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
₽ 188000
per

Your estimated
City
free-cash

Dresden , Germany
₽65894
₽88943
₽66318
₽76444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income

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

-
-
-
60 327
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.

-
-
-
3 318
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.

-
-
-
6 517
trade
-
-
-
22 625
total
-
-
-
92 787
Employee

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

36 487
-
188 000
-
surtax

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

56
-
3 318
-
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.

1 019
-
60 327
-
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.

6 517
-
6 517
-
total
7 592
-
70 162
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
151 513
188 000
-
-
income
22 727
28 199
-
-
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.

1 249
1 551
-
-
chamber of commerce
362
415
-
-
trade
23 864
29 610
-
-
total
48 202
59 775
-
-
Dividends
103 311
128 225
-
-
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.

1 401
1 743
-
-
withholding
25 466
31 693
-
-
total
26 867
33 436
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 661
93 211
70 162
92 787
After tax
105 339
94 789
117 838
95 213
Living cost
28 895
28 895
28 895
28 895
Free-cash
76 444
65 894
88 943
66 318

Estimated living cost  is ₽28895 per week

₽18176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6810
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66215
₽59818
₽58808
₽65365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
social contributions
-
-
-
2 021
municipal
-
-
-
20 669
national
-
-
-
32 845
pensions
-
-
-
22 560
total
-
-
-
78 095
Employee
79 209
-
162 524
-
municipal
9 784
-
21 397
-
pensions
3 168
-
6 501
-
national
15 161
-
34 439
-
total
28 113
-
62 337
-
Employer
79 209
-
162 524
-
pensions
6 337
-
13 002
-
social contributions
851
-
1 747
-
total
7 188
-
14 749
-
Corporate
96 375
188 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

19 275
37 600
-
-
total
19 275
37 600
-
-
Dividends
77 100
150 400
-
-
withholding
16 962
33 088
-
-
total
16 962
33 088
-
-
Income
188 000
188 000
188 000
188 000
Total tax
71 538
70 688
77 086
78 095
After tax
116 462
117 312
110 914
109 905
Living cost
51 097
51 097
51 097
51 097
Free-cash
65 365
66 215
59 818
58 808

Estimated living cost  is ₽51097 per week

₽34730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4750
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽765
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130554
₽60491
₽46744
₽122730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
36 919
surtax
-
-
-
47 941
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.

-
-
-
36 550
microenterprise
-
-
-
-
total
-
-
-
121 410
Employee
27 875
-
144 695
-
surtax
-
-
20 982
-
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.

3 067
-
12 506
-
income
4 962
-
30 871
-
total
8 029
-
64 359
-
Employer
27 875
-
144 695
-
social contributions

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

6 714
-
27 388
-
surtax
-
-
15 916
-
total
6 714
-
43 304
-
Corporate
153 410
188 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

30 681
37 600
-
-
total
30 681
37 600
-
-
Dividends

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

122 729
150 400
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
45 424
37 600
107 663
121 410
After tax
142 576
150 400
80 337
66 590
Living cost
19 846
19 846
19 846
19 846
Free-cash
122 730
130 554
60 491
46 744

Estimated living cost  is ₽19846 per week

₽12661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53412
₽79660
₽62439
₽47566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
62 658
health
-
-
-
11 763
pensions
-
-
-
11 177
total
-
-
-
85 598
Employee
81 464
81 464
170 272
-
pensions
14 664
11 177
11 177
-
income

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

13 334
13 334
27 708
-
health
12 504
10 636
11 763
-
total
40 502
35 147
50 648
-
Employer
81 464
81 464
170 272
-
health
5 663
5 663
7 037
-
pensions
5 670
5 670
7 048
-
unemployment
2 933
2 933
3 644
-
total
14 266
14 266
17 729
-
Corporate
93 270
92 271
-
-
income
18 653
18 454
-
-
total
18 653
18 454
-
-
Dividends
74 616
73 816
-
-
income
15 857
15 686
-
-
withholding
11 193
11 072
-
-
total
27 050
26 758
-
-
Income
188 000
188 000
188 000
188 000
Total tax
100 471
94 625
68 377
85 598
After tax
87 529
93 375
119 623
102 402
Living cost
39 963
39 963
39 963
39 963
Free-cash
47 566
53 412
79 660
62 439

Estimated living cost  is ₽39963 per week

₽28321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽635
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63685
₽55641
₽56587
₽62811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
171
other
-
-
-
9 923
unemployment
-
-
-
85
health
-
-
-
5 328
municipal
-
-
-
48 685
national
-
-
-
19 027
pensions
-
-
-
9 231
total
-
-
-
92 450
Employee
55 518
-
161 170
-
municipal
16 556
-
48 061
-
national
-
-
18 504
-
total
16 556
-
66 565
-
Employer
55 518
-
161 170
-
health
3 414
-
5 252
-
pensions
6 001
-
9 231
-
accident
111
-
171
-
unemployment
1 466
-
2 254
-
other
6 451
-
9 923
-
total
17 443
-
26 831
-
Corporate
115 038
188 000
-
-
income
25 308
41 360
-
-
total
25 308
41 360
-
-
Dividends
89 730
146 640
-
-
withholding
26 919
43 992
-
-
total
26 919
43 992
-
-
Income
188 000
188 000
188 000
188 000
Total tax
86 226
85 352
93 396
92 450
After tax
101 774
102 648
94 604
95 550
Living cost
38 963
38 963
38 963
38 963
Free-cash
62 811
63 685
55 641
56 587

Estimated living cost  is ₽38963 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₽56345
₽80363
₽56733
₽69750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income

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

-
-
-
60 327
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.

-
-
-
3 318
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.

-
-
-
6 517
trade
-
-
-
23 630
total
-
-
-
93 792
Employee

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

48 377
-
188 000
-
surtax

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

228
-
3 318
-
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.

4 156
-
60 327
-
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.

6 517
-
6 517
-
total
10 901
-
70 162
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
139 623
188 000
-
-
income
20 944
28 199
-
-
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
1 551
-
-
chamber of commerce
344
413
-
-
trade
22 967
30 926
-
-
total
45 406
61 089
-
-
Dividends
94 216
126 911
-
-
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.

1 276
1 725
-
-
withholding
23 192
31 366
-
-
total
24 468
33 091
-
-
Income
188 000
188 000
188 000
188 000
Total tax
80 775
94 180
70 162
93 792
After tax
107 225
93 820
117 838
94 208
Living cost
37 475
37 475
37 475
37 475
Free-cash
69 750
56 345
80 363
56 733

Estimated living cost  is ₽37475 per week

₽25064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106142
₽94955
₽96557
₽102184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
40 272
social contributions
-
-
-
15 435
health
-
-
-
4 794
total
-
-
-
60 501
Employee
73 355
73 355
176 523
-
social contributions
3 565
6 088
8 212
-
income
7 703
6 790
39 411
-
health
730
1 247
3 002
-
total
11 998
14 125
50 625
-
Employer
73 355
73 355
176 523
-
health
795
1 358
3 266
-
social contributions
3 565
6 088
8 212
-
total
4 360
7 446
11 478
-
Corporate
140 702
107 199
-
-
income
17 587
13 400
-
-
total
17 587
13 400
-
-
Dividends
123 115
93 799
-
-
withholding
20 929
15 945
-
-
total
20 929
15 945
-
-
Income
188 000
188 000
188 000
188 000
Total tax
54 874
50 916
62 103
60 501
After tax
133 126
137 084
125 897
127 499
Living cost
30 942
30 942
30 942
30 942
Free-cash
102 184
106 142
94 955
96 557

Estimated living cost  is ₽30942 per week

₽21152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88060
₽91475
₽112728
₽88425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
22 983
unemployment
-
-
-
2 820
health
-
-
-
13 160
pensions
-
-
-
18 800
total
-
-
-
57 763
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.

25 275
10 059
157 322
-
unemployment
379
151
2 360
-
pensions
2 528
1 006
15 732
-
income
3 090
1 230
19 233
-
health
1 769
704
11 013
-
total
7 766
3 091
48 338
-
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.

25 275
10 059
157 322
-
pensions
4 929
1 962
30 678
-
total
4 929
1 962
30 678
-
Corporate
157 796
175 979
-
-
income
14 202
15 838
-
-
total
14 202
15 838
-
-
Dividends
143 595
160 141
-
-
social contributions
27 886
31 113
-
-
withholding
27 283
30 427
-
-
total
55 169
61 540
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 066
82 431
79 016
57 763
After tax
105 934
105 569
108 984
130 237
Living cost
17 509
17 509
17 509
17 509
Free-cash
88 425
88 060
91 475
112 728

Estimated living cost  is ₽17509 per week

₽11949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127358
₽85318
₽77727
₽121433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
25 192
health
-
-
-
24 439
pensions
-
-
-
37 600
total
-
-
-
87 231
Employee
27 062
-
140 508
-
unemployment
433
-
2 248
-
pensions
541
-
2 810
-
income
3 047
-
27 090
-
total
4 021
-
32 148
-
Employer
27 062
-
140 508
-
health
3 517
-
18 266
-
pensions
5 413
-
28 102
-
unemployment
217
-
1 124
-
total
9 147
-
47 492
-
Corporate
151 790
188 000
-
-
income
30 357
37 600
-
-
total
30 357
37 600
-
-
Dividends
121 433
150 400
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
43 525
37 600
79 640
87 231
After tax
144 475
150 400
108 360
100 769
Living cost
23 042
23 042
23 042
23 042
Free-cash
121 433
127 358
85 318
77 727

Estimated living cost  is ₽23042 per week

₽15804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6053
₽81456
₽107173
₽11964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
244
income
-
-
-
52 809
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
59 546
Employee
33 476
-
170 325
-
pensions
3 769
-
7 380
-
income
4 593
-
40 706
-
health
3 833
-
19 503
-
total
12 195
-
67 589
-
Employer
33 476
-
170 325
-
pensions
5 443
-
10 657
-
accident
559
-
2 844
-
unemployment
820
-
4 173
-
total
6 822
-
17 674
-
Corporate
147 702
188 000
-
-
income

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

132 931
169 200
-
-
total
132 931
169 200
-
-
Dividends
14 770
18 800
-
-
withholding
2 807
3 572
-
-
total
2 807
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
154 755
172 772
85 263
59 546
After tax
33 245
15 228
102 737
128 454
Living cost
21 281
21 281
21 281
21 281
Free-cash
11 964
-6 053
81 456
107 173

Estimated living cost  is ₽21281 per week

₽15597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170813
₽142613
₽178333
₽169353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
188 000
microenterprise

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

-
-
-
1 880
total
-
-
-
1 880
Employee
9 733
-
188 000
-
income
1 946
-
37 600
-
total
1 946
-
37 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

178 267
188 000
-
-
total
-
-
-
-
Dividends
178 267
188 000
-
-
withholding
8 914
9 400
-
-
total
8 914
9 400
-
-
Income
188 000
188 000
188 000
188 000
Total tax
10 860
9 400
37 600
1 880
After tax
177 140
178 600
150 400
186 120
Living cost
7 787
7 787
7 787
7 787
Free-cash
169 353
170 813
142 613
178 333

Estimated living cost  is ₽7787 per week

₽4826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112705
₽81937
₽83552
₽106263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
30 940
other
-
-
-
6 890
health
-
-
-
6 383
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.

-
-
-
34 816
total
-
-
-
79 029
Employee
34 637
-
151 394
-
unemployment
346
-
1 450
-
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.

2 424
-
10 154
-
income
5 963
-
30 403
-
health
485
-
2 031
-
total
9 218
-
44 038
-
Employer
34 637
-
151 394
-
health
485
-
2 031
-
pensions

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

5 889
-
24 662
-
accident
277
-
1 211
-
unemployment
346
-
1 450
-
other
1 732
-
7 252
-
total
8 729
-
36 606
-
Corporate
144 633
188 000
-
-
income
30 373
39 479
-
-
total
30 373
39 479
-
-
Dividends
114 260
148 521
-
-
withholding
7 998
10 397
-
-
total
7 998
10 397
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 318
49 876
80 644
79 029
After tax
131 682
138 124
107 356
108 971
Living cost
25 419
25 419
25 419
25 419
Free-cash
106 263
112 705
81 937
83 552

Estimated living cost  is ₽25419 per week

₽17960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1716
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.
₽5333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57560
₽42978
₽59872
₽64716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
56 027
pensions
-
-
-
8 931
total
-
-
-
64 958
Employee
89 376
-
164 028
-
pensions
8 622
-
10 826
-
income
16 111
-
44 761
-
health
1 473
-
2 295
-
total
26 206
-
57 882
-
Employer
89 376
-
164 028
-
health
1 697
-
3 116
-
pensions
10 553
-
20 854
-
total
12 250
-
23 970
-
Corporate
86 374
188 000
-
-
income

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

16 410
35 721
-
-
total
16 410
35 721
-
-
Dividends
69 964
152 279
-
-
withholding
5 248
31 549
-
-
total
5 248
31 549
-
-
Income
188 000
188 000
188 000
188 000
Total tax
60 114
67 270
81 852
64 958
After tax
127 886
120 730
106 148
123 042
Living cost
63 170
63 170
63 170
63 170
Free-cash
64 716
57 560
42 978
59 872

Estimated living cost  is ₽63170 per week

₽47334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽148237
₽145993
₽138403
₽143807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
28 200
unemployment
-
-
-
133
health
-
-
-
3 831
pensions

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

-
-
-
4 930
total
-
-
-
37 094
Employee
16 556
-
181 465
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
pensions

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

1 454
-
2 925
-
income
1 655
-
18 146
-
health
761
-
1 532
-
total
4 052
-
22 969
-
Employer
16 556
-
181 465
-
health
1 143
-
2 298
-
pensions

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

1 825
-
3 671
-
accident

We are using the highest rate at 1.1%.

182
-
366
-
unemployment
99
-
200
-
total
3 249
-
6 535
-
Corporate
168 196
188 000
-
-
income
16 820
18 800
-
-
total
16 820
18 800
-
-
Dividends
151 376
169 200
-
-
withholding
7 569
8 460
-
-
total
7 569
8 460
-
-
Income
188 000
188 000
188 000
188 000
Total tax
31 690
27 260
29 504
37 094
After tax
156 310
160 740
158 496
150 906
Living cost
12 503
12 503
12 503
12 503
Free-cash
143 807
148 237
145 993
138 403

Estimated living cost  is ₽12503 per week

₽7299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40477
₽66725
₽49504
₽42877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
62 658
health
-
-
-
11 763
pensions
-
-
-
11 177
total
-
-
-
85 598
Employee
88 444
81 464
170 272
-
pensions
11 177
11 177
11 177
-
income

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

13 334
13 334
27 708
-
health
11 034
10 636
11 763
-
total
35 545
35 147
50 648
-
Employer
88 444
81 464
170 272
-
health
6 146
5 663
7 037
-
pensions
6 155
5 670
7 048
-
unemployment
3 184
2 933
3 644
-
total
15 485
14 266
17 729
-
Corporate
84 071
92 271
-
-
income
16 814
18 454
-
-
total
16 814
18 454
-
-
Dividends
67 256
73 816
-
-
income
14 292
15 686
-
-
withholding
10 089
11 072
-
-
total
24 381
26 758
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 225
94 625
68 377
85 598
After tax
95 775
93 375
119 623
102 402
Living cost
52 898
52 898
52 898
52 898
Free-cash
42 877
40 477
66 725
49 504

Estimated living cost  is ₽52898 per week

₽39021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽606
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105694
₽76778
₽84640
₽97223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
19 268
social contributions
-
-
-
34 167
solidarity contribution
-
-
-
801
health
-
-
-
25 380
total
-
-
-
79 616
Employee
34 918
-
145 640
-
solidarity contribution
-
-
95
-
social contributions
2 270
-
7 606
-
income
4 190
-
17 756
-
health
4 714
-
19 661
-
total
11 174
-
45 118
-
Employer
34 918
-
145 640
-
health
3 143
-
13 108
-
social contributions
8 729
-
29 252
-
total
11 872
-
42 360
-
Corporate
141 210
188 000
-
-
income
26 830
35 720
-
-
total
26 830
35 720
-
-
Dividends
114 380
152 280
-
-
withholding
17 157
22 842
-
-
total
17 157
22 842
-
-
Income
188 000
188 000
188 000
188 000
Total tax
67 033
58 562
87 478
79 616
After tax
120 967
129 438
100 522
108 384
Living cost
23 744
23 744
23 744
23 744
Free-cash
97 223
105 694
76 778
84 640

Estimated living cost  is ₽23744 per week

₽16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60051
₽40386
₽48684
₽55070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
social contributions
-
-
-
47 745
regional
-
-
-
2 251
municipal
-
-
-
1 122
national
-
-
-
47 944
total
-
-
-
99 062
Employee
84 782
-
188 000
-
municipal
449
-
1 003
-
national
14 691
-
41 768
-
regional
800
-
1 994
-
social contributions
28 589
-
62 595
-
total
44 529
-
107 360
-
Employer
84 782
-
188 000
-
total
-
-
-
-
Corporate
103 218
188 000
-
-
municipal
4 026
7 332
-
-
nationa
24 772
45 120
-
-
total
28 798
52 452
-
-
Dividends
74 420
135 548
-
-
withholding
19 349
35 243
-
-
total
19 349
35 243
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 676
87 695
107 360
99 062
After tax
95 324
100 305
80 640
88 938
Living cost
40 254
40 254
40 254
40 254
Free-cash
55 070
60 051
40 386
48 684

Estimated living cost  is ₽40254 per week

₽28060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2639
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.
₽8936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97201
₽61817
₽67650
₽94231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
55 580
other
-
-
-
-
surtax
-
-
-
8 999
unemployment
-
-
-
217
health
-
-
-
9 039
pensions
-
-
-
25 464
total
-
-
-
99 299
Employee
31 547
-
161 200
-
other
-
-
-
-
unemployment
2 196
-
8 861
-
pensions
2 104
-
8 492
-
surtax
103
-
7 859
-
income
5 288
-
49 874
-
health
806
-
3 246
-
total
10 497
-
78 332
-
Employer
31 547
-
161 200
-
health
1 436
-
5 793
-
pensions
4 205
-
16 972
-
unemployment
999
-
4 035
-
other
-
-
-
-
total
6 640
-
26 800
-
Corporate
149 813
188 000
-
-
income
38 951
48 880
-
-
total
38 951
48 880
-
-
Dividends
110 862
139 120
-
-
withholding
16 630
20 868
-
-
total
16 630
20 868
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 718
69 748
105 132
99 299
After tax
115 282
118 252
82 868
88 701
Living cost
21 051
21 051
21 051
21 051
Free-cash
94 231
97 201
61 817
67 650

Estimated living cost  is ₽21051 per week

₽12871
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.
₽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.
₽5751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77574
₽62992
₽79886
₽83814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
56 027
pensions
-
-
-
8 931
total
-
-
-
64 958
Employee
59 897
-
164 028
-
pensions
5 084
-
10 826
-
income
10 788
-
44 761
-
health
870
-
2 295
-
total
16 742
-
57 882
-
Employer
59 897
-
164 028
-
health
1 138
-
3 116
-
pensions
6 484
-
20 854
-
total
7 622
-
23 970
-
Corporate
120 481
188 000
-
-
income

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

22 892
35 721
-
-
total
22 892
35 721
-
-
Dividends
97 589
152 279
-
-
withholding
13 774
31 549
-
-
total
13 774
31 549
-
-
Income
188 000
188 000
188 000
188 000
Total tax
61 030
67 270
81 852
64 958
After tax
126 970
120 730
106 148
123 042
Living cost
43 156
43 156
43 156
43 156
Free-cash
83 814
77 574
62 992
79 886

Estimated living cost  is ₽43156 per week

₽32332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3235
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽9909
₽66764
₽75064
₽42450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
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.

-
-
-
3 760
regional
-
-
-
9 705
health
-
-
-
424
city
-
-
-
1 981
national
-
-
-
3 711
pensions
-
-
-
17 296
total
-
-
-
36 877
Employee
89 009
-
168 368
-
unemployment
-
-
-
-
pensions
7 478
-
14 034
-
national
421
-
2 764
-
regional
2 915
-
8 408
-
city
955
-
1 811
-
health
201
-
379
-
total
11 970
-
27 396
-
Employer
89 009
-
168 368
-
health
201
-
379
-
pensions
7 478
-
14 034
-
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.

1 780
-
3 368
-
total
9 459
-
17 781
-
Corporate
88 554
188 000
-
-
regional
18 730
39 761
-
-
national
7 527
15 979
-
-
total
26 257
55 740
-
-
Dividends
62 297
132 259
-
-
withholding
21 805
46 292
-
-
total
21 805
46 292
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 491
102 032
45 177
36 877
After tax
118 509
85 968
142 823
151 123
Living cost
76 059
76 059
76 059
76 059
Free-cash
42 450
9 909
66 764
75 064

Estimated living cost  is ₽76059 per week

₽49460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽934
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽49153
₽74137
₽49502
₽64623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income

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

-
-
-
60 327
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.

-
-
-
3 318
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.

-
-
-
6 517
trade
-
-
-
24 635
total
-
-
-
94 797
Employee

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

57 331
-
188 000
-
surtax

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

371
-
3 318
-
income

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

6 742
-
60 327
-
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.

6 517
-
6 517
-
total
13 630
-
70 162
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
130 669
188 000
-
-
income
19 600
28 199
-
-
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.

1 077
1 551
-
-
chamber of commerce
329
409
-
-
trade
22 410
32 242
-
-
total
43 416
62 401
-
-
Dividends
87 252
125 598
-
-
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.

1 180
1 707
-
-
withholding
21 450
31 038
-
-
total
22 630
32 745
-
-
Income
188 000
188 000
188 000
188 000
Total tax
79 676
95 146
70 162
94 797
After tax
108 324
92 854
117 838
93 203
Living cost
43 701
43 701
43 701
43 701
Free-cash
64 623
49 153
74 137
49 502

Estimated living cost  is ₽43701 per week

₽31918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3496
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.
₽7721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62113
₽68414
₽72544
₽67749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
31 441
other
-
-
-
5 827
surtax
-
-
-
-
social contributions
-
-
-
5 357
health
-
-
-
8 574
pensions
-
-
-
31 619
total
-
-
-
82 818
Employee
40 828
-
144 563
-
pensions
4 616
-
10 440
-
surtax
-
-
-
-
social contributions
1 164
-
4 118
-
income
2 410
-
28 954
-
total
8 190
-
43 512
-
Employer
40 828
-
144 563
-
health
2 858
-
13 836
-
pensions
6 707
-
17 506
-
unemployment
1 653
-
5 855
-
social contributions
123
-
434
-
other
1 408
-
5 805
-
total
12 749
-
43 436
-
Corporate
134 422
188 000
-
-
income
37 638
52 640
-
-
surtax
-
-
-
-
total
37 638
52 640
-
-
Dividends
96 784
135 360
-
-
surtax
-
-
-
-
social contributions
16 648
23 282
-
-
withholding
12 388
17 327
-
-
total
29 036
40 609
-
-
Income
188 000
188 000
188 000
188 000
Total tax
87 613
93 249
86 948
82 818
After tax
100 387
94 751
101 052
105 182
Living cost
32 638
32 638
32 638
32 638
Free-cash
67 749
62 113
68 414
72 544

Estimated living cost  is ₽32638 per week

₽20580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65347
₽71648
₽75778
₽70648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
31 441
other
-
-
-
5 827
surtax
-
-
-
-
social contributions
-
-
-
5 357
health
-
-
-
8 574
pensions
-
-
-
31 619
total
-
-
-
82 818
Employee
36 445
-
144 563
-
pensions
4 122
-
10 440
-
surtax
-
-
-
-
social contributions
1 039
-
4 118
-
income
1 879
-
28 954
-
total
7 040
-
43 512
-
Employer
36 445
-
144 563
-
health
2 551
-
13 836
-
pensions
5 989
-
17 506
-
unemployment
1 475
-
5 855
-
social contributions
109
-
434
-
other
1 258
-
5 805
-
total
11 382
-
43 436
-
Corporate
140 174
188 000
-
-
income
39 249
52 640
-
-
surtax
-
-
-
-
total
39 249
52 640
-
-
Dividends
100 924
135 360
-
-
surtax
-
-
-
-
social contributions
17 359
23 282
-
-
withholding
12 918
17 327
-
-
total
30 277
40 609
-
-
Income
188 000
188 000
188 000
188 000
Total tax
87 948
93 249
86 948
82 818
After tax
100 052
94 751
101 052
105 182
Living cost
29 404
29 404
29 404
29 404
Free-cash
70 648
65 347
71 648
75 778

Estimated living cost  is ₽29404 per week

₽17053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94469
₽96041
₽100506
₽94966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
28 199
social contributions
-
-
-
25 944
health
-
-
-
13 123
total
-
-
-
67 266
Employee
32 345
-
188 000
-
social contributions
4 464
-
25 944
-
income
5 395
-
32 664
-
health
2 257
-
13 123
-
total
12 116
-
71 731
-
Employer
32 345
-
188 000
-
total
-
-
-
-
Corporate
155 655
188 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

7 783
9 399
-
-
total
7 783
9 399
-
-
Dividends
147 873
178 601
-
-
social contributions
20 406
24 647
-
-
withholding
22 180
26 791
-
-
health
10 321
12 466
-
-
total
52 907
63 904
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 806
73 303
71 731
67 266
After tax
115 194
114 697
116 269
120 734
Living cost
20 228
20 228
20 228
20 228
Free-cash
94 966
94 469
96 041
100 506

Estimated living cost  is ₽20228 per week

₽13538
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1247
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70218
₽15955
₽62932
₽68742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
55 521
surtax
-
-
-
188
unemployment
-
-
-
5 851
chamber of commerce
-
-
-
751
health
-
-
-
8 525
pensions
-
-
-
20 618
total
-
-
-
91 454
Employee
47 675
38 017
152 726
-
other
476
380
1 115
-
unemployment
1 430
1 140
3 344
-
pensions
4 882
3 892
11 412
-
income
5 427
2 804
45 698
-
health
1 845
1 472
4 312
-
total
14 060
9 688
65 881
-
Employer
47 675
38 017
152 726
-
chamber of commerce
190
152
610
-
health
1 801
1 437
4 213
-
pensions
5 983
4 772
13 986
-
accident
619
494
1 448
-
unemployment
1 430
1 140
3 344
-
surtax
188
188
188
-
payroll
1 430
1 140
4 582
-
other
2 265
1 805
6 903
-
total
13 906
11 128
35 274
-
Corporate
126 419
138 854
149 105
-
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.

31 604
34 713
37 276
-
total
31 604
34 713
37 276
-
Dividends
94 814
104 141
-
-
withholding
26 074
28 639
-
-
total
26 074
28 639
-
-
Income
188 000
188 000
188 000
188 000
Total tax
85 644
84 168
138 431
91 454
After tax
102 356
103 832
49 569
96 546
Living cost
33 614
33 614
33 614
33 614
Free-cash
68 742
70 218
15 955
62 932

Estimated living cost  is ₽33614 per week

₽22419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2868
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.
₽7775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69871
₽30293
₽46850
₽56010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
communal

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

-
-
-
9 854
social contributions
-
-
-
23 784
national
-
-
-
72 729
total
-
-
-
106 367
Employee

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

68 237
-
145 611
-
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.

594
-
1 267
-
communal

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

3 559
-
7 594
-
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.

5 118
-
10 922
-
national
20 979
-
53 911
-
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.

3 206
-
6 843
-
total
33 456
-
80 537
-
Employer

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

68 237
-
145 611
-
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.

4 196
-
8 956
-
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.

6 046
-
12 900
-
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.

887
-
1 892
-
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.

996
-
2 125
-
surtax
7 737
-
16 514
-
total
19 862
-
42 387
-
Corporate
99 900
188 000
-
-
income
19 980
38 227
-
-
surtax
400
764
-
-
total
20 380
38 991
-
-
Dividends
79 519
149 009
-
-
withholding

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

23 509
44 355
-
-
total
23 509
44 355
-
-
Income
188 000
188 000
188 000
188 000
Total tax
97 207
83 346
122 924
106 367
After tax
90 793
104 654
65 076
81 633
Living cost
34 783
34 783
34 783
34 783
Free-cash
56 010
69 871
30 293
46 850

Estimated living cost  is ₽34783 per week

₽22404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90623
₽66828
₽70831
₽84087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
797
income
-
-
-
56 191
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
82 718
Employee
47 486
-
159 812
-
other
47
-
89
-
unemployment
737
-
1 370
-
pensions
2 232
-
4 156
-
income
10 019
-
52 916
-
total
13 035
-
58 531
-
Employer
47 486
-
159 812
-
pensions
11 206
-
20 868
-
accident
940
-
1 751
-
unemployment
2 612
-
4 863
-
other
378
-
708
-
total
15 136
-
28 190
-
Corporate
125 378
188 000
-
-
income

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

18 807
28 199
-
-
total
18 807
28 199
-
-
Dividends
106 571
159 801
-
-
withholding
22 484
34 727
-
-
total
22 484
34 727
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 462
62 926
86 721
82 718
After tax
118 538
125 074
101 279
105 282
Living cost
34 451
34 451
34 451
34 451
Free-cash
84 087
90 623
66 828
70 831

Estimated living cost  is ₽34451 per week

₽25370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56644
₽46367
₽38872
₽43838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
communal
-
-
-
11 881
accident
-
-
-
1 586
income
-
-
-
33 112
surtax
-
-
-
9 320
health
-
-
-
13 208
pensions
-
-
-
28 179
total
-
-
-
97 286
Employee
72 242
-
167 933
-
pensions
5 779
-
13 434
-
surtax
4 428
-
10 292
-
income
6 978
-
38 525
-
health
3 215
-
7 473
-
total
20 400
-
69 724
-
Employer
72 242
-
167 933
-
health
2 203
-
5 121
-
pensions
5 779
-
13 434
-
accident
650
-
1 512
-
total
8 632
-
20 067
-
Corporate
107 126
188 000
-
-
communal
7 230
12 690
-
-
income
16 068
28 199
-
-
surtax
1 124
1 973
-
-
total
24 422
42 862
-
-
Dividends
82 703
145 137
-
-
income
26 460
14 881
-
-
withholding
12 406
21 771
-
-
total
38 866
36 652
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 320
79 514
89 791
97 286
After tax
95 680
108 486
98 209
90 714
Living cost
51 842
51 842
51 842
51 842
Free-cash
43 838
56 644
46 367
38 872

Estimated living cost  is ₽51842 per week

₽38889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96825
₽61441
₽67274
₽93791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
55 580
other
-
-
-
-
surtax
-
-
-
8 999
unemployment
-
-
-
217
health
-
-
-
9 039
pensions
-
-
-
25 464
total
-
-
-
99 299
Employee
32 126
-
161 200
-
other
-
-
-
-
unemployment
2 236
-
8 861
-
pensions
2 143
-
8 492
-
surtax
114
-
7 859
-
income
5 386
-
49 874
-
health
820
-
3 246
-
total
10 699
-
78 332
-
Employer
32 126
-
161 200
-
health
1 461
-
5 793
-
pensions
4 283
-
16 972
-
unemployment
1 019
-
4 035
-
other
-
-
-
-
total
6 763
-
26 800
-
Corporate
149 111
188 000
-
-
income
38 768
48 880
-
-
total
38 768
48 880
-
-
Dividends
110 343
139 120
-
-
withholding
16 552
20 868
-
-
total
16 552
20 868
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 782
69 748
105 132
99 299
After tax
115 218
118 252
82 868
88 701
Living cost
21 427
21 427
21 427
21 427
Free-cash
93 791
96 825
61 441
67 274

Estimated living cost  is ₽21427 per week

₽12937
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.
₽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.
₽6132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73119
₽54390
₽62644
₽71002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
social contributions
-
-
-
47 745
regional
-
-
-
2 847
municipal
-
-
-
1 122
national
-
-
-
47 944
total
-
-
-
99 658
Employee
52 917
-
188 000
-
municipal
281
-
1 003
-
national
8 384
-
41 768
-
regional
712
-
2 546
-
social contributions
17 844
-
62 595
-
total
27 221
-
107 912
-
Employer
52 917
-
188 000
-
total
-
-
-
-
Corporate
135 083
188 000
-
-
municipal
6 714
9 343
-
-
nationa
32 419
45 120
-
-
total
39 133
54 463
-
-
Dividends
95 949
133 537
-
-
withholding
24 946
34 720
-
-
total
24 946
34 720
-
-
Income
188 000
188 000
188 000
188 000
Total tax
91 300
89 183
107 912
99 658
After tax
96 700
98 817
80 088
88 342
Living cost
25 698
25 698
25 698
25 698
Free-cash
71 002
73 119
54 390
62 644

Estimated living cost  is ₽25698 per week

₽15981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100179
₽71263
₽79125
₽89741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
19 268
social contributions
-
-
-
34 167
solidarity contribution
-
-
-
801
health
-
-
-
25 380
total
-
-
-
79 616
Employee
43 028
-
145 640
-
solidarity contribution
-
-
95
-
social contributions
2 797
-
7 606
-
income
5 163
-
17 756
-
health
5 809
-
19 661
-
total
13 769
-
45 118
-
Employer
43 028
-
145 640
-
health
3 872
-
13 108
-
social contributions
10 757
-
29 252
-
total
14 629
-
42 360
-
Corporate
130 343
188 000
-
-
income
24 765
35 720
-
-
total
24 765
35 720
-
-
Dividends
105 578
152 280
-
-
withholding
15 837
22 842
-
-
total
15 837
22 842
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 000
58 562
87 478
79 616
After tax
119 000
129 438
100 522
108 384
Living cost
29 259
29 259
29 259
29 259
Free-cash
89 741
100 179
71 263
79 125

Estimated living cost  is ₽29259 per week

₽21759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1621
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.
₽5373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73500
₽19181
₽66299
₽73024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
55 521
surtax
-
-
-
-
unemployment
-
-
-
5 851
chamber of commerce
-
-
-
751
health
-
-
-
8 525
pensions
-
-
-
20 618
total
-
-
-
91 266
Employee
41 700
38 017
152 900
-
other
416
380
1 115
-
unemployment
1 251
1 140
3 344
-
pensions
4 271
3 892
11 412
-
income
3 715
2 804
45 781
-
health
1 613
1 472
4 312
-
total
11 266
9 688
65 964
-
Employer
41 700
38 017
152 900
-
chamber of commerce
167
152
612
-
health
1 577
1 437
4 213
-
pensions
5 234
4 772
13 986
-
accident
541
494
1 448
-
unemployment
1 251
1 140
3 344
-
surtax
-
-
-
-
payroll
1 251
1 140
4 587
-
other
1 980
1 805
6 910
-
total
12 001
10 940
35 100
-
Corporate
134 299
139 042
149 279
-
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.

33 574
34 760
37 320
-
total
33 574
34 760
37 320
-
Dividends
100 725
104 282
-
-
withholding
27 700
28 677
-
-
total
27 700
28 677
-
-
Income
188 000
188 000
188 000
188 000
Total tax
84 541
84 065
138 384
91 266
After tax
103 459
103 935
49 616
96 734
Living cost
30 435
30 435
30 435
30 435
Free-cash
73 024
73 500
19 181
66 299

Estimated living cost  is ₽30435 per week

₽18257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽166466
₽138266
₽173986
₽164190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
188 000
microenterprise

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

-
-
-
1 880
total
-
-
-
1 880
Employee
15 168
-
188 000
-
income
3 034
-
37 600
-
total
3 034
-
37 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

172 832
188 000
-
-
total
-
-
-
-
Dividends
172 832
188 000
-
-
withholding
8 642
9 400
-
-
total
8 642
9 400
-
-
Income
188 000
188 000
188 000
188 000
Total tax
11 676
9 400
37 600
1 880
After tax
176 324
178 600
150 400
186 120
Living cost
12 134
12 134
12 134
12 134
Free-cash
164 190
166 466
138 266
173 986

Estimated living cost  is ₽12134 per week

₽8211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103851
₽60239
₽64503
₽95869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
44 795
unemployment
-
-
-
282
health
-
-
-
18 500
pensions
-
-
-
34 333
total
-
-
-
97 910
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.

42 184
-
162 672
-
unemployment
60
-
228
-
pensions
6 539
-
25 214
-
income
7 275
-
40 894
-
health
2 725
-
10 509
-
total
16 599
-
76 845
-
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.

42 184
-
162 672
-
health
2 810
-
10 835
-
pensions
3 733
-
14 396
-
unemployment
25
-
98
-
total
6 568
-
25 329
-
Corporate
139 248
188 000
-
-
income
26 458
35 719
-
-
total
26 458
35 719
-
-
Dividends
112 790
152 281
-
-
withholding
16 919
22 843
-
-
total
16 919
22 843
-
-
Income
188 000
188 000
188 000
188 000
Total tax
66 544
58 562
102 174
97 910
After tax
121 456
129 438
85 826
90 090
Living cost
25 587
25 587
25 587
25 587
Free-cash
95 869
103 851
60 239
64 503

Estimated living cost  is ₽25587 per week

₽17560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73235
₽134312
₽88779
₽27878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
36 645
social contributions
-
-
-
21 432
total
-
-
-
58 077
Employee
58 995
-
-
-
social contributions
4 838
-
689
-
income
13 013
-
-
-
total
17 851
-
689
-
Employer
58 995
-
-
-
social contributions
83 183
-
11 855
-
total
83 183
-
11 855
-
Corporate
45 823
188 000
-
-
income
10 081
41 360
-
-
total
10 081
41 360
-
-
Dividends
35 742
146 640
-
-
income
7 863
32 261
-
-
total
7 863
32 261
-
-
Income
188 000
188 000
188 000
188 000
Total tax
118 978
73 621
12 544
58 077
After tax
69 022
114 379
175 456
129 923
Living cost
41 144
41 144
41 144
41 144
Free-cash
27 878
73 235
134 312
88 779

Estimated living cost  is ₽41144 per week

₽26696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10054
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77011
₽55225
₽69479
₽76052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
23 267
surtax
-
-
-
-
social contributions

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

-
-
-
65 331
total
-
-
-
88 598
Employee
43 875
-
151 919
-
surtax
-
-
-
-
social contributions
4 826
-
16 711
-
income
9 126
-
50 060
-
total
13 952
-
66 771
-
Employer
43 875
-
151 919
-
social contributions
10 420
-
36 081
-
total
10 420
-
36 081
-
Corporate
133 705
188 000
-
-
income
28 078
39 479
-
-
surtax
-
-
-
-
total
28 078
39 479
-
-
Dividends
105 627
148 521
-
-
withholding
29 575
41 587
-
-
total
29 575
41 587
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 025
81 066
102 852
88 598
After tax
105 975
106 934
85 148
99 402
Living cost
29 923
29 923
29 923
29 923
Free-cash
76 052
77 011
55 225
69 479

Estimated living cost  is ₽29923 per week

₽22388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽48676
₽54977
₽59107
₽55235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
31 441
other
-
-
-
5 827
surtax
-
-
-
-
social contributions
-
-
-
5 357
health
-
-
-
8 574
pensions
-
-
-
31 619
total
-
-
-
82 818
Employee
59 748
-
144 563
-
pensions
6 758
-
10 440
-
surtax
-
-
-
-
social contributions
1 702
-
4 118
-
income
5 213
-
28 954
-
total
13 673
-
43 512
-
Employer
59 748
-
144 563
-
health
4 182
-
13 836
-
pensions
9 817
-
17 506
-
unemployment
2 420
-
5 855
-
social contributions
179
-
434
-
other
2 062
-
5 805
-
total
18 660
-
43 436
-
Corporate
109 591
188 000
-
-
income
30 685
52 640
-
-
surtax
-
-
-
-
total
30 685
52 640
-
-
Dividends
78 906
135 360
-
-
surtax
-
-
-
-
social contributions
13 572
23 282
-
-
withholding
10 100
17 327
-
-
total
23 672
40 609
-
-
Income
188 000
188 000
188 000
188 000
Total tax
86 690
93 249
86 948
82 818
After tax
101 310
94 751
101 052
105 182
Living cost
46 075
46 075
46 075
46 075
Free-cash
55 235
48 676
54 977
59 107

Estimated living cost  is ₽46075 per week

₽31183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
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.
₽10491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽140524
₽114089
₽109093
₽137320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
8 871
social contributions
-
-
-
41 360
total
-
-
-
50 231
Employee
30 669
-
162 770
-
income
-
-
9 426
-
social contributions
1 993
-
10 579
-
total
1 993
-
20 005
-
Employer
30 669
-
162 770
-
social contributions
4 754
-
25 230
-
total
4 754
-
25 230
-
Corporate
152 577
188 000
-
-
income
15 257
18 800
-
-
total
15 257
18 800
-
-
Dividends
137 320
169 200
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
22 004
18 800
45 235
50 231
After tax
165 996
169 200
142 765
137 769
Living cost
28 676
28 676
28 676
28 676
Free-cash
137 320
140 524
114 089
109 093

Estimated living cost  is ₽28676 per week

₽18541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19636
-₽19636
₽63818
-₽19636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
labour market
-
-
-
14 974
municipal
-
-
-
39 759
national
-
-
-
22 726
pensions
-
-
-
826
total
-
-
-
78 285
Employee
193 719
193 719
193 719
-
municipal
41 251
41 251
41 251
-
labour market
15 475
15 475
15 475
-
pensions
275
275
275
-
national
23 666
23 666
23 666
-
total
80 667
80 667
80 667
-
Employer
193 719
193 719
193 719
-
national
23 707
23 707
23 707
-
labour market
15 497
15 497
15 497
-
pensions
551
551
551
-
municipal
41 317
41 317
41 317
-
total
81 072
81 072
81 072
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
161 739
161 739
161 739
78 285
After tax
26 261
26 261
26 261
109 715
Living cost
45 897
45 897
45 897
45 897
Free-cash
-19 636
-19 636
-19 636
63 818

Estimated living cost  is ₽45897 per week

₽31412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4060
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽706
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5739
₽81770
₽107487
₽12011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
244
income
-
-
-
52 809
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
59 546
Employee
32 983
-
170 325
-
pensions
3 714
-
7 380
-
income
4 525
-
40 706
-
health
3 777
-
19 503
-
total
12 016
-
67 589
-
Employer
32 983
-
170 325
-
pensions
5 363
-
10 657
-
accident
551
-
2 844
-
unemployment
808
-
4 173
-
total
6 722
-
17 674
-
Corporate
148 296
188 000
-
-
income

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

133 466
169 200
-
-
total
133 466
169 200
-
-
Dividends
14 829
18 800
-
-
withholding
2 818
3 572
-
-
total
2 818
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
155 022
172 772
85 263
59 546
After tax
32 978
15 228
102 737
128 454
Living cost
20 967
20 967
20 967
20 967
Free-cash
12 011
-5 739
81 770
107 487

Estimated living cost  is ₽20967 per week

₽15262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79938
₽60198
₽81732
₽82813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
188 000
health
-
-
-
2 496
municipal
-
-
-
33 391
national
-
-
-
33 756
total
-
-
-
69 643
Employee
50 190
-
158 155
-
municipal
8 221
-
25 754
-
unemployment
753
-
2 372
-
pensions
3 387
-
10 675
-
national
829
-
20 495
-
health
375
-
2 037
-
total
13 565
-
61 333
-
Employer
50 190
-
158 155
-
health
386
-
1 218
-
pensions
8 708
-
27 441
-
accident
51
-
157
-
unemployment
326
-
1 028
-
total
9 471
-
29 844
-
Corporate
128 341
188 000
-
-
income
25 668
37 600
-
-
total
25 668
37 600
-
-
Dividends

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

77 004
112 800
-
-
municipal
13 862
20 305
-
-
national
5 996
13 532
-
-
total
19 858
33 837
-
-
Income
188 000
188 000
188 000
188 000
Total tax
68 562
71 437
91 177
69 643
After tax
119 438
116 563
96 823
118 357
Living cost
36 625
36 625
36 625
36 625
Free-cash
82 813
79 938
60 198
81 732

Estimated living cost  is ₽36625 per week

₽23923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3523
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.
₽8597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114997
₽103810
₽105412
₽109805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
40 272
social contributions
-
-
-
15 435
health
-
-
-
4 794
total
-
-
-
60 501
Employee
73 355
73 355
176 523
-
social contributions
2 773
6 088
8 212
-
income
7 987
6 790
39 411
-
health
568
1 247
3 002
-
total
11 328
14 125
50 625
-
Employer
73 355
73 355
176 523
-
health
617
1 358
3 266
-
social contributions
2 773
6 088
8 212
-
total
3 390
7 446
11 478
-
Corporate
151 194
107 199
-
-
income
18 900
13 400
-
-
total
18 900
13 400
-
-
Dividends
132 294
93 799
-
-
withholding
22 490
15 945
-
-
total
22 490
15 945
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 108
50 916
62 103
60 501
After tax
131 892
137 084
125 897
127 499
Living cost
22 087
22 087
22 087
22 087
Free-cash
109 805
114 997
103 810
105 412

Estimated living cost  is ₽22087 per week

₽13237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽140538
₽124879
₽144014
₽135682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
188 000
income
-
-
-
19 293
unemployment
-
-
-
27
health
-
-
-
3 452
pensions
-
-
-
6 068
total
-
-
-
28 840
Employee

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

21 897
-
178 677
-
unemployment
109
-
453
-
pensions
3 284
-
13 577
-
income
1 497
-
16 928
-
health
1 861
-
7 694
-
total
6 751
-
38 652
-
Employer

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

21 897
-
178 677
-
health
941
-
3 892
-
pensions
1 204
-
4 978
-
unemployment
109
-
453
-
total
2 254
-
9 323
-
Corporate
163 850
188 000
-
-
income
14 747
16 919
-
-
total
14 747
16 919
-
-
Dividends
149 103
171 081
-
-
withholding
13 420
15 397
-
-
total
13 420
15 397
-
-
Income
188 000
188 000
188 000
188 000
Total tax
37 172
32 316
47 975
28 840
After tax
150 828
155 684
140 025
159 160
Living cost
15 146
15 146
15 146
15 146
Free-cash
135 682
140 538
124 879
144 014

Estimated living cost  is ₽15146 per week

₽9663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1092
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3939
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98841
₽75046
₽79049
₽94628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
797
income
-
-
-
56 191
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
82 718
Employee
35 273
-
159 812
-
other
34
-
89
-
unemployment
547
-
1 370
-
pensions
1 658
-
4 156
-
income
6 800
-
52 916
-
total
9 039
-
58 531
-
Employer
35 273
-
159 812
-
pensions
8 324
-
20 868
-
accident
699
-
1 751
-
unemployment
1 941
-
4 863
-
other
282
-
708
-
total
11 246
-
28 190
-
Corporate
141 481
188 000
-
-
income

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

21 222
28 199
-
-
total
21 222
28 199
-
-
Dividends
120 259
159 801
-
-
withholding
25 632
34 727
-
-
total
25 632
34 727
-
-
Income
188 000
188 000
188 000
188 000
Total tax
67 139
62 926
86 721
82 718
After tax
120 861
125 074
101 279
105 282
Living cost
26 233
26 233
26 233
26 233
Free-cash
94 628
98 841
75 046
79 049

Estimated living cost  is ₽26233 per week

₽17707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115462
₽119133
₽119264
₽115158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
64 558
health
-
-
-
978
pensions
-
-
-
1 350
total
-
-
-
66 886
Employee
2 818
-
186 482
-
unemployment
28
-
67
-
pensions
254
-
607
-
income
545
-
64 488
-
health
141
-
337
-
total
968
-
65 499
-
Employer
2 818
-
186 482
-
health
268
-
641
-
pensions
310
-
742
-
unemployment
56
-
135
-
total
634
-
1 518
-
Corporate
184 548
188 000
-
-
income
40 601
41 360
-
-
total
40 601
41 360
-
-
Dividends
143 947
146 640
-
-
withholding
28 789
29 328
-
-
total
28 789
29 328
-
-
Income
188 000
188 000
188 000
188 000
Total tax
70 992
70 688
67 017
66 886
After tax
117 008
117 312
120 983
121 114
Living cost
1 850
1 850
1 850
1 850
Free-cash
115 158
115 462
119 133
119 264

Estimated living cost  is ₽1850 per week

₽1100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽42
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119330
₽101832
₽101832
₽114635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
43 014
unemployment
-
-
-
1 058
health
-
-
-
7 263
pensions
-
-
-
18 333
total
-
-
-
69 668
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.

24 882
-
175 378
-
unemployment
187
-
529
-
pensions
3 483
-
9 872
-
income
3 430
-
43 014
-
health
1 281
-
3 631
-
total
8 381
-
57 046
-
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.

24 882
-
175 378
-
health
1 281
-
3 631
-
pensions
2 986
-
8 462
-
unemployment
187
-
529
-
total
4 454
-
12 622
-
Corporate
158 665
188 000
-
-
income
23 800
28 200
-
-
total
23 800
28 200
-
-
Dividends
134 865
159 800
-
-
withholding
20 230
23 970
-
-
total
20 230
23 970
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 865
52 170
69 668
69 668
After tax
131 135
135 830
118 332
118 332
Living cost
16 500
16 500
16 500
16 500
Free-cash
114 635
119 330
101 832
101 832

Estimated living cost  is ₽16500 per week

₽11110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81216
₽59430
₽73684
₽80872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
23 267
surtax
-
-
-
-
social contributions

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

-
-
-
65 331
total
-
-
-
88 598
Employee
37 025
-
151 919
-
surtax
-
-
-
-
social contributions
4 073
-
16 711
-
income
7 235
-
50 060
-
total
11 308
-
66 771
-
Employer
37 025
-
151 919
-
social contributions
8 793
-
36 081
-
total
8 793
-
36 081
-
Corporate
142 182
188 000
-
-
income
29 858
39 479
-
-
surtax
-
-
-
-
total
29 858
39 479
-
-
Dividends
112 324
148 521
-
-
withholding
31 451
41 587
-
-
total
31 451
41 587
-
-
Income
188 000
188 000
188 000
188 000
Total tax
81 410
81 066
102 852
88 598
After tax
106 590
106 934
85 148
99 402
Living cost
25 718
25 718
25 718
25 718
Free-cash
80 872
81 216
59 430
73 684

Estimated living cost  is ₽25718 per week

₽18215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1787
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91548
₽67753
₽71756
₽85306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
797
income
-
-
-
56 191
other
-
-
-
89
unemployment
-
-
-
619
pensions
-
-
-
25 022
total
-
-
-
82 718
Employee
46 072
-
159 812
-
other
45
-
89
-
unemployment
713
-
1 370
-
pensions
2 165
-
4 156
-
income
9 623
-
52 916
-
total
12 546
-
58 531
-
Employer
46 072
-
159 812
-
pensions
10 873
-
20 868
-
accident
912
-
1 751
-
unemployment
2 534
-
4 863
-
other
369
-
708
-
total
14 688
-
28 190
-
Corporate
127 239
188 000
-
-
income

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

19 086
28 199
-
-
total
19 086
28 199
-
-
Dividends
108 153
159 801
-
-
withholding
22 848
34 727
-
-
total
22 848
34 727
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 168
62 926
86 721
82 718
After tax
118 832
125 074
101 279
105 282
Living cost
33 526
33 526
33 526
33 526
Free-cash
85 306
91 548
67 753
71 756

Estimated living cost  is ₽33526 per week

₽24077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽144336
₽142092
₽134502
₽138524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
28 200
unemployment
-
-
-
133
health
-
-
-
3 831
pensions

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

-
-
-
4 930
total
-
-
-
37 094
Employee
21 722
-
181 465
-
accident

We are using the highest rate at 1.1%.

239
-
366
-
pensions

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

1 907
-
2 925
-
income
2 173
-
18 146
-
health
999
-
1 532
-
total
5 318
-
22 969
-
Employer
21 722
-
181 465
-
health
1 499
-
2 298
-
pensions

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

2 394
-
3 671
-
accident

We are using the highest rate at 1.1%.

239
-
366
-
unemployment
130
-
200
-
total
4 262
-
6 535
-
Corporate
162 016
188 000
-
-
income
16 201
18 800
-
-
total
16 201
18 800
-
-
Dividends
145 815
169 200
-
-
withholding
7 291
8 460
-
-
total
7 291
8 460
-
-
Income
188 000
188 000
188 000
188 000
Total tax
33 072
27 260
29 504
37 094
After tax
154 928
160 740
158 496
150 906
Living cost
16 404
16 404
16 404
16 404
Free-cash
138 524
144 336
142 092
134 502

Estimated living cost  is ₽16404 per week

₽10850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59893
₽81008
₽60394
₽72371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income

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

-
-
-
60 327
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.

-
-
-
3 318
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.

-
-
-
6 517
trade
-
-
-
20 614
total
-
-
-
90 776
Employee

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

47 465
-
188 000
-
surtax

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

215
-
3 318
-
income

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

3 903
-
60 327
-
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.

6 517
-
6 517
-
total
10 635
-
70 162
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
140 535
188 000
-
-
income
21 079
28 199
-
-
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.

1 159
1 551
-
-
chamber of commerce
351
420
-
-
trade
20 167
26 977
-
-
total
42 756
57 147
-
-
Dividends
97 779
130 852
-
-
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.

1 325
1 780
-
-
withholding
24 083
32 350
-
-
total
25 408
34 130
-
-
Income
188 000
188 000
188 000
188 000
Total tax
78 799
91 277
70 162
90 776
After tax
109 201
96 723
117 838
97 224
Living cost
36 830
36 830
36 830
36 830
Free-cash
72 371
59 893
81 008
60 394

Estimated living cost  is ₽36830 per week

₽25406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77257
₽42397
₽42397
₽79364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
59 433
social contributions
-
-
-
31 828
total
-
-
-
91 261
Employee
74 621
-
188 000
-
income
14 081
-
59 433
-
social contributions
6 199
-
31 828
-
total
20 280
-
91 261
-
Employer
74 621
-
188 000
-
total
-
-
-
-
Corporate
113 379
188 000
-
-
income
14 173
23 500
-
-
total
14 173
23 500
-
-
Dividends
99 206
164 500
-
-
withholding
19 841
32 901
-
-
total
19 841
32 901
-
-
Income
188 000
188 000
188 000
188 000
Total tax
54 294
56 401
91 261
91 261
After tax
133 706
131 599
96 739
96 739
Living cost
54 342
54 342
54 342
54 342
Free-cash
79 364
77 257
42 397
42 397

Estimated living cost  is ₽54342 per week

₽41342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82531
₽97825
₽119348
₽85864
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
28 199
health

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

-
-
-
5 824
total
-
-
-
34 023
Employee
43 762
-
183 612
-
income
4 748
-
46 770
-
social contributions
4 385
-
4 388
-
total
9 133
-
51 158
-
Employer
43 762
-
183 612
-
social contributions
4 385
-
4 388
-
total
4 385
-
4 388
-
Corporate
139 853
188 000
-
-
income
48 949
65 800
-
-
total
48 949
65 800
-
-
Dividends
90 904
122 200
-
-
social contributions
5 040
5 040
-
-
total
5 040
5 040
-
-
Income
188 000
188 000
188 000
188 000
Total tax
67 507
70 840
55 546
34 023
After tax
120 493
117 160
132 454
153 977
Living cost
34 629
34 629
34 629
34 629
Free-cash
85 864
82 531
97 825
119 348

Estimated living cost  is ₽34629 per week

₽22810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85646
₽71064
₽87958
₽91239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
income
-
-
-
56 027
pensions
-
-
-
8 931
total
-
-
-
64 958
Employee
48 158
-
164 028
-
pensions
3 676
-
10 826
-
income
8 770
-
44 761
-
health
628
-
2 295
-
total
13 074
-
57 882
-
Employer
48 158
-
164 028
-
health
915
-
3 116
-
pensions
4 866
-
20 854
-
total
5 781
-
23 970
-
Corporate
134 061
188 000
-
-
income

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

25 472
35 721
-
-
total
25 472
35 721
-
-
Dividends
108 589
152 279
-
-
withholding
17 350
31 549
-
-
total
17 350
31 549
-
-
Income
188 000
188 000
188 000
188 000
Total tax
61 677
67 270
81 852
64 958
After tax
126 323
120 730
106 148
123 042
Living cost
35 084
35 084
35 084
35 084
Free-cash
91 239
85 646
71 064
87 958

Estimated living cost  is ₽35084 per week

₽24068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽7815
₽79694
₽105411
₽11693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
accident
-
-
-
244
income
-
-
-
52 809
other
-
-
-
358
health
-
-
-
2 110
pensions
-
-
-
4 025
total
-
-
-
59 546
Employee
36 247
-
170 325
-
pensions
4 082
-
7 380
-
income
4 973
-
40 706
-
health
4 150
-
19 503
-
total
13 205
-
67 589
-
Employer
36 247
-
170 325
-
pensions
5 894
-
10 657
-
accident
605
-
2 844
-
unemployment
888
-
4 173
-
total
7 387
-
17 674
-
Corporate
144 366
188 000
-
-
income

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

129 929
169 200
-
-
total
129 929
169 200
-
-
Dividends
14 437
18 800
-
-
withholding
2 743
3 572
-
-
total
2 743
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
153 264
172 772
85 263
59 546
After tax
34 736
15 228
102 737
128 454
Living cost
23 043
23 043
23 043
23 043
Free-cash
11 693
-7 815
79 694
105 411

Estimated living cost  is ₽23043 per week

₽16911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130953
₽122885
₽101939
₽140878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
188 000
income
-
-
-
31 302
unemployment
-
-
-
1 828
work injury
-
-
-
762
health insurance
-
-
-
11 273
pensions
-
-
-
28 029
total
-
-
-
73 194
Employee

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

20 586
-
188 000
-
health insurance
1 523
-
5 636
-
unemployment
247
-
914
-
work injury
103
-
381
-
pensions
3 788
-
14 015
-
income
2 059
-
31 302
-
total
7 720
-
52 248
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
167 414
188 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

1 674
18 800
-
-
total
1 674
18 800
-
-
Dividends
165 739
169 200
-
-
withholding
24 861
25 380
-
-
total
24 861
25 380
-
-
Income
188 000
188 000
188 000
188 000
Total tax
34 255
44 180
52 248
73 194
After tax
153 745
143 820
135 752
114 806
Living cost
12 867
12 867
12 867
12 867
Free-cash
140 878
130 953
122 885
101 939

Estimated living cost  is ₽12867 per week

₽7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61023
₽40638
₽48695
₽56682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
188 000
social contributions
-
-
-
47 745
regional
-
-
-
4 351
municipal
-
-
-
1 262
national
-
-
-
47 944
total
-
-
-
101 302
Employee
80 387
-
188 000
-
municipal
480
-
1 128
-
national
13 585
-
41 768
-
regional
1 214
-
3 868
-
social contributions
27 106
-
62 595
-
total
42 385
-
109 359
-
Employer
80 387
-
188 000
-
total
-
-
-
-
Corporate
107 613
188 000
-
-
municipal
5 187
9 062
-
-
nationa
25 828
45 120
-
-
total
31 015
54 182
-
-
Dividends
76 599
133 817
-
-
withholding
19 915
34 792
-
-
total
19 915
34 792
-
-
Income
188 000
188 000
188 000
188 000
Total tax
93 315
88 974
109 359
101 302
After tax
94 685
99 026
78 641
86 698
Living cost
38 003
38 003
38 003
38 003
Free-cash
56 682
61 023
40 638
48 695

Estimated living cost  is ₽38003 per week

₽26695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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