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
₽ 238000
per

Your estimated
City
free-cash

Dresden , Germany
₽89205
₽100429
₽85732
₽115786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
trade
-
-
-
30 054
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.

-
-
-
80 140
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.

-
-
-
6 932
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.

-
-
-
4 408
total
-
-
-
121 534
Employee

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

38 810
-
238 000
-
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.

6 932
-
6 932
-
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.

60
-
4 408
-
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.

1 084
-
80 140
-
total
8 076
-
91 480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
199 190
238 000
-
-
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.

1 643
1 964
-
-
income
29 879
35 700
-
-
trade
31 373
37 485
-
-
chamber of commerce
441
497
-
-
total
63 336
75 646
-
-
Dividends
135 855
162 354
-
-
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.

1 847
2 211
-
-
withholding
33 578
40 204
-
-
total
35 425
42 415
-
-
Income
238 000
238 000
238 000
238 000
Total tax
106 837
118 061
91 480
121 534
After tax
131 163
119 939
146 520
116 466
Living cost
30 734
30 734
30 734
30 734
Free-cash
100 429
89 205
115 786
85 732

Estimated living cost  is ₽30734 per week

₽19333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3583
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.
₽7244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97386
₽96537
₽83647
₽84925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
26 500
pensions
-
-
-
28 560
national
-
-
-
45 608
social contributions
-
-
-
2 559
total
-
-
-
103 227
Employee
79 255
-
205 749
-
municipal
9 789
-
27 422
-
pensions
3 170
-
8 230
-
national
15 169
-
47 625
-
total
28 128
-
83 277
-
Employer
79 255
-
205 749
-
social contributions
852
-
2 212
-
pensions
6 340
-
16 460
-
total
7 192
-
18 672
-
Corporate
146 322
238 000
-
-
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%.

29 264
47 600
-
-
total
29 264
47 600
-
-
Dividends
117 058
190 400
-
-
withholding
25 753
41 888
-
-
total
25 753
41 888
-
-
Income
238 000
238 000
238 000
238 000
Total tax
90 337
89 488
101 949
103 227
After tax
147 663
148 512
136 051
134 773
Living cost
51 126
51 126
51 126
51 126
Free-cash
96 537
97 386
84 925
83 647

Estimated living cost  is ₽51126 per week

₽34750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽765
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽169290
₽160966
₽66111
₽82877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
microenterprise
-
-
-
-
income
-
-
-
51 212
surtax
-
-
-
60 690
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.

-
-
-
38 877
total
-
-
-
150 779
Employee
29 650
-
188 170
-
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.

3 262
-
13 302
-
surtax
-
-
27 285
-
income
5 278
-
43 596
-
total
8 540
-
84 183
-
Employer
29 650
-
188 170
-
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.

7 142
-
29 132
-
surtax
-
-
20 698
-
total
7 142
-
49 830
-
Corporate
201 208
238 000
-
-
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%.

40 242
47 600
-
-
total
40 242
47 600
-
-
Dividends

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

160 966
190 400
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
55 924
47 600
134 013
150 779
After tax
182 076
190 400
103 987
87 221
Living cost
21 110
21 110
21 110
21 110
Free-cash
160 966
169 290
82 877
66 111

Estimated living cost  is ₽21110 per week

₽13467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2010
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.
₽5153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76210
₽69992
₽84765
₽109690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
86 328
pensions
-
-
-
11 888
health
-
-
-
12 512
total
-
-
-
110 728
Employee
86 650
86 650
219 143
-
health
13 300
11 313
12 512
-
income

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

14 183
14 183
42 546
-
pensions
15 597
11 888
11 888
-
total
43 080
37 384
66 946
-
Employer
86 650
86 650
219 143
-
unemployment
3 119
3 119
3 876
-
pensions
6 031
6 031
7 496
-
health
6 023
6 023
7 485
-
total
15 173
15 173
18 857
-
Corporate
137 239
136 177
-
-
income
27 449
27 235
-
-
total
27 449
27 235
-
-
Dividends
109 791
108 941
-
-
income
23 330
23 151
-
-
withholding
16 469
16 340
-
-
total
39 799
39 491
-
-
Income
238 000
238 000
238 000
238 000
Total tax
125 501
119 283
85 803
110 728
After tax
112 499
118 717
152 197
127 272
Living cost
42 507
42 507
42 507
42 507
Free-cash
69 992
76 210
109 690
84 765

Estimated living cost  is ₽42507 per week

₽30123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽676
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90843
₽89966
₽79073
₽78125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
63 568
accident
-
-
-
171
pensions
-
-
-
9 265
other
-
-
-
9 959
unemployment
-
-
-
86
health
-
-
-
5 348
national
-
-
-
31 425
total
-
-
-
119 822
Employee
55 722
-
211 071
-
municipal
16 616
-
62 941
-
national
-
-
30 900
-
total
16 616
-
93 841
-
Employer
55 722
-
211 071
-
accident
111
-
171
-
other
6 475
-
9 959
-
unemployment
1 471
-
2 263
-
pensions
6 023
-
9 265
-
health
3 427
-
5 271
-
total
17 507
-
26 929
-
Corporate
164 771
238 000
-
-
income
36 250
52 360
-
-
total
36 250
52 360
-
-
Dividends
128 521
185 640
-
-
withholding
38 556
55 692
-
-
total
38 556
55 692
-
-
Income
238 000
238 000
238 000
238 000
Total tax
108 929
108 052
120 770
119 822
After tax
129 071
129 948
117 230
118 178
Living cost
39 105
39 105
39 105
39 105
Free-cash
89 966
90 843
78 125
79 073

Estimated living cost  is ₽39105 per week

₽25918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78857
₽93112
₽75269
₽106659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
trade
-
-
-
31 390
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.

-
-
-
80 140
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.

-
-
-
6 932
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.

-
-
-
4 408
total
-
-
-
122 870
Employee

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

51 457
-
238 000
-
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.

6 932
-
6 932
-
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.

243
-
4 408
-
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.

4 421
-
80 140
-
total
11 596
-
91 480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
186 543
238 000
-
-
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.

1 539
1 964
-
-
income
27 982
35 700
-
-
trade
30 686
39 150
-
-
chamber of commerce
420
493
-
-
total
60 627
77 307
-
-
Dividends
125 917
160 693
-
-
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.

1 710
2 187
-
-
withholding
31 094
39 788
-
-
total
32 804
41 975
-
-
Income
238 000
238 000
238 000
238 000
Total tax
105 027
119 282
91 480
122 870
After tax
132 973
118 718
146 520
115 130
Living cost
39 861
39 861
39 861
39 861
Free-cash
93 112
78 857
106 659
75 269

Estimated living cost  is ₽39861 per week

₽26659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4203
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽595
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽140518
₽136313
₽126795
₽124861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
55 808
health
-
-
-
6 069
social contributions
-
-
-
16 417
total
-
-
-
78 294
Employee
78 025
78 025
225 101
-
social contributions
3 791
6 476
8 734
-
health
776
1 327
3 826
-
income
8 193
7 223
54 769
-
total
12 760
15 026
67 329
-
Employer
78 025
78 025
225 101
-
social contributions
3 791
6 476
8 734
-
health
845
1 444
4 165
-
total
4 636
7 920
12 899
-
Corporate
187 691
152 056
-
-
income
23 461
19 007
-
-
total
23 461
19 007
-
-
Dividends
164 230
133 048
-
-
withholding
27 919
22 618
-
-
total
27 919
22 618
-
-
Income
238 000
238 000
238 000
238 000
Total tax
68 776
64 571
80 228
78 294
After tax
169 224
173 429
157 772
159 706
Living cost
32 911
32 911
32 911
32 911
Free-cash
136 313
140 518
124 861
126 795

Estimated living cost  is ₽32911 per week

₽22498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽115097
₽115481
₽146399
₽119495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
29 095
pensions
-
-
-
23 800
unemployment
-
-
-
3 570
health
-
-
-
16 660
total
-
-
-
73 125
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.

26 671
10 615
199 163
-
health
1 867
743
13 941
-
income
3 260
1 298
24 348
-
pensions
2 667
1 061
19 916
-
unemployment
400
159
2 987
-
total
8 194
3 261
61 192
-
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.

26 671
10 615
199 163
-
pensions
5 201
2 070
38 837
-
total
5 201
2 070
38 837
-
Corporate
206 129
225 316
-
-
income
18 552
20 278
-
-
total
18 552
20 278
-
-
Dividends
187 577
205 037
-
-
social contributions
36 456
39 861
-
-
withholding
35 640
38 957
-
-
total
72 096
78 818
-
-
Income
238 000
238 000
238 000
238 000
Total tax
104 043
104 427
100 029
73 125
After tax
133 957
133 573
137 971
164 875
Living cost
18 476
18 476
18 476
18 476
Free-cash
115 481
115 097
119 495
146 399

Estimated living cost  is ₽18476 per week

₽12608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽165892
₽159588
₽103059
₽112672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
31 893
pensions
-
-
-
47 600
health
-
-
-
30 940
total
-
-
-
110 433
Employee
28 785
-
177 878
-
income
3 241
-
34 294
-
pensions
576
-
3 558
-
unemployment
460
-
2 846
-
total
4 277
-
40 698
-
Employer
28 785
-
177 878
-
unemployment
231
-
1 423
-
pensions
5 757
-
35 575
-
health
3 741
-
23 124
-
total
9 729
-
60 122
-
Corporate
199 485
238 000
-
-
income
39 898
47 600
-
-
total
39 898
47 600
-
-
Dividends
159 588
190 400
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
53 904
47 600
100 820
110 433
After tax
184 096
190 400
137 180
127 567
Living cost
24 508
24 508
24 508
24 508
Free-cash
159 588
165 892
112 672
103 059

Estimated living cost  is ₽24508 per week

₽16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2826
₽15889
₽140374
₽109316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
254
income
-
-
-
68 524
pensions
-
-
-
4 181
other
-
-
-
372
health
-
-
-
2 191
total
-
-
-
75 522
Employee
34 771
-
217 951
-
health
3 981
-
24 955
-
income
4 770
-
53 909
-
pensions
3 915
-
7 666
-
total
12 666
-
86 530
-
Employer
34 771
-
217 951
-
accident
580
-
3 640
-
unemployment
852
-
5 340
-
pensions
5 654
-
11 070
-
total
7 086
-
20 050
-
Corporate
196 142
238 000
-
-
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.

176 528
214 200
-
-
total
176 528
214 200
-
-
Dividends
19 614
23 800
-
-
withholding
3 727
4 522
-
-
total
3 727
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
200 007
218 722
106 580
75 522
After tax
37 993
19 278
131 420
162 478
Living cost
22 104
22 104
22 104
22 104
Free-cash
15 889
-2 826
109 316
140 374

Estimated living cost  is ₽22104 per week

₽16201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1225
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽216838
₽215102
₽226358
₽181138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
238 000
microenterprise

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

-
-
-
2 380
total
-
-
-
2 380
Employee
11 577
-
238 000
-
income
2 315
-
47 600
-
total
2 315
-
47 600
-
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%.

226 423
238 000
-
-
total
-
-
-
-
Dividends
226 423
238 000
-
-
withholding
11 321
11 900
-
-
total
11 321
11 900
-
-
Income
238 000
238 000
238 000
238 000
Total tax
13 636
11 900
47 600
2 380
After tax
224 364
226 100
190 400
235 620
Living cost
9 262
9 262
9 262
9 262
Free-cash
215 102
216 838
181 138
226 358

Estimated living cost  is ₽9262 per week

₽5740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽147822
₽140968
₽117394
₽115451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
42 418
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.

-
-
-
37 032
other
-
-
-
7 329
health
-
-
-
6 790
total
-
-
-
93 569
Employee
36 842
-
198 761
-
health
516
-
2 160
-
income
6 343
-
41 771
-
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.

2 578
-
10 800
-
unemployment
368
-
1 542
-
total
9 805
-
56 273
-
Employer
36 842
-
198 761
-
accident
295
-
1 591
-
other
1 843
-
7 714
-
unemployment
368
-
1 542
-
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.

6 264
-
26 232
-
health
516
-
2 160
-
total
9 286
-
39 239
-
Corporate
191 873
238 000
-
-
income
40 294
49 980
-
-
total
40 294
49 980
-
-
Dividends
151 579
188 020
-
-
withholding
10 610
13 161
-
-
total
10 610
13 161
-
-
Income
238 000
238 000
238 000
238 000
Total tax
69 995
63 141
95 512
93 569
After tax
168 005
174 859
142 488
144 431
Living cost
27 037
27 037
27 037
27 037
Free-cash
140 968
147 822
115 451
117 394

Estimated living cost  is ₽27037 per week

₽19103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽435
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81096
₽89340
₽85016
₽63791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
74 140
pensions
-
-
-
10 365
total
-
-
-
84 505
Employee
96 888
-
207 375
-
health
1 597
-
2 783
-
income
17 465
-
59 992
-
pensions
9 347
-
12 329
-
total
28 409
-
75 104
-
Employer
96 888
-
207 375
-
pensions
11 440
-
26 686
-
health
1 840
-
3 940
-
total
13 280
-
30 626
-
Corporate
127 832
238 000
-
-
income

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

24 289
45 220
-
-
total
24 289
45 220
-
-
Dividends
103 543
192 780
-
-
withholding
14 203
43 205
-
-
total
14 203
43 205
-
-
Income
238 000
238 000
238 000
238 000
Total tax
80 181
88 425
105 730
84 505
After tax
157 819
149 575
132 270
153 495
Living cost
68 479
68 479
68 479
68 479
Free-cash
89 340
81 096
63 791
85 016

Estimated living cost  is ₽68479 per week

₽51313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽8046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽190177
₽185460
₽179517
₽189490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
35 700
pensions

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

-
-
-
5 249
unemployment
-
-
-
142
health
-
-
-
4 079
total
-
-
-
45 170
Employee
17 628
-
231 042
-
health
811
-
1 631
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
income
1 763
-
23 104
-
pensions

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

1 548
-
3 114
-
total
4 316
-
28 239
-
Employer
17 628
-
231 042
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
unemployment
105
-
213
-
pensions

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

1 943
-
3 908
-
health
1 217
-
2 447
-
total
3 459
-
6 958
-
Corporate
216 913
238 000
-
-
income
21 691
23 800
-
-
total
21 691
23 800
-
-
Dividends
195 222
214 200
-
-
withholding
9 761
10 710
-
-
total
9 761
10 710
-
-
Income
238 000
238 000
238 000
238 000
Total tax
39 227
34 510
35 197
45 170
After tax
198 773
203 490
202 803
192 830
Living cost
13 313
13 313
13 313
13 313
Free-cash
185 460
190 177
189 490
179 517

Estimated living cost  is ₽13313 per week

₽7772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62451
₽65002
₽71006
₽95931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
86 328
pensions
-
-
-
11 888
health
-
-
-
12 512
total
-
-
-
110 728
Employee
94 074
86 650
219 143
-
health
11 736
11 313
12 512
-
income

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

14 183
14 183
42 546
-
pensions
11 888
11 888
11 888
-
total
37 807
37 384
66 946
-
Employer
94 074
86 650
219 143
-
unemployment
3 387
3 119
3 876
-
pensions
6 547
6 031
7 496
-
health
6 537
6 023
7 485
-
total
16 471
15 173
18 857
-
Corporate
127 455
136 177
-
-
income
25 491
27 235
-
-
total
25 491
27 235
-
-
Dividends
101 964
108 941
-
-
income
21 668
23 151
-
-
withholding
15 295
16 340
-
-
total
36 963
39 491
-
-
Income
238 000
238 000
238 000
238 000
Total tax
116 732
119 283
85 803
110 728
After tax
121 268
118 717
152 197
127 272
Living cost
56 266
56 266
56 266
56 266
Free-cash
65 002
62 451
95 931
71 006

Estimated living cost  is ₽56266 per week

₽41505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽5026
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽645
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽139537
₽130857
₽117340
₽106757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
25 630
health
-
-
-
32 130
solidarity contribution
-
-
-
3 569
social contributions
-
-
-
35 005
total
-
-
-
96 334
Employee
35 774
-
190 853
-
social contributions
2 325
-
7 792
-
health
4 830
-
25 765
-
solidarity contribution
-
-
2 619
-
income
4 293
-
23 594
-
total
11 448
-
59 770
-
Employer
35 774
-
190 853
-
social contributions
8 944
-
29 970
-
health
3 220
-
17 177
-
total
12 164
-
47 147
-
Corporate
190 063
238 000
-
-
income
36 112
45 220
-
-
total
36 112
45 220
-
-
Dividends
153 951
192 780
-
-
withholding
23 093
28 917
-
-
total
23 093
28 917
-
-
Income
238 000
238 000
238 000
238 000
Total tax
82 817
74 137
106 917
96 334
After tax
155 183
163 863
131 083
141 666
Living cost
24 326
24 326
24 326
24 326
Free-cash
130 857
139 537
106 757
117 340

Estimated living cost  is ₽24326 per week

₽16897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₽84168
₽78869
₽72495
₽63893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
1 498
regional
-
-
-
3 056
national
-
-
-
67 350
social contributions
-
-
-
50 785
total
-
-
-
122 689
Employee
90 179
-
238 000
-
social contributions
30 408
-
66 580
-
regional
851
-
2 781
-
municipal
478
-
1 371
-
national
15 626
-
60 559
-
total
47 363
-
131 291
-
Employer
90 179
-
238 000
-
total
-
-
-
-
Corporate
147 821
238 000
-
-
nationa
35 476
57 120
-
-
municipal
5 765
9 281
-
-
total
41 241
66 401
-
-
Dividends
106 579
171 599
-
-
withholding
27 711
44 615
-
-
total
27 711
44 615
-
-
Income
238 000
238 000
238 000
238 000
Total tax
116 315
111 016
131 291
122 689
After tax
121 685
126 984
106 709
115 311
Living cost
42 816
42 816
42 816
42 816
Free-cash
78 869
84 168
63 893
72 495

Estimated living cost  is ₽42816 per week

₽29846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽657
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127310
₽124152
₽89450
₽83246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
76 233
pensions
-
-
-
27 085
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
9 614
surtax
-
-
-
12 996
total
-
-
-
126 159
Employee
33 555
-
209 494
-
other
-
-
-
-
health
857
-
3 453
-
surtax
110
-
11 782
-
income
5 625
-
70 163
-
pensions
2 237
-
9 033
-
unemployment
2 336
-
9 426
-
total
11 165
-
103 857
-
Employer
33 555
-
209 494
-
other
-
-
-
-
unemployment
1 063
-
4 292
-
pensions
4 473
-
18 052
-
health
1 527
-
6 162
-
total
7 063
-
28 506
-
Corporate
197 382
238 000
-
-
income
51 320
61 880
-
-
total
51 320
61 880
-
-
Dividends
146 062
176 120
-
-
withholding
21 909
26 419
-
-
total
21 909
26 419
-
-
Income
238 000
238 000
238 000
238 000
Total tax
91 457
88 299
132 363
126 159
After tax
146 543
149 701
105 637
111 841
Living cost
22 391
22 391
22 391
22 391
Free-cash
124 152
127 310
83 246
89 450

Estimated living cost  is ₽22391 per week

₽13691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2066
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102792
₽109557
₽106712
₽85487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
74 140
pensions
-
-
-
10 365
total
-
-
-
84 505
Employee
64 932
-
207 375
-
health
943
-
2 783
-
income
11 695
-
59 992
-
pensions
5 511
-
12 329
-
total
18 149
-
75 104
-
Employer
64 932
-
207 375
-
pensions
7 029
-
26 686
-
health
1 233
-
3 940
-
total
8 262
-
30 626
-
Corporate
164 806
238 000
-
-
income

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

31 313
45 220
-
-
total
31 313
45 220
-
-
Dividends
133 493
192 780
-
-
withholding
23 936
43 205
-
-
total
23 936
43 205
-
-
Income
238 000
238 000
238 000
238 000
Total tax
81 660
88 425
105 730
84 505
After tax
156 340
149 575
132 270
153 495
Living cost
46 783
46 783
46 783
46 783
Free-cash
109 557
102 792
85 487
106 712

Estimated living cost  is ₽46783 per week

₽35050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽31507
₽64590
₽110733
₽102623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
city
-
-
-
2 508
pensions
-
-
-
21 896
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.

-
-
-
4 760
regional
-
-
-
13 616
health
-
-
-
536
national
-
-
-
6 625
total
-
-
-
49 941
Employee
90 491
-
214 478
-
city
971
-
2 324
-
regional
2 963
-
12 202
-
health
205
-
483
-
pensions
7 602
-
16 391
-
unemployment
-
-
-
-
national
428
-
5 487
-
total
12 169
-
36 887
-
Employer
90 491
-
214 478
-
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.

1 809
-
4 290
-
unemployment
-
-
-
-
pensions
7 602
-
16 391
-
health
205
-
483
-
total
9 616
-
21 164
-
Corporate
136 898
238 000
-
-
regional
28 954
50 337
-
-
national
11 636
20 229
-
-
total
40 590
70 566
-
-
Dividends
96 308
167 433
-
-
withholding
33 709
58 601
-
-
total
33 709
58 601
-
-
Income
238 000
238 000
238 000
238 000
Total tax
96 084
129 167
58 051
49 941
After tax
141 916
108 833
179 949
188 059
Living cost
77 326
77 326
77 326
77 326
Free-cash
64 590
31 507
102 623
110 733

Estimated living cost  is ₽77326 per week

₽50284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽949
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽71010
₽87466
₽67310
₽100037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
trade
-
-
-
32 727
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.

-
-
-
80 140
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.

-
-
-
6 932
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.

-
-
-
4 408
total
-
-
-
124 207
Employee

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

60 981
-
238 000
-
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.

6 932
-
6 932
-
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.

395
-
4 408
-
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.

7 171
-
80 140
-
total
14 498
-
91 480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
177 019
238 000
-
-
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.

1 460
1 964
-
-
income
26 553
35 700
-
-
trade
30 358
40 816
-
-
chamber of commerce
402
489
-
-
total
58 773
78 969
-
-
Dividends
118 245
159 031
-
-
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.

1 604
2 166
-
-
withholding
29 176
39 372
-
-
total
30 780
41 538
-
-
Income
238 000
238 000
238 000
238 000
Total tax
104 051
120 507
91 480
124 207
After tax
133 949
117 493
146 520
113 793
Living cost
46 483
46 483
46 483
46 483
Free-cash
87 466
71 010
100 037
67 310

Estimated living cost  is ₽46483 per week

₽33950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85237
₽91231
₽94675
₽87088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
45 743
pensions
-
-
-
36 790
other
-
-
-
7 379
health
-
-
-
11 915
surtax
-
-
-
-
social contributions
-
-
-
6 782
total
-
-
-
108 609
Employee
43 427
-
181 113
-
social contributions
1 238
-
5 160
-
surtax
-
-
-
-
income
2 563
-
40 276
-
pensions
4 910
-
13 872
-
total
8 711
-
59 308
-
Employer
43 427
-
181 113
-
other
1 498
-
7 611
-
social contributions
131
-
543
-
unemployment
1 758
-
7 334
-
pensions
7 134
-
23 127
-
health
3 040
-
18 273
-
total
13 561
-
56 888
-
Corporate
181 011
238 000
-
-
surtax
-
-
-
-
income
50 683
66 640
-
-
total
50 683
66 640
-
-
Dividends
130 329
171 360
-
-
surtax
-
-
-
-
social contributions
22 415
29 473
-
-
withholding
16 683
21 934
-
-
total
39 098
51 407
-
-
Income
238 000
238 000
238 000
238 000
Total tax
112 053
118 047
116 196
108 609
After tax
125 947
119 953
121 804
129 391
Living cost
34 716
34 716
34 716
34 716
Free-cash
91 231
85 237
87 088
94 675

Estimated living cost  is ₽34716 per week

₽21890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88677
₽94315
₽98115
₽90528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
45 743
pensions
-
-
-
36 790
other
-
-
-
7 379
health
-
-
-
11 915
surtax
-
-
-
-
social contributions
-
-
-
6 782
total
-
-
-
108 609
Employee
38 765
-
181 113
-
social contributions
1 105
-
5 160
-
surtax
-
-
-
-
income
1 999
-
40 276
-
pensions
4 384
-
13 872
-
total
7 488
-
59 308
-
Employer
38 765
-
181 113
-
other
1 338
-
7 611
-
social contributions
116
-
543
-
unemployment
1 569
-
7 334
-
pensions
6 370
-
23 127
-
health
2 713
-
18 273
-
total
12 106
-
56 888
-
Corporate
187 129
238 000
-
-
surtax
-
-
-
-
income
52 396
66 640
-
-
total
52 396
66 640
-
-
Dividends
134 733
171 360
-
-
surtax
-
-
-
-
social contributions
23 174
29 473
-
-
withholding
17 245
21 934
-
-
total
40 419
51 407
-
-
Income
238 000
238 000
238 000
238 000
Total tax
112 409
118 047
116 196
108 609
After tax
125 591
119 953
121 804
129 391
Living cost
31 276
31 276
31 276
31 276
Free-cash
94 315
88 677
90 528
98 115

Estimated living cost  is ₽31276 per week

₽18139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123685
₽124213
₽131328
₽124679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
35 700
health
-
-
-
16 612
social contributions
-
-
-
32 844
total
-
-
-
85 156
Employee
34 404
-
238 000
-
social contributions
4 748
-
32 844
-
health
2 401
-
16 612
-
income
5 738
-
42 349
-
total
12 887
-
91 805
-
Employer
34 404
-
238 000
-
total
-
-
-
-
Corporate
203 596
238 000
-
-
income

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

10 180
11 900
-
-
total
10 180
11 900
-
-
Dividends
193 416
226 100
-
-
health
13 500
15 782
-
-
social contributions
26 692
31 202
-
-
withholding
29 012
33 915
-
-
total
69 204
80 899
-
-
Income
238 000
238 000
238 000
238 000
Total tax
92 271
92 799
91 805
85 156
After tax
145 729
145 201
146 195
152 844
Living cost
21 516
21 516
21 516
21 516
Free-cash
124 213
123 685
124 679
131 328

Estimated living cost  is ₽21516 per week

₽14399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95366
₽93795
₽86015
₽26476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
chamber of commerce
-
-
-
951
income
-
-
-
77 860
pensions
-
-
-
21 930
unemployment
-
-
-
6 223
health
-
-
-
9 067
surtax
-
-
-
200
total
-
-
-
116 231
Employee
50 709
40 437
197 893
-
other
506
404
1 186
-
health
1 962
1 565
4 587
-
income
5 773
2 983
65 683
-
pensions
5 193
4 140
12 139
-
unemployment
1 521
1 213
3 557
-
total
14 955
10 305
87 152
-
Employer
50 709
40 437
197 893
-
accident
659
526
1 540
-
other
2 409
1 920
8 725
-
chamber of commerce
202
162
791
-
unemployment
1 521
1 213
3 557
-
surtax
200
200
200
-
pensions
6 364
5 076
14 877
-
payroll
1 521
1 213
5 936
-
health
1 916
1 529
4 481
-
total
14 792
11 839
40 107
-
Corporate
172 498
185 725
194 041
-
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.

43 125
46 431
48 511
-
total
43 125
46 431
48 511
-
Dividends
129 374
139 294
-
-
withholding
35 579
38 305
-
-
total
35 579
38 305
-
-
Income
238 000
238 000
238 000
238 000
Total tax
108 451
106 880
175 770
116 231
After tax
129 549
131 120
62 230
121 769
Living cost
35 754
35 754
35 754
35 754
Free-cash
93 795
95 366
26 476
86 015

Estimated living cost  is ₽35754 per week

₽23846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3050
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.
₽8270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93066
₽80768
₽66568
₽43486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
national
-
-
-
96 374
communal

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

-
-
-
12 763
social contributions
-
-
-
25 298
total
-
-
-
134 435
Employee

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

72 581
-
184 339
-
communal

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

3 786
-
9 614
-
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.

3 410
-
8 665
-
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.

5 444
-
13 826
-
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.

632
-
1 604
-
national
22 314
-
70 146
-
total
35 586
-
103 855
-
Employer

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

72 581
-
184 339
-
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.

944
-
2 395
-
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.

1 059
-
2 692
-
surtax
8 230
-
20 904
-
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.

6 431
-
16 333
-
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.

4 463
-
11 338
-
total
21 127
-
53 662
-
Corporate
144 292
238 000
-
-
surtax
578
1 034
-
-
income
28 858
51 690
-
-
total
29 436
52 724
-
-
Dividends
114 856
185 276
-
-
withholding

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

34 086
55 213
-
-
total
34 086
55 213
-
-
Income
238 000
238 000
238 000
238 000
Total tax
120 235
107 937
157 517
134 435
After tax
117 765
130 063
80 483
103 565
Living cost
36 997
36 997
36 997
36 997
Free-cash
80 768
93 066
43 486
66 568

Estimated living cost  is ₽36997 per week

₽23831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3235
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽121282
₽114333
₽96257
₽92000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
847
income
-
-
-
76 883
pensions
-
-
-
26 615
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
105 098
Employee
50 509
-
208 017
-
other
50
-
94
-
income
10 657
-
73 399
-
pensions
2 374
-
4 421
-
unemployment
784
-
1 458
-
total
13 865
-
79 372
-
Employer
50 509
-
208 017
-
accident
999
-
1 862
-
other
402
-
753
-
unemployment
2 779
-
5 172
-
pensions
11 919
-
22 196
-
total
16 099
-
29 983
-
Corporate
171 392
238 000
-
-
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.

25 708
35 700
-
-
total
25 708
35 700
-
-
Dividends
145 684
202 300
-
-
withholding
31 350
44 373
-
-
total
31 350
44 373
-
-
Income
238 000
238 000
238 000
238 000
Total tax
87 022
80 073
109 355
105 098
After tax
150 978
157 927
128 645
132 902
Living cost
36 645
36 645
36 645
36 645
Free-cash
114 333
121 282
92 000
96 257

Estimated living cost  is ₽36645 per week

₽26985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽78786
₽64831
₽55891
₽65380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
2 006
income
-
-
-
45 724
pensions
-
-
-
35 673
health
-
-
-
16 722
surtax
-
-
-
11 800
communal
-
-
-
15 042
total
-
-
-
126 967
Employee
76 841
-
212 594
-
health
3 420
-
9 460
-
surtax
4 710
-
13 028
-
income
7 422
-
52 577
-
pensions
6 146
-
17 008
-
total
21 698
-
92 073
-
Employer
76 841
-
212 594
-
accident
691
-
1 914
-
pensions
6 146
-
17 008
-
health
2 343
-
6 483
-
total
9 180
-
25 405
-
Corporate
151 978
238 000
-
-
surtax
1 596
2 499
-
-
communal
10 259
16 065
-
-
income
22 797
35 700
-
-
total
34 652
54 264
-
-
Dividends
117 325
183 736
-
-
income
34 897
22 247
-
-
withholding
17 600
27 561
-
-
total
52 497
49 808
-
-
Income
238 000
238 000
238 000
238 000
Total tax
118 027
104 072
117 478
126 967
After tax
119 973
133 928
120 522
111 033
Living cost
55 142
55 142
55 142
55 142
Free-cash
64 831
78 786
65 380
55 891

Estimated living cost  is ₽55142 per week

₽41365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126910
₽123684
₽89050
₽82846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
76 233
pensions
-
-
-
27 085
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
9 614
surtax
-
-
-
12 996
total
-
-
-
126 159
Employee
34 171
-
209 494
-
other
-
-
-
-
health
872
-
3 453
-
surtax
121
-
11 782
-
income
5 729
-
70 163
-
pensions
2 280
-
9 033
-
unemployment
2 378
-
9 426
-
total
11 380
-
103 857
-
Employer
34 171
-
209 494
-
other
-
-
-
-
unemployment
1 084
-
4 292
-
pensions
4 556
-
18 052
-
health
1 554
-
6 162
-
total
7 194
-
28 506
-
Corporate
196 635
238 000
-
-
income
51 125
61 880
-
-
total
51 125
61 880
-
-
Dividends
145 510
176 120
-
-
withholding
21 826
26 419
-
-
total
21 826
26 419
-
-
Income
238 000
238 000
238 000
238 000
Total tax
91 525
88 299
132 363
126 159
After tax
146 475
149 701
105 637
111 841
Living cost
22 791
22 791
22 791
22 791
Free-cash
123 684
126 910
82 846
89 050

Estimated living cost  is ₽22791 per week

₽13760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97765
₽95512
₽87234
₽78677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
1 498
regional
-
-
-
3 800
national
-
-
-
67 350
social contributions
-
-
-
50 785
total
-
-
-
123 433
Employee
56 286
-
238 000
-
social contributions
18 980
-
66 580
-
regional
758
-
3 480
-
municipal
298
-
1 371
-
national
8 917
-
60 559
-
total
28 953
-
131 990
-
Employer
56 286
-
238 000
-
total
-
-
-
-
Corporate
181 714
238 000
-
-
nationa
43 612
57 120
-
-
municipal
9 031
11 829
-
-
total
52 643
68 949
-
-
Dividends
129 071
169 052
-
-
withholding
33 559
43 953
-
-
total
33 559
43 953
-
-
Income
238 000
238 000
238 000
238 000
Total tax
115 155
112 902
131 990
123 433
After tax
122 845
125 098
106 010
114 567
Living cost
27 333
27 333
27 333
27 333
Free-cash
95 512
97 765
78 677
87 234

Estimated living cost  is ₽27333 per week

₽16999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽133886
₽123193
₽111689
₽101106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
25 630
health
-
-
-
32 130
solidarity contribution
-
-
-
3 569
social contributions
-
-
-
35 005
total
-
-
-
96 334
Employee
44 083
-
190 853
-
social contributions
2 865
-
7 792
-
health
5 951
-
25 765
-
solidarity contribution
-
-
2 619
-
income
5 290
-
23 594
-
total
14 106
-
59 770
-
Employer
44 083
-
190 853
-
social contributions
11 021
-
29 970
-
health
3 967
-
17 177
-
total
14 988
-
47 147
-
Corporate
178 929
238 000
-
-
income
33 996
45 220
-
-
total
33 996
45 220
-
-
Dividends
144 932
192 780
-
-
withholding
21 740
28 917
-
-
total
21 740
28 917
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 830
74 137
106 917
96 334
After tax
153 170
163 863
131 083
141 666
Living cost
29 977
29 977
29 977
29 977
Free-cash
123 193
133 886
101 106
111 689

Estimated living cost  is ₽29977 per week

₽22292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽519
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98856
₽98351
₽89597
₽29905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
chamber of commerce
-
-
-
951
income
-
-
-
77 860
pensions
-
-
-
21 930
unemployment
-
-
-
6 223
health
-
-
-
9 067
surtax
-
-
-
-
total
-
-
-
116 031
Employee
44 355
40 437
198 079
-
other
443
404
1 186
-
health
1 716
1 565
4 587
-
income
3 951
2 983
65 777
-
pensions
4 542
4 140
12 139
-
unemployment
1 331
1 213
3 557
-
total
11 983
10 305
87 246
-
Employer
44 355
40 437
198 079
-
accident
576
526
1 540
-
other
2 107
1 920
8 732
-
chamber of commerce
177
162
791
-
unemployment
1 331
1 213
3 557
-
surtax
-
-
-
-
pensions
5 567
5 076
14 877
-
payroll
1 331
1 213
5 942
-
health
1 677
1 529
4 481
-
total
12 766
11 639
39 920
-
Corporate
180 881
185 925
194 228
-
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.

45 220
46 481
48 557
-
total
45 220
46 481
48 557
-
Dividends
135 661
139 444
-
-
withholding
37 308
38 347
-
-
total
37 308
38 347
-
-
Income
238 000
238 000
238 000
238 000
Total tax
107 277
106 772
175 723
116 031
After tax
130 723
131 228
62 277
121 969
Living cost
32 372
32 372
32 372
32 372
Free-cash
98 351
98 856
29 905
89 597

Estimated living cost  is ₽32372 per week

₽19419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3306
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.
₽9069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽211667
₽208961
₽221187
₽175967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
238 000
microenterprise

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

-
-
-
2 380
total
-
-
-
2 380
Employee
18 041
-
238 000
-
income
3 608
-
47 600
-
total
3 608
-
47 600
-
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%.

219 959
238 000
-
-
total
-
-
-
-
Dividends
219 959
238 000
-
-
withholding
10 998
11 900
-
-
total
10 998
11 900
-
-
Income
238 000
238 000
238 000
238 000
Total tax
14 606
11 900
47 600
2 380
After tax
223 394
226 100
190 400
235 620
Living cost
14 433
14 433
14 433
14 433
Free-cash
208 961
211 667
175 967
221 187

Estimated living cost  is ₽14433 per week

₽9767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽606
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.
₽3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽136648
₽128159
₽82252
₽77084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
income
-
-
-
61 291
pensions
-
-
-
43 466
unemployment
-
-
-
356
health
-
-
-
23 419
total
-
-
-
128 532
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.

44 870
-
205 936
-
health
2 898
-
13 304
-
income
7 738
-
56 123
-
pensions
6 955
-
31 920
-
unemployment
64
-
289
-
total
17 655
-
101 636
-
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.

44 870
-
205 936
-
unemployment
27
-
123
-
pensions
3 970
-
18 225
-
health
2 988
-
13 716
-
total
6 985
-
32 064
-
Corporate
186 144
238 000
-
-
income
35 367
45 220
-
-
total
35 367
45 220
-
-
Dividends
150 778
192 780
-
-
withholding
22 618
28 916
-
-
total
22 618
28 916
-
-
Income
238 000
238 000
238 000
238 000
Total tax
82 625
74 136
133 700
128 532
After tax
155 375
163 864
104 300
109 468
Living cost
27 216
27 216
27 216
27 216
Free-cash
128 159
136 648
77 084
82 252

Estimated living cost  is ₽27216 per week

₽18678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100815
₽52328
₽120493
₽180606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
46 391
social contributions
-
-
-
27 132
total
-
-
-
73 523
Employee
63 067
-
-
-
social contributions
5 172
-
737
-
income
13 911
-
-
-
total
19 083
-
737
-
Employer
63 067
-
-
-
social contributions
88 924
-
12 673
-
total
88 924
-
12 673
-
Corporate
86 009
238 000
-
-
income
18 922
52 360
-
-
total
18 922
52 360
-
-
Dividends
67 087
185 640
-
-
income
14 759
40 841
-
-
total
14 759
40 841
-
-
Income
238 000
238 000
238 000
238 000
Total tax
141 688
93 201
13 410
73 523
After tax
96 312
144 799
224 590
164 477
Living cost
43 984
43 984
43 984
43 984
Free-cash
52 328
100 815
180 606
120 493

Estimated living cost  is ₽43984 per week

₽28539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103548
₽102524
₽91830
₽72882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
income
-
-
-
31 638
surtax
-
-
-
-
social contributions

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

-
-
-
82 705
total
-
-
-
114 343
Employee
46 668
-
192 324
-
social contributions
5 134
-
21 156
-
surtax
-
-
427
-
income
9 707
-
66 032
-
total
14 841
-
87 615
-
Employer
46 668
-
192 324
-
social contributions
11 084
-
45 676
-
total
11 084
-
45 676
-
Corporate
180 249
238 000
-
-
surtax
-
-
-
-
income
37 853
49 980
-
-
total
37 853
49 980
-
-
Dividends
142 396
188 020
-
-
withholding
39 871
52 645
-
-
total
39 871
52 645
-
-
Income
238 000
238 000
238 000
238 000
Total tax
103 649
102 625
133 291
114 343
After tax
134 351
135 375
104 709
123 657
Living cost
31 827
31 827
31 827
31 827
Free-cash
102 524
103 548
72 882
91 830

Estimated living cost  is ₽31827 per week

₽23813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70945
₽77920
₽80383
₽72796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
45 743
pensions
-
-
-
36 790
other
-
-
-
7 379
health
-
-
-
11 915
surtax
-
-
-
-
social contributions
-
-
-
6 782
total
-
-
-
108 609
Employee
63 552
-
181 113
-
social contributions
1 810
-
5 160
-
surtax
-
-
-
-
income
5 545
-
40 276
-
pensions
7 188
-
13 872
-
total
14 543
-
59 308
-
Employer
63 552
-
181 113
-
other
2 193
-
7 611
-
social contributions
191
-
543
-
unemployment
2 574
-
7 334
-
pensions
10 442
-
23 127
-
health
4 448
-
18 273
-
total
19 848
-
56 888
-
Corporate
154 600
238 000
-
-
surtax
-
-
-
-
income
43 288
66 640
-
-
total
43 288
66 640
-
-
Dividends
111 311
171 360
-
-
surtax
-
-
-
-
social contributions
19 146
29 473
-
-
withholding
14 247
21 934
-
-
total
33 393
51 407
-
-
Income
238 000
238 000
238 000
238 000
Total tax
111 072
118 047
116 196
108 609
After tax
126 928
119 953
121 804
129 391
Living cost
49 008
49 008
49 008
49 008
Free-cash
77 920
70 945
72 796
80 383

Estimated living cost  is ₽49008 per week

₽33168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽672
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽183699
₽180290
₽142736
₽149063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
12 403
social contributions
-
-
-
52 360
total
-
-
-
64 763
Employee
32 621
-
206 061
-
income
-
-
13 105
-
social contributions
2 120
-
13 392
-
total
2 120
-
26 497
-
Employer
32 621
-
206 061
-
social contributions
5 057
-
31 939
-
total
5 057
-
31 939
-
Corporate
200 322
238 000
-
-
income
20 032
23 800
-
-
total
20 032
23 800
-
-
Dividends
180 291
214 200
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
27 209
23 800
58 436
64 763
After tax
210 791
214 200
179 564
173 237
Living cost
30 501
30 501
30 501
30 501
Free-cash
180 290
183 699
149 063
142 736

Estimated living cost  is ₽30501 per week

₽19722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2299
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.
₽7906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽16899
₽9622
₽88070
₽16899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
51 336
pensions
-
-
-
880
national
-
-
-
29 871
labour market
-
-
-
18 970
total
-
-
-
101 057
Employee
206 279
206 279
206 279
-
labour market
16 479
16 479
16 479
-
national
25 201
25 201
25 201
-
municipal
43 926
43 926
43 926
-
pensions
293
293
293
-
total
85 899
85 899
85 899
-
Employer
206 279
206 279
206 279
-
labour market
16 502
16 502
16 502
-
municipal
43 996
43 996
43 996
-
pensions
586
586
586
-
national
25 245
25 245
25 245
-
total
86 329
86 329
86 329
-
Corporate
16 899
-
-
-
income
3 718
-
-
-
total
3 718
-
-
-
Dividends
13 181
-
-
-
withholding
3 559
-
-
-
total
3 559
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
179 505
172 228
172 228
101 057
After tax
58 495
65 772
65 772
136 943
Living cost
48 873
48 873
48 873
48 873
Free-cash
9 622
16 899
16 899
88 070

Estimated living cost  is ₽48873 per week

₽33449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽752
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2500
₽15939
₽140700
₽109642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
254
income
-
-
-
68 524
pensions
-
-
-
4 181
other
-
-
-
372
health
-
-
-
2 191
total
-
-
-
75 522
Employee
34 259
-
217 951
-
health
3 923
-
24 955
-
income
4 700
-
53 909
-
pensions
3 858
-
7 666
-
total
12 481
-
86 530
-
Employer
34 259
-
217 951
-
accident
572
-
3 640
-
unemployment
839
-
5 340
-
pensions
5 570
-
11 070
-
total
6 981
-
20 050
-
Corporate
196 759
238 000
-
-
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.

177 083
214 200
-
-
total
177 083
214 200
-
-
Dividends
19 676
23 800
-
-
withholding
3 738
4 522
-
-
total
3 738
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
200 283
218 722
106 580
75 522
After tax
37 717
19 278
131 420
162 478
Living cost
21 778
21 778
21 778
21 778
Free-cash
15 939
-2 500
109 642
140 700

Estimated living cost  is ₽21778 per week

₽15852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽409
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106497
₽109630
₽105938
₽78677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
238 000
municipal
-
-
-
42 256
health
-
-
-
3 243
national
-
-
-
47 606
total
-
-
-
93 105
Employee
53 385
-
200 219
-
health
399
-
2 659
-
municipal
8 744
-
32 588
-
pensions
3 603
-
13 515
-
unemployment
801
-
3 004
-
national
882
-
30 819
-
total
14 429
-
82 585
-
Employer
53 385
-
200 219
-
accident
54
-
200
-
unemployment
347
-
1 302
-
pensions
9 262
-
34 737
-
health
410
-
1 542
-
total
10 073
-
37 781
-
Corporate
174 543
238 000
-
-
income
34 908
47 600
-
-
total
34 908
47 600
-
-
Dividends

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

104 726
142 800
-
-
national
11 152
19 242
-
-
municipal
18 851
25 704
-
-
total
30 003
44 946
-
-
Income
238 000
238 000
238 000
238 000
Total tax
89 413
92 546
120 366
93 105
After tax
148 587
145 454
117 634
144 895
Living cost
38 957
38 957
38 957
38 957
Free-cash
109 630
106 497
78 677
105 938

Estimated living cost  is ₽38957 per week

₽25446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽620
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽149936
₽144414
₽136213
₽134279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
55 808
health
-
-
-
6 069
social contributions
-
-
-
16 417
total
-
-
-
78 294
Employee
78 025
78 025
225 101
-
social contributions
2 950
6 476
8 734
-
health
605
1 327
3 826
-
income
8 496
7 223
54 769
-
total
12 051
15 026
67 329
-
Employer
78 025
78 025
225 101
-
social contributions
2 950
6 476
8 734
-
health
657
1 444
4 165
-
total
3 607
7 920
12 899
-
Corporate
198 851
152 056
-
-
income
24 857
19 007
-
-
total
24 857
19 007
-
-
Dividends
173 993
133 048
-
-
withholding
29 578
22 618
-
-
total
29 578
22 618
-
-
Income
238 000
238 000
238 000
238 000
Total tax
70 093
64 571
80 228
78 294
After tax
167 907
173 429
157 772
159 706
Living cost
23 493
23 493
23 493
23 493
Free-cash
144 414
149 936
134 279
136 213

Estimated living cost  is ₽23493 per week

₽14080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽520
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽180978
₽175818
₽187030
₽166679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
238 000
income
-
-
-
24 705
pensions
-
-
-
6 454
unemployment
-
-
-
29
health
-
-
-
3 672
total
-
-
-
34 860
Employee

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

23 291
-
228 083
-
health
1 979
-
8 184
-
income
1 592
-
22 188
-
pensions
3 493
-
14 442
-
unemployment
116
-
481
-
total
7 180
-
45 295
-
Employer

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

23 291
-
228 083
-
unemployment
116
-
481
-
pensions
1 280
-
5 295
-
health
1 001
-
4 140
-
total
2 397
-
9 916
-
Corporate
212 312
238 000
-
-
income
19 107
21 420
-
-
total
19 107
21 420
-
-
Dividends
193 205
216 580
-
-
withholding
17 388
19 492
-
-
total
17 388
19 492
-
-
Income
238 000
238 000
238 000
238 000
Total tax
46 072
40 912
55 211
34 860
After tax
191 928
197 088
182 789
203 140
Living cost
16 110
16 110
16 110
16 110
Free-cash
175 818
180 978
166 679
187 030

Estimated living cost  is ₽16110 per week

₽10279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1161
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.
₽4190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130024
₽125542
₽104999
₽100742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
847
income
-
-
-
76 883
pensions
-
-
-
26 615
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
105 098
Employee
37 519
-
208 017
-
other
37
-
94
-
income
7 233
-
73 399
-
pensions
1 764
-
4 421
-
unemployment
582
-
1 458
-
total
9 616
-
79 372
-
Employer
37 519
-
208 017
-
accident
743
-
1 862
-
other
300
-
753
-
unemployment
2 064
-
5 172
-
pensions
8 854
-
22 196
-
total
11 961
-
29 983
-
Corporate
188 520
238 000
-
-
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.

28 279
35 700
-
-
total
28 279
35 700
-
-
Dividends
160 241
202 300
-
-
withholding
34 699
44 373
-
-
total
34 699
44 373
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 555
80 073
109 355
105 098
After tax
153 445
157 927
128 645
132 902
Living cost
27 903
27 903
27 903
27 903
Free-cash
125 542
130 024
100 742
104 999

Estimated living cost  is ₽27903 per week

₽18834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5898
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145725
₽145268
₽150276
₽150078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
81 430
pensions
-
-
-
2 033
health
-
-
-
1 474
total
-
-
-
84 937
Employee
4 245
-
235 713
-
health
212
-
508
-
income
821
-
81 323
-
pensions
382
-
915
-
unemployment
42
-
102
-
total
1 457
-
82 848
-
Employer
4 245
-
235 713
-
unemployment
85
-
203
-
pensions
467
-
1 118
-
health
403
-
966
-
total
955
-
2 287
-
Corporate
232 799
238 000
-
-
income
51 216
52 360
-
-
total
51 216
52 360
-
-
Dividends
181 584
185 640
-
-
withholding
36 317
37 128
-
-
total
36 317
37 128
-
-
Income
238 000
238 000
238 000
238 000
Total tax
89 945
89 488
85 135
84 937
After tax
148 055
148 512
152 865
153 063
Living cost
2 787
2 787
2 787
2 787
Free-cash
145 268
145 725
150 078
150 276

Estimated living cost  is ₽2787 per week

₽1656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽64
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽154400
₽149405
₽136828
₽136826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
income
-
-
-
55 260
pensions
-
-
-
19 505
unemployment
-
-
-
1 125
health
-
-
-
7 727
total
-
-
-
83 617
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.

26 472
-
224 571
-
health
1 363
-
3 864
-
income
3 649
-
55 260
-
pensions
3 706
-
10 503
-
unemployment
199
-
563
-
total
8 917
-
70 190
-
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.

26 472
-
224 571
-
unemployment
199
-
563
-
pensions
3 177
-
9 002
-
health
1 363
-
3 864
-
total
4 739
-
13 429
-
Corporate
206 790
238 000
-
-
income
31 018
35 700
-
-
total
31 018
35 700
-
-
Dividends
175 771
202 300
-
-
withholding
26 366
30 345
-
-
total
26 366
30 345
-
-
Income
238 000
238 000
238 000
238 000
Total tax
71 040
66 045
83 619
83 617
After tax
166 960
171 955
154 381
154 383
Living cost
17 555
17 555
17 555
17 555
Free-cash
149 405
154 400
136 826
136 828

Estimated living cost  is ₽17555 per week

₽11820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108020
₽107655
₽96302
₽77354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
income
-
-
-
31 638
surtax
-
-
-
-
social contributions

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

-
-
-
82 705
total
-
-
-
114 343
Employee
39 382
-
192 324
-
social contributions
4 333
-
21 156
-
surtax
-
-
427
-
income
7 695
-
66 032
-
total
12 028
-
87 615
-
Employer
39 382
-
192 324
-
social contributions
9 352
-
45 676
-
total
9 352
-
45 676
-
Corporate
189 265
238 000
-
-
surtax
-
-
-
-
income
39 745
49 980
-
-
total
39 745
49 980
-
-
Dividends
149 520
188 020
-
-
withholding
41 865
52 645
-
-
total
41 865
52 645
-
-
Income
238 000
238 000
238 000
238 000
Total tax
102 990
102 625
133 291
114 343
After tax
135 010
135 375
104 709
123 657
Living cost
27 355
27 355
27 355
27 355
Free-cash
107 655
108 020
77 354
96 302

Estimated living cost  is ₽27355 per week

₽19375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122266
₽115626
₽97241
₽92984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
847
income
-
-
-
76 883
pensions
-
-
-
26 615
other
-
-
-
94
unemployment
-
-
-
659
total
-
-
-
105 098
Employee
49 005
-
208 017
-
other
48
-
94
-
income
10 235
-
73 399
-
pensions
2 303
-
4 421
-
unemployment
759
-
1 458
-
total
13 345
-
79 372
-
Employer
49 005
-
208 017
-
accident
970
-
1 862
-
other
393
-
753
-
unemployment
2 696
-
5 172
-
pensions
11 565
-
22 196
-
total
15 624
-
29 983
-
Corporate
173 371
238 000
-
-
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.

26 007
35 700
-
-
total
26 007
35 700
-
-
Dividends
147 365
202 300
-
-
withholding
31 737
44 373
-
-
total
31 737
44 373
-
-
Income
238 000
238 000
238 000
238 000
Total tax
86 713
80 073
109 355
105 098
After tax
151 287
157 927
128 645
132 902
Living cost
35 661
35 661
35 661
35 661
Free-cash
115 626
122 266
92 984
97 241

Estimated living cost  is ₽35661 per week

₽25610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2773
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.
₽6776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186023
₽179836
₽175363
₽185336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
35 700
pensions

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

-
-
-
5 249
unemployment
-
-
-
142
health
-
-
-
4 079
total
-
-
-
45 170
Employee
23 129
-
231 042
-
health
1 064
-
1 631
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
income
2 313
-
23 104
-
pensions

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

2 030
-
3 114
-
total
5 661
-
28 239
-
Employer
23 129
-
231 042
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
unemployment
139
-
213
-
pensions

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

2 549
-
3 908
-
health
1 596
-
2 447
-
total
4 538
-
6 958
-
Corporate
210 334
238 000
-
-
income
21 033
23 800
-
-
total
21 033
23 800
-
-
Dividends
189 301
214 200
-
-
withholding
9 465
10 710
-
-
total
9 465
10 710
-
-
Income
238 000
238 000
238 000
238 000
Total tax
40 697
34 510
35 197
45 170
After tax
197 303
203 490
202 803
192 830
Living cost
17 467
17 467
17 467
17 467
Free-cash
179 836
186 023
185 336
175 363

Estimated living cost  is ₽17467 per week

₽11552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽417
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83214
₽96490
₽79963
₽107346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
trade
-
-
-
27 383
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.

-
-
-
80 140
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.

-
-
-
6 932
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.

-
-
-
4 408
total
-
-
-
118 863
Employee

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

50 487
-
238 000
-
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.

6 932
-
6 932
-
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.

229
-
4 408
-
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.

4 152
-
80 140
-
total
11 313
-
91 480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
187 513
238 000
-
-
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.

1 546
1 964
-
-
income
28 127
35 700
-
-
trade
26 908
34 154
-
-
chamber of commerce
429
503
-
-
total
57 010
72 321
-
-
Dividends
130 503
165 680
-
-
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.

1 773
2 257
-
-
withholding
32 240
41 034
-
-
total
34 013
43 291
-
-
Income
238 000
238 000
238 000
238 000
Total tax
102 336
115 612
91 480
118 863
After tax
135 664
122 388
146 520
119 137
Living cost
39 174
39 174
39 174
39 174
Free-cash
96 490
83 214
107 346
79 963

Estimated living cost  is ₽39174 per week

₽27023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4215
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.
₽7367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108799
₽111038
₽60691
₽60691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
78 428
social contributions
-
-
-
41 080
total
-
-
-
119 508
Employee
79 371
-
238 000
-
income
14 977
-
78 428
-
social contributions
6 594
-
41 080
-
total
21 571
-
119 508
-
Employer
79 371
-
238 000
-
total
-
-
-
-
Corporate
158 629
238 000
-
-
income
19 829
29 750
-
-
total
19 829
29 750
-
-
Dividends
138 800
208 250
-
-
withholding
27 761
41 650
-
-
total
27 761
41 650
-
-
Income
238 000
238 000
238 000
238 000
Total tax
69 161
71 400
119 508
119 508
After tax
168 839
166 600
118 492
118 492
Living cost
57 801
57 801
57 801
57 801
Free-cash
111 038
108 799
60 691
60 691

Estimated living cost  is ₽57801 per week

₽43974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112506
₽116050
₽158656
₽128773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
income
-
-
-
35 700
health

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

-
-
-
6 811
total
-
-
-
42 511
Employee
46 548
-
233 332
-
income
5 051
-
63 058
-
social contributions
4 664
-
4 668
-
total
9 715
-
67 726
-
Employer
46 548
-
233 332
-
social contributions
4 664
-
4 668
-
total
4 664
-
4 668
-
Corporate
186 789
238 000
-
-
income
65 377
83 300
-
-
total
65 377
83 300
-
-
Dividends
121 412
154 700
-
-
social contributions
5 361
5 361
-
-
total
5 361
5 361
-
-
Income
238 000
238 000
238 000
238 000
Total tax
85 117
88 661
72 394
42 511
After tax
152 883
149 339
165 606
195 489
Living cost
36 833
36 833
36 833
36 833
Free-cash
116 050
112 506
128 773
158 656

Estimated living cost  is ₽36833 per week

₽24262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111542
₽117607
₽115462
₽94237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
income
-
-
-
74 140
pensions
-
-
-
10 365
total
-
-
-
84 505
Employee
52 206
-
207 375
-
health
681
-
2 783
-
income
9 507
-
59 992
-
pensions
3 985
-
12 329
-
total
14 173
-
75 104
-
Employer
52 206
-
207 375
-
pensions
5 274
-
26 686
-
health
992
-
3 940
-
total
6 266
-
30 626
-
Corporate
179 527
238 000
-
-
income

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

34 109
45 220
-
-
total
34 109
45 220
-
-
Dividends
145 418
192 780
-
-
withholding
27 812
43 205
-
-
total
27 812
43 205
-
-
Income
238 000
238 000
238 000
238 000
Total tax
82 360
88 425
105 730
84 505
After tax
155 640
149 575
132 270
153 495
Living cost
38 033
38 033
38 033
38 033
Free-cash
117 607
111 542
94 237
115 462

Estimated living cost  is ₽38033 per week

₽26091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3498
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.
₽7967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽4657
₽15606
₽138543
₽107485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
accident
-
-
-
254
income
-
-
-
68 524
pensions
-
-
-
4 181
other
-
-
-
372
health
-
-
-
2 191
total
-
-
-
75 522
Employee
37 650
-
217 951
-
health
4 311
-
24 955
-
income
5 165
-
53 909
-
pensions
4 239
-
7 666
-
total
13 715
-
86 530
-
Employer
37 650
-
217 951
-
accident
629
-
3 640
-
unemployment
922
-
5 340
-
pensions
6 122
-
11 070
-
total
7 673
-
20 050
-
Corporate
192 677
238 000
-
-
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.

173 410
214 200
-
-
total
173 410
214 200
-
-
Dividends
19 268
23 800
-
-
withholding
3 661
4 522
-
-
total
3 661
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
198 459
218 722
106 580
75 522
After tax
39 541
19 278
131 420
162 478
Living cost
23 935
23 935
23 935
23 935
Free-cash
15 606
-4 657
107 485
138 543

Estimated living cost  is ₽23935 per week

₽17565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽168365
₽165294
₽139537
₽161846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
238 000
work injury
-
-
-
811
health insurance
-
-
-
12 007
income
-
-
-
40 137
pensions
-
-
-
29 856
unemployment
-
-
-
1 947
total
-
-
-
84 758
Employee

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

21 928
-
238 000
-
work injury
110
-
406
-
income
2 193
-
40 137
-
pensions
4 035
-
14 928
-
health insurance
1 623
-
6 004
-
unemployment
263
-
974
-
total
8 224
-
62 449
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
216 072
238 000
-
-
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%.

21 607
23 800
-
-
total
21 607
23 800
-
-
Dividends
194 465
214 200
-
-
withholding
29 170
32 130
-
-
total
29 170
32 130
-
-
Income
238 000
238 000
238 000
238 000
Total tax
59 001
55 930
62 449
84 758
After tax
178 999
182 070
175 551
153 242
Living cost
13 705
13 705
13 705
13 705
Free-cash
165 294
168 365
161 846
139 537

Estimated living cost  is ₽13705 per week

₽8490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84940
₽80324
₽71862
₽63527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
238 000
municipal
-
-
-
1 685
regional
-
-
-
5 895
national
-
-
-
67 350
social contributions
-
-
-
50 785
total
-
-
-
125 715
Employee
85 504
-
238 000
-
social contributions
28 831
-
66 580
-
regional
1 291
-
5 369
-
municipal
510
-
1 542
-
national
14 449
-
60 559
-
total
45 081
-
134 050
-
Employer
85 504
-
238 000
-
total
-
-
-
-
Corporate
152 496
238 000
-
-
nationa
36 599
57 120
-
-
municipal
7 350
11 472
-
-
total
43 949
68 592
-
-
Dividends
108 547
169 408
-
-
withholding
28 223
44 045
-
-
total
28 223
44 045
-
-
Income
238 000
238 000
238 000
238 000
Total tax
117 253
112 637
134 050
125 715
After tax
120 747
125 363
103 950
112 285
Living cost
40 423
40 423
40 423
40 423
Free-cash
80 324
84 940
63 527
71 862

Estimated living cost  is ₽40423 per week

₽28394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽610
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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