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
₽ 160000
per

Your estimated
City
free-cash

Dresden , Germany
₽51072
₽61902
₽54908
₽72941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
trade
-
-
-
18 033
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.

-
-
-
48 083
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.

-
-
-
6 686
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.

-
-
-
2 645
total
-
-
-
75 447
Employee

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

37 435
-
160 000
-
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.

1 046
-
48 083
-
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.

58
-
2 645
-
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.

6 686
-
6 686
-
total
7 790
-
57 414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
122 565
160 000
-
-
income
18 384
24 000
-
-
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.

1 010
1 321
-
-
trade
19 303
25 200
-
-
chamber of commerce
325
379
-
-
total
39 022
50 900
-
-
Dividends
83 543
109 100
-
-
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.

1 127
1 480
-
-
withholding
20 514
26 903
-
-
total
21 641
28 383
-
-
Income
160 000
160 000
160 000
160 000
Total tax
68 453
79 283
57 414
75 447
After tax
91 547
80 717
102 586
84 553
Living cost
29 645
29 645
29 645
29 645
Free-cash
61 902
51 072
72 941
54 908

Estimated living cost  is ₽29645 per week

₽18648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3456
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.
₽6987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46517
₽45631
₽41525
₽42781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
17 349
national
-
-
-
26 883
pensions
-
-
-
19 200
social contributions
-
-
-
1 720
total
-
-
-
65 152
Employee
82 661
-
138 319
-
national
15 821
-
27 843
-
pensions
3 306
-
5 533
-
municipal
10 210
-
17 968
-
total
29 337
-
51 344
-
Employer
82 661
-
138 319
-
social contributions
889
-
1 487
-
pensions
6 613
-
11 065
-
total
7 502
-
12 552
-
Corporate
64 382
160 000
-
-
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%.

12 876
32 000
-
-
total
12 876
32 000
-
-
Dividends
51 506
128 000
-
-
withholding
11 331
28 160
-
-
total
11 331
28 160
-
-
Income
160 000
160 000
160 000
160 000
Total tax
61 046
60 160
63 896
65 152
After tax
98 954
99 840
96 104
94 848
Living cost
53 323
53 323
53 323
53 323
Free-cash
45 631
46 517
42 781
41 525

Estimated living cost  is ₽53323 per week

₽36243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽798
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107638
₽99609
₽33785
₽45141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
microenterprise
-
-
-
-
income
-
-
-
27 553
surtax
-
-
-
40 800
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.

-
-
-
37 500
total
-
-
-
105 853
Employee
28 599
-
118 829
-
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.

3 146
-
12 830
-
income
5 091
-
23 265
-
surtax
-
-
17 230
-
total
8 237
-
53 325
-
Employer
28 599
-
118 829
-
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.

6 889
-
28 100
-
surtax
-
-
13 072
-
total
6 889
-
41 172
-
Corporate
124 512
160 000
-
-
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%.

24 903
32 000
-
-
total
24 903
32 000
-
-
Dividends

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

99 609
128 000
-
-
total
-
-
-
-
Income
160 000
160 000
160 000
160 000
Total tax
40 029
32 000
94 497
105 853
After tax
119 971
128 000
65 503
54 147
Living cost
20 362
20 362
20 362
20 362
Free-cash
99 609
107 638
45 141
33 785

Estimated living cost  is ₽20362 per week

₽12990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽38029
₽32033
₽48195
₽57616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
47 268
health
-
-
-
12 069
pensions
-
-
-
11 467
total
-
-
-
70 804
Employee
83 580
83 580
141 811
-
pensions
15 044
11 467
11 467
-
income

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

13 681
13 681
19 658
-
health
12 829
10 912
12 069
-
total
41 554
36 060
43 194
-
Employer
83 580
83 580
141 811
-
health
5 810
5 810
7 219
-
pensions
5 817
5 817
7 231
-
unemployment
3 009
3 009
3 739
-
total
14 636
14 636
18 189
-
Corporate
62 810
61 784
-
-
income
12 561
12 357
-
-
total
12 561
12 357
-
-
Dividends
50 248
49 427
-
-
income
10 678
10 503
-
-
withholding
7 537
7 414
-
-
total
18 215
17 917
-
-
Income
160 000
160 000
160 000
160 000
Total tax
86 966
80 970
61 383
70 804
After tax
73 034
79 030
98 617
89 196
Living cost
41 001
41 001
41 001
41 001
Free-cash
32 033
38 029
57 616
48 195

Estimated living cost  is ₽41001 per week

₽29056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽652
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48351
₽47477
₽43903
₽42956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
40 326
national
-
-
-
11 994
unemployment
-
-
-
86
accident
-
-
-
171
health
-
-
-
5 335
pensions
-
-
-
9 242
other
-
-
-
9 934
total
-
-
-
77 088
Employee
55 584
-
133 138
-
national
-
-
11 471
-
municipal
16 575
-
39 702
-
total
16 575
-
51 173
-
Employer
55 584
-
133 138
-
health
3 418
-
5 258
-
pensions
6 008
-
9 242
-
accident
111
-
171
-
other
6 459
-
9 934
-
unemployment
1 467
-
2 257
-
total
17 463
-
26 862
-
Corporate
86 952
160 000
-
-
income
19 129
35 200
-
-
total
19 129
35 200
-
-
Dividends
67 823
124 800
-
-
withholding
20 347
37 440
-
-
total
20 347
37 440
-
-
Income
160 000
160 000
160 000
160 000
Total tax
73 514
72 640
78 035
77 088
After tax
86 486
87 360
81 965
82 912
Living cost
39 009
39 009
39 009
39 009
Free-cash
47 477
48 351
42 956
43 903

Estimated living cost  is ₽39009 per week

₽25853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41446
₽55202
₽45302
₽64137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
trade
-
-
-
18 835
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.

-
-
-
48 083
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.

-
-
-
6 686
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.

-
-
-
2 645
total
-
-
-
76 249
Employee

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

49 634
-
160 000
-
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.

4 264
-
48 083
-
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.

234
-
2 645
-
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.

6 686
-
6 686
-
total
11 184
-
57 414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
110 366
160 000
-
-
income
16 554
24 000
-
-
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.

910
1 321
-
-
trade
18 155
26 320
-
-
chamber of commerce
306
377
-
-
total
35 925
52 018
-
-
Dividends
74 440
107 982
-
-
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.

1 003
1 464
-
-
withholding
18 237
26 623
-
-
total
19 240
28 087
-
-
Income
160 000
160 000
160 000
160 000
Total tax
66 349
80 105
57 414
76 249
After tax
93 651
79 895
102 586
83 751
Living cost
38 449
38 449
38 449
38 449
Free-cash
55 202
41 446
64 137
45 302

Estimated living cost  is ₽38449 per week

₽25715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4055
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.
₽8105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85016
₽80958
₽78234
₽76795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
30 104
health
-
-
-
4 081
social contributions
-
-
-
15 836
total
-
-
-
50 021
Employee
75 260
75 260
148 823
-
social contributions
3 657
6 246
8 425
-
income
7 903
6 967
29 327
-
health
749
1 280
2 530
-
total
12 309
14 493
40 282
-
Employer
75 260
75 260
148 823
-
social contributions
3 657
6 246
8 425
-
health
815
1 393
2 753
-
total
4 472
7 639
11 178
-
Corporate
111 474
77 101
-
-
income
13 934
9 638
-
-
total
13 934
9 638
-
-
Dividends
97 540
67 463
-
-
withholding
16 582
11 469
-
-
total
16 582
11 469
-
-
Income
160 000
160 000
160 000
160 000
Total tax
47 297
43 239
51 460
50 021
After tax
112 703
116 761
108 540
109 979
Living cost
31 745
31 745
31 745
31 745
Free-cash
80 958
85 016
76 795
78 234

Estimated living cost  is ₽31745 per week

₽21701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70713
₽71112
₽91617
₽73531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
2 400
income
-
-
-
19 560
health
-
-
-
11 200
pensions
-
-
-
16 000
total
-
-
-
49 160
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.

27 748
11 043
133 891
-
pensions
2 775
1 104
13 389
-
unemployment
416
166
2 008
-
income
3 392
1 350
16 368
-
health
1 942
773
9 372
-
total
8 525
3 393
41 137
-
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.

27 748
11 043
133 891
-
pensions
5 411
2 153
26 109
-
total
5 411
2 153
26 109
-
Corporate
126 841
146 803
-
-
income
11 416
13 212
-
-
total
11 416
13 212
-
-
Dividends
115 425
133 591
-
-
social contributions
22 382
25 924
-
-
withholding
21 931
25 382
-
-
total
44 313
51 306
-
-
Income
160 000
160 000
160 000
160 000
Total tax
69 665
70 064
67 246
49 160
After tax
90 335
89 936
92 754
110 840
Living cost
19 223
19 223
19 223
19 223
Free-cash
71 112
70 713
73 531
91 617

Estimated living cost  is ₽19223 per week

₽13118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104360
₽98279
₽62121
₽68582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
21 439
health
-
-
-
20 800
pensions
-
-
-
32 000
total
-
-
-
74 239
Employee
27 765
-
119 583
-
pensions
555
-
2 392
-
unemployment
444
-
1 913
-
income
3 126
-
23 055
-
total
4 125
-
27 360
-
Employer
27 765
-
119 583
-
health
3 609
-
15 546
-
pensions
5 553
-
23 915
-
unemployment
223
-
957
-
total
9 385
-
40 418
-
Corporate
122 850
160 000
-
-
income
24 571
32 000
-
-
total
24 571
32 000
-
-
Dividends
98 279
128 000
-
-
total
-
-
-
-
Income
160 000
160 000
160 000
160 000
Total tax
38 081
32 000
67 778
74 239
After tax
121 919
128 000
92 222
85 761
Living cost
23 640
23 640
23 640
23 640
Free-cash
98 279
104 360
68 582
62 121

Estimated living cost  is ₽23640 per week

₽16215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1408
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8290
₽9700
₽88162
₽65301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
accident
-
-
-
244
income
-
-
-
43 860
health
-
-
-
2 107
pensions
-
-
-
4 019
other
-
-
-
358
total
-
-
-
50 588
Employee
33 428
-
143 448
-
pensions
3 764
-
7 369
-
income
4 586
-
33 102
-
health
3 827
-
16 425
-
total
12 177
-
56 896
-
Employer
33 428
-
143 448
-
pensions
5 436
-
10 642
-
accident
558
-
2 396
-
unemployment
819
-
3 515
-
total
6 813
-
16 553
-
Corporate
119 759
160 000
-
-
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.

107 784
144 000
-
-
total
107 784
144 000
-
-
Dividends
11 976
16 000
-
-
withholding
2 276
3 040
-
-
total
2 276
3 040
-
-
Income
160 000
160 000
160 000
160 000
Total tax
129 050
147 040
73 449
50 588
After tax
30 950
12 960
86 551
109 412
Living cost
21 250
21 250
21 250
21 250
Free-cash
9 700
-8 290
65 301
88 162

Estimated living cost  is ₽21250 per week

₽15575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143551
₽141967
₽149951
₽119551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
160 000
microenterprise

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

-
-
-
1 600
total
-
-
-
1 600
Employee
10 561
-
160 000
-
income
2 112
-
32 000
-
total
2 112
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

149 439
160 000
-
-
total
-
-
-
-
Dividends
149 439
160 000
-
-
withholding
7 472
8 000
-
-
total
7 472
8 000
-
-
Income
160 000
160 000
160 000
160 000
Total tax
9 584
8 000
32 000
1 600
After tax
150 416
152 000
128 000
158 400
Living cost
8 449
8 449
8 449
8 449
Free-cash
141 967
143 551
119 551
149 951

Estimated living cost  is ₽8449 per week

₽5236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽702
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91474
₽84863
₽61060
₽64901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
23 523
health
-
-
-
6 549
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.

-
-
-
35 720
other
-
-
-
7 069
total
-
-
-
72 861
Employee
35 537
-
127 798
-
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.

2 487
-
8 945
-
unemployment
355
-
1 278
-
income
6 118
-
24 805
-
health
498
-
1 789
-
total
9 458
-
36 817
-
Employer
35 537
-
127 798
-
health
498
-
1 789
-
pensions

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

6 042
-
21 725
-
accident
284
-
1 022
-
other
1 777
-
6 389
-
unemployment
355
-
1 278
-
total
8 956
-
32 203
-
Corporate
115 507
160 000
-
-
income
24 257
33 599
-
-
total
24 257
33 599
-
-
Dividends
91 250
126 401
-
-
withholding
6 387
8 848
-
-
total
6 387
8 848
-
-
Income
160 000
160 000
160 000
160 000
Total tax
49 058
42 447
69 020
72 861
After tax
110 942
117 553
90 980
87 139
Living cost
26 079
26 079
26 079
26 079
Free-cash
84 863
91 474
64 901
61 060

Estimated living cost  is ₽26079 per week

₽18427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽420
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40410
₽40633
₽41346
₽26788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
44 331
pensions
-
-
-
8 580
total
-
-
-
52 911
Employee
93 017
-
139 890
-
pensions
8 974
-
10 652
-
income
16 767
-
34 628
-
health
1 533
-
2 079
-
total
27 274
-
47 359
-
Employer
93 017
-
139 890
-
health
1 767
-
2 659
-
pensions
10 983
-
17 451
-
total
12 750
-
20 110
-
Corporate
54 234
160 000
-
-
income

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

10 305
30 400
-
-
total
10 305
30 400
-
-
Dividends
43 929
129 600
-
-
withholding
3 295
23 447
-
-
total
3 295
23 447
-
-
Income
160 000
160 000
160 000
160 000
Total tax
53 624
53 847
67 469
52 911
After tax
106 376
106 153
92 531
107 089
Living cost
65 743
65 743
65 743
65 743
Free-cash
40 633
40 410
26 788
41 346

Estimated living cost  is ₽65743 per week

₽49263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽123820
₽119222
₽113788
₽119909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
138
income
-
-
-
24 000
health
-
-
-
3 977
pensions

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

-
-
-
5 118
total
-
-
-
33 233
Employee
17 187
-
153 216
-
pensions

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

1 509
-
3 036
-
income
1 718
-
15 321
-
health
791
-
1 591
-
accident

We are using the highest rate at 1.1%.

189
-
380
-
total
4 207
-
20 328
-
Employer
17 187
-
153 216
-
health
1 186
-
2 386
-
pensions

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

1 894
-
3 810
-
accident

We are using the highest rate at 1.1%.

189
-
380
-
unemployment
103
-
207
-
total
3 372
-
6 783
-
Corporate
139 441
160 000
-
-
income
13 944
16 000
-
-
total
13 944
16 000
-
-
Dividends
125 497
144 000
-
-
withholding
6 275
7 200
-
-
total
6 275
7 200
-
-
Income
160 000
160 000
160 000
160 000
Total tax
27 798
23 200
27 111
33 233
After tax
132 202
136 800
132 889
126 767
Living cost
12 980
12 980
12 980
12 980
Free-cash
119 222
123 820
119 909
113 788

Estimated living cost  is ₽12980 per week

₽7578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24758
₽27221
₽34924
₽44345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
47 268
health
-
-
-
12 069
pensions
-
-
-
11 467
total
-
-
-
70 804
Employee
90 741
83 580
141 811
-
pensions
11 467
11 467
11 467
-
income

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

13 681
13 681
19 658
-
health
11 320
10 912
12 069
-
total
36 468
36 060
43 194
-
Employer
90 741
83 580
141 811
-
health
6 306
5 810
7 219
-
pensions
6 315
5 817
7 231
-
unemployment
3 267
3 009
3 739
-
total
15 888
14 636
18 189
-
Corporate
53 371
61 784
-
-
income
10 674
12 357
-
-
total
10 674
12 357
-
-
Dividends
42 697
49 427
-
-
income
9 073
10 503
-
-
withholding
6 404
7 414
-
-
total
15 477
17 917
-
-
Income
160 000
160 000
160 000
160 000
Total tax
78 507
80 970
61 383
70 804
After tax
81 493
79 030
98 617
89 196
Living cost
54 272
54 272
54 272
54 272
Free-cash
27 221
24 758
44 345
34 924

Estimated living cost  is ₽54272 per week

₽40035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85864
₽77195
₽63626
₽56899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
solidarity contribution
-
-
-
-
income
-
-
-
15 516
health
-
-
-
21 600
social contributions
-
-
-
34 962
total
-
-
-
72 078
Employee
35 730
-
119 403
-
social contributions
2 322
-
7 761
-
income
4 288
-
14 328
-
solidarity contribution
-
-
-
-
health
4 824
-
16 119
-
total
11 434
-
38 208
-
Employer
35 730
-
119 403
-
social contributions
8 933
-
29 851
-
health
3 216
-
10 746
-
total
12 149
-
40 597
-
Corporate
112 122
160 000
-
-
income
21 303
30 400
-
-
total
21 303
30 400
-
-
Dividends
90 819
129 600
-
-
withholding
13 623
19 440
-
-
total
13 623
19 440
-
-
Income
160 000
160 000
160 000
160 000
Total tax
58 509
49 840
78 805
72 078
After tax
101 491
110 160
81 195
87 922
Living cost
24 296
24 296
24 296
24 296
Free-cash
77 195
85 864
56 899
63 626

Estimated living cost  is ₽24296 per week

₽16877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44066
₽38956
₽35894
₽28665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
951
national
-
-
-
38 828
regional
-
-
-
1 875
social contributions
-
-
-
41 153
total
-
-
-
82 807
Employee
86 984
-
160 000
-
national
15 072
-
33 581
-
social contributions
29 331
-
53 952
-
municipal
461
-
849
-
regional
821
-
1 654
-
total
45 685
-
90 036
-
Employer
86 984
-
160 000
-
total
-
-
-
-
Corporate
73 016
160 000
-
-
municipal
2 847
6 241
-
-
nationa
17 524
38 400
-
-
total
20 371
44 641
-
-
Dividends
52 645
115 359
-
-
withholding
13 689
29 994
-
-
total
13 689
29 994
-
-
Income
160 000
160 000
160 000
160 000
Total tax
79 745
74 635
90 036
82 807
After tax
80 255
85 365
69 964
77 193
Living cost
41 299
41 299
41 299
41 299
Free-cash
38 956
44 066
28 665
35 894

Estimated living cost  is ₽41299 per week

₽28789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79042
₽75996
₽54281
₽48158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
223
income
-
-
-
42 226
health
-
-
-
9 274
surtax
-
-
-
6 274
pensions
-
-
-
26 125
other
-
-
-
-
total
-
-
-
84 122
Employee
32 366
-
132 504
-
pensions
2 158
-
8 713
-
unemployment
2 253
-
9 092
-
income
5 425
-
36 372
-
other
-
-
-
-
surtax
106
-
5 243
-
health
827
-
3 330
-
total
10 769
-
62 750
-
Employer
32 366
-
132 504
-
health
1 473
-
5 943
-
pensions
4 315
-
17 412
-
other
-
-
-
-
unemployment
1 025
-
4 140
-
total
6 813
-
27 495
-
Corporate
120 821
160 000
-
-
income
31 413
41 601
-
-
total
31 413
41 601
-
-
Dividends
89 408
118 399
-
-
withholding
13 412
17 760
-
-
total
13 412
17 760
-
-
Income
160 000
160 000
160 000
160 000
Total tax
62 407
59 361
90 245
84 122
After tax
97 593
100 639
69 755
75 878
Living cost
21 597
21 597
21 597
21 597
Free-cash
75 996
79 042
48 158
54 281

Estimated living cost  is ₽21597 per week

₽13206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽61239
₽67231
₽62175
₽47617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
44 331
pensions
-
-
-
8 580
total
-
-
-
52 911
Employee
62 338
-
139 890
-
pensions
5 291
-
10 652
-
income
11 227
-
34 628
-
health
905
-
2 079
-
total
17 423
-
47 359
-
Employer
62 338
-
139 890
-
health
1 184
-
2 659
-
pensions
6 748
-
17 451
-
total
7 932
-
20 110
-
Corporate
89 730
160 000
-
-
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.

17 049
30 400
-
-
total
17 049
30 400
-
-
Dividends
72 681
129 600
-
-
withholding
5 451
23 447
-
-
total
5 451
23 447
-
-
Income
160 000
160 000
160 000
160 000
Total tax
47 855
53 847
67 469
52 911
After tax
112 145
106 153
92 531
107 089
Living cost
44 914
44 914
44 914
44 914
Free-cash
67 231
61 239
47 617
62 175

Estimated living cost  is ₽44914 per week

₽33649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽3382
₽29370
₽53899
₽46124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
city
-
-
-
1 687
national
-
-
-
2 132
regional
-
-
-
7 457
health
-
-
-
360
pensions
-
-
-
14 719
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.

-
-
-
3 201
total
-
-
-
29 556
Employee
89 578
-
143 209
-
national
424
-
1 762
-
city
961
-
1 539
-
pensions
7 526
-
12 030
-
unemployment
-
-
-
-
health
202
-
322
-
regional
2 933
-
6 462
-
total
12 046
-
22 115
-
Employer
89 578
-
143 209
-
health
202
-
322
-
pensions
7 526
-
12 030
-
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.

1 791
-
2 864
-
unemployment
-
-
-
-
total
9 519
-
15 216
-
Corporate
59 918
160 000
-
-
national
5 094
13 601
-
-
regional
12 673
33 840
-
-
total
17 767
47 441
-
-
Dividends
42 152
112 559
-
-
withholding
14 753
39 396
-
-
total
14 753
39 396
-
-
Income
160 000
160 000
160 000
160 000
Total tax
54 085
86 837
37 331
29 556
After tax
105 915
73 163
122 669
130 444
Living cost
76 545
76 545
76 545
76 545
Free-cash
29 370
-3 382
46 124
53 899

Estimated living cost  is ₽76545 per week

₽49776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽940
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽34237
₽50107
₽38114
₽57750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
trade
-
-
-
19 636
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.

-
-
-
48 083
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.

-
-
-
6 686
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.

-
-
-
2 645
total
-
-
-
77 050
Employee

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

58 820
-
160 000
-
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.

6 917
-
48 083
-
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.

381
-
2 645
-
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.

6 686
-
6 686
-
total
13 984
-
57 414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
101 180
160 000
-
-
income
15 176
24 000
-
-
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.

834
1 321
-
-
trade
17 353
27 440
-
-
chamber of commerce
292
373
-
-
total
33 655
53 134
-
-
Dividends
67 525
106 865
-
-
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.

908
1 449
-
-
withholding
16 510
26 344
-
-
total
17 418
27 793
-
-
Income
160 000
160 000
160 000
160 000
Total tax
65 057
80 927
57 414
77 050
After tax
94 943
79 073
102 586
82 950
Living cost
44 836
44 836
44 836
44 836
Free-cash
50 107
34 237
57 750
38 114

Estimated living cost  is ₽44836 per week

₽32747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47154
₽52933
₽56881
₽55818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
24 026
health
-
-
-
6 378
surtax
-
-
-
-
pensions
-
-
-
29 712
other
-
-
-
4 959
social contributions
-
-
-
4 558
total
-
-
-
69 633
Employee
41 888
-
124 674
-
pensions
4 736
-
8 319
-
social contributions
1 194
-
3 553
-
income
2 472
-
23 497
-
surtax
-
-
-
-
total
8 402
-
35 369
-
Employer
41 888
-
124 674
-
social contributions
126
-
373
-
health
2 933
-
11 121
-
pensions
6 881
-
14 068
-
other
1 445
-
4 715
-
unemployment
1 696
-
5 050
-
total
13 081
-
35 327
-
Corporate
105 030
160 000
-
-
income
29 409
44 801
-
-
surtax
-
-
-
-
total
29 409
44 801
-
-
Dividends
75 621
115 199
-
-
social contributions
13 009
19 814
-
-
surtax
-
-
-
-
withholding
9 680
14 745
-
-
total
22 689
34 559
-
-
Income
160 000
160 000
160 000
160 000
Total tax
73 581
79 360
70 696
69 633
After tax
86 419
80 640
89 304
90 367
Living cost
33 486
33 486
33 486
33 486
Free-cash
52 933
47 154
55 818
56 881

Estimated living cost  is ₽33486 per week

₽21114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50472
₽55912
₽60199
₽59136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
24 026
health
-
-
-
6 378
surtax
-
-
-
-
pensions
-
-
-
29 712
other
-
-
-
4 959
social contributions
-
-
-
4 558
total
-
-
-
69 633
Employee
37 391
-
124 674
-
pensions
4 229
-
8 319
-
social contributions
1 066
-
3 553
-
income
1 928
-
23 497
-
surtax
-
-
-
-
total
7 223
-
35 369
-
Employer
37 391
-
124 674
-
social contributions
111
-
373
-
health
2 617
-
11 121
-
pensions
6 144
-
14 068
-
other
1 291
-
4 715
-
unemployment
1 514
-
5 050
-
total
11 677
-
35 327
-
Corporate
110 932
160 000
-
-
income
31 060
44 801
-
-
surtax
-
-
-
-
total
31 060
44 801
-
-
Dividends
79 872
115 199
-
-
social contributions
13 737
19 814
-
-
surtax
-
-
-
-
withholding
10 223
14 745
-
-
total
23 960
34 559
-
-
Income
160 000
160 000
160 000
160 000
Total tax
73 920
79 360
70 696
69 633
After tax
86 080
80 640
89 304
90 367
Living cost
30 168
30 168
30 168
30 168
Free-cash
55 912
50 472
59 136
60 199

Estimated living cost  is ₽30168 per week

₽17496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3065
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76859
₽77367
₽81998
₽79063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
24 000
health
-
-
-
11 168
social contributions
-
-
-
22 080
total
-
-
-
57 248
Employee
33 185
-
160 000
-
social contributions
4 580
-
22 080
-
income
5 535
-
26 935
-
health
2 316
-
11 168
-
total
12 431
-
60 183
-
Employer
33 185
-
160 000
-
total
-
-
-
-
Corporate
126 815
160 000
-
-
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%.

6 341
8 000
-
-
total
6 341
8 000
-
-
Dividends
120 474
152 000
-
-
social contributions
16 625
20 977
-
-
health
8 410
10 609
-
-
withholding
18 072
22 801
-
-
total
43 107
54 387
-
-
Income
160 000
160 000
160 000
160 000
Total tax
61 879
62 387
60 183
57 248
After tax
98 121
97 613
99 817
102 752
Living cost
20 754
20 754
20 754
20 754
Free-cash
77 367
76 859
79 063
81 998

Estimated living cost  is ₽20754 per week

₽13889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54160
₽52648
₽47598
₽7729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
6 003
income
-
-
-
41 179
chamber of commerce
-
-
-
641
health
-
-
-
8 746
surtax
-
-
-
193
pensions
-
-
-
21 153
total
-
-
-
77 915
Employee
48 913
39 004
126 046
-
pensions
5 009
3 993
11 709
-
unemployment
1 467
1 170
3 430
-
income
5 568
2 877
32 540
-
other
488
390
1 144
-
health
1 893
1 510
4 424
-
total
14 425
9 940
53 247
-
Employer
48 913
39 004
126 046
-
chamber of commerce
195
156
503
-
health
1 848
1 475
4 322
-
payroll
1 467
1 170
3 782
-
pensions
6 138
4 896
14 350
-
surtax
193
193
193
-
accident
635
507
1 486
-
other
2 324
1 852
5 888
-
unemployment
1 467
1 170
3 430
-
total
14 267
11 419
33 954
-
Corporate
96 819
109 577
122 331
-
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.

24 205
27 394
30 583
-
total
24 205
27 394
30 583
-
Dividends
72 614
82 183
-
-
withholding
19 968
22 600
-
-
total
19 968
22 600
-
-
Income
160 000
160 000
160 000
160 000
Total tax
72 865
71 353
117 784
77 915
After tax
87 135
88 647
42 216
82 085
Living cost
34 487
34 487
34 487
34 487
Free-cash
52 648
54 160
7 729
47 598

Estimated living cost  is ₽34487 per week

₽23001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽566
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53822
₽39142
₽33601
₽21336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
national
-
-
-
58 177
communal

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

-
-
-
8 135
social contributions
-
-
-
24 401
total
-
-
-
90 713
Employee

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

70 009
-
123 927
-
national
21 524
-
44 244
-
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.

5 251
-
9 294
-
communal

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

3 652
-
6 464
-
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.

609
-
1 077
-
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.

3 289
-
5 825
-
total
34 325
-
66 904
-
Employer

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

70 009
-
123 927
-
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.

4 305
-
7 621
-
pensions

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

6 203
-
10 981
-
surtax
7 938
-
14 053
-
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.

910
-
1 610
-
unemployment

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

1 022
-
1 809
-
total
20 378
-
36 074
-
Corporate
69 612
160 000
-
-
income
13 923
32 000
-
-
surtax
279
641
-
-
total
14 202
32 641
-
-
Dividends
55 411
127 359
-
-
withholding

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

16 267
37 851
-
-
total
16 267
37 851
-
-
Income
160 000
160 000
160 000
160 000
Total tax
85 172
70 492
102 978
90 713
After tax
74 828
89 508
57 022
69 287
Living cost
35 686
35 686
35 686
35 686
Free-cash
39 142
53 822
21 336
33 601

Estimated living cost  is ₽35686 per week

₽22986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71455
₽64521
₽54586
₽50480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
635
accident
-
-
-
817
income
-
-
-
42 853
pensions
-
-
-
25 672
other
-
-
-
91
total
-
-
-
70 068
Employee
48 719
-
131 079
-
pensions
2 290
-
4 264
-
unemployment
756
-
1 406
-
income
10 279
-
39 493
-
other
48
-
91
-
total
13 373
-
45 254
-
Employer
48 719
-
131 079
-
pensions
11 497
-
21 409
-
accident
964
-
1 796
-
other
388
-
726
-
unemployment
2 680
-
4 989
-
total
15 529
-
28 920
-
Corporate
95 752
160 000
-
-
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.

14 363
24 000
-
-
total
14 363
24 000
-
-
Dividends
81 389
136 000
-
-
withholding
16 868
29 199
-
-
total
16 868
29 199
-
-
Income
160 000
160 000
160 000
160 000
Total tax
60 133
53 199
74 174
70 068
After tax
99 867
106 801
85 826
89 932
Living cost
35 346
35 346
35 346
35 346
Free-cash
64 521
71 455
50 480
54 586

Estimated living cost  is ₽35346 per week

₽26029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽41161
₽29237
₽27307
₽33683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
accident
-
-
-
1 348
income
-
-
-
24 889
communal
-
-
-
10 111
health
-
-
-
11 242
surtax
-
-
-
7 933
pensions
-
-
-
23 982
total
-
-
-
79 505
Employee
74 119
-
142 920
-
pensions
5 929
-
11 434
-
income
7 159
-
29 496
-
surtax
4 543
-
8 759
-
health
3 299
-
6 360
-
total
20 930
-
56 049
-
Employer
74 119
-
142 920
-
health
2 260
-
4 359
-
pensions
5 929
-
11 434
-
accident
667
-
1 287
-
total
8 856
-
17 080
-
Corporate
77 025
160 000
-
-
income
11 554
24 000
-
-
surtax
808
1 681
-
-
communal
5 199
10 800
-
-
total
17 561
36 481
-
-
Dividends
59 464
123 518
-
-
income
21 309
10 643
-
-
withholding
8 919
18 527
-
-
total
30 228
29 170
-
-
Income
160 000
160 000
160 000
160 000
Total tax
77 575
65 651
73 129
79 505
After tax
82 425
94 349
86 871
80 495
Living cost
53 188
53 188
53 188
53 188
Free-cash
29 237
41 161
33 683
27 307

Estimated living cost  is ₽53188 per week

₽39899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78656
₽75544
₽53895
₽47772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
223
income
-
-
-
42 226
health
-
-
-
9 274
surtax
-
-
-
6 274
pensions
-
-
-
26 125
other
-
-
-
-
total
-
-
-
84 122
Employee
32 960
-
132 504
-
pensions
2 199
-
8 713
-
unemployment
2 294
-
9 092
-
income
5 526
-
36 372
-
other
-
-
-
-
surtax
117
-
5 243
-
health
841
-
3 330
-
total
10 977
-
62 750
-
Employer
32 960
-
132 504
-
health
1 499
-
5 943
-
pensions
4 394
-
17 412
-
other
-
-
-
-
unemployment
1 046
-
4 140
-
total
6 939
-
27 495
-
Corporate
120 101
160 000
-
-
income
31 225
41 601
-
-
total
31 225
41 601
-
-
Dividends
88 875
118 399
-
-
withholding
13 332
17 760
-
-
total
13 332
17 760
-
-
Income
160 000
160 000
160 000
160 000
Total tax
62 473
59 361
90 245
84 122
After tax
97 527
100 639
69 755
75 878
Living cost
21 983
21 983
21 983
21 983
Free-cash
75 544
78 656
47 772
53 895

Estimated living cost  is ₽21983 per week

₽13273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57736
₽55562
₽50291
₽43099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
951
national
-
-
-
38 828
regional
-
-
-
2 412
social contributions
-
-
-
41 153
total
-
-
-
83 344
Employee
54 292
-
160 000
-
national
8 601
-
33 581
-
social contributions
18 308
-
53 952
-
municipal
288
-
849
-
regional
731
-
2 154
-
total
27 928
-
90 536
-
Employer
54 292
-
160 000
-
total
-
-
-
-
Corporate
105 708
160 000
-
-
municipal
5 254
7 951
-
-
nationa
25 369
38 400
-
-
total
30 623
46 351
-
-
Dividends
75 084
113 648
-
-
withholding
19 522
29 548
-
-
total
19 522
29 548
-
-
Income
160 000
160 000
160 000
160 000
Total tax
78 073
75 899
90 536
83 344
After tax
81 927
84 101
69 464
76 656
Living cost
26 365
26 365
26 365
26 365
Free-cash
55 562
57 736
43 099
50 291

Estimated living cost  is ₽26365 per week

₽16397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2671
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.
₽6846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80220
₽69539
₽57982
₽51255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
solidarity contribution
-
-
-
-
income
-
-
-
15 516
health
-
-
-
21 600
social contributions
-
-
-
34 962
total
-
-
-
72 078
Employee
44 029
-
119 403
-
social contributions
2 862
-
7 761
-
income
5 283
-
14 328
-
solidarity contribution
-
-
-
-
health
5 944
-
16 119
-
total
14 089
-
38 208
-
Employer
44 029
-
119 403
-
social contributions
11 007
-
29 851
-
health
3 963
-
10 746
-
total
14 970
-
40 597
-
Corporate
101 002
160 000
-
-
income
19 190
30 400
-
-
total
19 190
30 400
-
-
Dividends
81 811
129 600
-
-
withholding
12 272
19 440
-
-
total
12 272
19 440
-
-
Income
160 000
160 000
160 000
160 000
Total tax
60 521
49 840
78 805
72 078
After tax
99 479
110 160
81 195
87 922
Living cost
29 940
29 940
29 940
29 940
Free-cash
69 539
80 220
51 255
57 982

Estimated living cost  is ₽29940 per week

₽22265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57526
₽57044
₽51053
₽11051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
6 003
income
-
-
-
41 179
chamber of commerce
-
-
-
641
health
-
-
-
8 746
surtax
-
-
-
-
pensions
-
-
-
21 153
total
-
-
-
77 722
Employee
42 783
39 004
126 226
-
pensions
4 381
3 993
11 709
-
unemployment
1 283
1 170
3 430
-
income
3 811
2 877
32 617
-
other
427
390
1 144
-
health
1 655
1 510
4 424
-
total
11 557
9 940
53 324
-
Employer
42 783
39 004
126 226
-
chamber of commerce
171
156
505
-
health
1 618
1 475
4 322
-
payroll
1 283
1 170
3 787
-
pensions
5 370
4 896
14 350
-
surtax
-
-
-
-
accident
555
507
1 486
-
other
2 032
1 852
5 893
-
unemployment
1 283
1 170
3 430
-
total
12 312
11 226
33 773
-
Corporate
104 904
109 770
122 512
-
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.

26 226
27 442
30 627
-
total
26 226
27 442
30 627
-
Dividends
78 679
82 328
-
-
withholding
21 636
22 641
-
-
total
21 636
22 641
-
-
Income
160 000
160 000
160 000
160 000
Total tax
71 731
71 249
117 724
77 722
After tax
88 269
88 751
42 276
82 278
Living cost
31 225
31 225
31 225
31 225
Free-cash
57 044
57 526
11 051
51 053

Estimated living cost  is ₽31225 per week

₽18731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138833
₽136364
₽145233
₽114833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
160 000
microenterprise

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

-
-
-
1 600
total
-
-
-
1 600
Employee
16 459
-
160 000
-
income
3 292
-
32 000
-
total
3 292
-
32 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

143 541
160 000
-
-
total
-
-
-
-
Dividends
143 541
160 000
-
-
withholding
7 177
8 000
-
-
total
7 177
8 000
-
-
Income
160 000
160 000
160 000
160 000
Total tax
10 469
8 000
32 000
1 600
After tax
149 531
152 000
128 000
158 400
Living cost
13 167
13 167
13 167
13 167
Free-cash
136 364
138 833
114 833
145 233

Estimated living cost  is ₽13167 per week

₽8910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83906
₽75719
₽52523
₽48282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
unemployment
-
-
-
240
income
-
-
-
36 022
health
-
-
-
15 743
pensions
-
-
-
29 220
total
-
-
-
81 225
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.

43 280
-
138 442
-
pensions
6 709
-
21 458
-
unemployment
61
-
193
-
income
7 464
-
33 311
-
health
2 795
-
8 945
-
total
17 029
-
63 907
-
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.

43 280
-
138 442
-
health
2 883
-
9 222
-
pensions
3 830
-
12 253
-
unemployment
26
-
84
-
total
6 739
-
21 559
-
Corporate
109 982
160 000
-
-
income
20 897
30 401
-
-
total
20 897
30 401
-
-
Dividends
89 085
129 599
-
-
withholding
13 364
19 441
-
-
total
13 364
19 441
-
-
Income
160 000
160 000
160 000
160 000
Total tax
58 029
49 842
85 466
81 225
After tax
101 971
110 158
74 534
78 775
Living cost
26 252
26 252
26 252
26 252
Free-cash
75 719
83 906
48 282
52 523

Estimated living cost  is ₽26252 per week

₽18016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51390
₽731
₽64619
₽100035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
31 187
social contributions
-
-
-
18 240
total
-
-
-
49 427
Employee
65 891
-
-
-
social contributions
5 403
-
770
-
income
14 534
-
-
-
total
19 937
-
770
-
Employer
65 891
-
-
-
social contributions
92 906
-
13 241
-
total
92 906
-
13 241
-
Corporate
1 203
160 000
-
-
income
265
35 200
-
-
total
265
35 200
-
-
Dividends
939
124 800
-
-
income
207
27 456
-
-
total
207
27 456
-
-
Income
160 000
160 000
160 000
160 000
Total tax
113 315
62 656
14 011
49 427
After tax
46 685
97 344
145 989
110 573
Living cost
45 953
45 953
45 953
45 953
Free-cash
731
51 390
100 035
64 619

Estimated living cost  is ₽45953 per week

₽29816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽586
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60310
₽59322
₽55461
₽43652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
income
-
-
-
18 240
surtax
-
-
-
-
social contributions

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

-
-
-
55 599
total
-
-
-
73 839
Employee
45 014
-
129 293
-
social contributions
4 952
-
14 222
-
income
9 363
-
40 719
-
surtax
-
-
-
-
total
14 315
-
54 941
-
Employer
45 014
-
129 293
-
social contributions
10 691
-
30 707
-
total
10 691
-
30 707
-
Corporate
104 295
160 000
-
-
income
21 902
33 599
-
-
surtax
-
-
-
-
total
21 902
33 599
-
-
Dividends
82 393
126 401
-
-
withholding
23 070
35 391
-
-
total
23 070
35 391
-
-
Income
160 000
160 000
160 000
160 000
Total tax
69 978
68 990
85 648
73 839
After tax
90 022
91 010
74 352
86 161
Living cost
30 700
30 700
30 700
30 700
Free-cash
59 322
60 310
43 652
55 461

Estimated living cost  is ₽30700 per week

₽22970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽33368
₽40098
₽43095
₽42032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
24 026
health
-
-
-
6 378
surtax
-
-
-
-
pensions
-
-
-
29 712
other
-
-
-
4 959
social contributions
-
-
-
4 558
total
-
-
-
69 633
Employee
61 300
-
124 674
-
pensions
6 933
-
8 319
-
social contributions
1 746
-
3 553
-
income
5 349
-
23 497
-
surtax
-
-
-
-
total
14 028
-
35 369
-
Employer
61 300
-
124 674
-
social contributions
184
-
373
-
health
4 290
-
11 121
-
pensions
10 072
-
14 068
-
other
2 116
-
4 715
-
unemployment
2 483
-
5 050
-
total
19 145
-
35 327
-
Corporate
79 555
160 000
-
-
income
22 275
44 801
-
-
surtax
-
-
-
-
total
22 275
44 801
-
-
Dividends
57 280
115 199
-
-
social contributions
9 851
19 814
-
-
surtax
-
-
-
-
withholding
7 331
14 745
-
-
total
17 182
34 559
-
-
Income
160 000
160 000
160 000
160 000
Total tax
72 630
79 360
70 696
69 633
After tax
87 370
80 640
89 304
90 367
Living cost
47 272
47 272
47 272
47 272
Free-cash
40 098
33 368
42 032
43 095

Estimated living cost  is ₽47272 per week

₽31993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽648
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114579
₽111292
₽88844
₽93093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
6 536
social contributions
-
-
-
35 200
total
-
-
-
41 736
Employee
31 465
-
138 527
-
social contributions
2 045
-
9 004
-
income
-
-
7 010
-
total
2 045
-
16 014
-
Employer
31 465
-
138 527
-
social contributions
4 877
-
21 473
-
total
4 877
-
21 473
-
Corporate
123 657
160 000
-
-
income
12 366
16 001
-
-
total
12 366
16 001
-
-
Dividends
111 291
143 999
-
-
total
-
-
-
-
Income
160 000
160 000
160 000
160 000
Total tax
19 288
16 001
37 487
41 736
After tax
140 712
143 999
122 513
118 264
Living cost
29 420
29 420
29 420
29 420
Free-cash
111 292
114 579
93 093
88 844

Estimated living cost  is ₽29420 per week

₽19023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2218
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.
₽7626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽52837
-₽52837
₽48016
-₽52837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
32 970
national
-
-
-
18 389
labour market
-
-
-
12 732
pensions
-
-
-
847
total
-
-
-
64 938
Employee
198 569
198 569
198 569
-
national
24 259
24 259
24 259
-
pensions
282
282
282
-
municipal
42 284
42 284
42 284
-
labour market
15 863
15 863
15 863
-
total
82 688
82 688
82 688
-
Employer
198 569
198 569
198 569
-
municipal
42 351
42 351
42 351
-
labour market
15 886
15 886
15 886
-
national
24 301
24 301
24 301
-
pensions
565
565
565
-
total
83 103
83 103
83 103
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
160 000
160 000
160 000
160 000
Total tax
165 791
165 791
165 791
64 938
After tax
-5 791
-5 791
-5 791
95 062
Living cost
47 046
47 046
47 046
47 046
Free-cash
-52 837
-52 837
-52 837
48 016

Estimated living cost  is ₽47046 per week

₽32199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽724
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7977
₽9749
₽88475
₽65614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
accident
-
-
-
244
income
-
-
-
43 860
health
-
-
-
2 107
pensions
-
-
-
4 019
other
-
-
-
358
total
-
-
-
50 588
Employee
32 935
-
143 448
-
pensions
3 709
-
7 369
-
income
4 518
-
33 102
-
health
3 771
-
16 425
-
total
11 998
-
56 896
-
Employer
32 935
-
143 448
-
pensions
5 355
-
10 642
-
accident
550
-
2 396
-
unemployment
807
-
3 515
-
total
6 712
-
16 553
-
Corporate
120 353
160 000
-
-
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.

108 317
144 000
-
-
total
108 317
144 000
-
-
Dividends
12 035
16 000
-
-
withholding
2 287
3 040
-
-
total
2 287
3 040
-
-
Income
160 000
160 000
160 000
160 000
Total tax
129 314
147 040
73 449
50 588
After tax
30 686
12 960
86 551
109 412
Living cost
20 937
20 937
20 937
20 937
Free-cash
9 749
-7 977
65 614
88 475

Estimated living cost  is ₽20937 per week

₽15240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63452
₽65617
₽67424
₽47146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
160 000
municipal
-
-
-
28 430
national
-
-
-
24 514
health
-
-
-
2 056
total
-
-
-
55 000
Employee
51 493
-
134 601
-
national
851
-
15 180
-
pensions
3 475
-
9 086
-
unemployment
773
-
2 019
-
municipal
8 434
-
21 930
-
health
384
-
1 664
-
total
13 917
-
49 879
-
Employer
51 493
-
134 601
-
health
396
-
1 036
-
pensions
8 934
-
23 354
-
accident
52
-
134
-
unemployment
334
-
875
-
total
9 716
-
25 399
-
Corporate
98 791
160 000
-
-
income
19 758
32 000
-
-
total
19 758
32 000
-
-
Dividends

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

59 275
96 000
-
-
municipal
10 669
17 281
-
-
national
2 747
9 691
-
-
total
13 416
26 972
-
-
Income
160 000
160 000
160 000
160 000
Total tax
56 807
58 972
75 278
55 000
After tax
103 193
101 028
84 722
105 000
Living cost
37 576
37 576
37 576
37 576
Free-cash
65 617
63 452
47 146
67 424

Estimated living cost  is ₽37576 per week

₽24545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽598
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽94101
₽88776
₽87319
₽85880
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
30 104
health
-
-
-
4 081
social contributions
-
-
-
15 836
total
-
-
-
50 021
Employee
75 260
75 260
148 823
-
social contributions
2 845
6 246
8 425
-
income
8 195
6 967
29 327
-
health
583
1 280
2 530
-
total
11 623
14 493
40 282
-
Employer
75 260
75 260
148 823
-
social contributions
2 845
6 246
8 425
-
health
633
1 393
2 753
-
total
3 478
7 639
11 178
-
Corporate
122 238
77 101
-
-
income
15 280
9 638
-
-
total
15 280
9 638
-
-
Dividends
106 957
67 463
-
-
withholding
18 183
11 469
-
-
total
18 183
11 469
-
-
Income
160 000
160 000
160 000
160 000
Total tax
48 564
43 239
51 460
50 021
After tax
111 436
116 761
108 540
109 979
Living cost
22 660
22 660
22 660
22 660
Free-cash
88 776
94 101
85 880
87 319

Estimated living cost  is ₽22660 per week

₽13581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116958
₽111980
₽118489
₽98858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
160 000
unemployment
-
-
-
28
income
-
-
-
16 176
health
-
-
-
3 542
pensions
-
-
-
6 226
total
-
-
-
25 972
Employee

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

22 465
-
150 435
-
pensions
3 369
-
13 930
-
unemployment
111
-
464
-
income
1 536
-
13 750
-
health
1 909
-
7 894
-
total
6 925
-
36 038
-
Employer

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

22 465
-
150 435
-
health
966
-
3 993
-
pensions
1 235
-
5 108
-
unemployment
111
-
464
-
total
2 312
-
9 565
-
Corporate
135 222
160 000
-
-
income
12 169
14 400
-
-
total
12 169
14 400
-
-
Dividends
123 053
145 600
-
-
withholding
11 075
13 103
-
-
total
11 075
13 103
-
-
Income
160 000
160 000
160 000
160 000
Total tax
32 481
27 503
45 603
25 972
After tax
127 519
132 497
114 397
134 028
Living cost
15 539
15 539
15 539
15 539
Free-cash
111 980
116 958
98 858
118 489

Estimated living cost  is ₽15539 per week

₽9914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79887
₽75564
₽63018
₽58912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
635
accident
-
-
-
817
income
-
-
-
42 853
pensions
-
-
-
25 672
other
-
-
-
91
total
-
-
-
70 068
Employee
36 190
-
131 079
-
pensions
1 701
-
4 264
-
unemployment
561
-
1 406
-
income
6 977
-
39 493
-
other
35
-
91
-
total
9 274
-
45 254
-
Employer
36 190
-
131 079
-
pensions
8 540
-
21 409
-
accident
717
-
1 796
-
other
290
-
726
-
unemployment
1 991
-
4 989
-
total
11 538
-
28 920
-
Corporate
112 273
160 000
-
-
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.

16 840
24 000
-
-
total
16 840
24 000
-
-
Dividends
95 432
136 000
-
-
withholding
19 870
29 199
-
-
total
19 870
29 199
-
-
Income
160 000
160 000
160 000
160 000
Total tax
57 522
53 199
74 174
70 068
After tax
102 478
106 801
85 826
89 932
Living cost
26 914
26 914
26 914
26 914
Free-cash
75 564
79 887
58 912
63 018

Estimated living cost  is ₽26914 per week

₽18167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2587
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.
₽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

Source of data for Valencia model

Close
Istanbul , Turkey
₽98179
₽97907
₽101364
₽101246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
54 886
health
-
-
-
878
pensions
-
-
-
1 211
total
-
-
-
56 975
Employee
2 529
-
158 637
-
pensions
228
-
545
-
unemployment
25
-
61
-
income
489
-
54 822
-
health
126
-
303
-
total
868
-
55 731
-
Employer
2 529
-
158 637
-
health
240
-
575
-
pensions
278
-
666
-
unemployment
51
-
121
-
total
569
-
1 362
-
Corporate
156 902
160 000
-
-
income
34 518
35 200
-
-
total
34 518
35 200
-
-
Dividends
122 383
124 800
-
-
withholding
24 477
24 960
-
-
total
24 477
24 960
-
-
Income
160 000
160 000
160 000
160 000
Total tax
60 432
60 160
57 093
56 975
After tax
99 568
99 840
102 907
103 025
Living cost
1 661
1 661
1 661
1 661
Free-cash
97 907
98 179
101 246
101 364

Estimated living cost  is ₽1661 per week

₽987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽38
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98701
₽93894
₽79886
₽79885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
unemployment
-
-
-
1 083
income
-
-
-
35 918
health
-
-
-
7 438
pensions
-
-
-
18 776
total
-
-
-
63 215
Employee

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

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

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

25 482
-
147 074
-
pensions
3 568
-
10 110
-
unemployment
191
-
542
-
income
3 513
-
35 918
-
health
1 312
-
3 719
-
total
8 584
-
50 289
-
Employer

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

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

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

25 482
-
147 074
-
health
1 312
-
3 719
-
pensions
3 058
-
8 666
-
unemployment
191
-
542
-
total
4 561
-
12 927
-
Corporate
129 956
160 000
-
-
income
19 493
24 000
-
-
total
19 493
24 000
-
-
Dividends
110 463
136 000
-
-
withholding
16 569
20 400
-
-
total
16 569
20 400
-
-
Income
160 000
160 000
160 000
160 000
Total tax
49 207
44 400
63 216
63 215
After tax
110 793
115 600
96 784
96 785
Living cost
16 899
16 899
16 899
16 899
Free-cash
93 894
98 701
79 885
79 886

Estimated living cost  is ₽16899 per week

₽11378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64624
₽64271
₽59775
₽47966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
income
-
-
-
18 240
surtax
-
-
-
-
social contributions

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

-
-
-
55 599
total
-
-
-
73 839
Employee
37 987
-
129 293
-
social contributions
4 179
-
14 222
-
income
7 422
-
40 719
-
surtax
-
-
-
-
total
11 601
-
54 941
-
Employer
37 987
-
129 293
-
social contributions
9 021
-
30 707
-
total
9 021
-
30 707
-
Corporate
112 992
160 000
-
-
income
23 727
33 599
-
-
surtax
-
-
-
-
total
23 727
33 599
-
-
Dividends
89 265
126 401
-
-
withholding
24 994
35 391
-
-
total
24 994
35 391
-
-
Income
160 000
160 000
160 000
160 000
Total tax
69 343
68 990
85 648
73 839
After tax
90 657
91 010
74 352
86 161
Living cost
26 386
26 386
26 386
26 386
Free-cash
64 271
64 624
47 966
59 775

Estimated living cost  is ₽26386 per week

₽18688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72404
₽65802
₽55535
₽51429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
635
accident
-
-
-
817
income
-
-
-
42 853
pensions
-
-
-
25 672
other
-
-
-
91
total
-
-
-
70 068
Employee
47 268
-
131 079
-
pensions
2 221
-
4 264
-
unemployment
732
-
1 406
-
income
9 873
-
39 493
-
other
46
-
91
-
total
12 872
-
45 254
-
Employer
47 268
-
131 079
-
pensions
11 155
-
21 409
-
accident
936
-
1 796
-
other
379
-
726
-
unemployment
2 600
-
4 989
-
total
15 070
-
28 920
-
Corporate
97 661
160 000
-
-
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.

14 649
24 000
-
-
total
14 649
24 000
-
-
Dividends
83 012
136 000
-
-
withholding
17 210
29 199
-
-
total
17 210
29 199
-
-
Income
160 000
160 000
160 000
160 000
Total tax
59 801
53 199
74 174
70 068
After tax
100 199
106 801
85 826
89 932
Living cost
34 397
34 397
34 397
34 397
Free-cash
65 802
72 404
51 429
55 535

Estimated living cost  is ₽34397 per week

₽24703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119770
₽113738
₽109737
₽115859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
unemployment
-
-
-
138
income
-
-
-
24 000
health
-
-
-
3 977
pensions

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

-
-
-
5 118
total
-
-
-
33 233
Employee
22 550
-
153 216
-
pensions

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

1 980
-
3 036
-
income
2 255
-
15 321
-
health
1 037
-
1 591
-
accident

We are using the highest rate at 1.1%.

248
-
380
-
total
5 520
-
20 328
-
Employer
22 550
-
153 216
-
health
1 556
-
2 386
-
pensions

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

2 485
-
3 810
-
accident

We are using the highest rate at 1.1%.

248
-
380
-
unemployment
135
-
207
-
total
4 424
-
6 783
-
Corporate
133 026
160 000
-
-
income
13 302
16 000
-
-
total
13 302
16 000
-
-
Dividends
119 724
144 000
-
-
withholding
5 986
7 200
-
-
total
5 986
7 200
-
-
Income
160 000
160 000
160 000
160 000
Total tax
29 232
23 200
27 111
33 233
After tax
130 768
136 800
132 889
126 767
Living cost
17 030
17 030
17 030
17 030
Free-cash
113 738
119 770
115 859
109 737

Estimated living cost  is ₽17030 per week

₽11263
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4386
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44577
₽57382
₽48370
₽64800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
trade
-
-
-
16 430
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.

-
-
-
48 083
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.

-
-
-
6 686
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.

-
-
-
2 645
total
-
-
-
73 844
Employee

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

48 698
-
160 000
-
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.

4 004
-
48 083
-
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.

221
-
2 645
-
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.

6 686
-
6 686
-
total
10 911
-
57 414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
111 302
160 000
-
-
income
16 696
24 000
-
-
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.

918
1 321
-
-
trade
15 971
22 960
-
-
chamber of commerce
312
383
-
-
total
33 897
48 664
-
-
Dividends
77 406
111 336
-
-
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.

1 044
1 510
-
-
withholding
18 980
27 463
-
-
total
20 024
28 973
-
-
Income
160 000
160 000
160 000
160 000
Total tax
64 832
77 637
57 414
73 844
After tax
95 168
82 363
102 586
86 156
Living cost
37 786
37 786
37 786
37 786
Free-cash
57 382
44 577
64 800
48 370

Estimated living cost  is ₽37786 per week

₽26066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4066
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56248
₽58408
₽30016
₽30016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
47 823
social contributions
-
-
-
26 408
total
-
-
-
74 231
Employee
76 559
-
160 000
-
social contributions
6 360
-
26 408
-
income
14 446
-
47 823
-
total
20 806
-
74 231
-
Employer
76 559
-
160 000
-
total
-
-
-
-
Corporate
83 441
160 000
-
-
income
10 431
20 000
-
-
total
10 431
20 000
-
-
Dividends
73 010
140 000
-
-
withholding
14 602
27 999
-
-
total
14 602
27 999
-
-
Income
160 000
160 000
160 000
160 000
Total tax
45 839
47 999
74 231
74 231
After tax
114 161
112 001
85 769
85 769
Living cost
55 753
55 753
55 753
55 753
Free-cash
58 408
56 248
30 016
30 016

Estimated living cost  is ₽55753 per week

₽42416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63301
₽66722
₽90529
₽78992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
income
-
-
-
27 860
health

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

-
-
-
6 083
total
-
-
-
33 943
Employee
44 899
-
155 498
-
social contributions
4 498
-
4 502
-
income
4 872
-
36 476
-
total
9 370
-
40 978
-
Employer
44 899
-
155 498
-
social contributions
4 498
-
4 502
-
total
4 498
-
4 502
-
Corporate
110 603
160 000
-
-
income
38 711
56 000
-
-
total
38 711
56 000
-
-
Dividends
71 892
104 000
-
-
social contributions
5 171
5 171
-
-
total
5 171
5 171
-
-
Income
160 000
160 000
160 000
160 000
Total tax
57 750
61 171
45 480
33 943
After tax
102 250
98 829
114 520
126 057
Living cost
35 528
35 528
35 528
35 528
Free-cash
66 722
63 301
78 992
90 529

Estimated living cost  is ₽35528 per week

₽23402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69639
₽75461
₽70575
₽56017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
income
-
-
-
44 331
pensions
-
-
-
8 580
total
-
-
-
52 911
Employee
50 120
-
139 890
-
pensions
3 825
-
10 652
-
income
9 127
-
34 628
-
health
654
-
2 079
-
total
13 606
-
47 359
-
Employer
50 120
-
139 890
-
health
953
-
2 659
-
pensions
5 064
-
17 451
-
total
6 017
-
20 110
-
Corporate
103 863
160 000
-
-
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.

19 733
30 400
-
-
total
19 733
30 400
-
-
Dividends
84 130
129 600
-
-
withholding
8 669
23 447
-
-
total
8 669
23 447
-
-
Income
160 000
160 000
160 000
160 000
Total tax
48 025
53 847
67 469
52 911
After tax
111 975
106 153
92 531
107 089
Living cost
36 514
36 514
36 514
36 514
Free-cash
75 461
69 639
56 017
70 575

Estimated living cost  is ₽36514 per week

₽25048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3358
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.
₽7649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽10050
₽9430
₽86402
₽63541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
accident
-
-
-
244
income
-
-
-
43 860
health
-
-
-
2 107
pensions
-
-
-
4 019
other
-
-
-
358
total
-
-
-
50 588
Employee
36 195
-
143 448
-
pensions
4 076
-
7 369
-
income
4 966
-
33 102
-
health
4 144
-
16 425
-
total
13 186
-
56 896
-
Employer
36 195
-
143 448
-
pensions
5 885
-
10 642
-
accident
604
-
2 396
-
unemployment
887
-
3 515
-
total
7 376
-
16 553
-
Corporate
116 428
160 000
-
-
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.

104 786
144 000
-
-
total
104 786
144 000
-
-
Dividends
11 643
16 000
-
-
withholding
2 212
3 040
-
-
total
2 212
3 040
-
-
Income
160 000
160 000
160 000
160 000
Total tax
127 560
147 040
73 449
50 588
After tax
32 440
12 960
86 551
109 412
Living cost
23 010
23 010
23 010
23 010
Free-cash
9 430
-10 050
63 541
86 402

Estimated living cost  is ₽23010 per week

₽16887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
Skopje , Macedonia
₽121413
₽116832
₽77518
₽99050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
160 000
unemployment
-
-
-
1 879
health insurance
-
-
-
11 588
income
-
-
-
26 191
work injury
-
-
-
783
pensions
-
-
-
28 814
total
-
-
-
69 255
Employee

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

21 163
-
160 000
-
work injury
106
-
391
-
pensions
3 894
-
14 407
-
unemployment
254
-
940
-
income
2 116
-
26 191
-
health insurance
1 566
-
5 794
-
total
7 936
-
47 723
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
138 837
160 000
-
-
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%.

1 388
1 600
-
-
total
1 388
1 600
-
-
Dividends
137 449
158 400
-
-
withholding
20 617
23 760
-
-
total
20 617
23 760
-
-
Income
160 000
160 000
160 000
160 000
Total tax
29 941
25 360
47 723
69 255
After tax
130 059
134 640
112 277
90 745
Living cost
13 227
13 227
13 227
13 227
Free-cash
116 832
121 413
99 050
77 518

Estimated living cost  is ₽13227 per week

₽8194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽45287
₽40834
₽36308
₽29284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
160 000
municipal
-
-
-
1 070
national
-
-
-
38 828
regional
-
-
-
3 651
social contributions
-
-
-
41 153
total
-
-
-
84 702
Employee
82 474
-
160 000
-
national
13 937
-
33 581
-
social contributions
27 810
-
53 952
-
municipal
492
-
955
-
regional
1 245
-
3 238
-
total
43 484
-
91 726
-
Employer
82 474
-
160 000
-
total
-
-
-
-
Corporate
77 526
160 000
-
-
municipal
3 737
7 712
-
-
nationa
18 607
38 400
-
-
total
22 344
46 112
-
-
Dividends
55 182
113 888
-
-
withholding
14 348
29 611
-
-
total
14 348
29 611
-
-
Income
160 000
160 000
160 000
160 000
Total tax
80 176
75 723
91 726
84 702
After tax
79 824
84 277
68 274
75 298
Living cost
38 990
38 990
38 990
38 990
Free-cash
40 834
45 287
29 284
36 308

Estimated living cost  is ₽38990 per week

₽27388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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