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
₽ 193000
per

Your estimated
City
free-cash

Dresden , Germany
₽91041
₽67933
₽67155
₽78168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
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.

-
-
-
61 612
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.

-
-
-
6 802
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.

-
-
-
3 388
trade
-
-
-
23 108
total
-
-
-
94 910
Employee

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

38 081
-
193 000
-
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.

1 064
-
61 612
-
surtax

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

59
-
3 388
-
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.

6 802
-
6 802
-
total
7 925
-
71 802
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
154 919
193 000
-
-
surtax

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

1 277
1 593
-
-
income
23 238
28 950
-
-
chamber of commerce
374
429
-
-
trade
24 400
30 397
-
-
total
49 289
61 369
-
-
Dividends
105 629
131 632
-
-
withholding
26 029
32 530
-
-
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.

1 432
1 789
-
-
total
27 461
34 319
-
-
Income
193 000
193 000
193 000
193 000
Total tax
84 675
95 688
71 802
94 910
After tax
108 325
97 312
121 198
98 090
Living cost
30 157
30 157
30 157
30 157
Free-cash
78 168
67 155
91 041
67 933

Estimated living cost  is ₽30157 per week

₽18970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60355
₽59319
₽66424
₽65525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
2 075
national
-
-
-
33 257
pensions
-
-
-
23 160
municipal
-
-
-
21 181
total
-
-
-
79 673
Employee
83 723
-
166 847
-
municipal
10 341
-
21 928
-
national
16 025
-
34 893
-
pensions
3 349
-
6 674
-
total
29 715
-
63 495
-
Employer
83 723
-
166 847
-
pensions
6 698
-
13 348
-
social contributions
900
-
1 794
-
total
7 598
-
15 142
-
Corporate
96 153
193 000
-
-
income

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

19 231
38 600
-
-
total
19 231
38 600
-
-
Dividends
76 923
154 400
-
-
withholding
16 923
33 968
-
-
total
16 923
33 968
-
-
Income
193 000
193 000
193 000
193 000
Total tax
73 467
72 568
78 637
79 673
After tax
119 533
120 432
114 363
113 327
Living cost
54 008
54 008
54 008
54 008
Free-cash
65 525
66 424
60 355
59 319

Estimated living cost  is ₽54008 per week

₽36709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽5020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽808
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61569
₽47399
₽133685
₽125519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
social contributions

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

-
-
-
38 147
income
-
-
-
37 524
microenterprise
-
-
-
-
surtax
-
-
-
49 216
total
-
-
-
124 887
Employee
29 093
-
148 121
-
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.

3 201
-
13 052
-
income
5 179
-
31 311
-
surtax
-
-
21 477
-
total
8 380
-
65 840
-
Employer
29 093
-
148 121
-
surtax
-
-
16 292
-
social contributions

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

7 008
-
28 585
-
total
7 008
-
44 877
-
Corporate
156 899
193 000
-
-
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%.

31 379
38 601
-
-
total
31 379
38 601
-
-
Dividends

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

125 519
154 399
-
-
total
-
-
-
-
Income
193 000
193 000
193 000
193 000
Total tax
46 767
38 601
110 717
124 887
After tax
146 233
154 399
82 283
68 113
Living cost
20 714
20 714
20 714
20 714
Free-cash
125 519
133 685
61 569
47 399

Estimated living cost  is ₽20714 per week

₽13215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80785
₽63618
₽54108
₽48009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
63 731
health
-
-
-
12 277
pensions
-
-
-
11 665
total
-
-
-
87 673
Employee
85 024
85 024
174 497
-
income

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

13 917
13 917
28 061
-
health
13 050
11 100
12 277
-
pensions
15 304
11 665
11 665
-
total
42 271
36 682
52 003
-
Employer
85 024
85 024
174 497
-
unemployment
3 061
3 061
3 803
-
pensions
5 918
5 918
7 356
-
health
5 910
5 910
7 344
-
total
14 889
14 889
18 503
-
Corporate
94 130
93 087
-
-
income
18 826
18 618
-
-
total
18 826
18 618
-
-
Dividends
75 304
74 469
-
-
withholding
11 295
11 170
-
-
income
16 001
15 824
-
-
total
27 296
26 994
-
-
Income
193 000
193 000
193 000
193 000
Total tax
103 282
97 183
70 506
87 673
After tax
89 718
95 817
122 494
105 327
Living cost
41 709
41 709
41 709
41 709
Free-cash
48 009
54 108
80 785
63 618

Estimated living cost  is ₽41709 per week

₽29558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽663
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57018
₽57992
₽65241
₽64341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
176
national
-
-
-
19 434
health
-
-
-
5 489
unemployment
-
-
-
88
other
-
-
-
10 222
pensions
-
-
-
9 509
municipal
-
-
-
49 953
total
-
-
-
94 871
Employee
57 192
-
165 361
-
municipal
17 055
-
49 311
-
national
-
-
18 895
-
total
17 055
-
68 206
-
Employer
57 192
-
165 361
-
other
6 646
-
10 222
-
unemployment
1 510
-
2 322
-
pensions
6 182
-
9 509
-
health
3 517
-
5 410
-
accident
114
-
176
-
total
17 969
-
27 639
-
Corporate
117 838
193 000
-
-
income
25 924
42 460
-
-
total
25 924
42 460
-
-
Dividends
91 914
150 540
-
-
withholding
27 574
45 162
-
-
total
27 574
45 162
-
-
Income
193 000
193 000
193 000
193 000
Total tax
88 522
87 622
95 845
94 871
After tax
104 478
105 378
97 155
98 129
Living cost
40 137
40 137
40 137
40 137
Free-cash
64 341
65 241
57 018
57 992

Estimated living cost  is ₽40137 per week

₽26601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽610
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82085
₽57951
₽57209
₽71199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
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.

-
-
-
61 612
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.

-
-
-
6 802
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.

-
-
-
3 388
trade
-
-
-
24 134
total
-
-
-
95 936
Employee

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

50 491
-
193 000
-
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.

4 338
-
61 612
-
surtax

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

238
-
3 388
-
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.

6 802
-
6 802
-
total
11 378
-
71 802
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
142 509
193 000
-
-
surtax

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

1 175
1 593
-
-
income
21 377
28 950
-
-
chamber of commerce
353
425
-
-
trade
23 442
31 748
-
-
total
46 347
62 716
-
-
Dividends
96 161
130 284
-
-
withholding
23 661
32 192
-
-
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.

1 302
1 770
-
-
total
24 963
33 962
-
-
Income
193 000
193 000
193 000
193 000
Total tax
82 688
96 678
71 802
95 936
After tax
110 312
96 322
121 198
97 064
Living cost
39 113
39 113
39 113
39 113
Free-cash
71 199
57 209
82 085
57 951

Estimated living cost  is ₽39113 per week

₽26159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97090
₽98739
₽108445
₽104316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
16 109
income
-
-
-
40 936
health
-
-
-
4 922
total
-
-
-
61 967
Employee
76 560
76 560
181 080
-
social contributions
3 720
6 354
8 570
-
income
8 039
7 087
40 048
-
health
761
1 302
3 078
-
total
12 520
14 743
51 696
-
Employer
76 560
76 560
181 080
-
health
829
1 417
3 350
-
social contributions
3 720
6 354
8 570
-
total
4 549
7 771
11 920
-
Corporate
143 635
108 669
-
-
income
17 955
13 583
-
-
total
17 955
13 583
-
-
Dividends
125 680
95 086
-
-
withholding
21 366
16 164
-
-
total
21 366
16 164
-
-
Income
193 000
193 000
193 000
193 000
Total tax
56 390
52 261
63 616
61 967
After tax
136 610
140 739
129 384
131 033
Living cost
32 294
32 294
32 294
32 294
Free-cash
104 316
108 445
97 090
98 739

Estimated living cost  is ₽32294 per week

₽22076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92308
₽114126
₽88835
₽89244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
23 594
health
-
-
-
13 510
unemployment
-
-
-
2 895
pensions
-
-
-
19 300
total
-
-
-
59 299
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.

28 257
11 246
161 506
-
income
3 454
1 375
19 744
-
health
1 978
787
11 305
-
pensions
2 826
1 125
16 151
-
unemployment
424
169
2 423
-
total
8 682
3 456
49 623
-
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.

28 257
11 246
161 506
-
pensions
5 510
2 193
31 494
-
total
5 510
2 193
31 494
-
Corporate
159 232
179 561
-
-
income
14 331
16 160
-
-
total
14 331
16 160
-
-
Dividends
144 901
163 400
-
-
withholding
27 531
31 046
-
-
social contributions
28 127
31 735
-
-
total
55 658
62 781
-
-
Income
193 000
193 000
193 000
193 000
Total tax
84 181
84 590
81 117
59 299
After tax
108 819
108 410
111 883
133 701
Living cost
19 575
19 575
19 575
19 575
Free-cash
89 244
88 835
92 308
114 126

Estimated living cost  is ₽19575 per week

₽13358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87194
₽79399
₽130351
₽124167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
25 862
health
-
-
-
25 090
pensions
-
-
-
38 601
total
-
-
-
89 553
Employee
28 245
-
144 244
-
income
3 180
-
27 810
-
pensions
565
-
2 885
-
unemployment
452
-
2 307
-
total
4 197
-
33 002
-
Employer
28 245
-
144 244
-
unemployment
227
-
1 154
-
pensions
5 649
-
28 850
-
health
3 671
-
18 752
-
total
9 547
-
48 756
-
Corporate
155 208
193 000
-
-
income
31 041
38 601
-
-
total
31 041
38 601
-
-
Dividends
124 167
154 399
-
-
total
-
-
-
-
Income
193 000
193 000
193 000
193 000
Total tax
44 785
38 601
81 758
89 553
After tax
148 215
154 399
111 242
103 447
Living cost
24 048
24 048
24 048
24 048
Free-cash
124 167
130 351
87 194
79 399

Estimated living cost  is ₽24048 per week

₽16495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83607
₽110011
-₽6226
₽12280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
251
income
-
-
-
54 210
health
-
-
-
2 167
other
-
-
-
368
pensions
-
-
-
4 134
total
-
-
-
61 130
Employee
34 385
-
174 850
-
income
4 717
-
41 784
-
health
3 937
-
20 020
-
pensions
3 872
-
7 580
-
total
12 526
-
69 384
-
Employer
34 385
-
174 850
-
unemployment
842
-
4 284
-
pensions
5 591
-
10 946
-
accident
574
-
2 920
-
total
7 007
-
18 150
-
Corporate
151 608
193 000
-
-
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.

136 447
173 700
-
-
total
136 447
173 700
-
-
Dividends
15 161
19 300
-
-
withholding
2 881
3 667
-
-
total
2 881
3 667
-
-
Income
193 000
193 000
193 000
193 000
Total tax
158 861
177 367
87 534
61 130
After tax
34 139
15 633
105 466
131 870
Living cost
21 859
21 859
21 859
21 859
Free-cash
12 280
-6 226
83 607
110 011

Estimated living cost  is ₽21859 per week

₽16021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1211
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.
₽4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145922
₽182592
₽174872
₽173283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
193 000
microenterprise

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

-
-
-
1 930
total
-
-
-
1 930
Employee
10 597
-
193 000
-
income
2 119
-
38 600
-
total
2 119
-
38 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

182 403
193 000
-
-
total
-
-
-
-
Dividends
182 403
193 000
-
-
withholding
9 120
9 650
-
-
total
9 120
9 650
-
-
Income
193 000
193 000
193 000
193 000
Total tax
11 239
9 650
38 600
1 930
After tax
181 761
183 350
154 400
191 070
Living cost
8 478
8 478
8 478
8 478
Free-cash
173 283
174 872
145 922
182 592

Estimated living cost  is ₽8478 per week

₽5254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83124
₽84791
₽115267
₽108545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
31 489
health
-
-
-
6 662
other
-
-
-
7 191
pensions

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

-
-
-
36 337
total
-
-
-
81 679
Employee
36 151
-
154 819
-
income
6 224
-
30 934
-
health
506
-
2 120
-
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.

2 530
-
10 598
-
unemployment
361
-
1 513
-
total
9 621
-
45 165
-
Employer
36 151
-
154 819
-
other
1 808
-
7 569
-
unemployment
361
-
1 513
-
pensions

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

6 146
-
25 740
-
health
506
-
2 120
-
accident
289
-
1 239
-
total
9 110
-
38 181
-
Corporate
147 738
193 000
-
-
income
31 024
40 530
-
-
total
31 024
40 530
-
-
Dividends
116 714
152 470
-
-
withholding
8 170
10 673
-
-
total
8 170
10 673
-
-
Income
193 000
193 000
193 000
193 000
Total tax
57 925
51 203
83 346
81 679
After tax
135 075
141 797
109 654
111 321
Living cost
26 530
26 530
26 530
26 530
Free-cash
108 545
115 267
83 124
84 791

Estimated living cost  is ₽26530 per week

₽18745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1791
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42516
₽59891
₽57687
₽64073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 968
pensions
-
-
-
9 329
total
-
-
-
66 297
Employee
94 529
-
168 438
-
income
17 040
-
45 384
-
health
1 558
-
2 377
-
pensions
9 119
-
11 349
-
total
27 717
-
59 110
-
Employer
94 529
-
168 438
-
pensions
11 161
-
21 361
-
health
1 795
-
3 201
-
total
12 956
-
24 562
-
Corporate
85 514
193 000
-
-
income

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

16 248
36 669
-
-
total
16 248
36 669
-
-
Dividends
69 266
156 331
-
-
withholding
5 194
31 832
-
-
total
5 194
31 832
-
-
Income
193 000
193 000
193 000
193 000
Total tax
62 115
68 501
83 672
66 297
After tax
130 885
124 499
109 328
126 703
Living cost
66 812
66 812
66 812
66 812
Free-cash
64 073
57 687
42 516
59 891

Estimated living cost  is ₽66812 per week

₽50064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7850
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.
₽8356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽149694
₽141918
₽152082
₽147499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
28 950
health
-
-
-
3 962
unemployment
-
-
-
138
pensions

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

-
-
-
5 099
total
-
-
-
38 149
Employee
17 125
-
186 240
-
income
1 712
-
18 624
-
accident

We are using the highest rate at 1.1%.

189
-
379
-
health
788
-
1 585
-
pensions

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

1 504
-
3 025
-
total
4 193
-
23 613
-
Employer
17 125
-
186 240
-
unemployment
102
-
207
-
pensions

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

1 887
-
3 797
-
health
1 182
-
2 377
-
accident

We are using the highest rate at 1.1%.

189
-
379
-
total
3 360
-
6 760
-
Corporate
172 515
193 000
-
-
income
17 252
19 300
-
-
total
17 252
19 300
-
-
Dividends
155 263
173 700
-
-
withholding
7 763
8 685
-
-
total
7 763
8 685
-
-
Income
193 000
193 000
193 000
193 000
Total tax
32 568
27 985
30 373
38 149
After tax
160 432
165 015
162 627
154 851
Living cost
12 933
12 933
12 933
12 933
Free-cash
147 499
152 082
149 694
141 918

Estimated living cost  is ₽12933 per week

₽7550
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.
₽343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₽67284
₽50117
₽40607
₽43110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
63 731
health
-
-
-
12 277
pensions
-
-
-
11 665
total
-
-
-
87 673
Employee
92 309
85 024
174 497
-
income

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

13 917
13 917
28 061
-
health
11 516
11 100
12 277
-
pensions
11 665
11 665
11 665
-
total
37 098
36 682
52 003
-
Employer
92 309
85 024
174 497
-
unemployment
3 323
3 061
3 803
-
pensions
6 424
5 918
7 356
-
health
6 415
5 910
7 344
-
total
16 162
14 889
18 503
-
Corporate
84 529
93 087
-
-
income
16 907
18 618
-
-
total
16 907
18 618
-
-
Dividends
67 623
74 469
-
-
withholding
10 144
11 170
-
-
income
14 369
15 824
-
-
total
24 513
26 994
-
-
Income
193 000
193 000
193 000
193 000
Total tax
94 680
97 183
70 506
87 673
After tax
98 320
95 817
122 494
105 327
Living cost
55 210
55 210
55 210
55 210
Free-cash
43 110
40 607
67 284
50 117

Estimated living cost  is ₽55210 per week

₽40726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77992
₽86109
₽108064
₽99212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
35 709
income
-
-
-
19 685
health
-
-
-
26 055
solidarity contribution
-
-
-
626
total
-
-
-
82 075
Employee
36 494
-
149 016
-
social contributions
2 372
-
7 949
-
income
4 379
-
18 142
-
health
4 927
-
20 117
-
solidarity contribution
-
-
-
-
total
11 678
-
46 208
-
Employer
36 494
-
149 016
-
health
3 284
-
13 411
-
social contributions
9 123
-
30 573
-
total
12 407
-
43 984
-
Corporate
144 098
193 000
-
-
income
27 379
36 670
-
-
total
27 379
36 670
-
-
Dividends
116 719
156 330
-
-
withholding
17 508
23 450
-
-
total
17 508
23 450
-
-
Income
193 000
193 000
193 000
193 000
Total tax
68 972
60 120
90 192
82 075
After tax
124 028
132 880
102 808
110 925
Living cost
24 816
24 816
24 816
24 816
Free-cash
99 212
108 064
77 992
86 109

Estimated living cost  is ₽24816 per week

₽17237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40476
₽49164
₽60961
₽55762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
49 639
national
-
-
-
48 741
regional
-
-
-
2 296
municipal
-
-
-
1 147
total
-
-
-
101 823
Employee
88 487
-
193 000
-
social contributions
29 838
-
65 079
-
municipal
469
-
1 024
-
regional
835
-
2 030
-
national
15 333
-
42 378
-
total
46 475
-
110 511
-
Employer
88 487
-
193 000
-
total
-
-
-
-
Corporate
104 513
193 000
-
-
nationa
25 084
46 319
-
-
municipal
4 075
7 527
-
-
total
29 159
53 846
-
-
Dividends
75 354
139 153
-
-
withholding
19 591
36 180
-
-
total
19 591
36 180
-
-
Income
193 000
193 000
193 000
193 000
Total tax
95 225
90 026
110 511
101 823
After tax
97 775
102 974
82 489
91 177
Living cost
42 013
42 013
42 013
42 013
Free-cash
55 762
60 961
40 476
49 164

Estimated living cost  is ₽42013 per week

₽29286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2755
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽644
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9326
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63040
₽69127
₽99429
₽96327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 562
health
-
-
-
9 434
unemployment
-
-
-
227
other
-
-
-
-
pensions
-
-
-
26 577
surtax
-
-
-
9 103
total
-
-
-
101 903
Employee
32 925
-
165 029
-
income
5 519
-
50 606
-
surtax
108
-
7 913
-
health
841
-
3 388
-
pensions
2 196
-
8 863
-
unemployment
2 292
-
9 249
-
other
-
-
-
-
total
10 956
-
80 019
-
Employer
32 925
-
165 029
-
other
-
-
-
-
unemployment
1 043
-
4 212
-
pensions
4 389
-
17 713
-
health
1 498
-
6 046
-
total
6 930
-
27 971
-
Corporate
153 144
193 000
-
-
income
39 818
50 179
-
-
total
39 818
50 179
-
-
Dividends
113 327
142 821
-
-
withholding
16 999
21 422
-
-
total
16 999
21 422
-
-
Income
193 000
193 000
193 000
193 000
Total tax
74 703
71 601
107 990
101 903
After tax
118 297
121 399
85 010
91 097
Living cost
21 970
21 970
21 970
21 970
Free-cash
96 327
99 429
63 040
69 127

Estimated living cost  is ₽21970 per week

₽13434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63684
₽81059
₽78855
₽85455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 968
pensions
-
-
-
9 329
total
-
-
-
66 297
Employee
63 351
-
168 438
-
income
11 410
-
45 384
-
health
920
-
2 377
-
pensions
5 377
-
11 349
-
total
17 707
-
59 110
-
Employer
63 351
-
168 438
-
pensions
6 858
-
21 361
-
health
1 203
-
3 201
-
total
8 061
-
24 562
-
Corporate
121 588
193 000
-
-
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.

23 101
36 669
-
-
total
23 101
36 669
-
-
Dividends
98 486
156 331
-
-
withholding
13 032
31 832
-
-
total
13 032
31 832
-
-
Income
193 000
193 000
193 000
193 000
Total tax
61 901
68 501
83 672
66 297
After tax
131 099
124 499
109 328
126 703
Living cost
45 644
45 644
45 644
45 644
Free-cash
85 455
78 855
63 684
81 059

Estimated living cost  is ₽45644 per week

₽34196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3421
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.
₽7549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽68530
₽77048
₽10154
₽43568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
city
-
-
-
2 034
health
-
-
-
433
national
-
-
-
3 809
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.

-
-
-
3 859
pensions
-
-
-
17 756
regional
-
-
-
9 961
total
-
-
-
37 852
Employee
91 397
-
172 845
-
regional
2 993
-
8 629
-
health
207
-
389
-
national
433
-
2 834
-
pensions
7 679
-
14 408
-
unemployment
-
-
-
-
city
981
-
1 857
-
total
12 293
-
28 117
-
Employer
91 397
-
172 845
-
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.

1 827
-
3 456
-
unemployment
-
-
-
-
pensions
7 679
-
14 408
-
health
207
-
389
-
total
9 713
-
18 253
-
Corporate
90 885
193 000
-
-
regional
19 223
40 820
-
-
national
7 725
16 404
-
-
total
26 948
57 224
-
-
Dividends
63 938
135 776
-
-
withholding
22 378
47 522
-
-
total
22 378
47 522
-
-
Income
193 000
193 000
193 000
193 000
Total tax
71 332
104 746
46 370
37 852
After tax
121 668
88 254
146 630
155 148
Living cost
78 100
78 100
78 100
78 100
Free-cash
43 568
10 154
68 530
77 048

Estimated living cost  is ₽78100 per week

₽50787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽959
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽75587
₽50426
₽49717
₽65863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
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.

-
-
-
61 612
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.

-
-
-
6 802
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.

-
-
-
3 388
trade
-
-
-
25 161
total
-
-
-
96 963
Employee

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

59 836
-
193 000
-
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.

7 036
-
61 612
-
surtax

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

387
-
3 388
-
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.

6 802
-
6 802
-
total
14 225
-
71 802
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
133 164
193 000
-
-
surtax

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

1 098
1 593
-
-
income
19 975
28 950
-
-
chamber of commerce
338
423
-
-
trade
22 837
33 099
-
-
total
44 248
64 065
-
-
Dividends
88 915
128 935
-
-
withholding
21 851
31 856
-
-
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.

1 202
1 751
-
-
total
23 053
33 607
-
-
Income
193 000
193 000
193 000
193 000
Total tax
81 526
97 672
71 802
96 963
After tax
111 474
95 328
121 198
96 037
Living cost
45 611
45 611
45 611
45 611
Free-cash
65 863
49 717
75 587
50 426

Estimated living cost  is ₽45611 per week

₽33312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69995
₽74231
₽63209
₽69089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
5 500
income
-
-
-
31 776
health
-
-
-
8 710
other
-
-
-
5 984
pensions
-
-
-
32 735
surtax
-
-
-
-
total
-
-
-
84 705
Employee
42 612
-
148 568
-
social contributions
1 215
-
4 232
-
income
2 515
-
29 610
-
surtax
-
-
-
-
pensions
4 818
-
10 666
-
total
8 548
-
44 508
-
Employer
42 612
-
148 568
-
other
1 470
-
5 937
-
unemployment
1 725
-
6 018
-
pensions
7 000
-
17 892
-
health
2 983
-
14 140
-
social contributions
128
-
446
-
total
13 306
-
44 433
-
Corporate
137 081
193 000
-
-
surtax
-
-
-
-
income
38 384
54 039
-
-
total
38 384
54 039
-
-
Dividends
98 697
138 961
-
-
withholding
12 633
17 787
-
-
surtax
-
-
-
-
social contributions
16 976
23 901
-
-
total
29 609
41 688
-
-
Income
193 000
193 000
193 000
193 000
Total tax
89 847
95 727
88 941
84 705
After tax
103 153
97 273
104 059
108 295
Living cost
34 064
34 064
34 064
34 064
Free-cash
69 089
63 209
69 995
74 231

Estimated living cost  is ₽34064 per week

₽21479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73370
₽77606
₽66584
₽72117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
5 500
income
-
-
-
31 776
health
-
-
-
8 710
other
-
-
-
5 984
pensions
-
-
-
32 735
surtax
-
-
-
-
total
-
-
-
84 705
Employee
38 037
-
148 568
-
social contributions
1 085
-
4 232
-
income
1 961
-
29 610
-
surtax
-
-
-
-
pensions
4 302
-
10 666
-
total
7 348
-
44 508
-
Employer
38 037
-
148 568
-
other
1 313
-
5 937
-
unemployment
1 540
-
6 018
-
pensions
6 250
-
17 892
-
health
2 662
-
14 140
-
social contributions
113
-
446
-
total
11 878
-
44 433
-
Corporate
143 084
193 000
-
-
surtax
-
-
-
-
income
40 063
54 039
-
-
total
40 063
54 039
-
-
Dividends
103 021
138 961
-
-
withholding
13 186
17 787
-
-
surtax
-
-
-
-
social contributions
17 719
23 901
-
-
total
30 905
41 688
-
-
Income
193 000
193 000
193 000
193 000
Total tax
90 194
95 727
88 941
84 705
After tax
102 806
97 273
104 059
108 295
Living cost
30 689
30 689
30 689
30 689
Free-cash
72 117
66 584
73 370
77 606

Estimated living cost  is ₽30689 per week

₽17798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98335
₽102833
₽96637
₽97153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
26 633
income
-
-
-
28 950
health
-
-
-
13 472
total
-
-
-
69 055
Employee
33 758
-
193 000
-
social contributions
4 659
-
26 633
-
income
5 630
-
33 448
-
health
2 356
-
13 472
-
total
12 645
-
73 553
-
Employer
33 758
-
193 000
-
total
-
-
-
-
Corporate
159 242
193 000
-
-
income

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

7 962
9 649
-
-
total
7 962
9 649
-
-
Dividends
151 280
183 351
-
-
health
10 560
12 797
-
-
withholding
22 692
27 502
-
-
social contributions
20 876
25 303
-
-
total
54 128
65 602
-
-
Income
193 000
193 000
193 000
193 000
Total tax
74 735
75 251
73 553
69 055
After tax
118 265
117 749
119 447
123 945
Living cost
21 112
21 112
21 112
21 112
Free-cash
97 153
96 637
98 335
102 833

Estimated living cost  is ₽21112 per week

₽14129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1302
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15841
₽64020
₽71535
₽69995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 405
health
-
-
-
8 897
unemployment
-
-
-
6 107
pensions
-
-
-
21 519
surtax
-
-
-
196
chamber of commerce
-
-
-
773
total
-
-
-
93 897
Employee
49 758
39 678
156 404
-
income
5 664
2 927
46 257
-
health
1 925
1 536
4 501
-
pensions
5 096
4 062
11 911
-
unemployment
1 493
1 190
3 490
-
other
497
397
1 164
-
total
14 675
10 112
67 323
-
Employer
49 758
39 678
156 404
-
other
2 364
1 884
7 087
-
surtax
196
196
196
-
unemployment
1 493
1 190
3 490
-
pensions
6 245
4 981
14 598
-
payroll
1 493
1 190
4 691
-
health
1 880
1 500
4 397
-
accident
646
516
1 512
-
chamber of commerce
198
159
625
-
total
14 515
11 616
36 596
-
Corporate
128 728
141 706
152 625
-
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.

32 182
35 427
38 157
-
total
32 182
35 427
38 157
-
Dividends
96 545
106 279
-
-
withholding
26 550
29 227
-
-
total
26 550
29 227
-
-
Income
193 000
193 000
193 000
193 000
Total tax
87 922
86 382
142 076
93 897
After tax
105 078
106 618
50 924
99 103
Living cost
35 083
35 083
35 083
35 083
Free-cash
69 995
71 535
15 841
64 020

Estimated living cost  is ₽35083 per week

₽23399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30664
₽47484
₽71341
₽56667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
24 823
national
-
-
-
74 300
communal

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

-
-
-
10 091
total
-
-
-
109 214
Employee

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

71 219
-
149 487
-
communal

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

3 715
-
7 798
-
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.

3 346
-
7 027
-
national
21 896
-
55 184
-
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.

5 341
-
11 212
-
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.

620
-
1 300
-
total
34 918
-
82 521
-
Employer

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

71 219
-
149 487
-
surtax
8 075
-
16 952
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 039
-
2 182
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6 311
-
13 245
-
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.

4 380
-
9 192
-
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.

926
-
1 942
-
total
20 731
-
43 513
-
Corporate
101 050
193 000
-
-
surtax
404
778
-
-
income
20 209
38 965
-
-
total
20 613
39 743
-
-
Dividends
80 437
153 256
-
-
withholding

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

23 769
45 614
-
-
total
23 769
45 614
-
-
Income
193 000
193 000
193 000
193 000
Total tax
100 031
85 357
126 034
109 214
After tax
92 969
107 643
66 966
83 786
Living cost
36 302
36 302
36 302
36 302
Free-cash
56 667
71 341
30 664
47 484

Estimated living cost  is ₽36302 per week

₽23383
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3174
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.
₽9177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67979
₽72156
₽92477
₽85658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
831
income
-
-
-
57 201
unemployment
-
-
-
646
other
-
-
-
93
pensions
-
-
-
26 116
total
-
-
-
84 887
Employee
49 561
-
163 580
-
income
10 457
-
53 783
-
pensions
2 330
-
4 338
-
unemployment
769
-
1 430
-
other
49
-
93
-
total
13 605
-
59 644
-
Employer
49 561
-
163 580
-
other
395
-
739
-
unemployment
2 726
-
5 075
-
pensions
11 696
-
21 779
-
accident
981
-
1 827
-
total
15 798
-
29 420
-
Corporate
127 642
193 000
-
-
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.

19 145
28 950
-
-
total
19 145
28 950
-
-
Dividends
108 496
164 050
-
-
withholding
22 837
35 616
-
-
total
22 837
35 616
-
-
Income
193 000
193 000
193 000
193 000
Total tax
71 385
64 566
89 064
84 887
After tax
121 615
128 434
103 936
108 113
Living cost
35 957
35 957
35 957
35 957
Free-cash
85 658
92 477
67 979
72 156

Estimated living cost  is ₽35957 per week

₽26478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽47034
₽39340
₽57491
₽44215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
1 627
income
-
-
-
33 671
health
-
-
-
13 560
communal
-
-
-
12 198
pensions
-
-
-
28 929
surtax
-
-
-
9 568
total
-
-
-
99 553
Employee
75 399
-
172 398
-
income
7 283
-
39 227
-
surtax
4 622
-
10 566
-
health
3 356
-
7 671
-
pensions
6 031
-
13 793
-
total
21 292
-
71 257
-
Employer
75 399
-
172 398
-
pensions
6 031
-
13 793
-
health
2 299
-
5 258
-
accident
678
-
1 551
-
total
9 008
-
20 602
-
Corporate
108 592
193 000
-
-
surtax
1 139
2 027
-
-
income
16 289
28 950
-
-
communal
7 329
13 028
-
-
total
24 757
44 005
-
-
Dividends
83 835
148 995
-
-
withholding
12 576
22 350
-
-
income
27 045
15 047
-
-
total
39 621
37 397
-
-
Income
193 000
193 000
193 000
193 000
Total tax
94 678
81 402
91 859
99 553
After tax
98 322
111 598
101 141
93 447
Living cost
54 107
54 107
54 107
54 107
Free-cash
44 215
57 491
47 034
39 340

Estimated living cost  is ₽54107 per week

₽40589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62647
₽68734
₽99036
₽95867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 562
health
-
-
-
9 434
unemployment
-
-
-
227
other
-
-
-
-
pensions
-
-
-
26 577
surtax
-
-
-
9 103
total
-
-
-
101 903
Employee
33 530
-
165 029
-
income
5 621
-
50 606
-
surtax
119
-
7 913
-
health
856
-
3 388
-
pensions
2 237
-
8 863
-
unemployment
2 333
-
9 249
-
other
-
-
-
-
total
11 166
-
80 019
-
Employer
33 530
-
165 029
-
other
-
-
-
-
unemployment
1 064
-
4 212
-
pensions
4 470
-
17 713
-
health
1 525
-
6 046
-
total
7 059
-
27 971
-
Corporate
152 411
193 000
-
-
income
39 627
50 179
-
-
total
39 627
50 179
-
-
Dividends
112 785
142 821
-
-
withholding
16 918
21 422
-
-
total
16 918
21 422
-
-
Income
193 000
193 000
193 000
193 000
Total tax
74 770
71 601
107 990
101 903
After tax
118 230
121 399
85 010
91 097
Living cost
22 363
22 363
22 363
22 363
Free-cash
95 867
99 036
62 647
68 734

Estimated living cost  is ₽22363 per week

₽13502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55102
₽63742
₽74624
₽72415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
49 639
national
-
-
-
48 741
regional
-
-
-
2 911
municipal
-
-
-
1 147
total
-
-
-
102 438
Employee
55 230
-
193 000
-
social contributions
18 624
-
65 079
-
municipal
293
-
1 024
-
regional
743
-
2 597
-
national
8 750
-
42 378
-
total
28 410
-
111 078
-
Employer
55 230
-
193 000
-
total
-
-
-
-
Corporate
137 770
193 000
-
-
nationa
33 065
46 319
-
-
municipal
6 847
9 593
-
-
total
39 912
55 912
-
-
Dividends
97 858
137 088
-
-
withholding
25 443
35 644
-
-
total
25 443
35 644
-
-
Income
193 000
193 000
193 000
193 000
Total tax
93 765
91 556
111 078
102 438
After tax
99 235
101 444
81 922
90 562
Living cost
26 820
26 820
26 820
26 820
Free-cash
72 415
74 624
55 102
63 742

Estimated living cost  is ₽26820 per week

₽16680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72228
₽80345
₽102300
₽91391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
35 709
income
-
-
-
19 685
health
-
-
-
26 055
solidarity contribution
-
-
-
626
total
-
-
-
82 075
Employee
44 970
-
149 016
-
social contributions
2 923
-
7 949
-
income
5 396
-
18 142
-
health
6 071
-
20 117
-
solidarity contribution
-
-
-
-
total
14 390
-
46 208
-
Employer
44 970
-
149 016
-
health
4 047
-
13 411
-
social contributions
11 243
-
30 573
-
total
15 290
-
43 984
-
Corporate
132 740
193 000
-
-
income
25 221
36 670
-
-
total
25 221
36 670
-
-
Dividends
107 520
156 330
-
-
withholding
16 128
23 450
-
-
total
16 128
23 450
-
-
Income
193 000
193 000
193 000
193 000
Total tax
71 029
60 120
90 192
82 075
After tax
121 971
132 880
102 808
110 925
Living cost
30 580
30 580
30 580
30 580
Free-cash
91 391
102 300
72 228
80 345

Estimated living cost  is ₽30580 per week

₽22741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19209
₽67534
₽74960
₽74466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 405
health
-
-
-
8 897
unemployment
-
-
-
6 107
pensions
-
-
-
21 519
surtax
-
-
-
-
chamber of commerce
-
-
-
773
total
-
-
-
93 701
Employee
43 522
39 678
156 585
-
income
3 877
2 927
46 344
-
health
1 683
1 536
4 501
-
pensions
4 457
4 062
11 911
-
unemployment
1 306
1 190
3 490
-
other
435
397
1 164
-
total
11 758
10 112
67 410
-
Employer
43 522
39 678
156 585
-
other
2 067
1 884
7 095
-
surtax
-
-
-
-
unemployment
1 306
1 190
3 490
-
pensions
5 462
4 981
14 598
-
payroll
1 306
1 190
4 697
-
health
1 646
1 500
4 397
-
accident
565
516
1 512
-
chamber of commerce
174
159
625
-
total
12 526
11 420
36 414
-
Corporate
136 953
141 903
152 808
-
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.

34 238
35 476
38 202
-
total
34 238
35 476
38 202
-
Dividends
102 714
106 427
-
-
withholding
28 247
29 267
-
-
total
28 247
29 267
-
-
Income
193 000
193 000
193 000
193 000
Total tax
86 769
86 275
142 026
93 701
After tax
106 231
106 725
50 974
99 299
Living cost
31 765
31 765
31 765
31 765
Free-cash
74 466
74 960
19 209
67 534

Estimated living cost  is ₽31765 per week

₽19055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141189
₽177859
₽170139
₽167661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
193 000
microenterprise

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

-
-
-
1 930
total
-
-
-
1 930
Employee
16 514
-
193 000
-
income
3 303
-
38 600
-
total
3 303
-
38 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

176 486
193 000
-
-
total
-
-
-
-
Dividends
176 486
193 000
-
-
withholding
8 825
9 650
-
-
total
8 825
9 650
-
-
Income
193 000
193 000
193 000
193 000
Total tax
12 128
9 650
38 600
1 930
After tax
180 872
183 350
154 400
191 070
Living cost
13 211
13 211
13 211
13 211
Free-cash
167 661
170 139
141 189
177 859

Estimated living cost  is ₽13211 per week

₽8940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽555
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.
₽3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61552
₽66168
₽106175
₽97849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
income
-
-
-
45 600
health
-
-
-
18 991
unemployment
-
-
-
289
pensions
-
-
-
35 247
total
-
-
-
100 127
Employee

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

44 028
-
167 000
-
income
7 592
-
41 837
-
health
2 844
-
10 787
-
pensions
6 825
-
25 885
-
unemployment
62
-
234
-
total
17 323
-
78 743
-
Employer

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

44 028
-
167 000
-
unemployment
26
-
100
-
pensions
3 896
-
14 779
-
health
2 932
-
11 121
-
total
6 854
-
26 000
-
Corporate
142 118
193 000
-
-
income
27 002
36 670
-
-
total
27 002
36 670
-
-
Dividends
115 116
156 330
-
-
withholding
17 267
23 450
-
-
total
17 267
23 450
-
-
Income
193 000
193 000
193 000
193 000
Total tax
68 446
60 120
104 743
100 127
After tax
124 554
132 880
88 257
92 873
Living cost
26 705
26 705
26 705
26 705
Free-cash
97 849
106 175
61 552
66 168

Estimated living cost  is ₽26705 per week

₽18327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131541
₽86279
₽70322
₽18399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
22 002
income
-
-
-
37 620
total
-
-
-
59 622
Employee
67 534
-
-
-
social contributions
5 538
-
789
-
income
14 897
-
-
-
total
20 435
-
789
-
Employer
67 534
-
-
-
social contributions
95 223
-
13 571
-
total
95 223
-
13 571
-
Corporate
30 243
193 000
-
-
income
6 654
42 460
-
-
total
6 654
42 460
-
-
Dividends
23 590
150 540
-
-
income
5 190
33 119
-
-
total
5 190
33 119
-
-
Income
193 000
193 000
193 000
193 000
Total tax
127 502
75 579
14 360
59 622
After tax
65 498
117 421
178 640
133 378
Living cost
47 099
47 099
47 099
47 099
Free-cash
18 399
70 322
131 541
86 279

Estimated living cost  is ₽47099 per week

₽30560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽600
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56366
₽71001
₽78549
₽77546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
social contributions

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

-
-
-
67 067
income
-
-
-
23 702
surtax
-
-
-
-
total
-
-
-
90 769
Employee
45 792
-
155 960
-
social contributions
5 037
-
17 156
-
income
9 525
-
51 208
-
surtax
-
-
-
-
total
14 562
-
68 364
-
Employer
45 792
-
155 960
-
social contributions
10 875
-
37 040
-
total
10 875
-
37 040
-
Corporate
136 333
193 000
-
-
surtax
-
-
-
-
income
28 630
40 530
-
-
total
28 630
40 530
-
-
Dividends
107 702
152 470
-
-
withholding
30 157
42 691
-
-
total
30 157
42 691
-
-
Income
193 000
193 000
193 000
193 000
Total tax
84 224
83 221
105 404
90 769
After tax
108 776
109 779
87 596
102 231
Living cost
31 230
31 230
31 230
31 230
Free-cash
77 546
78 549
56 366
71 001

Estimated living cost  is ₽31230 per week

₽23366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₽55971
₽60207
₽49185
₽56030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
5 500
income
-
-
-
31 776
health
-
-
-
8 710
other
-
-
-
5 984
pensions
-
-
-
32 735
surtax
-
-
-
-
total
-
-
-
84 705
Employee
62 359
-
148 568
-
social contributions
1 776
-
4 232
-
income
5 441
-
29 610
-
surtax
-
-
-
-
pensions
7 053
-
10 666
-
total
14 270
-
44 508
-
Employer
62 359
-
148 568
-
other
2 152
-
5 937
-
unemployment
2 526
-
6 018
-
pensions
10 246
-
17 892
-
health
4 365
-
14 140
-
social contributions
187
-
446
-
total
19 476
-
44 433
-
Corporate
111 165
193 000
-
-
surtax
-
-
-
-
income
31 126
54 039
-
-
total
31 126
54 039
-
-
Dividends
80 039
138 961
-
-
withholding
10 244
17 787
-
-
surtax
-
-
-
-
social contributions
13 766
23 901
-
-
total
24 010
41 688
-
-
Income
193 000
193 000
193 000
193 000
Total tax
88 882
95 727
88 941
84 705
After tax
104 118
97 273
104 059
108 295
Living cost
48 088
48 088
48 088
48 088
Free-cash
56 030
49 185
55 971
60 207

Estimated living cost  is ₽48088 per week

₽32545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽659
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116734
₽111603
₽143771
₽140426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
9 007
social contributions
-
-
-
42 461
total
-
-
-
51 468
Employee
32 009
-
167 100
-
social contributions
2 080
-
10 860
-
income
-
-
9 577
-
total
2 080
-
20 437
-
Employer
32 009
-
167 100
-
social contributions
4 962
-
25 900
-
total
4 962
-
25 900
-
Corporate
156 030
193 000
-
-
income
15 603
19 300
-
-
total
15 603
19 300
-
-
Dividends
140 427
173 700
-
-
total
-
-
-
-
Income
193 000
193 000
193 000
193 000
Total tax
22 645
19 300
46 337
51 468
After tax
170 355
173 700
146 663
141 532
Living cost
29 929
29 929
29 929
29 929
Free-cash
140 426
143 771
116 734
111 603

Estimated living cost  is ₽29929 per week

₽19351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽23524
₽64930
-₽23524
-₽23524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
national
-
-
-
23 241
pensions
-
-
-
861
labour market
-
-
-
15 371
municipal
-
-
-
40 736
total
-
-
-
80 209
Employee
202 010
202 010
202 010
-
municipal
43 017
43 017
43 017
-
national
24 679
24 679
24 679
-
pensions
287
287
287
-
labour market
16 138
16 138
16 138
-
total
84 121
84 121
84 121
-
Employer
202 010
202 010
202 010
-
national
24 722
24 722
24 722
-
pensions
574
574
574
-
labour market
16 161
16 161
16 161
-
municipal
43 085
43 085
43 085
-
total
84 542
84 542
84 542
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
193 000
193 000
193 000
193 000
Total tax
168 663
168 663
168 663
80 209
After tax
24 337
24 337
24 337
112 791
Living cost
47 861
47 861
47 861
47 861
Free-cash
-23 524
-23 524
-23 524
64 930

Estimated living cost  is ₽47861 per week

₽32757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4234
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽736
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83930
₽110334
-₽5903
₽12330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
251
income
-
-
-
54 210
health
-
-
-
2 167
other
-
-
-
368
pensions
-
-
-
4 134
total
-
-
-
61 130
Employee
33 878
-
174 850
-
income
4 648
-
41 784
-
health
3 879
-
20 020
-
pensions
3 815
-
7 580
-
total
12 342
-
69 384
-
Employer
33 878
-
174 850
-
unemployment
830
-
4 284
-
pensions
5 508
-
10 946
-
accident
566
-
2 920
-
total
6 904
-
18 150
-
Corporate
152 218
193 000
-
-
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.

136 996
173 700
-
-
total
136 996
173 700
-
-
Dividends
15 222
19 300
-
-
withholding
2 892
3 667
-
-
total
2 892
3 667
-
-
Income
193 000
193 000
193 000
193 000
Total tax
159 134
177 367
87 534
61 130
After tax
33 866
15 633
105 466
131 870
Living cost
21 536
21 536
21 536
21 536
Free-cash
12 330
-5 903
83 930
110 334

Estimated living cost  is ₽21536 per week

₽15676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽404
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61593
₽83698
₽81617
₽84546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
193 000
national
-
-
-
34 241
health
-
-
-
2 556
municipal
-
-
-
34 280
total
-
-
-
71 077
Employee
52 383
-
162 361
-
municipal
8 580
-
26 439
-
health
391
-
2 084
-
national
865
-
20 627
-
pensions
3 535
-
10 959
-
unemployment
786
-
2 435
-
total
14 157
-
62 544
-
Employer
52 383
-
162 361
-
unemployment
340
-
1 056
-
pensions
9 088
-
28 169
-
health
402
-
1 251
-
accident
53
-
162
-
total
9 883
-
30 638
-
Corporate
130 734
193 000
-
-
income
26 146
38 601
-
-
total
26 146
38 601
-
-
Dividends

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

78 441
115 799
-
-
municipal
14 120
20 844
-
-
national
5 923
13 713
-
-
total
20 043
34 557
-
-
Income
193 000
193 000
193 000
193 000
Total tax
70 229
73 158
93 182
71 077
After tax
122 771
119 842
99 818
121 923
Living cost
38 225
38 225
38 225
38 225
Free-cash
84 546
81 617
61 593
83 698

Estimated living cost  is ₽38225 per week

₽24969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106332
₽107981
₽117687
₽112268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
16 109
income
-
-
-
40 936
health
-
-
-
4 922
total
-
-
-
61 967
Employee
76 560
76 560
181 080
-
social contributions
2 895
6 354
8 570
-
income
8 336
7 087
40 048
-
health
593
1 302
3 078
-
total
11 824
14 743
51 696
-
Employer
76 560
76 560
181 080
-
health
644
1 417
3 350
-
social contributions
2 895
6 354
8 570
-
total
3 539
7 771
11 920
-
Corporate
154 585
108 669
-
-
income
19 323
13 583
-
-
total
19 323
13 583
-
-
Dividends
135 262
95 086
-
-
withholding
22 994
16 164
-
-
total
22 994
16 164
-
-
Income
193 000
193 000
193 000
193 000
Total tax
57 680
52 261
63 616
61 967
After tax
135 320
140 739
129 384
131 033
Living cost
23 052
23 052
23 052
23 052
Free-cash
112 268
117 687
106 332
107 981

Estimated living cost  is ₽23052 per week

₽13815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2262
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.
₽6466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127476
₽147446
₽144016
₽138952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193 000
income
-
-
-
19 782
health
-
-
-
3 603
unemployment
-
-
-
28
pensions
-
-
-
6 333
total
-
-
-
29 746
Employee

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

22 853
-
183 269
-
income
1 563
-
17 313
-
health
1 942
-
8 030
-
pensions
3 427
-
14 171
-
unemployment
113
-
472
-
total
7 045
-
39 986
-
Employer

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

22 853
-
183 269
-
unemployment
113
-
472
-
pensions
1 256
-
5 196
-
health
982
-
4 062
-
total
2 351
-
9 730
-
Corporate
167 794
193 000
-
-
income
15 102
17 369
-
-
total
15 102
17 369
-
-
Dividends
152 692
175 631
-
-
withholding
13 742
15 807
-
-
total
13 742
15 807
-
-
Income
193 000
193 000
193 000
193 000
Total tax
38 240
33 176
49 716
29 746
After tax
154 760
159 824
143 284
163 254
Living cost
15 808
15 808
15 808
15 808
Free-cash
138 952
144 016
127 476
147 446

Estimated living cost  is ₽15808 per week

₽10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1139
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76557
₽80734
₽101055
₽96657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
831
income
-
-
-
57 201
unemployment
-
-
-
646
other
-
-
-
93
pensions
-
-
-
26 116
total
-
-
-
84 887
Employee
36 815
-
163 580
-
income
7 098
-
53 783
-
pensions
1 731
-
4 338
-
unemployment
571
-
1 430
-
other
36
-
93
-
total
9 436
-
59 644
-
Employer
36 815
-
163 580
-
other
295
-
739
-
unemployment
2 025
-
5 075
-
pensions
8 688
-
21 779
-
accident
729
-
1 827
-
total
11 737
-
29 420
-
Corporate
144 448
193 000
-
-
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.

21 668
28 950
-
-
total
21 668
28 950
-
-
Dividends
122 780
164 050
-
-
withholding
26 123
35 616
-
-
total
26 123
35 616
-
-
Income
193 000
193 000
193 000
193 000
Total tax
68 964
64 566
89 064
84 887
After tax
124 036
128 434
103 936
108 113
Living cost
27 379
27 379
27 379
27 379
Free-cash
96 657
101 055
76 557
80 734

Estimated living cost  is ₽27379 per week

₽18480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122669
₽122788
₽118755
₽118478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
66 425
health
-
-
-
887
pensions
-
-
-
1 223
total
-
-
-
68 535
Employee
2 554
-
191 624
-
income
494
-
66 361
-
health
128
-
306
-
pensions
230
-
550
-
unemployment
26
-
61
-
total
878
-
67 278
-
Employer
2 554
-
191 624
-
unemployment
51
-
122
-
pensions
281
-
673
-
health
243
-
581
-
total
575
-
1 376
-
Corporate
189 872
193 000
-
-
income
41 772
42 460
-
-
total
41 772
42 460
-
-
Dividends
148 100
150 540
-
-
withholding
29 620
30 108
-
-
total
29 620
30 108
-
-
Income
193 000
193 000
193 000
193 000
Total tax
72 845
72 568
68 654
68 535
After tax
120 155
120 432
124 346
124 465
Living cost
1 677
1 677
1 677
1 677
Free-cash
118 478
118 755
122 669
122 788

Estimated living cost  is ₽1677 per week

₽996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽38
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽506
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103943
₽103942
₽122251
₽117361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
income
-
-
-
44 098
health
-
-
-
7 567
unemployment
-
-
-
1 102
pensions
-
-
-
19 100
total
-
-
-
71 867
Employee

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

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

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

25 922
-
179 850
-
income
3 573
-
44 098
-
health
1 335
-
3 783
-
pensions
3 629
-
10 285
-
unemployment
194
-
551
-
total
8 731
-
58 717
-
Employer

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

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

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

25 922
-
179 850
-
unemployment
194
-
551
-
pensions
3 111
-
8 815
-
health
1 335
-
3 783
-
total
4 640
-
13 149
-
Corporate
162 438
193 000
-
-
income
24 366
28 950
-
-
total
24 366
28 950
-
-
Dividends
138 072
164 050
-
-
withholding
20 711
24 608
-
-
total
20 711
24 608
-
-
Income
193 000
193 000
193 000
193 000
Total tax
58 448
53 558
71 866
71 867
After tax
134 552
139 442
121 134
121 133
Living cost
17 191
17 191
17 191
17 191
Free-cash
117 361
122 251
103 943
103 942

Estimated living cost  is ₽17191 per week

₽11574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1330
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60754
₽75389
₽82937
₽82577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
social contributions

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

-
-
-
67 067
income
-
-
-
23 702
surtax
-
-
-
-
total
-
-
-
90 769
Employee
38 643
-
155 960
-
social contributions
4 251
-
17 156
-
income
7 551
-
51 208
-
surtax
-
-
-
-
total
11 802
-
68 364
-
Employer
38 643
-
155 960
-
social contributions
9 177
-
37 040
-
total
9 177
-
37 040
-
Corporate
145 180
193 000
-
-
surtax
-
-
-
-
income
30 488
40 530
-
-
total
30 488
40 530
-
-
Dividends
114 692
152 470
-
-
withholding
32 114
42 691
-
-
total
32 114
42 691
-
-
Income
193 000
193 000
193 000
193 000
Total tax
83 581
83 221
105 404
90 769
After tax
109 419
109 779
87 596
102 231
Living cost
26 842
26 842
26 842
26 842
Free-cash
82 577
82 937
60 754
75 389

Estimated living cost  is ₽26842 per week

₽19011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68945
₽73122
₽93443
₽86930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
831
income
-
-
-
57 201
unemployment
-
-
-
646
other
-
-
-
93
pensions
-
-
-
26 116
total
-
-
-
84 887
Employee
48 085
-
163 580
-
income
10 043
-
53 783
-
pensions
2 260
-
4 338
-
unemployment
744
-
1 430
-
other
47
-
93
-
total
13 094
-
59 644
-
Employer
48 085
-
163 580
-
other
385
-
739
-
unemployment
2 645
-
5 075
-
pensions
11 348
-
21 779
-
accident
952
-
1 827
-
total
15 330
-
29 420
-
Corporate
129 584
193 000
-
-
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.

19 438
28 950
-
-
total
19 438
28 950
-
-
Dividends
110 146
164 050
-
-
withholding
23 217
35 616
-
-
total
23 217
35 616
-
-
Income
193 000
193 000
193 000
193 000
Total tax
71 079
64 566
89 064
84 887
After tax
121 921
128 434
103 936
108 113
Living cost
34 991
34 991
34 991
34 991
Free-cash
86 930
93 443
68 945
73 122

Estimated living cost  is ₽34991 per week

₽25129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145658
₽137882
₽148046
₽142034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
28 950
health
-
-
-
3 962
unemployment
-
-
-
138
pensions

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

-
-
-
5 099
total
-
-
-
38 149
Employee
22 469
-
186 240
-
income
2 247
-
18 624
-
accident

We are using the highest rate at 1.1%.

247
-
379
-
health
1 034
-
1 585
-
pensions

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

1 973
-
3 025
-
total
5 501
-
23 613
-
Employer
22 469
-
186 240
-
unemployment
135
-
207
-
pensions

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

2 476
-
3 797
-
health
1 550
-
2 377
-
accident

We are using the highest rate at 1.1%.

247
-
379
-
total
4 408
-
6 760
-
Corporate
166 123
193 000
-
-
income
16 612
19 300
-
-
total
16 612
19 300
-
-
Dividends
149 510
173 700
-
-
withholding
7 476
8 685
-
-
total
7 476
8 685
-
-
Income
193 000
193 000
193 000
193 000
Total tax
33 997
27 985
30 373
38 149
After tax
159 003
165 015
162 627
154 851
Living cost
16 969
16 969
16 969
16 969
Free-cash
142 034
148 046
145 658
137 882

Estimated living cost  is ₽16969 per week

₽11223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82759
₽61707
₽60858
₽73885
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
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.

-
-
-
61 612
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.

-
-
-
6 802
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.

-
-
-
3 388
trade
-
-
-
21 052
total
-
-
-
92 854
Employee

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

49 539
-
193 000
-
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.

4 074
-
61 612
-
surtax

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

225
-
3 388
-
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.

6 802
-
6 802
-
total
11 101
-
71 802
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
143 461
193 000
-
-
surtax

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

1 183
1 593
-
-
income
21 519
28 950
-
-
chamber of commerce
361
435
-
-
trade
20 587
27 695
-
-
total
43 650
58 673
-
-
Dividends
99 811
134 328
-
-
withholding
24 574
33 203
-
-
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.

1 351
1 827
-
-
total
25 925
35 030
-
-
Income
193 000
193 000
193 000
193 000
Total tax
80 676
93 703
71 802
92 854
After tax
112 324
99 297
121 198
100 146
Living cost
38 439
38 439
38 439
38 439
Free-cash
73 885
60 858
82 759
61 707

Estimated living cost  is ₽38439 per week

₽26516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽42933
₽42933
₽78385
₽80583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
60 743
social contributions
-
-
-
32 608
total
-
-
-
93 351
Employee
77 881
-
193 000
-
social contributions
6 470
-
32 608
-
income
14 696
-
60 743
-
total
21 166
-
93 351
-
Employer
77 881
-
193 000
-
total
-
-
-
-
Corporate
115 119
193 000
-
-
income
14 390
24 124
-
-
total
14 390
24 124
-
-
Dividends
100 729
168 876
-
-
withholding
20 145
33 775
-
-
total
20 145
33 775
-
-
Income
193 000
193 000
193 000
193 000
Total tax
55 701
57 899
93 351
93 351
After tax
137 299
135 101
99 649
99 649
Living cost
56 716
56 716
56 716
56 716
Free-cash
80 583
78 385
42 933
42 933

Estimated living cost  is ₽56716 per week

₽43149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100009
₽121800
₽84047
₽87528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
income
-
-
-
28 950
health

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

-
-
-
6 108
total
-
-
-
35 058
Employee
45 674
-
188 420
-
social contributions
4 576
-
4 580
-
income
4 956
-
47 689
-
total
9 532
-
52 269
-
Employer
45 674
-
188 420
-
social contributions
4 576
-
4 580
-
total
4 576
-
4 580
-
Corporate
142 750
193 000
-
-
income
49 962
67 551
-
-
total
49 962
67 551
-
-
Dividends
92 788
125 449
-
-
social contributions
5 260
5 260
-
-
total
5 260
5 260
-
-
Income
193 000
193 000
193 000
193 000
Total tax
69 330
72 811
56 849
35 058
After tax
123 670
120 189
136 151
157 942
Living cost
36 142
36 142
36 142
36 142
Free-cash
87 528
84 047
100 009
121 800

Estimated living cost  is ₽36142 per week

₽23807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72221
₽89596
₽87392
₽93307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
income
-
-
-
56 968
pensions
-
-
-
9 329
total
-
-
-
66 297
Employee
50 935
-
168 438
-
income
9 276
-
45 384
-
health
664
-
2 377
-
pensions
3 888
-
11 349
-
total
13 828
-
59 110
-
Employer
50 935
-
168 438
-
pensions
5 146
-
21 361
-
health
968
-
3 201
-
total
6 114
-
24 562
-
Corporate
135 951
193 000
-
-
income

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

25 832
36 669
-
-
total
25 832
36 669
-
-
Dividends
110 119
156 331
-
-
withholding
16 812
31 832
-
-
total
16 812
31 832
-
-
Income
193 000
193 000
193 000
193 000
Total tax
62 586
68 501
83 672
66 297
After tax
130 414
124 499
109 328
126 703
Living cost
37 107
37 107
37 107
37 107
Free-cash
93 307
87 392
72 221
89 596

Estimated living cost  is ₽37107 per week

₽25455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽81797
₽108201
-₽8035
₽12003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
accident
-
-
-
251
income
-
-
-
54 210
health
-
-
-
2 167
other
-
-
-
368
pensions
-
-
-
4 134
total
-
-
-
61 130
Employee
37 231
-
174 850
-
income
5 108
-
41 784
-
health
4 263
-
20 020
-
pensions
4 192
-
7 580
-
total
13 563
-
69 384
-
Employer
37 231
-
174 850
-
unemployment
912
-
4 284
-
pensions
6 054
-
10 946
-
accident
622
-
2 920
-
total
7 588
-
18 150
-
Corporate
148 181
193 000
-
-
income

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

133 363
173 700
-
-
total
133 363
173 700
-
-
Dividends
14 818
19 300
-
-
withholding
2 815
3 667
-
-
total
2 815
3 667
-
-
Income
193 000
193 000
193 000
193 000
Total tax
157 329
177 367
87 534
61 130
After tax
35 671
15 633
105 466
131 870
Living cost
23 669
23 669
23 669
23 669
Free-cash
12 003
-8 035
81 797
108 201

Estimated living cost  is ₽23669 per week

₽17370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1379
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.
₽4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125579
₽103691
₽134200
₽144307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
193 000
health insurance
-
-
-
11 780
income
-
-
-
32 088
work injury
-
-
-
796
unemployment
-
-
-
1 910
pensions
-
-
-
29 290
total
-
-
-
75 864
Employee

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

21 512
-
193 000
-
work injury
108
-
398
-
income
2 151
-
32 088
-
health insurance
1 592
-
5 890
-
pensions
3 958
-
14 645
-
unemployment
258
-
955
-
total
8 067
-
53 976
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
171 488
193 000
-
-
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%.

1 715
19 300
-
-
total
1 715
19 300
-
-
Dividends
169 773
173 700
-
-
withholding
25 466
26 055
-
-
total
25 466
26 055
-
-
Income
193 000
193 000
193 000
193 000
Total tax
35 248
45 355
53 976
75 864
After tax
157 752
147 645
139 024
117 136
Living cost
13 445
13 445
13 445
13 445
Free-cash
144 307
134 200
125 579
103 691

Estimated living cost  is ₽13445 per week

₽8330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽419
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽40788
₽49225
₽61995
₽57466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
193 000
social contributions
-
-
-
49 639
national
-
-
-
48 741
regional
-
-
-
4 441
municipal
-
-
-
1 290
total
-
-
-
104 111
Employee
83 899
-
193 000
-
social contributions
28 290
-
65 079
-
municipal
501
-
1 151
-
regional
1 267
-
3 940
-
national
14 178
-
42 378
-
total
44 236
-
112 548
-
Employer
83 899
-
193 000
-
total
-
-
-
-
Corporate
109 101
193 000
-
-
nationa
26 184
46 319
-
-
municipal
5 258
9 304
-
-
total
31 442
55 623
-
-
Dividends
77 659
137 377
-
-
withholding
20 192
35 718
-
-
total
20 192
35 718
-
-
Income
193 000
193 000
193 000
193 000
Total tax
95 870
91 341
112 548
104 111
After tax
97 130
101 659
80 452
88 889
Living cost
39 664
39 664
39 664
39 664
Free-cash
57 466
61 995
40 788
49 225

Estimated living cost  is ₽39664 per week

₽27861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2728
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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