
-
-
1 879
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.

-
-
-
6 341
trade
-
-
-
13 381
total
-
-
-
55 761
Employee

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

47 069
-
124 500
-
surtax

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

222
-
1 879
-
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.

4 044
-
34 160
-
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.

6 341
-
6 341
-
total
10 607
-
42 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 431
124 500
-
-
income
11 614
18 676
-
-
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.

639
1 027
-
-
chamber of commerce
252
319
-
-
trade
12 738
20 481
-
-
total
25 243
40 503
-
-
Dividends
52 187
83 998
-
-
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.

697
1 136
-
-
withholding
12 694
20 647
-
-
total
13 391
21 783
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 241
62 286
42 380
55 761
After tax
75 259
62 214
82 120
68 739
Living cost
36 462
36 462
36 462
36 462
Free-cash
38 797
25 752
45 658
32 277

Estimated living cost  is ₽36462 per week

₽24386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7687
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
₽60847
₽55679
₽56944
₽56996
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
-
-
-
124 500
income
-
-
-
19 260
social contributions
-
-
-
15 017
health
-
-
-
3 174
total
-
-
-
37 451
Employee
71 371
71 371
114 393
-
social contributions
3 468
5 923
7 990
-
income
7 495
6 607
18 674
-
health
710
1 214
1 945
-
total
11 673
13 744
28 609
-
Employer
71 371
71 371
114 393
-
health
773
1 321
2 117
-
social contributions
3 468
5 923
7 990
-
total
4 241
7 244
10 107
-
Corporate
78 481
45 885
-
-
income
9 811
5 735
-
-
total
9 811
5 735
-
-
Dividends
68 671
40 150
-
-
withholding
11 674
6 825
-
-
total
11 674
6 825
-
-
Income
124 500
124 500
124 500
124 500
Total tax
37 399
33 548
38 716
37 451
After tax
87 101
90 952
85 784
87 049
Living cost
30 105
30 105
30 105
30 105
Free-cash
56 996
60 847
55 679
56 944

Estimated living cost  is ₽30105 per week

₽20580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
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.
₽6668
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
₽53018
₽55171
₽69245
₽53375
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
-
-
-
124 500
income
-
-
-
15 220
unemployment
-
-
-
1 868
health
-
-
-
8 715
pensions
-
-
-
12 450
total
-
-
-
38 253
Employee

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

The minimum wage is 138,000 HUF per month.

24 542
9 768
104 184
-
unemployment
368
147
1 563
-
pensions
2 454
977
10 418
-
income
3 000
1 194
12 737
-
health
1 718
684
7 293
-
total
7 540
3 002
32 011
-
Employer

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

The minimum wage is 138,000 HUF per month.

24 542
9 768
104 184
-
pensions
4 786
1 905
20 316
-
total
4 786
1 905
20 316
-
Corporate
95 172
112 828
-
-
income
8 565
10 155
-
-
total
8 565
10 155
-
-
Dividends
86 606
102 673
-
-
social contributions
16 777
19 910
-
-
withholding
16 455
19 508
-
-
total
33 232
39 418
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 123
54 480
52 327
38 253
After tax
70 377
70 020
72 173
86 247
Living cost
17 002
17 002
17 002
17 002
Free-cash
53 375
53 018
55 171
69 245

Estimated living cost  is ₽17002 per week

₽11602
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.
₽340
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.
₽3669
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
₽77182
₽49342
₽44314
₽71418
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
-
-
-
124 500
income
-
-
-
16 684
health
-
-
-
16 185
pensions
-
-
-
24 899
total
-
-
-
57 768
Employee
26 330
-
93 047
-
unemployment
421
-
1 488
-
pensions
527
-
1 862
-
income
2 964
-
17 939
-
total
3 912
-
21 289
-
Employer
26 330
-
93 047
-
health
3 422
-
12 097
-
pensions
5 266
-
18 609
-
unemployment
211
-
745
-
total
8 899
-
31 451
-
Corporate
89 269
124 500
-
-
income
17 853
24 900
-
-
total
17 853
24 900
-
-
Dividends
71 416
99 600
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
30 664
24 900
52 740
57 768
After tax
93 836
99 600
71 760
66 732
Living cost
22 418
22 418
22 418
22 418
Free-cash
71 418
77 182
49 342
44 314

Estimated living cost  is ₽22418 per week

₽15377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
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.
₽5256
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
-₽10588
₽45512
₽64584
₽6913
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
-
-
-
124 500
accident
-
-
-
237
income
-
-
-
32 699
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
39 243
Employee
32 520
-
109 631
-
pensions
3 662
-
7 169
-
income
4 461
-
23 724
-
health
3 724
-
12 552
-
total
11 847
-
43 445
-
Employer
32 520
-
109 631
-
pensions
5 288
-
10 353
-
accident
543
-
1 831
-
unemployment
797
-
2 686
-
total
6 628
-
14 870
-
Corporate
85 352
124 500
-
-
income

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

76 817
112 050
-
-
total
76 817
112 050
-
-
Dividends
8 535
12 450
-
-
withholding
1 622
2 365
-
-
total
1 622
2 365
-
-
Income
124 500
124 500
124 500
124 500
Total tax
96 914
114 415
58 315
39 243
After tax
27 586
10 085
66 185
85 257
Living cost
20 673
20 673
20 673
20 673
Free-cash
6 913
-10 588
45 512
64 584

Estimated living cost  is ₽20673 per week

₽15152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1145
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.
₽3945
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
₽110681
₽92006
₽115661
₽109258
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%.

-
-
-
124 500
microenterprise

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

-
-
-
1 245
total
-
-
-
1 245
Employee
9 492
-
124 500
-
income
1 898
-
24 900
-
total
1 898
-
24 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

115 008
124 500
-
-
total
-
-
-
-
Dividends
115 008
124 500
-
-
withholding
5 750
6 225
-
-
total
5 750
6 225
-
-
Income
124 500
124 500
124 500
124 500
Total tax
7 648
6 225
24 900
1 245
After tax
116 852
118 275
99 600
123 255
Living cost
7 594
7 594
7 594
7 594
Free-cash
109 258
110 681
92 006
115 661

Estimated living cost  is ₽7594 per week

₽4706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽209
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.
₽2048
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
₽66737
₽46767
₽41616
₽60472
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
-
-
-
124 500
income
-
-
-
16 879
other
-
-
-
5 915
health
-
-
-
5 478
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.

-
-
-
29 880
total
-
-
-
58 152
Employee
33 700
-
99 439
-
unemployment
336
-
995
-
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.

2 358
-
6 961
-
income
5 802
-
18 595
-
health
472
-
1 391
-
total
8 968
-
27 942
-
Employer
33 700
-
99 439
-
health
472
-
1 391
-
pensions

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

5 730
-
16 905
-
accident
269
-
796
-
unemployment
336
-
995
-
other
1 686
-
4 972
-
total
8 493
-
25 059
-
Corporate
82 306
124 500
-
-
income
17 284
26 146
-
-
total
17 284
26 146
-
-
Dividends
65 022
98 354
-
-
withholding
4 551
6 885
-
-
total
4 551
6 885
-
-
Income
124 500
124 500
124 500
124 500
Total tax
39 296
33 031
53 001
58 152
After tax
85 204
91 469
71 499
66 348
Living cost
24 732
24 732
24 732
24 732
Free-cash
60 472
66 737
46 767
41 616

Estimated living cost  is ₽24732 per week

₽17474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
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.
₽5189
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
₽23998
₽12354
₽23831
₽19086
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
-
-
-
124 500
income
-
-
-
31 586
pensions
-
-
-
7 529
total
-
-
-
39 115
Employee
87 090
-
109 105
-
pensions
8 402
-
9 535
-
income
15 699
-
23 935
-
health
1 435
-
1 727
-
total
25 536
-
35 197
-
Employer
87 090
-
109 105
-
health
1 654
-
2 074
-
pensions
10 283
-
13 321
-
total
11 937
-
15 395
-
Corporate
25 473
124 500
-
-
income

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

4 840
23 655
-
-
total
4 840
23 655
-
-
Dividends
20 632
100 845
-
-
withholding
1 547
15 293
-
-
total
1 547
15 293
-
-
Income
124 500
124 500
124 500
124 500
Total tax
43 860
38 948
50 592
39 115
After tax
80 640
85 552
73 908
85 385
Living cost
61 554
61 554
61 554
61 554
Free-cash
19 086
23 998
12 354
23 831

Estimated living cost  is ₽61554 per week

₽46124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7232
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
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.
₽7698
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
₽94277
₽89459
₽84998
₽89967
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
-
-
-
124 500
income
-
-
-
18 675
unemployment
-
-
-
130
health
-
-
-
3 729
pensions

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

-
-
-
4 798
total
-
-
-
27 332
Employee
16 114
-
118 139
-
accident

We are using the highest rate at 1.1%.

177
-
357
-
pensions

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

1 415
-
2 847
-
income
1 611
-
11 814
-
health
741
-
1 491
-
total
3 944
-
16 509
-
Employer
16 114
-
118 139
-
health
1 112
-
2 237
-
pensions

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

1 776
-
3 573
-
accident

We are using the highest rate at 1.1%.

177
-
357
-
unemployment
96
-
195
-
total
3 161
-
6 362
-
Corporate
105 224
124 500
-
-
income
10 523
12 450
-
-
total
10 523
12 450
-
-
Dividends
94 701
112 050
-
-
withholding
4 735
5 603
-
-
total
4 735
5 603
-
-
Income
124 500
124 500
124 500
124 500
Total tax
22 363
18 053
22 871
27 332
After tax
102 137
106 447
101 629
97 168
Living cost
12 170
12 170
12 170
12 170
Free-cash
89 967
94 277
89 459
84 998

Estimated living cost  is ₽12170 per week

₽7105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽322
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.
₽3874
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
₽9589
₽20489
₽19979
₽11924
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
-
-
-
124 500
income
-
-
-
30 733
health
-
-
-
11 445
pensions
-
-
-
10 875
total
-
-
-
53 053
Employee
86 052
79 261
107 251
-
pensions
10 875
10 875
10 875
-
income

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

12 974
12 974
12 974
-
health
10 735
10 348
11 445
-
total
34 584
34 197
35 294
-
Employer
86 052
79 261
107 251
-
health
5 980
5 510
6 846
-
pensions
5 989
5 517
6 857
-
unemployment
3 098
2 853
3 546
-
total
15 067
13 880
17 249
-
Corporate
23 381
31 360
-
-
income
4 676
6 272
-
-
total
4 676
6 272
-
-
Dividends
18 705
25 087
-
-
income
3 975
5 332
-
-
withholding
2 806
3 762
-
-
total
6 781
9 094
-
-
Income
124 500
124 500
124 500
124 500
Total tax
61 108
63 443
52 543
53 053
After tax
63 392
61 057
71 957
71 447
Living cost
51 468
51 468
51 468
51 468
Free-cash
11 924
9 589
20 489
19 979

Estimated living cost  is ₽51468 per week

₽37966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
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.
₽8315
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
₽62612
₽40073
₽40172
₽54369
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
-
-
-
124 500
income
-
-
-
11 166
social contributions
-
-
-
33 249
solidarity contribution
-
-
-
-
health
-
-
-
16 807
total
-
-
-
61 222
Employee
33 980
-
92 910
-
solidarity contribution
-
-
-
-
social contributions
2 209
-
6 039
-
income
4 078
-
11 149
-
health
4 587
-
12 543
-
total
10 874
-
29 731
-
Employer
33 980
-
92 910
-
health
3 058
-
8 362
-
social contributions
8 495
-
23 228
-
total
11 553
-
31 590
-
Corporate
78 967
124 500
-
-
income
15 004
23 655
-
-
total
15 004
23 655
-
-
Dividends
63 963
100 845
-
-
withholding
9 594
15 127
-
-
total
9 594
15 127
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 025
38 782
61 321
61 222
After tax
77 475
85 718
63 179
63 278
Living cost
23 106
23 106
23 106
23 106
Free-cash
54 369
62 612
40 073
40 172

Estimated living cost  is ₽23106 per week

₽16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4958
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
₽27261
₽16559
₽22485
₽22417
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
-
-
-
124 500
social contributions
-
-
-
32 021
regional
-
-
-
1 428
municipal
-
-
-
740
national
-
-
-
28 661
total
-
-
-
62 850
Employee
82 489
-
124 500
-
municipal
437
-
661
-
national
14 293
-
24 876
-
regional
778
-
1 257
-
social contributions
27 815
-
41 982
-
total
43 323
-
68 776
-
Employer
82 489
-
124 500
-
total
-
-
-
-
Corporate
42 011
124 500
-
-
municipal
1 638
4 856
-
-
nationa
10 082
29 880
-
-
total
11 720
34 736
-
-
Dividends
30 291
89 764
-
-
withholding
7 875
23 338
-
-
total
7 875
23 338
-
-
Income
124 500
124 500
124 500
124 500
Total tax
62 918
58 074
68 776
62 850
After tax
61 582
66 426
55 724
61 650
Living cost
39 165
39 165
39 165
39 165
Free-cash
22 417
27 261
16 559
22 485

Estimated living cost  is ₽39165 per week

₽27301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
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.
₽8694
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
₽57829
₽36451
₽38594
₽54940
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
-
-
-
124 500
income
-
-
-
27 789
other
-
-
-
-
surtax
-
-
-
3 856
unemployment
-
-
-
211
health
-
-
-
8 794
pensions
-
-
-
24 775
total
-
-
-
65 425
Employee
30 694
-
102 849
-
other
-
-
-
-
unemployment
2 137
-
7 158
-
pensions
2 047
-
6 860
-
surtax
100
-
3 517
-
income
5 145
-
25 760
-
health
784
-
2 623
-
total
10 213
-
45 918
-
Employer
30 694
-
102 849
-
health
1 397
-
4 680
-
pensions
4 092
-
13 710
-
unemployment
972
-
3 260
-
other
-
-
-
-
total
6 461
-
21 650
-
Corporate
87 346
124 500
-
-
income
22 709
32 370
-
-
total
22 709
32 370
-
-
Dividends
64 637
92 130
-
-
withholding
9 696
13 820
-
-
total
9 696
13 820
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 079
46 190
67 568
65 425
After tax
75 421
78 310
56 932
59 075
Living cost
20 481
20 481
20 481
20 481
Free-cash
54 940
57 829
36 451
38 594

Estimated living cost  is ₽20481 per week

₽12523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
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.
₽5596
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
₽43500
₽31856
₽43333
₽43987
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
-
-
-
124 500
income
-
-
-
31 586
pensions
-
-
-
7 529
total
-
-
-
39 115
Employee
58 366
-
109 105
-
pensions
4 954
-
9 535
-
income
10 512
-
23 935
-
health
847
-
1 727
-
total
16 313
-
35 197
-
Employer
58 366
-
109 105
-
health
1 109
-
2 074
-
pensions
6 318
-
13 321
-
total
7 427
-
15 395
-
Corporate
58 708
124 500
-
-
income

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

11 154
23 655
-
-
total
11 154
23 655
-
-
Dividends
47 553
100 845
-
-
withholding
3 567
15 293
-
-
total
3 567
15 293
-
-
Income
124 500
124 500
124 500
124 500
Total tax
38 461
38 948
50 592
39 115
After tax
86 039
85 552
73 908
85 385
Living cost
42 052
42 052
42 052
42 052
Free-cash
43 987
43 500
31 856
43 333

Estimated living cost  is ₽42052 per week

₽31505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3152
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6955
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
-₽16994
₽22573
₽28696
₽14634
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
-
-
-
124 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
2 489
regional
-
-
-
5 075
health
-
-
-
281
city
-
-
-
1 312
national
-
-
-
1 269
pensions
-
-
-
11 454
total
-
-
-
21 880
Employee
86 510
-
111 434
-
unemployment
-
-
-
-
pensions
7 268
-
9 360
-
national
409
-
995
-
regional
2 833
-
4 359
-
city
928
-
1 198
-
health
196
-
251
-
total
11 634
-
16 163
-
Employer
86 510
-
111 434
-
health
196
-
251
-
pensions
7 268
-
9 360
-
unemployment
-
-
-
-
other

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

1 730
-
2 229
-
total
9 194
-
11 840
-
Corporate
27 846
124 500
-
-
regional
5 890
26 332
-
-
national
2 368
10 583
-
-
total
8 258
36 915
-
-
Dividends
19 589
87 585
-
-
withholding
6 856
30 655
-
-
total
6 856
30 655
-
-
Income
124 500
124 500
124 500
124 500
Total tax
35 942
67 570
28 003
21 880
After tax
88 558
56 930
96 497
102 620
Living cost
73 924
73 924
73 924
73 924
Free-cash
14 634
-16 994
22 573
28 696

Estimated living cost  is ₽73924 per week

₽48072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽908
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.
₽18310
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
₽19058
₽39601
₽25649
₽34108
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.

-
-
-
124 500
income

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

-
-
-
34 160
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.

-
-
-
1 879
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.

-
-
-
6 341
trade
-
-
-
13 952
total
-
-
-
56 332
Employee

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

55 781
-
124 500
-
surtax

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

361
-
1 879
-
income

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

6 559
-
34 160
-
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.

6 341
-
6 341
-
total
13 261
-
42 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 719
124 500
-
-
income
10 307
18 676
-
-
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.

567
1 027
-
-
chamber of commerce
238
315
-
-
trade
11 785
21 351
-
-
total
22 897
41 369
-
-
Dividends
45 822
83 131
-
-
surtax

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

611
1 124
-
-
withholding
11 104
20 430
-
-
total
11 715
21 554
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 873
62 923
42 380
56 332
After tax
76 627
61 577
82 120
68 168
Living cost
42 519
42 519
42 519
42 519
Free-cash
34 108
19 058
39 601
25 649

Estimated living cost  is ₽42519 per week

₽31054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7512
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
₽30994
₽41035
₽39036
₽36474
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
-
-
-
124 500
income
-
-
-
16 338
other
-
-
-
3 859
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
4 048
pensions
-
-
-
25 917
total
-
-
-
53 709
Employee
39 724
-
98 650
-
pensions
4 491
-
5 908
-
surtax
-
-
-
-
social contributions
1 133
-
2 811
-
income
2 344
-
17 141
-
total
7 968
-
25 860
-
Employer
39 724
-
98 650
-
health
2 781
-
8 001
-
pensions
6 526
-
10 116
-
unemployment
1 608
-
3 995
-
social contributions
120
-
296
-
other
1 370
-
3 442
-
total
12 405
-
25 850
-
Corporate
72 371
124 500
-
-
income
20 264
34 861
-
-
surtax
-
-
-
-
total
20 264
34 861
-
-
Dividends
52 107
89 639
-
-
surtax
-
-
-
-
social contributions
8 964
15 417
-
-
withholding
6 670
11 473
-
-
total
15 634
26 890
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 271
61 751
51 710
53 709
After tax
68 229
62 749
72 790
70 791
Living cost
31 755
31 755
31 755
31 755
Free-cash
36 474
30 994
41 035
39 036

Estimated living cost  is ₽31755 per week

₽20023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
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.
₽8611
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
₽34140
₽44181
₽42182
₽39296
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
-
-
-
124 500
income
-
-
-
16 338
other
-
-
-
3 859
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
4 048
pensions
-
-
-
25 917
total
-
-
-
53 709
Employee
35 459
-
98 650
-
pensions
4 011
-
5 908
-
surtax
-
-
-
-
social contributions
1 011
-
2 811
-
income
1 828
-
17 141
-
total
6 850
-
25 860
-
Employer
35 459
-
98 650
-
health
2 482
-
8 001
-
pensions
5 827
-
10 116
-
unemployment
1 436
-
3 995
-
social contributions
106
-
296
-
other
1 224
-
3 442
-
total
11 075
-
25 850
-
Corporate
77 967
124 500
-
-
income
21 830
34 861
-
-
surtax
-
-
-
-
total
21 830
34 861
-
-
Dividends
56 137
89 639
-
-
surtax
-
-
-
-
social contributions
9 654
15 417
-
-
withholding
7 186
11 473
-
-
total
16 840
26 890
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 595
61 751
51 710
53 709
After tax
67 905
62 749
72 790
70 791
Living cost
28 609
28 609
28 609
28 609
Free-cash
39 296
34 140
44 181
42 182

Estimated living cost  is ₽28609 per week

₽16592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
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.
₽8569
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
₽56275
₽58851
₽60272
₽56758
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
-
-
-
124 500
income
-
-
-
18 676
social contributions
-
-
-
17 180
health
-
-
-
8 691
total
-
-
-
44 547
Employee
31 470
-
124 500
-
social contributions
4 344
-
17 180
-
income
5 249
-
20 097
-
health
2 196
-
8 691
-
total
11 789
-
45 968
-
Employer
31 470
-
124 500
-
total
-
-
-
-
Corporate
93 030
124 500
-
-
income

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

4 652
6 225
-
-
total
4 652
6 225
-
-
Dividends
88 378
118 275
-
-
social contributions
12 196
16 322
-
-
withholding
13 256
17 742
-
-
health
6 168
8 255
-
-
total
31 620
42 319
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 061
48 544
45 968
44 547
After tax
76 439
75 956
78 532
79 953
Living cost
19 681
19 681
19 681
19 681
Free-cash
56 758
56 275
58 851
60 272

Estimated living cost  is ₽19681 per week

₽13171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
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.
₽4842
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
₽36552
₽990
₽30173
₽35119
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
-
-
-
124 500
income
-
-
-
26 894
surtax
-
-
-
183
unemployment
-
-
-
5 693
chamber of commerce
-
-
-
498
health
-
-
-
8 294
pensions
-
-
-
20 060
total
-
-
-
61 622
Employee
46 385
36 988
96 533
-
other
463
370
965
-
unemployment
1 391
1 110
2 896
-
pensions
4 750
3 787
9 885
-
income
5 281
2 728
22 105
-
health
1 795
1 432
3 736
-
total
13 680
9 427
39 587
-
Employer
46 385
36 988
96 533
-
chamber of commerce
185
148
386
-
health
1 753
1 399
3 650
-
pensions
5 821
4 643
12 115
-
accident
602
481
1 254
-
unemployment
1 391
1 110
2 896
-
surtax
183
183
183
-
payroll
1 391
1 110
2 896
-
other
2 203
1 756
4 585
-
total
13 529
10 830
27 965
-
Corporate
64 584
76 683
93 014
-
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.

16 146
19 171
23 253
-
total
16 146
19 171
23 253
-
Dividends
48 438
57 512
-
-
withholding
13 321
15 815
-
-
total
13 321
15 815
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 676
55 243
90 805
61 622
After tax
67 824
69 257
33 695
62 878
Living cost
32 705
32 705
32 705
32 705
Free-cash
35 119
36 552
990
30 173

Estimated living cost  is ₽32705 per week

₽21813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2790
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7565
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
₽35868
₽12169
₽21411
₽21947
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
-
-
-
124 500
communal

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

-
-
-
6 290
social contributions
-
-
-
19 666
national
-
-
-
43 291
total
-
-
-
69 247
Employee

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

66 392
-
96 431
-
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.

578
-
838
-
communal

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

3 463
-
5 030
-
pensions

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

4 979
-
7 232
-
national
20 411
-
32 788
-
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.

3 119
-
4 534
-
total
32 550
-
50 422
-
Employer

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

66 392
-
96 431
-
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.

4 083
-
5 930
-
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.

5 883
-
8 544
-
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.

863
-
1 252
-
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.

969
-
1 407
-
surtax
7 528
-
10 934
-
total
19 326
-
28 067
-
Corporate
38 783
124 500
-
-
income
7 757
24 900
-
-
surtax
155
498
-
-
total
7 912
25 398
-
-
Dividends
30 871
99 101
-
-
withholding

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

8 923
29 392
-
-
total
8 923
29 392
-
-
Income
124 500
124 500
124 500
124 500
Total tax
68 711
54 790
78 489
69 247
After tax
55 789
69 710
46 011
55 253
Living cost
33 842
33 842
33 842
33 842
Free-cash
21 947
35 868
12 169
21 411

Estimated living cost  is ₽33842 per week

₽21799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8555
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
₽49937
₽31767
₽36227
₽42897
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
-
-
-
124 500
accident
-
-
-
775
income
-
-
-
28 945
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
54 753
Employee
46 201
-
97 074
-
other
46
-
86
-
unemployment
717
-
1 333
-
pensions
2 172
-
4 044
-
income
9 748
-
26 324
-
total
12 683
-
31 787
-
Employer
46 201
-
97 074
-
pensions
10 903
-
20 303
-
accident
914
-
1 703
-
unemployment
2 542
-
4 731
-
other
368
-
689
-
total
14 727
-
27 426
-
Corporate
63 572
124 500
-
-
income

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

9 536
18 676
-
-
total
9 536
18 676
-
-
Dividends
54 036
105 824
-
-
withholding
11 137
22 367
-
-
total
11 137
22 367
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 083
41 043
59 213
54 753
After tax
76 417
83 457
65 287
69 747
Living cost
33 520
33 520
33 520
33 520
Free-cash
42 897
49 937
31 767
36 227

Estimated living cost  is ₽33520 per week

₽24684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
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.
₽5975
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
₽24310
₽20443
₽15479
₽14691
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
-
-
-
124 500
communal
-
-
-
7 868
accident
-
-
-
1 050
income
-
-
-
16 082
surtax
-
-
-
6 172
health
-
-
-
8 747
pensions
-
-
-
18 662
total
-
-
-
58 581
Employee
70 289
-
111 211
-
pensions
5 622
-
8 897
-
surtax
4 308
-
6 815
-
income
6 789
-
19 667
-
health
3 128
-
4 949
-
total
19 847
-
40 328
-
Employer
70 289
-
111 211
-
health
2 144
-
3 392
-
pensions
5 622
-
8 897
-
accident
632
-
1 000
-
total
8 398
-
13 289
-
Corporate
45 813
124 500
-
-
communal
3 093
8 403
-
-
income
6 873
18 676
-
-
surtax
481
1 307
-
-
total
10 447
28 386
-
-
Dividends
35 367
96 114
-
-
income
15 372
6 947
-
-
withholding
5 305
14 417
-
-
total
20 677
21 364
-
-
Income
124 500
124 500
124 500
124 500
Total tax
59 369
49 750
53 617
58 581
After tax
65 131
74 750
70 883
65 919
Living cost
50 440
50 440
50 440
50 440
Free-cash
14 691
24 310
20 443
15 479

Estimated living cost  is ₽50440 per week

₽37837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3056
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
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.
₽9011
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
₽57463
₽36085
₽38228
₽54512
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
-
-
-
124 500
income
-
-
-
27 789
other
-
-
-
-
surtax
-
-
-
3 856
unemployment
-
-
-
211
health
-
-
-
8 794
pensions
-
-
-
24 775
total
-
-
-
65 425
Employee
31 257
-
102 849
-
other
-
-
-
-
unemployment
2 175
-
7 158
-
pensions
2 085
-
6 860
-
surtax
111
-
3 517
-
income
5 240
-
25 760
-
health
798
-
2 623
-
total
10 409
-
45 918
-
Employer
31 257
-
102 849
-
health
1 421
-
4 680
-
pensions
4 167
-
13 710
-
unemployment
992
-
3 260
-
other
-
-
-
-
total
6 580
-
21 650
-
Corporate
86 662
124 500
-
-
income
22 533
32 370
-
-
total
22 533
32 370
-
-
Dividends
64 129
92 130
-
-
withholding
9 619
13 820
-
-
total
9 619
13 820
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 141
46 190
67 568
65 425
After tax
75 359
78 310
56 932
59 075
Living cost
20 847
20 847
20 847
20 847
Free-cash
54 512
57 463
36 085
38 228

Estimated living cost  is ₽20847 per week

₽12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1812
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.
₽5966
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
₽40436
₽30302
₽36198
₽38377
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
-
-
-
124 500
social contributions
-
-
-
32 021
regional
-
-
-
1 877
municipal
-
-
-
740
national
-
-
-
28 661
total
-
-
-
63 299
Employee
51 486
-
124 500
-
municipal
273
-
661
-
national
8 157
-
24 876
-
regional
693
-
1 676
-
social contributions
17 362
-
41 982
-
total
26 485
-
69 195
-
Employer
51 486
-
124 500
-
total
-
-
-
-
Corporate
73 014
124 500
-
-
municipal
3 628
6 188
-
-
nationa
17 524
29 880
-
-
total
21 152
36 068
-
-
Dividends
51 862
88 433
-
-
withholding
13 483
22 993
-
-
total
13 483
22 993
-
-
Income
124 500
124 500
124 500
124 500
Total tax
61 120
59 061
69 195
63 299
After tax
63 380
65 439
55 305
61 201
Living cost
25 003
25 003
25 003
25 003
Free-cash
38 377
40 436
30 302
36 198

Estimated living cost  is ₽25003 per week

₽15549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6492
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
₽57245
₽34706
₽34805
₽47087
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
-
-
-
124 500
income
-
-
-
11 166
social contributions
-
-
-
33 249
solidarity contribution
-
-
-
-
health
-
-
-
16 807
total
-
-
-
61 222
Employee
41 872
-
92 910
-
solidarity contribution
-
-
-
-
social contributions
2 722
-
6 039
-
income
5 025
-
11 149
-
health
5 653
-
12 543
-
total
13 400
-
29 731
-
Employer
41 872
-
92 910
-
health
3 768
-
8 362
-
social contributions
10 468
-
23 228
-
total
14 236
-
31 590
-
Corporate
68 391
124 500
-
-
income
12 994
23 655
-
-
total
12 994
23 655
-
-
Dividends
55 397
100 845
-
-
withholding
8 310
15 127
-
-
total
8 310
15 127
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 940
38 782
61 321
61 222
After tax
75 560
85 718
63 179
63 278
Living cost
28 473
28 473
28 473
28 473
Free-cash
47 087
57 245
34 706
34 805

Estimated living cost  is ₽28473 per week

₽21174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5229
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
₽39744
₽4112
₽33449
₽39288
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
-
-
-
124 500
income
-
-
-
26 894
surtax
-
-
-
-
unemployment
-
-
-
5 693
chamber of commerce
-
-
-
498
health
-
-
-
8 294
pensions
-
-
-
20 060
total
-
-
-
61 439
Employee
40 572
36 988
96 672
-
other
405
370
967
-
unemployment
1 217
1 110
2 901
-
pensions
4 155
3 787
9 899
-
income
3 614
2 728
22 153
-
health
1 569
1 432
3 741
-
total
10 960
9 427
39 661
-
Employer
40 572
36 988
96 672
-
chamber of commerce
162
148
387
-
health
1 534
1 399
3 655
-
pensions
5 092
4 643
12 132
-
accident
527
481
1 258
-
unemployment
1 217
1 110
2 901
-
surtax
-
-
-
-
payroll
1 217
1 110
2 901
-
other
1 927
1 756
4 594
-
total
11 676
10 647
27 828
-
Corporate
72 252
76 866
93 150
-
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.

18 063
19 216
23 287
-
total
18 063
19 216
23 287
-
Dividends
54 189
57 650
-
-
withholding
14 901
15 854
-
-
total
14 901
15 854
-
-
Income
124 500
124 500
124 500
124 500
Total tax
55 600
55 144
90 776
61 439
After tax
68 900
69 356
33 724
63 061
Living cost
29 612
29 612
29 612
29 612
Free-cash
39 288
39 744
4 112
33 449

Estimated living cost  is ₽29612 per week

₽17763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8296
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
₽106441
₽87766
₽111421
₽104222
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%.

-
-
-
124 500
microenterprise

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

-
-
-
1 245
total
-
-
-
1 245
Employee
14 793
-
124 500
-
income
2 959
-
24 900
-
total
2 959
-
24 900
-
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%.

109 707
124 500
-
-
total
-
-
-
-
Dividends
109 707
124 500
-
-
withholding
5 485
6 225
-
-
total
5 485
6 225
-
-
Income
124 500
124 500
124 500
124 500
Total tax
8 444
6 225
24 900
1 245
After tax
116 056
118 275
99 600
123 255
Living cost
11 834
11 834
11 834
11 834
Free-cash
104 222
106 441
87 766
111 421

Estimated living cost  is ₽11834 per week

₽8008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽497
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽397
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.
₽2932
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
₽60823
₽34561
₽37890
₽53060
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.

-
-
-
124 500
income
-
-
-
26 541
unemployment
-
-
-
187
health
-
-
-
12 250
pensions
-
-
-
22 737
total
-
-
-
61 715
Employee

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

41 043
-
107 727
-
unemployment
58
-
151
-
pensions
6 362
-
16 698
-
income
7 078
-
24 463
-
health
2 651
-
6 959
-
total
16 149
-
48 271
-
Employer

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

41 043
-
107 727
-
health
2 734
-
7 174
-
pensions
3 632
-
9 534
-
unemployment
25
-
65
-
total
6 391
-
16 773
-
Corporate
77 066
124 500
-
-
income
14 642
23 655
-
-
total
14 642
23 655
-
-
Dividends
62 424
100 845
-
-
withholding
9 363
15 127
-
-
total
9 363
15 127
-
-
Income
124 500
124 500
124 500
124 500
Total tax
46 545
38 782
65 044
61 715
After tax
77 955
85 718
59 456
62 785
Living cost
24 895
24 895
24 895
24 895
Free-cash
53 060
60 823
34 561
37 890

Estimated living cost  is ₽24895 per week

₽17085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
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.
₽5733
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
₽35660
₽72192
₽45953
-₽14020
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
-
-
-
124 500
income
-
-
-
24 268
social contributions
-
-
-
14 193
total
-
-
-
38 461
Employee
57 477
-
-
-
social contributions
4 713
-
672
-
income
12 678
-
-
-
total
17 391
-
672
-
Employer
57 477
-
-
-
social contributions
81 043
-
11 550
-
total
81 043
-
11 550
-
Corporate
-
124 500
-
-
income
-
27 390
-
-
total
-
27 390
-
-
Dividends
-
97 110
-
-
income
-
21 364
-
-
total
-
21 364
-
-
Income
124 500
124 500
124 500
124 500
Total tax
98 434
48 754
12 222
38 461
After tax
26 066
75 746
112 278
86 039
Living cost
40 086
40 086
40 086
40 086
Free-cash
-14 020
35 660
72 192
45 953

Estimated living cost  is ₽40086 per week

₽26009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3770
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.
₽9795
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
₽41702
₽30624
₽38880
₽40769
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.

-
-
-
124 500
income
-
-
-
13 243
surtax
-
-
-
-
social contributions

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

-
-
-
43 264
total
-
-
-
56 507
Employee
42 688
-
100 605
-
surtax
-
-
-
-
social contributions
4 696
-
11 067
-
income
8 879
-
29 801
-
total
13 575
-
40 868
-
Employer
42 688
-
100 605
-
social contributions
10 138
-
23 895
-
total
10 138
-
23 895
-
Corporate
71 674
124 500
-
-
income
15 051
26 146
-
-
surtax
-
-
-
-
total
15 051
26 146
-
-
Dividends
56 623
98 354
-
-
withholding
15 854
27 539
-
-
total
15 854
27 539
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 618
53 685
64 763
56 507
After tax
69 882
70 815
59 737
67 993
Living cost
29 113
29 113
29 113
29 113
Free-cash
40 769
41 702
30 624
38 880

Estimated living cost  is ₽29113 per week

₽21783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5127
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
₽17920
₽27961
₽25962
₽24298
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
-
-
-
124 500
income
-
-
-
16 338
other
-
-
-
3 859
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
4 048
pensions
-
-
-
25 917
total
-
-
-
53 709
Employee
58 132
-
98 650
-
pensions
6 575
-
5 908
-
surtax
-
-
-
-
social contributions
1 656
-
2 811
-
income
5 072
-
17 141
-
total
13 303
-
25 860
-
Employer
58 132
-
98 650
-
health
4 069
-
8 001
-
pensions
9 552
-
10 116
-
unemployment
2 355
-
3 995
-
social contributions
174
-
296
-
other
2 006
-
3 442
-
total
18 156
-
25 850
-
Corporate
48 212
124 500
-
-
income
13 499
34 861
-
-
surtax
-
-
-
-
total
13 499
34 861
-
-
Dividends
34 713
89 639
-
-
surtax
-
-
-
-
social contributions
5 971
15 417
-
-
withholding
4 444
11 473
-
-
total
10 415
26 890
-
-
Income
124 500
124 500
124 500
124 500
Total tax
55 373
61 751
51 710
53 709
After tax
69 127
62 749
72 790
70 791
Living cost
44 829
44 829
44 829
44 829
Free-cash
24 298
17 920
27 961
25 962

Estimated living cost  is ₽44829 per week

₽30339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
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.
₽10207
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
₽84151
₽68443
₽65137
₽81032
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
-
-
-
124 500
income
-
-
-
4 074
social contributions
-
-
-
27 389
total
-
-
-
31 463
Employee
29 839
-
107 792
-
income
-
-
4 442
-
social contributions
1 939
-
7 007
-
total
1 939
-
11 449
-
Employer
29 839
-
107 792
-
social contributions
4 625
-
16 708
-
total
4 625
-
16 708
-
Corporate
90 035
124 500
-
-
income
9 004
12 449
-
-
total
9 004
12 449
-
-
Dividends
81 031
112 051
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
15 568
12 449
28 157
31 463
After tax
108 932
112 051
96 343
93 037
Living cost
27 900
27 900
27 900
27 900
Free-cash
81 032
84 151
68 443
65 137

Estimated living cost  is ₽27900 per week

₽18040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
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.
₽7232
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
-₽77529
-₽77529
₽31013
-₽77529
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
-
-
-
124 500
labour market
-
-
-
9 896
municipal
-
-
-
24 781
national
-
-
-
13 349
pensions
-
-
-
804
total
-
-
-
48 830
Employee
188 486
188 486
188 486
-
municipal
40 137
40 137
40 137
-
labour market
15 057
15 057
15 057
-
pensions
268
268
268
-
national
23 027
23 027
23 027
-
total
78 489
78 489
78 489
-
Employer
188 486
188 486
188 486
-
national
23 067
23 067
23 067
-
labour market
15 079
15 079
15 079
-
pensions
536
536
536
-
municipal
40 201
40 201
40 201
-
total
78 883
78 883
78 883
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
157 372
157 372
157 372
48 830
After tax
-32 872
-32 872
-32 872
75 670
Living cost
44 657
44 657
44 657
44 657
Free-cash
-77 529
-77 529
-77 529
31 013

Estimated living cost  is ₽44657 per week

₽30564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽687
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.
₽9456
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
-₽10283
₽45817
₽64889
₽6960
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
-
-
-
124 500
accident
-
-
-
237
income
-
-
-
32 699
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
39 243
Employee
32 041
-
109 631
-
pensions
3 608
-
7 169
-
income
4 396
-
23 724
-
health
3 669
-
12 552
-
total
11 673
-
43 445
-
Employer
32 041
-
109 631
-
pensions
5 210
-
10 353
-
accident
535
-
1 831
-
unemployment
785
-
2 686
-
total
6 530
-
14 870
-
Corporate
85 929
124 500
-
-
income

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

77 336
112 050
-
-
total
77 336
112 050
-
-
Dividends
8 593
12 450
-
-
withholding
1 633
2 365
-
-
total
1 633
2 365
-
-
Income
124 500
124 500
124 500
124 500
Total tax
97 172
114 415
58 315
39 243
After tax
27 328
10 085
66 185
85 257
Living cost
20 368
20 368
20 368
20 368
Free-cash
6 960
-10 283
45 817
64 889

Estimated living cost  is ₽20368 per week

₽14826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽382
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.
₽3999
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
₽44724
₽32153
₽49224
₽45453
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

-
-
-
124 500
health
-
-
-
1 531
municipal
-
-
-
22 135
national
-
-
-
15 975
total
-
-
-
39 641
Employee
48 832
-
104 736
-
municipal
7 998
-
17 076
-
unemployment
733
-
1 571
-
pensions
3 295
-
7 070
-
national
807
-
10 004
-
health
365
-
1 226
-
total
13 198
-
36 947
-
Employer
48 832
-
104 736
-
health
375
-
807
-
pensions
8 472
-
18 172
-
accident
49
-
104
-
unemployment
317
-
682
-
total
9 213
-
19 765
-
Corporate
66 454
124 500
-
-
income
13 291
24 900
-
-
total
13 291
24 900
-
-
Dividends

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

39 872
74 700
-
-
municipal
7 178
13 446
-
-
national
532
5 795
-
-
total
7 710
19 241
-
-
Income
124 500
124 500
124 500
124 500
Total tax
43 412
44 141
56 712
39 641
After tax
81 088
80 359
67 788
84 859
Living cost
35 634
35 634
35 634
35 634
Free-cash
45 453
44 724
32 153
49 224

Estimated living cost  is ₽35634 per week

₽23276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽69463
₽64295
₽65560
₽64411
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
-
-
-
124 500
income
-
-
-
19 260
social contributions
-
-
-
15 017
health
-
-
-
3 174
total
-
-
-
37 451
Employee
71 371
71 371
114 393
-
social contributions
2 698
5 923
7 990
-
income
7 771
6 607
18 674
-
health
553
1 214
1 945
-
total
11 022
13 744
28 609
-
Employer
71 371
71 371
114 393
-
health
601
1 321
2 117
-
social contributions
2 698
5 923
7 990
-
total
3 299
7 244
10 107
-
Corporate
88 689
45 885
-
-
income
11 086
5 735
-
-
total
11 086
5 735
-
-
Dividends
77 603
40 150
-
-
withholding
13 193
6 825
-
-
total
13 193
6 825
-
-
Income
124 500
124 500
124 500
124 500
Total tax
38 600
33 548
38 716
37 451
After tax
85 900
90 952
85 784
87 049
Living cost
21 489
21 489
21 489
21 489
Free-cash
64 411
69 463
64 295
65 560

Estimated living cost  is ₽21489 per week

₽12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2108
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.
₽6027
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
₽88362
₽69514
₽88130
₽83641
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
-
-
-
124 500
income
-
-
-
12 345
unemployment
-
-
-
26
health
-
-
-
3 359
pensions
-
-
-
5 904
total
-
-
-
21 634
Employee

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

21 304
-
115 429
-
unemployment
106
-
440
-
pensions
3 195
-
13 210
-
income
1 457
-
10 043
-
health
1 811
-
7 486
-
total
6 569
-
31 179
-
Employer

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

21 304
-
115 429
-
health
916
-
3 787
-
pensions
1 171
-
4 844
-
unemployment
106
-
440
-
total
2 193
-
9 071
-
Corporate
101 003
124 500
-
-
income
9 090
11 206
-
-
total
9 090
11 206
-
-
Dividends
91 912
113 294
-
-
withholding
8 271
10 196
-
-
total
8 271
10 196
-
-
Income
124 500
124 500
124 500
124 500
Total tax
26 123
21 402
40 250
21 634
After tax
98 377
103 098
84 250
102 866
Living cost
14 736
14 736
14 736
14 736
Free-cash
83 641
88 362
69 514
88 130

Estimated living cost  is ₽14736 per week

₽9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
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.
₽3833
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
₽57934
₽39764
₽44224
₽53422
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
-
-
-
124 500
accident
-
-
-
775
income
-
-
-
28 945
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
54 753
Employee
34 319
-
97 074
-
other
33
-
86
-
unemployment
532
-
1 333
-
pensions
1 613
-
4 044
-
income
6 617
-
26 324
-
total
8 795
-
31 787
-
Employer
34 319
-
97 074
-
pensions
8 099
-
20 303
-
accident
680
-
1 703
-
unemployment
1 888
-
4 731
-
other
275
-
689
-
total
10 942
-
27 426
-
Corporate
79 239
124 500
-
-
income

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

11 886
18 676
-
-
total
11 886
18 676
-
-
Dividends
67 353
105 824
-
-
withholding
13 932
22 367
-
-
total
13 932
22 367
-
-
Income
124 500
124 500
124 500
124 500
Total tax
45 555
41 043
59 213
54 753
After tax
78 945
83 457
65 287
69 747
Living cost
25 523
25 523
25 523
25 523
Free-cash
53 422
57 934
39 764
44 224

Estimated living cost  is ₽25523 per week

₽17228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
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.
₽5395
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
₽75878
₽77924
₽78052
₽75581
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
-
-
-
124 500
income
-
-
-
42 361
health
-
-
-
957
pensions
-
-
-
1 320
total
-
-
-
44 638
Employee
2 757
-
123 015
-
unemployment
28
-
66
-
pensions
248
-
594
-
income
533
-
42 291
-
health
138
-
330
-
total
947
-
43 281
-
Employer
2 757
-
123 015
-
health
262
-
627
-
pensions
303
-
726
-
unemployment
55
-
132
-
total
620
-
1 485
-
Corporate
121 123
124 500
-
-
income
26 647
27 390
-
-
total
26 647
27 390
-
-
Dividends
94 476
97 110
-
-
withholding
18 895
19 422
-
-
total
18 895
19 422
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 109
46 812
44 766
44 638
After tax
77 391
77 688
79 734
79 862
Living cost
1 810
1 810
1 810
1 810
Free-cash
75 581
75 878
77 924
78 052

Estimated living cost  is ₽1810 per week

₽1076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
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.
₽546
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
₽73894
₽55257
₽55258
₽69324
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.

-
-
-
124 500
income
-
-
-
27 247
unemployment
-
-
-
1 029
health
-
-
-
7 068
pensions
-
-
-
17 841
total
-
-
-
53 185
Employee

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

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

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

24 213
-
112 217
-
unemployment
182
-
515
-
pensions
3 390
-
9 607
-
income
3 338
-
27 247
-
health
1 247
-
3 534
-
total
8 157
-
40 903
-
Employer

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

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

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

24 213
-
112 217
-
health
1 247
-
3 534
-
pensions
2 906
-
8 234
-
unemployment
182
-
515
-
total
4 335
-
12 283
-
Corporate
95 953
124 500
-
-
income
14 393
18 675
-
-
total
14 393
18 675
-
-
Dividends
81 560
105 825
-
-
withholding
12 234
15 874
-
-
total
12 234
15 874
-
-
Income
124 500
124 500
124 500
124 500
Total tax
39 119
34 549
53 186
53 185
After tax
85 381
89 951
71 314
71 315
Living cost
16 057
16 057
16 057
16 057
Free-cash
69 324
73 894
55 257
55 258

Estimated living cost  is ₽16057 per week

₽10811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
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.
₽3539
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
₽45793
₽34715
₽42971
₽45458
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.

-
-
-
124 500
income
-
-
-
13 243
surtax
-
-
-
-
social contributions

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

-
-
-
43 264
total
-
-
-
56 507
Employee
36 024
-
100 605
-
surtax
-
-
-
-
social contributions
3 963
-
11 067
-
income
7 039
-
29 801
-
total
11 002
-
40 868
-
Employer
36 024
-
100 605
-
social contributions
8 555
-
23 895
-
total
8 555
-
23 895
-
Corporate
79 921
124 500
-
-
income
16 784
26 146
-
-
surtax
-
-
-
-
total
16 784
26 146
-
-
Dividends
63 137
98 354
-
-
withholding
17 679
27 539
-
-
total
17 679
27 539
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 020
53 685
64 763
56 507
After tax
70 480
70 815
59 737
67 993
Living cost
25 022
25 022
25 022
25 022
Free-cash
45 458
45 793
34 715
42 971

Estimated living cost  is ₽25022 per week

₽17723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
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.
₽5118
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
₽50837
₽32667
₽37127
₽44115
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
-
-
-
124 500
accident
-
-
-
775
income
-
-
-
28 945
other
-
-
-
86
unemployment
-
-
-
602
pensions
-
-
-
24 345
total
-
-
-
54 753
Employee
44 826
-
97 074
-
other
44
-
86
-
unemployment
694
-
1 333
-
pensions
2 107
-
4 044
-
income
9 362
-
26 324
-
total
12 207
-
31 787
-
Employer
44 826
-
97 074
-
pensions
10 579
-
20 303
-
accident
888
-
1 703
-
unemployment
2 466
-
4 731
-
other
359
-
689
-
total
14 292
-
27 426
-
Corporate
65 383
124 500
-
-
income

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

9 807
18 676
-
-
total
9 807
18 676
-
-
Dividends
55 575
105 824
-
-
withholding
11 459
22 367
-
-
total
11 459
22 367
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 765
41 043
59 213
54 753
After tax
76 735
83 457
65 287
69 747
Living cost
32 620
32 620
32 620
32 620
Free-cash
44 115
50 837
32 667
37 127

Estimated living cost  is ₽32620 per week

₽23426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2536
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.
₽6198
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
₽90480
₽85662
₽81201
₽84824
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
-
-
-
124 500
income
-
-
-
18 675
unemployment
-
-
-
130
health
-
-
-
3 729
pensions

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

-
-
-
4 798
total
-
-
-
27 332
Employee
21 143
-
118 139
-
accident

We are using the highest rate at 1.1%.

232
-
357
-
pensions

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

1 856
-
2 847
-
income
2 115
-
11 814
-
health
973
-
1 491
-
total
5 176
-
16 509
-
Employer
21 143
-
118 139
-
health
1 459
-
2 237
-
pensions

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

2 330
-
3 573
-
accident

We are using the highest rate at 1.1%.

232
-
357
-
unemployment
127
-
195
-
total
4 148
-
6 362
-
Corporate
99 209
124 500
-
-
income
9 921
12 450
-
-
total
9 921
12 450
-
-
Dividends
89 288
112 050
-
-
withholding
4 464
5 603
-
-
total
4 464
5 603
-
-
Income
124 500
124 500
124 500
124 500
Total tax
23 709
18 053
22 871
27 332
After tax
100 791
106 447
101 629
97 168
Living cost
15 967
15 967
15 967
15 967
Free-cash
84 824
90 480
85 662
81 201

Estimated living cost  is ₽15967 per week

₽10561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4112
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
₽28303
₽46286
₽34614
₽40447
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.

-
-
-
124 500
income

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

-
-
-
34 160
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.

-
-
-
1 879
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.

-
-
-
6 341
trade
-
-
-
11 672
total
-
-
-
54 052
Employee

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

46 182
-
124 500
-
surtax

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

210
-
1 879
-
income

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

3 797
-
34 160
-
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.

6 341
-
6 341
-
total
10 348
-
42 380
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 318
124 500
-
-
income
11 748
18 676
-
-
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.

646
1 027
-
-
chamber of commerce
255
324
-
-
trade
11 239
17 865
-
-
total
23 888
37 892
-
-
Dividends
54 429
86 608
-
-
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.

729
1 171
-
-
withholding
13 254
21 300
-
-
total
13 983
22 471
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 219
60 363
42 380
54 052
After tax
76 281
64 137
82 120
70 448
Living cost
35 834
35 834
35 834
35 834
Free-cash
40 447
28 303
46 286
34 614

Estimated living cost  is ₽35834 per week

₽24719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6739
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
₽34277
₽17301
₽17301
₽36327
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
-
-
-
124 500
income
-
-
-
34 459
social contributions
-
-
-
19 868
total
-
-
-
54 327
Employee
72 603
-
124 500
-
income
13 700
-
34 459
-
social contributions
6 032
-
19 868
-
total
19 732
-
54 327
-
Employer
72 603
-
124 500
-
total
-
-
-
-
Corporate
51 897
124 500
-
-
income
6 487
15 563
-
-
total
6 487
15 563
-
-
Dividends
45 410
108 937
-
-
withholding
9 082
21 788
-
-
total
9 082
21 788
-
-
Income
124 500
124 500
124 500
124 500
Total tax
35 301
37 351
54 327
54 327
After tax
89 199
87 149
70 173
70 173
Living cost
52 872
52 872
52 872
52 872
Free-cash
36 327
34 277
17 301
17 301

Estimated living cost  is ₽52872 per week

₽40224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
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.
₽7835
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
₽42330
₽57207
₽58699
₽45573
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.

-
-
-
124 500
income
-
-
-
26 420
health

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

-
-
-
5 689
total
-
-
-
32 109
Employee
42 578
-
120 230
-
income
4 620
-
25 061
-
social contributions
4 266
-
4 270
-
total
8 886
-
29 331
-
Employer
42 578
-
120 230
-
social contributions
4 266
-
4 270
-
total
4 266
-
4 270
-
Corporate
77 656
124 500
-
-
income
27 179
43 574
-
-
total
27 179
43 574
-
-
Dividends
50 476
80 926
-
-
social contributions
4 904
4 904
-
-
total
4 904
4 904
-
-
Income
124 500
124 500
124 500
124 500
Total tax
45 235
48 478
33 601
32 109
After tax
79 265
76 022
90 899
92 391
Living cost
33 692
33 692
33 692
33 692
Free-cash
45 573
42 330
57 207
58 699

Estimated living cost  is ₽33692 per week

₽22193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8326
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
₽51365
₽39721
₽51198
₽53902
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
-
-
-
124 500
income
-
-
-
31 586
pensions
-
-
-
7 529
total
-
-
-
39 115
Employee
46 927
-
109 105
-
pensions
3 582
-
9 535
-
income
8 546
-
23 935
-
health
612
-
1 727
-
total
12 740
-
35 197
-
Employer
46 927
-
109 105
-
health
892
-
2 074
-
pensions
4 741
-
13 321
-
total
5 633
-
15 395
-
Corporate
71 940
124 500
-
-
income

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

13 668
23 655
-
-
total
13 668
23 655
-
-
Dividends
58 272
100 845
-
-
withholding
4 370
15 293
-
-
total
4 370
15 293
-
-
Income
124 500
124 500
124 500
124 500
Total tax
36 411
38 948
50 592
39 115
After tax
88 089
85 552
73 908
85 385
Living cost
34 187
34 187
34 187
34 187
Free-cash
53 902
51 365
39 721
51 198

Estimated living cost  is ₽34187 per week

₽23452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7161
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
-₽12300
₽43800
₽62872
₽6650
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
-
-
-
124 500
accident
-
-
-
237
income
-
-
-
32 699
other
-
-
-
348
health
-
-
-
2 049
pensions
-
-
-
3 910
total
-
-
-
39 243
Employee
35 212
-
109 631
-
pensions
3 965
-
7 169
-
income
4 831
-
23 724
-
health
4 032
-
12 552
-
total
12 828
-
43 445
-
Employer
35 212
-
109 631
-
pensions
5 725
-
10 353
-
accident
588
-
1 831
-
unemployment
863
-
2 686
-
total
7 176
-
14 870
-
Corporate
82 112
124 500
-
-
income

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

73 901
112 050
-
-
total
73 901
112 050
-
-
Dividends
8 211
12 450
-
-
withholding
1 560
2 365
-
-
total
1 560
2 365
-
-
Income
124 500
124 500
124 500
124 500
Total tax
95 465
114 415
58 315
39 243
After tax
29 035
10 085
66 185
85 257
Living cost
22 385
22 385
22 385
22 385
Free-cash
6 650
-12 300
43 800
62 872

Estimated living cost  is ₽22385 per week

₽16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1304
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
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.
₽4201
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
₽92243
₽71648
₽57798
₽87904
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.

-
-
-
124 500
income
-
-
-
19 940
unemployment
-
-
-
1 494
work injury
-
-
-
623
health insurance
-
-
-
9 213
pensions
-
-
-
22 908
total
-
-
-
54 178
Employee

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

20 038
-
124 500
-
health insurance
1 483
-
5 486
-
unemployment
240
-
890
-
work injury
100
-
371
-
pensions
3 687
-
13 641
-
income
2 004
-
19 940
-
total
7 514
-
40 328
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
104 462
124 500
-
-
income

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

1 045
1 245
-
-
total
1 045
1 245
-
-
Dividends
103 417
123 255
-
-
withholding
15 513
18 488
-
-
total
15 513
18 488
-
-
Income
124 500
124 500
124 500
124 500
Total tax
24 072
19 733
40 328
54 178
After tax
100 428
104 767
84 172
70 322
Living cost
12 524
12 524
12 524
12 524
Free-cash
87 904
92 243
71 648
57 798

Estimated living cost  is ₽12524 per week

₽7759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
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.
₽3464
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
₽28603
₽17536
₽23231
₽24380
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
-
-
-
124 500
social contributions
-
-
-
32 021
regional
-
-
-
2 778
municipal
-
-
-
833
national
-
-
-
28 661
total
-
-
-
64 293
Employee
78 212
-
124 500
-
municipal
467
-
743
-
national
13 217
-
24 876
-
regional
1 181
-
2 387
-
social contributions
26 373
-
41 982
-
total
41 238
-
69 988
-
Employer
78 212
-
124 500
-
total
-
-
-
-
Corporate
46 288
124 500
-
-
municipal
2 232
6 001
-
-
nationa
11 109
29 880
-
-
total
13 341
35 881
-
-
Dividends
32 947
88 619
-
-
withholding
8 565
23 040
-
-
total
8 565
23 040
-
-
Income
124 500
124 500
124 500
124 500
Total tax
63 144
58 921
69 988
64 293
After tax
61 356
65 579
54 512
60 207
Living cost
36 976
36 976
36 976
36 976
Free-cash
24 380
28 603
17 536
23 231

Estimated living cost  is ₽36976 per week

₽25973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7900
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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