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
₽ 175000
per

Your estimated
City
free-cash

Dresden , Germany
₽57703
₽68864
₽60620
₽80792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
trade
-
-
-
20 172
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.

-
-
-
53 790
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.

-
-
-
6 894
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.

-
-
-
2 959
total
-
-
-
83 815
Employee

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

38 597
-
175 000
-
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.

6 894
-
6 894
-
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
-
2 959
-
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.

1 078
-
53 790
-
total
8 031
-
63 643
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
136 403
175 000
-
-
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.

1 126
1 444
-
-
income
20 460
26 251
-
-
trade
21 484
27 562
-
-
chamber of commerce
349
404
-
-
total
43 419
55 661
-
-
Dividends
92 985
119 339
-
-
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.

1 258
1 620
-
-
withholding
22 863
29 451
-
-
total
24 121
31 071
-
-
Income
175 000
175 000
175 000
175 000
Total tax
75 571
86 732
63 643
83 815
After tax
99 429
88 268
111 357
91 185
Living cost
30 565
30 565
30 565
30 565
Free-cash
68 864
57 703
80 792
60 620

Estimated living cost  is ₽30565 per week

₽19226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58210
₽57361
₽52290
₽53358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
19 156
pensions
-
-
-
21 000
national
-
-
-
29 683
social contributions
-
-
-
1 881
total
-
-
-
71 720
Employee
79 044
-
151 286
-
municipal
9 763
-
19 833
-
pensions
3 162
-
6 051
-
national
15 129
-
31 039
-
total
28 054
-
56 923
-
Employer
79 044
-
151 286
-
social contributions
850
-
1 626
-
pensions
6 324
-
12 103
-
total
7 174
-
13 729
-
Corporate
83 566
175 000
-
-
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%.

16 713
35 000
-
-
total
16 713
35 000
-
-
Dividends
66 853
140 000
-
-
withholding
14 708
30 800
-
-
total
14 708
30 800
-
-
Income
175 000
175 000
175 000
175 000
Total tax
66 649
65 800
70 652
71 720
After tax
108 351
109 200
104 348
103 280
Living cost
50 990
50 990
50 990
50 990
Free-cash
57 361
58 210
53 358
52 290

Estimated living cost  is ₽50990 per week

₽34657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽763
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119006
₽110729
₽39158
₽52192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
microenterprise
-
-
-
-
income
-
-
-
31 559
surtax
-
-
-
44 625
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.

-
-
-
38 664
total
-
-
-
114 848
Employee
29 487
-
131 557
-
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.

3 244
-
13 229
-
surtax
-
-
19 075
-
income
5 249
-
26 066
-
total
8 493
-
58 370
-
Employer
29 487
-
131 557
-
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.

7 103
-
28 972
-
surtax
-
-
14 472
-
total
7 103
-
43 444
-
Corporate
138 410
175 000
-
-
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%.

27 681
35 000
-
-
total
27 681
35 000
-
-
Dividends

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

110 729
140 000
-
-
total
-
-
-
-
Income
175 000
175 000
175 000
175 000
Total tax
43 277
35 000
101 814
114 848
After tax
131 723
140 000
73 186
60 152
Living cost
20 994
20 994
20 994
20 994
Free-cash
110 729
119 006
52 192
39 158

Estimated living cost  is ₽20994 per week

₽13393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44326
₽38144
₽54533
₽66763
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
53 927
pensions
-
-
-
11 823
health
-
-
-
12 444
total
-
-
-
78 194
Employee
86 174
86 174
156 247
-
health
13 227
11 251
12 444
-
income

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

14 105
14 105
22 943
-
pensions
15 511
11 823
11 823
-
total
42 843
37 179
47 210
-
Employer
86 174
86 174
156 247
-
unemployment
3 102
3 102
3 855
-
pensions
5 998
5 998
7 455
-
health
5 990
5 990
7 444
-
total
15 090
15 090
18 754
-
Corporate
74 793
73 735
-
-
income
14 958
14 747
-
-
total
14 958
14 747
-
-
Dividends
59 835
58 988
-
-
income
12 716
12 536
-
-
withholding
8 976
8 849
-
-
total
21 692
21 385
-
-
Income
175 000
175 000
175 000
175 000
Total tax
94 583
88 401
65 964
78 194
After tax
80 417
86 599
109 036
96 806
Living cost
42 273
42 273
42 273
42 273
Free-cash
38 144
44 326
66 763
54 533

Estimated living cost  is ₽42273 per week

₽29958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽672
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56561
₽55685
₽50696
₽49749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
44 803
accident
-
-
-
171
pensions
-
-
-
9 237
other
-
-
-
9 929
unemployment
-
-
-
85
health
-
-
-
5 332
national
-
-
-
15 758
total
-
-
-
85 315
Employee
55 556
-
148 151
-
municipal
16 567
-
44 179
-
national
-
-
15 235
-
total
16 567
-
59 414
-
Employer
55 556
-
148 151
-
accident
111
-
171
-
other
6 456
-
9 929
-
unemployment
1 467
-
2 256
-
pensions
6 006
-
9 237
-
health
3 417
-
5 255
-
total
17 457
-
26 848
-
Corporate
101 988
175 000
-
-
income
22 437
38 500
-
-
total
22 437
38 500
-
-
Dividends
79 551
136 500
-
-
withholding
23 865
40 950
-
-
total
23 865
40 950
-
-
Income
175 000
175 000
175 000
175 000
Total tax
80 326
79 450
86 262
85 315
After tax
94 674
95 550
88 738
89 685
Living cost
38 989
38 989
38 989
38 989
Free-cash
55 685
56 561
49 749
50 696

Estimated living cost  is ₽38989 per week

₽25841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3826
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.
₽8731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47724
₽61905
₽50646
₽71715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
trade
-
-
-
21 069
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.

-
-
-
53 790
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.

-
-
-
6 894
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.

-
-
-
2 959
total
-
-
-
84 712
Employee

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

51 174
-
175 000
-
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.

6 894
-
6 894
-
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.

241
-
2 959
-
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.

4 397
-
53 790
-
total
11 532
-
63 643
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
123 826
175 000
-
-
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.

1 021
1 444
-
-
income
18 573
26 251
-
-
trade
20 370
28 788
-
-
chamber of commerce
329
402
-
-
total
40 293
56 885
-
-
Dividends
83 532
118 115
-
-
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.

1 128
1 603
-
-
withholding
20 500
29 146
-
-
total
21 628
30 749
-
-
Income
175 000
175 000
175 000
175 000
Total tax
73 453
87 634
63 643
84 712
After tax
101 547
87 366
111 357
90 288
Living cost
39 642
39 642
39 642
39 642
Free-cash
61 905
47 724
71 715
50 646

Estimated living cost  is ₽39642 per week

₽26513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4180
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.
₽8357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94943
₽90756
₽87020
₽85471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
34 460
health
-
-
-
4 462
social contributions
-
-
-
16 327
total
-
-
-
55 249
Employee
77 596
77 596
163 292
-
social contributions
3 771
6 440
8 686
-
health
772
1 319
2 777
-
income
8 148
7 183
33 627
-
total
12 691
14 942
45 090
-
Employer
77 596
77 596
163 292
-
social contributions
3 771
6 440
8 686
-
health
841
1 436
3 022
-
total
4 612
7 876
11 708
-
Corporate
124 967
89 527
-
-
income
15 621
11 191
-
-
total
15 621
11 191
-
-
Dividends
109 347
78 336
-
-
withholding
18 589
13 317
-
-
total
18 589
13 317
-
-
Income
175 000
175 000
175 000
175 000
Total tax
51 513
47 326
56 798
55 249
After tax
123 487
127 674
118 202
119 751
Living cost
32 731
32 731
32 731
32 731
Free-cash
90 756
94 943
85 471
87 020

Estimated living cost  is ₽32731 per week

₽22375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79977
₽80357
₽102896
₽83114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
21 394
pensions
-
-
-
17 500
unemployment
-
-
-
2 625
health
-
-
-
12 250
total
-
-
-
53 769
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.

26 467
10 533
146 444
-
health
1 853
737
10 251
-
income
3 236
1 288
17 903
-
pensions
2 647
1 053
14 644
-
unemployment
397
158
2 197
-
total
8 133
3 236
44 995
-
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.

26 467
10 533
146 444
-
pensions
5 161
2 054
28 556
-
total
5 161
2 054
28 556
-
Corporate
143 372
162 413
-
-
income
12 904
14 617
-
-
total
12 904
14 617
-
-
Dividends
130 469
147 796
-
-
social contributions
25 321
28 700
-
-
withholding
24 789
28 081
-
-
total
50 110
56 781
-
-
Income
175 000
175 000
175 000
175 000
Total tax
76 308
76 688
73 551
53 769
After tax
98 692
98 312
101 449
121 231
Living cost
18 335
18 335
18 335
18 335
Free-cash
80 357
79 977
83 114
102 896

Estimated living cost  is ₽18335 per week

₽12512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115626
₽109357
₽69427
₽76492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
23 449
pensions
-
-
-
35 000
health
-
-
-
22 750
total
-
-
-
81 199
Employee
28 627
-
130 793
-
income
3 223
-
25 217
-
pensions
573
-
2 616
-
unemployment
458
-
2 093
-
total
4 254
-
29 926
-
Employer
28 627
-
130 793
-
unemployment
230
-
1 046
-
pensions
5 726
-
26 159
-
health
3 721
-
17 003
-
total
9 677
-
44 208
-
Corporate
136 697
175 000
-
-
income
27 338
35 000
-
-
total
27 338
35 000
-
-
Dividends
109 358
140 000
-
-
total
-
-
-
-
Income
175 000
175 000
175 000
175 000
Total tax
41 269
35 000
74 134
81 199
After tax
133 731
140 000
100 866
93 801
Living cost
24 374
24 374
24 374
24 374
Free-cash
109 357
115 626
76 492
69 427

Estimated living cost  is ₽24374 per week

₽16718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1452
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.
₽5714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7896
₽10789
₽97566
₽72924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
253
income
-
-
-
48 376
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
55 363
Employee
34 719
-
157 460
-
health
3 975
-
18 029
-
income
4 763
-
36 781
-
pensions
3 909
-
7 654
-
total
12 647
-
62 464
-
Employer
34 719
-
157 460
-
accident
580
-
2 630
-
unemployment
851
-
3 858
-
pensions
5 646
-
11 053
-
total
7 077
-
17 541
-
Corporate
133 206
175 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

119 885
157 500
-
-
total
119 885
157 500
-
-
Dividends
13 321
17 500
-
-
withholding
2 531
3 325
-
-
total
2 531
3 325
-
-
Income
175 000
175 000
175 000
175 000
Total tax
142 140
160 825
80 005
55 363
After tax
32 860
14 175
94 995
119 637
Living cost
22 071
22 071
22 071
22 071
Free-cash
10 789
-7 896
72 924
97 566

Estimated living cost  is ₽22071 per week

₽16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽157171
₽155470
₽164171
₽130921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
175 000
microenterprise

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

-
-
-
1 750
total
-
-
-
1 750
Employee
11 349
-
175 000
-
income
2 269
-
35 000
-
total
2 269
-
35 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

163 651
175 000
-
-
total
-
-
-
-
Dividends
163 651
175 000
-
-
withholding
8 182
8 750
-
-
total
8 182
8 750
-
-
Income
175 000
175 000
175 000
175 000
Total tax
10 451
8 750
35 000
1 750
After tax
164 549
166 250
140 000
173 250
Living cost
9 079
9 079
9 079
9 079
Free-cash
155 470
157 171
130 921
164 171

Estimated living cost  is ₽9079 per week

₽5627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽755
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.
₽2448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101682
₽94869
₽70480
₽72358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
26 762
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.

-
-
-
36 829
other
-
-
-
7 288
health
-
-
-
6 752
total
-
-
-
77 631
Employee
36 640
-
139 776
-
health
513
-
1 957
-
income
6 308
-
27 388
-
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.

2 564
-
9 786
-
unemployment
366
-
1 398
-
total
9 751
-
40 529
-
Employer
36 640
-
139 776
-
accident
293
-
1 118
-
other
1 833
-
6 988
-
unemployment
366
-
1 398
-
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.

6 229
-
23 763
-
health
513
-
1 957
-
total
9 234
-
35 224
-
Corporate
129 126
175 000
-
-
income
27 116
36 751
-
-
total
27 116
36 751
-
-
Dividends
102 010
138 249
-
-
withholding
7 141
9 678
-
-
total
7 141
9 678
-
-
Income
175 000
175 000
175 000
175 000
Total tax
53 242
46 429
75 753
77 631
After tax
121 758
128 571
99 247
97 369
Living cost
26 889
26 889
26 889
26 889
Free-cash
94 869
101 682
72 358
70 480

Estimated living cost  is ₽26889 per week

₽18999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47195
₽49489
₽48577
₽32717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
49 657
pensions
-
-
-
9 044
total
-
-
-
58 701
Employee
95 816
-
152 902
-
health
1 579
-
2 230
-
income
17 272
-
39 084
-
pensions
9 244
-
11 149
-
total
28 095
-
52 463
-
Employer
95 816
-
152 902
-
pensions
11 313
-
19 192
-
health
1 820
-
2 906
-
total
13 133
-
22 098
-
Corporate
66 051
175 000
-
-
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.

12 549
33 250
-
-
total
12 549
33 250
-
-
Dividends
53 502
141 750
-
-
withholding
4 012
26 833
-
-
total
4 012
26 833
-
-
Income
175 000
175 000
175 000
175 000
Total tax
57 789
60 083
74 561
58 701
After tax
117 211
114 917
100 439
116 299
Living cost
67 722
67 722
67 722
67 722
Free-cash
49 489
47 195
32 717
48 577

Estimated living cost  is ₽67722 per week

₽50745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₽136386
₽131696
₽126094
₽132925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
26 250
pensions

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

-
-
-
5 220
unemployment
-
-
-
141
health
-
-
-
4 056
total
-
-
-
35 667
Employee
17 531
-
168 080
-
health
806
-
1 622
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
income
1 753
-
16 808
-
pensions

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

1 539
-
3 097
-
total
4 291
-
21 915
-
Employer
17 531
-
168 080
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
unemployment
105
-
212
-
pensions

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

1 932
-
3 887
-
health
1 210
-
2 434
-
total
3 440
-
6 921
-
Corporate
154 029
175 000
-
-
income
15 403
17 500
-
-
total
15 403
17 500
-
-
Dividends
138 626
157 500
-
-
withholding
6 931
7 875
-
-
total
6 931
7 875
-
-
Income
175 000
175 000
175 000
175 000
Total tax
30 065
25 375
28 836
35 667
After tax
144 935
149 625
146 164
139 333
Living cost
13 239
13 239
13 239
13 239
Free-cash
131 696
136 386
132 925
126 094

Estimated living cost  is ₽13239 per week

₽7729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽351
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30642
₽33183
₽40849
₽53079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
53 927
pensions
-
-
-
11 823
health
-
-
-
12 444
total
-
-
-
78 194
Employee
93 558
86 174
156 247
-
health
11 672
11 251
12 444
-
income

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

14 105
14 105
22 943
-
pensions
11 823
11 823
11 823
-
total
37 600
37 179
47 210
-
Employer
93 558
86 174
156 247
-
unemployment
3 368
3 102
3 855
-
pensions
6 511
5 998
7 455
-
health
6 501
5 990
7 444
-
total
16 380
15 090
18 754
-
Corporate
65 061
73 735
-
-
income
13 012
14 747
-
-
total
13 012
14 747
-
-
Dividends
52 049
58 988
-
-
income
11 061
12 536
-
-
withholding
7 807
8 849
-
-
total
18 868
21 385
-
-
Income
175 000
175 000
175 000
175 000
Total tax
85 860
88 401
65 964
78 194
After tax
89 140
86 599
109 036
96 806
Living cost
55 957
55 957
55 957
55 957
Free-cash
33 183
30 642
53 079
40 849

Estimated living cost  is ₽55957 per week

₽41278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽642
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96320
₽87698
₽74943
₽67214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
17 490
health
-
-
-
23 625
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 775
total
-
-
-
75 890
Employee
35 540
-
133 235
-
social contributions
2 310
-
7 741
-
health
4 798
-
17 987
-
solidarity contribution
-
-
-
-
income
4 265
-
16 126
-
total
11 373
-
41 854
-
Employer
35 540
-
133 235
-
social contributions
8 885
-
29 774
-
health
3 199
-
11 991
-
total
12 084
-
41 765
-
Corporate
127 377
175 000
-
-
income
24 202
33 250
-
-
total
24 202
33 250
-
-
Dividends
103 175
141 750
-
-
withholding
15 476
21 263
-
-
total
15 476
21 263
-
-
Income
175 000
175 000
175 000
175 000
Total tax
63 135
54 513
83 619
75 890
After tax
111 865
120 487
91 381
99 110
Living cost
24 167
24 167
24 167
24 167
Free-cash
87 698
96 320
67 214
74 943

Estimated living cost  is ₽24167 per week

₽16787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
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.
₽5186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽50789
₽45520
₽41217
₽33312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
1 040
regional
-
-
-
2 063
national
-
-
-
43 089
social contributions
-
-
-
45 010
total
-
-
-
91 202
Employee
89 684
-
175 000
-
social contributions
30 241
-
59 010
-
regional
846
-
1 820
-
municipal
475
-
929
-
national
15 540
-
37 348
-
total
47 102
-
99 107
-
Employer
89 684
-
175 000
-
total
-
-
-
-
Corporate
85 316
175 000
-
-
nationa
20 475
41 999
-
-
municipal
3 328
6 825
-
-
total
23 803
48 824
-
-
Dividends
61 513
126 175
-
-
withholding
15 994
32 806
-
-
total
15 994
32 806
-
-
Income
175 000
175 000
175 000
175 000
Total tax
86 899
81 630
99 107
91 202
After tax
88 101
93 370
75 893
83 798
Living cost
42 581
42 581
42 581
42 581
Free-cash
45 520
50 789
33 312
41 217

Estimated living cost  is ₽42581 per week

₽29682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽653
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87806
₽84667
₽60582
₽54410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
48 051
pensions
-
-
-
26 936
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
7 371
total
-
-
-
92 150
Employee
33 371
-
146 651
-
other
-
-
-
-
health
852
-
3 434
-
surtax
109
-
6 164
-
income
5 594
-
42 017
-
pensions
2 225
-
8 983
-
unemployment
2 323
-
9 374
-
total
11 103
-
69 972
-
Employer
33 371
-
146 651
-
other
-
-
-
-
unemployment
1 057
-
4 269
-
pensions
4 449
-
17 953
-
health
1 519
-
6 128
-
total
7 025
-
28 350
-
Corporate
134 605
175 000
-
-
income
34 996
45 500
-
-
total
34 996
45 500
-
-
Dividends
99 609
129 500
-
-
withholding
14 941
19 426
-
-
total
14 941
19 426
-
-
Income
175 000
175 000
175 000
175 000
Total tax
68 065
64 926
98 322
92 150
After tax
106 935
110 074
76 678
82 850
Living cost
22 268
22 268
22 268
22 268
Free-cash
84 667
87 806
54 410
60 582

Estimated living cost  is ₽22268 per week

₽13616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68651
₽75338
₽70033
₽54173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
49 657
pensions
-
-
-
9 044
total
-
-
-
58 701
Employee
64 213
-
152 902
-
health
932
-
2 230
-
income
11 565
-
39 084
-
pensions
5 450
-
11 149
-
total
17 947
-
52 463
-
Employer
64 213
-
152 902
-
pensions
6 951
-
19 192
-
health
1 220
-
2 906
-
total
8 171
-
22 098
-
Corporate
102 616
175 000
-
-
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.

19 498
33 250
-
-
total
19 498
33 250
-
-
Dividends
83 118
141 750
-
-
withholding
7 780
26 833
-
-
total
7 780
26 833
-
-
Income
175 000
175 000
175 000
175 000
Total tax
53 396
60 083
74 561
58 701
After tax
121 604
114 917
100 439
116 299
Living cost
46 266
46 266
46 266
46 266
Free-cash
75 338
68 651
54 173
70 033

Estimated living cost  is ₽46266 per week

₽34662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3468
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.
₽7651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽3756
₽36389
₽65308
₽57324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
city
-
-
-
1 845
pensions
-
-
-
16 101
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.

-
-
-
3 500
regional
-
-
-
8 654
health
-
-
-
394
national
-
-
-
2 932
total
-
-
-
33 426
Employee
89 251
-
156 632
-
city
958
-
1 683
-
regional
2 923
-
7 445
-
health
202
-
353
-
pensions
7 498
-
13 157
-
unemployment
-
-
-
-
national
422
-
2 130
-
total
12 003
-
24 768
-
Employer
89 251
-
156 632
-
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.

1 784
-
3 132
-
unemployment
-
-
-
-
pensions
7 498
-
13 157
-
health
202
-
353
-
total
9 484
-
16 642
-
Corporate
75 283
175 000
-
-
regional
15 923
37 013
-
-
national
6 399
14 875
-
-
total
22 322
51 888
-
-
Dividends
52 961
123 112
-
-
withholding
18 536
43 090
-
-
total
18 536
43 090
-
-
Income
175 000
175 000
175 000
175 000
Total tax
62 345
94 978
41 410
33 426
After tax
112 655
80 022
133 590
141 574
Living cost
76 266
76 266
76 266
76 266
Free-cash
36 389
3 756
57 324
65 308

Estimated living cost  is ₽76266 per week

₽49595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽936
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽40239
₽56604
₽43162
₽65129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
trade
-
-
-
21 967
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.

-
-
-
53 790
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.

-
-
-
6 894
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.

-
-
-
2 959
total
-
-
-
85 610
Employee

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

60 646
-
175 000
-
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.

6 894
-
6 894
-
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.

393
-
2 959
-
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.

7 131
-
53 790
-
total
14 418
-
63 643
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
114 354
175 000
-
-
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.

944
1 444
-
-
income
17 153
26 251
-
-
trade
19 611
30 012
-
-
chamber of commerce
314
400
-
-
total
38 022
58 107
-
-
Dividends
76 332
116 894
-
-
surtax

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

1 028
1 586
-
-
withholding
18 700
28 840
-
-
total
19 728
30 426
-
-
Income
175 000
175 000
175 000
175 000
Total tax
72 168
88 533
63 643
85 610
After tax
102 832
86 467
111 357
89 390
Living cost
46 228
46 228
46 228
46 228
Free-cash
56 604
40 239
65 129
43 162

Estimated living cost  is ₽46228 per week

₽33763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53674
₽59637
₽64137
₽61933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
27 144
pensions
-
-
-
31 467
other
-
-
-
5 425
health
-
-
-
7 315
surtax
-
-
-
-
social contributions
-
-
-
4 987
total
-
-
-
76 338
Employee
43 189
-
135 756
-
social contributions
1 231
-
3 868
-
surtax
-
-
-
-
income
2 549
-
26 120
-
pensions
4 883
-
9 309
-
total
8 663
-
39 297
-
Employer
43 189
-
135 756
-
other
1 490
-
5 240
-
social contributions
130
-
408
-
unemployment
1 748
-
5 498
-
pensions
7 095
-
15 694
-
health
3 024
-
12 405
-
total
13 487
-
39 245
-
Corporate
118 324
175 000
-
-
surtax
-
-
-
-
income
33 131
49 001
-
-
total
33 131
49 001
-
-
Dividends
85 193
125 999
-
-
surtax
-
-
-
-
social contributions
14 653
21 672
-
-
withholding
10 904
16 128
-
-
total
25 557
37 800
-
-
Income
175 000
175 000
175 000
175 000
Total tax
80 838
86 801
78 542
76 338
After tax
94 162
88 199
96 458
98 662
Living cost
34 525
34 525
34 525
34 525
Free-cash
59 637
53 674
61 933
64 137

Estimated living cost  is ₽34525 per week

₽21770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57094
₽62703
₽67557
₽65353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
27 144
pensions
-
-
-
31 467
other
-
-
-
5 425
health
-
-
-
7 315
surtax
-
-
-
-
social contributions
-
-
-
4 987
total
-
-
-
76 338
Employee
38 552
-
135 756
-
social contributions
1 099
-
3 868
-
surtax
-
-
-
-
income
1 988
-
26 120
-
pensions
4 360
-
9 309
-
total
7 447
-
39 297
-
Employer
38 552
-
135 756
-
other
1 331
-
5 240
-
social contributions
115
-
408
-
unemployment
1 561
-
5 498
-
pensions
6 335
-
15 694
-
health
2 698
-
12 405
-
total
12 040
-
39 245
-
Corporate
124 409
175 000
-
-
surtax
-
-
-
-
income
34 834
49 001
-
-
total
34 834
49 001
-
-
Dividends
89 575
125 999
-
-
surtax
-
-
-
-
social contributions
15 406
21 672
-
-
withholding
11 465
16 128
-
-
total
26 871
37 800
-
-
Income
175 000
175 000
175 000
175 000
Total tax
81 192
86 801
78 542
76 338
After tax
93 808
88 199
96 458
98 662
Living cost
31 105
31 105
31 105
31 105
Free-cash
62 703
57 094
65 353
67 557

Estimated living cost  is ₽31105 per week

₽18039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85367
₽85892
₽90985
₽87458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
26 251
health
-
-
-
12 216
social contributions
-
-
-
24 150
total
-
-
-
62 617
Employee
34 215
-
175 000
-
social contributions
4 722
-
24 150
-
health
2 388
-
12 216
-
income
5 707
-
29 778
-
total
12 817
-
66 144
-
Employer
34 215
-
175 000
-
total
-
-
-
-
Corporate
140 785
175 000
-
-
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%.

7 039
8 750
-
-
total
7 039
8 750
-
-
Dividends
133 746
166 250
-
-
health
9 336
11 605
-
-
social contributions
18 457
22 943
-
-
withholding
20 061
24 937
-
-
total
47 854
59 485
-
-
Income
175 000
175 000
175 000
175 000
Total tax
67 710
68 235
66 144
62 617
After tax
107 290
106 765
108 856
112 383
Living cost
21 398
21 398
21 398
21 398
Free-cash
85 892
85 367
87 458
90 985

Estimated living cost  is ₽21398 per week

₽14320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61298
₽59735
₽54253
₽10872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
chamber of commerce
-
-
-
701
income
-
-
-
47 273
pensions
-
-
-
21 810
unemployment
-
-
-
6 189
health
-
-
-
9 018
surtax
-
-
-
199
total
-
-
-
85 190
Employee
50 431
40 215
139 310
-
other
504
402
1 180
-
health
1 951
1 557
4 561
-
income
5 741
2 966
37 662
-
pensions
5 165
4 117
12 072
-
unemployment
1 513
1 206
3 537
-
total
14 874
10 248
59 012
-
Employer
50 431
40 215
139 310
-
accident
655
523
1 532
-
other
2 396
1 909
6 434
-
chamber of commerce
201
161
557
-
unemployment
1 513
1 206
3 537
-
surtax
199
199
199
-
pensions
6 329
5 048
14 795
-
payroll
1 513
1 206
4 179
-
health
1 905
1 520
4 456
-
total
14 711
11 772
35 689
-
Corporate
109 858
123 012
135 480
-
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.

27 465
30 753
33 870
-
total
27 465
30 753
33 870
-
Dividends
82 393
92 259
-
-
withholding
22 658
25 372
-
-
total
22 658
25 372
-
-
Income
175 000
175 000
175 000
175 000
Total tax
79 708
78 145
128 571
85 190
After tax
95 292
96 855
46 429
89 810
Living cost
35 557
35 557
35 557
35 557
Free-cash
59 735
61 298
10 872
54 253

Estimated living cost  is ₽35557 per week

₽23715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61084
₽45949
₽39058
₽24970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
national
-
-
-
64 998
communal

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

-
-
-
8 991
social contributions
-
-
-
25 159
total
-
-
-
99 148
Employee

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

72 183
-
135 546
-
communal

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

3 765
-
7 070
-
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.

3 391
-
6 371
-
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.

5 414
-
10 167
-
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.

628
-
1 180
-
national
22 192
-
48 993
-
total
35 390
-
73 781
-
Employer

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

72 183
-
135 546
-
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.

938
-
1 762
-
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.

1 053
-
1 978
-
surtax
8 185
-
15 370
-
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.

6 396
-
12 009
-
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.

4 439
-
8 336
-
total
21 011
-
39 455
-
Corporate
81 806
175 000
-
-
surtax
327
701
-
-
income
16 362
35 000
-
-
total
16 689
35 701
-
-
Dividends
65 117
139 299
-
-
withholding

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

19 167
41 421
-
-
total
19 167
41 421
-
-
Income
175 000
175 000
175 000
175 000
Total tax
92 257
77 122
113 236
99 148
After tax
82 743
97 878
61 764
75 852
Living cost
36 794
36 794
36 794
36 794
Free-cash
45 949
61 084
24 970
39 058

Estimated living cost  is ₽36794 per week

₽23700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3217
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80238
₽73260
₽61797
₽57562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
843
income
-
-
-
48 699
pensions
-
-
-
26 469
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
76 760
Employee
50 231
-
145 182
-
other
50
-
94
-
income
10 598
-
45 235
-
pensions
2 361
-
4 397
-
unemployment
779
-
1 450
-
total
13 788
-
51 176
-
Employer
50 231
-
145 182
-
accident
994
-
1 852
-
other
400
-
749
-
unemployment
2 763
-
5 144
-
pensions
11 854
-
22 074
-
total
16 011
-
29 819
-
Corporate
108 758
175 000
-
-
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.

16 314
26 251
-
-
total
16 314
26 251
-
-
Dividends
92 444
148 749
-
-
withholding
19 184
32 068
-
-
total
19 184
32 068
-
-
Income
175 000
175 000
175 000
175 000
Total tax
65 297
58 319
80 995
76 760
After tax
109 703
116 681
94 005
98 240
Living cost
36 443
36 443
36 443
36 443
Free-cash
73 260
80 238
57 562
61 797

Estimated living cost  is ₽36443 per week

₽26837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47704
₽34946
₽31991
₽38965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
1 475
income
-
-
-
28 433
pensions
-
-
-
26 231
health
-
-
-
12 296
surtax
-
-
-
8 675
communal
-
-
-
11 059
total
-
-
-
88 169
Employee
76 419
-
156 319
-
health
3 401
-
6 957
-
surtax
4 684
-
9 581
-
income
7 381
-
33 471
-
pensions
6 113
-
12 505
-
total
21 579
-
62 514
-
Employer
76 419
-
156 319
-
accident
687
-
1 408
-
pensions
6 113
-
12 505
-
health
2 331
-
4 768
-
total
9 131
-
18 681
-
Corporate
89 450
175 000
-
-
surtax
938
1 838
-
-
communal
6 038
11 812
-
-
income
13 418
26 251
-
-
total
20 394
39 901
-
-
Dividends
69 055
135 099
-
-
income
23 752
12 291
-
-
withholding
10 358
20 264
-
-
total
34 110
32 555
-
-
Income
175 000
175 000
175 000
175 000
Total tax
85 214
72 456
81 195
88 169
After tax
89 786
102 544
93 805
86 831
Living cost
54 839
54 839
54 839
54 839
Free-cash
34 946
47 704
38 965
31 991

Estimated living cost  is ₽54839 per week

₽41138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87408
₽84200
₽60184
₽54012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
48 051
pensions
-
-
-
26 936
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
7 371
total
-
-
-
92 150
Employee
33 983
-
146 651
-
other
-
-
-
-
health
867
-
3 434
-
surtax
121
-
6 164
-
income
5 697
-
42 017
-
pensions
2 267
-
8 983
-
unemployment
2 365
-
9 374
-
total
11 317
-
69 972
-
Employer
33 983
-
146 651
-
other
-
-
-
-
unemployment
1 078
-
4 269
-
pensions
4 531
-
17 953
-
health
1 545
-
6 128
-
total
7 154
-
28 350
-
Corporate
133 862
175 000
-
-
income
34 805
45 500
-
-
total
34 805
45 500
-
-
Dividends
99 057
129 500
-
-
withholding
14 858
19 426
-
-
total
14 858
19 426
-
-
Income
175 000
175 000
175 000
175 000
Total tax
68 134
64 926
98 322
92 150
After tax
106 866
110 074
76 678
82 850
Living cost
22 666
22 666
22 666
22 666
Free-cash
84 200
87 408
54 012
60 184

Estimated living cost  is ₽22666 per week

₽13684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽527
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64801
₽62561
₽56040
₽48176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
1 040
regional
-
-
-
2 638
national
-
-
-
43 089
social contributions
-
-
-
45 010
total
-
-
-
91 777
Employee
55 977
-
175 000
-
social contributions
18 876
-
59 010
-
regional
754
-
2 354
-
municipal
297
-
929
-
national
8 868
-
37 348
-
total
28 795
-
99 641
-
Employer
55 977
-
175 000
-
total
-
-
-
-
Corporate
119 023
175 000
-
-
nationa
28 566
41 999
-
-
municipal
5 915
8 698
-
-
total
34 481
50 697
-
-
Dividends
84 542
124 303
-
-
withholding
21 980
32 319
-
-
total
21 980
32 319
-
-
Income
175 000
175 000
175 000
175 000
Total tax
85 256
83 016
99 641
91 777
After tax
89 744
91 984
75 359
83 223
Living cost
27 183
27 183
27 183
27 183
Free-cash
62 561
64 801
48 176
56 040

Estimated living cost  is ₽27183 per week

₽16906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90707
₽80084
₽69330
₽61601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
17 490
health
-
-
-
23 625
solidarity contribution
-
-
-
-
social contributions
-
-
-
34 775
total
-
-
-
75 890
Employee
43 794
-
133 235
-
social contributions
2 847
-
7 741
-
health
5 912
-
17 987
-
solidarity contribution
-
-
-
-
income
5 255
-
16 126
-
total
14 014
-
41 854
-
Employer
43 794
-
133 235
-
social contributions
10 949
-
29 774
-
health
3 941
-
11 991
-
total
14 890
-
41 765
-
Corporate
116 316
175 000
-
-
income
22 100
33 250
-
-
total
22 100
33 250
-
-
Dividends
94 216
141 750
-
-
withholding
14 132
21 263
-
-
total
14 132
21 263
-
-
Income
175 000
175 000
175 000
175 000
Total tax
65 136
54 513
83 619
75 890
After tax
109 864
120 487
91 381
99 110
Living cost
29 780
29 780
29 780
29 780
Free-cash
80 084
90 707
61 601
69 330

Estimated living cost  is ₽29780 per week

₽22146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1650
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.
₽5469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64770
₽64270
₽57815
₽14285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
chamber of commerce
-
-
-
701
income
-
-
-
47 273
pensions
-
-
-
21 810
unemployment
-
-
-
6 189
health
-
-
-
9 018
surtax
-
-
-
-
total
-
-
-
84 991
Employee
44 111
40 215
139 496
-
other
440
402
1 180
-
health
1 706
1 557
4 561
-
income
3 930
2 966
37 752
-
pensions
4 517
4 117
12 072
-
unemployment
1 323
1 206
3 537
-
total
11 916
10 248
59 102
-
Employer
44 111
40 215
139 496
-
accident
573
523
1 532
-
other
2 095
1 909
6 442
-
chamber of commerce
176
161
557
-
unemployment
1 323
1 206
3 537
-
surtax
-
-
-
-
pensions
5 536
5 048
14 795
-
payroll
1 323
1 206
4 184
-
health
1 668
1 520
4 456
-
total
12 694
11 573
35 503
-
Corporate
118 194
123 211
135 666
-
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.

29 548
30 803
33 916
-
total
29 548
30 803
33 916
-
Dividends
88 646
92 409
-
-
withholding
24 378
25 412
-
-
total
24 378
25 412
-
-
Income
175 000
175 000
175 000
175 000
Total tax
78 536
78 036
128 521
84 991
After tax
96 464
96 964
46 479
90 009
Living cost
32 194
32 194
32 194
32 194
Free-cash
64 270
64 770
14 285
57 815

Estimated living cost  is ₽32194 per week

₽19313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3288
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.
₽9020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽152101
₽149449
₽159101
₽125851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
175 000
microenterprise

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

-
-
-
1 750
total
-
-
-
1 750
Employee
17 686
-
175 000
-
income
3 537
-
35 000
-
total
3 537
-
35 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

157 314
175 000
-
-
total
-
-
-
-
Dividends
157 314
175 000
-
-
withholding
7 865
8 750
-
-
total
7 865
8 750
-
-
Income
175 000
175 000
175 000
175 000
Total tax
11 402
8 750
35 000
1 750
After tax
163 598
166 250
140 000
173 250
Living cost
14 149
14 149
14 149
14 149
Free-cash
149 449
152 101
125 851
159 101

Estimated living cost  is ₽14149 per week

₽9574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93421
₽84981
₽58544
₽53910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
income
-
-
-
39 948
pensions
-
-
-
31 959
unemployment
-
-
-
262
health
-
-
-
17 220
total
-
-
-
89 389
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.

44 623
-
151 425
-
health
2 882
-
9 782
-
income
7 695
-
36 983
-
pensions
6 917
-
23 470
-
unemployment
63
-
213
-
total
17 557
-
70 448
-
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.

44 623
-
151 425
-
unemployment
27
-
90
-
pensions
3 949
-
13 401
-
health
2 972
-
10 084
-
total
6 948
-
23 575
-
Corporate
123 429
175 000
-
-
income
23 451
33 250
-
-
total
23 451
33 250
-
-
Dividends
99 978
141 750
-
-
withholding
14 996
21 262
-
-
total
14 996
21 262
-
-
Income
175 000
175 000
175 000
175 000
Total tax
62 952
54 512
94 023
89 389
After tax
112 048
120 488
80 977
85 611
Living cost
27 067
27 067
27 067
27 067
Free-cash
84 981
93 421
53 910
58 544

Estimated living cost  is ₽27067 per week

₽18575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62905
₽14880
₽77374
₽118152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
34 111
social contributions
-
-
-
19 950
total
-
-
-
54 061
Employee
62 466
-
-
-
social contributions
5 122
-
730
-
income
13 779
-
-
-
total
18 901
-
730
-
Employer
62 466
-
-
-
social contributions
88 077
-
12 553
-
total
88 077
-
12 553
-
Corporate
24 456
175 000
-
-
income
5 380
38 500
-
-
total
5 380
38 500
-
-
Dividends
19 076
136 500
-
-
income
4 197
30 030
-
-
total
4 197
30 030
-
-
Income
175 000
175 000
175 000
175 000
Total tax
116 555
68 530
13 283
54 061
After tax
58 445
106 470
161 717
120 939
Living cost
43 565
43 565
43 565
43 565
Free-cash
14 880
62 905
118 152
77 374

Estimated living cost  is ₽43565 per week

₽28267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₽67886
₽66871
₽62235
₽48978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
income
-
-
-
20 300
surtax
-
-
-
-
social contributions

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

-
-
-
60 812
total
-
-
-
81 112
Employee
46 411
-
141 413
-
social contributions
5 105
-
15 555
-
surtax
-
-
-
-
income
9 654
-
45 229
-
total
14 759
-
60 784
-
Employer
46 411
-
141 413
-
social contributions
11 023
-
33 585
-
total
11 023
-
33 585
-
Corporate
117 566
175 000
-
-
surtax
-
-
-
-
income
24 688
36 751
-
-
total
24 688
36 751
-
-
Dividends
92 878
138 249
-
-
withholding
26 006
38 710
-
-
total
26 006
38 710
-
-
Income
175 000
175 000
175 000
175 000
Total tax
76 476
75 461
94 369
81 112
After tax
98 524
99 539
80 631
93 888
Living cost
31 653
31 653
31 653
31 653
Free-cash
66 871
67 886
48 978
62 235

Estimated living cost  is ₽31653 per week

₽23683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽39460
₽46398
₽49923
₽47719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
27 144
pensions
-
-
-
31 467
other
-
-
-
5 425
health
-
-
-
7 315
surtax
-
-
-
-
social contributions
-
-
-
4 987
total
-
-
-
76 338
Employee
63 203
-
135 756
-
social contributions
1 800
-
3 868
-
surtax
-
-
-
-
income
5 515
-
26 120
-
pensions
7 149
-
9 309
-
total
14 464
-
39 297
-
Employer
63 203
-
135 756
-
other
2 181
-
5 240
-
social contributions
190
-
408
-
unemployment
2 560
-
5 498
-
pensions
10 385
-
15 694
-
health
4 424
-
12 405
-
total
19 740
-
39 245
-
Corporate
92 057
175 000
-
-
surtax
-
-
-
-
income
25 776
49 001
-
-
total
25 776
49 001
-
-
Dividends
66 282
125 999
-
-
surtax
-
-
-
-
social contributions
11 400
21 672
-
-
withholding
8 483
16 128
-
-
total
19 883
37 800
-
-
Income
175 000
175 000
175 000
175 000
Total tax
79 863
86 801
78 542
76 338
After tax
95 137
88 199
96 458
98 662
Living cost
48 739
48 739
48 739
48 739
Free-cash
46 398
39 460
47 719
49 923

Estimated living cost  is ₽48739 per week

₽32986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽668
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127167
₽123776
₽98645
₽103295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
7 522
social contributions
-
-
-
38 499
total
-
-
-
46 021
Employee
32 442
-
151 515
-
income
-
-
8 039
-
social contributions
2 108
-
9 849
-
total
2 108
-
17 888
-
Employer
32 442
-
151 515
-
social contributions
5 029
-
23 483
-
total
5 029
-
23 483
-
Corporate
137 529
175 000
-
-
income
13 753
17 499
-
-
total
13 753
17 499
-
-
Dividends
123 776
157 501
-
-
total
-
-
-
-
Income
175 000
175 000
175 000
175 000
Total tax
20 890
17 499
41 371
46 021
After tax
154 110
157 501
133 629
128 979
Living cost
30 334
30 334
30 334
30 334
Free-cash
123 776
127 167
103 295
98 645

Estimated living cost  is ₽30334 per week

₽19613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽44958
-₽44958
₽54755
-₽44958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
36 369
pensions
-
-
-
875
national
-
-
-
20 451
labour market
-
-
-
13 930
total
-
-
-
71 625
Employee
205 213
205 213
205 213
-
labour market
16 394
16 394
16 394
-
national
25 070
25 070
25 070
-
municipal
43 699
43 699
43 699
-
pensions
292
292
292
-
total
85 455
85 455
85 455
-
Employer
205 213
205 213
205 213
-
labour market
16 417
16 417
16 417
-
municipal
43 769
43 769
43 769
-
pensions
583
583
583
-
national
25 114
25 114
25 114
-
total
85 883
85 883
85 883
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
175 000
175 000
175 000
175 000
Total tax
171 338
171 338
171 338
71 625
After tax
3 662
3 662
3 662
103 375
Living cost
48 620
48 620
48 620
48 620
Free-cash
-44 958
-44 958
-44 958
54 755

Estimated living cost  is ₽48620 per week

₽33276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10295
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7570
₽10841
₽97892
₽73250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
253
income
-
-
-
48 376
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
55 363
Employee
34 207
-
157 460
-
health
3 917
-
18 029
-
income
4 693
-
36 781
-
pensions
3 852
-
7 654
-
total
12 462
-
62 464
-
Employer
34 207
-
157 460
-
accident
571
-
2 630
-
unemployment
838
-
3 858
-
pensions
5 562
-
11 053
-
total
6 971
-
17 541
-
Corporate
133 822
175 000
-
-
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.

120 439
157 500
-
-
total
120 439
157 500
-
-
Dividends
13 382
17 500
-
-
withholding
2 542
3 325
-
-
total
2 542
3 325
-
-
Income
175 000
175 000
175 000
175 000
Total tax
142 414
160 825
80 005
55 363
After tax
32 586
14 175
94 995
119 637
Living cost
21 745
21 745
21 745
21 745
Free-cash
10 841
-7 570
73 250
97 892

Estimated living cost  is ₽21745 per week

₽15828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1240
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.
₽4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71085
₽73557
₽74531
₽53236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
175 000
municipal
-
-
-
31 092
health
-
-
-
2 273
national
-
-
-
28 361
total
-
-
-
61 726
Employee
53 092
-
147 219
-
health
396
-
1 846
-
municipal
8 696
-
23 981
-
pensions
3 583
-
9 937
-
unemployment
797
-
2 208
-
national
877
-
17 269
-
total
14 349
-
55 241
-
Employer
53 092
-
147 219
-
accident
54
-
147
-
unemployment
345
-
957
-
pensions
9 211
-
25 542
-
health
408
-
1 134
-
total
10 018
-
27 780
-
Corporate
111 891
175 000
-
-
income
22 379
35 000
-
-
total
22 379
35 000
-
-
Dividends

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

67 134
105 000
-
-
national
3 870
11 271
-
-
municipal
12 084
18 901
-
-
total
15 954
30 172
-
-
Income
175 000
175 000
175 000
175 000
Total tax
62 700
65 172
83 021
61 726
After tax
112 300
109 828
91 979
113 274
Living cost
38 743
38 743
38 743
38 743
Free-cash
73 557
71 085
53 236
74 531

Estimated living cost  is ₽38743 per week

₽25307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽617
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104310
₽98817
₽96387
₽94838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
34 460
health
-
-
-
4 462
social contributions
-
-
-
16 327
total
-
-
-
55 249
Employee
77 596
77 596
163 292
-
social contributions
2 934
6 440
8 686
-
health
601
1 319
2 777
-
income
8 449
7 183
33 627
-
total
11 984
14 942
45 090
-
Employer
77 596
77 596
163 292
-
social contributions
2 934
6 440
8 686
-
health
653
1 436
3 022
-
total
3 587
7 876
11 708
-
Corporate
136 065
89 527
-
-
income
17 009
11 191
-
-
total
17 009
11 191
-
-
Dividends
119 056
78 336
-
-
withholding
20 239
13 317
-
-
total
20 239
13 317
-
-
Income
175 000
175 000
175 000
175 000
Total tax
52 819
47 326
56 798
55 249
After tax
122 181
127 674
118 202
119 751
Living cost
23 364
23 364
23 364
23 364
Free-cash
98 817
104 310
94 838
96 387

Estimated living cost  is ₽23364 per week

₽14002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128895
₽123760
₽131095
₽110856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
175 000
income
-
-
-
17 783
pensions
-
-
-
6 419
unemployment
-
-
-
29
health
-
-
-
3 652
total
-
-
-
27 883
Employee

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

23 163
-
165 138
-
health
1 969
-
8 139
-
income
1 584
-
15 280
-
pensions
3 474
-
14 362
-
unemployment
115
-
479
-
total
7 142
-
38 260
-
Employer

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

23 163
-
165 138
-
unemployment
115
-
479
-
pensions
1 273
-
5 266
-
health
996
-
4 117
-
total
2 384
-
9 862
-
Corporate
149 453
175 000
-
-
income
13 451
15 751
-
-
total
13 451
15 751
-
-
Dividends
136 002
159 249
-
-
withholding
12 241
14 332
-
-
total
12 241
14 332
-
-
Income
175 000
175 000
175 000
175 000
Total tax
35 218
30 083
48 122
27 883
After tax
139 782
144 917
126 878
147 117
Living cost
16 022
16 022
16 022
16 022
Free-cash
123 760
128 895
110 856
131 095

Estimated living cost  is ₽16022 per week

₽10222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88931
₽84477
₽70490
₽66255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
843
income
-
-
-
48 699
pensions
-
-
-
26 469
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
76 760
Employee
37 313
-
145 182
-
other
36
-
94
-
income
7 194
-
45 235
-
pensions
1 754
-
4 397
-
unemployment
578
-
1 450
-
total
9 562
-
51 176
-
Employer
37 313
-
145 182
-
accident
739
-
1 852
-
other
299
-
749
-
unemployment
2 053
-
5 144
-
pensions
8 805
-
22 074
-
total
11 896
-
29 819
-
Corporate
125 791
175 000
-
-
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.

18 868
26 251
-
-
total
18 868
26 251
-
-
Dividends
106 923
148 749
-
-
withholding
22 447
32 068
-
-
total
22 447
32 068
-
-
Income
175 000
175 000
175 000
175 000
Total tax
62 773
58 319
80 995
76 760
After tax
112 227
116 681
94 005
98 240
Living cost
27 750
27 750
27 750
27 750
Free-cash
84 477
88 931
66 255
70 490

Estimated living cost  is ₽27750 per week

₽18730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106444
₽105990
₽109375
₽109178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
59 401
pensions
-
-
-
2 010
health
-
-
-
1 458
total
-
-
-
62 869
Employee
4 198
-
172 738
-
health
210
-
503
-
income
812
-
59 295
-
pensions
378
-
905
-
unemployment
42
-
101
-
total
1 442
-
60 804
-
Employer
4 198
-
172 738
-
unemployment
84
-
201
-
pensions
462
-
1 106
-
health
399
-
955
-
total
945
-
2 262
-
Corporate
169 858
175 000
-
-
income
37 369
38 500
-
-
total
37 369
38 500
-
-
Dividends
132 489
136 500
-
-
withholding
26 498
27 300
-
-
total
26 498
27 300
-
-
Income
175 000
175 000
175 000
175 000
Total tax
66 254
65 800
63 066
62 869
After tax
108 746
109 200
111 934
112 131
Living cost
2 756
2 756
2 756
2 756
Free-cash
105 990
106 444
109 178
109 375

Estimated living cost  is ₽2756 per week

₽1638
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.
₽832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108984
₽104020
₽89820
₽89821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
income
-
-
-
39 534
pensions
-
-
-
19 392
unemployment
-
-
-
1 119
health
-
-
-
7 682
total
-
-
-
67 727
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.

26 319
-
161 649
-
health
1 355
-
3 841
-
income
3 628
-
39 534
-
pensions
3 685
-
10 442
-
unemployment
197
-
559
-
total
8 865
-
54 376
-
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.

26 319
-
161 649
-
unemployment
197
-
559
-
pensions
3 158
-
8 950
-
health
1 355
-
3 841
-
total
4 710
-
13 350
-
Corporate
143 970
175 000
-
-
income
21 596
26 250
-
-
total
21 596
26 250
-
-
Dividends
122 375
148 750
-
-
withholding
18 356
22 313
-
-
total
18 356
22 313
-
-
Income
175 000
175 000
175 000
175 000
Total tax
53 527
48 563
67 726
67 727
After tax
121 473
126 437
107 274
107 273
Living cost
17 453
17 453
17 453
17 453
Free-cash
104 020
108 984
89 821
89 820

Estimated living cost  is ₽17453 per week

₽11751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72334
₽71971
₽66683
₽53426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
income
-
-
-
20 300
surtax
-
-
-
-
social contributions

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

-
-
-
60 812
total
-
-
-
81 112
Employee
39 166
-
141 413
-
social contributions
4 309
-
15 555
-
surtax
-
-
-
-
income
7 653
-
45 229
-
total
11 962
-
60 784
-
Employer
39 166
-
141 413
-
social contributions
9 301
-
33 585
-
total
9 301
-
33 585
-
Corporate
126 533
175 000
-
-
surtax
-
-
-
-
income
26 572
36 751
-
-
total
26 572
36 751
-
-
Dividends
99 961
138 249
-
-
withholding
27 989
38 710
-
-
total
27 989
38 710
-
-
Income
175 000
175 000
175 000
175 000
Total tax
75 824
75 461
94 369
81 112
After tax
99 176
99 539
80 631
93 888
Living cost
27 205
27 205
27 205
27 205
Free-cash
71 971
72 334
53 426
66 683

Estimated living cost  is ₽27205 per week

₽19269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81216
₽74581
₽62775
₽58540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
843
income
-
-
-
48 699
pensions
-
-
-
26 469
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
76 760
Employee
48 736
-
145 182
-
other
48
-
94
-
income
10 179
-
45 235
-
pensions
2 290
-
4 397
-
unemployment
755
-
1 450
-
total
13 272
-
51 176
-
Employer
48 736
-
145 182
-
accident
965
-
1 852
-
other
391
-
749
-
unemployment
2 681
-
5 144
-
pensions
11 501
-
22 074
-
total
15 538
-
29 819
-
Corporate
110 726
175 000
-
-
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.

16 609
26 251
-
-
total
16 609
26 251
-
-
Dividends
94 117
148 749
-
-
withholding
19 535
32 068
-
-
total
19 535
32 068
-
-
Income
175 000
175 000
175 000
175 000
Total tax
64 954
58 319
80 995
76 760
After tax
110 046
116 681
94 005
98 240
Living cost
35 465
35 465
35 465
35 465
Free-cash
74 581
81 216
58 540
62 775

Estimated living cost  is ₽35465 per week

₽25469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽132254
₽126101
₽121962
₽128793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
26 250
pensions

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

-
-
-
5 220
unemployment
-
-
-
141
health
-
-
-
4 056
total
-
-
-
35 667
Employee
23 001
-
168 080
-
health
1 058
-
1 622
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
income
2 300
-
16 808
-
pensions

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

2 019
-
3 097
-
total
5 630
-
21 915
-
Employer
23 001
-
168 080
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
unemployment
138
-
212
-
pensions

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

2 535
-
3 887
-
health
1 587
-
2 434
-
total
4 513
-
6 921
-
Corporate
147 486
175 000
-
-
income
14 748
17 500
-
-
total
14 748
17 500
-
-
Dividends
132 738
157 500
-
-
withholding
6 637
7 875
-
-
total
6 637
7 875
-
-
Income
175 000
175 000
175 000
175 000
Total tax
31 528
25 375
28 836
35 667
After tax
143 472
149 625
146 164
139 333
Living cost
17 371
17 371
17 371
17 371
Free-cash
126 101
132 254
128 793
121 962

Estimated living cost  is ₽17371 per week

₽11489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51109
₽64309
₽54018
₽72398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
trade
-
-
-
18 380
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.

-
-
-
53 790
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.

-
-
-
6 894
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.

-
-
-
2 959
total
-
-
-
82 023
Employee

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

50 210
-
175 000
-
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.

6 894
-
6 894
-
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.

228
-
2 959
-
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.

4 129
-
53 790
-
total
11 251
-
63 643
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
124 790
175 000
-
-
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.

1 030
1 444
-
-
income
18 719
26 251
-
-
trade
17 907
25 113
-
-
chamber of commerce
337
410
-
-
total
37 993
53 218
-
-
Dividends
86 797
121 783
-
-
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.

1 172
1 653
-
-
withholding
21 316
30 061
-
-
total
22 488
31 714
-
-
Income
175 000
175 000
175 000
175 000
Total tax
71 732
84 932
63 643
82 023
After tax
103 268
90 068
111 357
92 977
Living cost
38 959
38 959
38 959
38 959
Free-cash
64 309
51 109
72 398
54 018

Estimated living cost  is ₽38959 per week

₽26875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65017
₽67242
₽35062
₽35062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
53 321
social contributions
-
-
-
29 133
total
-
-
-
82 454
Employee
78 935
-
175 000
-
income
14 895
-
53 321
-
social contributions
6 558
-
29 133
-
total
21 453
-
82 454
-
Employer
78 935
-
175 000
-
total
-
-
-
-
Corporate
96 065
175 000
-
-
income
12 009
21 875
-
-
total
12 009
21 875
-
-
Dividends
84 056
153 125
-
-
withholding
16 812
30 624
-
-
total
16 812
30 624
-
-
Income
175 000
175 000
175 000
175 000
Total tax
50 274
52 499
82 454
82 454
After tax
124 726
122 501
92 546
92 546
Living cost
57 484
57 484
57 484
57 484
Free-cash
67 242
65 017
35 062
35 062

Estimated living cost  is ₽57484 per week

₽43733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71787
₽75315
₽102903
₽87964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
income
-
-
-
28 725
health

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

-
-
-
6 741
total
-
-
-
35 466
Employee
46 292
-
170 358
-
income
5 023
-
41 121
-
social contributions
4 638
-
4 642
-
total
9 661
-
45 763
-
Employer
46 292
-
170 358
-
social contributions
4 638
-
4 642
-
total
4 638
-
4 642
-
Corporate
124 070
175 000
-
-
income
43 424
61 251
-
-
total
43 424
61 251
-
-
Dividends
80 645
113 749
-
-
social contributions
5 331
5 331
-
-
total
5 331
5 331
-
-
Income
175 000
175 000
175 000
175 000
Total tax
63 054
66 582
50 405
35 466
After tax
111 946
108 418
124 595
139 534
Living cost
36 631
36 631
36 631
36 631
Free-cash
75 315
71 787
87 964
102 903

Estimated living cost  is ₽36631 per week

₽24129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽77304
₽83300
₽78686
₽62826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
income
-
-
-
49 657
pensions
-
-
-
9 044
total
-
-
-
58 701
Employee
51 629
-
152 902
-
health
673
-
2 230
-
income
9 402
-
39 084
-
pensions
3 941
-
11 149
-
total
14 016
-
52 463
-
Employer
51 629
-
152 902
-
pensions
5 216
-
19 192
-
health
981
-
2 906
-
total
6 197
-
22 098
-
Corporate
117 174
175 000
-
-
income

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

22 263
33 250
-
-
total
22 263
33 250
-
-
Dividends
94 911
141 750
-
-
withholding
11 611
26 833
-
-
total
11 611
26 833
-
-
Income
175 000
175 000
175 000
175 000
Total tax
54 087
60 083
74 561
58 701
After tax
120 913
114 917
100 439
116 299
Living cost
37 613
37 613
37 613
37 613
Free-cash
83 300
77 304
62 826
78 686

Estimated living cost  is ₽37613 per week

₽25802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽9723
₽10511
₽95739
₽71097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
accident
-
-
-
253
income
-
-
-
48 376
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
55 363
Employee
37 593
-
157 460
-
health
4 304
-
18 029
-
income
5 157
-
36 781
-
pensions
4 233
-
7 654
-
total
13 694
-
62 464
-
Employer
37 593
-
157 460
-
accident
628
-
2 630
-
unemployment
921
-
3 858
-
pensions
6 112
-
11 053
-
total
7 661
-
17 541
-
Corporate
129 746
175 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

116 771
157 500
-
-
total
116 771
157 500
-
-
Dividends
12 975
17 500
-
-
withholding
2 465
3 325
-
-
total
2 465
3 325
-
-
Income
175 000
175 000
175 000
175 000
Total tax
140 591
160 825
80 005
55 363
After tax
34 409
14 175
94 995
119 637
Living cost
23 898
23 898
23 898
23 898
Free-cash
10 511
-9 723
71 097
95 739

Estimated living cost  is ₽23898 per week

₽17539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1393
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.
₽4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽133632
₽128909
₽88176
₽110368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
175 000
work injury
-
-
-
807
health insurance
-
-
-
11 943
income
-
-
-
28 811
pensions
-
-
-
29 695
unemployment
-
-
-
1 937
total
-
-
-
73 193
Employee

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

21 810
-
175 000
-
work injury
109
-
403
-
income
2 181
-
28 811
-
pensions
4 013
-
14 848
-
health insurance
1 614
-
5 971
-
unemployment
262
-
968
-
total
8 179
-
51 001
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
153 190
175 000
-
-
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%.

1 532
1 750
-
-
total
1 532
1 750
-
-
Dividends
151 658
173 250
-
-
withholding
22 749
25 987
-
-
total
22 749
25 987
-
-
Income
175 000
175 000
175 000
175 000
Total tax
32 460
27 737
51 001
73 193
After tax
142 540
147 263
123 999
101 807
Living cost
13 631
13 631
13 631
13 631
Free-cash
128 909
133 632
110 368
88 176

Estimated living cost  is ₽13631 per week

₽8445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51978
₽47387
₽41525
₽33844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
175 000
municipal
-
-
-
1 170
regional
-
-
-
4 005
national
-
-
-
43 089
social contributions
-
-
-
45 010
total
-
-
-
93 274
Employee
85 034
-
175 000
-
social contributions
28 673
-
59 010
-
regional
1 284
-
3 553
-
municipal
507
-
1 044
-
national
14 370
-
37 348
-
total
44 834
-
100 955
-
Employer
85 034
-
175 000
-
total
-
-
-
-
Corporate
89 966
175 000
-
-
nationa
21 591
41 999
-
-
municipal
4 336
8 436
-
-
total
25 927
50 435
-
-
Dividends
64 039
124 565
-
-
withholding
16 651
32 386
-
-
total
16 651
32 386
-
-
Income
175 000
175 000
175 000
175 000
Total tax
87 412
82 821
100 955
93 274
After tax
87 588
92 179
74 045
81 726
Living cost
40 201
40 201
40 201
40 201
Free-cash
47 387
51 978
33 844
41 525

Estimated living cost  is ₽40201 per week

₽28238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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