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
₽ 240000
per

Your estimated
City
free-cash

Dresden , Germany
₽86712
₽117228
₽101812
₽90808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
trade
-
-
-
30 516
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.

-
-
-
6 796
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.

-
-
-
81 369
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.

-
-
-
4 476
total
-
-
-
123 157
Employee

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

38 048
-
240 000
-
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.

59
-
4 476
-
income

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

1 063
-
81 369
-
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.

6 796
-
6 796
-
total
7 918
-
92 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
201 952
240 000
-
-
trade
31 807
37 801
-
-
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.

1 667
1 980
-
-
income
30 293
36 000
-
-
chamber of commerce
442
496
-
-
total
64 209
76 277
-
-
Dividends
137 743
163 723
-
-
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.

1 873
2 231
-
-
withholding
34 057
40 553
-
-
total
35 930
42 784
-
-
Income
240 000
240 000
240 000
240 000
Total tax
108 057
119 061
92 641
123 157
After tax
131 943
120 939
147 359
116 843
Living cost
30 131
30 131
30 131
30 131
Free-cash
101 812
90 808
117 228
86 712

Estimated living cost  is ₽30131 per week

₽18953
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85276
₽86564
₽98735
₽99568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
2 580
municipal
-
-
-
26 756
national
-
-
-
46 396
pensions
-
-
-
28 800
total
-
-
-
104 532
Employee
77 807
-
207 478
-
pensions
3 112
-
8 299
-
national
14 892
-
48 431
-
municipal
9 610
-
27 686
-
total
27 614
-
84 416
-
Employer
77 807
-
207 478
-
pensions
6 225
-
16 598
-
social contributions
836
-
2 230
-
total
7 061
-
18 828
-
Corporate
149 997
240 000
-
-
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%.

29 999
48 000
-
-
total
29 999
48 000
-
-
Dividends
119 997
192 000
-
-
withholding
26 399
42 240
-
-
total
26 399
42 240
-
-
Income
240 000
240 000
240 000
240 000
Total tax
91 073
90 240
103 244
104 532
After tax
148 927
149 760
136 756
135 468
Living cost
50 192
50 192
50 192
50 192
Free-cash
98 735
99 568
86 564
85 276

Estimated living cost  is ₽50192 per week

₽34115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽751
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽67690
₽84502
₽163145
₽171304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
social contributions

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

-
-
-
38 114
income
-
-
-
52 300
microenterprise
-
-
-
-
surtax
-
-
-
61 200
total
-
-
-
151 614
Employee
29 068
-
190 486
-
income
5 174
-
44 627
-
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.

3 198
-
13 041
-
surtax
-
-
27 620
-
total
8 372
-
85 288
-
Employer
29 068
-
190 486
-
social contributions

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

7 002
-
28 560
-
surtax
-
-
20 954
-
total
7 002
-
49 514
-
Corporate
203 930
240 000
-
-
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%.

40 785
48 000
-
-
total
40 785
48 000
-
-
Dividends

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

163 145
192 000
-
-
total
-
-
-
-
Income
240 000
240 000
240 000
240 000
Total tax
56 159
48 000
134 802
151 614
After tax
183 841
192 000
105 198
88 386
Living cost
20 696
20 696
20 696
20 696
Free-cash
163 145
171 304
84 502
67 690

Estimated living cost  is ₽20696 per week

₽13203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86320
₽111790
₽72019
₽78116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
health
-
-
-
12 267
income
-
-
-
88 085
pensions
-
-
-
11 655
total
-
-
-
112 007
Employee
84 950
84 950
221 513
-
income

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

13 905
13 905
44 128
-
pensions
15 291
11 655
11 655
-
health
13 039
11 091
12 267
-
total
42 235
36 651
68 050
-
Employer
84 950
84 950
221 513
-
pensions
5 913
5 913
7 349
-
health
5 905
5 905
7 338
-
unemployment
3 058
3 058
3 800
-
total
14 876
14 876
18 487
-
Corporate
141 217
140 175
-
-
income
28 243
28 035
-
-
total
28 243
28 035
-
-
Dividends
112 974
112 139
-
-
withholding
16 947
16 820
-
-
income
24 007
23 829
-
-
total
40 954
40 649
-
-
Income
240 000
240 000
240 000
240 000
Total tax
126 308
120 211
86 537
112 007
After tax
113 692
119 789
153 463
127 993
Living cost
41 673
41 673
41 673
41 673
Free-cash
72 019
78 116
111 790
86 320

Estimated living cost  is ₽41673 per week

₽29532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽663
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80517
₽79586
₽91816
₽92676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
9 770
unemployment
-
-
-
84
accident
-
-
-
168
municipal
-
-
-
64 304
health
-
-
-
5 247
national
-
-
-
32 457
pensions
-
-
-
9 089
total
-
-
-
121 119
Employee
54 665
-
213 582
-
national
-
-
31 942
-
municipal
16 301
-
63 690
-
total
16 301
-
95 632
-
Employer
54 665
-
213 582
-
pensions
5 909
-
9 089
-
other
6 352
-
9 770
-
accident
109
-
168
-
health
3 362
-
5 171
-
unemployment
1 443
-
2 220
-
total
17 175
-
26 418
-
Corporate
168 159
240 000
-
-
income
36 995
52 800
-
-
total
36 995
52 800
-
-
Dividends
131 164
187 200
-
-
withholding
39 349
56 160
-
-
total
39 349
56 160
-
-
Income
240 000
240 000
240 000
240 000
Total tax
109 820
108 960
122 050
121 119
After tax
130 180
131 040
117 950
118 881
Living cost
38 364
38 364
38 364
38 364
Free-cash
91 816
92 676
79 586
80 517

Estimated living cost  is ₽38364 per week

₽25426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽76409
₽108280
₽94603
₽80626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
trade
-
-
-
31 871
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.

-
-
-
6 796
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.

-
-
-
81 369
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.

-
-
-
4 476
total
-
-
-
124 512
Employee

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

50 447
-
240 000
-
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.

238
-
4 476
-
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.

4 334
-
81 369
-
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.

6 796
-
6 796
-
total
11 368
-
92 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
189 553
240 000
-
-
trade
31 182
39 481
-
-
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.

1 563
1 980
-
-
income
28 434
36 000
-
-
chamber of commerce
421
493
-
-
total
61 600
77 954
-
-
Dividends
127 953
162 046
-
-
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.

1 739
2 207
-
-
withholding
31 611
40 134
-
-
total
33 350
42 341
-
-
Income
240 000
240 000
240 000
240 000
Total tax
106 318
120 295
92 641
124 512
After tax
133 682
119 705
147 359
115 488
Living cost
39 079
39 079
39 079
39 079
Free-cash
94 603
80 626
108 280
76 409

Estimated living cost  is ₽39079 per week

₽26136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128532
₽126597
₽138480
₽142603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
16 095
health
-
-
-
6 120
income
-
-
-
56 988
total
-
-
-
79 203
Employee
76 493
76 493
227 233
-
income
8 032
7 081
55 946
-
social contributions
3 717
6 349
8 563
-
health
761
1 301
3 862
-
total
12 510
14 731
68 371
-
Employer
76 493
76 493
227 233
-
health
829
1 416
4 204
-
social contributions
3 717
6 349
8 563
-
total
4 546
7 765
12 767
-
Corporate
190 679
155 742
-
-
income
23 835
19 469
-
-
total
23 835
19 469
-
-
Dividends
166 844
136 274
-
-
withholding
28 364
23 167
-
-
total
28 364
23 167
-
-
Income
240 000
240 000
240 000
240 000
Total tax
69 255
65 132
81 138
79 203
After tax
170 745
174 868
158 862
160 797
Living cost
32 265
32 265
32 265
32 265
Free-cash
138 480
142 603
126 597
128 532

Estimated living cost  is ₽32265 per week

₽22057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽147966
₽120835
₽116774
₽116394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
unemployment
-
-
-
3 600
health
-
-
-
16 800
income
-
-
-
29 340
pensions
-
-
-
24 000
total
-
-
-
73 740
Employee

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

The minimum wage is 138,000 HUF per month.

26 408
10 510
200 837
-
income
3 228
1 285
24 552
-
pensions
2 641
1 051
20 084
-
unemployment
396
158
3 013
-
health
1 849
736
14 059
-
total
8 114
3 230
61 708
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 408
10 510
200 837
-
pensions
5 150
2 049
39 163
-
total
5 150
2 049
39 163
-
Corporate
208 443
227 441
-
-
income
18 760
20 470
-
-
total
18 760
20 470
-
-
Dividends
189 683
206 971
-
-
social contributions
36 868
40 239
-
-
withholding
36 040
39 324
-
-
total
72 908
79 563
-
-
Income
240 000
240 000
240 000
240 000
Total tax
104 932
105 312
100 871
73 740
After tax
135 068
134 688
139 129
166 260
Living cost
18 294
18 294
18 294
18 294
Free-cash
116 774
116 394
120 835
147 966

Estimated living cost  is ₽18294 per week

₽12484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1497
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104616
₽114305
₽161795
₽167973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
health
-
-
-
31 199
income
-
-
-
32 160
pensions
-
-
-
47 998
total
-
-
-
111 357
Employee
28 220
-
179 372
-
income
3 177
-
34 584
-
pensions
564
-
3 587
-
unemployment
451
-
2 869
-
total
4 192
-
41 040
-
Employer
28 220
-
179 372
-
pensions
5 644
-
35 875
-
health
3 668
-
23 318
-
unemployment
227
-
1 435
-
total
9 539
-
60 628
-
Corporate
202 241
240 000
-
-
income
40 447
48 000
-
-
total
40 447
48 000
-
-
Dividends
161 793
192 000
-
-
total
-
-
-
-
Income
240 000
240 000
240 000
240 000
Total tax
54 178
48 000
101 668
111 357
After tax
185 822
192 000
138 332
128 643
Living cost
24 027
24 027
24 027
24 027
Free-cash
161 795
167 973
114 305
104 616

Estimated living cost  is ₽24027 per week

₽16480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141964
₽110779
₽16087
-₽2426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
368
accident
-
-
-
251
health
-
-
-
2 168
income
-
-
-
69 247
pensions
-
-
-
4 136
total
-
-
-
76 170
Employee
34 397
-
219 986
-
income
4 719
-
54 571
-
pensions
3 873
-
7 583
-
health
3 938
-
25 188
-
total
12 530
-
87 342
-
Employer
34 397
-
219 986
-
pensions
5 593
-
10 950
-
accident
574
-
3 674
-
unemployment
843
-
5 389
-
total
7 010
-
20 013
-
Corporate
198 593
240 000
-
-
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.

178 734
216 000
-
-
total
178 734
216 000
-
-
Dividends
19 859
24 000
-
-
withholding
3 773
4 560
-
-
total
3 773
4 560
-
-
Income
240 000
240 000
240 000
240 000
Total tax
202 047
220 560
107 355
76 170
After tax
37 953
19 440
132 645
163 830
Living cost
21 866
21 866
21 866
21 866
Free-cash
16 087
-2 426
110 779
141 964

Estimated living cost  is ₽21866 per week

₽16026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽228640
₽183040
₽217360
₽219040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
240 000
microenterprise

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

-
-
-
2 400
total
-
-
-
2 400
Employee
11 200
-
240 000
-
income
2 240
-
48 000
-
total
2 240
-
48 000
-
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%.

228 800
240 000
-
-
total
-
-
-
-
Dividends
228 800
240 000
-
-
withholding
11 440
12 000
-
-
total
11 440
12 000
-
-
Income
240 000
240 000
240 000
240 000
Total tax
13 680
12 000
48 000
2 400
After tax
226 320
228 000
192 000
237 600
Living cost
8 960
8 960
8 960
8 960
Free-cash
217 360
219 040
183 040
228 640

Estimated living cost  is ₽8960 per week

₽5553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽120091
₽118148
₽143100
₽149820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
7 185
health
-
-
-
6 656
income
-
-
-
43 255
pensions

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

-
-
-
36 306
total
-
-
-
93 402
Employee
36 119
-
201 478
-
income
6 218
-
42 605
-
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.

2 528
-
10 589
-
unemployment
361
-
1 512
-
health
506
-
2 118
-
total
9 613
-
56 824
-
Employer
36 119
-
201 478
-
pensions

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

6 141
-
25 717
-
other
1 807
-
7 562
-
accident
289
-
1 612
-
health
506
-
2 118
-
unemployment
361
-
1 512
-
total
9 104
-
38 521
-
Corporate
194 778
240 000
-
-
income
40 904
50 400
-
-
total
40 904
50 400
-
-
Dividends
153 874
189 600
-
-
withholding
10 772
13 273
-
-
total
10 772
13 273
-
-
Income
240 000
240 000
240 000
240 000
Total tax
70 393
63 673
95 345
93 402
After tax
169 607
176 327
144 655
146 598
Living cost
26 507
26 507
26 507
26 507
Free-cash
143 100
149 820
118 148
120 091

Estimated living cost  is ₽26507 per week

₽18729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1790
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87558
₽66191
₽91452
₽83410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
income
-
-
-
75 403
pensions
-
-
-
10 265
total
-
-
-
85 668
Employee
94 475
-
209 062
-
income
17 030
-
61 157
-
pensions
9 114
-
12 158
-
health
1 557
-
2 782
-
total
27 701
-
76 097
-
Employer
94 475
-
209 062
-
pensions
11 155
-
26 967
-
health
1 794
-
3 971
-
total
12 949
-
30 938
-
Corporate
132 576
240 000
-
-
income

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

25 190
45 600
-
-
total
25 190
45 600
-
-
Dividends
107 385
194 400
-
-
withholding
15 934
44 216
-
-
total
15 934
44 216
-
-
Income
240 000
240 000
240 000
240 000
Total tax
81 774
89 816
107 035
85 668
After tax
158 226
150 184
132 965
154 332
Living cost
66 774
66 774
66 774
66 774
Free-cash
91 452
83 410
66 191
87 558

Estimated living cost  is ₽66774 per week

₽50035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽181703
₽191815
₽187554
₽192171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
unemployment
-
-
-
139
health
-
-
-
3 992
income
-
-
-
36 000
pensions

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

-
-
-
5 137
total
-
-
-
45 268
Employee
17 253
-
233 190
-
income
1 725
-
23 319
-
pensions

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

1 515
-
3 048
-
health
794
-
1 597
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
total
4 224
-
28 346
-
Employer
17 253
-
233 190
-
pensions

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

1 901
-
3 825
-
accident

We are using the highest rate at 1.1%.

190
-
382
-
health
1 191
-
2 395
-
unemployment
103
-
208
-
total
3 385
-
6 810
-
Corporate
219 362
240 000
-
-
income
21 936
24 000
-
-
total
21 936
24 000
-
-
Dividends
197 426
216 000
-
-
withholding
9 872
10 800
-
-
total
9 872
10 800
-
-
Income
240 000
240 000
240 000
240 000
Total tax
39 417
34 800
35 156
45 268
After tax
200 583
205 200
204 844
194 732
Living cost
13 029
13 029
13 029
13 029
Free-cash
187 554
192 171
191 815
181 703

Estimated living cost  is ₽13029 per week

₽7607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72831
₽98301
₽67128
₽64627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
health
-
-
-
12 267
income
-
-
-
88 085
pensions
-
-
-
11 655
total
-
-
-
112 007
Employee
92 228
84 950
221 513
-
income

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

13 905
13 905
44 128
-
pensions
11 655
11 655
11 655
-
health
11 506
11 091
12 267
-
total
37 066
36 651
68 050
-
Employer
92 228
84 950
221 513
-
pensions
6 418
5 913
7 349
-
health
6 409
5 905
7 338
-
unemployment
3 321
3 058
3 800
-
total
16 148
14 876
18 487
-
Corporate
131 624
140 175
-
-
income
26 325
28 035
-
-
total
26 325
28 035
-
-
Dividends
105 299
112 139
-
-
withholding
15 795
16 820
-
-
income
22 376
23 829
-
-
total
38 171
40 649
-
-
Income
240 000
240 000
240 000
240 000
Total tax
117 710
120 211
86 537
112 007
After tax
122 290
119 789
153 463
127 993
Living cost
55 162
55 162
55 162
55 162
Free-cash
67 128
64 627
98 301
72 831

Estimated living cost  is ₽55162 per week

₽40691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽632
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽119186
₽108460
₽132612
₽141193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
34 602
health
-
-
-
32 400
income
-
-
-
25 950
solidarity contribution
-
-
-
3 815
total
-
-
-
96 767
Employee
35 363
-
193 005
-
income
4 244
-
23 887
-
solidarity contribution
-
-
2 852
-
social contributions
2 299
-
7 703
-
health
4 774
-
26 056
-
total
11 317
-
60 498
-
Employer
35 363
-
193 005
-
health
3 183
-
17 370
-
social contributions
8 841
-
29 625
-
total
12 024
-
46 995
-
Corporate
192 614
240 000
-
-
income
36 597
45 600
-
-
total
36 597
45 600
-
-
Dividends
156 018
194 400
-
-
withholding
23 403
29 160
-
-
total
23 403
29 160
-
-
Income
240 000
240 000
240 000
240 000
Total tax
83 341
74 760
107 493
96 767
After tax
156 659
165 240
132 507
143 233
Living cost
24 047
24 047
24 047
24 047
Free-cash
132 612
141 193
108 460
119 186

Estimated living cost  is ₽24047 per week

₽16703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74704
₽66272
₽80880
₽86073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
49 788
municipal
-
-
-
1 522
national
-
-
-
68 898
regional
-
-
-
3 112
total
-
-
-
123 320
Employee
88 409
-
240 000
-
national
15 319
-
62 240
-
social contributions
29 812
-
65 273
-
municipal
468
-
1 397
-
regional
834
-
2 842
-
total
46 433
-
131 752
-
Employer
88 409
-
240 000
-
total
-
-
-
-
Corporate
151 591
240 000
-
-
nationa
36 381
57 600
-
-
municipal
5 913
9 360
-
-
total
42 294
66 960
-
-
Dividends
109 297
173 041
-
-
withholding
28 417
44 991
-
-
total
28 417
44 991
-
-
Income
240 000
240 000
240 000
240 000
Total tax
117 144
111 951
131 752
123 320
After tax
122 856
128 049
108 248
116 680
Living cost
41 976
41 976
41 976
41 976
Free-cash
80 880
86 073
66 272
74 704

Estimated living cost  is ₽41976 per week

₽29260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽644
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90764
₽84680
₽125914
₽129009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
-
unemployment
-
-
-
227
health
-
-
-
9 426
income
-
-
-
77 738
surtax
-
-
-
13 341
pensions
-
-
-
26 553
total
-
-
-
127 285
Employee
32 897
-
212 053
-
income
5 514
-
71 788
-
pensions
2 194
-
8 856
-
unemployment
2 290
-
9 241
-
health
840
-
3 385
-
other
-
-
-
-
surtax
108
-
12 152
-
total
10 946
-
105 422
-
Employer
32 897
-
212 053
-
pensions
4 385
-
17 698
-
other
-
-
-
-
health
1 497
-
6 041
-
unemployment
1 042
-
4 208
-
total
6 924
-
27 947
-
Corporate
200 179
240 000
-
-
income
52 046
62 400
-
-
total
52 046
62 400
-
-
Dividends
148 133
177 600
-
-
withholding
22 219
26 640
-
-
total
22 219
26 640
-
-
Income
240 000
240 000
240 000
240 000
Total tax
92 135
89 040
133 369
127 285
After tax
147 865
150 960
106 631
112 715
Living cost
21 951
21 951
21 951
21 951
Free-cash
125 914
129 009
84 680
90 764

Estimated living cost  is ₽21951 per week

₽13422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2026
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108714
₽87347
₽111162
₽104566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
income
-
-
-
75 403
pensions
-
-
-
10 265
total
-
-
-
85 668
Employee
63 315
-
209 062
-
income
11 403
-
61 157
-
pensions
5 374
-
12 158
-
health
919
-
2 782
-
total
17 696
-
76 097
-
Employer
63 315
-
209 062
-
pensions
6 854
-
26 967
-
health
1 203
-
3 971
-
total
8 057
-
30 938
-
Corporate
168 629
240 000
-
-
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.

32 040
45 600
-
-
total
32 040
45 600
-
-
Dividends
136 589
194 400
-
-
withholding
25 427
44 216
-
-
total
25 427
44 216
-
-
Income
240 000
240 000
240 000
240 000
Total tax
83 220
89 816
107 035
85 668
After tax
156 780
150 184
132 965
154 332
Living cost
45 618
45 618
45 618
45 618
Free-cash
111 162
104 566
87 347
108 714

Estimated living cost  is ₽45618 per week

₽34177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7544
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽113683
₽106058
₽66674
₽34463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
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.

-
-
-
4 799
health
-
-
-
539
city
-
-
-
2 529
national
-
-
-
7 096
regional
-
-
-
13 989
pensions
-
-
-
22 081
total
-
-
-
51 033
Employee
88 102
-
216 470
-
pensions
7 402
-
16 333
-
national
417
-
5 816
-
unemployment
-
-
-
-
city
946
-
2 347
-
health
199
-
487
-
regional
2 885
-
12 526
-
total
11 849
-
37 509
-
Employer
88 102
-
216 470
-
pensions
7 402
-
16 333
-
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.

1 761
-
4 329
-
health
199
-
487
-
unemployment
-
-
-
-
total
9 362
-
21 149
-
Corporate
141 567
240 000
-
-
regional
29 941
50 760
-
-
national
12 033
20 399
-
-
total
41 974
71 159
-
-
Dividends
99 593
168 840
-
-
withholding
34 857
59 094
-
-
total
34 857
59 094
-
-
Income
240 000
240 000
240 000
240 000
Total tax
98 042
130 253
58 658
51 033
After tax
141 958
109 747
181 342
188 967
Living cost
75 284
75 284
75 284
75 284
Free-cash
66 674
34 463
106 058
113 683

Estimated living cost  is ₽75284 per week

₽48956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6756
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽924
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽68559
₽101788
₽89032
₽72902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
trade
-
-
-
33 229
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.

-
-
-
6 796
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.

-
-
-
81 369
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.

-
-
-
4 476
total
-
-
-
125 870
Employee

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

59 784
-
240 000
-
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.

387
-
4 476
-
income

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

7 030
-
81 369
-
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.

6 796
-
6 796
-
total
14 213
-
92 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
180 216
240 000
-
-
trade
30 907
41 159
-
-
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.

1 488
1 980
-
-
income
27 033
36 000
-
-
chamber of commerce
404
489
-
-
total
59 832
79 628
-
-
Dividends
120 385
160 372
-
-
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.

1 635
2 184
-
-
withholding
29 717
39 715
-
-
total
31 352
41 899
-
-
Income
240 000
240 000
240 000
240 000
Total tax
105 397
121 527
92 641
125 870
After tax
134 603
118 473
147 359
114 130
Living cost
45 571
45 571
45 571
45 571
Free-cash
89 032
72 902
101 788
68 559

Estimated living cost  is ₽45571 per week

₽33283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽593
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽95890
₽87831
₽92800
₽86924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
7 440
social contributions
-
-
-
6 839
health
-
-
-
12 170
income
-
-
-
47 005
surtax
-
-
-
-
pensions
-
-
-
36 621
total
-
-
-
110 075
Employee
42 575
-
182 357
-
income
2 513
-
41 207
-
pensions
4 814
-
14 087
-
social contributions
1 214
-
5 197
-
surtax
-
-
-
-
total
8 541
-
60 491
-
Employer
42 575
-
182 357
-
pensions
6 994
-
23 462
-
other
1 469
-
7 712
-
health
2 981
-
18 537
-
unemployment
1 724
-
7 385
-
social contributions
128
-
547
-
total
13 296
-
57 643
-
Corporate
184 130
240 000
-
-
surtax
-
-
-
-
income
51 557
67 201
-
-
total
51 557
67 201
-
-
Dividends
132 573
172 799
-
-
surtax
-
-
-
-
social contributions
22 802
29 721
-
-
withholding
16 969
22 119
-
-
total
39 771
51 840
-
-
Income
240 000
240 000
240 000
240 000
Total tax
113 165
119 041
118 134
110 075
After tax
126 835
120 959
121 866
129 925
Living cost
34 035
34 035
34 035
34 035
Free-cash
92 800
86 924
87 831
95 890

Estimated living cost  is ₽34035 per week

₽21460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99263
₽91204
₽95824
₽90297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
7 440
social contributions
-
-
-
6 839
health
-
-
-
12 170
income
-
-
-
47 005
surtax
-
-
-
-
pensions
-
-
-
36 621
total
-
-
-
110 075
Employee
38 004
-
182 357
-
income
1 960
-
41 207
-
pensions
4 298
-
14 087
-
social contributions
1 084
-
5 197
-
surtax
-
-
-
-
total
7 342
-
60 491
-
Employer
38 004
-
182 357
-
pensions
6 245
-
23 462
-
other
1 312
-
7 712
-
health
2 660
-
18 537
-
unemployment
1 539
-
7 385
-
social contributions
113
-
547
-
total
11 869
-
57 643
-
Corporate
190 128
240 000
-
-
surtax
-
-
-
-
income
53 235
67 201
-
-
total
53 235
67 201
-
-
Dividends
136 892
172 799
-
-
surtax
-
-
-
-
social contributions
23 546
29 721
-
-
withholding
17 522
22 119
-
-
total
41 068
51 840
-
-
Income
240 000
240 000
240 000
240 000
Total tax
113 514
119 041
118 134
110 075
After tax
126 486
120 959
121 866
129 925
Living cost
30 662
30 662
30 662
30 662
Free-cash
95 824
90 297
91 204
99 263

Estimated living cost  is ₽30662 per week

₽17783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽133035
₽126183
₽125843
₽125327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
33 119
health
-
-
-
16 752
income
-
-
-
36 000
total
-
-
-
85 871
Employee
33 729
-
240 000
-
income
5 626
-
42 852
-
social contributions
4 655
-
33 119
-
health
2 354
-
16 752
-
total
12 635
-
92 723
-
Employer
33 729
-
240 000
-
total
-
-
-
-
Corporate
206 271
240 000
-
-
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%.

10 313
12 001
-
-
total
10 313
12 001
-
-
Dividends
195 958
227 999
-
-
social contributions
27 042
31 463
-
-
health
13 679
15 914
-
-
withholding
29 394
34 201
-
-
total
70 115
81 578
-
-
Income
240 000
240 000
240 000
240 000
Total tax
93 063
93 579
92 723
85 871
After tax
146 937
146 421
147 277
154 129
Living cost
21 094
21 094
21 094
21 094
Free-cash
125 843
125 327
126 183
133 035

Estimated living cost  is ₽21094 per week

₽14117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1301
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.
₽5189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽87632
₽27512
₽95585
₽97121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
chamber of commerce
-
-
-
961
unemployment
-
-
-
6 101
health
-
-
-
8 890
income
-
-
-
79 668
surtax
-
-
-
196
pensions
-
-
-
21 500
total
-
-
-
117 316
Employee
49 714
39 643
200 225
-
income
5 660
2 924
67 503
-
pensions
5 091
4 059
11 901
-
unemployment
1 491
1 189
3 487
-
health
1 924
1 535
4 497
-
other
496
396
1 163
-
total
14 662
10 103
88 551
-
Employer
49 714
39 643
200 225
-
pensions
6 239
4 976
14 585
-
other
2 362
1 882
8 795
-
accident
646
515
1 510
-
health
1 878
1 499
4 393
-
payroll
1 491
1 189
6 007
-
chamber of commerce
198
159
800
-
unemployment
1 491
1 189
3 487
-
surtax
196
196
196
-
total
14 501
11 605
39 773
-
Corporate
175 784
188 751
196 451
-
income

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

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

43 945
47 189
49 112
-
total
43 945
47 189
49 112
-
Dividends
131 838
141 562
-
-
withholding
36 255
38 930
-
-
total
36 255
38 930
-
-
Income
240 000
240 000
240 000
240 000
Total tax
109 363
107 827
177 436
117 316
After tax
130 637
132 173
62 564
122 684
Living cost
35 052
35 052
35 052
35 052
Free-cash
95 585
97 121
27 512
87 632

Estimated living cost  is ₽35052 per week

₽23378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽68197
₽44610
₽82900
₽94530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
24 801
communal

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

-
-
-
12 912
national
-
-
-
97 819
total
-
-
-
135 532
Employee

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

71 157
-
185 889
-
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.

5 337
-
13 941
-
national
21 876
-
71 016
-
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.

619
-
1 618
-
communal

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

3 711
-
9 696
-
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.

3 343
-
8 737
-
total
34 886
-
105 008
-
Employer

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

71 157
-
185 889
-
pensions

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

6 305
-
16 469
-
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.

925
-
2 416
-
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.

4 376
-
11 432
-
unemployment

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

1 038
-
2 715
-
surtax
8 068
-
21 079
-
total
20 712
-
54 111
-
Corporate
148 131
240 000
-
-
surtax
593
1 051
-
-
income
29 627
52 610
-
-
total
30 220
53 661
-
-
Dividends
117 911
186 338
-
-
withholding

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

35 011
55 538
-
-
total
35 011
55 538
-
-
Income
240 000
240 000
240 000
240 000
Total tax
120 829
109 199
159 119
135 532
After tax
119 171
130 801
80 881
104 468
Living cost
36 271
36 271
36 271
36 271
Free-cash
82 900
94 530
44 610
68 197

Estimated living cost  is ₽36271 per week

₽23363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽568
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98036
₽93864
₽116455
₽123269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
93
unemployment
-
-
-
646
accident
-
-
-
831
income
-
-
-
78 376
pensions
-
-
-
26 093
total
-
-
-
106 039
Employee
49 517
-
210 606
-
income
10 448
-
74 961
-
pensions
2 328
-
4 334
-
unemployment
768
-
1 429
-
other
49
-
93
-
total
13 593
-
80 817
-
Employer
49 517
-
210 606
-
pensions
11 685
-
21 760
-
other
395
-
738
-
accident
980
-
1 825
-
unemployment
2 724
-
5 071
-
total
15 784
-
29 394
-
Corporate
174 699
240 000
-
-
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.

26 204
36 000
-
-
total
26 204
36 000
-
-
Dividends
148 495
204 000
-
-
withholding
32 039
44 806
-
-
total
32 039
44 806
-
-
Income
240 000
240 000
240 000
240 000
Total tax
87 620
80 806
110 211
106 039
After tax
152 380
159 194
129 789
133 961
Living cost
35 925
35 925
35 925
35 925
Free-cash
116 455
123 269
93 864
98 036

Estimated living cost  is ₽35925 per week

₽26455
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.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽57779
₽66912
₽66753
₽80433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
accident
-
-
-
1 993
health
-
-
-
16 616
income
-
-
-
46 984
communal
-
-
-
15 168
surtax
-
-
-
11 955
pensions
-
-
-
35 445
total
-
-
-
128 161
Employee
75 333
-
214 381
-
income
7 276
-
53 580
-
pensions
6 026
-
17 150
-
health
3 353
-
9 541
-
surtax
4 617
-
13 139
-
total
21 272
-
93 410
-
Employer
75 333
-
214 381
-
pensions
6 026
-
17 150
-
accident
678
-
1 929
-
health
2 297
-
6 539
-
total
9 001
-
25 618
-
Corporate
155 666
240 000
-
-
communal
10 507
16 201
-
-
surtax
1 635
2 520
-
-
income
23 350
36 000
-
-
total
35 492
54 721
-
-
Dividends
120 174
185 279
-
-
withholding
18 026
27 792
-
-
income
35 396
22 994
-
-
total
53 422
50 786
-
-
Income
240 000
240 000
240 000
240 000
Total tax
119 187
105 507
119 028
128 161
After tax
120 813
134 493
120 972
111 839
Living cost
54 060
54 060
54 060
54 060
Free-cash
66 753
80 433
66 912
57 779

Estimated living cost  is ₽54060 per week

₽40553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3275
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.
₽9658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90371
₽84287
₽125453
₽128616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
-
unemployment
-
-
-
227
health
-
-
-
9 426
income
-
-
-
77 738
surtax
-
-
-
13 341
pensions
-
-
-
26 553
total
-
-
-
127 285
Employee
33 500
-
212 053
-
income
5 616
-
71 788
-
pensions
2 235
-
8 856
-
unemployment
2 331
-
9 241
-
health
855
-
3 385
-
other
-
-
-
-
surtax
119
-
12 152
-
total
11 156
-
105 422
-
Employer
33 500
-
212 053
-
pensions
4 466
-
17 698
-
other
-
-
-
-
health
1 523
-
6 041
-
unemployment
1 063
-
4 208
-
total
7 052
-
27 947
-
Corporate
199 447
240 000
-
-
income
51 857
62 400
-
-
total
51 857
62 400
-
-
Dividends
147 590
177 600
-
-
withholding
22 138
26 640
-
-
total
22 138
26 640
-
-
Income
240 000
240 000
240 000
240 000
Total tax
92 203
89 040
133 369
127 285
After tax
147 797
150 960
106 631
112 715
Living cost
22 344
22 344
22 344
22 344
Free-cash
125 453
128 616
84 287
90 371

Estimated living cost  is ₽22344 per week

₽13490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1943
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.
₽6394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89134
₽80747
₽97143
₽99351
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
49 788
municipal
-
-
-
1 522
national
-
-
-
68 898
regional
-
-
-
3 861
total
-
-
-
124 069
Employee
55 182
-
240 000
-
national
8 742
-
62 240
-
social contributions
18 608
-
65 273
-
municipal
293
-
1 397
-
regional
743
-
3 546
-
total
28 386
-
132 456
-
Employer
55 182
-
240 000
-
total
-
-
-
-
Corporate
184 818
240 000
-
-
nationa
44 357
57 600
-
-
municipal
9 186
11 929
-
-
total
53 543
69 529
-
-
Dividends
131 276
170 471
-
-
withholding
34 131
44 323
-
-
total
34 131
44 323
-
-
Income
240 000
240 000
240 000
240 000
Total tax
116 060
113 852
132 456
124 069
After tax
123 940
126 148
107 544
115 931
Living cost
26 797
26 797
26 797
26 797
Free-cash
97 143
99 351
80 747
89 134

Estimated living cost  is ₽26797 per week

₽16665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽459
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113601
₽102875
₽125037
₽135608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
34 602
health
-
-
-
32 400
income
-
-
-
25 950
solidarity contribution
-
-
-
3 815
total
-
-
-
96 767
Employee
43 576
-
193 005
-
income
5 229
-
23 887
-
solidarity contribution
-
-
2 852
-
social contributions
2 832
-
7 703
-
health
5 883
-
26 056
-
total
13 944
-
60 498
-
Employer
43 576
-
193 005
-
health
3 922
-
17 370
-
social contributions
10 894
-
29 625
-
total
14 816
-
46 995
-
Corporate
181 608
240 000
-
-
income
34 506
45 600
-
-
total
34 506
45 600
-
-
Dividends
147 103
194 400
-
-
withholding
22 065
29 160
-
-
total
22 065
29 160
-
-
Income
240 000
240 000
240 000
240 000
Total tax
85 331
74 760
107 493
96 767
After tax
154 669
165 240
132 507
143 233
Living cost
29 632
29 632
29 632
29 632
Free-cash
125 037
135 608
102 875
113 601

Estimated living cost  is ₽29632 per week

₽22036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91143
₽30870
₽100052
₽100544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
chamber of commerce
-
-
-
961
unemployment
-
-
-
6 101
health
-
-
-
8 890
income
-
-
-
79 668
surtax
-
-
-
-
pensions
-
-
-
21 500
total
-
-
-
117 120
Employee
43 484
39 643
200 408
-
income
3 874
2 924
67 594
-
pensions
4 453
4 059
11 901
-
unemployment
1 304
1 189
3 487
-
health
1 682
1 535
4 497
-
other
434
396
1 163
-
total
11 747
10 103
88 642
-
Employer
43 484
39 643
200 408
-
pensions
5 458
4 976
14 585
-
other
2 065
1 882
8 803
-
accident
564
515
1 510
-
health
1 644
1 499
4 393
-
payroll
1 304
1 189
6 013
-
chamber of commerce
174
159
802
-
unemployment
1 304
1 189
3 487
-
surtax
-
-
-
-
total
12 513
11 409
39 593
-
Corporate
184 002
188 947
196 632
-
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.

46 001
47 238
49 158
-
total
46 001
47 238
49 158
-
Dividends
138 000
141 709
-
-
withholding
37 950
38 969
-
-
total
37 950
38 969
-
-
Income
240 000
240 000
240 000
240 000
Total tax
108 211
107 719
177 393
117 120
After tax
131 789
132 281
62 607
122 880
Living cost
31 737
31 737
31 737
31 737
Free-cash
100 052
100 544
30 870
91 143

Estimated living cost  is ₽31737 per week

₽19038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽566
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽223638
₽178038
₽211420
₽214038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
240 000
microenterprise

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

-
-
-
2 400
total
-
-
-
2 400
Employee
17 453
-
240 000
-
income
3 491
-
48 000
-
total
3 491
-
48 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

222 547
240 000
-
-
total
-
-
-
-
Dividends
222 547
240 000
-
-
withholding
11 127
12 000
-
-
total
11 127
12 000
-
-
Income
240 000
240 000
240 000
240 000
Total tax
14 618
12 000
48 000
2 400
After tax
225 382
228 000
192 000
237 600
Living cost
13 962
13 962
13 962
13 962
Free-cash
211 420
214 038
178 038
223 638

Estimated living cost  is ₽13962 per week

₽9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83031
₽77820
₽130236
₽138559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
unemployment
-
-
-
361
health
-
-
-
23 616
income
-
-
-
62 480
pensions
-
-
-
43 830
total
-
-
-
130 287
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.

43 989
-
207 666
-
income
7 586
-
57 270
-
pensions
6 819
-
32 188
-
unemployment
62
-
291
-
health
2 841
-
13 415
-
total
17 308
-
103 164
-
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.

43 989
-
207 666
-
pensions
3 893
-
18 379
-
health
2 930
-
13 830
-
unemployment
26
-
125
-
total
6 849
-
32 334
-
Corporate
189 162
240 000
-
-
income
35 941
45 599
-
-
total
35 941
45 599
-
-
Dividends
153 221
194 401
-
-
withholding
22 984
29 160
-
-
total
22 984
29 160
-
-
Income
240 000
240 000
240 000
240 000
Total tax
83 082
74 759
135 498
130 287
After tax
156 918
165 241
104 502
109 713
Living cost
26 682
26 682
26 682
26 682
Free-cash
130 236
138 559
77 820
83 031

Estimated living cost  is ₽26682 per week

₽18311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122723
₽183712
₽55328
₽102880
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
27 360
income
-
-
-
46 781
total
-
-
-
74 141
Employee
61 851
-
-
-
income
13 643
-
-
-
social contributions
5 072
-
723
-
total
18 715
-
723
-
Employer
61 851
-
-
-
social contributions
87 210
-
12 429
-
total
87 210
-
12 429
-
Corporate
90 938
240 000
-
-
income
20 006
52 800
-
-
total
20 006
52 800
-
-
Dividends
70 932
187 200
-
-
income
15 605
41 184
-
-
total
15 605
41 184
-
-
Income
240 000
240 000
240 000
240 000
Total tax
141 536
93 984
13 152
74 141
After tax
98 464
146 016
226 848
165 859
Living cost
43 136
43 136
43 136
43 136
Free-cash
55 328
102 880
183 712
122 723

Estimated living cost  is ₽43136 per week

₽27988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽93172
₽73824
₽104306
₽105309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
social contributions

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

-
-
-
83 400
income
-
-
-
32 225
surtax
-
-
-
-
total
-
-
-
115 625
Employee
45 752
-
193 938
-
income
9 517
-
67 039
-
social contributions
5 033
-
21 334
-
surtax
-
-
540
-
total
14 550
-
88 913
-
Employer
45 752
-
193 938
-
social contributions
10 866
-
46 060
-
total
10 866
-
46 060
-
Corporate
183 382
240 000
-
-
surtax
-
-
-
-
income
38 511
50 400
-
-
total
38 511
50 400
-
-
Dividends
144 872
189 600
-
-
withholding
40 564
53 088
-
-
total
40 564
53 088
-
-
Income
240 000
240 000
240 000
240 000
Total tax
104 491
103 488
134 973
115 625
After tax
135 509
136 512
105 027
124 375
Living cost
31 203
31 203
31 203
31 203
Free-cash
104 306
105 309
73 824
93 172

Estimated living cost  is ₽31203 per week

₽23346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81879
₽73820
₽79753
₽72913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
7 440
social contributions
-
-
-
6 839
health
-
-
-
12 170
income
-
-
-
47 005
surtax
-
-
-
-
pensions
-
-
-
36 621
total
-
-
-
110 075
Employee
62 305
-
182 357
-
income
5 436
-
41 207
-
pensions
7 047
-
14 087
-
social contributions
1 775
-
5 197
-
surtax
-
-
-
-
total
14 258
-
60 491
-
Employer
62 305
-
182 357
-
pensions
10 237
-
23 462
-
other
2 150
-
7 712
-
health
4 361
-
18 537
-
unemployment
2 524
-
7 385
-
social contributions
187
-
547
-
total
19 459
-
57 643
-
Corporate
158 236
240 000
-
-
surtax
-
-
-
-
income
44 306
67 201
-
-
total
44 306
67 201
-
-
Dividends
113 930
172 799
-
-
surtax
-
-
-
-
social contributions
19 595
29 721
-
-
withholding
14 583
22 119
-
-
total
34 178
51 840
-
-
Income
240 000
240 000
240 000
240 000
Total tax
112 201
119 041
118 134
110 075
After tax
127 799
120 959
121 866
129 925
Living cost
48 046
48 046
48 046
48 046
Free-cash
79 753
72 913
73 820
81 879

Estimated living cost  is ₽48046 per week

₽32517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽659
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10940
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽144618
₽150995
₽182756
₽186098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
52 799
income
-
-
-
12 680
total
-
-
-
65 479
Employee
31 981
-
207 793
-
social contributions
2 078
-
13 507
-
income
-
-
13 388
-
total
2 078
-
26 895
-
Employer
31 981
-
207 793
-
social contributions
4 957
-
32 207
-
total
4 957
-
32 207
-
Corporate
203 062
240 000
-
-
income
20 307
23 999
-
-
total
20 307
23 999
-
-
Dividends
182 755
216 001
-
-
total
-
-
-
-
Income
240 000
240 000
240 000
240 000
Total tax
27 342
23 999
59 102
65 479
After tax
212 658
216 001
180 898
174 521
Living cost
29 902
29 902
29 902
29 902
Free-cash
182 756
186 098
150 995
144 618

Estimated living cost  is ₽29902 per week

₽19335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89882
₽23184
₽12538
₽23184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
municipal
-
-
-
51 915
national
-
-
-
30 284
labour market
-
-
-
19 131
pensions
-
-
-
863
total
-
-
-
102 193
Employee
202 282
202 282
202 282
-
labour market
16 160
16 160
16 160
-
pensions
288
288
288
-
national
24 712
24 712
24 712
-
municipal
43 075
43 075
43 075
-
total
84 235
84 235
84 235
-
Employer
202 282
202 282
202 282
-
pensions
575
575
575
-
municipal
43 143
43 143
43 143
-
national
24 755
24 755
24 755
-
labour market
16 183
16 183
16 183
-
total
84 656
84 656
84 656
-
Corporate
23 184
-
-
-
income
5 101
-
-
-
total
5 101
-
-
-
Dividends
18 083
-
-
-
withholding
5 545
-
-
-
total
5 545
-
-
-
Income
240 000
240 000
240 000
240 000
Total tax
179 537
168 891
168 891
102 193
After tax
60 463
71 109
71 109
137 807
Living cost
47 925
47 925
47 925
47 925
Free-cash
12 538
23 184
23 184
89 882

Estimated living cost  is ₽47925 per week

₽32801
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4240
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽737
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142286
₽111101
₽16136
-₽2104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
368
accident
-
-
-
251
health
-
-
-
2 168
income
-
-
-
69 247
pensions
-
-
-
4 136
total
-
-
-
76 170
Employee
33 890
-
219 986
-
income
4 649
-
54 571
-
pensions
3 816
-
7 583
-
health
3 881
-
25 188
-
total
12 346
-
87 342
-
Employer
33 890
-
219 986
-
pensions
5 510
-
10 950
-
accident
566
-
3 674
-
unemployment
830
-
5 389
-
total
6 906
-
20 013
-
Corporate
199 204
240 000
-
-
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.

179 283
216 000
-
-
total
179 283
216 000
-
-
Dividends
19 920
24 000
-
-
withholding
3 785
4 560
-
-
total
3 785
4 560
-
-
Income
240 000
240 000
240 000
240 000
Total tax
202 320
220 560
107 355
76 170
After tax
37 680
19 440
132 645
163 830
Living cost
21 544
21 544
21 544
21 544
Free-cash
16 136
-2 104
111 101
142 286

Estimated living cost  is ₽21544 per week

₽15681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽404
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107194
₽79704
₽111246
₽108141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
240 000
municipal
-
-
-
42 609
health
-
-
-
3 281
national
-
-
-
48 724
total
-
-
-
94 614
Employee
52 337
-
201 901
-
pensions
3 532
-
13 628
-
national
865
-
31 796
-
municipal
8 572
-
32 859
-
unemployment
785
-
3 028
-
health
391
-
2 694
-
total
14 145
-
84 005
-
Employer
52 337
-
201 901
-
pensions
9 080
-
35 029
-
accident
53
-
202
-
health
402
-
1 556
-
unemployment
340
-
1 312
-
total
9 875
-
38 099
-
Corporate
177 788
240 000
-
-
income
35 558
48 000
-
-
total
35 558
48 000
-
-
Dividends

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

106 672
144 000
-
-
municipal
19 201
25 919
-
-
national
11 783
19 748
-
-
total
30 984
45 667
-
-
Income
240 000
240 000
240 000
240 000
Total tax
90 562
93 667
122 104
94 614
After tax
149 438
146 333
117 896
145 386
Living cost
38 192
38 192
38 192
38 192
Free-cash
111 246
108 141
79 704
107 194

Estimated living cost  is ₽38192 per week

₽24947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽137765
₽135830
₽146425
₽151836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
16 095
health
-
-
-
6 120
income
-
-
-
56 988
total
-
-
-
79 203
Employee
76 493
76 493
227 233
-
income
8 329
7 081
55 946
-
social contributions
2 892
6 349
8 563
-
health
593
1 301
3 862
-
total
11 814
14 731
68 371
-
Employer
76 493
76 493
227 233
-
health
644
1 416
4 204
-
social contributions
2 892
6 349
8 563
-
total
3 536
7 765
12 767
-
Corporate
201 619
155 742
-
-
income
25 202
19 469
-
-
total
25 202
19 469
-
-
Dividends
176 417
136 274
-
-
withholding
29 991
23 167
-
-
total
29 991
23 167
-
-
Income
240 000
240 000
240 000
240 000
Total tax
70 543
65 132
81 138
79 203
After tax
169 457
174 868
158 862
160 797
Living cost
23 032
23 032
23 032
23 032
Free-cash
146 425
151 836
135 830
137 765

Estimated living cost  is ₽23032 per week

₽13803
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2260
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.
₽6460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽189297
₽169344
₽177890
₽182951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240 000
unemployment
-
-
-
28
health
-
-
-
3 600
income
-
-
-
24 953
pensions
-
-
-
6 328
total
-
-
-
34 909
Employee

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

22 833
-
230 278
-
income
1 561
-
22 487
-
pensions
3 424
-
14 158
-
unemployment
113
-
472
-
health
1 941
-
8 023
-
total
7 039
-
45 140
-
Employer

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

22 833
-
230 278
-
pensions
1 255
-
5 191
-
health
982
-
4 059
-
unemployment
113
-
472
-
total
2 350
-
9 722
-
Corporate
214 816
240 000
-
-
income
19 333
21 600
-
-
total
19 333
21 600
-
-
Dividends
195 484
218 400
-
-
withholding
17 594
19 655
-
-
total
17 594
19 655
-
-
Income
240 000
240 000
240 000
240 000
Total tax
46 316
41 255
54 862
34 909
After tax
193 684
198 745
185 138
205 091
Living cost
15 794
15 794
15 794
15 794
Free-cash
177 890
182 951
169 344
189 297

Estimated living cost  is ₽15794 per week

₽10077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106606
₽102434
₽127446
₽131839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
93
unemployment
-
-
-
646
accident
-
-
-
831
income
-
-
-
78 376
pensions
-
-
-
26 093
total
-
-
-
106 039
Employee
36 783
-
210 606
-
income
7 091
-
74 961
-
pensions
1 729
-
4 334
-
unemployment
570
-
1 429
-
other
36
-
93
-
total
9 426
-
80 817
-
Employer
36 783
-
210 606
-
pensions
8 680
-
21 760
-
other
294
-
738
-
accident
729
-
1 825
-
unemployment
2 024
-
5 071
-
total
11 727
-
29 394
-
Corporate
191 490
240 000
-
-
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.

28 724
36 000
-
-
total
28 724
36 000
-
-
Dividends
162 766
204 000
-
-
withholding
35 322
44 806
-
-
total
35 322
44 806
-
-
Income
240 000
240 000
240 000
240 000
Total tax
85 199
80 806
110 211
106 039
After tax
154 801
159 194
129 789
133 961
Living cost
27 355
27 355
27 355
27 355
Free-cash
127 446
131 839
102 434
106 606

Estimated living cost  is ₽27355 per week

₽18464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽151685
₽151491
₽146594
₽147041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
health
-
-
-
1 438
income
-
-
-
82 175
pensions
-
-
-
1 983
total
-
-
-
85 596
Employee
4 142
-
237 769
-
income
801
-
82 071
-
pensions
373
-
893
-
unemployment
41
-
99
-
health
207
-
496
-
total
1 422
-
83 559
-
Employer
4 142
-
237 769
-
pensions
456
-
1 091
-
health
393
-
942
-
unemployment
83
-
198
-
total
932
-
2 231
-
Corporate
234 927
240 000
-
-
income
51 684
52 800
-
-
total
51 684
52 800
-
-
Dividends
183 243
187 200
-
-
withholding
36 649
37 440
-
-
total
36 649
37 440
-
-
Income
240 000
240 000
240 000
240 000
Total tax
90 687
90 240
85 790
85 596
After tax
149 313
149 760
154 210
154 404
Living cost
2 719
2 719
2 719
2 719
Free-cash
146 594
147 041
151 491
151 685

Estimated living cost  is ₽2719 per week

₽1616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽220
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽62
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽139144
₽139143
₽151292
₽156189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
unemployment
-
-
-
1 103
health
-
-
-
7 576
income
-
-
-
55 843
pensions
-
-
-
19 123
total
-
-
-
83 645
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.

25 953
-
226 835
-
income
3 577
-
55 843
-
pensions
3 633
-
10 297
-
unemployment
195
-
552
-
health
1 337
-
3 788
-
total
8 742
-
70 480
-
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.

25 953
-
226 835
-
pensions
3 114
-
8 826
-
health
1 337
-
3 788
-
unemployment
195
-
552
-
total
4 646
-
13 166
-
Corporate
209 402
240 000
-
-
income
31 410
36 000
-
-
total
31 410
36 000
-
-
Dividends
177 991
204 000
-
-
withholding
26 699
30 600
-
-
total
26 699
30 600
-
-
Income
240 000
240 000
240 000
240 000
Total tax
71 497
66 600
83 646
83 645
After tax
168 503
173 400
156 354
156 355
Living cost
17 211
17 211
17 211
17 211
Free-cash
151 292
156 189
139 143
139 144

Estimated living cost  is ₽17211 per week

₽11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97557
₽78209
₽109336
₽109694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
social contributions

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

-
-
-
83 400
income
-
-
-
32 225
surtax
-
-
-
-
total
-
-
-
115 625
Employee
38 609
-
193 938
-
income
7 544
-
67 039
-
social contributions
4 247
-
21 334
-
surtax
-
-
540
-
total
11 791
-
88 913
-
Employer
38 609
-
193 938
-
social contributions
9 169
-
46 060
-
total
9 169
-
46 060
-
Corporate
192 222
240 000
-
-
surtax
-
-
-
-
income
40 366
50 400
-
-
total
40 366
50 400
-
-
Dividends
151 855
189 600
-
-
withholding
42 520
53 088
-
-
total
42 520
53 088
-
-
Income
240 000
240 000
240 000
240 000
Total tax
103 846
103 488
134 973
115 625
After tax
136 154
136 512
105 027
124 375
Living cost
26 818
26 818
26 818
26 818
Free-cash
109 336
109 694
78 209
97 557

Estimated living cost  is ₽26818 per week

₽18995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99000
₽94828
₽117723
₽124233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
93
unemployment
-
-
-
646
accident
-
-
-
831
income
-
-
-
78 376
pensions
-
-
-
26 093
total
-
-
-
106 039
Employee
48 043
-
210 606
-
income
10 034
-
74 961
-
pensions
2 258
-
4 334
-
unemployment
744
-
1 429
-
other
47
-
93
-
total
13 083
-
80 817
-
Employer
48 043
-
210 606
-
pensions
11 338
-
21 760
-
other
385
-
738
-
accident
951
-
1 825
-
unemployment
2 643
-
5 071
-
total
15 317
-
29 394
-
Corporate
176 640
240 000
-
-
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.

26 497
36 000
-
-
total
26 497
36 000
-
-
Dividends
150 143
204 000
-
-
withholding
32 419
44 806
-
-
total
32 419
44 806
-
-
Income
240 000
240 000
240 000
240 000
Total tax
87 316
80 806
110 211
106 039
After tax
152 684
159 194
129 789
133 961
Living cost
34 961
34 961
34 961
34 961
Free-cash
117 723
124 233
94 828
99 000

Estimated living cost  is ₽34961 per week

₽25107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6643
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽177637
₽187749
₽182049
₽188105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
unemployment
-
-
-
139
health
-
-
-
3 992
income
-
-
-
36 000
pensions

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

-
-
-
5 137
total
-
-
-
45 268
Employee
22 636
-
233 190
-
income
2 264
-
23 319
-
pensions

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

1 987
-
3 048
-
health
1 041
-
1 597
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
total
5 541
-
28 346
-
Employer
22 636
-
233 190
-
pensions

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

2 494
-
3 825
-
accident

We are using the highest rate at 1.1%.

249
-
382
-
health
1 562
-
2 395
-
unemployment
136
-
208
-
total
4 441
-
6 810
-
Corporate
212 923
240 000
-
-
income
21 293
24 000
-
-
total
21 293
24 000
-
-
Dividends
191 630
216 000
-
-
withholding
9 581
10 800
-
-
total
9 581
10 800
-
-
Income
240 000
240 000
240 000
240 000
Total tax
40 856
34 800
35 156
45 268
After tax
199 144
205 200
204 844
194 732
Living cost
17 095
17 095
17 095
17 095
Free-cash
182 049
188 105
187 749
177 637

Estimated living cost  is ₽17095 per week

₽11306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81150
₽108953
₽98015
₽85003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
trade
-
-
-
27 803
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.

-
-
-
6 796
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.

-
-
-
81 369
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.

-
-
-
4 476
total
-
-
-
120 444
Employee

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

49 496
-
240 000
-
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.

225
-
4 476
-
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.

4 070
-
81 369
-
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.

6 796
-
6 796
-
total
11 091
-
92 641
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
190 504
240 000
-
-
trade
27 337
34 441
-
-
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
1 980
-
-
income
28 575
36 000
-
-
chamber of commerce
430
502
-
-
total
57 915
72 923
-
-
Dividends
132 589
167 077
-
-
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.

1 803
2 277
-
-
withholding
32 770
41 391
-
-
total
34 573
43 668
-
-
Income
240 000
240 000
240 000
240 000
Total tax
103 579
116 591
92 641
120 444
After tax
136 421
123 409
147 359
119 556
Living cost
38 406
38 406
38 406
38 406
Free-cash
98 015
85 003
108 953
81 150

Estimated living cost  is ₽38406 per week

₽26493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽62234
₽62234
₽113529
₽111334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
41 541
income
-
-
-
79 558
total
-
-
-
121 099
Employee
77 814
-
240 000
-
social contributions
6 465
-
41 541
-
income
14 683
-
79 558
-
total
21 148
-
121 099
-
Employer
77 814
-
240 000
-
total
-
-
-
-
Corporate
162 186
240 000
-
-
income
20 273
30 000
-
-
total
20 273
30 000
-
-
Dividends
141 914
210 000
-
-
withholding
28 383
41 999
-
-
total
28 383
41 999
-
-
Income
240 000
240 000
240 000
240 000
Total tax
69 804
71 999
121 099
121 099
After tax
170 196
168 001
118 901
118 901
Living cost
56 667
56 667
56 667
56 667
Free-cash
113 529
111 334
62 234
62 234

Estimated living cost  is ₽56667 per week

₽43111
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽161299
₽130581
₽118110
₽114633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
health

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

-
-
-
6 590
income
-
-
-
36 000
total
-
-
-
42 590
Employee
45 634
-
235 424
-
social contributions
4 572
-
4 576
-
income
4 952
-
64 156
-
total
9 524
-
68 732
-
Employer
45 634
-
235 424
-
social contributions
4 572
-
4 576
-
total
4 572
-
4 576
-
Corporate
189 793
240 000
-
-
income
66 427
84 000
-
-
total
66 427
84 000
-
-
Dividends
123 367
156 000
-
-
social contributions
5 256
5 256
-
-
total
5 256
5 256
-
-
Income
240 000
240 000
240 000
240 000
Total tax
85 779
89 256
73 308
42 590
After tax
154 221
150 744
166 692
197 410
Living cost
36 111
36 111
36 111
36 111
Free-cash
118 110
114 633
130 581
161 299

Estimated living cost  is ₽36111 per week

₽23786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2847
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽117246
₽95879
₽119013
₽113098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
income
-
-
-
75 403
pensions
-
-
-
10 265
total
-
-
-
85 668
Employee
50 906
-
209 062
-
income
9 270
-
61 157
-
pensions
3 885
-
12 158
-
health
664
-
2 782
-
total
13 819
-
76 097
-
Employer
50 906
-
209 062
-
pensions
5 143
-
26 967
-
health
967
-
3 971
-
total
6 110
-
30 938
-
Corporate
182 983
240 000
-
-
income

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

34 766
45 600
-
-
total
34 766
45 600
-
-
Dividends
148 217
194 400
-
-
withholding
29 206
44 216
-
-
total
29 206
44 216
-
-
Income
240 000
240 000
240 000
240 000
Total tax
83 901
89 816
107 035
85 668
After tax
156 099
150 184
132 965
154 332
Living cost
37 086
37 086
37 086
37 086
Free-cash
119 013
113 098
95 879
117 246

Estimated living cost  is ₽37086 per week

₽25441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽140153
₽108968
₽15808
-₽4237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
other
-
-
-
368
accident
-
-
-
251
health
-
-
-
2 168
income
-
-
-
69 247
pensions
-
-
-
4 136
total
-
-
-
76 170
Employee
37 244
-
219 986
-
income
5 110
-
54 571
-
pensions
4 194
-
7 583
-
health
4 264
-
25 188
-
total
13 568
-
87 342
-
Employer
37 244
-
219 986
-
pensions
6 056
-
10 950
-
accident
622
-
3 674
-
unemployment
912
-
5 389
-
total
7 590
-
20 013
-
Corporate
195 166
240 000
-
-
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.

175 649
216 000
-
-
total
175 649
216 000
-
-
Dividends
19 517
24 000
-
-
withholding
3 708
4 560
-
-
total
3 708
4 560
-
-
Income
240 000
240 000
240 000
240 000
Total tax
200 515
220 560
107 355
76 170
After tax
39 485
19 440
132 645
163 830
Living cost
23 677
23 677
23 677
23 677
Free-cash
15 808
-4 237
108 968
140 153

Estimated living cost  is ₽23677 per week

₽17376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142342
₽164185
₽167176
₽170182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 000
work injury
-
-
-
794
unemployment
-
-
-
1 906
income
-
-
-
40 554
health insurance
-
-
-
11 756
pensions
-
-
-
29 230
total
-
-
-
84 240
Employee

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

21 468
-
240 000
-
income
2 147
-
40 554
-
work injury
107
-
397
-
pensions
3 950
-
14 615
-
unemployment
258
-
953
-
health insurance
1 589
-
5 878
-
total
8 051
-
62 397
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
218 532
240 000
-
-
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%.

21 853
24 000
-
-
total
21 853
24 000
-
-
Dividends
196 679
216 000
-
-
withholding
29 502
32 400
-
-
total
29 502
32 400
-
-
Income
240 000
240 000
240 000
240 000
Total tax
59 406
56 400
62 397
84 240
After tax
180 594
183 600
177 603
155 760
Living cost
13 418
13 418
13 418
13 418
Free-cash
167 176
170 182
164 185
142 342

Estimated living cost  is ₽13418 per week

₽8312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽419
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽73971
₽65798
₽82261
₽86788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 000
social contributions
-
-
-
49 788
municipal
-
-
-
1 712
national
-
-
-
68 898
regional
-
-
-
6 002
total
-
-
-
126 400
Employee
83 826
-
240 000
-
national
14 166
-
62 240
-
social contributions
28 266
-
65 273
-
municipal
500
-
1 573
-
regional
1 266
-
5 487
-
total
44 198
-
134 573
-
Employer
83 826
-
240 000
-
total
-
-
-
-
Corporate
156 174
240 000
-
-
nationa
37 482
57 600
-
-
municipal
7 528
11 568
-
-
total
45 010
69 168
-
-
Dividends
111 164
170 832
-
-
withholding
28 902
44 415
-
-
total
28 902
44 415
-
-
Income
240 000
240 000
240 000
240 000
Total tax
118 110
113 583
134 573
126 400
After tax
121 890
126 417
105 427
113 600
Living cost
39 629
39 629
39 629
39 629
Free-cash
82 261
86 788
65 798
73 971

Estimated living cost  is ₽39629 per week

₽27837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽598
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

Close
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