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
₽91637
₽117124
₽86476
₽101964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
81 723
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.

-
-
-
4 495
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.

-
-
-
6 378
trade
-
-
-
30 648
total
-
-
-
123 244
Employee

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

35 710
-
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.

55
-
4 495
-
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.

998
-
81 723
-
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.

6 378
-
6 378
-
total
7 431
-
92 596
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
202 290
238 000
-
-
income
30 344
35 700
-
-
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.

1 669
1 963
-
-
chamber of commerce
432
484
-
-
trade
31 860
37 486
-
-
total
64 305
75 633
-
-
Dividends
137 985
162 368
-
-
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.

1 878
2 213
-
-
withholding
34 142
40 237
-
-
total
36 020
42 450
-
-
Income
238 000
238 000
238 000
238 000
Total tax
107 756
118 083
92 596
123 244
After tax
130 244
119 917
145 404
114 756
Living cost
28 280
28 280
28 280
28 280
Free-cash
101 964
91 637
117 124
86 476

Estimated living cost  is ₽28280 per week

₽17789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3297
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.
₽6665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98706
₽85820
₽84543
₽97878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
2 558
municipal
-
-
-
26 533
national
-
-
-
46 000
pensions
-
-
-
28 560
total
-
-
-
103 651
Employee
77 208
-
205 749
-
municipal
9 536
-
27 454
-
pensions
3 088
-
8 230
-
national
14 778
-
48 018
-
total
27 402
-
83 702
-
Employer
77 208
-
205 749
-
pensions
6 177
-
16 460
-
social contributions
830
-
2 212
-
total
7 007
-
18 672
-
Corporate
148 689
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%.

29 738
47 600
-
-
total
29 738
47 600
-
-
Dividends
118 951
190 400
-
-
withholding
26 169
41 888
-
-
total
26 169
41 888
-
-
Income
238 000
238 000
238 000
238 000
Total tax
90 316
89 488
102 374
103 651
After tax
147 684
148 512
135 626
134 349
Living cost
49 806
49 806
49 806
49 806
Free-cash
97 878
98 706
85 820
84 543

Estimated living cost  is ₽49806 per week

₽33853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170975
₽85526
₽69024
₽163318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
53 089
surtax
-
-
-
60 691
social contributions

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

-
-
-
35 772
microenterprise
-
-
-
-
total
-
-
-
149 552
Employee
27 282
-
190 265
-
surtax
-
-
27 588
-
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.

3 001
-
12 239
-
income
4 856
-
45 490
-
total
7 857
-
85 317
-
Employer
27 282
-
190 265
-
social contributions

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

6 572
-
26 805
-
surtax
-
-
20 928
-
total
6 572
-
47 733
-
Corporate
204 147
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%.

40 829
47 601
-
-
total
40 829
47 601
-
-
Dividends

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

163 318
190 399
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
55 258
47 601
133 050
149 552
After tax
182 742
190 399
104 950
88 448
Living cost
19 424
19 424
19 424
19 424
Free-cash
163 318
170 975
85 526
69 024

Estimated living cost  is ₽19424 per week

₽12392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79817
₽113048
₽87167
₽74097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 269
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
111 721
Employee
79 730
79 730
220 649
-
pensions
14 351
10 939
10 939
-
income

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

13 051
13 051
46 036
-
health
12 238
10 409
11 513
-
total
39 640
34 399
68 488
-
Employer
79 730
79 730
220 649
-
health
5 542
5 542
6 887
-
pensions
5 549
5 549
6 898
-
unemployment
2 870
2 870
3 567
-
total
13 961
13 961
17 352
-
Corporate
145 286
144 308
-
-
income
29 057
28 862
-
-
total
29 057
28 862
-
-
Dividends
116 229
115 446
-
-
income
24 699
24 532
-
-
withholding
17 434
17 317
-
-
total
42 133
41 849
-
-
Income
238 000
238 000
238 000
238 000
Total tax
124 791
119 071
85 840
111 721
After tax
113 209
118 929
152 160
126 279
Living cost
39 112
39 112
39 112
39 112
Free-cash
74 097
79 817
113 048
87 167

Estimated living cost  is ₽39112 per week

₽27718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92250
₽79184
₽80098
₽91404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
165
other
-
-
-
9 601
unemployment
-
-
-
83
health
-
-
-
5 155
municipal
-
-
-
63 834
national
-
-
-
32 435
pensions
-
-
-
8 931
total
-
-
-
120 204
Employee
53 717
-
212 040
-
municipal
16 018
-
63 230
-
national
-
-
31 929
-
total
16 018
-
95 159
-
Employer
53 717
-
212 040
-
health
3 304
-
5 081
-
pensions
5 807
-
8 931
-
accident
107
-
165
-
unemployment
1 418
-
2 181
-
other
6 242
-
9 601
-
total
16 878
-
25 959
-
Corporate
167 406
238 000
-
-
income
36 829
52 360
-
-
total
36 829
52 360
-
-
Dividends
130 576
185 640
-
-
withholding
39 173
55 692
-
-
total
39 173
55 692
-
-
Income
238 000
238 000
238 000
238 000
Total tax
108 898
108 052
121 118
120 204
After tax
129 102
129 948
116 882
117 796
Living cost
37 698
37 698
37 698
37 698
Free-cash
91 404
92 250
79 184
80 098

Estimated living cost  is ₽37698 per week

₽24985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3699
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82015
₽108726
₽76715
₽95135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
81 723
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.

-
-
-
4 495
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.

-
-
-
6 378
trade
-
-
-
32 011
total
-
-
-
124 607
Employee

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

47 347
-
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.

223
-
4 495
-
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.

4 068
-
81 723
-
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.

6 378
-
6 378
-
total
10 669
-
92 596
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
190 653
238 000
-
-
income
28 598
35 700
-
-
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.

1 573
1 963
-
-
chamber of commerce
413
480
-
-
trade
31 362
39 151
-
-
total
61 946
77 294
-
-
Dividends
128 706
160 706
-
-
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.

1 751
2 190
-
-
withholding
31 821
39 823
-
-
total
33 572
42 013
-
-
Income
238 000
238 000
238 000
238 000
Total tax
106 187
119 307
92 596
124 607
After tax
131 813
118 693
145 404
113 393
Living cost
36 678
36 678
36 678
36 678
Free-cash
95 135
82 015
108 726
76 715

Estimated living cost  is ₽36678 per week

₽24530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143101
₽126813
₽128709
₽139228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 834
social contributions
-
-
-
15 106
health
-
-
-
6 068
total
-
-
-
79 008
Employee
71 793
71 793
225 785
-
social contributions
3 489
5 958
8 037
-
income
7 539
6 646
56 814
-
health
714
1 221
3 838
-
total
11 742
13 825
68 689
-
Employer
71 793
71 793
225 785
-
health
778
1 329
4 178
-
social contributions
3 489
5 958
8 037
-
total
4 267
7 287
12 215
-
Corporate
191 709
158 919
-
-
income
23 963
19 865
-
-
total
23 963
19 865
-
-
Dividends
167 746
139 054
-
-
withholding
28 517
23 639
-
-
total
28 517
23 639
-
-
Income
238 000
238 000
238 000
238 000
Total tax
68 489
64 616
80 904
79 008
After tax
169 511
173 384
157 096
158 992
Living cost
30 283
30 283
30 283
30 283
Free-cash
139 228
143 101
126 813
128 709

Estimated living cost  is ₽30283 per week

₽20701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽116815
₽121248
₽148152
₽117161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 570
health
-
-
-
16 660
pensions
-
-
-
23 800
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.

24 139
9 607
199 163
-
unemployment
362
144
2 987
-
pensions
2 414
961
19 916
-
income
2 951
1 174
24 348
-
health
1 690
672
13 941
-
total
7 417
2 951
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.

24 139
9 607
199 163
-
pensions
4 707
1 873
38 837
-
total
4 707
1 873
38 837
-
Corporate
209 153
226 519
-
-
income
18 824
20 387
-
-
total
18 824
20 387
-
-
Dividends
190 330
206 133
-
-
social contributions
37 005
40 086
-
-
withholding
36 163
39 165
-
-
total
73 168
79 251
-
-
Income
238 000
238 000
238 000
238 000
Total tax
104 116
104 462
100 029
73 125
After tax
133 884
133 538
137 971
164 875
Living cost
16 723
16 723
16 723
16 723
Free-cash
117 161
116 815
121 248
148 152

Estimated living cost  is ₽16723 per week

₽11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽167848
₽114629
₽105015
₽162048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
31 892
health
-
-
-
30 941
pensions
-
-
-
47 601
total
-
-
-
110 434
Employee
26 486
-
177 878
-
unemployment
423
-
2 845
-
pensions
530
-
3 558
-
income
2 982
-
34 295
-
total
3 935
-
40 698
-
Employer
26 486
-
177 878
-
health
3 443
-
23 123
-
pensions
5 298
-
35 576
-
unemployment
213
-
1 423
-
total
8 954
-
60 122
-
Corporate
202 561
238 000
-
-
income
40 512
47 601
-
-
total
40 512
47 601
-
-
Dividends
162 049
190 399
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
53 401
47 601
100 820
110 434
After tax
184 599
190 399
137 180
127 566
Living cost
22 551
22 551
22 551
22 551
Free-cash
162 048
167 848
114 629
105 015

Estimated living cost  is ₽22551 per week

₽15468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽1562
₽110936
₽141602
₽16081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
68 961
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
75 558
Employee
32 783
-
218 559
-
pensions
3 691
-
7 227
-
income
4 498
-
54 531
-
health
3 754
-
25 025
-
total
11 943
-
86 783
-
Employer
32 783
-
218 559
-
pensions
5 331
-
10 436
-
accident
547
-
3 650
-
unemployment
803
-
5 355
-
total
6 681
-
19 441
-
Corporate
198 536
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.

178 683
214 200
-
-
total
178 683
214 200
-
-
Dividends
19 853
23 800
-
-
withholding
3 772
4 522
-
-
total
3 772
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
201 079
218 722
106 224
75 558
After tax
36 921
19 278
131 776
162 442
Living cost
20 840
20 840
20 840
20 840
Free-cash
16 081
-1 562
110 936
141 602

Estimated living cost  is ₽20840 per week

₽15274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1155
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.
₽3977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽218577
₽182877
₽228097
₽217166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
9 404
-
238 000
-
income
1 881
-
47 600
-
total
1 881
-
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%.

228 596
238 000
-
-
total
-
-
-
-
Dividends
228 596
238 000
-
-
withholding
11 430
11 900
-
-
total
11 430
11 900
-
-
Income
238 000
238 000
238 000
238 000
Total tax
13 311
11 900
47 600
2 380
After tax
224 689
226 100
190 400
235 620
Living cost
7 523
7 523
7 523
7 523
Free-cash
217 166
218 577
182 877
228 097

Estimated living cost  is ₽7523 per week

₽4662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽149981
₽120373
₽122274
₽143676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
43 783
other
-
-
-
6 743
health
-
-
-
6 247
pensions

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

-
-
-
34 075
total
-
-
-
90 848
Employee
33 900
-
201 744
-
unemployment
338
-
1 419
-
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.

2 372
-
9 938
-
income
5 836
-
43 148
-
health
475
-
1 988
-
total
9 021
-
56 493
-
Employer
33 900
-
201 744
-
health
475
-
1 988
-
pensions

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

5 764
-
24 137
-
accident
271
-
1 614
-
unemployment
338
-
1 419
-
other
1 696
-
7 098
-
total
8 544
-
36 256
-
Corporate
195 557
238 000
-
-
income
41 066
49 980
-
-
total
41 066
49 980
-
-
Dividends
154 490
188 020
-
-
withholding
10 815
13 161
-
-
total
10 815
13 161
-
-
Income
238 000
238 000
238 000
238 000
Total tax
69 446
63 141
92 749
90 848
After tax
168 554
174 859
145 251
147 152
Living cost
24 878
24 878
24 878
24 878
Free-cash
143 676
149 981
120 373
122 274

Estimated living cost  is ₽24878 per week

₽17578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Bratislava model

Close
London , United Kingdom
₽85222
₽68499
₽89636
₽92775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
75 754
pensions
-
-
-
9 893
total
-
-
-
85 647
Employee
88 735
-
207 232
-
pensions
8 561
-
11 636
-
income
15 995
-
61 660
-
health
1 462
-
2 722
-
total
26 018
-
76 018
-
Employer
88 735
-
207 232
-
health
1 685
-
3 936
-
pensions
10 477
-
26 830
-
total
12 162
-
30 766
-
Corporate
137 103
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.

26 049
45 221
-
-
total
26 049
45 221
-
-
Dividends
111 053
192 779
-
-
withholding
18 279
44 840
-
-
total
18 279
44 840
-
-
Income
238 000
238 000
238 000
238 000
Total tax
82 508
90 061
106 784
85 647
After tax
155 492
147 939
131 216
152 353
Living cost
62 717
62 717
62 717
62 717
Free-cash
92 775
85 222
68 499
89 636

Estimated living cost  is ₽62717 per week

₽46995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽191246
₽191471
₽181347
₽186906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
44 409
Employee
16 213
-
231 600
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
pensions

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

1 423
-
2 864
-
income
1 621
-
23 160
-
health
746
-
1 501
-
total
3 969
-
27 884
-
Employer
16 213
-
231 600
-
health
1 119
-
2 251
-
pensions

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

1 787
-
3 595
-
accident

We are using the highest rate at 1.1%.

179
-
359
-
unemployment
97
-
196
-
total
3 182
-
6 401
-
Corporate
218 606
238 000
-
-
income
21 861
23 800
-
-
total
21 861
23 800
-
-
Dividends
196 745
214 200
-
-
withholding
9 838
10 710
-
-
total
9 838
10 710
-
-
Income
238 000
238 000
238 000
238 000
Total tax
38 850
34 510
34 285
44 409
After tax
199 150
203 490
203 715
193 591
Living cost
12 244
12 244
12 244
12 244
Free-cash
186 906
191 246
191 471
181 347

Estimated living cost  is ₽12244 per week

₽7148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67157
₽100388
₽74507
₽69504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 269
health
-
-
-
11 513
pensions
-
-
-
10 939
total
-
-
-
111 721
Employee
86 561
79 730
220 649
-
pensions
10 939
10 939
10 939
-
income

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

13 051
13 051
46 036
-
health
10 799
10 409
11 513
-
total
34 789
34 399
68 488
-
Employer
86 561
79 730
220 649
-
health
6 015
5 542
6 887
-
pensions
6 024
5 549
6 898
-
unemployment
3 117
2 870
3 567
-
total
15 156
13 961
17 352
-
Corporate
136 283
144 308
-
-
income
27 257
28 862
-
-
total
27 257
28 862
-
-
Dividends
109 026
115 446
-
-
income
23 168
24 532
-
-
withholding
16 354
17 317
-
-
total
39 522
41 849
-
-
Income
238 000
238 000
238 000
238 000
Total tax
116 724
119 071
85 840
111 721
After tax
121 276
118 929
152 160
126 279
Living cost
51 772
51 772
51 772
51 772
Free-cash
69 504
67 157
100 388
74 507

Estimated living cost  is ₽51772 per week

₽38191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4624
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.
₽8365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141048
₽109275
₽120026
₽132908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 956
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
4 243
health
-
-
-
32 130
total
-
-
-
95 159
Employee
33 551
-
192 562
-
solidarity contribution
-
-
3 278
-
social contributions
2 181
-
7 308
-
income
4 026
-
23 889
-
health
4 529
-
25 996
-
total
10 736
-
60 471
-
Employer
33 551
-
192 562
-
health
3 020
-
17 331
-
social contributions
8 388
-
28 108
-
total
11 408
-
45 439
-
Corporate
193 041
238 000
-
-
income
36 678
45 220
-
-
total
36 678
45 220
-
-
Dividends
156 363
192 780
-
-
withholding
23 455
28 917
-
-
total
23 455
28 917
-
-
Income
238 000
238 000
238 000
238 000
Total tax
82 277
74 137
105 910
95 159
After tax
155 723
163 863
132 090
142 841
Living cost
22 815
22 815
22 815
22 815
Free-cash
132 908
141 048
109 275
120 026

Estimated living cost  is ₽22815 per week

₽15848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4896
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87586
₽69140
₽77056
₽82711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
46 729
regional
-
-
-
3 142
municipal
-
-
-
1 531
national
-
-
-
70 145
total
-
-
-
121 547
Employee
82 977
-
238 000
-
municipal
439
-
1 414
-
national
14 378
-
63 896
-
regional
783
-
2 890
-
social contributions
27 980
-
61 263
-
total
43 580
-
129 463
-
Employer
82 977
-
238 000
-
total
-
-
-
-
Corporate
155 023
238 000
-
-
municipal
6 045
9 282
-
-
nationa
37 206
57 120
-
-
total
43 251
66 402
-
-
Dividends
111 772
171 597
-
-
withholding
29 061
44 615
-
-
total
29 061
44 615
-
-
Income
238 000
238 000
238 000
238 000
Total tax
115 892
111 017
129 463
121 547
After tax
122 108
126 983
108 537
116 453
Living cost
39 397
39 397
39 397
39 397
Free-cash
82 711
87 586
69 140
77 056

Estimated living cost  is ₽39397 per week

₽27463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽604
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽129101
₽85344
₽91051
₽126193
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78 697
other
-
-
-
-
surtax
-
-
-
13 668
unemployment
-
-
-
213
health
-
-
-
8 846
pensions
-
-
-
24 922
total
-
-
-
126 346
Employee
30 875
-
211 771
-
other
-
-
-
-
unemployment
2 149
-
8 673
-
pensions
2 059
-
8 311
-
surtax
101
-
12 551
-
income
5 175
-
73 112
-
health
788
-
3 177
-
total
10 272
-
105 824
-
Employer
30 875
-
211 771
-
health
1 405
-
5 670
-
pensions
4 116
-
16 610
-
unemployment
978
-
3 949
-
other
-
-
-
-
total
6 499
-
26 229
-
Corporate
200 626
238 000
-
-
income
52 163
61 879
-
-
total
52 163
61 879
-
-
Dividends
148 463
176 121
-
-
withholding
22 270
26 417
-
-
total
22 270
26 417
-
-
Income
238 000
238 000
238 000
238 000
Total tax
91 204
88 296
132 053
126 346
After tax
146 796
149 704
105 947
111 654
Living cost
20 603
20 603
20 603
20 603
Free-cash
126 193
129 101
85 344
91 051

Estimated living cost  is ₽20603 per week

₽12597
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.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105092
₽88369
₽109506
₽111290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
75 754
pensions
-
-
-
9 893
total
-
-
-
85 647
Employee
59 468
-
207 232
-
pensions
5 047
-
11 636
-
income
10 710
-
61 660
-
health
863
-
2 722
-
total
16 620
-
76 018
-
Employer
59 468
-
207 232
-
health
1 130
-
3 936
-
pensions
6 437
-
26 830
-
total
7 567
-
30 766
-
Corporate
170 965
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.

32 482
45 221
-
-
total
32 482
45 221
-
-
Dividends
138 483
192 779
-
-
withholding
27 194
44 840
-
-
total
27 194
44 840
-
-
Income
238 000
238 000
238 000
238 000
Total tax
83 863
90 061
106 784
85 647
After tax
154 137
147 939
131 216
152 353
Living cost
42 847
42 847
42 847
42 847
Free-cash
111 290
105 092
88 369
109 506

Estimated living cost  is ₽42847 per week

₽32100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽35003
₽105964
₽113354
₽66592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
4 759
regional
-
-
-
13 954
health
-
-
-
535
city
-
-
-
2 509
national
-
-
-
7 165
pensions
-
-
-
21 895
total
-
-
-
50 817
Employee
86 398
-
214 722
-
unemployment
-
-
-
-
pensions
7 259
-
16 137
-
national
409
-
5 853
-
regional
2 829
-
12 488
-
city
927
-
2 329
-
health
195
-
484
-
total
11 619
-
37 291
-
Employer
86 398
-
214 722
-
health
195
-
484
-
pensions
7 259
-
16 137
-
unemployment
-
-
-
-
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.

1 727
-
4 295
-
total
9 181
-
20 916
-
Corporate
141 470
238 000
-
-
regional
29 920
50 336
-
-
national
12 026
20 230
-
-
total
41 946
70 566
-
-
Dividends
99 525
167 433
-
-
withholding
34 833
58 602
-
-
total
34 833
58 602
-
-
Income
238 000
238 000
238 000
238 000
Total tax
97 579
129 168
58 207
50 817
After tax
140 421
108 832
179 793
187 183
Living cost
73 829
73 829
73 829
73 829
Free-cash
66 592
35 003
105 964
113 354

Estimated living cost  is ₽73829 per week

₽48010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽906
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽74700
₽102633
₽69260
₽89838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
81 723
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.

-
-
-
4 495
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.

-
-
-
6 378
trade
-
-
-
33 373
total
-
-
-
125 969
Employee

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

56 111
-
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.

363
-
4 495
-
income

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

6 598
-
81 723
-
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.

6 378
-
6 378
-
total
13 339
-
92 596
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
181 889
238 000
-
-
income
27 284
35 700
-
-
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.

1 501
1 963
-
-
chamber of commerce
397
477
-
-
trade
31 194
40 816
-
-
total
60 376
78 956
-
-
Dividends
121 514
159 044
-
-
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.

1 651
2 167
-
-
withholding
30 025
39 406
-
-
total
31 676
41 573
-
-
Income
238 000
238 000
238 000
238 000
Total tax
105 391
120 529
92 596
125 969
After tax
132 609
117 471
145 404
112 031
Living cost
42 771
42 771
42 771
42 771
Free-cash
89 838
74 700
102 633
69 260

Estimated living cost  is ₽42771 per week

₽31238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88007
₽87125
₽95869
₽93526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48 240
other
-
-
-
7 378
surtax
-
-
-
-
social contributions
-
-
-
6 781
health
-
-
-
12 360
pensions
-
-
-
35 429
total
-
-
-
110 188
Employee
39 959
-
180 314
-
pensions
4 518
-
14 148
-
surtax
-
-
-
-
social contributions
1 139
-
5 138
-
income
2 358
-
41 964
-
total
8 015
-
61 250
-
Employer
39 959
-
180 314
-
health
2 798
-
18 589
-
pensions
6 564
-
23 530
-
unemployment
1 618
-
7 303
-
social contributions
120
-
540
-
other
1 378
-
7 720
-
total
12 478
-
57 682
-
Corporate
185 562
238 000
-
-
income
51 957
66 640
-
-
surtax
-
-
-
-
total
51 957
66 640
-
-
Dividends
133 605
171 360
-
-
surtax
-
-
-
-
social contributions
22 980
29 475
-
-
withholding
17 101
21 935
-
-
total
40 081
51 410
-
-
Income
238 000
238 000
238 000
238 000
Total tax
112 531
118 050
118 932
110 188
After tax
125 469
119 950
119 068
127 812
Living cost
31 943
31 943
31 943
31 943
Free-cash
93 526
88 007
87 125
95 869

Estimated living cost  is ₽31943 per week

₽20142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91172
₽90290
₽99034
₽96364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48 240
other
-
-
-
7 378
surtax
-
-
-
-
social contributions
-
-
-
6 781
health
-
-
-
12 360
pensions
-
-
-
35 429
total
-
-
-
110 188
Employee
35 669
-
180 314
-
pensions
4 034
-
14 148
-
surtax
-
-
-
-
social contributions
1 017
-
5 138
-
income
1 839
-
41 964
-
total
6 890
-
61 250
-
Employer
35 669
-
180 314
-
health
2 496
-
18 589
-
pensions
5 861
-
23 530
-
unemployment
1 444
-
7 303
-
social contributions
106
-
540
-
other
1 231
-
7 720
-
total
11 138
-
57 682
-
Corporate
191 192
238 000
-
-
income
53 534
66 640
-
-
surtax
-
-
-
-
total
53 534
66 640
-
-
Dividends
137 658
171 360
-
-
surtax
-
-
-
-
social contributions
23 676
29 475
-
-
withholding
17 620
21 935
-
-
total
41 296
51 410
-
-
Income
238 000
238 000
238 000
238 000
Total tax
112 858
118 050
118 932
110 188
After tax
125 142
119 950
119 068
127 812
Living cost
28 778
28 778
28 778
28 778
Free-cash
96 364
91 172
90 290
99 034

Estimated living cost  is ₽28778 per week

₽16690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125406
₽125978
₽133047
₽125888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
32 843
health
-
-
-
16 612
total
-
-
-
85 155
Employee
31 656
-
238 000
-
social contributions
4 369
-
32 843
-
income
5 280
-
42 769
-
health
2 209
-
16 612
-
total
11 858
-
92 224
-
Employer
31 656
-
238 000
-
total
-
-
-
-
Corporate
206 344
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%.

10 317
11 899
-
-
total
10 317
11 899
-
-
Dividends
196 027
226 101
-
-
social contributions
27 052
31 201
-
-
withholding
29 404
33 915
-
-
health
13 683
15 781
-
-
total
70 139
80 897
-
-
Income
238 000
238 000
238 000
238 000
Total tax
92 314
92 796
92 224
85 155
After tax
145 686
145 204
145 776
152 845
Living cost
19 798
19 798
19 798
19 798
Free-cash
125 888
125 406
125 978
133 047

Estimated living cost  is ₽19798 per week

₽13249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98087
₽28795
₽88573
₽96641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
81 146
surtax
-
-
-
184
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
951
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
116 529
Employee
46 660
37 207
199 802
-
other
466
372
1 091
-
unemployment
1 400
1 116
3 272
-
pensions
4 778
3 809
11 169
-
income
5 312
2 744
69 294
-
health
1 805
1 440
4 220
-
total
13 761
9 481
89 046
-
Employer
46 660
37 207
199 802
-
chamber of commerce
186
149
799
-
health
1 763
1 407
4 123
-
pensions
5 856
4 670
13 689
-
accident
606
484
1 417
-
unemployment
1 400
1 116
3 272
-
surtax
184
184
184
-
payroll
1 400
1 116
5 994
-
other
2 216
1 766
8 719
-
total
13 611
10 892
38 197
-
Corporate
177 729
189 900
196 259
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

44 433
47 475
49 064
-
total
44 433
47 475
49 064
-
Dividends
133 297
142 425
-
-
withholding
36 656
39 167
-
-
total
36 656
39 167
-
-
Income
238 000
238 000
238 000
238 000
Total tax
108 461
107 015
176 307
116 529
After tax
129 539
130 985
61 693
121 471
Living cost
32 898
32 898
32 898
32 898
Free-cash
96 641
98 087
28 795
88 573

Estimated living cost  is ₽32898 per week

₽21942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7610
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95004
₽45648
₽69617
₽84908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
12 883
social contributions
-
-
-
23 277
national
-
-
-
98 181
total
-
-
-
134 341
Employee

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

66 785
-
184 340
-
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.

581
-
1 603
-
communal

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

3 483
-
9 615
-
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.

5 009
-
13 825
-
national
20 532
-
70 946
-
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.

3 138
-
8 662
-
total
32 743
-
104 651
-
Employer

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

66 785
-
184 340
-
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.

4 107
-
11 338
-
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.

5 918
-
16 332
-
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.

868
-
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.

974
-
2 691
-
surtax
7 573
-
20 903
-
total
19 440
-
53 659
-
Corporate
151 775
238 000
-
-
income
30 356
53 074
-
-
surtax
608
1 061
-
-
total
30 964
54 135
-
-
Dividends
120 812
183 865
-
-
withholding

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

35 903
54 819
-
-
total
35 903
54 819
-
-
Income
238 000
238 000
238 000
238 000
Total tax
119 050
108 954
158 310
134 341
After tax
118 950
129 046
79 690
103 659
Living cost
34 042
34 042
34 042
34 042
Free-cash
84 908
95 004
45 648
69 617

Estimated living cost  is ₽34042 per week

₽21928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124038
₽95106
₽99022
₽117640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
79 297
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
105 260
Employee
46 475
-
210 412
-
other
46
-
87
-
unemployment
721
-
1 341
-
pensions
2 185
-
4 068
-
income
9 806
-
76 092
-
total
12 758
-
81 588
-
Employer
46 475
-
210 412
-
pensions
10 967
-
20 423
-
accident
920
-
1 713
-
unemployment
2 557
-
4 759
-
other
370
-
693
-
total
14 814
-
27 588
-
Corporate
176 711
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.

26 506
35 700
-
-
total
26 506
35 700
-
-
Dividends
150 205
202 300
-
-
withholding
32 564
44 544
-
-
total
32 564
44 544
-
-
Income
238 000
238 000
238 000
238 000
Total tax
86 642
80 244
109 176
105 260
After tax
151 358
157 756
128 824
132 740
Living cost
33 718
33 718
33 718
33 718
Free-cash
117 640
124 038
95 106
99 022

Estimated living cost  is ₽33718 per week

₽24830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2392
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.
₽6010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81593
₽68094
₽60786
₽68751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
15 042
accident
-
-
-
1 864
income
-
-
-
48 830
surtax
-
-
-
12 069
health
-
-
-
15 533
pensions
-
-
-
33 138
total
-
-
-
126 476
Employee
70 705
-
212 594
-
pensions
5 656
-
17 007
-
surtax
4 334
-
13 030
-
income
6 829
-
54 264
-
health
3 147
-
9 461
-
total
19 966
-
93 762
-
Employer
70 705
-
212 594
-
health
2 156
-
6 485
-
pensions
5 656
-
17 007
-
accident
636
-
1 914
-
total
8 448
-
25 406
-
Corporate
158 847
238 000
-
-
communal
10 723
16 065
-
-
income
23 827
35 700
-
-
surtax
1 667
2 498
-
-
total
36 217
54 263
-
-
Dividends
122 631
183 737
-
-
income
35 485
23 846
-
-
withholding
18 395
27 560
-
-
total
53 880
51 406
-
-
Income
238 000
238 000
238 000
238 000
Total tax
118 511
105 669
119 168
126 476
After tax
119 489
132 331
118 832
111 524
Living cost
50 738
50 738
50 738
50 738
Free-cash
68 751
81 593
68 094
60 786

Estimated living cost  is ₽50738 per week

₽38061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽537
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128733
₽84976
₽90683
₽125760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78 697
other
-
-
-
-
surtax
-
-
-
13 668
unemployment
-
-
-
213
health
-
-
-
8 846
pensions
-
-
-
24 922
total
-
-
-
126 346
Employee
31 442
-
211 771
-
other
-
-
-
-
unemployment
2 188
-
8 673
-
pensions
2 098
-
8 311
-
surtax
112
-
12 551
-
income
5 271
-
73 112
-
health
803
-
3 177
-
total
10 472
-
105 824
-
Employer
31 442
-
211 771
-
health
1 430
-
5 670
-
pensions
4 192
-
16 610
-
unemployment
998
-
3 949
-
other
-
-
-
-
total
6 620
-
26 229
-
Corporate
199 939
238 000
-
-
income
51 984
61 879
-
-
total
51 984
61 879
-
-
Dividends
147 955
176 121
-
-
withholding
22 193
26 417
-
-
total
22 193
26 417
-
-
Income
238 000
238 000
238 000
238 000
Total tax
91 269
88 296
132 053
126 346
After tax
146 731
149 704
105 947
111 654
Living cost
20 971
20 971
20 971
20 971
Free-cash
125 760
128 733
84 976
90 683

Estimated living cost  is ₽20971 per week

₽12661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99948
₽82689
₽90561
₽97876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
46 729
regional
-
-
-
3 883
municipal
-
-
-
1 531
national
-
-
-
70 145
total
-
-
-
122 288
Employee
51 791
-
238 000
-
municipal
275
-
1 414
-
national
8 205
-
63 896
-
regional
697
-
3 587
-
social contributions
17 464
-
61 263
-
total
26 641
-
130 160
-
Employer
51 791
-
238 000
-
total
-
-
-
-
Corporate
186 209
238 000
-
-
municipal
9 254
11 828
-
-
nationa
44 690
57 120
-
-
total
53 944
68 948
-
-
Dividends
132 265
169 051
-
-
withholding
34 388
43 953
-
-
total
34 388
43 953
-
-
Income
238 000
238 000
238 000
238 000
Total tax
114 973
112 901
130 160
122 288
After tax
123 027
125 099
107 840
115 712
Living cost
25 151
25 151
25 151
25 151
Free-cash
97 876
99 948
82 689
90 561

Estimated living cost  is ₽25151 per week

₽15641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Naples model

Close
Prague , Czech Republic
₽135749
₽103976
₽114727
₽125720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 956
social contributions
-
-
-
32 830
solidarity contribution
-
-
-
4 243
health
-
-
-
32 130
total
-
-
-
95 159
Employee
41 344
-
192 562
-
solidarity contribution
-
-
3 278
-
social contributions
2 687
-
7 308
-
income
4 961
-
23 889
-
health
5 581
-
25 996
-
total
13 229
-
60 471
-
Employer
41 344
-
192 562
-
health
3 721
-
17 331
-
social contributions
10 336
-
28 108
-
total
14 057
-
45 439
-
Corporate
182 599
238 000
-
-
income
34 694
45 220
-
-
total
34 694
45 220
-
-
Dividends
147 905
192 780
-
-
withholding
22 186
28 917
-
-
total
22 186
28 917
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 166
74 137
105 910
95 159
After tax
153 834
163 863
132 090
142 841
Living cost
28 114
28 114
28 114
28 114
Free-cash
125 720
135 749
103 976
114 727

Estimated living cost  is ₽28114 per week

₽20907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101299
₽31947
₽91868
₽100835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
81 146
surtax
-
-
-
-
unemployment
-
-
-
5 726
chamber of commerce
-
-
-
951
health
-
-
-
8 343
pensions
-
-
-
20 179
total
-
-
-
116 345
Employee
40 813
37 207
199 974
-
other
408
372
1 091
-
unemployment
1 224
1 116
3 272
-
pensions
4 180
3 809
11 169
-
income
3 636
2 744
69 381
-
health
1 579
1 440
4 220
-
total
11 027
9 481
89 133
-
Employer
40 813
37 207
199 974
-
chamber of commerce
163
149
799
-
health
1 543
1 407
4 123
-
pensions
5 122
4 670
13 689
-
accident
530
484
1 417
-
unemployment
1 224
1 116
3 272
-
surtax
-
-
-
-
payroll
1 224
1 116
5 999
-
other
1 938
1 766
8 726
-
total
11 744
10 708
38 025
-
Corporate
185 442
190 084
196 431
-
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.

46 360
47 521
49 108
-
total
46 360
47 521
49 108
-
Dividends
139 082
142 563
-
-
withholding
38 247
39 204
-
-
total
38 247
39 204
-
-
Income
238 000
238 000
238 000
238 000
Total tax
107 378
106 914
176 266
116 345
After tax
130 622
131 086
61 734
121 655
Living cost
29 787
29 787
29 787
29 787
Free-cash
100 835
101 299
31 947
91 868

Estimated living cost  is ₽29787 per week

₽17868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽214376
₽178676
₽223896
₽212178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 655
-
238 000
-
income
2 931
-
47 600
-
total
2 931
-
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%.

223 345
238 000
-
-
total
-
-
-
-
Dividends
223 345
238 000
-
-
withholding
11 167
11 900
-
-
total
11 167
11 900
-
-
Income
238 000
238 000
238 000
238 000
Total tax
14 098
11 900
47 600
2 380
After tax
223 902
226 100
190 400
235 620
Living cost
11 724
11 724
11 724
11 724
Free-cash
212 178
214 376
178 676
223 896

Estimated living cost  is ₽11724 per week

₽7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138821
₽77333
₽82502
₽131009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
63 216
unemployment
-
-
-
356
health
-
-
-
23 418
pensions
-
-
-
43 465
total
-
-
-
130 455
Employee

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

41 286
-
205 936
-
unemployment
58
-
289
-
pensions
6 400
-
31 920
-
income
7 120
-
58 048
-
health
2 667
-
13 303
-
total
16 245
-
103 560
-
Employer

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

41 286
-
205 936
-
health
2 750
-
13 715
-
pensions
3 653
-
18 225
-
unemployment
25
-
124
-
total
6 428
-
32 064
-
Corporate
190 286
238 000
-
-
income
36 155
45 219
-
-
total
36 155
45 219
-
-
Dividends
154 131
192 781
-
-
withholding
23 120
28 917
-
-
total
23 120
28 917
-
-
Income
238 000
238 000
238 000
238 000
Total tax
81 948
74 136
135 624
130 455
After tax
156 052
163 864
102 376
107 545
Living cost
25 043
25 043
25 043
25 043
Free-cash
131 009
138 821
77 333
82 502

Estimated living cost  is ₽25043 per week

₽17186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1605
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.
₽5767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104914
₽185955
₽124592
₽60945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
57 190
-
-
-
social contributions
4 690
-
668
-
income
12 615
-
-
-
total
17 305
-
668
-
Employer
57 190
-
-
-
social contributions
80 638
-
11 492
-
total
80 638
-
11 492
-
Corporate
100 172
238 000
-
-
income
22 038
52 360
-
-
total
22 038
52 360
-
-
Dividends
78 134
185 640
-
-
income
17 189
40 841
-
-
total
17 189
40 841
-
-
Income
238 000
238 000
238 000
238 000
Total tax
137 170
93 201
12 160
73 523
After tax
100 830
144 799
225 840
164 477
Living cost
39 885
39 885
39 885
39 885
Free-cash
60 945
104 914
185 955
124 592

Estimated living cost  is ₽39885 per week

₽25879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3751
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.
₽9747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106089
₽73827
₽93455
₽105148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 554
surtax
-
-
-
-
social contributions

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

-
-
-
82 705
total
-
-
-
115 259
Employee
42 941
-
192 324
-
surtax
-
-
735
-
social contributions
4 724
-
21 155
-
income
8 932
-
67 321
-
total
13 656
-
89 211
-
Employer
42 941
-
192 324
-
social contributions
10 198
-
45 676
-
total
10 198
-
45 676
-
Corporate
184 861
238 000
-
-
income
38 821
49 980
-
-
surtax
-
-
-
-
total
38 821
49 980
-
-
Dividends
146 039
188 020
-
-
withholding
40 891
52 645
-
-
total
40 891
52 645
-
-
Income
238 000
238 000
238 000
238 000
Total tax
103 566
102 625
134 887
115 259
After tax
134 434
135 375
103 113
122 741
Living cost
29 286
29 286
29 286
29 286
Free-cash
105 148
106 089
73 827
93 455

Estimated living cost  is ₽29286 per week

₽21912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74856
₽73974
₽82718
₽81276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48 240
other
-
-
-
7 378
surtax
-
-
-
-
social contributions
-
-
-
6 781
health
-
-
-
12 360
pensions
-
-
-
35 429
total
-
-
-
110 188
Employee
58 476
-
180 314
-
pensions
6 614
-
14 148
-
surtax
-
-
-
-
social contributions
1 665
-
5 138
-
income
5 102
-
41 964
-
total
13 381
-
61 250
-
Employer
58 476
-
180 314
-
health
4 093
-
18 589
-
pensions
9 608
-
23 530
-
unemployment
2 369
-
7 303
-
social contributions
175
-
540
-
other
2 018
-
7 720
-
total
18 263
-
57 682
-
Corporate
161 260
238 000
-
-
income
45 152
66 640
-
-
surtax
-
-
-
-
total
45 152
66 640
-
-
Dividends
116 108
171 360
-
-
surtax
-
-
-
-
social contributions
19 972
29 475
-
-
withholding
14 862
21 935
-
-
total
34 834
51 410
-
-
Income
238 000
238 000
238 000
238 000
Total tax
111 630
118 050
118 932
110 188
After tax
126 370
119 950
119 068
127 812
Living cost
45 094
45 094
45 094
45 094
Free-cash
81 276
74 856
73 974
82 718

Estimated living cost  is ₽45094 per week

₽30519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽618
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186135
₽151003
₽144680
₽182998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 895
social contributions
-
-
-
52 360
total
-
-
-
65 255
Employee
30 016
-
206 060
-
income
-
-
13 597
-
social contributions
1 951
-
13 395
-
total
1 951
-
26 992
-
Employer
30 016
-
206 060
-
social contributions
4 653
-
31 940
-
total
4 653
-
31 940
-
Corporate
203 331
238 000
-
-
income
20 333
23 800
-
-
total
20 333
23 800
-
-
Dividends
182 998
214 200
-
-
total
-
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
26 937
23 800
58 932
65 255
After tax
211 063
214 200
179 068
172 745
Living cost
28 065
28 065
28 065
28 065
Free-cash
182 998
186 135
151 003
144 680

Estimated living cost  is ₽28065 per week

₽18147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2116
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.
₽7275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽34567
₽34567
₽91152
₽17562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
18 975
municipal
-
-
-
51 760
national
-
-
-
30 337
pensions
-
-
-
809
total
-
-
-
101 881
Employee
189 796
189 796
189 796
-
municipal
40 416
40 416
40 416
-
labour market
15 162
15 162
15 162
-
pensions
270
270
270
-
national
23 187
23 187
23 187
-
total
79 035
79 035
79 035
-
Employer
189 796
189 796
189 796
-
national
23 227
23 227
23 227
-
labour market
15 184
15 184
15 184
-
pensions
540
540
540
-
municipal
40 480
40 480
40 480
-
total
79 431
79 431
79 431
-
Corporate
34 566
-
-
-
income
7 605
-
-
-
total
7 605
-
-
-
Dividends
26 962
-
-
-
withholding
9 400
-
-
-
total
9 400
-
-
-
Income
238 000
238 000
238 000
238 000
Total tax
175 471
158 466
158 466
101 881
After tax
62 529
79 534
79 534
136 119
Living cost
44 967
44 967
44 967
44 967
Free-cash
17 562
34 567
34 567
91 152

Estimated living cost  is ₽44967 per week

₽30776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽692
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽1255
₽111243
₽141909
₽16129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
68 961
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
75 558
Employee
32 300
-
218 559
-
pensions
3 637
-
7 227
-
income
4 431
-
54 531
-
health
3 699
-
25 025
-
total
11 767
-
86 783
-
Employer
32 300
-
218 559
-
pensions
5 252
-
10 436
-
accident
539
-
3 650
-
unemployment
791
-
5 355
-
total
6 582
-
19 441
-
Corporate
199 118
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.

179 206
214 200
-
-
total
179 206
214 200
-
-
Dividends
19 912
23 800
-
-
withholding
3 783
4 522
-
-
total
3 783
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
201 338
218 722
106 224
75 558
After tax
36 662
19 278
131 776
162 442
Living cost
20 533
20 533
20 533
20 533
Free-cash
16 129
-1 255
111 243
141 909

Estimated living cost  is ₽20533 per week

₽14946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107926
₽79717
₽106976
₽111607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 276
municipal
-
-
-
42 250
national
-
-
-
49 653
total
-
-
-
95 179
Employee
49 121
-
200 219
-
municipal
8 046
-
32 581
-
unemployment
737
-
3 003
-
pensions
3 315
-
13 515
-
national
811
-
32 865
-
health
367
-
2 693
-
total
13 276
-
84 657
-
Employer
49 121
-
200 219
-
health
377
-
1 541
-
pensions
8 522
-
34 738
-
accident
50
-
200
-
unemployment
319
-
1 302
-
total
9 268
-
37 781
-
Corporate
179 610
238 000
-
-
income
35 923
47 601
-
-
total
35 923
47 601
-
-
Dividends

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

107 766
142 800
-
-
municipal
19 397
25 703
-
-
national
12 684
20 925
-
-
total
32 081
46 628
-
-
Income
238 000
238 000
238 000
238 000
Total tax
90 548
94 229
122 438
95 179
After tax
147 452
143 771
115 562
142 821
Living cost
35 845
35 845
35 845
35 845
Free-cash
111 607
107 926
79 717
106 976

Estimated living cost  is ₽35845 per week

₽23414
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽151767
₽135479
₽137375
₽146686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 834
social contributions
-
-
-
15 106
health
-
-
-
6 068
total
-
-
-
79 008
Employee
71 793
71 793
225 785
-
social contributions
2 714
5 958
8 037
-
income
7 817
6 646
56 814
-
health
556
1 221
3 838
-
total
11 087
13 825
68 689
-
Employer
71 793
71 793
225 785
-
health
604
1 329
4 178
-
social contributions
2 714
5 958
8 037
-
total
3 318
7 287
12 215
-
Corporate
201 977
158 919
-
-
income
25 248
19 865
-
-
total
25 248
19 865
-
-
Dividends
176 729
139 054
-
-
withholding
30 044
23 639
-
-
total
30 044
23 639
-
-
Income
238 000
238 000
238 000
238 000
Total tax
69 697
64 616
80 904
79 008
After tax
168 303
173 384
157 096
158 992
Living cost
21 617
21 617
21 617
21 617
Free-cash
146 686
151 767
135 479
137 375

Estimated living cost  is ₽21617 per week

₽12955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2121
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.
₽6063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽182264
₽170284
₽189008
₽177515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 823
unemployment
-
-
-
27
health
-
-
-
3 379
pensions
-
-
-
5 939
total
-
-
-
34 168
Employee

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

21 431
-
228 875
-
unemployment
106
-
443
-
pensions
3 214
-
13 288
-
income
1 465
-
22 507
-
health
1 821
-
7 530
-
total
6 606
-
43 768
-
Employer

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

21 431
-
228 875
-
health
921
-
3 809
-
pensions
1 178
-
4 872
-
unemployment
106
-
443
-
total
2 205
-
9 124
-
Corporate
214 364
238 000
-
-
income
19 293
21 421
-
-
total
19 293
21 421
-
-
Dividends
195 071
216 579
-
-
withholding
17 557
19 491
-
-
total
17 557
19 491
-
-
Income
238 000
238 000
238 000
238 000
Total tax
45 661
40 912
52 892
34 168
After tax
192 339
197 088
185 108
203 832
Living cost
14 824
14 824
14 824
14 824
Free-cash
177 515
182 264
170 284
189 008

Estimated living cost  is ₽14824 per week

₽9458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽132082
₽103150
₽107066
₽127958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
79 297
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
105 260
Employee
34 523
-
210 412
-
other
34
-
87
-
unemployment
535
-
1 341
-
pensions
1 623
-
4 068
-
income
6 656
-
76 092
-
total
8 848
-
81 588
-
Employer
34 523
-
210 412
-
pensions
8 147
-
20 423
-
accident
684
-
1 713
-
unemployment
1 899
-
4 759
-
other
276
-
693
-
total
11 006
-
27 588
-
Corporate
192 471
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.

28 871
35 700
-
-
total
28 871
35 700
-
-
Dividends
163 600
202 300
-
-
withholding
35 643
44 544
-
-
total
35 643
44 544
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 368
80 244
109 176
105 260
After tax
153 632
157 756
128 824
132 740
Living cost
25 674
25 674
25 674
25 674
Free-cash
127 958
132 082
103 150
107 066

Estimated living cost  is ₽25674 per week

₽17330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽146621
₽151563
₽151699
₽146309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
82 031
health
-
-
-
1 000
pensions
-
-
-
1 379
total
-
-
-
84 410
Employee
2 880
-
236 448
-
unemployment
29
-
69
-
pensions
259
-
621
-
income
557
-
81 959
-
health
144
-
345
-
total
989
-
82 994
-
Employer
2 880
-
236 448
-
health
274
-
655
-
pensions
317
-
759
-
unemployment
58
-
138
-
total
649
-
1 552
-
Corporate
234 472
238 000
-
-
income
51 584
52 360
-
-
total
51 584
52 360
-
-
Dividends
182 888
185 640
-
-
withholding
36 578
37 128
-
-
total
36 578
37 128
-
-
Income
238 000
238 000
238 000
238 000
Total tax
89 800
89 488
84 546
84 410
After tax
148 200
148 512
153 454
153 590
Living cost
1 891
1 891
1 891
1 891
Free-cash
146 309
146 621
151 563
151 699

Estimated living cost  is ₽1891 per week

₽1124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽155809
₽140172
₽140172
₽151214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
55 600
unemployment
-
-
-
1 035
health
-
-
-
7 107
pensions
-
-
-
17 940
total
-
-
-
81 682
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

24 348
-
225 649
-
unemployment
183
-
517
-
pensions
3 409
-
9 660
-
income
3 356
-
55 600
-
health
1 254
-
3 554
-
total
8 202
-
69 331
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

24 348
-
225 649
-
health
1 254
-
3 554
-
pensions
2 922
-
8 280
-
unemployment
183
-
517
-
total
4 359
-
12 351
-
Corporate
209 294
238 000
-
-
income
31 394
35 700
-
-
total
31 394
35 700
-
-
Dividends
177 900
202 300
-
-
withholding
26 685
30 345
-
-
total
26 685
30 345
-
-
Income
238 000
238 000
238 000
238 000
Total tax
70 640
66 045
81 682
81 682
After tax
167 360
171 955
156 318
156 318
Living cost
16 147
16 147
16 147
16 147
Free-cash
151 214
155 809
140 172
140 172

Estimated living cost  is ₽16147 per week

₽10871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110204
₽77942
₽97570
₽109866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 554
surtax
-
-
-
-
social contributions

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

-
-
-
82 705
total
-
-
-
115 259
Employee
36 237
-
192 324
-
surtax
-
-
735
-
social contributions
3 987
-
21 155
-
income
7 081
-
67 321
-
total
11 068
-
89 211
-
Employer
36 237
-
192 324
-
social contributions
8 606
-
45 676
-
total
8 606
-
45 676
-
Corporate
193 157
238 000
-
-
income
40 563
49 980
-
-
surtax
-
-
-
-
total
40 563
49 980
-
-
Dividends
152 594
188 020
-
-
withholding
42 726
52 645
-
-
total
42 726
52 645
-
-
Income
238 000
238 000
238 000
238 000
Total tax
102 963
102 625
134 887
115 259
After tax
135 037
135 375
103 113
122 741
Living cost
25 171
25 171
25 171
25 171
Free-cash
109 866
110 204
77 942
97 570

Estimated living cost  is ₽25171 per week

₽17828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124943
₽96011
₽99927
₽118835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
780
income
-
-
-
79 297
other
-
-
-
87
unemployment
-
-
-
606
pensions
-
-
-
24 490
total
-
-
-
105 260
Employee
45 091
-
210 412
-
other
44
-
87
-
unemployment
698
-
1 341
-
pensions
2 119
-
4 068
-
income
9 418
-
76 092
-
total
12 279
-
81 588
-
Employer
45 091
-
210 412
-
pensions
10 641
-
20 423
-
accident
893
-
1 713
-
unemployment
2 480
-
4 759
-
other
361
-
693
-
total
14 375
-
27 588
-
Corporate
178 533
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.

26 780
35 700
-
-
total
26 780
35 700
-
-
Dividends
151 752
202 300
-
-
withholding
32 918
44 544
-
-
total
32 918
44 544
-
-
Income
238 000
238 000
238 000
238 000
Total tax
86 352
80 244
109 176
105 260
After tax
151 648
157 756
128 824
132 740
Living cost
32 813
32 813
32 813
32 813
Free-cash
118 835
124 943
96 011
99 927

Estimated living cost  is ₽32813 per week

₽23565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽187426
₽187651
₽177527
₽181734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
130
health
-
-
-
3 751
pensions

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

-
-
-
4 828
total
-
-
-
44 409
Employee
21 272
-
231 600
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

1 867
-
2 864
-
income
2 128
-
23 160
-
health
979
-
1 501
-
total
5 208
-
27 884
-
Employer
21 272
-
231 600
-
health
1 468
-
2 251
-
pensions

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

2 344
-
3 595
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
unemployment
128
-
196
-
total
4 174
-
6 401
-
Corporate
212 555
238 000
-
-
income
21 255
23 800
-
-
total
21 255
23 800
-
-
Dividends
191 299
214 200
-
-
withholding
9 565
10 710
-
-
total
9 565
10 710
-
-
Income
238 000
238 000
238 000
238 000
Total tax
40 202
34 510
34 285
44 409
After tax
197 798
203 490
203 715
193 591
Living cost
16 064
16 064
16 064
16 064
Free-cash
181 734
187 426
187 651
177 527

Estimated living cost  is ₽16064 per week

₽10625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86320
₽109358
₽81435
₽98534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
81 723
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.

-
-
-
4 495
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.

-
-
-
6 378
trade
-
-
-
27 923
total
-
-
-
120 519
Employee

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

46 455
-
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.

211
-
4 495
-
income

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

3 820
-
81 723
-
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.

6 378
-
6 378
-
total
10 409
-
92 596
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
191 545
238 000
-
-
income
28 731
35 700
-
-
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.

1 580
1 963
-
-
chamber of commerce
423
491
-
-
trade
27 487
34 153
-
-
total
58 221
72 307
-
-
Dividends
133 323
165 694
-
-
surtax

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

1 814
2 259
-
-
withholding
32 976
41 068
-
-
total
34 790
43 327
-
-
Income
238 000
238 000
238 000
238 000
Total tax
103 420
115 634
92 596
120 519
After tax
134 580
122 366
145 404
117 481
Living cost
36 046
36 046
36 046
36 046
Free-cash
98 534
86 320
109 358
81 435

Estimated living cost  is ₽36046 per week

₽24865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113416
₽63638
₽63638
₽115476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 767
social contributions
-
-
-
41 410
total
-
-
-
121 177
Employee
73 032
-
238 000
-
income
13 781
-
79 767
-
social contributions
6 067
-
41 410
-
total
19 848
-
121 177
-
Employer
73 032
-
238 000
-
total
-
-
-
-
Corporate
164 968
238 000
-
-
income
20 622
29 750
-
-
total
20 622
29 750
-
-
Dividends
144 346
208 250
-
-
withholding
28 869
41 649
-
-
total
28 869
41 649
-
-
Income
238 000
238 000
238 000
238 000
Total tax
69 339
71 399
121 177
121 177
After tax
168 661
166 601
116 823
116 823
Living cost
53 185
53 185
53 185
53 185
Free-cash
115 476
113 416
63 638
63 638

Estimated living cost  is ₽53185 per week

₽40462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115875
₽130843
₽162751
₽119139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 657
total
-
-
-
41 357
Employee
42 830
-
233 705
-
income
4 647
-
64 675
-
social contributions
4 291
-
4 295
-
total
8 938
-
68 970
-
Employer
42 830
-
233 705
-
social contributions
4 291
-
4 295
-
total
4 291
-
4 295
-
Corporate
190 878
238 000
-
-
income
66 807
83 300
-
-
total
66 807
83 300
-
-
Dividends
124 072
154 700
-
-
social contributions
4 933
4 933
-
-
total
4 933
4 933
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 969
88 233
73 265
41 357
After tax
153 031
149 767
164 735
196 643
Living cost
33 892
33 892
33 892
33 892
Free-cash
119 139
115 875
130 843
162 751

Estimated living cost  is ₽33892 per week

₽22324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2672
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.
₽8375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113106
₽96383
₽117520
₽118660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
75 754
pensions
-
-
-
9 893
total
-
-
-
85 647
Employee
47 813
-
207 232
-
pensions
3 649
-
11 636
-
income
8 707
-
61 660
-
health
624
-
2 722
-
total
12 980
-
76 018
-
Employer
47 813
-
207 232
-
health
909
-
3 936
-
pensions
4 831
-
26 830
-
total
5 740
-
30 766
-
Corporate
184 448
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.

35 045
45 221
-
-
total
35 045
45 221
-
-
Dividends
149 402
192 779
-
-
withholding
30 742
44 840
-
-
total
30 742
44 840
-
-
Income
238 000
238 000
238 000
238 000
Total tax
84 507
90 061
106 784
85 647
After tax
153 493
147 939
131 216
152 353
Living cost
34 833
34 833
34 833
34 833
Free-cash
118 660
113 106
96 383
117 520

Estimated living cost  is ₽34833 per week

₽23895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3203
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽3288
₽109210
₽139876
₽15815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
239
income
-
-
-
68 961
other
-
-
-
351
health
-
-
-
2 066
pensions
-
-
-
3 941
total
-
-
-
75 558
Employee
35 497
-
218 559
-
pensions
3 997
-
7 227
-
income
4 870
-
54 531
-
health
4 064
-
25 025
-
total
12 931
-
86 783
-
Employer
35 497
-
218 559
-
pensions
5 772
-
10 436
-
accident
593
-
3 650
-
unemployment
870
-
5 355
-
total
7 235
-
19 441
-
Corporate
195 269
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.

175 743
214 200
-
-
total
175 743
214 200
-
-
Dividends
19 527
23 800
-
-
withholding
3 710
4 522
-
-
total
3 710
4 522
-
-
Income
238 000
238 000
238 000
238 000
Total tax
199 619
218 722
106 224
75 558
After tax
38 381
19 278
131 776
162 442
Living cost
22 566
22 566
22 566
22 566
Free-cash
15 815
-3 288
109 210
139 876

Estimated living cost  is ₽22566 per week

₽16561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽169457
₽164502
₽143968
₽166632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
40 352
unemployment
-
-
-
1 792
work injury
-
-
-
747
health insurance
-
-
-
11 051
pensions
-
-
-
27 477
total
-
-
-
81 419
Employee

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

20 181
-
238 000
-
health insurance
1 493
-
5 525
-
unemployment
242
-
896
-
work injury
101
-
373
-
pensions
3 713
-
13 739
-
income
2 018
-
40 352
-
total
7 567
-
60 885
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
217 819
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%.

21 782
23 800
-
-
total
21 782
23 800
-
-
Dividends
196 037
214 200
-
-
withholding
29 406
32 130
-
-
total
29 406
32 130
-
-
Income
238 000
238 000
238 000
238 000
Total tax
58 755
55 930
60 885
81 419
After tax
179 245
182 070
177 115
156 581
Living cost
12 613
12 613
12 613
12 613
Free-cash
166 632
169 457
164 502
143 968

Estimated living cost  is ₽12613 per week

₽7814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88168
₽68483
₽76153
₽83920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
46 729
regional
-
-
-
6 057
municipal
-
-
-
1 722
national
-
-
-
70 145
total
-
-
-
124 653
Employee
78 675
-
238 000
-
municipal
470
-
1 591
-
national
13 295
-
63 896
-
regional
1 188
-
5 573
-
social contributions
26 529
-
61 263
-
total
41 482
-
132 323
-
Employer
78 675
-
238 000
-
total
-
-
-
-
Corporate
159 325
238 000
-
-
municipal
7 679
11 472
-
-
nationa
38 239
57 120
-
-
total
45 918
68 592
-
-
Dividends
113 407
169 407
-
-
withholding
29 486
44 046
-
-
total
29 486
44 046
-
-
Income
238 000
238 000
238 000
238 000
Total tax
116 886
112 638
132 323
124 653
After tax
121 114
125 362
105 677
113 347
Living cost
37 194
37 194
37 194
37 194
Free-cash
83 920
88 168
68 483
76 153

Estimated living cost  is ₽37194 per week

₽26127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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