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
₽ 173000
per

Your estimated
City
free-cash

Dresden , Germany
₽56839
₽67948
₽59866
₽79758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
trade
-
-
-
19 892
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.

-
-
-
53 041
health

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

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

-
-
-
6 862
surtax

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

-
-
-
2 916
total
-
-
-
82 711
Employee

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

38 417
-
173 000
-
health

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

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

6 862
-
6 862
-
surtax

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

59
-
2 916
-
income

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

1 073
-
53 041
-
total
7 994
-
62 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
134 583
173 000
-
-
surtax

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

1 111
1 428
-
-
income
20 187
25 949
-
-
trade
21 198
27 248
-
-
chamber of commerce
345
400
-
-
total
42 841
55 025
-
-
Dividends
91 741
117 975
-
-
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.

1 241
1 601
-
-
withholding
22 553
29 112
-
-
total
23 794
30 713
-
-
Income
173 000
173 000
173 000
173 000
Total tax
74 629
85 738
62 819
82 711
After tax
98 371
87 262
110 181
90 289
Living cost
30 423
30 423
30 423
30 423
Free-cash
67 948
56 839
79 758
59 866

Estimated living cost  is ₽30423 per week

₽19137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₽57269
₽56426
₽51433
₽52559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
18 930
pensions
-
-
-
20 760
national
-
-
-
29 334
social contributions
-
-
-
1 860
total
-
-
-
70 884
Employee
78 568
-
149 557
-
municipal
9 704
-
19 600
-
pensions
3 143
-
5 982
-
national
15 038
-
30 603
-
total
27 885
-
56 185
-
Employer
78 568
-
149 557
-
social contributions
845
-
1 608
-
pensions
6 285
-
11 965
-
total
7 130
-
13 573
-
Corporate
82 117
173 000
-
-
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%.

16 423
34 600
-
-
total
16 423
34 600
-
-
Dividends
65 693
138 400
-
-
withholding
14 453
30 448
-
-
total
14 453
30 448
-
-
Income
173 000
173 000
173 000
173 000
Total tax
65 891
65 048
69 758
70 884
After tax
107 109
107 952
103 242
102 116
Living cost
50 683
50 683
50 683
50 683
Free-cash
56 426
57 269
52 559
51 433

Estimated living cost  is ₽50683 per week

₽34449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₽117505
₽109264
₽38466
₽51283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
microenterprise
-
-
-
-
income
-
-
-
31 039
surtax
-
-
-
44 115
social contributions

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

-
-
-
38 484
total
-
-
-
113 638
Employee
29 350
-
129 877
-
social contributions

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

3 229
-
13 167
-
surtax
-
-
18 832
-
income
5 225
-
25 699
-
total
8 454
-
57 698
-
Employer
29 350
-
129 877
-
social contributions

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

7 070
-
28 837
-
surtax
-
-
14 286
-
total
7 070
-
43 123
-
Corporate
136 580
173 000
-
-
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%.

27 316
34 599
-
-
total
27 316
34 599
-
-
Dividends

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

109 264
138 401
-
-
total
-
-
-
-
Income
173 000
173 000
173 000
173 000
Total tax
42 840
34 599
100 821
113 638
After tax
130 160
138 401
72 179
59 362
Living cost
20 896
20 896
20 896
20 896
Free-cash
109 264
117 505
51 283
38 466

Estimated living cost  is ₽20896 per week

₽13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₽43516
₽37362
₽53706
₽65583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
53 063
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
77 217
Employee
85 774
85 774
154 334
-
health
13 165
11 198
12 386
-
income

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

14 040
14 040
22 520
-
pensions
15 439
11 768
11 768
-
total
42 644
37 006
46 674
-
Employer
85 774
85 774
154 334
-
unemployment
3 088
3 088
3 837
-
pensions
5 970
5 970
7 420
-
health
5 962
5 962
7 409
-
total
15 020
15 020
18 666
-
Corporate
73 258
72 206
-
-
income
14 652
14 441
-
-
total
14 652
14 441
-
-
Dividends
58 606
57 766
-
-
income
12 454
12 275
-
-
withholding
8 791
8 665
-
-
total
21 245
20 940
-
-
Income
173 000
173 000
173 000
173 000
Total tax
93 561
87 407
65 340
77 217
After tax
79 439
85 593
107 660
95 783
Living cost
42 077
42 077
42 077
42 077
Free-cash
37 362
43 516
65 583
53 706

Estimated living cost  is ₽42077 per week

₽29819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽669
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₽55495
₽54621
₽49810
₽48864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
44 212
accident
-
-
-
171
pensions
-
-
-
9 231
other
-
-
-
9 923
unemployment
-
-
-
85
health
-
-
-
5 328
national
-
-
-
15 277
total
-
-
-
84 227
Employee
55 518
-
146 170
-
municipal
16 556
-
43 588
-
national
-
-
14 754
-
total
16 556
-
58 342
-
Employer
55 518
-
146 170
-
accident
111
-
171
-
other
6 451
-
9 923
-
unemployment
1 466
-
2 254
-
pensions
6 001
-
9 231
-
health
3 414
-
5 252
-
total
17 443
-
26 831
-
Corporate
100 038
173 000
-
-
income
22 008
38 060
-
-
total
22 008
38 060
-
-
Dividends
78 029
134 940
-
-
withholding
23 409
40 482
-
-
total
23 409
40 482
-
-
Income
173 000
173 000
173 000
173 000
Total tax
79 416
78 542
85 173
84 227
After tax
93 584
94 458
87 827
88 773
Living cost
38 963
38 963
38 963
38 963
Free-cash
54 621
55 495
48 864
49 810

Estimated living cost  is ₽38963 per week

₽25823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽46914
₽61027
₽49947
₽70723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
trade
-
-
-
20 776
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.

-
-
-
53 041
health

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

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

-
-
-
6 862
surtax

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

-
-
-
2 916
total
-
-
-
83 595
Employee

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

50 937
-
173 000
-
health

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

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

6 862
-
6 862
-
surtax

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

240
-
2 916
-
income

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

4 376
-
53 041
-
total
11 478
-
62 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
122 063
173 000
-
-
surtax

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

1 006
1 428
-
-
income
18 310
25 949
-
-
trade
20 079
28 458
-
-
chamber of commerce
326
398
-
-
total
39 721
56 233
-
-
Dividends
82 343
116 767
-
-
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.

1 111
1 584
-
-
withholding
20 205
28 811
-
-
total
21 316
30 395
-
-
Income
173 000
173 000
173 000
173 000
Total tax
72 515
86 628
62 819
83 595
After tax
100 485
86 372
110 181
89 405
Living cost
39 458
39 458
39 458
39 458
Free-cash
61 027
46 914
70 723
49 947

Estimated living cost  is ₽39458 per week

₽26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₽93637
₽89474
₽85863
₽84330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
33 896
health
-
-
-
4 411
social contributions
-
-
-
16 251
total
-
-
-
54 558
Employee
77 236
77 236
161 369
-
social contributions
3 753
6 410
8 646
-
health
768
1 313
2 743
-
income
8 110
7 150
33 071
-
total
12 631
14 873
44 460
-
Employer
77 236
77 236
161 369
-
social contributions
3 753
6 410
8 646
-
health
837
1 430
2 985
-
total
4 590
7 840
11 631
-
Corporate
123 200
87 925
-
-
income
15 399
10 991
-
-
total
15 399
10 991
-
-
Dividends
107 801
76 934
-
-
withholding
18 327
13 080
-
-
total
18 327
13 080
-
-
Income
173 000
173 000
173 000
173 000
Total tax
50 947
46 784
56 091
54 558
After tax
122 053
126 216
116 909
118 442
Living cost
32 579
32 579
32 579
32 579
Free-cash
89 474
93 637
84 330
85 863

Estimated living cost  is ₽32579 per week

₽22271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2545
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78962
₽79341
₽101617
₽82060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
21 149
pensions
-
-
-
17 300
unemployment
-
-
-
2 595
health
-
-
-
12 110
total
-
-
-
53 154
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.

26 314
10 473
144 770
-
health
1 842
733
10 134
-
income
3 217
1 280
17 698
-
pensions
2 631
1 047
14 477
-
unemployment
395
157
2 172
-
total
8 085
3 217
44 481
-
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.

26 314
10 473
144 770
-
pensions
5 131
2 042
28 230
-
total
5 131
2 042
28 230
-
Corporate
141 555
160 485
-
-
income
12 740
14 444
-
-
total
12 740
14 444
-
-
Dividends
128 815
146 042
-
-
social contributions
24 999
28 358
-
-
withholding
24 475
27 748
-
-
total
49 474
56 106
-
-
Income
173 000
173 000
173 000
173 000
Total tax
75 430
75 809
72 711
53 154
After tax
97 570
97 191
100 289
119 846
Living cost
18 229
18 229
18 229
18 229
Free-cash
79 341
78 962
82 060
101 617

Estimated living cost  is ₽18229 per week

₽12440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽114140
₽107898
₽68468
₽75455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
23 182
pensions
-
-
-
34 599
health
-
-
-
22 490
total
-
-
-
80 271
Employee
28 494
-
129 295
-
income
3 208
-
24 928
-
pensions
570
-
2 587
-
unemployment
456
-
2 068
-
total
4 234
-
29 583
-
Employer
28 494
-
129 295
-
unemployment
229
-
1 035
-
pensions
5 699
-
25 858
-
health
3 704
-
16 808
-
total
9 632
-
43 701
-
Corporate
134 875
173 000
-
-
income
26 975
34 599
-
-
total
26 975
34 599
-
-
Dividends
107 900
138 401
-
-
total
-
-
-
-
Income
173 000
173 000
173 000
173 000
Total tax
40 841
34 599
73 284
80 271
After tax
132 159
138 401
99 716
92 729
Living cost
24 261
24 261
24 261
24 261
Free-cash
107 898
114 140
75 455
68 468

Estimated living cost  is ₽24261 per week

₽16640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₽8032
₽10630
₽96232
₽71801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
253
income
-
-
-
47 745
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
54 723
Employee
34 678
-
155 552
-
health
3 971
-
17 811
-
income
4 758
-
36 249
-
pensions
3 905
-
7 645
-
total
12 634
-
61 705
-
Employer
34 678
-
155 552
-
accident
579
-
2 598
-
unemployment
850
-
3 811
-
pensions
5 639
-
11 040
-
total
7 068
-
17 449
-
Corporate
131 254
173 000
-
-
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.

118 129
155 700
-
-
total
118 129
155 700
-
-
Dividends
13 126
17 300
-
-
withholding
2 494
3 287
-
-
total
2 494
3 287
-
-
Income
173 000
173 000
173 000
173 000
Total tax
140 325
158 987
79 154
54 723
After tax
32 675
14 013
93 846
118 277
Living cost
22 045
22 045
22 045
22 045
Free-cash
10 630
-8 032
71 801
96 232

Estimated living cost  is ₽22045 per week

₽16157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₽155250
₽153544
₽162170
₽129300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
173 000
microenterprise

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

-
-
-
1 730
total
-
-
-
1 730
Employee
11 375
-
173 000
-
income
2 275
-
34 600
-
total
2 275
-
34 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

161 625
173 000
-
-
total
-
-
-
-
Dividends
161 625
173 000
-
-
withholding
8 081
8 650
-
-
total
8 081
8 650
-
-
Income
173 000
173 000
173 000
173 000
Total tax
10 356
8 650
34 600
1 730
After tax
162 644
164 350
138 400
171 270
Living cost
9 100
9 100
9 100
9 100
Free-cash
153 544
155 250
129 300
162 170

Estimated living cost  is ₽9100 per week

₽5639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₽100339
₽93556
₽69260
₽71377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
26 342
pensions

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

-
-
-
36 658
other
-
-
-
7 255
health
-
-
-
6 721
total
-
-
-
76 976
Employee
36 470
-
138 180
-
health
511
-
1 935
-
income
6 279
-
27 047
-
pensions

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

2 552
-
9 673
-
unemployment
364
-
1 382
-
total
9 706
-
40 037
-
Employer
36 470
-
138 180
-
accident
292
-
1 106
-
other
1 824
-
6 908
-
unemployment
364
-
1 382
-
pensions

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

6 201
-
23 491
-
health
511
-
1 935
-
total
9 192
-
34 822
-
Corporate
127 339
173 000
-
-
income
26 741
36 330
-
-
total
26 741
36 330
-
-
Dividends
100 599
136 670
-
-
withholding
7 041
9 567
-
-
total
7 041
9 567
-
-
Income
173 000
173 000
173 000
173 000
Total tax
52 680
45 897
74 859
76 976
After tax
120 320
127 103
98 141
96 024
Living cost
26 764
26 764
26 764
26 764
Free-cash
93 556
100 339
71 377
69 260

Estimated living cost  is ₽26764 per week

₽18910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽46543
₽48738
₽47898
₽32219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
49 048
pensions
-
-
-
8 952
total
-
-
-
58 000
Employee
94 939
-
151 160
-
health
1 564
-
2 206
-
income
17 114
-
38 594
-
pensions
9 159
-
11 038
-
total
27 837
-
51 838
-
Employer
94 939
-
151 160
-
pensions
11 210
-
18 968
-
health
1 803
-
2 873
-
total
13 013
-
21 841
-
Corporate
65 048
173 000
-
-
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.

12 359
32 871
-
-
total
12 359
32 871
-
-
Dividends
52 690
140 129
-
-
withholding
3 951
26 484
-
-
total
3 951
26 484
-
-
Income
173 000
173 000
173 000
173 000
Total tax
57 160
59 355
73 679
58 000
After tax
115 840
113 645
99 321
115 000
Living cost
67 102
67 102
67 102
67 102
Free-cash
48 738
46 543
32 219
47 898

Estimated living cost  is ₽67102 per week

₽50281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₽134747
₽130083
₽124516
₽131258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
25 950
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
35 316
Employee
17 436
-
166 117
-
health
802
-
1 614
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
income
1 743
-
16 611
-
pensions

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

1 531
-
3 080
-
total
4 268
-
21 691
-
Employer
17 436
-
166 117
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
unemployment
104
-
210
-
pensions

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

1 922
-
3 866
-
health
1 203
-
2 421
-
total
3 421
-
6 883
-
Corporate
152 143
173 000
-
-
income
15 214
17 300
-
-
total
15 214
17 300
-
-
Dividends
136 929
155 700
-
-
withholding
6 846
7 785
-
-
total
6 846
7 785
-
-
Income
173 000
173 000
173 000
173 000
Total tax
29 749
25 085
28 574
35 316
After tax
143 251
147 915
144 426
137 684
Living cost
13 168
13 168
13 168
13 168
Free-cash
130 083
134 747
131 258
124 516

Estimated living cost  is ₽13168 per week

₽7687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₽29896
₽32422
₽40086
₽51963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
53 063
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
77 217
Employee
93 123
85 774
154 334
-
health
11 618
11 198
12 386
-
income

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

14 040
14 040
22 520
-
pensions
11 768
11 768
11 768
-
total
37 426
37 006
46 674
-
Employer
93 123
85 774
154 334
-
unemployment
3 353
3 088
3 837
-
pensions
6 481
5 970
7 420
-
health
6 471
5 962
7 409
-
total
16 305
15 020
18 666
-
Corporate
63 572
72 206
-
-
income
12 714
14 441
-
-
total
12 714
14 441
-
-
Dividends
50 859
57 766
-
-
income
10 808
12 275
-
-
withholding
7 628
8 665
-
-
total
18 436
20 940
-
-
Income
173 000
173 000
173 000
173 000
Total tax
84 881
87 407
65 340
77 217
After tax
88 119
85 593
107 660
95 783
Living cost
55 697
55 697
55 697
55 697
Free-cash
32 422
29 896
51 963
40 086

Estimated living cost  is ₽55697 per week

₽41086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽95092
₽86522
₽73802
₽66176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
17 262
health
-
-
-
23 355
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 562
total
-
-
-
75 179
Employee
35 322
-
131 568
-
social contributions
2 296
-
7 694
-
health
4 768
-
17 762
-
solidarity contribution
-
-
-
-
income
4 239
-
15 917
-
total
11 303
-
41 373
-
Employer
35 322
-
131 568
-
social contributions
8 831
-
29 591
-
health
3 179
-
11 841
-
total
12 010
-
41 432
-
Corporate
125 668
173 000
-
-
income
23 877
32 870
-
-
total
23 877
32 870
-
-
Dividends
101 791
140 130
-
-
withholding
15 269
21 019
-
-
total
15 269
21 019
-
-
Income
173 000
173 000
173 000
173 000
Total tax
62 459
53 889
82 805
75 179
After tax
110 541
119 111
90 195
97 821
Living cost
24 019
24 019
24 019
24 019
Free-cash
86 522
95 092
66 176
73 802

Estimated living cost  is ₽24019 per week

₽16684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₽49919
₽44675
₽40529
₽32714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
1 027
regional
-
-
-
2 038
national
-
-
-
42 527
social contributions
-
-
-
44 496
total
-
-
-
90 088
Employee
89 267
-
173 000
-
social contributions
30 101
-
58 336
-
regional
842
-
1 798
-
municipal
473
-
917
-
national
15 468
-
36 852
-
total
46 884
-
97 903
-
Employer
89 267
-
173 000
-
total
-
-
-
-
Corporate
83 733
173 000
-
-
nationa
20 096
41 520
-
-
municipal
3 265
6 748
-
-
total
23 361
48 268
-
-
Dividends
60 372
124 732
-
-
withholding
15 697
32 430
-
-
total
15 697
32 430
-
-
Income
173 000
173 000
173 000
173 000
Total tax
85 942
80 698
97 903
90 088
After tax
87 058
92 302
75 097
82 912
Living cost
42 383
42 383
42 383
42 383
Free-cash
44 675
49 919
32 714
40 529

Estimated living cost  is ₽42383 per week

₽29544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9408
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86652
₽83525
₽59755
₽53603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
47 294
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
7 230
total
-
-
-
91 081
Employee
33 216
-
144 782
-
other
-
-
-
-
health
848
-
3 418
-
surtax
109
-
6 040
-
income
5 568
-
41 286
-
pensions
2 215
-
8 941
-
unemployment
2 312
-
9 330
-
total
11 052
-
69 015
-
Employer
33 216
-
144 782
-
other
-
-
-
-
unemployment
1 052
-
4 249
-
pensions
4 428
-
17 870
-
health
1 512
-
6 099
-
total
6 992
-
28 218
-
Corporate
132 793
173 000
-
-
income
34 527
44 980
-
-
total
34 527
44 980
-
-
Dividends
98 266
128 020
-
-
withholding
14 740
19 204
-
-
total
14 740
19 204
-
-
Income
173 000
173 000
173 000
173 000
Total tax
67 311
64 184
97 233
91 081
After tax
105 689
108 816
75 767
81 919
Living cost
22 164
22 164
22 164
22 164
Free-cash
83 525
86 652
53 603
59 755

Estimated living cost  is ₽22164 per week

₽13552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽67803
₽74433
₽69158
₽53479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
49 048
pensions
-
-
-
8 952
total
-
-
-
58 000
Employee
63 626
-
151 160
-
health
924
-
2 206
-
income
11 459
-
38 594
-
pensions
5 400
-
11 038
-
total
17 783
-
51 838
-
Employer
63 626
-
151 160
-
pensions
6 887
-
18 968
-
health
1 209
-
2 873
-
total
8 096
-
21 841
-
Corporate
101 278
173 000
-
-
income

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

19 244
32 871
-
-
total
19 244
32 871
-
-
Dividends
82 034
140 129
-
-
withholding
7 602
26 484
-
-
total
7 602
26 484
-
-
Income
173 000
173 000
173 000
173 000
Total tax
52 725
59 355
73 679
58 000
After tax
120 275
113 645
99 321
115 000
Living cost
45 842
45 842
45 842
45 842
Free-cash
74 433
67 803
53 479
69 158

Estimated living cost  is ₽45842 per week

₽34345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
₽2720
₽35405
₽63733
₽55752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
city
-
-
-
1 823
pensions
-
-
-
15 916
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.

-
-
-
3 461
regional
-
-
-
8 486
health
-
-
-
388
national
-
-
-
2 803
total
-
-
-
32 877
Employee
89 396
-
154 846
-
city
959
-
1 664
-
regional
2 927
-
7 310
-
health
202
-
349
-
pensions
7 510
-
13 006
-
unemployment
-
-
-
-
national
423
-
2 078
-
total
12 021
-
24 407
-
Employer
89 396
-
154 846
-
other

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

1 787
-
3 096
-
unemployment
-
-
-
-
pensions
7 510
-
13 006
-
health
202
-
349
-
total
9 499
-
16 451
-
Corporate
73 121
173 000
-
-
regional
15 464
36 589
-
-
national
6 216
14 705
-
-
total
21 680
51 294
-
-
Dividends
51 442
121 706
-
-
withholding
18 005
42 596
-
-
total
18 005
42 596
-
-
Income
173 000
173 000
173 000
173 000
Total tax
61 205
93 890
40 858
32 877
After tax
111 795
79 110
132 142
140 123
Living cost
76 390
76 390
76 390
76 390
Free-cash
35 405
2 720
55 752
63 733

Estimated living cost  is ₽76390 per week

₽49675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6855
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽938
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18921
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽39468
₽55756
₽42507
₽64168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
trade
-
-
-
21 661
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.

-
-
-
53 041
health

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

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

-
-
-
6 862
surtax

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

-
-
-
2 916
total
-
-
-
84 480
Employee

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

60 364
-
173 000
-
health

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

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

6 862
-
6 862
-
surtax

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

391
-
2 916
-
income

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

7 098
-
53 041
-
total
14 351
-
62 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
112 636
173 000
-
-
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.

930
1 428
-
-
income
16 896
25 949
-
-
trade
19 316
29 670
-
-
chamber of commerce
311
396
-
-
total
37 453
57 443
-
-
Dividends
75 183
115 556
-
-
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.

1 012
1 569
-
-
withholding
18 415
28 507
-
-
total
19 427
30 076
-
-
Income
173 000
173 000
173 000
173 000
Total tax
71 231
87 519
62 819
84 480
After tax
101 769
85 481
110 181
88 520
Living cost
46 013
46 013
46 013
46 013
Free-cash
55 756
39 468
64 168
42 507

Estimated living cost  is ₽46013 per week

₽33606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8129
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52828
₽58758
₽63188
₽61130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
26 740
pensions
-
-
-
31 222
other
-
-
-
5 364
health
-
-
-
7 192
surtax
-
-
-
-
social contributions
-
-
-
4 929
total
-
-
-
75 447
Employee
42 988
-
134 274
-
social contributions
1 226
-
3 826
-
surtax
-
-
-
-
income
2 537
-
25 775
-
pensions
4 861
-
9 178
-
total
8 624
-
38 779
-
Employer
42 988
-
134 274
-
other
1 483
-
5 170
-
social contributions
130
-
402
-
unemployment
1 740
-
5 438
-
pensions
7 062
-
15 480
-
health
3 010
-
12 236
-
total
13 425
-
38 726
-
Corporate
116 588
173 000
-
-
surtax
-
-
-
-
income
32 644
48 439
-
-
total
32 644
48 439
-
-
Dividends
83 944
124 561
-
-
surtax
-
-
-
-
social contributions
14 439
21 424
-
-
withholding
10 745
15 944
-
-
total
25 184
37 368
-
-
Income
173 000
173 000
173 000
173 000
Total tax
79 877
85 807
77 505
75 447
After tax
93 123
87 193
95 495
97 553
Living cost
34 365
34 365
34 365
34 365
Free-cash
58 758
52 828
61 130
63 188

Estimated living cost  is ₽34365 per week

₽21668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₽56233
₽61811
₽66593
₽64535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
26 740
pensions
-
-
-
31 222
other
-
-
-
5 364
health
-
-
-
7 192
surtax
-
-
-
-
social contributions
-
-
-
4 929
total
-
-
-
75 447
Employee
38 373
-
134 274
-
social contributions
1 094
-
3 826
-
surtax
-
-
-
-
income
1 979
-
25 775
-
pensions
4 340
-
9 178
-
total
7 413
-
38 779
-
Employer
38 373
-
134 274
-
other
1 325
-
5 170
-
social contributions
114
-
402
-
unemployment
1 553
-
5 438
-
pensions
6 305
-
15 480
-
health
2 686
-
12 236
-
total
11 983
-
38 726
-
Corporate
122 644
173 000
-
-
surtax
-
-
-
-
income
34 340
48 439
-
-
total
34 340
48 439
-
-
Dividends
88 304
124 561
-
-
surtax
-
-
-
-
social contributions
15 190
21 424
-
-
withholding
11 303
15 944
-
-
total
26 493
37 368
-
-
Income
173 000
173 000
173 000
173 000
Total tax
80 229
85 807
77 505
75 447
After tax
92 771
87 193
95 495
97 553
Living cost
30 960
30 960
30 960
30 960
Free-cash
61 811
56 233
64 535
66 593

Estimated living cost  is ₽30960 per week

₽17955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽84246
₽84768
₽89803
₽86351
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
25 949
health
-
-
-
12 075
social contributions
-
-
-
23 874
total
-
-
-
61 898
Employee
34 056
-
173 000
-
social contributions
4 700
-
23 874
-
health
2 377
-
12 075
-
income
5 680
-
29 401
-
total
12 757
-
65 350
-
Employer
34 056
-
173 000
-
total
-
-
-
-
Corporate
138 944
173 000
-
-
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%.

6 948
8 650
-
-
total
6 948
8 650
-
-
Dividends
131 996
164 350
-
-
health
9 214
11 471
-
-
social contributions
18 215
22 681
-
-
withholding
19 799
24 653
-
-
total
47 228
58 805
-
-
Income
173 000
173 000
173 000
173 000
Total tax
66 933
67 455
65 350
61 898
After tax
106 067
105 545
107 650
111 102
Living cost
21 299
21 299
21 299
21 299
Free-cash
84 768
84 246
86 351
89 803

Estimated living cost  is ₽21299 per week

₽14254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽60368
₽58811
₽53390
₽10521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
chamber of commerce
-
-
-
692
income
-
-
-
46 484
pensions
-
-
-
21 708
unemployment
-
-
-
6 160
health
-
-
-
8 976
surtax
-
-
-
198
total
-
-
-
84 218
Employee
50 197
40 028
137 554
-
other
501
400
1 174
-
health
1 942
1 550
4 540
-
income
5 714
2 953
36 955
-
pensions
5 141
4 098
12 016
-
unemployment
1 506
1 201
3 521
-
total
14 804
10 202
58 206
-
Employer
50 197
40 028
137 554
-
accident
652
520
1 525
-
other
2 385
1 900
6 361
-
chamber of commerce
200
160
551
-
unemployment
1 506
1 201
3 521
-
surtax
198
198
198
-
pensions
6 300
5 024
14 726
-
payroll
1 506
1 201
4 127
-
health
1 897
1 513
4 435
-
total
14 644
11 717
35 444
-
Corporate
108 161
121 254
133 744
-
income

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

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

27 040
30 313
33 437
-
total
27 040
30 313
33 437
-
Dividends
81 121
90 941
-
-
withholding
22 309
25 008
-
-
total
22 309
25 008
-
-
Income
173 000
173 000
173 000
173 000
Total tax
78 797
77 240
127 087
84 218
After tax
94 203
95 760
45 913
88 782
Living cost
35 392
35 392
35 392
35 392
Free-cash
58 811
60 368
10 521
53 390

Estimated living cost  is ₽35392 per week

₽23605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₽60139
₽45075
₽38354
₽24504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
national
-
-
-
64 104
communal

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

-
-
-
8 877
social contributions
-
-
-
25 042
total
-
-
-
98 023
Employee

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

71 847
-
133 996
-
communal

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

3 747
-
6 990
-
health

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

3 376
-
6 298
-
pensions

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

5 389
-
10 049
-
unemployment

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

625
-
1 167
-
national
22 089
-
48 365
-
total
35 226
-
72 869
-
Employer

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

71 847
-
133 996
-
accident

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

934
-
1 742
-
unemployment

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

1 048
-
1 956
-
surtax
8 147
-
15 195
-
pensions

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

6 366
-
11 871
-
health

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

4 418
-
8 240
-
total
20 913
-
39 004
-
Corporate
80 239
173 000
-
-
surtax
320
692
-
-
income
16 047
34 599
-
-
total
16 367
35 291
-
-
Dividends
63 872
137 709
-
-
withholding

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

18 796
40 947
-
-
total
18 796
40 947
-
-
Income
173 000
173 000
173 000
173 000
Total tax
91 302
76 238
111 873
98 023
After tax
81 698
96 762
61 127
74 977
Living cost
36 623
36 623
36 623
36 623
Free-cash
45 075
60 139
24 504
38 354

Estimated living cost  is ₽36623 per week

₽23590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽79090
₽72122
₽60857
₽56644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
839
income
-
-
-
47 939
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
75 869
Employee
49 998
-
143 320
-
other
50
-
93
-
income
10 549
-
44 491
-
pensions
2 350
-
4 376
-
unemployment
776
-
1 443
-
total
13 725
-
50 403
-
Employer
49 998
-
143 320
-
accident
989
-
1 843
-
other
398
-
745
-
unemployment
2 750
-
5 120
-
pensions
11 799
-
21 971
-
total
15 936
-
29 679
-
Corporate
107 065
173 000
-
-
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.

16 061
25 949
-
-
total
16 061
25 949
-
-
Dividends
91 005
147 051
-
-
withholding
18 882
31 687
-
-
total
18 882
31 687
-
-
Income
173 000
173 000
173 000
173 000
Total tax
64 604
57 636
80 082
75 869
After tax
108 396
115 364
92 918
97 131
Living cost
36 274
36 274
36 274
36 274
Free-cash
72 122
79 090
56 644
60 857

Estimated living cost  is ₽36274 per week

₽26712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46867
₽34214
₽31389
₽38282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
1 458
income
-
-
-
27 975
pensions
-
-
-
25 930
health
-
-
-
12 153
surtax
-
-
-
8 577
communal
-
-
-
10 933
total
-
-
-
87 026
Employee
76 064
-
154 532
-
health
3 385
-
6 877
-
surtax
4 662
-
9 471
-
income
7 347
-
32 954
-
pensions
6 084
-
12 363
-
total
21 478
-
61 665
-
Employer
76 064
-
154 532
-
accident
684
-
1 391
-
pensions
6 084
-
12 363
-
health
2 320
-
4 714
-
total
9 088
-
18 468
-
Corporate
87 847
173 000
-
-
surtax
923
1 817
-
-
communal
5 930
11 677
-
-
income
13 177
25 949
-
-
total
20 030
39 443
-
-
Dividends
67 818
133 557
-
-
income
23 432
12 072
-
-
withholding
10 173
20 033
-
-
total
33 605
32 105
-
-
Income
173 000
173 000
173 000
173 000
Total tax
84 201
71 548
80 133
87 026
After tax
88 799
101 452
92 867
85 974
Living cost
54 585
54 585
54 585
54 585
Free-cash
34 214
46 867
38 282
31 389

Estimated living cost  is ₽54585 per week

₽40947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₽86255
₽83061
₽59358
₽53206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
47 294
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
7 230
total
-
-
-
91 081
Employee
33 826
-
144 782
-
other
-
-
-
-
health
863
-
3 418
-
surtax
120
-
6 040
-
income
5 671
-
41 286
-
pensions
2 257
-
8 941
-
unemployment
2 354
-
9 330
-
total
11 265
-
69 015
-
Employer
33 826
-
144 782
-
other
-
-
-
-
unemployment
1 073
-
4 249
-
pensions
4 510
-
17 870
-
health
1 538
-
6 099
-
total
7 121
-
28 218
-
Corporate
132 053
173 000
-
-
income
34 334
44 980
-
-
total
34 334
44 980
-
-
Dividends
97 719
128 020
-
-
withholding
14 658
19 204
-
-
total
14 658
19 204
-
-
Income
173 000
173 000
173 000
173 000
Total tax
67 378
64 184
97 233
91 081
After tax
105 622
108 816
75 767
81 919
Living cost
22 561
22 561
22 561
22 561
Free-cash
83 061
86 255
53 206
59 358

Estimated living cost  is ₽22561 per week

₽13621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₽63875
₽61648
₽55285
₽47510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
1 027
regional
-
-
-
2 608
national
-
-
-
42 527
social contributions
-
-
-
44 496
total
-
-
-
90 658
Employee
55 717
-
173 000
-
social contributions
18 788
-
58 336
-
regional
750
-
2 328
-
municipal
295
-
917
-
national
8 827
-
36 852
-
total
28 660
-
98 433
-
Employer
55 717
-
173 000
-
total
-
-
-
-
Corporate
117 283
173 000
-
-
nationa
28 147
41 520
-
-
municipal
5 829
8 598
-
-
total
33 976
50 118
-
-
Dividends
83 307
122 881
-
-
withholding
21 659
31 950
-
-
total
21 659
31 950
-
-
Income
173 000
173 000
173 000
173 000
Total tax
84 295
82 068
98 433
90 658
After tax
88 705
90 932
74 567
82 342
Living cost
27 057
27 057
27 057
27 057
Free-cash
61 648
63 875
47 510
55 285

Estimated living cost  is ₽27057 per week

₽16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽89513
₽78954
₽68223
₽60597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
17 262
health
-
-
-
23 355
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 562
total
-
-
-
75 179
Employee
43 526
-
131 568
-
social contributions
2 829
-
7 694
-
health
5 876
-
17 762
-
solidarity contribution
-
-
-
-
income
5 223
-
15 917
-
total
13 928
-
41 373
-
Employer
43 526
-
131 568
-
social contributions
10 882
-
29 591
-
health
3 917
-
11 841
-
total
14 799
-
41 432
-
Corporate
114 675
173 000
-
-
income
21 788
32 870
-
-
total
21 788
32 870
-
-
Dividends
92 887
140 130
-
-
withholding
13 933
21 019
-
-
total
13 933
21 019
-
-
Income
173 000
173 000
173 000
173 000
Total tax
64 448
53 889
82 805
75 179
After tax
108 552
119 111
90 195
97 821
Living cost
29 598
29 598
29 598
29 598
Free-cash
78 954
89 513
60 597
68 223

Estimated living cost  is ₽29598 per week

₽22011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63822
₽63325
₽56935
₽13919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
chamber of commerce
-
-
-
692
income
-
-
-
46 484
pensions
-
-
-
21 708
unemployment
-
-
-
6 160
health
-
-
-
8 976
surtax
-
-
-
-
total
-
-
-
84 020
Employee
43 906
40 028
137 741
-
other
438
400
1 174
-
health
1 698
1 550
4 540
-
income
3 911
2 953
37 045
-
pensions
4 496
4 098
12 016
-
unemployment
1 317
1 201
3 521
-
total
11 860
10 202
58 296
-
Employer
43 906
40 028
137 741
-
accident
570
520
1 525
-
other
2 085
1 900
6 368
-
chamber of commerce
175
160
551
-
unemployment
1 317
1 201
3 521
-
surtax
-
-
-
-
pensions
5 511
5 024
14 726
-
payroll
1 317
1 201
4 132
-
health
1 660
1 513
4 435
-
total
12 635
11 519
35 258
-
Corporate
116 458
121 452
133 929
-
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.

29 114
30 362
33 482
-
total
29 114
30 362
33 482
-
Dividends
87 345
91 090
-
-
withholding
24 021
25 050
-
-
total
24 021
25 050
-
-
Income
173 000
173 000
173 000
173 000
Total tax
77 630
77 133
127 036
84 020
After tax
95 370
95 867
45 964
88 980
Living cost
32 045
32 045
32 045
32 045
Free-cash
63 325
63 822
13 919
56 935

Estimated living cost  is ₽32045 per week

₽19223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₽150169
₽147510
₽157089
₽124219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
173 000
microenterprise

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

-
-
-
1 730
total
-
-
-
1 730
Employee
17 726
-
173 000
-
income
3 545
-
34 600
-
total
3 545
-
34 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

155 274
173 000
-
-
total
-
-
-
-
Dividends
155 274
173 000
-
-
withholding
7 764
8 650
-
-
total
7 764
8 650
-
-
Income
173 000
173 000
173 000
173 000
Total tax
11 309
8 650
34 600
1 730
After tax
161 691
164 350
138 400
171 270
Living cost
14 181
14 181
14 181
14 181
Free-cash
147 510
150 169
124 219
157 089

Estimated living cost  is ₽14181 per week

₽9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₽92169
₽83767
₽57753
₽53168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
income
-
-
-
39 431
pensions
-
-
-
31 593
unemployment
-
-
-
259
health
-
-
-
17 023
total
-
-
-
88 306
Employee

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

44 416
-
149 692
-
health
2 869
-
9 671
-
income
7 659
-
36 499
-
pensions
6 885
-
23 203
-
unemployment
63
-
210
-
total
17 476
-
69 583
-
Employer

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

44 416
-
149 692
-
unemployment
27
-
90
-
pensions
3 930
-
13 247
-
health
2 958
-
9 971
-
total
6 915
-
23 308
-
Corporate
121 669
173 000
-
-
income
23 117
32 870
-
-
total
23 117
32 870
-
-
Dividends
98 552
140 130
-
-
withholding
14 784
21 020
-
-
total
14 784
21 020
-
-
Income
173 000
173 000
173 000
173 000
Total tax
62 292
53 890
92 891
88 306
After tax
110 708
119 110
80 109
84 694
Living cost
26 941
26 941
26 941
26 941
Free-cash
83 767
92 169
53 168
57 753

Estimated living cost  is ₽26941 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
₽61691
₽13669
₽75995
₽116156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
33 721
social contributions
-
-
-
19 722
total
-
-
-
53 443
Employee
62 462
-
-
-
social contributions
5 122
-
730
-
income
13 778
-
-
-
total
18 900
-
730
-
Employer
62 462
-
-
-
social contributions
88 071
-
12 552
-
total
88 071
-
12 552
-
Corporate
22 467
173 000
-
-
income
4 943
38 060
-
-
total
4 943
38 060
-
-
Dividends
17 525
134 940
-
-
income
3 855
29 687
-
-
total
3 855
29 687
-
-
Income
173 000
173 000
173 000
173 000
Total tax
115 769
67 747
13 282
53 443
After tax
57 231
105 253
159 718
119 557
Living cost
43 562
43 562
43 562
43 562
Free-cash
13 669
61 691
116 156
75 995

Estimated living cost  is ₽43562 per week

₽28265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66895
₽65885
₽61345
₽48280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
income
-
-
-
20 031
surtax
-
-
-
-
social contributions

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

-
-
-
60 118
total
-
-
-
80 149
Employee
46 196
-
139 798
-
social contributions
5 082
-
15 378
-
surtax
-
-
-
-
income
9 609
-
44 634
-
total
14 691
-
60 012
-
Employer
46 196
-
139 798
-
social contributions
10 971
-
33 202
-
total
10 971
-
33 202
-
Corporate
115 833
173 000
-
-
surtax
-
-
-
-
income
24 325
36 330
-
-
total
24 325
36 330
-
-
Dividends
91 507
136 670
-
-
withholding
25 622
38 269
-
-
total
25 622
38 269
-
-
Income
173 000
173 000
173 000
173 000
Total tax
75 609
74 599
93 214
80 149
After tax
97 391
98 401
79 786
92 851
Living cost
31 506
31 506
31 506
31 506
Free-cash
65 885
66 895
48 280
61 345

Estimated living cost  is ₽31506 per week

₽23573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₽38681
₽45585
₽49041
₽46983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
26 740
pensions
-
-
-
31 222
other
-
-
-
5 364
health
-
-
-
7 192
surtax
-
-
-
-
social contributions
-
-
-
4 929
total
-
-
-
75 447
Employee
62 909
-
134 274
-
social contributions
1 792
-
3 826
-
surtax
-
-
-
-
income
5 489
-
25 775
-
pensions
7 115
-
9 178
-
total
14 396
-
38 779
-
Employer
62 909
-
134 274
-
other
2 171
-
5 170
-
social contributions
189
-
402
-
unemployment
2 548
-
5 438
-
pensions
10 337
-
15 480
-
health
4 403
-
12 236
-
total
19 648
-
38 726
-
Corporate
90 443
173 000
-
-
surtax
-
-
-
-
income
25 324
48 439
-
-
total
25 324
48 439
-
-
Dividends
65 119
124 561
-
-
surtax
-
-
-
-
social contributions
11 200
21 424
-
-
withholding
8 335
15 944
-
-
total
19 535
37 368
-
-
Income
173 000
173 000
173 000
173 000
Total tax
78 903
85 807
77 505
75 447
After tax
94 097
87 193
95 495
97 553
Living cost
48 512
48 512
48 512
48 512
Free-cash
45 585
38 681
46 983
49 041

Estimated living cost  is ₽48512 per week

₽32832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽665
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽125507
₽122134
₽97354
₽101952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
7 394
social contributions
-
-
-
38 059
total
-
-
-
45 453
Employee
32 291
-
149 784
-
income
-
-
7 905
-
social contributions
2 099
-
9 734
-
total
2 099
-
17 639
-
Employer
32 291
-
149 784
-
social contributions
5 005
-
23 216
-
total
5 005
-
23 216
-
Corporate
135 703
173 000
-
-
income
13 569
17 300
-
-
total
13 569
17 300
-
-
Dividends
122 134
155 700
-
-
total
-
-
-
-
Income
173 000
173 000
173 000
173 000
Total tax
20 673
17 300
40 855
45 453
After tax
152 327
155 700
132 145
127 547
Living cost
30 193
30 193
30 193
30 193
Free-cash
122 134
125 507
101 952
97 354

Estimated living cost  is ₽30193 per week

₽19522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₽45840
-₽45840
₽53886
-₽45840
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
35 920
pensions
-
-
-
871
national
-
-
-
20 180
labour market
-
-
-
13 770
total
-
-
-
70 741
Employee
204 171
204 171
204 171
-
labour market
16 310
16 310
16 310
-
national
24 943
24 943
24 943
-
municipal
43 477
43 477
43 477
-
pensions
290
290
290
-
total
85 020
85 020
85 020
-
Employer
204 171
204 171
204 171
-
labour market
16 334
16 334
16 334
-
municipal
43 546
43 546
43 546
-
pensions
580
580
580
-
national
24 987
24 987
24 987
-
total
85 447
85 447
85 447
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
173 000
173 000
173 000
173 000
Total tax
170 467
170 467
170 467
70 741
After tax
2 533
2 533
2 533
102 259
Living cost
48 373
48 373
48 373
48 373
Free-cash
-45 840
-45 840
-45 840
53 886

Estimated living cost  is ₽48373 per week

₽33107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽744
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₽7707
₽10682
₽96557
₽72126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
253
income
-
-
-
47 745
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
54 723
Employee
34 167
-
155 552
-
health
3 912
-
17 811
-
income
4 687
-
36 249
-
pensions
3 847
-
7 645
-
total
12 446
-
61 705
-
Employer
34 167
-
155 552
-
accident
571
-
2 598
-
unemployment
837
-
3 811
-
pensions
5 555
-
11 040
-
total
6 963
-
17 449
-
Corporate
131 870
173 000
-
-
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.

118 683
155 700
-
-
total
118 683
155 700
-
-
Dividends
13 187
17 300
-
-
withholding
2 506
3 287
-
-
total
2 506
3 287
-
-
Income
173 000
173 000
173 000
173 000
Total tax
140 598
158 987
79 154
54 723
After tax
32 402
14 013
93 846
118 277
Living cost
21 720
21 720
21 720
21 720
Free-cash
10 682
-7 707
72 126
96 557

Estimated living cost  is ₽21720 per week

₽15810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₽70089
₽72518
₽73590
₽52442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
173 000
municipal
-
-
-
30 736
health
-
-
-
2 245
national
-
-
-
27 866
total
-
-
-
60 847
Employee
52 845
-
145 537
-
health
395
-
1 822
-
municipal
8 656
-
23 708
-
pensions
3 566
-
9 824
-
unemployment
793
-
2 182
-
national
873
-
16 998
-
total
14 283
-
54 534
-
Employer
52 845
-
145 537
-
accident
53
-
145
-
unemployment
343
-
945
-
pensions
9 168
-
25 250
-
health
406
-
1 121
-
total
9 970
-
27 461
-
Corporate
110 184
173 000
-
-
income
22 036
34 599
-
-
total
22 036
34 599
-
-
Dividends

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

66 111
103 801
-
-
national
3 730
11 066
-
-
municipal
11 900
18 683
-
-
total
15 630
29 749
-
-
Income
173 000
173 000
173 000
173 000
Total tax
61 919
64 348
81 995
60 847
After tax
111 081
108 652
91 005
112 153
Living cost
38 563
38 563
38 563
38 563
Free-cash
72 518
70 089
52 442
73 590

Estimated living cost  is ₽38563 per week

₽25189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽614
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₽102961
₽97497
₽95187
₽93654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
33 896
health
-
-
-
4 411
social contributions
-
-
-
16 251
total
-
-
-
54 558
Employee
77 236
77 236
161 369
-
social contributions
2 920
6 410
8 646
-
health
599
1 313
2 743
-
income
8 410
7 150
33 071
-
total
11 929
14 873
44 460
-
Employer
77 236
77 236
161 369
-
social contributions
2 920
6 410
8 646
-
health
650
1 430
2 985
-
total
3 570
7 840
11 631
-
Corporate
134 246
87 925
-
-
income
16 781
10 991
-
-
total
16 781
10 991
-
-
Dividends
117 465
76 934
-
-
withholding
19 968
13 080
-
-
total
19 968
13 080
-
-
Income
173 000
173 000
173 000
173 000
Total tax
52 248
46 784
56 091
54 558
After tax
120 752
126 216
116 909
118 442
Living cost
23 255
23 255
23 255
23 255
Free-cash
97 497
102 961
93 654
95 187

Estimated living cost  is ₽23255 per week

₽13937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽127314
₽122204
₽129431
₽109283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
173 000
income
-
-
-
17 569
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
27 622
Employee

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

23 055
-
163 184
-
health
1 959
-
8 101
-
income
1 576
-
15 079
-
pensions
3 458
-
14 296
-
unemployment
114
-
477
-
total
7 107
-
37 953
-
Employer

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

23 055
-
163 184
-
unemployment
114
-
477
-
pensions
1 268
-
5 242
-
health
991
-
4 098
-
total
2 373
-
9 817
-
Corporate
147 572
173 000
-
-
income
13 282
15 571
-
-
total
13 282
15 571
-
-
Dividends
134 290
157 429
-
-
withholding
12 087
14 168
-
-
total
12 087
14 168
-
-
Income
173 000
173 000
173 000
173 000
Total tax
34 849
29 739
47 770
27 622
After tax
138 151
143 261
125 230
145 378
Living cost
15 947
15 947
15 947
15 947
Free-cash
122 204
127 314
109 283
129 431

Estimated living cost  is ₽15947 per week

₽10175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽87743
₽83307
₽69510
₽65297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
839
income
-
-
-
47 939
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
75 869
Employee
37 140
-
143 320
-
other
36
-
93
-
income
7 160
-
44 491
-
pensions
1 746
-
4 376
-
unemployment
576
-
1 443
-
total
9 518
-
50 403
-
Employer
37 140
-
143 320
-
accident
736
-
1 843
-
other
297
-
745
-
unemployment
2 043
-
5 120
-
pensions
8 764
-
21 971
-
total
11 840
-
29 679
-
Corporate
124 020
173 000
-
-
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.

18 603
25 949
-
-
total
18 603
25 949
-
-
Dividends
105 416
147 051
-
-
withholding
22 111
31 687
-
-
total
22 111
31 687
-
-
Income
173 000
173 000
173 000
173 000
Total tax
62 072
57 636
80 082
75 869
After tax
110 928
115 364
92 918
97 131
Living cost
27 621
27 621
27 621
27 621
Free-cash
83 307
87 743
65 297
69 510

Estimated living cost  is ₽27621 per week

₽18643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽105201
₽104748
₽108083
₽107887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
58 704
pensions
-
-
-
2 007
health
-
-
-
1 455
total
-
-
-
62 166
Employee
4 190
-
170 743
-
health
210
-
502
-
income
811
-
58 599
-
pensions
377
-
903
-
unemployment
42
-
100
-
total
1 440
-
60 104
-
Employer
4 190
-
170 743
-
unemployment
84
-
201
-
pensions
461
-
1 104
-
health
398
-
953
-
total
943
-
2 258
-
Corporate
167 867
173 000
-
-
income
36 931
38 060
-
-
total
36 931
38 060
-
-
Dividends
130 936
134 940
-
-
withholding
26 187
26 988
-
-
total
26 187
26 988
-
-
Income
173 000
173 000
173 000
173 000
Total tax
65 501
65 048
62 362
62 166
After tax
107 499
107 952
110 638
110 834
Living cost
2 751
2 751
2 751
2 751
Free-cash
104 748
105 201
107 887
108 083

Estimated living cost  is ₽2751 per week

₽1635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₽107623
₽102682
₽88518
₽88517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
income
-
-
-
39 054
pensions
-
-
-
19 299
unemployment
-
-
-
1 113
health
-
-
-
7 646
total
-
-
-
67 112
Employee

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

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

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

26 193
-
159 713
-
health
1 349
-
3 823
-
income
3 610
-
39 054
-
pensions
3 667
-
10 392
-
unemployment
196
-
557
-
total
8 822
-
53 826
-
Employer

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

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

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

26 193
-
159 713
-
unemployment
196
-
557
-
pensions
3 143
-
8 907
-
health
1 349
-
3 823
-
total
4 688
-
13 287
-
Corporate
142 119
173 000
-
-
income
21 318
25 950
-
-
total
21 318
25 950
-
-
Dividends
120 801
147 050
-
-
withholding
18 120
22 057
-
-
total
18 120
22 057
-
-
Income
173 000
173 000
173 000
173 000
Total tax
52 948
48 007
67 113
67 112
After tax
120 052
124 993
105 887
105 888
Living cost
17 370
17 370
17 370
17 370
Free-cash
102 682
107 623
88 517
88 518

Estimated living cost  is ₽17370 per week

₽11695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71322
₽70962
₽65772
₽52707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
income
-
-
-
20 031
surtax
-
-
-
-
social contributions

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

-
-
-
60 118
total
-
-
-
80 149
Employee
38 984
-
139 798
-
social contributions
4 289
-
15 378
-
surtax
-
-
-
-
income
7 617
-
44 634
-
total
11 906
-
60 012
-
Employer
38 984
-
139 798
-
social contributions
9 258
-
33 202
-
total
9 258
-
33 202
-
Corporate
124 758
173 000
-
-
surtax
-
-
-
-
income
26 199
36 330
-
-
total
26 199
36 330
-
-
Dividends
98 559
136 670
-
-
withholding
27 596
38 269
-
-
total
27 596
38 269
-
-
Income
173 000
173 000
173 000
173 000
Total tax
74 959
74 599
93 214
80 149
After tax
98 041
98 401
79 786
92 851
Living cost
27 079
27 079
27 079
27 079
Free-cash
70 962
71 322
52 707
65 772

Estimated living cost  is ₽27079 per week

₽19179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽80064
₽73436
₽61831
₽57618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
839
income
-
-
-
47 939
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
75 869
Employee
48 509
-
143 320
-
other
48
-
93
-
income
10 132
-
44 491
-
pensions
2 280
-
4 376
-
unemployment
751
-
1 443
-
total
13 211
-
50 403
-
Employer
48 509
-
143 320
-
accident
961
-
1 843
-
other
389
-
745
-
unemployment
2 669
-
5 120
-
pensions
11 448
-
21 971
-
total
15 467
-
29 679
-
Corporate
109 025
173 000
-
-
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.

16 354
25 949
-
-
total
16 354
25 949
-
-
Dividends
92 671
147 051
-
-
withholding
19 232
31 687
-
-
total
19 232
31 687
-
-
Income
173 000
173 000
173 000
173 000
Total tax
64 264
57 636
80 082
75 869
After tax
108 736
115 364
92 918
97 131
Living cost
35 300
35 300
35 300
35 300
Free-cash
73 436
80 064
57 618
61 831

Estimated living cost  is ₽35300 per week

₽25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽130639
₽124521
₽120408
₽127150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
25 950
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
35 316
Employee
22 876
-
166 117
-
health
1 052
-
1 614
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
income
2 288
-
16 611
-
pensions

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

2 008
-
3 080
-
total
5 599
-
21 691
-
Employer
22 876
-
166 117
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
unemployment
137
-
210
-
pensions

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

2 521
-
3 866
-
health
1 579
-
2 421
-
total
4 488
-
6 883
-
Corporate
145 635
173 000
-
-
income
14 563
17 300
-
-
total
14 563
17 300
-
-
Dividends
131 072
155 700
-
-
withholding
6 553
7 785
-
-
total
6 553
7 785
-
-
Income
173 000
173 000
173 000
173 000
Total tax
31 203
25 085
28 574
35 316
After tax
141 797
147 915
144 426
137 684
Living cost
17 276
17 276
17 276
17 276
Free-cash
124 521
130 639
127 150
120 408

Estimated living cost  is ₽17276 per week

₽11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₽50264
₽63402
₽53278
₽71403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
trade
-
-
-
18 125
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.

-
-
-
53 041
health

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

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

-
-
-
6 862
surtax

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

-
-
-
2 916
total
-
-
-
80 944
Employee

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

49 976
-
173 000
-
health

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

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

6 862
-
6 862
-
surtax

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

227
-
2 916
-
income

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

4 110
-
53 041
-
total
11 199
-
62 819
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
123 024
173 000
-
-
surtax

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

1 014
1 428
-
-
income
18 453
25 949
-
-
trade
17 654
24 825
-
-
chamber of commerce
334
406
-
-
total
37 455
52 608
-
-
Dividends
85 569
120 392
-
-
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.

1 155
1 634
-
-
withholding
21 011
29 716
-
-
total
22 166
31 350
-
-
Income
173 000
173 000
173 000
173 000
Total tax
70 820
83 958
62 819
80 944
After tax
102 180
89 042
110 181
92 056
Living cost
38 778
38 778
38 778
38 778
Free-cash
63 402
50 264
71 403
53 278

Estimated living cost  is ₽38778 per week

₽26750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₽63884
₽66100
₽34413
₽34413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
52 599
social contributions
-
-
-
28 771
total
-
-
-
81 370
Employee
78 569
-
173 000
-
income
14 826
-
52 599
-
social contributions
6 527
-
28 771
-
total
21 353
-
81 370
-
Employer
78 569
-
173 000
-
total
-
-
-
-
Corporate
94 431
173 000
-
-
income
11 804
21 625
-
-
total
11 804
21 625
-
-
Dividends
82 627
151 375
-
-
withholding
16 526
30 274
-
-
total
16 526
30 274
-
-
Income
173 000
173 000
173 000
173 000
Total tax
49 683
51 899
81 370
81 370
After tax
123 317
121 101
91 630
91 630
Living cost
57 217
57 217
57 217
57 217
Free-cash
66 100
63 884
34 413
34 413

Estimated living cost  is ₽57217 per week

₽43529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₽70681
₽74191
₽101218
₽86785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
income
-
-
-
28 591
health

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

-
-
-
6 730
total
-
-
-
35 321
Employee
46 077
-
168 380
-
income
5 000
-
40 514
-
social contributions
4 617
-
4 620
-
total
9 617
-
45 134
-
Employer
46 077
-
168 380
-
social contributions
4 617
-
4 620
-
total
4 617
-
4 620
-
Corporate
122 306
173 000
-
-
income
42 807
60 551
-
-
total
42 807
60 551
-
-
Dividends
79 499
112 449
-
-
social contributions
5 307
5 307
-
-
total
5 307
5 307
-
-
Income
173 000
173 000
173 000
173 000
Total tax
62 348
65 858
49 754
35 321
After tax
110 652
107 142
123 246
137 679
Living cost
36 461
36 461
36 461
36 461
Free-cash
74 191
70 681
86 785
101 218

Estimated living cost  is ₽36461 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽76377
₽82320
₽77732
₽62053
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
income
-
-
-
49 048
pensions
-
-
-
8 952
total
-
-
-
58 000
Employee
51 156
-
151 160
-
health
667
-
2 206
-
income
9 316
-
38 594
-
pensions
3 904
-
11 038
-
total
13 887
-
51 838
-
Employer
51 156
-
151 160
-
pensions
5 168
-
18 968
-
health
972
-
2 873
-
total
6 140
-
21 841
-
Corporate
115 704
173 000
-
-
income

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

21 984
32 871
-
-
total
21 984
32 871
-
-
Dividends
93 720
140 129
-
-
withholding
11 401
26 484
-
-
total
11 401
26 484
-
-
Income
173 000
173 000
173 000
173 000
Total tax
53 412
59 355
73 679
58 000
After tax
119 588
113 645
99 321
115 000
Living cost
37 268
37 268
37 268
37 268
Free-cash
82 320
76 377
62 053
77 732

Estimated living cost  is ₽37268 per week

₽25566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₽9858
₽10352
₽94406
₽69975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
accident
-
-
-
253
income
-
-
-
47 745
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
54 723
Employee
37 549
-
155 552
-
health
4 299
-
17 811
-
income
5 151
-
36 249
-
pensions
4 228
-
7 645
-
total
13 678
-
61 705
-
Employer
37 549
-
155 552
-
accident
627
-
2 598
-
unemployment
920
-
3 811
-
pensions
6 105
-
11 040
-
total
7 652
-
17 449
-
Corporate
127 799
173 000
-
-
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.

115 019
155 700
-
-
total
115 019
155 700
-
-
Dividends
12 780
17 300
-
-
withholding
2 428
3 287
-
-
total
2 428
3 287
-
-
Income
173 000
173 000
173 000
173 000
Total tax
138 777
158 987
79 154
54 723
After tax
34 223
14 013
93 846
118 277
Living cost
23 871
23 871
23 871
23 871
Free-cash
10 352
-9 858
69 975
94 406

Estimated living cost  is ₽23871 per week

₽17518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
₽132013
₽127314
₽86800
₽108884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
173 000
work injury
-
-
-
803
health insurance
-
-
-
11 886
income
-
-
-
28 464
pensions
-
-
-
29 554
unemployment
-
-
-
1 927
total
-
-
-
72 634
Employee

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

21 706
-
173 000
-
work injury
109
-
402
-
income
2 171
-
28 464
-
pensions
3 994
-
14 777
-
health insurance
1 606
-
5 943
-
unemployment
260
-
964
-
total
8 140
-
50 550
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
151 294
173 000
-
-
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%.

1 513
1 730
-
-
total
1 513
1 730
-
-
Dividends
149 781
171 270
-
-
withholding
22 467
25 691
-
-
total
22 467
25 691
-
-
Income
173 000
173 000
173 000
173 000
Total tax
32 120
27 421
50 550
72 634
After tax
140 880
145 579
122 450
100 366
Living cost
13 566
13 566
13 566
13 566
Free-cash
127 314
132 013
108 884
86 800

Estimated living cost  is ₽13566 per week

₽8404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽51110
₽46543
₽40848
₽33255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
173 000
municipal
-
-
-
1 157
regional
-
-
-
3 958
national
-
-
-
42 527
social contributions
-
-
-
44 496
total
-
-
-
92 138
Employee
84 639
-
173 000
-
social contributions
28 540
-
58 336
-
regional
1 278
-
3 512
-
municipal
505
-
1 031
-
national
14 303
-
36 852
-
total
44 626
-
99 731
-
Employer
84 639
-
173 000
-
total
-
-
-
-
Corporate
88 361
173 000
-
-
nationa
21 207
41 520
-
-
municipal
4 258
8 339
-
-
total
25 465
49 859
-
-
Dividends
62 895
123 141
-
-
withholding
16 352
32 017
-
-
total
16 352
32 017
-
-
Income
173 000
173 000
173 000
173 000
Total tax
86 443
81 876
99 731
92 138
After tax
86 557
91 124
73 269
80 862
Living cost
40 014
40 014
40 014
40 014
Free-cash
46 543
51 110
33 255
40 848

Estimated living cost  is ₽40014 per week

₽28107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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