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
₽ 125000
per

Your estimated
City
free-cash

Dresden , Germany
₽40736
₽53102
₽43907
₽32845
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.

-
-
-
125 000
trade
-
-
-
12 366
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.

-
-
-
6 830
income

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

-
-
-
32 971
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.

-
-
-
1 814
total
-
-
-
53 981
Employee

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

38 240
-
125 000
-
surtax

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

59
-
1 814
-
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.

1 068
-
32 971
-
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.

6 830
-
6 830
-
total
7 957
-
41 615
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86 760
125 000
-
-
trade
13 664
19 688
-
-
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.

715
1 032
-
-
income
13 013
18 751
-
-
chamber of commerce
277
332
-
-
total
27 669
39 803
-
-
Dividends
59 090
85 197
-
-
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.

791
1 150
-
-
withholding
14 393
20 919
-
-
total
15 184
22 069
-
-
Income
125 000
125 000
125 000
125 000
Total tax
50 810
61 872
41 615
53 981
After tax
74 190
63 128
83 385
71 019
Living cost
30 283
30 283
30 283
30 283
Free-cash
43 907
32 845
53 102
40 736

Estimated living cost  is ₽30283 per week

₽19049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
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.
₽7138
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
₽24202
₽25184
₽26712
₽27551
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
-
-
-
125 000
social contributions
-
-
-
1 344
municipal
-
-
-
13 337
national
-
-
-
20 668
pensions
-
-
-
15 000
total
-
-
-
50 349
Employee
78 206
-
108 061
-
pensions
3 128
-
4 322
-
national
14 969
-
21 417
-
municipal
9 660
-
13 821
-
total
27 757
-
39 560
-
Employer
78 206
-
108 061
-
pensions
6 256
-
8 645
-
social contributions
841
-
1 162
-
total
7 097
-
9 807
-
Corporate
34 536
125 000
-
-
income

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

6 907
25 000
-
-
total
6 907
25 000
-
-
Dividends
27 628
100 000
-
-
withholding
6 078
22 000
-
-
total
6 078
22 000
-
-
Income
125 000
125 000
125 000
125 000
Total tax
47 839
47 000
49 367
50 349
After tax
77 161
78 000
75 633
74 651
Living cost
50 449
50 449
50 449
50 449
Free-cash
26 712
27 551
25 184
24 202

Estimated living cost  is ₽50449 per week

₽34290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽755
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.
₽10715
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
₽15218
₽49373
₽71000
₽79200
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.

-
-
-
125 000
social contributions

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

-
-
-
38 306
income
-
-
-
18 802
microenterprise
-
-
-
-
surtax
-
-
-
31 874
total
-
-
-
88 982
Employee
29 214
-
100 734
-
income
5 200
-
19 481
-
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.

3 214
-
11 080
-
surtax
-
-
-
-
total
8 414
-
30 561
-
Employer
29 214
-
100 734
-
social contributions

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

7 037
-
24 266
-
surtax
-
-
-
-
total
7 037
-
24 266
-
Corporate
88 749
125 000
-
-
income

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

17 749
25 000
-
-
total
17 749
25 000
-
-
Dividends

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

71 000
100 000
-
-
total
-
-
-
-
Income
125 000
125 000
125 000
125 000
Total tax
33 200
25 000
54 827
88 982
After tax
91 800
100 000
70 173
36 018
Living cost
20 800
20 800
20 800
20 800
Free-cash
71 000
79 200
49 373
15 218

Estimated living cost  is ₽20800 per week

₽13270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5077
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
₽30005
₽26520
₽13117
₽19241
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
-
-
-
125 000
health
-
-
-
12 329
income
-
-
-
29 070
pensions
-
-
-
11 714
total
-
-
-
53 113
Employee
85 378
85 378
106 420
-
income

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

13 975
13 975
13 975
-
pensions
15 368
11 714
11 714
-
health
13 105
11 147
12 329
-
total
42 448
36 836
38 018
-
Employer
85 378
85 378
106 420
-
pensions
5 942
5 942
7 386
-
health
5 935
5 935
7 375
-
unemployment
3 074
3 074
3 819
-
total
14 951
14 951
18 580
-
Corporate
25 719
24 672
-
-
income
5 144
4 935
-
-
total
5 144
4 935
-
-
Dividends
20 576
19 737
-
-
withholding
3 087
2 960
-
-
income
4 371
4 195
-
-
total
7 458
7 155
-
-
Income
125 000
125 000
125 000
125 000
Total tax
70 001
63 877
56 598
53 113
After tax
54 999
61 123
68 402
71 887
Living cost
41 882
41 882
41 882
41 882
Free-cash
13 117
19 241
26 520
30 005

Estimated living cost  is ₽41882 per week

₽29681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽666
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.
₽7760
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
₽27936
₽26899
₽28932
₽29796
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
-
-
-
125 000
other
-
-
-
9 793
unemployment
-
-
-
84
accident
-
-
-
168
municipal
-
-
-
29 994
health
-
-
-
5 259
national
-
-
-
4 202
pensions
-
-
-
9 110
total
-
-
-
58 610
Employee
54 793
-
98 520
-
national
-
-
3 789
-
municipal
16 339
-
29 379
-
total
16 339
-
33 168
-
Employer
54 793
-
98 520
-
pensions
5 923
-
9 110
-
other
6 367
-
9 793
-
accident
110
-
168
-
health
3 370
-
5 183
-
unemployment
1 447
-
2 225
-
total
17 217
-
26 479
-
Corporate
52 991
125 000
-
-
income
11 658
27 500
-
-
total
11 658
27 500
-
-
Dividends
41 333
97 500
-
-
withholding
12 400
29 250
-
-
total
12 400
29 250
-
-
Income
125 000
125 000
125 000
125 000
Total tax
57 614
56 750
59 647
58 610
After tax
67 386
68 250
65 353
66 390
Living cost
38 454
38 454
38 454
38 454
Free-cash
28 932
29 796
26 899
27 936

Estimated living cost  is ₽38454 per week

₽25486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽31192
₽44109
₽37258
₽23209
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.

-
-
-
125 000
trade
-
-
-
12 917
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.

-
-
-
6 830
income

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

-
-
-
32 971
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.

-
-
-
1 814
total
-
-
-
54 532
Employee

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

50 701
-
125 000
-
surtax

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

239
-
1 814
-
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.

4 356
-
32 971
-
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.

6 830
-
6 830
-
total
11 425
-
41 615
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 299
125 000
-
-
trade
12 222
20 563
-
-
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.

613
1 032
-
-
income
11 145
18 751
-
-
chamber of commerce
258
330
-
-
total
24 238
40 676
-
-
Dividends
50 061
84 324
-
-
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.

668
1 138
-
-
withholding
12 135
20 701
-
-
total
12 803
21 839
-
-
Income
125 000
125 000
125 000
125 000
Total tax
48 466
62 515
41 615
54 532
After tax
76 534
62 485
83 385
70 468
Living cost
39 276
39 276
39 276
39 276
Free-cash
37 258
23 209
44 109
31 192

Estimated living cost  is ₽39276 per week

₽26268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽586
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.
₽8280
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
₽55160
₽53825
₽54779
₽58927
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
-
-
-
125 000
social contributions
-
-
-
16 176
health
-
-
-
3 187
income
-
-
-
18 049
total
-
-
-
37 412
Employee
76 879
76 879
114 280
-
income
8 073
7 117
17 478
-
social contributions
3 736
6 381
8 606
-
health
765
1 307
1 943
-
total
12 574
14 805
28 027
-
Employer
76 879
76 879
114 280
-
health
833
1 423
2 114
-
social contributions
3 736
6 381
8 606
-
total
4 569
7 804
10 720
-
Corporate
75 430
40 318
-
-
income
9 429
5 039
-
-
total
9 429
5 039
-
-
Dividends
66 001
35 279
-
-
withholding
11 221
5 997
-
-
total
11 221
5 997
-
-
Income
125 000
125 000
125 000
125 000
Total tax
37 793
33 645
38 747
37 412
After tax
87 207
91 355
86 253
87 588
Living cost
32 428
32 428
32 428
32 428
Free-cash
54 779
58 927
53 825
55 160

Estimated living cost  is ₽32428 per week

₽22168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
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.
₽7183
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
₽68359
₽54229
₽52471
₽52092
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
-
-
-
125 000
unemployment
-
-
-
1 875
health
-
-
-
8 750
income
-
-
-
15 281
pensions
-
-
-
12 500
total
-
-
-
38 406
Employee

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

The minimum wage is 138,000 HUF per month.

26 323
10 476
104 603
-
income
3 218
1 281
12 788
-
pensions
2 632
1 048
10 460
-
unemployment
395
157
1 569
-
health
1 843
733
7 322
-
total
8 088
3 219
32 139
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 323
10 476
104 603
-
pensions
5 133
2 043
20 397
-
total
5 133
2 043
20 397
-
Corporate
93 544
112 481
-
-
income
8 419
10 123
-
-
total
8 419
10 123
-
-
Dividends
85 125
102 358
-
-
social contributions
16 480
19 840
-
-
withholding
16 174
19 448
-
-
total
32 654
39 288
-
-
Income
125 000
125 000
125 000
125 000
Total tax
54 294
54 673
52 536
38 406
After tax
70 706
70 327
72 464
86 594
Living cost
18 235
18 235
18 235
18 235
Free-cash
52 471
52 092
54 229
68 359

Estimated living cost  is ₽18235 per week

₽12444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3935
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
₽42852
₽47901
₽69642
₽75852
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
-
-
-
125 000
health
-
-
-
16 250
income
-
-
-
16 751
pensions
-
-
-
24 999
total
-
-
-
58 000
Employee
28 362
-
93 422
-
income
3 193
-
18 011
-
pensions
567
-
1 869
-
unemployment
453
-
1 495
-
total
4 213
-
21 375
-
Employer
28 362
-
93 422
-
pensions
5 673
-
18 684
-
health
3 686
-
12 144
-
unemployment
228
-
748
-
total
9 587
-
31 576
-
Corporate
87 051
125 000
-
-
income
17 409
25 000
-
-
total
17 409
25 000
-
-
Dividends
69 641
100 000
-
-
total
-
-
-
-
Income
125 000
125 000
125 000
125 000
Total tax
31 209
25 000
52 951
58 000
After tax
93 791
100 000
72 049
67 000
Living cost
24 148
24 148
24 148
24 148
Free-cash
69 642
75 852
47 901
42 852

Estimated living cost  is ₽24148 per week

₽16563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5661
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
₽63718
₽44211
₽6764
-₽11789
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
-
-
-
125 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
32 430
pensions
-
-
-
4 145
total
-
-
-
39 368
Employee
34 472
-
109 513
-
income
4 729
-
23 250
-
pensions
3 882
-
7 600
-
health
3 947
-
12 539
-
total
12 558
-
43 389
-
Employer
34 472
-
109 513
-
pensions
5 605
-
10 974
-
accident
575
-
1 829
-
unemployment
845
-
2 683
-
total
7 025
-
15 486
-
Corporate
83 503
125 000
-
-
income

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

75 153
112 500
-
-
total
75 153
112 500
-
-
Dividends
8 350
12 500
-
-
withholding
1 586
2 375
-
-
total
1 586
2 375
-
-
Income
125 000
125 000
125 000
125 000
Total tax
96 322
114 875
58 875
39 368
After tax
28 678
10 125
66 125
85 632
Living cost
21 914
21 914
21 914
21 914
Free-cash
6 764
-11 789
44 211
63 718

Estimated living cost  is ₽21914 per week

₽16061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽4182
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
₽114739
₽90989
₽108050
₽109739
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%.

-
-
-
125 000
microenterprise

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

-
-
-
1 250
total
-
-
-
1 250
Employee
11 263
-
125 000
-
income
2 252
-
25 000
-
total
2 252
-
25 000
-
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%.

113 737
125 000
-
-
total
-
-
-
-
Dividends
113 737
125 000
-
-
withholding
5 687
6 250
-
-
total
5 687
6 250
-
-
Income
125 000
125 000
125 000
125 000
Total tax
7 939
6 250
25 000
1 250
After tax
117 061
118 750
100 000
123 750
Living cost
9 011
9 011
9 011
9 011
Free-cash
108 050
109 739
90 989
114 739

Estimated living cost  is ₽9011 per week

₽5584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽248
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.
₽2430
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
₽40263
₽45429
₽58446
₽65197
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
-
-
-
125 000
other
-
-
-
5 937
health
-
-
-
5 500
income
-
-
-
16 660
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.

-
-
-
30 000
total
-
-
-
58 097
Employee
36 301
-
99 838
-
income
6 250
-
18 383
-
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.

2 540
-
6 990
-
unemployment
362
-
998
-
health
508
-
1 398
-
total
9 660
-
27 769
-
Employer
36 301
-
99 838
-
pensions

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

6 172
-
16 973
-
other
1 816
-
4 994
-
accident
290
-
799
-
health
508
-
1 398
-
unemployment
362
-
998
-
total
9 148
-
25 162
-
Corporate
79 550
125 000
-
-
income
16 706
26 251
-
-
total
16 706
26 251
-
-
Dividends
62 845
98 749
-
-
withholding
4 400
6 912
-
-
total
4 400
6 912
-
-
Income
125 000
125 000
125 000
125 000
Total tax
39 914
33 163
52 931
58 097
After tax
85 086
91 837
72 069
66 903
Living cost
26 640
26 640
26 640
26 640
Free-cash
58 446
65 197
45 429
40 263

Estimated living cost  is ₽26640 per week

₽18823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽429
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.
₽5589
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
₽19543
₽7939
₽12576
₽20183
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
-
-
-
125 000
income
-
-
-
30 185
pensions
-
-
-
8 006
total
-
-
-
38 191
Employee
95 171
-
109 676
-
income
17 156
-
22 450
-
pensions
9 181
-
10 230
-
health
1 568
-
1 792
-
total
27 905
-
34 472
-
Employer
95 171
-
109 676
-
pensions
11 237
-
13 239
-
health
1 807
-
2 084
-
total
13 044
-
15 323
-
Corporate
16 784
125 000
-
-
income

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

3 190
23 750
-
-
total
3 190
23 750
-
-
Dividends
13 595
101 250
-
-
withholding
1 019
13 801
-
-
total
1 019
13 801
-
-
Income
125 000
125 000
125 000
125 000
Total tax
45 158
37 551
49 795
38 191
After tax
79 842
87 449
75 205
86 809
Living cost
67 266
67 266
67 266
67 266
Free-cash
12 576
20 183
7 939
19 543

Estimated living cost  is ₽67266 per week

₽50404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7903
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.
₽8413
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
₽83812
₽88164
₽89120
₽93764
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
-
-
-
125 000
unemployment
-
-
-
140
health
-
-
-
4 017
income
-
-
-
18 750
pensions

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

-
-
-
5 170
total
-
-
-
28 077
Employee
17 361
-
118 147
-
income
1 736
-
11 814
-
pensions

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

1 524
-
3 067
-
health
799
-
1 607
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
total
4 250
-
16 872
-
Employer
17 361
-
118 147
-
pensions

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

1 913
-
3 849
-
accident

We are using the highest rate at 1.1%.

191
-
384
-
health
1 198
-
2 410
-
unemployment
104
-
210
-
total
3 406
-
6 853
-
Corporate
104 232
125 000
-
-
income
10 423
12 500
-
-
total
10 423
12 500
-
-
Dividends
93 809
112 500
-
-
withholding
4 690
5 625
-
-
total
4 690
5 625
-
-
Income
125 000
125 000
125 000
125 000
Total tax
22 769
18 125
23 725
28 077
After tax
102 231
106 875
101 275
96 923
Living cost
13 111
13 111
13 111
13 111
Free-cash
89 120
93 764
88 164
83 812

Estimated living cost  is ₽13111 per week

₽7655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽936
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽347
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.
₽4173
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
₽16447
₽12962
₽8198
₽5683
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
-
-
-
125 000
health
-
-
-
12 329
income
-
-
-
29 070
pensions
-
-
-
11 714
total
-
-
-
53 113
Employee
92 693
85 378
106 420
-
income

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

13 975
13 975
13 975
-
pensions
11 714
11 714
11 714
-
health
11 564
11 147
12 329
-
total
37 253
36 836
38 018
-
Employer
92 693
85 378
106 420
-
pensions
6 451
5 942
7 386
-
health
6 441
5 935
7 375
-
unemployment
3 337
3 074
3 819
-
total
16 229
14 951
18 580
-
Corporate
16 078
24 672
-
-
income
3 216
4 935
-
-
total
3 216
4 935
-
-
Dividends
12 862
19 737
-
-
withholding
1 930
2 960
-
-
income
2 734
4 195
-
-
total
4 664
7 155
-
-
Income
125 000
125 000
125 000
125 000
Total tax
61 362
63 877
56 598
53 113
After tax
63 638
61 123
68 402
71 887
Living cost
55 440
55 440
55 440
55 440
Free-cash
8 198
5 683
12 962
16 447

Estimated living cost  is ₽55440 per week

₽40896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽636
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.
₽8957
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
₽38522
₽39420
₽53484
₽62050
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
-
-
-
125 000
social contributions
-
-
-
34 554
health
-
-
-
16 875
income
-
-
-
11 036
solidarity contribution
-
-
-
-
total
-
-
-
62 465
Employee
35 313
-
93 284
-
income
4 238
-
11 194
-
solidarity contribution
-
-
-
-
social contributions
2 295
-
6 063
-
health
4 767
-
12 593
-
total
11 300
-
29 850
-
Employer
35 313
-
93 284
-
health
3 178
-
8 396
-
social contributions
8 828
-
23 321
-
total
12 006
-
31 717
-
Corporate
77 680
125 000
-
-
income
14 759
23 750
-
-
total
14 759
23 750
-
-
Dividends
62 921
101 250
-
-
withholding
9 438
15 187
-
-
total
9 438
15 187
-
-
Income
125 000
125 000
125 000
125 000
Total tax
47 503
38 937
61 567
62 465
After tax
77 497
86 063
63 433
62 535
Living cost
24 013
24 013
24 013
24 013
Free-cash
53 484
62 050
39 420
38 522

Estimated living cost  is ₽24013 per week

₽16680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5153
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
₽20195
₽14250
₽19287
₽24506
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
-
-
-
125 000
social contributions
-
-
-
32 149
municipal
-
-
-
744
national
-
-
-
28 302
regional
-
-
-
1 423
total
-
-
-
62 618
Employee
88 855
-
125 000
-
national
15 396
-
24 501
-
social contributions
29 962
-
42 150
-
municipal
471
-
662
-
regional
838
-
1 250
-
total
46 667
-
68 563
-
Employer
88 855
-
125 000
-
total
-
-
-
-
Corporate
36 145
125 000
-
-
nationa
8 674
30 000
-
-
municipal
1 410
4 874
-
-
total
10 084
34 874
-
-
Dividends
26 061
90 126
-
-
withholding
6 775
23 433
-
-
total
6 775
23 433
-
-
Income
125 000
125 000
125 000
125 000
Total tax
63 526
58 307
68 563
62 618
After tax
61 474
66 693
56 437
62 382
Living cost
42 187
42 187
42 187
42 187
Free-cash
19 287
24 506
14 250
20 195

Estimated living cost  is ₽42187 per week

₽29408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽647
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.
₽9365
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
₽38330
₽36268
₽53452
₽56563
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
-
-
-
125 000
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 875
income
-
-
-
26 864
surtax
-
-
-
3 641
pensions
-
-
-
25 000
total
-
-
-
64 608
Employee
33 062
-
103 265
-
income
5 542
-
24 911
-
pensions
2 205
-
6 887
-
unemployment
2 301
-
7 187
-
health
844
-
2 633
-
other
-
-
-
-
surtax
108
-
3 316
-
total
11 000
-
44 934
-
Employer
33 062
-
103 265
-
pensions
4 407
-
13 765
-
other
-
-
-
-
health
1 505
-
4 698
-
unemployment
1 047
-
3 273
-
total
6 959
-
21 736
-
Corporate
84 978
125 000
-
-
income
22 094
32 500
-
-
total
22 094
32 500
-
-
Dividends
62 885
92 500
-
-
withholding
9 433
13 875
-
-
total
9 433
13 875
-
-
Income
125 000
125 000
125 000
125 000
Total tax
49 486
46 375
66 670
64 608
After tax
75 514
78 625
58 330
60 392
Living cost
22 062
22 062
22 062
22 062
Free-cash
53 452
56 563
36 268
38 330

Estimated living cost  is ₽22062 per week

₽13490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
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.
₽6028
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
₽40855
₽29251
₽39788
₽41495
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
-
-
-
125 000
income
-
-
-
30 185
pensions
-
-
-
8 006
total
-
-
-
38 191
Employee
63 781
-
109 676
-
income
11 487
-
22 450
-
pensions
5 414
-
10 230
-
health
926
-
1 792
-
total
17 827
-
34 472
-
Employer
63 781
-
109 676
-
pensions
6 904
-
13 239
-
health
1 212
-
2 084
-
total
8 116
-
15 323
-
Corporate
53 103
125 000
-
-
income

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

10 090
23 750
-
-
total
10 090
23 750
-
-
Dividends
43 013
101 250
-
-
withholding
3 225
13 801
-
-
total
3 225
13 801
-
-
Income
125 000
125 000
125 000
125 000
Total tax
39 258
37 551
49 795
38 191
After tax
85 742
87 449
75 205
86 809
Living cost
45 954
45 954
45 954
45 954
Free-cash
39 788
41 495
29 251
40 855

Estimated living cost  is ₽45954 per week

₽34429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3444
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.
₽7600
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
₽27564
₽21395
₽13920
-₽18415
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
-
-
-
125 000
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.

-
-
-
2 500
health
-
-
-
281
city
-
-
-
1 318
national
-
-
-
1 237
regional
-
-
-
5 025
pensions
-
-
-
11 501
total
-
-
-
21 862
Employee
88 441
-
111 883
-
pensions
7 430
-
9 396
-
national
419
-
968
-
unemployment
-
-
-
-
city
949
-
1 201
-
health
200
-
252
-
regional
2 896
-
4 328
-
total
11 894
-
16 145
-
Employer
88 441
-
111 883
-
pensions
7 430
-
9 396
-
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.

1 768
-
2 238
-
health
200
-
252
-
unemployment
-
-
-
-
total
9 398
-
11 886
-
Corporate
26 188
125 000
-
-
regional
5 540
26 437
-
-
national
2 226
10 625
-
-
total
7 766
37 062
-
-
Dividends
18 422
87 938
-
-
withholding
6 448
30 779
-
-
total
6 448
30 779
-
-
Income
125 000
125 000
125 000
125 000
Total tax
35 506
67 841
28 031
21 862
After tax
89 494
57 159
96 969
103 138
Living cost
75 574
75 574
75 574
75 574
Free-cash
13 920
-18 415
21 395
27 564

Estimated living cost  is ₽75574 per week

₽49145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽928
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.
₽18719
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
₽24119
₽37584
₽32255
₽16041
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.

-
-
-
125 000
trade
-
-
-
13 465
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.

-
-
-
6 830
income

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

-
-
-
32 971
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.

-
-
-
1 814
total
-
-
-
55 080
Employee

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

60 085
-
125 000
-
surtax

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

389
-
1 814
-
income

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

7 065
-
32 971
-
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.

6 830
-
6 830
-
total
14 284
-
41 615
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 915
125 000
-
-
trade
11 133
21 437
-
-
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.

535
1 032
-
-
income
9 737
18 751
-
-
chamber of commerce
243
328
-
-
total
21 648
41 548
-
-
Dividends
43 267
83 451
-
-
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.

575
1 127
-
-
withholding
10 437
20 483
-
-
total
11 012
21 610
-
-
Income
125 000
125 000
125 000
125 000
Total tax
46 944
63 158
41 615
55 080
After tax
78 056
61 842
83 385
69 920
Living cost
45 801
45 801
45 801
45 801
Free-cash
32 255
16 041
37 584
24 119

Estimated living cost  is ₽45801 per week

₽33451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽596
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.
₽8092
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
₽37064
₽40185
₽34698
₽28795
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
-
-
-
125 000
other
-
-
-
3 874
social contributions
-
-
-
3 563
health
-
-
-
3 690
income
-
-
-
15 443
surtax
-
-
-
-
pensions
-
-
-
27 160
total
-
-
-
53 730
Employee
42 789
-
99 658
-
income
2 525
-
16 730
-
pensions
4 838
-
5 696
-
social contributions
1 220
-
2 840
-
surtax
-
-
-
-
total
8 583
-
25 266
-
Employer
42 789
-
99 658
-
pensions
7 029
-
9 808
-
other
1 476
-
3 438
-
health
2 996
-
7 761
-
unemployment
1 732
-
4 036
-
social contributions
129
-
300
-
total
13 362
-
25 343
-
Corporate
68 848
125 000
-
-
surtax
-
-
-
-
income
19 278
34 999
-
-
total
19 278
34 999
-
-
Dividends
49 570
90 001
-
-
surtax
-
-
-
-
social contributions
8 528
15 480
-
-
withholding
6 345
11 520
-
-
total
14 873
27 000
-
-
Income
125 000
125 000
125 000
125 000
Total tax
56 096
61 999
50 609
53 730
After tax
68 904
63 001
74 391
71 270
Living cost
34 206
34 206
34 206
34 206
Free-cash
34 698
28 795
40 185
37 064

Estimated living cost  is ₽34206 per week

₽21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
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.
₽9276
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
₽40453
₽43574
₽37740
₽32184
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
-
-
-
125 000
other
-
-
-
3 874
social contributions
-
-
-
3 563
health
-
-
-
3 690
income
-
-
-
15 443
surtax
-
-
-
-
pensions
-
-
-
27 160
total
-
-
-
53 730
Employee
38 195
-
99 658
-
income
1 969
-
16 730
-
pensions
4 320
-
5 696
-
social contributions
1 089
-
2 840
-
surtax
-
-
-
-
total
7 378
-
25 266
-
Employer
38 195
-
99 658
-
pensions
6 276
-
9 808
-
other
1 319
-
3 438
-
health
2 673
-
7 761
-
unemployment
1 546
-
4 036
-
social contributions
114
-
300
-
total
11 928
-
25 343
-
Corporate
74 876
125 000
-
-
surtax
-
-
-
-
income
20 965
34 999
-
-
total
20 965
34 999
-
-
Dividends
53 911
90 001
-
-
surtax
-
-
-
-
social contributions
9 272
15 480
-
-
withholding
6 900
11 520
-
-
total
16 172
27 000
-
-
Income
125 000
125 000
125 000
125 000
Total tax
56 443
61 999
50 609
53 730
After tax
68 557
63 001
74 391
71 270
Living cost
30 817
30 817
30 817
30 817
Free-cash
37 740
32 184
43 574
40 453

Estimated living cost  is ₽30817 per week

₽17872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
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.
₽9230
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
₽59073
₽57997
₽55581
₽55062
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
-
-
-
125 000
social contributions
-
-
-
17 250
health
-
-
-
8 726
income
-
-
-
18 751
total
-
-
-
44 727
Employee
33 899
-
125 000
-
income
5 654
-
19 827
-
social contributions
4 679
-
17 250
-
health
2 366
-
8 726
-
total
12 699
-
45 803
-
Employer
33 899
-
125 000
-
total
-
-
-
-
Corporate
91 101
125 000
-
-
income

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

4 555
6 250
-
-
total
4 555
6 250
-
-
Dividends
86 546
118 750
-
-
social contributions
11 943
16 387
-
-
health
6 041
8 289
-
-
withholding
12 981
17 812
-
-
total
30 965
42 488
-
-
Income
125 000
125 000
125 000
125 000
Total tax
48 219
48 738
45 803
44 727
After tax
76 781
76 262
79 197
80 273
Living cost
21 200
21 200
21 200
21 200
Free-cash
55 581
55 062
57 997
59 073

Estimated living cost  is ₽21200 per week

₽14188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1307
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.
₽5216
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
₽27254
-₽529
₽32875
₽34425
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
-
-
-
125 000
chamber of commerce
-
-
-
501
unemployment
-
-
-
6 132
health
-
-
-
8 934
income
-
-
-
25 145
surtax
-
-
-
197
pensions
-
-
-
21 608
total
-
-
-
62 517
Employee
49 965
39 843
96 913
-
income
5 688
2 939
21 379
-
pensions
5 117
4 079
9 925
-
unemployment
1 499
1 195
2 907
-
health
1 933
1 542
3 751
-
other
499
398
970
-
total
14 736
10 153
38 932
-
Employer
49 965
39 843
96 913
-
pensions
6 271
5 001
12 163
-
other
2 373
1 892
4 603
-
accident
649
518
1 260
-
health
1 888
1 506
3 664
-
payroll
1 499
1 195
2 907
-
chamber of commerce
199
159
387
-
unemployment
1 499
1 195
2 907
-
surtax
197
197
197
-
total
14 575
11 663
28 088
-
Corporate
60 460
73 493
93 118
-
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.

15 116
18 373
23 280
-
total
15 116
18 373
23 280
-
Dividends
45 345
55 119
-
-
withholding
12 469
15 157
-
-
total
12 469
15 157
-
-
Income
125 000
125 000
125 000
125 000
Total tax
56 896
55 346
90 300
62 517
After tax
68 104
69 654
34 700
62 483
Living cost
35 229
35 229
35 229
35 229
Free-cash
32 875
34 425
-529
27 254

Estimated living cost  is ₽35229 per week

₽23496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
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.
₽8149
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
₽19622
₽10408
₽18564
₽33560
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
-
-
-
125 000
social contributions
-
-
-
19 895
communal

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

-
-
-
6 307
national
-
-
-
42 723
total
-
-
-
68 925
Employee

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

71 515
-
96 820
-
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.

5 364
-
7 261
-
national
21 987
-
32 252
-
unemployment

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

622
-
842
-
communal

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

3 730
-
5 051
-
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.

3 360
-
4 552
-
total
35 063
-
49 958
-
Employer

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

71 515
-
96 820
-
pensions

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

6 337
-
8 578
-
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.

930
-
1 258
-
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.

4 398
-
5 954
-
unemployment

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

1 044
-
1 413
-
surtax
8 109
-
10 978
-
total
20 818
-
28 181
-
Corporate
32 668
125 000
-
-
surtax
131
501
-
-
income
6 534
25 000
-
-
total
6 665
25 501
-
-
Dividends
26 003
99 499
-
-
withholding

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

7 437
29 486
-
-
total
7 437
29 486
-
-
Income
125 000
125 000
125 000
125 000
Total tax
69 983
54 987
78 139
68 925
After tax
55 017
70 013
46 861
56 075
Living cost
36 454
36 454
36 454
36 454
Free-cash
18 564
33 560
10 408
19 622

Estimated living cost  is ₽36454 per week

₽23481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
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.
₽9215
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
₽33286
₽28480
₽40092
₽47831
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
-
-
-
125 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
27 807
pensions
-
-
-
26 224
total
-
-
-
55 608
Employee
49 767
-
95 457
-
income
10 501
-
24 986
-
pensions
2 339
-
4 356
-
unemployment
772
-
1 436
-
other
49
-
93
-
total
13 661
-
30 871
-
Employer
49 767
-
95 457
-
pensions
11 744
-
21 870
-
other
397
-
742
-
accident
985
-
1 835
-
unemployment
2 738
-
5 096
-
total
15 864
-
29 543
-
Corporate
59 370
125 000
-
-
income

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

8 906
18 751
-
-
total
8 906
18 751
-
-
Dividends
50 464
106 249
-
-
withholding
10 371
22 312
-
-
total
10 371
22 312
-
-
Income
125 000
125 000
125 000
125 000
Total tax
48 802
41 063
60 414
55 608
After tax
76 198
83 937
64 586
69 392
Living cost
36 106
36 106
36 106
36 106
Free-cash
40 092
47 831
28 480
33 286

Estimated living cost  is ₽36106 per week

₽26588
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.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6436
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
₽13191
₽18175
₽11466
₽21121
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
-
-
-
125 000
accident
-
-
-
1 053
health
-
-
-
8 783
income
-
-
-
14 808
communal
-
-
-
7 900
surtax
-
-
-
6 197
pensions
-
-
-
18 736
total
-
-
-
57 477
Employee
75 713
-
111 656
-
income
7 313
-
18 405
-
pensions
6 056
-
8 932
-
health
3 370
-
4 969
-
surtax
4 641
-
6 843
-
total
21 380
-
39 149
-
Employer
75 713
-
111 656
-
pensions
6 056
-
8 932
-
accident
681
-
1 006
-
health
2 309
-
3 406
-
total
9 046
-
13 344
-
Corporate
40 241
125 000
-
-
communal
2 717
8 437
-
-
surtax
423
1 313
-
-
income
6 035
18 751
-
-
total
9 175
28 501
-
-
Dividends
31 066
96 499
-
-
withholding
4 660
14 474
-
-
income
14 941
6 572
-
-
total
19 601
21 046
-
-
Income
125 000
125 000
125 000
125 000
Total tax
59 202
49 547
52 493
57 477
After tax
65 798
75 453
72 507
67 523
Living cost
54 332
54 332
54 332
54 332
Free-cash
11 466
21 121
18 175
13 191

Estimated living cost  is ₽54332 per week

₽40757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9706
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
₽37936
₽35874
₽52990
₽56169
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
-
-
-
125 000
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
8 875
income
-
-
-
26 864
surtax
-
-
-
3 641
pensions
-
-
-
25 000
total
-
-
-
64 608
Employee
33 669
-
103 265
-
income
5 644
-
24 911
-
pensions
2 246
-
6 887
-
unemployment
2 343
-
7 187
-
health
859
-
2 633
-
other
-
-
-
-
surtax
120
-
3 316
-
total
11 212
-
44 934
-
Employer
33 669
-
103 265
-
pensions
4 489
-
13 765
-
other
-
-
-
-
health
1 531
-
4 698
-
unemployment
1 068
-
3 273
-
total
7 088
-
21 736
-
Corporate
84 243
125 000
-
-
income
21 902
32 500
-
-
total
21 902
32 500
-
-
Dividends
62 340
92 500
-
-
withholding
9 352
13 875
-
-
total
9 352
13 875
-
-
Income
125 000
125 000
125 000
125 000
Total tax
49 554
46 375
66 670
64 608
After tax
75 446
78 625
58 330
60 392
Living cost
22 456
22 456
22 456
22 456
Free-cash
52 990
56 169
35 874
37 936

Estimated living cost  is ₽22456 per week

₽13558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1952
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.
₽6426
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
₽34988
₽29073
₽36550
₽38772
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
-
-
-
125 000
social contributions
-
-
-
32 149
municipal
-
-
-
744
national
-
-
-
28 302
regional
-
-
-
1 885
total
-
-
-
63 080
Employee
55 460
-
125 000
-
national
8 786
-
24 501
-
social contributions
18 701
-
42 150
-
municipal
294
-
662
-
regional
747
-
1 682
-
total
28 528
-
68 995
-
Employer
55 460
-
125 000
-
total
-
-
-
-
Corporate
69 540
125 000
-
-
nationa
16 690
30 000
-
-
municipal
3 457
6 212
-
-
total
20 147
36 212
-
-
Dividends
49 393
88 788
-
-
withholding
12 843
23 084
-
-
total
12 843
23 084
-
-
Income
125 000
125 000
125 000
125 000
Total tax
61 518
59 296
68 995
63 080
After tax
63 482
65 704
56 005
61 920
Living cost
26 932
26 932
26 932
26 932
Free-cash
36 550
38 772
29 073
34 988

Estimated living cost  is ₽26932 per week

₽16749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
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.
₽6993
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
₽32945
₽33843
₽45916
₽56473
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
-
-
-
125 000
social contributions
-
-
-
34 554
health
-
-
-
16 875
income
-
-
-
11 036
solidarity contribution
-
-
-
-
total
-
-
-
62 465
Employee
43 515
-
93 284
-
income
5 222
-
11 194
-
solidarity contribution
-
-
-
-
social contributions
2 828
-
6 063
-
health
5 875
-
12 593
-
total
13 925
-
29 850
-
Employer
43 515
-
93 284
-
health
3 916
-
8 396
-
social contributions
10 879
-
23 321
-
total
14 795
-
31 717
-
Corporate
66 690
125 000
-
-
income
12 671
23 750
-
-
total
12 671
23 750
-
-
Dividends
54 018
101 250
-
-
withholding
8 103
15 187
-
-
total
8 103
15 187
-
-
Income
125 000
125 000
125 000
125 000
Total tax
49 494
38 937
61 567
62 465
After tax
75 506
86 063
63 433
62 535
Living cost
29 590
29 590
29 590
29 590
Free-cash
45 916
56 473
33 843
32 945

Estimated living cost  is ₽29590 per week

₽22005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5434
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
₽30783
₽2840
₽37366
₽37862
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
-
-
-
125 000
chamber of commerce
-
-
-
501
unemployment
-
-
-
6 132
health
-
-
-
8 934
income
-
-
-
25 145
surtax
-
-
-
-
pensions
-
-
-
21 608
total
-
-
-
62 320
Employee
43 704
39 843
97 063
-
income
3 893
2 939
21 430
-
pensions
4 476
4 079
9 940
-
unemployment
1 311
1 195
2 912
-
health
1 690
1 542
3 757
-
other
436
398
971
-
total
11 806
10 153
39 010
-
Employer
43 704
39 843
97 063
-
pensions
5 485
5 001
12 181
-
other
2 076
1 892
4 610
-
accident
567
518
1 262
-
health
1 653
1 506
3 669
-
payroll
1 311
1 195
2 912
-
chamber of commerce
175
159
389
-
unemployment
1 311
1 195
2 912
-
surtax
-
-
-
-
total
12 578
11 466
27 935
-
Corporate
68 719
73 690
93 270
-
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.

17 180
18 423
23 318
-
total
17 180
18 423
23 318
-
Dividends
51 540
55 267
-
-
withholding
14 173
15 199
-
-
total
14 173
15 199
-
-
Income
125 000
125 000
125 000
125 000
Total tax
55 737
55 241
90 263
62 320
After tax
69 263
69 759
34 737
62 680
Living cost
31 897
31 897
31 897
31 897
Free-cash
37 366
37 862
2 840
30 783

Estimated living cost  is ₽31897 per week

₽19134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3258
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.
₽8936
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
₽109708
₽85958
₽102075
₽104708
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%.

-
-
-
125 000
microenterprise

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

-
-
-
1 250
total
-
-
-
1 250
Employee
17 552
-
125 000
-
income
3 511
-
25 000
-
total
3 511
-
25 000
-
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%.

107 448
125 000
-
-
total
-
-
-
-
Dividends
107 448
125 000
-
-
withholding
5 372
6 250
-
-
total
5 372
6 250
-
-
Income
125 000
125 000
125 000
125 000
Total tax
8 883
6 250
25 000
1 250
After tax
116 117
118 750
100 000
123 750
Living cost
14 042
14 042
14 042
14 042
Free-cash
102 075
104 708
85 958
109 708

Estimated living cost  is ₽14042 per week

₽9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
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.
₽3479
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
₽36758
₽33175
₽50883
₽59246
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.

-
-
-
125 000
unemployment
-
-
-
188
health
-
-
-
12 300
income
-
-
-
26 110
pensions
-
-
-
22 828
total
-
-
-
61 426
Employee

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

44 211
-
108 160
-
income
7 624
-
24 264
-
pensions
6 853
-
16 764
-
unemployment
63
-
152
-
health
2 855
-
6 988
-
total
17 395
-
48 168
-
Employer

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

44 211
-
108 160
-
pensions
3 912
-
9 572
-
health
2 945
-
7 204
-
unemployment
27
-
65
-
total
6 884
-
16 841
-
Corporate
73 906
125 000
-
-
income
14 042
23 750
-
-
total
14 042
23 750
-
-
Dividends
59 864
101 250
-
-
withholding
8 980
15 188
-
-
total
8 980
15 188
-
-
Income
125 000
125 000
125 000
125 000
Total tax
47 301
38 938
65 009
61 426
After tax
77 699
86 062
59 991
63 574
Living cost
26 816
26 816
26 816
26 816
Free-cash
50 883
59 246
33 175
36 758

Estimated living cost  is ₽26816 per week

₽18404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6176
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
₽43336
₽68826
-₽23762
₽33001
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
-
-
-
125 000
social contributions
-
-
-
14 250
income
-
-
-
24 365
total
-
-
-
38 615
Employee
61 727
-
-
-
income
13 616
-
-
-
social contributions
5 062
-
721
-
total
18 678
-
721
-
Employer
61 727
-
-
-
social contributions
87 035
-
12 404
-
total
87 035
-
12 404
-
Corporate
-
125 000
-
-
income
-
27 500
-
-
total
-
27 500
-
-
Dividends
-
97 500
-
-
income
-
21 450
-
-
total
-
21 450
-
-
Income
125 000
125 000
125 000
125 000
Total tax
105 713
48 950
13 125
38 615
After tax
19 287
76 050
111 875
86 385
Living cost
43 049
43 049
43 049
43 049
Free-cash
-23 762
33 001
68 826
43 336

Estimated living cost  is ₽43049 per week

₽27932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
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.
₽10520
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
₽37293
₽29388
₽38734
₽39740
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.

-
-
-
125 000
social contributions

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

-
-
-
43 438
income
-
-
-
12 909
surtax
-
-
-
-
total
-
-
-
56 347
Employee
45 982
-
101 011
-
income
9 564
-
29 153
-
social contributions
5 058
-
11 110
-
surtax
-
-
-
-
total
14 622
-
40 263
-
Employer
45 982
-
101 011
-
social contributions
10 921
-
23 989
-
total
10 921
-
23 989
-
Corporate
68 097
125 000
-
-
surtax
-
-
-
-
income
14 300
26 251
-
-
total
14 300
26 251
-
-
Dividends
53 797
98 749
-
-
withholding
15 063
27 649
-
-
total
15 063
27 649
-
-
Income
125 000
125 000
125 000
125 000
Total tax
54 906
53 900
64 252
56 347
After tax
70 094
71 100
60 748
68 653
Living cost
31 360
31 360
31 360
31 360
Free-cash
38 734
39 740
29 388
37 293

Estimated living cost  is ₽31360 per week

₽23464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5523
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
₽22982
₽26103
₽21584
₽14713
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
-
-
-
125 000
other
-
-
-
3 874
social contributions
-
-
-
3 563
health
-
-
-
3 690
income
-
-
-
15 443
surtax
-
-
-
-
pensions
-
-
-
27 160
total
-
-
-
53 730
Employee
62 618
-
99 658
-
income
5 464
-
16 730
-
pensions
7 083
-
5 696
-
social contributions
1 783
-
2 840
-
surtax
-
-
-
-
total
14 330
-
25 266
-
Employer
62 618
-
99 658
-
pensions
10 289
-
9 808
-
other
2 161
-
3 438
-
health
4 383
-
7 761
-
unemployment
2 537
-
4 036
-
social contributions
188
-
300
-
total
19 558
-
25 343
-
Corporate
42 824
125 000
-
-
surtax
-
-
-
-
income
11 991
34 999
-
-
total
11 991
34 999
-
-
Dividends
30 834
90 001
-
-
surtax
-
-
-
-
social contributions
5 303
15 480
-
-
withholding
3 946
11 520
-
-
total
9 249
27 000
-
-
Income
125 000
125 000
125 000
125 000
Total tax
55 128
61 999
50 609
53 730
After tax
69 872
63 001
74 391
71 270
Living cost
48 288
48 288
48 288
48 288
Free-cash
21 584
14 713
26 103
22 982

Estimated living cost  is ₽48288 per week

₽32681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽662
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.
₽10995
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
₽63769
₽67091
₽79088
₽82448
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
-
-
-
125 000
social contributions
-
-
-
27 499
income
-
-
-
3 679
total
-
-
-
31 178
Employee
32 142
-
108 224
-
social contributions
2 089
-
7 033
-
income
-
-
4 047
-
total
2 089
-
11 080
-
Employer
32 142
-
108 224
-
social contributions
4 982
-
16 776
-
total
4 982
-
16 776
-
Corporate
87 876
125 000
-
-
income
8 788
12 499
-
-
total
8 788
12 499
-
-
Dividends
79 087
112 501
-
-
total
-
-
-
-
Income
125 000
125 000
125 000
125 000
Total tax
15 859
12 499
27 856
31 178
After tax
109 141
112 501
97 144
93 822
Living cost
30 053
30 053
30 053
30 053
Free-cash
79 088
82 448
67 091
63 769

Estimated living cost  is ₽30053 per week

₽19432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
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.
₽7790
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
₽27875
-₽92925
-₽92925
-₽92925
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
-
-
-
125 000
municipal
-
-
-
24 518
national
-
-
-
13 638
labour market
-
-
-
9 931
pensions
-
-
-
867
total
-
-
-
48 954
Employee
203 317
203 317
203 317
-
labour market
16 242
16 242
16 242
-
pensions
289
289
289
-
national
24 839
24 839
24 839
-
municipal
43 295
43 295
43 295
-
total
84 665
84 665
84 665
-
Employer
203 317
203 317
203 317
-
pensions
578
578
578
-
municipal
43 364
43 364
43 364
-
national
24 882
24 882
24 882
-
labour market
16 265
16 265
16 265
-
total
85 089
85 089
85 089
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
125 000
125 000
125 000
125 000
Total tax
169 754
169 754
169 754
48 954
After tax
-44 754
-44 754
-44 754
76 046
Living cost
48 171
48 171
48 171
48 171
Free-cash
-92 925
-92 925
-92 925
27 875

Estimated living cost  is ₽48171 per week

₽32969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽741
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.
₽10200
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
₽64041
₽44534
₽6814
-₽11466
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
-
-
-
125 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
32 430
pensions
-
-
-
4 145
total
-
-
-
39 368
Employee
33 964
-
109 513
-
income
4 659
-
23 250
-
pensions
3 825
-
7 600
-
health
3 889
-
12 539
-
total
12 373
-
43 389
-
Employer
33 964
-
109 513
-
pensions
5 522
-
10 974
-
accident
567
-
1 829
-
unemployment
832
-
2 683
-
total
6 921
-
15 486
-
Corporate
84 114
125 000
-
-
income

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

75 703
112 500
-
-
total
75 703
112 500
-
-
Dividends
8 411
12 500
-
-
withholding
1 598
2 375
-
-
total
1 598
2 375
-
-
Income
125 000
125 000
125 000
125 000
Total tax
96 595
114 875
58 875
39 368
After tax
28 405
10 125
66 125
85 632
Living cost
21 591
21 591
21 591
21 591
Free-cash
6 814
-11 466
44 534
64 041

Estimated living cost  is ₽21591 per week

₽15716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1231
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
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.
₽4239
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
₽47576
₽30438
₽42987
₽42818
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

-
-
-
125 000
municipal
-
-
-
22 229
health
-
-
-
1 508
national
-
-
-
15 303
total
-
-
-
39 040
Employee
52 601
-
105 158
-
pensions
3 550
-
7 098
-
national
869
-
9 308
-
municipal
8 616
-
17 151
-
unemployment
789
-
1 577
-
health
393
-
1 203
-
total
14 217
-
36 337
-
Employer
52 601
-
105 158
-
pensions
9 126
-
18 244
-
accident
53
-
104
-
health
404
-
810
-
unemployment
342
-
683
-
total
9 925
-
19 841
-
Corporate
62 475
125 000
-
-
income
12 495
25 000
-
-
total
12 495
25 000
-
-
Dividends

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

37 484
75 000
-
-
municipal
6 747
13 499
-
-
national
245
5 299
-
-
total
6 992
18 798
-
-
Income
125 000
125 000
125 000
125 000
Total tax
43 629
43 798
56 178
39 040
After tax
81 371
81 202
68 822
85 960
Living cost
38 384
38 384
38 384
38 384
Free-cash
42 987
42 818
30 438
47 576

Estimated living cost  is ₽38384 per week

₽25073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽64440
₽63105
₽62765
₽68207
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
-
-
-
125 000
social contributions
-
-
-
16 176
health
-
-
-
3 187
income
-
-
-
18 049
total
-
-
-
37 412
Employee
76 879
76 879
114 280
-
income
8 371
7 117
17 478
-
social contributions
2 907
6 381
8 606
-
health
596
1 307
1 943
-
total
11 874
14 805
28 027
-
Employer
76 879
76 879
114 280
-
health
647
1 423
2 114
-
social contributions
2 907
6 381
8 606
-
total
3 554
7 804
10 720
-
Corporate
86 425
40 318
-
-
income
10 803
5 039
-
-
total
10 803
5 039
-
-
Dividends
75 622
35 279
-
-
withholding
12 856
5 997
-
-
total
12 856
5 997
-
-
Income
125 000
125 000
125 000
125 000
Total tax
39 087
33 645
38 747
37 412
After tax
85 913
91 355
86 253
87 588
Living cost
23 148
23 148
23 148
23 148
Free-cash
62 765
68 207
63 105
64 440

Estimated living cost  is ₽23148 per week

₽13873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽86824
₽66771
₽82552
₽87637
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
-
-
-
125 000
unemployment
-
-
-
28
health
-
-
-
3 618
income
-
-
-
12 296
pensions
-
-
-
6 360
total
-
-
-
22 302
Employee

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

22 948
-
115 229
-
income
1 569
-
9 817
-
pensions
3 442
-
14 230
-
unemployment
114
-
474
-
health
1 950
-
8 063
-
total
7 075
-
32 584
-
Employer

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

22 948
-
115 229
-
pensions
1 262
-
5 218
-
health
987
-
4 079
-
unemployment
114
-
474
-
total
2 363
-
9 771
-
Corporate
99 689
125 000
-
-
income
8 972
11 251
-
-
total
8 972
11 251
-
-
Dividends
90 717
113 749
-
-
withholding
8 164
10 238
-
-
total
8 164
10 238
-
-
Income
125 000
125 000
125 000
125 000
Total tax
26 574
21 489
42 355
22 302
After tax
98 426
103 511
82 645
102 698
Living cost
15 874
15 874
15 874
15 874
Free-cash
82 552
87 637
66 771
86 824

Estimated living cost  is ₽15874 per week

₽10128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4128
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
₽41899
₽37093
₽51428
₽56444
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
-
-
-
125 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
27 807
pensions
-
-
-
26 224
total
-
-
-
55 608
Employee
36 968
-
95 457
-
income
7 127
-
24 986
-
pensions
1 738
-
4 356
-
unemployment
573
-
1 436
-
other
36
-
93
-
total
9 474
-
30 871
-
Employer
36 968
-
95 457
-
pensions
8 724
-
21 870
-
other
296
-
742
-
accident
732
-
1 835
-
unemployment
2 034
-
5 096
-
total
11 786
-
29 543
-
Corporate
76 246
125 000
-
-
income

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

11 437
18 751
-
-
total
11 437
18 751
-
-
Dividends
64 809
106 249
-
-
withholding
13 382
22 312
-
-
total
13 382
22 312
-
-
Income
125 000
125 000
125 000
125 000
Total tax
46 079
41 063
60 414
55 608
After tax
78 921
83 937
64 586
69 392
Living cost
27 493
27 493
27 493
27 493
Free-cash
51 428
56 444
37 093
41 899

Estimated living cost  is ₽27493 per week

₽18557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
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.
₽5811
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
₽76904
₽76708
₽74812
₽75262
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
-
-
-
125 000
health
-
-
-
1 448
income
-
-
-
41 913
pensions
-
-
-
1 997
total
-
-
-
45 358
Employee
4 171
-
122 753
-
income
807
-
41 808
-
pensions
375
-
899
-
unemployment
42
-
100
-
health
209
-
499
-
total
1 433
-
43 306
-
Employer
4 171
-
122 753
-
pensions
459
-
1 099
-
health
396
-
949
-
unemployment
83
-
200
-
total
938
-
2 248
-
Corporate
119 891
125 000
-
-
income
26 376
27 500
-
-
total
26 376
27 500
-
-
Dividends
93 515
97 500
-
-
withholding
18 703
19 500
-
-
total
18 703
19 500
-
-
Income
125 000
125 000
125 000
125 000
Total tax
47 450
47 000
45 554
45 358
After tax
77 550
78 000
79 446
79 642
Living cost
2 738
2 738
2 738
2 738
Free-cash
74 812
75 262
76 708
76 904

Estimated living cost  is ₽2738 per week

₽1627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽826
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
₽52700
₽52700
₽68099
₽73020
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.

-
-
-
125 000
unemployment
-
-
-
1 108
health
-
-
-
7 612
income
-
-
-
27 073
pensions
-
-
-
19 214
total
-
-
-
55 007
Employee

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

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

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

26 076
-
111 772
-
income
3 594
-
27 073
-
pensions
3 651
-
10 346
-
unemployment
196
-
554
-
health
1 343
-
3 806
-
total
8 784
-
41 779
-
Employer

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

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

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

26 076
-
111 772
-
pensions
3 129
-
8 868
-
health
1 343
-
3 806
-
unemployment
196
-
554
-
total
4 668
-
13 228
-
Corporate
94 256
125 000
-
-
income
14 138
18 750
-
-
total
14 138
18 750
-
-
Dividends
80 118
106 250
-
-
withholding
12 018
15 937
-
-
total
12 018
15 937
-
-
Income
125 000
125 000
125 000
125 000
Total tax
39 608
34 687
55 007
55 007
After tax
85 392
90 313
69 993
69 993
Living cost
17 293
17 293
17 293
17 293
Free-cash
68 099
73 020
52 700
52 700

Estimated living cost  is ₽17293 per week

₽11643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
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.
₽3811
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
₽41700
₽33795
₽43786
₽44147
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.

-
-
-
125 000
social contributions

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

-
-
-
43 438
income
-
-
-
12 909
surtax
-
-
-
-
total
-
-
-
56 347
Employee
38 804
-
101 011
-
income
7 582
-
29 153
-
social contributions
4 269
-
11 110
-
surtax
-
-
-
-
total
11 851
-
40 263
-
Employer
38 804
-
101 011
-
social contributions
9 215
-
23 989
-
total
9 215
-
23 989
-
Corporate
76 981
125 000
-
-
surtax
-
-
-
-
income
16 167
26 251
-
-
total
16 167
26 251
-
-
Dividends
60 814
98 749
-
-
withholding
17 028
27 649
-
-
total
17 028
27 649
-
-
Income
125 000
125 000
125 000
125 000
Total tax
54 261
53 900
64 252
56 347
After tax
70 739
71 100
60 748
68 653
Living cost
26 954
26 954
26 954
26 954
Free-cash
43 786
44 147
33 795
41 700

Estimated living cost  is ₽26954 per week

₽19090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
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.
₽5513
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
₽34255
₽29449
₽41404
₽48800
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
-
-
-
125 000
other
-
-
-
93
unemployment
-
-
-
649
accident
-
-
-
835
income
-
-
-
27 807
pensions
-
-
-
26 224
total
-
-
-
55 608
Employee
48 285
-
95 457
-
income
10 085
-
24 986
-
pensions
2 269
-
4 356
-
unemployment
748
-
1 436
-
other
47
-
93
-
total
13 149
-
30 871
-
Employer
48 285
-
95 457
-
pensions
11 395
-
21 870
-
other
387
-
742
-
accident
956
-
1 835
-
unemployment
2 656
-
5 096
-
total
15 394
-
29 543
-
Corporate
61 320
125 000
-
-
income

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

9 198
18 751
-
-
total
9 198
18 751
-
-
Dividends
52 122
106 249
-
-
withholding
10 718
22 312
-
-
total
10 718
22 312
-
-
Income
125 000
125 000
125 000
125 000
Total tax
48 459
41 063
60 414
55 608
After tax
76 541
83 937
64 586
69 392
Living cost
35 137
35 137
35 137
35 137
Free-cash
41 404
48 800
29 449
34 255

Estimated living cost  is ₽35137 per week

₽25234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
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.
₽6677
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
₽79720
₽84072
₽83578
₽89672
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
-
-
-
125 000
unemployment
-
-
-
140
health
-
-
-
4 017
income
-
-
-
18 750
pensions

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

-
-
-
5 170
total
-
-
-
28 077
Employee
22 779
-
118 147
-
income
2 278
-
11 814
-
pensions

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

2 000
-
3 067
-
health
1 048
-
1 607
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
total
5 576
-
16 872
-
Employer
22 779
-
118 147
-
pensions

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

2 510
-
3 849
-
accident

We are using the highest rate at 1.1%.

250
-
384
-
health
1 572
-
2 410
-
unemployment
137
-
210
-
total
4 469
-
6 853
-
Corporate
97 752
125 000
-
-
income
9 775
12 500
-
-
total
9 775
12 500
-
-
Dividends
87 977
112 500
-
-
withholding
4 399
5 625
-
-
total
4 399
5 625
-
-
Income
125 000
125 000
125 000
125 000
Total tax
24 219
18 125
23 725
28 077
After tax
100 781
106 875
101 275
96 923
Living cost
17 203
17 203
17 203
17 203
Free-cash
83 578
89 672
84 072
79 720

Estimated living cost  is ₽17203 per week

₽11378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4430
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
₽33518
₽44786
₽38895
₽25815
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.

-
-
-
125 000
trade
-
-
-
11 268
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.

-
-
-
6 830
income

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

-
-
-
32 971
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.

-
-
-
1 814
total
-
-
-
52 883
Employee

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

49 746
-
125 000
-
surtax

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

226
-
1 814
-
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.

4 091
-
32 971
-
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.

6 830
-
6 830
-
total
11 147
-
41 615
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 254
125 000
-
-
trade
10 799
17 937
-
-
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.

620
1 032
-
-
income
11 289
18 751
-
-
chamber of commerce
262
336
-
-
total
22 970
38 056
-
-
Dividends
52 284
86 944
-
-
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.

698
1 174
-
-
withholding
12 691
21 356
-
-
total
13 389
22 530
-
-
Income
125 000
125 000
125 000
125 000
Total tax
47 506
60 586
41 615
52 883
After tax
77 494
64 414
83 385
72 117
Living cost
38 599
38 599
38 599
38 599
Free-cash
38 895
25 815
44 786
33 518

Estimated living cost  is ₽38599 per week

₽26626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
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.
₽7259
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
₽22928
₽22928
₽32756
₽30548
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
-
-
-
125 000
social contributions
-
-
-
11 644
income
-
-
-
33 476
total
-
-
-
45 120
Employee
78 205
-
125 000
-
social contributions
6 497
-
11 644
-
income
14 757
-
33 476
-
total
21 254
-
45 120
-
Employer
78 205
-
125 000
-
total
-
-
-
-
Corporate
46 795
125 000
-
-
income
5 849
15 624
-
-
total
5 849
15 624
-
-
Dividends
40 945
109 376
-
-
withholding
8 189
21 876
-
-
total
8 189
21 876
-
-
Income
125 000
125 000
125 000
125 000
Total tax
35 292
37 500
45 120
45 120
After tax
89 708
87 500
79 880
79 880
Living cost
56 952
56 952
56 952
56 952
Free-cash
32 756
30 548
22 928
22 928

Estimated living cost  is ₽56952 per week

₽43328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
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.
₽8439
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
₽53572
₽55703
₽43169
₽39677
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.

-
-
-
125 000
health

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

-
-
-
6 677
income
-
-
-
28 459
total
-
-
-
35 136
Employee
45 864
-
120 401
-
social contributions
4 595
-
4 599
-
income
4 977
-
23 807
-
total
9 572
-
28 406
-
Employer
45 864
-
120 401
-
social contributions
4 595
-
4 599
-
total
4 595
-
4 599
-
Corporate
74 541
125 000
-
-
income
26 090
43 749
-
-
total
26 090
43 749
-
-
Dividends
48 451
81 251
-
-
social contributions
5 282
5 282
-
-
total
5 282
5 282
-
-
Income
125 000
125 000
125 000
125 000
Total tax
45 539
49 031
33 005
35 136
After tax
79 461
75 969
91 995
89 864
Living cost
36 292
36 292
36 292
36 292
Free-cash
43 169
39 677
55 703
53 572

Estimated living cost  is ₽36292 per week

₽23906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
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.
₽8968
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
₽49450
₽37846
₽50623
₽50090
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
-
-
-
125 000
income
-
-
-
30 185
pensions
-
-
-
8 006
total
-
-
-
38 191
Employee
51 281
-
109 676
-
income
9 339
-
22 450
-
pensions
3 914
-
10 230
-
health
669
-
1 792
-
total
13 922
-
34 472
-
Employer
51 281
-
109 676
-
pensions
5 181
-
13 239
-
health
975
-
2 084
-
total
6 156
-
15 323
-
Corporate
67 563
125 000
-
-
income

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

12 836
23 750
-
-
total
12 836
23 750
-
-
Dividends
54 727
101 250
-
-
withholding
4 104
13 801
-
-
total
4 104
13 801
-
-
Income
125 000
125 000
125 000
125 000
Total tax
37 018
37 551
49 795
38 191
After tax
87 982
87 449
75 205
86 809
Living cost
37 359
37 359
37 359
37 359
Free-cash
50 623
50 090
37 846
49 450

Estimated living cost  is ₽37359 per week

₽25628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₽61904
₽42397
₽6486
-₽13603
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
-
-
-
125 000
other
-
-
-
369
accident
-
-
-
252
health
-
-
-
2 172
income
-
-
-
32 430
pensions
-
-
-
4 145
total
-
-
-
39 368
Employee
37 326
-
109 513
-
income
5 121
-
23 250
-
pensions
4 203
-
7 600
-
health
4 274
-
12 539
-
total
13 598
-
43 389
-
Employer
37 326
-
109 513
-
pensions
6 069
-
10 974
-
accident
623
-
1 829
-
unemployment
914
-
2 683
-
total
7 606
-
15 486
-
Corporate
80 068
125 000
-
-
income

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

72 061
112 500
-
-
total
72 061
112 500
-
-
Dividends
8 007
12 500
-
-
withholding
1 521
2 375
-
-
total
1 521
2 375
-
-
Income
125 000
125 000
125 000
125 000
Total tax
94 786
114 875
58 875
39 368
After tax
30 214
10 125
66 125
85 632
Living cost
23 728
23 728
23 728
23 728
Free-cash
6 486
-13 603
42 397
61 904

Estimated living cost  is ₽23728 per week

₽17414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
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.
₽4454
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
₽57287
₽69683
₽87010
₽91686
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.

-
-
-
125 000
work injury
-
-
-
625
unemployment
-
-
-
1 500
income
-
-
-
19 837
health insurance
-
-
-
9 250
pensions
-
-
-
23 000
total
-
-
-
54 212
Employee

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

21 601
-
125 000
-
income
2 160
-
19 837
-
work injury
108
-
400
-
pensions
3 975
-
14 706
-
unemployment
259
-
959
-
health insurance
1 598
-
5 914
-
total
8 100
-
41 816
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
103 399
125 000
-
-
income

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

1 034
1 250
-
-
total
1 034
1 250
-
-
Dividends
102 365
123 750
-
-
withholding
15 355
18 563
-
-
total
15 355
18 563
-
-
Income
125 000
125 000
125 000
125 000
Total tax
24 489
19 813
41 816
54 212
After tax
100 511
105 187
83 184
70 788
Living cost
13 501
13 501
13 501
13 501
Free-cash
87 010
91 686
69 683
57 287

Estimated living cost  is ₽13501 per week

₽8364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽421
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.
₽3735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽21158
₽15440
₽21465
₽26011
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
-
-
-
125 000
social contributions
-
-
-
32 149
municipal
-
-
-
835
national
-
-
-
28 302
regional
-
-
-
2 727
total
-
-
-
64 013
Employee
84 248
-
125 000
-
national
14 237
-
24 501
-
social contributions
28 408
-
42 150
-
municipal
503
-
746
-
regional
1 272
-
2 334
-
total
44 420
-
69 731
-
Employer
84 248
-
125 000
-
total
-
-
-
-
Corporate
40 752
125 000
-
-
nationa
9 780
30 000
-
-
municipal
1 964
6 026
-
-
total
11 744
36 026
-
-
Dividends
29 008
88 974
-
-
withholding
7 542
23 134
-
-
total
7 542
23 134
-
-
Income
125 000
125 000
125 000
125 000
Total tax
63 706
59 160
69 731
64 013
After tax
61 294
65 840
55 269
60 987
Living cost
39 829
39 829
39 829
39 829
Free-cash
21 465
26 011
15 440
21 158

Estimated living cost  is ₽39829 per week

₽27977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8509
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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