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
₽ 240500
per

Your estimated
City
free-cash

Dresden , Germany
₽90864
₽101936
₽86853
₽117399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
trade
-
-
-
30 546
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.

-
-
-
81 449
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.

-
-
-
6 841
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.

-
-
-
4 479
total
-
-
-
123 315
Employee

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

38 302
-
240 500
-
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.

6 841
-
6 841
-
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
-
4 479
-
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.

1 070
-
81 449
-
total
7 970
-
92 769
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
202 198
240 500
-
-
surtax

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

1 669
1 984
-
-
income
30 330
36 074
-
-
trade
31 846
37 878
-
-
chamber of commerce
443
498
-
-
total
64 288
76 434
-
-
Dividends
137 911
164 066
-
-
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.

1 876
2 235
-
-
withholding
34 098
40 635
-
-
total
35 974
42 870
-
-
Income
240 500
240 500
240 500
240 500
Total tax
108 232
119 304
92 769
123 315
After tax
132 268
121 196
147 731
117 185
Living cost
30 332
30 332
30 332
30 332
Free-cash
101 936
90 864
117 399
86 853

Estimated living cost  is ₽30332 per week

₽19080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3537
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.
₽7149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99551
₽98711
₽85301
₽86592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
26 807
pensions
-
-
-
28 860
national
-
-
-
46 426
social contributions
-
-
-
2 585
total
-
-
-
104 678
Employee
78 317
-
207 910
-
municipal
9 673
-
27 738
-
pensions
3 133
-
8 316
-
national
14 990
-
48 465
-
total
27 796
-
84 519
-
Employer
78 317
-
207 910
-
social contributions
842
-
2 235
-
pensions
6 265
-
16 633
-
total
7 107
-
18 868
-
Corporate
149 907
240 500
-
-
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%.

29 981
48 100
-
-
total
29 981
48 100
-
-
Dividends
119 925
192 400
-
-
withholding
26 384
42 328
-
-
total
26 384
42 328
-
-
Income
240 500
240 500
240 500
240 500
Total tax
91 268
90 428
103 387
104 678
After tax
149 232
150 072
137 113
135 822
Living cost
50 521
50 521
50 521
50 521
Free-cash
98 711
99 551
86 592
85 301

Estimated living cost  is ₽50521 per week

₽34339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽756
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽171567
₽163352
₽67666
₽84531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
microenterprise
-
-
-
-
income
-
-
-
52 305
surtax
-
-
-
61 328
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.

-
-
-
38 368
total
-
-
-
152 001
Employee
29 262
-
190 766
-
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.

3 219
-
13 128
-
surtax
-
-
27 662
-
income
5 209
-
44 612
-
total
8 428
-
85 402
-
Employer
29 262
-
190 766
-
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.

7 048
-
28 750
-
surtax
-
-
20 984
-
total
7 048
-
49 734
-
Corporate
204 190
240 500
-
-
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%.

40 839
48 100
-
-
total
40 839
48 100
-
-
Dividends

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

163 351
192 400
-
-
total
-
-
-
-
Income
240 500
240 500
240 500
240 500
Total tax
56 315
48 100
135 136
152 001
After tax
184 185
192 400
105 364
88 499
Living cost
20 833
20 833
20 833
20 833
Free-cash
163 352
171 567
84 531
67 666

Estimated living cost  is ₽20833 per week

₽13291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1984
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.
₽5085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78074
₽71940
₽86366
₽111834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
88 103
pensions
-
-
-
11 733
health
-
-
-
12 348
total
-
-
-
112 184
Employee
85 516
85 516
221 890
-
health
13 126
11 165
12 348
-
income

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

13 998
13 998
44 025
-
pensions
15 393
11 733
11 733
-
total
42 517
36 896
68 106
-
Employer
85 516
85 516
221 890
-
unemployment
3 079
3 079
3 825
-
pensions
5 952
5 952
7 398
-
health
5 944
5 944
7 387
-
total
14 975
14 975
18 610
-
Corporate
141 058
140 009
-
-
income
28 211
28 002
-
-
total
28 211
28 002
-
-
Dividends
112 848
112 008
-
-
income
23 981
23 802
-
-
withholding
16 926
16 801
-
-
total
40 907
40 603
-
-
Income
240 500
240 500
240 500
240 500
Total tax
126 610
120 476
86 716
112 184
After tax
113 890
120 024
153 784
128 316
Living cost
41 950
41 950
41 950
41 950
Free-cash
71 940
78 074
111 834
86 366

Estimated living cost  is ₽41950 per week

₽29729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽667
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92766
₽91901
₽80608
₽79674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
64 419
accident
-
-
-
169
pensions
-
-
-
9 132
other
-
-
-
9 817
unemployment
-
-
-
85
health
-
-
-
5 272
national
-
-
-
32 451
total
-
-
-
121 345
Employee
54 926
-
213 956
-
municipal
16 379
-
63 802
-
national
-
-
31 933
-
total
16 379
-
95 735
-
Employer
54 926
-
213 956
-
accident
110
-
169
-
other
6 382
-
9 817
-
unemployment
1 450
-
2 230
-
pensions
5 937
-
9 132
-
health
3 378
-
5 196
-
total
17 257
-
26 544
-
Corporate
168 316
240 500
-
-
income
37 030
52 910
-
-
total
37 030
52 910
-
-
Dividends
131 287
187 590
-
-
withholding
39 386
56 277
-
-
total
39 386
56 277
-
-
Income
240 500
240 500
240 500
240 500
Total tax
110 052
109 187
122 279
121 345
After tax
130 448
131 313
118 221
119 155
Living cost
38 547
38 547
38 547
38 547
Free-cash
91 901
92 766
79 674
80 608

Estimated living cost  is ₽38547 per week

₽25547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80620
₽94688
₽76489
₽108392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
trade
-
-
-
31 903
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.

-
-
-
81 449
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.

-
-
-
6 841
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.

-
-
-
4 479
total
-
-
-
124 672
Employee

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

50 783
-
240 500
-
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.

6 841
-
6 841
-
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.

239
-
4 479
-
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.

4 363
-
81 449
-
total
11 443
-
92 769
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
189 717
240 500
-
-
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.

1 566
1 984
-
-
income
28 458
36 074
-
-
trade
31 208
39 562
-
-
chamber of commerce
422
494
-
-
total
61 654
78 114
-
-
Dividends
128 064
162 386
-
-
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.

1 741
2 212
-
-
withholding
31 635
40 215
-
-
total
33 376
42 427
-
-
Income
240 500
240 500
240 500
240 500
Total tax
106 473
120 541
92 769
124 672
After tax
134 027
119 959
147 731
115 828
Living cost
39 339
39 339
39 339
39 339
Free-cash
94 688
80 620
108 392
76 489

Estimated living cost  is ₽39339 per week

₽26310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽142757
₽138603
₽128692
₽126749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
56 993
health
-
-
-
6 132
social contributions
-
-
-
16 202
total
-
-
-
79 327
Employee
77 003
77 003
227 669
-
social contributions
3 742
6 391
8 620
-
health
766
1 309
3 871
-
income
8 086
7 128
55 948
-
total
12 594
14 828
68 439
-
Employer
77 003
77 003
227 669
-
social contributions
3 742
6 391
8 620
-
health
834
1 425
4 211
-
total
4 576
7 816
12 831
-
Corporate
190 850
155 681
-
-
income
23 857
19 460
-
-
total
23 857
19 460
-
-
Dividends
166 993
136 221
-
-
withholding
28 389
23 158
-
-
total
28 389
23 158
-
-
Income
240 500
240 500
240 500
240 500
Total tax
69 416
65 262
81 270
79 327
After tax
171 084
175 238
159 230
161 173
Living cost
32 481
32 481
32 481
32 481
Free-cash
138 603
142 757
126 749
128 692

Estimated living cost  is ₽32481 per week

₽22204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116731
₽117111
₽148371
₽121184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
29 401
pensions
-
-
-
24 050
unemployment
-
-
-
3 608
health
-
-
-
16 835
total
-
-
-
73 894
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.

26 323
10 476
201 255
-
health
1 843
733
14 088
-
income
3 218
1 281
24 603
-
pensions
2 632
1 048
20 126
-
unemployment
395
157
3 019
-
total
8 088
3 219
61 836
-
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.

26 323
10 476
201 255
-
pensions
5 133
2 043
39 245
-
total
5 133
2 043
39 245
-
Corporate
209 044
227 981
-
-
income
18 814
20 518
-
-
total
18 814
20 518
-
-
Dividends
190 230
207 463
-
-
social contributions
36 975
40 336
-
-
withholding
36 144
39 418
-
-
total
73 119
79 754
-
-
Income
240 500
240 500
240 500
240 500
Total tax
105 154
105 534
101 081
73 894
After tax
135 346
134 966
139 419
166 606
Living cost
18 235
18 235
18 235
18 235
Free-cash
117 111
116 731
121 184
148 371

Estimated living cost  is ₽18235 per week

₽12444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽168212
₽161992
₽104721
₽114432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
32 226
pensions
-
-
-
48 100
health
-
-
-
31 265
total
-
-
-
111 591
Employee
28 408
-
179 746
-
income
3 198
-
34 655
-
pensions
568
-
3 595
-
unemployment
454
-
2 875
-
total
4 220
-
41 125
-
Employer
28 408
-
179 746
-
unemployment
228
-
1 439
-
pensions
5 682
-
35 949
-
health
3 692
-
23 367
-
total
9 602
-
60 755
-
Corporate
202 489
240 500
-
-
income
40 498
48 100
-
-
total
40 498
48 100
-
-
Dividends
161 991
192 400
-
-
total
-
-
-
-
Income
240 500
240 500
240 500
240 500
Total tax
54 320
48 100
101 880
111 591
After tax
186 180
192 400
138 620
128 909
Living cost
24 188
24 188
24 188
24 188
Free-cash
161 992
168 212
114 432
104 721

Estimated living cost  is ₽24188 per week

₽16590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2468
₽16115
₽142224
₽110961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
252
income
-
-
-
69 378
pensions
-
-
-
4 151
other
-
-
-
370
health
-
-
-
2 176
total
-
-
-
76 327
Employee
34 527
-
220 427
-
health
3 953
-
25 239
-
income
4 737
-
54 666
-
pensions
3 888
-
7 612
-
total
12 578
-
87 517
-
Employer
34 527
-
220 427
-
accident
576
-
3 681
-
unemployment
846
-
5 400
-
pensions
5 614
-
10 992
-
total
7 036
-
20 073
-
Corporate
198 936
240 500
-
-
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.

179 042
216 450
-
-
total
179 042
216 450
-
-
Dividends
19 894
24 050
-
-
withholding
3 780
4 569
-
-
total
3 780
4 569
-
-
Income
240 500
240 500
240 500
240 500
Total tax
202 436
221 019
107 590
76 327
After tax
38 064
19 481
132 910
164 173
Living cost
21 949
21 949
21 949
21 949
Free-cash
16 115
-2 468
110 961
142 224

Estimated living cost  is ₽21949 per week

₽16087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1216
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽219464
₽217775
₽229084
₽183389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
240 500
microenterprise

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

-
-
-
2 405
total
-
-
-
2 405
Employee
11 263
-
240 500
-
income
2 252
-
48 100
-
total
2 252
-
48 100
-
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%.

229 237
240 500
-
-
total
-
-
-
-
Dividends
229 237
240 500
-
-
withholding
11 462
12 025
-
-
total
11 462
12 025
-
-
Income
240 500
240 500
240 500
240 500
Total tax
13 714
12 025
48 100
2 405
After tax
226 786
228 475
192 400
238 095
Living cost
9 011
9 011
9 011
9 011
Free-cash
217 775
219 464
183 389
229 084

Estimated living cost  is ₽9011 per week

₽5584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽150012
₽143248
₽120068
₽118118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
43 267
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.

-
-
-
36 548
other
-
-
-
7 233
health
-
-
-
6 701
total
-
-
-
93 749
Employee
36 360
-
201 731
-
health
509
-
2 132
-
income
6 260
-
42 617
-
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.

2 545
-
10 659
-
unemployment
363
-
1 522
-
total
9 677
-
56 930
-
Employer
36 360
-
201 731
-
accident
291
-
1 613
-
other
1 819
-
7 613
-
unemployment
363
-
1 522
-
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.

6 182
-
25 889
-
health
509
-
2 132
-
total
9 164
-
38 769
-
Corporate
194 977
240 500
-
-
income
40 945
50 506
-
-
total
40 945
50 506
-
-
Dividends
154 032
189 994
-
-
withholding
10 783
13 299
-
-
total
10 783
13 299
-
-
Income
240 500
240 500
240 500
240 500
Total tax
70 569
63 805
95 699
93 749
After tax
169 931
176 695
144 801
146 751
Living cost
26 683
26 683
26 683
26 683
Free-cash
143 248
150 012
118 118
120 068

Estimated living cost  is ₽26683 per week

₽18853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽429
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽83250
₽91362
₽87365
₽65945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
75 429
pensions
-
-
-
10 325
total
-
-
-
85 754
Employee
95 334
-
209 507
-
health
1 571
-
2 792
-
income
17 185
-
61 149
-
pensions
9 197
-
12 240
-
total
27 953
-
76 181
-
Employer
95 334
-
209 507
-
pensions
11 256
-
27 012
-
health
1 811
-
3 981
-
total
13 067
-
30 993
-
Corporate
132 100
240 500
-
-
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.

25 100
45 695
-
-
total
25 100
45 695
-
-
Dividends
107 000
194 805
-
-
withholding
15 637
44 174
-
-
total
15 637
44 174
-
-
Income
240 500
240 500
240 500
240 500
Total tax
81 757
89 869
107 174
85 754
After tax
158 743
150 631
133 326
154 746
Living cost
67 381
67 381
67 381
67 381
Free-cash
91 362
83 250
65 945
87 365

Estimated living cost  is ₽67381 per week

₽50490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽192482
₽187826
₽181930
₽192051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
36 075
pensions

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

-
-
-
5 183
unemployment
-
-
-
140
health
-
-
-
4 027
total
-
-
-
45 425
Employee
17 405
-
233 629
-
health
801
-
1 611
-
accident

We are using the highest rate at 1.1%.

192
-
385
-
income
1 740
-
23 363
-
pensions

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

1 528
-
3 075
-
total
4 261
-
28 434
-
Employer
17 405
-
233 629
-
accident

We are using the highest rate at 1.1%.

192
-
385
-
unemployment
104
-
210
-
pensions

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

1 918
-
3 859
-
health
1 201
-
2 416
-
total
3 415
-
6 870
-
Corporate
219 679
240 500
-
-
income
21 968
24 050
-
-
total
21 968
24 050
-
-
Dividends
197 711
216 450
-
-
withholding
9 885
10 823
-
-
total
9 885
10 823
-
-
Income
240 500
240 500
240 500
240 500
Total tax
39 529
34 873
35 304
45 425
After tax
200 971
205 627
205 196
195 075
Living cost
13 145
13 145
13 145
13 145
Free-cash
187 826
192 482
192 051
181 930

Estimated living cost  is ₽13145 per week

₽7674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽64495
₽67013
₽72787
₽98255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
88 103
pensions
-
-
-
11 733
health
-
-
-
12 348
total
-
-
-
112 184
Employee
92 843
85 516
221 890
-
health
11 583
11 165
12 348
-
income

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

13 998
13 998
44 025
-
pensions
11 733
11 733
11 733
-
total
37 314
36 896
68 106
-
Employer
92 843
85 516
221 890
-
unemployment
3 343
3 079
3 825
-
pensions
6 461
5 952
7 398
-
health
6 452
5 944
7 387
-
total
16 256
14 975
18 610
-
Corporate
131 402
140 009
-
-
income
26 280
28 002
-
-
total
26 280
28 002
-
-
Dividends
105 122
112 008
-
-
income
22 339
23 802
-
-
withholding
15 769
16 801
-
-
total
38 108
40 603
-
-
Income
240 500
240 500
240 500
240 500
Total tax
117 958
120 476
86 716
112 184
After tax
122 542
120 024
153 784
128 316
Living cost
55 529
55 529
55 529
55 529
Free-cash
67 013
64 495
98 255
72 787

Estimated living cost  is ₽55529 per week

₽40962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽637
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141498
₽132906
₽119455
₽108704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
26 006
health
-
-
-
32 467
solidarity contribution
-
-
-
3 828
social contributions
-
-
-
34 658
total
-
-
-
96 959
Employee
35 420
-
193 419
-
social contributions
2 302
-
7 715
-
health
4 782
-
26 112
-
solidarity contribution
-
-
2 863
-
income
4 250
-
23 939
-
total
11 334
-
60 629
-
Employer
35 420
-
193 419
-
social contributions
8 855
-
29 673
-
health
3 188
-
17 408
-
total
12 043
-
47 081
-
Corporate
193 037
240 500
-
-
income
36 677
45 695
-
-
total
36 677
45 695
-
-
Dividends
156 360
194 805
-
-
withholding
23 454
29 221
-
-
total
23 454
29 221
-
-
Income
240 500
240 500
240 500
240 500
Total tax
83 508
74 916
107 710
96 959
After tax
156 992
165 584
132 790
143 541
Living cost
24 086
24 086
24 086
24 086
Free-cash
132 906
141 498
108 704
119 455

Estimated living cost  is ₽24086 per week

₽16730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86061
₽80834
₽74605
₽66113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
1 522
regional
-
-
-
3 113
national
-
-
-
68 884
social contributions
-
-
-
50 120
total
-
-
-
123 639
Employee
88 999
-
240 500
-
social contributions
30 010
-
65 709
-
regional
840
-
2 842
-
municipal
471
-
1 399
-
national
15 421
-
62 181
-
total
46 742
-
132 131
-
Employer
88 999
-
240 500
-
total
-
-
-
-
Corporate
151 501
240 500
-
-
nationa
36 359
57 719
-
-
municipal
5 908
9 380
-
-
total
42 267
67 099
-
-
Dividends
109 234
173 400
-
-
withholding
28 401
45 084
-
-
total
28 401
45 084
-
-
Income
240 500
240 500
240 500
240 500
Total tax
117 410
112 183
132 131
123 639
After tax
123 090
128 317
108 369
116 861
Living cost
42 256
42 256
42 256
42 256
Free-cash
80 834
86 061
66 113
74 605

Estimated living cost  is ₽42256 per week

₽29455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽648
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽129177
₽126059
₽90864
₽84738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
77 761
pensions
-
-
-
26 730
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
9 488
surtax
-
-
-
13 331
total
-
-
-
127 538
Employee
33 116
-
212 367
-
other
-
-
-
-
health
846
-
3 407
-
surtax
108
-
12 134
-
income
5 551
-
71 773
-
pensions
2 208
-
8 915
-
unemployment
2 305
-
9 302
-
total
11 018
-
105 531
-
Employer
33 116
-
212 367
-
other
-
-
-
-
unemployment
1 049
-
4 236
-
pensions
4 415
-
17 816
-
health
1 507
-
6 081
-
total
6 971
-
28 133
-
Corporate
200 414
240 500
-
-
income
52 108
62 529
-
-
total
52 108
62 529
-
-
Dividends
148 306
177 971
-
-
withholding
22 246
26 696
-
-
total
22 246
26 696
-
-
Income
240 500
240 500
240 500
240 500
Total tax
92 343
89 225
133 664
127 538
After tax
148 157
151 275
106 836
112 962
Living cost
22 098
22 098
22 098
22 098
Free-cash
126 059
129 177
84 738
90 864

Estimated living cost  is ₽22098 per week

₽13512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽509
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104598
₽111253
₽108713
₽87293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
75 429
pensions
-
-
-
10 325
total
-
-
-
85 754
Employee
63 890
-
209 507
-
health
927
-
2 792
-
income
11 507
-
61 149
-
pensions
5 423
-
12 240
-
total
17 857
-
76 181
-
Employer
63 890
-
209 507
-
pensions
6 916
-
27 012
-
health
1 214
-
3 981
-
total
8 130
-
30 993
-
Corporate
168 480
240 500
-
-
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.

32 011
45 695
-
-
total
32 011
45 695
-
-
Dividends
136 469
194 805
-
-
withholding
25 216
44 174
-
-
total
25 216
44 174
-
-
Income
240 500
240 500
240 500
240 500
Total tax
83 214
89 869
107 174
85 754
After tax
157 286
150 631
133 326
154 746
Living cost
46 033
46 033
46 033
46 033
Free-cash
111 253
104 598
87 293
108 713

Estimated living cost  is ₽46033 per week

₽34487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽34334
₽66697
₽113768
₽106087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
city
-
-
-
2 535
pensions
-
-
-
22 126
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.

-
-
-
4 810
regional
-
-
-
13 999
health
-
-
-
542
national
-
-
-
7 079
total
-
-
-
51 091
Employee
88 519
-
216 907
-
city
950
-
2 353
-
regional
2 899
-
12 537
-
health
200
-
488
-
pensions
7 437
-
16 381
-
unemployment
-
-
-
-
national
419
-
5 806
-
total
11 905
-
37 565
-
Employer
88 519
-
216 907
-
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.

1 770
-
4 338
-
unemployment
-
-
-
-
pensions
7 437
-
16 381
-
health
200
-
488
-
total
9 407
-
21 207
-
Corporate
141 601
240 500
-
-
regional
29 949
50 865
-
-
national
12 035
20 443
-
-
total
41 984
71 308
-
-
Dividends
99 616
169 192
-
-
withholding
34 866
59 217
-
-
total
34 866
59 217
-
-
Income
240 500
240 500
240 500
240 500
Total tax
98 162
130 525
58 772
51 091
After tax
142 338
109 975
181 728
189 409
Living cost
75 641
75 641
75 641
75 641
Free-cash
66 697
34 334
106 087
113 768

Estimated living cost  is ₽75641 per week

₽49188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽929
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽72848
₽89081
₽68594
₽101856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
trade
-
-
-
33 262
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.

-
-
-
81 449
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.

-
-
-
6 841
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.

-
-
-
4 479
total
-
-
-
126 031
Employee

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

60 183
-
240 500
-
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.

6 841
-
6 841
-
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.

390
-
4 479
-
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.

7 077
-
81 449
-
total
14 308
-
92 769
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
180 317
240 500
-
-
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
1 984
-
-
income
27 048
36 074
-
-
trade
30 924
41 245
-
-
chamber of commerce
407
490
-
-
total
59 867
79 793
-
-
Dividends
120 451
160 706
-
-
surtax

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

1 636
2 189
-
-
withholding
29 733
39 795
-
-
total
31 369
41 984
-
-
Income
240 500
240 500
240 500
240 500
Total tax
105 544
121 777
92 769
126 031
After tax
134 956
118 723
147 731
114 469
Living cost
45 875
45 875
45 875
45 875
Free-cash
89 081
72 848
101 856
68 594

Estimated living cost  is ₽45875 per week

₽33505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86950
₽92864
₽96024
₽88014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
46 961
pensions
-
-
-
36 774
other
-
-
-
7 455
health
-
-
-
12 172
surtax
-
-
-
-
social contributions
-
-
-
6 853
total
-
-
-
110 215
Employee
42 859
-
182 781
-
social contributions
1 222
-
5 207
-
surtax
-
-
-
-
income
2 529
-
41 197
-
pensions
4 846
-
14 101
-
total
8 597
-
60 505
-
Employer
42 859
-
182 781
-
other
1 478
-
7 722
-
social contributions
129
-
549
-
unemployment
1 735
-
7 402
-
pensions
7 041
-
23 489
-
health
3 001
-
18 558
-
total
13 384
-
57 720
-
Corporate
184 257
240 500
-
-
surtax
-
-
-
-
income
51 593
67 341
-
-
total
51 593
67 341
-
-
Dividends
132 665
173 159
-
-
surtax
-
-
-
-
social contributions
22 819
29 784
-
-
withholding
16 982
22 164
-
-
total
39 801
51 948
-
-
Income
240 500
240 500
240 500
240 500
Total tax
113 375
119 289
118 225
110 215
After tax
127 125
121 211
122 275
130 285
Living cost
34 261
34 261
34 261
34 261
Free-cash
92 864
86 950
88 014
96 024

Estimated living cost  is ₽34261 per week

₽21603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2786
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.
₽9291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90344
₽95910
₽99418
₽91408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
46 961
pensions
-
-
-
36 774
other
-
-
-
7 455
health
-
-
-
12 172
surtax
-
-
-
-
social contributions
-
-
-
6 853
total
-
-
-
110 215
Employee
38 257
-
182 781
-
social contributions
1 091
-
5 207
-
surtax
-
-
-
-
income
1 973
-
41 197
-
pensions
4 327
-
14 101
-
total
7 391
-
60 505
-
Employer
38 257
-
182 781
-
other
1 321
-
7 722
-
social contributions
114
-
549
-
unemployment
1 549
-
7 402
-
pensions
6 286
-
23 489
-
health
2 678
-
18 558
-
total
11 948
-
57 720
-
Corporate
190 295
240 500
-
-
surtax
-
-
-
-
income
53 282
67 341
-
-
total
53 282
67 341
-
-
Dividends
137 013
173 159
-
-
surtax
-
-
-
-
social contributions
23 564
29 784
-
-
withholding
17 538
22 164
-
-
total
41 102
51 948
-
-
Income
240 500
240 500
240 500
240 500
Total tax
113 723
119 289
118 225
110 215
After tax
126 777
121 211
122 275
130 285
Living cost
30 867
30 867
30 867
30 867
Free-cash
95 910
90 344
91 408
99 418

Estimated living cost  is ₽30867 per week

₽17901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125493
₽126013
₽133214
₽126370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
36 074
health
-
-
-
16 788
social contributions
-
-
-
33 190
total
-
-
-
86 052
Employee
33 954
-
240 500
-
social contributions
4 686
-
33 190
-
health
2 370
-
16 788
-
income
5 663
-
42 918
-
total
12 719
-
92 896
-
Employer
33 954
-
240 500
-
total
-
-
-
-
Corporate
206 546
240 500
-
-
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%.

10 327
12 025
-
-
total
10 327
12 025
-
-
Dividends
196 220
228 475
-
-
health
13 696
15 948
-
-
social contributions
27 078
31 529
-
-
withholding
29 433
34 271
-
-
total
70 207
81 748
-
-
Income
240 500
240 500
240 500
240 500
Total tax
93 253
93 773
92 896
86 052
After tax
147 247
146 727
147 604
154 448
Living cost
21 234
21 234
21 234
21 234
Free-cash
126 013
125 493
126 370
133 214

Estimated living cost  is ₽21234 per week

₽14211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97168
₽95621
₽87671
₽27438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
chamber of commerce
-
-
-
962
income
-
-
-
79 649
pensions
-
-
-
21 643
unemployment
-
-
-
6 142
health
-
-
-
8 949
surtax
-
-
-
198
total
-
-
-
117 543
Employee
50 046
39 907
200 536
-
other
500
399
1 171
-
health
1 936
1 545
4 527
-
income
5 697
2 944
67 440
-
pensions
5 125
4 086
11 980
-
unemployment
1 501
1 197
3 510
-
total
14 759
10 171
88 628
-
Employer
50 046
39 907
200 536
-
accident
650
519
1 520
-
other
2 377
1 895
8 814
-
chamber of commerce
200
160
802
-
unemployment
1 501
1 197
3 510
-
surtax
198
198
198
-
pensions
6 281
5 009
14 682
-
payroll
1 501
1 197
6 017
-
health
1 891
1 509
4 422
-
total
14 599
11 684
39 965
-
Corporate
175 856
188 909
196 735
-
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.

43 965
47 228
49 183
-
total
43 965
47 228
49 183
-
Dividends
131 891
141 682
-
-
withholding
36 270
38 963
-
-
total
36 270
38 963
-
-
Income
240 500
240 500
240 500
240 500
Total tax
109 593
108 046
177 776
117 543
After tax
130 907
132 454
62 724
122 957
Living cost
35 286
35 286
35 286
35 286
Free-cash
95 621
97 168
27 438
87 671

Estimated living cost  is ₽35286 per week

₽23534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3010
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.
₽8162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94615
₽82839
₽68167
₽44582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
national
-
-
-
97 921
communal

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

-
-
-
12 932
social contributions
-
-
-
24 967
total
-
-
-
135 820
Employee

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

71 631
-
186 273
-
communal

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

3 736
-
9 717
-
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.

3 366
-
8 755
-
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.

5 372
-
13 971
-
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.

623
-
1 621
-
national
22 022
-
71 117
-
total
35 119
-
105 181
-
Employer

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

71 631
-
186 273
-
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.

931
-
2 421
-
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.

1 045
-
2 719
-
surtax
8 122
-
21 124
-
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.

6 347
-
16 505
-
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.

4 405
-
11 455
-
total
20 850
-
54 224
-
Corporate
148 018
240 500
-
-
surtax
593
1 053
-
-
income
29 604
52 642
-
-
total
30 197
53 695
-
-
Dividends
117 822
186 806
-
-
withholding

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

34 982
55 677
-
-
total
34 982
55 677
-
-
Income
240 500
240 500
240 500
240 500
Total tax
121 148
109 372
159 405
135 820
After tax
119 352
131 128
81 095
104 680
Living cost
36 513
36 513
36 513
36 513
Free-cash
82 839
94 615
44 582
68 167

Estimated living cost  is ₽36513 per week

₽23519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3193
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.
₽9230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123371
₽116511
₽98085
₽93884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
836
income
-
-
-
78 404
pensions
-
-
-
26 267
other
-
-
-
93
unemployment
-
-
-
650
total
-
-
-
106 250
Employee
49 847
-
210 910
-
other
49
-
93
-
income
10 518
-
74 966
-
pensions
2 343
-
4 363
-
unemployment
773
-
1 439
-
total
13 683
-
80 861
-
Employer
49 847
-
210 910
-
accident
986
-
1 838
-
other
397
-
743
-
unemployment
2 742
-
5 104
-
pensions
11 763
-
21 905
-
total
15 888
-
29 590
-
Corporate
174 764
240 500
-
-
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.

26 215
36 074
-
-
total
26 215
36 074
-
-
Dividends
148 548
204 426
-
-
withholding
32 038
44 890
-
-
total
32 038
44 890
-
-
Income
240 500
240 500
240 500
240 500
Total tax
87 824
80 964
110 451
106 250
After tax
152 676
159 536
130 049
134 250
Living cost
36 165
36 165
36 165
36 165
Free-cash
116 511
123 371
93 884
98 085

Estimated living cost  is ₽36165 per week

₽26632
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2565
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.
₽6446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80443
₽66671
₽57601
₽66893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
2 007
income
-
-
-
46 889
pensions
-
-
-
35 692
health
-
-
-
16 731
surtax
-
-
-
11 961
communal
-
-
-
15 199
total
-
-
-
128 479
Employee
75 836
-
214 828
-
health
3 375
-
9 561
-
surtax
4 648
-
13 166
-
income
7 325
-
53 601
-
pensions
6 066
-
17 187
-
total
21 414
-
93 515
-
Employer
75 836
-
214 828
-
accident
682
-
1 933
-
pensions
6 066
-
17 187
-
health
2 313
-
6 552
-
total
9 061
-
25 672
-
Corporate
155 604
240 500
-
-
surtax
1 634
2 526
-
-
communal
10 503
16 233
-
-
income
23 340
36 074
-
-
total
35 477
54 833
-
-
Dividends
120 126
185 667
-
-
income
35 438
22 954
-
-
withholding
18 019
27 850
-
-
total
53 457
50 804
-
-
Income
240 500
240 500
240 500
240 500
Total tax
119 409
105 637
119 187
128 479
After tax
121 091
134 863
121 313
112 021
Living cost
54 420
54 420
54 420
54 420
Free-cash
66 671
80 443
66 893
57 601

Estimated living cost  is ₽54420 per week

₽40823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽9722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128782
₽125595
₽90469
₽84343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
77 761
pensions
-
-
-
26 730
other
-
-
-
-
unemployment
-
-
-
228
health
-
-
-
9 488
surtax
-
-
-
13 331
total
-
-
-
127 538
Employee
33 724
-
212 367
-
other
-
-
-
-
health
861
-
3 407
-
surtax
120
-
12 134
-
income
5 654
-
71 773
-
pensions
2 250
-
8 915
-
unemployment
2 347
-
9 302
-
total
11 232
-
105 531
-
Employer
33 724
-
212 367
-
other
-
-
-
-
unemployment
1 070
-
4 236
-
pensions
4 496
-
17 816
-
health
1 534
-
6 081
-
total
7 100
-
28 133
-
Corporate
199 677
240 500
-
-
income
51 916
62 529
-
-
total
51 916
62 529
-
-
Dividends
147 761
177 971
-
-
withholding
22 164
26 696
-
-
total
22 164
26 696
-
-
Income
240 500
240 500
240 500
240 500
Total tax
92 412
89 225
133 664
127 538
After tax
148 088
151 275
106 836
112 962
Living cost
22 493
22 493
22 493
22 493
Free-cash
125 595
128 782
84 343
90 469

Estimated living cost  is ₽22493 per week

₽13580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99437
₽97211
₽89134
₽80686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
1 522
regional
-
-
-
3 864
national
-
-
-
68 884
social contributions
-
-
-
50 120
total
-
-
-
124 390
Employee
55 549
-
240 500
-
social contributions
18 732
-
65 709
-
regional
748
-
3 549
-
municipal
295
-
1 399
-
national
8 801
-
62 181
-
total
28 576
-
132 838
-
Employer
55 549
-
240 500
-
total
-
-
-
-
Corporate
184 951
240 500
-
-
nationa
44 388
57 719
-
-
municipal
9 192
11 953
-
-
total
53 580
69 672
-
-
Dividends
131 370
170 827
-
-
withholding
34 157
44 415
-
-
total
34 157
44 415
-
-
Income
240 500
240 500
240 500
240 500
Total tax
116 313
114 087
132 838
124 390
After tax
124 187
126 413
107 662
116 110
Living cost
26 976
26 976
26 976
26 976
Free-cash
97 211
99 437
80 686
89 134

Estimated living cost  is ₽26976 per week

₽16776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽135904
₽125315
₽113861
₽103110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
26 006
health
-
-
-
32 467
solidarity contribution
-
-
-
3 828
social contributions
-
-
-
34 658
total
-
-
-
96 959
Employee
43 647
-
193 419
-
social contributions
2 837
-
7 715
-
health
5 892
-
26 112
-
solidarity contribution
-
-
2 863
-
income
5 238
-
23 939
-
total
13 967
-
60 629
-
Employer
43 647
-
193 419
-
social contributions
10 912
-
29 673
-
health
3 928
-
17 408
-
total
14 840
-
47 081
-
Corporate
182 013
240 500
-
-
income
34 583
45 695
-
-
total
34 583
45 695
-
-
Dividends
147 431
194 805
-
-
withholding
22 115
29 221
-
-
total
22 115
29 221
-
-
Income
240 500
240 500
240 500
240 500
Total tax
85 505
74 916
107 710
96 959
After tax
154 995
165 584
132 790
143 541
Living cost
29 680
29 680
29 680
29 680
Free-cash
125 315
135 904
103 110
113 861

Estimated living cost  is ₽29680 per week

₽22072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1644
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.
₽5450
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽100615
₽100120
₽91207
₽30821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
chamber of commerce
-
-
-
962
income
-
-
-
79 649
pensions
-
-
-
21 643
unemployment
-
-
-
6 142
health
-
-
-
8 949
surtax
-
-
-
-
total
-
-
-
117 345
Employee
43 774
39 907
200 720
-
other
437
399
1 171
-
health
1 693
1 545
4 527
-
income
3 900
2 944
67 533
-
pensions
4 483
4 086
11 980
-
unemployment
1 313
1 197
3 510
-
total
11 826
10 171
88 721
-
Employer
43 774
39 907
200 720
-
accident
568
519
1 520
-
other
2 079
1 895
8 821
-
chamber of commerce
175
160
802
-
unemployment
1 313
1 197
3 510
-
surtax
-
-
-
-
pensions
5 494
5 009
14 682
-
payroll
1 313
1 197
6 022
-
health
1 655
1 509
4 422
-
total
12 597
11 486
39 779
-
Corporate
184 128
189 107
196 919
-
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.

46 032
47 277
49 231
-
total
46 032
47 277
49 231
-
Dividends
138 096
141 830
-
-
withholding
37 977
39 003
-
-
total
37 977
39 003
-
-
Income
240 500
240 500
240 500
240 500
Total tax
108 432
107 937
177 731
117 345
After tax
132 068
132 563
62 769
123 155
Living cost
31 948
31 948
31 948
31 948
Free-cash
100 120
100 615
30 821
91 207

Estimated living cost  is ₽31948 per week

₽19165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽214433
₽211800
₽224053
₽178358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
240 500
microenterprise

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

-
-
-
2 405
total
-
-
-
2 405
Employee
17 553
-
240 500
-
income
3 511
-
48 100
-
total
3 511
-
48 100
-
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%.

222 947
240 500
-
-
total
-
-
-
-
Dividends
222 947
240 500
-
-
withholding
11 147
12 025
-
-
total
11 147
12 025
-
-
Income
240 500
240 500
240 500
240 500
Total tax
14 658
12 025
48 100
2 405
After tax
225 842
228 475
192 400
238 095
Living cost
14 042
14 042
14 042
14 042
Free-cash
211 800
214 433
178 358
224 053

Estimated living cost  is ₽14042 per week

₽9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3479
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138724
₽130348
₽83190
₽77970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
income
-
-
-
62 503
pensions
-
-
-
43 921
unemployment
-
-
-
361
health
-
-
-
23 665
total
-
-
-
130 450
Employee

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

44 282
-
208 097
-
health
2 860
-
13 443
-
income
7 636
-
57 281
-
pensions
6 864
-
32 255
-
unemployment
63
-
291
-
total
17 423
-
103 270
-
Employer

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

44 282
-
208 097
-
unemployment
27
-
125
-
pensions
3 919
-
18 416
-
health
2 949
-
13 859
-
total
6 895
-
32 400
-
Corporate
189 323
240 500
-
-
income
35 972
45 696
-
-
total
35 972
45 696
-
-
Dividends
153 351
194 804
-
-
withholding
23 002
29 220
-
-
total
23 002
29 220
-
-
Income
240 500
240 500
240 500
240 500
Total tax
83 292
74 916
135 670
130 450
After tax
157 208
165 584
104 830
110 050
Living cost
26 860
26 860
26 860
26 860
Free-cash
130 348
138 724
77 970
83 190

Estimated living cost  is ₽26860 per week

₽18433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1722
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.
₽6186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103204
₽55673
₽123089
₽184239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
46 878
social contributions
-
-
-
27 417
total
-
-
-
74 295
Employee
61 823
-
-
-
social contributions
5 070
-
722
-
income
13 637
-
-
-
total
18 707
-
722
-
Employer
61 823
-
-
-
social contributions
87 170
-
12 423
-
total
87 170
-
12 423
-
Corporate
91 507
240 500
-
-
income
20 131
52 910
-
-
total
20 131
52 910
-
-
Dividends
71 375
187 590
-
-
income
15 703
41 270
-
-
total
15 703
41 270
-
-
Income
240 500
240 500
240 500
240 500
Total tax
141 711
94 180
13 145
74 295
After tax
98 789
146 320
227 355
166 205
Living cost
43 116
43 116
43 116
43 116
Free-cash
55 673
103 204
184 239
123 089

Estimated living cost  is ₽43116 per week

₽27976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105385
₽104378
₽93275
₽73927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
income
-
-
-
32 240
surtax
-
-
-
-
social contributions

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

-
-
-
83 574
total
-
-
-
115 814
Employee
46 057
-
194 342
-
social contributions
5 066
-
21 377
-
surtax
-
-
523
-
income
9 580
-
67 106
-
total
14 646
-
89 006
-
Employer
46 057
-
194 342
-
social contributions
10 938
-
46 156
-
total
10 938
-
46 156
-
Corporate
183 505
240 500
-
-
surtax
-
-
-
-
income
38 535
50 506
-
-
total
38 535
50 506
-
-
Dividends
144 969
189 994
-
-
withholding
40 592
53 198
-
-
total
40 592
53 198
-
-
Income
240 500
240 500
240 500
240 500
Total tax
104 711
103 704
135 162
115 814
After tax
135 789
136 796
105 338
124 686
Living cost
31 411
31 411
31 411
31 411
Free-cash
104 378
105 385
73 927
93 275

Estimated living cost  is ₽31411 per week

₽23502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽72844
₽79728
₽81919
₽73909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
46 961
pensions
-
-
-
36 774
other
-
-
-
7 455
health
-
-
-
12 172
surtax
-
-
-
-
social contributions
-
-
-
6 853
total
-
-
-
110 215
Employee
62 720
-
182 781
-
social contributions
1 786
-
5 207
-
surtax
-
-
-
-
income
5 472
-
41 197
-
pensions
7 094
-
14 101
-
total
14 352
-
60 505
-
Employer
62 720
-
182 781
-
other
2 165
-
7 722
-
social contributions
188
-
549
-
unemployment
2 541
-
7 402
-
pensions
10 306
-
23 489
-
health
4 390
-
18 558
-
total
19 590
-
57 720
-
Corporate
158 191
240 500
-
-
surtax
-
-
-
-
income
44 293
67 341
-
-
total
44 293
67 341
-
-
Dividends
113 898
173 159
-
-
surtax
-
-
-
-
social contributions
19 591
29 784
-
-
withholding
14 580
22 164
-
-
total
34 171
51 948
-
-
Income
240 500
240 500
240 500
240 500
Total tax
112 406
119 289
118 225
110 215
After tax
128 094
121 211
122 275
130 285
Living cost
48 366
48 366
48 366
48 366
Free-cash
79 728
72 844
73 909
81 919

Estimated living cost  is ₽48366 per week

₽32734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3957
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.
₽11013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186347
₽182984
₽144809
₽151200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
12 677
social contributions
-
-
-
52 912
total
-
-
-
65 589
Employee
32 194
-
208 224
-
income
-
-
13 388
-
social contributions
2 092
-
13 534
-
total
2 092
-
26 922
-
Employer
32 194
-
208 224
-
social contributions
4 990
-
32 276
-
total
4 990
-
32 276
-
Corporate
203 316
240 500
-
-
income
20 332
24 051
-
-
total
20 332
24 051
-
-
Dividends
182 984
216 449
-
-
total
-
-
-
-
Income
240 500
240 500
240 500
240 500
Total tax
27 414
24 051
59 198
65 589
After tax
213 086
216 449
181 302
174 911
Living cost
30 102
30 102
30 102
30 102
Free-cash
182 984
186 347
151 200
144 809

Estimated living cost  is ₽30102 per week

₽19463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2269
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.
₽7803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22210
₽12112
₽89892
₽22210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
51 998
pensions
-
-
-
868
national
-
-
-
30 320
labour market
-
-
-
19 171
total
-
-
-
102 357
Employee
203 657
203 657
203 657
-
labour market
16 269
16 269
16 269
-
national
24 880
24 880
24 880
-
municipal
43 368
43 368
43 368
-
pensions
289
289
289
-
total
84 806
84 806
84 806
-
Employer
203 657
203 657
203 657
-
labour market
16 293
16 293
16 293
-
municipal
43 437
43 437
43 437
-
pensions
579
579
579
-
national
24 924
24 924
24 924
-
total
85 233
85 233
85 233
-
Corporate
22 210
-
-
-
income
4 886
-
-
-
total
4 886
-
-
-
Dividends
17 324
-
-
-
withholding
5 212
-
-
-
total
5 212
-
-
-
Income
240 500
240 500
240 500
240 500
Total tax
180 137
170 039
170 039
102 357
After tax
60 363
70 461
70 461
138 143
Living cost
48 251
48 251
48 251
48 251
Free-cash
12 112
22 210
22 210
89 892

Estimated living cost  is ₽48251 per week

₽33024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽742
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2144
₽16163
₽142548
₽111285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
252
income
-
-
-
69 378
pensions
-
-
-
4 151
other
-
-
-
370
health
-
-
-
2 176
total
-
-
-
76 327
Employee
34 018
-
220 427
-
health
3 895
-
25 239
-
income
4 667
-
54 666
-
pensions
3 831
-
7 612
-
total
12 393
-
87 517
-
Employer
34 018
-
220 427
-
accident
568
-
3 681
-
unemployment
834
-
5 400
-
pensions
5 531
-
10 992
-
total
6 933
-
20 073
-
Corporate
199 549
240 500
-
-
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.

179 594
216 450
-
-
total
179 594
216 450
-
-
Dividends
19 955
24 050
-
-
withholding
3 792
4 569
-
-
total
3 792
4 569
-
-
Income
240 500
240 500
240 500
240 500
Total tax
202 712
221 019
107 590
76 327
After tax
37 788
19 481
132 910
164 173
Living cost
21 625
21 625
21 625
21 625
Free-cash
16 163
-2 144
111 285
142 548

Estimated living cost  is ₽21625 per week

₽15741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1233
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽406
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽108273
₽111365
₽107358
₽79811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
240 500
municipal
-
-
-
42 699
health
-
-
-
3 286
national
-
-
-
48 710
total
-
-
-
94 695
Employee
52 686
-
202 322
-
health
393
-
2 699
-
municipal
8 630
-
32 927
-
pensions
3 556
-
13 656
-
unemployment
791
-
3 035
-
national
870
-
31 748
-
total
14 240
-
84 065
-
Employer
52 686
-
202 322
-
accident
53
-
201
-
unemployment
342
-
1 315
-
pensions
9 141
-
35 103
-
health
405
-
1 558
-
total
9 941
-
38 177
-
Corporate
177 873
240 500
-
-
income
35 575
48 100
-
-
total
35 575
48 100
-
-
Dividends

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

106 724
144 300
-
-
national
11 721
19 706
-
-
municipal
19 211
25 974
-
-
total
30 932
45 680
-
-
Income
240 500
240 500
240 500
240 500
Total tax
90 688
93 780
122 242
94 695
After tax
149 812
146 720
118 258
145 805
Living cost
38 447
38 447
38 447
38 447
Free-cash
111 365
108 273
79 811
107 358

Estimated living cost  is ₽38447 per week

₽25113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽612
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽152053
₽146604
₽137988
₽136045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
56 993
health
-
-
-
6 132
social contributions
-
-
-
16 202
total
-
-
-
79 327
Employee
77 003
77 003
227 669
-
social contributions
2 911
6 391
8 620
-
health
597
1 309
3 871
-
income
8 384
7 128
55 948
-
total
11 892
14 828
68 439
-
Employer
77 003
77 003
227 669
-
social contributions
2 911
6 391
8 620
-
health
648
1 425
4 211
-
total
3 559
7 816
12 831
-
Corporate
201 863
155 681
-
-
income
25 233
19 460
-
-
total
25 233
19 460
-
-
Dividends
176 630
136 221
-
-
withholding
30 027
23 158
-
-
total
30 027
23 158
-
-
Income
240 500
240 500
240 500
240 500
Total tax
70 711
65 262
81 270
79 327
After tax
169 789
175 238
159 230
161 173
Living cost
23 185
23 185
23 185
23 185
Free-cash
146 604
152 053
136 045
137 988

Estimated living cost  is ₽23185 per week

₽13895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2275
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.
₽6503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽183259
₽178165
₽189579
₽169493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
240 500
income
-
-
-
24 999
pensions
-
-
-
6 370
unemployment
-
-
-
29
health
-
-
-
3 624
total
-
-
-
35 022
Employee

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

22 986
-
230 713
-
health
1 954
-
8 077
-
income
1 572
-
22 516
-
pensions
3 447
-
14 253
-
unemployment
114
-
475
-
total
7 087
-
45 321
-
Employer

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

22 986
-
230 713
-
unemployment
114
-
475
-
pensions
1 264
-
5 226
-
health
988
-
4 086
-
total
2 366
-
9 787
-
Corporate
215 148
240 500
-
-
income
19 363
21 645
-
-
total
19 363
21 645
-
-
Dividends
195 786
218 855
-
-
withholding
17 620
19 697
-
-
total
17 620
19 697
-
-
Income
240 500
240 500
240 500
240 500
Total tax
46 436
41 342
55 108
35 022
After tax
194 064
199 158
185 392
205 478
Living cost
15 899
15 899
15 899
15 899
Free-cash
178 165
183 259
169 493
189 579

Estimated living cost  is ₽15899 per week

₽10144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1146
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.
₽4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131999
₽127575
₽106713
₽102512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
836
income
-
-
-
78 404
pensions
-
-
-
26 267
other
-
-
-
93
unemployment
-
-
-
650
total
-
-
-
106 250
Employee
37 028
-
210 910
-
other
36
-
93
-
income
7 139
-
74 966
-
pensions
1 741
-
4 363
-
unemployment
574
-
1 439
-
total
9 490
-
80 861
-
Employer
37 028
-
210 910
-
accident
734
-
1 838
-
other
296
-
743
-
unemployment
2 037
-
5 104
-
pensions
8 738
-
21 905
-
total
11 805
-
29 590
-
Corporate
191 667
240 500
-
-
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.

28 750
36 074
-
-
total
28 750
36 074
-
-
Dividends
162 917
204 426
-
-
withholding
35 343
44 890
-
-
total
35 343
44 890
-
-
Income
240 500
240 500
240 500
240 500
Total tax
85 388
80 964
110 451
106 250
After tax
155 112
159 536
130 049
134 250
Living cost
27 537
27 537
27 537
27 537
Free-cash
127 575
131 999
102 512
106 713

Estimated living cost  is ₽27537 per week

₽18587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2647
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.
₽5821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽147333
₽146883
₽151977
₽151782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
82 337
pensions
-
-
-
1 998
health
-
-
-
1 449
total
-
-
-
85 784
Employee
4 172
-
238 252
-
health
209
-
500
-
income
807
-
82 232
-
pensions
375
-
899
-
unemployment
42
-
100
-
total
1 433
-
83 731
-
Employer
4 172
-
238 252
-
unemployment
83
-
200
-
pensions
459
-
1 099
-
health
396
-
949
-
total
938
-
2 248
-
Corporate
235 389
240 500
-
-
income
51 786
52 910
-
-
total
51 786
52 910
-
-
Dividends
183 603
187 590
-
-
withholding
36 721
37 518
-
-
total
36 721
37 518
-
-
Income
240 500
240 500
240 500
240 500
Total tax
90 878
90 428
85 979
85 784
After tax
149 622
150 072
154 521
154 716
Living cost
2 739
2 739
2 739
2 739
Free-cash
146 883
147 333
151 782
151 977

Estimated living cost  is ₽2739 per week

₽1628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽156442
₽151515
₽139263
₽139262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
income
-
-
-
55 942
pensions
-
-
-
19 243
unemployment
-
-
-
1 110
health
-
-
-
7 623
total
-
-
-
83 918
Employee

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

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

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

26 117
-
227 252
-
health
1 345
-
3 812
-
income
3 600
-
55 942
-
pensions
3 656
-
10 362
-
unemployment
196
-
555
-
total
8 797
-
70 671
-
Employer

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

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

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

26 117
-
227 252
-
unemployment
196
-
555
-
pensions
3 134
-
8 881
-
health
1 345
-
3 812
-
total
4 675
-
13 248
-
Corporate
209 709
240 500
-
-
income
31 456
36 075
-
-
total
31 456
36 075
-
-
Dividends
178 252
204 425
-
-
withholding
26 738
30 664
-
-
total
26 738
30 664
-
-
Income
240 500
240 500
240 500
240 500
Total tax
71 666
66 739
83 919
83 918
After tax
168 834
173 761
156 581
156 582
Living cost
17 319
17 319
17 319
17 319
Free-cash
151 515
156 442
139 262
139 263

Estimated living cost  is ₽17319 per week

₽11661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽109799
₽109438
₽97689
₽78341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
income
-
-
-
32 240
surtax
-
-
-
-
social contributions

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

-
-
-
83 574
total
-
-
-
115 814
Employee
38 867
-
194 342
-
social contributions
4 276
-
21 377
-
surtax
-
-
523
-
income
7 594
-
67 106
-
total
11 870
-
89 006
-
Employer
38 867
-
194 342
-
social contributions
9 230
-
46 156
-
total
9 230
-
46 156
-
Corporate
192 403
240 500
-
-
surtax
-
-
-
-
income
40 405
50 506
-
-
total
40 405
50 506
-
-
Dividends
151 998
189 994
-
-
withholding
42 560
53 198
-
-
total
42 560
53 198
-
-
Income
240 500
240 500
240 500
240 500
Total tax
104 065
103 704
135 162
115 814
After tax
136 435
136 796
105 338
124 686
Living cost
26 997
26 997
26 997
26 997
Free-cash
109 438
109 799
78 341
97 689

Estimated living cost  is ₽26997 per week

₽19121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1876
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.
₽5522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124342
₽117787
₽99056
₽94855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
836
income
-
-
-
78 404
pensions
-
-
-
26 267
other
-
-
-
93
unemployment
-
-
-
650
total
-
-
-
106 250
Employee
48 363
-
210 910
-
other
48
-
93
-
income
10 101
-
74 966
-
pensions
2 273
-
4 363
-
unemployment
749
-
1 439
-
total
13 171
-
80 861
-
Employer
48 363
-
210 910
-
accident
958
-
1 838
-
other
388
-
743
-
unemployment
2 660
-
5 104
-
pensions
11 414
-
21 905
-
total
15 420
-
29 590
-
Corporate
176 717
240 500
-
-
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.

26 508
36 074
-
-
total
26 508
36 074
-
-
Dividends
150 209
204 426
-
-
withholding
32 420
44 890
-
-
total
32 420
44 890
-
-
Income
240 500
240 500
240 500
240 500
Total tax
87 519
80 964
110 451
106 250
After tax
152 981
159 536
130 049
134 250
Living cost
35 194
35 194
35 194
35 194
Free-cash
117 787
124 342
94 855
99 056

Estimated living cost  is ₽35194 per week

₽25275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽188381
₽182271
₽177829
₽187950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
36 075
pensions

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

-
-
-
5 183
unemployment
-
-
-
140
health
-
-
-
4 027
total
-
-
-
45 425
Employee
22 837
-
233 629
-
health
1 051
-
1 611
-
accident

We are using the highest rate at 1.1%.

251
-
385
-
income
2 284
-
23 363
-
pensions

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

2 005
-
3 075
-
total
5 591
-
28 434
-
Employer
22 837
-
233 629
-
accident

We are using the highest rate at 1.1%.

251
-
385
-
unemployment
137
-
210
-
pensions

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

2 517
-
3 859
-
health
1 576
-
2 416
-
total
4 481
-
6 870
-
Corporate
213 183
240 500
-
-
income
21 318
24 050
-
-
total
21 318
24 050
-
-
Dividends
191 865
216 450
-
-
withholding
9 593
10 823
-
-
total
9 593
10 823
-
-
Income
240 500
240 500
240 500
240 500
Total tax
40 983
34 873
35 304
45 425
After tax
199 517
205 627
205 196
195 075
Living cost
17 246
17 246
17 246
17 246
Free-cash
182 271
188 381
187 950
177 829

Estimated living cost  is ₽17246 per week

₽11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽411
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85008
₽98111
₽81239
₽109070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
trade
-
-
-
27 831
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.

-
-
-
81 449
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.

-
-
-
6 841
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.

-
-
-
4 479
total
-
-
-
120 600
Employee

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

49 826
-
240 500
-
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.

6 841
-
6 841
-
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.

226
-
4 479
-
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.

4 097
-
81 449
-
total
11 164
-
92 769
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
190 674
240 500
-
-
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
1 984
-
-
income
28 600
36 074
-
-
trade
27 361
34 512
-
-
chamber of commerce
431
505
-
-
total
57 965
73 075
-
-
Dividends
132 707
167 424
-
-
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
2 280
-
-
withholding
32 796
41 475
-
-
total
34 599
43 755
-
-
Income
240 500
240 500
240 500
240 500
Total tax
103 728
116 830
92 769
120 600
After tax
136 772
123 670
147 731
119 900
Living cost
38 662
38 662
38 662
38 662
Free-cash
98 111
85 008
109 070
81 239

Estimated living cost  is ₽38662 per week

₽26670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111307
₽113516
₽62200
₽62200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
79 648
social contributions
-
-
-
41 608
total
-
-
-
121 256
Employee
78 332
-
240 500
-
income
14 781
-
79 648
-
social contributions
6 508
-
41 608
-
total
21 289
-
121 256
-
Employer
78 332
-
240 500
-
total
-
-
-
-
Corporate
162 168
240 500
-
-
income
20 271
30 062
-
-
total
20 271
30 062
-
-
Dividends
141 897
210 438
-
-
withholding
28 380
42 087
-
-
total
28 380
42 087
-
-
Income
240 500
240 500
240 500
240 500
Total tax
69 940
72 149
121 256
121 256
After tax
170 560
168 351
119 244
119 244
Living cost
57 044
57 044
57 044
57 044
Free-cash
113 516
111 307
62 200
62 200

Estimated living cost  is ₽57044 per week

₽43398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114684
₽118181
₽161399
₽130737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
income
-
-
-
36 074
health

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

-
-
-
6 676
total
-
-
-
42 750
Employee
45 939
-
235 894
-
income
4 985
-
64 200
-
social contributions
4 603
-
4 606
-
total
9 588
-
68 806
-
Employer
45 939
-
235 894
-
social contributions
4 603
-
4 606
-
total
4 603
-
4 606
-
Corporate
189 959
240 500
-
-
income
66 486
84 174
-
-
total
66 486
84 174
-
-
Dividends
123 473
156 326
-
-
social contributions
5 291
5 291
-
-
total
5 291
5 291
-
-
Income
240 500
240 500
240 500
240 500
Total tax
85 968
89 465
73 412
42 750
After tax
154 532
151 035
167 088
197 750
Living cost
36 351
36 351
36 351
36 351
Free-cash
118 181
114 684
130 737
161 399

Estimated living cost  is ₽36351 per week

₽23944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2866
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.
₽8983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113208
₽119174
₽117323
₽95903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
income
-
-
-
75 429
pensions
-
-
-
10 325
total
-
-
-
85 754
Employee
51 368
-
209 507
-
health
670
-
2 792
-
income
9 355
-
61 149
-
pensions
3 921
-
12 240
-
total
13 946
-
76 181
-
Employer
51 368
-
209 507
-
pensions
5 190
-
27 012
-
health
976
-
3 981
-
total
6 166
-
30 993
-
Corporate
182 965
240 500
-
-
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.

34 763
45 695
-
-
total
34 763
45 695
-
-
Dividends
148 203
194 805
-
-
withholding
29 028
44 174
-
-
total
29 028
44 174
-
-
Income
240 500
240 500
240 500
240 500
Total tax
83 903
89 869
107 174
85 754
After tax
156 597
150 631
133 326
154 746
Living cost
37 423
37 423
37 423
37 423
Free-cash
119 174
113 208
95 903
117 323

Estimated living cost  is ₽37423 per week

₽25672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3441
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.
₽7839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽4286
₽15834
₽140406
₽109143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
accident
-
-
-
252
income
-
-
-
69 378
pensions
-
-
-
4 151
other
-
-
-
370
health
-
-
-
2 176
total
-
-
-
76 327
Employee
37 386
-
220 427
-
health
4 280
-
25 239
-
income
5 129
-
54 666
-
pensions
4 210
-
7 612
-
total
13 619
-
87 517
-
Employer
37 386
-
220 427
-
accident
624
-
3 681
-
unemployment
916
-
5 400
-
pensions
6 079
-
10 992
-
total
7 619
-
20 073
-
Corporate
195 496
240 500
-
-
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.

175 946
216 450
-
-
total
175 946
216 450
-
-
Dividends
19 550
24 050
-
-
withholding
3 715
4 569
-
-
total
3 715
4 569
-
-
Income
240 500
240 500
240 500
240 500
Total tax
200 899
221 019
107 590
76 327
After tax
39 601
19 481
132 910
164 173
Living cost
23 767
23 767
23 767
23 767
Free-cash
15 834
-4 286
109 143
140 406

Estimated living cost  is ₽23767 per week

₽17442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1385
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.
₽4461
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170455
₽167424
₽142306
₽164328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
240 500
work injury
-
-
-
801
health insurance
-
-
-
11 852
income
-
-
-
40 622
pensions
-
-
-
29 469
unemployment
-
-
-
1 922
total
-
-
-
84 666
Employee

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

21 644
-
240 500
-
work injury
108
-
400
-
income
2 164
-
40 622
-
pensions
3 982
-
14 735
-
health insurance
1 602
-
5 926
-
unemployment
260
-
961
-
total
8 116
-
62 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
218 856
240 500
-
-
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%.

21 886
24 050
-
-
total
21 886
24 050
-
-
Dividends
196 970
216 450
-
-
withholding
29 546
32 467
-
-
total
29 546
32 467
-
-
Income
240 500
240 500
240 500
240 500
Total tax
59 548
56 517
62 644
84 666
After tax
180 952
183 983
177 856
155 834
Living cost
13 528
13 528
13 528
13 528
Free-cash
167 424
170 455
164 328
142 306

Estimated living cost  is ₽13528 per week

₽8381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽422
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86787
₽82231
₽73882
₽65658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
240 500
municipal
-
-
-
1 714
regional
-
-
-
6 006
national
-
-
-
68 884
social contributions
-
-
-
50 120
total
-
-
-
126 724
Employee
84 385
-
240 500
-
social contributions
28 454
-
65 709
-
regional
1 274
-
5 485
-
municipal
504
-
1 573
-
national
14 260
-
62 181
-
total
44 492
-
134 948
-
Employer
84 385
-
240 500
-
total
-
-
-
-
Corporate
156 115
240 500
-
-
nationa
37 467
57 719
-
-
municipal
7 525
11 592
-
-
total
44 992
69 311
-
-
Dividends
111 123
171 188
-
-
withholding
28 891
44 508
-
-
total
28 891
44 508
-
-
Income
240 500
240 500
240 500
240 500
Total tax
118 375
113 819
134 948
126 724
After tax
122 125
126 681
105 552
113 776
Living cost
39 894
39 894
39 894
39 894
Free-cash
82 231
86 787
65 658
73 882

Estimated living cost  is ₽39894 per week

₽28023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽602
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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