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
₽ 194000
per

Your estimated
City
free-cash

Dresden , Germany
₽69519
₽92620
₽68901
₽79844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
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.

-
-
-
63 244
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.

-
-
-
3 478
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.

-
-
-
6 378
trade
-
-
-
23 719
total
-
-
-
96 819
Employee

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

35 710
-
194 000
-
surtax

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

55
-
3 478
-
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.

998
-
63 244
-
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.

6 378
-
6 378
-
total
7 431
-
73 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
158 290
194 000
-
-
income
23 744
29 100
-
-
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.

1 306
1 600
-
-
chamber of commerce
369
420
-
-
trade
24 931
30 554
-
-
total
50 350
61 674
-
-
Dividends
107 941
132 326
-
-
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.

1 465
1 800
-
-
withholding
26 630
32 727
-
-
total
28 095
34 527
-
-
Income
194 000
194 000
194 000
194 000
Total tax
85 876
96 201
73 100
96 819
After tax
108 124
97 799
120 900
97 181
Living cost
28 280
28 280
28 280
28 280
Free-cash
79 844
69 519
92 620
68 901

Estimated living cost  is ₽28280 per week

₽17789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71250
₽63709
₽62667
₽70422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
social contributions
-
-
-
2 085
municipal
-
-
-
21 401
national
-
-
-
34 761
pensions
-
-
-
23 280
total
-
-
-
81 527
Employee
77 208
-
167 711
-
municipal
9 536
-
22 152
-
pensions
3 088
-
6 708
-
national
14 778
-
36 405
-
total
27 402
-
65 265
-
Employer
77 208
-
167 711
-
pensions
6 177
-
13 417
-
social contributions
830
-
1 803
-
total
7 007
-
15 220
-
Corporate
104 689
194 000
-
-
income

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

20 938
38 800
-
-
total
20 938
38 800
-
-
Dividends
83 751
155 200
-
-
withholding
18 425
34 144
-
-
total
18 425
34 144
-
-
Income
194 000
194 000
194 000
194 000
Total tax
73 772
72 944
80 485
81 527
After tax
120 228
121 056
113 515
112 473
Living cost
49 806
49 806
49 806
49 806
Free-cash
70 422
71 250
63 709
62 667

Estimated living cost  is ₽49806 per week

₽33853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽135776
₽64080
₽50061
₽128119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
39 273
surtax
-
-
-
49 470
social contributions

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

-
-
-
35 772
microenterprise
-
-
-
-
total
-
-
-
124 515
Employee
27 282
-
150 625
-
surtax
-
-
21 841
-
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.

3 001
-
12 239
-
income
4 856
-
33 043
-
total
7 857
-
67 123
-
Employer
27 282
-
150 625
-
social contributions

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

6 572
-
26 805
-
surtax
-
-
16 568
-
total
6 572
-
43 373
-
Corporate
160 147
194 000
-
-
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%.

32 028
38 800
-
-
total
32 028
38 800
-
-
Dividends

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

128 118
155 200
-
-
total
-
-
-
-
Income
194 000
194 000
194 000
194 000
Total tax
46 457
38 800
110 496
124 515
After tax
147 543
155 200
83 504
69 485
Living cost
19 424
19 424
19 424
19 424
Free-cash
128 119
135 776
64 080
50 061

Estimated living cost  is ₽19424 per week

₽12392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57377
₽84989
₽65936
₽51658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
66 500
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
88 952
Employee
79 730
79 730
176 649
-
pensions
14 351
10 939
10 939
-
income

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

13 051
13 051
30 095
-
health
12 238
10 409
11 513
-
total
39 640
34 399
52 547
-
Employer
79 730
79 730
176 649
-
health
5 542
5 542
6 887
-
pensions
5 549
5 549
6 898
-
unemployment
2 870
2 870
3 567
-
total
13 961
13 961
17 352
-
Corporate
101 286
100 308
-
-
income
20 257
20 062
-
-
total
20 257
20 062
-
-
Dividends
81 030
80 246
-
-
income
17 218
17 052
-
-
withholding
12 154
12 037
-
-
total
29 372
29 089
-
-
Income
194 000
194 000
194 000
194 000
Total tax
103 230
97 511
69 899
88 952
After tax
90 770
96 489
124 101
105 048
Living cost
39 112
39 112
39 112
39 112
Free-cash
51 658
57 377
84 989
65 936

Estimated living cost  is ₽39112 per week

₽27718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68226
₽59304
₽60219
₽67380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
165
other
-
-
-
9 601
unemployment
-
-
-
83
health
-
-
-
5 155
municipal
-
-
-
50 713
national
-
-
-
21 435
pensions
-
-
-
8 931
total
-
-
-
96 083
Employee
53 717
-
168 040
-
municipal
16 018
-
50 110
-
national
-
-
20 929
-
total
16 018
-
71 039
-
Employer
53 717
-
168 040
-
health
3 304
-
5 081
-
pensions
5 807
-
8 931
-
accident
107
-
165
-
unemployment
1 418
-
2 181
-
other
6 242
-
9 601
-
total
16 878
-
25 959
-
Corporate
123 406
194 000
-
-
income
27 149
42 680
-
-
total
27 149
42 680
-
-
Dividends
96 256
151 320
-
-
withholding
28 877
45 396
-
-
total
28 877
45 396
-
-
Income
194 000
194 000
194 000
194 000
Total tax
88 922
88 076
96 998
96 083
After tax
105 078
105 924
97 002
97 917
Living cost
37 698
37 698
37 698
37 698
Free-cash
67 380
68 226
59 304
60 219

Estimated living cost  is ₽37698 per week

₽24985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3699
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.
₽8442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60122
₽84222
₽59449
₽73241
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
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.

-
-
-
63 244
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.

-
-
-
3 478
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.

-
-
-
6 378
trade
-
-
-
24 773
total
-
-
-
97 873
Employee

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

47 347
-
194 000
-
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.

223
-
3 478
-
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.

4 068
-
63 244
-
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.

6 378
-
6 378
-
total
10 669
-
73 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
146 653
194 000
-
-
income
21 998
29 100
-
-
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.

1 210
1 600
-
-
chamber of commerce
351
418
-
-
trade
24 125
31 913
-
-
total
47 684
63 031
-
-
Dividends
98 969
130 969
-
-
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.

1 341
1 781
-
-
withholding
24 387
32 388
-
-
total
25 728
34 169
-
-
Income
194 000
194 000
194 000
194 000
Total tax
84 081
97 200
73 100
97 873
After tax
109 919
96 800
120 900
96 127
Living cost
36 678
36 678
36 678
36 678
Free-cash
73 241
60 122
84 222
59 449

Estimated living cost  is ₽36678 per week

₽24530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111145
₽99210
₽100837
₽107272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
42 827
social contributions
-
-
-
15 106
health
-
-
-
4 947
total
-
-
-
62 880
Employee
71 793
71 793
182 586
-
social contributions
3 489
5 958
8 037
-
income
7 539
6 646
41 952
-
health
714
1 221
3 104
-
total
11 742
13 825
53 093
-
Employer
71 793
71 793
182 586
-
health
778
1 329
3 377
-
social contributions
3 489
5 958
8 037
-
total
4 267
7 287
11 414
-
Corporate
147 709
114 919
-
-
income
18 464
14 366
-
-
total
18 464
14 366
-
-
Dividends
129 245
100 554
-
-
withholding
21 972
17 094
-
-
total
21 972
17 094
-
-
Income
194 000
194 000
194 000
194 000
Total tax
56 445
52 572
64 507
62 880
After tax
137 555
141 428
129 493
131 120
Living cost
30 283
30 283
30 283
30 283
Free-cash
107 272
111 145
99 210
100 837

Estimated living cost  is ₽30283 per week

₽20701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92190
₽95741
₽117671
₽92537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
23 716
unemployment
-
-
-
2 910
health
-
-
-
13 580
pensions
-
-
-
19 400
total
-
-
-
59 606
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

24 139
9 607
162 343
-
unemployment
362
144
2 435
-
pensions
2 414
961
16 234
-
income
2 951
1 174
19 846
-
health
1 690
672
11 364
-
total
7 417
2 951
49 879
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

24 139
9 607
162 343
-
pensions
4 707
1 873
31 657
-
total
4 707
1 873
31 657
-
Corporate
165 153
182 519
-
-
income
14 864
16 427
-
-
total
14 864
16 427
-
-
Dividends
150 290
166 093
-
-
social contributions
29 197
32 278
-
-
withholding
28 555
31 558
-
-
total
57 752
63 836
-
-
Income
194 000
194 000
194 000
194 000
Total tax
84 740
85 087
81 536
59 606
After tax
109 260
108 913
112 464
134 394
Living cost
16 723
16 723
16 723
16 723
Free-cash
92 537
92 190
95 741
117 671

Estimated living cost  is ₽16723 per week

₽11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽132649
₽89271
₽81433
₽126849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
25 996
health
-
-
-
25 220
pensions
-
-
-
38 800
total
-
-
-
90 016
Employee
26 486
-
144 991
-
unemployment
423
-
2 319
-
pensions
530
-
2 900
-
income
2 982
-
27 953
-
total
3 935
-
33 172
-
Employer
26 486
-
144 991
-
health
3 443
-
18 848
-
pensions
5 298
-
28 997
-
unemployment
213
-
1 161
-
total
8 954
-
49 006
-
Corporate
158 561
194 000
-
-
income
31 711
38 800
-
-
total
31 711
38 800
-
-
Dividends
126 850
155 200
-
-
total
-
-
-
-
Income
194 000
194 000
194 000
194 000
Total tax
44 600
38 800
82 178
90 016
After tax
149 400
155 200
111 822
103 984
Living cost
22 551
22 551
22 551
22 551
Free-cash
126 849
132 649
89 271
81 433

Estimated living cost  is ₽22551 per week

₽15468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5126
₽85492
₽111682
₽12517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
239
income
-
-
-
54 881
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
61 478
Employee
32 783
-
176 300
-
pensions
3 691
-
7 227
-
income
4 498
-
42 556
-
health
3 754
-
20 186
-
total
11 943
-
69 969
-
Employer
32 783
-
176 300
-
pensions
5 331
-
10 436
-
accident
547
-
2 944
-
unemployment
803
-
4 319
-
total
6 681
-
17 699
-
Corporate
154 536
194 000
-
-
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.

139 083
174 600
-
-
total
139 083
174 600
-
-
Dividends
15 454
19 400
-
-
withholding
2 936
3 686
-
-
total
2 936
3 686
-
-
Income
194 000
194 000
194 000
194 000
Total tax
160 643
178 286
87 668
61 478
After tax
33 357
15 714
106 332
132 522
Living cost
20 840
20 840
20 840
20 840
Free-cash
12 517
-5 126
85 492
111 682

Estimated living cost  is ₽20840 per week

₽15274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽435
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽176777
₽147677
₽184537
₽175366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
194 000
microenterprise

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

-
-
-
1 940
total
-
-
-
1 940
Employee
9 404
-
194 000
-
income
1 881
-
38 800
-
total
1 881
-
38 800
-
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%.

184 596
194 000
-
-
total
-
-
-
-
Dividends
184 596
194 000
-
-
withholding
9 230
9 700
-
-
total
9 230
9 700
-
-
Income
194 000
194 000
194 000
194 000
Total tax
11 111
9 700
38 800
1 940
After tax
182 889
184 300
155 200
192 060
Living cost
7 523
7 523
7 523
7 523
Free-cash
175 366
176 777
147 677
184 537

Estimated living cost  is ₽7523 per week

₽4662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽117654
₽87634
₽89274
₽111350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
32 783
other
-
-
-
6 743
health
-
-
-
6 247
pensions

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

-
-
-
34 075
total
-
-
-
79 848
Employee
33 900
-
158 093
-
unemployment
338
-
1 419
-
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.

2 372
-
9 938
-
income
5 836
-
32 236
-
health
475
-
1 988
-
total
9 021
-
45 581
-
Employer
33 900
-
158 093
-
health
475
-
1 988
-
pensions

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

5 764
-
24 137
-
accident
271
-
1 265
-
unemployment
338
-
1 419
-
other
1 696
-
7 098
-
total
8 544
-
35 907
-
Corporate
151 557
194 000
-
-
income
31 826
40 740
-
-
total
31 826
40 740
-
-
Dividends
119 730
153 260
-
-
withholding
8 381
10 728
-
-
total
8 381
10 728
-
-
Income
194 000
194 000
194 000
194 000
Total tax
57 772
51 468
81 488
79 848
After tax
136 228
142 532
112 512
114 152
Living cost
24 878
24 878
24 878
24 878
Free-cash
111 350
117 654
87 634
89 274

Estimated living cost  is ₽24878 per week

₽17578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽61164
₽46365
₽63764
₽68717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
58 505
pensions
-
-
-
9 014
total
-
-
-
67 519
Employee
88 735
-
169 202
-
pensions
8 561
-
10 876
-
income
15 995
-
46 904
-
health
1 462
-
2 340
-
total
26 018
-
60 120
-
Employer
88 735
-
169 202
-
health
1 685
-
3 216
-
pensions
10 477
-
21 582
-
total
12 162
-
24 798
-
Corporate
93 103
194 000
-
-
income

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

17 689
36 861
-
-
total
17 689
36 861
-
-
Dividends
75 414
157 139
-
-
withholding
6 697
33 258
-
-
total
6 697
33 258
-
-
Income
194 000
194 000
194 000
194 000
Total tax
62 566
70 119
84 918
67 519
After tax
131 434
123 881
109 082
126 481
Living cost
62 717
62 717
62 717
62 717
Free-cash
68 717
61 164
46 365
63 764

Estimated living cost  is ₽62717 per week

₽46995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7369
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.
₽7844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽153626
₽151871
₽143947
₽149286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
29 100
unemployment
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
37 809
Employee
16 213
-
187 600
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
pensions

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

1 423
-
2 864
-
income
1 621
-
18 760
-
health
746
-
1 501
-
total
3 969
-
23 484
-
Employer
16 213
-
187 600
-
health
1 119
-
2 251
-
pensions

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

1 787
-
3 595
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
unemployment
97
-
196
-
total
3 182
-
6 401
-
Corporate
174 606
194 000
-
-
income
17 461
19 400
-
-
total
17 461
19 400
-
-
Dividends
157 145
174 600
-
-
withholding
7 858
8 730
-
-
total
7 858
8 730
-
-
Income
194 000
194 000
194 000
194 000
Total tax
32 470
28 130
29 885
37 809
After tax
161 530
165 870
164 115
156 191
Living cost
12 244
12 244
12 244
12 244
Free-cash
149 286
153 626
151 871
143 947

Estimated living cost  is ₽12244 per week

₽7148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽44717
₽72329
₽53276
₽47065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
66 500
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
88 952
Employee
86 561
79 730
176 649
-
pensions
10 939
10 939
10 939
-
income

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

13 051
13 051
30 095
-
health
10 799
10 409
11 513
-
total
34 789
34 399
52 547
-
Employer
86 561
79 730
176 649
-
health
6 015
5 542
6 887
-
pensions
6 024
5 549
6 898
-
unemployment
3 117
2 870
3 567
-
total
15 156
13 961
17 352
-
Corporate
92 283
100 308
-
-
income
18 457
20 062
-
-
total
18 457
20 062
-
-
Dividends
73 826
80 246
-
-
income
15 687
17 052
-
-
withholding
11 074
12 037
-
-
total
26 761
29 089
-
-
Income
194 000
194 000
194 000
194 000
Total tax
95 163
97 511
69 899
88 952
After tax
98 837
96 489
124 101
105 048
Living cost
51 772
51 772
51 772
51 772
Free-cash
47 065
44 717
72 329
53 276

Estimated living cost  is ₽51772 per week

₽38191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110754
₽82040
₽90340
₽102615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
20 247
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
1 578
health
-
-
-
26 190
total
-
-
-
80 845
Employee
33 551
-
152 195
-
solidarity contribution
-
-
834
-
social contributions
2 181
-
7 308
-
income
4 026
-
18 651
-
health
4 529
-
20 546
-
total
10 736
-
47 339
-
Employer
33 551
-
152 195
-
health
3 020
-
13 698
-
social contributions
8 388
-
28 108
-
total
11 408
-
41 806
-
Corporate
149 041
194 000
-
-
income
28 318
36 860
-
-
total
28 318
36 860
-
-
Dividends
120 723
157 140
-
-
withholding
18 108
23 571
-
-
total
18 108
23 571
-
-
Income
194 000
194 000
194 000
194 000
Total tax
68 570
60 431
89 145
80 845
After tax
125 430
133 569
104 855
113 155
Living cost
22 815
22 815
22 815
22 815
Free-cash
102 615
110 754
82 040
90 340

Estimated living cost  is ₽22815 per week

₽15848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4896
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64109
₽45176
₽53094
₽59236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
social contributions
-
-
-
46 729
regional
-
-
-
2 376
municipal
-
-
-
1 178
national
-
-
-
51 226
total
-
-
-
101 509
Employee
82 977
-
194 000
-
municipal
439
-
1 061
-
national
14 378
-
44 978
-
regional
783
-
2 125
-
social contributions
27 980
-
61 263
-
total
43 580
-
109 427
-
Employer
82 977
-
194 000
-
total
-
-
-
-
Corporate
111 023
194 000
-
-
municipal
4 330
7 565
-
-
nationa
26 646
46 561
-
-
total
30 976
54 126
-
-
Dividends
80 047
139 874
-
-
withholding
20 811
36 368
-
-
total
20 811
36 368
-
-
Income
194 000
194 000
194 000
194 000
Total tax
95 367
90 494
109 427
101 509
After tax
98 633
103 506
84 573
92 491
Living cost
39 397
39 397
39 397
39 397
Free-cash
59 236
64 109
45 176
53 094

Estimated living cost  is ₽39397 per week

₽27463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101422
₽65103
₽70810
₽98518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
58 898
other
-
-
-
-
surtax
-
-
-
9 708
unemployment
-
-
-
213
health
-
-
-
8 846
pensions
-
-
-
24 922
total
-
-
-
102 587
Employee
30 875
-
167 771
-
other
-
-
-
-
unemployment
2 149
-
8 673
-
pensions
2 059
-
8 311
-
surtax
101
-
8 591
-
income
5 175
-
53 313
-
health
788
-
3 177
-
total
10 272
-
82 065
-
Employer
30 875
-
167 771
-
health
1 405
-
5 670
-
pensions
4 116
-
16 610
-
unemployment
978
-
3 949
-
other
-
-
-
-
total
6 499
-
26 229
-
Corporate
156 626
194 000
-
-
income
40 723
50 441
-
-
total
40 723
50 441
-
-
Dividends
115 903
143 559
-
-
withholding
17 385
21 534
-
-
total
17 385
21 534
-
-
Income
194 000
194 000
194 000
194 000
Total tax
74 879
71 975
108 294
102 587
After tax
119 121
122 025
85 706
91 413
Living cost
20 603
20 603
20 603
20 603
Free-cash
98 518
101 422
65 103
70 810

Estimated living cost  is ₽20603 per week

₽12597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81034
₽66235
₽83634
₽87232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
58 505
pensions
-
-
-
9 014
total
-
-
-
67 519
Employee
59 468
-
169 202
-
pensions
5 047
-
10 876
-
income
10 710
-
46 904
-
health
863
-
2 340
-
total
16 620
-
60 120
-
Employer
59 468
-
169 202
-
health
1 130
-
3 216
-
pensions
6 437
-
21 582
-
total
7 567
-
24 798
-
Corporate
126 965
194 000
-
-
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.

24 124
36 861
-
-
total
24 124
36 861
-
-
Dividends
102 841
157 139
-
-
withholding
15 610
33 258
-
-
total
15 610
33 258
-
-
Income
194 000
194 000
194 000
194 000
Total tax
63 921
70 119
84 918
67 519
After tax
130 079
123 881
109 082
126 481
Living cost
42 847
42 847
42 847
42 847
Free-cash
87 232
81 034
66 235
83 634

Estimated living cost  is ₽42847 per week

₽32100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽14883
₽73346
₽81351
₽46472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
3 880
regional
-
-
-
10 338
health
-
-
-
436
city
-
-
-
2 044
national
-
-
-
4 275
pensions
-
-
-
17 847
total
-
-
-
38 820
Employee
86 398
-
174 065
-
unemployment
-
-
-
-
pensions
7 259
-
14 144
-
national
409
-
3 337
-
regional
2 829
-
9 058
-
city
927
-
1 875
-
health
195
-
393
-
total
11 619
-
28 807
-
Employer
86 398
-
174 065
-
health
195
-
393
-
pensions
7 259
-
14 144
-
unemployment
-
-
-
-
other

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

1 727
-
3 481
-
total
9 181
-
18 018
-
Corporate
97 470
194 000
-
-
regional
20 615
41 032
-
-
national
8 284
16 489
-
-
total
28 899
57 521
-
-
Dividends
68 570
136 479
-
-
withholding
24 000
47 767
-
-
total
24 000
47 767
-
-
Income
194 000
194 000
194 000
194 000
Total tax
73 699
105 288
46 825
38 820
After tax
120 301
88 712
147 175
155 180
Living cost
73 829
73 829
73 829
73 829
Free-cash
46 472
14 883
73 346
81 351

Estimated living cost  is ₽73829 per week

₽48010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽906
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽53031
₽78129
₽52302
₽68171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
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.

-
-
-
63 244
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.

-
-
-
3 478
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.

-
-
-
6 378
trade
-
-
-
25 827
total
-
-
-
98 927
Employee

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

56 111
-
194 000
-
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.

363
-
3 478
-
income

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

6 598
-
63 244
-
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.

6 378
-
6 378
-
total
13 339
-
73 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
137 889
194 000
-
-
income
20 684
29 100
-
-
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.

1 137
1 600
-
-
chamber of commerce
337
415
-
-
trade
23 648
33 270
-
-
total
45 806
64 385
-
-
Dividends
92 083
129 615
-
-
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.

1 247
1 763
-
-
withholding
22 666
32 050
-
-
total
23 913
33 813
-
-
Income
194 000
194 000
194 000
194 000
Total tax
83 058
98 198
73 100
98 927
After tax
110 942
95 802
120 900
95 073
Living cost
42 771
42 771
42 771
42 771
Free-cash
68 171
53 031
78 129
52 302

Estimated living cost  is ₽42771 per week

₽31238
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.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65834
₽70941
₽75608
₽71350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
34 007
other
-
-
-
6 013
surtax
-
-
-
-
social contributions
-
-
-
5 528
health
-
-
-
9 126
pensions
-
-
-
31 775
total
-
-
-
86 449
Employee
39 959
-
148 678
-
pensions
4 518
-
10 948
-
surtax
-
-
-
-
social contributions
1 139
-
4 236
-
income
2 358
-
30 610
-
total
8 015
-
45 794
-
Employer
39 959
-
148 678
-
health
2 798
-
14 477
-
pensions
6 564
-
18 319
-
unemployment
1 618
-
6 022
-
social contributions
120
-
446
-
other
1 378
-
6 058
-
total
12 478
-
45 322
-
Corporate
141 562
194 000
-
-
income
39 638
54 319
-
-
surtax
-
-
-
-
total
39 638
54 319
-
-
Dividends
101 924
139 681
-
-
surtax
-
-
-
-
social contributions
17 530
24 025
-
-
withholding
13 046
17 879
-
-
total
30 576
41 904
-
-
Income
194 000
194 000
194 000
194 000
Total tax
90 707
96 223
91 116
86 449
After tax
103 293
97 777
102 884
107 551
Living cost
31 943
31 943
31 943
31 943
Free-cash
71 350
65 834
70 941
75 608

Estimated living cost  is ₽31943 per week

₽20142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68999
₽74106
₽78773
₽74188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
34 007
other
-
-
-
6 013
surtax
-
-
-
-
social contributions
-
-
-
5 528
health
-
-
-
9 126
pensions
-
-
-
31 775
total
-
-
-
86 449
Employee
35 669
-
148 678
-
pensions
4 034
-
10 948
-
surtax
-
-
-
-
social contributions
1 017
-
4 236
-
income
1 839
-
30 610
-
total
6 890
-
45 794
-
Employer
35 669
-
148 678
-
health
2 496
-
14 477
-
pensions
5 861
-
18 319
-
unemployment
1 444
-
6 022
-
social contributions
106
-
446
-
other
1 231
-
6 058
-
total
11 138
-
45 322
-
Corporate
147 192
194 000
-
-
income
41 213
54 319
-
-
surtax
-
-
-
-
total
41 213
54 319
-
-
Dividends
105 979
139 681
-
-
surtax
-
-
-
-
social contributions
18 228
24 025
-
-
withholding
13 565
17 879
-
-
total
31 793
41 904
-
-
Income
194 000
194 000
194 000
194 000
Total tax
91 034
96 223
91 116
86 449
After tax
102 966
97 777
102 884
107 551
Living cost
28 778
28 778
28 778
28 778
Free-cash
74 188
68 999
74 106
78 773

Estimated living cost  is ₽28778 per week

₽16690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98558
₽99919
₽104788
₽99045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
29 100
social contributions
-
-
-
26 772
health
-
-
-
13 542
total
-
-
-
69 414
Employee
31 656
-
194 000
-
social contributions
4 369
-
26 772
-
income
5 280
-
33 969
-
health
2 209
-
13 542
-
total
11 858
-
74 283
-
Employer
31 656
-
194 000
-
total
-
-
-
-
Corporate
162 344
194 000
-
-
income

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

8 117
9 700
-
-
total
8 117
9 700
-
-
Dividends
154 227
184 300
-
-
social contributions
21 283
25 434
-
-
withholding
23 134
27 645
-
-
health
10 765
12 865
-
-
total
55 182
65 944
-
-
Income
194 000
194 000
194 000
194 000
Total tax
75 157
75 644
74 283
69 414
After tax
118 843
118 356
119 717
124 586
Living cost
19 798
19 798
19 798
19 798
Free-cash
99 045
98 558
99 919
104 788

Estimated living cost  is ₽19798 per week

₽13249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74161
₽18136
₽66748
₽72717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
59 146
surtax
-
-
-
184
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
776
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
94 354
Employee
46 660
37 207
158 795
-
other
466
372
1 091
-
unemployment
1 400
1 116
3 272
-
pensions
4 778
3 809
11 169
-
income
5 312
2 744
49 199
-
health
1 805
1 440
4 220
-
total
13 761
9 481
68 951
-
Employer
46 660
37 207
158 795
-
chamber of commerce
186
149
634
-
health
1 763
1 407
4 123
-
pensions
5 856
4 670
13 689
-
accident
606
484
1 417
-
unemployment
1 400
1 116
3 272
-
surtax
184
184
184
-
payroll
1 400
1 116
4 764
-
other
2 216
1 766
7 119
-
total
13 611
10 892
35 202
-
Corporate
133 729
145 900
155 253
-
income

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

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

33 432
36 476
38 813
-
total
33 432
36 476
38 813
-
Dividends
100 298
109 424
-
-
withholding
27 581
30 092
-
-
total
27 581
30 092
-
-
Income
194 000
194 000
194 000
194 000
Total tax
88 385
86 941
142 966
94 354
After tax
105 615
107 059
51 034
99 646
Living cost
32 898
32 898
32 898
32 898
Free-cash
72 717
74 161
18 136
66 748

Estimated living cost  is ₽32898 per week

₽21942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73315
₽32610
₽50257
₽60392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
communal

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

-
-
-
10 243
social contributions
-
-
-
23 277
national
-
-
-
76 181
total
-
-
-
109 701
Employee

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

66 785
-
150 258
-
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.

581
-
1 308
-
communal

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

3 483
-
7 837
-
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.

5 009
-
11 269
-
national
20 532
-
56 130
-
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.

3 138
-
7 062
-
total
32 743
-
83 606
-
Employer

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

66 785
-
150 258
-
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.

4 107
-
9 242
-
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.

5 918
-
13 313
-
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.

868
-
1 953
-
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.

974
-
2 193
-
surtax
7 573
-
17 041
-
total
19 440
-
43 742
-
Corporate
107 775
194 000
-
-
income
21 555
40 313
-
-
surtax
431
806
-
-
total
21 986
41 119
-
-
Dividends
85 789
152 881
-
-
withholding

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

25 397
45 524
-
-
total
25 397
45 524
-
-
Income
194 000
194 000
194 000
194 000
Total tax
99 566
86 643
127 348
109 701
After tax
94 434
107 357
66 652
84 299
Living cost
34 042
34 042
34 042
34 042
Free-cash
60 392
73 315
32 610
50 257

Estimated living cost  is ₽34042 per week

₽21928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95240
₽70906
₽74822
₽88842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
780
income
-
-
-
59 497
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
85 460
Employee
46 475
-
166 412
-
other
46
-
87
-
unemployment
721
-
1 341
-
pensions
2 185
-
4 068
-
income
9 806
-
56 292
-
total
12 758
-
61 788
-
Employer
46 475
-
166 412
-
pensions
10 967
-
20 423
-
accident
920
-
1 713
-
unemployment
2 557
-
4 759
-
other
370
-
693
-
total
14 814
-
27 588
-
Corporate
132 711
194 000
-
-
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.

19 906
29 100
-
-
total
19 906
29 100
-
-
Dividends
112 805
164 900
-
-
withholding
23 962
35 942
-
-
total
23 962
35 942
-
-
Income
194 000
194 000
194 000
194 000
Total tax
71 440
65 042
89 376
85 460
After tax
122 560
128 958
104 624
108 540
Living cost
33 718
33 718
33 718
33 718
Free-cash
88 842
95 240
70 906
74 822

Estimated living cost  is ₽33718 per week

₽24830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60408
₽49605
₽41872
₽47689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
communal
-
-
-
12 261
accident
-
-
-
1 635
income
-
-
-
35 169
surtax
-
-
-
9 617
health
-
-
-
13 630
pensions
-
-
-
29 078
total
-
-
-
101 390
Employee
70 705
-
173 290
-
pensions
5 656
-
13 862
-
surtax
4 334
-
10 620
-
income
6 829
-
40 754
-
health
3 147
-
7 713
-
total
19 966
-
72 949
-
Employer
70 705
-
173 290
-
health
2 156
-
5 287
-
pensions
5 656
-
13 862
-
accident
636
-
1 559
-
total
8 448
-
20 708
-
Corporate
114 847
194 000
-
-
communal
7 752
13 095
-
-
income
17 227
29 100
-
-
surtax
1 207
2 038
-
-
total
26 186
44 233
-
-
Dividends
88 662
149 768
-
-
income
27 674
16 157
-
-
withholding
13 299
22 464
-
-
total
40 973
38 621
-
-
Income
194 000
194 000
194 000
194 000
Total tax
95 573
82 854
93 657
101 390
After tax
98 427
111 146
100 343
92 610
Living cost
50 738
50 738
50 738
50 738
Free-cash
47 689
60 408
49 605
41 872

Estimated living cost  is ₽50738 per week

₽38061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101054
₽64735
₽70442
₽98084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
58 898
other
-
-
-
-
surtax
-
-
-
9 708
unemployment
-
-
-
213
health
-
-
-
8 846
pensions
-
-
-
24 922
total
-
-
-
102 587
Employee
31 442
-
167 771
-
other
-
-
-
-
unemployment
2 188
-
8 673
-
pensions
2 098
-
8 311
-
surtax
112
-
8 591
-
income
5 271
-
53 313
-
health
803
-
3 177
-
total
10 472
-
82 065
-
Employer
31 442
-
167 771
-
health
1 430
-
5 670
-
pensions
4 192
-
16 610
-
unemployment
998
-
3 949
-
other
-
-
-
-
total
6 620
-
26 229
-
Corporate
155 939
194 000
-
-
income
40 544
50 441
-
-
total
40 544
50 441
-
-
Dividends
115 395
143 559
-
-
withholding
17 309
21 534
-
-
total
17 309
21 534
-
-
Income
194 000
194 000
194 000
194 000
Total tax
74 945
71 975
108 294
102 587
After tax
119 055
122 025
85 706
91 413
Living cost
20 971
20 971
20 971
20 971
Free-cash
98 084
101 054
64 735
70 442

Estimated living cost  is ₽20971 per week

₽12661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76819
₽58853
₽66726
₽74747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
social contributions
-
-
-
46 729
regional
-
-
-
2 990
municipal
-
-
-
1 178
national
-
-
-
51 226
total
-
-
-
102 123
Employee
51 791
-
194 000
-
municipal
275
-
1 061
-
national
8 205
-
44 978
-
regional
697
-
2 694
-
social contributions
17 464
-
61 263
-
total
26 641
-
109 996
-
Employer
51 791
-
194 000
-
total
-
-
-
-
Corporate
142 209
194 000
-
-
municipal
7 068
9 642
-
-
nationa
34 130
46 561
-
-
total
41 198
56 203
-
-
Dividends
101 012
137 797
-
-
withholding
26 263
35 827
-
-
total
26 263
35 827
-
-
Income
194 000
194 000
194 000
194 000
Total tax
94 102
92 030
109 996
102 123
After tax
99 898
101 970
84 004
91 877
Living cost
25 151
25 151
25 151
25 151
Free-cash
74 747
76 819
58 853
66 726

Estimated living cost  is ₽25151 per week

₽15641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105455
₽76741
₽85041
₽95426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
20 247
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
1 578
health
-
-
-
26 190
total
-
-
-
80 845
Employee
41 344
-
152 195
-
solidarity contribution
-
-
834
-
social contributions
2 687
-
7 308
-
income
4 961
-
18 651
-
health
5 581
-
20 546
-
total
13 229
-
47 339
-
Employer
41 344
-
152 195
-
health
3 721
-
13 698
-
social contributions
10 336
-
28 108
-
total
14 057
-
41 806
-
Corporate
138 599
194 000
-
-
income
26 334
36 860
-
-
total
26 334
36 860
-
-
Dividends
112 265
157 140
-
-
withholding
16 840
23 571
-
-
total
16 840
23 571
-
-
Income
194 000
194 000
194 000
194 000
Total tax
70 460
60 431
89 145
80 845
After tax
123 540
133 569
104 855
113 155
Living cost
28 114
28 114
28 114
28 114
Free-cash
95 426
105 455
76 741
85 041

Estimated living cost  is ₽28114 per week

₽20907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1557
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.
₽5163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77373
₽21291
₽70043
₽76909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
59 146
surtax
-
-
-
-
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
776
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
94 170
Employee
40 813
37 207
158 967
-
other
408
372
1 091
-
unemployment
1 224
1 116
3 272
-
pensions
4 180
3 809
11 169
-
income
3 636
2 744
49 282
-
health
1 579
1 440
4 220
-
total
11 027
9 481
69 034
-
Employer
40 813
37 207
158 967
-
chamber of commerce
163
149
636
-
health
1 543
1 407
4 123
-
pensions
5 122
4 670
13 689
-
accident
530
484
1 417
-
unemployment
1 224
1 116
3 272
-
surtax
-
-
-
-
payroll
1 224
1 116
4 770
-
other
1 938
1 766
7 126
-
total
11 744
10 708
35 033
-
Corporate
141 442
146 084
155 423
-
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.

35 361
36 522
38 855
-
total
35 361
36 522
38 855
-
Dividends
106 081
109 562
-
-
withholding
29 172
30 129
-
-
total
29 172
30 129
-
-
Income
194 000
194 000
194 000
194 000
Total tax
87 304
86 840
142 922
94 170
After tax
106 696
107 160
51 078
99 830
Living cost
29 787
29 787
29 787
29 787
Free-cash
76 909
77 373
21 291
70 043

Estimated living cost  is ₽29787 per week

₽17868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽172576
₽143476
₽180336
₽170377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
194 000
microenterprise

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

-
-
-
1 940
total
-
-
-
1 940
Employee
14 655
-
194 000
-
income
2 931
-
38 800
-
total
2 931
-
38 800
-
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%.

179 345
194 000
-
-
total
-
-
-
-
Dividends
179 345
194 000
-
-
withholding
8 968
9 700
-
-
total
8 968
9 700
-
-
Income
194 000
194 000
194 000
194 000
Total tax
11 899
9 700
38 800
1 940
After tax
182 101
184 300
155 200
192 060
Living cost
11 724
11 724
11 724
11 724
Free-cash
170 377
172 576
143 476
180 336

Estimated living cost  is ₽11724 per week

₽7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108525
₽62504
₽66717
₽100716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
47 431
unemployment
-
-
-
291
health
-
-
-
19 089
pensions
-
-
-
35 429
total
-
-
-
102 240
Employee

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

41 286
-
167 863
-
unemployment
58
-
236
-
pensions
6 400
-
26 019
-
income
7 120
-
43 216
-
health
2 667
-
10 845
-
total
16 245
-
80 316
-
Employer

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

41 286
-
167 863
-
health
2 750
-
11 180
-
pensions
3 653
-
14 856
-
unemployment
25
-
101
-
total
6 428
-
26 137
-
Corporate
146 286
194 000
-
-
income
27 794
36 860
-
-
total
27 794
36 860
-
-
Dividends
118 492
157 140
-
-
withholding
17 774
23 572
-
-
total
17 774
23 572
-
-
Income
194 000
194 000
194 000
194 000
Total tax
68 241
60 432
106 453
102 240
After tax
125 759
133 568
87 547
91 760
Living cost
25 043
25 043
25 043
25 043
Free-cash
100 716
108 525
62 504
66 717

Estimated living cost  is ₽25043 per week

₽17186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78145
₽141955
₽94185
₽34175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
37 814
social contributions
-
-
-
22 116
total
-
-
-
59 930
Employee
57 190
-
-
-
social contributions
4 690
-
668
-
income
12 615
-
-
-
total
17 305
-
668
-
Employer
57 190
-
-
-
social contributions
80 638
-
11 492
-
total
80 638
-
11 492
-
Corporate
56 172
194 000
-
-
income
12 358
42 680
-
-
total
12 358
42 680
-
-
Dividends
43 814
151 320
-
-
income
9 639
33 290
-
-
total
9 639
33 290
-
-
Income
194 000
194 000
194 000
194 000
Total tax
119 940
75 970
12 160
59 930
After tax
74 060
118 030
181 840
134 070
Living cost
39 885
39 885
39 885
39 885
Free-cash
34 175
78 145
141 955
94 185

Estimated living cost  is ₽39885 per week

₽25879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81061
₽58006
₽72716
₽80119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
24 584
surtax
-
-
-
-
social contributions

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

-
-
-
67 414
total
-
-
-
91 998
Employee
42 941
-
156 768
-
surtax
-
-
-
-
social contributions
4 724
-
17 245
-
income
8 932
-
52 231
-
total
13 656
-
69 476
-
Employer
42 941
-
156 768
-
social contributions
10 198
-
37 232
-
total
10 198
-
37 232
-
Corporate
140 861
194 000
-
-
income
29 582
40 740
-
-
surtax
-
-
-
-
total
29 582
40 740
-
-
Dividends
111 279
153 260
-
-
withholding
31 159
42 913
-
-
total
31 159
42 913
-
-
Income
194 000
194 000
194 000
194 000
Total tax
84 595
83 653
106 708
91 998
After tax
109 405
110 347
87 292
102 002
Living cost
29 286
29 286
29 286
29 286
Free-cash
80 119
81 061
58 006
72 716

Estimated living cost  is ₽29286 per week

₽21912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52683
₽57790
₽62457
₽59101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
34 007
other
-
-
-
6 013
surtax
-
-
-
-
social contributions
-
-
-
5 528
health
-
-
-
9 126
pensions
-
-
-
31 775
total
-
-
-
86 449
Employee
58 476
-
148 678
-
pensions
6 614
-
10 948
-
surtax
-
-
-
-
social contributions
1 665
-
4 236
-
income
5 102
-
30 610
-
total
13 381
-
45 794
-
Employer
58 476
-
148 678
-
health
4 093
-
14 477
-
pensions
9 608
-
18 319
-
unemployment
2 369
-
6 022
-
social contributions
175
-
446
-
other
2 018
-
6 058
-
total
18 263
-
45 322
-
Corporate
117 260
194 000
-
-
income
32 833
54 319
-
-
surtax
-
-
-
-
total
32 833
54 319
-
-
Dividends
84 427
139 681
-
-
surtax
-
-
-
-
social contributions
14 522
24 025
-
-
withholding
10 806
17 879
-
-
total
25 328
41 904
-
-
Income
194 000
194 000
194 000
194 000
Total tax
89 805
96 223
91 116
86 449
After tax
104 195
97 777
102 884
107 551
Living cost
45 094
45 094
45 094
45 094
Free-cash
59 101
52 683
57 790
62 457

Estimated living cost  is ₽45094 per week

₽30519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽146536
₽118947
₽113793
₽143397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
9 463
social contributions
-
-
-
42 679
total
-
-
-
52 142
Employee
30 016
-
167 965
-
income
-
-
10 035
-
social contributions
1 951
-
10 918
-
total
1 951
-
20 953
-
Employer
30 016
-
167 965
-
social contributions
4 653
-
26 035
-
total
4 653
-
26 035
-
Corporate
159 331
194 000
-
-
income
15 934
19 399
-
-
total
15 934
19 399
-
-
Dividends
143 398
174 601
-
-
total
-
-
-
-
Income
194 000
194 000
194 000
194 000
Total tax
22 538
19 399
46 988
52 142
After tax
171 462
174 601
147 012
141 858
Living cost
28 065
28 065
28 065
28 065
Free-cash
143 397
146 536
118 947
113 793

Estimated living cost  is ₽28065 per week

₽18147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9433
-₽9433
₽67744
-₽9433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
labour market
-
-
-
15 455
municipal
-
-
-
41 288
national
-
-
-
23 737
pensions
-
-
-
809
total
-
-
-
81 289
Employee
189 796
189 796
189 796
-
municipal
40 416
40 416
40 416
-
labour market
15 162
15 162
15 162
-
pensions
270
270
270
-
national
23 187
23 187
23 187
-
total
79 035
79 035
79 035
-
Employer
189 796
189 796
189 796
-
national
23 227
23 227
23 227
-
labour market
15 184
15 184
15 184
-
pensions
540
540
540
-
municipal
40 480
40 480
40 480
-
total
79 431
79 431
79 431
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
194 000
194 000
194 000
194 000
Total tax
158 466
158 466
158 466
81 289
After tax
35 534
35 534
35 534
112 711
Living cost
44 967
44 967
44 967
44 967
Free-cash
-9 433
-9 433
-9 433
67 744

Estimated living cost  is ₽44967 per week

₽30776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽692
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽4819
₽85799
₽111989
₽12565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
239
income
-
-
-
54 881
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
61 478
Employee
32 300
-
176 300
-
pensions
3 637
-
7 227
-
income
4 431
-
42 556
-
health
3 699
-
20 186
-
total
11 767
-
69 969
-
Employer
32 300
-
176 300
-
pensions
5 252
-
10 436
-
accident
539
-
2 944
-
unemployment
791
-
4 319
-
total
6 582
-
17 699
-
Corporate
155 118
194 000
-
-
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.

139 606
174 600
-
-
total
139 606
174 600
-
-
Dividends
15 512
19 400
-
-
withholding
2 947
3 686
-
-
total
2 947
3 686
-
-
Income
194 000
194 000
194 000
194 000
Total tax
160 902
178 286
87 668
61 478
After tax
33 098
15 714
106 332
132 522
Living cost
20 533
20 533
20 533
20 533
Free-cash
12 565
-4 819
85 799
111 989

Estimated living cost  is ₽20533 per week

₽14946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83885
₽62769
₽84991
₽86769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
194 000
health
-
-
-
2 597
municipal
-
-
-
34 452
national
-
-
-
36 115
total
-
-
-
73 164
Employee
49 121
-
163 203
-
municipal
8 046
-
26 570
-
unemployment
737
-
2 449
-
pensions
3 315
-
11 017
-
national
811
-
22 429
-
health
367
-
2 124
-
total
13 276
-
64 589
-
Employer
49 121
-
163 203
-
health
377
-
1 256
-
pensions
8 522
-
28 317
-
accident
50
-
163
-
unemployment
319
-
1 061
-
total
9 268
-
30 797
-
Corporate
135 610
194 000
-
-
income
27 122
38 800
-
-
total
27 122
38 800
-
-
Dividends

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

81 366
116 400
-
-
municipal
14 646
20 951
-
-
national
7 074
14 519
-
-
total
21 720
35 470
-
-
Income
194 000
194 000
194 000
194 000
Total tax
71 386
74 270
95 386
73 164
After tax
122 614
119 730
98 614
120 836
Living cost
35 845
35 845
35 845
35 845
Free-cash
86 769
83 885
62 769
84 991

Estimated living cost  is ₽35845 per week

₽23414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119811
₽107876
₽109503
₽114733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
42 827
social contributions
-
-
-
15 106
health
-
-
-
4 947
total
-
-
-
62 880
Employee
71 793
71 793
182 586
-
social contributions
2 714
5 958
8 037
-
income
7 817
6 646
41 952
-
health
556
1 221
3 104
-
total
11 087
13 825
53 093
-
Employer
71 793
71 793
182 586
-
health
604
1 329
3 377
-
social contributions
2 714
5 958
8 037
-
total
3 318
7 287
11 414
-
Corporate
157 977
114 919
-
-
income
19 746
14 366
-
-
total
19 746
14 366
-
-
Dividends
138 231
100 554
-
-
withholding
23 499
17 094
-
-
total
23 499
17 094
-
-
Income
194 000
194 000
194 000
194 000
Total tax
57 650
52 572
64 507
62 880
After tax
136 350
141 428
129 493
131 120
Living cost
21 617
21 617
21 617
21 617
Free-cash
114 733
119 811
107 876
109 503

Estimated living cost  is ₽21617 per week

₽12955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145828
₽131123
₽149849
₽141079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
194 000
income
-
-
-
19 982
unemployment
-
-
-
27
health
-
-
-
3 379
pensions
-
-
-
5 939
total
-
-
-
29 327
Employee

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

21 431
-
184 875
-
unemployment
106
-
443
-
pensions
3 214
-
13 288
-
income
1 465
-
17 668
-
health
1 821
-
7 530
-
total
6 606
-
38 929
-
Employer

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

21 431
-
184 875
-
health
921
-
3 809
-
pensions
1 178
-
4 872
-
unemployment
106
-
443
-
total
2 205
-
9 124
-
Corporate
170 364
194 000
-
-
income
15 333
17 459
-
-
total
15 333
17 459
-
-
Dividends
155 031
176 541
-
-
withholding
13 953
15 889
-
-
total
13 953
15 889
-
-
Income
194 000
194 000
194 000
194 000
Total tax
38 097
33 348
48 053
29 327
After tax
155 903
160 652
145 947
164 673
Living cost
14 824
14 824
14 824
14 824
Free-cash
141 079
145 828
131 123
149 849

Estimated living cost  is ₽14824 per week

₽9458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103284
₽78950
₽82866
₽99160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
780
income
-
-
-
59 497
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
85 460
Employee
34 523
-
166 412
-
other
34
-
87
-
unemployment
535
-
1 341
-
pensions
1 623
-
4 068
-
income
6 656
-
56 292
-
total
8 848
-
61 788
-
Employer
34 523
-
166 412
-
pensions
8 147
-
20 423
-
accident
684
-
1 713
-
unemployment
1 899
-
4 759
-
other
276
-
693
-
total
11 006
-
27 588
-
Corporate
148 471
194 000
-
-
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.

22 271
29 100
-
-
total
22 271
29 100
-
-
Dividends
126 200
164 900
-
-
withholding
27 041
35 942
-
-
total
27 041
35 942
-
-
Income
194 000
194 000
194 000
194 000
Total tax
69 166
65 042
89 376
85 460
After tax
124 834
128 958
104 624
108 540
Living cost
25 674
25 674
25 674
25 674
Free-cash
99 160
103 284
78 950
82 866

Estimated living cost  is ₽25674 per week

₽17330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119165
₽122963
₽123099
₽118853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
66 631
health
-
-
-
1 000
pensions
-
-
-
1 379
total
-
-
-
69 010
Employee
2 880
-
192 448
-
unemployment
29
-
69
-
pensions
259
-
621
-
income
557
-
66 559
-
health
144
-
345
-
total
989
-
67 594
-
Employer
2 880
-
192 448
-
health
274
-
655
-
pensions
317
-
759
-
unemployment
58
-
138
-
total
649
-
1 552
-
Corporate
190 472
194 000
-
-
income
41 904
42 680
-
-
total
41 904
42 680
-
-
Dividends
148 568
151 320
-
-
withholding
29 714
30 264
-
-
total
29 714
30 264
-
-
Income
194 000
194 000
194 000
194 000
Total tax
73 256
72 944
69 146
69 010
After tax
120 744
121 056
124 854
124 990
Living cost
1 891
1 891
1 891
1 891
Free-cash
118 853
119 165
122 963
123 099

Estimated living cost  is ₽1891 per week

₽1124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124018
₽107172
₽107171
₽119424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
44 600
unemployment
-
-
-
1 035
health
-
-
-
7 107
pensions
-
-
-
17 940
total
-
-
-
70 682
Employee

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

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

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

24 348
-
181 649
-
unemployment
183
-
517
-
pensions
3 409
-
9 660
-
income
3 356
-
44 600
-
health
1 254
-
3 554
-
total
8 202
-
58 331
-
Employer

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

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

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

24 348
-
181 649
-
health
1 254
-
3 554
-
pensions
2 922
-
8 280
-
unemployment
183
-
517
-
total
4 359
-
12 351
-
Corporate
165 294
194 000
-
-
income
24 794
29 100
-
-
total
24 794
29 100
-
-
Dividends
140 500
164 900
-
-
withholding
21 075
24 735
-
-
total
21 075
24 735
-
-
Income
194 000
194 000
194 000
194 000
Total tax
58 430
53 835
70 682
70 682
After tax
135 570
140 165
123 318
123 318
Living cost
16 147
16 147
16 147
16 147
Free-cash
119 424
124 018
107 172
107 171

Estimated living cost  is ₽16147 per week

₽10871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽85176
₽62121
₽76831
₽84838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
24 584
surtax
-
-
-
-
social contributions

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

-
-
-
67 414
total
-
-
-
91 998
Employee
36 237
-
156 768
-
surtax
-
-
-
-
social contributions
3 987
-
17 245
-
income
7 081
-
52 231
-
total
11 068
-
69 476
-
Employer
36 237
-
156 768
-
social contributions
8 606
-
37 232
-
total
8 606
-
37 232
-
Corporate
149 157
194 000
-
-
income
31 323
40 740
-
-
surtax
-
-
-
-
total
31 323
40 740
-
-
Dividends
117 834
153 260
-
-
withholding
32 994
42 913
-
-
total
32 994
42 913
-
-
Income
194 000
194 000
194 000
194 000
Total tax
83 991
83 653
106 708
91 998
After tax
110 009
110 347
87 292
102 002
Living cost
25 171
25 171
25 171
25 171
Free-cash
84 838
85 176
62 121
76 831

Estimated living cost  is ₽25171 per week

₽17828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96145
₽71811
₽75727
₽90036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
780
income
-
-
-
59 497
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
85 460
Employee
45 091
-
166 412
-
other
44
-
87
-
unemployment
698
-
1 341
-
pensions
2 119
-
4 068
-
income
9 418
-
56 292
-
total
12 279
-
61 788
-
Employer
45 091
-
166 412
-
pensions
10 641
-
20 423
-
accident
893
-
1 713
-
unemployment
2 480
-
4 759
-
other
361
-
693
-
total
14 375
-
27 588
-
Corporate
134 533
194 000
-
-
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.

20 181
29 100
-
-
total
20 181
29 100
-
-
Dividends
114 352
164 900
-
-
withholding
24 316
35 942
-
-
total
24 316
35 942
-
-
Income
194 000
194 000
194 000
194 000
Total tax
71 151
65 042
89 376
85 460
After tax
122 849
128 958
104 624
108 540
Living cost
32 813
32 813
32 813
32 813
Free-cash
90 036
96 145
71 811
75 727

Estimated living cost  is ₽32813 per week

₽23565
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.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽149806
₽148051
₽140127
₽144114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
29 100
unemployment
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
37 809
Employee
21 272
-
187 600
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

1 867
-
2 864
-
income
2 128
-
18 760
-
health
979
-
1 501
-
total
5 208
-
23 484
-
Employer
21 272
-
187 600
-
health
1 468
-
2 251
-
pensions

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

2 344
-
3 595
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
unemployment
128
-
196
-
total
4 174
-
6 401
-
Corporate
168 555
194 000
-
-
income
16 855
19 400
-
-
total
16 855
19 400
-
-
Dividends
151 699
174 600
-
-
withholding
7 585
8 730
-
-
total
7 585
8 730
-
-
Income
194 000
194 000
194 000
194 000
Total tax
33 822
28 130
29 885
37 809
After tax
160 178
165 870
164 115
156 191
Living cost
16 064
16 064
16 064
16 064
Free-cash
144 114
149 806
148 051
140 127

Estimated living cost  is ₽16064 per week

₽10625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽63749
₽84854
₽63244
₽75961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
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.

-
-
-
63 244
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.

-
-
-
3 478
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.

-
-
-
6 378
trade
-
-
-
21 610
total
-
-
-
94 710
Employee

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

46 455
-
194 000
-
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.

211
-
3 478
-
income

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

3 820
-
63 244
-
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.

6 378
-
6 378
-
total
10 409
-
73 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
147 545
194 000
-
-
income
22 131
29 100
-
-
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.

1 217
1 600
-
-
chamber of commerce
358
427
-
-
trade
21 173
27 838
-
-
total
44 879
58 965
-
-
Dividends
102 666
135 035
-
-
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.

1 393
1 837
-
-
withholding
25 312
33 403
-
-
total
26 705
35 240
-
-
Income
194 000
194 000
194 000
194 000
Total tax
81 993
94 205
73 100
94 710
After tax
112 007
99 795
120 900
99 290
Living cost
36 046
36 046
36 046
36 046
Free-cash
75 961
63 749
84 854
63 244

Estimated living cost  is ₽36046 per week

₽24865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82616
₽45595
₽45595
₽84678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
62 168
social contributions
-
-
-
33 052
total
-
-
-
95 220
Employee
73 032
-
194 000
-
income
13 781
-
62 168
-
social contributions
6 067
-
33 052
-
total
19 848
-
95 220
-
Employer
73 032
-
194 000
-
total
-
-
-
-
Corporate
120 968
194 000
-
-
income
15 120
24 250
-
-
total
15 120
24 250
-
-
Dividends
105 847
169 750
-
-
withholding
21 169
33 949
-
-
total
21 169
33 949
-
-
Income
194 000
194 000
194 000
194 000
Total tax
56 137
58 199
95 220
95 220
After tax
137 863
135 801
98 780
98 780
Living cost
53 185
53 185
53 185
53 185
Free-cash
84 678
82 616
45 595
45 595

Estimated living cost  is ₽53185 per week

₽40462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87275
₽102243
₽125351
₽90538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
29 100
health

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

-
-
-
5 657
total
-
-
-
34 757
Employee
42 830
-
189 705
-
income
4 647
-
49 275
-
social contributions
4 291
-
4 295
-
total
8 938
-
53 570
-
Employer
42 830
-
189 705
-
social contributions
4 291
-
4 295
-
total
4 291
-
4 295
-
Corporate
146 878
194 000
-
-
income
51 408
67 900
-
-
total
51 408
67 900
-
-
Dividends
95 470
126 100
-
-
social contributions
4 933
4 933
-
-
total
4 933
4 933
-
-
Income
194 000
194 000
194 000
194 000
Total tax
69 570
72 833
57 865
34 757
After tax
124 430
121 167
136 135
159 243
Living cost
33 892
33 892
33 892
33 892
Free-cash
90 538
87 275
102 243
125 351

Estimated living cost  is ₽33892 per week

₽22324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89048
₽74249
₽91648
₽94602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
income
-
-
-
58 505
pensions
-
-
-
9 014
total
-
-
-
67 519
Employee
47 813
-
169 202
-
pensions
3 649
-
10 876
-
income
8 707
-
46 904
-
health
624
-
2 340
-
total
12 980
-
60 120
-
Employer
47 813
-
169 202
-
health
909
-
3 216
-
pensions
4 831
-
21 582
-
total
5 740
-
24 798
-
Corporate
140 448
194 000
-
-
income

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

26 685
36 861
-
-
total
26 685
36 861
-
-
Dividends
113 762
157 139
-
-
withholding
19 160
33 258
-
-
total
19 160
33 258
-
-
Income
194 000
194 000
194 000
194 000
Total tax
64 565
70 119
84 918
67 519
After tax
129 435
123 881
109 082
126 481
Living cost
34 833
34 833
34 833
34 833
Free-cash
94 602
89 048
74 249
91 648

Estimated living cost  is ₽34833 per week

₽23895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3203
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽6852
₽83766
₽109956
₽12252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
accident
-
-
-
239
income
-
-
-
54 881
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
61 478
Employee
35 497
-
176 300
-
pensions
3 997
-
7 227
-
income
4 870
-
42 556
-
health
4 064
-
20 186
-
total
12 931
-
69 969
-
Employer
35 497
-
176 300
-
pensions
5 772
-
10 436
-
accident
593
-
2 944
-
unemployment
870
-
4 319
-
total
7 235
-
17 699
-
Corporate
151 269
194 000
-
-
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.

136 142
174 600
-
-
total
136 142
174 600
-
-
Dividends
15 127
19 400
-
-
withholding
2 874
3 686
-
-
total
2 874
3 686
-
-
Income
194 000
194 000
194 000
194 000
Total tax
159 182
178 286
87 668
61 478
After tax
34 818
15 714
106 332
132 522
Living cost
22 566
22 566
22 566
22 566
Free-cash
12 252
-6 852
83 766
109 956

Estimated living cost  is ₽22566 per week

₽16561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽135797
₽128422
₽107888
₽132972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
194 000
income
-
-
-
32 432
unemployment
-
-
-
1 792
work injury
-
-
-
747
health insurance
-
-
-
11 051
pensions
-
-
-
27 477
total
-
-
-
73 499
Employee

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

20 181
-
194 000
-
health insurance
1 493
-
5 525
-
unemployment
242
-
896
-
work injury
101
-
373
-
pensions
3 713
-
13 739
-
income
2 018
-
32 432
-
total
7 567
-
52 965
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
173 819
194 000
-
-
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%.

17 382
19 400
-
-
total
17 382
19 400
-
-
Dividends
156 437
174 600
-
-
withholding
23 466
26 190
-
-
total
23 466
26 190
-
-
Income
194 000
194 000
194 000
194 000
Total tax
48 415
45 590
52 965
73 499
After tax
145 585
148 410
141 035
120 501
Living cost
12 613
12 613
12 613
12 613
Free-cash
132 972
135 797
128 422
107 888

Estimated living cost  is ₽12613 per week

₽7814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64991
₽45263
₽52934
₽60744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
194 000
social contributions
-
-
-
46 729
regional
-
-
-
4 592
municipal
-
-
-
1 325
national
-
-
-
51 226
total
-
-
-
103 872
Employee
78 675
-
194 000
-
municipal
470
-
1 194
-
national
13 295
-
44 978
-
regional
1 188
-
4 108
-
social contributions
26 529
-
61 263
-
total
41 482
-
111 543
-
Employer
78 675
-
194 000
-
total
-
-
-
-
Corporate
115 325
194 000
-
-
municipal
5 558
9 351
-
-
nationa
27 679
46 561
-
-
total
33 237
55 912
-
-
Dividends
82 088
138 088
-
-
withholding
21 343
35 903
-
-
total
21 343
35 903
-
-
Income
194 000
194 000
194 000
194 000
Total tax
96 062
91 815
111 543
103 872
After tax
97 938
102 185
82 457
90 128
Living cost
37 194
37 194
37 194
37 194
Free-cash
60 744
64 991
45 263
52 934

Estimated living cost  is ₽37194 per week

₽26127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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