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
₽113480
₽88070
₽83911
₽98602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 503
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.

-
-
-
78 846
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.

-
-
-
4 337
trade
-
-
-
29 569
total
-
-
-
119 255
Employee

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

36 410
-
232 000
-
surtax

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

56
-
4 337
-
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.

1 017
-
78 846
-
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.

6 503
-
6 503
-
total
7 576
-
89 686
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
195 590
232 000
-
-
chamber of commerce
426
479
-
-
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.

1 613
1 915
-
-
trade
30 806
36 540
-
-
income
29 339
34 800
-
-
total
62 184
73 734
-
-
Dividends
133 405
158 266
-
-
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.

1 814
2 157
-
-
withholding
32 990
39 205
-
-
total
34 804
41 362
-
-
Income
232 000
232 000
232 000
232 000
Total tax
104 564
115 096
89 686
119 255
After tax
127 436
116 904
142 314
112 745
Living cost
28 834
28 834
28 834
28 834
Free-cash
98 602
88 070
113 480
83 911

Estimated living cost  is ₽28834 per week

₽18137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82445
₽94430
₽81199
₽93593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
27 840
national
-
-
-
44 309
municipal
-
-
-
25 820
total
-
-
-
100 463
Employee
78 034
-
200 562
-
municipal
9 638
-
26 718
-
national
14 936
-
46 276
-
pensions
3 121
-
8 022
-
total
27 695
-
81 016
-
Employer
78 034
-
200 562
-
pensions
6 243
-
16 045
-
social contributions
839
-
2 156
-
total
7 082
-
18 201
-
Corporate
141 735
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%.

28 347
46 400
-
-
total
28 347
46 400
-
-
Dividends
113 388
185 600
-
-
withholding
24 945
40 832
-
-
total
24 945
40 832
-
-
Income
232 000
232 000
232 000
232 000
Total tax
88 069
87 232
99 217
100 463
After tax
143 931
144 768
132 783
131 537
Living cost
50 338
50 338
50 338
50 338
Free-cash
93 593
94 430
82 445
81 199

Estimated living cost  is ₽50338 per week

₽34214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽753
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10691
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82003
₽165796
₽65780
₽157987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
36 473
income
-
-
-
50 782
surtax
-
-
-
59 161
microenterprise
-
-
-
-
total
-
-
-
146 416
Employee
27 816
-
184 386
-
surtax
-
-
26 736
-
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.

3 060
-
12 479
-
income
4 952
-
43 365
-
total
8 012
-
82 580
-
Employer
27 816
-
184 386
-
surtax
-
-
20 283
-
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.

6 700
-
27 330
-
total
6 700
-
47 613
-
Corporate
197 483
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%.

39 497
46 400
-
-
total
39 497
46 400
-
-
Dividends

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

157 986
185 600
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
54 209
46 400
130 193
146 416
After tax
177 791
185 600
101 807
85 584
Living cost
19 804
19 804
19 804
19 804
Free-cash
157 987
165 796
82 003
65 780

Estimated living cost  is ₽19804 per week

₽12635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108466
₽75943
₽83729
₽70109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 739
income
-
-
-
85 501
pensions
-
-
-
11 153
total
-
-
-
108 393
Employee
81 292
81 292
214 309
-
income

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

13 306
13 306
43 073
-
pensions
14 633
11 153
11 153
-
health
12 477
10 613
11 739
-
total
40 416
35 072
65 965
-
Employer
81 292
81 292
214 309
-
unemployment
2 927
2 927
3 636
-
health
5 651
5 651
7 022
-
pensions
5 658
5 658
7 033
-
total
14 236
14 236
17 691
-
Corporate
137 470
136 473
-
-
income
27 495
27 294
-
-
total
27 495
27 294
-
-
Dividends
109 975
109 178
-
-
income
23 369
23 201
-
-
withholding
16 497
16 376
-
-
total
39 866
39 577
-
-
Income
232 000
232 000
232 000
232 000
Total tax
122 013
116 179
83 656
108 393
After tax
109 987
115 821
148 344
123 607
Living cost
39 878
39 878
39 878
39 878
Free-cash
70 109
75 943
108 466
83 729

Estimated living cost  is ₽39878 per week

₽28261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽634
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75386
₽87531
₽76336
₽86652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
9 968
health
-
-
-
5 353
accident
-
-
-
172
pensions
-
-
-
9 273
national
-
-
-
29 899
unemployment
-
-
-
86
municipal
-
-
-
61 772
total
-
-
-
116 523
Employee
55 773
-
205 047
-
municipal
16 631
-
61 145
-
national
-
-
29 374
-
total
16 631
-
90 519
-
Employer
55 773
-
205 047
-
other
6 481
-
9 968
-
unemployment
1 472
-
2 265
-
health
3 430
-
5 276
-
accident
112
-
172
-
pensions
6 029
-
9 273
-
total
17 524
-
26 954
-
Corporate
158 704
232 000
-
-
income
34 915
51 040
-
-
total
34 915
51 040
-
-
Dividends
123 789
180 960
-
-
withholding
37 137
54 288
-
-
total
37 137
54 288
-
-
Income
232 000
232 000
232 000
232 000
Total tax
106 207
105 328
117 473
116 523
After tax
125 793
126 672
114 527
115 477
Living cost
39 141
39 141
39 141
39 141
Free-cash
86 652
87 531
75 386
76 336

Estimated living cost  is ₽39141 per week

₽25941
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.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽104918
₽78317
₽74034
₽91693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 503
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.

-
-
-
78 846
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.

-
-
-
4 337
trade
-
-
-
30 884
total
-
-
-
120 570
Employee

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

48 275
-
232 000
-
surtax

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

228
-
4 337
-
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.

4 148
-
78 846
-
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.

6 503
-
6 503
-
total
10 879
-
89 686
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
183 725
232 000
-
-
chamber of commerce
406
475
-
-
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.

1 516
1 915
-
-
trade
30 223
38 164
-
-
income
27 558
34 800
-
-
total
59 703
75 354
-
-
Dividends
124 022
156 646
-
-
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.

1 685
2 133
-
-
withholding
30 644
38 800
-
-
total
32 329
40 933
-
-
Income
232 000
232 000
232 000
232 000
Total tax
102 911
116 287
89 686
120 570
After tax
129 089
115 713
142 314
111 430
Living cost
37 396
37 396
37 396
37 396
Free-cash
91 693
78 317
104 918
74 034

Estimated living cost  is ₽37396 per week

₽25011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122610
₽138161
₽124475
₽134213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 402
health
-
-
-
5 916
income
-
-
-
55 331
total
-
-
-
76 649
Employee
73 200
73 200
219 741
-
social contributions
3 557
6 075
8 194
-
income
7 687
6 776
54 325
-
health
728
1 245
3 736
-
total
11 972
14 096
66 255
-
Employer
73 200
73 200
219 741
-
health
793
1 355
4 065
-
social contributions
3 557
6 075
8 194
-
total
4 350
7 430
12 259
-
Corporate
184 802
151 370
-
-
income
23 100
18 921
-
-
total
23 100
18 921
-
-
Dividends
161 702
132 449
-
-
withholding
27 489
22 516
-
-
total
27 489
22 516
-
-
Income
232 000
232 000
232 000
232 000
Total tax
66 911
62 963
78 514
76 649
After tax
165 089
169 037
153 486
155 351
Living cost
30 876
30 876
30 876
30 876
Free-cash
134 213
138 161
122 610
124 475

Estimated living cost  is ₽30876 per week

₽21107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116814
₽112520
₽143040
₽112889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

25 519
10 156
194 142
-
income
3 120
1 242
23 734
-
pensions
2 552
1 016
19 414
-
health
1 786
711
13 590
-
unemployment
383
152
2 912
-
total
7 841
3 121
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.

25 519
10 156
194 142
-
pensions
4 976
1 980
37 858
-
total
4 976
1 980
37 858
-
Corporate
201 505
219 863
-
-
income
18 135
19 788
-
-
total
18 135
19 788
-
-
Dividends
183 369
200 076
-
-
social contributions
35 641
38 899
-
-
withholding
34 840
38 014
-
-
total
70 481
76 913
-
-
Income
232 000
232 000
232 000
232 000
Total tax
101 433
101 802
97 508
71 282
After tax
130 567
130 198
134 492
160 718
Living cost
17 678
17 678
17 678
17 678
Free-cash
112 889
112 520
116 814
143 040

Estimated living cost  is ₽17678 per week

₽12064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110728
₽162607
₽101360
₽156693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
30 159
income
-
-
-
31 088
pensions
-
-
-
46 400
total
-
-
-
107 647
Employee
27 005
-
173 394
-
income
3 040
-
33 431
-
pensions
540
-
3 468
-
unemployment
432
-
2 775
-
total
4 012
-
39 674
-
Employer
27 005
-
173 394
-
unemployment
217
-
1 387
-
health
3 510
-
22 541
-
pensions
5 401
-
34 677
-
total
9 128
-
58 605
-
Corporate
195 867
232 000
-
-
income
39 174
46 400
-
-
total
39 174
46 400
-
-
Dividends
156 693
185 600
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
52 314
46 400
98 279
107 647
After tax
179 686
185 600
133 721
124 353
Living cost
22 993
22 993
22 993
22 993
Free-cash
156 693
162 607
110 728
101 360

Estimated living cost  is ₽22993 per week

₽15771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107238
-₽2227
₽137348
₽15568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
66 979
pensions
-
-
-
3 975
total
-
-
-
73 633
Employee
33 064
-
212 710
-
income
4 536
-
52 810
-
pensions
3 723
-
7 289
-
health
3 786
-
24 355
-
total
12 045
-
84 454
-
Employer
33 064
-
212 710
-
unemployment
810
-
5 211
-
accident
552
-
3 552
-
pensions
5 376
-
10 526
-
total
6 738
-
19 289
-
Corporate
192 197
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.

172 978
208 800
-
-
total
172 978
208 800
-
-
Dividends
19 220
23 200
-
-
withholding
3 652
4 408
-
-
total
3 652
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
195 413
213 208
103 743
73 633
After tax
36 587
18 792
128 257
158 367
Living cost
21 019
21 019
21 019
21 019
Free-cash
15 568
-2 227
107 238
137 348

Estimated living cost  is ₽21019 per week

₽15405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽177693
₽212493
₽221773
₽211011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 884
-
232 000
-
income
1 976
-
46 400
-
total
1 976
-
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%.

222 116
232 000
-
-
total
-
-
-
-
Dividends
222 116
232 000
-
-
withholding
11 106
11 600
-
-
total
11 106
11 600
-
-
Income
232 000
232 000
232 000
232 000
Total tax
13 082
11 600
46 400
2 320
After tax
218 918
220 400
185 600
229 680
Living cost
7 907
7 907
7 907
7 907
Free-cash
211 011
212 493
177 693
221 773

Estimated living cost  is ₽7907 per week

₽4900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114795
₽145086
₽116671
₽138656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
6 876
health
-
-
-
6 370
income
-
-
-
41 976
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.

-
-
-
34 742
total
-
-
-
89 964
Employee
34 564
-
195 119
-
income
5 951
-
41 351
-
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.

2 419
-
10 133
-
health
484
-
2 027
-
unemployment
345
-
1 447
-
total
9 199
-
54 958
-
Employer
34 564
-
195 119
-
other
1 729
-
7 237
-
unemployment
345
-
1 447
-
health
484
-
2 027
-
accident
276
-
1 561
-
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.

5 877
-
24 610
-
total
8 711
-
36 882
-
Corporate
188 725
232 000
-
-
income
39 633
48 719
-
-
total
39 633
48 719
-
-
Dividends
149 092
183 281
-
-
withholding
10 436
12 830
-
-
total
10 436
12 830
-
-
Income
232 000
232 000
232 000
232 000
Total tax
67 979
61 549
91 840
89 964
After tax
164 021
170 451
140 160
142 036
Living cost
25 365
25 365
25 365
25 365
Free-cash
138 656
145 086
114 795
116 671

Estimated living cost  is ₽25365 per week

₽17922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65424
₽81893
₽86053
₽89452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73 382
pensions
-
-
-
9 780
total
-
-
-
83 162
Employee
88 831
-
202 048
-
income
16 013
-
59 629
-
health
1 464
-
2 670
-
pensions
8 570
-
11 541
-
total
26 047
-
73 840
-
Employer
88 831
-
202 048
-
health
1 687
-
3 839
-
pensions
10 488
-
26 112
-
total
12 175
-
29 951
-
Corporate
130 994
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.

24 888
44 081
-
-
total
24 888
44 081
-
-
Dividends
106 105
187 919
-
-
withholding
16 653
43 241
-
-
total
16 653
43 241
-
-
Income
232 000
232 000
232 000
232 000
Total tax
79 763
87 322
103 791
83 162
After tax
152 237
144 678
128 209
148 838
Living cost
62 785
62 785
62 785
62 785
Free-cash
89 452
81 893
65 424
86 053

Estimated living cost  is ₽62785 per week

₽47046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽185862
₽186003
₽176053
₽181625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 786
income
-
-
-
34 800
pensions

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

-
-
-
4 872
unemployment
-
-
-
132
total
-
-
-
43 590
Employee
16 363
-
225 541
-
income
1 636
-
22 554
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 437
-
2 891
-
health
753
-
1 514
-
total
4 006
-
27 321
-
Employer
16 363
-
225 541
-
unemployment
98
-
198
-
health
1 129
-
2 272
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 803
-
3 628
-
total
3 210
-
6 460
-
Corporate
212 426
232 000
-
-
income
21 243
23 200
-
-
total
21 243
23 200
-
-
Dividends
191 183
208 800
-
-
withholding
9 559
10 440
-
-
total
9 559
10 440
-
-
Income
232 000
232 000
232 000
232 000
Total tax
38 018
33 640
33 781
43 590
After tax
193 982
198 360
198 219
188 410
Living cost
12 357
12 357
12 357
12 357
Free-cash
181 625
186 003
185 862
176 053

Estimated living cost  is ₽12357 per week

₽7214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95557
₽63034
₽70820
₽65427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 739
income
-
-
-
85 501
pensions
-
-
-
11 153
total
-
-
-
108 393
Employee
88 257
81 292
214 309
-
income

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

13 306
13 306
43 073
-
pensions
11 153
11 153
11 153
-
health
11 011
10 613
11 739
-
total
35 470
35 072
65 965
-
Employer
88 257
81 292
214 309
-
unemployment
3 178
2 927
3 636
-
health
6 133
5 651
7 022
-
pensions
6 142
5 658
7 033
-
total
15 453
14 236
17 691
-
Corporate
128 290
136 473
-
-
income
25 658
27 294
-
-
total
25 658
27 294
-
-
Dividends
102 632
109 178
-
-
income
21 810
23 201
-
-
withholding
15 395
16 376
-
-
total
37 205
39 577
-
-
Income
232 000
232 000
232 000
232 000
Total tax
113 786
116 179
83 656
108 393
After tax
118 214
115 821
148 344
123 607
Living cost
52 787
52 787
52 787
52 787
Free-cash
65 427
63 034
95 557
70 820

Estimated living cost  is ₽52787 per week

₽38939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104533
₽136299
₽114880
₽127940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 719
health
-
-
-
31 320
income
-
-
-
25 044
solidarity contribution
-
-
-
3 604
total
-
-
-
93 687
Employee
34 460
-
186 359
-
social contributions
2 240
-
7 506
-
solidarity contribution
-
-
2 675
-
income
4 135
-
23 054
-
health
4 652
-
25 158
-
total
11 027
-
58 393
-
Employer
34 460
-
186 359
-
health
3 101
-
16 772
-
social contributions
8 615
-
28 869
-
total
11 716
-
45 641
-
Corporate
185 823
232 000
-
-
income
35 306
44 080
-
-
total
35 306
44 080
-
-
Dividends
150 517
187 920
-
-
withholding
22 578
28 188
-
-
total
22 578
28 188
-
-
Income
232 000
232 000
232 000
232 000
Total tax
80 627
72 268
104 034
93 687
After tax
151 373
159 732
127 966
138 313
Living cost
23 433
23 433
23 433
23 433
Free-cash
127 940
136 299
104 533
114 880

Estimated living cost  is ₽23433 per week

₽16277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64687
₽83611
₽72760
₽78642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 644
national
-
-
-
66 934
regional
-
-
-
3 019
municipal
-
-
-
1 474
total
-
-
-
119 071
Employee
84 603
-
232 000
-
social contributions
28 528
-
62 463
-
municipal
448
-
1 357
-
national
14 660
-
60 563
-
regional
798
-
2 761
-
total
44 434
-
127 144
-
Employer
84 603
-
232 000
-
total
-
-
-
-
Corporate
147 397
232 000
-
-
nationa
35 375
55 680
-
-
municipal
5 748
9 049
-
-
total
41 123
64 729
-
-
Dividends
106 274
167 272
-
-
withholding
27 632
43 491
-
-
total
27 632
43 491
-
-
Income
232 000
232 000
232 000
232 000
Total tax
113 189
108 220
127 144
119 071
After tax
118 811
123 780
104 856
112 929
Living cost
40 169
40 169
40 169
40 169
Free-cash
78 642
83 611
64 687
72 760

Estimated living cost  is ₽40169 per week

₽28001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82109
₽124921
₽87930
₽121959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
9 020
income
-
-
-
75 441
pensions
-
-
-
25 410
surtax
-
-
-
12 976
unemployment
-
-
-
217
total
-
-
-
123 064
Employee
31 480
-
205 257
-
surtax
103
-
11 838
-
income
5 277
-
69 747
-
other
-
-
-
-
pensions
2 099
-
8 474
-
health
804
-
3 239
-
unemployment
2 191
-
8 843
-
total
10 474
-
102 141
-
Employer
31 480
-
205 257
-
other
-
-
-
-
unemployment
997
-
4 027
-
health
1 433
-
5 781
-
pensions
4 196
-
16 936
-
total
6 626
-
26 744
-
Corporate
193 894
232 000
-
-
income
50 412
60 321
-
-
total
50 412
60 321
-
-
Dividends
143 481
171 679
-
-
withholding
21 523
25 752
-
-
total
21 523
25 752
-
-
Income
232 000
232 000
232 000
232 000
Total tax
89 035
86 073
128 885
123 064
After tax
142 965
145 927
103 115
108 936
Living cost
21 006
21 006
21 006
21 006
Free-cash
121 959
124 921
82 109
87 930

Estimated living cost  is ₽21006 per week

₽12844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85316
₽101785
₽105945
₽107988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73 382
pensions
-
-
-
9 780
total
-
-
-
83 162
Employee
59 532
-
202 048
-
income
10 722
-
59 629
-
health
864
-
2 670
-
pensions
5 053
-
11 541
-
total
16 639
-
73 840
-
Employer
59 532
-
202 048
-
health
1 131
-
3 839
-
pensions
6 444
-
26 112
-
total
7 575
-
29 951
-
Corporate
164 893
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.

31 329
44 081
-
-
total
31 329
44 081
-
-
Dividends
133 564
187 919
-
-
withholding
25 576
43 241
-
-
total
25 576
43 241
-
-
Income
232 000
232 000
232 000
232 000
Total tax
81 119
87 322
103 791
83 162
After tax
150 881
144 678
128 209
148 838
Living cost
42 893
42 893
42 893
42 893
Free-cash
107 988
101 785
85 316
105 945

Estimated living cost  is ₽42893 per week

₽32135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3215
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.
₽7094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽99318
₽29956
₽107367
₽62530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
522
pensions
-
-
-
21 343
city
-
-
-
2 446
national
-
-
-
6 341
regional
-
-
-
13 207
total
-
-
-
48 499
Employee
89 097
-
209 018
-
national
422
-
5 269
-
city
956
-
2 264
-
pensions
7 485
-
16 030
-
health
201
-
471
-
regional
2 917
-
11 832
-
unemployment
-
-
-
-
total
11 981
-
35 866
-
Employer
89 097
-
209 018
-
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.

1 781
-
4 181
-
unemployment
-
-
-
-
health
201
-
471
-
pensions
7 485
-
16 030
-
total
9 467
-
20 682
-
Corporate
132 455
232 000
-
-
regional
28 015
49 067
-
-
national
11 259
19 720
-
-
total
39 274
68 787
-
-
Dividends
93 181
163 212
-
-
withholding
32 614
57 123
-
-
total
32 614
57 123
-
-
Income
232 000
232 000
232 000
232 000
Total tax
93 336
125 910
56 548
48 499
After tax
138 664
106 090
175 452
183 501
Living cost
76 134
76 134
76 134
76 134
Free-cash
62 530
29 956
99 318
107 367

Estimated living cost  is ₽76134 per week

₽49509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽935
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽98705
₽70910
₽66508
₽86348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 503
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.

-
-
-
78 846
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.

-
-
-
4 337
trade
-
-
-
32 197
total
-
-
-
121 883
Employee

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

57 210
-
232 000
-
surtax

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

370
-
4 337
-
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.

6 727
-
78 846
-
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.

6 503
-
6 503
-
total
13 600
-
89 686
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
174 790
232 000
-
-
chamber of commerce
390
471
-
-
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.

1 442
1 915
-
-
trade
29 977
39 788
-
-
income
26 218
34 800
-
-
total
58 027
76 974
-
-
Dividends
116 763
155 025
-
-
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.

1 586
2 112
-
-
withholding
28 830
38 395
-
-
total
30 416
40 507
-
-
Income
232 000
232 000
232 000
232 000
Total tax
102 043
117 481
89 686
121 883
After tax
129 957
114 519
142 314
110 117
Living cost
43 609
43 609
43 609
43 609
Free-cash
86 348
70 910
98 705
66 508

Estimated living cost  is ₽43609 per week

₽31850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84906
₽84359
₽92837
₽89983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
7 192
social contributions
-
-
-
6 610
health
-
-
-
11 818
income
-
-
-
45 734
pensions
-
-
-
35 240
surtax
-
-
-
-
total
-
-
-
106 594
Employee
40 742
-
176 181
-
surtax
-
-
-
-
social contributions
1 162
-
5 020
-
income
2 404
-
40 035
-
pensions
4 607
-
13 650
-
total
8 173
-
58 705
-
Employer
40 742
-
176 181
-
other
1 405
-
7 469
-
unemployment
1 649
-
7 136
-
health
2 852
-
17 958
-
pensions
6 693
-
22 728
-
social contributions
123
-
529
-
total
12 722
-
55 820
-
Corporate
178 535
232 000
-
-
surtax
-
-
-
-
income
49 989
64 960
-
-
total
49 989
64 960
-
-
Dividends
128 546
167 040
-
-
social contributions
22 110
28 730
-
-
surtax
-
-
-
-
withholding
16 454
21 382
-
-
total
38 564
50 112
-
-
Income
232 000
232 000
232 000
232 000
Total tax
109 448
115 072
114 525
106 594
After tax
122 552
116 928
117 475
125 406
Living cost
32 569
32 569
32 569
32 569
Free-cash
89 983
84 359
84 906
92 837

Estimated living cost  is ₽32569 per week

₽20536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88133
₽87586
₽96064
₽92876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
7 192
social contributions
-
-
-
6 610
health
-
-
-
11 818
income
-
-
-
45 734
pensions
-
-
-
35 240
surtax
-
-
-
-
total
-
-
-
106 594
Employee
36 368
-
176 181
-
surtax
-
-
-
-
social contributions
1 037
-
5 020
-
income
1 875
-
40 035
-
pensions
4 113
-
13 650
-
total
7 025
-
58 705
-
Employer
36 368
-
176 181
-
other
1 256
-
7 469
-
unemployment
1 472
-
7 136
-
health
2 545
-
17 958
-
pensions
5 976
-
22 728
-
social contributions
108
-
529
-
total
11 357
-
55 820
-
Corporate
184 275
232 000
-
-
surtax
-
-
-
-
income
51 597
64 960
-
-
total
51 597
64 960
-
-
Dividends
132 678
167 040
-
-
social contributions
22 820
28 730
-
-
surtax
-
-
-
-
withholding
16 983
21 382
-
-
total
39 803
50 112
-
-
Income
232 000
232 000
232 000
232 000
Total tax
109 782
115 072
114 525
106 594
After tax
122 218
116 928
117 475
125 406
Living cost
29 342
29 342
29 342
29 342
Free-cash
92 876
87 586
88 133
96 064

Estimated living cost  is ₽29342 per week

₽17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽122132
₽121353
₽128805
₽121850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 016
health
-
-
-
16 193
income
-
-
-
34 800
total
-
-
-
83 009
Employee
32 277
-
232 000
-
social contributions
4 455
-
32 016
-
income
5 383
-
41 473
-
health
2 253
-
16 193
-
total
12 091
-
89 682
-
Employer
32 277
-
232 000
-
total
-
-
-
-
Corporate
199 723
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%.

9 986
11 600
-
-
total
9 986
11 600
-
-
Dividends
189 737
220 400
-
-
social contributions
26 183
30 416
-
-
withholding
28 461
33 061
-
-
health
13 243
15 384
-
-
total
67 887
78 861
-
-
Income
232 000
232 000
232 000
232 000
Total tax
89 964
90 461
89 682
83 009
After tax
142 036
141 539
142 318
148 991
Living cost
20 186
20 186
20 186
20 186
Free-cash
121 850
121 353
122 132
128 805

Estimated living cost  is ₽20186 per week

₽13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26870
₽94208
₽85015
₽92736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 507
income
-
-
-
77 405
chamber of commerce
-
-
-
929
pensions
-
-
-
20 574
surtax
-
-
-
188
unemployment
-
-
-
5 839
total
-
-
-
113 442
Employee
47 574
37 936
193 780
-
income
5 416
2 798
65 684
-
other
475
379
1 113
-
pensions
4 872
3 884
11 388
-
health
1 841
1 469
4 303
-
unemployment
1 427
1 138
3 337
-
total
14 031
9 668
85 825
-
Employer
47 574
37 936
193 780
-
other
2 260
1 801
8 501
-
unemployment
1 427
1 138
3 337
-
health
1 797
1 434
4 204
-
surtax
188
188
188
-
accident
618
493
1 445
-
pensions
5 970
4 762
13 957
-
payroll
1 427
1 138
5 813
-
chamber of commerce
190
152
775
-
total
13 877
11 106
38 220
-
Corporate
170 549
182 957
190 167
-
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.

42 637
45 739
47 542
-
total
42 637
45 739
47 542
-
Dividends
127 912
137 219
-
-
withholding
35 176
37 736
-
-
total
35 176
37 736
-
-
Income
232 000
232 000
232 000
232 000
Total tax
105 721
104 249
171 587
113 442
After tax
126 279
127 751
60 413
118 558
Living cost
33 543
33 543
33 543
33 543
Free-cash
92 736
94 208
26 870
85 015

Estimated living cost  is ₽33543 per week

₽22372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2861
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.
₽7759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽43382
₽91609
₽66288
₽80630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 733
communal

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

-
-
-
12 496
national
-
-
-
94 774
total
-
-
-
131 003
Employee

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

68 093
-
179 691
-
national
20 935
-
68 744
-
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.

5 107
-
13 476
-
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.

3 199
-
8 445
-
communal

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

3 552
-
9 372
-
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.

593
-
1 563
-
total
33 386
-
101 600
-
Employer

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

68 093
-
179 691
-
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.

994
-
2 623
-
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.

4 187
-
11 052
-
surtax
7 721
-
20 377
-
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.

885
-
2 336
-
pensions

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

6 034
-
15 921
-
total
19 821
-
52 309
-
Corporate
144 086
232 000
-
-
surtax
576
1 021
-
-
income
28 817
51 021
-
-
total
29 393
52 042
-
-
Dividends
114 692
179 959
-
-
withholding

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

34 061
53 640
-
-
total
34 061
53 640
-
-
Income
232 000
232 000
232 000
232 000
Total tax
116 661
105 682
153 909
131 003
After tax
115 339
126 318
78 091
100 997
Living cost
34 709
34 709
34 709
34 709
Free-cash
80 630
91 609
43 382
66 288

Estimated living cost  is ₽34709 per week

₽22357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3035
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.
₽8774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91103
₽119489
₽95097
₽112966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
89
accident
-
-
-
795
income
-
-
-
76 053
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
102 524
Employee
47 385
-
203 871
-
income
9 998
-
72 785
-
other
47
-
89
-
pensions
2 227
-
4 148
-
unemployment
735
-
1 368
-
total
13 007
-
78 390
-
Employer
47 385
-
203 871
-
other
378
-
706
-
unemployment
2 607
-
4 852
-
accident
938
-
1 747
-
pensions
11 182
-
20 823
-
total
15 105
-
28 128
-
Corporate
169 510
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.

25 426
34 800
-
-
total
25 426
34 800
-
-
Dividends
144 084
197 200
-
-
withholding
31 117
43 332
-
-
total
31 117
43 332
-
-
Income
232 000
232 000
232 000
232 000
Total tax
84 655
78 132
106 518
102 524
After tax
147 345
153 868
125 482
129 476
Living cost
34 379
34 379
34 379
34 379
Free-cash
112 966
119 489
91 103
95 097

Estimated living cost  is ₽34379 per week

₽25316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65012
₽78088
₽56492
₽64996
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 888
accident
-
-
-
1 906
income
-
-
-
45 828
pensions
-
-
-
33 895
communal
-
-
-
14 662
surtax
-
-
-
11 596
total
-
-
-
123 775
Employee
72 090
-
207 237
-
surtax
4 419
-
12 700
-
income
6 963
-
51 992
-
pensions
5 766
-
16 578
-
health
3 208
-
9 222
-
total
20 356
-
90 492
-
Employer
72 090
-
207 237
-
health
2 199
-
6 321
-
accident
649
-
1 864
-
pensions
5 766
-
16 578
-
total
8 614
-
24 763
-
Corporate
151 297
232 000
-
-
surtax
1 588
2 435
-
-
income
22 695
34 800
-
-
communal
10 212
15 660
-
-
total
34 495
52 895
-
-
Dividends
116 802
179 104
-
-
income
34 287
22 418
-
-
withholding
17 519
26 866
-
-
total
51 806
49 284
-
-
Income
232 000
232 000
232 000
232 000
Total tax
115 271
102 179
115 255
123 775
After tax
116 729
129 821
116 745
108 225
Living cost
51 733
51 733
51 733
51 733
Free-cash
64 996
78 088
65 012
56 492

Estimated living cost  is ₽51733 per week

₽38807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3134
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.
₽9242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81733
₽124545
₽87554
₽121518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
9 020
income
-
-
-
75 441
pensions
-
-
-
25 410
surtax
-
-
-
12 976
unemployment
-
-
-
217
total
-
-
-
123 064
Employee
32 058
-
205 257
-
surtax
114
-
11 838
-
income
5 374
-
69 747
-
other
-
-
-
-
pensions
2 139
-
8 474
-
health
818
-
3 239
-
unemployment
2 231
-
8 843
-
total
10 676
-
102 141
-
Employer
32 058
-
205 257
-
other
-
-
-
-
unemployment
1 017
-
4 027
-
health
1 458
-
5 781
-
pensions
4 274
-
16 936
-
total
6 749
-
26 744
-
Corporate
193 193
232 000
-
-
income
50 230
60 321
-
-
total
50 230
60 321
-
-
Dividends
142 963
171 679
-
-
withholding
21 445
25 752
-
-
total
21 445
25 752
-
-
Income
232 000
232 000
232 000
232 000
Total tax
89 100
86 073
128 885
123 064
After tax
142 900
145 927
103 115
108 936
Living cost
21 382
21 382
21 382
21 382
Free-cash
121 518
124 545
81 733
87 554

Estimated living cost  is ₽21382 per week

₽12909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽6119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78532
₽96301
₽86563
₽94187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 644
national
-
-
-
66 934
regional
-
-
-
3 742
municipal
-
-
-
1 474
total
-
-
-
119 794
Employee
52 806
-
232 000
-
social contributions
17 807
-
62 463
-
municipal
280
-
1 357
-
national
8 366
-
60 563
-
regional
711
-
3 442
-
total
27 164
-
127 825
-
Employer
52 806
-
232 000
-
total
-
-
-
-
Corporate
179 194
232 000
-
-
nationa
43 007
55 680
-
-
municipal
8 906
11 531
-
-
total
51 913
67 211
-
-
Dividends
127 281
164 789
-
-
withholding
33 093
42 845
-
-
total
33 093
42 845
-
-
Income
232 000
232 000
232 000
232 000
Total tax
112 170
110 056
127 825
119 794
After tax
119 830
121 944
104 175
112 206
Living cost
25 643
25 643
25 643
25 643
Free-cash
94 187
96 301
78 532
86 563

Estimated living cost  is ₽25643 per week

₽15948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2598
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.
₽6659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99090
₽130856
₽109437
₽120554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
33 719
health
-
-
-
31 320
income
-
-
-
25 044
solidarity contribution
-
-
-
3 604
total
-
-
-
93 687
Employee
42 464
-
186 359
-
social contributions
2 760
-
7 506
-
solidarity contribution
-
-
2 675
-
income
5 096
-
23 054
-
health
5 733
-
25 158
-
total
13 589
-
58 393
-
Employer
42 464
-
186 359
-
health
3 822
-
16 772
-
social contributions
10 616
-
28 869
-
total
14 438
-
45 641
-
Corporate
175 098
232 000
-
-
income
33 269
44 080
-
-
total
33 269
44 080
-
-
Dividends
141 830
187 920
-
-
withholding
21 274
28 188
-
-
total
21 274
28 188
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 570
72 268
104 034
93 687
After tax
149 430
159 732
127 966
138 313
Living cost
28 876
28 876
28 876
28 876
Free-cash
120 554
130 856
99 090
109 437

Estimated living cost  is ₽28876 per week

₽21474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30087
₽97484
₽88376
₽97014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 507
income
-
-
-
77 405
chamber of commerce
-
-
-
929
pensions
-
-
-
20 574
surtax
-
-
-
-
unemployment
-
-
-
5 839
total
-
-
-
113 254
Employee
41 612
37 936
193 955
-
income
3 707
2 798
65 771
-
other
415
379
1 113
-
pensions
4 262
3 884
11 388
-
health
1 610
1 469
4 303
-
unemployment
1 248
1 138
3 337
-
total
11 242
9 668
85 912
-
Employer
41 612
37 936
193 955
-
other
1 976
1 801
8 509
-
unemployment
1 248
1 138
3 337
-
health
1 573
1 434
4 204
-
surtax
-
-
-
-
accident
540
493
1 445
-
pensions
5 223
4 762
13 957
-
payroll
1 248
1 138
5 819
-
chamber of commerce
166
152
775
-
total
11 974
10 918
38 046
-
Corporate
178 412
183 145
190 342
-
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.

44 602
45 786
47 585
-
total
44 602
45 786
47 585
-
Dividends
133 810
137 360
-
-
withholding
36 798
37 774
-
-
total
36 798
37 774
-
-
Income
232 000
232 000
232 000
232 000
Total tax
104 616
104 146
171 543
113 254
After tax
127 384
127 854
60 457
118 746
Living cost
30 370
30 370
30 370
30 370
Free-cash
97 014
97 484
30 087
88 376

Estimated living cost  is ₽30370 per week

₽18218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽173278
₽208078
₽217358
₽205767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 402
-
232 000
-
income
3 081
-
46 400
-
total
3 081
-
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%.

216 598
232 000
-
-
total
-
-
-
-
Dividends
216 598
232 000
-
-
withholding
10 830
11 600
-
-
total
10 830
11 600
-
-
Income
232 000
232 000
232 000
232 000
Total tax
13 911
11 600
46 400
2 320
After tax
218 089
220 400
185 600
229 680
Living cost
12 322
12 322
12 322
12 322
Free-cash
205 767
208 078
173 278
217 358

Estimated living cost  is ₽12322 per week

₽8338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75257
₽134198
₽80292
₽126236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60 627
pensions
-
-
-
42 370
unemployment
-
-
-
349
total
-
-
-
126 175
Employee

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

42 095
-
200 744
-
income
7 259
-
55 590
-
pensions
6 525
-
31 115
-
health
2 719
-
12 967
-
unemployment
60
-
282
-
total
16 563
-
99 954
-
Employer

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

42 095
-
200 744
-
unemployment
25
-
121
-
health
2 804
-
13 370
-
pensions
3 725
-
17 765
-
total
6 554
-
31 256
-
Corporate
183 351
232 000
-
-
income
34 836
44 080
-
-
total
34 836
44 080
-
-
Dividends
148 514
187 920
-
-
withholding
22 278
28 189
-
-
total
22 278
28 189
-
-
Income
232 000
232 000
232 000
232 000
Total tax
80 231
72 269
131 210
126 175
After tax
151 769
159 731
100 790
105 825
Living cost
25 533
25 533
25 533
25 533
Free-cash
126 236
134 198
75 257
80 292

Estimated living cost  is ₽25533 per week

₽17523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽175721
₽98020
₽117202
₽50475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
61 841
-
-
-
social contributions
5 071
-
723
-
income
13 641
-
-
-
total
18 712
-
723
-
Employer
61 841
-
-
-
social contributions
87 196
-
12 427
-
total
87 196
-
12 427
-
Corporate
82 962
232 000
-
-
income
18 252
51 040
-
-
total
18 252
51 040
-
-
Dividends
64 711
180 960
-
-
income
14 236
39 811
-
-
total
14 236
39 811
-
-
Income
232 000
232 000
232 000
232 000
Total tax
138 396
90 851
13 150
71 669
After tax
93 604
141 149
218 850
160 331
Living cost
43 129
43 129
43 129
43 129
Free-cash
50 475
98 020
175 721
117 202

Estimated living cost  is ₽43129 per week

₽27984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4056
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71476
₽102103
₽90260
₽101143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 620
income
-
-
-
31 261
surtax
-
-
-
-
total
-
-
-
111 881
Employee
43 782
-
187 475
-
surtax
-
-
558
-
social contributions
4 816
-
20 623
-
income
9 107
-
64 959
-
total
13 923
-
86 140
-
Employer
43 782
-
187 475
-
social contributions
10 398
-
44 525
-
total
10 398
-
44 525
-
Corporate
177 820
232 000
-
-
surtax
-
-
-
-
income
37 342
48 719
-
-
total
37 342
48 719
-
-
Dividends
140 478
183 281
-
-
withholding
39 335
51 319
-
-
total
39 335
51 319
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 998
100 038
130 665
111 881
After tax
131 002
131 962
101 335
120 119
Living cost
29 859
29 859
29 859
29 859
Free-cash
101 143
102 103
71 476
90 260

Estimated living cost  is ₽29859 per week

₽22341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71497
₽70950
₽79428
₽77494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
7 192
social contributions
-
-
-
6 610
health
-
-
-
11 818
income
-
-
-
45 734
pensions
-
-
-
35 240
surtax
-
-
-
-
total
-
-
-
106 594
Employee
59 622
-
176 181
-
surtax
-
-
-
-
social contributions
1 698
-
5 020
-
income
5 202
-
40 035
-
pensions
6 744
-
13 650
-
total
13 644
-
58 705
-
Employer
59 622
-
176 181
-
other
2 058
-
7 469
-
unemployment
2 415
-
7 136
-
health
4 173
-
17 958
-
pensions
9 797
-
22 728
-
social contributions
179
-
529
-
total
18 622
-
55 820
-
Corporate
153 757
232 000
-
-
surtax
-
-
-
-
income
43 052
64 960
-
-
total
43 052
64 960
-
-
Dividends
110 704
167 040
-
-
social contributions
19 040
28 730
-
-
surtax
-
-
-
-
withholding
14 170
21 382
-
-
total
33 210
50 112
-
-
Income
232 000
232 000
232 000
232 000
Total tax
108 528
115 072
114 525
106 594
After tax
123 472
116 928
117 475
125 406
Living cost
45 978
45 978
45 978
45 978
Free-cash
77 494
70 950
71 497
79 428

Estimated living cost  is ₽45978 per week

₽31117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽146195
₽180184
₽140029
₽176987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 315
social contributions
-
-
-
51 041
total
-
-
-
63 356
Employee
30 604
-
200 867
-
income
-
-
13 000
-
social contributions
1 989
-
13 057
-
total
1 989
-
26 057
-
Employer
30 604
-
200 867
-
social contributions
4 744
-
31 133
-
total
4 744
-
31 133
-
Corporate
196 652
232 000
-
-
income
19 665
23 201
-
-
total
19 665
23 201
-
-
Dividends
176 987
208 799
-
-
total
-
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
26 398
23 201
57 190
63 356
After tax
205 602
208 799
174 810
168 644
Living cost
28 615
28 615
28 615
28 615
Free-cash
176 987
180 184
146 195
140 029

Estimated living cost  is ₽28615 per week

₽18502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2157
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24918
₽24918
₽87323
₽13231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
18 494
pensions
-
-
-
824
national
-
-
-
29 340
municipal
-
-
-
50 245
total
-
-
-
98 903
Employee
193 200
193 200
193 200
-
labour market
15 434
15 434
15 434
-
municipal
41 141
41 141
41 141
-
national
23 603
23 603
23 603
-
pensions
275
275
275
-
total
80 453
80 453
80 453
-
Employer
193 200
193 200
193 200
-
national
23 644
23 644
23 644
-
labour market
15 456
15 456
15 456
-
pensions
549
549
549
-
municipal
41 206
41 206
41 206
-
total
80 855
80 855
80 855
-
Corporate
24 918
-
-
-
income
5 482
-
-
-
total
5 482
-
-
-
Dividends
19 436
-
-
-
withholding
6 205
-
-
-
total
6 205
-
-
-
Income
232 000
232 000
232 000
232 000
Total tax
172 995
161 308
161 308
98 903
After tax
59 005
70 692
70 692
133 097
Living cost
45 774
45 774
45 774
45 774
Free-cash
13 231
24 918
24 918
87 323

Estimated living cost  is ₽45774 per week

₽31328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽704
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107548
-₽1917
₽137658
₽15617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
66 979
pensions
-
-
-
3 975
total
-
-
-
73 633
Employee
32 577
-
212 710
-
income
4 469
-
52 810
-
pensions
3 668
-
7 289
-
health
3 730
-
24 355
-
total
11 867
-
84 454
-
Employer
32 577
-
212 710
-
unemployment
798
-
5 211
-
accident
544
-
3 552
-
pensions
5 297
-
10 526
-
total
6 639
-
19 289
-
Corporate
192 784
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.

173 505
208 800
-
-
total
173 505
208 800
-
-
Dividends
19 278
23 200
-
-
withholding
3 663
4 408
-
-
total
3 663
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
195 674
213 208
103 743
73 633
After tax
36 326
18 792
128 257
158 367
Living cost
20 709
20 709
20 709
20 709
Free-cash
15 617
-1 917
107 548
137 658

Estimated living cost  is ₽20709 per week

₽15074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77169
₽104659
₽103745
₽107772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 176
national
-
-
-
47 343
municipal
-
-
-
41 188
total
-
-
-
91 707
Employee
50 084
-
195 171
-
municipal
8 203
-
31 762
-
national
827
-
30 980
-
pensions
3 380
-
13 175
-
health
374
-
2 609
-
unemployment
752
-
2 928
-
total
13 536
-
81 454
-
Employer
50 084
-
195 171
-
unemployment
325
-
1 268
-
health
385
-
1 503
-
accident
51
-
195
-
pensions
8 689
-
33 863
-
total
9 450
-
36 829
-
Corporate
172 466
232 000
-
-
income
34 493
46 400
-
-
total
34 493
46 400
-
-
Dividends

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

103 480
139 200
-
-
national
11 574
19 337
-
-
municipal
18 627
25 056
-
-
total
30 201
44 393
-
-
Income
232 000
232 000
232 000
232 000
Total tax
87 680
90 793
118 283
91 707
After tax
144 320
141 207
113 717
140 293
Living cost
36 548
36 548
36 548
36 548
Free-cash
107 772
104 659
77 169
103 745

Estimated living cost  is ₽36548 per week

₽23873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131446
₽146997
₽133311
₽141815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 402
health
-
-
-
5 916
income
-
-
-
55 331
total
-
-
-
76 649
Employee
73 200
73 200
219 741
-
social contributions
2 768
6 075
8 194
-
income
7 970
6 776
54 325
-
health
567
1 245
3 736
-
total
11 305
14 096
66 255
-
Employer
73 200
73 200
219 741
-
health
616
1 355
4 065
-
social contributions
2 768
6 075
8 194
-
total
3 384
7 430
12 259
-
Corporate
195 271
151 370
-
-
income
24 409
18 921
-
-
total
24 409
18 921
-
-
Dividends
170 862
132 449
-
-
withholding
29 047
22 516
-
-
total
29 047
22 516
-
-
Income
232 000
232 000
232 000
232 000
Total tax
68 145
62 963
78 514
76 649
After tax
163 855
169 037
153 486
155 351
Living cost
22 040
22 040
22 040
22 040
Free-cash
141 815
146 997
131 446
133 311

Estimated living cost  is ₽22040 per week

₽13209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2162
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.
₽6182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽164127
₽177006
₽183224
₽172164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 445
income
-
-
-
24 135
pensions
-
-
-
6 055
unemployment
-
-
-
27
total
-
-
-
33 662
Employee

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

21 850
-
222 697
-
income
1 494
-
21 776
-
pensions
3 277
-
13 549
-
health
1 857
-
7 678
-
unemployment
108
-
452
-
total
6 736
-
43 455
-
Employer

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

21 850
-
222 697
-
unemployment
108
-
452
-
health
939
-
3 884
-
pensions
1 201
-
4 968
-
total
2 248
-
9 304
-
Corporate
207 901
232 000
-
-
income
18 712
20 879
-
-
total
18 712
20 879
-
-
Dividends
189 189
211 121
-
-
withholding
17 026
19 001
-
-
total
17 026
19 001
-
-
Income
232 000
232 000
232 000
232 000
Total tax
44 722
39 880
52 759
33 662
After tax
187 278
192 120
179 241
198 338
Living cost
15 114
15 114
15 114
15 114
Free-cash
172 164
177 006
164 127
183 224

Estimated living cost  is ₽15114 per week

₽9643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99305
₽127691
₽103299
₽123486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
89
accident
-
-
-
795
income
-
-
-
76 053
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
102 524
Employee
35 199
-
203 871
-
income
6 786
-
72 785
-
other
34
-
89
-
pensions
1 655
-
4 148
-
unemployment
546
-
1 368
-
total
9 021
-
78 390
-
Employer
35 199
-
203 871
-
other
282
-
706
-
unemployment
1 937
-
4 852
-
accident
697
-
1 747
-
pensions
8 306
-
20 823
-
total
11 222
-
28 128
-
Corporate
185 579
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.

27 836
34 800
-
-
total
27 836
34 800
-
-
Dividends
157 743
197 200
-
-
withholding
34 258
43 332
-
-
total
34 258
43 332
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 337
78 132
106 518
102 524
After tax
149 663
153 868
125 482
129 476
Living cost
26 177
26 177
26 177
26 177
Free-cash
123 486
127 691
99 305
103 299

Estimated living cost  is ₽26177 per week

₽17669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽147881
₽143008
₽148006
₽142717
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
931
income
-
-
-
80 019
pensions
-
-
-
1 284
total
-
-
-
82 234
Employee
2 681
-
230 556
-
income
519
-
79 952
-
pensions
241
-
578
-
health
134
-
321
-
unemployment
27
-
64
-
total
921
-
80 915
-
Employer
2 681
-
230 556
-
unemployment
54
-
128
-
health
255
-
610
-
pensions
295
-
706
-
total
604
-
1 444
-
Corporate
228 716
232 000
-
-
income
50 318
51 040
-
-
total
50 318
51 040
-
-
Dividends
178 399
180 960
-
-
withholding
35 680
36 192
-
-
total
35 680
36 192
-
-
Income
232 000
232 000
232 000
232 000
Total tax
87 523
87 232
82 359
82 234
After tax
144 477
144 768
149 641
149 766
Living cost
1 760
1 760
1 760
1 760
Free-cash
142 717
143 008
147 881
148 006

Estimated living cost  is ₽1760 per week

₽1046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽40
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134990
₽151187
₽134992
₽146511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 233
income
-
-
-
54 031
pensions
-
-
-
18 258
unemployment
-
-
-
1 053
total
-
-
-
80 575
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.

24 780
-
219 430
-
income
3 416
-
54 031
-
pensions
3 469
-
9 831
-
health
1 276
-
3 617
-
unemployment
186
-
527
-
total
8 347
-
68 006
-
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.

24 780
-
219 430
-
unemployment
186
-
527
-
health
1 276
-
3 617
-
pensions
2 974
-
8 427
-
total
4 436
-
12 571
-
Corporate
202 785
232 000
-
-
income
30 418
34 800
-
-
total
30 418
34 800
-
-
Dividends
172 367
197 200
-
-
withholding
25 855
29 580
-
-
total
25 855
29 580
-
-
Income
232 000
232 000
232 000
232 000
Total tax
69 056
64 380
80 577
80 575
After tax
162 944
167 620
151 423
151 425
Living cost
16 433
16 433
16 433
16 433
Free-cash
146 511
151 187
134 990
134 992

Estimated living cost  is ₽16433 per week

₽11064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1271
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75671
₽106298
₽94455
₽105956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 620
income
-
-
-
31 261
surtax
-
-
-
-
total
-
-
-
111 881
Employee
36 947
-
187 475
-
surtax
-
-
558
-
social contributions
4 065
-
20 623
-
income
7 219
-
64 959
-
total
11 284
-
86 140
-
Employer
36 947
-
187 475
-
social contributions
8 774
-
44 525
-
total
8 774
-
44 525
-
Corporate
186 279
232 000
-
-
surtax
-
-
-
-
income
39 118
48 719
-
-
total
39 118
48 719
-
-
Dividends
147 161
183 281
-
-
withholding
41 204
51 319
-
-
total
41 204
51 319
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 380
100 038
130 665
111 881
After tax
131 620
131 962
101 335
120 119
Living cost
25 664
25 664
25 664
25 664
Free-cash
105 956
106 298
75 671
94 455

Estimated living cost  is ₽25664 per week

₽18177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92026
₽120412
₽96020
₽114181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
89
accident
-
-
-
795
income
-
-
-
76 053
pensions
-
-
-
24 969
unemployment
-
-
-
618
total
-
-
-
102 524
Employee
45 975
-
203 871
-
income
9 602
-
72 785
-
other
45
-
89
-
pensions
2 161
-
4 148
-
unemployment
712
-
1 368
-
total
12 520
-
78 390
-
Employer
45 975
-
203 871
-
other
369
-
706
-
unemployment
2 529
-
4 852
-
accident
910
-
1 747
-
pensions
10 850
-
20 823
-
total
14 658
-
28 128
-
Corporate
171 368
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.

25 705
34 800
-
-
total
25 705
34 800
-
-
Dividends
145 663
197 200
-
-
withholding
31 480
43 332
-
-
total
31 480
43 332
-
-
Income
232 000
232 000
232 000
232 000
Total tax
84 363
78 132
106 518
102 524
After tax
147 637
153 868
125 482
129 476
Living cost
33 456
33 456
33 456
33 456
Free-cash
114 181
120 412
92 026
96 020

Estimated living cost  is ₽33456 per week

₽24026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽182006
₽182147
₽172197
₽176403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 786
income
-
-
-
34 800
pensions

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

-
-
-
4 872
unemployment
-
-
-
132
total
-
-
-
43 590
Employee
21 469
-
225 541
-
income
2 147
-
22 554
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

1 885
-
2 891
-
health
988
-
1 514
-
total
5 256
-
27 321
-
Employer
21 469
-
225 541
-
unemployment
129
-
198
-
health
1 481
-
2 272
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

2 366
-
3 628
-
total
4 212
-
6 460
-
Corporate
206 319
232 000
-
-
income
20 632
23 200
-
-
total
20 632
23 200
-
-
Dividends
185 687
208 800
-
-
withholding
9 284
10 440
-
-
total
9 284
10 440
-
-
Income
232 000
232 000
232 000
232 000
Total tax
39 384
33 640
33 781
43 590
After tax
192 616
198 360
198 219
188 410
Living cost
16 213
16 213
16 213
16 213
Free-cash
176 403
182 147
182 006
172 197

Estimated living cost  is ₽16213 per week

₽10723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105562
₽82541
₽78622
₽94994
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 503
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.

-
-
-
78 846
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.

-
-
-
4 337
trade
-
-
-
26 940
total
-
-
-
116 626
Employee

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

47 365
-
232 000
-
surtax

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

215
-
4 337
-
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.

3 895
-
78 846
-
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.

6 503
-
6 503
-
total
10 613
-
89 686
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
184 635
232 000
-
-
chamber of commerce
415
484
-
-
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.

1 523
1 915
-
-
trade
26 496
33 292
-
-
income
27 695
34 800
-
-
total
56 129
70 491
-
-
Dividends
128 505
161 509
-
-
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.

1 747
2 200
-
-
withholding
31 765
40 016
-
-
total
33 512
42 216
-
-
Income
232 000
232 000
232 000
232 000
Total tax
100 254
112 707
89 686
116 626
After tax
131 746
119 293
142 314
115 374
Living cost
36 752
36 752
36 752
36 752
Free-cash
94 994
82 541
105 562
78 622

Estimated living cost  is ₽36752 per week

₽25352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽60512
₽108172
₽60512
₽110274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
77 065
social contributions
-
-
-
40 196
total
-
-
-
117 261
Employee
74 463
-
232 000
-
income
14 051
-
77 065
-
social contributions
6 186
-
40 196
-
total
20 237
-
117 261
-
Employer
74 463
-
232 000
-
total
-
-
-
-
Corporate
157 537
232 000
-
-
income
19 693
29 000
-
-
total
19 693
29 000
-
-
Dividends
137 844
203 000
-
-
withholding
27 569
40 601
-
-
total
27 569
40 601
-
-
Income
232 000
232 000
232 000
232 000
Total tax
67 499
69 601
117 261
117 261
After tax
164 501
162 399
114 739
114 739
Living cost
54 227
54 227
54 227
54 227
Free-cash
110 274
108 172
60 512
60 512

Estimated living cost  is ₽54227 per week

₽41255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126476
₽111215
₽156764
₽114544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
34 800
health

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

-
-
-
5 880
total
-
-
-
40 680
Employee
43 670
-
227 621
-
income
4 738
-
62 210
-
social contributions
4 375
-
4 379
-
total
9 113
-
66 589
-
Employer
43 670
-
227 621
-
social contributions
4 375
-
4 379
-
total
4 375
-
4 379
-
Corporate
183 955
232 000
-
-
income
64 383
81 200
-
-
total
64 383
81 200
-
-
Dividends
119 572
150 800
-
-
social contributions
5 029
5 029
-
-
total
5 029
5 029
-
-
Income
232 000
232 000
232 000
232 000
Total tax
82 900
86 229
70 968
40 680
After tax
149 100
145 771
161 032
191 320
Living cost
34 556
34 556
34 556
34 556
Free-cash
114 544
111 215
126 476
156 764

Estimated living cost  is ₽34556 per week

₽22762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93339
₽109808
₽113968
₽115368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73 382
pensions
-
-
-
9 780
total
-
-
-
83 162
Employee
47 865
-
202 048
-
income
8 717
-
59 629
-
health
624
-
2 670
-
pensions
3 653
-
11 541
-
total
12 994
-
73 840
-
Employer
47 865
-
202 048
-
health
910
-
3 839
-
pensions
4 836
-
26 112
-
total
5 746
-
29 951
-
Corporate
178 390
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.

33 894
44 081
-
-
total
33 894
44 081
-
-
Dividends
144 495
187 919
-
-
withholding
29 128
43 241
-
-
total
29 128
43 241
-
-
Income
232 000
232 000
232 000
232 000
Total tax
81 762
87 322
103 791
83 162
After tax
150 238
144 678
128 209
148 838
Living cost
34 870
34 870
34 870
34 870
Free-cash
115 368
109 808
93 339
113 968

Estimated living cost  is ₽34870 per week

₽23921
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3207
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽105498
-₽3967
₽135608
₽15302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
354
health
-
-
-
2 084
accident
-
-
-
241
income
-
-
-
66 979
pensions
-
-
-
3 975
total
-
-
-
73 633
Employee
35 802
-
212 710
-
income
4 912
-
52 810
-
pensions
4 031
-
7 289
-
health
4 099
-
24 355
-
total
13 042
-
84 454
-
Employer
35 802
-
212 710
-
unemployment
877
-
5 211
-
accident
598
-
3 552
-
pensions
5 821
-
10 526
-
total
7 296
-
19 289
-
Corporate
188 902
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.

170 012
208 800
-
-
total
170 012
208 800
-
-
Dividends
18 890
23 200
-
-
withholding
3 589
4 408
-
-
total
3 589
4 408
-
-
Income
232 000
232 000
232 000
232 000
Total tax
193 939
213 208
103 743
73 633
After tax
38 061
18 792
128 257
158 367
Living cost
22 760
22 760
22 760
22 760
Free-cash
15 302
-3 967
105 498
135 608

Estimated living cost  is ₽22760 per week

₽16703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1326
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.
₽4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽159038
₽164643
₽138139
₽161768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 228
health insurance
-
-
-
11 247
work injury
-
-
-
760
pensions
-
-
-
27 965
unemployment
-
-
-
1 824
total
-
-
-
81 024
Employee

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

20 539
-
232 000
-
income
2 054
-
39 228
-
work injury
103
-
380
-
health insurance
1 520
-
5 623
-
pensions
3 779
-
13 982
-
unemployment
246
-
912
-
total
7 702
-
60 125
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
211 461
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%.

21 146
23 200
-
-
total
21 146
23 200
-
-
Dividends
190 315
208 800
-
-
withholding
28 547
31 320
-
-
total
28 547
31 320
-
-
Income
232 000
232 000
232 000
232 000
Total tax
57 395
54 520
60 125
81 024
After tax
174 605
177 480
171 875
150 976
Living cost
12 837
12 837
12 837
12 837
Free-cash
161 768
164 643
159 038
138 139

Estimated living cost  is ₽12837 per week

₽7953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64197
₽84278
₽72020
₽79947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 644
national
-
-
-
66 934
regional
-
-
-
5 821
municipal
-
-
-
1 658
total
-
-
-
122 057
Employee
80 217
-
232 000
-
social contributions
27 049
-
62 463
-
municipal
479
-
1 526
-
national
13 556
-
60 563
-
regional
1 211
-
5 328
-
total
42 295
-
129 880
-
Employer
80 217
-
232 000
-
total
-
-
-
-
Corporate
151 783
232 000
-
-
nationa
36 428
55 680
-
-
municipal
7 316
11 182
-
-
total
43 744
66 862
-
-
Dividends
108 039
165 138
-
-
withholding
28 091
42 937
-
-
total
28 091
42 937
-
-
Income
232 000
232 000
232 000
232 000
Total tax
114 130
109 799
129 880
122 057
After tax
117 870
122 201
102 120
109 943
Living cost
37 923
37 923
37 923
37 923
Free-cash
79 947
84 278
64 197
72 020

Estimated living cost  is ₽37923 per week

₽26639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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