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
₽76592
₽66129
₽89072
₽66390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
22 682
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.

-
-
-
60 479
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.

-
-
-
6 464
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.

-
-
-
3 327
total
-
-
-
92 952
Employee

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

36 188
-
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
-
3 327
-
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.

6 464
-
6 464
-
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.

1 011
-
60 479
-
total
7 531
-
70 270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
151 812
188 000
-
-
trade
23 910
29 609
-
-
income
22 772
28 200
-
-
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.

1 253
1 551
-
-
chamber of commerce
361
413
-
-
total
48 296
59 773
-
-
Dividends
103 515
128 227
-
-
withholding
25 519
31 697
-
-
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.

1 404
1 743
-
-
total
26 923
33 440
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 750
93 213
70 270
92 952
After tax
105 250
94 787
117 730
95 048
Living cost
28 658
28 658
28 658
28 658
Free-cash
76 592
66 129
89 072
66 390

Estimated living cost  is ₽28658 per week

₽18027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68055
₽68861
₽61613
₽60604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
22 560
municipal
-
-
-
20 734
national
-
-
-
33 630
total
-
-
-
78 945
Employee
75 108
-
162 524
-
national
14 376
-
35 224
-
municipal
9 277
-
21 462
-
pensions
3 004
-
6 501
-
total
26 657
-
63 187
-
Employer
75 108
-
162 524
-
pensions
6 009
-
13 002
-
social contributions
807
-
1 747
-
total
6 816
-
14 749
-
Corporate
101 119
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%.

20 224
37 600
-
-
total
20 224
37 600
-
-
Dividends
80 895
150 400
-
-
withholding
17 797
33 088
-
-
total
17 797
33 088
-
-
Income
188 000
188 000
188 000
188 000
Total tax
71 494
70 688
77 936
78 945
After tax
116 506
117 312
110 064
109 055
Living cost
48 451
48 451
48 451
48 451
Free-cash
68 055
68 861
61 613
60 604

Estimated living cost  is ₽48451 per week

₽32932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽725
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122955
₽130717
₽60746
₽47026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
36 251
income
-
-
-
37 100
microenterprise
-
-
-
-
surtax
-
-
-
47 939
total
-
-
-
121 290
Employee
27 647
-
144 898
-
surtax
-
-
21 011
-
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.

3 042
-
12 403
-
income
4 921
-
31 054
-
total
7 963
-
64 468
-
Employer
27 647
-
144 898
-
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.

6 659
-
27 164
-
surtax
-
-
15 938
-
total
6 659
-
43 102
-
Corporate
153 694
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%.

30 739
37 599
-
-
total
30 739
37 599
-
-
Dividends

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

122 955
150 401
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
45 361
37 599
107 570
121 290
After tax
142 639
150 401
80 430
66 710
Living cost
19 684
19 684
19 684
19 684
Free-cash
122 955
130 717
60 746
47 026

Estimated living cost  is ₽19684 per week

₽12558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47966
₽53763
₽80139
₽62671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62 942
pensions
-
-
-
11 085
health
-
-
-
11 667
total
-
-
-
85 694
Employee
80 797
80 797
170 417
-
health
12 401
10 548
11 667
-
pensions
14 543
11 085
11 085
-
income

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

13 225
13 225
27 891
-
total
40 169
34 858
50 643
-
Employer
80 797
80 797
170 417
-
pensions
5 623
5 623
6 990
-
unemployment
2 909
2 909
3 614
-
health
5 616
5 616
6 979
-
total
14 148
14 148
17 583
-
Corporate
94 046
93 055
-
-
income
18 809
18 610
-
-
total
18 809
18 610
-
-
Dividends
75 237
74 445
-
-
withholding
11 286
11 166
-
-
income
15 987
15 820
-
-
total
27 273
26 986
-
-
Income
188 000
188 000
188 000
188 000
Total tax
100 399
94 602
68 226
85 694
After tax
87 601
93 398
119 774
102 306
Living cost
39 635
39 635
39 635
39 635
Free-cash
47 966
53 763
80 139
62 671

Estimated living cost  is ₽39635 per week

₽28089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62874
₽63747
₽55690
₽56633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 907
unemployment
-
-
-
85
pensions
-
-
-
9 216
municipal
-
-
-
48 696
accident
-
-
-
170
national
-
-
-
19 072
health
-
-
-
5 320
total
-
-
-
92 466
Employee
55 430
-
161 212
-
national
-
-
18 549
-
municipal
16 529
-
48 073
-
total
16 529
-
66 622
-
Employer
55 430
-
161 212
-
other
6 441
-
9 907
-
accident
111
-
170
-
pensions
5 992
-
9 216
-
unemployment
1 463
-
2 251
-
health
3 409
-
5 243
-
total
17 416
-
26 787
-
Corporate
115 154
188 000
-
-
income
25 334
41 360
-
-
total
25 334
41 360
-
-
Dividends
89 820
146 640
-
-
withholding
26 946
43 992
-
-
total
26 946
43 992
-
-
Income
188 000
188 000
188 000
188 000
Total tax
86 225
85 352
93 409
92 466
After tax
101 775
102 648
94 591
95 534
Living cost
38 901
38 901
38 901
38 901
Free-cash
62 874
63 747
55 690
56 633

Estimated living cost  is ₽38901 per week

₽25782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3817
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69945
₽56651
₽80562
₽56872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
23 690
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.

-
-
-
60 479
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.

-
-
-
6 464
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.

-
-
-
3 327
total
-
-
-
93 960
Employee

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

47 981
-
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.

226
-
3 327
-
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.

6 464
-
6 464
-
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.

4 122
-
60 479
-
total
10 812
-
70 270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
140 019
188 000
-
-
trade
23 032
30 925
-
-
income
21 004
28 200
-
-
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.

1 154
1 551
-
-
chamber of commerce
343
411
-
-
total
45 533
61 087
-
-
Dividends
94 486
126 912
-
-
withholding
23 262
31 369
-
-
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.

1 280
1 725
-
-
total
24 542
33 094
-
-
Income
188 000
188 000
188 000
188 000
Total tax
80 887
94 181
70 270
93 960
After tax
107 113
93 819
117 730
94 040
Living cost
37 168
37 168
37 168
37 168
Free-cash
69 945
56 651
80 562
56 872

Estimated living cost  is ₽37168 per week

₽24858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102466
₽106391
₽95148
₽96742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 308
income
-
-
-
40 468
health
-
-
-
4 794
total
-
-
-
60 570
Employee
72 754
72 754
176 588
-
health
724
1 237
3 002
-
social contributions
3 535
6 038
8 144
-
income
7 640
6 735
39 608
-
total
11 899
14 010
50 754
-
Employer
72 754
72 754
176 588
-
social contributions
3 535
6 038
8 144
-
health
788
1 347
3 266
-
total
4 323
7 385
11 410
-
Corporate
141 090
107 861
-
-
income
17 637
13 482
-
-
total
17 637
13 482
-
-
Dividends
123 453
94 379
-
-
withholding
20 987
16 044
-
-
total
20 987
16 044
-
-
Income
188 000
188 000
188 000
188 000
Total tax
54 846
50 921
62 164
60 570
After tax
133 154
137 079
125 836
127 430
Living cost
30 688
30 688
30 688
30 688
Free-cash
102 466
106 391
95 148
96 742

Estimated living cost  is ₽30688 per week

₽20978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88344
₽87977
₽91391
₽112644
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
2 820
income
-
-
-
22 983
pensions
-
-
-
18 800
health
-
-
-
13 160
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.

25 396
10 107
157 322
-
unemployment
381
152
2 360
-
health
1 778
708
11 013
-
pensions
2 540
1 011
15 732
-
income
3 105
1 236
19 233
-
total
7 804
3 107
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.

25 396
10 107
157 322
-
pensions
4 952
1 971
30 678
-
total
4 952
1 971
30 678
-
Corporate
157 651
175 922
-
-
income
14 189
15 833
-
-
total
14 189
15 833
-
-
Dividends
143 463
160 089
-
-
withholding
27 258
30 417
-
-
social contributions
27 860
31 102
-
-
total
55 118
61 519
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 063
82 430
79 016
57 763
After tax
105 937
105 570
108 984
130 237
Living cost
17 593
17 593
17 593
17 593
Free-cash
88 344
87 977
91 391
112 644

Estimated living cost  is ₽17593 per week

₽12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽352
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽121670
₽127548
₽85509
₽77916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
37 599
health
-
-
-
24 440
total
-
-
-
87 231
Employee
26 841
-
140 510
-
unemployment
429
-
2 248
-
pensions
537
-
2 810
-
income
3 022
-
27 090
-
total
3 988
-
32 148
-
Employer
26 841
-
140 510
-
pensions
5 368
-
28 101
-
unemployment
215
-
1 124
-
health
3 489
-
18 265
-
total
9 072
-
47 490
-
Corporate
152 087
188 000
-
-
income
30 417
37 599
-
-
total
30 417
37 599
-
-
Dividends
121 670
150 401
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
43 477
37 599
79 638
87 231
After tax
144 523
150 401
108 362
100 769
Living cost
22 853
22 853
22 853
22 853
Free-cash
121 670
127 548
85 509
77 916

Estimated living cost  is ₽22853 per week

₽15675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1361
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.
₽5358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11969
-₽6013
₽81507
₽107211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
52 823
pensions
-
-
-
4 017
accident
-
-
-
244
health
-
-
-
2 106
total
-
-
-
59 548
Employee
33 413
-
170 345
-
health
3 826
-
19 505
-
pensions
3 762
-
7 366
-
income
4 584
-
40 726
-
total
12 172
-
67 597
-
Employer
33 413
-
170 345
-
accident
558
-
2 845
-
pensions
5 433
-
10 637
-
unemployment
819
-
4 173
-
total
6 810
-
17 655
-
Corporate
147 778
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.

133 000
169 200
-
-
total
133 000
169 200
-
-
Dividends
14 778
18 800
-
-
withholding
2 808
3 572
-
-
total
2 808
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
154 790
172 772
85 252
59 548
After tax
33 210
15 228
102 748
128 452
Living cost
21 241
21 241
21 241
21 241
Free-cash
11 969
-6 013
81 507
107 211

Estimated living cost  is ₽21241 per week

₽15568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽169446
₽170891
₽142691
₽178411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 636
-
188 000
-
income
1 927
-
37 600
-
total
1 927
-
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%.

178 364
188 000
-
-
total
-
-
-
-
Dividends
178 364
188 000
-
-
withholding
8 918
9 400
-
-
total
8 918
9 400
-
-
Income
188 000
188 000
188 000
188 000
Total tax
10 845
9 400
37 600
1 880
After tax
177 155
178 600
150 400
186 120
Living cost
7 709
7 709
7 709
7 709
Free-cash
169 446
170 891
142 691
178 411

Estimated living cost  is ₽7709 per week

₽4777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106522
₽112912
₽82409
₽84020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 834
income
-
-
-
31 073
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.

-
-
-
34 531
health
-
-
-
6 331
total
-
-
-
78 769
Employee
34 353
-
151 681
-
unemployment
343
-
1 438
-
health
481
-
2 015
-
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.

2 404
-
10 071
-
income
5 914
-
30 536
-
total
9 142
-
44 060
-
Employer
34 353
-
151 681
-
other
1 718
-
7 193
-
accident
275
-
1 214
-
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.

5 841
-
24 460
-
unemployment
343
-
1 438
-
health
481
-
2 015
-
total
8 658
-
36 320
-
Corporate
144 989
188 000
-
-
income
30 448
39 481
-
-
total
30 448
39 481
-
-
Dividends
114 541
148 519
-
-
withholding
8 019
10 396
-
-
total
8 019
10 396
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 267
49 877
80 380
78 769
After tax
131 733
138 123
107 620
109 231
Living cost
25 211
25 211
25 211
25 211
Free-cash
106 522
112 912
82 409
84 020

Estimated living cost  is ₽25211 per week

₽17813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1702
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65752
₽58265
₽43779
₽60662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56 302
pensions
-
-
-
8 849
total
-
-
-
65 151
Employee
87 985
-
164 004
-
health
1 450
-
2 284
-
pensions
8 488
-
10 708
-
income
15 860
-
45 046
-
total
25 798
-
58 038
-
Employer
87 985
-
164 004
-
pensions
10 389
-
20 879
-
health
1 671
-
3 117
-
total
12 060
-
23 996
-
Corporate
87 955
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.

16 712
35 720
-
-
total
16 712
35 720
-
-
Dividends
71 243
152 280
-
-
withholding
5 491
31 828
-
-
total
5 491
31 828
-
-
Income
188 000
188 000
188 000
188 000
Total tax
60 061
67 548
82 034
65 151
After tax
127 939
120 452
105 966
122 849
Living cost
62 187
62 187
62 187
62 187
Free-cash
65 752
58 265
43 779
60 662

Estimated living cost  is ₽62187 per week

₽46598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7307
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.
₽7778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽143950
₽148342
₽146188
₽138584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
28 200
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
37 018
Employee
16 416
-
181 520
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
health
755
-
1 519
-
pensions

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

1 441
-
2 900
-
income
1 641
-
18 152
-
total
4 018
-
22 934
-
Employer
16 416
-
181 520
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
pensions

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

1 809
-
3 640
-
unemployment
98
-
198
-
health
1 133
-
2 279
-
total
3 221
-
6 480
-
Corporate
168 362
188 000
-
-
income
16 836
18 800
-
-
total
16 836
18 800
-
-
Dividends
151 527
169 200
-
-
withholding
7 577
8 460
-
-
total
7 577
8 460
-
-
Income
188 000
188 000
188 000
188 000
Total tax
31 652
27 260
29 414
37 018
After tax
156 348
160 740
158 586
150 982
Living cost
12 398
12 398
12 398
12 398
Free-cash
143 950
148 342
146 188
138 584

Estimated living cost  is ₽12398 per week

₽7238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43311
₽40933
₽67309
₽49841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62 942
pensions
-
-
-
11 085
health
-
-
-
11 667
total
-
-
-
85 694
Employee
87 719
80 797
170 417
-
health
10 943
10 548
11 667
-
pensions
11 085
11 085
11 085
-
income

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

13 225
13 225
27 891
-
total
35 253
34 858
50 643
-
Employer
87 719
80 797
170 417
-
pensions
6 105
5 623
6 990
-
unemployment
3 158
2 909
3 614
-
health
6 096
5 616
6 979
-
total
15 359
14 148
17 583
-
Corporate
84 922
93 055
-
-
income
16 985
18 610
-
-
total
16 985
18 610
-
-
Dividends
67 937
74 445
-
-
withholding
10 191
11 166
-
-
income
14 436
15 820
-
-
total
24 627
26 986
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 224
94 602
68 226
85 694
After tax
95 776
93 398
119 774
102 306
Living cost
52 465
52 465
52 465
52 465
Free-cash
43 311
40 933
67 309
49 841

Estimated living cost  is ₽52465 per week

₽38702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97547
₽105933
₽77175
₽85064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 823
income
-
-
-
19 320
health
-
-
-
25 380
solidarity contribution
-
-
-
908
total
-
-
-
79 431
Employee
34 566
-
145 910
-
solidarity contribution
-
-
200
-
health
4 666
-
19 698
-
social contributions
2 247
-
7 529
-
income
4 148
-
17 803
-
total
11 061
-
45 230
-
Employer
34 566
-
145 910
-
social contributions
8 642
-
28 958
-
health
3 111
-
13 132
-
total
11 753
-
42 090
-
Corporate
141 682
188 000
-
-
income
26 920
35 720
-
-
total
26 920
35 720
-
-
Dividends
114 762
152 280
-
-
withholding
17 214
22 842
-
-
total
17 214
22 842
-
-
Income
188 000
188 000
188 000
188 000
Total tax
66 948
58 562
87 320
79 431
After tax
121 052
129 438
100 680
108 569
Living cost
23 505
23 505
23 505
23 505
Free-cash
97 547
105 933
77 175
85 064

Estimated living cost  is ₽23505 per week

₽16327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55444
₽60381
₽40927
₽49123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 259
social contributions
-
-
-
47 354
municipal
-
-
-
1 126
national
-
-
-
48 214
total
-
-
-
98 953
Employee
84 087
-
188 000
-
national
14 570
-
42 056
-
regional
793
-
2 004
-
municipal
445
-
1 007
-
social contributions
28 354
-
62 082
-
total
44 162
-
107 149
-
Employer
84 087
-
188 000
-
total
-
-
-
-
Corporate
103 913
188 000
-
-
nationa
24 939
45 120
-
-
municipal
4 052
7 333
-
-
total
28 991
52 453
-
-
Dividends
74 921
135 547
-
-
withholding
19 479
35 242
-
-
total
19 479
35 242
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 632
87 695
107 149
98 953
After tax
95 368
100 305
80 851
89 047
Living cost
39 924
39 924
39 924
39 924
Free-cash
55 444
60 381
40 927
49 123

Estimated living cost  is ₽39924 per week

₽27830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽612
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94430
₽97375
₽62019
₽67804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
55 818
pensions
-
-
-
25 255
health
-
-
-
8 965
surtax
-
-
-
9 065
total
-
-
-
99 318
Employee
31 288
-
161 420
-
surtax
102
-
7 932
-
unemployment
2 178
-
8 789
-
other
-
-
-
-
health
799
-
3 219
-
pensions
2 086
-
8 423
-
income
5 245
-
50 159
-
total
10 410
-
78 522
-
Employer
31 288
-
161 420
-
other
-
-
-
-
pensions
4 171
-
16 833
-
unemployment
991
-
4 002
-
health
1 424
-
5 746
-
total
6 586
-
26 581
-
Corporate
150 126
188 000
-
-
income
39 032
48 880
-
-
total
39 032
48 880
-
-
Dividends
111 094
139 120
-
-
withholding
16 664
20 867
-
-
total
16 664
20 867
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 692
69 747
105 103
99 318
After tax
115 308
118 253
82 897
88 682
Living cost
20 878
20 878
20 878
20 878
Free-cash
94 430
97 375
62 019
67 804

Estimated living cost  is ₽20878 per week

₽12766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84108
₽77967
₽63481
₽80364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56 302
pensions
-
-
-
8 849
total
-
-
-
65 151
Employee
58 965
-
164 004
-
health
856
-
2 284
-
pensions
5 005
-
10 708
-
income
10 620
-
45 046
-
total
16 481
-
58 038
-
Employer
58 965
-
164 004
-
pensions
6 383
-
20 879
-
health
1 120
-
3 117
-
total
7 503
-
23 996
-
Corporate
121 531
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.

23 091
35 720
-
-
total
23 091
35 720
-
-
Dividends
98 440
152 280
-
-
withholding
14 332
31 828
-
-
total
14 332
31 828
-
-
Income
188 000
188 000
188 000
188 000
Total tax
61 407
67 548
82 034
65 151
After tax
126 593
120 452
105 966
122 849
Living cost
42 485
42 485
42 485
42 485
Free-cash
84 108
77 967
63 481
80 364

Estimated living cost  is ₽42485 per week

₽31829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3184
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.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₽43224
₽11257
₽68054
₽76189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 761
city
-
-
-
1 982
regional
-
-
-
9 798
pensions
-
-
-
17 296
national
-
-
-
3 841
health
-
-
-
422
total
-
-
-
37 100
Employee
87 431
-
168 460
-
national
414
-
2 903
-
unemployment
-
-
-
-
city
938
-
1 811
-
regional
2 863
-
8 518
-
health
198
-
380
-
pensions
7 345
-
13 937
-
total
11 758
-
27 549
-
Employer
87 431
-
168 460
-
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.

1 748
-
3 369
-
pensions
7 345
-
13 937
-
unemployment
-
-
-
-
health
198
-
380
-
total
9 291
-
17 686
-
Corporate
90 317
188 000
-
-
regional
19 102
39 762
-
-
national
7 677
15 980
-
-
total
26 779
55 742
-
-
Dividends
63 538
132 258
-
-
withholding
22 237
46 290
-
-
total
22 237
46 290
-
-
Income
188 000
188 000
188 000
188 000
Total tax
70 065
102 032
45 235
37 100
After tax
117 935
85 968
142 765
150 900
Living cost
74 711
74 711
74 711
74 711
Free-cash
43 224
11 257
68 054
76 189

Estimated living cost  is ₽74711 per week

₽48583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽917
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽64850
₽49509
₽74387
₽49688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
24 699
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.

-
-
-
60 479
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.

-
-
-
6 464
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.

-
-
-
3 327
total
-
-
-
94 969
Employee

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

56 861
-
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.

368
-
3 327
-
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.

6 464
-
6 464
-
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.

6 686
-
60 479
-
total
13 518
-
70 270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
131 139
188 000
-
-
trade
22 490
32 241
-
-
income
19 671
28 200
-
-
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.

1 083
1 551
-
-
chamber of commerce
329
408
-
-
total
43 573
62 400
-
-
Dividends
87 566
125 600
-
-
withholding
21 531
31 040
-
-
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.

1 185
1 708
-
-
total
22 716
32 748
-
-
Income
188 000
188 000
188 000
188 000
Total tax
79 807
95 148
70 270
94 969
After tax
108 193
92 852
117 730
93 031
Living cost
43 343
43 343
43 343
43 343
Free-cash
64 850
49 509
74 387
49 688

Estimated living cost  is ₽43343 per week

₽31656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67973
₽62381
₽68525
₽72658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 828
social contributions
-
-
-
5 356
income
-
-
-
31 682
pensions
-
-
-
31 488
health
-
-
-
8 617
surtax
-
-
-
-
total
-
-
-
82 971
Employee
40 493
-
144 487
-
surtax
-
-
-
-
pensions
4 578
-
10 468
-
social contributions
1 154
-
4 117
-
income
2 390
-
29 005
-
total
8 122
-
43 590
-
Employer
40 493
-
144 487
-
other
1 397
-
5 816
-
pensions
6 652
-
17 546
-
unemployment
1 639
-
5 851
-
social contributions
122
-
433
-
health
2 835
-
13 868
-
total
12 645
-
43 514
-
Corporate
134 861
188 000
-
-
income
37 761
52 640
-
-
surtax
-
-
-
-
total
37 761
52 640
-
-
Dividends
97 100
135 360
-
-
withholding
12 428
17 326
-
-
social contributions
16 700
23 282
-
-
surtax
-
-
-
-
total
29 128
40 608
-
-
Income
188 000
188 000
188 000
188 000
Total tax
87 656
93 248
87 104
82 971
After tax
100 344
94 752
100 896
105 029
Living cost
32 371
32 371
32 371
32 371
Free-cash
67 973
62 381
68 525
72 658

Estimated living cost  is ₽32371 per week

₽20411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70844
₽65589
₽71733
₽75866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 828
social contributions
-
-
-
5 356
income
-
-
-
31 682
pensions
-
-
-
31 488
health
-
-
-
8 617
surtax
-
-
-
-
total
-
-
-
82 971
Employee
36 146
-
144 487
-
surtax
-
-
-
-
pensions
4 088
-
10 468
-
social contributions
1 031
-
4 117
-
income
1 864
-
29 005
-
total
6 983
-
43 590
-
Employer
36 146
-
144 487
-
other
1 248
-
5 816
-
pensions
5 939
-
17 546
-
unemployment
1 463
-
5 851
-
social contributions
108
-
433
-
health
2 530
-
13 868
-
total
11 288
-
43 514
-
Corporate
140 566
188 000
-
-
income
39 359
52 640
-
-
surtax
-
-
-
-
total
39 359
52 640
-
-
Dividends
101 207
135 360
-
-
withholding
12 954
17 326
-
-
social contributions
17 409
23 282
-
-
surtax
-
-
-
-
total
30 363
40 608
-
-
Income
188 000
188 000
188 000
188 000
Total tax
87 993
93 248
87 104
82 971
After tax
100 007
94 752
100 896
105 029
Living cost
29 163
29 163
29 163
29 163
Free-cash
70 844
65 589
71 733
75 866

Estimated living cost  is ₽29163 per week

₽16913
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95124
₽94635
₽96164
₽100669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 945
income
-
-
-
28 200
health
-
-
-
13 123
total
-
-
-
67 268
Employee
32 080
-
188 000
-
health
2 239
-
13 123
-
social contributions
4 428
-
25 945
-
income
5 351
-
32 705
-
total
12 018
-
71 773
-
Employer
32 080
-
188 000
-
total
-
-
-
-
Corporate
155 920
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%.

7 796
9 399
-
-
total
7 796
9 399
-
-
Dividends
148 124
178 601
-
-
health
10 338
12 466
-
-
withholding
22 219
26 790
-
-
social contributions
20 442
24 647
-
-
total
52 999
63 903
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 813
73 302
71 773
67 268
After tax
115 187
114 698
116 227
120 732
Living cost
20 063
20 063
20 063
20 063
Free-cash
95 124
94 635
96 164
100 669

Estimated living cost  is ₽20063 per week

₽13427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1237
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69014
₽70478
₽16211
₽63211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
752
unemployment
-
-
-
5 803
income
-
-
-
55 805
pensions
-
-
-
20 449
health
-
-
-
8 455
surtax
-
-
-
187
total
-
-
-
91 451
Employee
47 284
37 705
152 909
-
unemployment
1 418
1 131
3 316
-
other
472
377
1 106
-
health
1 830
1 460
4 277
-
pensions
4 842
3 860
11 319
-
income
5 383
2 781
46 013
-
total
13 945
9 609
66 031
-
Employer
47 284
37 705
152 909
-
payroll
1 418
1 131
4 587
-
other
2 246
1 790
6 902
-
accident
614
490
1 436
-
pensions
5 934
4 733
13 872
-
unemployment
1 418
1 131
3 316
-
chamber of commerce
189
151
612
-
surtax
187
187
187
-
health
1 787
1 426
4 178
-
total
13 793
11 039
35 090
-
Corporate
126 923
139 256
149 318
-
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.

31 732
34 814
37 330
-
total
31 732
34 814
37 330
-
Dividends
95 192
104 442
-
-
withholding
26 178
28 722
-
-
total
26 178
28 722
-
-
Income
188 000
188 000
188 000
188 000
Total tax
85 648
84 184
138 451
91 451
After tax
102 352
103 816
49 549
96 549
Living cost
33 338
33 338
33 338
33 338
Free-cash
69 014
70 478
16 211
63 211

Estimated living cost  is ₽33338 per week

₽22235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56409
₽70057
₽30499
₽47145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 589
national
-
-
-
72 904
communal

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

-
-
-
9 864
total
-
-
-
106 357
Employee

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

67 678
-
145 614
-
national
20 807
-
53 988
-
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.

589
-
1 268
-
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.

3 180
-
6 844
-
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.

5 076
-
10 922
-
communal

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

3 530
-
7 595
-
total
33 182
-
80 617
-
Employer

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

67 678
-
145 614
-
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.

880
-
1 892
-
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.

5 997
-
12 901
-
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.

988
-
2 126
-
surtax
7 674
-
16 511
-
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.

4 162
-
8 956
-
total
19 701
-
42 386
-
Corporate
100 622
188 000
-
-
income
20 124
38 360
-
-
surtax
402
767
-
-
total
20 526
39 127
-
-
Dividends
80 096
148 873
-
-
withholding

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

23 684
44 318
-
-
total
23 684
44 318
-
-
Income
188 000
188 000
188 000
188 000
Total tax
97 093
83 445
123 003
106 357
After tax
90 907
104 555
64 997
81 643
Living cost
34 498
34 498
34 498
34 498
Free-cash
56 409
70 057
30 499
47 145

Estimated living cost  is ₽34498 per week

₽22221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84405
₽90888
₽67128
₽71098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
56 424
pensions
-
-
-
24 817
accident
-
-
-
790
total
-
-
-
82 733
Employee
47 097
-
160 043
-
unemployment
731
-
1 359
-
other
47
-
88
-
pensions
2 214
-
4 122
-
income
9 937
-
53 176
-
total
12 929
-
58 745
-
Employer
47 097
-
160 043
-
other
375
-
702
-
accident
932
-
1 736
-
pensions
11 114
-
20 697
-
unemployment
2 591
-
4 823
-
total
15 012
-
27 958
-
Corporate
125 891
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.

18 883
28 200
-
-
total
18 883
28 200
-
-
Dividends
107 008
159 800
-
-
withholding
22 602
34 743
-
-
total
22 602
34 743
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 426
62 943
86 703
82 733
After tax
118 574
125 057
101 297
105 267
Living cost
34 169
34 169
34 169
34 169
Free-cash
84 405
90 888
67 128
71 098

Estimated living cost  is ₽34169 per week

₽25162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44215
₽56947
₽46636
₽39144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 266
pensions
-
-
-
28 178
accident
-
-
-
1 585
communal
-
-
-
11 882
health
-
-
-
13 208
surtax
-
-
-
9 320
total
-
-
-
97 439
Employee
71 650
-
167 932
-
surtax
4 392
-
10 292
-
health
3 189
-
7 473
-
pensions
5 731
-
13 434
-
income
6 921
-
38 679
-
total
20 233
-
69 878
-
Employer
71 650
-
167 932
-
accident
645
-
1 512
-
pensions
5 731
-
13 434
-
health
2 185
-
5 123
-
total
8 561
-
20 069
-
Corporate
107 789
188 000
-
-
income
16 168
28 200
-
-
communal
7 275
12 690
-
-
surtax
1 131
1 973
-
-
total
24 574
42 863
-
-
Dividends
83 214
145 136
-
-
withholding
12 482
21 770
-
-
income
26 518
15 003
-
-
total
39 000
36 773
-
-
Income
188 000
188 000
188 000
188 000
Total tax
92 368
79 636
89 947
97 439
After tax
95 632
108 364
98 053
90 561
Living cost
51 417
51 417
51 417
51 417
Free-cash
44 215
56 947
46 636
39 144

Estimated living cost  is ₽51417 per week

₽38571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93991
₽97002
₽61646
₽67431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
215
income
-
-
-
55 818
pensions
-
-
-
25 255
health
-
-
-
8 965
surtax
-
-
-
9 065
total
-
-
-
99 318
Employee
31 863
-
161 420
-
surtax
113
-
7 932
-
unemployment
2 217
-
8 789
-
other
-
-
-
-
health
813
-
3 219
-
pensions
2 126
-
8 423
-
income
5 342
-
50 159
-
total
10 611
-
78 522
-
Employer
31 863
-
161 420
-
other
-
-
-
-
pensions
4 248
-
16 833
-
unemployment
1 011
-
4 002
-
health
1 449
-
5 746
-
total
6 708
-
26 581
-
Corporate
149 429
188 000
-
-
income
38 852
48 880
-
-
total
38 852
48 880
-
-
Dividends
110 577
139 120
-
-
withholding
16 587
20 867
-
-
total
16 587
20 867
-
-
Income
188 000
188 000
188 000
188 000
Total tax
72 758
69 747
105 103
99 318
After tax
115 242
118 253
82 897
88 682
Living cost
21 251
21 251
21 251
21 251
Free-cash
93 991
97 002
61 646
67 431

Estimated living cost  is ₽21251 per week

₽12831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71230
₽73330
₽54812
₽62963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 856
social contributions
-
-
-
47 354
municipal
-
-
-
1 126
national
-
-
-
48 214
total
-
-
-
99 550
Employee
52 484
-
188 000
-
national
8 315
-
42 056
-
regional
707
-
2 556
-
municipal
278
-
1 007
-
social contributions
17 698
-
62 082
-
total
26 998
-
107 701
-
Employer
52 484
-
188 000
-
total
-
-
-
-
Corporate
135 516
188 000
-
-
nationa
32 523
45 120
-
-
municipal
6 735
9 344
-
-
total
39 258
54 464
-
-
Dividends
96 258
133 536
-
-
withholding
25 027
34 719
-
-
total
25 027
34 719
-
-
Income
188 000
188 000
188 000
188 000
Total tax
91 283
89 183
107 701
99 550
After tax
96 717
98 817
80 299
88 450
Living cost
25 487
25 487
25 487
25 487
Free-cash
71 230
73 330
54 812
62 963

Estimated living cost  is ₽25487 per week

₽15851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90142
₽100474
₽71716
₽79605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 823
income
-
-
-
19 320
health
-
-
-
25 380
solidarity contribution
-
-
-
908
total
-
-
-
79 431
Employee
42 594
-
145 910
-
solidarity contribution
-
-
200
-
health
5 750
-
19 698
-
social contributions
2 769
-
7 529
-
income
5 111
-
17 803
-
total
13 630
-
45 230
-
Employer
42 594
-
145 910
-
social contributions
10 649
-
28 958
-
health
3 833
-
13 132
-
total
14 482
-
42 090
-
Corporate
130 924
188 000
-
-
income
24 875
35 720
-
-
total
24 875
35 720
-
-
Dividends
106 048
152 280
-
-
withholding
15 907
22 842
-
-
total
15 907
22 842
-
-
Income
188 000
188 000
188 000
188 000
Total tax
68 894
58 562
87 320
79 431
After tax
119 106
129 438
100 680
108 569
Living cost
28 964
28 964
28 964
28 964
Free-cash
90 142
100 474
71 716
79 605

Estimated living cost  is ₽28964 per week

₽21540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73263
₽73733
₽19413
₽66551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
752
unemployment
-
-
-
5 803
income
-
-
-
55 805
pensions
-
-
-
20 449
health
-
-
-
8 455
surtax
-
-
-
-
total
-
-
-
91 264
Employee
41 359
37 705
153 083
-
unemployment
1 241
1 131
3 316
-
other
413
377
1 106
-
health
1 600
1 460
4 277
-
pensions
4 236
3 860
11 319
-
income
3 684
2 781
46 095
-
total
11 174
9 609
66 113
-
Employer
41 359
37 705
153 083
-
payroll
1 241
1 131
4 593
-
other
1 964
1 790
6 909
-
accident
537
490
1 436
-
pensions
5 191
4 733
13 872
-
unemployment
1 241
1 131
3 316
-
chamber of commerce
165
151
612
-
surtax
-
-
-
-
health
1 564
1 426
4 178
-
total
11 903
10 852
34 916
-
Corporate
134 739
139 443
149 492
-
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.

33 685
34 861
37 373
-
total
33 685
34 861
37 373
-
Dividends
101 054
104 582
-
-
withholding
27 790
28 760
-
-
total
27 790
28 760
-
-
Income
188 000
188 000
188 000
188 000
Total tax
84 552
84 082
138 402
91 264
After tax
103 448
103 918
49 598
96 736
Living cost
30 185
30 185
30 185
30 185
Free-cash
73 263
73 733
19 413
66 551

Estimated living cost  is ₽30185 per week

₽18107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽8457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽164335
₽166587
₽138387
₽174107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 016
-
188 000
-
income
3 003
-
37 600
-
total
3 003
-
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%.

172 984
188 000
-
-
total
-
-
-
-
Dividends
172 984
188 000
-
-
withholding
8 649
9 400
-
-
total
8 649
9 400
-
-
Income
188 000
188 000
188 000
188 000
Total tax
11 652
9 400
37 600
1 880
After tax
176 348
178 600
150 400
186 120
Living cost
12 013
12 013
12 013
12 013
Free-cash
164 335
166 587
138 387
174 107

Estimated living cost  is ₽12013 per week

₽8129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96146
₽104061
₽60379
₽64527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
282
income
-
-
-
44 981
pensions
-
-
-
34 333
health
-
-
-
18 499
total
-
-
-
98 095
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.

41 839
-
162 673
-
unemployment
59
-
228
-
health
2 702
-
10 509
-
pensions
6 485
-
25 214
-
income
7 215
-
40 965
-
total
16 461
-
76 916
-
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.

41 839
-
162 673
-
pensions
3 702
-
14 396
-
unemployment
25
-
97
-
health
2 787
-
10 834
-
total
6 514
-
25 327
-
Corporate
139 647
188 000
-
-
income
26 534
35 719
-
-
total
26 534
35 719
-
-
Dividends
113 114
152 281
-
-
withholding
16 967
22 842
-
-
total
16 967
22 842
-
-
Income
188 000
188 000
188 000
188 000
Total tax
66 476
58 561
102 243
98 095
After tax
121 524
129 439
85 757
89 905
Living cost
25 378
25 378
25 378
25 378
Free-cash
96 146
104 061
60 379
64 527

Estimated living cost  is ₽25378 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30071
₽74278
₽135673
₽89822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 432
income
-
-
-
36 645
total
-
-
-
58 077
Employee
57 499
-
-
-
social contributions
4 715
-
672
-
income
12 683
-
-
-
total
17 398
-
672
-
Employer
57 499
-
-
-
social contributions
81 074
-
11 554
-
total
81 074
-
11 554
-
Corporate
49 427
188 000
-
-
income
10 874
41 360
-
-
total
10 874
41 360
-
-
Dividends
38 553
146 640
-
-
income
8 482
32 261
-
-
total
8 482
32 261
-
-
Income
188 000
188 000
188 000
188 000
Total tax
117 828
73 621
12 226
58 077
After tax
70 172
114 379
175 774
129 923
Living cost
40 101
40 101
40 101
40 101
Free-cash
30 071
74 278
135 673
89 822

Estimated living cost  is ₽40101 per week

₽26019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76305
₽77257
₽55383
₽69636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
65 330
income
-
-
-
23 357
surtax
-
-
-
-
total
-
-
-
88 687
Employee
43 515
-
151 920
-
surtax
-
-
-
-
social contributions
4 787
-
16 711
-
income
9 051
-
50 149
-
total
13 838
-
66 860
-
Employer
43 515
-
151 920
-
social contributions
10 335
-
36 080
-
total
10 335
-
36 080
-
Corporate
134 150
188 000
-
-
income
28 171
39 481
-
-
surtax
-
-
-
-
total
28 171
39 481
-
-
Dividends
105 979
148 519
-
-
withholding
29 674
41 585
-
-
total
29 674
41 585
-
-
Income
188 000
188 000
188 000
188 000
Total tax
82 018
81 066
102 940
88 687
After tax
105 982
106 934
85 060
99 313
Living cost
29 677
29 677
29 677
29 677
Free-cash
76 305
77 257
55 383
69 636

Estimated living cost  is ₽29677 per week

₽22205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1751
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.
₽5227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55557
₽49055
₽55199
₽59332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 828
social contributions
-
-
-
5 356
income
-
-
-
31 682
pensions
-
-
-
31 488
health
-
-
-
8 617
surtax
-
-
-
-
total
-
-
-
82 971
Employee
59 259
-
144 487
-
surtax
-
-
-
-
pensions
6 703
-
10 468
-
social contributions
1 688
-
4 117
-
income
5 170
-
29 005
-
total
13 561
-
43 590
-
Employer
59 259
-
144 487
-
other
2 045
-
5 816
-
pensions
9 737
-
17 546
-
unemployment
2 401
-
5 851
-
social contributions
178
-
433
-
health
4 148
-
13 868
-
total
18 509
-
43 514
-
Corporate
110 234
188 000
-
-
income
30 866
52 640
-
-
surtax
-
-
-
-
total
30 866
52 640
-
-
Dividends
79 367
135 360
-
-
withholding
10 159
17 326
-
-
social contributions
13 651
23 282
-
-
surtax
-
-
-
-
total
23 810
40 608
-
-
Income
188 000
188 000
188 000
188 000
Total tax
86 746
93 248
87 104
82 971
After tax
101 254
94 752
100 896
105 029
Living cost
45 697
45 697
45 697
45 697
Free-cash
55 557
49 055
55 199
59 332

Estimated living cost  is ₽45697 per week

₽30927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽627
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽137580
₽140759
₽114275
₽109280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 918
social contributions
-
-
-
41 361
total
-
-
-
50 279
Employee
30 417
-
162 770
-
social contributions
1 977
-
10 581
-
income
-
-
9 473
-
total
1 977
-
20 054
-
Employer
30 417
-
162 770
-
social contributions
4 715
-
25 230
-
total
4 715
-
25 230
-
Corporate
152 868
188 000
-
-
income
15 287
18 800
-
-
total
15 287
18 800
-
-
Dividends
137 581
169 200
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
21 979
18 800
45 284
50 279
After tax
166 021
169 200
142 716
137 721
Living cost
28 441
28 441
28 441
28 441
Free-cash
137 580
140 759
114 275
109 280

Estimated living cost  is ₽28441 per week

₽18389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17879
-₽17879
-₽17879
₽64126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
819
municipal
-
-
-
39 801
labour market
-
-
-
14 974
national
-
-
-
22 772
total
-
-
-
78 366
Employee
192 078
192 078
192 078
-
national
23 466
23 466
23 466
-
municipal
40 902
40 902
40 902
-
labour market
15 344
15 344
15 344
-
pensions
273
273
273
-
total
79 985
79 985
79 985
-
Employer
192 078
192 078
192 078
-
municipal
40 967
40 967
40 967
-
pensions
546
546
546
-
national
23 507
23 507
23 507
-
labour market
15 366
15 366
15 366
-
total
80 386
80 386
80 386
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
188 000
188 000
188 000
188 000
Total tax
160 371
160 371
160 371
78 366
After tax
27 629
27 629
27 629
109 634
Living cost
45 508
45 508
45 508
45 508
Free-cash
-17 879
-17 879
-17 879
64 126

Estimated living cost  is ₽45508 per week

₽31146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4026
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽700
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12017
-₽5699
₽81821
₽107525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
52 823
pensions
-
-
-
4 017
accident
-
-
-
244
health
-
-
-
2 106
total
-
-
-
59 548
Employee
32 920
-
170 345
-
health
3 770
-
19 505
-
pensions
3 707
-
7 366
-
income
4 516
-
40 726
-
total
11 993
-
67 597
-
Employer
32 920
-
170 345
-
accident
550
-
2 845
-
pensions
5 353
-
10 637
-
unemployment
807
-
4 173
-
total
6 710
-
17 655
-
Corporate
148 370
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.

133 534
169 200
-
-
total
133 534
169 200
-
-
Dividends
14 837
18 800
-
-
withholding
2 819
3 572
-
-
total
2 819
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
155 056
172 772
85 252
59 548
After tax
32 944
15 228
102 748
128 452
Living cost
20 927
20 927
20 927
20 927
Free-cash
12 017
-5 699
81 821
107 525

Estimated living cost  is ₽20927 per week

₽15233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1193
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.
₽4109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83048
₽80155
₽60297
₽81832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
33 391
national
-
-
-
33 951
health
-
-
-
2 501
total
-
-
-
69 843
Employee
49 778
-
158 156
-
national
822
-
20 692
-
unemployment
747
-
2 372
-
health
372
-
2 041
-
municipal
8 153
-
25 753
-
pensions
3 359
-
10 676
-
total
13 453
-
61 534
-
Employer
49 778
-
158 156
-
accident
50
-
158
-
pensions
8 636
-
27 440
-
unemployment
323
-
1 029
-
health
382
-
1 217
-
total
9 391
-
29 844
-
Corporate
128 829
188 000
-
-
income
25 765
37 599
-
-
total
25 765
37 599
-
-
Dividends

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

77 298
112 801
-
-
municipal
13 913
20 303
-
-
national
6 105
13 618
-
-
total
20 018
33 921
-
-
Income
188 000
188 000
188 000
188 000
Total tax
68 627
71 520
91 378
69 843
After tax
119 373
116 480
96 622
118 157
Living cost
36 325
36 325
36 325
36 325
Free-cash
83 048
80 155
60 297
81 832

Estimated living cost  is ₽36325 per week

₽23727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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

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
₽110022
₽115173
₽103930
₽105524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 308
income
-
-
-
40 468
health
-
-
-
4 794
total
-
-
-
60 570
Employee
72 754
72 754
176 588
-
health
564
1 237
3 002
-
social contributions
2 751
6 038
8 144
-
income
7 922
6 735
39 608
-
total
11 237
14 010
50 754
-
Employer
72 754
72 754
176 588
-
social contributions
2 751
6 038
8 144
-
health
612
1 347
3 266
-
total
3 363
7 385
11 410
-
Corporate
151 495
107 861
-
-
income
18 937
13 482
-
-
total
18 937
13 482
-
-
Dividends
132 558
94 379
-
-
withholding
22 535
16 044
-
-
total
22 535
16 044
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 072
50 921
62 164
60 570
After tax
131 928
137 079
125 836
127 430
Living cost
21 906
21 906
21 906
21 906
Free-cash
110 022
115 173
103 930
105 524

Estimated living cost  is ₽21906 per week

₽13129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2149
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.
₽6144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽135846
₽140661
₽125227
₽144206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
27
income
-
-
-
19 303
pensions
-
-
-
6 018
health
-
-
-
3 424
total
-
-
-
28 772
Employee

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

21 717
-
178 753
-
unemployment
108
-
449
-
health
1 846
-
7 631
-
pensions
3 257
-
13 466
-
income
1 485
-
16 958
-
total
6 696
-
38 504
-
Employer

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

21 717
-
178 753
-
pensions
1 194
-
4 938
-
unemployment
108
-
449
-
health
934
-
3 860
-
total
2 236
-
9 247
-
Corporate
164 047
188 000
-
-
income
14 764
16 921
-
-
total
14 764
16 921
-
-
Dividends
149 283
171 079
-
-
withholding
13 436
15 396
-
-
total
13 436
15 396
-
-
Income
188 000
188 000
188 000
188 000
Total tax
37 132
32 317
47 751
28 772
After tax
150 868
155 683
140 249
159 228
Living cost
15 022
15 022
15 022
15 022
Free-cash
135 846
140 661
125 227
144 206

Estimated living cost  is ₽15022 per week

₽9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94860
₽99039
₽75279
₽79249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
56 424
pensions
-
-
-
24 817
accident
-
-
-
790
total
-
-
-
82 733
Employee
34 984
-
160 043
-
unemployment
542
-
1 359
-
other
34
-
88
-
pensions
1 645
-
4 122
-
income
6 745
-
53 176
-
total
8 966
-
58 745
-
Employer
34 984
-
160 043
-
other
280
-
702
-
accident
693
-
1 736
-
pensions
8 256
-
20 697
-
unemployment
1 925
-
4 823
-
total
11 154
-
27 958
-
Corporate
141 862
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.

21 280
28 200
-
-
total
21 280
28 200
-
-
Dividends
120 582
159 800
-
-
withholding
25 722
34 743
-
-
total
25 722
34 743
-
-
Income
188 000
188 000
188 000
188 000
Total tax
67 122
62 943
86 703
82 733
After tax
120 878
125 057
101 297
105 267
Living cost
26 018
26 018
26 018
26 018
Free-cash
94 860
99 039
75 279
79 249

Estimated living cost  is ₽26018 per week

₽17562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2501
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.
₽5500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115228
₽115522
₽119232
₽119358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64 599
pensions
-
-
-
1 306
health
-
-
-
947
total
-
-
-
66 852
Employee
2 727
-
186 531
-
unemployment
27
-
65
-
health
136
-
326
-
pensions
245
-
588
-
income
528
-
64 530
-
total
936
-
65 509
-
Employer
2 727
-
186 531
-
pensions
300
-
718
-
unemployment
55
-
131
-
health
259
-
620
-
total
614
-
1 469
-
Corporate
184 660
188 000
-
-
income
40 625
41 360
-
-
total
40 625
41 360
-
-
Dividends
144 034
146 640
-
-
withholding
28 807
29 328
-
-
total
28 807
29 328
-
-
Income
188 000
188 000
188 000
188 000
Total tax
70 982
70 688
66 978
66 852
After tax
117 018
117 312
121 022
121 148
Living cost
1 790
1 790
1 790
1 790
Free-cash
115 228
115 522
119 232
119 358

Estimated living cost  is ₽1790 per week

₽1064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114851
₽119497
₽102228
₽102229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 047
income
-
-
-
43 055
pensions
-
-
-
18 147
health
-
-
-
7 189
total
-
-
-
69 438
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.

24 629
-
175 506
-
unemployment
185
-
523
-
health
1 268
-
3 595
-
pensions
3 448
-
9 772
-
income
3 395
-
43 055
-
total
8 296
-
56 945
-
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.

24 629
-
175 506
-
pensions
2 955
-
8 376
-
unemployment
185
-
523
-
health
1 268
-
3 595
-
total
4 408
-
12 494
-
Corporate
158 962
188 000
-
-
income
23 844
28 200
-
-
total
23 844
28 200
-
-
Dividends
135 118
159 800
-
-
withholding
20 268
23 970
-
-
total
20 268
23 970
-
-
Income
188 000
188 000
188 000
188 000
Total tax
56 816
52 170
69 439
69 438
After tax
131 184
135 830
118 561
118 562
Living cost
16 333
16 333
16 333
16 333
Free-cash
114 851
119 497
102 228
102 229

Estimated living cost  is ₽16333 per week

₽10997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81085
₽81427
₽59553
₽73806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
65 330
income
-
-
-
23 357
surtax
-
-
-
-
total
-
-
-
88 687
Employee
36 722
-
151 920
-
surtax
-
-
-
-
social contributions
4 040
-
16 711
-
income
7 175
-
50 149
-
total
11 215
-
66 860
-
Employer
36 722
-
151 920
-
social contributions
8 721
-
36 080
-
total
8 721
-
36 080
-
Corporate
142 557
188 000
-
-
income
29 938
39 481
-
-
surtax
-
-
-
-
total
29 938
39 481
-
-
Dividends
112 620
148 519
-
-
withholding
31 534
41 585
-
-
total
31 534
41 585
-
-
Income
188 000
188 000
188 000
188 000
Total tax
81 408
81 066
102 940
88 687
After tax
106 592
106 934
85 060
99 313
Living cost
25 507
25 507
25 507
25 507
Free-cash
81 085
81 427
59 553
73 806

Estimated living cost  is ₽25507 per week

₽18066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85614
₽91805
₽68045
₽72015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
unemployment
-
-
-
614
income
-
-
-
56 424
pensions
-
-
-
24 817
accident
-
-
-
790
total
-
-
-
82 733
Employee
45 694
-
160 043
-
unemployment
707
-
1 359
-
other
45
-
88
-
pensions
2 147
-
4 122
-
income
9 544
-
53 176
-
total
12 443
-
58 745
-
Employer
45 694
-
160 043
-
other
366
-
702
-
accident
905
-
1 736
-
pensions
10 784
-
20 697
-
unemployment
2 514
-
4 823
-
total
14 569
-
27 958
-
Corporate
127 737
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.

19 161
28 200
-
-
total
19 161
28 200
-
-
Dividends
108 576
159 800
-
-
withholding
22 961
34 743
-
-
total
22 961
34 743
-
-
Income
188 000
188 000
188 000
188 000
Total tax
69 134
62 943
86 703
82 733
After tax
118 866
125 057
101 297
105 267
Living cost
33 252
33 252
33 252
33 252
Free-cash
85 614
91 805
68 045
72 015

Estimated living cost  is ₽33252 per week

₽23880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138711
₽144474
₽142320
₽134716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
132
income
-
-
-
28 200
pensions

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

-
-
-
4 888
health
-
-
-
3 798
total
-
-
-
37 018
Employee
21 539
-
181 520
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
health
991
-
1 519
-
pensions

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

1 891
-
2 900
-
income
2 154
-
18 152
-
total
5 273
-
22 934
-
Employer
21 539
-
181 520
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
pensions

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

2 374
-
3 640
-
unemployment
129
-
198
-
health
1 486
-
2 279
-
total
4 226
-
6 480
-
Corporate
162 235
188 000
-
-
income
16 224
18 800
-
-
total
16 224
18 800
-
-
Dividends
146 011
169 200
-
-
withholding
7 300
8 460
-
-
total
7 300
8 460
-
-
Income
188 000
188 000
188 000
188 000
Total tax
33 023
27 260
29 414
37 018
After tax
154 977
160 740
158 586
150 982
Living cost
16 266
16 266
16 266
16 266
Free-cash
138 711
144 474
142 320
134 716

Estimated living cost  is ₽16266 per week

₽10758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72567
₽60190
₽81202
₽60536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
20 666
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.

-
-
-
60 479
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.

-
-
-
6 464
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.

-
-
-
3 327
total
-
-
-
90 936
Employee

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

47 076
-
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.

214
-
3 327
-
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.

6 464
-
6 464
-
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.

3 871
-
60 479
-
total
10 549
-
70 270
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
140 924
188 000
-
-
trade
20 223
26 979
-
-
income
21 138
28 200
-
-
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.

1 163
1 551
-
-
chamber of commerce
350
420
-
-
total
42 874
57 150
-
-
Dividends
98 049
130 850
-
-
withholding
24 153
32 353
-
-
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.

1 329
1 779
-
-
total
25 482
34 132
-
-
Income
188 000
188 000
188 000
188 000
Total tax
78 905
91 282
70 270
90 936
After tax
109 095
96 718
117 730
97 064
Living cost
36 528
36 528
36 528
36 528
Free-cash
72 567
60 190
81 202
60 536

Estimated living cost  is ₽36528 per week

₽25198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3930
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.
₽6870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79793
₽77705
₽42683
₽42683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 860
income
-
-
-
59 561
total
-
-
-
91 421
Employee
74 009
-
188 000
-
social contributions
6 149
-
31 860
-
income
13 965
-
59 561
-
total
20 114
-
91 421
-
Employer
74 009
-
188 000
-
total
-
-
-
-
Corporate
113 991
188 000
-
-
income
14 249
23 499
-
-
total
14 249
23 499
-
-
Dividends
99 742
164 501
-
-
withholding
19 948
32 900
-
-
total
19 948
32 900
-
-
Income
188 000
188 000
188 000
188 000
Total tax
54 311
56 399
91 421
91 421
After tax
133 689
131 601
96 579
96 579
Living cost
53 896
53 896
53 896
53 896
Free-cash
79 793
77 705
42 683
42 683

Estimated living cost  is ₽53896 per week

₽41003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86161
₽82855
₽98024
₽119711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
5 744
income
-
-
-
28 200
total
-
-
-
33 944
Employee
43 403
-
183 648
-
social contributions
4 349
-
4 352
-
income
4 710
-
46 927
-
total
9 059
-
51 279
-
Employer
43 403
-
183 648
-
social contributions
4 349
-
4 352
-
total
4 349
-
4 352
-
Corporate
140 248
188 000
-
-
income
49 087
65 801
-
-
total
49 087
65 801
-
-
Dividends
91 161
122 199
-
-
social contributions
4 999
4 999
-
-
total
4 999
4 999
-
-
Income
188 000
188 000
188 000
188 000
Total tax
67 494
70 800
55 631
33 944
After tax
120 506
117 200
132 369
154 056
Living cost
34 345
34 345
34 345
34 345
Free-cash
86 161
82 855
98 024
119 711

Estimated living cost  is ₽34345 per week

₽22623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8487
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91420
₽85913
₽71427
₽88310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56 302
pensions
-
-
-
8 849
total
-
-
-
65 151
Employee
47 409
-
164 004
-
health
618
-
2 284
-
pensions
3 618
-
10 708
-
income
8 634
-
45 046
-
total
12 870
-
58 038
-
Employer
47 409
-
164 004
-
pensions
4 790
-
20 879
-
health
901
-
3 117
-
total
5 691
-
23 996
-
Corporate
134 900
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.

25 630
35 720
-
-
total
25 630
35 720
-
-
Dividends
109 270
152 280
-
-
withholding
17 850
31 828
-
-
total
17 850
31 828
-
-
Income
188 000
188 000
188 000
188 000
Total tax
62 041
67 548
82 034
65 151
After tax
125 959
120 452
105 966
122 849
Living cost
34 538
34 538
34 538
34 538
Free-cash
91 420
85 913
71 427
88 310

Estimated living cost  is ₽34538 per week

₽23693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽432
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽11702
-₽7771
₽79749
₽105453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
52 823
pensions
-
-
-
4 017
accident
-
-
-
244
health
-
-
-
2 106
total
-
-
-
59 548
Employee
36 179
-
170 345
-
health
4 142
-
19 505
-
pensions
4 074
-
7 366
-
income
4 963
-
40 726
-
total
13 179
-
67 597
-
Employer
36 179
-
170 345
-
accident
604
-
2 845
-
pensions
5 882
-
10 637
-
unemployment
886
-
4 173
-
total
7 372
-
17 655
-
Corporate
144 448
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.

130 003
169 200
-
-
total
130 003
169 200
-
-
Dividends
14 445
18 800
-
-
withholding
2 745
3 572
-
-
total
2 745
3 572
-
-
Income
188 000
188 000
188 000
188 000
Total tax
153 299
172 772
85 252
59 548
After tax
34 701
15 228
102 748
128 452
Living cost
22 999
22 999
22 999
22 999
Free-cash
11 702
-7 771
79 749
105 453

Estimated living cost  is ₽22999 per week

₽16879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1340
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.
₽4317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141001
₽131044
₽123104
₽102306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 815
income
-
-
-
31 320
pensions
-
-
-
27 833
health insurance
-
-
-
11 194
work injury
-
-
-
756
total
-
-
-
72 918
Employee

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

20 442
-
188 000
-
health insurance
1 513
-
5 597
-
unemployment
245
-
908
-
work injury
102
-
378
-
pensions
3 761
-
13 917
-
income
2 044
-
31 320
-
total
7 665
-
52 120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
167 558
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%.

1 676
18 800
-
-
total
1 676
18 800
-
-
Dividends
165 882
169 200
-
-
withholding
24 882
25 380
-
-
total
24 882
25 380
-
-
Income
188 000
188 000
188 000
188 000
Total tax
34 223
44 180
52 120
72 918
After tax
153 777
143 820
135 880
115 082
Living cost
12 776
12 776
12 776
12 776
Free-cash
141 001
131 044
123 104
102 306

Estimated living cost  is ₽12776 per week

₽7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57028
₽61333
₽41151
₽49106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
4 368
social contributions
-
-
-
47 354
municipal
-
-
-
1 266
national
-
-
-
48 214
total
-
-
-
101 202
Employee
79 728
-
188 000
-
national
13 473
-
42 056
-
regional
1 204
-
3 886
-
municipal
476
-
1 133
-
social contributions
26 884
-
62 082
-
total
42 037
-
109 157
-
Employer
79 728
-
188 000
-
total
-
-
-
-
Corporate
108 272
188 000
-
-
nationa
25 986
45 120
-
-
municipal
5 219
9 062
-
-
total
31 205
54 182
-
-
Dividends
77 067
133 818
-
-
withholding
20 038
34 793
-
-
total
20 038
34 793
-
-
Income
188 000
188 000
188 000
188 000
Total tax
93 280
88 975
109 157
101 202
After tax
94 720
99 025
78 843
86 798
Living cost
37 692
37 692
37 692
37 692
Free-cash
57 028
61 333
41 151
49 106

Estimated living cost  is ₽37692 per week

₽26476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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