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
₽ 212500
per

Your estimated
City
free-cash

Dresden , Germany
₽102639
₽78299
₽76134
₽88820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
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.

-
-
-
6 496
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.

-
-
-
70 676
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.

-
-
-
3 887
trade
-
-
-
26 505
total
-
-
-
107 564
Employee

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

36 370
-
212 500
-
surtax

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

56
-
3 887
-
income

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

1 016
-
70 676
-
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.

6 496
-
6 496
-
total
7 568
-
81 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
176 130
212 500
-
-
chamber of commerce
397
449
-
-
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.

1 453
1 754
-
-
trade
27 741
33 469
-
-
income
26 420
31 875
-
-
total
56 011
67 547
-
-
Dividends
120 119
144 953
-
-
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.

1 631
1 974
-
-
withholding
29 668
35 878
-
-
total
31 299
37 852
-
-
Income
212 500
212 500
212 500
212 500
Total tax
94 878
105 399
81 059
107 564
After tax
117 622
107 101
131 441
104 936
Living cost
28 802
28 802
28 802
28 802
Free-cash
88 820
78 299
102 639
76 134

Estimated living cost  is ₽28802 per week

₽18117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72701
₽82344
₽71561
₽81510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
2 284
pensions
-
-
-
25 500
national
-
-
-
39 352
municipal
-
-
-
23 547
total
-
-
-
90 683
Employee
77 906
-
183 704
-
municipal
9 623
-
24 370
-
national
14 911
-
41 154
-
pensions
3 116
-
7 348
-
total
27 650
-
72 872
-
Employer
77 906
-
183 704
-
pensions
6 232
-
14 696
-
social contributions
837
-
1 975
-
total
7 069
-
16 671
-
Corporate
122 382
212 500
-
-
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%.

24 476
42 500
-
-
total
24 476
42 500
-
-
Dividends
97 906
170 000
-
-
withholding
21 539
37 400
-
-
total
21 539
37 400
-
-
Income
212 500
212 500
212 500
212 500
Total tax
80 734
79 900
89 543
90 683
After tax
131 766
132 600
122 957
121 817
Living cost
50 256
50 256
50 256
50 256
Free-cash
81 510
82 344
72 701
71 561

Estimated living cost  is ₽50256 per week

₽34158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽752
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72530
₽150217
₽57413
₽142418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
social contributions

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

-
-
-
36 433
income
-
-
-
44 683
surtax
-
-
-
54 188
microenterprise
-
-
-
-
total
-
-
-
135 304
Employee
27 786
-
166 845
-
surtax
-
-
24 193
-
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.

3 057
-
12 466
-
income
4 946
-
37 873
-
total
8 003
-
74 532
-
Employer
27 786
-
166 845
-
surtax
-
-
18 354
-
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.

6 693
-
27 301
-
total
6 693
-
45 655
-
Corporate
178 021
212 500
-
-
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%.

35 603
42 500
-
-
total
35 603
42 500
-
-
Dividends

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

142 418
170 000
-
-
total
-
-
-
-
Income
212 500
212 500
212 500
212 500
Total tax
50 299
42 500
120 187
135 304
After tax
162 201
170 000
92 313
77 196
Living cost
19 783
19 783
19 783
19 783
Free-cash
142 418
150 217
72 530
57 413

Estimated living cost  is ₽19783 per week

₽12621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1884
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.
₽4829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96072
₽66042
₽74351
₽60217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
11 726
income
-
-
-
75 447
pensions
-
-
-
11 141
total
-
-
-
98 314
Employee
81 204
81 204
194 828
-
income

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

13 292
13 292
36 054
-
pensions
14 617
11 141
11 141
-
health
12 464
10 602
11 726
-
total
40 373
35 035
58 921
-
Employer
81 204
81 204
194 828
-
unemployment
2 923
2 923
3 633
-
health
5 645
5 645
7 014
-
pensions
5 652
5 652
7 025
-
total
14 220
14 220
17 672
-
Corporate
118 073
117 077
-
-
income
23 614
23 416
-
-
total
23 614
23 416
-
-
Dividends
94 459
93 661
-
-
income
20 072
19 902
-
-
withholding
14 169
14 050
-
-
total
34 241
33 952
-
-
Income
212 500
212 500
212 500
212 500
Total tax
112 448
106 623
76 593
98 314
After tax
100 052
105 877
135 907
114 186
Living cost
39 835
39 835
39 835
39 835
Free-cash
60 217
66 042
96 072
74 351

Estimated living cost  is ₽39835 per week

₽28230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66453
₽76718
₽67408
₽75836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
10 010
health
-
-
-
5 375
accident
-
-
-
172
pensions
-
-
-
9 312
national
-
-
-
24 905
unemployment
-
-
-
86
municipal
-
-
-
55 925
total
-
-
-
105 785
Employee
56 008
-
185 433
-
municipal
16 702
-
55 296
-
national
-
-
24 378
-
total
16 702
-
79 674
-
Employer
56 008
-
185 433
-
other
6 508
-
10 010
-
unemployment
1 479
-
2 274
-
health
3 444
-
5 298
-
accident
112
-
172
-
pensions
6 054
-
9 312
-
total
17 597
-
27 066
-
Corporate
138 894
212 500
-
-
income
30 557
46 750
-
-
total
30 557
46 750
-
-
Dividends
108 338
165 750
-
-
withholding
32 501
49 725
-
-
total
32 501
49 725
-
-
Income
212 500
212 500
212 500
212 500
Total tax
97 357
96 475
106 740
105 785
After tax
115 143
116 025
105 760
106 715
Living cost
39 307
39 307
39 307
39 307
Free-cash
75 836
76 718
66 453
67 408

Estimated living cost  is ₽39307 per week

₽26051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94085
₽68656
₽66402
₽82019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
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.

-
-
-
6 496
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.

-
-
-
70 676
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.

-
-
-
3 887
trade
-
-
-
27 683
total
-
-
-
108 742
Employee

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

48 222
-
212 500
-
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.

227
-
3 887
-
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.

4 143
-
70 676
-
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.

6 496
-
6 496
-
total
10 866
-
81 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
164 278
212 500
-
-
chamber of commerce
377
446
-
-
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.

1 355
1 754
-
-
trade
27 023
34 955
-
-
income
24 641
31 875
-
-
total
53 396
69 030
-
-
Dividends
110 882
143 470
-
-
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.

1 505
1 952
-
-
withholding
27 358
35 506
-
-
total
28 863
37 458
-
-
Income
212 500
212 500
212 500
212 500
Total tax
93 125
106 488
81 059
108 742
After tax
119 375
106 012
131 441
103 758
Living cost
37 356
37 356
37 356
37 356
Free-cash
82 019
68 656
94 085
66 402

Estimated living cost  is ₽37356 per week

₽24984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110400
₽124031
₽112147
₽120089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
15 385
health
-
-
-
5 419
income
-
-
-
48 706
total
-
-
-
69 510
Employee
73 120
73 120
200 603
-
social contributions
3 553
6 069
8 185
-
income
7 678
6 769
47 764
-
health
727
1 243
3 411
-
total
11 958
14 081
59 360
-
Employer
73 120
73 120
200 603
-
health
792
1 353
3 712
-
social contributions
3 553
6 069
8 185
-
total
4 345
7 422
11 897
-
Corporate
165 353
131 958
-
-
income
20 669
16 495
-
-
total
20 669
16 495
-
-
Dividends
144 684
115 462
-
-
withholding
24 596
19 628
-
-
total
24 596
19 628
-
-
Income
212 500
212 500
212 500
212 500
Total tax
61 568
57 626
71 257
69 510
After tax
150 932
154 874
141 243
142 990
Living cost
30 843
30 843
30 843
30 843
Free-cash
120 089
124 031
110 400
112 147

Estimated living cost  is ₽30843 per week

₽21084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105711
₽101804
₽129732
₽102167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
14 875
income
-
-
-
25 978
pensions
-
-
-
21 250
unemployment
-
-
-
3 188
total
-
-
-
65 291
Employee

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

The minimum wage is 138,000 HUF per month.

25 229
10 041
177 824
-
income
3 084
1 227
21 739
-
pensions
2 523
1 004
17 782
-
health
1 766
703
12 448
-
unemployment
378
151
2 667
-
total
7 751
3 085
54 636
-
Employer

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

The minimum wage is 138,000 HUF per month.

25 229
10 041
177 824
-
pensions
4 920
1 958
34 676
-
total
4 920
1 958
34 676
-
Corporate
182 351
200 501
-
-
income
16 412
18 045
-
-
total
16 412
18 045
-
-
Dividends
165 940
182 456
-
-
social contributions
32 244
35 464
-
-
withholding
31 529
34 667
-
-
total
63 773
70 131
-
-
Income
212 500
212 500
212 500
212 500
Total tax
92 856
93 219
89 312
65 291
After tax
119 644
119 281
123 188
147 209
Living cost
17 477
17 477
17 477
17 477
Free-cash
102 167
101 804
105 711
129 732

Estimated living cost  is ₽17477 per week

₽11927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99515
₽147032
₽90933
₽141125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
27 626
income
-
-
-
28 475
pensions
-
-
-
42 498
total
-
-
-
98 599
Employee
26 976
-
158 819
-
income
3 037
-
30 621
-
pensions
540
-
3 176
-
unemployment
431
-
2 541
-
total
4 008
-
36 338
-
Employer
26 976
-
158 819
-
unemployment
217
-
1 270
-
health
3 506
-
20 646
-
pensions
5 396
-
31 763
-
total
9 119
-
53 679
-
Corporate
176 406
212 500
-
-
income
35 280
42 500
-
-
total
35 280
42 500
-
-
Dividends
141 126
170 000
-
-
total
-
-
-
-
Income
212 500
212 500
212 500
212 500
Total tax
48 407
42 500
90 017
98 599
After tax
164 093
170 000
122 483
113 901
Living cost
22 968
22 968
22 968
22 968
Free-cash
141 125
147 032
99 515
90 933

Estimated living cost  is ₽22968 per week

₽15754
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.
₽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.
₽5385
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95943
-₽3820
₽124075
₽13987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
354
health
-
-
-
2 085
accident
-
-
-
241
income
-
-
-
60 735
pensions
-
-
-
3 978
total
-
-
-
67 393
Employee
33 085
-
193 976
-
income
4 539
-
47 496
-
pensions
3 725
-
7 294
-
health
3 788
-
22 210
-
total
12 052
-
77 000
-
Employer
33 085
-
193 976
-
unemployment
811
-
4 753
-
accident
552
-
3 239
-
pensions
5 380
-
10 533
-
total
6 743
-
18 525
-
Corporate
172 672
212 500
-
-
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.

155 405
191 250
-
-
total
155 405
191 250
-
-
Dividends
17 267
21 250
-
-
withholding
3 281
4 038
-
-
total
3 281
4 038
-
-
Income
212 500
212 500
212 500
212 500
Total tax
177 481
195 288
95 525
67 393
After tax
35 019
17 212
116 975
145 107
Living cost
21 032
21 032
21 032
21 032
Free-cash
13 987
-3 820
95 943
124 075

Estimated living cost  is ₽21032 per week

₽15415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽162035
₽193910
₽202410
₽192417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
212 500
microenterprise

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

-
-
-
2 125
total
-
-
-
2 125
Employee
9 956
-
212 500
-
income
1 991
-
42 500
-
total
1 991
-
42 500
-
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%.

202 544
212 500
-
-
total
-
-
-
-
Dividends
202 544
212 500
-
-
withholding
10 127
10 625
-
-
total
10 127
10 625
-
-
Income
212 500
212 500
212 500
212 500
Total tax
12 118
10 625
42 500
2 125
After tax
200 382
201 875
170 000
210 375
Living cost
7 965
7 965
7 965
7 965
Free-cash
192 417
193 910
162 035
202 410

Estimated living cost  is ₽7965 per week

₽4936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100351
₽130787
₽102109
₽124364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
6 868
health
-
-
-
6 363
income
-
-
-
37 117
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.

-
-
-
34 705
total
-
-
-
85 053
Employee
34 526
-
175 812
-
income
5 944
-
36 531
-
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.

2 416
-
10 122
-
health
484
-
2 025
-
unemployment
345
-
1 445
-
total
9 189
-
50 123
-
Employer
34 526
-
175 812
-
other
1 727
-
7 229
-
unemployment
345
-
1 445
-
health
484
-
2 025
-
accident
276
-
1 406
-
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.

5 870
-
24 583
-
total
8 702
-
36 688
-
Corporate
169 272
212 500
-
-
income
35 547
44 624
-
-
total
35 547
44 624
-
-
Dividends
133 725
167 876
-
-
withholding
9 360
11 751
-
-
total
9 360
11 751
-
-
Income
212 500
212 500
212 500
212 500
Total tax
62 798
56 375
86 811
85 053
After tax
149 702
156 125
125 689
127 447
Living cost
25 338
25 338
25 338
25 338
Free-cash
124 364
130 787
100 351
102 109

Estimated living cost  is ₽25338 per week

₽17903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55299
₽70952
₽74277
₽78556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
income
-
-
-
65 628
pensions
-
-
-
9 420
total
-
-
-
75 048
Employee
89 383
-
185 204
-
income
16 112
-
52 976
-
health
1 473
-
2 505
-
pensions
8 623
-
11 251
-
total
26 208
-
66 732
-
Employer
89 383
-
185 204
-
health
1 698
-
3 518
-
pensions
10 554
-
23 776
-
total
12 252
-
27 294
-
Corporate
110 866
212 500
-
-
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.

21 066
40 375
-
-
total
21 066
40 375
-
-
Dividends
89 800
172 125
-
-
withholding
11 243
37 998
-
-
total
11 243
37 998
-
-
Income
212 500
212 500
212 500
212 500
Total tax
70 769
78 373
94 026
75 048
After tax
141 731
134 127
118 474
137 452
Living cost
63 175
63 175
63 175
63 175
Free-cash
78 556
70 952
55 299
74 277

Estimated living cost  is ₽63175 per week

₽47338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽168229
₽169285
₽159400
₽164890
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
3 800
income
-
-
-
31 875
pensions

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

-
-
-
4 890
unemployment
-
-
-
132
total
-
-
-
40 697
Employee
16 423
-
206 017
-
income
1 642
-
20 602
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
pensions

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

1 442
-
2 901
-
health
755
-
1 520
-
total
4 020
-
25 386
-
Employer
16 423
-
206 017
-
unemployment
98
-
198
-
health
1 134
-
2 280
-
accident

We are using the highest rate at 1.1%.

181
-
363
-
pensions

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

1 810
-
3 641
-
total
3 223
-
6 482
-
Corporate
192 855
212 500
-
-
income
19 286
21 250
-
-
total
19 286
21 250
-
-
Dividends
173 569
191 250
-
-
withholding
8 678
9 562
-
-
total
8 678
9 562
-
-
Income
212 500
212 500
212 500
212 500
Total tax
35 207
30 812
31 868
40 697
After tax
177 293
181 688
180 632
171 803
Living cost
12 403
12 403
12 403
12 403
Free-cash
164 890
169 285
168 229
159 400

Estimated living cost  is ₽12403 per week

₽7241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83178
₽53148
₽61457
₽55542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
11 726
income
-
-
-
75 447
pensions
-
-
-
11 141
total
-
-
-
98 314
Employee
88 161
81 204
194 828
-
income

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

13 292
13 292
36 054
-
pensions
11 141
11 141
11 141
-
health
10 999
10 602
11 726
-
total
35 432
35 035
58 921
-
Employer
88 161
81 204
194 828
-
unemployment
3 174
2 923
3 633
-
health
6 126
5 645
7 014
-
pensions
6 135
5 652
7 025
-
total
15 435
14 220
17 672
-
Corporate
108 903
117 077
-
-
income
21 781
23 416
-
-
total
21 781
23 416
-
-
Dividends
87 122
93 661
-
-
income
18 513
19 902
-
-
withholding
13 068
14 050
-
-
total
31 581
33 952
-
-
Income
212 500
212 500
212 500
212 500
Total tax
104 229
106 623
76 593
98 314
After tax
108 271
105 877
135 907
114 186
Living cost
52 729
52 729
52 729
52 729
Free-cash
55 542
53 148
83 178
61 457

Estimated living cost  is ₽52729 per week

₽38897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92450
₽122866
₽101710
₽114503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
33 729
health
-
-
-
28 688
income
-
-
-
22 513
solidarity contribution
-
-
-
2 420
total
-
-
-
87 350
Employee
34 470
-
168 461
-
social contributions
2 241
-
7 508
-
solidarity contribution
-
-
1 589
-
income
4 136
-
20 732
-
health
4 654
-
22 742
-
total
11 031
-
52 571
-
Employer
34 470
-
168 461
-
health
3 102
-
15 161
-
social contributions
8 618
-
28 878
-
total
11 720
-
44 039
-
Corporate
166 310
212 500
-
-
income
31 599
40 375
-
-
total
31 599
40 375
-
-
Dividends
134 711
172 125
-
-
withholding
20 207
25 819
-
-
total
20 207
25 819
-
-
Income
212 500
212 500
212 500
212 500
Total tax
74 557
66 194
96 610
87 350
After tax
137 943
146 306
115 890
125 150
Living cost
23 440
23 440
23 440
23 440
Free-cash
114 503
122 866
92 450
101 710

Estimated living cost  is ₽23440 per week

₽16282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽54139
₽73252
₽62197
₽68288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
47 593
national
-
-
-
58 586
regional
-
-
-
2 680
municipal
-
-
-
1 319
total
-
-
-
110 178
Employee
84 511
-
212 500
-
social contributions
28 497
-
62 395
-
municipal
448
-
1 200
-
national
14 644
-
52 219
-
regional
797
-
2 422
-
total
44 386
-
118 236
-
Employer
84 511
-
212 500
-
total
-
-
-
-
Corporate
127 989
212 500
-
-
nationa
30 717
51 000
-
-
municipal
4 991
8 288
-
-
total
35 708
59 288
-
-
Dividends
92 281
153 212
-
-
withholding
23 993
39 835
-
-
total
23 993
39 835
-
-
Income
212 500
212 500
212 500
212 500
Total tax
104 087
99 123
118 236
110 178
After tax
108 413
113 377
94 264
102 322
Living cost
40 125
40 125
40 125
40 125
Free-cash
68 288
73 252
54 139
62 197

Estimated living cost  is ₽40125 per week

₽27970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73168
₽112681
₽78981
₽109719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
-
health
-
-
-
9 010
income
-
-
-
66 697
pensions
-
-
-
25 382
surtax
-
-
-
11 230
unemployment
-
-
-
217
total
-
-
-
112 536
Employee
31 446
-
185 786
-
surtax
103
-
10 093
-
income
5 271
-
61 009
-
other
-
-
-
-
pensions
2 097
-
8 465
-
health
803
-
3 236
-
unemployment
2 189
-
8 833
-
total
10 463
-
91 636
-
Employer
31 446
-
185 786
-
other
-
-
-
-
unemployment
996
-
4 022
-
health
1 431
-
5 774
-
pensions
4 192
-
16 917
-
total
6 619
-
26 713
-
Corporate
174 435
212 500
-
-
income
45 353
55 249
-
-
total
45 353
55 249
-
-
Dividends
129 082
157 251
-
-
withholding
19 363
23 587
-
-
total
19 363
23 587
-
-
Income
212 500
212 500
212 500
212 500
Total tax
81 798
78 836
118 349
112 536
After tax
130 702
133 664
94 151
99 964
Living cost
20 983
20 983
20 983
20 983
Free-cash
109 719
112 681
73 168
78 981

Estimated living cost  is ₽20983 per week

₽12830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1936
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75315
₽90968
₽94293
₽97208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
income
-
-
-
65 628
pensions
-
-
-
9 420
total
-
-
-
75 048
Employee
59 902
-
185 204
-
income
10 789
-
52 976
-
health
870
-
2 505
-
pensions
5 084
-
11 251
-
total
16 743
-
66 732
-
Employer
59 902
-
185 204
-
health
1 138
-
3 518
-
pensions
6 484
-
23 776
-
total
7 622
-
27 294
-
Corporate
144 976
212 500
-
-
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.

27 546
40 375
-
-
total
27 546
40 375
-
-
Dividends
117 430
172 125
-
-
withholding
20 222
37 998
-
-
total
20 222
37 998
-
-
Income
212 500
212 500
212 500
212 500
Total tax
72 133
78 373
94 026
75 048
After tax
140 367
134 127
118 474
137 452
Living cost
43 159
43 159
43 159
43 159
Free-cash
97 208
90 968
75 315
94 293

Estimated living cost  is ₽43159 per week

₽32335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3235
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽84537
₽20701
₽92780
₽53422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
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.

-
-
-
4 250
health
-
-
-
477
pensions
-
-
-
19 550
city
-
-
-
2 239
national
-
-
-
5 104
regional
-
-
-
11 629
total
-
-
-
43 249
Employee
89 491
-
190 974
-
national
424
-
4 118
-
city
960
-
2 062
-
pensions
7 518
-
15 174
-
health
202
-
430
-
regional
2 930
-
10 284
-
unemployment
-
-
-
-
total
12 034
-
32 068
-
Employer
89 491
-
190 974
-
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.

1 789
-
3 820
-
unemployment
-
-
-
-
health
202
-
430
-
pensions
7 518
-
15 174
-
total
9 509
-
19 424
-
Corporate
112 515
212 500
-
-
regional
23 796
44 943
-
-
national
9 563
18 063
-
-
total
33 359
63 006
-
-
Dividends
79 156
149 493
-
-
withholding
27 705
52 322
-
-
total
27 705
52 322
-
-
Income
212 500
212 500
212 500
212 500
Total tax
82 607
115 328
51 492
43 249
After tax
129 893
97 172
161 008
169 251
Living cost
76 471
76 471
76 471
76 471
Free-cash
53 422
20 701
84 537
92 780

Estimated living cost  is ₽76471 per week

₽49728
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽939
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18941
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽87879
₽61354
₽59017
₽76775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
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.

-
-
-
6 496
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.

-
-
-
70 676
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.

-
-
-
3 887
trade
-
-
-
28 862
total
-
-
-
109 921
Employee

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

57 148
-
212 500
-
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.

370
-
3 887
-
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.

6 720
-
70 676
-
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.

6 496
-
6 496
-
total
13 586
-
81 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
155 352
212 500
-
-
chamber of commerce
363
444
-
-
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.

1 281
1 754
-
-
trade
26 642
36 444
-
-
income
23 304
31 875
-
-
total
51 590
70 517
-
-
Dividends
103 763
141 983
-
-
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.

1 408
1 933
-
-
withholding
25 579
35 134
-
-
total
26 987
37 067
-
-
Income
212 500
212 500
212 500
212 500
Total tax
92 163
107 584
81 059
109 921
After tax
120 337
104 916
131 441
102 579
Living cost
43 562
43 562
43 562
43 562
Free-cash
76 775
61 354
87 879
59 017

Estimated living cost  is ₽43562 per week

₽31816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77738
₽74565
₽83873
₽80181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
6 588
social contributions
-
-
-
6 054
health
-
-
-
10 390
income
-
-
-
39 459
pensions
-
-
-
33 602
surtax
-
-
-
-
total
-
-
-
96 093
Employee
40 697
-
162 150
-
surtax
-
-
-
-
social contributions
1 160
-
4 620
-
income
2 402
-
35 025
-
pensions
4 602
-
12 233
-
total
8 164
-
51 878
-
Employer
40 697
-
162 150
-
other
1 404
-
6 733
-
unemployment
1 648
-
6 567
-
health
2 849
-
16 139
-
pensions
6 686
-
20 424
-
social contributions
123
-
487
-
total
12 710
-
50 350
-
Corporate
159 093
212 500
-
-
surtax
-
-
-
-
income
44 547
59 501
-
-
total
44 547
59 501
-
-
Dividends
114 547
152 999
-
-
social contributions
19 702
26 315
-
-
surtax
-
-
-
-
withholding
14 662
19 585
-
-
total
34 364
45 900
-
-
Income
212 500
212 500
212 500
212 500
Total tax
99 785
105 401
102 228
96 093
After tax
112 715
107 099
110 272
116 407
Living cost
32 534
32 534
32 534
32 534
Free-cash
80 181
74 565
77 738
83 873

Estimated living cost  is ₽32534 per week

₽20514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80962
₽77789
₽87097
₽83074
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
6 588
social contributions
-
-
-
6 054
health
-
-
-
10 390
income
-
-
-
39 459
pensions
-
-
-
33 602
surtax
-
-
-
-
total
-
-
-
96 093
Employee
36 328
-
162 150
-
surtax
-
-
-
-
social contributions
1 036
-
4 620
-
income
1 873
-
35 025
-
pensions
4 109
-
12 233
-
total
7 018
-
51 878
-
Employer
36 328
-
162 150
-
other
1 254
-
6 733
-
unemployment
1 471
-
6 567
-
health
2 543
-
16 139
-
pensions
5 969
-
20 424
-
social contributions
108
-
487
-
total
11 345
-
50 350
-
Corporate
164 827
212 500
-
-
surtax
-
-
-
-
income
46 151
59 501
-
-
total
46 151
59 501
-
-
Dividends
118 676
152 999
-
-
social contributions
20 411
26 315
-
-
surtax
-
-
-
-
withholding
15 191
19 585
-
-
total
35 602
45 900
-
-
Income
212 500
212 500
212 500
212 500
Total tax
100 116
105 401
102 228
96 093
After tax
112 384
107 099
110 272
116 407
Living cost
29 310
29 310
29 310
29 310
Free-cash
83 074
77 789
80 962
87 097

Estimated living cost  is ₽29310 per week

₽16999
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.
₽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.
₽8779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110599
₽109479
₽116303
₽109973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
29 325
health
-
-
-
14 833
income
-
-
-
31 875
total
-
-
-
76 033
Employee
32 241
-
212 500
-
social contributions
4 450
-
29 325
-
income
5 377
-
37 579
-
health
2 250
-
14 833
-
total
12 077
-
81 737
-
Employer
32 241
-
212 500
-
total
-
-
-
-
Corporate
180 259
212 500
-
-
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%.

9 014
10 625
-
-
total
9 014
10 625
-
-
Dividends
171 245
201 875
-
-
social contributions
23 632
27 858
-
-
withholding
25 687
30 282
-
-
health
11 953
14 092
-
-
total
61 272
72 232
-
-
Income
212 500
212 500
212 500
212 500
Total tax
82 363
82 857
81 737
76 033
After tax
130 137
129 643
130 763
136 467
Living cost
20 164
20 164
20 164
20 164
Free-cash
109 973
109 479
110 599
116 303

Estimated living cost  is ₽20164 per week

₽13494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1243
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22218
₽83637
₽75377
₽82166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
8 498
income
-
-
-
67 697
chamber of commerce
-
-
-
850
pensions
-
-
-
20 552
surtax
-
-
-
188
unemployment
-
-
-
5 832
total
-
-
-
103 617
Employee
47 522
37 895
175 630
-
income
5 410
2 795
56 781
-
other
475
379
1 112
-
pensions
4 867
3 880
11 376
-
health
1 839
1 467
4 298
-
unemployment
1 426
1 137
3 333
-
total
14 017
9 658
76 900
-
Employer
47 522
37 895
175 630
-
other
2 257
1 799
7 794
-
unemployment
1 426
1 137
3 333
-
health
1 796
1 433
4 199
-
surtax
188
188
188
-
accident
617
493
1 444
-
pensions
5 964
4 757
13 942
-
payroll
1 426
1 137
5 269
-
chamber of commerce
189
152
702
-
total
13 863
11 096
36 871
-
Corporate
151 116
163 511
172 021
-
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.

37 780
40 878
43 005
-
total
37 780
40 878
43 005
-
Dividends
113 336
122 633
-
-
withholding
31 168
33 725
-
-
total
31 168
33 725
-
-
Income
212 500
212 500
212 500
212 500
Total tax
96 828
95 357
156 776
103 617
After tax
115 672
117 143
55 724
108 883
Living cost
33 506
33 506
33 506
33 506
Free-cash
82 166
83 637
22 218
75 377

Estimated living cost  is ₽33506 per week

₽22347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37633
₽82021
₽57747
₽69818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
23 708
communal

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

-
-
-
11 327
national
-
-
-
85 047
total
-
-
-
120 082
Employee

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

68 019
-
164 586
-
national
20 912
-
62 188
-
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.

5 101
-
12 345
-
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.

3 196
-
7 736
-
communal

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

3 548
-
8 584
-
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.

592
-
1 433
-
total
33 349
-
92 286
-
Employer

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

68 019
-
164 586
-
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.

992
-
2 404
-
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.

4 183
-
10 122
-
surtax
7 713
-
18 662
-
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.

884
-
2 140
-
pensions

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

6 027
-
14 582
-
total
19 799
-
47 910
-
Corporate
124 682
212 500
-
-
surtax
498
908
-
-
income
24 937
45 384
-
-
total
25 435
46 292
-
-
Dividends
99 247
166 208
-
-
withholding

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

29 428
49 516
-
-
total
29 428
49 516
-
-
Income
212 500
212 500
212 500
212 500
Total tax
108 011
95 808
140 196
120 082
After tax
104 489
116 692
72 304
92 418
Living cost
34 671
34 671
34 671
34 671
Free-cash
69 818
82 021
37 633
57 747

Estimated living cost  is ₽34671 per week

₽22333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80419
₽106761
₽84410
₽100248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
67 308
pensions
-
-
-
24 942
unemployment
-
-
-
617
total
-
-
-
93 749
Employee
47 334
-
184 402
-
income
9 987
-
64 044
-
other
47
-
88
-
pensions
2 225
-
4 143
-
unemployment
734
-
1 366
-
total
12 993
-
69 641
-
Employer
47 334
-
184 402
-
other
377
-
706
-
unemployment
2 604
-
4 847
-
accident
937
-
1 745
-
pensions
11 170
-
20 801
-
total
15 088
-
28 099
-
Corporate
150 078
212 500
-
-
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.

22 511
31 875
-
-
total
22 511
31 875
-
-
Dividends
127 567
180 625
-
-
withholding
27 319
39 523
-
-
total
27 319
39 523
-
-
Income
212 500
212 500
212 500
212 500
Total tax
77 911
71 398
97 740
93 749
After tax
134 589
141 102
114 760
118 751
Living cost
34 341
34 341
34 341
34 341
Free-cash
100 248
106 761
80 419
84 410

Estimated living cost  is ₽34341 per week

₽25289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽56817
₽68782
₽48346
₽55712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
14 931
accident
-
-
-
1 792
income
-
-
-
39 939
pensions
-
-
-
31 852
communal
-
-
-
13 429
surtax
-
-
-
10 535
total
-
-
-
112 478
Employee
72 011
-
189 817
-
surtax
4 414
-
11 634
-
income
6 956
-
46 058
-
pensions
5 760
-
15 185
-
health
3 205
-
8 447
-
total
20 335
-
81 324
-
Employer
72 011
-
189 817
-
health
2 196
-
5 789
-
accident
648
-
1 709
-
pensions
5 760
-
15 185
-
total
8 604
-
22 683
-
Corporate
131 885
212 500
-
-
surtax
1 384
2 230
-
-
income
19 783
31 875
-
-
communal
8 902
14 344
-
-
total
30 069
48 449
-
-
Dividends
101 816
164 050
-
-
income
30 832
18 985
-
-
withholding
15 272
24 608
-
-
total
46 104
43 593
-
-
Income
212 500
212 500
212 500
212 500
Total tax
105 112
92 042
104 007
112 478
After tax
107 388
120 458
108 493
100 022
Living cost
51 676
51 676
51 676
51 676
Free-cash
55 712
68 782
56 817
48 346

Estimated living cost  is ₽51676 per week

₽38765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3131
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.
₽9232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72793
₽112306
₽78606
₽109279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
-
health
-
-
-
9 010
income
-
-
-
66 697
pensions
-
-
-
25 382
surtax
-
-
-
11 230
unemployment
-
-
-
217
total
-
-
-
112 536
Employee
32 023
-
185 786
-
surtax
114
-
10 093
-
income
5 368
-
61 009
-
other
-
-
-
-
pensions
2 137
-
8 465
-
health
817
-
3 236
-
unemployment
2 229
-
8 833
-
total
10 665
-
91 636
-
Employer
32 023
-
185 786
-
other
-
-
-
-
unemployment
1 016
-
4 022
-
health
1 456
-
5 774
-
pensions
4 270
-
16 917
-
total
6 742
-
26 713
-
Corporate
173 735
212 500
-
-
income
45 171
55 249
-
-
total
45 171
55 249
-
-
Dividends
128 564
157 251
-
-
withholding
19 285
23 587
-
-
total
19 285
23 587
-
-
Income
212 500
212 500
212 500
212 500
Total tax
81 863
78 836
118 349
112 536
After tax
130 637
133 664
94 151
99 964
Living cost
21 358
21 358
21 358
21 358
Free-cash
109 279
112 306
72 793
78 606

Estimated living cost  is ₽21358 per week

₽12895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68024
₽86078
₽76039
₽83968
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
47 593
national
-
-
-
58 586
regional
-
-
-
3 348
municipal
-
-
-
1 319
total
-
-
-
110 846
Employee
52 748
-
212 500
-
social contributions
17 787
-
62 395
-
municipal
280
-
1 200
-
national
8 357
-
52 219
-
regional
710
-
3 047
-
total
27 134
-
118 861
-
Employer
52 748
-
212 500
-
total
-
-
-
-
Corporate
159 752
212 500
-
-
nationa
38 341
51 000
-
-
municipal
7 940
10 562
-
-
total
46 281
61 562
-
-
Dividends
113 471
150 939
-
-
withholding
29 502
39 245
-
-
total
29 502
39 245
-
-
Income
212 500
212 500
212 500
212 500
Total tax
102 917
100 807
118 861
110 846
After tax
109 583
111 693
93 639
101 654
Living cost
25 615
25 615
25 615
25 615
Free-cash
83 968
86 078
68 024
76 039

Estimated living cost  is ₽25615 per week

₽15930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87006
₽117422
₽96266
₽107118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
33 729
health
-
-
-
28 688
income
-
-
-
22 513
solidarity contribution
-
-
-
2 420
total
-
-
-
87 350
Employee
42 476
-
168 461
-
social contributions
2 761
-
7 508
-
solidarity contribution
-
-
1 589
-
income
5 097
-
20 732
-
health
5 734
-
22 742
-
total
13 592
-
52 571
-
Employer
42 476
-
168 461
-
health
3 823
-
15 161
-
social contributions
10 619
-
28 878
-
total
14 442
-
44 039
-
Corporate
155 581
212 500
-
-
income
29 561
40 375
-
-
total
29 561
40 375
-
-
Dividends
126 021
172 125
-
-
withholding
18 903
25 819
-
-
total
18 903
25 819
-
-
Income
212 500
212 500
212 500
212 500
Total tax
76 498
66 194
96 610
87 350
After tax
136 002
146 306
115 890
125 150
Living cost
28 884
28 884
28 884
28 884
Free-cash
107 118
117 422
87 006
96 266

Estimated living cost  is ₽28884 per week

₽21480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25433
₽86909
₽78734
₽86439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
8 498
income
-
-
-
67 697
chamber of commerce
-
-
-
850
pensions
-
-
-
20 552
surtax
-
-
-
-
unemployment
-
-
-
5 832
total
-
-
-
103 429
Employee
41 567
37 895
175 803
-
income
3 703
2 795
56 864
-
other
415
379
1 112
-
pensions
4 257
3 880
11 376
-
health
1 608
1 467
4 298
-
unemployment
1 247
1 137
3 333
-
total
11 230
9 658
76 983
-
Employer
41 567
37 895
175 803
-
other
1 974
1 799
7 801
-
unemployment
1 247
1 137
3 333
-
health
1 572
1 433
4 199
-
surtax
-
-
-
-
accident
540
493
1 444
-
pensions
5 217
4 757
13 942
-
payroll
1 247
1 137
5 275
-
chamber of commerce
166
152
704
-
total
11 963
10 908
36 698
-
Corporate
158 971
163 698
172 194
-
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.

39 743
40 925
43 049
-
total
39 743
40 925
43 049
-
Dividends
119 228
122 773
-
-
withholding
32 788
33 763
-
-
total
32 788
33 763
-
-
Income
212 500
212 500
212 500
212 500
Total tax
95 724
95 254
156 730
103 429
After tax
116 776
117 246
55 770
109 071
Living cost
30 337
30 337
30 337
30 337
Free-cash
86 439
86 909
25 433
78 734

Estimated living cost  is ₽30337 per week

₽18199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽157588
₽189463
₽197963
₽187136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
212 500
microenterprise

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

-
-
-
2 125
total
-
-
-
2 125
Employee
15 516
-
212 500
-
income
3 103
-
42 500
-
total
3 103
-
42 500
-
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%.

196 984
212 500
-
-
total
-
-
-
-
Dividends
196 984
212 500
-
-
withholding
9 849
10 625
-
-
total
9 849
10 625
-
-
Income
212 500
212 500
212 500
212 500
Total tax
12 952
10 625
42 500
2 125
After tax
199 548
201 875
170 000
210 375
Living cost
12 412
12 412
12 412
12 412
Free-cash
187 136
189 463
157 588
197 963

Estimated living cost  is ₽12412 per week

₽8400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽416
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68688
₽120802
₽73300
₽112845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
health
-
-
-
20 911
income
-
-
-
53 657
pensions
-
-
-
38 808
unemployment
-
-
-
319
total
-
-
-
113 695
Employee

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

42 049
-
183 871
-
income
7 251
-
49 042
-
pensions
6 518
-
28 501
-
health
2 716
-
11 877
-
unemployment
60
-
258
-
total
16 545
-
89 678
-
Employer

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

42 049
-
183 871
-
unemployment
25
-
110
-
health
2 801
-
12 246
-
pensions
3 721
-
16 273
-
total
6 547
-
28 629
-
Corporate
163 904
212 500
-
-
income
31 143
40 374
-
-
total
31 143
40 374
-
-
Dividends
132 761
172 126
-
-
withholding
19 915
25 819
-
-
total
19 915
25 819
-
-
Income
212 500
212 500
212 500
212 500
Total tax
74 150
66 193
118 307
113 695
After tax
138 350
146 307
94 193
98 805
Living cost
25 506
25 506
25 506
25 506
Free-cash
112 845
120 802
68 688
73 300

Estimated living cost  is ₽25506 per week

₽17504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽156320
₽86231
₽103801
₽38769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
24 225
income
-
-
-
41 420
total
-
-
-
65 645
Employee
61 734
-
-
-
social contributions
5 062
-
721
-
income
13 617
-
-
-
total
18 679
-
721
-
Employer
61 734
-
-
-
social contributions
87 044
-
12 405
-
total
87 044
-
12 405
-
Corporate
63 722
212 500
-
-
income
14 019
46 750
-
-
total
14 019
46 750
-
-
Dividends
49 703
165 750
-
-
income
10 935
36 465
-
-
total
10 935
36 465
-
-
Income
212 500
212 500
212 500
212 500
Total tax
130 677
83 215
13 126
65 645
After tax
81 823
129 285
199 374
146 855
Living cost
43 054
43 054
43 054
43 054
Free-cash
38 769
86 231
156 320
103 801

Estimated living cost  is ₽43054 per week

₽27935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64546
₽91043
₽81090
₽90086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
social contributions

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

-
-
-
73 843
income
-
-
-
27 740
surtax
-
-
-
-
total
-
-
-
101 583
Employee
43 734
-
171 718
-
surtax
-
-
211
-
social contributions
4 811
-
18 890
-
income
9 097
-
58 244
-
total
13 908
-
77 345
-
Employer
43 734
-
171 718
-
social contributions
10 387
-
40 782
-
total
10 387
-
40 782
-
Corporate
158 379
212 500
-
-
surtax
-
-
-
-
income
33 259
44 624
-
-
total
33 259
44 624
-
-
Dividends
125 120
167 876
-
-
withholding
35 033
47 006
-
-
total
35 033
47 006
-
-
Income
212 500
212 500
212 500
212 500
Total tax
92 587
91 630
118 127
101 583
After tax
119 913
120 870
94 373
110 917
Living cost
29 827
29 827
29 827
29 827
Free-cash
90 086
91 043
64 546
81 090

Estimated living cost  is ₽29827 per week

₽22317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1759
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64344
₽61171
₽70479
₽67711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
6 588
social contributions
-
-
-
6 054
health
-
-
-
10 390
income
-
-
-
39 459
pensions
-
-
-
33 602
surtax
-
-
-
-
total
-
-
-
96 093
Employee
59 557
-
162 150
-
surtax
-
-
-
-
social contributions
1 696
-
4 620
-
income
5 196
-
35 025
-
pensions
6 736
-
12 233
-
total
13 628
-
51 878
-
Employer
59 557
-
162 150
-
other
2 055
-
6 733
-
unemployment
2 413
-
6 567
-
health
4 168
-
16 139
-
pensions
9 786
-
20 424
-
social contributions
179
-
487
-
total
18 601
-
50 350
-
Corporate
134 342
212 500
-
-
surtax
-
-
-
-
income
37 615
59 501
-
-
total
37 615
59 501
-
-
Dividends
96 726
152 999
-
-
social contributions
16 636
26 315
-
-
surtax
-
-
-
-
withholding
12 381
19 585
-
-
total
29 017
45 900
-
-
Income
212 500
212 500
212 500
212 500
Total tax
98 861
105 401
102 228
96 093
After tax
113 639
107 099
110 272
116 407
Living cost
45 928
45 928
45 928
45 928
Free-cash
67 711
61 171
64 344
70 479

Estimated living cost  is ₽45928 per week

₽31083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽132012
₽162666
₽126366
₽159471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
income
-
-
-
10 800
social contributions
-
-
-
46 750
total
-
-
-
57 550
Employee
30 571
-
183 983
-
income
-
-
11 428
-
social contributions
1 987
-
11 959
-
total
1 987
-
23 387
-
Employer
30 571
-
183 983
-
social contributions
4 739
-
28 517
-
total
4 739
-
28 517
-
Corporate
177 191
212 500
-
-
income
17 719
21 250
-
-
total
17 719
21 250
-
-
Dividends
159 472
191 250
-
-
total
-
-
-
-
Income
212 500
212 500
212 500
212 500
Total tax
24 445
21 250
51 904
57 550
After tax
188 055
191 250
160 596
154 950
Living cost
28 584
28 584
28 584
28 584
Free-cash
159 471
162 666
132 012
126 366

Estimated living cost  is ₽28584 per week

₽18482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5630
₽5630
₽76986
₽3206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
labour market
-
-
-
16 934
pensions
-
-
-
823
national
-
-
-
26 421
municipal
-
-
-
45 609
total
-
-
-
89 787
Employee
193 003
193 003
193 003
-
labour market
15 418
15 418
15 418
-
municipal
41 099
41 099
41 099
-
national
23 579
23 579
23 579
-
pensions
274
274
274
-
total
80 370
80 370
80 370
-
Employer
193 003
193 003
193 003
-
national
23 620
23 620
23 620
-
labour market
15 440
15 440
15 440
-
pensions
549
549
549
-
municipal
41 164
41 164
41 164
-
total
80 773
80 773
80 773
-
Corporate
5 630
-
-
-
income
1 239
-
-
-
total
1 239
-
-
-
Dividends
4 391
-
-
-
withholding
1 185
-
-
-
total
1 185
-
-
-
Income
212 500
212 500
212 500
212 500
Total tax
163 567
161 143
161 143
89 787
After tax
48 933
51 357
51 357
122 713
Living cost
45 727
45 727
45 727
45 727
Free-cash
3 206
5 630
5 630
76 986

Estimated living cost  is ₽45727 per week

₽31296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽703
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96253
-₽3510
₽124385
₽14034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
354
health
-
-
-
2 085
accident
-
-
-
241
income
-
-
-
60 735
pensions
-
-
-
3 978
total
-
-
-
67 393
Employee
32 597
-
193 976
-
income
4 472
-
47 496
-
pensions
3 671
-
7 294
-
health
3 733
-
22 210
-
total
11 876
-
77 000
-
Employer
32 597
-
193 976
-
unemployment
799
-
4 753
-
accident
544
-
3 239
-
pensions
5 300
-
10 533
-
total
6 643
-
18 525
-
Corporate
173 259
212 500
-
-
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.

155 933
191 250
-
-
total
155 933
191 250
-
-
Dividends
17 326
21 250
-
-
withholding
3 292
4 038
-
-
total
3 292
4 038
-
-
Income
212 500
212 500
212 500
212 500
Total tax
177 744
195 288
95 525
67 393
After tax
34 756
17 212
116 975
145 107
Living cost
20 722
20 722
20 722
20 722
Free-cash
14 034
-3 510
96 253
124 385

Estimated living cost  is ₽20722 per week

₽15083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4068
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69671
₽93852
₽94014
₽96789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
212 500
health
-
-
-
2 876
national
-
-
-
41 369
municipal
-
-
-
37 733
total
-
-
-
81 978
Employee
50 029
-
178 766
-
municipal
8 194
-
29 100
-
national
826
-
26 381
-
pensions
3 376
-
12 067
-
health
374
-
2 357
-
unemployment
751
-
2 682
-
total
13 521
-
72 587
-
Employer
50 029
-
178 766
-
unemployment
325
-
1 162
-
health
384
-
1 377
-
accident
51
-
179
-
pensions
8 680
-
31 016
-
total
9 440
-
33 734
-
Corporate
153 031
212 500
-
-
income
30 607
42 500
-
-
total
30 607
42 500
-
-
Dividends

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

91 818
127 500
-
-
national
9 107
16 690
-
-
municipal
16 528
22 950
-
-
total
25 635
39 640
-
-
Income
212 500
212 500
212 500
212 500
Total tax
79 203
82 140
106 321
81 978
After tax
133 297
130 360
106 179
130 522
Living cost
36 508
36 508
36 508
36 508
Free-cash
96 789
93 852
69 671
94 014

Estimated living cost  is ₽36508 per week

₽23847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119227
₽132858
₽120974
₽127683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
15 385
health
-
-
-
5 419
income
-
-
-
48 706
total
-
-
-
69 510
Employee
73 120
73 120
200 603
-
social contributions
2 765
6 069
8 185
-
income
7 962
6 769
47 764
-
health
567
1 243
3 411
-
total
11 294
14 081
59 360
-
Employer
73 120
73 120
200 603
-
health
615
1 353
3 712
-
social contributions
2 765
6 069
8 185
-
total
3 380
7 422
11 897
-
Corporate
175 811
131 958
-
-
income
21 976
16 495
-
-
total
21 976
16 495
-
-
Dividends
153 836
115 462
-
-
withholding
26 151
19 628
-
-
total
26 151
19 628
-
-
Income
212 500
212 500
212 500
212 500
Total tax
62 801
57 626
71 257
69 510
After tax
149 699
154 874
141 243
142 990
Living cost
22 016
22 016
22 016
22 016
Free-cash
127 683
132 858
119 227
120 974

Estimated living cost  is ₽22016 per week

₽13195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2160
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.
₽6175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽146820
₽160873
₽165893
₽156037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
212 500
health
-
-
-
3 441
income
-
-
-
21 992
pensions
-
-
-
6 049
unemployment
-
-
-
27
total
-
-
-
31 509
Employee

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

21 827
-
203 207
-
income
1 492
-
19 635
-
pensions
3 273
-
13 534
-
health
1 855
-
7 669
-
unemployment
108
-
451
-
total
6 728
-
41 289
-
Employer

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

21 827
-
203 207
-
unemployment
108
-
451
-
health
938
-
3 880
-
pensions
1 200
-
4 962
-
total
2 246
-
9 293
-
Corporate
188 427
212 500
-
-
income
16 959
19 124
-
-
total
16 959
19 124
-
-
Dividends
171 468
193 376
-
-
withholding
15 432
17 405
-
-
total
15 432
17 405
-
-
Income
212 500
212 500
212 500
212 500
Total tax
41 365
36 529
50 582
31 509
After tax
171 135
175 971
161 918
180 991
Living cost
15 098
15 098
15 098
15 098
Free-cash
156 037
160 873
146 820
165 893

Estimated living cost  is ₽15098 per week

₽9633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1088
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.
₽3927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88611
₽114953
₽92602
₽110754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
67 308
pensions
-
-
-
24 942
unemployment
-
-
-
617
total
-
-
-
93 749
Employee
35 161
-
184 402
-
income
6 779
-
64 044
-
other
34
-
88
-
pensions
1 653
-
4 143
-
unemployment
545
-
1 366
-
total
9 011
-
69 641
-
Employer
35 161
-
184 402
-
other
282
-
706
-
unemployment
1 934
-
4 847
-
accident
697
-
1 745
-
pensions
8 297
-
20 801
-
total
11 210
-
28 099
-
Corporate
166 130
212 500
-
-
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.

24 919
31 875
-
-
total
24 919
31 875
-
-
Dividends
141 211
180 625
-
-
withholding
30 457
39 523
-
-
total
30 457
39 523
-
-
Income
212 500
212 500
212 500
212 500
Total tax
75 597
71 398
97 740
93 749
After tax
136 903
141 102
114 760
118 751
Living cost
26 149
26 149
26 149
26 149
Free-cash
110 754
114 953
88 611
92 602

Estimated living cost  is ₽26149 per week

₽17650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽135194
₽130832
₽135318
₽130542
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
935
income
-
-
-
73 189
pensions
-
-
-
1 290
total
-
-
-
75 414
Employee
2 693
-
211 049
-
income
521
-
73 121
-
pensions
242
-
580
-
health
135
-
322
-
unemployment
27
-
64
-
total
925
-
74 087
-
Employer
2 693
-
211 049
-
unemployment
54
-
129
-
health
256
-
613
-
pensions
296
-
709
-
total
606
-
1 451
-
Corporate
209 201
212 500
-
-
income
46 024
46 750
-
-
total
46 024
46 750
-
-
Dividends
163 177
165 750
-
-
withholding
32 635
33 150
-
-
total
32 635
33 150
-
-
Income
212 500
212 500
212 500
212 500
Total tax
80 190
79 900
75 538
75 414
After tax
132 310
132 600
136 962
137 086
Living cost
1 768
1 768
1 768
1 768
Free-cash
130 542
130 832
135 194
135 318

Estimated living cost  is ₽1768 per week

₽1051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽40
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽120265
₽137055
₽120265
₽132370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
health
-
-
-
7 252
income
-
-
-
49 145
pensions
-
-
-
18 306
unemployment
-
-
-
1 056
total
-
-
-
75 759
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.

24 845
-
199 897
-
income
3 425
-
49 145
-
pensions
3 478
-
9 857
-
health
1 279
-
3 626
-
unemployment
186
-
528
-
total
8 368
-
63 156
-
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.

24 845
-
199 897
-
unemployment
186
-
528
-
health
1 279
-
3 626
-
pensions
2 981
-
8 449
-
total
4 446
-
12 603
-
Corporate
183 208
212 500
-
-
income
27 481
31 875
-
-
total
27 481
31 875
-
-
Dividends
155 727
180 625
-
-
withholding
23 359
27 094
-
-
total
23 359
27 094
-
-
Income
212 500
212 500
212 500
212 500
Total tax
63 654
58 969
75 759
75 759
After tax
148 846
153 531
136 741
136 741
Living cost
16 476
16 476
16 476
16 476
Free-cash
132 370
137 055
120 265
120 265

Estimated living cost  is ₽16476 per week

₽11093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68737
₽95234
₽85281
₽94892
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
social contributions

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

-
-
-
73 843
income
-
-
-
27 740
surtax
-
-
-
-
total
-
-
-
101 583
Employee
36 907
-
171 718
-
surtax
-
-
211
-
social contributions
4 060
-
18 890
-
income
7 211
-
58 244
-
total
11 271
-
77 345
-
Employer
36 907
-
171 718
-
social contributions
8 765
-
40 782
-
total
8 765
-
40 782
-
Corporate
166 829
212 500
-
-
surtax
-
-
-
-
income
35 033
44 624
-
-
total
35 033
44 624
-
-
Dividends
131 795
167 876
-
-
withholding
36 903
47 006
-
-
total
36 903
47 006
-
-
Income
212 500
212 500
212 500
212 500
Total tax
91 972
91 630
118 127
101 583
After tax
120 528
120 870
94 373
110 917
Living cost
25 636
25 636
25 636
25 636
Free-cash
94 892
95 234
68 737
85 281

Estimated living cost  is ₽25636 per week

₽18157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1781
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.
₽5244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81341
₽107683
₽85332
₽101464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
67 308
pensions
-
-
-
24 942
unemployment
-
-
-
617
total
-
-
-
93 749
Employee
45 924
-
184 402
-
income
9 592
-
64 044
-
other
45
-
88
-
pensions
2 158
-
4 143
-
unemployment
711
-
1 366
-
total
12 506
-
69 641
-
Employer
45 924
-
184 402
-
other
368
-
706
-
unemployment
2 526
-
4 847
-
accident
909
-
1 745
-
pensions
10 838
-
20 801
-
total
14 641
-
28 099
-
Corporate
151 934
212 500
-
-
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.

22 789
31 875
-
-
total
22 789
31 875
-
-
Dividends
129 144
180 625
-
-
withholding
27 681
39 523
-
-
total
27 681
39 523
-
-
Income
212 500
212 500
212 500
212 500
Total tax
77 617
71 398
97 740
93 749
After tax
134 883
141 102
114 760
118 751
Living cost
33 419
33 419
33 419
33 419
Free-cash
101 464
107 683
81 341
85 332

Estimated living cost  is ₽33419 per week

₽24000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽164359
₽165415
₽155530
₽159649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
health
-
-
-
3 800
income
-
-
-
31 875
pensions

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

-
-
-
4 890
unemployment
-
-
-
132
total
-
-
-
40 697
Employee
21 548
-
206 017
-
income
2 155
-
20 602
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
pensions

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

1 892
-
2 901
-
health
991
-
1 520
-
total
5 275
-
25 386
-
Employer
21 548
-
206 017
-
unemployment
129
-
198
-
health
1 487
-
2 280
-
accident

We are using the highest rate at 1.1%.

237
-
363
-
pensions

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

2 374
-
3 641
-
total
4 227
-
6 482
-
Corporate
186 725
212 500
-
-
income
18 673
21 250
-
-
total
18 673
21 250
-
-
Dividends
168 052
191 250
-
-
withholding
8 403
9 562
-
-
total
8 403
9 562
-
-
Income
212 500
212 500
212 500
212 500
Total tax
36 578
30 812
31 868
40 697
After tax
175 922
181 688
180 632
171 803
Living cost
16 273
16 273
16 273
16 273
Free-cash
159 649
165 415
164 359
155 530

Estimated living cost  is ₽16273 per week

₽10763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94729
₽72576
₽70579
₽85017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
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.

-
-
-
6 496
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.

-
-
-
70 676
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.

-
-
-
3 887
trade
-
-
-
24 150
total
-
-
-
105 209
Employee

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

47 314
-
212 500
-
surtax

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

215
-
3 887
-
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.

3 891
-
70 676
-
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.

6 496
-
6 496
-
total
10 602
-
81 059
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
165 186
212 500
-
-
chamber of commerce
386
457
-
-
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.

1 362
1 754
-
-
trade
23 704
30 493
-
-
income
24 778
31 875
-
-
total
50 230
64 579
-
-
Dividends
114 956
147 921
-
-
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.

1 561
2 014
-
-
withholding
28 378
36 619
-
-
total
29 939
38 633
-
-
Income
212 500
212 500
212 500
212 500
Total tax
90 771
103 212
81 059
105 209
After tax
121 729
109 288
131 441
107 291
Living cost
36 712
36 712
36 712
36 712
Free-cash
85 017
72 576
94 729
70 579

Estimated living cost  is ₽36712 per week

₽25325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3950
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.
₽6904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽52554
₽94581
₽52554
₽96680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
income
-
-
-
69 283
social contributions
-
-
-
36 495
total
-
-
-
105 778
Employee
74 382
-
212 500
-
income
14 036
-
69 283
-
social contributions
6 180
-
36 495
-
total
20 216
-
105 778
-
Employer
74 382
-
212 500
-
total
-
-
-
-
Corporate
138 118
212 500
-
-
income
17 264
26 563
-
-
total
17 264
26 563
-
-
Dividends
120 854
185 937
-
-
withholding
24 172
37 188
-
-
total
24 172
37 188
-
-
Income
212 500
212 500
212 500
212 500
Total tax
61 652
63 751
105 778
105 778
After tax
150 848
148 749
106 722
106 722
Living cost
54 168
54 168
54 168
54 168
Free-cash
96 680
94 581
52 554
52 554

Estimated living cost  is ₽54168 per week

₽41210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113828
₽98583
₽140204
₽101906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
income
-
-
-
31 875
health

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

-
-
-
5 903
total
-
-
-
37 778
Employee
43 622
-
208 126
-
income
4 733
-
55 406
-
social contributions
4 371
-
4 374
-
total
9 104
-
59 780
-
Employer
43 622
-
208 126
-
social contributions
4 371
-
4 374
-
total
4 371
-
4 374
-
Corporate
164 507
212 500
-
-
income
57 577
74 375
-
-
total
57 577
74 375
-
-
Dividends
106 930
138 125
-
-
social contributions
5 024
5 024
-
-
total
5 024
5 024
-
-
Income
212 500
212 500
212 500
212 500
Total tax
76 076
79 399
64 154
37 778
After tax
136 424
133 101
148 346
174 722
Living cost
34 518
34 518
34 518
34 518
Free-cash
101 906
98 583
113 828
140 204

Estimated living cost  is ₽34518 per week

₽22737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83387
₽99040
₽102365
₽104634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
income
-
-
-
65 628
pensions
-
-
-
9 420
total
-
-
-
75 048
Employee
48 162
-
185 204
-
income
8 771
-
52 976
-
health
628
-
2 505
-
pensions
3 676
-
11 251
-
total
13 075
-
66 732
-
Employer
48 162
-
185 204
-
health
915
-
3 518
-
pensions
4 866
-
23 776
-
total
5 781
-
27 294
-
Corporate
158 557
212 500
-
-
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.

30 125
40 375
-
-
total
30 125
40 375
-
-
Dividends
128 431
172 125
-
-
withholding
23 798
37 998
-
-
total
23 798
37 998
-
-
Income
212 500
212 500
212 500
212 500
Total tax
72 779
78 373
94 026
75 048
After tax
139 721
134 127
118 474
137 452
Living cost
35 087
35 087
35 087
35 087
Free-cash
104 634
99 040
83 387
102 365

Estimated living cost  is ₽35087 per week

₽24070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3227
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽94201
-₽5562
₽122333
₽13718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
other
-
-
-
354
health
-
-
-
2 085
accident
-
-
-
241
income
-
-
-
60 735
pensions
-
-
-
3 978
total
-
-
-
67 393
Employee
35 824
-
193 976
-
income
4 915
-
47 496
-
pensions
4 034
-
7 294
-
health
4 102
-
22 210
-
total
13 051
-
77 000
-
Employer
35 824
-
193 976
-
unemployment
878
-
4 753
-
accident
598
-
3 239
-
pensions
5 825
-
10 533
-
total
7 301
-
18 525
-
Corporate
169 376
212 500
-
-
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.

152 438
191 250
-
-
total
152 438
191 250
-
-
Dividends
16 938
21 250
-
-
withholding
3 218
4 038
-
-
total
3 218
4 038
-
-
Income
212 500
212 500
212 500
212 500
Total tax
176 008
195 288
95 525
67 393
After tax
36 492
17 212
116 975
145 107
Living cost
22 774
22 774
22 774
22 774
Free-cash
13 718
-5 562
94 201
122 333

Estimated living cost  is ₽22774 per week

₽16713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142960
₽149689
₽122004
₽146806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
212 500
income
-
-
-
35 711
health insurance
-
-
-
11 278
work injury
-
-
-
762
pensions
-
-
-
28 043
unemployment
-
-
-
1 829
total
-
-
-
77 623
Employee

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

20 597
-
212 500
-
income
2 060
-
35 711
-
work injury
103
-
381
-
health insurance
1 524
-
5 639
-
pensions
3 790
-
14 022
-
unemployment
247
-
914
-
total
7 724
-
56 667
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
191 903
212 500
-
-
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%.

19 190
21 250
-
-
total
19 190
21 250
-
-
Dividends
172 713
191 250
-
-
withholding
25 907
28 688
-
-
total
25 907
28 688
-
-
Income
212 500
212 500
212 500
212 500
Total tax
52 821
49 938
56 667
77 623
After tax
159 679
162 562
155 833
134 877
Living cost
12 873
12 873
12 873
12 873
Free-cash
146 806
149 689
142 960
122 004

Estimated living cost  is ₽12873 per week

₽7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽53972
₽74048
₽61782
₽69722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
212 500
social contributions
-
-
-
47 593
national
-
-
-
58 586
regional
-
-
-
5 174
municipal
-
-
-
1 483
total
-
-
-
112 836
Employee
80 130
-
212 500
-
social contributions
27 019
-
62 395
-
municipal
478
-
1 352
-
national
13 541
-
52 219
-
regional
1 210
-
4 680
-
total
42 248
-
120 646
-
Employer
80 130
-
212 500
-
total
-
-
-
-
Corporate
132 370
212 500
-
-
nationa
31 769
51 000
-
-
municipal
6 381
10 242
-
-
total
38 150
61 242
-
-
Dividends
94 221
151 258
-
-
withholding
24 498
39 328
-
-
total
24 498
39 328
-
-
Income
212 500
212 500
212 500
212 500
Total tax
104 896
100 570
120 646
112 836
After tax
107 604
111 930
91 854
99 664
Living cost
37 882
37 882
37 882
37 882
Free-cash
69 722
74 048
53 972
61 782

Estimated living cost  is ₽37882 per week

₽26610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2606
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.
₽8093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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