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
₽ 187500
per

Your estimated
City
free-cash

Dresden , Germany
₽64421
₽87996
₽65747
₽75425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
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.

-
-
-
59 324
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.

-
-
-
3 263
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.

-
-
-
6 794
trade
-
-
-
22 249
total
-
-
-
91 630
Employee

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

38 038
-
187 500
-
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
-
3 263
-
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.

1 063
-
59 324
-
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.

6 794
-
6 794
-
total
7 916
-
69 381
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
149 462
187 500
-
-
income
22 419
28 126
-
-
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.

1 232
1 548
-
-
chamber of commerce
366
421
-
-
trade
23 540
29 532
-
-
total
47 557
59 627
-
-
Dividends
101 905
127 874
-
-
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.

1 380
1 738
-
-
withholding
25 099
31 591
-
-
total
26 479
33 329
-
-
Income
187 500
187 500
187 500
187 500
Total tax
81 952
92 956
69 381
91 630
After tax
105 548
94 544
118 119
95 870
Living cost
30 123
30 123
30 123
30 123
Free-cash
75 425
64 421
87 996
65 747

Estimated living cost  is ₽30123 per week

₽18948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64333
₽58502
₽57495
₽63456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
social contributions
-
-
-
2 016
municipal
-
-
-
20 572
national
-
-
-
32 250
pensions
-
-
-
22 500
total
-
-
-
77 338
Employee
81 644
-
162 092
-
municipal
10 084
-
21 298
-
pensions
3 266
-
6 484
-
national
15 627
-
33 840
-
total
28 977
-
61 622
-
Employer
81 644
-
162 092
-
pensions
6 532
-
12 967
-
social contributions
878
-
1 742
-
total
7 410
-
14 709
-
Corporate
93 058
187 500
-
-
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%.

18 612
37 500
-
-
total
18 612
37 500
-
-
Dividends
74 446
150 000
-
-
withholding
16 378
33 000
-
-
total
16 378
33 000
-
-
Income
187 500
187 500
187 500
187 500
Total tax
71 377
70 500
76 331
77 338
After tax
116 123
117 000
111 169
110 162
Living cost
52 667
52 667
52 667
52 667
Free-cash
63 456
64 333
58 502
57 495

Estimated living cost  is ₽52667 per week

₽35798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽788
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽129310
₽58925
₽45072
₽121151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
35 822
surtax
-
-
-
47 812
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.

-
-
-
38 104
microenterprise
-
-
-
-
total
-
-
-
121 738
Employee
29 060
-
143 196
-
surtax
-
-
20 764
-
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.

3 197
-
13 037
-
income
5 173
-
29 781
-
total
8 370
-
63 582
-
Employer
29 060
-
143 196
-
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.

7 000
-
28 552
-
surtax
-
-
15 751
-
total
7 000
-
44 303
-
Corporate
151 440
187 500
-
-
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%.

30 289
37 500
-
-
total
30 289
37 500
-
-
Dividends

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

121 151
150 000
-
-
total
-
-
-
-
Income
187 500
187 500
187 500
187 500
Total tax
45 659
37 500
107 885
121 738
After tax
141 841
150 000
79 615
65 762
Living cost
20 690
20 690
20 690
20 690
Free-cash
121 151
129 310
58 925
45 072

Estimated living cost  is ₽20690 per week

₽13200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51355
₽76821
₽60998
₽45260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
60 926
health
-
-
-
12 263
pensions
-
-
-
11 652
total
-
-
-
84 841
Employee
84 927
84 927
169 018
-
pensions
15 287
11 652
11 652
-
income

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

13 901
13 901
26 621
-
health
13 035
11 088
12 263
-
total
42 223
36 641
50 536
-
Employer
84 927
84 927
169 018
-
health
5 903
5 903
7 336
-
pensions
5 911
5 911
7 347
-
unemployment
3 057
3 057
3 799
-
total
14 871
14 871
18 482
-
Corporate
88 743
87 701
-
-
income
17 748
17 540
-
-
total
17 748
17 540
-
-
Dividends
70 995
70 161
-
-
income
15 087
14 909
-
-
withholding
10 650
10 523
-
-
total
25 737
25 432
-
-
Income
187 500
187 500
187 500
187 500
Total tax
100 579
94 484
69 018
84 841
After tax
86 921
93 016
118 482
102 659
Living cost
41 661
41 661
41 661
41 661
Free-cash
45 260
51 355
76 821
60 998

Estimated living cost  is ₽41661 per week

₽29524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽662
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61777
₽54187
₽55172
₽60866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
178
other
-
-
-
10 339
unemployment
-
-
-
89
health
-
-
-
5 552
municipal
-
-
-
48 226
national
-
-
-
17 728
pensions
-
-
-
9 618
total
-
-
-
91 730
Employee
57 849
-
159 543
-
municipal
17 250
-
47 576
-
national
-
-
17 183
-
total
17 250
-
64 759
-
Employer
57 849
-
159 543
-
health
3 558
-
5 472
-
pensions
6 253
-
9 618
-
accident
116
-
178
-
unemployment
1 527
-
2 349
-
other
6 722
-
10 339
-
total
18 176
-
27 956
-
Corporate
111 475
187 500
-
-
income
24 525
41 250
-
-
total
24 525
41 250
-
-
Dividends
86 951
146 250
-
-
withholding
26 085
43 875
-
-
total
26 085
43 875
-
-
Income
187 500
187 500
187 500
187 500
Total tax
86 036
85 125
92 715
91 730
After tax
101 464
102 375
94 785
95 770
Living cost
40 598
40 598
40 598
40 598
Free-cash
60 866
61 777
54 187
55 172

Estimated living cost  is ₽40598 per week

₽26907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3984
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.
₽9091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54514
₽79051
₽55813
₽68491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
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.

-
-
-
59 324
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.

-
-
-
3 263
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.

-
-
-
6 794
trade
-
-
-
23 238
total
-
-
-
92 619
Employee

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

50 433
-
187 500
-
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.

238
-
3 263
-
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.

4 333
-
59 324
-
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.

6 794
-
6 794
-
total
11 365
-
69 381
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
137 067
187 500
-
-
income
20 560
28 126
-
-
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.

1 130
1 548
-
-
chamber of commerce
345
417
-
-
trade
22 547
30 844
-
-
total
44 582
60 935
-
-
Dividends
92 484
126 566
-
-
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.

1 251
1 719
-
-
withholding
22 743
31 264
-
-
total
23 994
32 983
-
-
Income
187 500
187 500
187 500
187 500
Total tax
79 941
93 918
69 381
92 619
After tax
107 559
93 582
118 119
94 881
Living cost
39 068
39 068
39 068
39 068
Free-cash
68 491
54 514
79 051
55 813

Estimated living cost  is ₽39068 per week

₽26129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104486
₽93664
₽95283
₽100361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
39 089
social contributions
-
-
-
16 091
health
-
-
-
4 780
total
-
-
-
59 960
Employee
76 473
76 473
175 690
-
social contributions
3 716
6 347
8 561
-
income
8 030
7 079
38 219
-
health
761
1 300
2 988
-
total
12 507
14 726
49 768
-
Employer
76 473
76 473
175 690
-
health
829
1 415
3 250
-
social contributions
3 716
6 347
8 561
-
total
4 545
7 762
11 811
-
Corporate
138 192
103 265
-
-
income
17 274
12 909
-
-
total
17 274
12 909
-
-
Dividends
120 918
90 356
-
-
withholding
20 556
15 360
-
-
total
20 556
15 360
-
-
Income
187 500
187 500
187 500
187 500
Total tax
54 882
50 757
61 579
59 960
After tax
132 618
136 743
125 921
127 540
Living cost
32 257
32 257
32 257
32 257
Free-cash
100 361
104 486
93 664
95 283

Estimated living cost  is ₽32257 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87026
₽90418
₽111613
₽87408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
22 922
unemployment
-
-
-
2 812
health
-
-
-
13 125
pensions
-
-
-
18 750
total
-
-
-
57 609
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.

26 385
10 501
156 904
-
unemployment
396
158
2 354
-
pensions
2 639
1 050
15 690
-
income
3 226
1 284
19 181
-
health
1 847
735
10 983
-
total
8 108
3 227
48 208
-
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.

26 385
10 501
156 904
-
pensions
5 145
2 048
30 596
-
total
5 145
2 048
30 596
-
Corporate
155 969
174 951
-
-
income
14 037
15 746
-
-
total
14 037
15 746
-
-
Dividends
141 932
159 206
-
-
social contributions
27 557
30 925
-
-
withholding
26 967
30 249
-
-
total
54 524
61 174
-
-
Income
187 500
187 500
187 500
187 500
Total tax
81 814
82 195
78 804
57 609
After tax
105 686
105 305
108 696
129 891
Living cost
18 278
18 278
18 278
18 278
Free-cash
87 408
87 026
90 418
111 613

Estimated living cost  is ₽18278 per week

₽12473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125979
₽84051
₽76478
₽119801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
25 125
health
-
-
-
24 376
pensions
-
-
-
37 500
total
-
-
-
87 001
Employee
28 213
-
140 133
-
unemployment
451
-
2 242
-
pensions
564
-
2 803
-
income
3 176
-
27 018
-
total
4 191
-
32 063
-
Employer
28 213
-
140 133
-
health
3 667
-
18 218
-
pensions
5 643
-
28 026
-
unemployment
226
-
1 121
-
total
9 536
-
47 365
-
Corporate
149 751
187 500
-
-
income
29 951
37 500
-
-
total
29 951
37 500
-
-
Dividends
119 800
150 000
-
-
total
-
-
-
-
Income
187 500
187 500
187 500
187 500
Total tax
43 678
37 500
79 428
87 001
After tax
143 822
150 000
108 072
100 499
Living cost
24 021
24 021
24 021
24 021
Free-cash
119 801
125 979
84 051
76 478

Estimated living cost  is ₽24021 per week

₽16476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1431
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.
₽5632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6930
₽80096
₽106021
₽11794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
254
income
-
-
-
52 360
other
-
-
-
373
health
-
-
-
2 192
pensions
-
-
-
4 183
total
-
-
-
59 362
Employee
34 791
-
169 443
-
pensions
3 918
-
7 670
-
income
4 773
-
40 160
-
health
3 984
-
19 401
-
total
12 675
-
67 231
-
Employer
34 791
-
169 443
-
pensions
5 657
-
11 076
-
accident
581
-
2 829
-
unemployment
852
-
4 151
-
total
7 090
-
18 056
-
Corporate
145 619
187 500
-
-
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.

131 057
168 750
-
-
total
131 057
168 750
-
-
Dividends
14 562
18 750
-
-
withholding
2 767
3 563
-
-
total
2 767
3 563
-
-
Income
187 500
187 500
187 500
187 500
Total tax
153 589
172 313
85 287
59 362
After tax
33 911
15 187
102 213
128 138
Living cost
22 117
22 117
22 117
22 117
Free-cash
11 794
-6 930
80 096
106 021

Estimated living cost  is ₽22117 per week

₽16210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1225
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170055
₽141930
₽177555
₽168542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
187 500
microenterprise

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

-
-
-
1 875
total
-
-
-
1 875
Employee
10 087
-
187 500
-
income
2 017
-
37 500
-
total
2 017
-
37 500
-
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%.

177 413
187 500
-
-
total
-
-
-
-
Dividends
177 413
187 500
-
-
withholding
8 871
9 375
-
-
total
8 871
9 375
-
-
Income
187 500
187 500
187 500
187 500
Total tax
10 888
9 375
37 500
1 875
After tax
176 612
178 125
150 000
185 625
Living cost
8 070
8 070
8 070
8 070
Free-cash
168 542
170 055
141 930
177 555

Estimated living cost  is ₽8070 per week

₽5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111255
₽79471
₽80733
₽104541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
30 134
other
-
-
-
7 183
health
-
-
-
6 654
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.

-
-
-
36 296
total
-
-
-
80 267
Employee
36 110
-
149 760
-
unemployment
360
-
1 498
-
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.

2 527
-
10 484
-
income
6 217
-
29 711
-
health
506
-
2 097
-
total
9 610
-
43 790
-
Employer
36 110
-
149 760
-
health
506
-
2 097
-
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.

6 139
-
25 459
-
accident
289
-
1 198
-
unemployment
360
-
1 498
-
other
1 806
-
7 487
-
total
9 100
-
37 739
-
Corporate
142 290
187 500
-
-
income
29 881
39 376
-
-
total
29 881
39 376
-
-
Dividends
112 409
148 124
-
-
withholding
7 868
10 369
-
-
total
7 868
10 369
-
-
Income
187 500
187 500
187 500
187 500
Total tax
56 459
49 745
81 529
80 267
After tax
131 041
137 755
105 971
107 233
Living cost
26 500
26 500
26 500
26 500
Free-cash
104 541
111 255
79 471
80 733

Estimated living cost  is ₽26500 per week

₽18724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1789
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55341
₽40504
₽57398
₽61065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
55 069
pensions
-
-
-
9 144
total
-
-
-
64 213
Employee
93 223
-
163 664
-
pensions
8 993
-
11 144
-
income
16 804
-
43 809
-
health
1 536
-
2 318
-
total
27 333
-
57 271
-
Employer
93 223
-
163 664
-
health
1 770
-
3 109
-
pensions
11 007
-
20 727
-
total
12 777
-
23 836
-
Corporate
81 500
187 500
-
-
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.

15 485
35 624
-
-
total
15 485
35 624
-
-
Dividends
66 015
151 876
-
-
withholding
4 951
30 646
-
-
total
4 951
30 646
-
-
Income
187 500
187 500
187 500
187 500
Total tax
60 546
66 270
81 107
64 213
After tax
126 954
121 230
106 393
123 287
Living cost
65 889
65 889
65 889
65 889
Free-cash
61 065
55 341
40 504
57 398

Estimated living cost  is ₽65889 per week

₽49372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽147275
₽144551
₽137065
₽142656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
28 125
unemployment
-
-
-
139
health
-
-
-
3 994
pensions

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

-
-
-
5 140
total
-
-
-
37 398
Employee
17 262
-
180 686
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
pensions

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

1 516
-
3 050
-
income
1 726
-
18 069
-
health
794
-
1 598
-
total
4 226
-
23 099
-
Employer
17 262
-
180 686
-
health
1 191
-
2 396
-
pensions

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

1 903
-
3 827
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
unemployment
103
-
208
-
total
3 387
-
6 813
-
Corporate
166 850
187 500
-
-
income
16 685
18 750
-
-
total
16 685
18 750
-
-
Dividends
150 166
168 750
-
-
withholding
7 509
8 438
-
-
total
7 509
8 438
-
-
Income
187 500
187 500
187 500
187 500
Total tax
31 807
27 188
29 912
37 398
After tax
155 693
160 312
157 588
150 102
Living cost
13 037
13 037
13 037
13 037
Free-cash
142 656
147 275
144 551
137 065

Estimated living cost  is ₽13037 per week

₽7611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37869
₽63335
₽47512
₽40368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
60 926
health
-
-
-
12 263
pensions
-
-
-
11 652
total
-
-
-
84 841
Employee
92 203
84 927
169 018
-
pensions
11 652
11 652
11 652
-
income

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

13 901
13 901
26 621
-
health
11 503
11 088
12 263
-
total
37 056
36 641
50 536
-
Employer
92 203
84 927
169 018
-
health
6 407
5 903
7 336
-
pensions
6 417
5 911
7 347
-
unemployment
3 320
3 057
3 799
-
total
16 144
14 871
18 482
-
Corporate
79 153
87 701
-
-
income
15 830
17 540
-
-
total
15 830
17 540
-
-
Dividends
63 323
70 161
-
-
income
13 456
14 909
-
-
withholding
9 499
10 523
-
-
total
22 955
25 432
-
-
Income
187 500
187 500
187 500
187 500
Total tax
91 985
94 484
69 018
84 841
After tax
95 515
93 016
118 482
102 659
Living cost
55 147
55 147
55 147
55 147
Free-cash
40 368
37 869
63 335
47 512

Estimated living cost  is ₽55147 per week

₽40680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽632
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104365
₽74464
₽82552
₽95543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
18 991
social contributions
-
-
-
35 584
solidarity contribution
-
-
-
332
health
-
-
-
25 312
total
-
-
-
80 219
Employee
36 366
-
144 068
-
solidarity contribution
-
-
-
-
social contributions
2 364
-
7 921
-
income
4 364
-
17 505
-
health
4 909
-
19 449
-
total
11 637
-
44 875
-
Employer
36 366
-
144 068
-
health
3 273
-
12 966
-
social contributions
9 092
-
30 466
-
total
12 365
-
43 432
-
Corporate
138 769
187 500
-
-
income
26 366
35 625
-
-
total
26 366
35 625
-
-
Dividends
112 403
151 875
-
-
withholding
16 860
22 781
-
-
total
16 860
22 781
-
-
Income
187 500
187 500
187 500
187 500
Total tax
67 228
58 406
88 307
80 219
After tax
120 272
129 094
99 193
107 281
Living cost
24 729
24 729
24 729
24 729
Free-cash
95 543
104 365
74 464
82 552

Estimated living cost  is ₽24729 per week

₽17177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1759
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.
₽5307
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58074
₽38455
₽46927
₽52882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
social contributions
-
-
-
48 225
regional
-
-
-
2 226
municipal
-
-
-
1 113
national
-
-
-
47 044
total
-
-
-
98 608
Employee
88 386
-
187 500
-
municipal
468
-
995
-
national
15 315
-
40 893
-
regional
834
-
1 967
-
social contributions
29 804
-
63 225
-
total
46 421
-
107 080
-
Employer
88 386
-
187 500
-
total
-
-
-
-
Corporate
99 114
187 500
-
-
municipal
3 865
7 313
-
-
nationa
23 787
45 000
-
-
total
27 652
52 313
-
-
Dividends
71 462
135 187
-
-
withholding
18 580
35 148
-
-
total
18 580
35 148
-
-
Income
187 500
187 500
187 500
187 500
Total tax
92 653
87 461
107 080
98 608
After tax
94 847
100 039
80 420
88 892
Living cost
41 965
41 965
41 965
41 965
Free-cash
52 882
58 074
38 455
46 927

Estimated living cost  is ₽41965 per week

₽29253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽644
Clothing and shoes. We estimate one pair of shoes and 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 Milan model

Close
Thessaloniki , Greece
₽95992
₽60541
₽66622
₽92896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
54 121
other
-
-
-
-
surtax
-
-
-
8 617
unemployment
-
-
-
226
health
-
-
-
9 423
pensions
-
-
-
26 546
total
-
-
-
98 933
Employee
32 888
-
159 561
-
other
-
-
-
-
unemployment
2 289
-
9 238
-
pensions
2 193
-
8 853
-
surtax
108
-
7 428
-
income
5 513
-
48 172
-
health
840
-
3 384
-
total
10 943
-
77 075
-
Employer
32 888
-
159 561
-
health
1 497
-
6 039
-
pensions
4 384
-
17 693
-
unemployment
1 042
-
4 207
-
other
-
-
-
-
total
6 923
-
27 939
-
Corporate
147 690
187 500
-
-
income
38 400
48 750
-
-
total
38 400
48 750
-
-
Dividends
109 290
138 750
-
-
withholding
16 393
20 813
-
-
total
16 393
20 813
-
-
Income
187 500
187 500
187 500
187 500
Total tax
72 659
69 563
105 014
98 933
After tax
114 841
117 937
82 486
88 567
Living cost
21 945
21 945
21 945
21 945
Free-cash
92 896
95 992
60 541
66 622

Estimated living cost  is ₽21945 per week

₽13418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2025
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76217
₽61380
₽78274
₽82725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
55 069
pensions
-
-
-
9 144
total
-
-
-
64 213
Employee
62 475
-
163 664
-
pensions
5 303
-
11 144
-
income
11 252
-
43 809
-
health
907
-
2 318
-
total
17 462
-
57 271
-
Employer
62 475
-
163 664
-
health
1 187
-
3 109
-
pensions
6 763
-
20 727
-
total
7 950
-
23 836
-
Corporate
117 075
187 500
-
-
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.

22 244
35 624
-
-
total
22 244
35 624
-
-
Dividends
94 831
151 876
-
-
withholding
12 106
30 646
-
-
total
12 106
30 646
-
-
Income
187 500
187 500
187 500
187 500
Total tax
59 762
66 270
81 107
64 213
After tax
127 738
121 230
106 393
123 287
Living cost
45 013
45 013
45 013
45 013
Free-cash
82 725
76 217
61 380
78 274

Estimated living cost  is ₽45013 per week

₽33724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3374
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.
₽7444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽7085
₽64052
₽72532
₽40739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
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.

-
-
-
3 749
regional
-
-
-
9 484
health
-
-
-
422
city
-
-
-
1 976
national
-
-
-
3 434
pensions
-
-
-
17 250
total
-
-
-
36 315
Employee
92 045
-
167 820
-
unemployment
-
-
-
-
pensions
7 733
-
14 098
-
national
436
-
2 513
-
regional
3 014
-
8 173
-
city
988
-
1 802
-
health
208
-
378
-
total
12 379
-
26 964
-
Employer
92 045
-
167 820
-
health
208
-
378
-
pensions
7 733
-
14 098
-
unemployment
-
-
-
-
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.

1 840
-
3 355
-
total
9 781
-
17 831
-
Corporate
84 662
187 500
-
-
regional
17 906
39 657
-
-
national
7 196
15 937
-
-
total
25 102
55 594
-
-
Dividends
59 560
131 907
-
-
withholding
20 846
46 168
-
-
total
20 846
46 168
-
-
Income
187 500
187 500
187 500
187 500
Total tax
68 108
101 762
44 795
36 315
After tax
119 392
85 738
142 705
151 185
Living cost
78 653
78 653
78 653
78 653
Free-cash
40 739
7 085
64 052
72 532

Estimated living cost  is ₽78653 per week

₽51147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7058
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽966
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19482
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽47057
₽72560
₽48333
₽63190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
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.

-
-
-
59 324
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.

-
-
-
3 263
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.

-
-
-
6 794
trade
-
-
-
24 227
total
-
-
-
93 608
Employee

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

59 768
-
187 500
-
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.

387
-
3 263
-
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.

7 028
-
59 324
-
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.

6 794
-
6 794
-
total
14 209
-
69 381
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
127 732
187 500
-
-
income
19 160
28 126
-
-
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.

1 053
1 548
-
-
chamber of commerce
330
415
-
-
trade
21 905
32 157
-
-
total
42 448
62 246
-
-
Dividends
85 284
125 254
-
-
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.

1 151
1 702
-
-
withholding
20 943
30 936
-
-
total
22 094
32 638
-
-
Income
187 500
187 500
187 500
187 500
Total tax
78 751
94 884
69 381
93 608
After tax
108 749
92 616
118 119
93 892
Living cost
45 559
45 559
45 559
45 559
Free-cash
63 190
47 057
72 560
48 333

Estimated living cost  is ₽45559 per week

₽33274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60474
₽67611
₽71437
₽66348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
30 311
other
-
-
-
5 813
surtax
-
-
-
-
social contributions
-
-
-
5 343
health
-
-
-
8 312
pensions
-
-
-
32 259
total
-
-
-
82 038
Employee
42 563
-
144 602
-
pensions
4 813
-
10 267
-
surtax
-
-
-
-
social contributions
1 214
-
4 120
-
income
2 512
-
28 580
-
total
8 539
-
42 967
-
Employer
42 563
-
144 602
-
health
2 980
-
13 631
-
pensions
6 992
-
17 246
-
unemployment
1 723
-
5 856
-
social contributions
128
-
434
-
other
1 468
-
5 730
-
total
13 291
-
42 897
-
Corporate
131 645
187 500
-
-
income
36 860
52 500
-
-
surtax
-
-
-
-
total
36 860
52 500
-
-
Dividends
94 784
135 000
-
-
surtax
-
-
-
-
social contributions
16 304
23 221
-
-
withholding
12 133
17 280
-
-
total
28 437
40 501
-
-
Income
187 500
187 500
187 500
187 500
Total tax
87 127
93 001
85 864
82 038
After tax
100 373
94 499
101 636
105 462
Living cost
34 025
34 025
34 025
34 025
Free-cash
66 348
60 474
67 611
71 437

Estimated living cost  is ₽34025 per week

₽21454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63845
₽70982
₽74808
₽69372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
30 311
other
-
-
-
5 813
surtax
-
-
-
-
social contributions
-
-
-
5 343
health
-
-
-
8 312
pensions
-
-
-
32 259
total
-
-
-
82 038
Employee
37 994
-
144 602
-
pensions
4 297
-
10 267
-
surtax
-
-
-
-
social contributions
1 083
-
4 120
-
income
1 959
-
28 580
-
total
7 339
-
42 967
-
Employer
37 994
-
144 602
-
health
2 659
-
13 631
-
pensions
6 243
-
17 246
-
unemployment
1 538
-
5 856
-
social contributions
113
-
434
-
other
1 312
-
5 730
-
total
11 865
-
42 897
-
Corporate
137 641
187 500
-
-
income
38 540
52 500
-
-
surtax
-
-
-
-
total
38 540
52 500
-
-
Dividends
99 101
135 000
-
-
surtax
-
-
-
-
social contributions
17 046
23 221
-
-
withholding
12 684
17 280
-
-
total
29 730
40 501
-
-
Income
187 500
187 500
187 500
187 500
Total tax
87 474
93 001
85 864
82 038
After tax
100 026
94 499
101 636
105 462
Living cost
30 654
30 654
30 654
30 654
Free-cash
69 372
63 845
70 982
74 808

Estimated living cost  is ₽30654 per week

₽17778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93303
₽95097
₽99324
₽93822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
28 126
social contributions
-
-
-
25 874
health
-
-
-
13 088
total
-
-
-
67 088
Employee
33 720
-
187 500
-
social contributions
4 654
-
25 874
-
income
5 624
-
32 353
-
health
2 353
-
13 088
-
total
12 631
-
71 315
-
Employer
33 720
-
187 500
-
total
-
-
-
-
Corporate
153 780
187 500
-
-
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%.

7 689
9 376
-
-
total
7 689
9 376
-
-
Dividends
146 092
178 124
-
-
social contributions
20 160
24 582
-
-
withholding
21 913
26 718
-
-
health
10 197
12 433
-
-
total
52 270
63 733
-
-
Income
187 500
187 500
187 500
187 500
Total tax
72 590
73 109
71 315
67 088
After tax
114 910
114 391
116 185
120 412
Living cost
21 088
21 088
21 088
21 088
Free-cash
93 822
93 303
95 097
99 324

Estimated living cost  is ₽21088 per week

₽14113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68582
₽14493
₽61225
₽67046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
53 806
surtax
-
-
-
196
unemployment
-
-
-
6 100
chamber of commerce
-
-
-
749
health
-
-
-
8 887
pensions
-
-
-
21 494
total
-
-
-
91 232
Employee
49 701
39 633
151 302
-
other
496
396
1 163
-
unemployment
1 491
1 189
3 486
-
pensions
5 090
4 058
11 897
-
income
5 658
2 923
43 841
-
health
1 923
1 534
4 495
-
total
14 658
10 100
64 882
-
Employer
49 701
39 633
151 302
-
chamber of commerce
198
159
606
-
health
1 878
1 498
4 392
-
pensions
6 237
4 975
14 581
-
accident
645
515
1 510
-
unemployment
1 491
1 189
3 486
-
surtax
196
196
196
-
payroll
1 491
1 189
4 539
-
other
2 361
1 882
6 889
-
total
14 497
11 603
36 199
-
Corporate
123 301
136 265
147 528
-
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.

30 825
34 067
36 883
-
total
30 825
34 067
36 883
-
Dividends
92 476
102 198
-
-
withholding
25 431
28 105
-
-
total
25 431
28 105
-
-
Income
187 500
187 500
187 500
187 500
Total tax
85 411
83 875
137 964
91 232
After tax
102 089
103 625
49 536
96 268
Living cost
35 043
35 043
35 043
35 043
Free-cash
67 046
68 582
14 493
61 225

Estimated living cost  is ₽35043 per week

₽23372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2989
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.
₽8106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68577
₽29065
₽45107
₽53662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
communal

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

-
-
-
9 763
social contributions
-
-
-
24 795
national
-
-
-
71 574
total
-
-
-
106 132
Employee

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

71 138
-
145 225
-
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.

619
-
1 263
-
communal

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

3 710
-
7 575
-
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.

5 335
-
10 891
-
national
21 871
-
53 345
-
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.

3 342
-
6 826
-
total
34 877
-
79 900
-
Employer

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

71 138
-
145 225
-
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.

4 375
-
8 931
-
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.

6 303
-
12 867
-
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.

925
-
1 889
-
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.

1 038
-
2 119
-
surtax
8 066
-
16 468
-
total
20 707
-
42 274
-
Corporate
95 655
187 500
-
-
income
19 131
37 500
-
-
surtax
383
749
-
-
total
19 514
38 249
-
-
Dividends
76 141
149 251
-
-
withholding

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

22 479
44 413
-
-
total
22 479
44 413
-
-
Income
187 500
187 500
187 500
187 500
Total tax
97 577
82 662
122 174
106 132
After tax
89 923
104 838
65 326
81 368
Living cost
36 261
36 261
36 261
36 261
Free-cash
53 662
68 577
29 065
45 107

Estimated living cost  is ₽36261 per week

₽23357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88915
₽64998
₽69171
₽82105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
830
income
-
-
-
54 760
other
-
-
-
92
unemployment
-
-
-
645
pensions
-
-
-
26 086
total
-
-
-
82 413
Employee
49 504
-
158 113
-
other
49
-
92
-
unemployment
768
-
1 429
-
pensions
2 327
-
4 333
-
income
10 445
-
51 346
-
total
13 589
-
57 200
-
Employer
49 504
-
158 113
-
pensions
11 682
-
21 754
-
accident
979
-
1 825
-
unemployment
2 723
-
5 069
-
other
394
-
738
-
total
15 778
-
29 386
-
Corporate
122 216
187 500
-
-
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.

18 333
28 126
-
-
total
18 333
28 126
-
-
Dividends
103 884
159 374
-
-
withholding
21 779
34 543
-
-
total
21 779
34 543
-
-
Income
187 500
187 500
187 500
187 500
Total tax
69 479
62 669
86 586
82 413
After tax
118 021
124 831
100 914
105 087
Living cost
35 916
35 916
35 916
35 916
Free-cash
82 105
88 915
64 998
69 171

Estimated living cost  is ₽35916 per week

₽26448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
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.
₽6402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54757
₽44748
₽37278
₽41636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
communal
-
-
-
11 850
accident
-
-
-
1 582
income
-
-
-
32 173
surtax
-
-
-
9 295
health
-
-
-
13 173
pensions
-
-
-
28 103
total
-
-
-
96 176
Employee
75 313
-
167 484
-
pensions
6 024
-
13 400
-
surtax
4 616
-
10 265
-
income
7 274
-
37 571
-
health
3 352
-
7 453
-
total
21 266
-
68 689
-
Employer
75 313
-
167 484
-
health
2 297
-
5 109
-
pensions
6 024
-
13 400
-
accident
678
-
1 508
-
total
8 999
-
20 017
-
Corporate
103 188
187 500
-
-
communal
6 966
12 656
-
-
income
15 477
28 126
-
-
surtax
1 083
1 968
-
-
total
23 526
42 750
-
-
Dividends
79 662
144 750
-
-
income
26 077
14 234
-
-
withholding
11 950
21 713
-
-
total
38 027
35 947
-
-
Income
187 500
187 500
187 500
187 500
Total tax
91 818
78 697
88 706
96 176
After tax
95 682
108 803
98 794
91 324
Living cost
54 046
54 046
54 046
54 046
Free-cash
41 636
54 757
44 748
37 278

Estimated living cost  is ₽54046 per week

₽40542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95599
₽60148
₽66229
₽92434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
54 121
other
-
-
-
-
surtax
-
-
-
8 617
unemployment
-
-
-
226
health
-
-
-
9 423
pensions
-
-
-
26 546
total
-
-
-
98 933
Employee
33 491
-
159 561
-
other
-
-
-
-
unemployment
2 331
-
9 238
-
pensions
2 235
-
8 853
-
surtax
119
-
7 428
-
income
5 615
-
48 172
-
health
855
-
3 384
-
total
11 155
-
77 075
-
Employer
33 491
-
159 561
-
health
1 523
-
6 039
-
pensions
4 465
-
17 693
-
unemployment
1 063
-
4 207
-
other
-
-
-
-
total
7 051
-
27 939
-
Corporate
146 958
187 500
-
-
income
38 210
48 750
-
-
total
38 210
48 750
-
-
Dividends
108 748
138 750
-
-
withholding
16 312
20 813
-
-
total
16 312
20 813
-
-
Income
187 500
187 500
187 500
187 500
Total tax
72 728
69 563
105 014
98 933
After tax
114 772
117 937
82 486
88 567
Living cost
22 338
22 338
22 338
22 338
Free-cash
92 434
95 599
60 148
66 229

Estimated living cost  is ₽22338 per week

₽13486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71763
₽53075
₽61500
₽69555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
social contributions
-
-
-
48 225
regional
-
-
-
2 828
municipal
-
-
-
1 113
national
-
-
-
47 044
total
-
-
-
99 210
Employee
55 167
-
187 500
-
municipal
293
-
995
-
national
8 740
-
40 893
-
regional
743
-
2 522
-
social contributions
18 603
-
63 225
-
total
28 379
-
107 635
-
Employer
55 167
-
187 500
-
total
-
-
-
-
Corporate
132 333
187 500
-
-
municipal
6 577
9 319
-
-
nationa
31 761
45 000
-
-
total
38 338
54 319
-
-
Dividends
93 995
133 181
-
-
withholding
24 438
34 628
-
-
total
24 438
34 628
-
-
Income
187 500
187 500
187 500
187 500
Total tax
91 155
88 947
107 635
99 210
After tax
96 345
98 553
79 865
88 290
Living cost
26 790
26 790
26 790
26 790
Free-cash
69 555
71 763
53 075
61 500

Estimated living cost  is ₽26790 per week

₽16661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽98621
₽68720
₽76808
₽87750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
18 991
social contributions
-
-
-
35 584
solidarity contribution
-
-
-
332
health
-
-
-
25 312
total
-
-
-
80 219
Employee
44 813
-
144 068
-
solidarity contribution
-
-
-
-
social contributions
2 913
-
7 921
-
income
5 377
-
17 505
-
health
6 050
-
19 449
-
total
14 340
-
44 875
-
Employer
44 813
-
144 068
-
health
4 033
-
12 966
-
social contributions
11 203
-
30 466
-
total
15 236
-
43 432
-
Corporate
127 451
187 500
-
-
income
24 216
35 625
-
-
total
24 216
35 625
-
-
Dividends
103 235
151 875
-
-
withholding
15 485
22 781
-
-
total
15 485
22 781
-
-
Income
187 500
187 500
187 500
187 500
Total tax
69 277
58 406
88 307
80 219
After tax
118 223
129 094
99 193
107 281
Living cost
30 473
30 473
30 473
30 473
Free-cash
87 750
98 621
68 720
76 808

Estimated living cost  is ₽30473 per week

₽22661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
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.
₽5596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72004
₽17859
₽64736
₽71510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
53 806
surtax
-
-
-
-
unemployment
-
-
-
6 100
chamber of commerce
-
-
-
749
health
-
-
-
8 887
pensions
-
-
-
21 494
total
-
-
-
91 036
Employee
43 473
39 633
151 487
-
other
434
396
1 163
-
unemployment
1 304
1 189
3 486
-
pensions
4 452
4 058
11 897
-
income
3 873
2 923
43 930
-
health
1 682
1 534
4 495
-
total
11 745
10 100
64 971
-
Employer
43 473
39 633
151 487
-
chamber of commerce
174
159
606
-
health
1 644
1 498
4 392
-
pensions
5 456
4 975
14 581
-
accident
564
515
1 510
-
unemployment
1 304
1 189
3 486
-
surtax
-
-
-
-
payroll
1 304
1 189
4 545
-
other
2 065
1 882
6 894
-
total
12 511
11 407
36 014
-
Corporate
131 517
136 461
147 713
-
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.

32 880
34 116
36 928
-
total
32 880
34 116
36 928
-
Dividends
98 637
102 345
-
-
withholding
27 126
28 145
-
-
total
27 126
28 145
-
-
Income
187 500
187 500
187 500
187 500
Total tax
84 262
83 768
137 913
91 036
After tax
103 238
103 732
49 587
96 464
Living cost
31 728
31 728
31 728
31 728
Free-cash
71 510
72 004
17 859
64 736

Estimated living cost  is ₽31728 per week

₽19033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3240
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽566
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽165550
₽137425
₽173050
₽163192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
187 500
microenterprise

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

-
-
-
1 875
total
-
-
-
1 875
Employee
15 719
-
187 500
-
income
3 144
-
37 500
-
total
3 144
-
37 500
-
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%.

171 781
187 500
-
-
total
-
-
-
-
Dividends
171 781
187 500
-
-
withholding
8 589
9 375
-
-
total
8 589
9 375
-
-
Income
187 500
187 500
187 500
187 500
Total tax
11 733
9 375
37 500
1 875
After tax
175 767
178 125
150 000
185 625
Living cost
12 575
12 575
12 575
12 575
Free-cash
163 192
165 550
137 425
173 050

Estimated living cost  is ₽12575 per week

₽8510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽422
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102418
₽59310
₽64198
₽94100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
43 653
unemployment
-
-
-
281
health
-
-
-
18 450
pensions
-
-
-
34 243
total
-
-
-
96 627
Employee

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

43 977
-
162 239
-
unemployment
62
-
226
-
pensions
6 817
-
25 148
-
income
7 584
-
40 400
-
health
2 840
-
10 480
-
total
17 303
-
76 254
-
Employer

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

43 977
-
162 239
-
health
2 929
-
10 805
-
pensions
3 892
-
14 358
-
unemployment
26
-
98
-
total
6 847
-
25 261
-
Corporate
136 676
187 500
-
-
income
25 969
35 626
-
-
total
25 969
35 626
-
-
Dividends
110 707
151 874
-
-
withholding
16 606
22 781
-
-
total
16 606
22 781
-
-
Income
187 500
187 500
187 500
187 500
Total tax
66 725
58 407
101 515
96 627
After tax
120 775
129 093
85 985
90 873
Living cost
26 675
26 675
26 675
26 675
Free-cash
94 100
102 418
59 310
64 198

Estimated living cost  is ₽26675 per week

₽18306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1710
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.
₽6143
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70724
₽130932
₽86227
₽22934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
36 547
social contributions
-
-
-
21 375
total
-
-
-
57 922
Employee
62 160
-
-
-
social contributions
5 097
-
726
-
income
13 711
-
-
-
total
18 808
-
726
-
Employer
62 160
-
-
-
social contributions
87 645
-
12 491
-
total
87 645
-
12 491
-
Corporate
37 695
187 500
-
-
income
8 293
41 250
-
-
total
8 293
41 250
-
-
Dividends
29 402
146 250
-
-
income
6 469
32 175
-
-
total
6 469
32 175
-
-
Income
187 500
187 500
187 500
187 500
Total tax
121 215
73 425
13 217
57 922
After tax
66 285
114 075
174 283
129 578
Living cost
43 351
43 351
43 351
43 351
Free-cash
22 934
70 724
130 932
86 227

Estimated living cost  is ₽43351 per week

₽28128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4077
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽552
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75455
₽54216
₽68430
₽74456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
22 720
surtax
-
-
-
-
social contributions

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

-
-
-
65 156
total
-
-
-
87 876
Employee
45 740
-
151 516
-
surtax
-
-
-
-
social contributions
5 031
-
16 666
-
income
9 514
-
49 440
-
total
14 545
-
66 106
-
Employer
45 740
-
151 516
-
social contributions
10 863
-
35 984
-
total
10 863
-
35 984
-
Corporate
130 897
187 500
-
-
income
27 488
39 376
-
-
surtax
-
-
-
-
total
27 488
39 376
-
-
Dividends
103 409
148 124
-
-
withholding
28 954
41 475
-
-
total
28 954
41 475
-
-
Income
187 500
187 500
187 500
187 500
Total tax
81 850
80 851
102 090
87 876
After tax
105 650
106 649
85 410
99 624
Living cost
31 194
31 194
31 194
31 194
Free-cash
74 456
75 455
54 216
68 430

Estimated living cost  is ₽31194 per week

₽23340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46466
₽53603
₽57429
₽53301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
30 311
other
-
-
-
5 813
surtax
-
-
-
-
social contributions
-
-
-
5 343
health
-
-
-
8 312
pensions
-
-
-
32 259
total
-
-
-
82 038
Employee
62 288
-
144 602
-
pensions
7 045
-
10 267
-
surtax
-
-
-
-
social contributions
1 774
-
4 120
-
income
5 435
-
28 580
-
total
14 254
-
42 967
-
Employer
62 288
-
144 602
-
health
4 360
-
13 631
-
pensions
10 235
-
17 246
-
unemployment
2 523
-
5 856
-
social contributions
187
-
434
-
other
2 150
-
5 730
-
total
19 455
-
42 897
-
Corporate
105 758
187 500
-
-
income
29 613
52 500
-
-
surtax
-
-
-
-
total
29 613
52 500
-
-
Dividends
76 145
135 000
-
-
surtax
-
-
-
-
social contributions
13 098
23 221
-
-
withholding
9 746
17 280
-
-
total
22 844
40 501
-
-
Income
187 500
187 500
187 500
187 500
Total tax
86 166
93 001
85 864
82 038
After tax
101 334
94 499
101 636
105 462
Living cost
48 033
48 033
48 033
48 033
Free-cash
53 301
46 466
53 603
57 429

Estimated living cost  is ₽48033 per week

₽32508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽659
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138856
₽112751
₽107771
₽135515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
8 585
social contributions
-
-
-
41 250
total
-
-
-
49 835
Employee
31 972
-
162 337
-
income
-
-
9 140
-
social contributions
2 078
-
10 554
-
total
2 078
-
19 694
-
Employer
31 972
-
162 337
-
social contributions
4 956
-
25 161
-
total
4 956
-
25 161
-
Corporate
150 572
187 500
-
-
income
15 057
18 750
-
-
total
15 057
18 750
-
-
Dividends
135 515
168 750
-
-
total
-
-
-
-
Income
187 500
187 500
187 500
187 500
Total tax
22 091
18 750
44 855
49 835
After tax
165 409
168 750
142 645
137 665
Living cost
29 894
29 894
29 894
29 894
Free-cash
135 515
138 856
112 751
107 771

Estimated living cost  is ₽29894 per week

₽19329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽29094
-₽29094
₽61990
-₽29094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
labour market
-
-
-
14 931
municipal
-
-
-
39 425
national
-
-
-
22 415
pensions
-
-
-
862
total
-
-
-
77 633
Employee
202 075
202 075
202 075
-
municipal
43 031
43 031
43 031
-
labour market
16 143
16 143
16 143
-
pensions
287
287
287
-
national
24 687
24 687
24 687
-
total
84 148
84 148
84 148
-
Employer
202 075
202 075
202 075
-
national
24 730
24 730
24 730
-
labour market
16 166
16 166
16 166
-
pensions
574
574
574
-
municipal
43 099
43 099
43 099
-
total
84 569
84 569
84 569
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
187 500
187 500
187 500
187 500
Total tax
168 717
168 717
168 717
77 633
After tax
18 783
18 783
18 783
109 867
Living cost
47 877
47 877
47 877
47 877
Free-cash
-29 094
-29 094
-29 094
61 990

Estimated living cost  is ₽47877 per week

₽32767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4235
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽736
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6603
₽80423
₽106348
₽11845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
254
income
-
-
-
52 360
other
-
-
-
373
health
-
-
-
2 192
pensions
-
-
-
4 183
total
-
-
-
59 362
Employee
34 278
-
169 443
-
pensions
3 860
-
7 670
-
income
4 703
-
40 160
-
health
3 925
-
19 401
-
total
12 488
-
67 231
-
Employer
34 278
-
169 443
-
pensions
5 573
-
11 076
-
accident
572
-
2 829
-
unemployment
840
-
4 151
-
total
6 985
-
18 056
-
Corporate
146 236
187 500
-
-
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.

131 613
168 750
-
-
total
131 613
168 750
-
-
Dividends
14 624
18 750
-
-
withholding
2 779
3 563
-
-
total
2 779
3 563
-
-
Income
187 500
187 500
187 500
187 500
Total tax
153 865
172 313
85 287
59 362
After tax
33 635
15 187
102 213
128 138
Living cost
21 790
21 790
21 790
21 790
Free-cash
11 845
-6 603
80 423
106 348

Estimated living cost  is ₽21790 per week

₽15861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78544
₽59393
₽80964
₽81338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
187 500
health
-
-
-
2 472
municipal
-
-
-
33 305
national
-
-
-
32 577
total
-
-
-
68 354
Employee
52 323
-
157 734
-
municipal
8 570
-
25 688
-
unemployment
785
-
2 367
-
pensions
3 531
-
10 648
-
national
864
-
19 442
-
health
391
-
2 014
-
total
14 141
-
60 159
-
Employer
52 323
-
157 734
-
health
402
-
1 215
-
pensions
9 078
-
27 367
-
accident
53
-
159
-
unemployment
340
-
1 025
-
total
9 873
-
29 766
-
Corporate
125 305
187 500
-
-
income
25 061
37 500
-
-
total
25 061
37 500
-
-
Dividends

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

75 183
112 500
-
-
municipal
13 534
20 250
-
-
national
5 371
13 024
-
-
total
18 905
33 274
-
-
Income
187 500
187 500
187 500
187 500
Total tax
67 980
70 774
89 925
68 354
After tax
119 520
116 726
97 575
119 146
Living cost
38 182
38 182
38 182
38 182
Free-cash
81 338
78 544
59 393
80 964

Estimated living cost  is ₽38182 per week

₽24940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113717
₽102895
₽104514
₽108304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
39 089
social contributions
-
-
-
16 091
health
-
-
-
4 780
total
-
-
-
59 960
Employee
76 473
76 473
175 690
-
social contributions
2 891
6 347
8 561
-
income
8 327
7 079
38 219
-
health
593
1 300
2 988
-
total
11 811
14 726
49 768
-
Employer
76 473
76 473
175 690
-
health
644
1 415
3 250
-
social contributions
2 891
6 347
8 561
-
total
3 535
7 762
11 811
-
Corporate
149 129
103 265
-
-
income
18 641
12 909
-
-
total
18 641
12 909
-
-
Dividends
130 489
90 356
-
-
withholding
22 183
15 360
-
-
total
22 183
15 360
-
-
Income
187 500
187 500
187 500
187 500
Total tax
56 170
50 757
61 579
59 960
After tax
131 330
136 743
125 921
127 540
Living cost
23 026
23 026
23 026
23 026
Free-cash
108 304
113 717
102 895
104 514

Estimated living cost  is ₽23026 per week

₽13800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2259
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽139477
₽122629
₽142578
₽134421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
187 500
income
-
-
-
19 179
unemployment
-
-
-
28
health
-
-
-
3 599
pensions
-
-
-
6 326
total
-
-
-
29 132
Employee

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

22 827
-
177 781
-
unemployment
113
-
472
-
pensions
3 423
-
14 154
-
income
1 561
-
16 714
-
health
1 940
-
8 021
-
total
7 037
-
39 361
-
Employer

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

22 827
-
177 781
-
health
981
-
4 058
-
pensions
1 255
-
5 190
-
unemployment
113
-
472
-
total
2 349
-
9 720
-
Corporate
162 323
187 500
-
-
income
14 609
16 876
-
-
total
14 609
16 876
-
-
Dividends
147 714
170 624
-
-
withholding
13 294
15 357
-
-
total
13 294
15 357
-
-
Income
187 500
187 500
187 500
187 500
Total tax
37 289
32 233
49 081
29 132
After tax
150 211
155 267
138 419
158 368
Living cost
15 790
15 790
15 790
15 790
Free-cash
134 421
139 477
122 629
142 578

Estimated living cost  is ₽15790 per week

₽10074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97483
₽73566
₽77739
₽93093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
830
income
-
-
-
54 760
other
-
-
-
92
unemployment
-
-
-
645
pensions
-
-
-
26 086
total
-
-
-
82 413
Employee
36 773
-
158 113
-
other
36
-
92
-
unemployment
570
-
1 429
-
pensions
1 729
-
4 333
-
income
7 090
-
51 346
-
total
9 425
-
57 200
-
Employer
36 773
-
158 113
-
pensions
8 678
-
21 754
-
accident
728
-
1 825
-
unemployment
2 023
-
5 069
-
other
294
-
738
-
total
11 723
-
29 386
-
Corporate
139 004
187 500
-
-
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.

20 850
28 126
-
-
total
20 850
28 126
-
-
Dividends
118 153
159 374
-
-
withholding
25 061
34 543
-
-
total
25 061
34 543
-
-
Income
187 500
187 500
187 500
187 500
Total tax
67 059
62 669
86 586
82 413
After tax
120 441
124 831
100 914
105 087
Living cost
27 348
27 348
27 348
27 348
Free-cash
93 093
97 483
73 566
77 739

Estimated living cost  is ₽27348 per week

₽18459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115063
₽118663
₽118800
₽114746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
64 326
health
-
-
-
1 024
pensions
-
-
-
1 413
total
-
-
-
66 763
Employee
2 950
-
185 911
-
unemployment
30
-
71
-
pensions
265
-
636
-
income
571
-
64 251
-
health
147
-
353
-
total
1 013
-
65 311
-
Employer
2 950
-
185 911
-
health
280
-
671
-
pensions
324
-
777
-
unemployment
59
-
141
-
total
663
-
1 589
-
Corporate
183 887
187 500
-
-
income
40 455
41 250
-
-
total
40 455
41 250
-
-
Dividends
143 432
146 250
-
-
withholding
28 686
29 250
-
-
total
28 686
29 250
-
-
Income
187 500
187 500
187 500
187 500
Total tax
70 817
70 500
66 900
66 763
After tax
116 683
117 000
120 600
120 737
Living cost
1 937
1 937
1 937
1 937
Free-cash
114 746
115 063
118 663
118 800

Estimated living cost  is ₽1937 per week

₽1151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽118265
₽99788
₽99786
₽113369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
42 720
unemployment
-
-
-
1 103
health
-
-
-
7 572
pensions
-
-
-
19 115
total
-
-
-
70 510
Employee

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

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

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

25 942
-
174 340
-
unemployment
195
-
551
-
pensions
3 632
-
10 292
-
income
3 576
-
42 720
-
health
1 336
-
3 786
-
total
8 739
-
57 349
-
Employer

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

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

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

25 942
-
174 340
-
health
1 336
-
3 786
-
pensions
3 113
-
8 822
-
unemployment
195
-
551
-
total
4 644
-
13 159
-
Corporate
156 914
187 500
-
-
income
23 537
28 125
-
-
total
23 537
28 125
-
-
Dividends
133 377
159 375
-
-
withholding
20 007
23 906
-
-
total
20 007
23 906
-
-
Income
187 500
187 500
187 500
187 500
Total tax
56 927
52 031
70 508
70 510
After tax
130 573
135 469
116 992
116 990
Living cost
17 204
17 204
17 204
17 204
Free-cash
113 369
118 265
99 788
99 786

Estimated living cost  is ₽17204 per week

₽11583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79838
₽58599
₽72813
₽79480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
22 720
surtax
-
-
-
-
social contributions

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

-
-
-
65 156
total
-
-
-
87 876
Employee
38 599
-
151 516
-
surtax
-
-
-
-
social contributions
4 246
-
16 666
-
income
7 542
-
49 440
-
total
11 788
-
66 106
-
Employer
38 599
-
151 516
-
social contributions
9 166
-
35 984
-
total
9 166
-
35 984
-
Corporate
139 735
187 500
-
-
income
29 345
39 376
-
-
surtax
-
-
-
-
total
29 345
39 376
-
-
Dividends
110 389
148 124
-
-
withholding
30 910
41 475
-
-
total
30 910
41 475
-
-
Income
187 500
187 500
187 500
187 500
Total tax
81 209
80 851
102 090
87 876
After tax
106 291
106 649
85 410
99 624
Living cost
26 811
26 811
26 811
26 811
Free-cash
79 480
79 838
58 599
72 813

Estimated living cost  is ₽26811 per week

₽18990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89880
₽65963
₽70136
₽83374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
830
income
-
-
-
54 760
other
-
-
-
92
unemployment
-
-
-
645
pensions
-
-
-
26 086
total
-
-
-
82 413
Employee
48 030
-
158 113
-
other
47
-
92
-
unemployment
744
-
1 429
-
pensions
2 257
-
4 333
-
income
10 032
-
51 346
-
total
13 080
-
57 200
-
Employer
48 030
-
158 113
-
pensions
11 335
-
21 754
-
accident
951
-
1 825
-
unemployment
2 642
-
5 069
-
other
385
-
738
-
total
15 313
-
29 386
-
Corporate
124 157
187 500
-
-
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.

18 624
28 126
-
-
total
18 624
28 126
-
-
Dividends
105 533
159 374
-
-
withholding
22 158
34 543
-
-
total
22 158
34 543
-
-
Income
187 500
187 500
187 500
187 500
Total tax
69 175
62 669
86 586
82 413
After tax
118 325
124 831
100 914
105 087
Living cost
34 951
34 951
34 951
34 951
Free-cash
83 374
89 880
65 963
70 136

Estimated living cost  is ₽34951 per week

₽25101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143208
₽140484
₽132998
₽137149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
28 125
unemployment
-
-
-
139
health
-
-
-
3 994
pensions

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

-
-
-
5 140
total
-
-
-
37 398
Employee
22 649
-
180 686
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
pensions

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

1 988
-
3 050
-
income
2 265
-
18 069
-
health
1 042
-
1 598
-
total
5 544
-
23 099
-
Employer
22 649
-
180 686
-
health
1 563
-
2 396
-
pensions

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

2 496
-
3 827
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
unemployment
136
-
208
-
total
4 444
-
6 813
-
Corporate
160 407
187 500
-
-
income
16 041
18 750
-
-
total
16 041
18 750
-
-
Dividends
144 366
168 750
-
-
withholding
7 218
8 438
-
-
total
7 218
8 438
-
-
Income
187 500
187 500
187 500
187 500
Total tax
33 247
27 188
29 912
37 398
After tax
154 253
160 312
157 588
150 102
Living cost
17 104
17 104
17 104
17 104
Free-cash
137 149
143 208
140 484
132 998

Estimated living cost  is ₽17104 per week

₽11313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽979
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.
₽4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58077
₽79724
₽59453
₽71091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
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.

-
-
-
59 324
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.

-
-
-
3 263
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.

-
-
-
6 794
trade
-
-
-
20 271
total
-
-
-
89 652
Employee

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

49 483
-
187 500
-
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.

225
-
3 263
-
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.

4 069
-
59 324
-
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.

6 794
-
6 794
-
total
11 088
-
69 381
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
138 017
187 500
-
-
income
20 703
28 126
-
-
surtax

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

1 138
1 548
-
-
chamber of commerce
353
427
-
-
trade
19 805
26 907
-
-
total
41 999
57 008
-
-
Dividends
96 018
130 493
-
-
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.

1 300
1 774
-
-
withholding
23 627
32 246
-
-
total
24 927
34 020
-
-
Income
187 500
187 500
187 500
187 500
Total tax
78 014
91 028
69 381
89 652
After tax
109 486
96 472
118 119
97 848
Living cost
38 395
38 395
38 395
38 395
Free-cash
71 091
58 077
79 724
59 453

Estimated living cost  is ₽38395 per week

₽26486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74599
₽40720
₽40720
₽76795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
58 562
social contributions
-
-
-
31 567
total
-
-
-
90 129
Employee
77 793
-
187 500
-
income
14 679
-
58 562
-
social contributions
6 463
-
31 567
-
total
21 142
-
90 129
-
Employer
77 793
-
187 500
-
total
-
-
-
-
Corporate
109 707
187 500
-
-
income
13 713
23 438
-
-
total
13 713
23 438
-
-
Dividends
95 995
164 062
-
-
withholding
19 199
32 812
-
-
total
19 199
32 812
-
-
Income
187 500
187 500
187 500
187 500
Total tax
54 054
56 250
90 129
90 129
After tax
133 446
131 250
97 371
97 371
Living cost
56 651
56 651
56 651
56 651
Free-cash
76 795
74 599
40 720
40 720

Estimated living cost  is ₽56651 per week

₽43099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80519
₽96462
₽117068
₽83996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
28 309
health

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

-
-
-
6 022
total
-
-
-
34 331
Employee
45 622
-
182 925
-
income
4 950
-
45 787
-
social contributions
4 571
-
4 575
-
total
9 521
-
50 362
-
Employer
45 622
-
182 925
-
social contributions
4 571
-
4 575
-
total
4 571
-
4 575
-
Corporate
137 307
187 500
-
-
income
48 057
65 626
-
-
total
48 057
65 626
-
-
Dividends
89 250
121 874
-
-
social contributions
5 254
5 254
-
-
total
5 254
5 254
-
-
Income
187 500
187 500
187 500
187 500
Total tax
67 403
70 880
54 937
34 331
After tax
120 097
116 620
132 563
153 169
Living cost
36 101
36 101
36 101
36 101
Free-cash
83 996
80 519
96 462
117 068

Estimated living cost  is ₽36101 per week

₽23780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8921
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84636
₽69799
₽86693
₽90468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
income
-
-
-
55 069
pensions
-
-
-
9 144
total
-
-
-
64 213
Employee
50 231
-
163 664
-
pensions
3 834
-
11 144
-
income
9 147
-
43 809
-
health
655
-
2 318
-
total
13 636
-
57 271
-
Employer
50 231
-
163 664
-
health
955
-
3 109
-
pensions
5 075
-
20 727
-
total
6 030
-
23 836
-
Corporate
131 239
187 500
-
-
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.

24 936
35 624
-
-
total
24 936
35 624
-
-
Dividends
106 303
151 876
-
-
withholding
15 836
30 646
-
-
total
15 836
30 646
-
-
Income
187 500
187 500
187 500
187 500
Total tax
60 438
66 270
81 107
64 213
After tax
127 062
121 230
106 393
123 287
Living cost
36 594
36 594
36 594
36 594
Free-cash
90 468
84 636
69 799
86 693

Estimated living cost  is ₽36594 per week

₽25103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽8761
₽78265
₽104190
₽11514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
accident
-
-
-
254
income
-
-
-
52 360
other
-
-
-
373
health
-
-
-
2 192
pensions
-
-
-
4 183
total
-
-
-
59 362
Employee
37 671
-
169 443
-
pensions
4 242
-
7 670
-
income
5 168
-
40 160
-
health
4 313
-
19 401
-
total
13 723
-
67 231
-
Employer
37 671
-
169 443
-
pensions
6 125
-
11 076
-
accident
629
-
2 829
-
unemployment
923
-
4 151
-
total
7 677
-
18 056
-
Corporate
142 152
187 500
-
-
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.

127 937
168 750
-
-
total
127 937
168 750
-
-
Dividends
14 215
18 750
-
-
withholding
2 701
3 563
-
-
total
2 701
3 563
-
-
Income
187 500
187 500
187 500
187 500
Total tax
152 038
172 313
85 287
59 362
After tax
35 462
15 187
102 213
128 138
Living cost
23 948
23 948
23 948
23 948
Free-cash
11 514
-8 761
78 265
104 190

Estimated living cost  is ₽23948 per week

₽17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽129953
₽120973
₽99021
₽139624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
187 500
income
-
-
-
31 090
unemployment
-
-
-
1 916
work injury
-
-
-
798
health insurance
-
-
-
11 814
pensions
-
-
-
29 376
total
-
-
-
74 994
Employee

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

21 575
-
187 500
-
health insurance
1 597
-
5 907
-
unemployment
259
-
958
-
work injury
108
-
399
-
pensions
3 970
-
14 688
-
income
2 158
-
31 090
-
total
8 092
-
53 042
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
165 925
187 500
-
-
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%.

1 659
18 750
-
-
total
1 659
18 750
-
-
Dividends
164 266
168 750
-
-
withholding
24 640
25 312
-
-
total
24 640
25 312
-
-
Income
187 500
187 500
187 500
187 500
Total tax
34 391
44 062
53 042
74 994
After tax
153 109
143 438
134 458
112 506
Living cost
13 485
13 485
13 485
13 485
Free-cash
139 624
129 953
120 973
99 021

Estimated living cost  is ₽13485 per week

₽8354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽421
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59144
₽38821
₽47051
₽54620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
187 500
social contributions
-
-
-
48 225
regional
-
-
-
4 308
municipal
-
-
-
1 253
national
-
-
-
47 044
total
-
-
-
100 830
Employee
83 803
-
187 500
-
municipal
500
-
1 119
-
national
14 162
-
40 893
-
regional
1 265
-
3 823
-
social contributions
28 258
-
63 225
-
total
44 185
-
109 060
-
Employer
83 803
-
187 500
-
total
-
-
-
-
Corporate
103 697
187 500
-
-
municipal
4 997
9 038
-
-
nationa
24 887
45 000
-
-
total
29 884
54 038
-
-
Dividends
73 812
133 462
-
-
withholding
19 192
34 699
-
-
total
19 192
34 699
-
-
Income
187 500
187 500
187 500
187 500
Total tax
93 261
88 737
109 060
100 830
After tax
94 239
98 763
78 440
86 670
Living cost
39 619
39 619
39 619
39 619
Free-cash
54 620
59 144
38 821
47 051

Estimated living cost  is ₽39619 per week

₽27830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽598
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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