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
₽35031
₽54587
₽41652
₽45472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
126 000
income

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

-
-
-
34 487
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.

-
-
-
1 896
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.

-
-
-
6 447
trade
-
-
-
12 935
total
-
-
-
55 765
Employee

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

36 093
-
126 000
-
surtax

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

56
-
1 896
-
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.

1 008
-
34 487
-
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.

6 447
-
6 447
-
total
7 511
-
42 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
89 907
126 000
-
-
income
13 486
18 900
-
-
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.

741
1 039
-
-
chamber of commerce
272
324
-
-
trade
14 160
19 846
-
-
total
28 659
40 109
-
-
Dividends
61 247
85 892
-
-
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.

822
1 162
-
-
withholding
14 953
21 115
-
-
total
15 775
22 277
-
-
Income
126 000
126 000
126 000
126 000
Total tax
51 945
62 386
42 830
55 765
After tax
74 055
63 614
83 170
70 235
Living cost
28 583
28 583
28 583
28 583
Free-cash
45 472
35 031
54 587
41 652

Estimated living cost  is ₽28583 per week

₽17980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28506
₽26073
₽25085
₽27673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 462
national
-
-
-
20 861
pensions
-
-
-
15 120
total
-
-
-
50 797
Employee
77 691
-
108 926
-
municipal
9 596
-
13 950
-
pensions
3 108
-
4 357
-
national
14 870
-
21 617
-
total
27 574
-
39 924
-
Employer
77 691
-
108 926
-
pensions
6 215
-
8 714
-
social contributions
835
-
1 171
-
total
7 050
-
9 885
-
Corporate
36 130
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%.

7 226
25 200
-
-
total
7 226
25 200
-
-
Dividends
28 904
100 800
-
-
withholding
6 359
22 176
-
-
total
6 359
22 176
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 209
47 376
49 809
50 797
After tax
77 791
78 624
76 191
75 203
Living cost
50 118
50 118
50 118
50 118
Free-cash
27 673
28 506
26 073
25 085

Estimated living cost  is ₽50118 per week

₽34064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽750
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81168
₽51028
₽18493
₽73426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
126 000
income
-
-
-
19 589
surtax
-
-
-
32 130
social contributions

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

-
-
-
36 156
microenterprise
-
-
-
-
total
-
-
-
87 875
Employee
27 574
-
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.

3 034
-
11 169
-
income
4 909
-
19 711
-
total
7 943
-
30 880
-
Employer
27 574
-
101 540
-
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.

6 642
-
24 460
-
surtax
-
-
-
-
total
6 642
-
24 460
-
Corporate
91 784
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%.

18 357
25 200
-
-
total
18 357
25 200
-
-
Dividends

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

73 426
100 800
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
32 942
25 200
55 340
87 875
After tax
93 058
100 800
70 660
38 125
Living cost
19 632
19 632
19 632
19 632
Free-cash
73 426
81 168
51 028
18 493

Estimated living cost  is ₽19632 per week

₽12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22248
₽33046
₽32829
₽16467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
30 946
health
-
-
-
11 637
pensions
-
-
-
11 056
total
-
-
-
53 639
Employee
80 585
80 585
108 463
-
pensions
14 505
11 056
11 056
-
income

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

13 191
13 191
13 191
-
health
12 369
10 521
11 637
-
total
40 065
34 768
35 884
-
Employer
80 585
80 585
108 463
-
health
5 602
5 602
6 961
-
pensions
5 609
5 609
6 972
-
unemployment
2 901
2 901
3 605
-
total
14 112
14 112
17 538
-
Corporate
32 292
31 303
-
-
income
6 458
6 261
-
-
total
6 458
6 261
-
-
Dividends
25 834
25 043
-
-
income
5 491
5 322
-
-
withholding
3 875
3 757
-
-
total
9 366
9 079
-
-
Income
126 000
126 000
126 000
126 000
Total tax
70 001
64 220
53 422
53 639
After tax
55 999
61 780
72 578
72 361
Living cost
39 532
39 532
39 532
39 532
Free-cash
16 467
22 248
33 046
32 829

Estimated living cost  is ₽39532 per week

₽28015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽629
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30973
₽27988
₽29006
₽30123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
166
other
-
-
-
9 633
unemployment
-
-
-
83
health
-
-
-
5 173
municipal
-
-
-
30 412
national
-
-
-
4 743
pensions
-
-
-
8 961
total
-
-
-
59 171
Employee
53 895
-
99 954
-
municipal
16 071
-
29 806
-
national
-
-
4 337
-
total
16 071
-
34 143
-
Employer
53 895
-
99 954
-
health
3 315
-
5 098
-
pensions
5 826
-
8 961
-
accident
108
-
166
-
unemployment
1 423
-
2 188
-
other
6 263
-
9 633
-
total
16 935
-
26 046
-
Corporate
55 171
126 000
-
-
income
12 138
27 720
-
-
total
12 138
27 720
-
-
Dividends
43 034
98 280
-
-
withholding
12 910
29 484
-
-
total
12 910
29 484
-
-
Income
126 000
126 000
126 000
126 000
Total tax
58 054
57 204
60 189
59 171
After tax
67 946
68 796
65 811
66 829
Living cost
37 823
37 823
37 823
37 823
Free-cash
30 123
30 973
27 988
29 006

Estimated living cost  is ₽37823 per week

₽25068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25896
₽46099
₽32589
₽39156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
126 000
income

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

-
-
-
34 487
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.

-
-
-
1 896
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.

-
-
-
6 447
trade
-
-
-
13 510
total
-
-
-
56 340
Employee

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

47 855
-
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.

226
-
1 896
-
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.

4 112
-
34 487
-
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.

6 447
-
6 447
-
total
10 785
-
42 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
78 145
126 000
-
-
income
11 722
18 900
-
-
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.

645
1 039
-
-
chamber of commerce
254
322
-
-
trade
12 854
20 727
-
-
total
25 475
40 988
-
-
Dividends
52 669
85 012
-
-
surtax

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

704
1 150
-
-
withholding
12 809
20 895
-
-
total
13 513
22 045
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 773
63 033
42 830
56 340
After tax
76 227
62 967
83 170
69 660
Living cost
37 071
37 071
37 071
37 071
Free-cash
39 156
25 896
46 099
32 589

Estimated living cost  is ₽37071 per week

₽24793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61442
₽56218
₽57528
₽57528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 383
social contributions
-
-
-
15 268
health
-
-
-
3 213
total
-
-
-
37 864
Employee
72 564
72 564
115 735
-
social contributions
3 526
6 022
8 123
-
income
7 620
6 717
18 818
-
health
722
1 234
1 968
-
total
11 868
13 973
28 909
-
Employer
72 564
72 564
115 735
-
health
786
1 343
2 142
-
social contributions
3 526
6 022
8 123
-
total
4 312
7 365
10 265
-
Corporate
79 212
46 071
-
-
income
9 901
5 759
-
-
total
9 901
5 759
-
-
Dividends
69 311
40 312
-
-
withholding
11 783
6 853
-
-
total
11 783
6 853
-
-
Income
126 000
126 000
126 000
126 000
Total tax
37 864
33 950
39 174
37 864
After tax
88 136
92 050
86 826
88 136
Living cost
30 608
30 608
30 608
30 608
Free-cash
57 528
61 442
56 218
57 528

Estimated living cost  is ₽30608 per week

₽20924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53987
₽56169
₽70414
₽54338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
15 403
unemployment
-
-
-
1 890
health
-
-
-
8 820
pensions
-
-
-
12 600
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.

24 356
9 693
105 439
-
unemployment
365
145
1 582
-
pensions
2 436
969
10 544
-
income
2 978
1 185
12 890
-
health
1 705
679
7 381
-
total
7 484
2 978
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.

24 356
9 693
105 439
-
pensions
4 749
1 890
20 561
-
total
4 749
1 890
20 561
-
Corporate
96 894
114 416
-
-
income
8 720
10 297
-
-
total
8 720
10 297
-
-
Dividends
88 174
104 119
-
-
social contributions
17 083
20 192
-
-
withholding
16 753
19 783
-
-
total
33 836
39 975
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 789
55 140
52 958
38 713
After tax
71 211
70 860
73 042
87 287
Living cost
16 873
16 873
16 873
16 873
Free-cash
54 338
53 987
56 169
70 414

Estimated living cost  is ₽16873 per week

₽11514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78007
₽49830
₽44743
₽72145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
16 884
health
-
-
-
16 380
pensions
-
-
-
25 200
total
-
-
-
58 464
Employee
26 770
-
94 171
-
unemployment
428
-
1 506
-
pensions
535
-
1 884
-
income
3 014
-
18 157
-
total
3 977
-
21 547
-
Employer
26 770
-
94 171
-
health
3 479
-
12 242
-
pensions
5 354
-
18 834
-
unemployment
215
-
754
-
total
9 048
-
31 830
-
Corporate
90 181
126 000
-
-
income
18 037
25 200
-
-
total
18 037
25 200
-
-
Dividends
72 144
100 800
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
31 062
25 200
53 377
58 464
After tax
94 938
100 800
72 623
67 536
Living cost
22 793
22 793
22 793
22 793
Free-cash
72 145
78 007
49 830
44 743

Estimated living cost  is ₽22793 per week

₽15634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽10762
₽46000
₽65316
₽6990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
241
income
-
-
-
33 077
other
-
-
-
353
health
-
-
-
2 079
pensions
-
-
-
3 966
total
-
-
-
39 716
Employee
32 984
-
110 929
-
pensions
3 714
-
7 272
-
income
4 525
-
23 987
-
health
3 777
-
12 701
-
total
12 016
-
43 960
-
Employer
32 984
-
110 929
-
pensions
5 363
-
10 501
-
accident
551
-
1 853
-
unemployment
808
-
2 718
-
total
6 722
-
15 072
-
Corporate
86 294
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.

77 664
113 400
-
-
total
77 664
113 400
-
-
Dividends
8 629
12 600
-
-
withholding
1 640
2 394
-
-
total
1 640
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
98 042
115 794
59 032
39 716
After tax
27 958
10 206
66 968
86 284
Living cost
20 968
20 968
20 968
20 968
Free-cash
6 990
-10 762
46 000
65 316

Estimated living cost  is ₽20968 per week

₽15368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112109
₽93209
₽117149
₽110686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 489
-
126 000
-
income
1 897
-
25 200
-
total
1 897
-
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%.

116 511
126 000
-
-
total
-
-
-
-
Dividends
116 511
126 000
-
-
withholding
5 826
6 300
-
-
total
5 826
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
7 723
6 300
25 200
1 260
After tax
118 277
119 700
100 800
124 740
Living cost
7 591
7 591
7 591
7 591
Free-cash
110 686
112 109
93 209
117 149

Estimated living cost  is ₽7591 per week

₽4704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67426
₽47233
₽42021
₽61055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 064
other
-
-
-
5 985
health
-
-
-
5 544
pensions

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

-
-
-
30 241
total
-
-
-
58 834
Employee
34 264
-
100 639
-
unemployment
342
-
1 006
-
pensions

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

2 398
-
7 045
-
income
5 899
-
18 802
-
health
480
-
1 409
-
total
9 119
-
28 262
-
Employer
34 264
-
100 639
-
health
480
-
1 409
-
pensions

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

5 825
-
17 109
-
accident
274
-
806
-
unemployment
342
-
1 006
-
other
1 714
-
5 030
-
total
8 635
-
25 360
-
Corporate
83 101
126 000
-
-
income
17 451
26 461
-
-
total
17 451
26 461
-
-
Dividends
65 650
99 539
-
-
withholding
4 595
6 968
-
-
total
4 595
6 968
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 800
33 429
53 622
58 834
After tax
86 200
92 571
72 378
67 166
Living cost
25 145
25 145
25 145
25 145
Free-cash
61 055
67 426
47 233
42 021

Estimated living cost  is ₽25145 per week

₽17766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23830
₽11983
₽23605
₽18546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 789
pensions
-
-
-
7 671
total
-
-
-
39 460
Employee
89 044
-
110 436
-
pensions
8 590
-
9 726
-
income
16 051
-
24 038
-
health
1 467
-
1 756
-
total
26 108
-
35 520
-
Employer
89 044
-
110 436
-
health
1 691
-
2 097
-
pensions
10 513
-
13 465
-
total
12 204
-
15 562
-
Corporate
24 752
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.

4 702
23 941
-
-
total
4 702
23 941
-
-
Dividends
20 050
102 059
-
-
withholding
1 505
15 294
-
-
total
1 505
15 294
-
-
Income
126 000
126 000
126 000
126 000
Total tax
44 519
39 235
51 082
39 460
After tax
81 481
86 765
74 918
86 540
Living cost
62 935
62 935
62 935
62 935
Free-cash
18 546
23 830
11 983
23 605

Estimated living cost  is ₽62935 per week

₽47158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽95359
₽90436
₽85929
₽90977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
18 900
unemployment
-
-
-
132
health
-
-
-
3 790
pensions

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

-
-
-
4 878
total
-
-
-
27 700
Employee
16 380
-
119 534
-
accident

We are using the highest rate at 1.1%.

180
-
363
-
pensions

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

1 438
-
2 894
-
income
1 638
-
11 953
-
health
753
-
1 516
-
total
4 009
-
16 726
-
Employer
16 380
-
119 534
-
health
1 131
-
2 274
-
pensions

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

1 805
-
3 632
-
accident

We are using the highest rate at 1.1%.

180
-
363
-
unemployment
98
-
198
-
total
3 214
-
6 467
-
Corporate
106 405
126 000
-
-
income
10 641
12 600
-
-
total
10 641
12 600
-
-
Dividends
95 765
113 400
-
-
withholding
4 788
5 670
-
-
total
4 788
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
22 652
18 270
23 193
27 700
After tax
103 348
107 730
102 807
98 300
Living cost
12 371
12 371
12 371
12 371
Free-cash
90 977
95 359
90 436
85 929

Estimated living cost  is ₽12371 per week

₽7222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9452
₽20250
₽20033
₽11827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
30 946
health
-
-
-
11 637
pensions
-
-
-
11 056
total
-
-
-
53 639
Employee
87 490
80 585
108 463
-
pensions
11 056
11 056
11 056
-
income

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

13 191
13 191
13 191
-
health
10 915
10 521
11 637
-
total
35 162
34 768
35 884
-
Employer
87 490
80 585
108 463
-
health
6 080
5 602
6 961
-
pensions
6 089
5 609
6 972
-
unemployment
3 150
2 901
3 605
-
total
15 319
14 112
17 538
-
Corporate
23 192
31 303
-
-
income
4 638
6 261
-
-
total
4 638
6 261
-
-
Dividends
18 554
25 043
-
-
income
3 943
5 322
-
-
withholding
2 783
3 757
-
-
total
6 726
9 079
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 845
64 220
53 422
53 639
After tax
64 155
61 780
72 578
72 361
Living cost
52 328
52 328
52 328
52 328
Free-cash
11 827
9 452
20 250
20 033

Estimated living cost  is ₽52328 per week

₽38600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽600
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63626
₽40815
₽41232
₽55376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 357
social contributions
-
-
-
33 276
solidarity contribution
-
-
-
-
health
-
-
-
17 010
total
-
-
-
61 643
Employee
34 007
-
94 030
-
solidarity contribution
-
-
-
-
social contributions
2 210
-
6 112
-
income
4 081
-
11 284
-
health
4 591
-
12 694
-
total
10 882
-
30 090
-
Employer
34 007
-
94 030
-
health
3 061
-
8 463
-
social contributions
8 502
-
23 507
-
total
11 563
-
31 970
-
Corporate
80 430
126 000
-
-
income
15 282
23 940
-
-
total
15 282
23 940
-
-
Dividends
65 149
102 060
-
-
withholding
9 772
15 309
-
-
total
9 772
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 499
39 249
62 060
61 643
After tax
78 501
86 751
63 940
64 357
Living cost
23 125
23 125
23 125
23 125
Free-cash
55 376
63 626
40 815
41 232

Estimated living cost  is ₽23125 per week

₽16063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27408
₽16610
₽22604
₽22480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
1 445
municipal
-
-
-
749
national
-
-
-
28 975
total
-
-
-
63 577
Employee
83 867
-
126 000
-
municipal
444
-
668
-
national
14 532
-
25 144
-
regional
791
-
1 273
-
social contributions
28 280
-
42 486
-
total
44 047
-
69 571
-
Employer
83 867
-
126 000
-
total
-
-
-
-
Corporate
42 133
126 000
-
-
municipal
1 644
4 914
-
-
nationa
10 113
30 239
-
-
total
11 757
35 153
-
-
Dividends
30 376
90 847
-
-
withholding
7 897
23 620
-
-
total
7 897
23 620
-
-
Income
126 000
126 000
126 000
126 000
Total tax
63 701
58 773
69 571
63 577
After tax
62 299
67 227
56 429
62 423
Living cost
39 819
39 819
39 819
39 819
Free-cash
22 480
27 408
16 610
22 604

Estimated living cost  is ₽39819 per week

₽27757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58429
₽36866
₽38960
₽55492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
27 994
other
-
-
-
-
surtax
-
-
-
3 877
unemployment
-
-
-
215
health
-
-
-
8 941
pensions
-
-
-
25 189
total
-
-
-
66 216
Employee
31 207
-
104 090
-
other
-
-
-
-
unemployment
2 172
-
7 246
-
pensions
2 081
-
6 943
-
surtax
102
-
3 546
-
income
5 231
-
26 009
-
health
797
-
2 656
-
total
10 383
-
46 400
-
Employer
31 207
-
104 090
-
health
1 420
-
4 735
-
pensions
4 160
-
13 875
-
unemployment
989
-
3 300
-
other
-
-
-
-
total
6 569
-
21 910
-
Corporate
88 225
126 000
-
-
income
22 938
32 761
-
-
total
22 938
32 761
-
-
Dividends
65 287
93 239
-
-
withholding
9 794
13 986
-
-
total
9 794
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 684
46 747
68 310
66 216
After tax
76 316
79 253
57 690
59 784
Living cost
20 824
20 824
20 824
20 824
Free-cash
55 492
58 429
36 866
38 960

Estimated living cost  is ₽20824 per week

₽12732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43769
₽31922
₽43544
₽44002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 789
pensions
-
-
-
7 671
total
-
-
-
39 460
Employee
59 675
-
110 436
-
pensions
5 065
-
9 726
-
income
10 748
-
24 038
-
health
866
-
1 756
-
total
16 679
-
35 520
-
Employer
59 675
-
110 436
-
health
1 134
-
2 097
-
pensions
6 460
-
13 465
-
total
7 594
-
15 562
-
Corporate
58 732
126 000
-
-
income

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

11 160
23 941
-
-
total
11 160
23 941
-
-
Dividends
47 572
102 059
-
-
withholding
3 569
15 294
-
-
total
3 569
15 294
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 002
39 235
51 082
39 460
After tax
86 998
86 765
74 918
86 540
Living cost
42 996
42 996
42 996
42 996
Free-cash
44 002
43 769
31 922
43 544

Estimated living cost  is ₽42996 per week

₽32212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽17014
₽23022
₽29211
₽14921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 521
regional
-
-
-
5 145
health
-
-
-
284
city
-
-
-
1 328
national
-
-
-
1 289
pensions
-
-
-
11 591
total
-
-
-
22 158
Employee
87 337
-
112 778
-
unemployment
-
-
-
-
pensions
7 337
-
9 473
-
national
413
-
1 010
-
regional
2 860
-
4 418
-
city
937
-
1 211
-
health
197
-
253
-
total
11 744
-
16 365
-
Employer
87 337
-
112 778
-
health
197
-
253
-
pensions
7 337
-
9 473
-
unemployment
-
-
-
-
other

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

1 746
-
2 256
-
total
9 280
-
11 982
-
Corporate
28 422
126 000
-
-
regional
6 011
26 649
-
-
national
2 415
10 709
-
-
total
8 426
37 358
-
-
Dividends
19 995
88 642
-
-
withholding
6 998
31 025
-
-
total
6 998
31 025
-
-
Income
126 000
126 000
126 000
126 000
Total tax
36 448
68 383
28 347
22 158
After tax
89 552
57 617
97 653
103 842
Living cost
74 631
74 631
74 631
74 631
Free-cash
14 921
-17 014
23 022
29 211

Estimated living cost  is ₽74631 per week

₽48531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽916
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽19089
₽39940
₽25855
₽34391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
126 000
income

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

-
-
-
34 487
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.

-
-
-
1 896
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.

-
-
-
6 447
trade
-
-
-
14 085
total
-
-
-
56 915
Employee

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

56 713
-
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.

367
-
1 896
-
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.

6 669
-
34 487
-
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.

6 447
-
6 447
-
total
13 483
-
42 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 287
126 000
-
-
income
10 394
18 900
-
-
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.

571
1 039
-
-
chamber of commerce
240
321
-
-
trade
11 884
21 609
-
-
total
23 089
41 869
-
-
Dividends
46 199
84 131
-
-
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.

616
1 137
-
-
withholding
11 191
20 675
-
-
total
11 807
21 812
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 379
63 681
42 830
56 915
After tax
77 621
62 319
83 170
69 085
Living cost
43 230
43 230
43 230
43 230
Free-cash
34 391
19 089
39 940
25 855

Estimated living cost  is ₽43230 per week

₽31573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3458
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.
₽7638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽31220
₽41465
₽39368
₽36791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
16 475
other
-
-
-
3 906
surtax
-
-
-
-
social contributions
-
-
-
3 591
health
-
-
-
4 072
pensions
-
-
-
26 302
total
-
-
-
54 346
Employee
40 388
-
99 880
-
pensions
4 567
-
5 965
-
surtax
-
-
-
-
social contributions
1 151
-
2 846
-
income
2 384
-
17 318
-
total
8 102
-
26 129
-
Employer
40 388
-
99 880
-
health
2 828
-
8 081
-
pensions
6 635
-
10 217
-
unemployment
1 635
-
4 045
-
social contributions
122
-
299
-
other
1 393
-
3 478
-
total
12 613
-
26 120
-
Corporate
73 000
126 000
-
-
income
20 440
35 280
-
-
surtax
-
-
-
-
total
20 440
35 280
-
-
Dividends
52 560
90 720
-
-
surtax
-
-
-
-
social contributions
9 040
15 603
-
-
withholding
6 728
11 611
-
-
total
15 768
27 214
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 923
62 494
52 249
54 346
After tax
69 077
63 506
73 751
71 654
Living cost
32 286
32 286
32 286
32 286
Free-cash
36 791
31 220
41 465
39 368

Estimated living cost  is ₽32286 per week

₽20358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34419
₽44664
₽42567
₽39658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
16 475
other
-
-
-
3 906
surtax
-
-
-
-
social contributions
-
-
-
3 591
health
-
-
-
4 072
pensions
-
-
-
26 302
total
-
-
-
54 346
Employee
36 052
-
99 880
-
pensions
4 078
-
5 965
-
surtax
-
-
-
-
social contributions
1 028
-
2 846
-
income
1 859
-
17 318
-
total
6 965
-
26 129
-
Employer
36 052
-
99 880
-
health
2 523
-
8 081
-
pensions
5 924
-
10 217
-
unemployment
1 459
-
4 045
-
social contributions
107
-
299
-
other
1 245
-
3 478
-
total
11 258
-
26 120
-
Corporate
78 690
126 000
-
-
income
22 034
35 280
-
-
surtax
-
-
-
-
total
22 034
35 280
-
-
Dividends
56 656
90 720
-
-
surtax
-
-
-
-
social contributions
9 745
15 603
-
-
withholding
7 253
11 611
-
-
total
16 998
27 214
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 255
62 494
52 249
54 346
After tax
68 745
63 506
73 751
71 654
Living cost
29 087
29 087
29 087
29 087
Free-cash
39 658
34 419
44 664
42 567

Estimated living cost  is ₽29087 per week

₽16869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽552
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56862
₽59490
₽60906
₽57350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
18 900
social contributions
-
-
-
17 389
health
-
-
-
8 795
total
-
-
-
45 084
Employee
31 996
-
126 000
-
social contributions
4 416
-
17 389
-
income
5 337
-
20 316
-
health
2 233
-
8 795
-
total
11 986
-
46 500
-
Employer
31 996
-
126 000
-
total
-
-
-
-
Corporate
94 004
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%.

4 701
6 300
-
-
total
4 701
6 300
-
-
Dividends
89 303
119 700
-
-
social contributions
12 324
16 518
-
-
withholding
13 395
17 954
-
-
health
6 234
8 356
-
-
total
31 953
42 828
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 640
49 128
46 500
45 084
After tax
77 360
76 872
79 500
80 916
Living cost
20 010
20 010
20 010
20 010
Free-cash
57 350
56 862
59 490
60 906

Estimated living cost  is ₽20010 per week

₽13392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1234
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36849
₽901
₽30344
₽35387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
27 100
surtax
-
-
-
186
unemployment
-
-
-
5 788
chamber of commerce
-
-
-
503
health
-
-
-
8 433
pensions
-
-
-
20 395
total
-
-
-
62 405
Employee
47 160
37 607
97 695
-
other
471
376
978
-
unemployment
1 415
1 128
2 932
-
pensions
4 830
3 850
10 003
-
income
5 369
2 774
22 319
-
health
1 825
1 456
3 780
-
total
13 910
9 584
40 012
-
Employer
47 160
37 607
97 695
-
chamber of commerce
188
150
390
-
health
1 782
1 422
3 693
-
pensions
5 919
4 721
12 262
-
accident
612
489
1 270
-
unemployment
1 415
1 128
2 932
-
surtax
186
186
186
-
payroll
1 415
1 128
2 932
-
other
2 240
1 785
4 642
-
total
13 757
11 009
28 307
-
Corporate
65 083
77 384
94 113
-
income

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

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

16 271
19 346
23 529
-
total
16 271
19 346
23 529
-
Dividends
48 812
58 038
-
-
withholding
13 424
15 961
-
-
total
13 424
15 961
-
-
Income
126 000
126 000
126 000
126 000
Total tax
57 362
55 900
91 848
62 405
After tax
68 638
70 100
34 152
63 595
Living cost
33 251
33 251
33 251
33 251
Free-cash
35 387
36 849
901
30 344

Estimated living cost  is ₽33251 per week

₽22177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36145
₽12199
₽21552
₽21990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
communal

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

-
-
-
6 364
social contributions
-
-
-
19 912
national
-
-
-
43 765
total
-
-
-
70 041
Employee

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

67 501
-
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.

587
-
849
-
communal

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

3 521
-
5 089
-
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.

5 063
-
7 319
-
national
20 753
-
33 140
-
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.

3 171
-
4 588
-
total
33 095
-
50 985
-
Employer

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

67 501
-
97 591
-
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.

4 151
-
6 003
-
pensions

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

5 981
-
8 646
-
accident

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

877
-
1 268
-
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.

985
-
1 425
-
surtax
7 654
-
11 067
-
total
19 648
-
28 409
-
Corporate
38 850
126 000
-
-
income
7 770
25 200
-
-
surtax
156
503
-
-
total
7 926
25 703
-
-
Dividends
30 924
100 297
-
-
withholding

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

8 934
29 745
-
-
total
8 934
29 745
-
-
Income
126 000
126 000
126 000
126 000
Total tax
69 603
55 448
79 394
70 041
After tax
56 397
70 552
46 606
55 959
Living cost
34 407
34 407
34 407
34 407
Free-cash
21 990
36 145
12 199
21 552

Estimated living cost  is ₽34407 per week

₽22163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50393
₽31931
₽36466
₽43226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
788
income
-
-
-
29 214
other
-
-
-
88
unemployment
-
-
-
612
pensions
-
-
-
24 752
total
-
-
-
55 454
Employee
46 973
-
98 116
-
other
47
-
88
-
unemployment
729
-
1 356
-
pensions
2 208
-
4 112
-
income
9 911
-
26 549
-
total
12 895
-
32 105
-
Employer
46 973
-
98 116
-
pensions
11 085
-
20 642
-
accident
929
-
1 732
-
unemployment
2 584
-
4 810
-
other
374
-
700
-
total
14 972
-
27 884
-
Corporate
64 054
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.

9 608
18 900
-
-
total
9 608
18 900
-
-
Dividends
54 446
107 100
-
-
withholding
11 219
22 627
-
-
total
11 219
22 627
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 694
41 527
59 989
55 454
After tax
77 306
84 473
66 011
70 546
Living cost
34 080
34 080
34 080
34 080
Free-cash
43 226
50 393
31 931
36 466

Estimated living cost  is ₽34080 per week

₽25096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24397
₽20537
₽15515
₽14660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
communal
-
-
-
7 964
accident
-
-
-
1 062
income
-
-
-
16 190
surtax
-
-
-
6 246
health
-
-
-
8 854
pensions
-
-
-
18 886
total
-
-
-
59 202
Employee
71 463
-
112 549
-
pensions
5 716
-
9 004
-
surtax
4 380
-
6 898
-
income
6 903
-
19 818
-
health
3 180
-
5 009
-
total
20 179
-
40 729
-
Employer
71 463
-
112 549
-
health
2 179
-
3 433
-
pensions
5 716
-
9 004
-
accident
643
-
1 014
-
total
8 538
-
13 451
-
Corporate
45 998
126 000
-
-
communal
3 105
8 504
-
-
income
6 900
18 900
-
-
surtax
484
1 323
-
-
total
10 489
28 727
-
-
Dividends
35 510
97 272
-
-
income
15 525
7 002
-
-
withholding
5 326
14 591
-
-
total
20 851
21 593
-
-
Income
126 000
126 000
126 000
126 000
Total tax
60 057
50 320
54 180
59 202
After tax
65 943
75 680
71 820
66 798
Living cost
51 283
51 283
51 283
51 283
Free-cash
14 660
24 397
20 537
15 515

Estimated living cost  is ₽51283 per week

₽38470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3107
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58057
₽36494
₽38588
₽55056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
27 994
other
-
-
-
-
surtax
-
-
-
3 877
unemployment
-
-
-
215
health
-
-
-
8 941
pensions
-
-
-
25 189
total
-
-
-
66 216
Employee
31 779
-
104 090
-
other
-
-
-
-
unemployment
2 212
-
7 246
-
pensions
2 120
-
6 943
-
surtax
113
-
3 546
-
income
5 328
-
26 009
-
health
811
-
2 656
-
total
10 584
-
46 400
-
Employer
31 779
-
104 090
-
health
1 445
-
4 735
-
pensions
4 237
-
13 875
-
unemployment
1 008
-
3 300
-
other
-
-
-
-
total
6 690
-
21 910
-
Corporate
87 530
126 000
-
-
income
22 757
32 761
-
-
total
22 757
32 761
-
-
Dividends
64 773
93 239
-
-
withholding
9 717
13 986
-
-
total
9 717
13 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 748
46 747
68 310
66 216
After tax
76 252
79 253
57 690
59 784
Living cost
21 196
21 196
21 196
21 196
Free-cash
55 056
58 057
36 494
38 588

Estimated living cost  is ₽21196 per week

₽12797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40810
₽30587
₽36547
₽38712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
1 901
municipal
-
-
-
749
national
-
-
-
28 975
total
-
-
-
64 033
Employee
52 347
-
126 000
-
municipal
278
-
668
-
national
8 293
-
25 144
-
regional
705
-
1 695
-
social contributions
17 652
-
42 486
-
total
26 928
-
69 993
-
Employer
52 347
-
126 000
-
total
-
-
-
-
Corporate
73 653
126 000
-
-
municipal
3 660
6 262
-
-
nationa
17 677
30 239
-
-
total
21 337
36 501
-
-
Dividends
52 316
89 498
-
-
withholding
13 603
23 269
-
-
total
13 603
23 269
-
-
Income
126 000
126 000
126 000
126 000
Total tax
61 868
59 770
69 993
64 033
After tax
64 132
66 230
56 007
61 967
Living cost
25 420
25 420
25 420
25 420
Free-cash
38 712
40 810
30 587
36 547

Estimated living cost  is ₽25420 per week

₽15809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽435
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58255
₽35444
₽35861
₽48090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 357
social contributions
-
-
-
33 276
solidarity contribution
-
-
-
-
health
-
-
-
17 010
total
-
-
-
61 643
Employee
41 906
-
94 030
-
solidarity contribution
-
-
-
-
social contributions
2 724
-
6 112
-
income
5 029
-
11 284
-
health
5 657
-
12 694
-
total
13 410
-
30 090
-
Employer
41 906
-
94 030
-
health
3 771
-
8 463
-
social contributions
10 476
-
23 507
-
total
14 247
-
31 970
-
Corporate
69 846
126 000
-
-
income
13 271
23 940
-
-
total
13 271
23 940
-
-
Dividends
56 575
102 060
-
-
withholding
8 486
15 309
-
-
total
8 486
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
49 414
39 249
62 060
61 643
After tax
76 586
86 751
63 940
64 357
Living cost
28 496
28 496
28 496
28 496
Free-cash
48 090
58 255
35 444
35 861

Estimated living cost  is ₽28496 per week

₽21191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40096
₽4083
₽33675
₽39629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
27 100
surtax
-
-
-
-
unemployment
-
-
-
5 788
chamber of commerce
-
-
-
503
health
-
-
-
8 433
pensions
-
-
-
20 395
total
-
-
-
62 219
Employee
41 250
37 607
97 842
-
other
412
376
978
-
unemployment
1 237
1 128
2 935
-
pensions
4 224
3 850
10 019
-
income
3 675
2 774
22 371
-
health
1 596
1 456
3 786
-
total
11 144
9 584
40 089
-
Employer
41 250
37 607
97 842
-
chamber of commerce
165
150
392
-
health
1 560
1 422
3 698
-
pensions
5 177
4 721
12 279
-
accident
535
489
1 271
-
unemployment
1 237
1 128
2 935
-
surtax
-
-
-
-
payroll
1 237
1 128
2 935
-
other
1 959
1 785
4 647
-
total
11 870
10 823
28 157
-
Corporate
72 878
77 570
94 260
-
income

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

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

18 219
19 392
23 565
-
total
18 219
19 392
23 565
-
Dividends
54 659
58 178
-
-
withholding
15 032
15 999
-
-
total
15 032
15 999
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 265
55 798
91 811
62 219
After tax
69 735
70 202
34 189
63 781
Living cost
30 106
30 106
30 106
30 106
Free-cash
39 629
40 096
4 083
33 675

Estimated living cost  is ₽30106 per week

₽18060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3075
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107871
₽88971
₽112911
₽105652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 787
-
126 000
-
income
2 958
-
25 200
-
total
2 958
-
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%.

111 213
126 000
-
-
total
-
-
-
-
Dividends
111 213
126 000
-
-
withholding
5 561
6 300
-
-
total
5 561
6 300
-
-
Income
126 000
126 000
126 000
126 000
Total tax
8 519
6 300
25 200
1 260
After tax
117 481
119 700
100 800
124 740
Living cost
11 829
11 829
11 829
11 829
Free-cash
105 652
107 871
88 971
112 911

Estimated living cost  is ₽11829 per week

₽8005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽497
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.
₽2931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61441
₽34880
₽38268
₽53546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
126 000
income
-
-
-
26 820
unemployment
-
-
-
190
health
-
-
-
12 399
pensions
-
-
-
23 012
total
-
-
-
62 421
Employee

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

41 729
-
109 023
-
unemployment
59
-
152
-
pensions
6 468
-
16 898
-
income
7 196
-
24 739
-
health
2 695
-
7 043
-
total
16 418
-
48 832
-
Employer

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

41 729
-
109 023
-
health
2 779
-
7 262
-
pensions
3 693
-
9 649
-
unemployment
25
-
66
-
total
6 497
-
16 977
-
Corporate
77 774
126 000
-
-
income
14 778
23 939
-
-
total
14 778
23 939
-
-
Dividends
62 996
102 061
-
-
withholding
9 450
15 309
-
-
total
9 450
15 309
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 143
39 248
65 809
62 421
After tax
78 857
86 752
60 191
63 579
Living cost
25 311
25 311
25 311
25 311
Free-cash
53 546
61 441
34 880
38 268

Estimated living cost  is ₽25311 per week

₽17371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36328
₽73374
₽46746
-₽13365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
24 560
social contributions
-
-
-
14 364
total
-
-
-
38 924
Employee
57 828
-
-
-
social contributions
4 742
-
676
-
income
12 756
-
-
-
total
17 498
-
676
-
Employer
57 828
-
-
-
social contributions
81 537
-
11 620
-
total
81 537
-
11 620
-
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
99 035
49 342
12 296
38 924
After tax
26 965
76 658
113 704
87 076
Living cost
40 330
40 330
40 330
40 330
Free-cash
-13 365
36 328
73 374
46 746

Estimated living cost  is ₽40330 per week

₽26168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42067
₽30908
₽39238
₽41117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
126 000
income
-
-
-
13 377
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
total
-
-
-
57 162
Employee
43 401
-
101 817
-
surtax
-
-
-
-
social contributions
4 774
-
11 200
-
income
9 028
-
30 111
-
total
13 802
-
41 311
-
Employer
43 401
-
101 817
-
social contributions
10 308
-
24 181
-
total
10 308
-
24 181
-
Corporate
72 291
126 000
-
-
income
15 181
26 461
-
-
surtax
-
-
-
-
total
15 181
26 461
-
-
Dividends
57 110
99 539
-
-
withholding
15 992
27 872
-
-
total
15 992
27 872
-
-
Income
126 000
126 000
126 000
126 000
Total tax
55 283
54 333
65 492
57 162
After tax
70 717
71 667
60 508
68 838
Living cost
29 600
29 600
29 600
29 600
Free-cash
41 117
42 067
30 908
39 238

Estimated living cost  is ₽29600 per week

₽22147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1746
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.
₽5213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17928
₽28173
₽26076
₽24413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
16 475
other
-
-
-
3 906
surtax
-
-
-
-
social contributions
-
-
-
3 591
health
-
-
-
4 072
pensions
-
-
-
26 302
total
-
-
-
54 346
Employee
59 104
-
99 880
-
pensions
6 685
-
5 965
-
surtax
-
-
-
-
social contributions
1 683
-
2 846
-
income
5 157
-
17 318
-
total
13 525
-
26 129
-
Employer
59 104
-
99 880
-
health
4 137
-
8 081
-
pensions
9 711
-
10 217
-
unemployment
2 394
-
4 045
-
social contributions
177
-
299
-
other
2 040
-
3 478
-
total
18 459
-
26 120
-
Corporate
48 437
126 000
-
-
income
13 562
35 280
-
-
surtax
-
-
-
-
total
13 562
35 280
-
-
Dividends
34 875
90 720
-
-
surtax
-
-
-
-
social contributions
5 999
15 603
-
-
withholding
4 464
11 611
-
-
total
10 463
27 214
-
-
Income
126 000
126 000
126 000
126 000
Total tax
56 009
62 494
52 249
54 346
After tax
69 991
63 506
73 751
71 654
Living cost
45 578
45 578
45 578
45 578
Free-cash
24 413
17 928
28 173
26 076

Estimated living cost  is ₽45578 per week

₽30846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85034
₽69163
₽65817
₽81864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 097
social contributions
-
-
-
27 720
total
-
-
-
31 817
Employee
30 338
-
109 091
-
income
-
-
4 470
-
social contributions
1 972
-
7 092
-
total
1 972
-
11 562
-
Employer
30 338
-
109 091
-
social contributions
4 703
-
16 909
-
total
4 703
-
16 909
-
Corporate
90 959
126 000
-
-
income
9 095
12 600
-
-
total
9 095
12 600
-
-
Dividends
81 864
113 400
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
15 770
12 600
28 471
31 817
After tax
110 230
113 400
97 529
94 183
Living cost
28 366
28 366
28 366
28 366
Free-cash
81 864
85 034
69 163
65 817

Estimated living cost  is ₽28366 per week

₽18341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽79592
-₽79592
₽31191
-₽79592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 015
municipal
-
-
-
25 052
national
-
-
-
13 480
pensions
-
-
-
818
total
-
-
-
49 365
Employee
191 810
191 810
191 810
-
municipal
40 845
40 845
40 845
-
labour market
15 323
15 323
15 323
-
pensions
273
273
273
-
national
23 433
23 433
23 433
-
total
79 874
79 874
79 874
-
Employer
191 810
191 810
191 810
-
national
23 474
23 474
23 474
-
labour market
15 345
15 345
15 345
-
pensions
545
545
545
-
municipal
40 910
40 910
40 910
-
total
80 274
80 274
80 274
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
126 000
126 000
126 000
126 000
Total tax
160 148
160 148
160 148
49 365
After tax
-34 148
-34 148
-34 148
76 635
Living cost
45 444
45 444
45 444
45 444
Free-cash
-79 592
-79 592
-79 592
31 191

Estimated living cost  is ₽45444 per week

₽31103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽699
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽10453
₽46309
₽65625
₽7037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
241
income
-
-
-
33 077
other
-
-
-
353
health
-
-
-
2 079
pensions
-
-
-
3 966
total
-
-
-
39 716
Employee
32 498
-
110 929
-
pensions
3 660
-
7 272
-
income
4 458
-
23 987
-
health
3 721
-
12 701
-
total
11 839
-
43 960
-
Employer
32 498
-
110 929
-
pensions
5 284
-
10 501
-
accident
543
-
1 853
-
unemployment
796
-
2 718
-
total
6 623
-
15 072
-
Corporate
86 879
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.

78 191
113 400
-
-
total
78 191
113 400
-
-
Dividends
8 688
12 600
-
-
withholding
1 651
2 394
-
-
total
1 651
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
98 304
115 794
59 032
39 716
After tax
27 696
10 206
66 968
86 284
Living cost
20 659
20 659
20 659
20 659
Free-cash
7 037
-10 453
46 309
65 625

Estimated living cost  is ₽20659 per week

₽15037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45131
₽32426
₽49702
₽45831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 547
municipal
-
-
-
22 401
national
-
-
-
16 120
total
-
-
-
40 068
Employee
49 648
-
105 997
-
municipal
8 132
-
17 283
-
unemployment
745
-
1 590
-
pensions
3 351
-
7 154
-
national
820
-
10 076
-
health
371
-
1 239
-
total
13 419
-
37 342
-
Employer
49 648
-
105 997
-
health
381
-
817
-
pensions
8 614
-
18 390
-
accident
50
-
106
-
unemployment
322
-
689
-
total
9 367
-
20 002
-
Corporate
66 984
126 000
-
-
income
13 397
25 200
-
-
total
13 397
25 200
-
-
Dividends

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

40 190
75 600
-
-
municipal
7 235
13 608
-
-
national
521
5 831
-
-
total
7 756
19 439
-
-
Income
126 000
126 000
126 000
126 000
Total tax
43 939
44 639
57 344
40 068
After tax
82 061
81 361
68 656
85 932
Living cost
36 230
36 230
36 230
36 230
Free-cash
45 831
45 131
32 426
49 702

Estimated living cost  is ₽36230 per week

₽23665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽577
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70201
₽64977
₽66287
₽65064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 383
social contributions
-
-
-
15 268
health
-
-
-
3 213
total
-
-
-
37 864
Employee
72 564
72 564
115 735
-
social contributions
2 743
6 022
8 123
-
income
7 901
6 717
18 818
-
health
562
1 234
1 968
-
total
11 206
13 973
28 909
-
Employer
72 564
72 564
115 735
-
health
611
1 343
2 142
-
social contributions
2 743
6 022
8 123
-
total
3 354
7 365
10 265
-
Corporate
89 591
46 071
-
-
income
11 200
5 759
-
-
total
11 200
5 759
-
-
Dividends
78 391
40 312
-
-
withholding
13 327
6 853
-
-
total
13 327
6 853
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 087
33 950
39 174
37 864
After tax
86 913
92 050
86 826
88 136
Living cost
21 849
21 849
21 849
21 849
Free-cash
65 064
70 201
64 977
66 287

Estimated living cost  is ₽21849 per week

₽13094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89358
₽70155
₽89085
₽84558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
126 000
income
-
-
-
12 487
unemployment
-
-
-
27
health
-
-
-
3 415
pensions
-
-
-
6 003
total
-
-
-
21 932
Employee

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

21 660
-
116 777
-
unemployment
107
-
448
-
pensions
3 248
-
13 431
-
income
1 481
-
10 149
-
health
1 841
-
7 611
-
total
6 677
-
31 639
-
Employer

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

21 660
-
116 777
-
health
931
-
3 850
-
pensions
1 191
-
4 925
-
unemployment
107
-
448
-
total
2 229
-
9 223
-
Corporate
102 110
126 000
-
-
income
9 190
11 339
-
-
total
9 190
11 339
-
-
Dividends
92 920
114 661
-
-
withholding
8 363
10 320
-
-
total
8 363
10 320
-
-
Income
126 000
126 000
126 000
126 000
Total tax
26 459
21 659
40 862
21 932
After tax
99 541
104 341
85 138
104 068
Living cost
14 983
14 983
14 983
14 983
Free-cash
84 558
89 358
70 155
89 085

Estimated living cost  is ₽14983 per week

₽9559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58523
₽40061
₽44596
₽53925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
788
income
-
-
-
29 214
other
-
-
-
88
unemployment
-
-
-
612
pensions
-
-
-
24 752
total
-
-
-
55 454
Employee
34 893
-
98 116
-
other
34
-
88
-
unemployment
541
-
1 356
-
pensions
1 640
-
4 112
-
income
6 727
-
26 549
-
total
8 942
-
32 105
-
Employer
34 893
-
98 116
-
pensions
8 234
-
20 642
-
accident
691
-
1 732
-
unemployment
1 920
-
4 810
-
other
279
-
700
-
total
11 124
-
27 884
-
Corporate
79 983
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.

11 998
18 900
-
-
total
11 998
18 900
-
-
Dividends
67 984
107 100
-
-
withholding
14 061
22 627
-
-
total
14 061
22 627
-
-
Income
126 000
126 000
126 000
126 000
Total tax
46 125
41 527
59 989
55 454
After tax
79 875
84 473
66 011
70 546
Living cost
25 950
25 950
25 950
25 950
Free-cash
53 925
58 523
40 061
44 596

Estimated living cost  is ₽25950 per week

₽17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76719
₽78742
₽78877
₽76406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
42 822
health
-
-
-
1 007
pensions
-
-
-
1 389
total
-
-
-
45 218
Employee
2 901
-
124 437
-
unemployment
29
-
69
-
pensions
261
-
625
-
income
561
-
42 749
-
health
145
-
347
-
total
996
-
43 790
-
Employer
2 901
-
124 437
-
health
276
-
660
-
pensions
319
-
764
-
unemployment
58
-
139
-
total
653
-
1 563
-
Corporate
122 446
126 000
-
-
income
26 938
27 720
-
-
total
26 938
27 720
-
-
Dividends
95 508
98 280
-
-
withholding
19 102
19 656
-
-
total
19 102
19 656
-
-
Income
126 000
126 000
126 000
126 000
Total tax
47 689
47 376
45 353
45 218
After tax
78 311
78 624
80 647
80 782
Living cost
1 905
1 905
1 905
1 905
Free-cash
76 406
76 719
78 742
78 877

Estimated living cost  is ₽1905 per week

₽1132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74714
₽55756
₽55757
₽70071
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
126 000
income
-
-
-
27 558
unemployment
-
-
-
1 046
health
-
-
-
7 184
pensions
-
-
-
18 134
total
-
-
-
53 922
Employee

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

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

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

24 612
-
113 515
-
unemployment
185
-
523
-
pensions
3 446
-
9 765
-
income
3 393
-
27 558
-
health
1 267
-
3 592
-
total
8 291
-
41 438
-
Employer

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

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

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

24 612
-
113 515
-
health
1 267
-
3 592
-
pensions
2 953
-
8 370
-
unemployment
185
-
523
-
total
4 405
-
12 485
-
Corporate
96 983
126 000
-
-
income
14 547
18 900
-
-
total
14 547
18 900
-
-
Dividends
82 435
107 100
-
-
withholding
12 365
16 065
-
-
total
12 365
16 065
-
-
Income
126 000
126 000
126 000
126 000
Total tax
39 608
34 965
53 923
53 922
After tax
86 392
91 035
72 077
72 078
Living cost
16 321
16 321
16 321
16 321
Free-cash
70 071
74 714
55 756
55 757

Estimated living cost  is ₽16321 per week

₽10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46226
₽35067
₽43397
₽45888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
126 000
income
-
-
-
13 377
surtax
-
-
-
-
social contributions

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

-
-
-
43 785
total
-
-
-
57 162
Employee
36 626
-
101 817
-
surtax
-
-
-
-
social contributions
4 029
-
11 200
-
income
7 156
-
30 111
-
total
11 185
-
41 311
-
Employer
36 626
-
101 817
-
social contributions
8 698
-
24 181
-
total
8 698
-
24 181
-
Corporate
80 676
126 000
-
-
income
16 943
26 461
-
-
surtax
-
-
-
-
total
16 943
26 461
-
-
Dividends
63 734
99 539
-
-
withholding
17 845
27 872
-
-
total
17 845
27 872
-
-
Income
126 000
126 000
126 000
126 000
Total tax
54 671
54 333
65 492
57 162
After tax
71 329
71 667
60 508
68 838
Living cost
25 441
25 441
25 441
25 441
Free-cash
45 888
46 226
35 067
43 397

Estimated living cost  is ₽25441 per week

₽18019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51308
₽32846
₽37381
₽44463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
788
income
-
-
-
29 214
other
-
-
-
88
unemployment
-
-
-
612
pensions
-
-
-
24 752
total
-
-
-
55 454
Employee
45 575
-
98 116
-
other
45
-
88
-
unemployment
706
-
1 356
-
pensions
2 142
-
4 112
-
income
9 519
-
26 549
-
total
12 412
-
32 105
-
Employer
45 575
-
98 116
-
pensions
10 755
-
20 642
-
accident
903
-
1 732
-
unemployment
2 507
-
4 810
-
other
365
-
700
-
total
14 530
-
27 884
-
Corporate
65 895
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.

9 883
18 900
-
-
total
9 883
18 900
-
-
Dividends
56 011
107 100
-
-
withholding
11 547
22 627
-
-
total
11 547
22 627
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 372
41 527
59 989
55 454
After tax
77 628
84 473
66 011
70 546
Living cost
33 165
33 165
33 165
33 165
Free-cash
44 463
51 308
32 846
37 381

Estimated living cost  is ₽33165 per week

₽23817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91499
₽86576
₽82069
₽85749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
income
-
-
-
18 900
unemployment
-
-
-
132
health
-
-
-
3 790
pensions

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

-
-
-
4 878
total
-
-
-
27 700
Employee
21 492
-
119 534
-
accident

We are using the highest rate at 1.1%.

236
-
363
-
pensions

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

1 887
-
2 894
-
income
2 150
-
11 953
-
health
989
-
1 516
-
total
5 262
-
16 726
-
Employer
21 492
-
119 534
-
health
1 483
-
2 274
-
pensions

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

2 368
-
3 632
-
accident

We are using the highest rate at 1.1%.

236
-
363
-
unemployment
129
-
198
-
total
4 216
-
6 467
-
Corporate
100 291
126 000
-
-
income
10 029
12 600
-
-
total
10 029
12 600
-
-
Dividends
90 262
113 400
-
-
withholding
4 513
5 670
-
-
total
4 513
5 670
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 020
18 270
23 193
27 700
After tax
101 980
107 730
102 807
98 300
Living cost
16 231
16 231
16 231
16 231
Free-cash
85 749
91 499
86 576
82 069

Estimated living cost  is ₽16231 per week

₽10735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽28479
₽46738
₽34953
₽40824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
126 000
income

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

-
-
-
34 487
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.

-
-
-
1 896
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.

-
-
-
6 447
trade
-
-
-
11 785
total
-
-
-
54 615
Employee

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

46 953
-
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.

213
-
1 896
-
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.

3 861
-
34 487
-
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.

6 447
-
6 447
-
total
10 521
-
42 830
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
79 047
126 000
-
-
income
11 857
18 900
-
-
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.

652
1 039
-
-
chamber of commerce
260
328
-
-
trade
11 343
18 082
-
-
total
24 112
38 349
-
-
Dividends
54 936
87 652
-
-
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
1 186
-
-
withholding
13 375
21 554
-
-
total
14 111
22 740
-
-
Income
126 000
126 000
126 000
126 000
Total tax
48 744
61 089
42 830
54 615
After tax
77 256
64 911
83 170
71 385
Living cost
36 432
36 432
36 432
36 432
Free-cash
40 824
28 479
46 738
34 953

Estimated living cost  is ₽36432 per week

₽25132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34445
₽17354
₽17354
₽36528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 802
social contributions
-
-
-
20 089
total
-
-
-
54 891
Employee
73 816
-
126 000
-
income
13 929
-
34 802
-
social contributions
6 133
-
20 089
-
total
20 062
-
54 891
-
Employer
73 816
-
126 000
-
total
-
-
-
-
Corporate
52 184
126 000
-
-
income
6 524
15 750
-
-
total
6 524
15 750
-
-
Dividends
45 660
110 250
-
-
withholding
9 131
22 050
-
-
total
9 131
22 050
-
-
Income
126 000
126 000
126 000
126 000
Total tax
35 717
37 800
54 891
54 891
After tax
90 283
88 200
71 109
71 109
Living cost
53 755
53 755
53 755
53 755
Free-cash
36 528
34 445
17 354
17 354

Estimated living cost  is ₽53755 per week

₽40896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42659
₽57788
₽59174
₽45957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 862
health

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

-
-
-
5 709
total
-
-
-
32 571
Employee
43 290
-
121 659
-
income
4 697
-
25 275
-
social contributions
4 337
-
4 341
-
total
9 034
-
29 616
-
Employer
43 290
-
121 659
-
social contributions
4 337
-
4 341
-
total
4 337
-
4 341
-
Corporate
78 373
126 000
-
-
income
27 431
44 100
-
-
total
27 431
44 100
-
-
Dividends
50 942
81 900
-
-
social contributions
4 986
4 986
-
-
total
4 986
4 986
-
-
Income
126 000
126 000
126 000
126 000
Total tax
45 788
49 086
33 957
32 571
After tax
80 212
76 914
92 043
93 429
Living cost
34 255
34 255
34 255
34 255
Free-cash
45 957
42 659
57 788
59 174

Estimated living cost  is ₽34255 per week

₽22564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2701
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.
₽8465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51811
₽39964
₽51586
₽54143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 789
pensions
-
-
-
7 671
total
-
-
-
39 460
Employee
47 979
-
110 436
-
pensions
3 662
-
9 726
-
income
8 737
-
24 038
-
health
626
-
1 756
-
total
13 025
-
35 520
-
Employer
47 979
-
110 436
-
health
912
-
2 097
-
pensions
4 847
-
13 465
-
total
5 759
-
15 562
-
Corporate
72 261
126 000
-
-
income

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

13 730
23 941
-
-
total
13 730
23 941
-
-
Dividends
58 532
102 059
-
-
withholding
4 389
15 294
-
-
total
4 389
15 294
-
-
Income
126 000
126 000
126 000
126 000
Total tax
36 903
39 235
51 082
39 460
After tax
89 097
86 765
74 918
86 540
Living cost
34 954
34 954
34 954
34 954
Free-cash
54 143
51 811
39 964
51 586

Estimated living cost  is ₽34954 per week

₽23978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽12498
₽44264
₽63580
₽6724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
accident
-
-
-
241
income
-
-
-
33 077
other
-
-
-
353
health
-
-
-
2 079
pensions
-
-
-
3 966
total
-
-
-
39 716
Employee
35 715
-
110 929
-
pensions
4 022
-
7 272
-
income
4 900
-
23 987
-
health
4 089
-
12 701
-
total
13 011
-
43 960
-
Employer
35 715
-
110 929
-
pensions
5 807
-
10 501
-
accident
596
-
1 853
-
unemployment
875
-
2 718
-
total
7 278
-
15 072
-
Corporate
83 007
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.

74 706
113 400
-
-
total
74 706
113 400
-
-
Dividends
8 301
12 600
-
-
withholding
1 577
2 394
-
-
total
1 577
2 394
-
-
Income
126 000
126 000
126 000
126 000
Total tax
96 572
115 794
59 032
39 716
After tax
29 428
10 206
66 968
86 284
Living cost
22 704
22 704
22 704
22 704
Free-cash
6 724
-12 498
44 264
63 580

Estimated living cost  is ₽22704 per week

₽16662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93281
₽72332
₽58436
₽88865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 166
unemployment
-
-
-
1 512
work injury
-
-
-
630
health insurance
-
-
-
9 324
pensions
-
-
-
23 184
total
-
-
-
54 816
Employee

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

20 397
-
126 000
-
health insurance
1 509
-
5 585
-
unemployment
245
-
906
-
work injury
102
-
377
-
pensions
3 753
-
13 886
-
income
2 040
-
20 166
-
total
7 649
-
40 920
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
105 603
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%.

1 056
1 260
-
-
total
1 056
1 260
-
-
Dividends
104 547
124 740
-
-
withholding
15 682
18 711
-
-
total
15 682
18 711
-
-
Income
126 000
126 000
126 000
126 000
Total tax
24 387
19 971
40 920
54 816
After tax
101 613
106 029
85 080
71 184
Living cost
12 748
12 748
12 748
12 748
Free-cash
88 865
93 281
72 332
58 436

Estimated living cost  is ₽12748 per week

₽7898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽28775
₽17614
₽23373
₽24482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
126 000
social contributions
-
-
-
32 408
regional
-
-
-
2 809
municipal
-
-
-
842
national
-
-
-
28 975
total
-
-
-
65 034
Employee
79 519
-
126 000
-
municipal
475
-
752
-
national
13 438
-
25 144
-
regional
1 201
-
2 411
-
social contributions
26 813
-
42 486
-
total
41 927
-
70 793
-
Employer
79 519
-
126 000
-
total
-
-
-
-
Corporate
46 481
126 000
-
-
municipal
2 240
6 073
-
-
nationa
11 155
30 239
-
-
total
13 395
36 312
-
-
Dividends
33 086
89 688
-
-
withholding
8 603
23 320
-
-
total
8 603
23 320
-
-
Income
126 000
126 000
126 000
126 000
Total tax
63 925
59 632
70 793
65 034
After tax
62 075
66 368
55 207
60 966
Living cost
37 593
37 593
37 593
37 593
Free-cash
24 482
28 775
17 614
23 373

Estimated living cost  is ₽37593 per week

₽26407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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