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
₽ 242500
per

Your estimated
City
free-cash

Dresden , Germany
₽119417
₽93513
₽88155
₽103982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
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.

-
-
-
6 467
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.

-
-
-
83 360
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.

-
-
-
4 584
trade
-
-
-
31 262
total
-
-
-
125 673
Employee

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

36 206
-
242 500
-
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.

56
-
4 584
-
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.

1 011
-
83 360
-
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.

6 467
-
6 467
-
total
7 534
-
94 411
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
206 294
242 500
-
-
chamber of commerce
440
492
-
-
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.

1 701
2 001
-
-
trade
32 491
38 194
-
-
income
30 944
36 374
-
-
total
65 576
77 061
-
-
Dividends
140 718
165 438
-
-
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.

1 915
2 254
-
-
withholding
34 821
41 000
-
-
total
36 736
43 254
-
-
Income
242 500
242 500
242 500
242 500
Total tax
109 846
120 315
94 411
125 673
After tax
132 654
122 185
148 089
116 827
Living cost
28 672
28 672
28 672
28 672
Free-cash
103 982
93 513
119 417
88 155

Estimated living cost  is ₽28672 per week

₽18035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87999
₽101392
₽86697
₽100561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
2 607
pensions
-
-
-
29 100
national
-
-
-
47 113
municipal
-
-
-
27 055
total
-
-
-
105 875
Employee
77 398
-
209 639
-
municipal
9 560
-
27 993
-
national
14 814
-
49 169
-
pensions
3 096
-
8 386
-
total
27 470
-
85 548
-
Employer
77 398
-
209 639
-
pensions
6 192
-
16 771
-
social contributions
832
-
2 254
-
total
7 024
-
19 025
-
Corporate
152 970
242 500
-
-
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%.

30 594
48 500
-
-
total
30 594
48 500
-
-
Dividends
122 376
194 000
-
-
withholding
26 923
42 680
-
-
total
26 923
42 680
-
-
Income
242 500
242 500
242 500
242 500
Total tax
92 011
91 180
104 573
105 875
After tax
150 489
151 320
137 927
136 625
Living cost
49 928
49 928
49 928
49 928
Free-cash
100 561
101 392
87 999
86 697

Estimated living cost  is ₽49928 per week

₽33935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽747
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87294
₽174307
₽70498
₽166541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
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.

-
-
-
36 268
income
-
-
-
54 203
surtax
-
-
-
61 838
microenterprise
-
-
-
-
total
-
-
-
152 309
Employee
27 660
-
193 984
-
surtax
-
-
28 127
-
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.

3 043
-
12 409
-
income
4 924
-
46 461
-
total
7 967
-
86 997
-
Employer
27 660
-
193 984
-
surtax
-
-
21 339
-
social contributions

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

6 663
-
27 177
-
total
6 663
-
48 516
-
Corporate
208 177
242 500
-
-
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%.

41 636
48 500
-
-
total
41 636
48 500
-
-
Dividends

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

166 541
194 000
-
-
total
-
-
-
-
Income
242 500
242 500
242 500
242 500
Total tax
56 266
48 500
135 513
152 309
After tax
186 234
194 000
106 987
90 191
Living cost
19 693
19 693
19 693
19 693
Free-cash
166 541
174 307
87 294
70 498

Estimated living cost  is ₽19693 per week

₽12564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115383
₽81533
₽88952
₽75736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
11 673
income
-
-
-
91 129
pensions
-
-
-
11 091
total
-
-
-
113 893
Employee
80 836
80 836
224 908
-
income

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

13 232
13 232
47 107
-
pensions
14 550
11 091
11 091
-
health
12 407
10 554
11 673
-
total
40 189
34 877
69 871
-
Employer
80 836
80 836
224 908
-
unemployment
2 910
2 910
3 616
-
health
5 619
5 619
6 982
-
pensions
5 626
5 626
6 993
-
total
14 155
14 155
17 591
-
Corporate
148 500
147 509
-
-
income
29 699
29 502
-
-
total
29 699
29 502
-
-
Dividends
118 801
118 007
-
-
income
25 246
25 077
-
-
withholding
17 820
17 701
-
-
total
43 066
42 778
-
-
Income
242 500
242 500
242 500
242 500
Total tax
127 109
121 312
87 462
113 893
After tax
115 391
121 188
155 038
128 607
Living cost
39 655
39 655
39 655
39 655
Free-cash
75 736
81 533
115 383
88 952

Estimated living cost  is ₽39655 per week

₽28102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽631
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79909
₽92968
₽80866
₽92084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
10 043
health
-
-
-
5 393
accident
-
-
-
173
pensions
-
-
-
9 343
national
-
-
-
32 312
unemployment
-
-
-
86
municipal
-
-
-
64 847
total
-
-
-
122 197
Employee
56 194
-
215 343
-
municipal
16 757
-
64 215
-
national
-
-
31 782
-
total
16 757
-
95 997
-
Employer
56 194
-
215 343
-
other
6 530
-
10 043
-
unemployment
1 483
-
2 282
-
health
3 456
-
5 316
-
accident
112
-
173
-
pensions
6 074
-
9 343
-
total
17 655
-
27 157
-
Corporate
168 650
242 500
-
-
income
37 103
53 350
-
-
total
37 103
53 350
-
-
Dividends
131 547
189 150
-
-
withholding
39 464
56 745
-
-
total
39 464
56 745
-
-
Income
242 500
242 500
242 500
242 500
Total tax
110 979
110 095
123 154
122 197
After tax
131 521
132 405
119 346
120 303
Living cost
39 437
39 437
39 437
39 437
Free-cash
92 084
92 968
79 909
80 866

Estimated living cost  is ₽39437 per week

₽26137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110902
₽83750
₽78251
₽97050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
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.

-
-
-
6 467
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.

-
-
-
83 360
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.

-
-
-
4 584
trade
-
-
-
32 651
total
-
-
-
127 062
Employee

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

48 004
-
242 500
-
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.

226
-
4 584
-
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.

4 124
-
83 360
-
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.

6 467
-
6 467
-
total
10 817
-
94 411
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
194 496
242 500
-
-
chamber of commerce
420
489
-
-
surtax

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

1 604
2 001
-
-
trade
31 995
39 892
-
-
income
29 175
36 374
-
-
total
63 194
78 756
-
-
Dividends
131 302
163 744
-
-
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.

1 786
2 231
-
-
withholding
32 466
40 576
-
-
total
34 252
42 807
-
-
Income
242 500
242 500
242 500
242 500
Total tax
108 263
121 563
94 411
127 062
After tax
134 237
120 937
148 089
115 438
Living cost
37 187
37 187
37 187
37 187
Free-cash
97 050
83 750
110 902
78 251

Estimated living cost  is ₽37187 per week

₽24871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 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
₽129326
₽145957
₽131252
₽142029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
15 316
health
-
-
-
6 183
income
-
-
-
59 046
total
-
-
-
80 545
Employee
72 789
72 789
230 094
-
social contributions
3 537
6 041
8 148
-
income
7 644
6 738
58 006
-
health
724
1 238
3 912
-
total
11 905
14 017
70 066
-
Employer
72 789
72 789
230 094
-
health
789
1 347
4 257
-
social contributions
3 537
6 041
8 148
-
total
4 326
7 388
12 405
-
Corporate
195 567
162 322
-
-
income
24 447
20 290
-
-
total
24 447
20 290
-
-
Dividends
171 120
142 032
-
-
withholding
29 090
24 145
-
-
total
29 090
24 145
-
-
Income
242 500
242 500
242 500
242 500
Total tax
69 768
65 840
82 471
80 545
After tax
172 732
176 660
160 029
161 955
Living cost
30 703
30 703
30 703
30 703
Free-cash
142 029
145 957
129 326
131 252

Estimated living cost  is ₽30703 per week

₽20989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123214
₽118703
₽150627
₽119065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
16 975
income
-
-
-
29 646
pensions
-
-
-
24 250
unemployment
-
-
-
3 637
total
-
-
-
74 508
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.

25 067
9 976
202 929
-
income
3 064
1 220
24 808
-
pensions
2 507
998
20 293
-
health
1 755
698
14 205
-
unemployment
376
150
3 044
-
total
7 702
3 066
62 350
-
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.

25 067
9 976
202 929
-
pensions
4 888
1 945
39 571
-
total
4 888
1 945
39 571
-
Corporate
212 545
230 578
-
-
income
19 129
20 752
-
-
total
19 129
20 752
-
-
Dividends
193 416
209 826
-
-
social contributions
37 602
40 802
-
-
withholding
36 749
39 867
-
-
total
74 351
80 669
-
-
Income
242 500
242 500
242 500
242 500
Total tax
106 070
106 432
101 921
74 508
After tax
136 430
136 068
140 579
167 992
Living cost
17 365
17 365
17 365
17 365
Free-cash
119 065
118 703
123 214
150 627

Estimated living cost  is ₽17365 per week

₽11850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116909
₽171136
₽107118
₽165256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
31 524
income
-
-
-
32 494
pensions
-
-
-
48 500
total
-
-
-
112 518
Employee
26 854
-
181 241
-
income
3 023
-
34 943
-
pensions
537
-
3 625
-
unemployment
429
-
2 899
-
total
3 989
-
41 467
-
Employer
26 854
-
181 241
-
unemployment
216
-
1 450
-
health
3 490
-
23 561
-
pensions
5 371
-
36 249
-
total
9 077
-
61 260
-
Corporate
206 569
242 500
-
-
income
41 314
48 500
-
-
total
41 314
48 500
-
-
Dividends
165 255
194 000
-
-
total
-
-
-
-
Income
242 500
242 500
242 500
242 500
Total tax
54 380
48 500
102 727
112 518
After tax
188 120
194 000
139 773
129 982
Living cost
22 864
22 864
22 864
22 864
Free-cash
165 256
171 136
116 909
107 118

Estimated living cost  is ₽22864 per week

₽15682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113331
-₽1357
₽144504
₽16423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
354
health
-
-
-
2 082
accident
-
-
-
241
income
-
-
-
70 346
pensions
-
-
-
3 972
total
-
-
-
76 995
Employee
33 035
-
222 804
-
income
4 532
-
55 677
-
pensions
3 720
-
7 283
-
health
3 782
-
25 511
-
total
12 034
-
88 471
-
Employer
33 035
-
222 804
-
unemployment
809
-
5 459
-
accident
551
-
3 721
-
pensions
5 372
-
10 517
-
total
6 732
-
19 697
-
Corporate
202 733
242 500
-
-
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.

182 459
218 250
-
-
total
182 459
218 250
-
-
Dividends
20 273
24 250
-
-
withholding
3 852
4 607
-
-
total
3 852
4 607
-
-
Income
242 500
242 500
242 500
242 500
Total tax
205 077
222 857
108 168
76 995
After tax
37 423
19 643
134 332
165 505
Living cost
21 000
21 000
21 000
21 000
Free-cash
16 423
-1 357
113 331
144 504

Estimated living cost  is ₽21000 per week

₽15392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186242
₽222617
₽232317
₽221163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
242 500
microenterprise

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

-
-
-
2 425
total
-
-
-
2 425
Employee
9 698
-
242 500
-
income
1 939
-
48 500
-
total
1 939
-
48 500
-
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%.

232 802
242 500
-
-
total
-
-
-
-
Dividends
232 802
242 500
-
-
withholding
11 640
12 125
-
-
total
11 640
12 125
-
-
Income
242 500
242 500
242 500
242 500
Total tax
13 579
12 125
48 500
2 425
After tax
228 921
230 375
194 000
240 075
Living cost
7 758
7 758
7 758
7 758
Free-cash
221 163
222 617
186 242
232 317

Estimated living cost  is ₽7758 per week

₽4808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽122933
₽152942
₽124868
₽146551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
6 837
health
-
-
-
6 334
income
-
-
-
44 690
pensions

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

-
-
-
34 548
total
-
-
-
92 409
Employee
34 370
-
205 732
-
income
5 917
-
44 045
-
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.

2 405
-
10 076
-
health
481
-
2 016
-
unemployment
343
-
1 439
-
total
9 146
-
57 576
-
Employer
34 370
-
205 732
-
other
1 719
-
7 196
-
unemployment
343
-
1 439
-
health
481
-
2 016
-
accident
275
-
1 645
-
pensions

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

5 844
-
24 472
-
total
8 662
-
36 768
-
Corporate
199 468
242 500
-
-
income
41 887
50 925
-
-
total
41 887
50 925
-
-
Dividends
157 580
191 575
-
-
withholding
11 031
13 410
-
-
total
11 031
13 410
-
-
Income
242 500
242 500
242 500
242 500
Total tax
70 726
64 335
94 344
92 409
After tax
171 774
178 165
148 156
150 091
Living cost
25 223
25 223
25 223
25 223
Free-cash
146 551
152 942
122 933
124 868

Estimated living cost  is ₽25223 per week

₽17822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1703
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.
₽5292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70498
₽87452
₽92022
₽95040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
income
-
-
-
77 427
pensions
-
-
-
10 011
total
-
-
-
87 438
Employee
89 192
-
211 131
-
income
16 078
-
63 078
-
health
1 470
-
2 763
-
pensions
8 605
-
11 752
-
total
26 153
-
77 593
-
Employer
89 192
-
211 131
-
health
1 694
-
4 011
-
pensions
10 531
-
27 358
-
total
12 225
-
31 369
-
Corporate
141 083
242 500
-
-
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.

26 806
46 074
-
-
total
26 806
46 074
-
-
Dividends
114 277
196 426
-
-
withholding
19 236
45 934
-
-
total
19 236
45 934
-
-
Income
242 500
242 500
242 500
242 500
Total tax
84 420
92 008
108 962
87 438
After tax
158 080
150 492
133 538
155 062
Living cost
63 040
63 040
63 040
63 040
Free-cash
95 040
87 452
70 498
92 022

Estimated living cost  is ₽63040 per week

₽47237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7407
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.
₽7884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽195531
₽195098
₽185180
₽190764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
3 750
income
-
-
-
36 375
pensions

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

-
-
-
4 826
unemployment
-
-
-
130
total
-
-
-
45 081
Employee
16 206
-
236 103
-
income
1 620
-
23 610
-
accident

We are using the highest rate at 1.1%.

178
-
359
-
pensions

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

1 423
-
2 863
-
health
745
-
1 500
-
total
3 966
-
28 332
-
Employer
16 206
-
236 103
-
unemployment
97
-
196
-
health
1 119
-
2 250
-
accident

We are using the highest rate at 1.1%.

178
-
359
-
pensions

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

1 786
-
3 593
-
total
3 180
-
6 398
-
Corporate
223 114
242 500
-
-
income
22 311
24 250
-
-
total
22 311
24 250
-
-
Dividends
200 803
218 250
-
-
withholding
10 040
10 913
-
-
total
10 040
10 913
-
-
Income
242 500
242 500
242 500
242 500
Total tax
39 497
35 163
34 730
45 081
After tax
203 003
207 337
207 770
197 419
Living cost
12 239
12 239
12 239
12 239
Free-cash
190 764
195 098
195 531
185 180

Estimated living cost  is ₽12239 per week

₽7145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102547
₽68697
₽76116
₽71078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
11 673
income
-
-
-
91 129
pensions
-
-
-
11 091
total
-
-
-
113 893
Employee
87 762
80 836
224 908
-
income

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

13 232
13 232
47 107
-
pensions
11 091
11 091
11 091
-
health
10 949
10 554
11 673
-
total
35 272
34 877
69 871
-
Employer
87 762
80 836
224 908
-
unemployment
3 160
2 910
3 616
-
health
6 099
5 619
6 982
-
pensions
6 108
5 626
6 993
-
total
15 367
14 155
17 591
-
Corporate
139 372
147 509
-
-
income
27 874
29 502
-
-
total
27 874
29 502
-
-
Dividends
111 498
118 007
-
-
income
23 694
25 077
-
-
withholding
16 724
17 701
-
-
total
40 418
42 778
-
-
Income
242 500
242 500
242 500
242 500
Total tax
118 931
121 312
87 462
113 893
After tax
123 569
121 188
155 038
128 607
Living cost
52 491
52 491
52 491
52 491
Free-cash
71 078
68 697
102 547
76 116

Estimated living cost  is ₽52491 per week

₽38720
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4688
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.
₽8481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111078
₽143556
₽122014
₽135206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
33 679
health
-
-
-
32 737
income
-
-
-
26 413
solidarity contribution
-
-
-
4 252
total
-
-
-
97 081
Employee
34 419
-
196 023
-
social contributions
2 237
-
7 497
-
solidarity contribution
-
-
3 271
-
income
4 130
-
24 309
-
health
4 647
-
26 463
-
total
11 014
-
61 540
-
Employer
34 419
-
196 023
-
health
3 098
-
17 642
-
social contributions
8 605
-
28 835
-
total
11 703
-
46 477
-
Corporate
196 378
242 500
-
-
income
37 312
46 075
-
-
total
37 312
46 075
-
-
Dividends
159 066
196 425
-
-
withholding
23 860
29 464
-
-
total
23 860
29 464
-
-
Income
242 500
242 500
242 500
242 500
Total tax
83 889
75 539
108 017
97 081
After tax
158 611
166 961
134 483
145 419
Living cost
23 405
23 405
23 405
23 405
Free-cash
135 206
143 556
111 078
122 014

Estimated living cost  is ₽23405 per week

₽16257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽460
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70754
₽89440
₽78779
₽84500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
47 377
national
-
-
-
71 633
regional
-
-
-
3 207
municipal
-
-
-
1 561
total
-
-
-
123 778
Employee
84 128
-
242 500
-
social contributions
28 368
-
62 113
-
municipal
445
-
1 442
-
national
14 577
-
65 298
-
regional
794
-
2 950
-
total
44 184
-
131 803
-
Employer
84 128
-
242 500
-
total
-
-
-
-
Corporate
158 372
242 500
-
-
nationa
38 009
58 200
-
-
municipal
6 176
9 458
-
-
total
44 185
67 658
-
-
Dividends
114 187
174 842
-
-
withholding
29 688
45 459
-
-
total
29 688
45 459
-
-
Income
242 500
242 500
242 500
242 500
Total tax
118 057
113 117
131 803
123 778
After tax
124 443
129 383
110 697
118 722
Living cost
39 943
39 943
39 943
39 943
Free-cash
84 500
89 440
70 754
78 779

Estimated living cost  is ₽39943 per week

₽27844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽613
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87078
₽131645
₽92866
₽128700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
-
health
-
-
-
8 969
income
-
-
-
80 328
pensions
-
-
-
25 268
surtax
-
-
-
13 965
unemployment
-
-
-
216
total
-
-
-
128 746
Employee
31 304
-
215 907
-
surtax
102
-
12 833
-
income
5 247
-
74 667
-
other
-
-
-
-
pensions
2 087
-
8 427
-
health
799
-
3 221
-
unemployment
2 179
-
8 793
-
total
10 414
-
107 941
-
Employer
31 304
-
215 907
-
other
-
-
-
-
unemployment
992
-
4 004
-
health
1 425
-
5 748
-
pensions
4 173
-
16 841
-
total
6 590
-
26 593
-
Corporate
204 607
242 500
-
-
income
53 197
63 050
-
-
total
53 197
63 050
-
-
Dividends
151 410
179 450
-
-
withholding
22 711
26 917
-
-
total
22 711
26 917
-
-
Income
242 500
242 500
242 500
242 500
Total tax
92 912
89 967
134 534
128 746
After tax
149 588
152 533
107 966
113 754
Living cost
20 888
20 888
20 888
20 888
Free-cash
128 700
131 645
87 078
92 866

Estimated living cost  is ₽20888 per week

₽12772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1927
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.
₽5707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽90471
₽107425
₽111995
₽113651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
income
-
-
-
77 427
pensions
-
-
-
10 011
total
-
-
-
87 438
Employee
59 774
-
211 131
-
income
10 766
-
63 078
-
health
868
-
2 763
-
pensions
5 073
-
11 752
-
total
16 707
-
77 593
-
Employer
59 774
-
211 131
-
health
1 136
-
4 011
-
pensions
6 471
-
27 358
-
total
7 607
-
31 369
-
Corporate
175 120
242 500
-
-
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.

33 272
46 074
-
-
total
33 272
46 074
-
-
Dividends
141 848
196 426
-
-
withholding
28 196
45 934
-
-
total
28 196
45 934
-
-
Income
242 500
242 500
242 500
242 500
Total tax
85 782
92 008
108 962
87 438
After tax
156 718
150 492
133 538
155 062
Living cost
43 067
43 067
43 067
43 067
Free-cash
113 651
107 425
90 471
111 995

Estimated living cost  is ₽43067 per week

₽32266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽106792
₽34436
₽114573
₽67148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
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.

-
-
-
4 850
health
-
-
-
546
pensions
-
-
-
22 311
city
-
-
-
2 557
national
-
-
-
7 110
regional
-
-
-
14 099
total
-
-
-
51 473
Employee
89 471
-
218 697
-
national
423
-
5 835
-
city
960
-
2 372
-
pensions
7 517
-
16 532
-
health
202
-
493
-
regional
2 930
-
12 624
-
unemployment
-
-
-
-
total
12 032
-
37 856
-
Employer
89 471
-
218 697
-
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.

1 789
-
4 373
-
unemployment
-
-
-
-
health
202
-
493
-
pensions
7 517
-
16 532
-
total
9 508
-
21 398
-
Corporate
142 537
242 500
-
-
regional
30 146
51 288
-
-
national
12 116
20 612
-
-
total
42 262
71 900
-
-
Dividends
100 276
170 600
-
-
withholding
35 096
59 710
-
-
total
35 096
59 710
-
-
Income
242 500
242 500
242 500
242 500
Total tax
98 898
131 610
59 254
51 473
After tax
143 602
110 890
183 246
191 027
Living cost
76 454
76 454
76 454
76 454
Free-cash
67 148
34 436
106 792
114 573

Estimated living cost  is ₽76454 per week

₽49717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽939
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽104725
₽76327
₽70684
₽91679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
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.

-
-
-
6 467
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.

-
-
-
83 360
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.

-
-
-
4 584
trade
-
-
-
34 041
total
-
-
-
128 452
Employee

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

56 889
-
242 500
-
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.

368
-
4 584
-
income

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

6 690
-
83 360
-
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.

6 467
-
6 467
-
total
13 525
-
94 411
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
185 611
242 500
-
-
chamber of commerce
404
485
-
-
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.

1 530
2 001
-
-
trade
31 831
41 589
-
-
income
27 842
36 374
-
-
total
61 607
80 449
-
-
Dividends
124 003
162 050
-
-
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.

1 685
2 208
-
-
withholding
30 640
40 152
-
-
total
32 325
42 360
-
-
Income
242 500
242 500
242 500
242 500
Total tax
107 457
122 809
94 411
128 452
After tax
135 043
119 691
148 089
114 048
Living cost
43 364
43 364
43 364
43 364
Free-cash
91 679
76 327
104 725
70 684

Estimated living cost  is ₽43364 per week

₽31672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88772
₽89833
₽97753
₽95423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
7 518
social contributions
-
-
-
6 909
health
-
-
-
12 618
income
-
-
-
49 297
pensions
-
-
-
36 019
surtax
-
-
-
-
total
-
-
-
112 361
Employee
40 513
-
183 678
-
surtax
-
-
-
-
social contributions
1 155
-
5 233
-
income
2 391
-
42 855
-
pensions
4 581
-
14 432
-
total
8 127
-
62 520
-
Employer
40 513
-
183 678
-
other
1 398
-
7 872
-
unemployment
1 640
-
7 439
-
health
2 836
-
18 960
-
pensions
6 656
-
24 000
-
social contributions
122
-
551
-
total
12 652
-
58 822
-
Corporate
189 335
242 500
-
-
surtax
-
-
-
-
income
53 014
67 901
-
-
total
53 014
67 901
-
-
Dividends
136 321
174 599
-
-
social contributions
23 448
30 032
-
-
surtax
-
-
-
-
withholding
17 450
22 348
-
-
total
40 898
52 380
-
-
Income
242 500
242 500
242 500
242 500
Total tax
114 691
120 281
121 342
112 361
After tax
127 809
122 219
121 158
130 139
Living cost
32 386
32 386
32 386
32 386
Free-cash
95 423
89 833
88 772
97 753

Estimated living cost  is ₽32386 per week

₽20421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91980
₽93041
₽100961
₽98304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
7 518
social contributions
-
-
-
6 909
health
-
-
-
12 618
income
-
-
-
49 297
pensions
-
-
-
36 019
surtax
-
-
-
-
total
-
-
-
112 361
Employee
36 164
-
183 678
-
surtax
-
-
-
-
social contributions
1 031
-
5 233
-
income
1 865
-
42 855
-
pensions
4 090
-
14 432
-
total
6 986
-
62 520
-
Employer
36 164
-
183 678
-
other
1 248
-
7 872
-
unemployment
1 464
-
7 439
-
health
2 531
-
18 960
-
pensions
5 942
-
24 000
-
social contributions
108
-
551
-
total
11 293
-
58 822
-
Corporate
195 043
242 500
-
-
surtax
-
-
-
-
income
54 611
67 901
-
-
total
54 611
67 901
-
-
Dividends
140 431
174 599
-
-
social contributions
24 154
30 032
-
-
surtax
-
-
-
-
withholding
17 974
22 348
-
-
total
42 128
52 380
-
-
Income
242 500
242 500
242 500
242 500
Total tax
115 018
120 281
121 342
112 361
After tax
127 482
122 219
121 158
130 139
Living cost
29 178
29 178
29 178
29 178
Free-cash
98 304
93 041
91 980
100 961

Estimated living cost  is ₽29178 per week

₽16922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽128436
₽127873
₽135663
₽128366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
33 464
health
-
-
-
16 927
income
-
-
-
36 374
total
-
-
-
86 765
Employee
32 095
-
242 500
-
social contributions
4 430
-
33 464
-
income
5 353
-
43 601
-
health
2 240
-
16 927
-
total
12 023
-
93 992
-
Employer
32 095
-
242 500
-
total
-
-
-
-
Corporate
210 405
242 500
-
-
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%.

10 519
12 125
-
-
total
10 519
12 125
-
-
Dividends
199 885
230 375
-
-
social contributions
27 585
31 792
-
-
withholding
29 983
34 557
-
-
health
13 952
16 081
-
-
total
71 520
82 430
-
-
Income
242 500
242 500
242 500
242 500
Total tax
94 062
94 555
93 992
86 765
After tax
148 438
147 945
148 508
155 735
Living cost
20 072
20 072
20 072
20 072
Free-cash
128 366
127 873
128 436
135 663

Estimated living cost  is ₽20072 per week

₽13433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽4938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29467
₽100098
₽90393
₽98633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
8 459
income
-
-
-
82 871
chamber of commerce
-
-
-
970
pensions
-
-
-
20 459
surtax
-
-
-
187
unemployment
-
-
-
5 806
total
-
-
-
118 752
Employee
47 307
37 724
203 690
-
income
5 385
2 783
70 814
-
other
472
377
1 107
-
pensions
4 845
3 862
11 324
-
health
1 830
1 460
4 279
-
unemployment
1 419
1 132
3 318
-
total
13 951
9 614
90 842
-
Employer
47 307
37 724
203 690
-
other
2 247
1 791
8 883
-
unemployment
1 419
1 132
3 318
-
health
1 787
1 426
4 180
-
surtax
187
187
187
-
accident
614
490
1 437
-
pensions
5 937
4 735
13 879
-
payroll
1 419
1 132
6 111
-
chamber of commerce
189
151
816
-
total
13 799
11 044
38 811
-
Corporate
181 393
193 732
200 097
-
income

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

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

45 349
48 433
50 025
-
total
45 349
48 433
50 025
-
Dividends
136 044
145 299
-
-
withholding
37 413
39 956
-
-
total
37 413
39 956
-
-
Income
242 500
242 500
242 500
242 500
Total tax
110 512
109 047
179 678
118 752
After tax
131 988
133 453
62 822
123 748
Living cost
33 355
33 355
33 355
33 355
Free-cash
98 633
100 098
29 467
90 393

Estimated living cost  is ₽33355 per week

₽22246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2845
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.
₽7715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46634
₽96912
₽71110
₽86754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
23 600
communal

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

-
-
-
13 133
national
-
-
-
100 143
total
-
-
-
136 876
Employee

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

67 711
-
187 824
-
national
20 817
-
72 330
-
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.

5 078
-
14 087
-
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.

3 181
-
8 827
-
communal

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

3 532
-
9 797
-
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.

589
-
1 635
-
total
33 197
-
106 676
-
Employer

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

67 711
-
187 824
-
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.

988
-
2 743
-
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.

4 164
-
11 551
-
surtax
7 678
-
21 298
-
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.

880
-
2 443
-
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.

6 000
-
16 641
-
total
19 710
-
54 676
-
Corporate
155 079
242 500
-
-
surtax
620
1 083
-
-
income
31 016
54 158
-
-
total
31 636
55 241
-
-
Dividends
123 444
187 258
-
-
withholding

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

36 689
55 833
-
-
total
36 689
55 833
-
-
Income
242 500
242 500
242 500
242 500
Total tax
121 232
111 074
161 352
136 876
After tax
121 268
131 426
81 148
105 624
Living cost
34 514
34 514
34 514
34 514
Free-cash
86 754
96 912
46 634
71 110

Estimated living cost  is ₽34514 per week

₽22232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽97085
₽126542
₽101057
₽120057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
88
accident
-
-
-
790
income
-
-
-
80 936
pensions
-
-
-
24 829
unemployment
-
-
-
614
total
-
-
-
107 257
Employee
47 120
-
214 529
-
income
9 942
-
77 686
-
other
47
-
88
-
pensions
2 215
-
4 124
-
unemployment
731
-
1 360
-
total
12 935
-
83 258
-
Employer
47 120
-
214 529
-
other
375
-
702
-
unemployment
2 592
-
4 825
-
accident
932
-
1 737
-
pensions
11 119
-
20 707
-
total
15 018
-
27 971
-
Corporate
180 361
242 500
-
-
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.

27 055
36 374
-
-
total
27 055
36 374
-
-
Dividends
153 306
206 126
-
-
withholding
33 249
45 398
-
-
total
33 249
45 398
-
-
Income
242 500
242 500
242 500
242 500
Total tax
88 257
81 772
111 229
107 257
After tax
154 243
160 728
131 271
135 243
Living cost
34 186
34 186
34 186
34 186
Free-cash
120 057
126 542
97 085
101 057

Estimated living cost  is ₽34186 per week

₽25174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽69540
₽83299
₽62243
₽70280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
15 743
accident
-
-
-
1 890
income
-
-
-
49 952
pensions
-
-
-
33 585
communal
-
-
-
15 327
surtax
-
-
-
12 318
total
-
-
-
128 815
Employee
71 685
-
216 616
-
surtax
4 394
-
13 275
-
income
6 924
-
55 394
-
pensions
5 734
-
17 329
-
health
3 190
-
9 637
-
total
20 242
-
95 635
-
Employer
71 685
-
216 616
-
health
2 186
-
6 605
-
accident
645
-
1 949
-
pensions
5 734
-
17 329
-
total
8 565
-
25 883
-
Corporate
162 250
242 500
-
-
surtax
1 703
2 545
-
-
income
24 337
36 374
-
-
communal
10 952
16 368
-
-
total
36 992
55 287
-
-
Dividends
125 257
187 212
-
-
income
36 191
24 390
-
-
withholding
18 788
28 082
-
-
total
54 979
52 472
-
-
Income
242 500
242 500
242 500
242 500
Total tax
120 778
107 759
121 518
128 815
After tax
121 722
134 741
120 982
113 685
Living cost
51 442
51 442
51 442
51 442
Free-cash
70 280
83 299
69 540
62 243

Estimated living cost  is ₽51442 per week

₽38589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86704
₽131271
₽92492
₽128260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
-
health
-
-
-
8 969
income
-
-
-
80 328
pensions
-
-
-
25 268
surtax
-
-
-
13 965
unemployment
-
-
-
216
total
-
-
-
128 746
Employee
31 878
-
215 907
-
surtax
113
-
12 833
-
income
5 344
-
74 667
-
other
-
-
-
-
pensions
2 127
-
8 427
-
health
814
-
3 221
-
unemployment
2 219
-
8 793
-
total
10 617
-
107 941
-
Employer
31 878
-
215 907
-
other
-
-
-
-
unemployment
1 011
-
4 004
-
health
1 450
-
5 748
-
pensions
4 250
-
16 841
-
total
6 711
-
26 593
-
Corporate
203 911
242 500
-
-
income
53 016
63 050
-
-
total
53 016
63 050
-
-
Dividends
150 895
179 450
-
-
withholding
22 634
26 917
-
-
total
22 634
26 917
-
-
Income
242 500
242 500
242 500
242 500
Total tax
92 978
89 967
134 534
128 746
After tax
149 522
152 533
107 966
113 754
Living cost
21 262
21 262
21 262
21 262
Free-cash
128 260
131 271
86 704
92 492

Estimated living cost  is ₽21262 per week

₽12837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84486
₽101964
₽92468
₽99863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
47 377
national
-
-
-
71 633
regional
-
-
-
3 962
municipal
-
-
-
1 561
total
-
-
-
124 533
Employee
52 509
-
242 500
-
social contributions
17 707
-
62 113
-
municipal
278
-
1 442
-
national
8 319
-
65 298
-
regional
707
-
3 662
-
total
27 011
-
132 515
-
Employer
52 509
-
242 500
-
total
-
-
-
-
Corporate
189 991
242 500
-
-
nationa
45 597
58 200
-
-
municipal
9 442
12 052
-
-
total
55 039
70 252
-
-
Dividends
134 952
172 248
-
-
withholding
35 088
44 785
-
-
total
35 088
44 785
-
-
Income
242 500
242 500
242 500
242 500
Total tax
117 138
115 037
132 515
124 533
After tax
125 362
127 463
109 985
117 967
Living cost
25 499
25 499
25 499
25 499
Free-cash
99 863
101 964
84 486
92 468

Estimated living cost  is ₽25499 per week

₽15858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105642
₽138120
₽116578
₽127831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
33 679
health
-
-
-
32 737
income
-
-
-
26 413
solidarity contribution
-
-
-
4 252
total
-
-
-
97 081
Employee
42 413
-
196 023
-
social contributions
2 757
-
7 497
-
solidarity contribution
-
-
3 271
-
income
5 090
-
24 309
-
health
5 726
-
26 463
-
total
13 573
-
61 540
-
Employer
42 413
-
196 023
-
health
3 817
-
17 642
-
social contributions
10 603
-
28 835
-
total
14 420
-
46 477
-
Corporate
185 666
242 500
-
-
income
35 277
46 075
-
-
total
35 277
46 075
-
-
Dividends
150 389
196 425
-
-
withholding
22 558
29 464
-
-
total
22 558
29 464
-
-
Income
242 500
242 500
242 500
242 500
Total tax
85 828
75 539
108 017
97 081
After tax
156 672
166 961
134 483
145 419
Living cost
28 841
28 841
28 841
28 841
Free-cash
127 831
138 120
105 642
116 578

Estimated living cost  is ₽28841 per week

₽21448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32667
₽103353
₽93735
₽102885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
8 459
income
-
-
-
82 871
chamber of commerce
-
-
-
970
pensions
-
-
-
20 459
surtax
-
-
-
-
unemployment
-
-
-
5 806
total
-
-
-
118 565
Employee
41 379
37 724
203 864
-
income
3 686
2 783
70 900
-
other
413
377
1 107
-
pensions
4 238
3 862
11 324
-
health
1 601
1 460
4 279
-
unemployment
1 241
1 132
3 318
-
total
11 179
9 614
90 928
-
Employer
41 379
37 724
203 864
-
other
1 965
1 791
8 890
-
unemployment
1 241
1 132
3 318
-
health
1 565
1 426
4 180
-
surtax
-
-
-
-
accident
537
490
1 437
-
pensions
5 193
4 735
13 879
-
payroll
1 241
1 132
6 117
-
chamber of commerce
165
151
816
-
total
11 907
10 857
38 637
-
Corporate
189 213
193 919
200 271
-
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.

47 303
48 480
50 068
-
total
47 303
48 480
50 068
-
Dividends
141 910
145 439
-
-
withholding
39 026
39 996
-
-
total
39 026
39 996
-
-
Income
242 500
242 500
242 500
242 500
Total tax
109 415
108 947
179 633
118 565
After tax
133 085
133 553
62 867
123 935
Living cost
30 200
30 200
30 200
30 200
Free-cash
102 885
103 353
32 667
93 735

Estimated living cost  is ₽30200 per week

₽18116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3084
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽539
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8461
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽181910
₽218285
₽227985
₽216018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
242 500
microenterprise

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

-
-
-
2 425
total
-
-
-
2 425
Employee
15 113
-
242 500
-
income
3 023
-
48 500
-
total
3 023
-
48 500
-
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%.

227 387
242 500
-
-
total
-
-
-
-
Dividends
227 387
242 500
-
-
withholding
11 369
12 125
-
-
total
11 369
12 125
-
-
Income
242 500
242 500
242 500
242 500
Total tax
14 392
12 125
48 500
2 425
After tax
228 108
230 375
194 000
240 075
Living cost
12 090
12 090
12 090
12 090
Free-cash
216 018
218 285
181 910
227 985

Estimated living cost  is ₽12090 per week

₽8181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽78811
₽141571
₽84077
₽133654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
health
-
-
-
23 861
income
-
-
-
64 522
pensions
-
-
-
44 287
unemployment
-
-
-
363
total
-
-
-
133 033
Employee

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

41 859
-
209 828
-
income
7 219
-
59 255
-
pensions
6 488
-
32 523
-
health
2 704
-
13 555
-
unemployment
59
-
295
-
total
16 470
-
105 628
-
Employer

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

41 859
-
209 828
-
unemployment
25
-
126
-
health
2 788
-
13 976
-
pensions
3 704
-
18 569
-
total
6 517
-
32 671
-
Corporate
194 124
242 500
-
-
income
36 883
46 075
-
-
total
36 883
46 075
-
-
Dividends
157 241
196 425
-
-
withholding
23 586
29 464
-
-
total
23 586
29 464
-
-
Income
242 500
242 500
242 500
242 500
Total tax
83 456
75 539
138 299
133 033
After tax
159 044
166 961
104 201
109 467
Living cost
25 390
25 390
25 390
25 390
Free-cash
133 654
141 571
78 811
84 077

Estimated living cost  is ₽25390 per week

₽17425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186792
₽104845
₽124895
₽57781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
27 645
income
-
-
-
47 268
total
-
-
-
74 913
Employee
61 214
-
-
-
social contributions
5 020
-
715
-
income
13 503
-
-
-
total
18 523
-
715
-
Employer
61 214
-
-
-
social contributions
86 311
-
12 301
-
total
86 311
-
12 301
-
Corporate
94 975
242 500
-
-
income
20 895
53 350
-
-
total
20 895
53 350
-
-
Dividends
74 080
189 150
-
-
income
16 298
41 613
-
-
total
16 298
41 613
-
-
Income
242 500
242 500
242 500
242 500
Total tax
142 027
94 963
13 016
74 913
After tax
100 473
147 537
229 484
167 587
Living cost
42 692
42 692
42 692
42 692
Free-cash
57 781
104 845
186 792
124 895

Estimated living cost  is ₽42692 per week

₽27700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75277
₽108242
₽95316
₽107288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
social contributions

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

-
-
-
84 269
income
-
-
-
33 223
surtax
-
-
-
-
total
-
-
-
117 492
Employee
43 536
-
195 960
-
surtax
-
-
767
-
social contributions
4 789
-
21 556
-
income
9 056
-
68 668
-
total
13 845
-
90 991
-
Employer
43 536
-
195 960
-
social contributions
10 340
-
46 540
-
total
10 340
-
46 540
-
Corporate
188 624
242 500
-
-
surtax
-
-
-
-
income
39 611
50 925
-
-
total
39 611
50 925
-
-
Dividends
149 012
191 575
-
-
withholding
41 724
53 641
-
-
total
41 724
53 641
-
-
Income
242 500
242 500
242 500
242 500
Total tax
105 520
104 566
137 531
117 492
After tax
136 980
137 934
104 969
125 008
Living cost
29 692
29 692
29 692
29 692
Free-cash
107 288
108 242
75 277
95 316

Estimated living cost  is ₽29692 per week

₽22216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1751
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.
₽5229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75438
₽76499
₽84419
₽83005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
7 518
social contributions
-
-
-
6 909
health
-
-
-
12 618
income
-
-
-
49 297
pensions
-
-
-
36 019
surtax
-
-
-
-
total
-
-
-
112 361
Employee
59 288
-
183 678
-
surtax
-
-
-
-
social contributions
1 689
-
5 233
-
income
5 173
-
42 855
-
pensions
6 706
-
14 432
-
total
13 568
-
62 520
-
Employer
59 288
-
183 678
-
other
2 046
-
7 872
-
unemployment
2 402
-
7 439
-
health
4 150
-
18 960
-
pensions
9 742
-
24 000
-
social contributions
178
-
551
-
total
18 518
-
58 822
-
Corporate
164 696
242 500
-
-
surtax
-
-
-
-
income
46 114
67 901
-
-
total
46 114
67 901
-
-
Dividends
118 581
174 599
-
-
social contributions
20 396
30 032
-
-
surtax
-
-
-
-
withholding
15 179
22 348
-
-
total
35 575
52 380
-
-
Income
242 500
242 500
242 500
242 500
Total tax
113 775
120 281
121 342
112 361
After tax
128 725
122 219
121 158
130 139
Living cost
45 720
45 720
45 720
45 720
Free-cash
83 005
76 499
75 438
84 419

Estimated living cost  is ₽45720 per week

₽30942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽627
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽153974
₽189794
₽147529
₽186616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
income
-
-
-
13 167
social contributions
-
-
-
53 350
total
-
-
-
66 517
Employee
30 432
-
209 955
-
income
-
-
13 882
-
social contributions
1 978
-
13 647
-
total
1 978
-
27 529
-
Employer
30 432
-
209 955
-
social contributions
4 717
-
32 543
-
total
4 717
-
32 543
-
Corporate
207 350
242 500
-
-
income
20 735
24 251
-
-
total
20 735
24 251
-
-
Dividends
186 615
218 249
-
-
total
-
-
-
-
Income
242 500
242 500
242 500
242 500
Total tax
27 430
24 251
60 072
66 517
After tax
215 070
218 249
182 428
175 983
Living cost
28 455
28 455
28 455
28 455
Free-cash
186 616
189 794
153 974
147 529

Estimated living cost  is ₽28455 per week

₽18398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7376
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽36549
₽36549
₽93107
₽18482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
labour market
-
-
-
19 334
pensions
-
-
-
819
national
-
-
-
30 945
municipal
-
-
-
52 771
total
-
-
-
103 869
Employee
192 145
192 145
192 145
-
labour market
15 350
15 350
15 350
-
municipal
40 916
40 916
40 916
-
national
23 474
23 474
23 474
-
pensions
273
273
273
-
total
80 013
80 013
80 013
-
Employer
192 145
192 145
192 145
-
national
23 515
23 515
23 515
-
labour market
15 372
15 372
15 372
-
pensions
546
546
546
-
municipal
40 981
40 981
40 981
-
total
80 414
80 414
80 414
-
Corporate
36 549
-
-
-
income
8 041
-
-
-
total
8 041
-
-
-
Dividends
28 509
-
-
-
withholding
10 026
-
-
-
total
10 026
-
-
-
Income
242 500
242 500
242 500
242 500
Total tax
178 494
160 427
160 427
103 869
After tax
64 006
82 073
82 073
138 631
Living cost
45 524
45 524
45 524
45 524
Free-cash
18 482
36 549
36 549
93 107

Estimated living cost  is ₽45524 per week

₽31157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽700
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113641
-₽1048
₽144814
₽16469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
354
health
-
-
-
2 082
accident
-
-
-
241
income
-
-
-
70 346
pensions
-
-
-
3 972
total
-
-
-
76 995
Employee
32 548
-
222 804
-
income
4 465
-
55 677
-
pensions
3 665
-
7 283
-
health
3 727
-
25 511
-
total
11 857
-
88 471
-
Employer
32 548
-
222 804
-
unemployment
798
-
5 459
-
accident
543
-
3 721
-
pensions
5 292
-
10 517
-
total
6 633
-
19 697
-
Corporate
203 319
242 500
-
-
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.

182 987
218 250
-
-
total
182 987
218 250
-
-
Dividends
20 332
24 250
-
-
withholding
3 863
4 607
-
-
total
3 863
4 607
-
-
Income
242 500
242 500
242 500
242 500
Total tax
205 340
222 857
108 168
76 995
After tax
37 160
19 643
134 332
165 505
Living cost
20 691
20 691
20 691
20 691
Free-cash
16 469
-1 048
113 641
144 814

Estimated living cost  is ₽20691 per week

₽15061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81282
₽110026
₽109058
₽113833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
242 500
health
-
-
-
3 339
national
-
-
-
50 710
municipal
-
-
-
43 050
total
-
-
-
97 099
Employee
49 803
-
204 004
-
municipal
8 157
-
33 197
-
national
823
-
33 605
-
pensions
3 361
-
13 771
-
health
372
-
2 747
-
unemployment
747
-
3 059
-
total
13 460
-
86 379
-
Employer
49 803
-
204 004
-
unemployment
323
-
1 326
-
health
383
-
1 570
-
accident
50
-
205
-
pensions
8 640
-
35 395
-
total
9 396
-
38 496
-
Corporate
183 300
242 500
-
-
income
36 660
48 500
-
-
total
36 660
48 500
-
-
Dividends

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

109 980
145 500
-
-
national
13 012
21 440
-
-
municipal
19 796
26 191
-
-
total
32 808
47 631
-
-
Income
242 500
242 500
242 500
242 500
Total tax
92 324
96 131
124 875
97 099
After tax
150 176
146 369
117 625
145 401
Living cost
36 343
36 343
36 343
36 343
Free-cash
113 833
110 026
81 282
109 058

Estimated living cost  is ₽36343 per week

₽23739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138113
₽154744
₽140039
₽149591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
15 316
health
-
-
-
6 183
income
-
-
-
59 046
total
-
-
-
80 545
Employee
72 789
72 789
230 094
-
social contributions
2 752
6 041
8 148
-
income
7 926
6 738
58 006
-
health
564
1 238
3 912
-
total
11 242
14 017
70 066
-
Employer
72 789
72 789
230 094
-
health
613
1 347
4 257
-
social contributions
2 752
6 041
8 148
-
total
3 365
7 388
12 405
-
Corporate
205 977
162 322
-
-
income
25 747
20 290
-
-
total
25 747
20 290
-
-
Dividends
180 230
142 032
-
-
withholding
30 639
24 145
-
-
total
30 639
24 145
-
-
Income
242 500
242 500
242 500
242 500
Total tax
70 993
65 840
82 471
80 545
After tax
171 507
176 660
160 029
161 955
Living cost
21 916
21 916
21 916
21 916
Free-cash
149 591
154 744
138 113
140 039

Estimated living cost  is ₽21916 per week

₽13135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽173711
₽185784
₽192699
₽180967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
242 500
health
-
-
-
3 426
income
-
-
-
25 298
pensions
-
-
-
6 021
unemployment
-
-
-
27
total
-
-
-
34 772
Employee

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

21 728
-
233 249
-
income
1 486
-
22 952
-
pensions
3 259
-
13 473
-
health
1 847
-
7 635
-
unemployment
108
-
449
-
total
6 700
-
44 509
-
Employer

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

21 728
-
233 249
-
unemployment
108
-
449
-
health
934
-
3 862
-
pensions
1 195
-
4 940
-
total
2 237
-
9 251
-
Corporate
218 536
242 500
-
-
income
19 668
21 826
-
-
total
19 668
21 826
-
-
Dividends
198 867
220 674
-
-
withholding
17 899
19 861
-
-
total
17 899
19 861
-
-
Income
242 500
242 500
242 500
242 500
Total tax
46 504
41 687
53 760
34 772
After tax
195 996
200 813
188 740
207 728
Living cost
15 029
15 029
15 029
15 029
Free-cash
180 967
185 784
173 711
192 699

Estimated living cost  is ₽15029 per week

₽9589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽447
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105241
₽134698
₽109213
₽130517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
88
accident
-
-
-
790
income
-
-
-
80 936
pensions
-
-
-
24 829
unemployment
-
-
-
614
total
-
-
-
107 257
Employee
35 002
-
214 529
-
income
6 748
-
77 686
-
other
34
-
88
-
pensions
1 645
-
4 124
-
unemployment
543
-
1 360
-
total
8 970
-
83 258
-
Employer
35 002
-
214 529
-
other
280
-
702
-
unemployment
1 926
-
4 825
-
accident
693
-
1 737
-
pensions
8 260
-
20 707
-
total
11 159
-
27 971
-
Corporate
196 340
242 500
-
-
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.

29 451
36 374
-
-
total
29 451
36 374
-
-
Dividends
166 888
206 126
-
-
withholding
36 373
45 398
-
-
total
36 373
45 398
-
-
Income
242 500
242 500
242 500
242 500
Total tax
85 953
81 772
111 229
107 257
After tax
156 547
160 728
131 271
135 243
Living cost
26 030
26 030
26 030
26 030
Free-cash
130 517
134 698
105 241
109 213

Estimated living cost  is ₽26030 per week

₽17570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽154725
₽149572
₽154850
₽149285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
925
income
-
-
-
83 702
pensions
-
-
-
1 275
total
-
-
-
85 902
Employee
2 663
-
241 065
-
income
515
-
83 635
-
pensions
240
-
574
-
health
133
-
319
-
unemployment
27
-
64
-
total
915
-
84 592
-
Employer
2 663
-
241 065
-
unemployment
53
-
128
-
health
253
-
606
-
pensions
293
-
701
-
total
599
-
1 435
-
Corporate
239 238
242 500
-
-
income
52 632
53 350
-
-
total
52 632
53 350
-
-
Dividends
186 605
189 150
-
-
withholding
37 321
37 830
-
-
total
37 321
37 830
-
-
Income
242 500
242 500
242 500
242 500
Total tax
91 467
91 180
86 027
85 902
After tax
151 033
151 320
156 473
156 598
Living cost
1 748
1 748
1 748
1 748
Free-cash
149 285
149 572
154 725
154 850

Estimated living cost  is ₽1748 per week

₽1039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽40
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143109
₽158875
₽143109
₽154228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
health
-
-
-
7 188
income
-
-
-
56 680
pensions
-
-
-
18 145
unemployment
-
-
-
1 047
total
-
-
-
83 060
Employee

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

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

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

24 626
-
230 008
-
income
3 395
-
56 680
-
pensions
3 448
-
9 771
-
health
1 268
-
3 594
-
unemployment
185
-
523
-
total
8 296
-
70 568
-
Employer

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

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

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

24 626
-
230 008
-
unemployment
185
-
523
-
health
1 268
-
3 594
-
pensions
2 955
-
8 375
-
total
4 408
-
12 492
-
Corporate
213 465
242 500
-
-
income
32 020
36 375
-
-
total
32 020
36 375
-
-
Dividends
181 446
206 125
-
-
withholding
27 217
30 919
-
-
total
27 217
30 919
-
-
Income
242 500
242 500
242 500
242 500
Total tax
71 941
67 294
83 060
83 060
After tax
170 559
175 206
159 440
159 440
Living cost
16 331
16 331
16 331
16 331
Free-cash
154 228
158 875
143 109
143 109

Estimated living cost  is ₽16331 per week

₽10996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1263
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.
₽3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79449
₽112414
₽99488
₽112072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
social contributions

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

-
-
-
84 269
income
-
-
-
33 223
surtax
-
-
-
-
total
-
-
-
117 492
Employee
36 740
-
195 960
-
surtax
-
-
767
-
social contributions
4 042
-
21 556
-
income
7 179
-
68 668
-
total
11 221
-
90 991
-
Employer
36 740
-
195 960
-
social contributions
8 725
-
46 540
-
total
8 725
-
46 540
-
Corporate
197 035
242 500
-
-
surtax
-
-
-
-
income
41 377
50 925
-
-
total
41 377
50 925
-
-
Dividends
155 658
191 575
-
-
withholding
43 585
53 641
-
-
total
43 585
53 641
-
-
Income
242 500
242 500
242 500
242 500
Total tax
104 908
104 566
137 531
117 492
After tax
137 592
137 934
104 969
125 008
Living cost
25 520
25 520
25 520
25 520
Free-cash
112 072
112 414
79 449
99 488

Estimated living cost  is ₽25520 per week

₽18075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽98003
₽127460
₽101975
₽121265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
88
accident
-
-
-
790
income
-
-
-
80 936
pensions
-
-
-
24 829
unemployment
-
-
-
614
total
-
-
-
107 257
Employee
45 717
-
214 529
-
income
9 549
-
77 686
-
other
45
-
88
-
pensions
2 148
-
4 124
-
unemployment
708
-
1 360
-
total
12 450
-
83 258
-
Employer
45 717
-
214 529
-
other
366
-
702
-
unemployment
2 515
-
4 825
-
accident
905
-
1 737
-
pensions
10 789
-
20 707
-
total
14 575
-
27 971
-
Corporate
182 208
242 500
-
-
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.

27 332
36 374
-
-
total
27 332
36 374
-
-
Dividends
154 876
206 126
-
-
withholding
33 610
45 398
-
-
total
33 610
45 398
-
-
Income
242 500
242 500
242 500
242 500
Total tax
87 967
81 772
111 229
107 257
After tax
154 533
160 728
131 271
135 243
Living cost
33 268
33 268
33 268
33 268
Free-cash
121 265
127 460
98 003
101 975

Estimated living cost  is ₽33268 per week

₽23892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽191712
₽191279
₽181361
₽185590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
health
-
-
-
3 750
income
-
-
-
36 375
pensions

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

-
-
-
4 826
unemployment
-
-
-
130
total
-
-
-
45 081
Employee
21 263
-
236 103
-
income
2 127
-
23 610
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

1 867
-
2 863
-
health
978
-
1 500
-
total
5 206
-
28 332
-
Employer
21 263
-
236 103
-
unemployment
128
-
196
-
health
1 467
-
2 250
-
accident

We are using the highest rate at 1.1%.

234
-
359
-
pensions

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

2 343
-
3 593
-
total
4 172
-
6 398
-
Corporate
217 066
242 500
-
-
income
21 706
24 250
-
-
total
21 706
24 250
-
-
Dividends
195 359
218 250
-
-
withholding
9 768
10 913
-
-
total
9 768
10 913
-
-
Income
242 500
242 500
242 500
242 500
Total tax
40 852
35 163
34 730
45 081
After tax
201 648
207 337
207 770
197 419
Living cost
16 058
16 058
16 058
16 058
Free-cash
185 590
191 279
191 712
181 361

Estimated living cost  is ₽16058 per week

₽10620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Sofia model

Close
Berlin , Germany
₽111543
₽88134
₽83060
₽100518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
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.

-
-
-
6 467
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.

-
-
-
83 360
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.

-
-
-
4 584
trade
-
-
-
28 483
total
-
-
-
122 894
Employee

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

47 099
-
242 500
-
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.

214
-
4 584
-
income

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

3 873
-
83 360
-
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.

6 467
-
6 467
-
total
10 554
-
94 411
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
195 401
242 500
-
-
chamber of commerce
431
499
-
-
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.

1 611
2 001
-
-
trade
28 039
34 799
-
-
income
29 309
36 374
-
-
total
59 390
73 673
-
-
Dividends
136 009
168 826
-
-
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.

1 850
2 301
-
-
withholding
33 642
41 846
-
-
total
35 492
44 147
-
-
Income
242 500
242 500
242 500
242 500
Total tax
105 436
117 820
94 411
122 894
After tax
137 064
124 680
148 089
119 606
Living cost
36 546
36 546
36 546
36 546
Free-cash
100 518
88 134
111 543
83 060

Estimated living cost  is ₽36546 per week

₽25210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65010
₽115828
₽65010
₽117916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
income
-
-
-
81 353
social contributions
-
-
-
42 214
total
-
-
-
123 567
Employee
74 045
-
242 500
-
income
13 972
-
81 353
-
social contributions
6 152
-
42 214
-
total
20 124
-
123 567
-
Employer
74 045
-
242 500
-
total
-
-
-
-
Corporate
168 455
242 500
-
-
income
21 057
30 312
-
-
total
21 057
30 312
-
-
Dividends
147 398
212 188
-
-
withholding
29 480
42 437
-
-
total
29 480
42 437
-
-
Income
242 500
242 500
242 500
242 500
Total tax
70 661
72 749
123 567
123 567
After tax
171 839
169 751
118 933
118 933
Living cost
53 923
53 923
53 923
53 923
Free-cash
117 916
115 828
65 010
65 010

Estimated living cost  is ₽53923 per week

₽41023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽133437
₽118263
₽165940
₽121569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
income
-
-
-
36 374
health

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

-
-
-
5 824
total
-
-
-
42 198
Employee
43 425
-
238 146
-
income
4 712
-
65 993
-
social contributions
4 351
-
4 354
-
total
9 063
-
70 347
-
Employer
43 425
-
238 146
-
social contributions
4 351
-
4 354
-
total
4 351
-
4 354
-
Corporate
194 725
242 500
-
-
income
68 154
84 874
-
-
total
68 154
84 874
-
-
Dividends
126 571
157 626
-
-
social contributions
5 001
5 001
-
-
total
5 001
5 001
-
-
Income
242 500
242 500
242 500
242 500
Total tax
86 569
89 875
74 701
42 198
After tax
155 931
152 625
167 799
200 302
Living cost
34 362
34 362
34 362
34 362
Free-cash
121 569
118 263
133 437
165 940

Estimated living cost  is ₽34362 per week

₽22634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98526
₽115480
₽120050
₽121061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
income
-
-
-
77 427
pensions
-
-
-
10 011
total
-
-
-
87 438
Employee
48 059
-
211 131
-
income
8 752
-
63 078
-
health
627
-
2 763
-
pensions
3 668
-
11 752
-
total
13 047
-
77 593
-
Employer
48 059
-
211 131
-
health
913
-
4 011
-
pensions
4 856
-
27 358
-
total
5 769
-
31 369
-
Corporate
188 672
242 500
-
-
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.

35 849
46 074
-
-
total
35 849
46 074
-
-
Dividends
152 823
196 426
-
-
withholding
31 762
45 934
-
-
total
31 762
45 934
-
-
Income
242 500
242 500
242 500
242 500
Total tax
86 427
92 008
108 962
87 438
After tax
156 073
150 492
133 538
155 062
Living cost
35 012
35 012
35 012
35 012
Free-cash
121 061
115 480
98 526
120 050

Estimated living cost  is ₽35012 per week

₽24018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3220
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽111593
-₽3096
₽142766
₽16156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
other
-
-
-
354
health
-
-
-
2 082
accident
-
-
-
241
income
-
-
-
70 346
pensions
-
-
-
3 972
total
-
-
-
76 995
Employee
35 770
-
222 804
-
income
4 907
-
55 677
-
pensions
4 028
-
7 283
-
health
4 095
-
25 511
-
total
13 030
-
88 471
-
Employer
35 770
-
222 804
-
unemployment
876
-
5 459
-
accident
597
-
3 721
-
pensions
5 816
-
10 517
-
total
7 289
-
19 697
-
Corporate
199 441
242 500
-
-
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.

179 497
218 250
-
-
total
179 497
218 250
-
-
Dividends
19 944
24 250
-
-
withholding
3 789
4 607
-
-
total
3 789
4 607
-
-
Income
242 500
242 500
242 500
242 500
Total tax
203 605
222 857
108 168
76 995
After tax
38 895
19 643
134 332
165 505
Living cost
22 739
22 739
22 739
22 739
Free-cash
16 156
-3 096
111 593
142 766

Estimated living cost  is ₽22739 per week

₽16688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1325
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.
₽4268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽167870
₽172767
₽147119
₽169912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
242 500
income
-
-
-
41 136
health insurance
-
-
-
11 167
work injury
-
-
-
755
pensions
-
-
-
27 766
unemployment
-
-
-
1 811
total
-
-
-
82 635
Employee

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

20 393
-
242 500
-
income
2 039
-
41 136
-
work injury
102
-
377
-
health insurance
1 509
-
5 583
-
pensions
3 752
-
13 883
-
unemployment
245
-
905
-
total
7 647
-
61 884
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
222 107
242 500
-
-
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%.

22 211
24 250
-
-
total
22 211
24 250
-
-
Dividends
199 896
218 250
-
-
withholding
29 984
32 737
-
-
total
29 984
32 737
-
-
Income
242 500
242 500
242 500
242 500
Total tax
59 842
56 987
61 884
82 635
After tax
182 658
185 513
180 616
159 865
Living cost
12 746
12 746
12 746
12 746
Free-cash
169 912
172 767
167 870
147 119

Estimated living cost  is ₽12746 per week

₽7896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70065
₽90023
₽77841
₽85718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
242 500
social contributions
-
-
-
47 377
national
-
-
-
71 633
regional
-
-
-
6 182
municipal
-
-
-
1 757
total
-
-
-
126 949
Employee
79 767
-
242 500
-
social contributions
26 897
-
62 113
-
municipal
476
-
1 624
-
national
13 480
-
65 298
-
regional
1 204
-
5 690
-
total
42 057
-
134 725
-
Employer
79 767
-
242 500
-
total
-
-
-
-
Corporate
162 733
242 500
-
-
nationa
39 056
58 200
-
-
municipal
7 843
11 689
-
-
total
46 899
69 889
-
-
Dividends
115 834
172 611
-
-
withholding
30 116
44 878
-
-
total
30 116
44 878
-
-
Income
242 500
242 500
242 500
242 500
Total tax
119 072
114 767
134 725
126 949
After tax
123 428
127 733
107 775
115 551
Living cost
37 710
37 710
37 710
37 710
Free-cash
85 718
90 023
70 065
77 841

Estimated living cost  is ₽37710 per week

₽26489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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