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
₽ 126000
per

Your estimated
City
free-cash

Dresden , Germany
₽33168
₽53562
₽41082
₽44297
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.

-
-
-
126 000
income

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

-
-
-
33 274
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.

-
-
-
1 830
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.

-
-
-
6 871
trade
-
-
-
12 480
total
-
-
-
54 455
Employee

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

38 468
-
126 000
-
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
-
1 830
-
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.

1 075
-
33 274
-
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.

6 871
-
6 871
-
total
8 005
-
41 975
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
87 532
126 000
-
-
income
13 129
18 901
-
-
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.

721
1 040
-
-
chamber of commerce
279
334
-
-
trade
13 786
19 846
-
-
total
27 915
40 121
-
-
Dividends
59 617
85 879
-
-
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.

798
1 160
-
-
withholding
14 522
21 088
-
-
total
15 320
22 248
-
-
Income
126 000
126 000
126 000
126 000
Total tax
51 240
62 369
41 975
54 455
After tax
74 760
63 631
84 025
71 545
Living cost
30 463
30 463
30 463
30 463
Free-cash
44 297
33 168
53 562
41 082

Estimated living cost  is ₽30463 per week

₽19162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3552
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.
₽7180
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
₽25213
₽22987
₽21998
₽24324
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
-
-
-
126 000
social contributions
-
-
-
1 355
municipal
-
-
-
13 381
national
-
-
-
20 735
pensions
-
-
-
15 120
total
-
-
-
50 591
Employee
82 797
-
108 926
-
municipal
10 227
-
13 869
-
pensions
3 312
-
4 357
-
national
15 847
-
21 491
-
total
29 386
-
39 717
-
Employer
82 797
-
108 926
-
pensions
6 624
-
8 714
-
social contributions
890
-
1 171
-
total
7 514
-
9 885
-
Corporate
30 225
126 000
-
-
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%.

6 045
25 200
-
-
total
6 045
25 200
-
-
Dividends
24 180
100 800
-
-
withholding
5 320
22 176
-
-
total
5 320
22 176
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 265
47 376
49 602
50 591
After tax
77 735
78 624
76 398
75 409
Living cost
53 411
53 411
53 411
53 411
Free-cash
24 324
25 213
22 987
21 998

Estimated living cost  is ₽53411 per week

₽36303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽799
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.
₽11344
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
₽79877
₽49807
₽15441
₽71627
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.

-
-
-
126 000
income
-
-
-
18 971
surtax
-
-
-
32 129
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.

-
-
-
38 535
microenterprise
-
-
-
-
total
-
-
-
89 635
Employee
29 388
-
101 539
-
surtax
-
-
-
-
social contributions

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

3 233
-
11 169
-
income
5 231
-
19 639
-
total
8 464
-
30 808
-
Employer
29 388
-
101 539
-
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.

7 079
-
24 461
-
surtax
-
-
-
-
total
7 079
-
24 461
-
Corporate
89 533
126 000
-
-
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%.

17 906
25 199
-
-
total
17 906
25 199
-
-
Dividends

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

71 626
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
33 449
25 199
55 269
89 635
After tax
92 551
100 801
70 731
36 365
Living cost
20 924
20 924
20 924
20 924
Free-cash
71 627
79 877
49 807
15 441

Estimated living cost  is ₽20924 per week

₽13349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5107
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
₽19487
₽26933
₽30342
₽13324
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
-
-
-
126 000
income
-
-
-
29 340
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
53 526
Employee
85 887
85 887
107 309
-
pensions
15 460
11 784
11 784
-
income

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

14 058
14 058
14 058
-
health
13 183
11 213
12 402
-
total
42 701
37 055
38 244
-
Employer
85 887
85 887
107 309
-
health
5 970
5 970
7 419
-
pensions
5 978
5 978
7 430
-
unemployment
3 092
3 092
3 842
-
total
15 040
15 040
18 691
-
Corporate
26 127
25 073
-
-
income
5 226
5 014
-
-
total
5 226
5 014
-
-
Dividends
20 901
20 060
-
-
income
4 441
4 262
-
-
withholding
3 136
3 010
-
-
total
7 577
7 272
-
-
Income
126 000
126 000
126 000
126 000
Total tax
70 544
64 381
56 935
53 526
After tax
55 456
61 619
69 065
72 474
Living cost
42 132
42 132
42 132
42 132
Free-cash
13 324
19 487
26 933
30 342

Estimated living cost  is ₽42132 per week

₽29858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽670
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₽27590
₽24836
₽25947
₽26665
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
-
-
-
126 000
accident
-
-
-
181
other
-
-
-
10 494
unemployment
-
-
-
90
health
-
-
-
5 635
municipal
-
-
-
29 771
national
-
-
-
2 914
pensions
-
-
-
9 762
total
-
-
-
58 847
Employee
58 715
-
97 625
-
municipal
17 509
-
29 112
-
national
-
-
2 471
-
total
17 509
-
31 583
-
Employer
58 715
-
97 625
-
health
3 611
-
5 554
-
pensions
6 347
-
9 762
-
accident
117
-
181
-
unemployment
1 550
-
2 384
-
other
6 823
-
10 494
-
total
18 448
-
28 375
-
Corporate
48 837
126 000
-
-
income
10 744
27 720
-
-
total
10 744
27 720
-
-
Dividends
38 093
98 280
-
-
withholding
11 428
29 484
-
-
total
11 428
29 484
-
-
Income
126 000
126 000
126 000
126 000
Total tax
58 129
57 204
59 958
58 847
After tax
67 871
68 796
66 042
67 153
Living cost
41 206
41 206
41 206
41 206
Free-cash
26 665
27 590
24 836
25 947

Estimated living cost  is ₽41206 per week

₽27310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
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.
₽9227
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
₽23474
₽44515
₽31479
₽37608
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.

-
-
-
126 000
income

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

-
-
-
33 274
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.

-
-
-
1 830
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.

-
-
-
6 871
trade
-
-
-
13 036
total
-
-
-
55 011
Employee

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

51 004
-
126 000
-
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.

240
-
1 830
-
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.

4 382
-
33 274
-
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.

6 871
-
6 871
-
total
11 493
-
41 975
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
74 996
126 000
-
-
income
11 249
18 901
-
-
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.

618
1 040
-
-
chamber of commerce
260
332
-
-
trade
12 337
20 727
-
-
total
24 464
41 000
-
-
Dividends
50 532
85 000
-
-
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.

674
1 147
-
-
withholding
12 251
20 869
-
-
total
12 925
22 016
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 882
63 016
41 975
55 011
After tax
77 118
62 984
84 025
70 989
Living cost
39 510
39 510
39 510
39 510
Free-cash
37 608
23 474
44 515
31 479

Estimated living cost  is ₽39510 per week

₽26424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8329
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
₽59463
₽54319
₽55663
₽55293
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
-
-
-
126 000
income
-
-
-
18 231
social contributions
-
-
-
16 273
health
-
-
-
3 212
total
-
-
-
37 716
Employee
77 337
77 337
115 211
-
social contributions
3 758
6 419
8 657
-
income
8 121
7 159
17 656
-
health
769
1 315
1 958
-
total
12 648
14 893
28 271
-
Employer
77 337
77 337
115 211
-
health
838
1 431
2 132
-
social contributions
3 758
6 419
8 657
-
total
4 596
7 850
10 789
-
Corporate
76 134
40 813
-
-
income
9 516
5 102
-
-
total
9 516
5 102
-
-
Dividends
66 618
35 711
-
-
withholding
11 326
6 071
-
-
total
11 326
6 071
-
-
Income
126 000
126 000
126 000
126 000
Total tax
38 086
33 916
39 060
37 716
After tax
87 914
92 084
86 940
88 284
Living cost
32 621
32 621
32 621
32 621
Free-cash
55 293
59 463
54 319
55 663

Estimated living cost  is ₽32621 per week

₽22300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7226
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
₽52436
₽54587
₽68831
₽52820
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
-
-
-
126 000
income
-
-
-
15 404
unemployment
-
-
-
1 890
health
-
-
-
8 820
pensions
-
-
-
12 600
total
-
-
-
38 714
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.

26 641
10 603
105 439
-
unemployment
400
159
1 582
-
pensions
2 664
1 060
10 544
-
income
3 257
1 296
12 890
-
health
1 865
742
7 381
-
total
8 186
3 257
32 397
-
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.

26 641
10 603
105 439
-
pensions
5 195
2 068
20 561
-
total
5 195
2 068
20 561
-
Corporate
94 164
113 330
-
-
income
8 475
10 200
-
-
total
8 475
10 200
-
-
Dividends
85 690
103 130
-
-
social contributions
16 588
19 989
-
-
withholding
16 281
19 595
-
-
total
32 869
39 584
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 725
55 109
52 958
38 714
After tax
71 275
70 891
73 042
87 286
Living cost
18 455
18 455
18 455
18 455
Free-cash
52 820
52 436
54 587
68 831

Estimated living cost  is ₽18455 per week

₽12594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1510
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
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.
₽3982
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
₽76508
₽48331
₽43243
₽70259
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
-
-
-
126 000
income
-
-
-
16 883
health
-
-
-
16 380
pensions
-
-
-
25 201
total
-
-
-
58 464
Employee
28 531
-
94 170
-
unemployment
456
-
1 506
-
pensions
571
-
1 884
-
income
3 212
-
18 156
-
total
4 239
-
21 546
-
Employer
28 531
-
94 170
-
health
3 708
-
12 242
-
pensions
5 707
-
18 834
-
unemployment
229
-
754
-
total
9 644
-
31 830
-
Corporate
87 824
126 000
-
-
income
17 565
25 199
-
-
total
17 565
25 199
-
-
Dividends
70 260
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
31 448
25 199
53 376
58 464
After tax
94 552
100 801
72 624
67 536
Living cost
24 292
24 292
24 292
24 292
Free-cash
70 259
76 508
48 331
43 243

Estimated living cost  is ₽24292 per week

₽16662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
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.
₽5695
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
-₽12194
₽44166
₽63927
₽6770
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
-
-
-
126 000
accident
-
-
-
257
income
-
-
-
32 582
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
39 673
Employee
35 237
-
110 240
-
pensions
3 968
-
7 768
-
income
4 834
-
23 283
-
health
4 035
-
12 623
-
total
12 837
-
43 674
-
Employer
35 237
-
110 240
-
pensions
5 730
-
11 218
-
accident
588
-
1 841
-
unemployment
863
-
2 701
-
total
7 181
-
15 760
-
Corporate
83 582
126 000
-
-
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.

75 224
113 400
-
-
total
75 224
113 400
-
-
Dividends
8 358
12 600
-
-
withholding
1 588
2 394
-
-
total
1 588
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
96 830
115 794
59 434
39 673
After tax
29 170
10 206
66 566
86 327
Living cost
22 400
22 400
22 400
22 400
Free-cash
6 770
-12 194
44 166
63 927

Estimated living cost  is ₽22400 per week

₽16417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
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.
₽4275
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
₽111560
₽92660
₽116600
₽110034
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%.

-
-
-
126 000
microenterprise

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

-
-
-
1 260
total
-
-
-
1 260
Employee
10 174
-
126 000
-
income
2 035
-
25 200
-
total
2 035
-
25 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

115 826
126 000
-
-
total
-
-
-
-
Dividends
115 826
126 000
-
-
withholding
5 791
6 300
-
-
total
5 791
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
7 826
6 300
25 200
1 260
After tax
118 174
119 700
100 800
124 740
Living cost
8 140
8 140
8 140
8 140
Free-cash
110 034
111 560
92 660
116 600

Estimated living cost  is ₽8140 per week

₽5044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2195
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
₽65772
₽45841
₽40631
₽58978
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
-
-
-
126 000
income
-
-
-
16 801
other
-
-
-
5 985
health
-
-
-
5 544
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.

-
-
-
30 240
total
-
-
-
58 570
Employee
36 518
-
100 639
-
unemployment
365
-
1 006
-
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.

2 556
-
7 045
-
income
6 287
-
18 538
-
health
512
-
1 409
-
total
9 720
-
27 998
-
Employer
36 518
-
100 639
-
health
512
-
1 409
-
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.

6 209
-
17 109
-
accident
292
-
805
-
unemployment
365
-
1 006
-
other
1 827
-
5 033
-
total
9 205
-
25 362
-
Corporate
80 279
126 000
-
-
income
16 859
26 461
-
-
total
16 859
26 461
-
-
Dividends
63 420
99 539
-
-
withholding
4 439
6 968
-
-
total
4 439
6 968
-
-
Income
126 000
126 000
126 000
126 000
Total tax
40 223
33 429
53 360
58 570
After tax
85 777
92 571
72 640
67 430
Living cost
26 799
26 799
26 799
26 799
Free-cash
58 978
65 772
45 841
40 631

Estimated living cost  is ₽26799 per week

₽18935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5623
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
₽21020
₽8778
₽20457
₽13814
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
-
-
-
126 000
income
-
-
-
30 691
pensions
-
-
-
7 993
total
-
-
-
38 684
Employee
94 595
-
110 531
-
pensions
9 126
-
10 196
-
income
17 052
-
22 902
-
health
1 559
-
1 797
-
total
27 737
-
34 895
-
Employer
94 595
-
110 531
-
health
1 797
-
2 100
-
pensions
11 169
-
13 368
-
total
12 966
-
15 468
-
Corporate
18 439
126 000
-
-
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.

3 503
23 941
-
-
total
3 503
23 941
-
-
Dividends
14 936
102 059
-
-
withholding
1 121
14 180
-
-
total
1 121
14 180
-
-
Income
126 000
126 000
126 000
126 000
Total tax
45 327
38 121
50 363
38 684
After tax
80 673
87 879
75 637
87 316
Living cost
66 859
66 859
66 859
66 859
Free-cash
13 814
21 020
8 778
20 457

Estimated living cost  is ₽66859 per week

₽50099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8362
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
₽94525
₽88889
₽84502
₽89845
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
-
-
-
126 000
income
-
-
-
18 900
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
28 293
Employee
17 485
-
119 098
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
pensions

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

1 535
-
3 089
-
income
1 748
-
11 910
-
health
804
-
1 618
-
total
4 280
-
17 004
-
Employer
17 485
-
119 098
-
health
1 207
-
2 427
-
pensions

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

1 927
-
3 877
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
unemployment
105
-
211
-
total
3 432
-
6 902
-
Corporate
105 084
126 000
-
-
income
10 509
12 600
-
-
total
10 509
12 600
-
-
Dividends
94 576
113 400
-
-
withholding
4 729
5 670
-
-
total
4 729
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
22 950
18 270
23 906
28 293
After tax
103 050
107 730
102 094
97 707
Living cost
13 205
13 205
13 205
13 205
Free-cash
89 845
94 525
88 889
84 502

Estimated living cost  is ₽13205 per week

₽7709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4203
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
₽5849
₽13295
₽16704
₽8378
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
-
-
-
126 000
income
-
-
-
29 340
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
53 526
Employee
93 245
85 887
107 309
-
pensions
11 784
11 784
11 784
-
income

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

14 058
14 058
14 058
-
health
11 633
11 213
12 402
-
total
37 475
37 055
38 244
-
Employer
93 245
85 887
107 309
-
health
6 480
5 970
7 419
-
pensions
6 489
5 978
7 430
-
unemployment
3 357
3 092
3 842
-
total
16 326
15 040
18 691
-
Corporate
16 428
25 073
-
-
income
3 287
5 014
-
-
total
3 287
5 014
-
-
Dividends
13 142
20 060
-
-
income
2 792
4 262
-
-
withholding
1 972
3 010
-
-
total
4 764
7 272
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 852
64 381
56 935
53 526
After tax
64 148
61 619
69 065
72 474
Living cost
55 770
55 770
55 770
55 770
Free-cash
8 378
5 849
13 295
16 704

Estimated living cost  is ₽55770 per week

₽41140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽61758
₽38947
₽37079
₽52841
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
-
-
-
126 000
income
-
-
-
10 954
social contributions
-
-
-
35 964
solidarity contribution
-
-
-
-
health
-
-
-
17 010
total
-
-
-
63 928
Employee
36 754
-
94 030
-
solidarity contribution
-
-
-
-
social contributions
2 389
-
6 112
-
income
4 411
-
11 284
-
health
4 962
-
12 694
-
total
11 762
-
30 090
-
Employer
36 754
-
94 030
-
health
3 308
-
8 463
-
social contributions
9 189
-
23 507
-
total
12 497
-
31 970
-
Corporate
76 749
126 000
-
-
income
14 582
23 940
-
-
total
14 582
23 940
-
-
Dividends
62 167
102 060
-
-
withholding
9 325
15 309
-
-
total
9 325
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 166
39 249
62 060
63 928
After tax
77 834
86 751
63 940
62 072
Living cost
24 993
24 993
24 993
24 993
Free-cash
52 841
61 758
38 947
37 079

Estimated living cost  is ₽24993 per week

₽17360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
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.
₽5363
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
₽24785
₽14434
₽20429
₽19538
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
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
1 435
municipal
-
-
-
748
national
-
-
-
28 541
total
-
-
-
63 132
Employee
89 385
-
126 000
-
municipal
473
-
668
-
national
15 488
-
24 711
-
regional
843
-
1 261
-
social contributions
30 141
-
42 487
-
total
46 945
-
69 127
-
Employer
89 385
-
126 000
-
total
-
-
-
-
Corporate
36 615
126 000
-
-
municipal
1 428
4 915
-
-
nationa
8 787
30 240
-
-
total
10 215
35 155
-
-
Dividends
26 401
90 846
-
-
withholding
6 863
23 621
-
-
total
6 863
23 621
-
-
Income
126 000
126 000
126 000
126 000
Total tax
64 023
58 776
69 127
63 132
After tax
61 977
67 224
56 873
62 868
Living cost
42 439
42 439
42 439
42 439
Free-cash
19 538
24 785
14 434
20 429

Estimated living cost  is ₽42439 per week

₽29583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽651
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.
₽9421
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
₽57062
₽36570
₽38647
₽53931
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
-
-
-
126 000
income
-
-
-
27 108
other
-
-
-
-
surtax
-
-
-
3 678
unemployment
-
-
-
229
health
-
-
-
8 946
pensions
-
-
-
25 199
total
-
-
-
65 160
Employee
33 259
-
104 089
-
other
-
-
-
-
unemployment
2 315
-
7 245
-
pensions
2 218
-
6 943
-
surtax
109
-
3 348
-
income
5 575
-
25 136
-
health
849
-
2 655
-
total
11 066
-
45 327
-
Employer
33 259
-
104 089
-
health
1 514
-
4 735
-
pensions
4 434
-
13 875
-
unemployment
1 054
-
3 300
-
other
-
-
-
-
total
7 002
-
21 910
-
Corporate
85 740
126 000
-
-
income
22 292
32 759
-
-
total
22 292
32 759
-
-
Dividends
63 447
93 241
-
-
withholding
9 516
13 986
-
-
total
9 516
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 876
46 745
67 237
65 160
After tax
76 124
79 255
58 763
60 840
Living cost
22 193
22 193
22 193
22 193
Free-cash
53 931
57 062
36 570
38 647

Estimated living cost  is ₽22193 per week

₽13570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2048
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.
₽6064
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
₽42203
₽29961
₽41640
₽40862
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
-
-
-
126 000
income
-
-
-
30 691
pensions
-
-
-
7 993
total
-
-
-
38 684
Employee
63 395
-
110 531
-
pensions
5 381
-
10 196
-
income
11 418
-
22 902
-
health
920
-
1 797
-
total
17 719
-
34 895
-
Employer
63 395
-
110 531
-
health
1 204
-
2 100
-
pensions
6 863
-
13 368
-
total
8 067
-
15 468
-
Corporate
54 538
126 000
-
-
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.

10 363
23 941
-
-
total
10 363
23 941
-
-
Dividends
44 175
102 059
-
-
withholding
3 313
14 180
-
-
total
3 313
14 180
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 462
38 121
50 363
38 684
After tax
86 538
87 879
75 637
87 316
Living cost
45 676
45 676
45 676
45 676
Free-cash
40 862
42 203
29 961
41 640

Estimated living cost  is ₽45676 per week

₽34220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3424
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.
₽7554
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
-₽22128
₽18204
₽24463
₽11992
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
-
-
-
126 000
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.

-
-
-
2 519
regional
-
-
-
4 918
health
-
-
-
283
city
-
-
-
1 327
national
-
-
-
1 155
pensions
-
-
-
11 590
total
-
-
-
21 792
Employee
93 322
-
112 777
-
unemployment
-
-
-
-
pensions
7 840
-
9 473
-
national
442
-
895
-
regional
3 056
-
4 234
-
city
1 002
-
1 213
-
health
211
-
254
-
total
12 551
-
16 069
-
Employer
93 322
-
112 777
-
health
211
-
254
-
pensions
7 840
-
9 473
-
unemployment
-
-
-
-
other

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

1 866
-
2 255
-
total
9 917
-
11 982
-
Corporate
21 735
126 000
-
-
regional
4 596
26 648
-
-
national
1 847
10 710
-
-
total
6 443
37 358
-
-
Dividends
15 291
88 642
-
-
withholding
5 352
31 025
-
-
total
5 352
31 025
-
-
Income
126 000
126 000
126 000
126 000
Total tax
34 263
68 383
28 051
21 792
After tax
91 737
57 617
97 949
104 208
Living cost
79 745
79 745
79 745
79 745
Free-cash
11 992
-22 128
18 204
24 463

Estimated living cost  is ₽79745 per week

₽51857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽979
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.
₽19752
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
₽16263
₽37951
₽24362
₽32574
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.

-
-
-
126 000
income

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

-
-
-
33 274
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.

-
-
-
1 830
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.

-
-
-
6 871
trade
-
-
-
13 589
total
-
-
-
55 564
Employee

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

60 444
-
126 000
-
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.

391
-
1 830
-
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.

7 108
-
33 274
-
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.

6 871
-
6 871
-
total
14 370
-
41 975
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 556
126 000
-
-
income
9 833
18 901
-
-
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.

540
1 040
-
-
chamber of commerce
244
330
-
-
trade
11 244
21 609
-
-
total
21 861
41 880
-
-
Dividends
43 695
84 120
-
-
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.

580
1 136
-
-
withholding
10 541
20 647
-
-
total
11 121
21 783
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 352
63 663
41 975
55 564
After tax
78 648
62 337
84 025
70 436
Living cost
46 074
46 074
46 074
46 074
Free-cash
32 574
16 263
37 951
24 362

Estimated living cost  is ₽46074 per week

₽33650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8140
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
₽29093
₽40539
₽37423
₽35032
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
-
-
-
126 000
income
-
-
-
15 596
other
-
-
-
3 907
surtax
-
-
-
-
social contributions
-
-
-
3 590
health
-
-
-
3 731
pensions
-
-
-
27 343
total
-
-
-
54 167
Employee
43 044
-
100 436
-
pensions
4 867
-
5 747
-
surtax
-
-
-
-
social contributions
1 227
-
2 863
-
income
2 540
-
16 879
-
total
8 634
-
25 489
-
Employer
43 044
-
100 436
-
health
3 014
-
7 830
-
pensions
7 071
-
9 899
-
unemployment
1 743
-
4 067
-
social contributions
130
-
302
-
other
1 485
-
3 464
-
total
13 443
-
25 562
-
Corporate
69 513
126 000
-
-
income
19 464
35 280
-
-
surtax
-
-
-
-
total
19 464
35 280
-
-
Dividends
50 049
90 720
-
-
surtax
-
-
-
-
social contributions
8 610
15 605
-
-
withholding
6 407
11 612
-
-
total
15 017
27 217
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 558
62 497
51 051
54 167
After tax
69 442
63 503
74 949
71 833
Living cost
34 410
34 410
34 410
34 410
Free-cash
35 032
29 093
40 539
37 423

Estimated living cost  is ₽34410 per week

₽21697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2798
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.
₽9331
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
₽32502
₽43948
₽40832
₽38089
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
-
-
-
126 000
income
-
-
-
15 596
other
-
-
-
3 907
surtax
-
-
-
-
social contributions
-
-
-
3 590
health
-
-
-
3 731
pensions
-
-
-
27 343
total
-
-
-
54 167
Employee
38 423
-
100 436
-
pensions
4 346
-
5 747
-
surtax
-
-
-
-
social contributions
1 096
-
2 863
-
income
1 981
-
16 879
-
total
7 423
-
25 489
-
Employer
38 423
-
100 436
-
health
2 689
-
7 830
-
pensions
6 314
-
9 899
-
unemployment
1 556
-
4 067
-
social contributions
115
-
302
-
other
1 326
-
3 464
-
total
12 000
-
25 562
-
Corporate
75 577
126 000
-
-
income
21 163
35 280
-
-
surtax
-
-
-
-
total
21 163
35 280
-
-
Dividends
54 415
90 720
-
-
surtax
-
-
-
-
social contributions
9 360
15 605
-
-
withholding
6 964
11 612
-
-
total
16 324
27 217
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 910
62 497
51 051
54 167
After tax
69 090
63 503
74 949
71 833
Living cost
31 001
31 001
31 001
31 001
Free-cash
38 089
32 502
43 948
40 832

Estimated living cost  is ₽31001 per week

₽17979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
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.
₽9285
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
₽55544
₽58495
₽59590
₽56066
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
-
-
-
126 000
income
-
-
-
18 901
social contributions
-
-
-
17 387
health
-
-
-
8 795
total
-
-
-
45 083
Employee
34 101
-
126 000
-
social contributions
4 707
-
17 387
-
income
5 688
-
19 996
-
health
2 380
-
8 795
-
total
12 775
-
46 178
-
Employer
34 101
-
126 000
-
total
-
-
-
-
Corporate
91 899
126 000
-
-
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%.

4 596
6 300
-
-
total
4 596
6 300
-
-
Dividends
87 303
119 700
-
-
social contributions
12 047
16 519
-
-
withholding
13 095
17 954
-
-
health
6 094
8 356
-
-
total
31 236
42 829
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 607
49 129
46 178
45 083
After tax
77 393
76 871
79 822
80 917
Living cost
21 327
21 327
21 327
21 327
Free-cash
56 066
55 544
58 495
59 590

Estimated living cost  is ₽21327 per week

₽14272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5247
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
₽34768
-₽481
₽27564
₽33209
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
-
-
-
126 000
income
-
-
-
25 401
surtax
-
-
-
198
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
504
health
-
-
-
8 988
pensions
-
-
-
21 737
total
-
-
-
62 997
Employee
50 263
40 080
97 684
-
other
502
401
977
-
unemployment
1 508
1 202
2 930
-
pensions
5 147
4 103
10 003
-
income
5 722
2 956
21 573
-
health
1 945
1 552
3 781
-
total
14 824
10 214
39 264
-
Employer
50 263
40 080
97 684
-
chamber of commerce
200
160
391
-
health
1 899
1 515
3 693
-
pensions
6 308
5 031
12 259
-
accident
653
521
1 269
-
unemployment
1 508
1 202
2 930
-
surtax
198
198
198
-
payroll
1 508
1 202
2 930
-
other
2 388
1 903
4 640
-
total
14 662
11 732
28 310
-
Corporate
61 075
74 185
93 873
-
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.

15 269
18 546
23 468
-
total
15 269
18 546
23 468
-
Dividends
45 807
55 640
-
-
withholding
12 597
15 301
-
-
total
12 597
15 301
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 352
55 793
91 042
62 997
After tax
68 648
70 207
34 958
63 003
Living cost
35 439
35 439
35 439
35 439
Free-cash
33 209
34 768
-481
27 564

Estimated living cost  is ₽35439 per week

₽23636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3023
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.
₽8197
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
₽33903
₽10547
₽19834
₽18818
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
-
-
-
126 000
communal

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

-
-
-
6 358
social contributions
-
-
-
20 050
national
-
-
-
43 087
total
-
-
-
69 495
Employee

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

71 942
-
97 592
-
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.

626
-
849
-
communal

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

3 752
-
5 090
-
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.

5 396
-
7 319
-
national
22 118
-
32 530
-
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.

3 380
-
4 586
-
total
35 272
-
50 374
-
Employer

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

71 942
-
97 592
-
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.

4 424
-
6 003
-
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.

6 375
-
8 646
-
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.

935
-
1 267
-
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.

1 050
-
1 426
-
surtax
8 157
-
11 066
-
total
20 941
-
28 408
-
Corporate
33 117
126 000
-
-
income
6 623
25 199
-
-
surtax
132
504
-
-
total
6 755
25 703
-
-
Dividends
26 363
100 297
-
-
withholding

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

7 543
29 723
-
-
total
7 543
29 723
-
-
Income
126 000
126 000
126 000
126 000
Total tax
70 511
55 426
78 782
69 495
After tax
55 489
70 574
47 218
56 505
Living cost
36 671
36 671
36 671
36 671
Free-cash
18 818
33 903
10 547
19 834

Estimated living cost  is ₽36671 per week

₽23621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3206
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9270
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
₽48282
₽28810
₽33641
₽40504
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
-
-
-
126 000
accident
-
-
-
840
income
-
-
-
28 069
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
56 037
Employee
50 064
-
96 281
-
other
50
-
94
-
unemployment
777
-
1 445
-
pensions
2 353
-
4 382
-
income
10 563
-
25 229
-
total
13 743
-
31 150
-
Employer
50 064
-
96 281
-
pensions
11 814
-
22 000
-
accident
991
-
1 846
-
unemployment
2 754
-
5 126
-
other
399
-
746
-
total
15 958
-
29 718
-
Corporate
59 979
126 000
-
-
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.

8 997
18 901
-
-
total
8 997
18 901
-
-
Dividends
50 981
107 099
-
-
withholding
10 476
22 495
-
-
total
10 476
22 495
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 174
41 396
60 868
56 037
After tax
76 826
84 604
65 132
69 963
Living cost
36 322
36 322
36 322
36 322
Free-cash
40 504
48 282
28 810
33 641

Estimated living cost  is ₽36322 per week

₽26747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
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.
₽6474
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
₽21386
₽18390
₽13366
₽11656
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
-
-
-
126 000
communal
-
-
-
7 963
accident
-
-
-
1 063
income
-
-
-
14 967
surtax
-
-
-
6 247
health
-
-
-
8 852
pensions
-
-
-
18 886
total
-
-
-
57 978
Employee
76 164
-
112 550
-
pensions
6 092
-
9 005
-
surtax
4 668
-
6 898
-
income
7 357
-
18 593
-
health
3 390
-
5 008
-
total
21 507
-
39 504
-
Employer
76 164
-
112 550
-
health
2 323
-
3 432
-
pensions
6 092
-
9 005
-
accident
685
-
1 013
-
total
9 100
-
13 450
-
Corporate
40 735
126 000
-
-
communal
2 750
8 505
-
-
income
6 109
18 901
-
-
surtax
428
1 323
-
-
total
9 287
28 729
-
-
Dividends
31 448
97 272
-
-
income
15 076
6 638
-
-
withholding
4 718
14 591
-
-
total
19 794
21 229
-
-
Income
126 000
126 000
126 000
126 000
Total tax
59 688
49 958
52 954
57 978
After tax
66 312
76 042
73 046
68 022
Living cost
54 656
54 656
54 656
54 656
Free-cash
11 656
21 386
18 390
13 366

Estimated living cost  is ₽54656 per week

₽41000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9764
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
₽56665
₽36173
₽38250
₽53465
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
-
-
-
126 000
income
-
-
-
27 108
other
-
-
-
-
surtax
-
-
-
3 678
unemployment
-
-
-
229
health
-
-
-
8 946
pensions
-
-
-
25 199
total
-
-
-
65 160
Employee
33 870
-
104 089
-
other
-
-
-
-
unemployment
2 357
-
7 245
-
pensions
2 260
-
6 943
-
surtax
120
-
3 348
-
income
5 678
-
25 136
-
health
865
-
2 655
-
total
11 280
-
45 327
-
Employer
33 870
-
104 089
-
health
1 540
-
4 735
-
pensions
4 516
-
13 875
-
unemployment
1 075
-
3 300
-
other
-
-
-
-
total
7 131
-
21 910
-
Corporate
84 999
126 000
-
-
income
22 100
32 759
-
-
total
22 100
32 759
-
-
Dividends
62 900
93 241
-
-
withholding
9 434
13 986
-
-
total
9 434
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 945
46 745
67 237
65 160
After tax
76 055
79 255
58 763
60 840
Living cost
22 590
22 590
22 590
22 590
Free-cash
53 465
56 665
36 173
38 250

Estimated living cost  is ₽22590 per week

₽13639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6464
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
₽39135
₽29345
₽35310
₽36901
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
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
1 900
municipal
-
-
-
748
national
-
-
-
28 541
total
-
-
-
63 597
Employee
55 790
-
126 000
-
municipal
296
-
668
-
national
8 839
-
24 711
-
regional
751
-
1 696
-
social contributions
18 813
-
42 487
-
total
28 699
-
69 562
-
Employer
55 790
-
126 000
-
total
-
-
-
-
Corporate
70 210
126 000
-
-
municipal
3 489
6 262
-
-
nationa
16 851
30 240
-
-
total
20 340
36 502
-
-
Dividends
49 870
89 498
-
-
withholding
12 967
23 270
-
-
total
12 967
23 270
-
-
Income
126 000
126 000
126 000
126 000
Total tax
62 006
59 772
69 562
63 597
After tax
63 994
66 228
56 438
62 403
Living cost
27 093
27 093
27 093
27 093
Free-cash
36 901
39 135
29 345
35 310

Estimated living cost  is ₽27093 per week

₽16849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
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.
₽7035
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
₽55953
₽33142
₽31274
₽44966
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
-
-
-
126 000
income
-
-
-
10 954
social contributions
-
-
-
35 964
solidarity contribution
-
-
-
-
health
-
-
-
17 010
total
-
-
-
63 928
Employee
45 291
-
94 030
-
solidarity contribution
-
-
-
-
social contributions
2 944
-
6 112
-
income
5 435
-
11 284
-
health
6 114
-
12 694
-
total
14 493
-
30 090
-
Employer
45 291
-
94 030
-
health
4 076
-
8 463
-
social contributions
11 323
-
23 507
-
total
15 399
-
31 970
-
Corporate
65 310
126 000
-
-
income
12 409
23 940
-
-
total
12 409
23 940
-
-
Dividends
52 901
102 060
-
-
withholding
7 935
15 309
-
-
total
7 935
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
50 236
39 249
62 060
63 928
After tax
75 764
86 751
63 940
62 072
Living cost
30 798
30 798
30 798
30 798
Free-cash
44 966
55 953
33 142
31 274

Estimated living cost  is ₽30798 per week

₽22903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
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.
₽5656
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
₽38229
₽2904
₽31114
₽37727
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
-
-
-
126 000
income
-
-
-
25 401
surtax
-
-
-
-
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
504
health
-
-
-
8 988
pensions
-
-
-
21 737
total
-
-
-
62 799
Employee
43 964
40 080
97 841
-
other
439
401
979
-
unemployment
1 319
1 202
2 935
-
pensions
4 502
4 103
10 018
-
income
3 916
2 956
21 626
-
health
1 701
1 552
3 787
-
total
11 877
10 214
39 345
-
Employer
43 964
40 080
97 841
-
chamber of commerce
176
160
391
-
health
1 662
1 515
3 699
-
pensions
5 518
5 031
12 280
-
accident
571
521
1 271
-
unemployment
1 319
1 202
2 935
-
surtax
-
-
-
-
payroll
1 319
1 202
2 935
-
other
2 088
1 903
4 647
-
total
12 653
11 534
28 158
-
Corporate
69 384
74 384
94 023
-
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.

17 345
18 595
23 506
-
total
17 345
18 595
23 506
-
Dividends
52 038
55 789
-
-
withholding
14 311
15 341
-
-
total
14 311
15 341
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 186
55 684
91 009
62 799
After tax
69 814
70 316
34 991
63 201
Living cost
32 087
32 087
32 087
32 087
Free-cash
37 727
38 229
2 904
31 114

Estimated living cost  is ₽32087 per week

₽19248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8989
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
₽107016
₽88116
₽112056
₽104638
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%.

-
-
-
126 000
microenterprise

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

-
-
-
1 260
total
-
-
-
1 260
Employee
15 855
-
126 000
-
income
3 171
-
25 200
-
total
3 171
-
25 200
-
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%.

110 145
126 000
-
-
total
-
-
-
-
Dividends
110 145
126 000
-
-
withholding
5 507
6 300
-
-
total
5 507
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
8 678
6 300
25 200
1 260
After tax
117 322
119 700
100 800
124 740
Living cost
12 684
12 684
12 684
12 684
Free-cash
104 638
107 016
88 116
112 056

Estimated living cost  is ₽12684 per week

₽8583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽425
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.
₽3142
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
₽59775
₽33488
₽37101
₽51361
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.

-
-
-
126 000
income
-
-
-
26 326
unemployment
-
-
-
189
health
-
-
-
12 398
pensions
-
-
-
23 010
total
-
-
-
61 923
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.

44 474
-
109 027
-
unemployment
63
-
153
-
pensions
6 894
-
16 899
-
income
7 670
-
24 468
-
health
2 872
-
7 043
-
total
17 499
-
48 563
-
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.

44 474
-
109 027
-
health
2 962
-
7 260
-
pensions
3 936
-
9 648
-
unemployment
27
-
65
-
total
6 925
-
16 973
-
Corporate
74 601
126 000
-
-
income
14 175
23 940
-
-
total
14 175
23 940
-
-
Dividends
60 426
102 060
-
-
withholding
9 064
15 309
-
-
total
9 064
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 663
39 249
65 536
61 923
After tax
78 337
86 751
60 464
64 077
Living cost
26 976
26 976
26 976
26 976
Free-cash
51 361
59 775
33 488
37 101

Estimated living cost  is ₽26976 per week

₽18513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1729
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
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.
₽6212
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
₽32655
₽68581
₽43073
-₽26057
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
-
-
-
126 000
income
-
-
-
24 560
social contributions
-
-
-
14 364
total
-
-
-
38 924
Employee
63 094
-
-
-
social contributions
5 174
-
737
-
income
13 917
-
-
-
total
19 091
-
737
-
Employer
63 094
-
-
-
social contributions
88 963
-
12 679
-
total
88 963
-
12 679
-
Corporate
-
126 000
-
-
income
-
27 720
-
-
total
-
27 720
-
-
Dividends
-
98 280
-
-
income
-
21 622
-
-
total
-
21 622
-
-
Income
126 000
126 000
126 000
126 000
Total tax
108 054
49 342
13 416
38 924
After tax
17 946
76 658
112 584
87 076
Living cost
44 003
44 003
44 003
44 003
Free-cash
-26 057
32 655
68 581
43 073

Estimated living cost  is ₽44003 per week

₽28551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
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.
₽10753
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
₽40121
₽29662
₽37644
₽39108
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.

-
-
-
126 000
income
-
-
-
13 024
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
total
-
-
-
56 809
Employee
46 257
-
101 818
-
surtax
-
-
-
-
social contributions
5 088
-
11 200
-
income
9 622
-
29 409
-
total
14 710
-
40 609
-
Employer
46 257
-
101 818
-
social contributions
10 986
-
24 182
-
total
10 986
-
24 182
-
Corporate
68 758
126 000
-
-
income
14 439
26 461
-
-
surtax
-
-
-
-
total
14 439
26 461
-
-
Dividends
54 319
99 539
-
-
withholding
15 210
27 871
-
-
total
15 210
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 345
54 332
64 791
56 809
After tax
70 655
71 668
61 209
69 191
Living cost
31 547
31 547
31 547
31 547
Free-cash
39 108
40 121
29 662
37 644

Estimated living cost  is ₽31547 per week

₽23604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽527
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.
₽5556
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
₽14927
₽26373
₽23257
₽21840
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
-
-
-
126 000
income
-
-
-
15 596
other
-
-
-
3 907
surtax
-
-
-
-
social contributions
-
-
-
3 590
health
-
-
-
3 731
pensions
-
-
-
27 343
total
-
-
-
54 167
Employee
62 992
-
100 436
-
pensions
7 125
-
5 747
-
surtax
-
-
-
-
social contributions
1 794
-
2 863
-
income
5 496
-
16 879
-
total
14 415
-
25 489
-
Employer
62 992
-
100 436
-
health
4 409
-
7 830
-
pensions
10 350
-
9 899
-
unemployment
2 552
-
4 067
-
social contributions
189
-
302
-
other
2 174
-
3 464
-
total
19 674
-
25 562
-
Corporate
43 334
126 000
-
-
income
12 133
35 280
-
-
surtax
-
-
-
-
total
12 133
35 280
-
-
Dividends
31 201
90 720
-
-
surtax
-
-
-
-
social contributions
5 367
15 605
-
-
withholding
3 995
11 612
-
-
total
9 362
27 217
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 584
62 497
51 051
54 167
After tax
70 416
63 503
74 949
71 833
Living cost
48 576
48 576
48 576
48 576
Free-cash
21 840
14 927
26 373
23 257

Estimated living cost  is ₽48576 per week

₽32876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3974
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.
₽11060
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
₽83167
₽67676
₽64328
₽79790
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
-
-
-
126 000
income
-
-
-
3 720
social contributions
-
-
-
27 720
total
-
-
-
31 440
Employee
32 334
-
109 092
-
income
-
-
4 092
-
social contributions
2 101
-
7 092
-
total
2 101
-
11 184
-
Employer
32 334
-
109 092
-
social contributions
5 012
-
16 908
-
total
5 012
-
16 908
-
Corporate
88 654
126 000
-
-
income
8 865
12 601
-
-
total
8 865
12 601
-
-
Dividends
79 789
113 399
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
15 978
12 601
28 092
31 440
After tax
110 022
113 399
97 908
94 560
Living cost
30 232
30 232
30 232
30 232
Free-cash
79 790
83 167
67 676
64 328

Estimated living cost  is ₽30232 per week

₽19548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2279
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.
₽7837
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
-₽93026
-₽93026
₽28224
-₽93026
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
-
-
-
126 000
labour market
-
-
-
10 010
municipal
-
-
-
24 730
national
-
-
-
13 751
pensions
-
-
-
871
total
-
-
-
49 362
Employee
204 345
204 345
204 345
-
municipal
43 514
43 514
43 514
-
labour market
16 324
16 324
16 324
-
pensions
290
290
290
-
national
24 964
24 964
24 964
-
total
85 092
85 092
85 092
-
Employer
204 345
204 345
204 345
-
national
25 008
25 008
25 008
-
labour market
16 348
16 348
16 348
-
pensions
581
581
581
-
municipal
43 583
43 583
43 583
-
total
85 520
85 520
85 520
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
170 612
170 612
170 612
49 362
After tax
-44 612
-44 612
-44 612
76 638
Living cost
48 414
48 414
48 414
48 414
Free-cash
-93 026
-93 026
-93 026
28 224

Estimated living cost  is ₽48414 per week

₽33135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4283
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10252
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
-₽11864
₽44496
₽64257
₽6820
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
-
-
-
126 000
accident
-
-
-
257
income
-
-
-
32 582
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
39 673
Employee
34 717
-
110 240
-
pensions
3 909
-
7 768
-
income
4 763
-
23 283
-
health
3 975
-
12 623
-
total
12 647
-
43 674
-
Employer
34 717
-
110 240
-
pensions
5 645
-
11 218
-
accident
580
-
1 841
-
unemployment
851
-
2 701
-
total
7 076
-
15 760
-
Corporate
84 207
126 000
-
-
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.

75 787
113 400
-
-
total
75 787
113 400
-
-
Dividends
8 421
12 600
-
-
withholding
1 600
2 394
-
-
total
1 600
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
97 110
115 794
59 434
39 673
After tax
28 890
10 206
66 566
86 327
Living cost
22 070
22 070
22 070
22 070
Free-cash
6 820
-11 864
44 496
64 257

Estimated living cost  is ₽22070 per week

₽16064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
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.
₽4333
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
₽43223
₽30737
₽48011
₽43410
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

-
-
-
126 000
health
-
-
-
1 521
municipal
-
-
-
22 407
national
-
-
-
15 448
total
-
-
-
39 376
Employee
52 914
-
105 996
-
municipal
8 667
-
17 286
-
unemployment
794
-
1 590
-
pensions
3 571
-
7 155
-
national
874
-
9 403
-
health
395
-
1 212
-
total
14 301
-
36 646
-
Employer
52 914
-
105 996
-
health
407
-
817
-
pensions
9 180
-
18 391
-
accident
53
-
107
-
unemployment
344
-
689
-
total
9 984
-
20 004
-
Corporate
63 102
126 000
-
-
income
12 620
25 199
-
-
total
12 620
25 199
-
-
Dividends

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

37 862
75 601
-
-
municipal
6 816
13 608
-
-
national
256
5 357
-
-
total
7 072
18 965
-
-
Income
126 000
126 000
126 000
126 000
Total tax
43 977
44 164
56 650
39 376
After tax
82 023
81 836
69 350
86 624
Living cost
38 613
38 613
38 613
38 613
Free-cash
43 410
43 223
30 737
48 011

Estimated living cost  is ₽38613 per week

₽25222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
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
₽68798
₽63654
₽64998
₽63324
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
-
-
-
126 000
income
-
-
-
18 231
social contributions
-
-
-
16 273
health
-
-
-
3 212
total
-
-
-
37 716
Employee
77 337
77 337
115 211
-
social contributions
2 924
6 419
8 657
-
income
8 421
7 159
17 656
-
health
599
1 315
1 958
-
total
11 944
14 893
28 271
-
Employer
77 337
77 337
115 211
-
health
651
1 431
2 132
-
social contributions
2 924
6 419
8 657
-
total
3 575
7 850
10 789
-
Corporate
87 195
40 813
-
-
income
10 900
5 102
-
-
total
10 900
5 102
-
-
Dividends
76 295
35 711
-
-
withholding
12 971
6 071
-
-
total
12 971
6 071
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 390
33 916
39 060
37 716
After tax
86 610
92 084
86 940
88 284
Living cost
23 286
23 286
23 286
23 286
Free-cash
63 324
68 798
63 654
64 998

Estimated living cost  is ₽23286 per week

₽13956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2285
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
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
₽88371
₽67396
₽87569
₽83256
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
-
-
-
126 000
income
-
-
-
12 396
unemployment
-
-
-
29
health
-
-
-
3 640
pensions
-
-
-
6 398
total
-
-
-
22 463
Employee

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

23 085
-
116 171
-
unemployment
115
-
477
-
pensions
3 462
-
14 314
-
income
1 578
-
9 904
-
health
1 962
-
8 112
-
total
7 117
-
32 807
-
Employer

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

23 085
-
116 171
-
health
992
-
4 103
-
pensions
1 269
-
5 249
-
unemployment
115
-
477
-
total
2 376
-
9 829
-
Corporate
100 538
126 000
-
-
income
9 049
11 341
-
-
total
9 049
11 341
-
-
Dividends
91 490
114 659
-
-
withholding
8 234
10 320
-
-
total
8 234
10 320
-
-
Income
126 000
126 000
126 000
126 000
Total tax
26 776
21 661
42 636
22 463
After tax
99 224
104 339
83 364
103 537
Living cost
15 968
15 968
15 968
15 968
Free-cash
83 256
88 371
67 396
87 569

Estimated living cost  is ₽15968 per week

₽10188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4153
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
₽56947
₽37475
₽42306
₽51906
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
-
-
-
126 000
accident
-
-
-
840
income
-
-
-
28 069
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
56 037
Employee
37 188
-
96 281
-
other
36
-
94
-
unemployment
576
-
1 445
-
pensions
1 748
-
4 382
-
income
7 170
-
25 229
-
total
9 530
-
31 150
-
Employer
37 188
-
96 281
-
pensions
8 776
-
22 000
-
accident
737
-
1 846
-
unemployment
2 046
-
5 126
-
other
298
-
746
-
total
11 857
-
29 718
-
Corporate
76 955
126 000
-
-
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.

11 543
18 901
-
-
total
11 543
18 901
-
-
Dividends
65 412
107 099
-
-
withholding
13 507
22 495
-
-
total
13 507
22 495
-
-
Income
126 000
126 000
126 000
126 000
Total tax
46 437
41 396
60 868
56 037
After tax
79 563
84 604
65 132
69 963
Living cost
27 657
27 657
27 657
27 657
Free-cash
51 906
56 947
37 475
42 306

Estimated living cost  is ₽27657 per week

₽18668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
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.
₽5846
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
₽76665
₽78651
₽78790
₽76344
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
-
-
-
126 000
income
-
-
-
42 786
health
-
-
-
1 036
pensions
-
-
-
1 429
total
-
-
-
45 251
Employee
2 983
-
124 393
-
unemployment
30
-
71
-
pensions
268
-
643
-
income
577
-
42 711
-
health
149
-
357
-
total
1 024
-
43 782
-
Employer
2 983
-
124 393
-
health
283
-
679
-
pensions
328
-
786
-
unemployment
60
-
143
-
total
671
-
1 608
-
Corporate
122 346
126 000
-
-
income
26 916
27 720
-
-
total
26 916
27 720
-
-
Dividends
95 430
98 280
-
-
withholding
19 086
19 656
-
-
total
19 086
19 656
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 697
47 376
45 390
45 251
After tax
78 303
78 624
80 610
80 749
Living cost
1 959
1 959
1 959
1 959
Free-cash
76 344
76 665
78 651
78 790

Estimated living cost  is ₽1959 per week

₽1164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽159
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽45
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.
₽591
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
₽73642
₽53213
₽53212
₽68693
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.

-
-
-
126 000
income
-
-
-
27 299
unemployment
-
-
-
1 115
health
-
-
-
7 656
pensions
-
-
-
19 325
total
-
-
-
55 395
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.

26 227
-
112 696
-
unemployment
197
-
557
-
pensions
3 672
-
10 406
-
income
3 615
-
27 299
-
health
1 351
-
3 828
-
total
8 835
-
42 090
-
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.

26 227
-
112 696
-
health
1 351
-
3 828
-
pensions
3 147
-
8 919
-
unemployment
197
-
557
-
total
4 695
-
13 304
-
Corporate
95 078
126 000
-
-
income
14 262
18 900
-
-
total
14 262
18 900
-
-
Dividends
80 816
107 100
-
-
withholding
12 122
16 065
-
-
total
12 122
16 065
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 914
34 965
55 394
55 395
After tax
86 086
91 035
70 606
70 605
Living cost
17 393
17 393
17 393
17 393
Free-cash
68 693
73 642
53 213
53 212

Estimated living cost  is ₽17393 per week

₽11711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3834
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
₽44554
₽34095
₽42077
₽44193
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.

-
-
-
126 000
income
-
-
-
13 024
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
total
-
-
-
56 809
Employee
39 035
-
101 818
-
surtax
-
-
-
-
social contributions
4 294
-
11 200
-
income
7 627
-
29 409
-
total
11 921
-
40 609
-
Employer
39 035
-
101 818
-
social contributions
9 270
-
24 182
-
total
9 270
-
24 182
-
Corporate
77 695
126 000
-
-
income
16 317
26 461
-
-
surtax
-
-
-
-
total
16 317
26 461
-
-
Dividends
61 378
99 539
-
-
withholding
17 185
27 871
-
-
total
17 185
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 693
54 332
64 791
56 809
After tax
71 307
71 668
61 209
69 191
Living cost
27 114
27 114
27 114
27 114
Free-cash
44 193
44 554
34 095
42 077

Estimated living cost  is ₽27114 per week

₽19204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1884
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.
₽5546
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
₽49258
₽29786
₽34617
₽41822
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
-
-
-
126 000
accident
-
-
-
840
income
-
-
-
28 069
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
56 037
Employee
48 573
-
96 281
-
other
48
-
94
-
unemployment
752
-
1 445
-
pensions
2 283
-
4 382
-
income
10 145
-
25 229
-
total
13 228
-
31 150
-
Employer
48 573
-
96 281
-
pensions
11 463
-
22 000
-
accident
962
-
1 846
-
unemployment
2 672
-
5 126
-
other
389
-
746
-
total
15 486
-
29 718
-
Corporate
61 941
126 000
-
-
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.

9 291
18 901
-
-
total
9 291
18 901
-
-
Dividends
52 650
107 099
-
-
withholding
10 827
22 495
-
-
total
10 827
22 495
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 832
41 396
60 868
56 037
After tax
77 168
84 604
65 132
69 963
Living cost
35 346
35 346
35 346
35 346
Free-cash
41 822
49 258
29 786
34 617

Estimated living cost  is ₽35346 per week

₽25384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6716
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
₽90405
₽84769
₽80382
₽84268
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
-
-
-
126 000
income
-
-
-
18 900
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
28 293
Employee
22 941
-
119 098
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
pensions

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

2 014
-
3 089
-
income
2 294
-
11 910
-
health
1 055
-
1 618
-
total
5 615
-
17 004
-
Employer
22 941
-
119 098
-
health
1 583
-
2 427
-
pensions

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

2 528
-
3 877
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
unemployment
138
-
211
-
total
4 501
-
6 902
-
Corporate
98 558
126 000
-
-
income
9 856
12 600
-
-
total
9 856
12 600
-
-
Dividends
88 702
113 400
-
-
withholding
4 435
5 670
-
-
total
4 435
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 407
18 270
23 906
28 293
After tax
101 593
107 730
102 094
97 707
Living cost
17 325
17 325
17 325
17 325
Free-cash
84 268
90 405
84 769
80 382

Estimated living cost  is ₽17325 per week

₽11459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
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.
₽4462
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
₽26100
₽45196
₽33825
₽39261
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.

-
-
-
126 000
income

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

-
-
-
33 274
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.

-
-
-
1 830
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.

-
-
-
6 871
trade
-
-
-
11 371
total
-
-
-
53 346
Employee

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

50 042
-
126 000
-
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.

227
-
1 830
-
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.

4 115
-
33 274
-
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.

6 871
-
6 871
-
total
11 213
-
41 975
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
75 958
126 000
-
-
income
11 394
18 901
-
-
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.

626
1 040
-
-
chamber of commerce
263
338
-
-
trade
10 900
18 080
-
-
total
23 183
38 359
-
-
Dividends
52 774
87 641
-
-
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.

704
1 183
-
-
withholding
12 810
21 529
-
-
total
13 514
22 712
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 910
61 071
41 975
53 346
After tax
78 090
64 929
84 025
72 654
Living cost
38 829
38 829
38 829
38 829
Free-cash
39 261
26 100
45 196
33 825

Estimated living cost  is ₽38829 per week

₽26785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
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.
₽7302
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
₽30908
₽23190
₽23190
₽33129
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
-
-
-
126 000
income
-
-
-
33 776
social contributions
-
-
-
11 742
total
-
-
-
45 518
Employee
78 672
-
126 000
-
income
14 845
-
33 776
-
social contributions
6 536
-
11 742
-
total
21 381
-
45 518
-
Employer
78 672
-
126 000
-
total
-
-
-
-
Corporate
47 328
126 000
-
-
income
5 917
15 750
-
-
total
5 917
15 750
-
-
Dividends
41 411
110 250
-
-
withholding
8 281
22 050
-
-
total
8 281
22 050
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 579
37 800
45 518
45 518
After tax
90 421
88 200
80 482
80 482
Living cost
57 292
57 292
57 292
57 292
Free-cash
33 129
30 908
23 190
23 190

Estimated living cost  is ₽57292 per week

₽43587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8489
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
₽40077
₽56202
₽54785
₽43590
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.

-
-
-
126 000
income
-
-
-
28 629
health

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

-
-
-
6 077
total
-
-
-
34 706
Employee
46 138
-
121 374
-
income
5 006
-
24 037
-
social contributions
4 623
-
4 626
-
total
9 629
-
28 663
-
Employer
46 138
-
121 374
-
social contributions
4 623
-
4 626
-
total
4 623
-
4 626
-
Corporate
75 240
126 000
-
-
income
26 335
44 100
-
-
total
26 335
44 100
-
-
Dividends
48 905
81 900
-
-
social contributions
5 314
5 314
-
-
total
5 314
5 314
-
-
Income
126 000
126 000
126 000
126 000
Total tax
45 901
49 414
33 289
34 706
After tax
80 099
76 586
92 711
91 294
Living cost
36 509
36 509
36 509
36 509
Free-cash
43 590
40 077
56 202
54 785

Estimated living cost  is ₽36509 per week

₽24048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9022
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
₽50746
₽38504
₽50183
₽51633
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
-
-
-
126 000
income
-
-
-
30 691
pensions
-
-
-
7 993
total
-
-
-
38 684
Employee
50 971
-
110 531
-
pensions
3 890
-
10 196
-
income
9 282
-
22 902
-
health
665
-
1 797
-
total
13 837
-
34 895
-
Employer
50 971
-
110 531
-
health
969
-
2 100
-
pensions
5 150
-
13 368
-
total
6 119
-
15 468
-
Corporate
68 911
126 000
-
-
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.

13 093
23 941
-
-
total
13 093
23 941
-
-
Dividends
55 818
102 059
-
-
withholding
4 185
14 180
-
-
total
4 185
14 180
-
-
Income
126 000
126 000
126 000
126 000
Total tax
37 234
38 121
50 363
38 684
After tax
88 766
87 879
75 637
87 316
Living cost
37 133
37 133
37 133
37 133
Free-cash
51 633
50 746
38 504
50 183

Estimated living cost  is ₽37133 per week

₽25473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7778
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
-₽14049
₽42311
₽62072
₽6486
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
-
-
-
126 000
accident
-
-
-
257
income
-
-
-
32 582
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
39 673
Employee
38 154
-
110 240
-
pensions
4 296
-
7 768
-
income
5 234
-
23 283
-
health
4 368
-
12 623
-
total
13 898
-
43 674
-
Employer
38 154
-
110 240
-
pensions
6 204
-
11 218
-
accident
637
-
1 841
-
unemployment
935
-
2 701
-
total
7 776
-
15 760
-
Corporate
80 071
126 000
-
-
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.

72 064
113 400
-
-
total
72 064
113 400
-
-
Dividends
8 007
12 600
-
-
withholding
1 521
2 394
-
-
total
1 521
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
95 259
115 794
59 434
39 673
After tax
30 741
10 206
66 566
86 327
Living cost
24 255
24 255
24 255
24 255
Free-cash
6 486
-14 049
42 311
62 072

Estimated living cost  is ₽24255 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
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.
₽4552
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
₽92440
₽70290
₽57761
₽87733
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.

-
-
-
126 000
income
-
-
-
20 000
unemployment
-
-
-
1 512
work injury
-
-
-
630
health insurance
-
-
-
9 324
pensions
-
-
-
23 184
total
-
-
-
54 650
Employee

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

21 742
-
126 000
-
health insurance
1 609
-
5 953
-
unemployment
261
-
965
-
work injury
109
-
402
-
pensions
4 000
-
14 801
-
income
2 174
-
20 000
-
total
8 153
-
42 121
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
104 258
126 000
-
-
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%.

1 043
1 260
-
-
total
1 043
1 260
-
-
Dividends
103 216
124 740
-
-
withholding
15 482
18 711
-
-
total
15 482
18 711
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 678
19 971
42 121
54 650
After tax
101 322
106 029
83 879
71 350
Living cost
13 589
13 589
13 589
13 589
Free-cash
87 733
92 440
70 290
57 761

Estimated living cost  is ₽13589 per week

₽8418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
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.
₽3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₽26301
₽15629
₽21391
₽21725
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
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
2 751
municipal
-
-
-
842
national
-
-
-
28 541
total
-
-
-
64 542
Employee
84 751
-
126 000
-
municipal
506
-
752
-
national
14 322
-
24 711
-
regional
1 280
-
2 354
-
social contributions
28 577
-
42 487
-
total
44 685
-
70 304
-
Employer
84 751
-
126 000
-
total
-
-
-
-
Corporate
41 249
126 000
-
-
municipal
1 989
6 073
-
-
nationa
9 900
30 240
-
-
total
11 889
36 313
-
-
Dividends
29 361
89 687
-
-
withholding
7 634
23 319
-
-
total
7 634
23 319
-
-
Income
126 000
126 000
126 000
126 000
Total tax
64 208
59 632
70 304
64 542
After tax
61 792
66 368
55 696
61 458
Living cost
40 067
40 067
40 067
40 067
Free-cash
21 725
26 301
15 629
21 391

Estimated living cost  is ₽40067 per week

₽28144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
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.
₽8560
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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