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
₽ 234000
per

Your estimated
City
free-cash

Dresden , Germany
₽87503
₽98615
₽84228
₽113726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
trade
-
-
-
29 499
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.

-
-
-
78 661
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.

-
-
-
6 862
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.

-
-
-
4 327
total
-
-
-
119 349
Employee

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

38 418
-
234 000
-
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.

6 862
-
6 862
-
surtax

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

59
-
4 327
-
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.

1 073
-
78 661
-
total
7 994
-
89 850
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
195 582
234 000
-
-
surtax

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

1 614
1 931
-
-
income
29 337
35 101
-
-
trade
30 805
36 855
-
-
chamber of commerce
433
488
-
-
total
62 189
74 375
-
-
Dividends
133 394
159 626
-
-
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.

1 813
2 173
-
-
withholding
32 966
39 525
-
-
total
34 779
41 698
-
-
Income
234 000
234 000
234 000
234 000
Total tax
104 962
116 073
89 850
119 349
After tax
129 038
117 927
144 150
114 651
Living cost
30 423
30 423
30 423
30 423
Free-cash
98 615
87 503
113 726
84 228

Estimated living cost  is ₽30423 per week

₽19137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95333
₽94490
₽81960
₽83216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
26 045
pensions
-
-
-
28 080
national
-
-
-
44 717
social contributions
-
-
-
2 515
total
-
-
-
101 357
Employee
78 568
-
202 291
-
municipal
9 704
-
26 950
-
pensions
3 143
-
8 092
-
national
15 038
-
46 701
-
total
27 885
-
81 743
-
Employer
78 568
-
202 291
-
social contributions
845
-
2 175
-
pensions
6 285
-
16 183
-
total
7 130
-
18 358
-
Corporate
143 117
234 000
-
-
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%.

28 623
46 800
-
-
total
28 623
46 800
-
-
Dividends
114 493
187 200
-
-
withholding
25 189
41 184
-
-
total
25 189
41 184
-
-
Income
234 000
234 000
234 000
234 000
Total tax
88 827
87 984
100 101
101 357
After tax
145 173
146 016
133 899
132 643
Living cost
50 683
50 683
50 683
50 683
Free-cash
94 490
95 333
83 216
81 960

Estimated living cost  is ₽50683 per week

₽34449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽166302
₽158064
₽64755
₽81266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
microenterprise
-
-
-
-
income
-
-
-
50 193
surtax
-
-
-
59 671
social contributions

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

-
-
-
38 484
total
-
-
-
148 348
Employee
29 350
-
184 830
-
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.

3 229
-
13 167
-
surtax
-
-
26 800
-
income
5 225
-
42 702
-
total
8 454
-
82 669
-
Employer
29 350
-
184 830
-
social contributions

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

7 070
-
28 837
-
surtax
-
-
20 331
-
total
7 070
-
49 168
-
Corporate
197 580
234 000
-
-
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%.

39 515
46 801
-
-
total
39 515
46 801
-
-
Dividends

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

158 065
187 199
-
-
total
-
-
-
-
Income
234 000
234 000
234 000
234 000
Total tax
55 039
46 801
131 837
148 348
After tax
178 961
187 199
102 163
85 652
Living cost
20 897
20 897
20 897
20 897
Free-cash
158 064
166 302
81 266
64 755

Estimated living cost  is ₽20897 per week

₽13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74625
₽68474
₽83139
₽107564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
84 630
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
108 784
Employee
85 775
85 775
215 334
-
health
13 165
11 198
12 386
-
income

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

14 040
14 040
41 539
-
pensions
15 439
11 768
11 768
-
total
42 644
37 006
65 693
-
Employer
85 775
85 775
215 334
-
unemployment
3 088
3 088
3 837
-
pensions
5 970
5 970
7 420
-
health
5 962
5 962
7 409
-
total
15 020
15 020
18 666
-
Corporate
134 257
133 205
-
-
income
26 851
26 642
-
-
total
26 851
26 642
-
-
Dividends
107 406
106 564
-
-
income
22 824
22 645
-
-
withholding
16 110
15 985
-
-
total
38 934
38 630
-
-
Income
234 000
234 000
234 000
234 000
Total tax
123 449
117 298
84 359
108 784
After tax
110 551
116 702
149 641
125 216
Living cost
42 077
42 077
42 077
42 077
Free-cash
68 474
74 625
107 564
83 139

Estimated living cost  is ₽42077 per week

₽29819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽669
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88803
₽87929
₽77372
₽76427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
62 402
accident
-
-
-
171
pensions
-
-
-
9 231
other
-
-
-
9 922
unemployment
-
-
-
85
health
-
-
-
5 328
national
-
-
-
30 528
total
-
-
-
117 667
Employee
55 516
-
207 171
-
municipal
16 555
-
61 778
-
national
-
-
30 005
-
total
16 555
-
91 783
-
Employer
55 516
-
207 171
-
accident
111
-
171
-
other
6 451
-
9 922
-
unemployment
1 466
-
2 254
-
pensions
6 001
-
9 231
-
health
3 414
-
5 251
-
total
17 443
-
26 829
-
Corporate
161 041
234 000
-
-
income
35 429
51 480
-
-
total
35 429
51 480
-
-
Dividends
125 612
182 520
-
-
withholding
37 683
54 756
-
-
total
37 683
54 756
-
-
Income
234 000
234 000
234 000
234 000
Total tax
107 110
106 236
118 612
117 667
After tax
126 890
127 764
115 388
116 333
Living cost
38 961
38 961
38 961
38 961
Free-cash
87 929
88 803
76 427
77 372

Estimated living cost  is ₽38961 per week

₽25822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽77263
₽91380
₽73882
₽104692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
trade
-
-
-
30 810
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.

-
-
-
78 661
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.

-
-
-
6 862
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.

-
-
-
4 327
total
-
-
-
120 660
Employee

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

50 937
-
234 000
-
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.

6 862
-
6 862
-
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.

240
-
4 327
-
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.

4 376
-
78 661
-
total
11 478
-
89 850
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
183 063
234 000
-
-
surtax

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

1 510
1 931
-
-
income
27 459
35 101
-
-
trade
30 115
38 494
-
-
chamber of commerce
414
486
-
-
total
59 498
76 012
-
-
Dividends
123 566
157 988
-
-
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.

1 677
2 152
-
-
withholding
30 509
39 115
-
-
total
32 186
41 267
-
-
Income
234 000
234 000
234 000
234 000
Total tax
103 162
117 279
89 850
120 660
After tax
130 838
116 721
144 150
113 340
Living cost
39 458
39 458
39 458
39 458
Free-cash
91 380
77 263
104 692
73 882

Estimated living cost  is ₽39458 per week

₽26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽137940
₽133774
₽124503
₽122600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
54 701
health
-
-
-
5 966
social contributions
-
-
-
16 251
total
-
-
-
76 918
Employee
77 236
77 236
221 262
-
social contributions
3 753
6 410
8 646
-
health
768
1 313
3 761
-
income
8 110
7 150
53 676
-
total
12 631
14 873
66 083
-
Employer
77 236
77 236
221 262
-
social contributions
3 753
6 410
8 646
-
health
837
1 430
4 092
-
total
4 590
7 840
12 738
-
Corporate
184 200
148 924
-
-
income
23 026
18 615
-
-
total
23 026
18 615
-
-
Dividends
161 174
130 309
-
-
withholding
27 400
22 153
-
-
total
27 400
22 153
-
-
Income
234 000
234 000
234 000
234 000
Total tax
67 647
63 481
78 821
76 918
After tax
166 353
170 519
155 179
157 082
Living cost
32 579
32 579
32 579
32 579
Free-cash
133 774
137 940
122 600
124 503

Estimated living cost  is ₽32579 per week

₽22271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2545
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.
₽7217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113098
₽113477
₽143871
₽117420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
28 607
pensions
-
-
-
23 400
unemployment
-
-
-
3 510
health
-
-
-
16 380
total
-
-
-
71 897
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.

26 319
10 475
195 816
-
health
1 842
733
13 707
-
income
3 217
1 281
23 938
-
pensions
2 632
1 047
19 582
-
unemployment
395
157
2 937
-
total
8 086
3 218
60 164
-
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.

26 319
10 475
195 816
-
pensions
5 132
2 043
38 184
-
total
5 132
2 043
38 184
-
Corporate
202 549
221 483
-
-
income
18 229
19 933
-
-
total
18 229
19 933
-
-
Dividends
184 319
201 549
-
-
social contributions
35 823
39 182
-
-
withholding
35 021
38 294
-
-
total
70 844
77 476
-
-
Income
234 000
234 000
234 000
234 000
Total tax
102 291
102 670
98 348
71 897
After tax
131 709
131 330
135 652
162 103
Living cost
18 232
18 232
18 232
18 232
Free-cash
113 477
113 098
117 420
143 871

Estimated living cost  is ₽18232 per week

₽12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽162938
₽156699
₽101163
₽110612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
31 355
pensions
-
-
-
46 801
health
-
-
-
30 420
total
-
-
-
108 576
Employee
28 494
-
174 888
-
income
3 208
-
33 719
-
pensions
570
-
3 498
-
unemployment
456
-
2 798
-
total
4 234
-
40 015
-
Employer
28 494
-
174 888
-
unemployment
229
-
1 399
-
pensions
5 699
-
34 977
-
health
3 704
-
22 736
-
total
9 632
-
59 112
-
Corporate
195 874
234 000
-
-
income
39 174
46 801
-
-
total
39 174
46 801
-
-
Dividends
156 700
187 199
-
-
total
-
-
-
-
Income
234 000
234 000
234 000
234 000
Total tax
53 040
46 801
99 127
108 576
After tax
180 960
187 199
134 873
125 424
Living cost
24 261
24 261
24 261
24 261
Free-cash
156 699
162 938
110 612
101 163

Estimated living cost  is ₽24261 per week

₽16640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1445
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.
₽5688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3090
₽15571
₽137713
₽107080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
253
income
-
-
-
67 265
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
74 243
Employee
34 676
-
214 138
-
health
3 970
-
24 519
-
income
4 757
-
52 851
-
pensions
3 905
-
7 645
-
total
12 632
-
85 015
-
Employer
34 676
-
214 138
-
accident
579
-
3 576
-
unemployment
850
-
5 246
-
pensions
5 639
-
11 039
-
total
7 068
-
19 861
-
Corporate
192 257
234 000
-
-
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.

173 032
210 600
-
-
total
173 032
210 600
-
-
Dividends
19 225
23 400
-
-
withholding
3 653
4 446
-
-
total
3 653
4 446
-
-
Income
234 000
234 000
234 000
234 000
Total tax
196 385
215 046
104 876
74 243
After tax
37 615
18 954
129 124
159 757
Living cost
22 044
22 044
22 044
22 044
Free-cash
15 571
-3 090
107 080
137 713

Estimated living cost  is ₽22044 per week

₽16156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽213200
₽211493
₽222560
₽178100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
234 000
microenterprise

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

-
-
-
2 340
total
-
-
-
2 340
Employee
11 374
-
234 000
-
income
2 275
-
46 800
-
total
2 275
-
46 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

222 626
234 000
-
-
total
-
-
-
-
Dividends
222 626
234 000
-
-
withholding
11 132
11 700
-
-
total
11 132
11 700
-
-
Income
234 000
234 000
234 000
234 000
Total tax
13 407
11 700
46 800
2 340
After tax
220 593
222 300
187 200
231 660
Living cost
9 100
9 100
9 100
9 100
Free-cash
211 493
213 200
178 100
222 560

Estimated living cost  is ₽9100 per week

₽5639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145156
₽138371
₽115011
₽113096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
41 591
pensions

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

-
-
-
36 658
other
-
-
-
7 255
health
-
-
-
6 721
total
-
-
-
92 225
Employee
36 470
-
195 171
-
health
511
-
2 139
-
income
6 279
-
40 953
-
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.

2 552
-
10 691
-
unemployment
364
-
1 527
-
total
9 706
-
55 310
-
Employer
36 470
-
195 171
-
accident
292
-
1 561
-
other
1 824
-
7 636
-
unemployment
364
-
1 527
-
pensions

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

6 201
-
25 967
-
health
511
-
2 139
-
total
9 192
-
38 830
-
Corporate
188 339
234 000
-
-
income
39 552
49 139
-
-
total
39 552
49 139
-
-
Dividends
148 787
184 861
-
-
withholding
10 415
12 941
-
-
total
10 415
12 941
-
-
Income
234 000
234 000
234 000
234 000
Total tax
68 865
62 080
94 140
92 225
After tax
165 135
171 920
139 860
141 775
Living cost
26 764
26 764
26 764
26 764
Free-cash
138 371
145 156
113 096
115 011

Estimated living cost  is ₽26764 per week

₽18910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79896
₽87975
₽83768
₽62904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
72 959
pensions
-
-
-
10 172
total
-
-
-
83 131
Employee
94 938
-
203 883
-
health
1 564
-
2 734
-
income
17 114
-
59 050
-
pensions
9 159
-
12 094
-
total
27 837
-
73 878
-
Employer
94 938
-
203 883
-
pensions
11 209
-
26 244
-
health
1 803
-
3 873
-
total
13 012
-
30 117
-
Corporate
126 050
234 000
-
-
income

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

23 950
44 460
-
-
total
23 950
44 460
-
-
Dividends
102 100
189 540
-
-
withholding
14 125
42 543
-
-
total
14 125
42 543
-
-
Income
234 000
234 000
234 000
234 000
Total tax
78 924
87 003
103 995
83 131
After tax
155 076
146 997
130 005
150 869
Living cost
67 101
67 101
67 101
67 101
Free-cash
87 975
79 896
62 904
83 768

Estimated living cost  is ₽67101 per week

₽50280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽186902
₽182237
₽176366
₽186157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
35 100
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
44 466
Employee
17 436
-
227 117
-
health
802
-
1 614
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
income
1 743
-
22 712
-
pensions

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

1 531
-
3 080
-
total
4 268
-
27 792
-
Employer
17 436
-
227 117
-
accident

We are using the highest rate at 1.1%.

192
-
386
-
unemployment
104
-
210
-
pensions

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

1 922
-
3 866
-
health
1 203
-
2 421
-
total
3 421
-
6 883
-
Corporate
213 143
234 000
-
-
income
21 314
23 400
-
-
total
21 314
23 400
-
-
Dividends
191 829
210 600
-
-
withholding
9 592
10 530
-
-
total
9 592
10 530
-
-
Income
234 000
234 000
234 000
234 000
Total tax
38 595
33 930
34 675
44 466
After tax
195 405
200 070
199 325
189 534
Living cost
13 168
13 168
13 168
13 168
Free-cash
182 237
186 902
186 157
176 366

Estimated living cost  is ₽13168 per week

₽7687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₽61005
₽63532
₽69519
₽93944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
84 630
pensions
-
-
-
11 768
health
-
-
-
12 386
total
-
-
-
108 784
Employee
93 124
85 775
215 334
-
health
11 618
11 198
12 386
-
income

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

14 040
14 040
41 539
-
pensions
11 768
11 768
11 768
-
total
37 426
37 006
65 693
-
Employer
93 124
85 775
215 334
-
unemployment
3 353
3 088
3 837
-
pensions
6 481
5 970
7 420
-
health
6 471
5 962
7 409
-
total
16 305
15 020
18 666
-
Corporate
124 571
133 205
-
-
income
24 915
26 642
-
-
total
24 915
26 642
-
-
Dividends
99 657
106 564
-
-
income
21 177
22 645
-
-
withholding
14 948
15 985
-
-
total
36 125
38 630
-
-
Income
234 000
234 000
234 000
234 000
Total tax
114 771
117 298
84 359
108 784
After tax
119 229
116 702
149 641
125 216
Living cost
55 697
55 697
55 697
55 697
Free-cash
63 532
61 005
93 944
69 519

Estimated living cost  is ₽55697 per week

₽41086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽137089
₽128519
₽115186
₽104790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
25 177
health
-
-
-
31 590
solidarity contribution
-
-
-
3 463
social contributions
-
-
-
34 564
total
-
-
-
94 794
Employee
35 324
-
187 530
-
social contributions
2 296
-
7 694
-
health
4 769
-
25 317
-
solidarity contribution
-
-
2 530
-
income
4 239
-
23 178
-
total
11 304
-
58 719
-
Employer
35 324
-
187 530
-
social contributions
8 831
-
29 593
-
health
3 179
-
16 878
-
total
12 010
-
46 471
-
Corporate
186 666
234 000
-
-
income
35 467
44 460
-
-
total
35 467
44 460
-
-
Dividends
151 199
189 540
-
-
withholding
22 680
28 431
-
-
total
22 680
28 431
-
-
Income
234 000
234 000
234 000
234 000
Total tax
81 461
72 891
105 190
94 794
After tax
152 539
161 109
128 810
139 206
Living cost
24 020
24 020
24 020
24 020
Free-cash
128 519
137 089
104 790
115 186

Estimated living cost  is ₽24020 per week

₽16685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82465
₽77222
₽70893
₽62380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
1 470
regional
-
-
-
2 997
national
-
-
-
65 984
social contributions
-
-
-
50 272
total
-
-
-
120 723
Employee
89 268
-
234 000
-
social contributions
30 101
-
65 907
-
regional
842
-
2 724
-
municipal
473
-
1 344
-
national
15 468
-
59 261
-
total
46 884
-
129 236
-
Employer
89 268
-
234 000
-
total
-
-
-
-
Corporate
144 732
234 000
-
-
nationa
34 735
56 160
-
-
municipal
5 644
9 126
-
-
total
40 379
65 286
-
-
Dividends
104 353
168 714
-
-
withholding
27 131
43 865
-
-
total
27 131
43 865
-
-
Income
234 000
234 000
234 000
234 000
Total tax
114 394
109 151
129 236
120 723
After tax
119 606
124 849
104 764
113 277
Living cost
42 384
42 384
42 384
42 384
Free-cash
77 222
82 465
62 380
70 893

Estimated living cost  is ₽42384 per week

₽29545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9409
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125023
₽121896
₽87814
₽81672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
74 744
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
12 721
total
-
-
-
124 022
Employee
33 216
-
205 782
-
other
-
-
-
-
health
848
-
3 418
-
surtax
109
-
11 519
-
income
5 568
-
68 736
-
pensions
2 215
-
8 942
-
unemployment
2 312
-
9 330
-
total
11 052
-
101 945
-
Employer
33 216
-
205 782
-
other
-
-
-
-
unemployment
1 052
-
4 249
-
pensions
4 428
-
17 870
-
health
1 512
-
6 100
-
total
6 992
-
28 219
-
Corporate
193 792
234 000
-
-
income
50 386
60 839
-
-
total
50 386
60 839
-
-
Dividends
143 406
173 161
-
-
withholding
21 510
25 974
-
-
total
21 510
25 974
-
-
Income
234 000
234 000
234 000
234 000
Total tax
89 940
86 813
130 164
124 022
After tax
144 060
147 187
103 836
109 978
Living cost
22 164
22 164
22 164
22 164
Free-cash
121 896
125 023
81 672
87 814

Estimated living cost  is ₽22164 per week

₽13552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2045
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.
₽6056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101155
₽107784
₽105027
₽84163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
72 959
pensions
-
-
-
10 172
total
-
-
-
83 131
Employee
63 625
-
203 883
-
health
924
-
2 734
-
income
11 459
-
59 050
-
pensions
5 400
-
12 094
-
total
17 783
-
73 878
-
Employer
63 625
-
203 883
-
pensions
6 887
-
26 244
-
health
1 209
-
3 873
-
total
8 096
-
30 117
-
Corporate
162 279
234 000
-
-
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.

30 833
44 460
-
-
total
30 833
44 460
-
-
Dividends
131 446
189 540
-
-
withholding
23 662
42 543
-
-
total
23 662
42 543
-
-
Income
234 000
234 000
234 000
234 000
Total tax
80 374
87 003
103 995
83 131
After tax
153 626
146 997
130 005
150 869
Living cost
45 842
45 842
45 842
45 842
Free-cash
107 784
101 155
84 163
105 027

Estimated living cost  is ₽45842 per week

₽34344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽30607
₽63296
₽108597
₽100552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
city
-
-
-
2 466
pensions
-
-
-
21 528
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.

-
-
-
4 680
regional
-
-
-
13 352
health
-
-
-
526
national
-
-
-
6 457
total
-
-
-
49 009
Employee
89 401
-
210 849
-
city
959
-
2 284
-
regional
2 927
-
11 967
-
health
202
-
475
-
pensions
7 511
-
16 140
-
unemployment
-
-
-
-
national
423
-
5 356
-
total
12 022
-
36 222
-
Employer
89 401
-
210 849
-
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.

1 787
-
4 217
-
unemployment
-
-
-
-
pensions
7 511
-
16 140
-
health
202
-
475
-
total
9 500
-
20 832
-
Corporate
134 116
234 000
-
-
regional
28 366
49 492
-
-
national
11 400
19 890
-
-
total
39 766
69 382
-
-
Dividends
94 350
164 619
-
-
withholding
33 022
57 617
-
-
total
33 022
57 617
-
-
Income
234 000
234 000
234 000
234 000
Total tax
94 310
126 999
57 054
49 009
After tax
139 690
107 001
176 946
184 991
Living cost
76 394
76 394
76 394
76 394
Free-cash
63 296
30 607
100 552
108 597

Estimated living cost  is ₽76394 per week

₽49678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽938
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽69505
₽85794
₽66014
₽98136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
trade
-
-
-
32 122
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.

-
-
-
78 661
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.

-
-
-
6 862
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.

-
-
-
4 327
total
-
-
-
121 972
Employee

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

60 365
-
234 000
-
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.

6 862
-
6 862
-
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.

391
-
4 327
-
income

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

7 098
-
78 661
-
total
14 351
-
89 850
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
173 635
234 000
-
-
surtax

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

1 433
1 931
-
-
income
26 045
35 101
-
-
trade
29 779
40 131
-
-
chamber of commerce
396
482
-
-
total
57 653
77 645
-
-
Dividends
115 981
156 355
-
-
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.

1 574
2 129
-
-
withholding
28 614
38 707
-
-
total
30 188
40 836
-
-
Income
234 000
234 000
234 000
234 000
Total tax
102 192
118 481
89 850
121 972
After tax
131 808
115 519
144 150
112 028
Living cost
46 014
46 014
46 014
46 014
Free-cash
85 794
69 505
98 136
66 014

Estimated living cost  is ₽46014 per week

₽33607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83570
₽89504
₽92986
₽85624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
44 766
pensions
-
-
-
36 285
other
-
-
-
7 255
health
-
-
-
11 675
surtax
-
-
-
-
social contributions
-
-
-
6 668
total
-
-
-
106 649
Employee
42 988
-
178 134
-
social contributions
1 226
-
5 076
-
surtax
-
-
-
-
income
2 537
-
39 456
-
pensions
4 861
-
13 617
-
total
8 624
-
58 149
-
Employer
42 988
-
178 134
-
other
1 483
-
7 473
-
social contributions
130
-
534
-
unemployment
1 740
-
7 215
-
pensions
7 062
-
22 702
-
health
3 010
-
17 938
-
total
13 425
-
55 862
-
Corporate
177 587
234 000
-
-
surtax
-
-
-
-
income
49 725
65 520
-
-
total
49 725
65 520
-
-
Dividends
127 862
168 480
-
-
surtax
-
-
-
-
social contributions
21 991
28 979
-
-
withholding
16 366
21 566
-
-
total
38 357
50 545
-
-
Income
234 000
234 000
234 000
234 000
Total tax
110 131
116 065
114 011
106 649
After tax
123 869
117 935
119 989
127 351
Living cost
34 365
34 365
34 365
34 365
Free-cash
89 504
83 570
85 624
92 986

Estimated living cost  is ₽34365 per week

₽21669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86975
₽92555
₽96391
₽89029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
44 766
pensions
-
-
-
36 285
other
-
-
-
7 255
health
-
-
-
11 675
surtax
-
-
-
-
social contributions
-
-
-
6 668
total
-
-
-
106 649
Employee
38 373
-
178 134
-
social contributions
1 094
-
5 076
-
surtax
-
-
-
-
income
1 979
-
39 456
-
pensions
4 340
-
13 617
-
total
7 413
-
58 149
-
Employer
38 373
-
178 134
-
other
1 325
-
7 473
-
social contributions
114
-
534
-
unemployment
1 553
-
7 215
-
pensions
6 305
-
22 702
-
health
2 686
-
17 938
-
total
11 983
-
55 862
-
Corporate
183 643
234 000
-
-
surtax
-
-
-
-
income
51 421
65 520
-
-
total
51 421
65 520
-
-
Dividends
132 222
168 480
-
-
surtax
-
-
-
-
social contributions
22 744
28 979
-
-
withholding
16 924
21 566
-
-
total
39 668
50 545
-
-
Income
234 000
234 000
234 000
234 000
Total tax
110 485
116 065
114 011
106 649
After tax
123 515
117 935
119 989
127 351
Living cost
30 960
30 960
30 960
30 960
Free-cash
92 555
86 975
89 029
96 391

Estimated living cost  is ₽30960 per week

₽17956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽121463
₽121982
₽128976
₽122474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
35 101
health
-
-
-
16 333
social contributions
-
-
-
32 291
total
-
-
-
83 725
Employee
34 056
-
234 000
-
social contributions
4 700
-
32 291
-
health
2 377
-
16 333
-
income
5 680
-
41 603
-
total
12 757
-
90 227
-
Employer
34 056
-
234 000
-
total
-
-
-
-
Corporate
199 944
234 000
-
-
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%.

9 998
11 700
-
-
total
9 998
11 700
-
-
Dividends
189 946
222 300
-
-
health
13 259
15 516
-
-
social contributions
26 213
30 677
-
-
withholding
28 492
33 345
-
-
total
67 964
79 538
-
-
Income
234 000
234 000
234 000
234 000
Total tax
90 719
91 238
90 227
83 725
After tax
143 281
142 762
143 773
150 275
Living cost
21 299
21 299
21 299
21 299
Free-cash
121 982
121 463
122 474
128 976

Estimated living cost  is ₽21299 per week

₽14254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93535
₽91979
₽84351
₽25835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
chamber of commerce
-
-
-
936
income
-
-
-
76 277
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
198
total
-
-
-
114 257
Employee
50 197
40 028
194 404
-
other
501
400
1 174
-
health
1 942
1 550
4 540
-
income
5 715
2 953
64 276
-
pensions
5 141
4 098
12 016
-
unemployment
1 506
1 201
3 521
-
total
14 805
10 202
85 527
-
Employer
50 197
40 028
194 404
-
accident
652
520
1 525
-
other
2 385
1 900
8 579
-
chamber of commerce
200
160
778
-
unemployment
1 506
1 201
3 521
-
surtax
198
198
198
-
pensions
6 300
5 024
14 727
-
payroll
1 506
1 201
5 833
-
health
1 897
1 513
4 436
-
total
14 644
11 717
39 597
-
Corporate
169 160
182 253
190 592
-
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.

42 291
45 564
47 649
-
total
42 291
45 564
47 649
-
Dividends
126 869
136 690
-
-
withholding
34 889
37 590
-
-
total
34 889
37 590
-
-
Income
234 000
234 000
234 000
234 000
Total tax
106 629
105 073
172 773
114 257
After tax
127 371
128 927
61 227
119 743
Living cost
35 392
35 392
35 392
35 392
Free-cash
91 979
93 535
25 835
84 351

Estimated living cost  is ₽35392 per week

₽23605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91341
₽79063
₽65193
₽42581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
national
-
-
-
94 604
communal

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

-
-
-
12 538
social contributions
-
-
-
25 042
total
-
-
-
132 184
Employee

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

71 848
-
181 241
-
communal

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

3 747
-
9 454
-
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.

3 376
-
8 516
-
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.

5 389
-
13 592
-
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.

625
-
1 576
-
national
22 089
-
68 902
-
total
35 226
-
102 040
-
Employer

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

71 848
-
181 241
-
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.

934
-
2 356
-
unemployment

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

1 048
-
2 646
-
surtax
8 147
-
20 552
-
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.

6 366
-
16 057
-
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.

4 418
-
11 145
-
total
20 913
-
52 756
-
Corporate
141 238
234 000
-
-
surtax
564
1 014
-
-
income
28 248
50 704
-
-
total
28 812
51 718
-
-
Dividends
112 426
182 282
-
-
withholding

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

33 363
54 318
-
-
total
33 363
54 318
-
-
Income
234 000
234 000
234 000
234 000
Total tax
118 314
106 036
154 796
132 184
After tax
115 686
127 964
79 204
101 816
Living cost
36 623
36 623
36 623
36 623
Free-cash
79 063
91 341
42 581
65 193

Estimated living cost  is ₽36623 per week

₽23590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3202
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119013
₽112131
₽94407
₽90193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
839
income
-
-
-
75 389
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
103 319
Employee
49 998
-
204 320
-
other
50
-
93
-
income
10 549
-
71 941
-
pensions
2 350
-
4 376
-
unemployment
776
-
1 443
-
total
13 725
-
77 853
-
Employer
49 998
-
204 320
-
accident
989
-
1 843
-
other
398
-
745
-
unemployment
2 751
-
5 120
-
pensions
11 799
-
21 972
-
total
15 937
-
29 680
-
Corporate
168 065
234 000
-
-
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.

25 210
35 101
-
-
total
25 210
35 101
-
-
Dividends
142 855
198 899
-
-
withholding
30 723
43 612
-
-
total
30 723
43 612
-
-
Income
234 000
234 000
234 000
234 000
Total tax
85 595
78 713
107 533
103 319
After tax
148 405
155 287
126 467
130 681
Living cost
36 274
36 274
36 274
36 274
Free-cash
112 131
119 013
90 193
94 407

Estimated living cost  is ₽36274 per week

₽26712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽77226
₽63415
₽54717
₽64046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
1 973
income
-
-
-
44 821
pensions
-
-
-
35 074
health
-
-
-
16 440
surtax
-
-
-
11 601
communal
-
-
-
14 789
total
-
-
-
124 698
Employee
76 065
-
209 022
-
health
3 385
-
9 300
-
surtax
4 662
-
12 811
-
income
7 347
-
51 559
-
pensions
6 084
-
16 722
-
total
21 478
-
90 392
-
Employer
76 065
-
209 022
-
accident
684
-
1 881
-
pensions
6 084
-
16 722
-
health
2 320
-
6 374
-
total
9 088
-
24 977
-
Corporate
148 847
234 000
-
-
surtax
1 563
2 457
-
-
communal
10 047
15 796
-
-
income
22 326
35 101
-
-
total
33 936
53 354
-
-
Dividends
114 910
180 646
-
-
income
34 261
21 738
-
-
withholding
17 237
27 097
-
-
total
51 498
48 835
-
-
Income
234 000
234 000
234 000
234 000
Total tax
116 000
102 189
115 369
124 698
After tax
118 000
131 811
118 631
109 302
Living cost
54 585
54 585
54 585
54 585
Free-cash
63 415
77 226
64 046
54 717

Estimated living cost  is ₽54585 per week

₽40947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124626
₽121432
₽87417
₽81275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
74 744
pensions
-
-
-
26 811
other
-
-
-
-
unemployment
-
-
-
229
health
-
-
-
9 517
surtax
-
-
-
12 721
total
-
-
-
124 022
Employee
33 826
-
205 782
-
other
-
-
-
-
health
863
-
3 418
-
surtax
120
-
11 519
-
income
5 671
-
68 736
-
pensions
2 257
-
8 942
-
unemployment
2 354
-
9 330
-
total
11 265
-
101 945
-
Employer
33 826
-
205 782
-
other
-
-
-
-
unemployment
1 073
-
4 249
-
pensions
4 510
-
17 870
-
health
1 538
-
6 100
-
total
7 121
-
28 219
-
Corporate
193 053
234 000
-
-
income
50 193
60 839
-
-
total
50 193
60 839
-
-
Dividends
142 860
173 161
-
-
withholding
21 428
25 974
-
-
total
21 428
25 974
-
-
Income
234 000
234 000
234 000
234 000
Total tax
90 007
86 813
130 164
124 022
After tax
143 993
147 187
103 836
109 978
Living cost
22 561
22 561
22 561
22 561
Free-cash
121 432
124 626
81 275
87 417

Estimated living cost  is ₽22561 per week

₽13621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95939
₽93710
₽85488
₽77018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
1 470
regional
-
-
-
3 729
national
-
-
-
65 984
social contributions
-
-
-
50 272
total
-
-
-
121 455
Employee
55 717
-
234 000
-
social contributions
18 788
-
65 907
-
regional
750
-
3 413
-
municipal
295
-
1 344
-
national
8 827
-
59 261
-
total
28 660
-
129 925
-
Employer
55 717
-
234 000
-
total
-
-
-
-
Corporate
178 283
234 000
-
-
nationa
42 788
56 160
-
-
municipal
8 861
11 629
-
-
total
51 649
67 789
-
-
Dividends
126 633
166 211
-
-
withholding
32 924
43 215
-
-
total
32 924
43 215
-
-
Income
234 000
234 000
234 000
234 000
Total tax
113 233
111 004
129 925
121 455
After tax
120 767
122 996
104 075
112 545
Living cost
27 057
27 057
27 057
27 057
Free-cash
93 710
95 939
77 018
85 488

Estimated living cost  is ₽27057 per week

₽16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131510
₽120951
₽109607
₽99211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
25 177
health
-
-
-
31 590
solidarity contribution
-
-
-
3 463
social contributions
-
-
-
34 564
total
-
-
-
94 794
Employee
43 528
-
187 530
-
social contributions
2 829
-
7 694
-
health
5 876
-
25 317
-
solidarity contribution
-
-
2 530
-
income
5 223
-
23 178
-
total
13 928
-
58 719
-
Employer
43 528
-
187 530
-
social contributions
10 882
-
29 593
-
health
3 918
-
16 878
-
total
14 800
-
46 471
-
Corporate
175 672
234 000
-
-
income
33 378
44 460
-
-
total
33 378
44 460
-
-
Dividends
142 294
189 540
-
-
withholding
21 344
28 431
-
-
total
21 344
28 431
-
-
Income
234 000
234 000
234 000
234 000
Total tax
83 450
72 891
105 190
94 794
After tax
150 550
161 109
128 810
139 206
Living cost
29 599
29 599
29 599
29 599
Free-cash
120 951
131 510
99 211
109 607

Estimated living cost  is ₽29599 per week

₽22012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96991
₽96493
₽87896
₽29230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
chamber of commerce
-
-
-
936
income
-
-
-
76 277
pensions
-
-
-
21 709
unemployment
-
-
-
6 161
health
-
-
-
8 976
surtax
-
-
-
-
total
-
-
-
114 059
Employee
43 907
40 028
194 591
-
other
438
400
1 174
-
health
1 698
1 550
4 540
-
income
3 911
2 953
64 369
-
pensions
4 497
4 098
12 016
-
unemployment
1 317
1 201
3 521
-
total
11 861
10 202
85 620
-
Employer
43 907
40 028
194 591
-
accident
570
520
1 525
-
other
2 085
1 900
8 585
-
chamber of commerce
175
160
778
-
unemployment
1 317
1 201
3 521
-
surtax
-
-
-
-
pensions
5 511
5 024
14 727
-
payroll
1 317
1 201
5 838
-
health
1 660
1 513
4 436
-
total
12 635
11 519
39 410
-
Corporate
177 458
182 451
190 779
-
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.

44 365
45 613
47 695
-
total
44 365
45 613
47 695
-
Dividends
133 093
136 838
-
-
withholding
36 601
37 630
-
-
total
36 601
37 630
-
-
Income
234 000
234 000
234 000
234 000
Total tax
105 462
104 964
172 725
114 059
After tax
128 538
129 036
61 275
119 941
Living cost
32 045
32 045
32 045
32 045
Free-cash
96 493
96 991
29 230
87 896

Estimated living cost  is ₽32045 per week

₽19223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3273
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽208120
₽205461
₽217480
₽173020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
234 000
microenterprise

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

-
-
-
2 340
total
-
-
-
2 340
Employee
17 726
-
234 000
-
income
3 545
-
46 800
-
total
3 545
-
46 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

216 274
234 000
-
-
total
-
-
-
-
Dividends
216 274
234 000
-
-
withholding
10 814
11 700
-
-
total
10 814
11 700
-
-
Income
234 000
234 000
234 000
234 000
Total tax
14 359
11 700
46 800
2 340
After tax
219 641
222 300
187 200
231 660
Living cost
14 180
14 180
14 180
14 180
Free-cash
205 461
208 120
173 020
217 480

Estimated living cost  is ₽14180 per week

₽9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽595
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.
₽3513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134168
₽125766
₽80849
₽75767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
income
-
-
-
60 098
pensions
-
-
-
42 735
unemployment
-
-
-
351
health
-
-
-
23 026
total
-
-
-
126 210
Employee

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

44 416
-
202 475
-
health
2 869
-
13 080
-
income
7 660
-
55 019
-
pensions
6 885
-
31 384
-
unemployment
63
-
284
-
total
17 477
-
99 767
-
Employer

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

44 416
-
202 475
-
unemployment
27
-
122
-
pensions
3 930
-
17 919
-
health
2 958
-
13 484
-
total
6 915
-
31 525
-
Corporate
182 668
234 000
-
-
income
34 706
44 460
-
-
total
34 706
44 460
-
-
Dividends
147 962
189 540
-
-
withholding
22 195
28 431
-
-
total
22 195
28 431
-
-
Income
234 000
234 000
234 000
234 000
Total tax
81 293
72 891
131 292
126 210
After tax
152 707
161 109
102 708
107 790
Living cost
26 941
26 941
26 941
26 941
Free-cash
125 766
134 168
75 767
80 849

Estimated living cost  is ₽26941 per week

₽18489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98802
₽50776
₽118149
₽177154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
45 611
social contributions
-
-
-
26 676
total
-
-
-
72 287
Employee
62 465
-
-
-
social contributions
5 122
-
730
-
income
13 779
-
-
-
total
18 901
-
730
-
Employer
62 465
-
-
-
social contributions
88 076
-
12 552
-
total
88 076
-
12 552
-
Corporate
83 459
234 000
-
-
income
18 361
51 480
-
-
total
18 361
51 480
-
-
Dividends
65 098
182 520
-
-
income
14 322
40 154
-
-
total
14 322
40 154
-
-
Income
234 000
234 000
234 000
234 000
Total tax
139 660
91 634
13 282
72 287
After tax
94 340
142 366
220 718
161 713
Living cost
43 564
43 564
43 564
43 564
Free-cash
50 776
98 802
177 154
118 149

Estimated living cost  is ₽43564 per week

₽28266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4097
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.
₽10646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101595
₽100581
₽90151
₽71576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
income
-
-
-
31 029
surtax
-
-
-
-
social contributions

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

-
-
-
81 314
total
-
-
-
112 343
Employee
46 196
-
189 090
-
social contributions
5 082
-
20 799
-
surtax
-
-
395
-
income
9 609
-
64 814
-
total
14 691
-
86 008
-
Employer
46 196
-
189 090
-
social contributions
10 972
-
44 910
-
total
10 972
-
44 910
-
Corporate
176 832
234 000
-
-
surtax
-
-
-
-
income
37 135
49 139
-
-
total
37 135
49 139
-
-
Dividends
139 698
184 861
-
-
withholding
39 115
51 760
-
-
total
39 115
51 760
-
-
Income
234 000
234 000
234 000
234 000
Total tax
101 913
100 899
130 918
112 343
After tax
132 087
133 101
103 082
121 657
Living cost
31 506
31 506
31 506
31 506
Free-cash
100 581
101 595
71 576
90 151

Estimated living cost  is ₽31506 per week

₽23573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69422
₽76330
₽78838
₽71476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
44 766
pensions
-
-
-
36 285
other
-
-
-
7 255
health
-
-
-
11 675
surtax
-
-
-
-
social contributions
-
-
-
6 668
total
-
-
-
106 649
Employee
62 910
-
178 134
-
social contributions
1 792
-
5 076
-
surtax
-
-
-
-
income
5 489
-
39 456
-
pensions
7 115
-
13 617
-
total
14 396
-
58 149
-
Employer
62 910
-
178 134
-
other
2 171
-
7 473
-
social contributions
189
-
534
-
unemployment
2 548
-
7 215
-
pensions
10 337
-
22 702
-
health
4 403
-
17 938
-
total
19 648
-
55 862
-
Corporate
151 442
234 000
-
-
surtax
-
-
-
-
income
42 403
65 520
-
-
total
42 403
65 520
-
-
Dividends
109 039
168 480
-
-
surtax
-
-
-
-
social contributions
18 754
28 979
-
-
withholding
13 956
21 566
-
-
total
32 710
50 545
-
-
Income
234 000
234 000
234 000
234 000
Total tax
109 157
116 065
114 011
106 649
After tax
124 843
117 935
119 989
127 351
Living cost
48 513
48 513
48 513
48 513
Free-cash
76 330
69 422
71 476
78 838

Estimated living cost  is ₽48513 per week

₽32833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽665
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽180408
₽177032
₽140174
₽146392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
12 153
social contributions
-
-
-
51 480
total
-
-
-
63 633
Employee
32 292
-
202 597
-
income
-
-
12 843
-
social contributions
2 099
-
13 169
-
total
2 099
-
26 012
-
Employer
32 292
-
202 597
-
social contributions
5 005
-
31 403
-
total
5 005
-
31 403
-
Corporate
196 703
234 000
-
-
income
19 671
23 399
-
-
total
19 671
23 399
-
-
Dividends
177 032
210 601
-
-
total
-
-
-
-
Income
234 000
234 000
234 000
234 000
Total tax
26 775
23 399
57 415
63 633
After tax
207 225
210 601
176 585
170 367
Living cost
30 193
30 193
30 193
30 193
Free-cash
177 032
180 408
146 392
140 174

Estimated living cost  is ₽30193 per week

₽19522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽15155
₽8630
₽86337
₽15155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
50 438
pensions
-
-
-
871
national
-
-
-
29 330
labour market
-
-
-
18 650
total
-
-
-
99 289
Employee
204 176
204 176
204 176
-
labour market
16 311
16 311
16 311
-
national
24 944
24 944
24 944
-
municipal
43 478
43 478
43 478
-
pensions
290
290
290
-
total
85 023
85 023
85 023
-
Employer
204 176
204 176
204 176
-
labour market
16 334
16 334
16 334
-
municipal
43 547
43 547
43 547
-
pensions
580
580
580
-
national
24 987
24 987
24 987
-
total
85 448
85 448
85 448
-
Corporate
15 154
-
-
-
income
3 334
-
-
-
total
3 334
-
-
-
Dividends
11 820
-
-
-
withholding
3 191
-
-
-
total
3 191
-
-
-
Income
234 000
234 000
234 000
234 000
Total tax
176 996
170 471
170 471
99 289
After tax
57 004
63 529
63 529
134 711
Living cost
48 374
48 374
48 374
48 374
Free-cash
8 630
15 155
15 155
86 337

Estimated living cost  is ₽48374 per week

₽33108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽744
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2765
₽15624
₽138038
₽107405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
253
income
-
-
-
67 265
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
74 243
Employee
34 165
-
214 138
-
health
3 912
-
24 519
-
income
4 687
-
52 851
-
pensions
3 847
-
7 645
-
total
12 446
-
85 015
-
Employer
34 165
-
214 138
-
accident
570
-
3 576
-
unemployment
837
-
5 246
-
pensions
5 555
-
11 039
-
total
6 962
-
19 861
-
Corporate
192 872
234 000
-
-
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.

173 585
210 600
-
-
total
173 585
210 600
-
-
Dividends
19 287
23 400
-
-
withholding
3 664
4 446
-
-
total
3 664
4 446
-
-
Income
234 000
234 000
234 000
234 000
Total tax
196 657
215 046
104 876
74 243
After tax
37 343
18 954
129 124
159 757
Living cost
21 719
21 719
21 719
21 719
Free-cash
15 624
-2 765
107 405
138 038

Estimated living cost  is ₽21719 per week

₽15809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
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.
₽4264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104520
₽107624
₽104072
₽77270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
234 000
municipal
-
-
-
41 547
health
-
-
-
3 185
national
-
-
-
46 633
total
-
-
-
91 365
Employee
52 845
-
196 856
-
health
395
-
2 613
-
municipal
8 656
-
32 040
-
pensions
3 566
-
13 287
-
unemployment
793
-
2 953
-
national
873
-
30 130
-
total
14 283
-
81 023
-
Employer
52 845
-
196 856
-
accident
53
-
196
-
unemployment
343
-
1 279
-
pensions
9 168
-
34 154
-
health
406
-
1 515
-
total
9 970
-
37 144
-
Corporate
171 184
234 000
-
-
income
34 237
46 801
-
-
total
34 237
46 801
-
-
Dividends

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

102 710
140 400
-
-
national
10 836
18 845
-
-
municipal
18 487
25 271
-
-
total
29 323
44 116
-
-
Income
234 000
234 000
234 000
234 000
Total tax
87 813
90 917
118 167
91 365
After tax
146 187
143 083
115 833
142 635
Living cost
38 563
38 563
38 563
38 563
Free-cash
107 624
104 520
77 270
104 072

Estimated living cost  is ₽38563 per week

₽25189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽614
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽147264
₽141797
₽133827
₽131924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
54 701
health
-
-
-
5 966
social contributions
-
-
-
16 251
total
-
-
-
76 918
Employee
77 236
77 236
221 262
-
social contributions
2 920
6 410
8 646
-
health
599
1 313
3 761
-
income
8 410
7 150
53 676
-
total
11 929
14 873
66 083
-
Employer
77 236
77 236
221 262
-
social contributions
2 920
6 410
8 646
-
health
650
1 430
4 092
-
total
3 570
7 840
12 738
-
Corporate
195 246
148 924
-
-
income
24 406
18 615
-
-
total
24 406
18 615
-
-
Dividends
170 840
130 309
-
-
withholding
29 043
22 153
-
-
total
29 043
22 153
-
-
Income
234 000
234 000
234 000
234 000
Total tax
68 948
63 481
78 821
76 918
After tax
165 052
170 519
155 179
157 082
Living cost
23 255
23 255
23 255
23 255
Free-cash
141 797
147 264
131 924
133 827

Estimated living cost  is ₽23255 per week

₽13937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽177828
₽172719
₽183720
₽163573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
234 000
income
-
-
-
24 280
pensions
-
-
-
6 389
unemployment
-
-
-
29
health
-
-
-
3 635
total
-
-
-
34 333
Employee

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

23 055
-
224 184
-
health
1 959
-
8 101
-
income
1 576
-
21 789
-
pensions
3 458
-
14 296
-
unemployment
114
-
477
-
total
7 107
-
44 663
-
Employer

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

23 055
-
224 184
-
unemployment
114
-
477
-
pensions
1 268
-
5 242
-
health
991
-
4 098
-
total
2 373
-
9 817
-
Corporate
208 572
234 000
-
-
income
18 771
21 061
-
-
total
18 771
21 061
-
-
Dividends
189 800
212 939
-
-
withholding
17 083
19 164
-
-
total
17 083
19 164
-
-
Income
234 000
234 000
234 000
234 000
Total tax
45 334
40 225
54 480
34 333
After tax
188 666
193 775
179 520
199 667
Living cost
15 947
15 947
15 947
15 947
Free-cash
172 719
177 828
163 573
183 720

Estimated living cost  is ₽15947 per week

₽10175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127666
₽123231
₽103060
₽98846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
839
income
-
-
-
75 389
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
103 319
Employee
37 140
-
204 320
-
other
36
-
93
-
income
7 160
-
71 941
-
pensions
1 746
-
4 376
-
unemployment
576
-
1 443
-
total
9 518
-
77 853
-
Employer
37 140
-
204 320
-
accident
736
-
1 843
-
other
297
-
745
-
unemployment
2 043
-
5 120
-
pensions
8 764
-
21 972
-
total
11 840
-
29 680
-
Corporate
185 019
234 000
-
-
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.

27 753
35 101
-
-
total
27 753
35 101
-
-
Dividends
157 267
198 899
-
-
withholding
34 037
43 612
-
-
total
34 037
43 612
-
-
Income
234 000
234 000
234 000
234 000
Total tax
83 148
78 713
107 533
103 319
After tax
150 852
155 287
126 467
130 681
Living cost
27 621
27 621
27 621
27 621
Free-cash
123 231
127 666
98 846
103 060

Estimated living cost  is ₽27621 per week

₽18644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2655
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.
₽5838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143266
₽142815
₽147735
₽147539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
80 054
pensions
-
-
-
2 006
health
-
-
-
1 455
total
-
-
-
83 515
Employee
4 189
-
231 743
-
health
209
-
502
-
income
810
-
79 949
-
pensions
377
-
903
-
unemployment
42
-
100
-
total
1 438
-
81 454
-
Employer
4 189
-
231 743
-
unemployment
84
-
201
-
pensions
461
-
1 103
-
health
398
-
953
-
total
943
-
2 257
-
Corporate
228 868
234 000
-
-
income
50 351
51 480
-
-
total
50 351
51 480
-
-
Dividends
178 517
182 520
-
-
withholding
35 703
36 504
-
-
total
35 703
36 504
-
-
Income
234 000
234 000
234 000
234 000
Total tax
88 435
87 984
83 711
83 515
After tax
145 565
146 016
150 289
150 485
Living cost
2 750
2 750
2 750
2 750
Free-cash
142 815
143 266
147 539
147 735

Estimated living cost  is ₽2750 per week

₽1635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽151695
₽146754
₽134269
₽134267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
income
-
-
-
54 304
pensions
-
-
-
19 299
unemployment
-
-
-
1 113
health
-
-
-
7 645
total
-
-
-
82 361
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.

26 193
-
220 713
-
health
1 349
-
3 823
-
income
3 610
-
54 304
-
pensions
3 667
-
10 392
-
unemployment
196
-
557
-
total
8 822
-
69 076
-
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.

26 193
-
220 713
-
unemployment
196
-
557
-
pensions
3 143
-
8 907
-
health
1 349
-
3 823
-
total
4 688
-
13 287
-
Corporate
203 119
234 000
-
-
income
30 468
35 100
-
-
total
30 468
35 100
-
-
Dividends
172 651
198 900
-
-
withholding
25 898
29 835
-
-
total
25 898
29 835
-
-
Income
234 000
234 000
234 000
234 000
Total tax
69 876
64 935
82 363
82 361
After tax
164 124
169 065
151 637
151 639
Living cost
17 370
17 370
17 370
17 370
Free-cash
146 754
151 695
134 267
134 269

Estimated living cost  is ₽17370 per week

₽11695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106022
₽105659
₽94578
₽76003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
income
-
-
-
31 029
surtax
-
-
-
-
social contributions

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

-
-
-
81 314
total
-
-
-
112 343
Employee
38 984
-
189 090
-
social contributions
4 289
-
20 799
-
surtax
-
-
395
-
income
7 617
-
64 814
-
total
11 906
-
86 008
-
Employer
38 984
-
189 090
-
social contributions
9 258
-
44 910
-
total
9 258
-
44 910
-
Corporate
185 758
234 000
-
-
surtax
-
-
-
-
income
39 008
49 139
-
-
total
39 008
49 139
-
-
Dividends
146 749
184 861
-
-
withholding
41 090
51 760
-
-
total
41 090
51 760
-
-
Income
234 000
234 000
234 000
234 000
Total tax
101 262
100 899
130 918
112 343
After tax
132 738
133 101
103 082
121 657
Living cost
27 079
27 079
27 079
27 079
Free-cash
105 659
106 022
76 003
94 578

Estimated living cost  is ₽27079 per week

₽19179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119987
₽113412
₽95381
₽91167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
839
income
-
-
-
75 389
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
103 319
Employee
48 510
-
204 320
-
other
48
-
93
-
income
10 132
-
71 941
-
pensions
2 280
-
4 376
-
unemployment
751
-
1 443
-
total
13 211
-
77 853
-
Employer
48 510
-
204 320
-
accident
961
-
1 843
-
other
389
-
745
-
unemployment
2 669
-
5 120
-
pensions
11 448
-
21 972
-
total
15 467
-
29 680
-
Corporate
170 024
234 000
-
-
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.

25 504
35 101
-
-
total
25 504
35 101
-
-
Dividends
144 521
198 899
-
-
withholding
31 106
43 612
-
-
total
31 106
43 612
-
-
Income
234 000
234 000
234 000
234 000
Total tax
85 288
78 713
107 533
103 319
After tax
148 712
155 287
126 467
130 681
Living cost
35 300
35 300
35 300
35 300
Free-cash
113 412
119 987
91 167
95 381

Estimated living cost  is ₽35300 per week

₽25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
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.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽182794
₽176676
₽172258
₽182049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
35 100
pensions

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

-
-
-
5 192
unemployment
-
-
-
140
health
-
-
-
4 034
total
-
-
-
44 466
Employee
22 876
-
227 117
-
health
1 052
-
1 614
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
income
2 288
-
22 712
-
pensions

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

2 008
-
3 080
-
total
5 599
-
27 792
-
Employer
22 876
-
227 117
-
accident

We are using the highest rate at 1.1%.

251
-
386
-
unemployment
137
-
210
-
pensions

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

2 521
-
3 866
-
health
1 579
-
2 421
-
total
4 488
-
6 883
-
Corporate
206 635
234 000
-
-
income
20 663
23 400
-
-
total
20 663
23 400
-
-
Dividends
185 972
210 600
-
-
withholding
9 298
10 530
-
-
total
9 298
10 530
-
-
Income
234 000
234 000
234 000
234 000
Total tax
40 048
33 930
34 675
44 466
After tax
193 952
200 070
199 325
189 534
Living cost
17 276
17 276
17 276
17 276
Free-cash
176 676
182 794
182 049
172 258

Estimated living cost  is ₽17276 per week

₽11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81553
₽94693
₽78493
₽105371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
trade
-
-
-
26 878
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.

-
-
-
78 661
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.

-
-
-
6 862
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.

-
-
-
4 327
total
-
-
-
116 728
Employee

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

49 977
-
234 000
-
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.

6 862
-
6 862
-
surtax

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

227
-
4 327
-
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.

4 110
-
78 661
-
total
11 199
-
89 850
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
184 023
234 000
-
-
surtax

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

1 519
1 931
-
-
income
27 604
35 101
-
-
trade
26 407
33 580
-
-
chamber of commerce
423
496
-
-
total
55 953
71 108
-
-
Dividends
128 069
162 893
-
-
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.

1 740
2 219
-
-
withholding
31 636
40 341
-
-
total
33 376
42 560
-
-
Income
234 000
234 000
234 000
234 000
Total tax
100 528
113 668
89 850
116 728
After tax
133 472
120 332
144 150
117 272
Living cost
38 779
38 779
38 779
38 779
Free-cash
94 693
81 553
105 371
78 493

Estimated living cost  is ₽38779 per week

₽26750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106583
₽108801
₽59423
₽59423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
76 997
social contributions
-
-
-
40 363
total
-
-
-
117 360
Employee
78 569
-
234 000
-
income
14 826
-
76 997
-
social contributions
6 527
-
40 363
-
total
21 353
-
117 360
-
Employer
78 569
-
234 000
-
total
-
-
-
-
Corporate
155 431
234 000
-
-
income
19 429
29 249
-
-
total
19 429
29 249
-
-
Dividends
136 002
204 751
-
-
withholding
27 200
40 951
-
-
total
27 200
40 951
-
-
Income
234 000
234 000
234 000
234 000
Total tax
67 982
70 200
117 360
117 360
After tax
166 018
163 800
116 640
116 640
Living cost
57 217
57 217
57 217
57 217
Free-cash
108 801
106 583
59 423
59 423

Estimated living cost  is ₽57217 per week

₽43530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4662
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.
₽8478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110332
₽113840
₽155708
₽126436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
income
-
-
-
35 101
health

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

-
-
-
6 730
total
-
-
-
41 831
Employee
46 078
-
229 380
-
income
5 000
-
61 863
-
social contributions
4 617
-
4 620
-
total
9 617
-
66 483
-
Employer
46 078
-
229 380
-
social contributions
4 617
-
4 620
-
total
4 617
-
4 620
-
Corporate
183 306
234 000
-
-
income
64 158
81 900
-
-
total
64 158
81 900
-
-
Dividends
119 148
152 100
-
-
social contributions
5 307
5 307
-
-
total
5 307
5 307
-
-
Income
234 000
234 000
234 000
234 000
Total tax
83 699
87 207
71 103
41 831
After tax
150 301
146 793
162 897
192 169
Living cost
36 461
36 461
36 461
36 461
Free-cash
113 840
110 332
126 436
155 708

Estimated living cost  is ₽36461 per week

₽24017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2874
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.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽109729
₽115672
₽113601
₽92737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
income
-
-
-
72 959
pensions
-
-
-
10 172
total
-
-
-
83 131
Employee
51 155
-
203 883
-
health
667
-
2 734
-
income
9 316
-
59 050
-
pensions
3 904
-
12 094
-
total
13 887
-
73 878
-
Employer
51 155
-
203 883
-
pensions
5 168
-
26 244
-
health
972
-
3 873
-
total
6 140
-
30 117
-
Corporate
176 704
234 000
-
-
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.

33 573
44 460
-
-
total
33 573
44 460
-
-
Dividends
143 131
189 540
-
-
withholding
27 460
42 543
-
-
total
27 460
42 543
-
-
Income
234 000
234 000
234 000
234 000
Total tax
81 060
87 003
103 995
83 131
After tax
152 940
146 997
130 005
150 869
Living cost
37 268
37 268
37 268
37 268
Free-cash
115 672
109 729
92 737
113 601

Estimated living cost  is ₽37268 per week

₽25565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽4915
₽15292
₽135888
₽105255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
accident
-
-
-
253
income
-
-
-
67 265
pensions
-
-
-
4 169
other
-
-
-
371
health
-
-
-
2 185
total
-
-
-
74 243
Employee
37 547
-
214 138
-
health
4 299
-
24 519
-
income
5 151
-
52 851
-
pensions
4 228
-
7 645
-
total
13 678
-
85 015
-
Employer
37 547
-
214 138
-
accident
627
-
3 576
-
unemployment
920
-
5 246
-
pensions
6 105
-
11 039
-
total
7 652
-
19 861
-
Corporate
188 802
234 000
-
-
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.

169 922
210 600
-
-
total
169 922
210 600
-
-
Dividends
18 880
23 400
-
-
withholding
3 587
4 446
-
-
total
3 587
4 446
-
-
Income
234 000
234 000
234 000
234 000
Total tax
194 839
215 046
104 876
74 243
After tax
39 161
18 954
129 124
159 757
Living cost
23 869
23 869
23 869
23 869
Free-cash
15 292
-4 915
105 255
135 888

Estimated living cost  is ₽23869 per week

₽17517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽165444
₽162405
₽136820
₽158904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
234 000
work injury
-
-
-
803
health insurance
-
-
-
11 886
income
-
-
-
39 444
pensions
-
-
-
29 554
unemployment
-
-
-
1 927
total
-
-
-
83 614
Employee

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

21 706
-
234 000
-
work injury
109
-
402
-
income
2 171
-
39 444
-
pensions
3 994
-
14 777
-
health insurance
1 606
-
5 943
-
unemployment
260
-
964
-
total
8 140
-
61 530
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
212 294
234 000
-
-
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%.

21 229
23 400
-
-
total
21 229
23 400
-
-
Dividends
191 065
210 600
-
-
withholding
28 660
31 590
-
-
total
28 660
31 590
-
-
Income
234 000
234 000
234 000
234 000
Total tax
58 029
54 990
61 530
83 614
After tax
175 971
179 010
172 470
150 386
Living cost
13 566
13 566
13 566
13 566
Free-cash
162 405
165 444
158 904
136 820

Estimated living cost  is ₽13566 per week

₽8404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽423
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83241
₽78673
₽70294
₽62043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
234 000
municipal
-
-
-
1 654
regional
-
-
-
5 782
national
-
-
-
65 984
social contributions
-
-
-
50 272
total
-
-
-
123 692
Employee
84 640
-
234 000
-
social contributions
28 540
-
65 907
-
regional
1 278
-
5 262
-
municipal
505
-
1 513
-
national
14 303
-
59 261
-
total
44 626
-
131 943
-
Employer
84 640
-
234 000
-
total
-
-
-
-
Corporate
149 360
234 000
-
-
nationa
35 846
56 160
-
-
municipal
7 199
11 278
-
-
total
43 045
67 438
-
-
Dividends
106 314
166 562
-
-
withholding
27 642
43 307
-
-
total
27 642
43 307
-
-
Income
234 000
234 000
234 000
234 000
Total tax
115 313
110 745
131 943
123 692
After tax
118 687
123 255
102 057
110 308
Living cost
40 014
40 014
40 014
40 014
Free-cash
78 673
83 241
62 043
70 294

Estimated living cost  is ₽40014 per week

₽28107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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