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
₽41544
₽34685
₽45249
₽54394
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
12 850
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.

-
-
-
6 526
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.

-
-
-
1 884
income

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

-
-
-
34 260
total
-
-
-
55 520
Employee

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

36 539
-
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.

56
-
1 884
-
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.

1 021
-
34 260
-
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.

6 526
-
6 526
-
total
7 603
-
42 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 461
126 000
-
-
trade
14 090
19 846
-
-
income
13 419
18 899
-
-
chamber of commerce
274
326
-
-
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.

738
1 039
-
-
total
28 521
40 110
-
-
Dividends
60 941
85 890
-
-
withholding
14 873
21 109
-
-
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.

818
1 160
-
-
total
15 691
22 269
-
-
Income
126 000
126 000
126 000
126 000
Total tax
51 815
62 379
42 670
55 520
After tax
74 185
63 621
83 330
70 480
Living cost
28 936
28 936
28 936
28 936
Free-cash
45 249
34 685
54 394
41 544

Estimated living cost  is ₽28936 per week

₽18201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24308
₽27677
₽26830
₽25296
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 442
pensions
-
-
-
15 120
social contributions
-
-
-
1 354
national
-
-
-
20 829
total
-
-
-
50 745
Employee
78 977
-
108 926
-
municipal
9 755
-
13 930
-
national
15 116
-
21 585
-
pensions
3 159
-
4 357
-
total
28 030
-
39 872
-
Employer
78 977
-
108 926
-
pensions
6 318
-
8 714
-
social contributions
849
-
1 171
-
total
7 167
-
9 885
-
Corporate
34 643
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%.

6 929
25 200
-
-
total
6 929
25 200
-
-
Dividends
27 714
100 800
-
-
withholding
6 097
22 176
-
-
total
6 097
22 176
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 223
47 376
49 757
50 745
After tax
77 777
78 624
76 243
75 255
Living cost
50 947
50 947
50 947
50 947
Free-cash
26 830
27 677
25 296
24 308

Estimated living cost  is ₽50947 per week

₽34628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽763
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17919
₽80926
₽73089
₽50798
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
32 130
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.

-
-
-
36 602
income
-
-
-
19 474
microenterprise
-
-
-
-
total
-
-
-
88 206
Employee
27 915
-
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.

3 071
-
11 169
-
surtax
-
-
-
-
income
4 969
-
19 697
-
total
8 040
-
30 866
-
Employer
27 915
-
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.

6 724
-
24 461
-
total
6 724
-
24 461
-
Corporate
91 361
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%.

18 272
25 199
-
-
total
18 272
25 199
-
-
Dividends

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

73 089
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
33 036
25 199
55 327
88 206
After tax
92 964
100 801
70 673
37 794
Living cost
19 875
19 875
19 875
19 875
Free-cash
73 089
80 926
50 798
17 919

Estimated living cost  is ₽19875 per week

₽12679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32484
₽21731
₽15878
₽31900
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 193
health
-
-
-
11 780
income
-
-
-
30 523
total
-
-
-
53 496
Employee
81 580
81 580
108 246
-
pensions
14 684
11 193
11 193
-
income

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

13 353
13 353
13 353
-
health
12 522
10 651
11 780
-
total
40 559
35 197
36 326
-
Employer
81 580
81 580
108 246
-
pensions
5 678
5 678
7 058
-
unemployment
2 937
2 937
3 649
-
health
5 671
5 671
7 047
-
total
14 286
14 286
17 754
-
Corporate
31 135
30 134
-
-
income
6 227
6 026
-
-
total
6 227
6 026
-
-
Dividends
24 908
24 108
-
-
withholding
3 736
3 617
-
-
income
5 294
5 123
-
-
total
9 030
8 740
-
-
Income
126 000
126 000
126 000
126 000
Total tax
70 102
64 249
54 080
53 496
After tax
55 898
61 751
71 920
72 504
Living cost
40 020
40 020
40 020
40 020
Free-cash
15 878
21 731
31 900
32 484

Estimated living cost  is ₽40020 per week

₽28361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽636
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27548
₽29360
₽28475
₽26485
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
30 107
pensions
-
-
-
9 343
health
-
-
-
5 393
other
-
-
-
10 043
unemployment
-
-
-
86
accident
-
-
-
173
national
-
-
-
3 871
total
-
-
-
59 016
Employee
56 193
-
98 844
-
municipal
16 757
-
29 475
-
national
-
-
3 448
-
total
16 757
-
32 923
-
Employer
56 193
-
98 844
-
pensions
6 074
-
9 343
-
other
6 530
-
10 043
-
unemployment
1 483
-
2 282
-
accident
112
-
173
-
health
3 456
-
5 315
-
total
17 655
-
27 156
-
Corporate
52 152
126 000
-
-
income
11 473
27 720
-
-
total
11 473
27 720
-
-
Dividends
40 678
98 280
-
-
withholding
12 204
29 484
-
-
total
12 204
29 484
-
-
Income
126 000
126 000
126 000
126 000
Total tax
58 089
57 204
60 079
59 016
After tax
67 911
68 796
65 921
66 984
Living cost
39 436
39 436
39 436
39 436
Free-cash
28 475
29 360
26 485
27 548

Estimated living cost  is ₽39436 per week

₽26137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3870
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.
₽8831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32380
₽25442
₽38866
₽45801
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
13 421
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.

-
-
-
6 526
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.

-
-
-
1 884
income

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

-
-
-
34 260
total
-
-
-
56 091
Employee

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

48 446
-
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.

228
-
1 884
-
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.

4 162
-
34 260
-
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.

6 526
-
6 526
-
total
10 916
-
42 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 554
126 000
-
-
trade
12 757
20 727
-
-
income
11 633
18 899
-
-
chamber of commerce
256
325
-
-
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.

640
1 039
-
-
total
25 286
40 990
-
-
Dividends
52 268
85 010
-
-
withholding
12 705
20 890
-
-
surtax

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

698
1 149
-
-
total
13 403
22 039
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 605
63 029
42 670
56 091
After tax
76 395
62 971
83 330
69 909
Living cost
37 529
37 529
37 529
37 529
Free-cash
38 866
25 442
45 801
32 380

Estimated living cost  is ₽37529 per week

₽25100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57181
₽61069
₽57106
₽55864
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 212
social contributions
-
-
-
15 457
income
-
-
-
19 164
total
-
-
-
37 833
Employee
73 459
73 459
115 638
-
social contributions
3 570
6 097
8 223
-
income
7 714
6 800
18 600
-
health
731
1 249
1 965
-
total
12 015
14 146
28 788
-
Employer
73 459
73 459
115 638
-
social contributions
3 570
6 097
8 223
-
health
796
1 360
2 139
-
total
4 366
7 457
10 362
-
Corporate
78 635
45 084
-
-
income
9 830
5 636
-
-
total
9 830
5 636
-
-
Dividends
68 805
39 448
-
-
withholding
11 697
6 706
-
-
total
11 697
6 706
-
-
Income
126 000
126 000
126 000
126 000
Total tax
37 908
33 945
39 150
37 833
After tax
88 092
92 055
86 850
88 167
Living cost
30 986
30 986
30 986
30 986
Free-cash
57 106
61 069
55 864
57 181

Estimated living cost  is ₽30986 per week

₽21182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69758
₽53343
₽53709
₽55513
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 600
health
-
-
-
8 820
unemployment
-
-
-
1 890
income
-
-
-
15 403
total
-
-
-
38 713
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.

25 303
10 070
105 439
-
pensions
2 530
1 007
10 544
-
unemployment
380
151
1 582
-
income
3 093
1 231
12 890
-
health
1 771
705
7 381
-
total
7 774
3 094
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.

25 303
10 070
105 439
-
pensions
4 934
1 964
20 561
-
total
4 934
1 964
20 561
-
Corporate
95 762
113 966
-
-
income
8 619
10 257
-
-
total
8 619
10 257
-
-
Dividends
87 144
103 709
-
-
withholding
16 557
19 705
-
-
social contributions
16 878
20 108
-
-
total
33 435
39 813
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 762
55 128
52 958
38 713
After tax
71 238
70 872
73 042
87 287
Living cost
17 529
17 529
17 529
17 529
Free-cash
53 709
53 343
55 513
69 758

Estimated living cost  is ₽17529 per week

₽11962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1434
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.
₽3783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44465
₽77727
₽71791
₽49549
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 199
health
-
-
-
16 379
income
-
-
-
16 883
total
-
-
-
58 461
Employee
27 101
-
94 169
-
pensions
542
-
1 884
-
unemployment
433
-
1 507
-
income
3 051
-
18 156
-
total
4 026
-
21 547
-
Employer
27 101
-
94 169
-
pensions
5 421
-
18 834
-
unemployment
218
-
754
-
health
3 522
-
12 242
-
total
9 161
-
31 830
-
Corporate
89 739
126 000
-
-
income
17 948
25 199
-
-
total
17 948
25 199
-
-
Dividends
71 791
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
31 135
25 199
53 377
58 461
After tax
94 865
100 801
72 623
67 539
Living cost
23 074
23 074
23 074
23 074
Free-cash
71 791
77 727
49 549
44 465

Estimated living cost  is ₽23074 per week

₽15827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1374
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.
₽5410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64899
-₽11193
₽6923
₽45448
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 047
health
-
-
-
2 121
other
-
-
-
360
accident
-
-
-
246
income
-
-
-
32 928
total
-
-
-
39 702
Employee
33 661
-
110 722
-
pensions
3 790
-
7 421
-
income
4 618
-
23 776
-
health
3 854
-
12 678
-
total
12 262
-
43 875
-
Employer
33 661
-
110 722
-
pensions
5 474
-
10 716
-
unemployment
825
-
2 713
-
accident
562
-
1 849
-
total
6 861
-
15 278
-
Corporate
85 479
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.

76 931
113 400
-
-
total
76 931
113 400
-
-
Dividends
8 548
12 600
-
-
withholding
1 624
2 394
-
-
total
1 624
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
97 678
115 794
59 153
39 702
After tax
28 322
10 206
66 847
86 298
Living cost
21 399
21 399
21 399
21 399
Free-cash
6 923
-11 193
45 448
64 899

Estimated living cost  is ₽21399 per week

₽15683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116899
₽111859
₽110389
₽92959
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
9 800
-
126 000
-
income
1 960
-
25 200
-
total
1 960
-
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%.

116 200
126 000
-
-
total
-
-
-
-
Dividends
116 200
126 000
-
-
withholding
5 810
6 300
-
-
total
5 810
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
7 770
6 300
25 200
1 260
After tax
118 230
119 700
100 800
124 740
Living cost
7 841
7 841
7 841
7 841
Free-cash
110 389
111 859
92 959
116 899

Estimated living cost  is ₽7841 per week

₽4859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41762
₽67117
₽60666
₽46971
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
30 239
health
-
-
-
5 544
other
-
-
-
5 984
income
-
-
-
17 016
total
-
-
-
58 783
Employee
34 687
-
100 639
-
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.

2 427
-
7 045
-
unemployment
346
-
1 006
-
income
5 972
-
18 753
-
health
486
-
1 409
-
total
9 231
-
28 213
-
Employer
34 687
-
100 639
-
pensions

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

5 897
-
17 108
-
other
1 735
-
5 033
-
unemployment
346
-
1 006
-
accident
277
-
805
-
health
486
-
1 409
-
total
8 741
-
25 361
-
Corporate
82 572
126 000
-
-
income
17 340
26 459
-
-
total
17 340
26 459
-
-
Dividends
65 231
99 541
-
-
withholding
4 567
6 969
-
-
total
4 567
6 969
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 879
33 428
53 574
58 783
After tax
86 121
92 572
72 426
67 217
Living cost
25 455
25 455
25 455
25 455
Free-cash
60 666
67 117
46 971
41 762

Estimated living cost  is ₽25455 per week

₽17986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23360
₽23613
₽18179
₽11732
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 696
income
-
-
-
31 704
total
-
-
-
39 400
Employee
89 475
-
110 444
-
pensions
8 632
-
9 763
-
income
16 129
-
23 949
-
health
1 474
-
1 760
-
total
26 235
-
35 472
-
Employer
89 475
-
110 444
-
pensions
10 564
-
13 457
-
health
1 699
-
2 099
-
total
12 263
-
15 556
-
Corporate
24 261
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.

4 609
23 940
-
-
total
4 609
23 940
-
-
Dividends
19 652
102 060
-
-
withholding
1 474
15 207
-
-
total
1 474
15 207
-
-
Income
126 000
126 000
126 000
126 000
Total tax
44 581
39 147
51 028
39 400
After tax
81 419
86 853
74 972
86 600
Living cost
63 240
63 240
63 240
63 240
Free-cash
18 179
23 613
11 732
23 360

Estimated living cost  is ₽63240 per week

₽47387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽85676
₽95211
₽90775
₽90163
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
4 936
health
-
-
-
3 836
unemployment
-
-
-
133
income
-
-
-
18 900
total
-
-
-
27 805
Employee
16 577
-
119 456
-
accident

We are using the highest rate at 1.1%.

183
-
367
-
pensions

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

1 456
-
2 929
-
income
1 657
-
11 945
-
health
762
-
1 534
-
total
4 058
-
16 775
-
Employer
16 577
-
119 456
-
pensions

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

1 827
-
3 675
-
unemployment
99
-
200
-
accident

We are using the highest rate at 1.1%.

183
-
367
-
health
1 144
-
2 301
-
total
3 253
-
6 543
-
Corporate
106 170
126 000
-
-
income
10 617
12 600
-
-
total
10 617
12 600
-
-
Dividends
95 553
113 400
-
-
withholding
4 778
5 670
-
-
total
4 778
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
22 706
18 270
23 318
27 805
After tax
103 294
107 730
102 682
98 195
Living cost
12 519
12 519
12 519
12 519
Free-cash
90 775
95 211
90 163
85 676

Estimated living cost  is ₽12519 per week

₽7309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽894
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19530
₽8777
₽11179
₽18946
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 193
health
-
-
-
11 780
income
-
-
-
30 523
total
-
-
-
53 496
Employee
88 570
81 580
108 246
-
pensions
11 193
11 193
11 193
-
income

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

13 353
13 353
13 353
-
health
11 050
10 651
11 780
-
total
35 596
35 197
36 326
-
Employer
88 570
81 580
108 246
-
pensions
6 164
5 678
7 058
-
unemployment
3 189
2 937
3 649
-
health
6 155
5 671
7 047
-
total
15 508
14 286
17 754
-
Corporate
21 923
30 134
-
-
income
4 385
6 026
-
-
total
4 385
6 026
-
-
Dividends
17 537
24 108
-
-
withholding
2 631
3 617
-
-
income
3 727
5 123
-
-
total
6 358
8 740
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 847
64 249
54 080
53 496
After tax
64 153
61 751
71 920
72 504
Living cost
52 974
52 974
52 974
52 974
Free-cash
11 179
8 777
18 946
19 530

Estimated living cost  is ₽52974 per week

₽39077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39897
₽63026
₽54561
₽40215
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
17 010
social contributions
-
-
-
34 140
solidarity contribution
-
-
-
-
income
-
-
-
11 228
total
-
-
-
62 378
Employee
34 890
-
94 030
-
social contributions
2 268
-
6 112
-
income
4 187
-
11 284
-
solidarity contribution
-
-
-
-
health
4 710
-
12 694
-
total
11 165
-
30 090
-
Employer
34 890
-
94 030
-
social contributions
8 723
-
23 507
-
health
3 140
-
8 463
-
total
11 863
-
31 970
-
Corporate
79 247
126 000
-
-
income
15 057
23 940
-
-
total
15 057
23 940
-
-
Dividends
64 190
102 060
-
-
withholding
9 629
15 309
-
-
total
9 629
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 714
39 249
62 060
62 378
After tax
78 286
86 751
63 940
63 622
Living cost
23 725
23 725
23 725
23 725
Free-cash
54 561
63 026
40 215
39 897

Estimated living cost  is ₽23725 per week

₽16480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22196
₽26913
₽21925
₽16199
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
749
regional
-
-
-
1 443
social contributions
-
-
-
32 407
national
-
-
-
28 894
total
-
-
-
63 493
Employee
84 903
-
126 000
-
social contributions
28 629
-
42 487
-
municipal
450
-
669
-
regional
801
-
1 271
-
national
14 712
-
25 063
-
total
44 592
-
69 490
-
Employer
84 903
-
126 000
-
total
-
-
-
-
Corporate
41 097
126 000
-
-
nationa
9 864
30 241
-
-
municipal
1 603
4 915
-
-
total
11 467
35 156
-
-
Dividends
29 631
90 844
-
-
withholding
7 705
23 620
-
-
total
7 705
23 620
-
-
Income
126 000
126 000
126 000
126 000
Total tax
63 764
58 776
69 490
63 493
After tax
62 236
67 224
56 510
62 507
Living cost
40 311
40 311
40 311
40 311
Free-cash
21 925
26 913
16 199
22 196

Estimated living cost  is ₽40311 per week

₽28100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38896
₽58172
₽55200
₽36815
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 199
health
-
-
-
8 947
surtax
-
-
-
3 838
other
-
-
-
-
unemployment
-
-
-
218
income
-
-
-
27 821
total
-
-
-
66 023
Employee
31 592
-
104 088
-
surtax
103
-
3 508
-
pensions
2 107
-
6 943
-
other
-
-
-
-
unemployment
2 199
-
7 244
-
income
5 295
-
25 845
-
health
807
-
2 654
-
total
10 511
-
46 194
-
Employer
31 592
-
104 088
-
pensions
4 211
-
13 874
-
other
-
-
-
-
unemployment
1 001
-
3 299
-
health
1 438
-
4 737
-
total
6 650
-
21 910
-
Corporate
87 759
126 000
-
-
income
22 817
32 761
-
-
total
22 817
32 761
-
-
Dividends
64 941
93 239
-
-
withholding
9 741
13 986
-
-
total
9 741
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 719
46 747
68 104
66 023
After tax
76 281
79 253
57 896
59 977
Living cost
21 081
21 081
21 081
21 081
Free-cash
55 200
58 172
36 815
38 896

Estimated living cost  is ₽21081 per week

₽12890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43396
₽43649
₽43759
₽31768
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 696
income
-
-
-
31 704
total
-
-
-
39 400
Employee
59 964
-
110 444
-
pensions
5 090
-
9 763
-
income
10 800
-
23 949
-
health
870
-
1 760
-
total
16 760
-
35 472
-
Employer
59 964
-
110 444
-
pensions
6 491
-
13 457
-
health
1 139
-
2 099
-
total
7 630
-
15 556
-
Corporate
58 406
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.

11 098
23 940
-
-
total
11 098
23 940
-
-
Dividends
47 308
102 060
-
-
withholding
3 549
15 207
-
-
total
3 549
15 207
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 037
39 147
51 028
39 400
After tax
86 963
86 853
74 972
86 600
Living cost
43 204
43 204
43 204
43 204
Free-cash
43 759
43 649
31 768
43 396

Estimated living cost  is ₽43204 per week

₽32368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽27652
-₽18705
₽13949
₽21428
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
5 059
city
-
-
-
1 329
pensions
-
-
-
11 593
health
-
-
-
284
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.

-
-
-
2 521
national
-
-
-
1 241
total
-
-
-
22 027
Employee
89 316
-
112 776
-
regional
2 925
-
4 358
-
national
423
-
972
-
pensions
7 504
-
9 474
-
unemployment
-
-
-
-
city
959
-
1 211
-
health
202
-
253
-
total
12 013
-
16 268
-
Employer
89 316
-
112 776
-
pensions
7 504
-
9 474
-
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.

1 786
-
2 256
-
unemployment
-
-
-
-
health
202
-
253
-
total
9 492
-
11 983
-
Corporate
26 211
126 000
-
-
regional
5 543
26 649
-
-
national
2 229
10 711
-
-
total
7 772
37 360
-
-
Dividends
18 439
88 640
-
-
withholding
6 453
31 024
-
-
total
6 453
31 024
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 730
68 384
28 251
22 027
After tax
90 270
57 616
97 749
103 973
Living cost
76 321
76 321
76 321
76 321
Free-cash
13 949
-18 705
21 428
27 652

Estimated living cost  is ₽76321 per week

₽49631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽937
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽25574
₽18559
₽34051
₽39566
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
13 992
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.

-
-
-
6 526
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.

-
-
-
1 884
income

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

-
-
-
34 260
total
-
-
-
56 662
Employee

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

57 413
-
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.

372
-
1 884
-
income

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

6 751
-
34 260
-
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.

6 526
-
6 526
-
total
13 649
-
42 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 587
126 000
-
-
trade
11 762
21 610
-
-
income
10 288
18 899
-
-
chamber of commerce
241
323
-
-
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.

566
1 039
-
-
total
22 857
41 871
-
-
Dividends
45 730
84 129
-
-
withholding
11 070
20 669
-
-
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.

609
1 137
-
-
total
11 679
21 806
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 185
63 677
42 670
56 662
After tax
77 815
62 323
83 330
69 338
Living cost
43 764
43 764
43 764
43 764
Free-cash
34 051
18 559
39 566
25 574

Estimated living cost  is ₽43764 per week

₽31963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3501
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.
₽7732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39004
₽30818
₽36461
₽41296
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
26 498
health
-
-
-
4 008
surtax
-
-
-
-
other
-
-
-
3 907
social contributions
-
-
-
3 590
income
-
-
-
16 308
total
-
-
-
54 311
Employee
40 886
-
99 994
-
social contributions
1 166
-
2 850
-
surtax
-
-
-
-
pensions
4 623
-
5 925
-
income
2 413
-
17 238
-
total
8 202
-
26 013
-
Employer
40 886
-
99 994
-
pensions
6 717
-
10 158
-
social contributions
123
-
299
-
other
1 410
-
3 463
-
unemployment
1 655
-
4 050
-
health
2 863
-
8 036
-
total
12 768
-
26 006
-
Corporate
72 346
126 000
-
-
income
20 257
35 281
-
-
surtax
-
-
-
-
total
20 257
35 281
-
-
Dividends
52 088
90 719
-
-
withholding
6 668
11 612
-
-
surtax
-
-
-
-
social contributions
8 959
15 604
-
-
total
15 627
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 854
62 497
52 019
54 311
After tax
69 146
63 503
73 981
71 689
Living cost
32 685
32 685
32 685
32 685
Free-cash
36 461
30 818
41 296
39 004

Estimated living cost  is ₽32685 per week

₽20609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42243
₽34057
₽39363
₽44535
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
26 498
health
-
-
-
4 008
surtax
-
-
-
-
other
-
-
-
3 907
social contributions
-
-
-
3 590
income
-
-
-
16 308
total
-
-
-
54 311
Employee
36 497
-
99 994
-
social contributions
1 041
-
2 850
-
surtax
-
-
-
-
pensions
4 128
-
5 925
-
income
1 882
-
17 238
-
total
7 051
-
26 013
-
Employer
36 497
-
99 994
-
pensions
5 997
-
10 158
-
social contributions
109
-
299
-
other
1 260
-
3 463
-
unemployment
1 478
-
4 050
-
health
2 554
-
8 036
-
total
11 398
-
26 006
-
Corporate
78 106
126 000
-
-
income
21 869
35 281
-
-
surtax
-
-
-
-
total
21 869
35 281
-
-
Dividends
56 237
90 719
-
-
withholding
7 199
11 612
-
-
surtax
-
-
-
-
social contributions
9 674
15 604
-
-
total
16 873
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 191
62 497
52 019
54 311
After tax
68 809
63 503
73 981
71 689
Living cost
29 446
29 446
29 446
29 446
Free-cash
39 363
34 057
44 535
42 243

Estimated living cost  is ₽29446 per week

₽17077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60663
₽56613
₽57111
₽59305
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 794
social contributions
-
-
-
17 387
income
-
-
-
18 899
total
-
-
-
45 080
Employee
32 391
-
126 000
-
social contributions
4 471
-
17 387
-
income
5 402
-
20 257
-
health
2 261
-
8 794
-
total
12 134
-
46 438
-
Employer
32 391
-
126 000
-
total
-
-
-
-
Corporate
93 609
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%.

4 681
6 300
-
-
total
4 681
6 300
-
-
Dividends
88 928
119 700
-
-
withholding
13 339
17 955
-
-
social contributions
12 271
16 519
-
-
health
6 207
8 356
-
-
total
31 817
42 830
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 632
49 130
46 438
45 080
After tax
77 368
76 870
79 562
80 920
Living cost
20 257
20 257
20 257
20 257
Free-cash
57 111
56 613
59 305
60 663

Estimated living cost  is ₽20257 per week

₽13557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29822
₽36457
₽34980
₽641
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
20 647
health
-
-
-
8 537
surtax
-
-
-
189
unemployment
-
-
-
5 859
income
-
-
-
26 780
chamber of commerce
-
-
-
504
total
-
-
-
62 516
Employee
47 742
38 071
97 692
-
pensions
4 889
3 898
10 004
-
other
477
381
977
-
unemployment
1 432
1 142
2 931
-
income
5 435
2 808
22 179
-
health
1 847
1 474
3 780
-
total
14 080
9 703
39 871
-
Employer
47 742
38 071
97 692
-
payroll
1 432
1 142
2 931
-
chamber of commerce
190
152
392
-
pensions
5 992
4 779
12 261
-
surtax
189
189
189
-
other
2 268
1 807
4 641
-
unemployment
1 432
1 142
2 931
-
accident
620
495
1 271
-
health
1 804
1 439
3 693
-
total
13 927
11 145
28 309
-
Corporate
64 331
76 784
94 066
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

16 082
19 197
23 517
-
total
16 082
19 197
23 517
-
Dividends
48 249
57 587
-
-
withholding
13 269
15 836
-
-
total
13 269
15 836
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 358
55 881
91 697
62 516
After tax
68 642
70 119
34 303
63 484
Living cost
33 662
33 662
33 662
33 662
Free-cash
34 980
36 457
641
29 822

Estimated living cost  is ₽33662 per week

₽22451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽21228
₽35724
₽21397
₽11889
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 939
communal

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

-
-
-
6 363
national
-
-
-
43 638
total
-
-
-
69 940
Employee

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

68 334
-
97 592
-
national
21 009
-
33 027
-
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.

5 125
-
7 319
-
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.

595
-
848
-
communal

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

3 564
-
5 091
-
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.

3 211
-
4 587
-
total
33 504
-
50 872
-
Employer

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

68 334
-
97 592
-
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.

6 055
-
8 647
-
surtax
7 748
-
11 066
-
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.

997
-
1 425
-
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.

888
-
1 267
-
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.

4 202
-
6 002
-
total
19 890
-
28 407
-
Corporate
37 775
126 000
-
-
income
7 554
25 199
-
-
surtax
150
504
-
-
total
7 704
25 703
-
-
Dividends
30 070
100 297
-
-
withholding

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

8 673
29 741
-
-
total
8 673
29 741
-
-
Income
126 000
126 000
126 000
126 000
Total tax
69 771
55 444
79 279
69 940
After tax
56 229
70 556
46 721
56 060
Living cost
34 832
34 832
34 832
34 832
Free-cash
21 397
35 724
11 889
21 228

Estimated living cost  is ₽34832 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35937
₽49998
₽42716
₽31347
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 058
other
-
-
-
89
unemployment
-
-
-
620
accident
-
-
-
798
income
-
-
-
28 998
total
-
-
-
55 563
Employee
47 553
-
97 771
-
pensions
2 235
-
4 162
-
other
47
-
89
-
unemployment
738
-
1 372
-
income
10 033
-
26 302
-
total
13 053
-
31 925
-
Employer
47 553
-
97 771
-
pensions
11 222
-
20 897
-
other
379
-
709
-
unemployment
2 616
-
4 869
-
accident
941
-
1 753
-
total
15 158
-
28 228
-
Corporate
63 289
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.

9 494
18 899
-
-
total
9 494
18 899
-
-
Dividends
53 795
107 101
-
-
withholding
11 079
22 603
-
-
total
11 079
22 603
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 784
41 502
60 153
55 563
After tax
77 216
84 498
65 847
70 437
Living cost
34 500
34 500
34 500
34 500
Free-cash
42 716
49 998
31 347
35 937

Estimated living cost  is ₽34500 per week

₽25406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15112
₽23841
₽14096
₽20136
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
18 885
health
-
-
-
8 854
surtax
-
-
-
6 247
accident
-
-
-
1 062
communal
-
-
-
7 964
income
-
-
-
15 960
total
-
-
-
58 972
Employee
72 345
-
112 550
-
surtax
4 434
-
6 898
-
pensions
5 787
-
9 005
-
income
6 988
-
19 588
-
health
3 220
-
5 007
-
total
20 429
-
40 498
-
Employer
72 345
-
112 550
-
pensions
5 787
-
9 005
-
accident
651
-
1 013
-
health
2 206
-
3 432
-
total
8 644
-
13 450
-
Corporate
45 011
126 000
-
-
communal
3 038
8 504
-
-
income
6 751
18 899
-
-
surtax
473
1 323
-
-
total
10 262
28 726
-
-
Dividends
34 748
97 273
-
-
withholding
5 212
14 590
-
-
income
15 441
6 927
-
-
total
20 653
21 517
-
-
Income
126 000
126 000
126 000
126 000
Total tax
59 988
50 243
53 948
58 972
After tax
66 012
75 757
72 052
67 028
Living cost
51 916
51 916
51 916
51 916
Free-cash
14 096
23 841
20 136
15 112

Estimated living cost  is ₽51916 per week

₽38945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38519
₽57796
₽54759
₽36438
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 199
health
-
-
-
8 947
surtax
-
-
-
3 838
other
-
-
-
-
unemployment
-
-
-
218
income
-
-
-
27 821
total
-
-
-
66 023
Employee
32 172
-
104 088
-
surtax
114
-
3 508
-
pensions
2 146
-
6 943
-
other
-
-
-
-
unemployment
2 239
-
7 244
-
income
5 393
-
25 845
-
health
821
-
2 654
-
total
10 713
-
46 194
-
Employer
32 172
-
104 088
-
pensions
4 289
-
13 874
-
other
-
-
-
-
unemployment
1 021
-
3 299
-
health
1 463
-
4 737
-
total
6 773
-
21 910
-
Corporate
87 055
126 000
-
-
income
22 634
32 761
-
-
total
22 634
32 761
-
-
Dividends
64 421
93 239
-
-
withholding
9 663
13 986
-
-
total
9 663
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 783
46 747
68 104
66 023
After tax
76 217
79 253
57 896
59 977
Living cost
21 458
21 458
21 458
21 458
Free-cash
54 759
57 796
36 438
38 519

Estimated living cost  is ₽21458 per week

₽12955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36315
₽40495
₽38374
₽30351
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
749
regional
-
-
-
1 901
social contributions
-
-
-
32 407
national
-
-
-
28 894
total
-
-
-
63 951
Employee
52 993
-
126 000
-
social contributions
17 870
-
42 487
-
municipal
281
-
669
-
regional
713
-
1 696
-
national
8 396
-
25 063
-
total
27 260
-
69 915
-
Employer
52 993
-
126 000
-
total
-
-
-
-
Corporate
73 007
126 000
-
-
nationa
17 522
30 241
-
-
municipal
3 628
6 262
-
-
total
21 150
36 503
-
-
Dividends
51 858
89 497
-
-
withholding
13 482
23 268
-
-
total
13 482
23 268
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 892
59 771
69 915
63 951
After tax
64 108
66 229
56 085
62 049
Living cost
25 734
25 734
25 734
25 734
Free-cash
38 374
40 495
30 351
36 315

Estimated living cost  is ₽25734 per week

₽16004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34386
₽57515
₽47086
₽34704
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
17 010
social contributions
-
-
-
34 140
solidarity contribution
-
-
-
-
income
-
-
-
11 228
total
-
-
-
62 378
Employee
42 994
-
94 030
-
social contributions
2 795
-
6 112
-
income
5 159
-
11 284
-
solidarity contribution
-
-
-
-
health
5 804
-
12 694
-
total
13 758
-
30 090
-
Employer
42 994
-
94 030
-
social contributions
10 748
-
23 507
-
health
3 869
-
8 463
-
total
14 617
-
31 970
-
Corporate
68 388
126 000
-
-
income
12 994
23 940
-
-
total
12 994
23 940
-
-
Dividends
55 395
102 060
-
-
withholding
8 309
15 309
-
-
total
8 309
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 678
39 249
62 060
62 378
After tax
76 322
86 751
63 940
63 622
Living cost
29 236
29 236
29 236
29 236
Free-cash
47 086
57 515
34 704
34 386

Estimated living cost  is ₽29236 per week

₽21742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33195
₽39743
₽39269
₽3860
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
20 647
health
-
-
-
8 537
surtax
-
-
-
-
unemployment
-
-
-
5 859
income
-
-
-
26 780
chamber of commerce
-
-
-
504
total
-
-
-
62 327
Employee
41 760
38 071
97 840
-
pensions
4 277
3 898
10 018
-
other
417
381
979
-
unemployment
1 253
1 142
2 935
-
income
3 720
2 808
22 230
-
health
1 615
1 474
3 787
-
total
11 282
9 703
39 949
-
Employer
41 760
38 071
97 840
-
payroll
1 253
1 142
2 935
-
chamber of commerce
167
152
392
-
pensions
5 241
4 779
12 279
-
surtax
-
-
-
-
other
1 983
1 807
4 648
-
unemployment
1 253
1 142
2 935
-
accident
542
495
1 273
-
health
1 579
1 439
3 698
-
total
12 018
10 956
28 160
-
Corporate
72 223
76 972
94 215
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

18 056
19 244
23 553
-
total
18 056
19 244
23 553
-
Dividends
54 166
57 728
-
-
withholding
14 897
15 876
-
-
total
14 897
15 876
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 253
55 779
91 662
62 327
After tax
69 747
70 221
34 338
63 673
Living cost
30 478
30 478
30 478
30 478
Free-cash
39 269
39 743
3 860
33 195

Estimated living cost  is ₽30478 per week

₽18283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3113
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.
₽8539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112522
₽107482
₽105190
₽88582
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
15 273
-
126 000
-
income
3 055
-
25 200
-
total
3 055
-
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%.

110 727
126 000
-
-
total
-
-
-
-
Dividends
110 727
126 000
-
-
withholding
5 537
6 300
-
-
total
5 537
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
8 592
6 300
25 200
1 260
After tax
117 408
119 700
100 800
124 740
Living cost
12 218
12 218
12 218
12 218
Free-cash
105 190
107 482
88 582
112 522

Estimated living cost  is ₽12218 per week

₽8268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38060
₽61127
₽53138
₽34620
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
23 011
health
-
-
-
12 398
unemployment
-
-
-
189
income
-
-
-
26 718
total
-
-
-
62 316
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.

42 244
-
109 026
-
pensions
6 548
-
16 900
-
unemployment
60
-
152
-
income
7 285
-
24 687
-
health
2 728
-
7 043
-
total
16 621
-
48 782
-
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.

42 244
-
109 026
-
pensions
3 738
-
9 648
-
unemployment
25
-
65
-
health
2 814
-
7 261
-
total
6 577
-
16 974
-
Corporate
77 178
126 000
-
-
income
14 664
23 939
-
-
total
14 664
23 939
-
-
Dividends
62 514
102 061
-
-
withholding
9 376
15 310
-
-
total
9 376
15 310
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 238
39 249
65 756
62 316
After tax
78 762
86 751
60 244
63 684
Living cost
25 624
25 624
25 624
25 624
Free-cash
53 138
61 127
34 620
38 060

Estimated living cost  is ₽25624 per week

₽17585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45249
₽34831
-₽18538
₽71420
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 364
income
-
-
-
24 560
total
-
-
-
38 924
Employee
59 975
-
-
-
social contributions
4 918
-
701
-
income
13 229
-
-
-
total
18 147
-
701
-
Employer
59 975
-
-
-
social contributions
84 564
-
12 052
-
total
84 564
-
12 052
-
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
102 711
49 342
12 753
38 924
After tax
23 289
76 658
113 247
87 076
Living cost
41 827
41 827
41 827
41 827
Free-cash
-18 538
34 831
71 420
45 249

Estimated living cost  is ₽41827 per week

₽27139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3934
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.
₽10221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38938
₽41705
₽40741
₽30674
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
income
-
-
-
13 312
total
-
-
-
57 097
Employee
43 937
-
101 818
-
social contributions
4 833
-
11 200
-
surtax
-
-
-
-
income
9 139
-
29 979
-
total
13 972
-
41 179
-
Employer
43 937
-
101 818
-
social contributions
10 435
-
24 182
-
total
10 435
-
24 182
-
Corporate
71 628
126 000
-
-
income
15 042
26 459
-
-
surtax
-
-
-
-
total
15 042
26 459
-
-
Dividends
56 586
99 541
-
-
withholding
15 845
27 871
-
-
total
15 845
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 294
54 330
65 361
57 097
After tax
70 706
71 670
60 639
68 903
Living cost
29 965
29 965
29 965
29 965
Free-cash
40 741
41 705
30 674
38 938

Estimated living cost  is ₽29965 per week

₽22420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25548
₽17362
₽23930
₽27840
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
26 498
health
-
-
-
4 008
surtax
-
-
-
-
other
-
-
-
3 907
social contributions
-
-
-
3 590
income
-
-
-
16 308
total
-
-
-
54 311
Employee
59 833
-
99 994
-
social contributions
1 704
-
2 850
-
surtax
-
-
-
-
pensions
6 768
-
5 925
-
income
5 221
-
17 238
-
total
13 693
-
26 013
-
Employer
59 833
-
99 994
-
pensions
9 831
-
10 158
-
social contributions
179
-
299
-
other
2 065
-
3 463
-
unemployment
2 424
-
4 050
-
health
4 188
-
8 036
-
total
18 687
-
26 006
-
Corporate
47 479
126 000
-
-
income
13 294
35 281
-
-
surtax
-
-
-
-
total
13 294
35 281
-
-
Dividends
34 185
90 719
-
-
withholding
4 376
11 612
-
-
surtax
-
-
-
-
social contributions
5 879
15 604
-
-
total
10 255
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 929
62 497
52 019
54 311
After tax
70 071
63 503
73 981
71 689
Living cost
46 141
46 141
46 141
46 141
Free-cash
23 930
17 362
27 840
25 548

Estimated living cost  is ₽46141 per week

₽31227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10506
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65539
₽84684
₽81473
₽68887
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 719
income
-
-
-
4 026
total
-
-
-
31 745
Employee
30 712
-
109 091
-
social contributions
1 996
-
7 090
-
income
-
-
4 398
-
total
1 996
-
11 488
-
Employer
30 712
-
109 091
-
social contributions
4 761
-
16 909
-
total
4 761
-
16 909
-
Corporate
90 527
126 000
-
-
income
9 054
12 600
-
-
total
9 054
12 600
-
-
Dividends
81 473
113 400
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
15 811
12 600
28 397
31 745
After tax
110 189
113 400
97 603
94 255
Living cost
28 716
28 716
28 716
28 716
Free-cash
81 473
84 684
68 887
65 539

Estimated living cost  is ₽28716 per week

₽18568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30787
-₽81908
-₽81908
-₽81908
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
24 997
pensions
-
-
-
827
labour market
-
-
-
10 014
national
-
-
-
13 419
total
-
-
-
49 257
Employee
193 971
193 971
193 971
-
municipal
41 305
41 305
41 305
-
national
23 697
23 697
23 697
-
pensions
276
276
276
-
labour market
15 496
15 496
15 496
-
total
80 774
80 774
80 774
-
Employer
193 971
193 971
193 971
-
labour market
15 518
15 518
15 518
-
pensions
551
551
551
-
municipal
41 371
41 371
41 371
-
national
23 738
23 738
23 738
-
total
81 178
81 178
81 178
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
161 952
161 952
161 952
49 257
After tax
-35 952
-35 952
-35 952
76 743
Living cost
45 956
45 956
45 956
45 956
Free-cash
-81 908
-81 908
-81 908
30 787

Estimated living cost  is ₽45956 per week

₽31453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4065
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽707
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65215
-₽10877
₽6970
₽45764
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 047
health
-
-
-
2 121
other
-
-
-
360
accident
-
-
-
246
income
-
-
-
32 928
total
-
-
-
39 702
Employee
33 165
-
110 722
-
pensions
3 735
-
7 421
-
income
4 550
-
23 776
-
health
3 798
-
12 678
-
total
12 083
-
43 875
-
Employer
33 165
-
110 722
-
pensions
5 393
-
10 716
-
unemployment
813
-
2 713
-
accident
554
-
1 849
-
total
6 760
-
15 278
-
Corporate
86 076
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.

77 468
113 400
-
-
total
77 468
113 400
-
-
Dividends
8 608
12 600
-
-
withholding
1 636
2 394
-
-
total
1 636
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
97 947
115 794
59 153
39 702
After tax
28 053
10 206
66 847
86 298
Living cost
21 083
21 083
21 083
21 083
Free-cash
6 970
-10 877
45 764
65 215

Estimated living cost  is ₽21083 per week

₽15346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49385
₽44773
₽45381
₽32110
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
22 402
health
-
-
-
1 541
national
-
-
-
15 995
total
-
-
-
39 938
Employee
50 261
-
105 998
-
municipal
8 232
-
17 284
-
national
830
-
9 951
-
pensions
3 392
-
7 155
-
unemployment
754
-
1 590
-
health
375
-
1 233
-
total
13 583
-
37 213
-
Employer
50 261
-
105 998
-
pensions
8 720
-
18 390
-
unemployment
326
-
689
-
accident
51
-
105
-
health
386
-
816
-
total
9 483
-
20 000
-
Corporate
66 256
126 000
-
-
income
13 250
25 199
-
-
total
13 250
25 199
-
-
Dividends

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

39 754
75 601
-
-
municipal
7 155
13 608
-
-
national
471
5 743
-
-
total
7 626
19 351
-
-
Income
126 000
126 000
126 000
126 000
Total tax
43 942
44 550
57 213
39 938
After tax
82 058
81 450
68 787
86 062
Living cost
36 677
36 677
36 677
36 677
Free-cash
45 381
44 773
32 110
49 385

Estimated living cost  is ₽36677 per week

₽23957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66049
₽69937
₽64742
₽64732
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 212
social contributions
-
-
-
15 457
income
-
-
-
19 164
total
-
-
-
37 833
Employee
73 459
73 459
115 638
-
social contributions
2 777
6 097
8 223
-
income
7 998
6 800
18 600
-
health
569
1 249
1 965
-
total
11 344
14 146
28 788
-
Employer
73 459
73 459
115 638
-
social contributions
2 777
6 097
8 223
-
health
618
1 360
2 139
-
total
3 395
7 457
10 362
-
Corporate
89 141
45 084
-
-
income
11 142
5 636
-
-
total
11 142
5 636
-
-
Dividends
77 999
39 448
-
-
withholding
13 259
6 706
-
-
total
13 259
6 706
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 140
33 945
39 150
37 833
After tax
86 860
92 055
86 850
88 167
Living cost
22 118
22 118
22 118
22 118
Free-cash
64 742
69 937
64 732
66 049

Estimated living cost  is ₽22118 per week

₽13256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2170
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.
₽6204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88800
₽89173
₽84310
₽69639
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 077
health
-
-
-
3 457
unemployment
-
-
-
27
income
-
-
-
12 471
total
-
-
-
22 032
Employee

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

21 928
-
116 664
-
pensions
3 289
-
13 597
-
unemployment
109
-
453
-
income
1 499
-
10 102
-
health
1 864
-
7 705
-
total
6 761
-
31 857
-
Employer

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

21 928
-
116 664
-
pensions
1 206
-
4 985
-
unemployment
109
-
453
-
health
943
-
3 898
-
total
2 258
-
9 336
-
Corporate
101 815
126 000
-
-
income
9 164
11 340
-
-
total
9 164
11 340
-
-
Dividends
92 651
114 660
-
-
withholding
8 339
10 319
-
-
total
8 339
10 319
-
-
Income
126 000
126 000
126 000
126 000
Total tax
26 522
21 659
41 193
22 032
After tax
99 478
104 341
84 807
103 968
Living cost
15 168
15 168
15 168
15 168
Free-cash
84 310
89 173
69 639
88 800

Estimated living cost  is ₽15168 per week

₽9677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽44167
₽58228
₽53546
₽39577
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 058
other
-
-
-
89
unemployment
-
-
-
620
accident
-
-
-
798
income
-
-
-
28 998
total
-
-
-
55 563
Employee
35 324
-
97 771
-
pensions
1 661
-
4 162
-
other
34
-
89
-
unemployment
547
-
1 372
-
income
6 810
-
26 302
-
total
9 052
-
31 925
-
Employer
35 324
-
97 771
-
pensions
8 336
-
20 897
-
other
283
-
709
-
unemployment
1 943
-
4 869
-
accident
700
-
1 753
-
total
11 262
-
28 228
-
Corporate
79 415
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.

11 913
18 899
-
-
total
11 913
18 899
-
-
Dividends
67 502
107 101
-
-
withholding
13 957
22 603
-
-
total
13 957
22 603
-
-
Income
126 000
126 000
126 000
126 000
Total tax
46 184
41 502
60 153
55 563
After tax
79 816
84 498
65 847
70 437
Living cost
26 270
26 270
26 270
26 270
Free-cash
53 546
58 228
39 577
44 167

Estimated living cost  is ₽26270 per week

₽17732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78943
₽76761
₽76455
₽78810
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
1 359
health
-
-
-
985
income
-
-
-
42 850
total
-
-
-
45 194
Employee
2 838
-
124 471
-
pensions
255
-
612
-
unemployment
28
-
68
-
income
549
-
42 778
-
health
142
-
340
-
total
974
-
43 798
-
Employer
2 838
-
124 471
-
pensions
312
-
747
-
unemployment
57
-
136
-
health
270
-
646
-
total
639
-
1 529
-
Corporate
122 524
126 000
-
-
income
26 955
27 720
-
-
total
26 955
27 720
-
-
Dividends
95 569
98 280
-
-
withholding
19 114
19 656
-
-
total
19 114
19 656
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 682
47 376
45 327
45 194
After tax
78 318
78 624
80 673
80 806
Living cost
1 863
1 863
1 863
1 863
Free-cash
76 455
76 761
78 810
78 943

Estimated living cost  is ₽1863 per week

₽1107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55301
₽74522
₽69825
₽55302
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
18 348
health
-
-
-
7 268
unemployment
-
-
-
1 059
income
-
-
-
27 511
total
-
-
-
54 186
Employee

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

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

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

24 901
-
113 368
-
pensions
3 486
-
9 880
-
unemployment
187
-
529
-
income
3 432
-
27 511
-
health
1 282
-
3 634
-
total
8 387
-
41 554
-
Employer

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

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

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

24 901
-
113 368
-
pensions
2 988
-
8 468
-
unemployment
187
-
529
-
health
1 282
-
3 634
-
total
4 457
-
12 631
-
Corporate
96 642
126 000
-
-
income
14 496
18 900
-
-
total
14 496
18 900
-
-
Dividends
82 145
107 100
-
-
withholding
12 322
16 065
-
-
total
12 322
16 065
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 662
34 965
54 185
54 186
After tax
86 338
91 035
71 815
71 814
Living cost
16 513
16 513
16 513
16 513
Free-cash
69 825
74 522
55 302
55 301

Estimated living cost  is ₽16513 per week

₽11118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1277
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.
₽3640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43148
₽45915
₽45569
₽34884
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
income
-
-
-
13 312
total
-
-
-
57 097
Employee
37 078
-
101 818
-
social contributions
4 079
-
11 200
-
surtax
-
-
-
-
income
7 245
-
29 979
-
total
11 324
-
41 179
-
Employer
37 078
-
101 818
-
social contributions
8 805
-
24 182
-
total
8 805
-
24 182
-
Corporate
80 117
126 000
-
-
income
16 824
26 459
-
-
surtax
-
-
-
-
total
16 824
26 459
-
-
Dividends
63 293
99 541
-
-
withholding
17 723
27 871
-
-
total
17 723
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 676
54 330
65 361
57 097
After tax
71 324
71 670
60 639
68 903
Living cost
25 755
25 755
25 755
25 755
Free-cash
45 569
45 915
34 884
43 148

Estimated living cost  is ₽25755 per week

₽18241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1789
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36863
₽50924
₽43968
₽32273
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
25 058
other
-
-
-
89
unemployment
-
-
-
620
accident
-
-
-
798
income
-
-
-
28 998
total
-
-
-
55 563
Employee
46 137
-
97 771
-
pensions
2 168
-
4 162
-
other
45
-
89
-
unemployment
714
-
1 372
-
income
9 636
-
26 302
-
total
12 563
-
31 925
-
Employer
46 137
-
97 771
-
pensions
10 888
-
20 897
-
other
370
-
709
-
unemployment
2 538
-
4 869
-
accident
914
-
1 753
-
total
14 710
-
28 228
-
Corporate
65 153
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.

9 773
18 899
-
-
total
9 773
18 899
-
-
Dividends
55 379
107 101
-
-
withholding
11 412
22 603
-
-
total
11 412
22 603
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 458
41 502
60 153
55 563
After tax
77 542
84 498
65 847
70 437
Living cost
33 574
33 574
33 574
33 574
Free-cash
43 968
50 924
32 273
36 863

Estimated living cost  is ₽33574 per week

₽24111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81769
₽91304
₽85484
₽86256
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
4 936
health
-
-
-
3 836
unemployment
-
-
-
133
income
-
-
-
18 900
total
-
-
-
27 805
Employee
21 750
-
119 456
-
accident

We are using the highest rate at 1.1%.

239
-
367
-
pensions

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

1 909
-
2 929
-
income
2 175
-
11 945
-
health
1 001
-
1 534
-
total
5 324
-
16 775
-
Employer
21 750
-
119 456
-
pensions

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

2 397
-
3 675
-
unemployment
131
-
200
-
accident

We are using the highest rate at 1.1%.

239
-
367
-
health
1 501
-
2 301
-
total
4 268
-
6 543
-
Corporate
99 982
126 000
-
-
income
9 999
12 600
-
-
total
9 999
12 600
-
-
Dividends
89 984
113 400
-
-
withholding
4 499
5 670
-
-
total
4 499
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 090
18 270
23 318
27 805
After tax
101 910
107 730
102 682
98 195
Living cost
16 426
16 426
16 426
16 426
Free-cash
85 484
91 304
86 256
81 769

Estimated living cost  is ₽16426 per week

₽10864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34740
₽28032
₽40531
₽46448
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
11 708
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.

-
-
-
6 526
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.

-
-
-
1 884
income

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

-
-
-
34 260
total
-
-
-
54 378
Employee

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

47 533
-
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.

216
-
1 884
-
income

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

3 909
-
34 260
-
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.

6 526
-
6 526
-
total
10 651
-
42 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 467
126 000
-
-
trade
11 260
18 082
-
-
income
11 769
18 899
-
-
chamber of commerce
259
330
-
-
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.

647
1 039
-
-
total
23 935
38 350
-
-
Dividends
54 531
87 650
-
-
withholding
13 270
21 550
-
-
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.

731
1 186
-
-
total
14 001
22 736
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 587
61 086
42 670
54 378
After tax
77 413
64 914
83 330
71 622
Living cost
36 882
36 882
36 882
36 882
Free-cash
40 531
28 032
46 448
34 740

Estimated living cost  is ₽36882 per week

₽25442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25123
₽33781
₽35891
₽25123
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 848
income
-
-
-
34 610
total
-
-
-
46 458
Employee
74 727
-
126 000
-
social contributions
6 208
-
11 848
-
income
14 101
-
34 610
-
total
20 309
-
46 458
-
Employer
74 727
-
126 000
-
total
-
-
-
-
Corporate
51 273
126 000
-
-
income
6 409
15 750
-
-
total
6 409
15 750
-
-
Dividends
44 864
110 250
-
-
withholding
8 972
22 050
-
-
total
8 972
22 050
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 690
37 800
46 458
46 458
After tax
90 310
88 200
79 542
79 542
Living cost
54 419
54 419
54 419
54 419
Free-cash
35 891
33 781
25 123
25 123

Estimated living cost  is ₽54419 per week

₽41401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4434
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58253
₽42175
₽45514
₽57491
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
5 876
income
-
-
-
27 193
total
-
-
-
33 069
Employee
43 824
-
121 606
-
social contributions
4 391
-
4 394
-
income
4 755
-
25 043
-
total
9 146
-
29 437
-
Employer
43 824
-
121 606
-
social contributions
4 391
-
4 394
-
total
4 391
-
4 394
-
Corporate
77 785
126 000
-
-
income
27 224
44 100
-
-
total
27 224
44 100
-
-
Dividends
50 561
81 900
-
-
social contributions
5 047
5 047
-
-
total
5 047
5 047
-
-
Income
126 000
126 000
126 000
126 000
Total tax
45 808
49 147
33 831
33 069
After tax
80 192
76 853
92 169
92 931
Living cost
34 678
34 678
34 678
34 678
Free-cash
45 514
42 175
57 491
58 253

Estimated living cost  is ₽34678 per week

₽22842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51477
₽51730
₽53948
₽39849
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 696
income
-
-
-
31 704
total
-
-
-
39 400
Employee
48 212
-
110 444
-
pensions
3 680
-
9 763
-
income
8 780
-
23 949
-
health
629
-
1 760
-
total
13 089
-
35 472
-
Employer
48 212
-
110 444
-
pensions
4 871
-
13 457
-
health
916
-
2 099
-
total
5 787
-
15 556
-
Corporate
72 001
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.

13 680
23 940
-
-
total
13 680
23 940
-
-
Dividends
58 321
102 060
-
-
withholding
4 373
15 207
-
-
total
4 373
15 207
-
-
Income
126 000
126 000
126 000
126 000
Total tax
36 929
39 147
51 028
39 400
After tax
89 071
86 853
74 972
86 600
Living cost
35 123
35 123
35 123
35 123
Free-cash
53 948
51 730
39 849
51 477

Estimated living cost  is ₽35123 per week

₽24094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽63128
-₽12964
₽6653
₽43677
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 047
health
-
-
-
2 121
other
-
-
-
360
accident
-
-
-
246
income
-
-
-
32 928
total
-
-
-
39 702
Employee
36 448
-
110 722
-
pensions
4 104
-
7 421
-
income
5 000
-
23 776
-
health
4 173
-
12 678
-
total
13 277
-
43 875
-
Employer
36 448
-
110 722
-
pensions
5 926
-
10 716
-
unemployment
893
-
2 713
-
accident
609
-
1 849
-
total
7 428
-
15 278
-
Corporate
82 124
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.

73 912
113 400
-
-
total
73 912
113 400
-
-
Dividends
8 212
12 600
-
-
withholding
1 560
2 394
-
-
total
1 560
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
96 177
115 794
59 153
39 702
After tax
29 823
10 206
66 847
86 298
Living cost
23 170
23 170
23 170
23 170
Free-cash
6 653
-12 964
43 677
63 128

Estimated living cost  is ₽23170 per week

₽17004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58322
₽93138
₽88672
₽71986
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
23 184
health insurance
-
-
-
9 324
work injury
-
-
-
630
unemployment
-
-
-
1 512
income
-
-
-
20 137
total
-
-
-
54 787
Employee

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

20 625
-
126 000
-
pensions
3 795
-
14 041
-
health insurance
1 526
-
5 647
-
unemployment
248
-
916
-
income
2 063
-
20 137
-
work injury
103
-
382
-
total
7 735
-
41 123
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
105 375
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%.

1 054
1 260
-
-
total
1 054
1 260
-
-
Dividends
104 321
124 740
-
-
withholding
15 648
18 711
-
-
total
15 648
18 711
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 437
19 971
41 123
54 787
After tax
101 563
106 029
84 877
71 213
Living cost
12 891
12 891
12 891
12 891
Free-cash
88 672
93 138
71 986
58 322

Estimated living cost  is ₽12891 per week

₽7986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽23000
₽28309
₽23965
₽17239
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
843
regional
-
-
-
2 798
social contributions
-
-
-
32 407
national
-
-
-
28 894
total
-
-
-
64 942
Employee
80 501
-
126 000
-
social contributions
27 144
-
42 487
-
municipal
480
-
752
-
regional
1 215
-
2 401
-
national
13 604
-
25 063
-
total
42 443
-
70 703
-
Employer
80 501
-
126 000
-
total
-
-
-
-
Corporate
45 499
126 000
-
-
nationa
10 919
30 241
-
-
municipal
2 194
6 073
-
-
total
13 113
36 314
-
-
Dividends
32 386
89 686
-
-
withholding
8 421
23 319
-
-
total
8 421
23 319
-
-
Income
126 000
126 000
126 000
126 000
Total tax
63 977
59 633
70 703
64 942
After tax
62 023
66 367
55 297
61 058
Living cost
38 058
38 058
38 058
38 058
Free-cash
23 965
28 309
17 239
23 000

Estimated living cost  is ₽38058 per week

₽26733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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