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
₽ 168000
per

Your estimated
City
free-cash

Dresden , Germany
₽54323
₽65435
₽57867
₽76972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
trade
-
-
-
19 105
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.

-
-
-
50 941
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.

-
-
-
6 862
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.

-
-
-
2 802
total
-
-
-
79 710
Employee

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

38 418
-
168 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 862
-
6 862
-
surtax

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

59
-
2 802
-
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.

1 073
-
50 941
-
total
7 994
-
60 605
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
129 582
168 000
-
-
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.

1 069
1 386
-
-
income
19 437
25 201
-
-
trade
20 409
26 461
-
-
chamber of commerce
339
395
-
-
total
41 254
53 443
-
-
Dividends
88 328
114 559
-
-
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.

1 193
1 553
-
-
withholding
21 701
28 258
-
-
total
22 894
29 811
-
-
Income
168 000
168 000
168 000
168 000
Total tax
72 142
83 254
60 605
79 710
After tax
95 858
84 746
107 395
88 290
Living cost
30 423
30 423
30 423
30 423
Free-cash
65 435
54 323
76 972
57 867

Estimated living cost  is ₽30423 per week

₽19137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54149
₽53306
₽48574
₽49893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
18 347
pensions
-
-
-
20 160
national
-
-
-
28 430
social contributions
-
-
-
1 806
total
-
-
-
68 743
Employee
78 568
-
145 235
-
municipal
9 704
-
18 997
-
pensions
3 143
-
5 809
-
national
15 038
-
29 438
-
total
27 885
-
54 244
-
Employer
78 568
-
145 235
-
social contributions
845
-
1 561
-
pensions
6 285
-
11 619
-
total
7 130
-
13 180
-
Corporate
77 117
168 000
-
-
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%.

15 423
33 600
-
-
total
15 423
33 600
-
-
Dividends
61 693
134 400
-
-
withholding
13 573
29 568
-
-
total
13 573
29 568
-
-
Income
168 000
168 000
168 000
168 000
Total tax
64 011
63 168
67 424
68 743
After tax
103 989
104 832
100 576
99 257
Living cost
50 683
50 683
50 683
50 683
Free-cash
53 306
54 149
49 893
48 574

Estimated living cost  is ₽50683 per week

₽34449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113502
₽105263
₽36311
₽48466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
microenterprise
-
-
-
-
income
-
-
-
29 468
surtax
-
-
-
42 840
social contributions

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

-
-
-
38 484
total
-
-
-
110 792
Employee
29 350
-
125 372
-
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.

3 229
-
13 167
-
surtax
-
-
18 179
-
income
5 225
-
24 663
-
total
8 454
-
56 009
-
Employer
29 350
-
125 372
-
social contributions

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

7 070
-
28 837
-
surtax
-
-
13 791
-
total
7 070
-
42 628
-
Corporate
131 580
168 000
-
-
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%.

26 316
33 601
-
-
total
26 316
33 601
-
-
Dividends

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

105 264
134 399
-
-
total
-
-
-
-
Income
168 000
168 000
168 000
168 000
Total tax
41 840
33 601
98 637
110 792
After tax
126 160
134 399
69 363
57 208
Living cost
20 897
20 897
20 897
20 897
Free-cash
105 263
113 502
48 466
36 311

Estimated living cost  is ₽20897 per week

₽13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
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.
₽5101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40965
₽34812
₽51294
₽61917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
50 475
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
74 629
Employee
85 775
85 775
149 334
-
health
13 165
11 198
12 386
-
income

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

14 040
14 040
21 186
-
pensions
15 439
11 768
11 768
-
total
42 644
37 006
45 340
-
Employer
85 775
85 775
149 334
-
unemployment
3 088
3 088
3 837
-
pensions
5 970
5 970
7 420
-
health
5 962
5 962
7 409
-
total
15 020
15 020
18 666
-
Corporate
68 257
67 205
-
-
income
13 652
13 442
-
-
total
13 652
13 442
-
-
Dividends
54 606
53 763
-
-
income
11 604
11 425
-
-
withholding
8 191
8 065
-
-
total
19 795
19 490
-
-
Income
168 000
168 000
168 000
168 000
Total tax
91 111
84 958
64 006
74 629
After tax
76 889
83 042
103 994
93 371
Living cost
42 077
42 077
42 077
42 077
Free-cash
34 812
40 965
61 917
51 294

Estimated living cost  is ₽42077 per week

₽29819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽669
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52767
₽51892
₽47553
₽46608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
42 721
accident
-
-
-
171
pensions
-
-
-
9 231
other
-
-
-
9 922
unemployment
-
-
-
85
health
-
-
-
5 328
national
-
-
-
14 028
total
-
-
-
81 486
Employee
55 516
-
141 171
-
municipal
16 555
-
42 097
-
national
-
-
13 505
-
total
16 555
-
55 602
-
Employer
55 516
-
141 171
-
accident
111
-
171
-
other
6 451
-
9 922
-
unemployment
1 466
-
2 254
-
pensions
6 001
-
9 231
-
health
3 414
-
5 251
-
total
17 443
-
26 829
-
Corporate
95 041
168 000
-
-
income
20 909
36 960
-
-
total
20 909
36 960
-
-
Dividends
74 132
131 040
-
-
withholding
22 240
39 312
-
-
total
22 240
39 312
-
-
Income
168 000
168 000
168 000
168 000
Total tax
77 147
76 272
82 431
81 486
After tax
90 853
91 728
85 569
86 514
Living cost
38 961
38 961
38 961
38 961
Free-cash
51 892
52 767
46 608
47 553

Estimated living cost  is ₽38961 per week

₽25822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3823
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.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44425
₽58540
₽47984
₽67937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
trade
-
-
-
19 953
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.

-
-
-
50 941
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.

-
-
-
6 862
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.

-
-
-
2 802
total
-
-
-
80 558
Employee

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

50 937
-
168 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 862
-
6 862
-
surtax

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

240
-
2 802
-
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.

4 376
-
50 941
-
total
11 478
-
60 605
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
117 063
168 000
-
-
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.

966
1 386
-
-
income
17 559
25 201
-
-
trade
19 257
27 637
-
-
chamber of commerce
318
391
-
-
total
38 100
54 615
-
-
Dividends
78 962
113 386
-
-
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.

1 066
1 538
-
-
withholding
19 358
27 964
-
-
total
20 424
29 502
-
-
Income
168 000
168 000
168 000
168 000
Total tax
70 002
84 117
60 605
80 558
After tax
97 998
83 883
107 395
87 442
Living cost
39 458
39 458
39 458
39 458
Free-cash
58 540
44 425
67 937
47 984

Estimated living cost  is ₽39458 per week

₽26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4161
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.
₽8318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90009
₽85844
₽82697
₽81195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
32 188
health
-
-
-
4 285
social contributions
-
-
-
16 251
total
-
-
-
52 724
Employee
77 236
77 236
156 459
-
social contributions
3 753
6 410
8 646
-
health
768
1 313
2 659
-
income
8 110
7 150
31 380
-
total
12 631
14 873
42 685
-
Employer
77 236
77 236
156 459
-
social contributions
3 753
6 410
8 646
-
health
837
1 430
2 895
-
total
4 590
7 840
11 541
-
Corporate
118 200
82 924
-
-
income
14 774
10 365
-
-
total
14 774
10 365
-
-
Dividends
103 425
72 559
-
-
withholding
17 582
12 334
-
-
total
17 582
12 334
-
-
Income
168 000
168 000
168 000
168 000
Total tax
49 577
45 412
54 226
52 724
After tax
118 423
122 588
113 774
115 276
Living cost
32 579
32 579
32 579
32 579
Free-cash
85 844
90 009
81 195
82 697

Estimated living cost  is ₽32579 per week

₽22271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2545
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76160
₽76541
₽98150
₽79158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
20 538
pensions
-
-
-
16 800
unemployment
-
-
-
2 520
health
-
-
-
11 760
total
-
-
-
51 618
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 319
10 475
140 586
-
health
1 842
733
9 841
-
income
3 217
1 281
17 187
-
pensions
2 632
1 047
14 059
-
unemployment
395
157
2 109
-
total
8 086
3 218
43 196
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 319
10 475
140 586
-
pensions
5 132
2 043
27 414
-
total
5 132
2 043
27 414
-
Corporate
136 549
155 483
-
-
income
12 289
13 993
-
-
total
12 289
13 993
-
-
Dividends
124 259
141 489
-
-
social contributions
24 111
27 471
-
-
withholding
23 609
26 883
-
-
total
47 720
54 354
-
-
Income
168 000
168 000
168 000
168 000
Total tax
73 227
73 608
70 610
51 618
After tax
94 773
94 392
97 390
116 382
Living cost
18 232
18 232
18 232
18 232
Free-cash
76 541
76 160
79 158
98 150

Estimated living cost  is ₽18232 per week

₽12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110138
₽103899
₽65787
₽72574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
22 511
pensions
-
-
-
33 601
health
-
-
-
21 840
total
-
-
-
77 952
Employee
28 494
-
125 559
-
income
3 208
-
24 208
-
pensions
570
-
2 510
-
unemployment
456
-
2 009
-
total
4 234
-
28 727
-
Employer
28 494
-
125 559
-
unemployment
229
-
1 005
-
pensions
5 699
-
25 111
-
health
3 704
-
16 322
-
total
9 632
-
42 438
-
Corporate
129 874
168 000
-
-
income
25 974
33 601
-
-
total
25 974
33 601
-
-
Dividends
103 900
134 399
-
-
total
-
-
-
-
Income
168 000
168 000
168 000
168 000
Total tax
39 840
33 601
71 165
77 952
After tax
128 160
134 399
96 835
90 048
Living cost
24 261
24 261
24 261
24 261
Free-cash
103 899
110 138
72 574
65 787

Estimated living cost  is ₽24261 per week

₽16640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8436
₽10226
₽92833
₽68910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
253
income
-
-
-
46 145
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
53 123
Employee
34 676
-
150 750
-
health
3 970
-
17 261
-
income
4 757
-
34 889
-
pensions
3 905
-
7 645
-
total
12 632
-
59 795
-
Employer
34 676
-
150 750
-
accident
579
-
2 518
-
unemployment
850
-
3 694
-
pensions
5 639
-
11 039
-
total
7 068
-
17 251
-
Corporate
126 257
168 000
-
-
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.

113 631
151 200
-
-
total
113 631
151 200
-
-
Dividends
12 626
16 800
-
-
withholding
2 399
3 192
-
-
total
2 399
3 192
-
-
Income
168 000
168 000
168 000
168 000
Total tax
135 730
154 392
77 046
53 123
After tax
32 270
13 608
90 954
114 877
Living cost
22 044
22 044
22 044
22 044
Free-cash
10 226
-8 436
68 910
92 833

Estimated living cost  is ₽22044 per week

₽16156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽150500
₽148794
₽157220
₽125300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
168 000
microenterprise

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

-
-
-
1 680
total
-
-
-
1 680
Employee
11 374
-
168 000
-
income
2 275
-
33 600
-
total
2 275
-
33 600
-
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%.

156 626
168 000
-
-
total
-
-
-
-
Dividends
156 626
168 000
-
-
withholding
7 831
8 400
-
-
total
7 831
8 400
-
-
Income
168 000
168 000
168 000
168 000
Total tax
10 106
8 400
33 600
1 680
After tax
157 894
159 600
134 400
166 320
Living cost
9 100
9 100
9 100
9 100
Free-cash
148 794
150 500
125 300
157 220

Estimated living cost  is ₽9100 per week

₽5639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96666
₽89883
₽65510
₽68665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 092
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.

-
-
-
36 658
other
-
-
-
7 255
health
-
-
-
6 721
total
-
-
-
75 726
Employee
36 470
-
134 184
-
health
511
-
1 879
-
income
6 279
-
26 142
-
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.

2 552
-
9 393
-
unemployment
364
-
1 342
-
total
9 706
-
38 756
-
Employer
36 470
-
134 184
-
accident
292
-
1 073
-
other
1 824
-
6 709
-
unemployment
364
-
1 342
-
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.

6 201
-
22 812
-
health
511
-
1 879
-
total
9 192
-
33 815
-
Corporate
122 339
168 000
-
-
income
25 690
35 280
-
-
total
25 690
35 280
-
-
Dividends
96 648
132 720
-
-
withholding
6 765
9 290
-
-
total
6 765
9 290
-
-
Income
168 000
168 000
168 000
168 000
Total tax
51 353
44 570
72 571
75 726
After tax
116 647
123 430
95 429
92 274
Living cost
26 764
26 764
26 764
26 764
Free-cash
89 883
96 666
68 665
65 510

Estimated living cost  is ₽26764 per week

₽18910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43810
₽44992
₽44960
₽29704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
47 087
pensions
-
-
-
8 852
total
-
-
-
55 939
Employee
94 938
-
146 838
-
health
1 564
-
2 164
-
income
17 114
-
36 918
-
pensions
9 159
-
10 951
-
total
27 837
-
50 033
-
Employer
94 938
-
146 838
-
pensions
11 209
-
18 371
-
health
1 803
-
2 791
-
total
13 012
-
21 162
-
Corporate
60 050
168 000
-
-
income

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

11 410
31 920
-
-
total
11 410
31 920
-
-
Dividends
48 640
136 080
-
-
withholding
3 648
25 169
-
-
total
3 648
25 169
-
-
Income
168 000
168 000
168 000
168 000
Total tax
55 907
57 089
71 195
55 939
After tax
112 093
110 911
96 805
112 061
Living cost
67 101
67 101
67 101
67 101
Free-cash
44 992
43 810
29 704
44 960

Estimated living cost  is ₽67101 per week

₽50280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽130472
₽125808
₽120266
₽126757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 200
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
34 566
Employee
17 436
-
161 117
-
health
802
-
1 614
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
income
1 743
-
16 112
-
pensions

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

1 531
-
3 080
-
total
4 268
-
21 192
-
Employer
17 436
-
161 117
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
unemployment
104
-
210
-
pensions

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

1 922
-
3 866
-
health
1 203
-
2 421
-
total
3 421
-
6 883
-
Corporate
147 143
168 000
-
-
income
14 714
16 800
-
-
total
14 714
16 800
-
-
Dividends
132 429
151 200
-
-
withholding
6 621
7 560
-
-
total
6 621
7 560
-
-
Income
168 000
168 000
168 000
168 000
Total tax
29 024
24 360
28 075
34 566
After tax
138 976
143 640
139 925
133 434
Living cost
13 168
13 168
13 168
13 168
Free-cash
125 808
130 472
126 757
120 266

Estimated living cost  is ₽13168 per week

₽7687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽27345
₽29872
₽37674
₽48297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
50 475
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
74 629
Employee
93 124
85 775
149 334
-
health
11 618
11 198
12 386
-
income

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

14 040
14 040
21 186
-
pensions
11 768
11 768
11 768
-
total
37 426
37 006
45 340
-
Employer
93 124
85 775
149 334
-
unemployment
3 353
3 088
3 837
-
pensions
6 481
5 970
7 420
-
health
6 471
5 962
7 409
-
total
16 305
15 020
18 666
-
Corporate
58 571
67 205
-
-
income
11 715
13 442
-
-
total
11 715
13 442
-
-
Dividends
46 856
53 763
-
-
income
9 957
11 425
-
-
withholding
7 028
8 065
-
-
total
16 985
19 490
-
-
Income
168 000
168 000
168 000
168 000
Total tax
82 431
84 958
64 006
74 629
After tax
85 569
83 042
103 994
93 371
Living cost
55 697
55 697
55 697
55 697
Free-cash
29 872
27 345
48 297
37 674

Estimated living cost  is ₽55697 per week

₽41086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91648
₽83078
₽70123
₽62802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
16 613
health
-
-
-
22 680
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 564
total
-
-
-
73 857
Employee
35 324
-
126 979
-
social contributions
2 296
-
7 694
-
health
4 769
-
17 142
-
solidarity contribution
-
-
-
-
income
4 239
-
15 321
-
total
11 304
-
40 157
-
Employer
35 324
-
126 979
-
social contributions
8 831
-
29 593
-
health
3 179
-
11 428
-
total
12 010
-
41 021
-
Corporate
120 666
168 000
-
-
income
22 927
31 920
-
-
total
22 927
31 920
-
-
Dividends
97 739
136 080
-
-
withholding
14 661
20 412
-
-
total
14 661
20 412
-
-
Income
168 000
168 000
168 000
168 000
Total tax
60 902
52 332
81 178
73 857
After tax
107 098
115 668
86 822
94 143
Living cost
24 020
24 020
24 020
24 020
Free-cash
83 078
91 648
62 802
70 123

Estimated living cost  is ₽24020 per week

₽16685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
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.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47252
₽42007
₽38431
₽30842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
999
regional
-
-
-
1 973
national
-
-
-
41 004
social contributions
-
-
-
43 209
total
-
-
-
87 185
Employee
89 268
-
168 000
-
social contributions
30 101
-
56 649
-
regional
842
-
1 741
-
municipal
473
-
890
-
national
15 468
-
35 494
-
total
46 884
-
94 774
-
Employer
89 268
-
168 000
-
total
-
-
-
-
Corporate
78 732
168 000
-
-
nationa
18 895
40 320
-
-
municipal
3 071
6 551
-
-
total
21 966
46 871
-
-
Dividends
56 766
121 129
-
-
withholding
14 759
31 493
-
-
total
14 759
31 493
-
-
Income
168 000
168 000
168 000
168 000
Total tax
83 609
78 364
94 774
87 185
After tax
84 391
89 636
73 226
80 815
Living cost
42 384
42 384
42 384
42 384
Free-cash
42 007
47 252
30 842
38 431

Estimated living cost  is ₽42384 per week

₽29545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83509
₽80382
₽57456
₽51223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
45 043
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
6 780
total
-
-
-
88 380
Employee
33 216
-
139 782
-
other
-
-
-
-
health
848
-
3 418
-
surtax
109
-
5 667
-
income
5 568
-
39 037
-
pensions
2 215
-
8 942
-
unemployment
2 312
-
9 330
-
total
11 052
-
66 394
-
Employer
33 216
-
139 782
-
other
-
-
-
-
unemployment
1 052
-
4 249
-
pensions
4 428
-
17 870
-
health
1 512
-
6 100
-
total
6 992
-
28 219
-
Corporate
127 792
168 000
-
-
income
33 225
43 680
-
-
total
33 225
43 680
-
-
Dividends
94 567
124 320
-
-
withholding
14 185
18 647
-
-
total
14 185
18 647
-
-
Income
168 000
168 000
168 000
168 000
Total tax
65 454
62 327
94 613
88 380
After tax
102 546
105 673
73 387
79 620
Living cost
22 164
22 164
22 164
22 164
Free-cash
80 382
83 509
51 223
57 456

Estimated living cost  is ₽22164 per week

₽13552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2045
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.
₽6056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65069
₽71699
₽66219
₽50963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
47 087
pensions
-
-
-
8 852
total
-
-
-
55 939
Employee
63 625
-
146 838
-
health
924
-
2 164
-
income
11 459
-
36 918
-
pensions
5 400
-
10 951
-
total
17 783
-
50 033
-
Employer
63 625
-
146 838
-
pensions
6 887
-
18 371
-
health
1 209
-
2 791
-
total
8 096
-
21 162
-
Corporate
96 279
168 000
-
-
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.

18 293
31 920
-
-
total
18 293
31 920
-
-
Dividends
77 986
136 080
-
-
withholding
6 287
25 169
-
-
total
6 287
25 169
-
-
Income
168 000
168 000
168 000
168 000
Total tax
50 459
57 089
71 195
55 939
After tax
117 541
110 911
96 805
112 061
Living cost
45 842
45 842
45 842
45 842
Free-cash
71 699
65 069
50 963
66 219

Estimated living cost  is ₽45842 per week

₽34344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽427
₽33116
₽60014
₽52105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
city
-
-
-
1 770
pensions
-
-
-
15 457
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.

-
-
-
3 359
regional
-
-
-
8 088
health
-
-
-
379
national
-
-
-
2 539
total
-
-
-
31 592
Employee
89 401
-
150 371
-
city
959
-
1 615
-
regional
2 927
-
6 987
-
health
202
-
337
-
pensions
7 511
-
12 630
-
unemployment
-
-
-
-
national
423
-
1 957
-
total
12 022
-
23 526
-
Employer
89 401
-
150 371
-
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.

1 787
-
3 008
-
unemployment
-
-
-
-
pensions
7 511
-
12 630
-
health
202
-
337
-
total
9 500
-
15 975
-
Corporate
68 116
168 000
-
-
regional
14 406
35 532
-
-
national
5 790
14 280
-
-
total
20 196
49 812
-
-
Dividends
47 920
118 188
-
-
withholding
16 772
41 367
-
-
total
16 772
41 367
-
-
Income
168 000
168 000
168 000
168 000
Total tax
58 490
91 179
39 501
31 592
After tax
109 510
76 821
128 499
136 408
Living cost
76 394
76 394
76 394
76 394
Free-cash
33 116
427
52 105
60 014

Estimated living cost  is ₽76394 per week

₽49678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽938
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽37005
₽53296
₽40578
₽61381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
trade
-
-
-
20 803
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.

-
-
-
50 941
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.

-
-
-
6 862
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.

-
-
-
2 802
total
-
-
-
81 408
Employee

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

60 365
-
168 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 862
-
6 862
-
surtax

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

391
-
2 802
-
income

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

7 098
-
50 941
-
total
14 351
-
60 605
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
107 635
168 000
-
-
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.

888
1 386
-
-
income
16 145
25 201
-
-
trade
18 459
28 813
-
-
chamber of commerce
303
389
-
-
total
35 795
55 789
-
-
Dividends
71 841
112 212
-
-
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.

966
1 521
-
-
withholding
17 578
27 671
-
-
total
18 544
29 192
-
-
Income
168 000
168 000
168 000
168 000
Total tax
68 690
84 981
60 605
81 408
After tax
99 310
83 019
107 395
86 592
Living cost
46 014
46 014
46 014
46 014
Free-cash
53 296
37 005
61 381
40 578

Estimated living cost  is ₽46014 per week

₽33607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50308
₽56239
₽60455
₽58943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 556
pensions
-
-
-
30 807
other
-
-
-
5 207
health
-
-
-
6 824
surtax
-
-
-
-
social contributions
-
-
-
4 786
total
-
-
-
73 180
Employee
42 988
-
130 677
-
social contributions
1 226
-
3 725
-
surtax
-
-
-
-
income
2 537
-
24 830
-
pensions
4 861
-
8 814
-
total
8 624
-
37 369
-
Employer
42 988
-
130 677
-
other
1 483
-
4 981
-
social contributions
130
-
393
-
unemployment
1 740
-
5 293
-
pensions
7 062
-
14 887
-
health
3 010
-
11 769
-
total
13 425
-
37 323
-
Corporate
111 587
168 000
-
-
surtax
-
-
-
-
income
31 245
47 041
-
-
total
31 245
47 041
-
-
Dividends
80 342
120 959
-
-
surtax
-
-
-
-
social contributions
13 819
20 803
-
-
withholding
10 283
15 483
-
-
total
24 102
36 286
-
-
Income
168 000
168 000
168 000
168 000
Total tax
77 396
83 327
74 692
73 180
After tax
90 604
84 673
93 308
94 820
Living cost
34 365
34 365
34 365
34 365
Free-cash
56 239
50 308
58 943
60 455

Estimated living cost  is ₽34365 per week

₽21669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53713
₽59295
₽63860
₽62348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 556
pensions
-
-
-
30 807
other
-
-
-
5 207
health
-
-
-
6 824
surtax
-
-
-
-
social contributions
-
-
-
4 786
total
-
-
-
73 180
Employee
38 373
-
130 677
-
social contributions
1 094
-
3 725
-
surtax
-
-
-
-
income
1 979
-
24 830
-
pensions
4 340
-
8 814
-
total
7 413
-
37 369
-
Employer
38 373
-
130 677
-
other
1 325
-
4 981
-
social contributions
114
-
393
-
unemployment
1 553
-
5 293
-
pensions
6 305
-
14 887
-
health
2 686
-
11 769
-
total
11 983
-
37 323
-
Corporate
117 643
168 000
-
-
surtax
-
-
-
-
income
32 939
47 041
-
-
total
32 939
47 041
-
-
Dividends
84 704
120 959
-
-
surtax
-
-
-
-
social contributions
14 568
20 803
-
-
withholding
10 842
15 483
-
-
total
25 410
36 286
-
-
Income
168 000
168 000
168 000
168 000
Total tax
77 745
83 327
74 692
73 180
After tax
90 255
84 673
93 308
94 820
Living cost
30 960
30 960
30 960
30 960
Free-cash
59 295
53 713
62 348
63 860

Estimated living cost  is ₽30960 per week

₽17956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81196
₽81717
₽86590
₽83388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 201
health
-
-
-
11 726
social contributions
-
-
-
23 184
total
-
-
-
60 111
Employee
34 056
-
168 000
-
social contributions
4 700
-
23 184
-
health
2 377
-
11 726
-
income
5 680
-
28 403
-
total
12 757
-
63 313
-
Employer
34 056
-
168 000
-
total
-
-
-
-
Corporate
133 944
168 000
-
-
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%.

6 698
8 400
-
-
total
6 698
8 400
-
-
Dividends
127 246
159 600
-
-
health
8 882
11 139
-
-
social contributions
17 559
22 025
-
-
withholding
19 088
23 941
-
-
total
45 529
57 105
-
-
Income
168 000
168 000
168 000
168 000
Total tax
64 984
65 505
63 313
60 111
After tax
103 016
102 495
104 687
107 889
Living cost
21 299
21 299
21 299
21 299
Free-cash
81 717
81 196
83 388
86 590

Estimated living cost  is ₽21299 per week

₽14254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57650
₽56091
₽50807
₽9098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
chamber of commerce
-
-
-
673
income
-
-
-
44 084
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
198
total
-
-
-
81 801
Employee
50 197
40 028
132 895
-
other
501
400
1 174
-
health
1 942
1 550
4 540
-
income
5 715
2 953
34 882
-
pensions
5 141
4 098
12 016
-
unemployment
1 506
1 201
3 521
-
total
14 805
10 202
56 133
-
Employer
50 197
40 028
132 895
-
accident
652
520
1 525
-
other
2 385
1 900
6 180
-
chamber of commerce
200
160
532
-
unemployment
1 506
1 201
3 521
-
surtax
198
198
198
-
pensions
6 300
5 024
14 727
-
payroll
1 506
1 201
3 988
-
health
1 897
1 513
4 436
-
total
14 644
11 717
35 107
-
Corporate
103 160
116 253
129 083
-
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.

25 790
29 062
32 270
-
total
25 790
29 062
32 270
-
Dividends
77 371
87 191
-
-
withholding
21 278
23 977
-
-
total
21 278
23 977
-
-
Income
168 000
168 000
168 000
168 000
Total tax
76 517
74 958
123 510
81 801
After tax
91 483
93 042
44 490
86 199
Living cost
35 392
35 392
35 392
35 392
Free-cash
56 091
57 650
9 098
50 807

Estimated living cost  is ₽35392 per week

₽23605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57351
₽42289
₽36155
₽23022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
national
-
-
-
61 603
communal

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

-
-
-
8 577
social contributions
-
-
-
25 042
total
-
-
-
95 222
Employee

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

71 848
-
130 120
-
communal

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

3 747
-
6 788
-
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.

3 376
-
6 115
-
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.

5 389
-
9 759
-
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.

625
-
1 132
-
national
22 089
-
46 681
-
total
35 226
-
70 475
-
Employer

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

71 848
-
130 120
-
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.

934
-
1 693
-
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.

1 048
-
1 900
-
surtax
8 147
-
14 757
-
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.

6 366
-
11 528
-
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.

4 418
-
8 002
-
total
20 913
-
37 880
-
Corporate
75 238
168 000
-
-
surtax
301
673
-
-
income
15 047
33 601
-
-
total
15 348
34 274
-
-
Dividends
59 890
133 726
-
-
withholding

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

17 601
39 752
-
-
total
17 601
39 752
-
-
Income
168 000
168 000
168 000
168 000
Total tax
89 088
74 026
108 355
95 222
After tax
78 912
93 974
59 645
72 778
Living cost
36 623
36 623
36 623
36 623
Free-cash
42 289
57 351
23 022
36 155

Estimated living cost  is ₽36623 per week

₽23590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
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.
₽9258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75816
₽68764
₽58108
₽53894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
839
income
-
-
-
45 688
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
73 618
Employee
49 998
-
138 320
-
other
50
-
93
-
income
10 549
-
42 240
-
pensions
2 350
-
4 376
-
unemployment
776
-
1 443
-
total
13 725
-
48 152
-
Employer
49 998
-
138 320
-
accident
989
-
1 843
-
other
398
-
745
-
unemployment
2 751
-
5 120
-
pensions
11 799
-
21 972
-
total
15 937
-
29 680
-
Corporate
102 065
168 000
-
-
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.

15 310
25 201
-
-
total
15 310
25 201
-
-
Dividends
86 755
142 799
-
-
withholding
17 990
30 709
-
-
total
17 990
30 709
-
-
Income
168 000
168 000
168 000
168 000
Total tax
62 962
55 910
77 832
73 618
After tax
105 038
112 090
90 168
94 382
Living cost
36 274
36 274
36 274
36 274
Free-cash
68 764
75 816
53 894
58 108

Estimated living cost  is ₽36274 per week

₽26712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44252
₽31822
₽29476
₽36174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
1 416
income
-
-
-
26 591
pensions
-
-
-
25 182
health
-
-
-
11 805
surtax
-
-
-
8 328
communal
-
-
-
10 617
total
-
-
-
83 939
Employee
76 065
-
150 067
-
health
3 385
-
6 677
-
surtax
4 662
-
9 197
-
income
7 347
-
31 429
-
pensions
6 084
-
12 005
-
total
21 478
-
59 308
-
Employer
76 065
-
150 067
-
accident
684
-
1 351
-
pensions
6 084
-
12 005
-
health
2 320
-
4 577
-
total
9 088
-
17 933
-
Corporate
82 847
168 000
-
-
surtax
869
1 763
-
-
communal
5 593
11 339
-
-
income
12 428
25 201
-
-
total
18 890
38 303
-
-
Dividends
63 957
129 697
-
-
income
22 544
11 406
-
-
withholding
9 593
19 454
-
-
total
32 137
30 860
-
-
Income
168 000
168 000
168 000
168 000
Total tax
81 593
69 163
77 241
83 939
After tax
86 407
98 837
90 759
84 061
Living cost
54 585
54 585
54 585
54 585
Free-cash
31 822
44 252
36 174
29 476

Estimated living cost  is ₽54585 per week

₽40947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83112
₽79915
₽57059
₽50826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
45 043
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
6 780
total
-
-
-
88 380
Employee
33 826
-
139 782
-
other
-
-
-
-
health
863
-
3 418
-
surtax
120
-
5 667
-
income
5 671
-
39 037
-
pensions
2 257
-
8 942
-
unemployment
2 354
-
9 330
-
total
11 265
-
66 394
-
Employer
33 826
-
139 782
-
other
-
-
-
-
unemployment
1 073
-
4 249
-
pensions
4 510
-
17 870
-
health
1 538
-
6 100
-
total
7 121
-
28 219
-
Corporate
127 053
168 000
-
-
income
33 035
43 680
-
-
total
33 035
43 680
-
-
Dividends
94 018
124 320
-
-
withholding
14 103
18 647
-
-
total
14 103
18 647
-
-
Income
168 000
168 000
168 000
168 000
Total tax
65 524
62 327
94 613
88 380
After tax
102 476
105 673
73 387
79 620
Living cost
22 561
22 561
22 561
22 561
Free-cash
79 915
83 112
50 826
57 059

Estimated living cost  is ₽22561 per week

₽13621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61248
₽59016
₽53197
₽45650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
999
regional
-
-
-
2 534
national
-
-
-
41 004
social contributions
-
-
-
43 209
total
-
-
-
87 746
Employee
55 717
-
168 000
-
social contributions
18 788
-
56 649
-
regional
750
-
2 260
-
municipal
295
-
890
-
national
8 827
-
35 494
-
total
28 660
-
95 293
-
Employer
55 717
-
168 000
-
total
-
-
-
-
Corporate
112 283
168 000
-
-
nationa
26 949
40 320
-
-
municipal
5 581
8 349
-
-
total
32 530
48 669
-
-
Dividends
79 753
119 331
-
-
withholding
20 737
31 026
-
-
total
20 737
31 026
-
-
Income
168 000
168 000
168 000
168 000
Total tax
81 927
79 695
95 293
87 746
After tax
86 073
88 305
72 707
80 254
Living cost
27 057
27 057
27 057
27 057
Free-cash
59 016
61 248
45 650
53 197

Estimated living cost  is ₽27057 per week

₽16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86069
₽75510
₽64544
₽57223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
16 613
health
-
-
-
22 680
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 564
total
-
-
-
73 857
Employee
43 528
-
126 979
-
social contributions
2 829
-
7 694
-
health
5 876
-
17 142
-
solidarity contribution
-
-
-
-
income
5 223
-
15 321
-
total
13 928
-
40 157
-
Employer
43 528
-
126 979
-
social contributions
10 882
-
29 593
-
health
3 918
-
11 428
-
total
14 800
-
41 021
-
Corporate
109 672
168 000
-
-
income
20 838
31 920
-
-
total
20 838
31 920
-
-
Dividends
88 834
136 080
-
-
withholding
13 325
20 412
-
-
total
13 325
20 412
-
-
Income
168 000
168 000
168 000
168 000
Total tax
62 891
52 332
81 178
73 857
After tax
105 109
115 668
86 822
94 143
Living cost
29 599
29 599
29 599
29 599
Free-cash
75 510
86 069
57 223
64 544

Estimated living cost  is ₽29599 per week

₽22012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61103
₽60606
₽54352
₽12507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
chamber of commerce
-
-
-
673
income
-
-
-
44 084
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
-
total
-
-
-
81 603
Employee
43 907
40 028
133 080
-
other
438
400
1 174
-
health
1 698
1 550
4 540
-
income
3 911
2 953
34 960
-
pensions
4 497
4 098
12 016
-
unemployment
1 317
1 201
3 521
-
total
11 861
10 202
56 211
-
Employer
43 907
40 028
133 080
-
accident
570
520
1 525
-
other
2 085
1 900
6 187
-
chamber of commerce
175
160
532
-
unemployment
1 317
1 201
3 521
-
surtax
-
-
-
-
pensions
5 511
5 024
14 727
-
payroll
1 317
1 201
3 993
-
health
1 660
1 513
4 436
-
total
12 635
11 519
34 921
-
Corporate
111 458
116 451
129 268
-
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.

27 865
29 112
32 316
-
total
27 865
29 112
32 316
-
Dividends
83 592
87 339
-
-
withholding
22 988
24 019
-
-
total
22 988
24 019
-
-
Income
168 000
168 000
168 000
168 000
Total tax
75 349
74 852
123 448
81 603
After tax
92 651
93 148
44 552
86 397
Living cost
32 045
32 045
32 045
32 045
Free-cash
60 606
61 103
12 507
54 352

Estimated living cost  is ₽32045 per week

₽19223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3273
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.
₽8978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145420
₽142761
₽152140
₽120220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
168 000
microenterprise

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

-
-
-
1 680
total
-
-
-
1 680
Employee
17 726
-
168 000
-
income
3 545
-
33 600
-
total
3 545
-
33 600
-
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%.

150 274
168 000
-
-
total
-
-
-
-
Dividends
150 274
168 000
-
-
withholding
7 514
8 400
-
-
total
7 514
8 400
-
-
Income
168 000
168 000
168 000
168 000
Total tax
11 059
8 400
33 600
1 680
After tax
156 941
159 600
134 400
166 320
Living cost
14 180
14 180
14 180
14 180
Free-cash
142 761
145 420
120 220
152 140

Estimated living cost  is ₽14180 per week

₽9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88727
₽80325
₽55564
₽51115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
income
-
-
-
38 030
pensions
-
-
-
30 681
unemployment
-
-
-
252
health
-
-
-
16 532
total
-
-
-
85 495
Employee

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

44 416
-
145 367
-
health
2 869
-
9 389
-
income
7 660
-
35 186
-
pensions
6 885
-
22 532
-
unemployment
63
-
204
-
total
17 477
-
67 311
-
Employer

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

44 416
-
145 367
-
unemployment
27
-
88
-
pensions
3 930
-
12 864
-
health
2 958
-
9 681
-
total
6 915
-
22 633
-
Corporate
116 668
168 000
-
-
income
22 166
31 920
-
-
total
22 166
31 920
-
-
Dividends
94 502
136 080
-
-
withholding
14 176
20 412
-
-
total
14 176
20 412
-
-
Income
168 000
168 000
168 000
168 000
Total tax
60 734
52 332
89 944
85 495
After tax
107 266
115 668
78 056
82 505
Living cost
26 941
26 941
26 941
26 941
Free-cash
80 325
88 727
51 115
55 564

Estimated living cost  is ₽26941 per week

₽18489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₽58647
₽10622
₽72537
₽111154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
32 747
social contributions
-
-
-
19 152
total
-
-
-
51 899
Employee
62 465
-
-
-
social contributions
5 122
-
730
-
income
13 779
-
-
-
total
18 901
-
730
-
Employer
62 465
-
-
-
social contributions
88 076
-
12 552
-
total
88 076
-
12 552
-
Corporate
17 459
168 000
-
-
income
3 841
36 960
-
-
total
3 841
36 960
-
-
Dividends
13 618
131 040
-
-
income
2 996
28 829
-
-
total
2 996
28 829
-
-
Income
168 000
168 000
168 000
168 000
Total tax
113 814
65 789
13 282
51 899
After tax
54 186
102 211
154 718
116 101
Living cost
43 564
43 564
43 564
43 564
Free-cash
10 622
58 647
111 154
72 537

Estimated living cost  is ₽43564 per week

₽28266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64053
₽63040
₽58828
₽46302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
income
-
-
-
19 286
surtax
-
-
-
-
social contributions

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

-
-
-
58 380
total
-
-
-
77 666
Employee
46 196
-
135 758
-
social contributions
5 082
-
14 934
-
surtax
-
-
-
-
income
9 609
-
43 016
-
total
14 691
-
57 950
-
Employer
46 196
-
135 758
-
social contributions
10 972
-
32 242
-
total
10 972
-
32 242
-
Corporate
110 832
168 000
-
-
surtax
-
-
-
-
income
23 275
35 280
-
-
total
23 275
35 280
-
-
Dividends
87 557
132 720
-
-
withholding
24 516
37 161
-
-
total
24 516
37 161
-
-
Income
168 000
168 000
168 000
168 000
Total tax
73 454
72 441
90 192
77 666
After tax
94 546
95 559
77 808
90 334
Living cost
31 506
31 506
31 506
31 506
Free-cash
63 040
64 053
46 302
58 828

Estimated living cost  is ₽31506 per week

₽23573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36160
₽43064
₽46307
₽44795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 556
pensions
-
-
-
30 807
other
-
-
-
5 207
health
-
-
-
6 824
surtax
-
-
-
-
social contributions
-
-
-
4 786
total
-
-
-
73 180
Employee
62 910
-
130 677
-
social contributions
1 792
-
3 725
-
surtax
-
-
-
-
income
5 489
-
24 830
-
pensions
7 115
-
8 814
-
total
14 396
-
37 369
-
Employer
62 910
-
130 677
-
other
2 171
-
4 981
-
social contributions
189
-
393
-
unemployment
2 548
-
5 293
-
pensions
10 337
-
14 887
-
health
4 403
-
11 769
-
total
19 648
-
37 323
-
Corporate
85 442
168 000
-
-
surtax
-
-
-
-
income
23 924
47 041
-
-
total
23 924
47 041
-
-
Dividends
61 519
120 959
-
-
surtax
-
-
-
-
social contributions
10 581
20 803
-
-
withholding
7 874
15 483
-
-
total
18 455
36 286
-
-
Income
168 000
168 000
168 000
168 000
Total tax
76 423
83 327
74 692
73 180
After tax
91 577
84 673
93 308
94 820
Living cost
48 513
48 513
48 513
48 513
Free-cash
43 064
36 160
44 795
46 307

Estimated living cost  is ₽48513 per week

₽32833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽665
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽121007
₽117633
₽93841
₽98307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
7 005
social contributions
-
-
-
36 961
total
-
-
-
43 966
Employee
32 292
-
145 455
-
income
-
-
7 501
-
social contributions
2 099
-
9 454
-
total
2 099
-
16 955
-
Employer
32 292
-
145 455
-
social contributions
5 005
-
22 545
-
total
5 005
-
22 545
-
Corporate
130 703
168 000
-
-
income
13 070
16 800
-
-
total
13 070
16 800
-
-
Dividends
117 633
151 200
-
-
total
-
-
-
-
Income
168 000
168 000
168 000
168 000
Total tax
20 174
16 800
39 500
43 966
After tax
147 826
151 200
128 500
124 034
Living cost
30 193
30 193
30 193
30 193
Free-cash
117 633
121 007
98 307
93 841

Estimated living cost  is ₽30193 per week

₽19522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽50845
-₽50845
₽51225
-₽50845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
34 730
pensions
-
-
-
871
national
-
-
-
19 430
labour market
-
-
-
13 370
total
-
-
-
68 401
Employee
204 176
204 176
204 176
-
labour market
16 311
16 311
16 311
-
national
24 944
24 944
24 944
-
municipal
43 478
43 478
43 478
-
pensions
290
290
290
-
total
85 023
85 023
85 023
-
Employer
204 176
204 176
204 176
-
labour market
16 334
16 334
16 334
-
municipal
43 547
43 547
43 547
-
pensions
580
580
580
-
national
24 987
24 987
24 987
-
total
85 448
85 448
85 448
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
168 000
168 000
168 000
168 000
Total tax
170 471
170 471
170 471
68 401
After tax
-2 471
-2 471
-2 471
99 599
Living cost
48 374
48 374
48 374
48 374
Free-cash
-50 845
-50 845
-50 845
51 225

Estimated living cost  is ₽48374 per week

₽33108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽744
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8111
₽10278
₽93158
₽69235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
253
income
-
-
-
46 145
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
53 123
Employee
34 165
-
150 750
-
health
3 912
-
17 261
-
income
4 687
-
34 889
-
pensions
3 847
-
7 645
-
total
12 446
-
59 795
-
Employer
34 165
-
150 750
-
accident
570
-
2 518
-
unemployment
837
-
3 694
-
pensions
5 555
-
11 039
-
total
6 962
-
17 251
-
Corporate
126 872
168 000
-
-
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.

114 185
151 200
-
-
total
114 185
151 200
-
-
Dividends
12 687
16 800
-
-
withholding
2 410
3 192
-
-
total
2 410
3 192
-
-
Income
168 000
168 000
168 000
168 000
Total tax
136 003
154 392
77 046
53 123
After tax
31 997
13 608
90 954
114 877
Living cost
21 719
21 719
21 719
21 719
Free-cash
10 278
-8 111
69 235
93 158

Estimated living cost  is ₽21719 per week

₽15809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67262
₽69574
₽71092
₽50136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
168 000
municipal
-
-
-
29 850
health
-
-
-
2 167
national
-
-
-
26 328
total
-
-
-
58 345
Employee
52 845
-
141 332
-
health
395
-
1 757
-
municipal
8 656
-
23 024
-
pensions
3 566
-
9 540
-
unemployment
793
-
2 120
-
national
873
-
16 192
-
total
14 283
-
52 633
-
Employer
52 845
-
141 332
-
accident
53
-
141
-
unemployment
343
-
919
-
pensions
9 168
-
24 520
-
health
406
-
1 088
-
total
9 970
-
26 668
-
Corporate
105 184
168 000
-
-
income
21 038
33 601
-
-
total
21 038
33 601
-
-
Dividends

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

63 110
100 799
-
-
national
3 212
10 430
-
-
municipal
11 360
18 144
-
-
total
14 572
28 574
-
-
Income
168 000
168 000
168 000
168 000
Total tax
59 863
62 175
79 301
58 345
After tax
108 137
105 825
88 699
109 655
Living cost
38 563
38 563
38 563
38 563
Free-cash
69 574
67 262
50 136
71 092

Estimated living cost  is ₽38563 per week

₽25189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽614
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99333
₽93865
₽92021
₽90519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
32 188
health
-
-
-
4 285
social contributions
-
-
-
16 251
total
-
-
-
52 724
Employee
77 236
77 236
156 459
-
social contributions
2 920
6 410
8 646
-
health
599
1 313
2 659
-
income
8 410
7 150
31 380
-
total
11 929
14 873
42 685
-
Employer
77 236
77 236
156 459
-
social contributions
2 920
6 410
8 646
-
health
650
1 430
2 895
-
total
3 570
7 840
11 541
-
Corporate
129 246
82 924
-
-
income
16 156
10 365
-
-
total
16 156
10 365
-
-
Dividends
113 090
72 559
-
-
withholding
19 225
12 334
-
-
total
19 225
12 334
-
-
Income
168 000
168 000
168 000
168 000
Total tax
50 880
45 412
54 226
52 724
After tax
117 120
122 588
113 774
115 276
Living cost
23 255
23 255
23 255
23 255
Free-cash
93 865
99 333
90 519
92 021

Estimated living cost  is ₽23255 per week

₽13937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123174
₽118064
₽124980
₽104834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
168 000
income
-
-
-
17 020
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
27 073
Employee

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

23 055
-
158 184
-
health
1 959
-
8 101
-
income
1 576
-
14 528
-
pensions
3 458
-
14 296
-
unemployment
114
-
477
-
total
7 107
-
37 402
-
Employer

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

23 055
-
158 184
-
unemployment
114
-
477
-
pensions
1 268
-
5 242
-
health
991
-
4 098
-
total
2 373
-
9 817
-
Corporate
142 572
168 000
-
-
income
12 832
15 119
-
-
total
12 832
15 119
-
-
Dividends
129 740
152 881
-
-
withholding
11 677
13 760
-
-
total
11 677
13 760
-
-
Income
168 000
168 000
168 000
168 000
Total tax
33 989
28 879
47 219
27 073
After tax
134 011
139 121
120 781
140 927
Living cost
15 947
15 947
15 947
15 947
Free-cash
118 064
123 174
104 834
124 980

Estimated living cost  is ₽15947 per week

₽10175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1149
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.
₽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 Podgorica model

Close
Valencia , Spain
₽84469
₽80035
₽66761
₽62547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
839
income
-
-
-
45 688
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
73 618
Employee
37 140
-
138 320
-
other
36
-
93
-
income
7 160
-
42 240
-
pensions
1 746
-
4 376
-
unemployment
576
-
1 443
-
total
9 518
-
48 152
-
Employer
37 140
-
138 320
-
accident
736
-
1 843
-
other
297
-
745
-
unemployment
2 043
-
5 120
-
pensions
8 764
-
21 972
-
total
11 840
-
29 680
-
Corporate
119 019
168 000
-
-
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.

17 853
25 201
-
-
total
17 853
25 201
-
-
Dividends
101 167
142 799
-
-
withholding
21 133
30 709
-
-
total
21 133
30 709
-
-
Income
168 000
168 000
168 000
168 000
Total tax
60 344
55 910
77 832
73 618
After tax
107 656
112 090
90 168
94 382
Living cost
27 621
27 621
27 621
27 621
Free-cash
80 035
84 469
62 547
66 761

Estimated living cost  is ₽27621 per week

₽18644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102082
₽101631
₽104835
₽104639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
56 954
pensions
-
-
-
2 006
health
-
-
-
1 455
total
-
-
-
60 415
Employee
4 189
-
165 743
-
health
209
-
502
-
income
810
-
56 849
-
pensions
377
-
903
-
unemployment
42
-
100
-
total
1 438
-
58 354
-
Employer
4 189
-
165 743
-
unemployment
84
-
201
-
pensions
461
-
1 103
-
health
398
-
953
-
total
943
-
2 257
-
Corporate
162 868
168 000
-
-
income
35 831
36 960
-
-
total
35 831
36 960
-
-
Dividends
127 037
131 040
-
-
withholding
25 407
26 208
-
-
total
25 407
26 208
-
-
Income
168 000
168 000
168 000
168 000
Total tax
63 619
63 168
60 611
60 415
After tax
104 381
104 832
107 389
107 585
Living cost
2 750
2 750
2 750
2 750
Free-cash
101 631
102 082
104 639
104 835

Estimated living cost  is ₽2750 per week

₽1635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104010
₽99069
₽84769
₽84767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
income
-
-
-
37 804
pensions
-
-
-
19 299
unemployment
-
-
-
1 113
health
-
-
-
7 645
total
-
-
-
65 861
Employee

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

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

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

26 193
-
154 713
-
health
1 349
-
3 823
-
income
3 610
-
37 804
-
pensions
3 667
-
10 392
-
unemployment
196
-
557
-
total
8 822
-
52 576
-
Employer

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

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

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

26 193
-
154 713
-
unemployment
196
-
557
-
pensions
3 143
-
8 907
-
health
1 349
-
3 823
-
total
4 688
-
13 287
-
Corporate
137 119
168 000
-
-
income
20 568
25 200
-
-
total
20 568
25 200
-
-
Dividends
116 551
142 800
-
-
withholding
17 483
21 420
-
-
total
17 483
21 420
-
-
Income
168 000
168 000
168 000
168 000
Total tax
51 561
46 620
65 863
65 861
After tax
116 439
121 380
102 137
102 139
Living cost
17 370
17 370
17 370
17 370
Free-cash
99 069
104 010
84 767
84 769

Estimated living cost  is ₽17370 per week

₽11695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68480
₽68117
₽63255
₽50729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
income
-
-
-
19 286
surtax
-
-
-
-
social contributions

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

-
-
-
58 380
total
-
-
-
77 666
Employee
38 984
-
135 758
-
social contributions
4 289
-
14 934
-
surtax
-
-
-
-
income
7 617
-
43 016
-
total
11 906
-
57 950
-
Employer
38 984
-
135 758
-
social contributions
9 258
-
32 242
-
total
9 258
-
32 242
-
Corporate
119 758
168 000
-
-
surtax
-
-
-
-
income
25 149
35 280
-
-
total
25 149
35 280
-
-
Dividends
94 609
132 720
-
-
withholding
26 491
37 161
-
-
total
26 491
37 161
-
-
Income
168 000
168 000
168 000
168 000
Total tax
72 804
72 441
90 192
77 666
After tax
95 196
95 559
77 808
90 334
Living cost
27 079
27 079
27 079
27 079
Free-cash
68 117
68 480
50 729
63 255

Estimated living cost  is ₽27079 per week

₽19179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76790
₽70078
₽59082
₽54868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
839
income
-
-
-
45 688
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
73 618
Employee
48 510
-
138 320
-
other
48
-
93
-
income
10 132
-
42 240
-
pensions
2 280
-
4 376
-
unemployment
751
-
1 443
-
total
13 211
-
48 152
-
Employer
48 510
-
138 320
-
accident
961
-
1 843
-
other
389
-
745
-
unemployment
2 669
-
5 120
-
pensions
11 448
-
21 972
-
total
15 467
-
29 680
-
Corporate
104 024
168 000
-
-
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.

15 603
25 201
-
-
total
15 603
25 201
-
-
Dividends
88 421
142 799
-
-
withholding
18 341
30 709
-
-
total
18 341
30 709
-
-
Income
168 000
168 000
168 000
168 000
Total tax
62 622
55 910
77 832
73 618
After tax
105 378
112 090
90 168
94 382
Living cost
35 300
35 300
35 300
35 300
Free-cash
70 078
76 790
54 868
59 082

Estimated living cost  is ₽35300 per week

₽25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126364
₽120245
₽116158
₽122649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
25 200
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
34 566
Employee
22 876
-
161 117
-
health
1 052
-
1 614
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
income
2 288
-
16 112
-
pensions

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

2 008
-
3 080
-
total
5 599
-
21 192
-
Employer
22 876
-
161 117
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
unemployment
137
-
210
-
pensions

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

2 521
-
3 866
-
health
1 579
-
2 421
-
total
4 488
-
6 883
-
Corporate
140 635
168 000
-
-
income
14 063
16 800
-
-
total
14 063
16 800
-
-
Dividends
126 572
151 200
-
-
withholding
6 329
7 560
-
-
total
6 329
7 560
-
-
Income
168 000
168 000
168 000
168 000
Total tax
30 479
24 360
28 075
34 566
After tax
137 521
143 640
139 925
133 434
Living cost
17 276
17 276
17 276
17 276
Free-cash
120 245
126 364
122 649
116 158

Estimated living cost  is ₽17276 per week

₽11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47697
₽60835
₽51209
₽68616
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
trade
-
-
-
17 407
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.

-
-
-
50 941
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.

-
-
-
6 862
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.

-
-
-
2 802
total
-
-
-
78 012
Employee

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

49 977
-
168 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

6 862
-
6 862
-
surtax

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

227
-
2 802
-
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.

4 110
-
50 941
-
total
11 199
-
60 605
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
118 023
168 000
-
-
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.

974
1 386
-
-
income
17 704
25 201
-
-
trade
16 936
24 108
-
-
chamber of commerce
326
398
-
-
total
35 940
51 093
-
-
Dividends
82 084
116 907
-
-
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.

1 107
1 586
-
-
withholding
20 140
28 845
-
-
total
21 247
30 431
-
-
Income
168 000
168 000
168 000
168 000
Total tax
68 386
81 524
60 605
78 012
After tax
99 614
86 476
107 395
89 988
Living cost
38 779
38 779
38 779
38 779
Free-cash
60 835
47 697
68 616
51 209

Estimated living cost  is ₽38779 per week

₽26750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60383
₽62600
₽32362
₽32362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
50 598
social contributions
-
-
-
27 823
total
-
-
-
78 421
Employee
78 569
-
168 000
-
income
14 826
-
50 598
-
social contributions
6 527
-
27 823
-
total
21 353
-
78 421
-
Employer
78 569
-
168 000
-
total
-
-
-
-
Corporate
89 431
168 000
-
-
income
11 179
21 000
-
-
total
11 179
21 000
-
-
Dividends
78 251
147 000
-
-
withholding
15 651
29 400
-
-
total
15 651
29 400
-
-
Income
168 000
168 000
168 000
168 000
Total tax
48 183
50 400
78 421
78 421
After tax
119 817
117 600
89 579
89 579
Living cost
57 217
57 217
57 217
57 217
Free-cash
62 600
60 383
32 362
32 362

Estimated living cost  is ₽57217 per week

₽43530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67432
₽70941
₽96217
₽83536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
income
-
-
-
28 592
health

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

-
-
-
6 730
total
-
-
-
35 322
Employee
46 078
-
163 380
-
income
5 000
-
38 763
-
social contributions
4 617
-
4 620
-
total
9 617
-
43 383
-
Employer
46 078
-
163 380
-
social contributions
4 617
-
4 620
-
total
4 617
-
4 620
-
Corporate
117 306
168 000
-
-
income
41 057
58 800
-
-
total
41 057
58 800
-
-
Dividends
76 248
109 200
-
-
social contributions
5 307
5 307
-
-
total
5 307
5 307
-
-
Income
168 000
168 000
168 000
168 000
Total tax
60 598
64 107
48 003
35 322
After tax
107 402
103 893
119 997
132 678
Living cost
36 461
36 461
36 461
36 461
Free-cash
70 941
67 432
83 536
96 217

Estimated living cost  is ₽36461 per week

₽24017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽73643
₽79586
₽74793
₽59537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
income
-
-
-
47 087
pensions
-
-
-
8 852
total
-
-
-
55 939
Employee
51 155
-
146 838
-
health
667
-
2 164
-
income
9 316
-
36 918
-
pensions
3 904
-
10 951
-
total
13 887
-
50 033
-
Employer
51 155
-
146 838
-
pensions
5 168
-
18 371
-
health
972
-
2 791
-
total
6 140
-
21 162
-
Corporate
110 704
168 000
-
-
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.

21 033
31 920
-
-
total
21 033
31 920
-
-
Dividends
89 671
136 080
-
-
withholding
10 086
25 169
-
-
total
10 086
25 169
-
-
Income
168 000
168 000
168 000
168 000
Total tax
51 146
57 089
71 195
55 939
After tax
116 854
110 911
96 805
112 061
Living cost
37 268
37 268
37 268
37 268
Free-cash
79 586
73 643
59 537
74 793

Estimated living cost  is ₽37268 per week

₽25565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽10261
₽9946
₽91008
₽67085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
accident
-
-
-
253
income
-
-
-
46 145
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
53 123
Employee
37 547
-
150 750
-
health
4 299
-
17 261
-
income
5 151
-
34 889
-
pensions
4 228
-
7 645
-
total
13 678
-
59 795
-
Employer
37 547
-
150 750
-
accident
627
-
2 518
-
unemployment
920
-
3 694
-
pensions
6 105
-
11 039
-
total
7 652
-
17 251
-
Corporate
122 802
168 000
-
-
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.

110 522
151 200
-
-
total
110 522
151 200
-
-
Dividends
12 280
16 800
-
-
withholding
2 333
3 192
-
-
total
2 333
3 192
-
-
Income
168 000
168 000
168 000
168 000
Total tax
134 185
154 392
77 046
53 123
After tax
33 815
13 608
90 954
114 877
Living cost
23 869
23 869
23 869
23 869
Free-cash
9 946
-10 261
67 085
91 008

Estimated living cost  is ₽23869 per week

₽17517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127806
₽123106
₽82700
₽104784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
168 000
work injury
-
-
-
803
health insurance
-
-
-
11 886
income
-
-
-
27 564
pensions
-
-
-
29 554
unemployment
-
-
-
1 927
total
-
-
-
71 734
Employee

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

21 706
-
168 000
-
work injury
109
-
402
-
income
2 171
-
27 564
-
pensions
3 994
-
14 777
-
health insurance
1 606
-
5 943
-
unemployment
260
-
964
-
total
8 140
-
49 650
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
146 294
168 000
-
-
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%.

1 463
1 680
-
-
total
1 463
1 680
-
-
Dividends
144 831
166 320
-
-
withholding
21 725
24 948
-
-
total
21 725
24 948
-
-
Income
168 000
168 000
168 000
168 000
Total tax
31 328
26 628
49 650
71 734
After tax
136 672
141 372
118 350
96 266
Living cost
13 566
13 566
13 566
13 566
Free-cash
123 106
127 806
104 784
82 700

Estimated living cost  is ₽13566 per week

₽8404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48477
₽43908
₽38812
₽31437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
168 000
municipal
-
-
-
1 123
regional
-
-
-
3 838
national
-
-
-
41 004
social contributions
-
-
-
43 209
total
-
-
-
89 174
Employee
84 640
-
168 000
-
social contributions
28 540
-
56 649
-
regional
1 278
-
3 403
-
municipal
505
-
1 003
-
national
14 303
-
35 494
-
total
44 626
-
96 549
-
Employer
84 640
-
168 000
-
total
-
-
-
-
Corporate
83 360
168 000
-
-
nationa
20 006
40 320
-
-
municipal
4 018
8 097
-
-
total
24 024
48 417
-
-
Dividends
59 335
119 583
-
-
withholding
15 428
31 092
-
-
total
15 428
31 092
-
-
Income
168 000
168 000
168 000
168 000
Total tax
84 078
79 509
96 549
89 174
After tax
83 922
88 491
71 451
78 826
Living cost
40 014
40 014
40 014
40 014
Free-cash
43 908
48 477
31 437
38 812

Estimated living cost  is ₽40014 per week

₽28107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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