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
₽34442
₽53840
₽41102
₽44819
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.

-
-
-
33 962
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.

-
-
-
1 868
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.

-
-
-
6 410
trade
-
-
-
12 738
total
-
-
-
54 978
Employee

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

35 888
-
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
-
1 868
-
income

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

1 002
-
33 962
-
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.

6 410
-
6 410
-
total
7 467
-
42 240
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
88 612
124 500
-
-
income
13 292
18 675
-
-
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.

732
1 027
-
-
chamber of commerce
271
321
-
-
trade
13 956
19 608
-
-
total
28 251
39 631
-
-
Dividends
60 360
84 869
-
-
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.

810
1 147
-
-
withholding
14 733
20 860
-
-
total
15 543
22 007
-
-
Income
124 500
124 500
124 500
124 500
Total tax
51 261
61 638
42 240
54 978
After tax
73 239
62 862
82 260
69 522
Living cost
28 420
28 420
28 420
28 420
Free-cash
44 819
34 442
53 840
41 102

Estimated living cost  is ₽28420 per week

₽17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3314
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
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.
₽6699
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
₽27732
₽25356
₽24379
₽26902
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
-
-
-
13 291
national
-
-
-
20 596
pensions
-
-
-
14 940
total
-
-
-
50 165
Employee
77 442
-
107 629
-
municipal
9 565
-
13 773
-
pensions
3 098
-
4 305
-
national
14 822
-
21 343
-
total
27 485
-
39 421
-
Employer
77 442
-
107 629
-
pensions
6 195
-
8 610
-
social contributions
832
-
1 157
-
total
7 027
-
9 767
-
Corporate
34 919
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%.

6 984
24 900
-
-
total
6 984
24 900
-
-
Dividends
27 936
99 600
-
-
withholding
6 146
21 912
-
-
total
6 146
21 912
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 642
46 812
49 188
50 165
After tax
76 858
77 688
75 312
74 335
Living cost
49 956
49 956
49 956
49 956
Free-cash
26 902
27 732
25 356
24 379

Estimated living cost  is ₽49956 per week

₽33955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
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.
₽10610
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
₽80079
₽50304
₽17982
₽72382
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
-
-
-
19 298
surtax
-
-
-
31 748
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.

-
-
-
35 951
microenterprise
-
-
-
-
total
-
-
-
86 997
Employee
27 418
-
100 330
-
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.

3 016
-
11 036
-
income
4 881
-
19 469
-
total
7 897
-
30 505
-
Employer
27 418
-
100 330
-
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.

6 604
-
24 170
-
surtax
-
-
-
-
total
6 604
-
24 170
-
Corporate
90 478
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%.

18 096
24 900
-
-
total
18 096
24 900
-
-
Dividends

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

72 382
99 600
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
32 597
24 900
54 675
86 997
After tax
91 903
99 600
69 825
37 503
Living cost
19 521
19 521
19 521
19 521
Free-cash
72 382
80 079
50 304
17 982

Estimated living cost  is ₽19521 per week

₽12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
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.
₽4765
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
₽21724
₽32077
₽32266
₽15974
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
-
-
-
30 364
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
52 927
Employee
80 127
80 127
107 062
-
pensions
14 423
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
12 299
10 461
11 570
-
total
39 838
34 570
35 679
-
Employer
80 127
80 127
107 062
-
health
5 570
5 570
6 921
-
pensions
5 577
5 577
6 932
-
unemployment
2 885
2 885
3 584
-
total
14 032
14 032
17 437
-
Corporate
31 324
30 341
-
-
income
6 264
6 068
-
-
total
6 264
6 068
-
-
Dividends
25 060
24 273
-
-
income
5 326
5 158
-
-
withholding
3 759
3 641
-
-
total
9 085
8 799
-
-
Income
124 500
124 500
124 500
124 500
Total tax
69 219
63 469
53 116
52 927
After tax
55 281
61 031
71 384
71 573
Living cost
39 307
39 307
39 307
39 307
Free-cash
15 974
21 724
32 077
32 266

Estimated living cost  is ₽39307 per week

₽27856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
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.
₽7283
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
₽30493
₽27551
₽28561
₽29651
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
-
-
-
164
other
-
-
-
9 546
unemployment
-
-
-
82
health
-
-
-
5 126
municipal
-
-
-
30 029
national
-
-
-
4 627
pensions
-
-
-
8 881
total
-
-
-
58 455
Employee
53 411
-
98 688
-
municipal
15 927
-
29 429
-
national
-
-
4 224
-
total
15 927
-
33 653
-
Employer
53 411
-
98 688
-
health
3 285
-
5 052
-
pensions
5 774
-
8 881
-
accident
107
-
164
-
unemployment
1 410
-
2 169
-
other
6 206
-
9 546
-
total
16 782
-
25 812
-
Corporate
54 307
124 500
-
-
income
11 948
27 390
-
-
total
11 948
27 390
-
-
Dividends
42 359
97 110
-
-
withholding
12 708
29 133
-
-
total
12 708
29 133
-
-
Income
124 500
124 500
124 500
124 500
Total tax
57 365
56 523
59 465
58 455
After tax
67 135
67 977
65 035
66 045
Living cost
37 484
37 484
37 484
37 484
Free-cash
29 651
30 493
27 551
28 561

Estimated living cost  is ₽37484 per week

₽24843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
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.
₽8394
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
₽25359
₽45400
₽32095
₽38546
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.

-
-
-
33 962
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.

-
-
-
1 868
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.

-
-
-
6 410
trade
-
-
-
13 305
total
-
-
-
55 545
Employee

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

47 583
-
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.

224
-
1 868
-
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.

4 088
-
33 962
-
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.

6 410
-
6 410
-
total
10 722
-
42 240
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
76 917
124 500
-
-
income
11 538
18 675
-
-
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.

634
1 027
-
-
chamber of commerce
251
319
-
-
trade
12 653
20 481
-
-
total
25 076
40 502
-
-
Dividends
51 840
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.

693
1 136
-
-
withholding
12 603
20 643
-
-
total
13 296
21 779
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 094
62 281
42 240
55 545
After tax
75 406
62 219
82 260
68 955
Living cost
36 860
36 860
36 860
36 860
Free-cash
38 546
25 359
45 400
32 095

Estimated living cost  is ₽36860 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
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.
₽7771
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
₽60523
₽55369
₽56670
₽56632
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
-
-
-
19 040
social contributions
-
-
-
15 181
health
-
-
-
3 175
total
-
-
-
37 396
Employee
72 151
72 151
114 308
-
social contributions
3 506
5 988
8 077
-
income
7 576
6 679
18 485
-
health
718
1 227
1 943
-
total
11 800
13 894
28 505
-
Employer
72 151
72 151
114 308
-
health
782
1 335
2 115
-
social contributions
3 506
5 988
8 077
-
total
4 288
7 323
10 192
-
Corporate
77 978
45 025
-
-
income
9 747
5 629
-
-
total
9 747
5 629
-
-
Dividends
68 231
39 397
-
-
withholding
11 599
6 697
-
-
total
11 599
6 697
-
-
Income
124 500
124 500
124 500
124 500
Total tax
37 434
33 543
38 697
37 396
After tax
87 066
90 957
85 803
87 104
Living cost
30 434
30 434
30 434
30 434
Free-cash
56 632
60 523
55 369
56 670

Estimated living cost  is ₽30434 per week

₽20805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2377
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.
₽6741
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
₽53202
₽55356
₽69430
₽53552
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.

24 275
9 661
104 184
-
unemployment
364
145
1 563
-
pensions
2 428
966
10 418
-
income
2 968
1 181
12 737
-
health
1 699
676
7 293
-
total
7 459
2 968
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.

24 275
9 661
104 184
-
pensions
4 734
1 884
20 316
-
total
4 734
1 884
20 316
-
Corporate
95 491
112 955
-
-
income
8 594
10 166
-
-
total
8 594
10 166
-
-
Dividends
86 897
102 789
-
-
social contributions
16 834
19 933
-
-
withholding
16 510
19 530
-
-
total
33 344
39 463
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 131
54 481
52 327
38 253
After tax
70 369
70 019
72 173
86 247
Living cost
16 817
16 817
16 817
16 817
Free-cash
53 552
53 202
55 356
69 430

Estimated living cost  is ₽16817 per week

₽11476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
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.
₽3629
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
₽76936
₽49097
₽44067
₽71105
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
-
-
-
16 683
health
-
-
-
16 186
pensions
-
-
-
24 900
total
-
-
-
57 769
Employee
26 618
-
93 049
-
unemployment
426
-
1 489
-
pensions
532
-
1 861
-
income
2 997
-
17 940
-
total
3 955
-
21 290
-
Employer
26 618
-
93 049
-
health
3 460
-
12 096
-
pensions
5 324
-
18 609
-
unemployment
214
-
744
-
total
8 998
-
31 449
-
Corporate
88 884
124 500
-
-
income
17 778
24 900
-
-
total
17 778
24 900
-
-
Dividends
71 107
99 600
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
30 731
24 900
52 739
57 769
After tax
93 769
99 600
71 761
66 731
Living cost
22 664
22 664
22 664
22 664
Free-cash
71 105
76 936
49 097
44 067

Estimated living cost  is ₽22664 per week

₽15545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
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.
₽5313
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
-₽10864
₽45159
₽64316
₽6872
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
-
-
-
240
income
-
-
-
32 604
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
39 236
Employee
32 952
-
109 498
-
pensions
3 710
-
7 264
-
income
4 521
-
23 589
-
health
3 773
-
12 538
-
total
12 004
-
43 391
-
Employer
32 952
-
109 498
-
pensions
5 358
-
10 490
-
accident
550
-
1 829
-
unemployment
807
-
2 683
-
total
6 715
-
15 002
-
Corporate
84 832
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.

76 349
112 050
-
-
total
76 349
112 050
-
-
Dividends
8 483
12 450
-
-
withholding
1 612
2 366
-
-
total
1 612
2 366
-
-
Income
124 500
124 500
124 500
124 500
Total tax
96 680
114 416
58 393
39 236
After tax
27 820
10 084
66 107
85 264
Living cost
20 948
20 948
20 948
20 948
Free-cash
6 872
-10 864
45 159
64 316

Estimated living cost  is ₽20948 per week

₽15353
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.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3997
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
₽110714
₽92039
₽115694
₽109297
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
9 450
-
124 500
-
income
1 890
-
24 900
-
total
1 890
-
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%.

115 050
124 500
-
-
total
-
-
-
-
Dividends
115 050
124 500
-
-
withholding
5 752
6 225
-
-
total
5 752
6 225
-
-
Income
124 500
124 500
124 500
124 500
Total tax
7 642
6 225
24 900
1 245
After tax
116 858
118 275
99 600
123 255
Living cost
7 561
7 561
7 561
7 561
Free-cash
109 297
110 714
92 039
115 694

Estimated living cost  is ₽7561 per week

₽4685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
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.
₽2039
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
₽66467
₽46542
₽41390
₽60133
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
-
-
-
16 838
other
-
-
-
5 913
health
-
-
-
5 477
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
-
-
-
58 108
Employee
34 069
-
99 440
-
unemployment
340
-
994
-
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.

2 384
-
6 960
-
income
5 865
-
18 552
-
health
477
-
1 392
-
total
9 066
-
27 898
-
Employer
34 069
-
99 440
-
health
477
-
1 392
-
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.

5 792
-
16 903
-
accident
272
-
796
-
unemployment
340
-
994
-
other
1 704
-
4 973
-
total
8 585
-
25 058
-
Corporate
81 845
124 500
-
-
income
17 188
26 145
-
-
total
17 188
26 145
-
-
Dividends
64 657
98 355
-
-
withholding
4 526
6 886
-
-
total
4 526
6 886
-
-
Income
124 500
124 500
124 500
124 500
Total tax
39 365
33 031
52 956
58 108
After tax
85 135
91 469
71 544
66 392
Living cost
25 002
25 002
25 002
25 002
Free-cash
60 133
66 467
46 542
41 390

Estimated living cost  is ₽25002 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
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.
₽5246
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
₽23189
₽11431
₽22923
₽17723
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
-
-
-
31 269
pensions
-
-
-
7 622
total
-
-
-
38 891
Employee
88 691
-
109 132
-
pensions
8 556
-
9 671
-
income
15 987
-
23 607
-
health
1 461
-
1 741
-
total
26 004
-
35 019
-
Employer
88 691
-
109 132
-
health
1 684
-
2 072
-
pensions
10 472
-
13 292
-
total
12 156
-
15 364
-
Corporate
23 653
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.

4 494
23 654
-
-
total
4 494
23 654
-
-
Dividends
19 159
100 846
-
-
withholding
1 437
14 971
-
-
total
1 437
14 971
-
-
Income
124 500
124 500
124 500
124 500
Total tax
44 091
38 625
50 383
38 891
After tax
80 409
85 875
74 117
85 609
Living cost
62 686
62 686
62 686
62 686
Free-cash
17 723
23 189
11 431
22 923

Estimated living cost  is ₽62686 per week

₽46972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
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.
₽7840
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
₽94149
₽89221
₽84777
₽89792
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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
27 424
Employee
16 286
-
118 071
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 877
-
income
1 628
-
11 807
-
health
749
-
1 507
-
total
3 986
-
16 551
-
Employer
16 286
-
118 071
-
health
1 124
-
2 261
-
pensions

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

1 795
-
3 611
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
unemployment
97
-
197
-
total
3 195
-
6 429
-
Corporate
105 018
124 500
-
-
income
10 502
12 450
-
-
total
10 502
12 450
-
-
Dividends
94 516
112 050
-
-
withholding
4 726
5 602
-
-
total
4 726
5 602
-
-
Income
124 500
124 500
124 500
124 500
Total tax
22 409
18 052
22 980
27 424
After tax
102 091
106 448
101 520
97 076
Living cost
12 299
12 299
12 299
12 299
Free-cash
89 792
94 149
89 221
84 777

Estimated living cost  is ₽12299 per week

₽7181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
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.
₽3915
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
₽9001
₽19354
₽19543
₽11362
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
-
-
-
30 364
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
52 927
Employee
86 993
80 127
107 062
-
pensions
10 993
10 993
10 993
-
income

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

13 116
13 116
13 116
-
health
10 853
10 461
11 570
-
total
34 962
34 570
35 679
-
Employer
86 993
80 127
107 062
-
health
6 045
5 570
6 921
-
pensions
6 054
5 577
6 932
-
unemployment
3 132
2 885
3 584
-
total
15 231
14 032
17 437
-
Corporate
22 276
30 341
-
-
income
4 455
6 068
-
-
total
4 455
6 068
-
-
Dividends
17 821
24 273
-
-
income
3 787
5 158
-
-
withholding
2 673
3 641
-
-
total
6 460
8 799
-
-
Income
124 500
124 500
124 500
124 500
Total tax
61 108
63 469
53 116
52 927
After tax
63 392
61 031
71 384
71 573
Living cost
52 030
52 030
52 030
52 030
Free-cash
11 362
9 001
19 354
19 543

Estimated living cost  is ₽52030 per week

₽38381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
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.
₽8406
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
₽62707
₽40168
₽40384
₽54498
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
-
-
-
11 187
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
16 807
total
-
-
-
61 105
Employee
33 839
-
92 910
-
solidarity contribution
-
-
-
-
social contributions
2 200
-
6 039
-
income
4 061
-
11 149
-
health
4 568
-
12 543
-
total
10 829
-
29 731
-
Employer
33 839
-
92 910
-
health
3 045
-
8 362
-
social contributions
8 460
-
23 228
-
total
11 505
-
31 590
-
Corporate
79 156
124 500
-
-
income
15 040
23 655
-
-
total
15 040
23 655
-
-
Dividends
64 116
100 845
-
-
withholding
9 617
15 127
-
-
total
9 617
15 127
-
-
Income
124 500
124 500
124 500
124 500
Total tax
46 991
38 782
61 321
61 105
After tax
77 509
85 718
63 179
63 395
Living cost
23 011
23 011
23 011
23 011
Free-cash
54 498
62 707
40 168
40 384

Estimated living cost  is ₽23011 per week

₽15983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
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.
₽4938
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
₽26833
₽16206
₽22130
₽21934
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
-
-
-
739
national
-
-
-
28 589
total
-
-
-
62 777
Employee
83 391
-
124 500
-
municipal
442
-
661
-
national
14 450
-
24 804
-
regional
787
-
1 255
-
social contributions
28 119
-
41 981
-
total
43 798
-
68 701
-
Employer
83 391
-
124 500
-
total
-
-
-
-
Corporate
41 109
124 500
-
-
municipal
1 603
4 856
-
-
nationa
9 866
29 880
-
-
total
11 469
34 736
-
-
Dividends
29 640
89 764
-
-
withholding
7 706
23 338
-
-
total
7 706
23 338
-
-
Income
124 500
124 500
124 500
124 500
Total tax
62 973
58 074
68 701
62 777
After tax
61 527
66 426
55 799
61 723
Living cost
39 593
39 593
39 593
39 593
Free-cash
21 934
26 833
16 206
22 130

Estimated living cost  is ₽39593 per week

₽27599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
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.
₽8789
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
₽57606
₽36400
₽38462
₽54685
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
-
-
-
27 569
other
-
-
-
-
surtax
-
-
-
3 811
unemployment
-
-
-
214
health
-
-
-
8 839
pensions
-
-
-
24 900
total
-
-
-
65 333
Employee
31 029
-
102 850
-
other
-
-
-
-
unemployment
2 160
-
7 158
-
pensions
2 069
-
6 861
-
surtax
101
-
3 485
-
income
5 201
-
25 618
-
health
792
-
2 623
-
total
10 323
-
45 745
-
Employer
31 029
-
102 850
-
health
1 412
-
4 679
-
pensions
4 136
-
13 711
-
unemployment
983
-
3 260
-
other
-
-
-
-
total
6 531
-
21 650
-
Corporate
86 940
124 500
-
-
income
22 605
32 370
-
-
total
22 605
32 370
-
-
Dividends
64 335
92 130
-
-
withholding
9 651
13 819
-
-
total
9 651
13 819
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 110
46 189
67 395
65 333
After tax
75 390
78 311
57 105
59 167
Living cost
20 705
20 705
20 705
20 705
Free-cash
54 685
57 606
36 400
38 462

Estimated living cost  is ₽20705 per week

₽12660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
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.
₽5657
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
₽43050
₽31292
₽42784
₽43082
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
-
-
-
31 269
pensions
-
-
-
7 622
total
-
-
-
38 891
Employee
59 438
-
109 132
-
pensions
5 045
-
9 671
-
income
10 705
-
23 607
-
health
863
-
1 741
-
total
16 613
-
35 019
-
Employer
59 438
-
109 132
-
health
1 129
-
2 072
-
pensions
6 434
-
13 292
-
total
7 563
-
15 364
-
Corporate
57 498
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.

10 924
23 654
-
-
total
10 924
23 654
-
-
Dividends
46 574
100 846
-
-
withholding
3 493
14 971
-
-
total
3 493
14 971
-
-
Income
124 500
124 500
124 500
124 500
Total tax
38 593
38 625
50 383
38 891
After tax
85 907
85 875
74 117
85 609
Living cost
42 825
42 825
42 825
42 825
Free-cash
43 082
43 050
31 292
42 784

Estimated living cost  is ₽42825 per week

₽32084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3210
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
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.
₽7082
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
-₽17154
₽22418
₽28546
₽14545
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.

-
-
-
2 491
regional
-
-
-
5 065
health
-
-
-
280
city
-
-
-
1 313
national
-
-
-
1 264
pensions
-
-
-
11 455
total
-
-
-
21 868
Employee
86 700
-
111 433
-
unemployment
-
-
-
-
pensions
7 284
-
9 362
-
national
410
-
991
-
regional
2 839
-
4 354
-
city
930
-
1 197
-
health
196
-
251
-
total
11 659
-
16 155
-
Employer
86 700
-
111 433
-
health
196
-
251
-
pensions
7 284
-
9 362
-
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.

1 733
-
2 228
-
total
9 213
-
11 841
-
Corporate
27 634
124 500
-
-
regional
5 845
26 331
-
-
national
2 348
10 583
-
-
total
8 193
36 914
-
-
Dividends
19 440
87 586
-
-
withholding
6 804
30 654
-
-
total
6 804
30 654
-
-
Income
124 500
124 500
124 500
124 500
Total tax
35 869
67 568
27 996
21 868
After tax
88 631
56 932
96 504
102 632
Living cost
74 086
74 086
74 086
74 086
Free-cash
14 545
-17 154
22 418
28 546

Estimated living cost  is ₽74086 per week

₽48177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽910
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.
₽18351
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
₽18597
₽39276
₽25405
₽33810
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.

-
-
-
33 962
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.

-
-
-
1 868
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.

-
-
-
6 410
trade
-
-
-
13 871
total
-
-
-
56 111
Employee

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

56 390
-
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.

365
-
1 868
-
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.

6 631
-
33 962
-
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.

6 410
-
6 410
-
total
13 406
-
42 240
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 110
124 500
-
-
income
10 217
18 675
-
-
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.

563
1 027
-
-
chamber of commerce
239
317
-
-
trade
11 681
21 351
-
-
total
22 700
41 370
-
-
Dividends
45 410
83 129
-
-
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.

605
1 124
-
-
withholding
10 995
20 425
-
-
total
11 600
21 549
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 706
62 919
42 240
56 111
After tax
76 794
61 581
82 260
68 389
Living cost
42 984
42 984
42 984
42 984
Free-cash
33 810
18 597
39 276
25 405

Estimated living cost  is ₽42984 per week

₽31394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7594
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
₽30644
₽40889
₽38718
₽36187
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
-
-
-
16 196
other
-
-
-
3 860
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
3 990
pensions
-
-
-
26 086
total
-
-
-
53 679
Employee
40 158
-
98 749
-
pensions
4 541
-
5 872
-
surtax
-
-
-
-
social contributions
1 145
-
2 813
-
income
2 370
-
17 072
-
total
8 056
-
25 757
-
Employer
40 158
-
98 749
-
health
2 812
-
7 962
-
pensions
6 597
-
10 066
-
unemployment
1 626
-
3 999
-
social contributions
121
-
296
-
other
1 385
-
3 428
-
total
12 541
-
25 751
-
Corporate
71 801
124 500
-
-
income
20 105
34 861
-
-
surtax
-
-
-
-
total
20 105
34 861
-
-
Dividends
51 696
89 639
-
-
surtax
-
-
-
-
social contributions
8 891
15 418
-
-
withholding
6 617
11 474
-
-
total
15 508
26 892
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 210
61 753
51 508
53 679
After tax
68 290
62 747
72 992
70 821
Living cost
32 103
32 103
32 103
32 103
Free-cash
36 187
30 644
40 889
38 718

Estimated living cost  is ₽32103 per week

₽20242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8705
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
₽33825
₽44070
₽41899
₽39039
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
-
-
-
16 196
other
-
-
-
3 860
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
3 990
pensions
-
-
-
26 086
total
-
-
-
53 679
Employee
35 847
-
98 749
-
pensions
4 054
-
5 872
-
surtax
-
-
-
-
social contributions
1 022
-
2 813
-
income
1 848
-
17 072
-
total
6 924
-
25 757
-
Employer
35 847
-
98 749
-
health
2 509
-
7 962
-
pensions
5 890
-
10 066
-
unemployment
1 451
-
3 999
-
social contributions
107
-
296
-
other
1 238
-
3 428
-
total
11 195
-
25 751
-
Corporate
77 459
124 500
-
-
income
21 688
34 861
-
-
surtax
-
-
-
-
total
21 688
34 861
-
-
Dividends
55 771
89 639
-
-
surtax
-
-
-
-
social contributions
9 594
15 418
-
-
withholding
7 138
11 474
-
-
total
16 732
26 892
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 539
61 753
51 508
53 679
After tax
67 961
62 747
72 992
70 821
Living cost
28 922
28 922
28 922
28 922
Free-cash
39 039
33 825
44 070
41 899

Estimated living cost  is ₽28922 per week

₽16773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
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.
₽8663
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
₽56061
₽58690
₽60059
₽56547
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
social contributions
-
-
-
17 181
health
-
-
-
8 689
total
-
-
-
44 545
Employee
31 814
-
124 500
-
social contributions
4 391
-
17 181
-
income
5 306
-
20 044
-
health
2 220
-
8 689
-
total
11 917
-
45 914
-
Employer
31 814
-
124 500
-
total
-
-
-
-
Corporate
92 686
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%.

4 635
6 225
-
-
total
4 635
6 225
-
-
Dividends
88 051
118 275
-
-
social contributions
12 151
16 321
-
-
withholding
13 207
17 742
-
-
health
6 147
8 255
-
-
total
31 505
42 318
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 057
48 543
45 914
44 545
After tax
76 443
75 957
78 586
79 955
Living cost
19 896
19 896
19 896
19 896
Free-cash
56 547
56 061
58 690
60 059

Estimated living cost  is ₽19896 per week

₽13315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4895
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
₽36211
₽767
₽29718
₽34761
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
-
-
-
26 617
surtax
-
-
-
185
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
499
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
61 720
Employee
46 892
37 393
96 534
-
other
468
374
965
-
unemployment
1 407
1 122
2 895
-
pensions
4 802
3 828
9 886
-
income
5 338
2 758
21 983
-
health
1 814
1 448
3 736
-
total
13 829
9 530
39 465
-
Employer
46 892
37 393
96 534
-
chamber of commerce
187
150
386
-
health
1 772
1 414
3 648
-
pensions
5 885
4 694
12 115
-
accident
609
486
1 255
-
unemployment
1 407
1 122
2 895
-
surtax
185
185
185
-
payroll
1 407
1 122
2 895
-
other
2 228
1 775
4 585
-
total
13 680
10 948
27 964
-
Corporate
63 929
76 160
92 973
-
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.

15 983
19 040
23 242
-
total
15 983
19 040
23 242
-
Dividends
47 946
57 120
-
-
withholding
13 185
15 709
-
-
total
13 185
15 709
-
-
Income
124 500
124 500
124 500
124 500
Total tax
56 677
55 227
90 671
61 720
After tax
67 823
69 273
33 829
62 780
Living cost
33 062
33 062
33 062
33 062
Free-cash
34 761
36 211
767
29 718

Estimated living cost  is ₽33062 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
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.
₽7648
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
₽35500
₽11894
₽21130
₽21431
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.

-
-
-
6 289
social contributions
-
-
-
19 689
national
-
-
-
43 180
total
-
-
-
69 158
Employee

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

67 117
-
96 427
-
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.

584
-
839
-
communal

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

3 501
-
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.

5 034
-
7 233
-
national
20 635
-
32 687
-
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.

3 153
-
4 532
-
total
32 907
-
50 321
-
Employer

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

67 117
-
96 427
-
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.

4 127
-
5 931
-
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.

5 947
-
8 543
-
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.

872
-
1 254
-
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.

979
-
1 408
-
surtax
7 610
-
10 937
-
total
19 535
-
28 073
-
Corporate
37 846
124 500
-
-
income
7 569
24 900
-
-
surtax
151
499
-
-
total
7 720
25 399
-
-
Dividends
30 125
99 101
-
-
withholding

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

8 695
29 389
-
-
total
8 695
29 389
-
-
Income
124 500
124 500
124 500
124 500
Total tax
68 857
54 788
78 394
69 158
After tax
55 643
69 712
46 106
55 342
Living cost
34 212
34 212
34 212
34 212
Free-cash
21 431
35 500
11 894
21 130

Estimated living cost  is ₽34212 per week

₽22037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
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.
₽8648
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
₽49594
₽31257
₽35765
₽42456
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
-
-
-
783
income
-
-
-
28 758
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
54 849
Employee
46 707
-
96 774
-
other
46
-
87
-
unemployment
725
-
1 348
-
pensions
2 195
-
4 088
-
income
9 855
-
26 108
-
total
12 821
-
31 631
-
Employer
46 707
-
96 774
-
pensions
11 022
-
20 525
-
accident
924
-
1 722
-
unemployment
2 569
-
4 783
-
other
372
-
696
-
total
14 887
-
27 726
-
Corporate
62 906
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.

9 435
18 675
-
-
total
9 435
18 675
-
-
Dividends
53 470
105 825
-
-
withholding
11 015
22 345
-
-
total
11 015
22 345
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 158
41 020
59 357
54 849
After tax
76 342
83 480
65 143
69 651
Living cost
33 886
33 886
33 886
33 886
Free-cash
42 456
49 594
31 257
35 765

Estimated living cost  is ₽33886 per week

₽24953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6040
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
₽23825
₽20093
₽15127
₽14202
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
-
-
-
7 869
accident
-
-
-
1 051
income
-
-
-
15 881
surtax
-
-
-
6 172
health
-
-
-
8 748
pensions
-
-
-
18 661
total
-
-
-
58 382
Employee
71 057
-
111 210
-
pensions
5 684
-
8 896
-
surtax
4 355
-
6 816
-
income
6 863
-
19 467
-
health
3 162
-
4 948
-
total
20 064
-
40 127
-
Employer
71 057
-
111 210
-
health
2 167
-
3 392
-
pensions
5 684
-
8 896
-
accident
639
-
1 001
-
total
8 490
-
13 289
-
Corporate
44 953
124 500
-
-
communal
3 034
8 404
-
-
income
6 743
18 675
-
-
surtax
472
1 307
-
-
total
10 249
28 386
-
-
Dividends
34 704
96 114
-
-
income
15 299
6 880
-
-
withholding
5 205
14 418
-
-
total
20 504
21 298
-
-
Income
124 500
124 500
124 500
124 500
Total tax
59 307
49 684
53 416
58 382
After tax
65 193
74 816
71 084
66 118
Living cost
50 991
50 991
50 991
50 991
Free-cash
14 202
23 825
20 093
15 127

Estimated living cost  is ₽50991 per week

₽38251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
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.
₽9110
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
₽57236
₽36030
₽38092
₽54251
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
-
-
-
27 569
other
-
-
-
-
surtax
-
-
-
3 811
unemployment
-
-
-
214
health
-
-
-
8 839
pensions
-
-
-
24 900
total
-
-
-
65 333
Employee
31 599
-
102 850
-
other
-
-
-
-
unemployment
2 199
-
7 158
-
pensions
2 108
-
6 861
-
surtax
112
-
3 485
-
income
5 297
-
25 618
-
health
807
-
2 623
-
total
10 523
-
45 745
-
Employer
31 599
-
102 850
-
health
1 437
-
4 679
-
pensions
4 213
-
13 711
-
unemployment
1 002
-
3 260
-
other
-
-
-
-
total
6 652
-
21 650
-
Corporate
86 249
124 500
-
-
income
22 425
32 370
-
-
total
22 425
32 370
-
-
Dividends
63 824
92 130
-
-
withholding
9 574
13 819
-
-
total
9 574
13 819
-
-
Income
124 500
124 500
124 500
124 500
Total tax
49 174
46 189
67 395
65 333
After tax
75 326
78 311
57 105
59 167
Living cost
21 075
21 075
21 075
21 075
Free-cash
54 251
57 236
36 030
38 092

Estimated living cost  is ₽21075 per week

₽12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6031
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
₽40163
₽30104
₽35998
₽38082
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
-
-
-
739
national
-
-
-
28 589
total
-
-
-
63 226
Employee
52 049
-
124 500
-
municipal
276
-
661
-
national
8 246
-
24 804
-
regional
701
-
1 674
-
social contributions
17 551
-
41 981
-
total
26 774
-
69 120
-
Employer
52 049
-
124 500
-
total
-
-
-
-
Corporate
72 451
124 500
-
-
municipal
3 600
6 188
-
-
nationa
17 388
29 880
-
-
total
20 988
36 068
-
-
Dividends
51 463
88 432
-
-
withholding
13 380
22 993
-
-
total
13 380
22 993
-
-
Income
124 500
124 500
124 500
124 500
Total tax
61 142
59 061
69 120
63 226
After tax
63 358
65 439
55 380
61 274
Living cost
25 276
25 276
25 276
25 276
Free-cash
38 082
40 163
30 104
35 998

Estimated living cost  is ₽25276 per week

₽15719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
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.
₽6563
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
₽57363
₽34824
₽35040
₽47247
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
-
-
-
11 187
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
-
health
-
-
-
16 807
total
-
-
-
61 105
Employee
41 699
-
92 910
-
solidarity contribution
-
-
-
-
social contributions
2 710
-
6 039
-
income
5 004
-
11 149
-
health
5 629
-
12 543
-
total
13 343
-
29 731
-
Employer
41 699
-
92 910
-
health
3 753
-
8 362
-
social contributions
10 425
-
23 228
-
total
14 178
-
31 590
-
Corporate
68 624
124 500
-
-
income
13 039
23 655
-
-
total
13 039
23 655
-
-
Dividends
55 585
100 845
-
-
withholding
8 338
15 127
-
-
total
8 338
15 127
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 898
38 782
61 321
61 105
After tax
75 602
85 718
63 179
63 395
Living cost
28 355
28 355
28 355
28 355
Free-cash
47 247
57 363
34 824
35 040

Estimated living cost  is ₽28355 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
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.
₽5207
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
₽39440
₽3921
₽33030
₽38977
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
-
-
-
26 617
surtax
-
-
-
-
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
499
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
61 535
Employee
41 016
37 393
96 676
-
other
410
374
967
-
unemployment
1 230
1 122
2 901
-
pensions
4 200
3 828
9 900
-
income
3 654
2 758
22 033
-
health
1 587
1 448
3 741
-
total
11 081
9 530
39 542
-
Employer
41 016
37 393
96 676
-
chamber of commerce
164
150
386
-
health
1 551
1 414
3 654
-
pensions
5 148
4 694
12 133
-
accident
532
486
1 257
-
unemployment
1 230
1 122
2 901
-
surtax
-
-
-
-
payroll
1 230
1 122
2 901
-
other
1 948
1 775
4 590
-
total
11 803
10 763
27 822
-
Corporate
71 680
76 345
93 117
-
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.

17 920
19 086
23 280
-
total
17 920
19 086
23 280
-
Dividends
53 760
57 259
-
-
withholding
14 784
15 746
-
-
total
14 784
15 746
-
-
Income
124 500
124 500
124 500
124 500
Total tax
55 588
55 125
90 644
61 535
After tax
68 912
69 375
33 856
62 965
Living cost
29 935
29 935
29 935
29 935
Free-cash
38 977
39 440
3 921
33 030

Estimated living cost  is ₽29935 per week

₽17957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3057
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.
₽8387
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
₽106493
₽87818
₽111473
₽104284
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
14 727
-
124 500
-
income
2 946
-
24 900
-
total
2 946
-
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%.

109 773
124 500
-
-
total
-
-
-
-
Dividends
109 773
124 500
-
-
withholding
5 488
6 225
-
-
total
5 488
6 225
-
-
Income
124 500
124 500
124 500
124 500
Total tax
8 434
6 225
24 900
1 245
After tax
116 066
118 275
99 600
123 255
Living cost
11 782
11 782
11 782
11 782
Free-cash
104 284
106 493
87 818
111 473

Estimated living cost  is ₽11782 per week

₽7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
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.
₽2919
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
₽60552
₽34336
₽37708
₽52702
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
-
-
-
26 450
unemployment
-
-
-
187
health
-
-
-
12 251
pensions
-
-
-
22 737
total
-
-
-
61 625
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.

41 492
-
107 727
-
unemployment
59
-
151
-
pensions
6 432
-
16 697
-
income
7 155
-
24 419
-
health
2 680
-
6 959
-
total
16 326
-
48 226
-
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.

41 492
-
107 727
-
health
2 764
-
7 174
-
pensions
3 672
-
9 533
-
unemployment
25
-
64
-
total
6 461
-
16 771
-
Corporate
76 548
124 500
-
-
income
14 544
23 655
-
-
total
14 544
23 655
-
-
Dividends
62 004
100 845
-
-
withholding
9 300
15 126
-
-
total
9 300
15 126
-
-
Income
124 500
124 500
124 500
124 500
Total tax
46 631
38 781
64 997
61 625
After tax
77 869
85 719
59 503
62 875
Living cost
25 167
25 167
25 167
25 167
Free-cash
52 702
60 552
34 336
37 708

Estimated living cost  is ₽25167 per week

₽17272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5796
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
₽35666
₽72200
₽45959
-₽13999
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
57 469
-
-
-
social contributions
4 712
-
672
-
income
12 676
-
-
-
total
17 388
-
672
-
Employer
57 469
-
-
-
social contributions
81 031
-
11 548
-
total
81 031
-
11 548
-
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
98 419
48 754
12 220
38 461
After tax
26 081
75 746
112 280
86 039
Living cost
40 080
40 080
40 080
40 080
Free-cash
-13 999
35 666
72 200
45 959

Estimated living cost  is ₽40080 per week

₽26005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
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.
₽9794
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
₽41384
₽30423
₽38620
₽40440
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
-
-
-
13 185
surtax
-
-
-
-
social contributions

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

-
-
-
43 263
total
-
-
-
56 448
Employee
43 155
-
100 606
-
surtax
-
-
-
-
social contributions
4 747
-
11 066
-
income
8 976
-
29 685
-
total
13 723
-
40 751
-
Employer
43 155
-
100 606
-
social contributions
10 249
-
23 894
-
total
10 249
-
23 894
-
Corporate
71 096
124 500
-
-
income
14 930
26 145
-
-
surtax
-
-
-
-
total
14 930
26 145
-
-
Dividends
56 166
98 355
-
-
withholding
15 726
27 539
-
-
total
15 726
27 539
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 628
53 684
64 645
56 448
After tax
69 872
70 816
59 855
68 052
Living cost
29 432
29 432
29 432
29 432
Free-cash
40 440
41 384
30 423
38 620

Estimated living cost  is ₽29432 per week

₽22021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
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.
₽5183
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
₽17428
₽27673
₽25502
₽23879
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
-
-
-
16 196
other
-
-
-
3 860
surtax
-
-
-
-
social contributions
-
-
-
3 547
health
-
-
-
3 990
pensions
-
-
-
26 086
total
-
-
-
53 679
Employee
58 768
-
98 749
-
pensions
6 647
-
5 872
-
surtax
-
-
-
-
social contributions
1 674
-
2 813
-
income
5 128
-
17 072
-
total
13 449
-
25 757
-
Employer
58 768
-
98 749
-
health
4 113
-
7 962
-
pensions
9 656
-
10 066
-
unemployment
2 381
-
3 999
-
social contributions
176
-
296
-
other
2 028
-
3 428
-
total
18 354
-
25 751
-
Corporate
47 378
124 500
-
-
income
13 266
34 861
-
-
surtax
-
-
-
-
total
13 266
34 861
-
-
Dividends
34 112
89 639
-
-
surtax
-
-
-
-
social contributions
5 867
15 418
-
-
withholding
4 366
11 474
-
-
total
10 233
26 892
-
-
Income
124 500
124 500
124 500
124 500
Total tax
55 302
61 753
51 508
53 679
After tax
69 198
62 747
72 992
70 821
Living cost
45 319
45 319
45 319
45 319
Free-cash
23 879
17 428
27 673
25 502

Estimated living cost  is ₽45319 per week

₽30671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
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.
₽10319
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
₽83845
₽68199
₽64893
₽80694
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
-
-
-
4 013
social contributions
-
-
-
27 389
total
-
-
-
31 402
Employee
30 166
-
107 791
-
income
-
-
4 380
-
social contributions
1 960
-
7 007
-
total
1 960
-
11 387
-
Employer
30 166
-
107 791
-
social contributions
4 676
-
16 709
-
total
4 676
-
16 709
-
Corporate
89 659
124 500
-
-
income
8 965
12 450
-
-
total
8 965
12 450
-
-
Dividends
80 693
112 050
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
15 601
12 450
28 096
31 402
After tax
108 899
112 050
96 404
93 098
Living cost
28 205
28 205
28 205
28 205
Free-cash
80 694
83 845
68 199
64 893

Estimated living cost  is ₽28205 per week

₽18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
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.
₽7311
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
-₽79926
-₽79926
₽30597
-₽79926
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
-
-
-
9 895
municipal
-
-
-
24 723
national
-
-
-
13 285
pensions
-
-
-
813
total
-
-
-
48 716
Employee
190 722
190 722
190 722
-
municipal
40 613
40 613
40 613
-
labour market
15 236
15 236
15 236
-
pensions
271
271
271
-
national
23 300
23 300
23 300
-
total
79 420
79 420
79 420
-
Employer
190 722
190 722
190 722
-
national
23 341
23 341
23 341
-
labour market
15 258
15 258
15 258
-
pensions
542
542
542
-
municipal
40 678
40 678
40 678
-
total
79 819
79 819
79 819
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
124 500
124 500
124 500
124 500
Total tax
159 239
159 239
159 239
48 716
After tax
-34 739
-34 739
-34 739
75 784
Living cost
45 187
45 187
45 187
45 187
Free-cash
-79 926
-79 926
-79 926
30 597

Estimated living cost  is ₽45187 per week

₽30926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
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.
₽9568
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
-₽10555
₽45468
₽64625
₽6918
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
-
-
-
240
income
-
-
-
32 604
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
39 236
Employee
32 466
-
109 498
-
pensions
3 656
-
7 264
-
income
4 454
-
23 589
-
health
3 718
-
12 538
-
total
11 828
-
43 391
-
Employer
32 466
-
109 498
-
pensions
5 279
-
10 490
-
accident
542
-
1 829
-
unemployment
796
-
2 683
-
total
6 617
-
15 002
-
Corporate
85 417
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.

76 875
112 050
-
-
total
76 875
112 050
-
-
Dividends
8 542
12 450
-
-
withholding
1 623
2 366
-
-
total
1 623
2 366
-
-
Income
124 500
124 500
124 500
124 500
Total tax
96 943
114 416
58 393
39 236
After tax
27 557
10 084
66 107
85 264
Living cost
20 639
20 639
20 639
20 639
Free-cash
6 918
-10 555
45 468
64 625

Estimated living cost  is ₽20639 per week

₽15023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
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.
₽4052
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
₽44413
₽31881
₽48950
₽45055
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
-
-
-
1 526
municipal
-
-
-
22 135
national
-
-
-
15 865
total
-
-
-
39 526
Employee
49 366
-
104 737
-
municipal
8 086
-
17 078
-
unemployment
741
-
1 570
-
pensions
3 332
-
7 069
-
national
816
-
9 894
-
health
369
-
1 221
-
total
13 344
-
36 832
-
Employer
49 366
-
104 737
-
health
379
-
807
-
pensions
8 565
-
18 171
-
accident
50
-
105
-
unemployment
321
-
680
-
total
9 315
-
19 763
-
Corporate
65 819
124 500
-
-
income
13 164
24 900
-
-
total
13 164
24 900
-
-
Dividends

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

39 492
74 700
-
-
municipal
7 108
13 445
-
-
national
490
5 718
-
-
total
7 598
19 163
-
-
Income
124 500
124 500
124 500
124 500
Total tax
43 421
44 063
56 595
39 526
After tax
81 079
80 437
67 905
84 974
Living cost
36 024
36 024
36 024
36 024
Free-cash
45 055
44 413
31 881
48 950

Estimated living cost  is ₽36024 per week

₽23531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
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.
₽8456
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
₽69233
₽64079
₽65380
₽64126
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
-
-
-
19 040
social contributions
-
-
-
15 181
health
-
-
-
3 175
total
-
-
-
37 396
Employee
72 151
72 151
114 308
-
social contributions
2 728
5 988
8 077
-
income
7 856
6 679
18 485
-
health
559
1 227
1 943
-
total
11 143
13 894
28 505
-
Employer
72 151
72 151
114 308
-
health
607
1 335
2 115
-
social contributions
2 728
5 988
8 077
-
total
3 335
7 323
10 192
-
Corporate
88 298
45 025
-
-
income
11 038
5 629
-
-
total
11 038
5 629
-
-
Dividends
77 260
39 397
-
-
withholding
13 134
6 697
-
-
total
13 134
6 697
-
-
Income
124 500
124 500
124 500
124 500
Total tax
38 650
33 543
38 697
37 396
After tax
85 850
90 957
85 803
87 104
Living cost
21 724
21 724
21 724
21 724
Free-cash
64 126
69 233
64 079
65 380

Estimated living cost  is ₽21724 per week

₽13020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6093
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
₽88202
₽69061
₽87880
₽83428
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
-
-
-
12 331
unemployment
-
-
-
27
health
-
-
-
3 396
pensions
-
-
-
5 969
total
-
-
-
21 723
Employee

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

21 537
-
115 330
-
unemployment
107
-
445
-
pensions
3 230
-
13 355
-
income
1 473
-
10 004
-
health
1 830
-
7 568
-
total
6 640
-
31 372
-
Employer

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

21 537
-
115 330
-
health
926
-
3 828
-
pensions
1 184
-
4 897
-
unemployment
107
-
445
-
total
2 217
-
9 170
-
Corporate
100 746
124 500
-
-
income
9 067
11 205
-
-
total
9 067
11 205
-
-
Dividends
91 679
113 295
-
-
withholding
8 251
10 196
-
-
total
8 251
10 196
-
-
Income
124 500
124 500
124 500
124 500
Total tax
26 175
21 401
40 542
21 723
After tax
98 325
103 099
83 958
102 777
Living cost
14 897
14 897
14 897
14 897
Free-cash
83 428
88 202
69 061
87 880

Estimated living cost  is ₽14897 per week

₽9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
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.
₽3875
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
₽57678
₽39341
₽43849
₽53092
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
-
-
-
783
income
-
-
-
28 758
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
54 849
Employee
34 695
-
96 774
-
other
34
-
87
-
unemployment
538
-
1 348
-
pensions
1 631
-
4 088
-
income
6 689
-
26 108
-
total
8 892
-
31 631
-
Employer
34 695
-
96 774
-
pensions
8 187
-
20 525
-
accident
687
-
1 722
-
unemployment
1 909
-
4 783
-
other
278
-
696
-
total
11 061
-
27 726
-
Corporate
78 744
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.

11 811
18 675
-
-
total
11 811
18 675
-
-
Dividends
66 933
105 825
-
-
withholding
13 842
22 345
-
-
total
13 842
22 345
-
-
Income
124 500
124 500
124 500
124 500
Total tax
45 606
41 020
59 357
54 849
After tax
78 894
83 480
65 143
69 651
Living cost
25 802
25 802
25 802
25 802
Free-cash
53 092
57 678
39 341
43 849

Estimated living cost  is ₽25802 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
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.
₽5454
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
₽75788
₽77774
₽77909
₽75476
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
-
-
-
42 300
health
-
-
-
1 005
pensions
-
-
-
1 386
total
-
-
-
44 691
Employee
2 894
-
122 941
-
unemployment
29
-
69
-
pensions
260
-
624
-
income
560
-
42 227
-
health
145
-
347
-
total
994
-
43 267
-
Employer
2 894
-
122 941
-
health
275
-
658
-
pensions
318
-
762
-
unemployment
58
-
139
-
total
651
-
1 559
-
Corporate
120 954
124 500
-
-
income
26 610
27 390
-
-
total
26 610
27 390
-
-
Dividends
94 344
97 110
-
-
withholding
18 869
19 422
-
-
total
18 869
19 422
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 124
46 812
44 826
44 691
After tax
77 376
77 688
79 674
79 809
Living cost
1 900
1 900
1 900
1 900
Free-cash
75 476
75 788
77 774
77 909

Estimated living cost  is ₽1900 per week

₽1129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
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.
₽573
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
₽73755
₽54929
₽54929
₽69147
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
-
-
-
27 213
unemployment
-
-
-
1 038
health
-
-
-
7 129
pensions
-
-
-
17 995
total
-
-
-
53 375
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.

24 423
-
112 111
-
unemployment
183
-
519
-
pensions
3 419
-
9 690
-
income
3 367
-
27 213
-
health
1 258
-
3 564
-
total
8 227
-
40 986
-
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.

24 423
-
112 111
-
health
1 258
-
3 564
-
pensions
2 931
-
8 306
-
unemployment
183
-
519
-
total
4 372
-
12 389
-
Corporate
95 705
124 500
-
-
income
14 356
18 675
-
-
total
14 356
18 675
-
-
Dividends
81 349
105 825
-
-
withholding
12 202
15 874
-
-
total
12 202
15 874
-
-
Income
124 500
124 500
124 500
124 500
Total tax
39 157
34 549
53 375
53 375
After tax
85 343
89 951
71 125
71 125
Living cost
16 196
16 196
16 196
16 196
Free-cash
69 147
73 755
54 929
54 929

Estimated living cost  is ₽16196 per week

₽10905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
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.
₽3570
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
₽45520
₽34559
₽42756
₽45182
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
-
-
-
13 185
surtax
-
-
-
-
social contributions

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

-
-
-
43 263
total
-
-
-
56 448
Employee
36 418
-
100 606
-
surtax
-
-
-
-
social contributions
4 006
-
11 066
-
income
7 116
-
29 685
-
total
11 122
-
40 751
-
Employer
36 418
-
100 606
-
social contributions
8 648
-
23 894
-
total
8 648
-
23 894
-
Corporate
79 434
124 500
-
-
income
16 681
26 145
-
-
surtax
-
-
-
-
total
16 681
26 145
-
-
Dividends
62 753
98 355
-
-
withholding
17 571
27 539
-
-
total
17 571
27 539
-
-
Income
124 500
124 500
124 500
124 500
Total tax
54 022
53 684
64 645
56 448
After tax
70 478
70 816
59 855
68 052
Living cost
25 296
25 296
25 296
25 296
Free-cash
45 182
45 520
34 559
42 756

Estimated living cost  is ₽25296 per week

₽17916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5174
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
₽50504
₽32167
₽36675
₽43683
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
-
-
-
783
income
-
-
-
28 758
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
54 849
Employee
45 316
-
96 774
-
other
45
-
87
-
unemployment
702
-
1 348
-
pensions
2 130
-
4 088
-
income
9 465
-
26 108
-
total
12 342
-
31 631
-
Employer
45 316
-
96 774
-
pensions
10 694
-
20 525
-
accident
897
-
1 722
-
unemployment
2 493
-
4 783
-
other
363
-
696
-
total
14 447
-
27 726
-
Corporate
64 736
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.

9 710
18 675
-
-
total
9 710
18 675
-
-
Dividends
55 027
105 825
-
-
withholding
11 342
22 345
-
-
total
11 342
22 345
-
-
Income
124 500
124 500
124 500
124 500
Total tax
47 841
41 020
59 357
54 849
After tax
76 659
83 480
65 143
69 651
Living cost
32 976
32 976
32 976
32 976
Free-cash
43 683
50 504
32 167
36 675

Estimated living cost  is ₽32976 per week

₽23682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2564
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.
₽6266
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
₽90311
₽85383
₽80939
₽84592
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
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
27 424
Employee
21 368
-
118 071
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 877
-
income
2 137
-
11 807
-
health
983
-
1 507
-
total
5 231
-
16 551
-
Employer
21 368
-
118 071
-
health
1 475
-
2 261
-
pensions

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

2 355
-
3 611
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
unemployment
128
-
197
-
total
4 193
-
6 429
-
Corporate
98 940
124 500
-
-
income
9 894
12 450
-
-
total
9 894
12 450
-
-
Dividends
89 046
112 050
-
-
withholding
4 453
5 602
-
-
total
4 453
5 602
-
-
Income
124 500
124 500
124 500
124 500
Total tax
23 771
18 052
22 980
27 424
After tax
100 729
106 448
101 520
97 076
Living cost
16 137
16 137
16 137
16 137
Free-cash
84 592
90 311
85 383
80 939

Estimated living cost  is ₽16137 per week

₽10673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
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.
₽4156
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
₽27914
₽46035
₽34429
₽40190
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.

-
-
-
33 962
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.

-
-
-
1 868
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.

-
-
-
6 410
trade
-
-
-
11 606
total
-
-
-
53 846
Employee

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

46 686
-
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.

212
-
1 868
-
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.

3 839
-
33 962
-
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.

6 410
-
6 410
-
total
10 461
-
42 240
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 814
124 500
-
-
income
11 672
18 675
-
-
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.

643
1 027
-
-
chamber of commerce
256
326
-
-
trade
11 166
17 867
-
-
total
23 737
37 895
-
-
Dividends
54 076
86 605
-
-
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.

725
1 172
-
-
withholding
13 162
21 294
-
-
total
13 887
22 466
-
-
Income
124 500
124 500
124 500
124 500
Total tax
48 085
60 361
42 240
53 846
After tax
76 415
64 139
82 260
70 654
Living cost
36 225
36 225
36 225
36 225
Free-cash
40 190
27 914
46 035
34 429

Estimated living cost  is ₽36225 per week

₽24989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3898
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.
₽6813
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
₽33699
₽25041
₽25041
₽35771
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
-
-
-
34 291
social contributions
-
-
-
11 718
total
-
-
-
46 009
Employee
73 396
-
124 500
-
income
13 850
-
34 291
-
social contributions
6 098
-
11 718
-
total
19 948
-
46 009
-
Employer
73 396
-
124 500
-
total
-
-
-
-
Corporate
51 104
124 500
-
-
income
6 389
15 563
-
-
total
6 389
15 563
-
-
Dividends
44 715
108 937
-
-
withholding
8 942
21 788
-
-
total
8 942
21 788
-
-
Income
124 500
124 500
124 500
124 500
Total tax
35 279
37 351
46 009
46 009
After tax
89 221
87 149
78 491
78 491
Living cost
53 450
53 450
53 450
53 450
Free-cash
35 771
33 699
25 041
25 041

Estimated living cost  is ₽53450 per week

₽40664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4355
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.
₽7920
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
₽41907
₽56950
₽58043
₽45186
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
-
-
-
26 709
health

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

-
-
-
5 687
total
-
-
-
32 396
Employee
43 044
-
120 184
-
income
4 671
-
24 857
-
social contributions
4 313
-
4 316
-
total
8 984
-
29 173
-
Employer
43 044
-
120 184
-
social contributions
4 313
-
4 316
-
total
4 313
-
4 316
-
Corporate
77 143
124 500
-
-
income
26 999
43 575
-
-
total
26 999
43 575
-
-
Dividends
50 144
80 925
-
-
social contributions
4 957
4 957
-
-
total
4 957
4 957
-
-
Income
124 500
124 500
124 500
124 500
Total tax
45 253
48 532
33 489
32 396
After tax
79 247
75 968
91 011
92 104
Living cost
34 061
34 061
34 061
34 061
Free-cash
45 186
41 907
56 950
58 043

Estimated living cost  is ₽34061 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8417
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
₽51060
₽39302
₽50794
₽53177
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
-
-
-
31 269
pensions
-
-
-
7 622
total
-
-
-
38 891
Employee
47 789
-
109 132
-
pensions
3 648
-
9 671
-
income
8 703
-
23 607
-
health
623
-
1 741
-
total
12 974
-
35 019
-
Employer
47 789
-
109 132
-
health
908
-
2 072
-
pensions
4 828
-
13 292
-
total
5 736
-
15 364
-
Corporate
70 974
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.

13 486
23 654
-
-
total
13 486
23 654
-
-
Dividends
57 489
100 846
-
-
withholding
4 312
14 971
-
-
total
4 312
14 971
-
-
Income
124 500
124 500
124 500
124 500
Total tax
36 508
38 625
50 383
38 891
After tax
87 992
85 875
74 117
85 609
Living cost
34 815
34 815
34 815
34 815
Free-cash
53 177
51 060
39 302
50 794

Estimated living cost  is ₽34815 per week

₽23883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₽12598
₽43425
₽62582
₽6605
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
-
-
-
240
income
-
-
-
32 604
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
39 236
Employee
35 680
-
109 498
-
pensions
4 018
-
7 264
-
income
4 895
-
23 589
-
health
4 085
-
12 538
-
total
12 998
-
43 391
-
Employer
35 680
-
109 498
-
pensions
5 801
-
10 490
-
accident
596
-
1 829
-
unemployment
874
-
2 683
-
total
7 271
-
15 002
-
Corporate
81 549
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.

73 394
112 050
-
-
total
73 394
112 050
-
-
Dividends
8 155
12 450
-
-
withholding
1 550
2 366
-
-
total
1 550
2 366
-
-
Income
124 500
124 500
124 500
124 500
Total tax
95 213
114 416
58 393
39 236
After tax
29 287
10 084
66 107
85 264
Living cost
22 682
22 682
22 682
22 682
Free-cash
6 605
-12 598
43 425
62 582

Estimated living cost  is ₽22682 per week

₽16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
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.
₽4257
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
₽92090
₽71276
₽57676
₽87700
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
-
-
-
19 910
unemployment
-
-
-
1 494
work injury
-
-
-
622
health insurance
-
-
-
9 213
pensions
-
-
-
22 908
total
-
-
-
54 147
Employee

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

20 283
-
124 500
-
health insurance
1 501
-
5 553
-
unemployment
243
-
901
-
work injury
101
-
375
-
pensions
3 732
-
13 808
-
income
2 028
-
19 910
-
total
7 605
-
40 547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
104 217
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%.

1 042
1 245
-
-
total
1 042
1 245
-
-
Dividends
103 175
123 255
-
-
withholding
15 476
18 488
-
-
total
15 476
18 488
-
-
Income
124 500
124 500
124 500
124 500
Total tax
24 123
19 733
40 547
54 147
After tax
100 377
104 767
83 953
70 353
Living cost
12 677
12 677
12 677
12 677
Free-cash
87 700
92 090
71 276
57 676

Estimated living cost  is ₽12677 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
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.
₽3507
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

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Rome , Italy
₽28198
₽17214
₽22908
₽23929
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
-
-
-
2 770
municipal
-
-
-
832
national
-
-
-
28 589
total
-
-
-
64 212
Employee
79 067
-
124 500
-
municipal
472
-
743
-
national
13 362
-
24 804
-
regional
1 194
-
2 378
-
social contributions
26 661
-
41 981
-
total
41 689
-
69 906
-
Employer
79 067
-
124 500
-
total
-
-
-
-
Corporate
45 433
124 500
-
-
municipal
2 190
6 001
-
-
nationa
10 904
29 880
-
-
total
13 094
35 881
-
-
Dividends
32 338
88 619
-
-
withholding
8 408
23 041
-
-
total
8 408
23 041
-
-
Income
124 500
124 500
124 500
124 500
Total tax
63 191
58 922
69 906
64 212
After tax
61 309
65 578
54 594
60 288
Living cost
37 380
37 380
37 380
37 380
Free-cash
23 929
28 198
17 214
22 908

Estimated living cost  is ₽37380 per week

₽26257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7986
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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