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
₽ 244000
per

Your estimated
City
free-cash

Dresden , Germany
₽120177
₽94127
₽88713
₽104648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 498
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.

-
-
-
83 900
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.

-
-
-
4 614
trade
-
-
-
31 464
total
-
-
-
126 476
Employee

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

36 381
-
244 000
-
surtax

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

56
-
4 614
-
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.

1 016
-
83 900
-
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.

6 498
-
6 498
-
total
7 570
-
95 012
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
207 619
244 000
-
-
chamber of commerce
442
495
-
-
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.

1 713
2 013
-
-
trade
32 701
38 430
-
-
income
31 143
36 600
-
-
total
65 999
77 538
-
-
Dividends
141 620
166 463
-
-
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.

1 928
2 269
-
-
withholding
35 044
41 255
-
-
total
36 972
43 524
-
-
Income
244 000
244 000
244 000
244 000
Total tax
110 541
121 062
95 012
126 476
After tax
133 459
122 938
148 988
117 524
Living cost
28 811
28 811
28 811
28 811
Free-cash
104 648
94 127
120 177
88 713

Estimated living cost  is ₽28811 per week

₽18123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88650
₽102176
₽87340
₽101342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
2 623
pensions
-
-
-
29 280
national
-
-
-
47 451
municipal
-
-
-
27 226
total
-
-
-
106 580
Employee
77 633
-
210 936
-
municipal
9 589
-
28 170
-
national
14 859
-
49 520
-
pensions
3 105
-
8 437
-
total
27 553
-
86 127
-
Employer
77 633
-
210 936
-
pensions
6 211
-
16 875
-
social contributions
835
-
2 268
-
total
7 046
-
19 143
-
Corporate
154 198
244 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

30 840
48 800
-
-
total
30 840
48 800
-
-
Dividends
123 358
195 200
-
-
withholding
27 139
42 944
-
-
total
27 139
42 944
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 578
91 744
105 270
106 580
After tax
151 422
152 256
138 730
137 420
Living cost
50 080
50 080
50 080
50 080
Free-cash
101 342
102 176
88 650
87 340

Estimated living cost  is ₽50080 per week

₽34039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽750
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87875
₽175411
₽70979
₽167607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
social contributions

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

-
-
-
36 444
income
-
-
-
54 567
surtax
-
-
-
62 221
microenterprise
-
-
-
-
total
-
-
-
153 232
Employee
27 794
-
195 218
-
surtax
-
-
28 307
-
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.

3 058
-
12 469
-
income
4 948
-
46 778
-
total
8 006
-
87 554
-
Employer
27 794
-
195 218
-
surtax
-
-
21 473
-
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.

6 695
-
27 309
-
total
6 695
-
48 782
-
Corporate
209 511
244 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

41 903
48 800
-
-
total
41 903
48 800
-
-
Dividends

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

167 608
195 200
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
56 604
48 800
136 336
153 232
After tax
187 396
195 200
107 664
90 768
Living cost
19 789
19 789
19 789
19 789
Free-cash
167 607
175 411
87 875
70 979

Estimated living cost  is ₽19789 per week

₽12625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116149
₽82096
₽89540
₽76268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
11 729
income
-
-
-
91 739
pensions
-
-
-
11 145
total
-
-
-
114 613
Employee
81 228
81 228
226 323
-
income

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

13 296
13 296
47 453
-
pensions
14 621
11 145
11 145
-
health
12 468
10 605
11 729
-
total
40 385
35 046
70 327
-
Employer
81 228
81 228
226 323
-
unemployment
2 924
2 924
3 634
-
health
5 646
5 646
7 016
-
pensions
5 653
5 653
7 027
-
total
14 223
14 223
17 677
-
Corporate
149 544
148 548
-
-
income
29 908
29 710
-
-
total
29 908
29 710
-
-
Dividends
119 636
118 838
-
-
income
25 423
25 253
-
-
withholding
17 946
17 825
-
-
total
43 369
43 078
-
-
Income
244 000
244 000
244 000
244 000
Total tax
127 885
122 057
88 004
114 613
After tax
116 115
121 943
155 996
129 387
Living cost
39 847
39 847
39 847
39 847
Free-cash
76 268
82 096
116 149
89 540

Estimated living cost  is ₽39847 per week

₽28239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽634
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7383
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽80817
₽94092
₽81764
₽93214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
9 966
health
-
-
-
5 352
accident
-
-
-
171
pensions
-
-
-
9 271
national
-
-
-
32 906
unemployment
-
-
-
86
municipal
-
-
-
65 352
total
-
-
-
123 104
Employee
55 759
-
217 053
-
municipal
16 627
-
64 725
-
national
-
-
32 380
-
total
16 627
-
97 105
-
Employer
55 759
-
217 053
-
other
6 479
-
9 966
-
unemployment
1 472
-
2 264
-
health
3 429
-
5 274
-
accident
112
-
171
-
pensions
6 027
-
9 271
-
total
17 519
-
26 946
-
Corporate
170 721
244 000
-
-
income
37 559
53 680
-
-
total
37 559
53 680
-
-
Dividends
133 162
190 320
-
-
withholding
39 949
57 096
-
-
total
39 949
57 096
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 654
110 776
124 051
123 104
After tax
132 346
133 224
119 949
120 896
Living cost
39 132
39 132
39 132
39 132
Free-cash
93 214
94 092
80 817
81 764

Estimated living cost  is ₽39132 per week

₽25935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111621
₽84316
₽78758
₽97684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 498
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.

-
-
-
83 900
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.

-
-
-
4 614
trade
-
-
-
32 863
total
-
-
-
127 875
Employee

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

48 237
-
244 000
-
surtax

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

227
-
4 614
-
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.

4 144
-
83 900
-
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.

6 498
-
6 498
-
total
10 869
-
95 012
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
195 763
244 000
-
-
chamber of commerce
422
491
-
-
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.

1 616
2 013
-
-
trade
32 202
40 138
-
-
income
29 365
36 600
-
-
total
63 605
79 242
-
-
Dividends
132 158
164 759
-
-
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.

1 798
2 246
-
-
withholding
32 677
40 829
-
-
total
34 475
43 075
-
-
Income
244 000
244 000
244 000
244 000
Total tax
108 949
122 317
95 012
127 875
After tax
135 051
121 683
148 988
116 125
Living cost
37 367
37 367
37 367
37 367
Free-cash
97 684
84 316
111 621
78 758

Estimated living cost  is ₽37367 per week

₽24991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130154
₽146898
₽132093
₽142955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
15 390
health
-
-
-
6 222
income
-
-
-
59 443
total
-
-
-
81 055
Employee
73 142
73 142
231 529
-
social contributions
3 554
6 070
8 188
-
income
7 681
6 771
58 398
-
health
727
1 244
3 937
-
total
11 962
14 085
70 523
-
Employer
73 142
73 142
231 529
-
health
792
1 354
4 283
-
social contributions
3 554
6 070
8 188
-
total
4 346
7 424
12 471
-
Corporate
196 839
163 433
-
-
income
24 605
20 430
-
-
total
24 605
20 430
-
-
Dividends
172 234
143 004
-
-
withholding
29 280
24 311
-
-
total
29 280
24 311
-
-
Income
244 000
244 000
244 000
244 000
Total tax
70 193
66 250
82 994
81 055
After tax
173 807
177 750
161 006
162 945
Living cost
30 852
30 852
30 852
30 852
Free-cash
142 955
146 898
130 154
132 093

Estimated living cost  is ₽30852 per week

₽21090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽124010
₽119470
₽151593
₽119834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
17 080
income
-
-
-
29 829
pensions
-
-
-
24 400
unemployment
-
-
-
3 660
total
-
-
-
74 969
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.

25 172
10 018
204 184
-
income
3 077
1 225
24 962
-
pensions
2 517
1 002
20 418
-
health
1 762
701
14 293
-
unemployment
378
150
3 063
-
total
7 734
3 078
62 736
-
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.

25 172
10 018
204 184
-
pensions
4 908
1 954
39 816
-
total
4 908
1 954
39 816
-
Corporate
213 920
232 029
-
-
income
19 253
20 883
-
-
total
19 253
20 883
-
-
Dividends
194 667
211 146
-
-
social contributions
37 846
41 059
-
-
withholding
36 987
40 118
-
-
total
74 833
81 177
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 728
107 092
102 552
74 969
After tax
137 272
136 908
141 448
169 031
Living cost
17 438
17 438
17 438
17 438
Free-cash
119 834
119 470
124 010
151 593

Estimated living cost  is ₽17438 per week

₽11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽117666
₽172225
₽107809
₽166315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
31 721
income
-
-
-
32 695
pensions
-
-
-
48 800
total
-
-
-
113 216
Employee
26 984
-
182 360
-
income
3 038
-
35 159
-
pensions
540
-
3 648
-
unemployment
431
-
2 917
-
total
4 009
-
41 724
-
Employer
26 984
-
182 360
-
unemployment
217
-
1 458
-
health
3 507
-
23 706
-
pensions
5 397
-
36 471
-
total
9 121
-
61 635
-
Corporate
207 895
244 000
-
-
income
41 580
48 800
-
-
total
41 580
48 800
-
-
Dividends
166 315
195 200
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
54 710
48 800
103 359
113 216
After tax
189 290
195 200
140 641
130 784
Living cost
22 975
22 975
22 975
22 975
Free-cash
166 315
172 225
117 666
107 809

Estimated living cost  is ₽22975 per week

₽15758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽5386
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114245
-₽1202
₽145559
₽16546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
353
health
-
-
-
2 078
accident
-
-
-
241
income
-
-
-
70 838
pensions
-
-
-
3 965
total
-
-
-
77 475
Employee
32 980
-
224 261
-
income
4 525
-
56 102
-
pensions
3 714
-
7 271
-
health
3 776
-
25 678
-
total
12 015
-
89 051
-
Employer
32 980
-
224 261
-
unemployment
808
-
5 494
-
accident
551
-
3 745
-
pensions
5 363
-
10 499
-
total
6 722
-
19 738
-
Corporate
204 299
244 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

183 869
219 600
-
-
total
183 869
219 600
-
-
Dividends
20 430
24 400
-
-
withholding
3 882
4 636
-
-
total
3 882
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
206 488
224 236
108 789
77 475
After tax
37 512
19 764
135 211
166 525
Living cost
20 966
20 966
20 966
20 966
Free-cash
16 546
-1 202
114 245
145 559

Estimated living cost  is ₽20966 per week

₽15366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1162
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.
₽4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽187264
₽223864
₽233624
₽222376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
244 000
microenterprise

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

-
-
-
2 440
total
-
-
-
2 440
Employee
9 920
-
244 000
-
income
1 984
-
48 800
-
total
1 984
-
48 800
-
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%.

234 080
244 000
-
-
total
-
-
-
-
Dividends
234 080
244 000
-
-
withholding
11 704
12 200
-
-
total
11 704
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
13 688
12 200
48 800
2 440
After tax
230 312
231 800
195 200
241 560
Living cost
7 936
7 936
7 936
7 936
Free-cash
222 376
223 864
187 264
233 624

Estimated living cost  is ₽7936 per week

₽4918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽123772
₽153921
₽125717
₽147499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
6 870
health
-
-
-
6 365
income
-
-
-
44 988
pensions

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

-
-
-
34 715
total
-
-
-
92 938
Employee
34 537
-
207 050
-
income
5 946
-
44 338
-
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.

2 417
-
10 125
-
health
484
-
2 025
-
unemployment
345
-
1 446
-
total
9 192
-
57 934
-
Employer
34 537
-
207 050
-
other
1 727
-
7 231
-
unemployment
345
-
1 446
-
health
484
-
2 025
-
accident
276
-
1 657
-
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.

5 872
-
24 590
-
total
8 704
-
36 949
-
Corporate
200 759
244 000
-
-
income
42 159
51 241
-
-
total
42 159
51 241
-
-
Dividends
158 600
192 759
-
-
withholding
11 101
13 493
-
-
total
11 101
13 493
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 156
64 734
94 883
92 938
After tax
172 844
179 266
149 117
151 062
Living cost
25 345
25 345
25 345
25 345
Free-cash
147 499
153 921
123 772
125 717

Estimated living cost  is ₽25345 per week

₽17908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71070
₽88113
₽92725
₽95730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
77 952
pensions
-
-
-
10 059
total
-
-
-
88 011
Employee
89 509
-
212 432
-
income
16 135
-
63 513
-
health
1 475
-
2 779
-
pensions
8 635
-
11 806
-
total
26 245
-
78 098
-
Employer
89 509
-
212 432
-
health
1 700
-
4 035
-
pensions
10 568
-
27 533
-
total
12 268
-
31 568
-
Corporate
142 222
244 000
-
-
income

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

27 022
46 359
-
-
total
27 022
46 359
-
-
Dividends
115 200
197 641
-
-
withholding
19 471
46 264
-
-
total
19 471
46 264
-
-
Income
244 000
244 000
244 000
244 000
Total tax
85 006
92 623
109 666
88 011
After tax
158 994
151 377
134 334
155 989
Living cost
63 264
63 264
63 264
63 264
Free-cash
95 730
88 113
71 070
92 725

Estimated living cost  is ₽63264 per week

₽47405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽196659
₽196261
₽186249
₽191882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
3 787
income
-
-
-
36 600
pensions

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

-
-
-
4 873
unemployment
-
-
-
132
total
-
-
-
45 392
Employee
16 365
-
237 540
-
income
1 636
-
23 754
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 437
-
2 891
-
health
753
-
1 515
-
total
4 006
-
28 522
-
Employer
16 365
-
237 540
-
unemployment
98
-
198
-
health
1 130
-
2 272
-
accident

We are using the highest rate at 1.1%.

180
-
362
-
pensions

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

1 804
-
3 628
-
total
3 212
-
6 460
-
Corporate
224 424
244 000
-
-
income
22 442
24 400
-
-
total
22 442
24 400
-
-
Dividends
201 981
219 600
-
-
withholding
10 099
10 980
-
-
total
10 099
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
39 759
35 380
34 982
45 392
After tax
204 241
208 620
209 018
198 608
Living cost
12 359
12 359
12 359
12 359
Free-cash
191 882
196 261
196 659
186 249

Estimated living cost  is ₽12359 per week

₽7215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽103251
₽69198
₽76642
₽71590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
11 729
income
-
-
-
91 739
pensions
-
-
-
11 145
total
-
-
-
114 613
Employee
88 188
81 228
226 323
-
income

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

13 296
13 296
47 453
-
pensions
11 145
11 145
11 145
-
health
11 002
10 605
11 729
-
total
35 443
35 046
70 327
-
Employer
88 188
81 228
226 323
-
unemployment
3 175
2 924
3 634
-
health
6 128
5 646
7 016
-
pensions
6 137
5 653
7 027
-
total
15 440
14 223
17 677
-
Corporate
140 372
148 548
-
-
income
28 074
29 710
-
-
total
28 074
29 710
-
-
Dividends
112 297
118 838
-
-
income
23 863
25 253
-
-
withholding
16 845
17 825
-
-
total
40 708
43 078
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 665
122 057
88 004
114 613
After tax
124 335
121 943
155 996
129 387
Living cost
52 745
52 745
52 745
52 745
Free-cash
71 590
69 198
103 251
76 642

Estimated living cost  is ₽52745 per week

₽38908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112069
₽144627
₽123094
₽136290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
33 624
health
-
-
-
32 940
income
-
-
-
26 615
solidarity contribution
-
-
-
4 360
total
-
-
-
97 539
Employee
34 363
-
197 442
-
social contributions
2 234
-
7 485
-
solidarity contribution
-
-
3 371
-
income
4 124
-
24 495
-
health
4 639
-
26 655
-
total
10 997
-
62 006
-
Employer
34 363
-
197 442
-
health
3 093
-
17 770
-
social contributions
8 591
-
28 788
-
total
11 684
-
46 558
-
Corporate
197 953
244 000
-
-
income
37 611
46 360
-
-
total
37 611
46 360
-
-
Dividends
160 342
197 640
-
-
withholding
24 051
29 646
-
-
total
24 051
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 343
76 006
108 564
97 539
After tax
159 657
167 994
135 436
146 461
Living cost
23 367
23 367
23 367
23 367
Free-cash
136 290
144 627
112 069
123 094

Estimated living cost  is ₽23367 per week

₽16231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1662
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.
₽5014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽71273
₽90046
₽79338
₽85080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
47 607
national
-
-
-
72 120
regional
-
-
-
3 228
municipal
-
-
-
1 570
total
-
-
-
124 525
Employee
84 536
-
244 000
-
social contributions
28 506
-
62 414
-
municipal
448
-
1 453
-
national
14 648
-
65 753
-
regional
798
-
2 970
-
total
44 400
-
132 590
-
Employer
84 536
-
244 000
-
total
-
-
-
-
Corporate
159 464
244 000
-
-
nationa
38 271
58 560
-
-
municipal
6 218
9 516
-
-
total
44 489
68 076
-
-
Dividends
114 974
175 924
-
-
withholding
29 894
45 741
-
-
total
29 894
45 741
-
-
Income
244 000
244 000
244 000
244 000
Total tax
118 783
113 817
132 590
124 525
After tax
125 217
130 183
111 410
119 475
Living cost
40 137
40 137
40 137
40 137
Free-cash
85 080
90 046
71 273
79 338

Estimated living cost  is ₽40137 per week

₽27979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87649
₽132488
₽93463
₽129526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
-
health
-
-
-
9 013
income
-
-
-
80 864
pensions
-
-
-
25 390
surtax
-
-
-
14 063
unemployment
-
-
-
217
total
-
-
-
129 547
Employee
31 455
-
217 278
-
surtax
103
-
12 924
-
income
5 273
-
75 174
-
other
-
-
-
-
pensions
2 097
-
8 468
-
health
803
-
3 236
-
unemployment
2 190
-
8 836
-
total
10 466
-
108 638
-
Employer
31 455
-
217 278
-
other
-
-
-
-
unemployment
996
-
4 024
-
health
1 431
-
5 776
-
pensions
4 193
-
16 923
-
total
6 620
-
26 723
-
Corporate
205 924
244 000
-
-
income
53 540
63 439
-
-
total
53 540
63 439
-
-
Dividends
152 383
180 561
-
-
withholding
22 858
27 083
-
-
total
22 858
27 083
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 484
90 522
135 361
129 547
After tax
150 516
153 478
108 639
114 453
Living cost
20 990
20 990
20 990
20 990
Free-cash
129 526
132 488
87 649
93 463

Estimated living cost  is ₽20990 per week

₽12834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91114
₽108157
₽112769
₽114402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
77 952
pensions
-
-
-
10 059
total
-
-
-
88 011
Employee
59 987
-
212 432
-
income
10 804
-
63 513
-
health
871
-
2 779
-
pensions
5 092
-
11 806
-
total
16 767
-
78 098
-
Employer
59 987
-
212 432
-
health
1 140
-
4 035
-
pensions
6 494
-
27 533
-
total
7 634
-
31 568
-
Corporate
176 380
244 000
-
-
income

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

33 512
46 359
-
-
total
33 512
46 359
-
-
Dividends
142 868
197 641
-
-
withholding
28 465
46 264
-
-
total
28 465
46 264
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 378
92 623
109 666
88 011
After tax
157 622
151 377
134 334
155 989
Living cost
43 220
43 220
43 220
43 220
Free-cash
114 402
108 157
91 114
112 769

Estimated living cost  is ₽43220 per week

₽32380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3240
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽107801
₽35011
₽115556
₽67768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
4 881
health
-
-
-
549
pensions
-
-
-
22 447
city
-
-
-
2 572
national
-
-
-
7 210
regional
-
-
-
14 220
total
-
-
-
51 879
Employee
89 601
-
220 078
-
national
424
-
5 911
-
city
962
-
2 387
-
pensions
7 528
-
16 605
-
health
203
-
496
-
regional
2 934
-
12 733
-
unemployment
-
-
-
-
total
12 051
-
38 132
-
Employer
89 601
-
220 078
-
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.

1 791
-
4 401
-
unemployment
-
-
-
-
health
203
-
496
-
pensions
7 528
-
16 605
-
total
9 522
-
21 502
-
Corporate
143 892
244 000
-
-
regional
30 433
51 606
-
-
national
12 231
20 740
-
-
total
42 664
72 346
-
-
Dividends
101 228
171 653
-
-
withholding
35 430
60 078
-
-
total
35 430
60 078
-
-
Income
244 000
244 000
244 000
244 000
Total tax
99 667
132 424
59 634
51 879
After tax
144 333
111 576
184 366
192 121
Living cost
76 565
76 565
76 565
76 565
Free-cash
67 768
35 011
107 801
115 556

Estimated living cost  is ₽76565 per week

₽49789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽940
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽105413
₽76855
₽71151
₽92277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 498
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.

-
-
-
83 900
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.

-
-
-
4 614
trade
-
-
-
34 262
total
-
-
-
129 274
Employee

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

57 165
-
244 000
-
surtax

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

370
-
4 614
-
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.

6 722
-
83 900
-
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.

6 498
-
6 498
-
total
13 590
-
95 012
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
186 835
244 000
-
-
chamber of commerce
408
487
-
-
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.

1 542
2 013
-
-
trade
32 042
41 845
-
-
income
28 026
36 600
-
-
total
62 018
80 945
-
-
Dividends
124 818
163 055
-
-
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.

1 697
2 222
-
-
withholding
30 843
40 403
-
-
total
32 540
42 625
-
-
Income
244 000
244 000
244 000
244 000
Total tax
108 148
123 570
95 012
129 274
After tax
135 852
120 430
148 988
114 726
Living cost
43 575
43 575
43 575
43 575
Free-cash
92 277
76 855
105 413
71 151

Estimated living cost  is ₽43575 per week

₽31825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽567
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽89326
₽90431
₽98376
₽96050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
7 563
social contributions
-
-
-
6 951
health
-
-
-
12 704
income
-
-
-
49 641
pensions
-
-
-
36 221
surtax
-
-
-
-
total
-
-
-
113 080
Employee
40 710
-
184 803
-
surtax
-
-
-
-
social contributions
1 161
-
5 265
-
income
2 403
-
43 146
-
pensions
4 603
-
14 525
-
total
8 167
-
62 936
-
Employer
40 710
-
184 803
-
other
1 404
-
7 923
-
unemployment
1 648
-
7 484
-
health
2 850
-
19 081
-
pensions
6 688
-
24 152
-
social contributions
123
-
554
-
total
12 713
-
59 194
-
Corporate
190 577
244 000
-
-
surtax
-
-
-
-
income
53 362
68 320
-
-
total
53 362
68 320
-
-
Dividends
137 216
175 680
-
-
social contributions
23 601
30 217
-
-
surtax
-
-
-
-
withholding
17 563
22 488
-
-
total
41 164
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 406
121 025
122 130
113 080
After tax
128 594
122 975
121 870
130 920
Living cost
32 544
32 544
32 544
32 544
Free-cash
96 050
90 431
89 326
98 376

Estimated living cost  is ₽32544 per week

₽20520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2646
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92551
₽93656
₽101601
₽98940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
7 563
social contributions
-
-
-
6 951
health
-
-
-
12 704
income
-
-
-
49 641
pensions
-
-
-
36 221
surtax
-
-
-
-
total
-
-
-
113 080
Employee
36 339
-
184 803
-
surtax
-
-
-
-
social contributions
1 036
-
5 265
-
income
1 874
-
43 146
-
pensions
4 110
-
14 525
-
total
7 020
-
62 936
-
Employer
36 339
-
184 803
-
other
1 255
-
7 923
-
unemployment
1 471
-
7 484
-
health
2 543
-
19 081
-
pensions
5 971
-
24 152
-
social contributions
108
-
554
-
total
11 348
-
59 194
-
Corporate
196 312
244 000
-
-
surtax
-
-
-
-
income
54 968
68 320
-
-
total
54 968
68 320
-
-
Dividends
141 344
175 680
-
-
social contributions
24 313
30 217
-
-
surtax
-
-
-
-
withholding
18 092
22 488
-
-
total
42 405
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 741
121 025
122 130
113 080
After tax
128 259
122 975
121 870
130 920
Living cost
29 319
29 319
29 319
29 319
Free-cash
98 940
93 656
92 551
101 601

Estimated living cost  is ₽29319 per week

₽17004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽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 Marseille model

Close
Vilnius , Lithuania
₽129249
₽128694
₽136527
₽129186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
33 672
health
-
-
-
17 031
income
-
-
-
36 600
total
-
-
-
87 303
Employee
32 251
-
244 000
-
social contributions
4 451
-
33 672
-
income
5 379
-
43 878
-
health
2 251
-
17 031
-
total
12 081
-
94 581
-
Employer
32 251
-
244 000
-
total
-
-
-
-
Corporate
211 749
244 000
-
-
income

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

10 587
12 200
-
-
total
10 587
12 200
-
-
Dividends
201 162
231 800
-
-
social contributions
27 760
31 988
-
-
withholding
30 174
34 769
-
-
health
14 042
16 179
-
-
total
71 976
82 936
-
-
Income
244 000
244 000
244 000
244 000
Total tax
94 644
95 136
94 581
87 303
After tax
149 356
148 864
149 419
156 697
Living cost
20 170
20 170
20 170
20 170
Free-cash
129 186
128 694
129 249
136 527

Estimated living cost  is ₽20170 per week

₽13498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽464
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽29688
₽100758
₽90993
₽99288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
8 500
income
-
-
-
83 434
chamber of commerce
-
-
-
977
pensions
-
-
-
20 558
surtax
-
-
-
188
unemployment
-
-
-
5 834
total
-
-
-
119 491
Employee
47 536
37 906
204 980
-
income
5 412
2 796
71 308
-
other
475
379
1 112
-
pensions
4 868
3 881
11 379
-
health
1 839
1 468
4 300
-
unemployment
1 426
1 137
3 334
-
total
14 020
9 661
91 433
-
Employer
47 536
37 906
204 980
-
other
2 258
1 800
8 939
-
unemployment
1 426
1 137
3 334
-
health
1 796
1 433
4 200
-
surtax
188
188
188
-
accident
617
493
1 444
-
pensions
5 966
4 758
13 946
-
payroll
1 426
1 137
6 150
-
chamber of commerce
190
152
820
-
total
13 867
11 098
39 021
-
Corporate
182 597
194 996
201 370
-
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.

45 648
48 750
50 342
-
total
45 648
48 750
50 342
-
Dividends
136 949
146 246
-
-
withholding
37 661
40 217
-
-
total
37 661
40 217
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 196
109 726
180 796
119 491
After tax
132 804
134 274
63 204
124 509
Living cost
33 516
33 516
33 516
33 516
Free-cash
99 288
100 758
29 688
90 993

Estimated living cost  is ₽33516 per week

₽22354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2859
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.
₽7753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽46956
₽97541
₽71596
₽87355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
23 715
communal

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

-
-
-
13 217
national
-
-
-
100 790
total
-
-
-
137 722
Employee

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

68 040
-
188 987
-
national
20 918
-
72 791
-
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.

5 103
-
14 173
-
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.

3 197
-
8 883
-
communal

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

3 549
-
9 857
-
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.

592
-
1 644
-
total
33 359
-
107 348
-
Employer

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

68 040
-
188 987
-
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.

993
-
2 760
-
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.

4 184
-
11 623
-
surtax
7 715
-
21 430
-
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.

884
-
2 457
-
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.

6 029
-
16 744
-
total
19 805
-
55 014
-
Corporate
156 155
244 000
-
-
surtax
625
1 090
-
-
income
31 231
54 515
-
-
total
31 856
55 605
-
-
Dividends
124 299
188 395
-
-
withholding

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

36 943
56 172
-
-
total
36 943
56 172
-
-
Income
244 000
244 000
244 000
244 000
Total tax
121 963
111 777
162 362
137 722
After tax
122 037
132 223
81 638
106 278
Living cost
34 682
34 682
34 682
34 682
Free-cash
87 355
97 541
46 956
71 596

Estimated living cost  is ₽34682 per week

₽22340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽97734
₽127367
₽101724
₽120852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
81 475
pensions
-
-
-
24 950
unemployment
-
-
-
617
total
-
-
-
107 924
Employee
47 348
-
215 893
-
income
9 990
-
78 209
-
other
47
-
88
-
pensions
2 226
-
4 144
-
unemployment
735
-
1 366
-
total
12 998
-
83 807
-
Employer
47 348
-
215 893
-
other
377
-
706
-
unemployment
2 605
-
4 848
-
accident
937
-
1 746
-
pensions
11 173
-
20 807
-
total
15 092
-
28 107
-
Corporate
181 560
244 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

27 233
36 600
-
-
total
27 233
36 600
-
-
Dividends
154 327
207 400
-
-
withholding
33 473
45 681
-
-
total
33 473
45 681
-
-
Income
244 000
244 000
244 000
244 000
Total tax
88 796
82 281
111 914
107 924
After tax
155 204
161 719
132 086
136 076
Living cost
34 352
34 352
34 352
34 352
Free-cash
120 852
127 367
97 734
101 724

Estimated living cost  is ₽34352 per week

₽25296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70005
₽83858
₽62709
₽70772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
15 818
accident
-
-
-
1 899
income
-
-
-
50 316
pensions
-
-
-
33 746
communal
-
-
-
15 421
surtax
-
-
-
12 399
total
-
-
-
129 599
Employee
72 033
-
217 953
-
surtax
4 415
-
13 358
-
income
6 958
-
55 762
-
pensions
5 762
-
17 437
-
health
3 206
-
9 699
-
total
20 341
-
96 256
-
Employer
72 033
-
217 953
-
health
2 197
-
6 648
-
accident
648
-
1 962
-
pensions
5 762
-
17 437
-
total
8 607
-
26 047
-
Corporate
163 360
244 000
-
-
surtax
1 715
2 561
-
-
income
24 504
36 600
-
-
communal
11 027
16 469
-
-
total
37 246
55 630
-
-
Dividends
126 114
188 370
-
-
income
36 425
24 565
-
-
withholding
18 917
28 255
-
-
total
55 342
52 820
-
-
Income
244 000
244 000
244 000
244 000
Total tax
121 536
108 450
122 303
129 599
After tax
122 464
135 550
121 697
114 401
Living cost
51 692
51 692
51 692
51 692
Free-cash
70 772
83 858
70 005
62 709

Estimated living cost  is ₽51692 per week

₽38777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87274
₽132113
₽93088
₽129085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
-
health
-
-
-
9 013
income
-
-
-
80 864
pensions
-
-
-
25 390
surtax
-
-
-
14 063
unemployment
-
-
-
217
total
-
-
-
129 547
Employee
32 033
-
217 278
-
surtax
114
-
12 924
-
income
5 370
-
75 174
-
other
-
-
-
-
pensions
2 137
-
8 468
-
health
818
-
3 236
-
unemployment
2 229
-
8 836
-
total
10 668
-
108 638
-
Employer
32 033
-
217 278
-
other
-
-
-
-
unemployment
1 016
-
4 024
-
health
1 457
-
5 776
-
pensions
4 271
-
16 923
-
total
6 744
-
26 723
-
Corporate
205 223
244 000
-
-
income
53 358
63 439
-
-
total
53 358
63 439
-
-
Dividends
151 865
180 561
-
-
withholding
22 780
27 083
-
-
total
22 780
27 083
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 550
90 522
135 361
129 547
After tax
150 450
153 478
108 639
114 453
Living cost
21 365
21 365
21 365
21 365
Free-cash
129 085
132 113
87 274
93 088

Estimated living cost  is ₽21365 per week

₽12899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1857
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.
₽6114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85070
₽102629
₽93094
₽100517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
47 607
national
-
-
-
72 120
regional
-
-
-
3 986
municipal
-
-
-
1 570
total
-
-
-
125 283
Employee
52 764
-
244 000
-
social contributions
17 793
-
62 414
-
municipal
280
-
1 453
-
national
8 359
-
65 753
-
regional
710
-
3 687
-
total
27 142
-
133 307
-
Employer
52 764
-
244 000
-
total
-
-
-
-
Corporate
191 236
244 000
-
-
nationa
45 896
58 560
-
-
municipal
9 504
12 126
-
-
total
55 400
70 686
-
-
Dividends
135 836
173 313
-
-
withholding
35 318
45 062
-
-
total
35 318
45 062
-
-
Income
244 000
244 000
244 000
244 000
Total tax
117 860
115 748
133 307
125 283
After tax
126 140
128 252
110 693
118 717
Living cost
25 623
25 623
25 623
25 623
Free-cash
100 517
102 629
85 070
93 094

Estimated living cost  is ₽25623 per week

₽15935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106642
₽139200
₽117667
₽128928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
33 624
health
-
-
-
32 940
income
-
-
-
26 615
solidarity contribution
-
-
-
4 360
total
-
-
-
97 539
Employee
42 345
-
197 442
-
social contributions
2 752
-
7 485
-
solidarity contribution
-
-
3 371
-
income
5 081
-
24 495
-
health
5 717
-
26 655
-
total
13 550
-
62 006
-
Employer
42 345
-
197 442
-
health
3 811
-
17 770
-
social contributions
10 586
-
28 788
-
total
14 397
-
46 558
-
Corporate
187 258
244 000
-
-
income
35 579
46 360
-
-
total
35 579
46 360
-
-
Dividends
151 679
197 640
-
-
withholding
22 752
29 646
-
-
total
22 752
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 278
76 006
108 564
97 539
After tax
157 722
167 994
135 436
146 461
Living cost
28 794
28 794
28 794
28 794
Free-cash
128 928
139 200
106 642
117 667

Estimated living cost  is ₽28794 per week

₽21413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽32903
₽104029
₽94350
₽103560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
8 500
income
-
-
-
83 434
chamber of commerce
-
-
-
977
pensions
-
-
-
20 558
surtax
-
-
-
-
unemployment
-
-
-
5 834
total
-
-
-
119 303
Employee
41 579
37 906
205 153
-
income
3 704
2 796
71 394
-
other
415
379
1 112
-
pensions
4 258
3 881
11 379
-
health
1 608
1 468
4 300
-
unemployment
1 247
1 137
3 334
-
total
11 232
9 661
91 519
-
Employer
41 579
37 906
205 153
-
other
1 975
1 800
8 944
-
unemployment
1 247
1 137
3 334
-
health
1 572
1 433
4 200
-
surtax
-
-
-
-
accident
540
493
1 444
-
pensions
5 218
4 758
13 946
-
payroll
1 247
1 137
6 155
-
chamber of commerce
166
152
821
-
total
11 965
10 910
38 844
-
Corporate
190 455
195 184
201 545
-
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.

47 614
48 796
50 387
-
total
47 614
48 796
50 387
-
Dividends
142 841
146 387
-
-
withholding
39 282
40 257
-
-
total
39 282
40 257
-
-
Income
244 000
244 000
244 000
244 000
Total tax
110 093
109 624
180 750
119 303
After tax
133 907
134 376
63 250
124 697
Living cost
30 347
30 347
30 347
30 347
Free-cash
103 560
104 029
32 903
94 350

Estimated living cost  is ₽30347 per week

₽18204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽542
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽182833
₽219433
₽229193
₽217114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
244 000
microenterprise

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

-
-
-
2 440
total
-
-
-
2 440
Employee
15 459
-
244 000
-
income
3 092
-
48 800
-
total
3 092
-
48 800
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

228 541
244 000
-
-
total
-
-
-
-
Dividends
228 541
244 000
-
-
withholding
11 427
12 200
-
-
total
11 427
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
14 519
12 200
48 800
2 440
After tax
229 481
231 800
195 200
241 560
Living cost
12 367
12 367
12 367
12 367
Free-cash
217 114
219 433
182 833
229 193

Estimated living cost  is ₽12367 per week

₽8369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽415
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79303
₽142481
₽84601
₽134525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health
-
-
-
24 009
income
-
-
-
64 951
pensions
-
-
-
44 560
unemployment
-
-
-
366
total
-
-
-
133 886
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.

42 062
-
211 128
-
income
7 254
-
59 653
-
pensions
6 520
-
32 724
-
health
2 717
-
13 639
-
unemployment
60
-
296
-
total
16 551
-
106 312
-
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.

42 062
-
211 128
-
unemployment
25
-
126
-
health
2 801
-
14 062
-
pensions
3 722
-
18 684
-
total
6 548
-
32 872
-
Corporate
195 389
244 000
-
-
income
37 123
46 360
-
-
total
37 123
46 360
-
-
Dividends
158 266
197 640
-
-
withholding
23 740
29 646
-
-
total
23 740
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
83 962
76 006
139 184
133 886
After tax
160 038
167 994
104 816
110 114
Living cost
25 513
25 513
25 513
25 513
Free-cash
134 525
142 481
79 303
84 601

Estimated living cost  is ₽25513 per week

₽17509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽495
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽187772
₽105360
₽125534
₽57858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
27 816
income
-
-
-
47 560
total
-
-
-
75 376
Employee
61 785
-
-
-
social contributions
5 066
-
722
-
income
13 629
-
-
-
total
18 695
-
722
-
Employer
61 785
-
-
-
social contributions
87 117
-
12 416
-
total
87 117
-
12 416
-
Corporate
95 097
244 000
-
-
income
20 921
53 680
-
-
total
20 921
53 680
-
-
Dividends
74 176
190 320
-
-
income
16 319
41 870
-
-
total
16 319
41 870
-
-
Income
244 000
244 000
244 000
244 000
Total tax
143 052
95 550
13 138
75 376
After tax
100 948
148 450
230 862
168 624
Living cost
43 090
43 090
43 090
43 090
Free-cash
57 858
105 360
187 772
125 534

Estimated living cost  is ₽43090 per week

₽27959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75758
₽108950
₽95932
₽107993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
social contributions

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

-
-
-
84 790
income
-
-
-
33 442
surtax
-
-
-
-
total
-
-
-
118 232
Employee
43 748
-
197 171
-
surtax
-
-
776
-
social contributions
4 812
-
21 688
-
income
9 100
-
69 113
-
total
13 912
-
91 577
-
Employer
43 748
-
197 171
-
social contributions
10 390
-
46 829
-
total
10 390
-
46 829
-
Corporate
189 862
244 000
-
-
surtax
-
-
-
-
income
39 870
51 241
-
-
total
39 870
51 241
-
-
Dividends
149 992
192 759
-
-
withholding
41 999
53 973
-
-
total
41 999
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 171
105 214
138 406
118 232
After tax
137 829
138 786
105 594
125 768
Living cost
29 836
29 836
29 836
29 836
Free-cash
107 993
108 950
75 758
95 932

Estimated living cost  is ₽29836 per week

₽22323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5255
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽75929
₽77034
₽84979
₽83573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
7 563
social contributions
-
-
-
6 951
health
-
-
-
12 704
income
-
-
-
49 641
pensions
-
-
-
36 221
surtax
-
-
-
-
total
-
-
-
113 080
Employee
59 575
-
184 803
-
surtax
-
-
-
-
social contributions
1 697
-
5 265
-
income
5 198
-
43 146
-
pensions
6 738
-
14 525
-
total
13 633
-
62 936
-
Employer
59 575
-
184 803
-
other
2 056
-
7 923
-
unemployment
2 413
-
7 484
-
health
4 170
-
19 081
-
pensions
9 789
-
24 152
-
social contributions
179
-
554
-
total
18 607
-
59 194
-
Corporate
165 818
244 000
-
-
surtax
-
-
-
-
income
46 428
68 320
-
-
total
46 428
68 320
-
-
Dividends
119 390
175 680
-
-
social contributions
20 536
30 217
-
-
surtax
-
-
-
-
withholding
15 282
22 488
-
-
total
35 818
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
114 486
121 025
122 130
113 080
After tax
129 514
122 975
121 870
130 920
Living cost
45 941
45 941
45 941
45 941
Free-cash
83 573
77 034
75 929
84 979

Estimated living cost  is ₽45941 per week

₽31092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽630
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽154955
₽191008
₽148472
₽187812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
13 256
social contributions
-
-
-
53 679
total
-
-
-
66 935
Employee
30 580
-
211 256
-
income
-
-
13 977
-
social contributions
1 987
-
13 731
-
total
1 987
-
27 708
-
Employer
30 580
-
211 256
-
social contributions
4 740
-
32 744
-
total
4 740
-
32 744
-
Corporate
208 680
244 000
-
-
income
20 868
24 399
-
-
total
20 868
24 399
-
-
Dividends
187 812
219 601
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
27 595
24 399
60 452
66 935
After tax
216 405
219 601
183 548
177 065
Living cost
28 593
28 593
28 593
28 593
Free-cash
187 812
191 008
154 955
148 472

Estimated living cost  is ₽28593 per week

₽18488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽538
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽37733
₽37733
₽93849
₽19021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
labour market
-
-
-
19 454
pensions
-
-
-
821
national
-
-
-
31 162
municipal
-
-
-
53 120
total
-
-
-
104 557
Employee
192 440
192 440
192 440
-
labour market
15 373
15 373
15 373
-
municipal
40 979
40 979
40 979
-
national
23 510
23 510
23 510
-
pensions
274
274
274
-
total
80 136
80 136
80 136
-
Employer
192 440
192 440
192 440
-
national
23 551
23 551
23 551
-
labour market
15 395
15 395
15 395
-
pensions
547
547
547
-
municipal
41 044
41 044
41 044
-
total
80 537
80 537
80 537
-
Corporate
37 733
-
-
-
income
8 301
-
-
-
total
8 301
-
-
-
Dividends
29 432
-
-
-
withholding
10 411
-
-
-
total
10 411
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
179 385
160 673
160 673
104 557
After tax
64 615
83 327
83 327
139 443
Living cost
45 594
45 594
45 594
45 594
Free-cash
19 021
37 733
37 733
93 849

Estimated living cost  is ₽45594 per week

₽31205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽701
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽114555
-₽892
₽145869
₽16596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
353
health
-
-
-
2 078
accident
-
-
-
241
income
-
-
-
70 838
pensions
-
-
-
3 965
total
-
-
-
77 475
Employee
32 494
-
224 261
-
income
4 458
-
56 102
-
pensions
3 659
-
7 271
-
health
3 721
-
25 678
-
total
11 838
-
89 051
-
Employer
32 494
-
224 261
-
unemployment
796
-
5 494
-
accident
543
-
3 745
-
pensions
5 283
-
10 499
-
total
6 622
-
19 738
-
Corporate
204 884
244 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

184 395
219 600
-
-
total
184 395
219 600
-
-
Dividends
20 488
24 400
-
-
withholding
3 893
4 636
-
-
total
3 893
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
206 748
224 236
108 789
77 475
After tax
37 252
19 764
135 211
166 525
Living cost
20 656
20 656
20 656
20 656
Free-cash
16 596
-892
114 555
145 869

Estimated living cost  is ₽20656 per week

₽15036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1178
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.
₽4055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81800
₽110724
₽109751
₽114565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
244 000
health
-
-
-
3 361
national
-
-
-
51 055
municipal
-
-
-
43 314
total
-
-
-
97 730
Employee
50 044
-
205 265
-
municipal
8 197
-
33 401
-
national
827
-
33 846
-
pensions
3 377
-
13 856
-
health
374
-
2 764
-
unemployment
751
-
3 079
-
total
13 526
-
86 946
-
Employer
50 044
-
205 265
-
unemployment
325
-
1 334
-
health
384
-
1 581
-
accident
51
-
206
-
pensions
8 682
-
35 614
-
total
9 442
-
38 735
-
Corporate
184 513
244 000
-
-
income
36 903
48 800
-
-
total
36 903
48 800
-
-
Dividends

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

110 708
146 400
-
-
national
13 117
21 605
-
-
municipal
19 928
26 352
-
-
total
33 045
47 957
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 916
96 757
125 681
97 730
After tax
151 084
147 243
118 319
146 270
Living cost
36 519
36 519
36 519
36 519
Free-cash
114 565
110 724
81 800
109 751

Estimated living cost  is ₽36519 per week

₽23854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽581
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138983
₽155727
₽140922
₽150552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
15 390
health
-
-
-
6 222
income
-
-
-
59 443
total
-
-
-
81 055
Employee
73 142
73 142
231 529
-
social contributions
2 765
6 070
8 188
-
income
7 964
6 771
58 398
-
health
567
1 244
3 937
-
total
11 296
14 085
70 523
-
Employer
73 142
73 142
231 529
-
health
616
1 354
4 283
-
social contributions
2 765
6 070
8 188
-
total
3 381
7 424
12 471
-
Corporate
207 300
163 433
-
-
income
25 912
20 430
-
-
total
25 912
20 430
-
-
Dividends
181 388
143 004
-
-
withholding
30 836
24 311
-
-
total
30 836
24 311
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 425
66 250
82 994
81 055
After tax
172 575
177 750
161 006
162 945
Living cost
22 023
22 023
22 023
22 023
Free-cash
150 552
155 727
138 983
140 922

Estimated living cost  is ₽22023 per week

₽13199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽174843
₽186954
₽193921
₽182116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
244 000
health
-
-
-
3 442
income
-
-
-
25 457
pensions
-
-
-
6 051
unemployment
-
-
-
27
total
-
-
-
34 977
Employee

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

21 833
-
234 704
-
income
1 493
-
23 098
-
pensions
3 274
-
13 538
-
health
1 856
-
7 672
-
unemployment
108
-
451
-
total
6 731
-
44 759
-
Employer

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

21 833
-
234 704
-
unemployment
108
-
451
-
health
939
-
3 881
-
pensions
1 200
-
4 964
-
total
2 247
-
9 296
-
Corporate
219 919
244 000
-
-
income
19 793
21 960
-
-
total
19 793
21 960
-
-
Dividends
200 127
222 040
-
-
withholding
18 011
19 984
-
-
total
18 011
19 984
-
-
Income
244 000
244 000
244 000
244 000
Total tax
46 782
41 944
54 055
34 977
After tax
197 218
202 056
189 945
209 023
Living cost
15 102
15 102
15 102
15 102
Free-cash
182 116
186 954
174 843
193 921

Estimated living cost  is ₽15102 per week

₽9635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽105929
₽135562
₽109919
₽131361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
81 475
pensions
-
-
-
24 950
unemployment
-
-
-
617
total
-
-
-
107 924
Employee
35 171
-
215 893
-
income
6 781
-
78 209
-
other
34
-
88
-
pensions
1 653
-
4 144
-
unemployment
545
-
1 366
-
total
9 013
-
83 807
-
Employer
35 171
-
215 893
-
other
282
-
706
-
unemployment
1 935
-
4 848
-
accident
697
-
1 746
-
pensions
8 300
-
20 807
-
total
11 214
-
28 107
-
Corporate
197 616
244 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

29 643
36 600
-
-
total
29 643
36 600
-
-
Dividends
167 973
207 400
-
-
withholding
36 612
45 681
-
-
total
36 612
45 681
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 482
82 281
111 914
107 924
After tax
157 518
161 719
132 086
136 076
Living cost
26 157
26 157
26 157
26 157
Free-cash
131 361
135 562
105 929
109 919

Estimated living cost  is ₽26157 per week

₽17655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2514
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.
₽5529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽155679
₽150494
₽155803
₽150204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
932
income
-
-
-
84 218
pensions
-
-
-
1 285
total
-
-
-
86 435
Employee
2 683
-
242 554
-
income
519
-
84 150
-
pensions
242
-
578
-
health
134
-
321
-
unemployment
27
-
64
-
total
922
-
85 113
-
Employer
2 683
-
242 554
-
unemployment
54
-
129
-
health
255
-
610
-
pensions
295
-
707
-
total
604
-
1 446
-
Corporate
240 713
244 000
-
-
income
52 957
53 680
-
-
total
52 957
53 680
-
-
Dividends
187 756
190 320
-
-
withholding
37 551
38 064
-
-
total
37 551
38 064
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 034
91 744
86 559
86 435
After tax
151 966
152 256
157 441
157 565
Living cost
1 762
1 762
1 762
1 762
Free-cash
150 204
150 494
155 679
155 803

Estimated living cost  is ₽1762 per week

₽1047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽143
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.
₽532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽144029
₽159872
₽144027
₽155200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health
-
-
-
7 227
income
-
-
-
57 034
pensions
-
-
-
18 242
unemployment
-
-
-
1 052
total
-
-
-
83 555
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.

24 757
-
231 441
-
income
3 413
-
57 034
-
pensions
3 466
-
9 822
-
health
1 275
-
3 613
-
unemployment
186
-
526
-
total
8 340
-
70 995
-
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.

24 757
-
231 441
-
unemployment
186
-
526
-
health
1 275
-
3 613
-
pensions
2 971
-
8 419
-
total
4 432
-
12 558
-
Corporate
214 811
244 000
-
-
income
32 222
36 600
-
-
total
32 222
36 600
-
-
Dividends
182 589
207 400
-
-
withholding
27 388
31 110
-
-
total
27 388
31 110
-
-
Income
244 000
244 000
244 000
244 000
Total tax
72 382
67 710
83 553
83 555
After tax
171 618
176 290
160 447
160 445
Living cost
16 418
16 418
16 418
16 418
Free-cash
155 200
159 872
144 029
144 027

Estimated living cost  is ₽16418 per week

₽11054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1270
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79950
₽113142
₽100124
₽112800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
social contributions

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

-
-
-
84 790
income
-
-
-
33 442
surtax
-
-
-
-
total
-
-
-
118 232
Employee
36 918
-
197 171
-
surtax
-
-
776
-
social contributions
4 061
-
21 688
-
income
7 214
-
69 113
-
total
11 275
-
91 577
-
Employer
36 918
-
197 171
-
social contributions
8 767
-
46 829
-
total
8 767
-
46 829
-
Corporate
198 315
244 000
-
-
surtax
-
-
-
-
income
41 647
51 241
-
-
total
41 647
51 241
-
-
Dividends
156 668
192 759
-
-
withholding
43 867
53 973
-
-
total
43 867
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
105 556
105 214
138 406
118 232
After tax
138 444
138 786
105 594
125 768
Living cost
25 644
25 644
25 644
25 644
Free-cash
112 800
113 142
79 950
100 124

Estimated living cost  is ₽25644 per week

₽18163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽455
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98657
₽128290
₽102647
₽122066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
88
accident
-
-
-
794
income
-
-
-
81 475
pensions
-
-
-
24 950
unemployment
-
-
-
617
total
-
-
-
107 924
Employee
45 938
-
215 893
-
income
9 595
-
78 209
-
other
45
-
88
-
pensions
2 159
-
4 144
-
unemployment
711
-
1 366
-
total
12 510
-
83 807
-
Employer
45 938
-
215 893
-
other
368
-
706
-
unemployment
2 527
-
4 848
-
accident
910
-
1 746
-
pensions
10 841
-
20 807
-
total
14 646
-
28 107
-
Corporate
183 415
244 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

27 513
36 600
-
-
total
27 513
36 600
-
-
Dividends
155 902
207 400
-
-
withholding
33 836
45 681
-
-
total
33 836
45 681
-
-
Income
244 000
244 000
244 000
244 000
Total tax
88 505
82 281
111 914
107 924
After tax
155 495
161 719
132 086
136 076
Living cost
33 429
33 429
33 429
33 429
Free-cash
122 066
128 290
98 657
102 647

Estimated living cost  is ₽33429 per week

₽24007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽192802
₽192404
₽182392
₽186659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
health
-
-
-
3 787
income
-
-
-
36 600
pensions

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

-
-
-
4 873
unemployment
-
-
-
132
total
-
-
-
45 392
Employee
21 472
-
237 540
-
income
2 148
-
23 754
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

1 885
-
2 891
-
health
988
-
1 515
-
total
5 257
-
28 522
-
Employer
21 472
-
237 540
-
unemployment
129
-
198
-
health
1 482
-
2 272
-
accident

We are using the highest rate at 1.1%.

236
-
362
-
pensions

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

2 366
-
3 628
-
total
4 213
-
6 460
-
Corporate
218 315
244 000
-
-
income
21 831
24 400
-
-
total
21 831
24 400
-
-
Dividends
196 484
219 600
-
-
withholding
9 824
10 980
-
-
total
9 824
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
41 125
35 380
34 982
45 392
After tax
202 875
208 620
209 018
198 608
Living cost
16 216
16 216
16 216
16 216
Free-cash
186 659
192 404
192 802
182 392

Estimated living cost  is ₽16216 per week

₽10725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽112265
₽88724
₽83597
₽101170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 498
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.

-
-
-
83 900
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.

-
-
-
4 614
trade
-
-
-
28 668
total
-
-
-
123 680
Employee

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

47 328
-
244 000
-
surtax

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

215
-
4 614
-
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.

3 892
-
83 900
-
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.

6 498
-
6 498
-
total
10 605
-
95 012
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
196 672
244 000
-
-
chamber of commerce
433
502
-
-
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.

1 623
2 013
-
-
trade
28 222
35 015
-
-
income
29 500
36 600
-
-
total
59 778
74 130
-
-
Dividends
136 894
169 871
-
-
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.

1 863
2 316
-
-
withholding
33 861
42 107
-
-
total
35 724
44 423
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 107
118 553
95 012
123 680
After tax
137 893
125 447
148 988
120 320
Living cost
36 723
36 723
36 723
36 723
Free-cash
101 170
88 724
112 265
83 597

Estimated living cost  is ₽36723 per week

₽25332
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65459
₽116615
₽65459
₽118717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
81 878
social contributions
-
-
-
42 479
total
-
-
-
124 357
Employee
74 405
-
244 000
-
income
14 040
-
81 878
-
social contributions
6 181
-
42 479
-
total
20 221
-
124 357
-
Employer
74 405
-
244 000
-
total
-
-
-
-
Corporate
169 595
244 000
-
-
income
21 199
30 500
-
-
total
21 199
30 500
-
-
Dividends
148 397
213 500
-
-
withholding
29 679
42 701
-
-
total
29 679
42 701
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 099
73 201
124 357
124 357
After tax
172 901
170 799
119 643
119 643
Living cost
54 184
54 184
54 184
54 184
Free-cash
118 717
116 615
65 459
65 459

Estimated living cost  is ₽54184 per week

₽41222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽518
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134296
₽119046
₽166990
₽122369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
income
-
-
-
36 600
health

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

-
-
-
5 881
total
-
-
-
42 481
Employee
43 635
-
239 625
-
income
4 735
-
66 425
-
social contributions
4 372
-
4 375
-
total
9 107
-
70 800
-
Employer
43 635
-
239 625
-
social contributions
4 372
-
4 375
-
total
4 372
-
4 375
-
Corporate
195 993
244 000
-
-
income
68 598
85 400
-
-
total
68 598
85 400
-
-
Dividends
127 395
158 600
-
-
social contributions
5 025
5 025
-
-
total
5 025
5 025
-
-
Income
244 000
244 000
244 000
244 000
Total tax
87 102
90 425
75 175
42 481
After tax
156 898
153 575
168 825
201 519
Living cost
34 529
34 529
34 529
34 529
Free-cash
122 369
119 046
134 296
166 990

Estimated living cost  is ₽34529 per week

₽22744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽99197
₽116240
₽120852
₽121839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
77 952
pensions
-
-
-
10 059
total
-
-
-
88 011
Employee
48 230
-
212 432
-
income
8 783
-
63 513
-
health
629
-
2 779
-
pensions
3 681
-
11 806
-
total
13 093
-
78 098
-
Employer
48 230
-
212 432
-
health
917
-
4 035
-
pensions
4 873
-
27 533
-
total
5 790
-
31 568
-
Corporate
189 980
244 000
-
-
income

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

36 097
46 359
-
-
total
36 097
46 359
-
-
Dividends
153 883
197 641
-
-
withholding
32 044
46 264
-
-
total
32 044
46 264
-
-
Income
244 000
244 000
244 000
244 000
Total tax
87 024
92 623
109 666
88 011
After tax
156 976
151 377
134 334
155 989
Living cost
35 137
35 137
35 137
35 137
Free-cash
121 839
116 240
99 197
120 852

Estimated living cost  is ₽35137 per week

₽24104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3231
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽440
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽112509
-₽2938
₽143823
₽16282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
other
-
-
-
353
health
-
-
-
2 078
accident
-
-
-
241
income
-
-
-
70 838
pensions
-
-
-
3 965
total
-
-
-
77 475
Employee
35 710
-
224 261
-
income
4 899
-
56 102
-
pensions
4 021
-
7 271
-
health
4 089
-
25 678
-
total
13 009
-
89 051
-
Employer
35 710
-
224 261
-
unemployment
875
-
5 494
-
accident
596
-
3 745
-
pensions
5 806
-
10 499
-
total
7 277
-
19 738
-
Corporate
201 012
244 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

180 911
219 600
-
-
total
180 911
219 600
-
-
Dividends
20 101
24 400
-
-
withholding
3 819
4 636
-
-
total
3 819
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
205 016
224 236
108 789
77 475
After tax
38 984
19 764
135 211
166 525
Living cost
22 702
22 702
22 702
22 702
Free-cash
16 282
-2 938
112 509
143 823

Estimated living cost  is ₽22702 per week

₽16660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽168900
₽173832
₽148017
₽170959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
244 000
income
-
-
-
41 390
health insurance
-
-
-
11 239
work injury
-
-
-
759
pensions
-
-
-
27 945
unemployment
-
-
-
1 822
total
-
-
-
83 155
Employee

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

20 524
-
244 000
-
income
2 052
-
41 390
-
work injury
103
-
380
-
health insurance
1 519
-
5 619
-
pensions
3 776
-
13 972
-
unemployment
246
-
911
-
total
7 696
-
62 272
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
223 476
244 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

22 348
24 400
-
-
total
22 348
24 400
-
-
Dividends
201 128
219 600
-
-
withholding
30 169
32 940
-
-
total
30 169
32 940
-
-
Income
244 000
244 000
244 000
244 000
Total tax
60 213
57 340
62 272
83 155
After tax
183 787
186 660
181 728
160 845
Living cost
12 828
12 828
12 828
12 828
Free-cash
170 959
173 832
168 900
148 017

Estimated living cost  is ₽12828 per week

₽7947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽70578
₽90630
₽78390
₽86304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
social contributions
-
-
-
47 607
national
-
-
-
72 120
regional
-
-
-
6 223
municipal
-
-
-
1 767
total
-
-
-
127 717
Employee
80 154
-
244 000
-
social contributions
27 027
-
62 414
-
municipal
478
-
1 634
-
national
13 545
-
65 753
-
regional
1 210
-
5 728
-
total
42 260
-
135 529
-
Employer
80 154
-
244 000
-
total
-
-
-
-
Corporate
163 846
244 000
-
-
nationa
39 323
58 560
-
-
municipal
7 897
11 760
-
-
total
47 220
70 320
-
-
Dividends
116 626
173 680
-
-
withholding
30 323
45 157
-
-
total
30 323
45 157
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 803
115 477
135 529
127 717
After tax
124 197
128 523
108 471
116 283
Living cost
37 893
37 893
37 893
37 893
Free-cash
86 304
90 630
70 578
78 390

Estimated living cost  is ₽37893 per week

₽26618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽572
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8096
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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