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
₽ 192000
per

Your estimated
City
free-cash

Dresden , Germany
₽68374
₽91430
₽68061
₽78753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income

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

-
-
-
62 312
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.

-
-
-
3 428
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.

-
-
-
6 410
trade
-
-
-
23 369
total
-
-
-
95 519
Employee

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

35 888
-
192 000
-
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.

55
-
3 428
-
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.

1 002
-
62 312
-
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.

6 410
-
6 410
-
total
7 467
-
72 150
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
156 112
192 000
-
-
income
23 417
28 800
-
-
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.

1 287
1 585
-
-
chamber of commerce
367
418
-
-
trade
24 588
30 240
-
-
total
49 659
61 043
-
-
Dividends
106 452
130 957
-
-
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.

1 444
1 781
-
-
withholding
26 257
32 382
-
-
total
27 701
34 163
-
-
Income
192 000
192 000
192 000
192 000
Total tax
84 827
95 206
72 150
95 519
After tax
107 173
96 794
119 850
96 481
Living cost
28 420
28 420
28 420
28 420
Free-cash
78 753
68 374
91 430
68 061

Estimated living cost  is ₽28420 per week

₽17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3314
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69852
₽62602
₽61571
₽69022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
social contributions
-
-
-
2 064
municipal
-
-
-
21 164
national
-
-
-
34 205
pensions
-
-
-
23 040
total
-
-
-
80 473
Employee
77 442
-
165 982
-
municipal
9 565
-
21 907
-
pensions
3 098
-
6 639
-
national
14 822
-
35 833
-
total
27 485
-
64 379
-
Employer
77 442
-
165 982
-
pensions
6 195
-
13 279
-
social contributions
832
-
1 784
-
total
7 027
-
15 063
-
Corporate
102 419
192 000
-
-
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%.

20 484
38 400
-
-
total
20 484
38 400
-
-
Dividends
81 936
153 600
-
-
withholding
18 026
33 792
-
-
total
18 026
33 792
-
-
Income
192 000
192 000
192 000
192 000
Total tax
73 022
72 192
79 442
80 473
After tax
118 978
119 808
112 558
111 527
Living cost
49 956
49 956
49 956
49 956
Free-cash
69 022
69 852
62 602
61 571

Estimated living cost  is ₽49956 per week

₽33955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134078
₽62953
₽49030
₽126383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
38 538
surtax
-
-
-
48 960
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.

-
-
-
35 951
microenterprise
-
-
-
-
total
-
-
-
123 449
Employee
27 418
-
148 704
-
surtax
-
-
21 561
-
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.

3 016
-
12 300
-
income
4 881
-
32 369
-
total
7 897
-
66 230
-
Employer
27 418
-
148 704
-
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.

6 604
-
26 939
-
surtax
-
-
16 357
-
total
6 604
-
43 296
-
Corporate
157 978
192 000
-
-
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%.

31 595
38 401
-
-
total
31 595
38 401
-
-
Dividends

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

126 383
153 599
-
-
total
-
-
-
-
Income
192 000
192 000
192 000
192 000
Total tax
46 096
38 401
109 526
123 449
After tax
145 904
153 599
82 474
68 551
Living cost
19 521
19 521
19 521
19 521
Free-cash
126 383
134 078
62 953
49 030

Estimated living cost  is ₽19521 per week

₽12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
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.
₽4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56148
₽83522
₽64834
₽50399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
65 296
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
87 859
Employee
80 127
80 127
174 562
-
pensions
14 423
10 993
10 993
-
income

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

13 116
13 116
29 171
-
health
12 299
10 461
11 570
-
total
39 838
34 570
51 734
-
Employer
80 127
80 127
174 562
-
health
5 570
5 570
6 921
-
pensions
5 577
5 577
6 932
-
unemployment
2 885
2 885
3 584
-
total
14 032
14 032
17 437
-
Corporate
98 824
97 841
-
-
income
19 765
19 569
-
-
total
19 765
19 569
-
-
Dividends
79 060
78 272
-
-
income
16 800
16 633
-
-
withholding
11 859
11 741
-
-
total
28 659
28 374
-
-
Income
192 000
192 000
192 000
192 000
Total tax
102 294
96 545
69 171
87 859
After tax
89 706
95 455
122 829
104 141
Living cost
39 307
39 307
39 307
39 307
Free-cash
50 399
56 148
83 522
64 834

Estimated living cost  is ₽39307 per week

₽27856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67348
₽58561
₽59471
₽66506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
164
other
-
-
-
9 546
unemployment
-
-
-
82
health
-
-
-
5 126
municipal
-
-
-
50 157
national
-
-
-
21 089
pensions
-
-
-
8 881
total
-
-
-
95 045
Employee
53 411
-
166 188
-
municipal
15 927
-
49 557
-
national
-
-
20 586
-
total
15 927
-
70 143
-
Employer
53 411
-
166 188
-
health
3 285
-
5 052
-
pensions
5 774
-
8 881
-
accident
107
-
164
-
unemployment
1 410
-
2 169
-
other
6 206
-
9 546
-
total
16 782
-
25 812
-
Corporate
121 807
192 000
-
-
income
26 798
42 240
-
-
total
26 798
42 240
-
-
Dividends
95 009
149 760
-
-
withholding
28 503
44 928
-
-
total
28 503
44 928
-
-
Income
192 000
192 000
192 000
192 000
Total tax
88 010
87 168
95 955
95 045
After tax
103 990
104 832
96 045
96 955
Living cost
37 484
37 484
37 484
37 484
Free-cash
66 506
67 348
58 561
59 471

Estimated living cost  is ₽37484 per week

₽24843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3678
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.
₽8394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽58946
₽82990
₽58582
₽72130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income

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

-
-
-
62 312
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.

-
-
-
3 428
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.

-
-
-
6 410
trade
-
-
-
24 407
total
-
-
-
96 557
Employee

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

47 583
-
192 000
-
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.

224
-
3 428
-
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.

4 088
-
62 312
-
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.

6 410
-
6 410
-
total
10 722
-
72 150
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
144 417
192 000
-
-
income
21 663
28 800
-
-
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.

1 191
1 585
-
-
chamber of commerce
347
415
-
-
trade
23 757
31 584
-
-
total
46 958
62 384
-
-
Dividends
97 458
129 616
-
-
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.

1 321
1 763
-
-
withholding
24 008
32 047
-
-
total
25 329
33 810
-
-
Income
192 000
192 000
192 000
192 000
Total tax
83 009
96 194
72 150
96 557
After tax
108 991
95 806
119 850
95 443
Living cost
36 860
36 860
36 860
36 860
Free-cash
72 130
58 946
82 990
58 582

Estimated living cost  is ₽36860 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽109546
₽97843
₽99460
₽105653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
42 028
social contributions
-
-
-
15 181
health
-
-
-
4 897
total
-
-
-
62 106
Employee
72 151
72 151
180 583
-
social contributions
3 506
5 988
8 077
-
income
7 576
6 679
41 159
-
health
718
1 227
3 070
-
total
11 800
13 894
52 306
-
Employer
72 151
72 151
180 583
-
health
782
1 335
3 340
-
social contributions
3 506
5 988
8 077
-
total
4 288
7 323
11 417
-
Corporate
145 478
112 525
-
-
income
18 185
14 065
-
-
total
18 185
14 065
-
-
Dividends
127 293
98 460
-
-
withholding
21 640
16 738
-
-
total
21 640
16 738
-
-
Income
192 000
192 000
192 000
192 000
Total tax
55 913
52 020
63 723
62 106
After tax
136 087
139 980
128 277
129 894
Living cost
30 434
30 434
30 434
30 434
Free-cash
105 653
109 546
97 843
99 460

Estimated living cost  is ₽30434 per week

₽20805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2377
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.
₽6741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90978
₽94486
₽116191
₽91328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
23 472
unemployment
-
-
-
2 880
health
-
-
-
13 440
pensions
-
-
-
19 200
total
-
-
-
58 992
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.

24 275
9 661
160 669
-
unemployment
364
145
2 410
-
pensions
2 428
966
16 067
-
income
2 968
1 181
19 642
-
health
1 699
676
11 247
-
total
7 459
2 968
49 366
-
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.

24 275
9 661
160 669
-
pensions
4 734
1 884
31 331
-
total
4 734
1 884
31 331
-
Corporate
162 991
180 455
-
-
income
14 669
16 241
-
-
total
14 669
16 241
-
-
Dividends
148 322
164 214
-
-
social contributions
28 812
31 911
-
-
withholding
28 181
31 201
-
-
total
56 993
63 112
-
-
Income
192 000
192 000
192 000
192 000
Total tax
83 855
84 205
80 697
58 992
After tax
108 145
107 795
111 303
133 008
Living cost
16 817
16 817
16 817
16 817
Free-cash
91 328
90 978
94 486
116 191

Estimated living cost  is ₽16817 per week

₽11476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130935
₽88004
₽80246
₽125107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
25 728
health
-
-
-
24 961
pensions
-
-
-
38 401
total
-
-
-
89 090
Employee
26 618
-
143 496
-
unemployment
426
-
2 295
-
pensions
532
-
2 870
-
income
2 997
-
27 665
-
total
3 955
-
32 830
-
Employer
26 618
-
143 496
-
health
3 460
-
18 654
-
pensions
5 324
-
28 700
-
unemployment
214
-
1 148
-
total
8 998
-
48 502
-
Corporate
156 384
192 000
-
-
income
31 276
38 401
-
-
total
31 276
38 401
-
-
Dividends
125 108
153 599
-
-
total
-
-
-
-
Income
192 000
192 000
192 000
192 000
Total tax
44 229
38 401
81 332
89 090
After tax
147 771
153 599
110 668
102 910
Living cost
22 664
22 664
22 664
22 664
Free-cash
125 107
130 935
88 004
80 246

Estimated living cost  is ₽22664 per week

₽15545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5396
₽84196
₽110216
₽12340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
240
income
-
-
-
54 204
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
60 836
Employee
32 952
-
174 328
-
pensions
3 710
-
7 264
-
income
4 521
-
41 959
-
health
3 773
-
19 961
-
total
12 004
-
69 184
-
Employer
32 952
-
174 328
-
pensions
5 358
-
10 490
-
accident
550
-
2 911
-
unemployment
807
-
4 271
-
total
6 715
-
17 672
-
Corporate
152 332
192 000
-
-
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.

137 099
172 800
-
-
total
137 099
172 800
-
-
Dividends
15 233
19 200
-
-
withholding
2 894
3 648
-
-
total
2 894
3 648
-
-
Income
192 000
192 000
192 000
192 000
Total tax
158 712
176 448
86 856
60 836
After tax
33 288
15 552
105 144
131 164
Living cost
20 948
20 948
20 948
20 948
Free-cash
12 340
-5 396
84 196
110 216

Estimated living cost  is ₽20948 per week

₽15353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽174839
₽146039
₽182519
₽173422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
192 000
microenterprise

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

-
-
-
1 920
total
-
-
-
1 920
Employee
9 450
-
192 000
-
income
1 890
-
38 400
-
total
1 890
-
38 400
-
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%.

182 550
192 000
-
-
total
-
-
-
-
Dividends
182 550
192 000
-
-
withholding
9 127
9 600
-
-
total
9 127
9 600
-
-
Income
192 000
192 000
192 000
192 000
Total tax
11 017
9 600
38 400
1 920
After tax
180 983
182 400
153 600
190 080
Living cost
7 561
7 561
7 561
7 561
Free-cash
173 422
174 839
146 039
182 519

Estimated living cost  is ₽7561 per week

₽4685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116060
₽85864
₽87494
₽109727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
32 204
other
-
-
-
6 777
health
-
-
-
6 278
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.

-
-
-
34 245
total
-
-
-
79 504
Employee
34 069
-
155 937
-
unemployment
340
-
1 426
-
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.

2 384
-
9 987
-
income
5 865
-
31 661
-
health
477
-
1 998
-
total
9 066
-
45 072
-
Employer
34 069
-
155 937
-
health
477
-
1 998
-
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.

5 792
-
24 257
-
accident
272
-
1 248
-
unemployment
340
-
1 426
-
other
1 704
-
7 133
-
total
8 585
-
36 062
-
Corporate
149 345
192 000
-
-
income
31 362
40 320
-
-
total
31 362
40 320
-
-
Dividends
117 983
151 680
-
-
withholding
8 258
10 618
-
-
total
8 258
10 618
-
-
Income
192 000
192 000
192 000
192 000
Total tax
57 271
50 938
81 134
79 504
After tax
134 729
141 062
110 866
112 496
Living cost
25 002
25 002
25 002
25 002
Free-cash
109 727
116 060
85 864
87 494

Estimated living cost  is ₽25002 per week

₽17665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60095
₽45385
₽62612
₽67643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
57 730
pensions
-
-
-
8 972
total
-
-
-
66 702
Employee
88 691
-
167 473
-
pensions
8 556
-
10 838
-
income
15 987
-
46 243
-
health
1 461
-
2 323
-
total
26 004
-
59 404
-
Employer
88 691
-
167 473
-
health
1 684
-
3 181
-
pensions
10 472
-
21 344
-
total
12 156
-
24 525
-
Corporate
91 153
192 000
-
-
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.

17 319
36 479
-
-
total
17 319
36 479
-
-
Dividends
73 834
155 521
-
-
withholding
6 192
32 740
-
-
total
6 192
32 740
-
-
Income
192 000
192 000
192 000
192 000
Total tax
61 671
69 219
83 929
66 702
After tax
130 329
122 781
108 071
125 298
Living cost
62 686
62 686
62 686
62 686
Free-cash
67 643
60 095
45 385
62 612

Estimated living cost  is ₽62686 per week

₽46972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽151861
₽149971
₽142152
₽147505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
28 800
unemployment
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
37 549
Employee
16 286
-
185 571
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 877
-
income
1 628
-
18 557
-
health
749
-
1 507
-
total
3 986
-
23 301
-
Employer
16 286
-
185 571
-
health
1 124
-
2 261
-
pensions

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

1 795
-
3 611
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
unemployment
97
-
197
-
total
3 195
-
6 429
-
Corporate
172 518
192 000
-
-
income
17 252
19 200
-
-
total
17 252
19 200
-
-
Dividends
155 266
172 800
-
-
withholding
7 763
8 640
-
-
total
7 763
8 640
-
-
Income
192 000
192 000
192 000
192 000
Total tax
32 196
27 840
29 730
37 549
After tax
159 804
164 160
162 270
154 451
Living cost
12 299
12 299
12 299
12 299
Free-cash
147 505
151 861
149 971
142 152

Estimated living cost  is ₽12299 per week

₽7181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43425
₽70799
₽52111
₽45786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
65 296
health
-
-
-
11 570
pensions
-
-
-
10 993
total
-
-
-
87 859
Employee
86 993
80 127
174 562
-
pensions
10 993
10 993
10 993
-
income

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

13 116
13 116
29 171
-
health
10 853
10 461
11 570
-
total
34 962
34 570
51 734
-
Employer
86 993
80 127
174 562
-
health
6 045
5 570
6 921
-
pensions
6 054
5 577
6 932
-
unemployment
3 132
2 885
3 584
-
total
15 231
14 032
17 437
-
Corporate
89 776
97 841
-
-
income
17 956
19 569
-
-
total
17 956
19 569
-
-
Dividends
71 820
78 272
-
-
income
15 262
16 633
-
-
withholding
10 773
11 741
-
-
total
26 035
28 374
-
-
Income
192 000
192 000
192 000
192 000
Total tax
94 184
96 545
69 171
87 859
After tax
97 816
95 455
122 829
104 141
Living cost
52 030
52 030
52 030
52 030
Free-cash
45 786
43 425
70 799
52 111

Estimated living cost  is ₽52030 per week

₽38381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽109181
₽80476
₽88643
₽100971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
19 945
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
1 370
health
-
-
-
25 920
total
-
-
-
80 346
Employee
33 839
-
150 139
-
solidarity contribution
-
-
637
-
social contributions
2 200
-
7 371
-
income
4 061
-
18 375
-
health
4 568
-
20 269
-
total
10 829
-
46 652
-
Employer
33 839
-
150 139
-
health
3 045
-
13 512
-
social contributions
8 460
-
28 349
-
total
11 505
-
41 861
-
Corporate
146 656
192 000
-
-
income
27 865
36 480
-
-
total
27 865
36 480
-
-
Dividends
118 791
155 520
-
-
withholding
17 819
23 328
-
-
total
17 819
23 328
-
-
Income
192 000
192 000
192 000
192 000
Total tax
68 018
59 808
88 513
80 346
After tax
123 982
132 192
103 487
111 654
Living cost
23 011
23 011
23 011
23 011
Free-cash
100 971
109 181
80 476
88 643

Estimated living cost  is ₽23011 per week

₽15983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62847
₽43726
₽51743
₽57948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
social contributions
-
-
-
46 962
regional
-
-
-
2 337
municipal
-
-
-
1 161
national
-
-
-
50 204
total
-
-
-
100 664
Employee
83 391
-
192 000
-
municipal
442
-
1 043
-
national
14 450
-
43 986
-
regional
787
-
2 084
-
social contributions
28 119
-
61 568
-
total
43 798
-
108 681
-
Employer
83 391
-
192 000
-
total
-
-
-
-
Corporate
108 609
192 000
-
-
municipal
4 236
7 487
-
-
nationa
26 066
46 080
-
-
total
30 302
53 567
-
-
Dividends
78 307
138 432
-
-
withholding
20 359
35 993
-
-
total
20 359
35 993
-
-
Income
192 000
192 000
192 000
192 000
Total tax
94 459
89 560
108 681
100 664
After tax
97 541
102 440
83 319
91 336
Living cost
39 593
39 593
39 593
39 593
Free-cash
57 948
62 847
43 726
51 743

Estimated living cost  is ₽39593 per week

₽27599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100064
₽64063
₽69799
₽97144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
57 856
other
-
-
-
-
surtax
-
-
-
9 489
unemployment
-
-
-
214
health
-
-
-
8 891
pensions
-
-
-
25 046
total
-
-
-
101 496
Employee
31 029
-
165 640
-
other
-
-
-
-
unemployment
2 160
-
8 716
-
pensions
2 069
-
8 353
-
surtax
101
-
8 367
-
income
5 201
-
52 243
-
health
792
-
3 193
-
total
10 323
-
80 872
-
Employer
31 029
-
165 640
-
health
1 412
-
5 698
-
pensions
4 136
-
16 693
-
unemployment
983
-
3 969
-
other
-
-
-
-
total
6 531
-
26 360
-
Corporate
154 440
192 000
-
-
income
40 155
49 919
-
-
total
40 155
49 919
-
-
Dividends
114 285
142 081
-
-
withholding
17 142
21 312
-
-
total
17 142
21 312
-
-
Income
192 000
192 000
192 000
192 000
Total tax
74 151
71 231
107 232
101 496
After tax
117 849
120 769
84 768
90 504
Living cost
20 705
20 705
20 705
20 705
Free-cash
97 144
100 064
64 063
69 799

Estimated living cost  is ₽20705 per week

₽12660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79956
₽65246
₽82473
₽86147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
57 730
pensions
-
-
-
8 972
total
-
-
-
66 702
Employee
59 438
-
167 473
-
pensions
5 045
-
10 838
-
income
10 705
-
46 243
-
health
863
-
2 323
-
total
16 613
-
59 404
-
Employer
59 438
-
167 473
-
health
1 129
-
3 181
-
pensions
6 434
-
21 344
-
total
7 563
-
24 525
-
Corporate
124 998
192 000
-
-
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.

23 749
36 479
-
-
total
23 749
36 479
-
-
Dividends
101 249
155 521
-
-
withholding
15 103
32 740
-
-
total
15 103
32 740
-
-
Income
192 000
192 000
192 000
192 000
Total tax
63 028
69 219
83 929
66 702
After tax
128 972
122 781
108 071
125 298
Living cost
42 825
42 825
42 825
42 825
Free-cash
86 147
79 956
65 246
82 473

Estimated living cost  is ₽42825 per week

₽32084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3210
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽13711
₽71619
₽79658
₽45411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
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.

-
-
-
3 840
regional
-
-
-
10 161
health
-
-
-
432
city
-
-
-
2 025
national
-
-
-
4 134
pensions
-
-
-
17 664
total
-
-
-
38 256
Employee
86 700
-
172 203
-
unemployment
-
-
-
-
pensions
7 284
-
14 071
-
national
410
-
3 196
-
regional
2 839
-
8 882
-
city
930
-
1 855
-
health
196
-
388
-
total
11 659
-
28 392
-
Employer
86 700
-
172 203
-
health
196
-
388
-
pensions
7 284
-
14 071
-
unemployment
-
-
-
-
other

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

1 733
-
3 444
-
total
9 213
-
17 903
-
Corporate
95 134
192 000
-
-
regional
20 120
40 608
-
-
national
8 087
16 320
-
-
total
28 207
56 928
-
-
Dividends
66 926
135 072
-
-
withholding
23 424
47 275
-
-
total
23 424
47 275
-
-
Income
192 000
192 000
192 000
192 000
Total tax
72 503
104 203
46 295
38 256
After tax
119 497
87 797
145 705
153 744
Living cost
74 086
74 086
74 086
74 086
Free-cash
45 411
13 711
71 619
79 658

Estimated living cost  is ₽74086 per week

₽48177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽910
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽51831
₽76866
₽51419
₽67051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income

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

-
-
-
62 312
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.

-
-
-
3 428
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.

-
-
-
6 410
trade
-
-
-
25 447
total
-
-
-
97 597
Employee

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

56 390
-
192 000
-
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.

365
-
3 428
-
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.

6 631
-
62 312
-
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.

6 410
-
6 410
-
total
13 406
-
72 150
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
135 610
192 000
-
-
income
20 342
28 800
-
-
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.

1 118
1 585
-
-
chamber of commerce
333
413
-
-
trade
23 257
32 929
-
-
total
45 050
63 727
-
-
Dividends
90 560
128 274
-
-
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.

1 225
1 745
-
-
withholding
22 284
31 713
-
-
total
23 509
33 458
-
-
Income
192 000
192 000
192 000
192 000
Total tax
81 965
97 185
72 150
97 597
After tax
110 035
94 815
119 850
94 403
Living cost
42 984
42 984
42 984
42 984
Free-cash
67 051
51 831
76 866
51 419

Estimated living cost  is ₽42984 per week

₽31394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64665
₽70205
₽74612
₽70206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
33 217
other
-
-
-
5 953
surtax
-
-
-
-
social contributions
-
-
-
5 472
health
-
-
-
8 953
pensions
-
-
-
31 690
total
-
-
-
85 285
Employee
40 158
-
147 285
-
pensions
4 541
-
10 785
-
surtax
-
-
-
-
social contributions
1 145
-
4 195
-
income
2 370
-
29 997
-
total
8 056
-
44 977
-
Employer
40 158
-
147 285
-
health
2 812
-
14 271
-
pensions
6 597
-
18 061
-
unemployment
1 626
-
5 965
-
social contributions
121
-
442
-
other
1 385
-
5 976
-
total
12 541
-
44 715
-
Corporate
139 301
192 000
-
-
income
39 004
53 760
-
-
surtax
-
-
-
-
total
39 004
53 760
-
-
Dividends
100 297
138 240
-
-
surtax
-
-
-
-
social contributions
17 252
23 778
-
-
withholding
12 838
17 694
-
-
total
30 090
41 472
-
-
Income
192 000
192 000
192 000
192 000
Total tax
89 691
95 232
89 692
85 285
After tax
102 309
96 768
102 308
106 715
Living cost
32 103
32 103
32 103
32 103
Free-cash
70 206
64 665
70 205
74 612

Estimated living cost  is ₽32103 per week

₽20242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67846
₽73386
₽77793
₽73058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
33 217
other
-
-
-
5 953
surtax
-
-
-
-
social contributions
-
-
-
5 472
health
-
-
-
8 953
pensions
-
-
-
31 690
total
-
-
-
85 285
Employee
35 847
-
147 285
-
pensions
4 054
-
10 785
-
surtax
-
-
-
-
social contributions
1 022
-
4 195
-
income
1 848
-
29 997
-
total
6 924
-
44 977
-
Employer
35 847
-
147 285
-
health
2 509
-
14 271
-
pensions
5 890
-
18 061
-
unemployment
1 451
-
5 965
-
social contributions
107
-
442
-
other
1 238
-
5 976
-
total
11 195
-
44 715
-
Corporate
144 959
192 000
-
-
income
40 589
53 760
-
-
surtax
-
-
-
-
total
40 589
53 760
-
-
Dividends
104 370
138 240
-
-
surtax
-
-
-
-
social contributions
17 952
23 778
-
-
withholding
13 360
17 694
-
-
total
31 312
41 472
-
-
Income
192 000
192 000
192 000
192 000
Total tax
90 020
95 232
89 692
85 285
After tax
101 980
96 768
102 308
106 715
Living cost
28 922
28 922
28 922
28 922
Free-cash
73 058
67 846
73 386
77 793

Estimated living cost  is ₽28922 per week

₽16773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
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.
₽8663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97242
₽98663
₽103408
₽97730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
28 800
social contributions
-
-
-
26 495
health
-
-
-
13 401
total
-
-
-
68 696
Employee
31 814
-
192 000
-
social contributions
4 391
-
26 495
-
income
5 306
-
33 545
-
health
2 220
-
13 401
-
total
11 917
-
73 441
-
Employer
31 814
-
192 000
-
total
-
-
-
-
Corporate
160 186
192 000
-
-
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%.

8 009
9 599
-
-
total
8 009
9 599
-
-
Dividends
152 177
182 401
-
-
social contributions
21 001
25 171
-
-
withholding
22 826
27 361
-
-
health
10 621
12 731
-
-
total
54 448
65 263
-
-
Income
192 000
192 000
192 000
192 000
Total tax
74 374
74 862
73 441
68 696
After tax
117 626
117 138
118 559
123 304
Living cost
19 896
19 896
19 896
19 896
Free-cash
97 730
97 242
98 663
103 408

Estimated living cost  is ₽19896 per week

₽13315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72916
₽17477
₽65557
₽71463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
58 010
surtax
-
-
-
185
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
767
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
93 381
Employee
46 892
37 393
156 822
-
other
468
374
1 097
-
unemployment
1 407
1 122
3 289
-
pensions
4 802
3 828
11 225
-
income
5 338
2 758
48 117
-
health
1 814
1 448
4 241
-
total
13 829
9 530
67 969
-
Employer
46 892
37 393
156 822
-
chamber of commerce
187
150
627
-
health
1 772
1 414
4 143
-
pensions
5 885
4 694
13 757
-
accident
609
486
1 424
-
unemployment
1 407
1 122
3 289
-
surtax
185
185
185
-
payroll
1 407
1 122
4 704
-
other
2 228
1 775
7 048
-
total
13 680
10 948
35 177
-
Corporate
131 429
143 660
153 261
-
income

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

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

32 858
35 915
38 315
-
total
32 858
35 915
38 315
-
Dividends
98 572
107 745
-
-
withholding
27 108
29 629
-
-
total
27 108
29 629
-
-
Income
192 000
192 000
192 000
192 000
Total tax
87 475
86 022
141 461
93 381
After tax
104 525
105 978
50 539
98 619
Living cost
33 062
33 062
33 062
33 062
Free-cash
71 463
72 916
17 477
65 557

Estimated living cost  is ₽33062 per week

₽22051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2820
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72218
₽31892
₽49201
₽59039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
communal

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

-
-
-
10 116
social contributions
-
-
-
23 393
national
-
-
-
75 078
total
-
-
-
108 587
Employee

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

67 117
-
148 710
-
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.

584
-
1 295
-
communal

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

3 501
-
7 756
-
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.

5 034
-
11 154
-
national
20 635
-
55 411
-
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.

3 153
-
6 989
-
total
32 907
-
82 605
-
Employer

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

67 117
-
148 710
-
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.

4 127
-
9 147
-
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.

5 947
-
13 177
-
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.

872
-
1 934
-
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.

979
-
2 171
-
surtax
7 610
-
16 862
-
total
19 535
-
43 291
-
Corporate
105 346
192 000
-
-
income
21 070
39 654
-
-
surtax
422
792
-
-
total
21 492
40 446
-
-
Dividends
83 854
151 553
-
-
withholding

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

24 815
45 124
-
-
total
24 815
45 124
-
-
Income
192 000
192 000
192 000
192 000
Total tax
98 749
85 570
125 896
108 587
After tax
93 251
106 430
66 104
83 413
Living cost
34 212
34 212
34 212
34 212
Free-cash
59 039
72 218
31 892
49 201

Estimated living cost  is ₽34212 per week

₽22037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93773
₽69628
₽73565
₽87346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
783
income
-
-
-
58 458
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
84 549
Employee
46 707
-
164 274
-
other
46
-
87
-
unemployment
725
-
1 348
-
pensions
2 195
-
4 088
-
income
9 855
-
55 237
-
total
12 821
-
60 760
-
Employer
46 707
-
164 274
-
pensions
11 022
-
20 525
-
accident
924
-
1 722
-
unemployment
2 569
-
4 783
-
other
372
-
696
-
total
14 887
-
27 726
-
Corporate
130 406
192 000
-
-
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.

19 560
28 800
-
-
total
19 560
28 800
-
-
Dividends
110 846
163 200
-
-
withholding
23 500
35 541
-
-
total
23 500
35 541
-
-
Income
192 000
192 000
192 000
192 000
Total tax
70 768
64 341
88 486
84 549
After tax
121 232
127 659
103 514
107 451
Living cost
33 886
33 886
33 886
33 886
Free-cash
87 346
93 773
69 628
73 565

Estimated living cost  is ₽33886 per week

₽24953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽59241
₽48597
₽40943
₽46509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
communal
-
-
-
12 135
accident
-
-
-
1 619
income
-
-
-
34 525
surtax
-
-
-
9 519
health
-
-
-
13 490
pensions
-
-
-
28 778
total
-
-
-
100 066
Employee
71 057
-
171 505
-
pensions
5 684
-
13 720
-
surtax
4 355
-
10 511
-
income
6 863
-
40 054
-
health
3 162
-
7 632
-
total
20 064
-
71 917
-
Employer
71 057
-
171 505
-
health
2 167
-
5 231
-
pensions
5 684
-
13 720
-
accident
639
-
1 544
-
total
8 490
-
20 495
-
Corporate
112 453
192 000
-
-
communal
7 591
12 959
-
-
income
16 868
28 800
-
-
surtax
1 181
2 016
-
-
total
25 640
43 775
-
-
Dividends
86 814
148 225
-
-
income
27 284
15 759
-
-
withholding
13 022
22 234
-
-
total
40 306
37 993
-
-
Income
192 000
192 000
192 000
192 000
Total tax
94 500
81 768
92 412
100 066
After tax
97 500
110 232
99 588
91 934
Living cost
50 991
50 991
50 991
50 991
Free-cash
46 509
59 241
48 597
40 943

Estimated living cost  is ₽50991 per week

₽38251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3089
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.
₽9110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99694
₽63693
₽69429
₽96710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
57 856
other
-
-
-
-
surtax
-
-
-
9 489
unemployment
-
-
-
214
health
-
-
-
8 891
pensions
-
-
-
25 046
total
-
-
-
101 496
Employee
31 599
-
165 640
-
other
-
-
-
-
unemployment
2 199
-
8 716
-
pensions
2 108
-
8 353
-
surtax
112
-
8 367
-
income
5 297
-
52 243
-
health
807
-
3 193
-
total
10 523
-
80 872
-
Employer
31 599
-
165 640
-
health
1 437
-
5 698
-
pensions
4 213
-
16 693
-
unemployment
1 002
-
3 969
-
other
-
-
-
-
total
6 652
-
26 360
-
Corporate
153 749
192 000
-
-
income
39 975
49 919
-
-
total
39 975
49 919
-
-
Dividends
113 774
142 081
-
-
withholding
17 065
21 312
-
-
total
17 065
21 312
-
-
Income
192 000
192 000
192 000
192 000
Total tax
74 215
71 231
107 232
101 496
After tax
117 785
120 769
84 768
90 504
Living cost
21 075
21 075
21 075
21 075
Free-cash
96 710
99 694
63 693
69 429

Estimated living cost  is ₽21075 per week

₽12724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75645
₽57478
₽65453
₽73561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
social contributions
-
-
-
46 962
regional
-
-
-
2 944
municipal
-
-
-
1 161
national
-
-
-
50 204
total
-
-
-
101 271
Employee
52 049
-
192 000
-
municipal
276
-
1 043
-
national
8 246
-
43 986
-
regional
701
-
2 649
-
social contributions
17 551
-
61 568
-
total
26 774
-
109 246
-
Employer
52 049
-
192 000
-
total
-
-
-
-
Corporate
139 951
192 000
-
-
municipal
6 955
9 542
-
-
nationa
33 588
46 080
-
-
total
40 543
55 622
-
-
Dividends
99 408
136 377
-
-
withholding
25 846
35 457
-
-
total
25 846
35 457
-
-
Income
192 000
192 000
192 000
192 000
Total tax
93 163
91 079
109 246
101 271
After tax
98 837
100 921
82 754
90 729
Living cost
25 276
25 276
25 276
25 276
Free-cash
73 561
75 645
57 478
65 453

Estimated living cost  is ₽25276 per week

₽15719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103837
₽75132
₽83299
₽93721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
19 945
social contributions
-
-
-
33 111
solidarity contribution
-
-
-
1 370
health
-
-
-
25 920
total
-
-
-
80 346
Employee
41 699
-
150 139
-
solidarity contribution
-
-
637
-
social contributions
2 710
-
7 371
-
income
5 004
-
18 375
-
health
5 629
-
20 269
-
total
13 343
-
46 652
-
Employer
41 699
-
150 139
-
health
3 753
-
13 512
-
social contributions
10 425
-
28 349
-
total
14 178
-
41 861
-
Corporate
136 124
192 000
-
-
income
25 864
36 480
-
-
total
25 864
36 480
-
-
Dividends
110 260
155 520
-
-
withholding
16 539
23 328
-
-
total
16 539
23 328
-
-
Income
192 000
192 000
192 000
192 000
Total tax
69 924
59 808
88 513
80 346
After tax
122 076
132 192
103 487
111 654
Living cost
28 355
28 355
28 355
28 355
Free-cash
93 721
103 837
75 132
83 299

Estimated living cost  is ₽28355 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76142
₽20649
₽68869
₽75681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
58 010
surtax
-
-
-
-
unemployment
-
-
-
5 755
chamber of commerce
-
-
-
767
health
-
-
-
8 385
pensions
-
-
-
20 279
total
-
-
-
93 196
Employee
41 016
37 393
156 993
-
other
410
374
1 097
-
unemployment
1 230
1 122
3 289
-
pensions
4 200
3 828
11 225
-
income
3 654
2 758
48 199
-
health
1 587
1 448
4 241
-
total
11 081
9 530
68 051
-
Employer
41 016
37 393
156 993
-
chamber of commerce
164
150
629
-
health
1 551
1 414
4 143
-
pensions
5 148
4 694
13 757
-
accident
532
486
1 424
-
unemployment
1 230
1 122
3 289
-
surtax
-
-
-
-
payroll
1 230
1 122
4 710
-
other
1 948
1 775
7 055
-
total
11 803
10 763
35 007
-
Corporate
139 180
143 845
153 432
-
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.

34 795
35 961
38 358
-
total
34 795
35 961
38 358
-
Dividends
104 385
107 884
-
-
withholding
28 705
29 669
-
-
total
28 705
29 669
-
-
Income
192 000
192 000
192 000
192 000
Total tax
86 384
85 923
141 416
93 196
After tax
105 616
106 077
50 584
98 804
Living cost
29 935
29 935
29 935
29 935
Free-cash
75 681
76 142
20 649
68 869

Estimated living cost  is ₽29935 per week

₽17957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽534
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8387
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170618
₽141818
₽178298
₽168408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
192 000
microenterprise

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

-
-
-
1 920
total
-
-
-
1 920
Employee
14 727
-
192 000
-
income
2 946
-
38 400
-
total
2 946
-
38 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

177 273
192 000
-
-
total
-
-
-
-
Dividends
177 273
192 000
-
-
withholding
8 864
9 600
-
-
total
8 864
9 600
-
-
Income
192 000
192 000
192 000
192 000
Total tax
11 810
9 600
38 400
1 920
After tax
180 190
182 400
153 600
190 080
Living cost
11 782
11 782
11 782
11 782
Free-cash
168 408
170 618
141 818
178 298

Estimated living cost  is ₽11782 per week

₽7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107026
₽61817
₽65986
₽99174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
46 601
unemployment
-
-
-
288
health
-
-
-
18 894
pensions
-
-
-
35 064
total
-
-
-
100 847
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.

41 492
-
166 133
-
unemployment
59
-
233
-
pensions
6 432
-
25 751
-
income
7 155
-
42 433
-
health
2 680
-
10 732
-
total
16 326
-
79 149
-
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.

41 492
-
166 133
-
health
2 764
-
11 065
-
pensions
3 672
-
14 702
-
unemployment
25
-
100
-
total
6 461
-
25 867
-
Corporate
144 048
192 000
-
-
income
27 370
36 479
-
-
total
27 370
36 479
-
-
Dividends
116 678
155 521
-
-
withholding
17 502
23 328
-
-
total
17 502
23 328
-
-
Income
192 000
192 000
192 000
192 000
Total tax
67 659
59 807
105 016
100 847
After tax
124 341
132 193
86 984
91 153
Living cost
25 167
25 167
25 167
25 167
Free-cash
99 174
107 026
61 817
65 986

Estimated living cost  is ₽25167 per week

₽17272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76733
₽139700
₽92607
₽32550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
37 425
social contributions
-
-
-
21 888
total
-
-
-
59 313
Employee
57 469
-
-
-
social contributions
4 712
-
672
-
income
12 676
-
-
-
total
17 388
-
672
-
Employer
57 469
-
-
-
social contributions
81 031
-
11 548
-
total
81 031
-
11 548
-
Corporate
53 500
192 000
-
-
income
11 770
42 240
-
-
total
11 770
42 240
-
-
Dividends
41 730
149 760
-
-
income
9 181
32 947
-
-
total
9 181
32 947
-
-
Income
192 000
192 000
192 000
192 000
Total tax
119 370
75 187
12 220
59 313
After tax
72 630
116 813
179 780
132 687
Living cost
40 080
40 080
40 080
40 080
Free-cash
32 550
76 733
139 700
92 607

Estimated living cost  is ₽40080 per week

₽26005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽9794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79777
₽57121
₽71680
₽78833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
24 169
surtax
-
-
-
-
social contributions

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

-
-
-
66 719
total
-
-
-
90 888
Employee
43 155
-
155 152
-
surtax
-
-
-
-
social contributions
4 747
-
17 067
-
income
8 976
-
51 532
-
total
13 723
-
68 599
-
Employer
43 155
-
155 152
-
social contributions
10 249
-
36 848
-
total
10 249
-
36 848
-
Corporate
138 596
192 000
-
-
income
29 106
40 320
-
-
surtax
-
-
-
-
total
29 106
40 320
-
-
Dividends
109 490
151 680
-
-
withholding
30 657
42 471
-
-
total
30 657
42 471
-
-
Income
192 000
192 000
192 000
192 000
Total tax
83 735
82 791
105 447
90 888
After tax
108 265
109 209
86 553
101 112
Living cost
29 432
29 432
29 432
29 432
Free-cash
78 833
79 777
57 121
71 680

Estimated living cost  is ₽29432 per week

₽22021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽51449
₽56989
₽61396
₽57898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
33 217
other
-
-
-
5 953
surtax
-
-
-
-
social contributions
-
-
-
5 472
health
-
-
-
8 953
pensions
-
-
-
31 690
total
-
-
-
85 285
Employee
58 768
-
147 285
-
pensions
6 647
-
10 785
-
surtax
-
-
-
-
social contributions
1 674
-
4 195
-
income
5 128
-
29 997
-
total
13 449
-
44 977
-
Employer
58 768
-
147 285
-
health
4 113
-
14 271
-
pensions
9 656
-
18 061
-
unemployment
2 381
-
5 965
-
social contributions
176
-
442
-
other
2 028
-
5 976
-
total
18 354
-
44 715
-
Corporate
114 878
192 000
-
-
income
32 165
53 760
-
-
surtax
-
-
-
-
total
32 165
53 760
-
-
Dividends
82 713
138 240
-
-
surtax
-
-
-
-
social contributions
14 227
23 778
-
-
withholding
10 588
17 694
-
-
total
24 815
41 472
-
-
Income
192 000
192 000
192 000
192 000
Total tax
88 783
95 232
89 692
85 285
After tax
103 217
96 768
102 308
106 715
Living cost
45 319
45 319
45 319
45 319
Free-cash
57 898
51 449
56 989
61 396

Estimated living cost  is ₽45319 per week

₽30671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽144595
₽117378
₽112276
₽141443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
9 279
social contributions
-
-
-
42 240
total
-
-
-
51 519
Employee
30 166
-
166 235
-
income
-
-
9 845
-
social contributions
1 960
-
10 807
-
total
1 960
-
20 652
-
Employer
30 166
-
166 235
-
social contributions
4 676
-
25 765
-
total
4 676
-
25 765
-
Corporate
157 159
192 000
-
-
income
15 716
19 200
-
-
total
15 716
19 200
-
-
Dividends
141 443
172 800
-
-
total
-
-
-
-
Income
192 000
192 000
192 000
192 000
Total tax
22 352
19 200
46 417
51 519
After tax
169 648
172 800
145 583
140 481
Living cost
28 205
28 205
28 205
28 205
Free-cash
141 443
144 595
117 378
112 276

Estimated living cost  is ₽28205 per week

₽18237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12426
-₽12426
₽66507
-₽12426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
labour market
-
-
-
15 295
municipal
-
-
-
40 788
national
-
-
-
23 410
pensions
-
-
-
813
total
-
-
-
80 306
Employee
190 722
190 722
190 722
-
municipal
40 613
40 613
40 613
-
labour market
15 236
15 236
15 236
-
pensions
271
271
271
-
national
23 300
23 300
23 300
-
total
79 420
79 420
79 420
-
Employer
190 722
190 722
190 722
-
national
23 341
23 341
23 341
-
labour market
15 258
15 258
15 258
-
pensions
542
542
542
-
municipal
40 678
40 678
40 678
-
total
79 819
79 819
79 819
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
192 000
192 000
192 000
192 000
Total tax
159 239
159 239
159 239
80 306
After tax
32 761
32 761
32 761
111 694
Living cost
45 187
45 187
45 187
45 187
Free-cash
-12 426
-12 426
-12 426
66 507

Estimated living cost  is ₽45187 per week

₽30926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5087
₽84505
₽110525
₽12386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
240
income
-
-
-
54 204
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
60 836
Employee
32 466
-
174 328
-
pensions
3 656
-
7 264
-
income
4 454
-
41 959
-
health
3 718
-
19 961
-
total
11 828
-
69 184
-
Employer
32 466
-
174 328
-
pensions
5 279
-
10 490
-
accident
542
-
2 911
-
unemployment
796
-
4 271
-
total
6 617
-
17 672
-
Corporate
152 917
192 000
-
-
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.

137 625
172 800
-
-
total
137 625
172 800
-
-
Dividends
15 292
19 200
-
-
withholding
2 905
3 648
-
-
total
2 905
3 648
-
-
Income
192 000
192 000
192 000
192 000
Total tax
158 975
176 448
86 856
60 836
After tax
33 025
15 552
105 144
131 164
Living cost
20 639
20 639
20 639
20 639
Free-cash
12 386
-5 087
84 505
110 525

Estimated living cost  is ₽20639 per week

₽15023
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.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82628
₽61939
₽83930
₽85524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
192 000
health
-
-
-
2 566
municipal
-
-
-
34 099
national
-
-
-
35 381
total
-
-
-
72 046
Employee
49 366
-
161 521
-
municipal
8 086
-
26 298
-
unemployment
741
-
2 423
-
pensions
3 332
-
10 903
-
national
816
-
21 838
-
health
369
-
2 096
-
total
13 344
-
63 558
-
Employer
49 366
-
161 521
-
health
379
-
1 243
-
pensions
8 565
-
28 023
-
accident
50
-
162
-
unemployment
321
-
1 051
-
total
9 315
-
30 479
-
Corporate
133 319
192 000
-
-
income
26 665
38 401
-
-
total
26 665
38 401
-
-
Dividends

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

79 991
115 200
-
-
municipal
14 398
20 735
-
-
national
6 730
14 212
-
-
total
21 128
34 947
-
-
Income
192 000
192 000
192 000
192 000
Total tax
70 452
73 348
94 037
72 046
After tax
121 548
118 652
97 963
119 954
Living cost
36 024
36 024
36 024
36 024
Free-cash
85 524
82 628
61 939
83 930

Estimated living cost  is ₽36024 per week

₽23531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽118256
₽106553
₽108170
₽113148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
42 028
social contributions
-
-
-
15 181
health
-
-
-
4 897
total
-
-
-
62 106
Employee
72 151
72 151
180 583
-
social contributions
2 728
5 988
8 077
-
income
7 856
6 679
41 159
-
health
559
1 227
3 070
-
total
11 143
13 894
52 306
-
Employer
72 151
72 151
180 583
-
health
607
1 335
3 340
-
social contributions
2 728
5 988
8 077
-
total
3 335
7 323
11 417
-
Corporate
155 798
112 525
-
-
income
19 475
14 065
-
-
total
19 475
14 065
-
-
Dividends
136 323
98 460
-
-
withholding
23 175
16 738
-
-
total
23 175
16 738
-
-
Income
192 000
192 000
192 000
192 000
Total tax
57 128
52 020
63 723
62 106
After tax
134 872
139 980
128 277
129 894
Living cost
21 724
21 724
21 724
21 724
Free-cash
113 148
118 256
106 553
108 170

Estimated living cost  is ₽21724 per week

₽13020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2131
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.
₽6093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽144097
₽129136
₽147955
₽139324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192 000
income
-
-
-
19 756
unemployment
-
-
-
27
health
-
-
-
3 396
pensions
-
-
-
5 969
total
-
-
-
29 148
Employee

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

21 537
-
182 830
-
unemployment
107
-
445
-
pensions
3 230
-
13 355
-
income
1 473
-
17 429
-
health
1 830
-
7 568
-
total
6 640
-
38 797
-
Employer

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

21 537
-
182 830
-
health
926
-
3 828
-
pensions
1 184
-
4 897
-
unemployment
107
-
445
-
total
2 217
-
9 170
-
Corporate
168 246
192 000
-
-
income
15 142
17 281
-
-
total
15 142
17 281
-
-
Dividends
153 104
174 719
-
-
withholding
13 780
15 725
-
-
total
13 780
15 725
-
-
Income
192 000
192 000
192 000
192 000
Total tax
37 779
33 006
47 967
29 148
After tax
154 221
158 994
144 033
162 852
Living cost
14 897
14 897
14 897
14 897
Free-cash
139 324
144 097
129 136
147 955

Estimated living cost  is ₽14897 per week

₽9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
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.
₽3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101857
₽77712
₽81649
₽97711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
783
income
-
-
-
58 458
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
84 549
Employee
34 695
-
164 274
-
other
34
-
87
-
unemployment
538
-
1 348
-
pensions
1 631
-
4 088
-
income
6 689
-
55 237
-
total
8 892
-
60 760
-
Employer
34 695
-
164 274
-
pensions
8 187
-
20 525
-
accident
687
-
1 722
-
unemployment
1 909
-
4 783
-
other
278
-
696
-
total
11 061
-
27 726
-
Corporate
146 244
192 000
-
-
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.

21 937
28 800
-
-
total
21 937
28 800
-
-
Dividends
124 307
163 200
-
-
withholding
26 597
35 541
-
-
total
26 597
35 541
-
-
Income
192 000
192 000
192 000
192 000
Total tax
68 487
64 341
88 486
84 549
After tax
123 513
127 659
103 514
107 451
Living cost
25 802
25 802
25 802
25 802
Free-cash
97 711
101 857
77 712
81 649

Estimated living cost  is ₽25802 per week

₽17416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
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.
₽5454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽117908
₽121649
₽121784
₽117596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
65 925
health
-
-
-
1 005
pensions
-
-
-
1 386
total
-
-
-
68 316
Employee
2 894
-
190 441
-
unemployment
29
-
69
-
pensions
260
-
624
-
income
560
-
65 852
-
health
145
-
347
-
total
994
-
66 892
-
Employer
2 894
-
190 441
-
health
275
-
658
-
pensions
318
-
762
-
unemployment
58
-
139
-
total
651
-
1 559
-
Corporate
188 454
192 000
-
-
income
41 460
42 240
-
-
total
41 460
42 240
-
-
Dividends
146 994
149 760
-
-
withholding
29 399
29 952
-
-
total
29 399
29 952
-
-
Income
192 000
192 000
192 000
192 000
Total tax
72 504
72 192
68 451
68 316
After tax
119 496
119 808
123 549
123 684
Living cost
1 900
1 900
1 900
1 900
Free-cash
117 596
117 908
121 649
121 784

Estimated living cost  is ₽1900 per week

₽1129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽44
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122524
₽105554
₽105554
₽117915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
44 088
unemployment
-
-
-
1 038
health
-
-
-
7 129
pensions
-
-
-
17 995
total
-
-
-
70 250
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.

24 423
-
179 611
-
unemployment
183
-
519
-
pensions
3 419
-
9 690
-
income
3 367
-
44 088
-
health
1 258
-
3 564
-
total
8 227
-
57 861
-
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.

24 423
-
179 611
-
health
1 258
-
3 564
-
pensions
2 931
-
8 306
-
unemployment
183
-
519
-
total
4 372
-
12 389
-
Corporate
163 205
192 000
-
-
income
24 481
28 800
-
-
total
24 481
28 800
-
-
Dividends
138 724
163 200
-
-
withholding
20 809
24 480
-
-
total
20 809
24 480
-
-
Income
192 000
192 000
192 000
192 000
Total tax
57 889
53 280
70 250
70 250
After tax
134 111
138 720
121 750
121 750
Living cost
16 196
16 196
16 196
16 196
Free-cash
117 915
122 524
105 554
105 554

Estimated living cost  is ₽16196 per week

₽10905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1253
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.
₽3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83913
₽61257
₽75816
₽83577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
24 169
surtax
-
-
-
-
social contributions

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

-
-
-
66 719
total
-
-
-
90 888
Employee
36 418
-
155 152
-
surtax
-
-
-
-
social contributions
4 006
-
17 067
-
income
7 116
-
51 532
-
total
11 122
-
68 599
-
Employer
36 418
-
155 152
-
social contributions
8 648
-
36 848
-
total
8 648
-
36 848
-
Corporate
146 934
192 000
-
-
income
30 856
40 320
-
-
surtax
-
-
-
-
total
30 856
40 320
-
-
Dividends
116 078
151 680
-
-
withholding
32 501
42 471
-
-
total
32 501
42 471
-
-
Income
192 000
192 000
192 000
192 000
Total tax
83 127
82 791
105 447
90 888
After tax
108 873
109 209
86 553
101 112
Living cost
25 296
25 296
25 296
25 296
Free-cash
83 577
83 913
61 257
75 816

Estimated living cost  is ₽25296 per week

₽17916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94683
₽70538
₽74475
₽88541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
783
income
-
-
-
58 458
other
-
-
-
87
unemployment
-
-
-
609
pensions
-
-
-
24 612
total
-
-
-
84 549
Employee
45 316
-
164 274
-
other
45
-
87
-
unemployment
702
-
1 348
-
pensions
2 130
-
4 088
-
income
9 465
-
55 237
-
total
12 342
-
60 760
-
Employer
45 316
-
164 274
-
pensions
10 694
-
20 525
-
accident
897
-
1 722
-
unemployment
2 493
-
4 783
-
other
363
-
696
-
total
14 447
-
27 726
-
Corporate
132 236
192 000
-
-
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.

19 836
28 800
-
-
total
19 836
28 800
-
-
Dividends
112 400
163 200
-
-
withholding
23 858
35 541
-
-
total
23 858
35 541
-
-
Income
192 000
192 000
192 000
192 000
Total tax
70 483
64 341
88 486
84 549
After tax
121 517
127 659
103 514
107 451
Living cost
32 976
32 976
32 976
32 976
Free-cash
88 541
94 683
70 538
74 475

Estimated living cost  is ₽32976 per week

₽23682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽148023
₽146133
₽138314
₽142305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
28 800
unemployment
-
-
-
131
health
-
-
-
3 768
pensions

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

-
-
-
4 850
total
-
-
-
37 549
Employee
21 368
-
185 571
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 877
-
income
2 137
-
18 557
-
health
983
-
1 507
-
total
5 231
-
23 301
-
Employer
21 368
-
185 571
-
health
1 475
-
2 261
-
pensions

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

2 355
-
3 611
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
unemployment
128
-
197
-
total
4 193
-
6 429
-
Corporate
166 440
192 000
-
-
income
16 644
19 200
-
-
total
16 644
19 200
-
-
Dividends
149 796
172 800
-
-
withholding
7 490
8 640
-
-
total
7 490
8 640
-
-
Income
192 000
192 000
192 000
192 000
Total tax
33 558
27 840
29 730
37 549
After tax
158 442
164 160
162 270
154 451
Living cost
16 137
16 137
16 137
16 137
Free-cash
142 305
148 023
146 133
138 314

Estimated living cost  is ₽16137 per week

₽10673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62544
₽83625
₽62332
₽74819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income

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

-
-
-
62 312
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.

-
-
-
3 428
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.

-
-
-
6 410
trade
-
-
-
21 293
total
-
-
-
93 443
Employee

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

46 686
-
192 000
-
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.

212
-
3 428
-
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.

3 839
-
62 312
-
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.

6 410
-
6 410
-
total
10 461
-
72 150
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
145 314
192 000
-
-
income
21 796
28 800
-
-
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.

1 198
1 585
-
-
chamber of commerce
356
424
-
-
trade
20 853
27 551
-
-
total
44 203
58 360
-
-
Dividends
101 110
133 641
-
-
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.

1 371
1 818
-
-
withholding
24 921
33 053
-
-
total
26 292
34 871
-
-
Income
192 000
192 000
192 000
192 000
Total tax
80 956
93 231
72 150
93 443
After tax
111 044
98 769
119 850
98 557
Living cost
36 225
36 225
36 225
36 225
Free-cash
74 819
62 544
83 625
62 332

Estimated living cost  is ₽36225 per week

₽24989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80949
₽44609
₽44609
₽83022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
61 290
social contributions
-
-
-
32 651
total
-
-
-
93 941
Employee
73 396
-
192 000
-
income
13 850
-
61 290
-
social contributions
6 098
-
32 651
-
total
19 948
-
93 941
-
Employer
73 396
-
192 000
-
total
-
-
-
-
Corporate
118 604
192 000
-
-
income
14 825
24 001
-
-
total
14 825
24 001
-
-
Dividends
103 778
167 999
-
-
withholding
20 755
33 600
-
-
total
20 755
33 600
-
-
Income
192 000
192 000
192 000
192 000
Total tax
55 528
57 601
93 941
93 941
After tax
136 472
134 399
98 059
98 059
Living cost
53 450
53 450
53 450
53 450
Free-cash
83 022
80 949
44 609
44 609

Estimated living cost  is ₽53450 per week

₽40664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4355
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.
₽7920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85782
₽100825
₽123452
₽89060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
28 800
health

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

-
-
-
5 687
total
-
-
-
34 487
Employee
43 044
-
187 684
-
income
4 671
-
48 482
-
social contributions
4 313
-
4 316
-
total
8 984
-
52 798
-
Employer
43 044
-
187 684
-
social contributions
4 313
-
4 316
-
total
4 313
-
4 316
-
Corporate
144 643
192 000
-
-
income
50 625
67 200
-
-
total
50 625
67 200
-
-
Dividends
94 019
124 800
-
-
social contributions
4 957
4 957
-
-
total
4 957
4 957
-
-
Income
192 000
192 000
192 000
192 000
Total tax
68 879
72 157
57 114
34 487
After tax
123 121
119 843
134 886
157 513
Living cost
34 061
34 061
34 061
34 061
Free-cash
89 060
85 782
100 825
123 452

Estimated living cost  is ₽34061 per week

₽22436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87966
₽73256
₽90483
₽93515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
income
-
-
-
57 730
pensions
-
-
-
8 972
total
-
-
-
66 702
Employee
47 789
-
167 473
-
pensions
3 648
-
10 838
-
income
8 703
-
46 243
-
health
623
-
2 323
-
total
12 974
-
59 404
-
Employer
47 789
-
167 473
-
health
908
-
3 181
-
pensions
4 828
-
21 344
-
total
5 736
-
24 525
-
Corporate
138 474
192 000
-
-
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.

26 311
36 479
-
-
total
26 311
36 479
-
-
Dividends
112 164
155 521
-
-
withholding
18 649
32 740
-
-
total
18 649
32 740
-
-
Income
192 000
192 000
192 000
192 000
Total tax
63 670
69 219
83 929
66 702
After tax
128 330
122 781
108 071
125 298
Living cost
34 815
34 815
34 815
34 815
Free-cash
93 515
87 966
73 256
90 483

Estimated living cost  is ₽34815 per week

₽23883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₽7130
₽82462
₽108482
₽12073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
accident
-
-
-
240
income
-
-
-
54 204
other
-
-
-
353
health
-
-
-
2 077
pensions
-
-
-
3 962
total
-
-
-
60 836
Employee
35 680
-
174 328
-
pensions
4 018
-
7 264
-
income
4 895
-
41 959
-
health
4 085
-
19 961
-
total
12 998
-
69 184
-
Employer
35 680
-
174 328
-
pensions
5 801
-
10 490
-
accident
596
-
2 911
-
unemployment
874
-
4 271
-
total
7 271
-
17 672
-
Corporate
149 049
192 000
-
-
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.

134 144
172 800
-
-
total
134 144
172 800
-
-
Dividends
14 905
19 200
-
-
withholding
2 832
3 648
-
-
total
2 832
3 648
-
-
Income
192 000
192 000
192 000
192 000
Total tax
157 245
176 448
86 856
60 836
After tax
34 755
15 552
105 144
131 164
Living cost
22 682
22 682
22 682
22 682
Free-cash
12 073
-7 130
82 462
108 482

Estimated living cost  is ₽22682 per week

₽16646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134203
₽126626
₽105990
₽144501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
192 000
income
-
-
-
32 060
unemployment
-
-
-
1 801
work injury
-
-
-
750
health insurance
-
-
-
11 106
pensions
-
-
-
27 616
total
-
-
-
73 333
Employee

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

20 283
-
192 000
-
health insurance
1 501
-
5 553
-
unemployment
243
-
901
-
work injury
101
-
375
-
pensions
3 732
-
13 808
-
income
2 028
-
32 060
-
total
7 605
-
52 697
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
171 717
192 000
-
-
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%.

1 717
19 200
-
-
total
1 717
19 200
-
-
Dividends
170 000
172 800
-
-
withholding
25 500
25 920
-
-
total
25 500
25 920
-
-
Income
192 000
192 000
192 000
192 000
Total tax
34 822
45 120
52 697
73 333
After tax
157 178
146 880
139 303
118 667
Living cost
12 677
12 677
12 677
12 677
Free-cash
144 501
134 203
126 626
105 990

Estimated living cost  is ₽12677 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63752
₽43859
₽51632
₽59483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
192 000
social contributions
-
-
-
46 962
regional
-
-
-
4 517
municipal
-
-
-
1 305
national
-
-
-
50 204
total
-
-
-
102 988
Employee
79 067
-
192 000
-
municipal
472
-
1 173
-
national
13 362
-
43 986
-
regional
1 194
-
4 034
-
social contributions
26 661
-
61 568
-
total
41 689
-
110 761
-
Employer
79 067
-
192 000
-
total
-
-
-
-
Corporate
112 933
192 000
-
-
municipal
5 443
9 254
-
-
nationa
27 104
46 080
-
-
total
32 547
55 334
-
-
Dividends
80 385
136 666
-
-
withholding
20 901
35 534
-
-
total
20 901
35 534
-
-
Income
192 000
192 000
192 000
192 000
Total tax
95 137
90 868
110 761
102 988
After tax
96 863
101 132
81 239
89 012
Living cost
37 380
37 380
37 380
37 380
Free-cash
59 483
63 752
43 859
51 632

Estimated living cost  is ₽37380 per week

₽26257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
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.
₽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

Source of data for Rome model

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