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
₽54247
₽34416
₽41463
₽45083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 587
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.

-
-
-
34 086
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.

-
-
-
1 875
trade
-
-
-
12 784
total
-
-
-
55 332
Employee

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

36 879
-
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.

57
-
1 875
-
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.

1 030
-
34 086
-
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.

6 587
-
6 587
-
total
7 674
-
42 548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 121
126 000
-
-
chamber of commerce
274
328
-
-
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.

736
1 039
-
-
trade
14 036
19 846
-
-
income
13 368
18 900
-
-
total
28 414
40 113
-
-
Dividends
60 707
85 888
-
-
surtax

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

814
1 160
-
-
withholding
14 810
21 106
-
-
total
15 624
22 266
-
-
Income
126 000
126 000
126 000
126 000
Total tax
51 712
62 379
42 548
55 332
After tax
74 288
63 621
83 452
70 668
Living cost
29 205
29 205
29 205
29 205
Free-cash
45 083
34 416
54 247
41 463

Estimated living cost  is ₽29205 per week

₽18371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25322
₽27704
₽24334
₽26857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
social contributions
-
-
-
1 354
pensions
-
-
-
15 120
national
-
-
-
20 830
municipal
-
-
-
13 442
total
-
-
-
50 746
Employee
78 935
-
108 926
-
municipal
9 750
-
13 930
-
national
15 108
-
21 586
-
pensions
3 157
-
4 357
-
total
28 015
-
39 873
-
Employer
78 935
-
108 926
-
pensions
6 315
-
8 714
-
social contributions
849
-
1 171
-
total
7 164
-
9 885
-
Corporate
34 692
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%.

6 938
25 200
-
-
total
6 938
25 200
-
-
Dividends
27 754
100 800
-
-
withholding
6 106
22 176
-
-
total
6 106
22 176
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 223
47 376
49 758
50 746
After tax
77 777
78 624
76 242
75 254
Living cost
50 920
50 920
50 920
50 920
Free-cash
26 857
27 704
25 322
24 334

Estimated living cost  is ₽50920 per week

₽34610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽762
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50624
₽80742
₽17482
₽72831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
36 943
income
-
-
-
19 386
surtax
-
-
-
32 130
microenterprise
-
-
-
-
total
-
-
-
88 459
Employee
28 174
-
101 540
-
surtax
-
-
-
-
social contributions

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

3 100
-
11 169
-
income
5 015
-
19 688
-
total
8 115
-
30 857
-
Employer
28 174
-
101 540
-
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.

6 787
-
24 460
-
total
6 787
-
24 460
-
Corporate
91 039
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%.

18 208
25 199
-
-
total
18 208
25 199
-
-
Dividends

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

72 831
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
33 110
25 199
55 317
88 459
After tax
92 890
100 801
70 683
37 541
Living cost
20 059
20 059
20 059
20 059
Free-cash
72 831
80 742
50 624
17 482

Estimated living cost  is ₽20059 per week

₽12797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4896
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31025
₽21337
₽32220
₽15429
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 890
income
-
-
-
30 201
pensions
-
-
-
11 297
total
-
-
-
53 388
Employee
82 339
82 339
108 081
-
income

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

13 478
13 478
13 478
-
pensions
14 821
11 297
11 297
-
health
12 638
10 750
11 890
-
total
40 937
35 525
36 665
-
Employer
82 339
82 339
108 081
-
unemployment
2 964
2 964
3 683
-
health
5 723
5 723
7 112
-
pensions
5 731
5 731
7 123
-
total
14 418
14 418
17 918
-
Corporate
30 253
29 243
-
-
income
6 051
5 848
-
-
total
6 051
5 848
-
-
Dividends
24 202
23 395
-
-
income
5 143
4 971
-
-
withholding
3 630
3 509
-
-
total
8 773
8 480
-
-
Income
126 000
126 000
126 000
126 000
Total tax
70 179
64 271
54 583
53 388
After tax
55 821
61 729
71 417
72 612
Living cost
40 392
40 392
40 392
40 392
Free-cash
15 429
21 337
31 025
32 220

Estimated living cost  is ₽40392 per week

₽28625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽642
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25893
₽28725
₽26973
₽27825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
10 205
health
-
-
-
5 480
accident
-
-
-
176
pensions
-
-
-
9 494
national
-
-
-
3 527
unemployment
-
-
-
88
municipal
-
-
-
29 986
total
-
-
-
58 956
Employee
57 098
-
98 406
-
municipal
17 027
-
29 345
-
national
-
-
3 097
-
total
17 027
-
32 442
-
Employer
57 098
-
98 406
-
other
6 635
-
10 205
-
unemployment
1 507
-
2 318
-
health
3 512
-
5 401
-
accident
114
-
176
-
pensions
6 172
-
9 494
-
total
17 940
-
27 594
-
Corporate
50 962
126 000
-
-
income
11 212
27 720
-
-
total
11 212
27 720
-
-
Dividends
39 750
98 280
-
-
withholding
11 925
29 484
-
-
total
11 925
29 484
-
-
Income
126 000
126 000
126 000
126 000
Total tax
58 104
57 204
60 036
58 956
After tax
67 896
68 796
65 964
67 044
Living cost
40 071
40 071
40 071
40 071
Free-cash
27 825
28 725
25 893
26 973

Estimated living cost  is ₽40071 per week

₽26558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽609
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45574
₽25096
₽32220
₽38644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 587
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.

-
-
-
34 086
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.

-
-
-
1 875
trade
-
-
-
13 354
total
-
-
-
55 902
Employee

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

48 897
-
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.

231
-
1 875
-
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.

4 201
-
34 086
-
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.

6 587
-
6 587
-
total
11 019
-
42 548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
77 103
126 000
-
-
chamber of commerce
256
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.

637
1 039
-
-
trade
12 684
20 727
-
-
income
11 566
18 900
-
-
total
25 143
40 992
-
-
Dividends
51 961
85 008
-
-
surtax

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

693
1 149
-
-
withholding
12 623
20 885
-
-
total
13 316
22 034
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 478
63 026
42 548
55 902
After tax
76 522
62 974
83 452
70 098
Living cost
37 878
37 878
37 878
37 878
Free-cash
38 644
25 096
45 574
32 220

Estimated living cost  is ₽37878 per week

₽25333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55591
₽60788
₽56913
₽56787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 600
health
-
-
-
3 213
income
-
-
-
19 000
total
-
-
-
37 813
Employee
74 142
74 142
115 563
-
social contributions
3 603
6 153
8 300
-
income
7 786
6 863
18 433
-
health
737
1 261
1 965
-
total
12 126
14 277
28 698
-
Employer
74 142
74 142
115 563
-
health
803
1 372
2 137
-
social contributions
3 603
6 153
8 300
-
total
4 406
7 525
10 437
-
Corporate
78 194
44 332
-
-
income
9 775
5 542
-
-
total
9 775
5 542
-
-
Dividends
68 420
38 789
-
-
withholding
11 632
6 594
-
-
total
11 632
6 594
-
-
Income
126 000
126 000
126 000
126 000
Total tax
37 939
33 938
39 135
37 813
After tax
88 061
92 062
86 865
88 187
Living cost
31 274
31 274
31 274
31 274
Free-cash
56 787
60 788
55 591
56 913

Estimated living cost  is ₽31274 per week

₽21379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2443
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55250
₽53086
₽69495
₽53456
S + D Salary + Dividends

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

Dividends

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

Salary

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

25 684
10 222
105 439
-
income
3 140
1 250
12 890
-
pensions
2 568
1 022
10 544
-
health
1 798
716
7 381
-
unemployment
385
153
1 582
-
total
7 891
3 141
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.

25 684
10 222
105 439
-
pensions
5 008
1 993
20 561
-
total
5 008
1 993
20 561
-
Corporate
95 308
113 785
-
-
income
8 578
10 241
-
-
total
8 578
10 241
-
-
Dividends
86 730
103 544
-
-
social contributions
16 796
20 074
-
-
withholding
16 479
19 673
-
-
total
33 275
39 747
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 752
55 122
52 958
38 713
After tax
71 248
70 878
73 042
87 287
Living cost
17 792
17 792
17 792
17 792
Free-cash
53 456
53 086
55 250
69 495

Estimated living cost  is ₽17792 per week

₽12142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1456
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽356
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49336
₽77512
₽44247
₽71522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 380
income
-
-
-
16 885
pensions
-
-
-
25 199
total
-
-
-
58 464
Employee
27 353
-
94 168
-
income
3 079
-
18 157
-
pensions
547
-
1 883
-
unemployment
437
-
1 506
-
total
4 063
-
21 546
-
Employer
27 353
-
94 168
-
unemployment
220
-
754
-
health
3 555
-
12 241
-
pensions
5 471
-
18 834
-
total
9 246
-
31 829
-
Corporate
89 401
126 000
-
-
income
17 880
25 199
-
-
total
17 880
25 199
-
-
Dividends
71 521
100 801
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
31 189
25 199
53 375
58 464
After tax
94 811
100 801
72 625
67 536
Living cost
23 289
23 289
23 289
23 289
Free-cash
71 522
77 512
49 336
44 247

Estimated living cost  is ₽23289 per week

₽15974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45383
-₽11244
₽64850
₽6916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
361
health
-
-
-
2 126
accident
-
-
-
246
income
-
-
-
32 910
pensions
-
-
-
4 057
total
-
-
-
39 700
Employee
33 742
-
110 697
-
income
4 629
-
23 750
-
pensions
3 799
-
7 439
-
health
3 864
-
12 675
-
total
12 292
-
43 864
-
Employer
33 742
-
110 697
-
unemployment
827
-
2 712
-
accident
563
-
1 849
-
pensions
5 487
-
10 742
-
total
6 877
-
15 303
-
Corporate
85 381
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.

76 843
113 400
-
-
total
76 843
113 400
-
-
Dividends
8 538
12 600
-
-
withholding
1 622
2 394
-
-
total
1 622
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
97 634
115 794
59 167
39 700
After tax
28 366
10 206
66 833
86 300
Living cost
21 450
21 450
21 450
21 450
Free-cash
6 916
-11 244
45 383
64 850

Estimated living cost  is ₽21450 per week

₽15721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92905
₽111805
₽116845
₽110324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 869
-
126 000
-
income
1 974
-
25 200
-
total
1 974
-
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%.

116 131
126 000
-
-
total
-
-
-
-
Dividends
116 131
126 000
-
-
withholding
5 807
6 300
-
-
total
5 807
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
7 781
6 300
25 200
1 260
After tax
118 219
119 700
100 800
124 740
Living cost
7 895
7 895
7 895
7 895
Free-cash
110 324
111 805
92 905
116 845

Estimated living cost  is ₽7895 per week

₽4893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46771
₽66880
₽41561
₽60372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
5 985
health
-
-
-
5 544
income
-
-
-
16 978
pensions

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

-
-
-
30 240
total
-
-
-
58 747
Employee
35 009
-
100 638
-
income
6 027
-
18 715
-
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.

2 450
-
7 045
-
health
490
-
1 409
-
unemployment
349
-
1 006
-
total
9 316
-
28 175
-
Employer
35 009
-
100 638
-
other
1 751
-
5 034
-
unemployment
349
-
1 006
-
health
490
-
1 409
-
accident
280
-
805
-
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.

5 952
-
17 108
-
total
8 822
-
25 362
-
Corporate
82 168
126 000
-
-
income
17 255
26 460
-
-
total
17 255
26 460
-
-
Dividends
64 913
99 540
-
-
withholding
4 543
6 968
-
-
total
4 543
6 968
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 936
33 428
53 537
58 747
After tax
86 064
92 572
72 463
67 253
Living cost
25 692
25 692
25 692
25 692
Free-cash
60 372
66 880
46 771
41 561

Estimated living cost  is ₽25692 per week

₽18153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5390
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽10893
₽22878
₽22538
₽16941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
income
-
-
-
31 416
pensions
-
-
-
7 780
total
-
-
-
39 196
Employee
90 927
-
110 469
-
income
16 391
-
23 654
-
health
1 498
-
1 770
-
pensions
8 772
-
9 886
-
total
26 661
-
35 310
-
Employer
90 927
-
110 469
-
health
1 727
-
2 099
-
pensions
10 736
-
13 432
-
total
12 463
-
15 531
-
Corporate
22 610
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.

4 296
23 939
-
-
total
4 296
23 939
-
-
Dividends
18 314
102 061
-
-
withholding
1 373
14 917
-
-
total
1 373
14 917
-
-
Income
126 000
126 000
126 000
126 000
Total tax
44 793
38 856
50 841
39 196
After tax
81 207
87 144
75 159
86 804
Living cost
64 266
64 266
64 266
64 266
Free-cash
16 941
22 878
10 893
22 538

Estimated living cost  is ₽64266 per week

₽48156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽90283
₽95275
₽85785
₽90860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 816
income
-
-
-
18 900
pensions

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

-
-
-
4 911
unemployment
-
-
-
133
total
-
-
-
27 760
Employee
16 492
-
119 490
-
income
1 649
-
11 949
-
accident

We are using the highest rate at 1.1%.

182
-
365
-
pensions

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

1 448
-
2 913
-
health
759
-
1 526
-
total
4 038
-
16 753
-
Employer
16 492
-
119 490
-
unemployment
99
-
199
-
health
1 138
-
2 289
-
accident

We are using the highest rate at 1.1%.

182
-
365
-
pensions

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

1 818
-
3 656
-
total
3 237
-
6 509
-
Corporate
106 272
126 000
-
-
income
10 627
12 600
-
-
total
10 627
12 600
-
-
Dividends
95 645
113 400
-
-
withholding
4 783
5 670
-
-
total
4 783
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
22 685
18 270
23 262
27 760
After tax
103 315
107 730
102 738
98 240
Living cost
12 455
12 455
12 455
12 455
Free-cash
90 860
95 275
90 283
85 785

Estimated living cost  is ₽12455 per week

₽7271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17951
₽8263
₽19146
₽10688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 890
income
-
-
-
30 201
pensions
-
-
-
11 297
total
-
-
-
53 388
Employee
89 394
82 339
108 081
-
income

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

13 478
13 478
13 478
-
pensions
11 297
11 297
11 297
-
health
11 152
10 750
11 890
-
total
35 927
35 525
36 665
-
Employer
89 394
82 339
108 081
-
unemployment
3 219
2 964
3 683
-
health
6 212
5 723
7 112
-
pensions
6 221
5 731
7 123
-
total
15 652
14 418
17 918
-
Corporate
20 955
29 243
-
-
income
4 190
5 848
-
-
total
4 190
5 848
-
-
Dividends
16 765
23 395
-
-
income
3 563
4 971
-
-
withholding
2 514
3 509
-
-
total
6 077
8 480
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 846
64 271
54 583
53 388
After tax
64 154
61 729
71 417
72 612
Living cost
53 466
53 466
53 466
53 466
Free-cash
10 688
8 263
17 951
19 146

Estimated living cost  is ₽53466 per week

₽39440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽613
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40113
₽62924
₽39671
₽54423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 287
health
-
-
-
17 010
income
-
-
-
11 205
solidarity contribution
-
-
-
-
total
-
-
-
62 502
Employee
35 040
-
94 030
-
social contributions
2 278
-
6 112
-
solidarity contribution
-
-
-
-
income
4 205
-
11 284
-
health
4 730
-
12 694
-
total
11 213
-
30 090
-
Employer
35 040
-
94 030
-
health
3 154
-
8 463
-
social contributions
8 760
-
23 507
-
total
11 914
-
31 970
-
Corporate
79 046
126 000
-
-
income
15 019
23 940
-
-
total
15 019
23 940
-
-
Dividends
64 027
102 060
-
-
withholding
9 604
15 309
-
-
total
9 604
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 750
39 249
62 060
62 502
After tax
78 250
86 751
63 940
63 498
Living cost
23 827
23 827
23 827
23 827
Free-cash
54 423
62 924
40 113
39 671

Estimated living cost  is ₽23827 per week

₽16551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15889
₽26539
₽21886
₽21505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 407
national
-
-
-
28 831
regional
-
-
-
1 442
municipal
-
-
-
748
total
-
-
-
63 428
Employee
85 692
-
126 000
-
social contributions
28 895
-
42 487
-
municipal
454
-
668
-
national
14 848
-
25 002
-
regional
809
-
1 268
-
total
45 006
-
69 425
-
Employer
85 692
-
126 000
-
total
-
-
-
-
Corporate
40 308
126 000
-
-
nationa
9 674
30 240
-
-
municipal
1 572
4 915
-
-
total
11 246
35 155
-
-
Dividends
29 062
90 845
-
-
withholding
7 557
23 620
-
-
total
7 557
23 620
-
-
Income
126 000
126 000
126 000
126 000
Total tax
63 809
58 775
69 425
63 428
After tax
62 191
67 225
56 575
62 572
Living cost
40 686
40 686
40 686
40 686
Free-cash
21 505
26 539
15 889
21 886

Estimated living cost  is ₽40686 per week

₽28361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽624
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36770
₽57976
₽38852
₽54976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
-
health
-
-
-
8 947
income
-
-
-
27 695
pensions
-
-
-
25 199
surtax
-
-
-
3 810
unemployment
-
-
-
220
total
-
-
-
65 871
Employee
31 886
-
104 091
-
surtax
104
-
3 480
-
income
5 345
-
25 723
-
other
-
-
-
-
pensions
2 126
-
6 942
-
health
814
-
2 655
-
unemployment
2 219
-
7 244
-
total
10 608
-
46 044
-
Employer
31 886
-
104 091
-
other
-
-
-
-
unemployment
1 010
-
3 299
-
health
1 451
-
4 735
-
pensions
4 251
-
13 875
-
total
6 712
-
21 909
-
Corporate
87 403
126 000
-
-
income
22 726
32 760
-
-
total
22 726
32 760
-
-
Dividends
64 677
93 240
-
-
withholding
9 701
13 987
-
-
total
9 701
13 987
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 747
46 747
67 953
65 871
After tax
76 253
79 253
58 047
60 129
Living cost
21 277
21 277
21 277
21 277
Free-cash
54 976
57 976
36 770
38 852

Estimated living cost  is ₽21277 per week

₽13010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31254
₽43239
₽42899
₽42940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
income
-
-
-
31 416
pensions
-
-
-
7 780
total
-
-
-
39 196
Employee
60 937
-
110 469
-
income
10 975
-
23 654
-
health
885
-
1 770
-
pensions
5 172
-
9 886
-
total
17 032
-
35 310
-
Employer
60 937
-
110 469
-
health
1 158
-
2 099
-
pensions
6 596
-
13 432
-
total
7 754
-
15 531
-
Corporate
57 309
126 000
-
-
income

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

10 888
23 939
-
-
total
10 888
23 939
-
-
Dividends
46 421
102 061
-
-
withholding
3 481
14 917
-
-
total
3 481
14 917
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 155
38 856
50 841
39 196
After tax
86 845
87 144
75 159
86 804
Living cost
43 905
43 905
43 905
43 905
Free-cash
42 940
43 239
31 254
42 899

Estimated living cost  is ₽43905 per week

₽32893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽19848
-₽20385
₽26096
₽12990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other

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

-
-
-
2 520
health
-
-
-
284
pensions
-
-
-
11 594
city
-
-
-
1 328
national
-
-
-
1 196
regional
-
-
-
4 980
total
-
-
-
21 902
Employee
91 283
-
112 778
-
national
432
-
935
-
city
980
-
1 212
-
pensions
7 669
-
9 472
-
health
206
-
254
-
regional
2 989
-
4 295
-
unemployment
-
-
-
-
total
12 276
-
16 168
-
Employer
91 283
-
112 778
-
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.

1 825
-
2 256
-
unemployment
-
-
-
-
health
206
-
254
-
pensions
7 669
-
9 472
-
total
9 700
-
11 982
-
Corporate
24 013
126 000
-
-
regional
5 079
26 649
-
-
national
2 041
10 710
-
-
total
7 120
37 359
-
-
Dividends
16 893
88 641
-
-
withholding
5 912
31 024
-
-
total
5 912
31 024
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 008
68 383
28 150
21 902
After tax
90 992
57 617
97 850
104 098
Living cost
78 002
78 002
78 002
78 002
Free-cash
12 990
-20 385
19 848
26 096

Estimated living cost  is ₽78002 per week

₽50724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽958
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽39281
₽18156
₽25360
₽33788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 587
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.

-
-
-
34 086
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.

-
-
-
1 875
trade
-
-
-
13 921
total
-
-
-
56 469
Employee

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

57 947
-
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.

375
-
1 875
-
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.

6 814
-
34 086
-
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.

6 587
-
6 587
-
total
13 776
-
42 548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 053
126 000
-
-
chamber of commerce
242
324
-
-
surtax

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

562
1 039
-
-
trade
11 672
21 609
-
-
income
10 208
18 900
-
-
total
22 684
41 872
-
-
Dividends
45 370
84 128
-
-
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.

604
1 136
-
-
withholding
10 977
20 665
-
-
total
11 581
21 801
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 041
63 673
42 548
56 469
After tax
77 959
62 327
83 452
69 531
Living cost
44 171
44 171
44 171
44 171
Free-cash
33 788
18 156
39 281
25 360

Estimated living cost  is ₽44171 per week

₽32260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3533
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.
₽7804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41166
₽30516
₽38725
₽36212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
3 907
social contributions
-
-
-
3 590
health
-
-
-
3 960
income
-
-
-
16 184
pensions
-
-
-
26 645
surtax
-
-
-
-
total
-
-
-
54 286
Employee
41 266
-
100 080
-
surtax
-
-
-
-
social contributions
1 177
-
2 853
-
income
2 435
-
17 177
-
pensions
4 666
-
5 894
-
total
8 278
-
25 924
-
Employer
41 266
-
100 080
-
other
1 424
-
3 453
-
unemployment
1 671
-
4 053
-
health
2 889
-
8 001
-
pensions
6 779
-
10 114
-
social contributions
124
-
300
-
total
12 887
-
25 921
-
Corporate
71 847
126 000
-
-
surtax
-
-
-
-
income
20 116
35 279
-
-
total
20 116
35 279
-
-
Dividends
51 730
90 721
-
-
social contributions
8 896
15 604
-
-
surtax
-
-
-
-
withholding
6 622
11 612
-
-
total
15 518
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 799
62 495
51 845
54 286
After tax
69 201
63 505
74 155
71 714
Living cost
32 989
32 989
32 989
32 989
Free-cash
36 212
30 516
41 166
38 725

Estimated living cost  is ₽32989 per week

₽20801
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44435
₽33785
₽41994
₽39141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
3 907
social contributions
-
-
-
3 590
health
-
-
-
3 960
income
-
-
-
16 184
pensions
-
-
-
26 645
surtax
-
-
-
-
total
-
-
-
54 286
Employee
36 836
-
100 080
-
surtax
-
-
-
-
social contributions
1 050
-
2 853
-
income
1 899
-
17 177
-
pensions
4 166
-
5 894
-
total
7 115
-
25 924
-
Employer
36 836
-
100 080
-
other
1 272
-
3 453
-
unemployment
1 491
-
4 053
-
health
2 578
-
8 001
-
pensions
6 053
-
10 114
-
social contributions
110
-
300
-
total
11 504
-
25 921
-
Corporate
77 660
126 000
-
-
surtax
-
-
-
-
income
21 745
35 279
-
-
total
21 745
35 279
-
-
Dividends
55 916
90 721
-
-
social contributions
9 617
15 604
-
-
surtax
-
-
-
-
withholding
7 158
11 612
-
-
total
16 775
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 139
62 495
51 845
54 286
After tax
68 861
63 505
74 155
71 714
Living cost
29 720
29 720
29 720
29 720
Free-cash
39 141
33 785
44 435
41 994

Estimated living cost  is ₽29720 per week

₽17236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59160
₽56425
₽60470
₽56926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 388
health
-
-
-
8 796
income
-
-
-
18 900
total
-
-
-
45 084
Employee
32 692
-
126 000
-
social contributions
4 512
-
17 388
-
income
5 453
-
20 210
-
health
2 282
-
8 796
-
total
12 247
-
46 394
-
Employer
32 692
-
126 000
-
total
-
-
-
-
Corporate
93 308
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%.

4 666
6 300
-
-
total
4 666
6 300
-
-
Dividends
88 642
119 700
-
-
social contributions
12 232
16 519
-
-
withholding
13 297
17 955
-
-
health
6 186
8 355
-
-
total
31 715
42 829
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 628
49 129
46 394
45 084
After tax
77 372
76 871
79 606
80 916
Living cost
20 446
20 446
20 446
20 446
Free-cash
56 926
56 425
59 160
60 470

Estimated living cost  is ₽20446 per week

₽13683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽446
₽36158
₽29426
₽34666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 616
income
-
-
-
26 537
chamber of commerce
-
-
-
503
pensions
-
-
-
20 839
surtax
-
-
-
190
unemployment
-
-
-
5 914
total
-
-
-
62 599
Employee
48 186
38 425
97 692
-
income
5 486
2 834
22 072
-
other
481
384
977
-
pensions
4 935
3 934
10 003
-
health
1 865
1 488
3 780
-
unemployment
1 446
1 153
2 931
-
total
14 213
9 793
39 763
-
Employer
48 186
38 425
97 692
-
other
2 289
1 824
4 640
-
unemployment
1 446
1 153
2 931
-
health
1 821
1 453
3 692
-
surtax
190
190
190
-
accident
626
500
1 270
-
pensions
6 047
4 823
12 261
-
payroll
1 446
1 153
2 931
-
chamber of commerce
192
154
392
-
total
14 057
11 250
28 307
-
Corporate
63 757
76 326
94 032
-
income

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

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

15 939
19 081
23 509
-
total
15 939
19 081
23 509
-
Dividends
47 818
57 245
-
-
withholding
13 150
15 743
-
-
total
13 150
15 743
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 359
55 867
91 579
62 599
After tax
68 641
70 133
34 421
63 401
Living cost
33 975
33 975
33 975
33 975
Free-cash
34 666
36 158
446
29 426

Estimated living cost  is ₽33975 per week

₽22660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2898
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.
₽7859
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11654
₽35405
₽20983
₽20943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 958
communal

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

-
-
-
6 362
national
-
-
-
43 541
total
-
-
-
69 861
Employee

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

68 970
-
97 591
-
national
21 204
-
32 939
-
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.

5 173
-
7 319
-
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.

3 240
-
4 585
-
communal

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

3 597
-
5 090
-
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.

600
-
849
-
total
33 814
-
50 782
-
Employer

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

68 970
-
97 591
-
unemployment

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

1 006
-
1 425
-
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.

4 241
-
6 002
-
surtax
7 820
-
11 066
-
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.

897
-
1 268
-
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.

6 111
-
8 647
-
total
20 075
-
28 408
-
Corporate
36 954
126 000
-
-
surtax
148
503
-
-
income
7 390
25 199
-
-
total
7 538
25 702
-
-
Dividends
29 415
100 297
-
-
withholding

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

8 474
29 737
-
-
total
8 474
29 737
-
-
Income
126 000
126 000
126 000
126 000
Total tax
69 901
55 439
79 190
69 861
After tax
56 099
70 561
46 810
56 139
Living cost
35 156
35 156
35 156
35 156
Free-cash
20 943
35 405
11 654
20 983

Estimated living cost  is ₽35156 per week

₽22645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30899
₽49694
₽35533
₽42325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
90
accident
-
-
-
805
income
-
-
-
28 834
pensions
-
-
-
25 291
unemployment
-
-
-
626
total
-
-
-
55 646
Employee
47 996
-
97 509
-
income
10 127
-
26 113
-
other
48
-
90
-
pensions
2 256
-
4 201
-
unemployment
745
-
1 385
-
total
13 176
-
31 789
-
Employer
47 996
-
97 509
-
other
382
-
715
-
unemployment
2 640
-
4 915
-
accident
950
-
1 769
-
pensions
11 326
-
21 092
-
total
15 298
-
28 491
-
Corporate
62 706
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.

9 407
18 900
-
-
total
9 407
18 900
-
-
Dividends
53 299
107 100
-
-
withholding
10 973
22 585
-
-
total
10 973
22 585
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 854
41 485
60 280
55 646
After tax
77 146
84 515
65 720
70 354
Living cost
34 821
34 821
34 821
34 821
Free-cash
42 325
49 694
30 899
35 533

Estimated living cost  is ₽34821 per week

₽25642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19827
₽23412
₽14802
₽13663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 854
accident
-
-
-
1 063
income
-
-
-
15 785
pensions
-
-
-
18 887
communal
-
-
-
7 963
surtax
-
-
-
6 247
total
-
-
-
58 799
Employee
73 018
-
112 549
-
surtax
4 476
-
6 898
-
income
7 053
-
19 413
-
pensions
5 841
-
9 004
-
health
3 250
-
5 008
-
total
20 620
-
40 323
-
Employer
73 018
-
112 549
-
health
2 227
-
3 433
-
accident
657
-
1 014
-
pensions
5 841
-
9 004
-
total
8 725
-
13 451
-
Corporate
44 258
126 000
-
-
surtax
465
1 323
-
-
income
6 638
18 900
-
-
communal
2 988
8 505
-
-
total
10 091
28 728
-
-
Dividends
34 166
97 273
-
-
income
15 377
6 871
-
-
withholding
5 125
14 590
-
-
total
20 502
21 461
-
-
Income
126 000
126 000
126 000
126 000
Total tax
59 938
50 189
53 774
58 799
After tax
66 062
75 811
72 226
67 201
Living cost
52 399
52 399
52 399
52 399
Free-cash
13 663
23 412
19 827
14 802

Estimated living cost  is ₽52399 per week

₽39307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3175
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9361
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36390
₽57596
₽38472
₽54529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
-
health
-
-
-
8 947
income
-
-
-
27 695
pensions
-
-
-
25 199
surtax
-
-
-
3 810
unemployment
-
-
-
220
total
-
-
-
65 871
Employee
32 471
-
104 091
-
surtax
115
-
3 480
-
income
5 444
-
25 723
-
other
-
-
-
-
pensions
2 166
-
6 942
-
health
829
-
2 655
-
unemployment
2 260
-
7 244
-
total
10 814
-
46 044
-
Employer
32 471
-
104 091
-
other
-
-
-
-
unemployment
1 030
-
3 299
-
health
1 477
-
4 735
-
pensions
4 329
-
13 875
-
total
6 836
-
21 909
-
Corporate
86 693
126 000
-
-
income
22 541
32 760
-
-
total
22 541
32 760
-
-
Dividends
64 152
93 240
-
-
withholding
9 623
13 987
-
-
total
9 623
13 987
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 814
46 747
67 953
65 871
After tax
76 186
79 253
58 047
60 129
Living cost
21 657
21 657
21 657
21 657
Free-cash
54 529
57 596
36 390
38 472

Estimated living cost  is ₽21657 per week

₽13075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30175
₽40257
₽36141
₽38113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 407
national
-
-
-
28 831
regional
-
-
-
1 900
municipal
-
-
-
748
total
-
-
-
63 886
Employee
53 486
-
126 000
-
social contributions
18 036
-
42 487
-
municipal
284
-
668
-
national
8 474
-
25 002
-
regional
720
-
1 695
-
total
27 514
-
69 852
-
Employer
53 486
-
126 000
-
total
-
-
-
-
Corporate
72 514
126 000
-
-
nationa
17 403
30 240
-
-
municipal
3 605
6 261
-
-
total
21 008
36 501
-
-
Dividends
51 507
89 498
-
-
withholding
13 392
23 269
-
-
total
13 392
23 269
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 914
59 770
69 852
63 886
After tax
64 086
66 230
56 148
62 114
Living cost
25 973
25 973
25 973
25 973
Free-cash
38 113
40 257
30 175
36 141

Estimated living cost  is ₽25973 per week

₽16153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽445
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34578
₽57389
₽34136
₽46914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 287
health
-
-
-
17 010
income
-
-
-
11 205
solidarity contribution
-
-
-
-
total
-
-
-
62 502
Employee
43 179
-
94 030
-
social contributions
2 807
-
6 112
-
solidarity contribution
-
-
-
-
income
5 181
-
11 284
-
health
5 829
-
12 694
-
total
13 817
-
30 090
-
Employer
43 179
-
94 030
-
health
3 886
-
8 463
-
social contributions
10 795
-
23 507
-
total
14 681
-
31 970
-
Corporate
68 141
126 000
-
-
income
12 947
23 940
-
-
total
12 947
23 940
-
-
Dividends
55 194
102 060
-
-
withholding
8 279
15 309
-
-
total
8 279
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 724
39 249
62 060
62 502
After tax
76 276
86 751
63 940
63 498
Living cost
29 362
29 362
29 362
29 362
Free-cash
46 914
57 389
34 578
34 136

Estimated living cost  is ₽29362 per week

₽21835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3691
₽39476
₽32830
₽39000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 616
income
-
-
-
26 537
chamber of commerce
-
-
-
503
pensions
-
-
-
20 839
surtax
-
-
-
-
unemployment
-
-
-
5 914
total
-
-
-
62 409
Employee
42 148
38 425
97 842
-
income
3 755
2 834
22 124
-
other
421
384
979
-
pensions
4 316
3 934
10 020
-
health
1 630
1 488
3 786
-
unemployment
1 264
1 153
2 935
-
total
11 386
9 793
39 844
-
Employer
42 148
38 425
97 842
-
other
2 002
1 824
4 648
-
unemployment
1 264
1 153
2 935
-
health
1 594
1 453
3 698
-
surtax
-
-
-
-
accident
547
500
1 272
-
pensions
5 290
4 823
12 279
-
payroll
1 264
1 153
2 935
-
chamber of commerce
168
154
392
-
total
12 129
11 060
28 159
-
Corporate
71 723
76 516
94 182
-
income

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

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

17 930
19 128
23 545
-
total
17 930
19 128
23 545
-
Dividends
53 793
57 388
-
-
withholding
14 794
15 782
-
-
total
14 794
15 782
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 239
55 763
91 548
62 409
After tax
69 761
70 237
34 452
63 591
Living cost
30 761
30 761
30 761
30 761
Free-cash
39 000
39 476
3 691
32 830

Estimated living cost  is ₽30761 per week

₽18453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3142
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.
₽8618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88497
₽107397
₽112437
₽105090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 379
-
126 000
-
income
3 076
-
25 200
-
total
3 076
-
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%.

110 621
126 000
-
-
total
-
-
-
-
Dividends
110 621
126 000
-
-
withholding
5 531
6 300
-
-
total
5 531
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
8 607
6 300
25 200
1 260
After tax
117 393
119 700
100 800
124 740
Living cost
12 303
12 303
12 303
12 303
Free-cash
105 090
107 397
88 497
112 437

Estimated living cost  is ₽12303 per week

₽8326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34419
₽60888
₽37902
₽52822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
12 398
income
-
-
-
26 639
pensions
-
-
-
23 011
unemployment
-
-
-
188
total
-
-
-
62 236
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.

42 637
-
109 024
-
income
7 353
-
24 648
-
pensions
6 609
-
16 898
-
health
2 754
-
7 045
-
unemployment
60
-
152
-
total
16 776
-
48 743
-
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.

42 637
-
109 024
-
unemployment
26
-
66
-
health
2 840
-
7 262
-
pensions
3 773
-
9 648
-
total
6 639
-
16 976
-
Corporate
76 724
126 000
-
-
income
14 578
23 940
-
-
total
14 578
23 940
-
-
Dividends
62 147
102 060
-
-
withholding
9 323
15 310
-
-
total
9 323
15 310
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 316
39 250
65 719
62 236
After tax
78 684
86 750
60 281
63 764
Living cost
25 862
25 862
25 862
25 862
Free-cash
52 822
60 888
34 419
37 902

Estimated living cost  is ₽25862 per week

₽17749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69531
₽33383
₽43801
-₽23540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
62 050
-
-
-
social contributions
5 088
-
725
-
income
13 687
-
-
-
total
18 775
-
725
-
Employer
62 050
-
-
-
social contributions
87 490
-
12 469
-
total
87 490
-
12 469
-
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
106 265
49 342
13 194
38 924
After tax
19 735
76 658
112 806
87 076
Living cost
43 275
43 275
43 275
43 275
Free-cash
-23 540
33 383
69 531
43 801

Estimated living cost  is ₽43275 per week

₽28078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4070
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30495
₽41425
₽38712
₽40454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
43 784
income
-
-
-
13 260
surtax
-
-
-
-
total
-
-
-
57 044
Employee
44 346
-
101 818
-
surtax
-
-
-
-
social contributions
4 878
-
11 200
-
income
9 224
-
29 879
-
total
14 102
-
41 079
-
Employer
44 346
-
101 818
-
social contributions
10 532
-
24 182
-
total
10 532
-
24 182
-
Corporate
71 122
126 000
-
-
surtax
-
-
-
-
income
14 936
26 460
-
-
total
14 936
26 460
-
-
Dividends
56 186
99 540
-
-
withholding
15 732
27 871
-
-
total
15 732
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 302
54 331
65 261
57 044
After tax
70 698
71 669
60 739
68 956
Living cost
30 244
30 244
30 244
30 244
Free-cash
40 454
41 425
30 495
38 712

Estimated living cost  is ₽30244 per week

₽22629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27585
₽16935
₽25144
₽23562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
3 907
social contributions
-
-
-
3 590
health
-
-
-
3 960
income
-
-
-
16 184
pensions
-
-
-
26 645
surtax
-
-
-
-
total
-
-
-
54 286
Employee
60 390
-
100 080
-
surtax
-
-
-
-
social contributions
1 720
-
2 853
-
income
5 269
-
17 177
-
pensions
6 830
-
5 894
-
total
13 819
-
25 924
-
Employer
60 390
-
100 080
-
other
2 084
-
3 453
-
unemployment
2 446
-
4 053
-
health
4 227
-
8 001
-
pensions
9 923
-
10 114
-
social contributions
181
-
300
-
total
18 861
-
25 921
-
Corporate
46 749
126 000
-
-
surtax
-
-
-
-
income
13 090
35 279
-
-
total
13 090
35 279
-
-
Dividends
33 659
90 721
-
-
social contributions
5 789
15 604
-
-
surtax
-
-
-
-
withholding
4 309
11 612
-
-
total
10 098
27 216
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 868
62 495
51 845
54 286
After tax
70 132
63 505
74 155
71 714
Living cost
46 570
46 570
46 570
46 570
Free-cash
23 562
16 935
27 585
25 144

Estimated living cost  is ₽46570 per week

₽31518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68672
₽84416
₽65325
₽81178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
income
-
-
-
3 972
social contributions
-
-
-
27 719
total
-
-
-
31 691
Employee
30 998
-
109 091
-
income
-
-
4 344
-
social contributions
2 015
-
7 092
-
total
2 015
-
11 436
-
Employer
30 998
-
109 091
-
social contributions
4 805
-
16 909
-
total
4 805
-
16 909
-
Corporate
90 197
126 000
-
-
income
9 019
12 600
-
-
total
9 019
12 600
-
-
Dividends
81 178
113 400
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
15 839
12 600
28 345
31 691
After tax
110 161
113 400
97 655
94 309
Living cost
28 984
28 984
28 984
28 984
Free-cash
81 178
84 416
68 672
65 325

Estimated living cost  is ₽28984 per week

₽18740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽83778
-₽83778
₽30376
-₽83778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
labour market
-
-
-
10 013
pensions
-
-
-
835
national
-
-
-
13 454
municipal
-
-
-
24 952
total
-
-
-
49 254
Employee
195 717
195 717
195 717
-
labour market
15 635
15 635
15 635
-
municipal
41 677
41 677
41 677
-
national
23 910
23 910
23 910
-
pensions
278
278
278
-
total
81 500
81 500
81 500
-
Employer
195 717
195 717
195 717
-
national
23 952
23 952
23 952
-
labour market
15 657
15 657
15 657
-
pensions
556
556
556
-
municipal
41 743
41 743
41 743
-
total
81 908
81 908
81 908
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
163 408
163 408
163 408
49 254
After tax
-37 408
-37 408
-37 408
76 746
Living cost
46 370
46 370
46 370
46 370
Free-cash
-83 778
-83 778
-83 778
30 376

Estimated living cost  is ₽46370 per week

₽31736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽713
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45699
-₽10928
₽65166
₽6963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
361
health
-
-
-
2 126
accident
-
-
-
246
income
-
-
-
32 910
pensions
-
-
-
4 057
total
-
-
-
39 700
Employee
33 245
-
110 697
-
income
4 561
-
23 750
-
pensions
3 744
-
7 439
-
health
3 807
-
12 675
-
total
12 112
-
43 864
-
Employer
33 245
-
110 697
-
unemployment
815
-
2 712
-
accident
555
-
1 849
-
pensions
5 406
-
10 742
-
total
6 776
-
15 303
-
Corporate
85 980
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.

77 381
113 400
-
-
total
77 381
113 400
-
-
Dividends
8 598
12 600
-
-
withholding
1 634
2 394
-
-
total
1 634
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
97 903
115 794
59 167
39 700
After tax
28 097
10 206
66 833
86 300
Living cost
21 134
21 134
21 134
21 134
Free-cash
6 963
-10 928
45 699
65 166

Estimated living cost  is ₽21134 per week

₽15383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1205
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31866
₽44501
₽49141
₽45032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
126 000
health
-
-
-
1 539
national
-
-
-
15 898
municipal
-
-
-
22 404
total
-
-
-
39 841
Employee
50 729
-
105 997
-
municipal
8 309
-
17 284
-
national
838
-
9 855
-
pensions
3 423
-
7 154
-
health
379
-
1 230
-
unemployment
761
-
1 590
-
total
13 710
-
37 113
-
Employer
50 729
-
105 997
-
unemployment
329
-
690
-
health
390
-
816
-
accident
51
-
106
-
pensions
8 801
-
18 391
-
total
9 571
-
20 003
-
Corporate
65 700
126 000
-
-
income
13 139
25 199
-
-
total
13 139
25 199
-
-
Dividends

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

39 420
75 600
-
-
national
434
5 674
-
-
municipal
7 096
13 608
-
-
total
7 530
19 282
-
-
Income
126 000
126 000
126 000
126 000
Total tax
43 950
44 481
57 116
39 841
After tax
82 050
81 519
68 884
86 159
Living cost
37 018
37 018
37 018
37 018
Free-cash
45 032
44 501
31 866
49 141

Estimated living cost  is ₽37018 per week

₽24180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64541
₽69738
₽65863
₽64490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 600
health
-
-
-
3 213
income
-
-
-
19 000
total
-
-
-
37 813
Employee
74 142
74 142
115 563
-
social contributions
2 803
6 153
8 300
-
income
8 073
6 863
18 433
-
health
575
1 261
1 965
-
total
11 451
14 277
28 698
-
Employer
74 142
74 142
115 563
-
health
624
1 372
2 137
-
social contributions
2 803
6 153
8 300
-
total
3 427
7 525
10 437
-
Corporate
88 798
44 332
-
-
income
11 099
5 542
-
-
total
11 099
5 542
-
-
Dividends
77 699
38 789
-
-
withholding
13 209
6 594
-
-
total
13 209
6 594
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 186
33 938
39 135
37 813
After tax
86 814
92 062
86 865
88 187
Living cost
22 324
22 324
22 324
22 324
Free-cash
64 490
69 738
64 541
65 863

Estimated living cost  is ₽22324 per week

₽13379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69245
₽89030
₽88585
₽84127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 489
income
-
-
-
12 457
pensions
-
-
-
6 133
unemployment
-
-
-
27
total
-
-
-
22 106
Employee

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

22 132
-
116 577
-
income
1 513
-
10 067
-
pensions
3 319
-
13 723
-
health
1 881
-
7 776
-
unemployment
110
-
457
-
total
6 823
-
32 023
-
Employer

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

22 132
-
116 577
-
unemployment
110
-
457
-
health
951
-
3 934
-
pensions
1 217
-
5 032
-
total
2 278
-
9 423
-
Corporate
101 590
126 000
-
-
income
9 143
11 341
-
-
total
9 143
11 341
-
-
Dividends
92 447
114 659
-
-
withholding
8 320
10 320
-
-
total
8 320
10 320
-
-
Income
126 000
126 000
126 000
126 000
Total tax
26 564
21 661
41 446
22 106
After tax
99 436
104 339
84 554
103 894
Living cost
15 309
15 309
15 309
15 309
Free-cash
84 127
89 030
69 245
88 585

Estimated living cost  is ₽15309 per week

₽9767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽39206
₽58001
₽43840
₽53257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
90
accident
-
-
-
805
income
-
-
-
28 834
pensions
-
-
-
25 291
unemployment
-
-
-
626
total
-
-
-
55 646
Employee
35 652
-
97 509
-
income
6 873
-
26 113
-
other
35
-
90
-
pensions
1 676
-
4 201
-
unemployment
553
-
1 385
-
total
9 137
-
31 789
-
Employer
35 652
-
97 509
-
other
285
-
715
-
unemployment
1 961
-
4 915
-
accident
706
-
1 769
-
pensions
8 413
-
21 092
-
total
11 365
-
28 491
-
Corporate
78 981
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.

11 848
18 900
-
-
total
11 848
18 900
-
-
Dividends
67 134
107 100
-
-
withholding
13 879
22 585
-
-
total
13 879
22 585
-
-
Income
126 000
126 000
126 000
126 000
Total tax
46 229
41 485
60 280
55 646
After tax
79 771
84 515
65 720
70 354
Living cost
26 514
26 514
26 514
26 514
Free-cash
53 257
58 001
39 206
43 840

Estimated living cost  is ₽26514 per week

₽17897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78945
₽76843
₽79073
₽76550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
942
income
-
-
-
42 905
pensions
-
-
-
1 299
total
-
-
-
45 146
Employee
2 713
-
124 538
-
income
525
-
42 837
-
pensions
244
-
585
-
health
136
-
325
-
unemployment
27
-
65
-
total
932
-
43 812
-
Employer
2 713
-
124 538
-
unemployment
54
-
130
-
health
258
-
617
-
pensions
298
-
715
-
total
610
-
1 462
-
Corporate
122 677
126 000
-
-
income
26 989
27 720
-
-
total
26 989
27 720
-
-
Dividends
95 688
98 280
-
-
withholding
19 138
19 656
-
-
total
19 138
19 656
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 669
47 376
45 274
45 146
After tax
78 331
78 624
80 726
80 854
Living cost
1 781
1 781
1 781
1 781
Free-cash
76 550
76 843
78 945
79 073

Estimated living cost  is ₽1781 per week

₽1058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55029
₽74407
₽55028
₽69677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 319
income
-
-
-
27 484
pensions
-
-
-
18 475
unemployment
-
-
-
1 066
total
-
-
-
54 344
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.

25 074
-
113 281
-
income
3 456
-
27 484
-
pensions
3 510
-
9 948
-
health
1 291
-
3 659
-
unemployment
188
-
533
-
total
8 445
-
41 624
-
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.

25 074
-
113 281
-
unemployment
188
-
533
-
health
1 291
-
3 659
-
pensions
3 009
-
8 527
-
total
4 488
-
12 719
-
Corporate
96 438
126 000
-
-
income
14 466
18 900
-
-
total
14 466
18 900
-
-
Dividends
81 972
107 100
-
-
withholding
12 296
16 065
-
-
total
12 296
16 065
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 695
34 965
54 343
54 344
After tax
86 305
91 035
71 657
71 656
Living cost
16 628
16 628
16 628
16 628
Free-cash
69 677
74 407
55 029
55 028

Estimated living cost  is ₽16628 per week

₽11196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34745
₽45675
₽42962
₽45327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
43 784
income
-
-
-
13 260
surtax
-
-
-
-
total
-
-
-
57 044
Employee
37 423
-
101 818
-
surtax
-
-
-
-
social contributions
4 117
-
11 200
-
income
7 312
-
29 879
-
total
11 429
-
41 079
-
Employer
37 423
-
101 818
-
social contributions
8 887
-
24 182
-
total
8 887
-
24 182
-
Corporate
79 690
126 000
-
-
surtax
-
-
-
-
income
16 735
26 460
-
-
total
16 735
26 460
-
-
Dividends
62 955
99 540
-
-
withholding
17 628
27 871
-
-
total
17 628
27 871
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 679
54 331
65 261
57 044
After tax
71 321
71 669
60 739
68 956
Living cost
25 994
25 994
25 994
25 994
Free-cash
45 327
45 675
34 745
42 962

Estimated living cost  is ₽25994 per week

₽18411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31834
₽50629
₽36468
₽43587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
90
accident
-
-
-
805
income
-
-
-
28 834
pensions
-
-
-
25 291
unemployment
-
-
-
626
total
-
-
-
55 646
Employee
46 567
-
97 509
-
income
9 726
-
26 113
-
other
46
-
90
-
pensions
2 188
-
4 201
-
unemployment
721
-
1 385
-
total
12 681
-
31 789
-
Employer
46 567
-
97 509
-
other
373
-
715
-
unemployment
2 562
-
4 915
-
accident
922
-
1 769
-
pensions
10 990
-
21 092
-
total
14 847
-
28 491
-
Corporate
64 587
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.

9 689
18 900
-
-
total
9 689
18 900
-
-
Dividends
54 898
107 100
-
-
withholding
11 310
22 585
-
-
total
11 310
22 585
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 527
41 485
60 280
55 646
After tax
77 473
84 515
65 720
70 354
Living cost
33 886
33 886
33 886
33 886
Free-cash
43 587
50 629
31 834
36 468

Estimated living cost  is ₽33886 per week

₽24336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2635
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.
₽6439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86397
₽91389
₽81899
₽85601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 816
income
-
-
-
18 900
pensions

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

-
-
-
4 911
unemployment
-
-
-
133
total
-
-
-
27 760
Employee
21 638
-
119 490
-
income
2 164
-
11 949
-
accident

We are using the highest rate at 1.1%.

238
-
365
-
pensions

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

1 900
-
2 913
-
health
995
-
1 526
-
total
5 297
-
16 753
-
Employer
21 638
-
119 490
-
unemployment
130
-
199
-
health
1 493
-
2 289
-
accident

We are using the highest rate at 1.1%.

238
-
365
-
pensions

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

2 384
-
3 656
-
total
4 245
-
6 509
-
Corporate
100 117
126 000
-
-
income
10 011
12 600
-
-
total
10 011
12 600
-
-
Dividends
90 105
113 400
-
-
withholding
4 505
5 670
-
-
total
4 505
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 058
18 270
23 262
27 760
After tax
101 942
107 730
102 738
98 240
Living cost
16 341
16 341
16 341
16 341
Free-cash
85 601
91 389
86 397
81 899

Estimated living cost  is ₽16341 per week

₽10808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽936
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽390
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46227
₽27692
₽34579
₽40306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 587
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.

-
-
-
34 086
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.

-
-
-
1 875
trade
-
-
-
11 648
total
-
-
-
54 196
Employee

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

47 975
-
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.

218
-
1 875
-
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.

3 945
-
34 086
-
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.

6 587
-
6 587
-
total
10 750
-
42 548
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 025
126 000
-
-
chamber of commerce
262
331
-
-
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.

644
1 039
-
-
trade
11 196
18 082
-
-
income
11 703
18 900
-
-
total
23 805
38 352
-
-
Dividends
54 220
87 648
-
-
surtax

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

725
1 186
-
-
withholding
13 189
21 545
-
-
total
13 914
22 731
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 469
61 083
42 548
54 196
After tax
77 531
64 917
83 452
71 804
Living cost
37 225
37 225
37 225
37 225
Free-cash
40 306
27 692
46 227
34 579

Estimated living cost  is ₽37225 per week

₽25679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4005
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.
₽7001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24783
₽33274
₽24783
₽35404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
income
-
-
-
34 463
social contributions
-
-
-
11 829
total
-
-
-
46 292
Employee
75 422
-
126 000
-
income
14 232
-
34 463
-
social contributions
6 266
-
11 829
-
total
20 498
-
46 292
-
Employer
75 422
-
126 000
-
total
-
-
-
-
Corporate
50 578
126 000
-
-
income
6 322
15 751
-
-
total
6 322
15 751
-
-
Dividends
44 256
110 249
-
-
withholding
8 851
22 050
-
-
total
8 851
22 050
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 671
37 801
46 292
46 292
After tax
90 329
88 199
79 708
79 708
Living cost
54 925
54 925
54 925
54 925
Free-cash
35 404
33 274
24 783
24 783

Estimated living cost  is ₽54925 per week

₽41786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57263
₽41804
₽57626
₽45174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
126 000
income
-
-
-
27 446
health

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

-
-
-
5 927
total
-
-
-
33 373
Employee
44 232
-
121 565
-
income
4 799
-
24 866
-
social contributions
4 432
-
4 435
-
total
9 231
-
29 301
-
Employer
44 232
-
121 565
-
social contributions
4 432
-
4 435
-
total
4 432
-
4 435
-
Corporate
77 336
126 000
-
-
income
27 068
44 101
-
-
total
27 068
44 101
-
-
Dividends
50 269
81 899
-
-
social contributions
5 094
5 094
-
-
total
5 094
5 094
-
-
Income
126 000
126 000
126 000
126 000
Total tax
45 825
49 195
33 736
33 373
After tax
80 175
76 805
92 264
92 627
Living cost
35 001
35 001
35 001
35 001
Free-cash
45 174
41 804
57 263
57 626

Estimated living cost  is ₽35001 per week

₽23055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2759
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39466
₽51451
₽51111
₽53290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
income
-
-
-
31 416
pensions
-
-
-
7 780
total
-
-
-
39 196
Employee
48 994
-
110 469
-
income
8 922
-
23 654
-
health
639
-
1 770
-
pensions
3 739
-
9 886
-
total
13 300
-
35 310
-
Employer
48 994
-
110 469
-
health
931
-
2 099
-
pensions
4 950
-
13 432
-
total
5 881
-
15 531
-
Corporate
71 125
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.

13 515
23 939
-
-
total
13 515
23 939
-
-
Dividends
57 610
102 061
-
-
withholding
4 321
14 917
-
-
total
4 321
14 917
-
-
Income
126 000
126 000
126 000
126 000
Total tax
37 017
38 856
50 841
39 196
After tax
88 983
87 144
75 159
86 804
Living cost
35 693
35 693
35 693
35 693
Free-cash
53 290
51 451
39 466
51 111

Estimated living cost  is ₽35693 per week

₽24485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3282
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.
₽7477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽43607
-₽13020
₽63074
₽6645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
other
-
-
-
361
health
-
-
-
2 126
accident
-
-
-
246
income
-
-
-
32 910
pensions
-
-
-
4 057
total
-
-
-
39 700
Employee
36 536
-
110 697
-
income
5 012
-
23 750
-
pensions
4 114
-
7 439
-
health
4 183
-
12 675
-
total
13 309
-
43 864
-
Employer
36 536
-
110 697
-
unemployment
895
-
2 712
-
accident
610
-
1 849
-
pensions
5 940
-
10 742
-
total
7 445
-
15 303
-
Corporate
82 018
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.

73 817
113 400
-
-
total
73 817
113 400
-
-
Dividends
8 202
12 600
-
-
withholding
1 558
2 394
-
-
total
1 558
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
96 129
115 794
59 167
39 700
After tax
29 871
10 206
66 833
86 300
Living cost
23 226
23 226
23 226
23 226
Free-cash
6 645
-13 020
43 607
63 074

Estimated living cost  is ₽23226 per week

₽17045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71703
₽93022
₽58228
₽88516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
126 000
income
-
-
-
20 115
health insurance
-
-
-
9 324
work injury
-
-
-
630
pensions
-
-
-
23 184
unemployment
-
-
-
1 512
total
-
-
-
54 765
Employee

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

20 811
-
126 000
-
income
2 081
-
20 115
-
work injury
104
-
385
-
health insurance
1 540
-
5 698
-
pensions
3 829
-
14 168
-
unemployment
250
-
924
-
total
7 804
-
41 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
105 189
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%.

1 052
1 260
-
-
total
1 052
1 260
-
-
Dividends
104 137
124 740
-
-
withholding
15 621
18 711
-
-
total
15 621
18 711
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 477
19 971
41 290
54 765
After tax
101 523
106 029
84 710
71 235
Living cost
13 007
13 007
13 007
13 007
Free-cash
88 516
93 022
71 703
58 228

Estimated living cost  is ₽13007 per week

₽8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₽16956
₽27958
₽22720
₽23571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 407
national
-
-
-
28 831
regional
-
-
-
2 789
municipal
-
-
-
842
total
-
-
-
64 869
Employee
81 250
-
126 000
-
social contributions
27 397
-
42 487
-
municipal
485
-
752
-
national
13 730
-
25 002
-
regional
1 227
-
2 392
-
total
42 839
-
70 633
-
Employer
81 250
-
126 000
-
total
-
-
-
-
Corporate
44 750
126 000
-
-
nationa
10 741
30 240
-
-
municipal
2 157
6 073
-
-
total
12 898
36 313
-
-
Dividends
31 852
89 687
-
-
withholding
8 281
23 318
-
-
total
8 281
23 318
-
-
Income
126 000
126 000
126 000
126 000
Total tax
64 018
59 631
70 633
64 869
After tax
61 982
66 369
55 367
61 131
Living cost
38 411
38 411
38 411
38 411
Free-cash
23 571
27 958
16 956
22 720

Estimated living cost  is ₽38411 per week

₽26982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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