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
₽ 170000
per

Your estimated
City
free-cash

Dresden , Germany
₽79931
₽58682
₽59693
₽68554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income

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

-
-
-
53 962
trade
-
-
-
20 238
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.

-
-
-
6 099
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.

-
-
-
2 968
total
-
-
-
83 267
Employee

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

34 146
-
170 000
-
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.

53
-
2 968
-
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.

6 099
-
6 099
-
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.

954
-
53 962
-
total
7 106
-
63 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
135 854
170 000
-
-
income
20 379
25 500
-
-
trade
21 397
26 774
-
-
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.

1 122
1 403
-
-
chamber of commerce
330
379
-
-
total
43 228
54 056
-
-
Dividends
92 627
115 943
-
-
withholding
22 817
28 646
-
-
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.

1 255
1 576
-
-
total
24 072
30 222
-
-
Income
170 000
170 000
170 000
170 000
Total tax
74 406
84 278
63 029
83 267
After tax
95 594
85 722
106 971
86 733
Living cost
27 040
27 040
27 040
27 040
Free-cash
68 554
58 682
79 931
59 693

Estimated living cost  is ₽27040 per week

₽17009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53558
₽59091
₽52645
₽58310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
pensions
-
-
-
20 400
social contributions
-
-
-
1 828
municipal
-
-
-
18 671
national
-
-
-
29 467
total
-
-
-
70 366
Employee
72 841
-
146 963
-
municipal
8 997
-
19 329
-
pensions
2 914
-
5 879
-
national
13 942
-
30 908
-
total
25 853
-
56 116
-
Employer
72 841
-
146 963
-
social contributions
783
-
1 580
-
pensions
5 827
-
11 757
-
total
6 610
-
13 337
-
Corporate
85 741
170 000
-
-
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%.

17 148
34 000
-
-
total
17 148
34 000
-
-
Dividends
68 593
136 000
-
-
withholding
15 090
29 920
-
-
total
15 090
29 920
-
-
Income
170 000
170 000
170 000
170 000
Total tax
64 701
63 920
69 453
70 366
After tax
105 299
106 080
100 547
99 634
Living cost
46 989
46 989
46 989
46 989
Free-cash
58 310
59 091
53 558
52 645

Estimated living cost  is ₽46989 per week

₽31938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽703
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53716
₽117427
₽41185
₽110103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
32 687
microenterprise
-
-
-
-
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.

-
-
-
34 205
surtax
-
-
-
43 350
total
-
-
-
110 242
Employee
26 086
-
130 062
-
surtax
-
-
18 859
-
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.

2 870
-
11 703
-
income
4 644
-
27 211
-
total
7 514
-
57 773
-
Employer
26 086
-
130 062
-
surtax
-
-
14 307
-
social contributions

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

6 284
-
25 631
-
total
6 284
-
39 938
-
Corporate
137 630
170 000
-
-
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%.

27 526
34 000
-
-
total
27 526
34 000
-
-
Dividends

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

110 104
136 000
-
-
total
-
-
-
-
Income
170 000
170 000
170 000
170 000
Total tax
41 324
34 000
97 711
110 242
After tax
128 676
136 000
72 289
59 758
Living cost
18 573
18 573
18 573
18 573
Free-cash
110 103
117 427
53 716
41 185

Estimated living cost  is ₽18573 per week

₽11849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽422
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70197
₽46958
₽55567
₽41487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
55 566
pensions
-
-
-
10 460
health
-
-
-
11 009
total
-
-
-
77 035
Employee
76 236
76 236
153 409
-
pensions
13 723
10 460
10 460
-
health
11 701
9 953
11 009
-
income

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

12 479
12 479
24 346
-
total
37 903
32 892
45 815
-
Employer
76 236
76 236
153 409
-
health
5 299
5 299
6 585
-
unemployment
2 745
2 745
3 410
-
pensions
5 306
5 306
6 595
-
total
13 350
13 350
16 590
-
Corporate
81 349
80 414
-
-
income
16 271
16 082
-
-
total
16 271
16 082
-
-
Dividends
65 078
64 331
-
-
income
13 829
13 670
-
-
withholding
9 762
9 650
-
-
total
23 591
23 320
-
-
Income
170 000
170 000
170 000
170 000
Total tax
91 115
85 644
62 405
77 035
After tax
78 885
84 356
107 595
92 965
Living cost
37 398
37 398
37 398
37 398
Free-cash
41 487
46 958
70 197
55 567

Estimated living cost  is ₽37398 per week

₽26503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽595
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6929
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49474
₽56470
₽50356
₽55653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
pensions
-
-
-
8 612
other
-
-
-
9 257
unemployment
-
-
-
80
accident
-
-
-
159
health
-
-
-
4 971
municipal
-
-
-
43 812
national
-
-
-
16 403
total
-
-
-
83 294
Employee
51 796
-
144 969
-
municipal
15 446
-
43 230
-
national
-
-
15 915
-
total
15 446
-
59 145
-
Employer
51 796
-
144 969
-
accident
104
-
159
-
other
6 019
-
9 257
-
health
3 185
-
4 900
-
unemployment
1 367
-
2 103
-
pensions
5 599
-
8 612
-
total
16 274
-
25 031
-
Corporate
101 930
170 000
-
-
income
22 425
37 400
-
-
total
22 425
37 400
-
-
Dividends
79 505
132 600
-
-
withholding
23 852
39 780
-
-
total
23 852
39 780
-
-
Income
170 000
170 000
170 000
170 000
Total tax
77 997
77 180
84 176
83 294
After tax
92 003
92 820
85 824
86 706
Living cost
36 350
36 350
36 350
36 350
Free-cash
55 653
56 470
49 474
50 356

Estimated living cost  is ₽36350 per week

₽24092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽552
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71900
₽49774
₽50762
₽62321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income

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

-
-
-
53 962
trade
-
-
-
21 138
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.

-
-
-
6 099
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.

-
-
-
2 968
total
-
-
-
84 167
Employee

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

45 273
-
170 000
-
surtax

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

213
-
2 968
-
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.

6 099
-
6 099
-
income

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

3 890
-
53 962
-
total
10 202
-
63 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
124 727
170 000
-
-
income
18 708
25 500
-
-
trade
20 518
27 965
-
-
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.

1 028
1 403
-
-
chamber of commerce
313
378
-
-
total
40 567
55 246
-
-
Dividends
84 159
114 754
-
-
withholding
20 701
28 350
-
-
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.

1 138
1 559
-
-
total
21 839
29 909
-
-
Income
170 000
170 000
170 000
170 000
Total tax
72 608
85 155
63 029
84 167
After tax
97 392
84 845
106 971
85 833
Living cost
35 071
35 071
35 071
35 071
Free-cash
62 321
49 774
71 900
50 762

Estimated living cost  is ₽35071 per week

₽23455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7393
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85140
₽95020
₽86602
₽91316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
35 663
social contributions
-
-
-
14 444
health
-
-
-
4 335
total
-
-
-
54 442
Employee
68 647
68 647
159 368
-
social contributions
3 336
5 697
7 685
-
health
683
1 167
2 709
-
income
7 209
6 355
34 877
-
total
11 228
13 219
45 271
-
Employer
68 647
68 647
159 368
-
health
744
1 271
2 948
-
social contributions
3 336
5 697
7 685
-
total
4 080
6 968
10 633
-
Corporate
125 737
94 385
-
-
income
15 717
11 798
-
-
total
15 717
11 798
-
-
Dividends
110 021
82 587
-
-
withholding
18 703
14 039
-
-
total
18 703
14 039
-
-
Income
170 000
170 000
170 000
170 000
Total tax
49 728
46 024
55 904
54 442
After tax
120 272
123 976
114 096
115 558
Living cost
28 956
28 956
28 956
28 956
Free-cash
91 316
95 020
85 140
86 602

Estimated living cost  is ₽28956 per week

₽19794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80480
₽77437
₽99697
₽77814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
20 783
pensions
-
-
-
17 000
unemployment
-
-
-
2 550
health
-
-
-
11 900
total
-
-
-
52 233
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.

26 084
10 381
142 259
-
unemployment
391
156
2 134
-
pensions
2 608
1 038
14 226
-
health
1 826
727
9 958
-
income
3 189
1 269
17 391
-
total
8 014
3 190
43 709
-
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.

26 084
10 381
142 259
-
pensions
5 086
2 024
27 741
-
total
5 086
2 024
27 741
-
Corporate
138 830
157 595
-
-
income
12 495
14 184
-
-
total
12 495
14 184
-
-
Dividends
126 335
143 411
-
-
withholding
24 004
27 248
-
-
social contributions
24 517
27 847
-
-
total
48 521
55 095
-
-
Income
170 000
170 000
170 000
170 000
Total tax
74 116
74 493
71 450
52 233
After tax
95 884
95 507
98 550
117 767
Living cost
18 070
18 070
18 070
18 070
Free-cash
77 814
77 437
80 480
99 697

Estimated living cost  is ₽18070 per week

₽12331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽361
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76425
₽114437
₽69558
₽108891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
22 779
pensions
-
-
-
34 000
health
-
-
-
22 100
total
-
-
-
78 879
Employee
25 326
-
127 053
-
unemployment
405
-
2 033
-
pensions
507
-
2 541
-
income
2 851
-
24 496
-
total
3 763
-
29 070
-
Employer
25 326
-
127 053
-
health
3 292
-
16 516
-
unemployment
203
-
1 016
-
pensions
5 065
-
25 410
-
total
8 560
-
42 942
-
Corporate
136 114
170 000
-
-
income
27 223
34 000
-
-
total
27 223
34 000
-
-
Dividends
108 891
136 000
-
-
total
-
-
-
-
Income
170 000
170 000
170 000
170 000
Total tax
39 546
34 000
72 012
78 879
After tax
130 454
136 000
97 988
91 121
Living cost
21 563
21 563
21 563
21 563
Free-cash
108 891
114 437
76 425
69 558

Estimated living cost  is ₽21563 per week

₽14790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1284
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽434
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73073
-₽5929
₽96469
₽10750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
47 595
pensions
-
-
-
3 726
other
-
-
-
332
accident
-
-
-
226
health
-
-
-
1 953
total
-
-
-
53 832
Employee
30 988
-
153 799
-
pensions
3 489
-
6 832
-
health
3 548
-
17 610
-
income
4 251
-
36 585
-
total
11 288
-
61 027
-
Employer
30 988
-
153 799
-
accident
517
-
2 568
-
unemployment
759
-
3 768
-
pensions
5 039
-
9 865
-
total
6 315
-
16 201
-
Corporate
132 696
170 000
-
-
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.

119 427
153 000
-
-
total
119 427
153 000
-
-
Dividends
13 270
17 000
-
-
withholding
2 521
3 230
-
-
total
2 521
3 230
-
-
Income
170 000
170 000
170 000
170 000
Total tax
139 551
156 230
77 228
53 832
After tax
30 449
13 770
92 772
116 168
Living cost
19 699
19 699
19 699
19 699
Free-cash
10 750
-5 929
73 073
96 469

Estimated living cost  is ₽19699 per week

₽14438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽411
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128355
₽153855
₽160655
₽152422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
170 000
microenterprise

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

-
-
-
1 700
total
-
-
-
1 700
Employee
9 556
-
170 000
-
income
1 911
-
34 000
-
total
1 911
-
34 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

160 444
170 000
-
-
total
-
-
-
-
Dividends
160 444
170 000
-
-
withholding
8 022
8 500
-
-
total
8 022
8 500
-
-
Income
170 000
170 000
170 000
170 000
Total tax
9 933
8 500
34 000
1 700
After tax
160 067
161 500
136 000
168 300
Living cost
7 645
7 645
7 645
7 645
Free-cash
152 422
153 855
128 355
160 655

Estimated living cost  is ₽7645 per week

₽4738
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72263
₽101110
₽73736
₽95083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
27 472
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.

-
-
-
32 582
other
-
-
-
6 448
health
-
-
-
5 974
total
-
-
-
72 476
Employee
32 414
-
135 790
-
unemployment
324
-
1 357
-
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.

2 268
-
9 502
-
health
454
-
1 901
-
income
5 581
-
26 979
-
total
8 627
-
39 739
-
Employer
32 414
-
135 790
-
accident
259
-
1 086
-
other
1 621
-
6 787
-
health
454
-
1 901
-
unemployment
324
-
1 357
-
pensions

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

5 511
-
23 079
-
total
8 169
-
34 210
-
Corporate
129 416
170 000
-
-
income
27 177
35 701
-
-
total
27 177
35 701
-
-
Dividends
102 239
134 299
-
-
withholding
7 156
9 401
-
-
total
7 156
9 401
-
-
Income
170 000
170 000
170 000
170 000
Total tax
51 129
45 102
73 949
72 476
After tax
118 871
124 898
96 051
97 524
Living cost
23 788
23 788
23 788
23 788
Free-cash
95 083
101 110
72 263
73 736

Estimated living cost  is ₽23788 per week

₽16808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36345
₽49843
₽51670
₽54807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 800
pensions
-
-
-
8 327
total
-
-
-
58 127
Employee
85 179
-
148 399
-
pensions
8 217
-
10 159
-
health
1 404
-
2 108
-
income
15 354
-
39 584
-
total
24 975
-
51 851
-
Employer
85 179
-
148 399
-
health
1 618
-
2 819
-
pensions
10 057
-
18 782
-
total
11 675
-
21 601
-
Corporate
73 146
170 000
-
-
income

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

13 897
32 301
-
-
total
13 897
32 301
-
-
Dividends
59 249
137 699
-
-
withholding
4 443
27 653
-
-
total
4 443
27 653
-
-
Income
170 000
170 000
170 000
170 000
Total tax
54 990
59 954
73 452
58 127
After tax
115 010
110 046
96 548
111 873
Living cost
60 203
60 203
60 203
60 203
Free-cash
54 807
49 843
36 345
51 670

Estimated living cost  is ₽60203 per week

₽45111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7074
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.
₽7529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽131038
₽133518
₽124252
₽129326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
25 500
pensions

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

-
-
-
4 665
unemployment
-
-
-
126
health
-
-
-
3 625
total
-
-
-
33 916
Employee
15 667
-
163 816
-
pensions

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

1 376
-
2 768
-
health
721
-
1 450
-
accident

We are using the highest rate at 1.1%.

172
-
347
-
income
1 566
-
16 381
-
total
3 835
-
20 946
-
Employer
15 667
-
163 816
-
accident

We are using the highest rate at 1.1%.

172
-
347
-
health
1 081
-
2 175
-
unemployment
94
-
189
-
pensions

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

1 727
-
3 473
-
total
3 074
-
6 184
-
Corporate
151 259
170 000
-
-
income
15 126
17 000
-
-
total
15 126
17 000
-
-
Dividends
136 133
153 000
-
-
withholding
6 807
7 650
-
-
total
6 807
7 650
-
-
Income
170 000
170 000
170 000
170 000
Total tax
28 842
24 650
27 130
33 916
After tax
141 158
145 350
142 870
136 084
Living cost
11 832
11 832
11 832
11 832
Free-cash
129 326
133 518
131 038
124 252

Estimated living cost  is ₽11832 per week

₽6908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58091
₽34852
₽43461
₽37097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
55 566
pensions
-
-
-
10 460
health
-
-
-
11 009
total
-
-
-
77 035
Employee
82 768
76 236
153 409
-
pensions
10 460
10 460
10 460
-
health
10 326
9 953
11 009
-
income

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

12 479
12 479
24 346
-
total
33 265
32 892
45 815
-
Employer
82 768
76 236
153 409
-
health
5 752
5 299
6 585
-
unemployment
2 980
2 745
3 410
-
pensions
5 760
5 306
6 595
-
total
14 492
13 350
16 590
-
Corporate
72 740
80 414
-
-
income
14 548
16 082
-
-
total
14 548
16 082
-
-
Dividends
58 192
64 331
-
-
income
12 366
13 670
-
-
withholding
8 728
9 650
-
-
total
21 094
23 320
-
-
Income
170 000
170 000
170 000
170 000
Total tax
83 399
85 644
62 405
77 035
After tax
86 601
84 356
107 595
92 965
Living cost
49 504
49 504
49 504
49 504
Free-cash
37 097
34 852
58 091
43 461

Estimated living cost  is ₽49504 per week

₽36517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4422
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.
₽7998
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67768
₽94744
₽75061
₽86788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
17 244
solidarity contribution
-
-
-
354
social contributions
-
-
-
32 090
health
-
-
-
22 950
total
-
-
-
72 638
Employee
32 795
-
130 757
-
social contributions
2 132
-
7 143
-
solidarity contribution
-
-
-
-
health
4 427
-
17 652
-
income
3 935
-
15 894
-
total
10 494
-
40 689
-
Employer
32 795
-
130 757
-
health
2 952
-
11 768
-
social contributions
8 199
-
27 474
-
total
11 151
-
39 242
-
Corporate
126 054
170 000
-
-
income
23 950
32 300
-
-
total
23 950
32 300
-
-
Dividends
102 104
137 700
-
-
withholding
15 316
20 655
-
-
total
15 316
20 655
-
-
Income
170 000
170 000
170 000
170 000
Total tax
60 911
52 955
79 931
72 638
After tax
109 089
117 045
90 069
97 362
Living cost
22 301
22 301
22 301
22 301
Free-cash
86 788
94 744
67 768
75 061

Estimated living cost  is ₽22301 per week

₽15490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35152
₽53032
₽42833
₽48369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
regional
-
-
-
2 020
social contributions
-
-
-
43 724
municipal
-
-
-
1 010
national
-
-
-
42 743
total
-
-
-
89 497
Employee
79 341
-
170 000
-
municipal
420
-
901
-
social contributions
26 754
-
57 325
-
regional
749
-
1 784
-
national
13 748
-
37 168
-
total
41 671
-
97 178
-
Employer
79 341
-
170 000
-
total
-
-
-
-
Corporate
90 659
170 000
-
-
nationa
21 758
40 800
-
-
municipal
3 536
6 629
-
-
total
25 294
47 429
-
-
Dividends
65 365
122 571
-
-
withholding
16 996
31 869
-
-
total
16 996
31 869
-
-
Income
170 000
170 000
170 000
170 000
Total tax
83 961
79 298
97 178
89 497
After tax
86 039
90 702
72 822
80 503
Living cost
37 670
37 670
37 670
37 670
Free-cash
48 369
53 032
35 152
42 833

Estimated living cost  is ₽37670 per week

₽26259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽8362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55119
₽87231
₽60578
₽84452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 342
pensions
-
-
-
23 830
other
-
-
-
-
unemployment
-
-
-
203
health
-
-
-
8 459
surtax
-
-
-
7 888
total
-
-
-
89 722
Employee
29 522
-
144 920
-
unemployment
2 055
-
8 293
-
surtax
97
-
6 821
-
pensions
1 969
-
7 947
-
health
754
-
3 038
-
other
-
-
-
-
income
4 949
-
44 002
-
total
9 824
-
70 101
-
Employer
29 522
-
144 920
-
other
-
-
-
-
health
1 343
-
5 421
-
unemployment
935
-
3 776
-
pensions
3 935
-
15 883
-
total
6 213
-
25 080
-
Corporate
134 263
170 000
-
-
income
34 908
44 200
-
-
total
34 908
44 200
-
-
Dividends
99 356
125 800
-
-
withholding
14 903
18 869
-
-
total
14 903
18 869
-
-
Income
170 000
170 000
170 000
170 000
Total tax
65 848
63 069
95 181
89 722
After tax
104 152
106 931
74 819
80 278
Living cost
19 700
19 700
19 700
19 700
Free-cash
84 452
87 231
55 119
60 578

Estimated living cost  is ₽19700 per week

₽12045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1818
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55419
₽68917
₽70744
₽74864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 800
pensions
-
-
-
8 327
total
-
-
-
58 127
Employee
57 084
-
148 399
-
pensions
4 845
-
10 159
-
health
829
-
2 108
-
income
10 281
-
39 584
-
total
15 955
-
51 851
-
Employer
57 084
-
148 399
-
health
1 084
-
2 819
-
pensions
6 179
-
18 782
-
total
7 263
-
21 601
-
Corporate
105 652
170 000
-
-
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.

20 075
32 301
-
-
total
20 075
32 301
-
-
Dividends
85 577
137 699
-
-
withholding
10 714
27 653
-
-
total
10 714
27 653
-
-
Income
170 000
170 000
170 000
170 000
Total tax
54 007
59 954
73 452
58 127
After tax
115 993
110 046
96 548
111 873
Living cost
41 129
41 129
41 129
41 129
Free-cash
74 864
68 917
55 419
70 744

Estimated living cost  is ₽41129 per week

₽30814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽57524
₽5773
₽65216
₽36565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
regional
-
-
-
8 554
pensions
-
-
-
15 640
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.

-
-
-
3 401
city
-
-
-
1 791
health
-
-
-
383
national
-
-
-
3 051
total
-
-
-
32 820
Employee
84 216
-
152 160
-
city
904
-
1 634
-
unemployment
-
-
-
-
pensions
7 075
-
12 781
-
regional
2 758
-
7 365
-
health
190
-
342
-
national
399
-
2 225
-
total
11 326
-
24 347
-
Employer
84 216
-
152 160
-
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.

1 684
-
3 042
-
health
190
-
342
-
unemployment
-
-
-
-
pensions
7 075
-
12 781
-
total
8 949
-
16 165
-
Corporate
75 908
170 000
-
-
national
6 452
14 450
-
-
regional
16 054
35 955
-
-
total
22 506
50 405
-
-
Dividends
53 401
119 595
-
-
withholding
18 690
41 858
-
-
total
18 690
41 858
-
-
Income
170 000
170 000
170 000
170 000
Total tax
61 471
92 263
40 512
32 820
After tax
108 529
77 737
129 488
137 180
Living cost
71 964
71 964
71 964
71 964
Free-cash
36 565
5 773
57 524
65 216

Estimated living cost  is ₽71964 per week

₽46797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽883
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽17825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽66074
₽43076
₽44037
₽57552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income

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

-
-
-
53 962
trade
-
-
-
22 037
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.

-
-
-
6 099
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.

-
-
-
2 968
total
-
-
-
85 066
Employee

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

53 652
-
170 000
-
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.

347
-
2 968
-
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.

6 099
-
6 099
-
income

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

6 309
-
53 962
-
total
12 755
-
63 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
116 348
170 000
-
-
income
17 451
25 500
-
-
trade
19 954
29 154
-
-
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.

961
1 403
-
-
chamber of commerce
300
374
-
-
total
38 666
56 431
-
-
Dividends
77 683
113 568
-
-
withholding
19 081
28 053
-
-
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.

1 049
1 543
-
-
total
20 130
29 596
-
-
Income
170 000
170 000
170 000
170 000
Total tax
71 551
86 027
63 029
85 066
After tax
98 449
83 973
106 971
84 934
Living cost
40 897
40 897
40 897
40 897
Free-cash
57 552
43 076
66 074
44 037

Estimated living cost  is ₽40897 per week

₽29869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61427
₽55136
₽65050
₽60411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
27 609
pensions
-
-
-
29 097
social contributions
-
-
-
4 844
other
-
-
-
5 270
health
-
-
-
7 586
surtax
-
-
-
-
total
-
-
-
74 406
Employee
38 208
-
131 019
-
surtax
-
-
-
-
pensions
4 320
-
9 340
-
social contributions
1 089
-
3 734
-
income
2 255
-
25 974
-
total
7 664
-
39 048
-
Employer
38 208
-
131 019
-
other
1 318
-
5 208
-
health
2 675
-
12 394
-
unemployment
1 547
-
5 306
-
social contributions
115
-
393
-
pensions
6 277
-
15 680
-
total
11 932
-
38 981
-
Corporate
119 860
170 000
-
-
income
33 561
47 600
-
-
surtax
-
-
-
-
total
33 561
47 600
-
-
Dividends
86 299
122 400
-
-
withholding
11 046
15 667
-
-
surtax
-
-
-
-
social contributions
14 842
21 053
-
-
total
25 888
36 720
-
-
Income
170 000
170 000
170 000
170 000
Total tax
79 045
84 320
78 029
74 406
After tax
90 955
85 680
91 971
95 594
Living cost
30 544
30 544
30 544
30 544
Free-cash
60 411
55 136
61 427
65 050

Estimated living cost  is ₽30544 per week

₽19259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64454
₽58163
₽68077
₽63122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
27 609
pensions
-
-
-
29 097
social contributions
-
-
-
4 844
other
-
-
-
5 270
health
-
-
-
7 586
surtax
-
-
-
-
total
-
-
-
74 406
Employee
34 106
-
131 019
-
surtax
-
-
-
-
pensions
3 858
-
9 340
-
social contributions
972
-
3 734
-
income
1 759
-
25 974
-
total
6 589
-
39 048
-
Employer
34 106
-
131 019
-
other
1 177
-
5 208
-
health
2 387
-
12 394
-
unemployment
1 381
-
5 306
-
social contributions
102
-
393
-
pensions
5 604
-
15 680
-
total
10 651
-
38 981
-
Corporate
125 243
170 000
-
-
income
35 069
47 600
-
-
surtax
-
-
-
-
total
35 069
47 600
-
-
Dividends
90 174
122 400
-
-
withholding
11 542
15 667
-
-
surtax
-
-
-
-
social contributions
15 510
21 053
-
-
total
27 052
36 720
-
-
Income
170 000
170 000
170 000
170 000
Total tax
79 361
84 320
78 029
74 406
After tax
90 639
85 680
91 971
95 594
Living cost
27 517
27 517
27 517
27 517
Free-cash
63 122
58 163
64 454
68 077

Estimated living cost  is ₽27517 per week

₽15959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2795
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.
₽8242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86364
₽84786
₽90244
₽85248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
25 500
social contributions
-
-
-
23 460
health
-
-
-
11 866
total
-
-
-
60 826
Employee
30 269
-
170 000
-
social contributions
4 178
-
23 460
-
health
2 113
-
11 866
-
income
5 049
-
29 380
-
total
11 340
-
64 706
-
Employer
30 269
-
170 000
-
total
-
-
-
-
Corporate
139 731
170 000
-
-
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%.

6 987
8 500
-
-
total
6 987
8 500
-
-
Dividends
132 744
161 500
-
-
withholding
19 911
24 225
-
-
health
9 265
11 273
-
-
social contributions
18 319
22 286
-
-
total
47 495
57 784
-
-
Income
170 000
170 000
170 000
170 000
Total tax
65 822
66 284
64 706
60 826
After tax
104 178
103 716
105 294
109 174
Living cost
18 930
18 930
18 930
18 930
Free-cash
85 248
84 786
86 364
90 244

Estimated living cost  is ₽18930 per week

₽12669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽435
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽13435
₽62485
₽55830
₽61104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 110
pensions
-
-
-
19 295
unemployment
-
-
-
5 475
health
-
-
-
7 978
chamber of commerce
-
-
-
679
surtax
-
-
-
176
total
-
-
-
82 713
Employee
44 615
35 577
137 393
-
unemployment
1 338
1 067
3 129
-
pensions
4 569
3 642
10 680
-
health
1 726
1 377
4 035
-
other
446
356
1 044
-
income
5 079
2 624
40 111
-
total
13 158
9 066
58 999
-
Employer
44 615
35 577
137 393
-
surtax
176
176
176
-
accident
579
463
1 355
-
other
2 119
1 689
6 245
-
health
1 686
1 345
3 942
-
unemployment
1 338
1 067
3 129
-
chamber of commerce
178
142
549
-
payroll
1 338
1 067
4 122
-
pensions
5 599
4 466
13 089
-
total
13 013
10 415
32 607
-
Corporate
112 370
124 007
134 005
-
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.

28 092
31 001
33 502
-
total
28 092
31 001
33 502
-
Dividends
84 278
93 006
-
-
withholding
23 176
25 576
-
-
total
23 176
25 576
-
-
Income
170 000
170 000
170 000
170 000
Total tax
77 439
76 058
125 108
82 713
After tax
92 561
93 942
44 892
87 287
Living cost
31 457
31 457
31 457
31 457
Free-cash
61 104
62 485
13 435
55 830

Estimated living cost  is ₽31457 per week

₽20980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26591
₽62462
₽41235
₽49109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
communal

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

-
-
-
8 864
social contributions
-
-
-
22 257
national
-
-
-
65 094
total
-
-
-
96 215
Employee

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

63 858
-
131 672
-
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.

556
-
1 145
-
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.

4 789
-
9 875
-
communal

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

3 331
-
6 868
-
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.

3 000
-
6 189
-
national
19 633
-
48 454
-
total
31 309
-
72 531
-
Employer

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

63 858
-
131 672
-
surtax
7 241
-
14 932
-
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.

830
-
1 711
-
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.

3 927
-
8 096
-
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.

932
-
1 923
-
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.

5 658
-
11 666
-
total
18 588
-
38 328
-
Corporate
87 554
170 000
-
-
income
17 511
34 052
-
-
surtax
351
681
-
-
total
17 862
34 733
-
-
Dividends
69 692
135 267
-
-
withholding

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

20 582
40 255
-
-
total
20 582
40 255
-
-
Income
170 000
170 000
170 000
170 000
Total tax
88 341
74 988
110 859
96 215
After tax
81 659
95 012
59 141
73 785
Living cost
32 550
32 550
32 550
32 550
Free-cash
49 109
62 462
26 591
41 235

Estimated living cost  is ₽32550 per week

₽20967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59275
₽80921
₽63021
₽74805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 915
pensions
-
-
-
23 416
other
-
-
-
83
unemployment
-
-
-
579
accident
-
-
-
745
total
-
-
-
74 738
Employee
44 438
-
143 621
-
unemployment
690
-
1 282
-
pensions
2 089
-
3 890
-
other
44
-
83
-
income
9 376
-
46 851
-
total
12 199
-
52 106
-
Employer
44 438
-
143 621
-
accident
879
-
1 638
-
other
354
-
662
-
unemployment
2 445
-
4 550
-
pensions
10 487
-
19 528
-
total
14 165
-
26 378
-
Corporate
111 397
170 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

16 709
25 500
-
-
total
16 709
25 500
-
-
Dividends
94 688
144 500
-
-
withholding
19 881
31 338
-
-
total
19 881
31 338
-
-
Income
170 000
170 000
170 000
170 000
Total tax
62 954
56 838
78 484
74 738
After tax
107 046
113 162
91 516
95 262
Living cost
32 241
32 241
32 241
32 241
Free-cash
74 805
80 921
59 275
63 021

Estimated living cost  is ₽32241 per week

₽23742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40883
₽50008
₽34107
₽38180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
29 347
communal
-
-
-
10 744
pensions
-
-
-
25 482
accident
-
-
-
1 433
health
-
-
-
11 944
surtax
-
-
-
8 428
total
-
-
-
87 378
Employee
67 606
-
151 852
-
surtax
4 144
-
9 306
-
pensions
5 408
-
12 149
-
health
3 009
-
6 758
-
income
6 530
-
34 241
-
total
19 091
-
62 454
-
Employer
67 606
-
151 852
-
accident
608
-
1 367
-
health
2 062
-
4 632
-
pensions
5 408
-
12 149
-
total
8 078
-
18 148
-
Corporate
94 316
170 000
-
-
income
14 148
25 500
-
-
surtax
991
1 786
-
-
communal
6 367
11 474
-
-
total
21 506
38 760
-
-
Dividends
72 810
131 240
-
-
income
23 708
13 031
-
-
withholding
10 922
19 686
-
-
total
34 630
32 717
-
-
Income
170 000
170 000
170 000
170 000
Total tax
83 305
71 477
80 602
87 378
After tax
86 695
98 523
89 398
82 622
Living cost
48 515
48 515
48 515
48 515
Free-cash
38 180
50 008
40 883
34 107

Estimated living cost  is ₽48515 per week

₽36394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54767
₽86879
₽60226
₽84038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 342
pensions
-
-
-
23 830
other
-
-
-
-
unemployment
-
-
-
203
health
-
-
-
8 459
surtax
-
-
-
7 888
total
-
-
-
89 722
Employee
30 064
-
144 920
-
unemployment
2 092
-
8 293
-
surtax
107
-
6 821
-
pensions
2 006
-
7 947
-
health
767
-
3 038
-
other
-
-
-
-
income
5 040
-
44 002
-
total
10 012
-
70 101
-
Employer
30 064
-
144 920
-
other
-
-
-
-
health
1 367
-
5 421
-
unemployment
954
-
3 776
-
pensions
4 008
-
15 883
-
total
6 329
-
25 080
-
Corporate
133 606
170 000
-
-
income
34 738
44 200
-
-
total
34 738
44 200
-
-
Dividends
98 868
125 800
-
-
withholding
14 831
18 869
-
-
total
14 831
18 869
-
-
Income
170 000
170 000
170 000
170 000
Total tax
65 910
63 069
95 181
89 722
After tax
104 090
106 931
74 819
80 278
Living cost
20 052
20 052
20 052
20 052
Free-cash
84 038
86 879
54 767
60 226

Estimated living cost  is ₽20052 per week

₽12106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1743
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.
₽5738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48270
₽65307
₽55911
₽63325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
regional
-
-
-
2 564
social contributions
-
-
-
43 724
municipal
-
-
-
1 010
national
-
-
-
42 743
total
-
-
-
90 041
Employee
49 522
-
170 000
-
municipal
263
-
901
-
social contributions
16 699
-
57 325
-
regional
667
-
2 288
-
national
7 846
-
37 168
-
total
25 475
-
97 682
-
Employer
49 522
-
170 000
-
total
-
-
-
-
Corporate
120 478
170 000
-
-
nationa
28 916
40 800
-
-
municipal
5 987
8 449
-
-
total
34 903
49 249
-
-
Dividends
85 576
120 751
-
-
withholding
22 249
31 396
-
-
total
22 249
31 396
-
-
Income
170 000
170 000
170 000
170 000
Total tax
82 627
80 645
97 682
90 041
After tax
87 373
89 355
72 318
79 959
Living cost
24 048
24 048
24 048
24 048
Free-cash
63 325
65 307
48 270
55 911

Estimated living cost  is ₽24048 per week

₽14956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2436
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.
₽6245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62588
₽89564
₽69881
₽79761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
17 244
solidarity contribution
-
-
-
354
social contributions
-
-
-
32 090
health
-
-
-
22 950
total
-
-
-
72 638
Employee
40 413
-
130 757
-
social contributions
2 627
-
7 143
-
solidarity contribution
-
-
-
-
health
5 456
-
17 652
-
income
4 849
-
15 894
-
total
12 932
-
40 689
-
Employer
40 413
-
130 757
-
health
3 637
-
11 768
-
social contributions
10 103
-
27 474
-
total
13 740
-
39 242
-
Corporate
115 847
170 000
-
-
income
22 011
32 300
-
-
total
22 011
32 300
-
-
Dividends
93 836
137 700
-
-
withholding
14 075
20 655
-
-
total
14 075
20 655
-
-
Income
170 000
170 000
170 000
170 000
Total tax
62 758
52 955
79 931
72 638
After tax
107 242
117 045
90 069
97 362
Living cost
27 481
27 481
27 481
27 481
Free-cash
79 761
89 564
62 588
69 881

Estimated living cost  is ₽27481 per week

₽20436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1522
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.
₽5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16456
₽65554
₽58981
₽65112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 110
pensions
-
-
-
19 295
unemployment
-
-
-
5 475
health
-
-
-
7 978
chamber of commerce
-
-
-
679
surtax
-
-
-
-
total
-
-
-
82 537
Employee
39 024
35 577
137 555
-
unemployment
1 171
1 067
3 129
-
pensions
3 996
3 642
10 680
-
health
1 509
1 377
4 035
-
other
390
356
1 044
-
income
3 476
2 624
40 188
-
total
10 542
9 066
59 076
-
Employer
39 024
35 577
137 555
-
surtax
-
-
-
-
accident
507
463
1 355
-
other
1 853
1 689
6 251
-
health
1 476
1 345
3 942
-
unemployment
1 171
1 067
3 129
-
chamber of commerce
156
142
551
-
payroll
1 171
1 067
4 127
-
pensions
4 898
4 466
13 089
-
total
11 232
10 239
32 444
-
Corporate
119 745
124 184
134 167
-
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.

29 935
31 045
33 542
-
total
29 935
31 045
33 542
-
Dividends
89 810
93 138
-
-
withholding
24 697
25 614
-
-
total
24 697
25 614
-
-
Income
170 000
170 000
170 000
170 000
Total tax
76 406
75 964
125 062
82 537
After tax
93 594
94 036
44 938
87 463
Living cost
28 482
28 482
28 482
28 482
Free-cash
65 112
65 554
16 456
58 981

Estimated living cost  is ₽28482 per week

₽17085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124087
₽149587
₽156387
₽147354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
170 000
microenterprise

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

-
-
-
1 700
total
-
-
-
1 700
Employee
14 891
-
170 000
-
income
2 978
-
34 000
-
total
2 978
-
34 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

155 109
170 000
-
-
total
-
-
-
-
Dividends
155 109
170 000
-
-
withholding
7 755
8 500
-
-
total
7 755
8 500
-
-
Income
170 000
170 000
170 000
170 000
Total tax
10 733
8 500
34 000
1 700
After tax
159 267
161 500
136 000
168 300
Living cost
11 913
11 913
11 913
11 913
Free-cash
147 354
149 587
124 087
156 387

Estimated living cost  is ₽11913 per week

₽8062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53933
₽93099
₽58233
₽85632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
39 789
pensions
-
-
-
31 047
unemployment
-
-
-
256
health
-
-
-
16 730
total
-
-
-
87 822
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.

39 477
-
147 097
-
unemployment
56
-
207
-
pensions
6 119
-
22 800
-
health
2 550
-
9 502
-
income
6 808
-
36 710
-
total
15 533
-
69 219
-
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.

39 477
-
147 097
-
health
2 629
-
9 797
-
unemployment
24
-
88
-
pensions
3 493
-
13 018
-
total
6 146
-
22 903
-
Corporate
124 376
170 000
-
-
income
23 632
32 301
-
-
total
23 632
32 301
-
-
Dividends
100 745
137 699
-
-
withholding
15 112
20 655
-
-
total
15 112
20 655
-
-
Income
170 000
170 000
170 000
170 000
Total tax
60 423
52 956
92 122
87 822
After tax
109 577
117 044
77 878
82 178
Living cost
23 945
23 945
23 945
23 945
Free-cash
85 632
93 099
53 933
58 233

Estimated living cost  is ₽23945 per week

₽16433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽117499
₽63194
₽77250
₽18841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
33 136
social contributions
-
-
-
19 380
total
-
-
-
52 516
Employee
57 689
-
-
-
social contributions
4 731
-
674
-
income
12 725
-
-
-
total
17 456
-
674
-
Employer
57 689
-
-
-
social contributions
81 342
-
11 593
-
total
81 342
-
11 593
-
Corporate
30 969
170 000
-
-
income
6 813
37 400
-
-
total
6 813
37 400
-
-
Dividends
24 156
132 600
-
-
income
5 314
29 172
-
-
total
5 314
29 172
-
-
Income
170 000
170 000
170 000
170 000
Total tax
110 925
66 572
12 267
52 516
After tax
59 075
103 428
157 733
117 484
Living cost
40 234
40 234
40 234
40 234
Free-cash
18 841
63 194
117 499
77 250

Estimated living cost  is ₽40234 per week

₽26105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽49334
₽68694
₽62223
₽67797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
20 700
social contributions

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

-
-
-
59 075
surtax
-
-
-
-
total
-
-
-
79 775
Employee
41 059
-
137 374
-
surtax
-
-
-
-
social contributions
4 517
-
15 112
-
income
8 540
-
44 926
-
total
13 057
-
60 038
-
Employer
41 059
-
137 374
-
social contributions
9 751
-
32 626
-
total
9 751
-
32 626
-
Corporate
119 189
170 000
-
-
income
25 029
35 701
-
-
surtax
-
-
-
-
total
25 029
35 701
-
-
Dividends
94 160
134 299
-
-
withholding
26 364
37 603
-
-
total
26 364
37 603
-
-
Income
170 000
170 000
170 000
170 000
Total tax
74 201
73 304
92 664
79 775
After tax
95 799
96 696
77 336
90 225
Living cost
28 002
28 002
28 002
28 002
Free-cash
67 797
68 694
49 334
62 223

Estimated living cost  is ₽28002 per week

₽20951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48853
₽42562
₽52476
₽48700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
27 609
pensions
-
-
-
29 097
social contributions
-
-
-
4 844
other
-
-
-
5 270
health
-
-
-
7 586
surtax
-
-
-
-
total
-
-
-
74 406
Employee
55 914
-
131 019
-
surtax
-
-
-
-
pensions
6 324
-
9 340
-
social contributions
1 592
-
3 734
-
income
4 879
-
25 974
-
total
12 795
-
39 048
-
Employer
55 914
-
131 019
-
other
1 930
-
5 208
-
health
3 913
-
12 394
-
unemployment
2 265
-
5 306
-
social contributions
168
-
393
-
pensions
9 187
-
15 680
-
total
17 463
-
38 981
-
Corporate
96 623
170 000
-
-
income
27 054
47 600
-
-
surtax
-
-
-
-
total
27 054
47 600
-
-
Dividends
69 569
122 400
-
-
withholding
8 904
15 667
-
-
surtax
-
-
-
-
social contributions
11 966
21 053
-
-
total
20 870
36 720
-
-
Income
170 000
170 000
170 000
170 000
Total tax
78 182
84 320
78 029
74 406
After tax
91 818
85 680
91 971
95 594
Living cost
43 118
43 118
43 118
43 118
Free-cash
48 700
42 562
48 853
52 476

Estimated living cost  is ₽43118 per week

₽29182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102443
₽126164
₽97926
₽123166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
7 839
social contributions
-
-
-
37 400
total
-
-
-
45 239
Employee
28 701
-
147 185
-
income
-
-
8 340
-
social contributions
1 865
-
9 567
-
total
1 865
-
17 907
-
Employer
28 701
-
147 185
-
social contributions
4 449
-
22 815
-
total
4 449
-
22 815
-
Corporate
136 851
170 000
-
-
income
13 685
17 001
-
-
total
13 685
17 001
-
-
Dividends
123 165
152 999
-
-
total
-
-
-
-
Income
170 000
170 000
170 000
170 000
Total tax
19 999
17 001
40 722
45 239
After tax
150 001
152 999
129 278
124 761
Living cost
26 835
26 835
26 835
26 835
Free-cash
123 166
126 164
102 443
97 926

Estimated living cost  is ₽26835 per week

₽17351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽24052
-₽24052
₽56611
-₽24052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
pensions
-
-
-
772
labour market
-
-
-
13 538
municipal
-
-
-
35 801
national
-
-
-
20 384
total
-
-
-
70 495
Employee
181 044
181 044
181 044
-
municipal
38 552
38 552
38 552
-
labour market
14 463
14 463
14 463
-
pensions
257
257
257
-
national
22 118
22 118
22 118
-
total
75 390
75 390
75 390
-
Employer
181 044
181 044
181 044
-
municipal
38 614
38 614
38 614
-
national
22 156
22 156
22 156
-
labour market
14 483
14 483
14 483
-
pensions
515
515
515
-
total
75 768
75 768
75 768
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
170 000
170 000
170 000
170 000
Total tax
151 158
151 158
151 158
70 495
After tax
18 842
18 842
18 842
99 505
Living cost
42 894
42 894
42 894
42 894
Free-cash
-24 052
-24 052
-24 052
56 611

Estimated living cost  is ₽42894 per week

₽29357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽660
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73363
-₽5639
₽96759
₽10792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
47 595
pensions
-
-
-
3 726
other
-
-
-
332
accident
-
-
-
226
health
-
-
-
1 953
total
-
-
-
53 832
Employee
30 531
-
153 799
-
pensions
3 438
-
6 832
-
health
3 496
-
17 610
-
income
4 189
-
36 585
-
total
11 123
-
61 027
-
Employer
30 531
-
153 799
-
accident
510
-
2 568
-
unemployment
748
-
3 768
-
pensions
4 964
-
9 865
-
total
6 222
-
16 201
-
Corporate
133 246
170 000
-
-
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.

119 922
153 000
-
-
total
119 922
153 000
-
-
Dividends
13 325
17 000
-
-
withholding
2 532
3 230
-
-
total
2 532
3 230
-
-
Income
170 000
170 000
170 000
170 000
Total tax
139 799
156 230
77 228
53 832
After tax
30 201
13 770
92 772
116 168
Living cost
19 409
19 409
19 409
19 409
Free-cash
10 792
-5 639
73 363
96 759

Estimated living cost  is ₽19409 per week

₽14127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1106
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.
₽3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54051
₽71460
₽73521
₽74008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
170 000
health
-
-
-
2 245
municipal
-
-
-
30 196
national
-
-
-
29 763
total
-
-
-
62 204
Employee
46 969
-
143 014
-
unemployment
705
-
2 145
-
municipal
7 693
-
23 289
-
pensions
3 170
-
9 653
-
health
351
-
1 830
-
national
776
-
17 772
-
total
12 695
-
54 689
-
Employer
46 969
-
143 014
-
accident
47
-
142
-
health
361
-
1 101
-
unemployment
305
-
930
-
pensions
8 149
-
24 812
-
total
8 862
-
26 985
-
Corporate
114 169
170 000
-
-
income
22 834
34 000
-
-
total
22 834
34 000
-
-
Dividends

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

68 502
102 000
-
-
municipal
12 330
18 359
-
-
national
4 996
11 906
-
-
total
17 326
30 265
-
-
Income
170 000
170 000
170 000
170 000
Total tax
61 717
64 265
81 674
62 204
After tax
108 283
105 735
88 326
107 796
Living cost
34 275
34 275
34 275
34 275
Free-cash
74 008
71 460
54 051
73 521

Estimated living cost  is ₽34275 per week

₽22388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3297
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.
₽8045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93427
₽103307
₽94889
₽98447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
35 663
social contributions
-
-
-
14 444
health
-
-
-
4 335
total
-
-
-
54 442
Employee
68 647
68 647
159 368
-
social contributions
2 595
5 697
7 685
-
health
532
1 167
2 709
-
income
7 475
6 355
34 877
-
total
10 602
13 219
45 271
-
Employer
68 647
68 647
159 368
-
health
578
1 271
2 948
-
social contributions
2 595
5 697
7 685
-
total
3 173
6 968
10 633
-
Corporate
135 556
94 385
-
-
income
16 945
11 798
-
-
total
16 945
11 798
-
-
Dividends
118 611
82 587
-
-
withholding
20 164
14 039
-
-
total
20 164
14 039
-
-
Income
170 000
170 000
170 000
170 000
Total tax
50 884
46 024
55 904
54 442
After tax
119 116
123 976
114 096
115 558
Living cost
20 669
20 669
20 669
20 669
Free-cash
98 447
103 307
93 427
94 889

Estimated living cost  is ₽20669 per week

₽12388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111583
₽126604
₽129489
₽122061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
170 000
income
-
-
-
17 402
pensions
-
-
-
5 679
unemployment
-
-
-
25
health
-
-
-
3 231
total
-
-
-
26 337
Employee

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

20 491
-
161 275
-
unemployment
102
-
424
-
pensions
3 073
-
12 706
-
health
1 742
-
7 200
-
income
1 401
-
15 188
-
total
6 318
-
35 518
-
Employer

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

20 491
-
161 275
-
health
881
-
3 642
-
unemployment
102
-
424
-
pensions
1 127
-
4 659
-
total
2 110
-
8 725
-
Corporate
147 399
170 000
-
-
income
13 265
15 300
-
-
total
13 265
15 300
-
-
Dividends
134 134
154 700
-
-
withholding
12 072
13 922
-
-
total
12 072
13 922
-
-
Income
170 000
170 000
170 000
170 000
Total tax
33 765
29 222
44 243
26 337
After tax
136 235
140 778
125 757
143 663
Living cost
14 174
14 174
14 174
14 174
Free-cash
122 061
126 604
111 583
129 489

Estimated living cost  is ₽14174 per week

₽9043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽422
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66967
₽88613
₽70713
₽84671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 915
pensions
-
-
-
23 416
other
-
-
-
83
unemployment
-
-
-
579
accident
-
-
-
745
total
-
-
-
74 738
Employee
33 010
-
143 621
-
unemployment
512
-
1 282
-
pensions
1 552
-
3 890
-
other
32
-
83
-
income
6 364
-
46 851
-
total
8 460
-
52 106
-
Employer
33 010
-
143 621
-
accident
654
-
1 638
-
other
264
-
662
-
unemployment
1 816
-
4 550
-
pensions
7 790
-
19 528
-
total
10 524
-
26 378
-
Corporate
126 466
170 000
-
-
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.

18 969
25 500
-
-
total
18 969
25 500
-
-
Dividends
107 497
144 500
-
-
withholding
22 827
31 338
-
-
total
22 827
31 338
-
-
Income
170 000
170 000
170 000
170 000
Total tax
60 780
56 838
78 484
74 738
After tax
109 220
113 162
91 516
95 262
Living cost
24 549
24 549
24 549
24 549
Free-cash
84 671
88 613
66 967
70 713

Estimated living cost  is ₽24549 per week

₽16570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107872
₽104495
₽107985
₽104235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
58 436
pensions
-
-
-
1 156
health
-
-
-
838
total
-
-
-
60 430
Employee
2 415
-
168 699
-
unemployment
24
-
58
-
pensions
217
-
520
-
health
121
-
289
-
income
467
-
58 375
-
total
829
-
59 242
-
Employer
2 415
-
168 699
-
health
229
-
549
-
unemployment
48
-
116
-
pensions
266
-
636
-
total
543
-
1 301
-
Corporate
167 042
170 000
-
-
income
36 749
37 400
-
-
total
36 749
37 400
-
-
Dividends
130 293
132 600
-
-
withholding
26 059
26 520
-
-
total
26 059
26 520
-
-
Income
170 000
170 000
170 000
170 000
Total tax
64 180
63 920
60 543
60 430
After tax
105 820
106 080
109 457
109 570
Living cost
1 585
1 585
1 585
1 585
Free-cash
104 235
104 495
107 872
107 985

Estimated living cost  is ₽1585 per week

₽942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽129
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽36
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90911
₽107411
₽90911
₽103026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
38 777
pensions
-
-
-
17 126
unemployment
-
-
-
988
health
-
-
-
6 784
total
-
-
-
63 675
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.

23 243
-
158 210
-
unemployment
174
-
494
-
pensions
3 254
-
9 222
-
health
1 197
-
3 392
-
income
3 204
-
38 777
-
total
7 829
-
51 885
-
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.

23 243
-
158 210
-
health
1 197
-
3 392
-
unemployment
174
-
494
-
pensions
2 789
-
7 904
-
total
4 160
-
11 790
-
Corporate
142 597
170 000
-
-
income
21 390
25 500
-
-
total
21 390
25 500
-
-
Dividends
121 207
144 500
-
-
withholding
18 181
21 675
-
-
total
18 181
21 675
-
-
Income
170 000
170 000
170 000
170 000
Total tax
51 560
47 175
63 675
63 675
After tax
118 440
122 825
106 325
106 325
Living cost
15 414
15 414
15 414
15 414
Free-cash
103 026
107 411
90 911
90 911

Estimated living cost  is ₽15414 per week

₽10378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53268
₽72628
₽66157
₽72307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
20 700
social contributions

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

-
-
-
59 075
surtax
-
-
-
-
total
-
-
-
79 775
Employee
34 649
-
137 374
-
surtax
-
-
-
-
social contributions
3 812
-
15 112
-
income
6 770
-
44 926
-
total
10 582
-
60 038
-
Employer
34 649
-
137 374
-
social contributions
8 228
-
32 626
-
total
8 228
-
32 626
-
Corporate
127 122
170 000
-
-
income
26 696
35 701
-
-
surtax
-
-
-
-
total
26 696
35 701
-
-
Dividends
100 426
134 299
-
-
withholding
28 119
37 603
-
-
total
28 119
37 603
-
-
Income
170 000
170 000
170 000
170 000
Total tax
73 625
73 304
92 664
79 775
After tax
96 375
96 696
77 336
90 225
Living cost
24 068
24 068
24 068
24 068
Free-cash
72 307
72 628
53 268
66 157

Estimated living cost  is ₽24068 per week

₽17046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽60141
₽81787
₽63887
₽75947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 915
pensions
-
-
-
23 416
other
-
-
-
83
unemployment
-
-
-
579
accident
-
-
-
745
total
-
-
-
74 738
Employee
43 115
-
143 621
-
unemployment
667
-
1 282
-
pensions
2 026
-
3 890
-
other
42
-
83
-
income
9 005
-
46 851
-
total
11 740
-
52 106
-
Employer
43 115
-
143 621
-
accident
854
-
1 638
-
other
346
-
662
-
unemployment
2 372
-
4 550
-
pensions
10 175
-
19 528
-
total
13 747
-
26 378
-
Corporate
113 138
170 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

16 970
25 500
-
-
total
16 970
25 500
-
-
Dividends
96 168
144 500
-
-
withholding
20 221
31 338
-
-
total
20 221
31 338
-
-
Income
170 000
170 000
170 000
170 000
Total tax
62 678
56 838
78 484
74 738
After tax
107 322
113 162
91 516
95 262
Living cost
31 375
31 375
31 375
31 375
Free-cash
75 947
81 787
60 141
63 887

Estimated living cost  is ₽31375 per week

₽22532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127346
₽129826
₽120560
₽124327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
25 500
pensions

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

-
-
-
4 665
unemployment
-
-
-
126
health
-
-
-
3 625
total
-
-
-
33 916
Employee
20 556
-
163 816
-
pensions

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

1 805
-
2 768
-
health
946
-
1 450
-
accident

We are using the highest rate at 1.1%.

226
-
347
-
income
2 056
-
16 381
-
total
5 033
-
20 946
-
Employer
20 556
-
163 816
-
accident

We are using the highest rate at 1.1%.

226
-
347
-
health
1 418
-
2 175
-
unemployment
123
-
189
-
pensions

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

2 265
-
3 473
-
total
4 032
-
6 184
-
Corporate
145 411
170 000
-
-
income
14 541
17 000
-
-
total
14 541
17 000
-
-
Dividends
130 871
153 000
-
-
withholding
6 543
7 650
-
-
total
6 543
7 650
-
-
Income
170 000
170 000
170 000
170 000
Total tax
30 149
24 650
27 130
33 916
After tax
139 851
145 350
142 870
136 084
Living cost
15 524
15 524
15 524
15 524
Free-cash
124 327
129 826
127 346
120 560

Estimated living cost  is ₽15524 per week

₽10267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3998
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72505
₽53003
₽54066
₽64680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income

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

-
-
-
53 962
trade
-
-
-
18 439
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.

-
-
-
6 099
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.

-
-
-
2 968
total
-
-
-
81 468
Employee

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

44 419
-
170 000
-
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.

202
-
2 968
-
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.

6 099
-
6 099
-
income

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

3 653
-
53 962
-
total
9 954
-
63 029
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
125 581
170 000
-
-
income
18 837
25 500
-
-
trade
18 021
24 396
-
-
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.

1 037
1 403
-
-
chamber of commerce
320
385
-
-
total
38 215
51 684
-
-
Dividends
87 366
118 317
-
-
withholding
21 502
29 239
-
-
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.

1 183
1 608
-
-
total
22 685
30 847
-
-
Income
170 000
170 000
170 000
170 000
Total tax
70 854
82 531
63 029
81 468
After tax
99 146
87 469
106 971
88 532
Living cost
34 466
34 466
34 466
34 466
Free-cash
64 680
53 003
72 505
54 066

Estimated living cost  is ₽34466 per week

₽23776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6482
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37244
₽68145
₽37244
₽70117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
53 244
social contributions
-
-
-
28 658
total
-
-
-
81 902
Employee
69 832
-
170 000
-
income
13 177
-
53 244
-
social contributions
5 802
-
28 658
-
total
18 979
-
81 902
-
Employer
69 832
-
170 000
-
total
-
-
-
-
Corporate
100 168
170 000
-
-
income
12 521
21 250
-
-
total
12 521
21 250
-
-
Dividends
87 646
148 750
-
-
withholding
17 529
29 751
-
-
total
17 529
29 751
-
-
Income
170 000
170 000
170 000
170 000
Total tax
49 029
51 001
81 902
81 902
After tax
120 971
118 999
88 098
88 098
Living cost
50 854
50 854
50 854
50 854
Free-cash
70 117
68 145
37 244
37 244

Estimated living cost  is ₽50854 per week

₽38689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87688
₽73377
₽106523
₽76496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
25 500
health

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

-
-
-
5 570
total
-
-
-
31 070
Employee
40 954
-
165 893
-
income
4 444
-
41 691
-
social contributions
4 103
-
4 107
-
total
8 547
-
45 798
-
Employer
40 954
-
165 893
-
social contributions
4 103
-
4 107
-
total
4 103
-
4 107
-
Corporate
124 943
170 000
-
-
income
43 731
59 500
-
-
total
43 731
59 500
-
-
Dividends
81 212
110 500
-
-
social contributions
4 716
4 716
-
-
total
4 716
4 716
-
-
Income
170 000
170 000
170 000
170 000
Total tax
61 097
64 216
49 905
31 070
After tax
108 903
105 784
120 095
138 930
Living cost
32 407
32 407
32 407
32 407
Free-cash
76 496
73 377
87 688
106 523

Estimated living cost  is ₽32407 per week

₽21346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63111
₽76609
₽78436
₽81941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
49 800
pensions
-
-
-
8 327
total
-
-
-
58 127
Employee
45 897
-
148 399
-
pensions
3 503
-
10 159
-
health
599
-
2 108
-
income
8 358
-
39 584
-
total
12 460
-
51 851
-
Employer
45 897
-
148 399
-
health
872
-
2 819
-
pensions
4 637
-
18 782
-
total
5 509
-
21 601
-
Corporate
118 594
170 000
-
-
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.

22 533
32 301
-
-
total
22 533
32 301
-
-
Dividends
96 061
137 699
-
-
withholding
14 120
27 653
-
-
total
14 120
27 653
-
-
Income
170 000
170 000
170 000
170 000
Total tax
54 622
59 954
73 452
58 127
After tax
115 378
110 046
96 548
111 873
Living cost
33 437
33 437
33 437
33 437
Free-cash
81 941
76 609
63 111
78 436

Estimated living cost  is ₽33437 per week

₽22937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3075
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽418
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽71442
-₽7560
₽94838
₽10498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
income
-
-
-
47 595
pensions
-
-
-
3 726
other
-
-
-
332
accident
-
-
-
226
health
-
-
-
1 953
total
-
-
-
53 832
Employee
33 554
-
153 799
-
pensions
3 778
-
6 832
-
health
3 842
-
17 610
-
income
4 603
-
36 585
-
total
12 223
-
61 027
-
Employer
33 554
-
153 799
-
accident
560
-
2 568
-
unemployment
822
-
3 768
-
pensions
5 456
-
9 865
-
total
6 838
-
16 201
-
Corporate
129 609
170 000
-
-
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.

116 648
153 000
-
-
total
116 648
153 000
-
-
Dividends
12 961
17 000
-
-
withholding
2 463
3 230
-
-
total
2 463
3 230
-
-
Income
170 000
170 000
170 000
170 000
Total tax
138 172
156 230
77 228
53 832
After tax
31 828
13 770
92 772
116 168
Living cost
21 330
21 330
21 330
21 330
Free-cash
10 498
-7 560
71 442
94 838

Estimated living cost  is ₽21330 per week

₽15654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1243
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110132
₽118009
₽90528
₽126843
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
170 000
income
-
-
-
28 225
pensions
-
-
-
26 232
unemployment
-
-
-
1 711
health insurance
-
-
-
10 550
work injury
-
-
-
713
total
-
-
-
67 431
Employee

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

19 266
-
170 000
-
unemployment
231
-
855
-
work injury
96
-
356
-
pensions
3 545
-
13 116
-
health insurance
1 426
-
5 275
-
income
1 927
-
28 225
-
total
7 225
-
47 827
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
150 734
170 000
-
-
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%.

1 507
17 000
-
-
total
1 507
17 000
-
-
Dividends
149 226
153 000
-
-
withholding
22 384
22 950
-
-
total
22 384
22 950
-
-
Income
170 000
170 000
170 000
170 000
Total tax
31 116
39 950
47 827
67 431
After tax
138 884
130 050
122 173
102 569
Living cost
12 042
12 042
12 042
12 042
Free-cash
126 843
118 009
110 132
90 528

Estimated living cost  is ₽12042 per week

₽7460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽376
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽35458
₽53978
₽42923
₽49919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
170 000
regional
-
-
-
3 908
social contributions
-
-
-
43 724
municipal
-
-
-
1 137
national
-
-
-
42 743
total
-
-
-
91 512
Employee
75 228
-
170 000
-
municipal
449
-
1 015
-
social contributions
25 366
-
57 325
-
regional
1 136
-
3 469
-
national
12 713
-
37 168
-
total
39 664
-
98 977
-
Employer
75 228
-
170 000
-
total
-
-
-
-
Corporate
94 772
170 000
-
-
nationa
22 746
40 800
-
-
municipal
4 567
8 195
-
-
total
27 313
48 995
-
-
Dividends
67 459
121 005
-
-
withholding
17 539
31 462
-
-
total
17 539
31 462
-
-
Income
170 000
170 000
170 000
170 000
Total tax
84 516
80 457
98 977
91 512
After tax
85 484
89 543
71 023
78 488
Living cost
35 565
35 565
35 565
35 565
Free-cash
49 919
53 978
35 458
42 923

Estimated living cost  is ₽35565 per week

₽24982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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