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
₽ 232000
per

Your estimated
City
free-cash

Dresden , Germany
₽98843
₽113690
₽88453
₽84028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
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.

-
-
-
6 417
trade
-
-
-
29 662
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.

-
-
-
79 093
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.

-
-
-
4 351
total
-
-
-
119 523
Employee

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

35 924
-
232 000
-
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.

6 417
-
6 417
-
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.

1 003
-
79 093
-
surtax

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

55
-
4 351
-
total
7 475
-
89 861
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
196 076
232 000
-
-
income
29 411
34 799
-
-
chamber of commerce
424
476
-
-
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.

1 618
1 914
-
-
trade
30 882
36 541
-
-
total
62 335
73 730
-
-
Dividends
133 740
158 270
-
-
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.

1 820
2 157
-
-
withholding
33 078
39 211
-
-
total
34 898
41 368
-
-
Income
232 000
232 000
232 000
232 000
Total tax
104 708
115 098
89 861
119 523
After tax
127 292
116 902
142 139
112 477
Living cost
28 449
28 449
28 449
28 449
Free-cash
98 843
88 453
113 690
84 028

Estimated living cost  is ₽28449 per week

₽17895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94551
₽83085
₽95373
₽81839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
2 494
municipal
-
-
-
25 843
pensions
-
-
-
27 840
national
-
-
-
44 589
total
-
-
-
100 766
Employee
76 572
-
200 562
-
pensions
3 063
-
8 022
-
municipal
9 458
-
26 741
-
national
14 656
-
46 556
-
total
27 177
-
81 319
-
Employer
76 572
-
200 562
-
pensions
6 126
-
16 045
-
social contributions
823
-
2 156
-
total
6 949
-
18 201
-
Corporate
143 426
232 000
-
-
income

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

28 685
46 400
-
-
total
28 685
46 400
-
-
Dividends
114 741
185 600
-
-
withholding
25 243
40 832
-
-
total
25 243
40 832
-
-
Income
232 000
232 000
232 000
232 000
Total tax
88 054
87 232
99 520
100 766
After tax
143 946
144 768
132 480
131 234
Living cost
49 395
49 395
49 395
49 395
Free-cash
94 551
95 373
83 085
81 839

Estimated living cost  is ₽49395 per week

₽33573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽739
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽158355
₽82415
₽166059
₽66239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
social contributions

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

-
-
-
35 986
income
-
-
-
51 076
surtax
-
-
-
59 159
microenterprise
-
-
-
-
total
-
-
-
146 221
Employee
27 445
-
184 715
-
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.

3 019
-
12 313
-
income
4 886
-
43 663
-
surtax
-
-
26 784
-
total
7 905
-
82 760
-
Employer
27 445
-
184 715
-
surtax
-
-
20 319
-
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.

6 611
-
26 966
-
total
6 611
-
47 285
-
Corporate
197 944
232 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

39 589
46 401
-
-
total
39 589
46 401
-
-
Dividends

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

158 355
185 599
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
54 105
46 401
130 045
146 221
After tax
177 895
185 599
101 955
85 779
Living cost
19 540
19 540
19 540
19 540
Free-cash
158 355
166 059
82 415
66 239

Estimated living cost  is ₽19540 per week

₽12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70755
₽108992
₽76508
₽84106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
11 582
income
-
-
-
85 962
pensions
-
-
-
11 004
total
-
-
-
108 548
Employee
80 207
80 207
214 545
-
pensions
14 437
11 004
11 004
-
health
12 311
10 472
11 582
-
income

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

13 129
13 129
43 621
-
total
39 877
34 605
66 207
-
Employer
80 207
80 207
214 545
-
pensions
5 582
5 582
6 939
-
health
5 575
5 575
6 928
-
unemployment
2 887
2 887
3 588
-
total
14 044
14 044
17 455
-
Corporate
138 731
137 747
-
-
income
27 746
27 550
-
-
total
27 746
27 550
-
-
Dividends
110 985
110 197
-
-
income
23 585
23 417
-
-
withholding
16 647
16 530
-
-
total
40 232
39 947
-
-
Income
232 000
232 000
232 000
232 000
Total tax
121 899
116 146
83 662
108 548
After tax
110 101
115 854
148 338
123 452
Living cost
39 346
39 346
39 346
39 346
Free-cash
70 755
76 508
108 992
84 106

Estimated living cost  is ₽39346 per week

₽27884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87169
₽75769
₽88037
₽76704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
169
health
-
-
-
5 284
municipal
-
-
-
61 868
pensions
-
-
-
9 153
other
-
-
-
9 839
unemployment
-
-
-
85
national
-
-
-
30 263
total
-
-
-
116 661
Employee
55 051
-
205 396
-
municipal
16 416
-
61 249
-
national
-
-
29 744
-
total
16 416
-
90 993
-
Employer
55 051
-
205 396
-
pensions
5 951
-
9 153
-
other
6 397
-
9 839
-
health
3 386
-
5 207
-
unemployment
1 453
-
2 235
-
accident
110
-
169
-
total
17 297
-
26 603
-
Corporate
159 653
232 000
-
-
income
35 124
51 040
-
-
total
35 124
51 040
-
-
Dividends
124 529
180 960
-
-
withholding
37 359
54 288
-
-
total
37 359
54 288
-
-
Income
232 000
232 000
232 000
232 000
Total tax
106 196
105 328
117 596
116 661
After tax
125 804
126 672
114 404
115 339
Living cost
38 635
38 635
38 635
38 635
Free-cash
87 169
88 037
75 769
76 704

Estimated living cost  is ₽38635 per week

₽25605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3791
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92009
₽105242
₽78814
₽74262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
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.

-
-
-
6 417
trade
-
-
-
30 980
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.

-
-
-
79 093
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.

-
-
-
4 351
total
-
-
-
120 841
Employee

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

47 631
-
232 000
-
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.

6 417
-
6 417
-
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.

4 092
-
79 093
-
surtax

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

225
-
4 351
-
total
10 734
-
89 861
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
184 369
232 000
-
-
income
27 656
34 799
-
-
chamber of commerce
405
472
-
-
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.

1 520
1 914
-
-
trade
30 329
38 164
-
-
total
59 910
75 349
-
-
Dividends
124 460
156 650
-
-
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.

1 691
2 134
-
-
withholding
30 759
38 806
-
-
total
32 450
40 940
-
-
Income
232 000
232 000
232 000
232 000
Total tax
103 094
116 289
89 861
120 841
After tax
128 906
115 711
142 139
111 159
Living cost
36 897
36 897
36 897
36 897
Free-cash
92 009
78 814
105 242
74 262

Estimated living cost  is ₽36897 per week

₽24677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₽134672
₽122915
₽138566
₽124775
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
15 197
health
-
-
-
5 916
income
-
-
-
55 648
total
-
-
-
76 761
Employee
72 223
72 223
219 848
-
health
718
1 228
3 738
-
social contributions
3 510
5 994
8 085
-
income
7 584
6 686
54 646
-
total
11 812
13 908
66 469
-
Employer
72 223
72 223
219 848
-
health
782
1 337
4 067
-
social contributions
3 510
5 994
8 085
-
total
4 292
7 331
12 152
-
Corporate
185 432
152 446
-
-
income
23 178
19 055
-
-
total
23 178
19 055
-
-
Dividends
162 254
133 390
-
-
withholding
27 582
22 676
-
-
total
27 582
22 676
-
-
Income
232 000
232 000
232 000
232 000
Total tax
66 864
62 970
78 621
76 761
After tax
165 136
169 030
153 379
155 239
Living cost
30 464
30 464
30 464
30 464
Free-cash
134 672
138 566
122 915
124 775

Estimated living cost  is ₽30464 per week

₽20825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113272
₽117214
₽112911
₽143440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
16 240
income
-
-
-
28 362
pensions
-
-
-
23 200
unemployment
-
-
-
3 480
total
-
-
-
71 282
Employee

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

The minimum wage is 138,000 HUF per month.

24 942
9 926
194 142
-
unemployment
374
149
2 912
-
pensions
2 494
993
19 414
-
health
1 746
695
13 590
-
income
3 049
1 214
23 734
-
total
7 663
3 051
59 650
-
Employer

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

The minimum wage is 138,000 HUF per month.

24 942
9 926
194 142
-
pensions
4 864
1 936
37 858
-
total
4 864
1 936
37 858
-
Corporate
202 195
220 138
-
-
income
18 198
19 812
-
-
total
18 198
19 812
-
-
Dividends
183 997
200 325
-
-
social contributions
35 766
38 950
-
-
withholding
34 959
38 062
-
-
total
70 725
77 012
-
-
Income
232 000
232 000
232 000
232 000
Total tax
101 450
101 811
97 508
71 282
After tax
130 550
130 189
134 492
160 718
Living cost
17 278
17 278
17 278
17 278
Free-cash
113 272
112 911
117 214
143 440

Estimated living cost  is ₽17278 per week

₽11791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽157079
₽111033
₽162913
₽101665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
30 160
income
-
-
-
31 088
pensions
-
-
-
46 401
total
-
-
-
107 649
Employee
26 645
-
173 393
-
unemployment
426
-
2 775
-
pensions
533
-
3 469
-
income
3 000
-
33 430
-
total
3 959
-
39 674
-
Employer
26 645
-
173 393
-
pensions
5 329
-
34 678
-
health
3 463
-
22 542
-
unemployment
214
-
1 387
-
total
9 006
-
58 607
-
Corporate
196 349
232 000
-
-
income
39 270
46 401
-
-
total
39 270
46 401
-
-
Dividends
157 079
185 599
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
52 235
46 401
98 281
107 649
After tax
179 765
185 599
133 719
124 351
Living cost
22 686
22 686
22 686
22 686
Free-cash
157 079
162 913
111 033
101 665

Estimated living cost  is ₽22686 per week

₽15560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₽15576
₽107301
-₽2177
₽137395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
241
health
-
-
-
2 079
income
-
-
-
66 997
pensions
-
-
-
3 966
other
-
-
-
353
total
-
-
-
73 636
Employee
32 986
-
212 734
-
pensions
3 714
-
7 272
-
health
3 777
-
24 358
-
income
4 525
-
52 834
-
total
12 016
-
84 464
-
Employer
32 986
-
212 734
-
pensions
5 364
-
10 501
-
unemployment
808
-
5 212
-
accident
551
-
3 553
-
total
6 723
-
19 266
-
Corporate
192 292
232 000
-
-
income

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

173 063
208 800
-
-
total
173 063
208 800
-
-
Dividends
19 229
23 200
-
-
withholding
3 653
4 408
-
-
total
3 653
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
195 455
213 208
103 730
73 636
After tax
36 545
18 792
128 270
158 364
Living cost
20 969
20 969
20 969
20 969
Free-cash
15 576
-2 177
107 301
137 395

Estimated living cost  is ₽20969 per week

₽15369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽211267
₽177909
₽212709
₽221989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
232 000
microenterprise

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

-
-
-
2 320
total
-
-
-
2 320
Employee
9 614
-
232 000
-
income
1 922
-
46 400
-
total
1 922
-
46 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

222 386
232 000
-
-
total
-
-
-
-
Dividends
222 386
232 000
-
-
withholding
11 120
11 600
-
-
total
11 120
11 600
-
-
Income
232 000
232 000
232 000
232 000
Total tax
13 042
11 600
46 400
2 320
After tax
218 958
220 400
185 600
229 680
Living cost
7 691
7 691
7 691
7 691
Free-cash
211 267
212 709
177 909
221 989

Estimated living cost  is ₽7691 per week

₽4766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽139080
₽115569
₽145423
₽117436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
6 285
income
-
-
-
42 189
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.

-
-
-
34 279
other
-
-
-
6 784
total
-
-
-
89 537
Employee
34 103
-
195 586
-
unemployment
340
-
1 428
-
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.

2 387
-
9 997
-
health
478
-
2 000
-
income
5 871
-
41 565
-
total
9 076
-
54 990
-
Employer
34 103
-
195 586
-
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.

5 798
-
24 281
-
other
1 706
-
7 140
-
health
478
-
2 000
-
unemployment
340
-
1 428
-
accident
273
-
1 565
-
total
8 595
-
36 414
-
Corporate
189 302
232 000
-
-
income
39 754
48 720
-
-
total
39 754
48 720
-
-
Dividends
149 548
183 280
-
-
withholding
10 468
12 830
-
-
total
10 468
12 830
-
-
Income
232 000
232 000
232 000
232 000
Total tax
67 893
61 550
91 404
89 537
After tax
164 107
170 450
140 596
142 463
Living cost
25 027
25 027
25 027
25 027
Free-cash
139 080
145 423
115 569
117 436

Estimated living cost  is ₽25027 per week

₽17683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90237
₽66500
₽82837
₽87110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
income
-
-
-
73 750
pensions
-
-
-
9 672
total
-
-
-
83 422
Employee
86 968
-
202 016
-
pensions
8 390
-
11 382
-
health
1 433
-
2 656
-
income
15 677
-
60 010
-
total
25 500
-
74 048
-
Employer
86 968
-
202 016
-
pensions
10 268
-
26 146
-
health
1 652
-
3 838
-
total
11 920
-
29 984
-
Corporate
133 111
232 000
-
-
income

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

25 292
44 080
-
-
total
25 292
44 080
-
-
Dividends
107 820
187 920
-
-
withholding
17 583
43 615
-
-
total
17 583
43 615
-
-
Income
232 000
232 000
232 000
232 000
Total tax
80 295
87 695
104 032
83 422
After tax
151 705
144 305
127 968
148 578
Living cost
61 468
61 468
61 468
61 468
Free-cash
90 237
82 837
66 500
87 110

Estimated living cost  is ₽61468 per week

₽46059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7222
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.
₽7688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽181702
₽185967
₽186059
₽176149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
3 769
income
-
-
-
34 800
pensions

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

-
-
-
4 850
unemployment
-
-
-
131
total
-
-
-
43 550
Employee
16 288
-
225 570
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
pensions

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

1 430
-
2 878
-
health
749
-
1 508
-
income
1 629
-
22 557
-
total
3 987
-
27 303
-
Employer
16 288
-
225 570
-
pensions

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

1 795
-
3 611
-
health
1 124
-
2 261
-
unemployment
97
-
197
-
accident

We are using the highest rate at 1.1%.

179
-
360
-
total
3 195
-
6 429
-
Corporate
212 515
232 000
-
-
income
21 252
23 200
-
-
total
21 252
23 200
-
-
Dividends
191 264
208 800
-
-
withholding
9 563
10 440
-
-
total
9 563
10 440
-
-
Income
232 000
232 000
232 000
232 000
Total tax
37 997
33 640
33 732
43 550
After tax
194 003
198 360
198 268
188 450
Living cost
12 301
12 301
12 301
12 301
Free-cash
181 702
186 059
185 967
176 149

Estimated living cost  is ₽12301 per week

₽7182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₽66135
₽96256
₽63772
₽71370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
11 582
income
-
-
-
85 962
pensions
-
-
-
11 004
total
-
-
-
108 548
Employee
87 079
80 207
214 545
-
pensions
11 004
11 004
11 004
-
health
10 864
10 472
11 582
-
income

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

13 129
13 129
43 621
-
total
34 997
34 605
66 207
-
Employer
87 079
80 207
214 545
-
pensions
6 060
5 582
6 939
-
health
6 051
5 575
6 928
-
unemployment
3 135
2 887
3 588
-
total
15 246
14 044
17 455
-
Corporate
129 674
137 747
-
-
income
25 935
27 550
-
-
total
25 935
27 550
-
-
Dividends
103 739
110 197
-
-
income
22 045
23 417
-
-
withholding
15 560
16 530
-
-
total
37 605
39 947
-
-
Income
232 000
232 000
232 000
232 000
Total tax
113 783
116 146
83 662
108 548
After tax
118 217
115 854
148 338
123 452
Living cost
52 082
52 082
52 082
52 082
Free-cash
66 135
63 772
96 256
71 370

Estimated living cost  is ₽52082 per week

₽38419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4652
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.
₽8415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128132
₽104768
₽136441
₽115132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
33 515
health
-
-
-
31 320
income
-
-
-
25 075
solidarity contribution
-
-
-
3 667
total
-
-
-
93 577
Employee
34 252
-
186 519
-
solidarity contribution
-
-
2 737
-
health
4 624
-
25 180
-
social contributions
2 226
-
7 461
-
income
4 110
-
23 082
-
total
10 960
-
58 460
-
Employer
34 252
-
186 519
-
health
3 083
-
16 787
-
social contributions
8 563
-
28 694
-
total
11 646
-
45 481
-
Corporate
186 103
232 000
-
-
income
35 360
44 080
-
-
total
35 360
44 080
-
-
Dividends
150 743
187 920
-
-
withholding
22 611
28 188
-
-
total
22 611
28 188
-
-
Income
232 000
232 000
232 000
232 000
Total tax
80 577
72 268
103 941
93 577
After tax
151 423
159 732
128 059
138 423
Living cost
23 291
23 291
23 291
23 291
Free-cash
128 132
136 441
104 768
115 132

Estimated living cost  is ₽23291 per week

₽16178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1657
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.
₽4998
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79244
₽65510
₽84150
₽73475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
47 009
municipal
-
-
-
1 479
regional
-
-
-
3 032
national
-
-
-
67 372
total
-
-
-
118 892
Employee
83 474
-
232 000
-
regional
788
-
2 777
-
municipal
442
-
1 364
-
national
14 464
-
61 086
-
social contributions
28 147
-
61 630
-
total
43 841
-
126 857
-
Employer
83 474
-
232 000
-
total
-
-
-
-
Corporate
148 526
232 000
-
-
municipal
5 793
9 047
-
-
nationa
35 646
55 680
-
-
total
41 439
64 727
-
-
Dividends
107 087
167 273
-
-
withholding
27 843
43 490
-
-
total
27 843
43 490
-
-
Income
232 000
232 000
232 000
232 000
Total tax
113 123
108 217
126 857
118 892
After tax
118 877
123 783
105 143
113 108
Living cost
39 633
39 633
39 633
39 633
Free-cash
79 244
84 150
65 510
73 475

Estimated living cost  is ₽39633 per week

₽27627
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.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122279
₽82437
₽125202
₽88179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
8 899
income
-
-
-
75 828
surtax
-
-
-
13 083
pensions
-
-
-
25 071
other
-
-
-
-
unemployment
-
-
-
214
total
-
-
-
123 095
Employee
31 060
-
205 614
-
unemployment
2 162
-
8 725
-
pensions
2 071
-
8 361
-
health
793
-
3 196
-
income
5 206
-
70 210
-
other
-
-
-
-
surtax
102
-
11 958
-
total
10 334
-
102 450
-
Employer
31 060
-
205 614
-
pensions
4 140
-
16 710
-
other
-
-
-
-
health
1 413
-
5 704
-
unemployment
984
-
3 973
-
total
6 537
-
26 387
-
Corporate
194 402
232 000
-
-
income
50 545
60 320
-
-
total
50 545
60 320
-
-
Dividends
143 857
171 680
-
-
withholding
21 579
25 752
-
-
total
21 579
25 752
-
-
Income
232 000
232 000
232 000
232 000
Total tax
88 995
86 072
128 837
123 095
After tax
143 005
145 928
103 163
108 905
Living cost
20 726
20 726
20 726
20 726
Free-cash
122 279
125 202
82 437
88 179

Estimated living cost  is ₽20726 per week

₽12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108382
₽85974
₽102311
₽106584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
income
-
-
-
73 750
pensions
-
-
-
9 672
total
-
-
-
83 422
Employee
58 284
-
202 016
-
pensions
4 947
-
11 382
-
health
846
-
2 656
-
income
10 497
-
60 010
-
total
16 290
-
74 048
-
Employer
58 284
-
202 016
-
pensions
6 309
-
26 146
-
health
1 107
-
3 838
-
total
7 416
-
29 984
-
Corporate
166 300
232 000
-
-
income

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

31 597
44 080
-
-
total
31 597
44 080
-
-
Dividends
134 703
187 920
-
-
withholding
26 321
43 615
-
-
total
26 321
43 615
-
-
Income
232 000
232 000
232 000
232 000
Total tax
81 624
87 695
104 032
83 422
After tax
150 376
144 305
127 968
148 578
Living cost
41 994
41 994
41 994
41 994
Free-cash
108 382
102 311
85 974
106 584

Estimated living cost  is ₽41994 per week

₽31461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3148
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.
₽6945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽63303
₽100607
₽31307
₽108390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
522
pensions
-
-
-
21 344
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.

-
-
-
4 640
regional
-
-
-
13 329
city
-
-
-
2 445
national
-
-
-
6 549
total
-
-
-
48 829
Employee
87 513
-
209 112
-
unemployment
-
-
-
-
pensions
7 352
-
15 934
-
regional
2 866
-
11 943
-
national
414
-
5 410
-
health
198
-
471
-
city
939
-
2 266
-
total
11 769
-
36 024
-
Employer
87 513
-
209 112
-
pensions
7 352
-
15 934
-
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.

1 750
-
4 183
-
health
198
-
471
-
unemployment
-
-
-
-
total
9 300
-
20 588
-
Corporate
134 225
232 000
-
-
regional
28 389
49 069
-
-
national
11 409
19 719
-
-
total
39 798
68 788
-
-
Dividends
94 427
163 212
-
-
withholding
33 049
57 124
-
-
total
33 049
57 124
-
-
Income
232 000
232 000
232 000
232 000
Total tax
93 916
125 912
56 612
48 829
After tax
138 084
106 088
175 388
183 171
Living cost
74 781
74 781
74 781
74 781
Free-cash
63 303
31 307
100 607
108 390

Estimated living cost  is ₽74781 per week

₽48629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽918
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽86718
₽99112
₽71491
₽66813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
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.

-
-
-
6 417
trade
-
-
-
32 299
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.

-
-
-
79 093
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.

-
-
-
4 351
total
-
-
-
122 160
Employee

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

56 447
-
232 000
-
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.

6 417
-
6 417
-
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.

6 638
-
79 093
-
surtax

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

365
-
4 351
-
total
13 420
-
89 861
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
175 553
232 000
-
-
income
26 333
34 799
-
-
chamber of commerce
390
469
-
-
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.

1 449
1 914
-
-
trade
30 108
39 788
-
-
total
58 280
76 970
-
-
Dividends
117 273
155 029
-
-
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.

1 593
2 112
-
-
withholding
28 962
38 400
-
-
total
30 555
40 512
-
-
Income
232 000
232 000
232 000
232 000
Total tax
102 255
117 482
89 861
122 160
After tax
129 745
114 518
142 139
109 840
Living cost
43 027
43 027
43 027
43 027
Free-cash
86 718
71 491
99 112
66 813

Estimated living cost  is ₽43027 per week

₽31425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90340
₽84912
₽84790
₽93026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
6 609
health
-
-
-
11 887
income
-
-
-
46 127
surtax
-
-
-
-
pensions
-
-
-
35 024
other
-
-
-
7 192
total
-
-
-
106 839
Employee
40 198
-
176 056
-
pensions
4 545
-
13 692
-
social contributions
1 146
-
5 016
-
income
2 372
-
40 299
-
surtax
-
-
-
-
total
8 063
-
59 007
-
Employer
40 198
-
176 056
-
pensions
6 604
-
22 794
-
other
1 387
-
7 487
-
health
2 814
-
18 007
-
unemployment
1 627
-
7 130
-
social contributions
121
-
528
-
total
12 553
-
55 946
-
Corporate
179 249
232 000
-
-
income
50 190
64 961
-
-
surtax
-
-
-
-
total
50 190
64 961
-
-
Dividends
129 058
167 039
-
-
surtax
-
-
-
-
social contributions
22 200
28 732
-
-
withholding
16 519
21 382
-
-
total
38 719
50 114
-
-
Income
232 000
232 000
232 000
232 000
Total tax
109 525
115 075
114 953
106 839
After tax
122 475
116 925
117 047
125 161
Living cost
32 135
32 135
32 135
32 135
Free-cash
90 340
84 790
84 912
93 026

Estimated living cost  is ₽32135 per week

₽20262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2613
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.
₽8714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93198
₽88096
₽87974
₽96210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
6 609
health
-
-
-
11 887
income
-
-
-
46 127
surtax
-
-
-
-
pensions
-
-
-
35 024
other
-
-
-
7 192
total
-
-
-
106 839
Employee
35 882
-
176 056
-
pensions
4 058
-
13 692
-
social contributions
1 023
-
5 016
-
income
1 850
-
40 299
-
surtax
-
-
-
-
total
6 931
-
59 007
-
Employer
35 882
-
176 056
-
pensions
5 896
-
22 794
-
other
1 239
-
7 487
-
health
2 511
-
18 007
-
unemployment
1 453
-
7 130
-
social contributions
107
-
528
-
total
11 206
-
55 946
-
Corporate
184 912
232 000
-
-
income
51 775
64 961
-
-
surtax
-
-
-
-
total
51 775
64 961
-
-
Dividends
133 137
167 039
-
-
surtax
-
-
-
-
social contributions
22 898
28 732
-
-
withholding
17 041
21 382
-
-
total
39 939
50 114
-
-
Income
232 000
232 000
232 000
232 000
Total tax
109 851
115 075
114 953
106 839
After tax
122 149
116 925
117 047
125 161
Living cost
28 951
28 951
28 951
28 951
Free-cash
93 198
87 974
88 096
96 210

Estimated living cost  is ₽28951 per week

₽16790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2941
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.
₽8671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122112
₽122336
₽121625
₽129077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
32 015
health
-
-
-
16 193
income
-
-
-
34 799
total
-
-
-
83 007
Employee
31 846
-
232 000
-
health
2 223
-
16 193
-
social contributions
4 395
-
32 015
-
income
5 312
-
41 540
-
total
11 930
-
89 748
-
Employer
31 846
-
232 000
-
total
-
-
-
-
Corporate
200 154
232 000
-
-
income

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

10 008
11 600
-
-
total
10 008
11 600
-
-
Dividends
190 146
220 400
-
-
health
13 272
15 384
-
-
social contributions
26 240
30 415
-
-
withholding
28 522
33 060
-
-
total
68 034
78 859
-
-
Income
232 000
232 000
232 000
232 000
Total tax
89 972
90 459
89 748
83 007
After tax
142 028
141 541
142 252
148 993
Living cost
19 916
19 916
19 916
19 916
Free-cash
122 112
121 625
122 336
129 077

Estimated living cost  is ₽19916 per week

₽13329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽4900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93183
₽27234
₽94634
₽85418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
8 393
surtax
-
-
-
185
income
-
-
-
77 919
chamber of commerce
-
-
-
929
pensions
-
-
-
20 300
unemployment
-
-
-
5 761
total
-
-
-
113 487
Employee
46 939
37 430
194 076
-
unemployment
1 408
1 123
3 292
-
pensions
4 807
3 832
11 236
-
health
1 816
1 449
4 246
-
income
5 344
2 761
66 248
-
other
469
374
1 098
-
total
13 844
9 539
86 120
-
Employer
46 939
37 430
194 076
-
chamber of commerce
187
150
777
-
pensions
5 891
4 698
13 771
-
other
2 230
1 777
8 502
-
health
1 773
1 415
4 148
-
unemployment
1 408
1 123
3 292
-
accident
610
487
1 426
-
surtax
185
185
185
-
payroll
1 408
1 123
5 823
-
total
13 692
10 958
37 924
-
Corporate
171 369
183 612
190 511
-
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.

42 841
45 904
47 627
-
total
42 841
45 904
47 627
-
Dividends
128 527
137 708
-
-
withholding
35 345
37 870
-
-
total
35 345
37 870
-
-
Income
232 000
232 000
232 000
232 000
Total tax
105 722
104 271
171 671
113 487
After tax
126 278
127 729
60 329
118 513
Living cost
33 095
33 095
33 095
33 095
Free-cash
93 183
94 634
27 234
85 418

Estimated living cost  is ₽33095 per week

₽22073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81279
₽43721
₽91912
₽66767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
23 417
communal

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

-
-
-
12 514
national
-
-
-
95 056
total
-
-
-
130 987
Employee

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

67 184
-
179 694
-
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.

585
-
1 563
-
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.

5 039
-
13 477
-
national
20 655
-
68 870
-
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.

3 157
-
8 445
-
communal

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

3 504
-
9 372
-
total
32 940
-
101 727
-
Employer

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

67 184
-
179 694
-
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.

5 953
-
15 920
-
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.

4 132
-
11 051
-
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.

980
-
2 624
-
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.

873
-
2 335
-
surtax
7 618
-
20 376
-
total
19 556
-
52 306
-
Corporate
145 259
232 000
-
-
income
29 051
51 238
-
-
surtax
581
1 025
-
-
total
29 632
52 263
-
-
Dividends
115 627
179 737
-
-
withholding

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

34 347
53 579
-
-
total
34 347
53 579
-
-
Income
232 000
232 000
232 000
232 000
Total tax
116 475
105 842
154 033
130 987
After tax
115 525
126 158
77 967
101 013
Living cost
34 246
34 246
34 246
34 246
Free-cash
81 279
91 912
43 721
66 767

Estimated living cost  is ₽34246 per week

₽22059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113485
₽91593
₽119921
₽95533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
784
income
-
-
-
76 430
pensions
-
-
-
24 636
other
-
-
-
87
unemployment
-
-
-
610
total
-
-
-
102 547
Employee
46 753
-
204 246
-
unemployment
725
-
1 349
-
pensions
2 198
-
4 092
-
income
9 865
-
73 205
-
other
46
-
87
-
total
12 834
-
78 733
-
Employer
46 753
-
204 246
-
pensions
11 033
-
20 546
-
other
373
-
697
-
unemployment
2 572
-
4 787
-
accident
925
-
1 724
-
total
14 903
-
27 754
-
Corporate
170 344
232 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

25 552
34 799
-
-
total
25 552
34 799
-
-
Dividends
144 792
197 201
-
-
withholding
31 306
43 360
-
-
total
31 306
43 360
-
-
Income
232 000
232 000
232 000
232 000
Total tax
84 595
78 159
106 487
102 547
After tax
147 405
153 841
125 513
129 453
Living cost
33 920
33 920
33 920
33 920
Free-cash
113 485
119 921
91 593
95 533

Estimated living cost  is ₽33920 per week

₽24978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65609
₽65431
₽78526
₽57330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
1 879
health
-
-
-
15 662
income
-
-
-
46 366
surtax
-
-
-
11 648
pensions
-
-
-
33 411
communal
-
-
-
14 662
total
-
-
-
123 628
Employee
71 128
-
207 234
-
pensions
5 689
-
16 578
-
health
3 166
-
9 222
-
income
6 870
-
52 266
-
surtax
4 360
-
12 699
-
total
20 085
-
90 765
-
Employer
71 128
-
207 234
-
pensions
5 689
-
16 578
-
health
2 169
-
6 320
-
accident
640
-
1 864
-
total
8 498
-
24 762
-
Corporate
152 374
232 000
-
-
income
22 856
34 799
-
-
communal
10 284
15 660
-
-
surtax
1 601
2 437
-
-
total
34 741
52 896
-
-
Dividends
117 633
179 104
-
-
income
34 379
22 670
-
-
withholding
17 646
26 866
-
-
total
52 025
49 536
-
-
Income
232 000
232 000
232 000
232 000
Total tax
115 349
102 432
115 527
123 628
After tax
116 651
129 568
116 473
108 372
Living cost
51 042
51 042
51 042
51 042
Free-cash
65 609
78 526
65 431
57 330

Estimated living cost  is ₽51042 per week

₽38289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3092
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽121845
₽82067
₽124832
₽87809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
8 899
income
-
-
-
75 828
surtax
-
-
-
13 083
pensions
-
-
-
25 071
other
-
-
-
-
unemployment
-
-
-
214
total
-
-
-
123 095
Employee
31 630
-
205 614
-
unemployment
2 201
-
8 725
-
pensions
2 110
-
8 361
-
health
807
-
3 196
-
income
5 303
-
70 210
-
other
-
-
-
-
surtax
112
-
11 958
-
total
10 533
-
102 450
-
Employer
31 630
-
205 614
-
pensions
4 217
-
16 710
-
other
-
-
-
-
health
1 438
-
5 704
-
unemployment
1 003
-
3 973
-
total
6 658
-
26 387
-
Corporate
193 711
232 000
-
-
income
50 365
60 320
-
-
total
50 365
60 320
-
-
Dividends
143 346
171 680
-
-
withholding
21 503
25 752
-
-
total
21 503
25 752
-
-
Income
232 000
232 000
232 000
232 000
Total tax
89 059
86 072
128 837
123 095
After tax
142 941
145 928
103 163
108 905
Living cost
21 096
21 096
21 096
21 096
Free-cash
121 845
124 832
82 067
87 809

Estimated living cost  is ₽21096 per week

₽12737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94558
₽79160
₽96644
₽87084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
47 009
municipal
-
-
-
1 479
regional
-
-
-
3 755
national
-
-
-
67 372
total
-
-
-
119 615
Employee
52 101
-
232 000
-
regional
701
-
3 459
-
municipal
276
-
1 364
-
national
8 254
-
61 086
-
social contributions
17 569
-
61 630
-
total
26 800
-
127 539
-
Employer
52 101
-
232 000
-
total
-
-
-
-
Corporate
179 899
232 000
-
-
municipal
8 940
11 530
-
-
nationa
43 177
55 680
-
-
total
52 117
67 210
-
-
Dividends
127 782
164 790
-
-
withholding
33 224
42 845
-
-
total
33 224
42 845
-
-
Income
232 000
232 000
232 000
232 000
Total tax
112 141
110 055
127 539
119 615
After tax
119 859
121 945
104 461
112 385
Living cost
25 301
25 301
25 301
25 301
Free-cash
94 558
96 644
79 160
87 084

Estimated living cost  is ₽25301 per week

₽15735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽120792
₽99358
₽131031
₽109722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
33 515
health
-
-
-
31 320
income
-
-
-
25 075
solidarity contribution
-
-
-
3 667
total
-
-
-
93 577
Employee
42 207
-
186 519
-
solidarity contribution
-
-
2 737
-
health
5 698
-
25 180
-
social contributions
2 743
-
7 461
-
income
5 065
-
23 082
-
total
13 506
-
58 460
-
Employer
42 207
-
186 519
-
health
3 799
-
16 787
-
social contributions
10 552
-
28 694
-
total
14 351
-
45 481
-
Corporate
175 443
232 000
-
-
income
33 334
44 080
-
-
total
33 334
44 080
-
-
Dividends
142 108
187 920
-
-
withholding
21 316
28 188
-
-
total
21 316
28 188
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 507
72 268
103 941
93 577
After tax
149 493
159 732
128 059
138 423
Living cost
28 701
28 701
28 701
28 701
Free-cash
120 792
131 031
99 358
109 722

Estimated living cost  is ₽28701 per week

₽21344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1590
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97400
₽30407
₽97865
₽88733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
8 393
surtax
-
-
-
-
income
-
-
-
77 919
chamber of commerce
-
-
-
929
pensions
-
-
-
20 300
unemployment
-
-
-
5 761
total
-
-
-
113 302
Employee
41 057
37 430
194 251
-
unemployment
1 232
1 123
3 292
-
pensions
4 205
3 832
11 236
-
health
1 588
1 449
4 246
-
income
3 657
2 761
66 335
-
other
410
374
1 098
-
total
11 092
9 539
86 207
-
Employer
41 057
37 430
194 251
-
chamber of commerce
164
150
777
-
pensions
5 153
4 698
13 771
-
other
1 950
1 777
8 507
-
health
1 552
1 415
4 148
-
unemployment
1 232
1 123
3 292
-
accident
533
487
1 426
-
surtax
-
-
-
-
payroll
1 232
1 123
5 828
-
total
11 816
10 773
37 749
-
Corporate
179 128
183 797
190 686
-
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.

44 782
45 950
47 672
-
total
44 782
45 950
47 672
-
Dividends
134 345
137 847
-
-
withholding
36 945
37 908
-
-
total
36 945
37 908
-
-
Income
232 000
232 000
232 000
232 000
Total tax
104 635
104 170
171 628
113 302
After tax
127 365
127 830
60 372
118 698
Living cost
29 965
29 965
29 965
29 965
Free-cash
97 400
97 865
30 407
88 733

Estimated living cost  is ₽29965 per week

₽17975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3060
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽206167
₽173615
₽208415
₽217695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
232 000
microenterprise

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

-
-
-
2 320
total
-
-
-
2 320
Employee
14 982
-
232 000
-
income
2 997
-
46 400
-
total
2 997
-
46 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

217 018
232 000
-
-
total
-
-
-
-
Dividends
217 018
232 000
-
-
withholding
10 851
11 600
-
-
total
10 851
11 600
-
-
Income
232 000
232 000
232 000
232 000
Total tax
13 848
11 600
46 400
2 320
After tax
218 152
220 400
185 600
229 680
Living cost
11 985
11 985
11 985
11 985
Free-cash
206 167
208 415
173 615
217 695

Estimated living cost  is ₽11985 per week

₽8111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽503
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.
₽2969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126684
₽75294
₽134539
₽80331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
health
-
-
-
22 829
income
-
-
-
60 930
pensions
-
-
-
42 369
unemployment
-
-
-
348
total
-
-
-
126 476
Employee

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

41 533
-
200 744
-
unemployment
59
-
282
-
pensions
6 438
-
31 115
-
health
2 682
-
12 969
-
income
7 162
-
55 891
-
total
16 341
-
100 257
-
Employer

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

41 533
-
200 744
-
pensions
3 675
-
17 765
-
health
2 766
-
13 370
-
unemployment
25
-
121
-
total
6 466
-
31 256
-
Corporate
184 000
232 000
-
-
income
34 960
44 080
-
-
total
34 960
44 080
-
-
Dividends
149 040
187 920
-
-
withholding
22 356
28 188
-
-
total
22 356
28 188
-
-
Income
232 000
232 000
232 000
232 000
Total tax
80 123
72 268
131 513
126 476
After tax
151 877
159 732
100 487
105 524
Living cost
25 193
25 193
25 193
25 193
Free-cash
126 684
134 539
75 294
80 331

Estimated living cost  is ₽25193 per week

₽17289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽55298
₽178715
₽100314
₽119496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
26 448
income
-
-
-
45 221
total
-
-
-
71 669
Employee
58 552
-
-
-
social contributions
4 801
-
684
-
income
12 915
-
-
-
total
17 716
-
684
-
Employer
58 552
-
-
-
social contributions
82 558
-
11 766
-
total
82 558
-
11 766
-
Corporate
90 890
232 000
-
-
income
19 996
51 040
-
-
total
19 996
51 040
-
-
Dividends
70 894
180 960
-
-
income
15 597
39 811
-
-
total
15 597
39 811
-
-
Income
232 000
232 000
232 000
232 000
Total tax
135 867
90 851
12 450
71 669
After tax
96 133
141 149
219 550
160 331
Living cost
40 835
40 835
40 835
40 835
Free-cash
55 298
100 314
178 715
119 496

Estimated living cost  is ₽40835 per week

₽26495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101555
₽71626
₽102501
₽90515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
social contributions

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

-
-
-
80 621
income
-
-
-
31 403
surtax
-
-
-
-
total
-
-
-
112 024
Employee
43 198
-
187 474
-
social contributions
4 752
-
20 622
-
income
8 985
-
65 159
-
surtax
-
-
606
-
total
13 737
-
86 387
-
Employer
43 198
-
187 474
-
social contributions
10 259
-
44 526
-
total
10 259
-
44 526
-
Corporate
178 543
232 000
-
-
income
37 494
48 720
-
-
surtax
-
-
-
-
total
37 494
48 720
-
-
Dividends
141 049
183 280
-
-
withholding
39 494
51 318
-
-
total
39 494
51 318
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 984
100 038
130 913
112 024
After tax
131 016
131 962
101 087
119 976
Living cost
29 461
29 461
29 461
29 461
Free-cash
101 555
102 501
71 626
90 515

Estimated living cost  is ₽29461 per week

₽22043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78021
₽71683
₽71561
₽79797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
6 609
health
-
-
-
11 887
income
-
-
-
46 127
surtax
-
-
-
-
pensions
-
-
-
35 024
other
-
-
-
7 192
total
-
-
-
106 839
Employee
58 826
-
176 056
-
pensions
6 654
-
13 692
-
social contributions
1 675
-
5 016
-
income
5 133
-
40 299
-
surtax
-
-
-
-
total
13 462
-
59 007
-
Employer
58 826
-
176 056
-
pensions
9 666
-
22 794
-
other
2 030
-
7 487
-
health
4 117
-
18 007
-
unemployment
2 383
-
7 130
-
social contributions
176
-
528
-
total
18 372
-
55 946
-
Corporate
154 801
232 000
-
-
income
43 344
64 961
-
-
surtax
-
-
-
-
total
43 344
64 961
-
-
Dividends
111 457
167 039
-
-
surtax
-
-
-
-
social contributions
19 171
28 732
-
-
withholding
14 266
21 382
-
-
total
33 437
50 114
-
-
Income
232 000
232 000
232 000
232 000
Total tax
108 615
115 075
114 953
106 839
After tax
123 385
116 925
117 047
125 161
Living cost
45 364
45 364
45 364
45 364
Free-cash
78 021
71 561
71 683
79 797

Estimated living cost  is ₽45364 per week

₽30702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽177411
₽146499
₽180567
₽140334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
51 040
income
-
-
-
12 393
total
-
-
-
63 433
Employee
30 196
-
200 865
-
social contributions
1 962
-
13 056
-
income
-
-
13 077
-
total
1 962
-
26 133
-
Employer
30 196
-
200 865
-
social contributions
4 681
-
31 135
-
total
4 681
-
31 135
-
Corporate
197 124
232 000
-
-
income
19 713
23 200
-
-
total
19 713
23 200
-
-
Dividends
177 411
208 800
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
26 356
23 200
57 268
63 433
After tax
205 644
208 800
174 732
168 567
Living cost
28 233
28 233
28 233
28 233
Free-cash
177 411
180 567
146 499
140 334

Estimated living cost  is ₽28233 per week

₽18255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽14392
₽27540
₽27540
₽87780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
municipal
-
-
-
50 308
pensions
-
-
-
813
labour market
-
-
-
18 495
national
-
-
-
29 410
total
-
-
-
99 026
Employee
190 754
190 754
190 754
-
pensions
271
271
271
-
municipal
40 620
40 620
40 620
-
national
23 304
23 304
23 304
-
labour market
15 239
15 239
15 239
-
total
79 434
79 434
79 434
-
Employer
190 754
190 754
190 754
-
municipal
40 685
40 685
40 685
-
pensions
542
542
542
-
national
23 345
23 345
23 345
-
labour market
15 260
15 260
15 260
-
total
79 832
79 832
79 832
-
Corporate
27 540
-
-
-
income
6 059
-
-
-
total
6 059
-
-
-
Dividends
21 481
-
-
-
withholding
7 089
-
-
-
total
7 089
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
172 414
159 266
159 266
99 026
After tax
59 586
72 734
72 734
132 974
Living cost
45 194
45 194
45 194
45 194
Free-cash
14 392
27 540
27 540
87 780

Estimated living cost  is ₽45194 per week

₽30931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15623
₽107610
-₽1868
₽137704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
241
health
-
-
-
2 079
income
-
-
-
66 997
pensions
-
-
-
3 966
other
-
-
-
353
total
-
-
-
73 636
Employee
32 499
-
212 734
-
pensions
3 660
-
7 272
-
health
3 721
-
24 358
-
income
4 459
-
52 834
-
total
11 840
-
84 464
-
Employer
32 499
-
212 734
-
pensions
5 284
-
10 501
-
unemployment
796
-
5 212
-
accident
543
-
3 553
-
total
6 623
-
19 266
-
Corporate
192 877
232 000
-
-
income

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

173 589
208 800
-
-
total
173 589
208 800
-
-
Dividends
19 288
23 200
-
-
withholding
3 665
4 408
-
-
total
3 665
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
195 717
213 208
103 730
73 636
After tax
36 283
18 792
128 270
158 364
Living cost
20 660
20 660
20 660
20 660
Free-cash
15 623
-1 868
107 610
137 704

Estimated living cost  is ₽20660 per week

₽15038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1178
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.
₽4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108086
₽77335
₽104826
₽103906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
232 000
health
-
-
-
3 182
municipal
-
-
-
41 187
national
-
-
-
47 665
total
-
-
-
92 034
Employee
49 415
-
195 171
-
unemployment
741
-
2 927
-
pensions
3 335
-
13 174
-
municipal
8 094
-
31 762
-
national
816
-
31 301
-
health
369
-
2 613
-
total
13 355
-
81 777
-
Employer
49 415
-
195 171
-
pensions
8 573
-
33 862
-
health
380
-
1 503
-
unemployment
321
-
1 269
-
accident
50
-
194
-
total
9 324
-
36 828
-
Corporate
173 261
232 000
-
-
income
34 651
46 401
-
-
total
34 651
46 401
-
-
Dividends

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

103 957
139 199
-
-
national
11 813
19 658
-
-
municipal
18 711
25 055
-
-
total
30 524
44 713
-
-
Income
232 000
232 000
232 000
232 000
Total tax
87 854
91 114
118 605
92 034
After tax
144 146
140 886
113 395
139 966
Living cost
36 060
36 060
36 060
36 060
Free-cash
108 086
104 826
77 335
103 906

Estimated living cost  is ₽36060 per week

₽23554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142171
₽131633
₽147284
₽133493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
15 197
health
-
-
-
5 916
income
-
-
-
55 648
total
-
-
-
76 761
Employee
72 223
72 223
219 848
-
health
560
1 228
3 738
-
social contributions
2 731
5 994
8 085
-
income
7 864
6 686
54 646
-
total
11 155
13 908
66 469
-
Employer
72 223
72 223
219 848
-
health
608
1 337
4 067
-
social contributions
2 731
5 994
8 085
-
total
3 339
7 331
12 152
-
Corporate
195 761
152 446
-
-
income
24 470
19 055
-
-
total
24 470
19 055
-
-
Dividends
171 291
133 390
-
-
withholding
29 119
22 676
-
-
total
29 119
22 676
-
-
Income
232 000
232 000
232 000
232 000
Total tax
68 083
62 970
78 621
76 761
After tax
163 917
169 030
153 379
155 239
Living cost
21 746
21 746
21 746
21 746
Free-cash
142 171
147 284
131 633
133 493

Estimated living cost  is ₽21746 per week

₽13033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽172429
₽164694
₽177207
₽183534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
232 000
health
-
-
-
3 399
income
-
-
-
24 153
pensions
-
-
-
5 975
unemployment
-
-
-
27
total
-
-
-
33 554
Employee

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

21 559
-
222 821
-
unemployment
107
-
446
-
pensions
3 233
-
13 368
-
health
1 832
-
7 575
-
income
1 474
-
21 825
-
total
6 646
-
43 214
-
Employer

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

21 559
-
222 821
-
pensions
1 185
-
4 902
-
health
927
-
3 832
-
unemployment
107
-
446
-
total
2 219
-
9 180
-
Corporate
208 222
232 000
-
-
income
18 740
20 881
-
-
total
18 740
20 881
-
-
Dividends
189 482
211 119
-
-
withholding
17 054
19 000
-
-
total
17 054
19 000
-
-
Income
232 000
232 000
232 000
232 000
Total tax
44 659
39 881
52 394
33 554
After tax
187 341
192 119
179 606
198 446
Living cost
14 912
14 912
14 912
14 912
Free-cash
172 429
177 207
164 694
183 534

Estimated living cost  is ₽14912 per week

₽9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1075
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123864
₽99685
₽128013
₽103625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
784
income
-
-
-
76 430
pensions
-
-
-
24 636
other
-
-
-
87
unemployment
-
-
-
610
total
-
-
-
102 547
Employee
34 729
-
204 246
-
unemployment
538
-
1 349
-
pensions
1 633
-
4 092
-
income
6 696
-
73 205
-
other
34
-
87
-
total
8 901
-
78 733
-
Employer
34 729
-
204 246
-
pensions
8 195
-
20 546
-
other
278
-
697
-
unemployment
1 911
-
4 787
-
accident
688
-
1 724
-
total
11 072
-
27 754
-
Corporate
186 199
232 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

27 930
34 799
-
-
total
27 930
34 799
-
-
Dividends
158 269
197 201
-
-
withholding
34 405
43 360
-
-
total
34 405
43 360
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 308
78 159
106 487
102 547
After tax
149 692
153 841
125 513
129 453
Living cost
25 828
25 828
25 828
25 828
Free-cash
123 864
128 013
99 685
103 625

Estimated living cost  is ₽25828 per week

₽17434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142629
₽147753
₽142931
₽147884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
972
income
-
-
-
79 967
pensions
-
-
-
1 340
total
-
-
-
82 279
Employee
2 798
-
230 492
-
unemployment
28
-
67
-
pensions
252
-
603
-
health
140
-
335
-
income
541
-
79 897
-
total
961
-
80 902
-
Employer
2 798
-
230 492
-
pensions
308
-
737
-
health
266
-
637
-
unemployment
56
-
134
-
total
630
-
1 508
-
Corporate
228 572
232 000
-
-
income
50 286
51 040
-
-
total
50 286
51 040
-
-
Dividends
178 286
180 960
-
-
withholding
35 657
36 192
-
-
total
35 657
36 192
-
-
Income
232 000
232 000
232 000
232 000
Total tax
87 534
87 232
82 410
82 279
After tax
144 466
144 768
149 590
149 721
Living cost
1 837
1 837
1 837
1 837
Free-cash
142 629
142 931
147 753
147 884

Estimated living cost  is ₽1837 per week

₽1092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽42
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽146763
₽135461
₽151384
₽135460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
health
-
-
-
7 146
income
-
-
-
54 078
pensions
-
-
-
18 039
unemployment
-
-
-
1 041
total
-
-
-
80 304
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.

24 482
-
219 581
-
unemployment
184
-
520
-
pensions
3 428
-
9 713
-
health
1 261
-
3 573
-
income
3 375
-
54 078
-
total
8 248
-
67 884
-
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.

24 482
-
219 581
-
pensions
2 938
-
8 326
-
health
1 261
-
3 573
-
unemployment
184
-
520
-
total
4 383
-
12 419
-
Corporate
203 135
232 000
-
-
income
30 470
34 800
-
-
total
30 470
34 800
-
-
Dividends
172 665
197 200
-
-
withholding
25 900
29 580
-
-
total
25 900
29 580
-
-
Income
232 000
232 000
232 000
232 000
Total tax
69 001
64 380
80 303
80 304
After tax
162 999
167 620
151 697
151 696
Living cost
16 236
16 236
16 236
16 236
Free-cash
146 763
151 384
135 461
135 460

Estimated living cost  is ₽16236 per week

₽10932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106302
₽75766
₽106641
₽94655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
social contributions

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

-
-
-
80 621
income
-
-
-
31 403
surtax
-
-
-
-
total
-
-
-
112 024
Employee
36 454
-
187 474
-
social contributions
4 010
-
20 622
-
income
7 123
-
65 159
-
surtax
-
-
606
-
total
11 133
-
86 387
-
Employer
36 454
-
187 474
-
social contributions
8 657
-
44 526
-
total
8 657
-
44 526
-
Corporate
186 889
232 000
-
-
income
39 246
48 720
-
-
surtax
-
-
-
-
total
39 246
48 720
-
-
Dividends
147 643
183 280
-
-
withholding
41 341
51 318
-
-
total
41 341
51 318
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 377
100 038
130 913
112 024
After tax
131 623
131 962
101 087
119 976
Living cost
25 321
25 321
25 321
25 321
Free-cash
106 302
106 641
75 766
94 655

Estimated living cost  is ₽25321 per week

₽17934
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.
₽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.
₽5180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114685
₽92504
₽120832
₽96444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
784
income
-
-
-
76 430
pensions
-
-
-
24 636
other
-
-
-
87
unemployment
-
-
-
610
total
-
-
-
102 547
Employee
45 361
-
204 246
-
unemployment
702
-
1 349
-
pensions
2 132
-
4 092
-
income
9 474
-
73 205
-
other
45
-
87
-
total
12 353
-
78 733
-
Employer
45 361
-
204 246
-
pensions
10 705
-
20 546
-
other
364
-
697
-
unemployment
2 495
-
4 787
-
accident
898
-
1 724
-
total
14 462
-
27 754
-
Corporate
172 177
232 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

25 827
34 799
-
-
total
25 827
34 799
-
-
Dividends
146 350
197 201
-
-
withholding
31 664
43 360
-
-
total
31 664
43 360
-
-
Income
232 000
232 000
232 000
232 000
Total tax
84 306
78 159
106 487
102 547
After tax
147 694
153 841
125 513
129 453
Living cost
33 009
33 009
33 009
33 009
Free-cash
114 685
120 832
92 504
96 444

Estimated living cost  is ₽33009 per week

₽23706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽176502
₽182128
₽182220
₽172310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
health
-
-
-
3 769
income
-
-
-
34 800
pensions

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

-
-
-
4 850
unemployment
-
-
-
131
total
-
-
-
43 550
Employee
21 371
-
225 570
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
pensions

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

1 876
-
2 878
-
health
983
-
1 508
-
income
2 137
-
22 557
-
total
5 231
-
27 303
-
Employer
21 371
-
225 570
-
pensions

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

2 355
-
3 611
-
health
1 475
-
2 261
-
unemployment
128
-
197
-
accident

We are using the highest rate at 1.1%.

235
-
360
-
total
4 193
-
6 429
-
Corporate
206 436
232 000
-
-
income
20 644
23 200
-
-
total
20 644
23 200
-
-
Dividends
185 792
208 800
-
-
withholding
9 290
10 440
-
-
total
9 290
10 440
-
-
Income
232 000
232 000
232 000
232 000
Total tax
39 358
33 640
33 732
43 550
After tax
192 642
198 360
198 268
188 450
Living cost
16 140
16 140
16 140
16 140
Free-cash
176 502
182 220
182 128
172 310

Estimated living cost  is ₽16140 per week

₽10675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95314
₽105877
₽83028
₽78851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
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.

-
-
-
6 417
trade
-
-
-
27 026
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.

-
-
-
79 093
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.

-
-
-
4 351
total
-
-
-
116 887
Employee

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

46 733
-
232 000
-
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.

6 417
-
6 417
-
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.

3 843
-
79 093
-
surtax

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

212
-
4 351
-
total
10 472
-
89 861
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
185 267
232 000
-
-
income
27 789
34 799
-
-
chamber of commerce
414
483
-
-
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.

1 529
1 914
-
-
trade
26 586
33 291
-
-
total
56 318
70 487
-
-
Dividends
128 949
161 512
-
-
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.

1 754
2 201
-
-
withholding
31 880
40 022
-
-
total
33 634
42 223
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 424
112 710
89 861
116 887
After tax
131 576
119 290
142 139
115 113
Living cost
36 262
36 262
36 262
36 262
Free-cash
95 314
83 028
105 877
78 851

Estimated living cost  is ₽36262 per week

₽25014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110970
₽60973
₽108897
₽60973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
40 249
income
-
-
-
77 275
total
-
-
-
117 524
Employee
73 470
-
232 000
-
social contributions
6 104
-
40 249
-
income
13 863
-
77 275
-
total
19 967
-
117 524
-
Employer
73 470
-
232 000
-
total
-
-
-
-
Corporate
158 530
232 000
-
-
income
19 817
28 999
-
-
total
19 817
28 999
-
-
Dividends
138 714
203 001
-
-
withholding
27 743
40 601
-
-
total
27 743
40 601
-
-
Income
232 000
232 000
232 000
232 000
Total tax
67 527
69 600
117 524
117 524
After tax
164 473
162 400
114 476
114 476
Living cost
53 503
53 503
53 503
53 503
Free-cash
110 970
108 897
60 973
60 973

Estimated living cost  is ₽53503 per week

₽40704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115026
₽126799
₽111743
₽157311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
income
-
-
-
34 799
health

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

-
-
-
5 795
total
-
-
-
40 594
Employee
43 087
-
227 679
-
social contributions
4 317
-
4 321
-
income
4 675
-
62 464
-
total
8 992
-
66 785
-
Employer
43 087
-
227 679
-
social contributions
4 317
-
4 321
-
total
4 317
-
4 321
-
Corporate
184 596
232 000
-
-
income
64 608
81 200
-
-
total
64 608
81 200
-
-
Dividends
119 988
150 800
-
-
social contributions
4 962
4 962
-
-
total
4 962
4 962
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 879
86 162
71 106
40 594
After tax
149 121
145 838
160 894
191 406
Living cost
34 095
34 095
34 095
34 095
Free-cash
115 026
111 743
126 799
157 311

Estimated living cost  is ₽34095 per week

₽22458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115609
₽93829
₽110166
₽114439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
income
-
-
-
73 750
pensions
-
-
-
9 672
total
-
-
-
83 422
Employee
46 861
-
202 016
-
pensions
3 577
-
11 382
-
health
611
-
2 656
-
income
8 534
-
60 010
-
total
12 722
-
74 048
-
Employer
46 861
-
202 016
-
pensions
4 734
-
26 146
-
health
891
-
3 838
-
total
5 625
-
29 984
-
Corporate
179 514
232 000
-
-
income

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

34 107
44 080
-
-
total
34 107
44 080
-
-
Dividends
145 407
187 920
-
-
withholding
29 798
43 615
-
-
total
29 798
43 615
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 252
87 695
104 032
83 422
After tax
149 748
144 305
127 968
148 578
Living cost
34 139
34 139
34 139
34 139
Free-cash
115 609
110 166
93 829
114 439

Estimated living cost  is ₽34139 per week

₽23419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3139
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽15311
₽105565
-₽3913
₽135659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
accident
-
-
-
241
health
-
-
-
2 079
income
-
-
-
66 997
pensions
-
-
-
3 966
other
-
-
-
353
total
-
-
-
73 636
Employee
35 716
-
212 734
-
pensions
4 022
-
7 272
-
health
4 089
-
24 358
-
income
4 900
-
52 834
-
total
13 011
-
84 464
-
Employer
35 716
-
212 734
-
pensions
5 807
-
10 501
-
unemployment
875
-
5 212
-
accident
596
-
3 553
-
total
7 278
-
19 266
-
Corporate
189 005
232 000
-
-
income

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

170 104
208 800
-
-
total
170 104
208 800
-
-
Dividends
18 901
23 200
-
-
withholding
3 591
4 408
-
-
total
3 591
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
193 984
213 208
103 730
73 636
After tax
38 016
18 792
128 270
158 364
Living cost
22 705
22 705
22 705
22 705
Free-cash
15 311
-3 913
105 565
135 659

Estimated living cost  is ₽22705 per week

₽16663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽161965
₽159427
₽164804
₽138792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
232 000
income
-
-
-
39 260
health insurance
-
-
-
11 106
pensions
-
-
-
27 615
unemployment
-
-
-
1 801
work injury
-
-
-
750
total
-
-
-
80 532
Employee

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

20 282
-
232 000
-
unemployment
243
-
901
-
pensions
3 732
-
13 808
-
work injury
101
-
375
-
income
2 028
-
39 260
-
health insurance
1 501
-
5 553
-
total
7 605
-
59 897
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
211 718
232 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

21 172
23 200
-
-
total
21 172
23 200
-
-
Dividends
190 546
208 800
-
-
withholding
28 582
31 320
-
-
total
28 582
31 320
-
-
Income
232 000
232 000
232 000
232 000
Total tax
57 359
54 520
59 897
80 532
After tax
174 641
177 480
172 103
151 468
Living cost
12 676
12 676
12 676
12 676
Free-cash
161 965
164 804
159 427
138 792

Estimated living cost  is ₽12676 per week

₽7853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽80512
₽64973
₽84784
₽72690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
232 000
social contributions
-
-
-
47 009
municipal
-
-
-
1 665
regional
-
-
-
5 847
national
-
-
-
67 372
total
-
-
-
121 893
Employee
79 146
-
232 000
-
regional
1 195
-
5 361
-
municipal
472
-
1 533
-
national
13 375
-
61 086
-
social contributions
26 688
-
61 630
-
total
41 730
-
129 610
-
Employer
79 146
-
232 000
-
total
-
-
-
-
Corporate
152 854
232 000
-
-
municipal
7 368
11 183
-
-
nationa
36 685
55 680
-
-
total
44 053
66 863
-
-
Dividends
108 800
165 137
-
-
withholding
28 288
42 936
-
-
total
28 288
42 936
-
-
Income
232 000
232 000
232 000
232 000
Total tax
114 071
109 799
129 610
121 893
After tax
117 929
122 201
102 390
110 107
Living cost
37 417
37 417
37 417
37 417
Free-cash
80 512
84 784
64 973
72 690

Estimated living cost  is ₽37417 per week

₽26283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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