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
₽92492
₽119275
₽88211
₽103615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
82 835
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.

-
-
-
4 556
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.

-
-
-
6 871
trade
-
-
-
31 064
total
-
-
-
125 326
Employee

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

38 468
-
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.

59
-
4 556
-
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.

1 075
-
82 835
-
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.

6 871
-
6 871
-
total
8 005
-
94 262
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
205 532
244 000
-
-
income
30 830
36 599
-
-
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.

1 695
2 014
-
-
chamber of commerce
449
504
-
-
trade
32 372
38 430
-
-
total
65 346
77 547
-
-
Dividends
140 188
166 454
-
-
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.

1 907
2 267
-
-
withholding
34 664
41 231
-
-
total
36 571
43 498
-
-
Income
244 000
244 000
244 000
244 000
Total tax
109 922
121 045
94 262
125 326
After tax
134 078
122 955
149 738
118 674
Living cost
30 463
30 463
30 463
30 463
Free-cash
103 615
92 492
119 275
88 211

Estimated living cost  is ₽30463 per week

₽19162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3552
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98845
₽86391
₽85080
₽97956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
27 144
national
-
-
-
46 462
pensions
-
-
-
29 280
total
-
-
-
105 509
Employee
82 797
-
210 936
-
municipal
10 227
-
28 088
-
pensions
3 312
-
8 437
-
national
15 847
-
48 530
-
total
29 386
-
85 055
-
Employer
82 797
-
210 936
-
pensions
6 624
-
16 875
-
social contributions
890
-
2 268
-
total
7 514
-
19 143
-
Corporate
148 225
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%.

29 645
48 800
-
-
total
29 645
48 800
-
-
Dividends
118 580
195 200
-
-
withholding
26 088
42 944
-
-
total
26 088
42 944
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 633
91 744
104 198
105 509
After tax
151 367
152 256
139 802
138 491
Living cost
53 411
53 411
53 411
53 411
Free-cash
97 956
98 845
86 391
85 080

Estimated living cost  is ₽53411 per week

₽36303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽799
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽174275
₽86094
₽69018
₽166027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
53 303
surtax
-
-
-
62 220
social contributions

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

-
-
-
38 535
microenterprise
-
-
-
-
total
-
-
-
154 058
Employee
29 388
-
193 806
-
surtax
-
-
28 102
-
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.

3 233
-
13 185
-
income
5 231
-
45 501
-
total
8 464
-
86 788
-
Employer
29 388
-
193 806
-
social contributions

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

7 079
-
28 875
-
surtax
-
-
21 319
-
total
7 079
-
50 194
-
Corporate
207 533
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%.

41 506
48 801
-
-
total
41 506
48 801
-
-
Dividends

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

166 026
195 199
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
57 049
48 801
136 982
154 058
After tax
186 951
195 199
107 018
89 942
Living cost
20 924
20 924
20 924
20 924
Free-cash
166 027
174 275
86 094
69 018

Estimated living cost  is ₽20924 per week

₽13349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1993
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.
₽5107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79666
₽113886
₽87925
₽73504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 757
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
113 943
Employee
85 887
85 887
225 309
-
pensions
15 460
11 784
11 784
-
income

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

14 058
14 058
45 105
-
health
13 183
11 213
12 402
-
total
42 701
37 055
69 291
-
Employer
85 887
85 887
225 309
-
health
5 970
5 970
7 419
-
pensions
5 978
5 978
7 430
-
unemployment
3 092
3 092
3 842
-
total
15 040
15 040
18 691
-
Corporate
144 127
143 073
-
-
income
28 826
28 616
-
-
total
28 826
28 616
-
-
Dividends
115 302
114 458
-
-
income
24 501
24 323
-
-
withholding
17 296
17 168
-
-
total
41 797
41 491
-
-
Income
244 000
244 000
244 000
244 000
Total tax
128 364
122 202
87 982
113 943
After tax
115 636
121 798
156 018
130 057
Living cost
42 132
42 132
42 132
42 132
Free-cash
73 504
79 666
113 886
87 925

Estimated living cost  is ₽42132 per week

₽29858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽670
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽92018
₽79257
₽80257
₽91093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
181
other
-
-
-
10 494
unemployment
-
-
-
90
health
-
-
-
5 635
municipal
-
-
-
64 959
national
-
-
-
31 416
pensions
-
-
-
9 762
total
-
-
-
122 537
Employee
58 715
-
215 625
-
municipal
17 509
-
64 299
-
national
-
-
30 863
-
total
17 509
-
95 162
-
Employer
58 715
-
215 625
-
health
3 611
-
5 554
-
pensions
6 347
-
9 762
-
accident
117
-
181
-
unemployment
1 550
-
2 384
-
other
6 823
-
10 494
-
total
18 448
-
28 375
-
Corporate
166 837
244 000
-
-
income
36 704
53 680
-
-
total
36 704
53 680
-
-
Dividends
130 133
190 320
-
-
withholding
39 040
57 096
-
-
total
39 040
57 096
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 701
110 776
123 537
122 537
After tax
132 299
133 224
120 463
121 463
Living cost
41 206
41 206
41 206
41 206
Free-cash
91 093
92 018
79 257
80 257

Estimated living cost  is ₽41206 per week

₽27310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽626
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82188
₽110228
₽77782
₽96320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
82 835
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.

-
-
-
4 556
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.

-
-
-
6 871
trade
-
-
-
32 446
total
-
-
-
126 708
Employee

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

51 004
-
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.

240
-
4 556
-
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.

4 382
-
82 835
-
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.

6 871
-
6 871
-
total
11 493
-
94 262
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
192 996
244 000
-
-
income
28 950
36 599
-
-
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.

1 592
2 014
-
-
chamber of commerce
428
500
-
-
trade
31 748
40 138
-
-
total
62 718
79 251
-
-
Dividends
130 280
164 749
-
-
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.

1 771
2 245
-
-
withholding
32 188
40 806
-
-
total
33 959
43 051
-
-
Income
244 000
244 000
244 000
244 000
Total tax
108 170
122 302
94 262
126 708
After tax
135 830
121 698
149 738
117 292
Living cost
39 510
39 510
39 510
39 510
Free-cash
96 320
82 188
110 228
77 782

Estimated living cost  is ₽39510 per week

₽26424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145162
₽128843
₽130805
₽140992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
58 079
social contributions
-
-
-
16 273
health
-
-
-
6 222
total
-
-
-
80 574
Employee
77 337
77 337
231 067
-
social contributions
3 758
6 419
8 657
-
income
8 121
7 159
57 019
-
health
769
1 315
3 928
-
total
12 648
14 893
69 604
-
Employer
77 337
77 337
231 067
-
health
838
1 431
4 275
-
social contributions
3 758
6 419
8 657
-
total
4 596
7 850
12 932
-
Corporate
194 134
158 813
-
-
income
24 266
19 851
-
-
total
24 266
19 851
-
-
Dividends
169 869
138 961
-
-
withholding
28 877
23 623
-
-
total
28 877
23 623
-
-
Income
244 000
244 000
244 000
244 000
Total tax
70 387
66 217
82 536
80 574
After tax
173 613
177 783
161 464
163 426
Living cost
32 621
32 621
32 621
32 621
Free-cash
140 992
145 162
128 843
130 805

Estimated living cost  is ₽32621 per week

₽22300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2548
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽118475
₽122993
₽150576
₽118859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29 829
unemployment
-
-
-
3 660
health
-
-
-
17 080
pensions
-
-
-
24 400
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.

26 641
10 603
204 184
-
unemployment
400
159
3 063
-
pensions
2 664
1 060
20 418
-
income
3 257
1 296
24 962
-
health
1 865
742
14 293
-
total
8 186
3 257
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.

26 641
10 603
204 184
-
pensions
5 195
2 068
39 816
-
total
5 195
2 068
39 816
-
Corporate
212 164
231 330
-
-
income
19 095
20 820
-
-
total
19 095
20 820
-
-
Dividends
193 070
210 510
-
-
social contributions
37 527
40 928
-
-
withholding
36 683
39 997
-
-
total
74 210
80 925
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 686
107 070
102 552
74 969
After tax
137 314
136 930
141 448
169 031
Living cost
18 455
18 455
18 455
18 455
Free-cash
118 859
118 475
122 993
150 576

Estimated living cost  is ₽18455 per week

₽12594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1510
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170907
₽116345
₽106490
₽164660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 696
health
-
-
-
31 721
pensions
-
-
-
48 801
total
-
-
-
113 218
Employee
28 531
-
182 362
-
unemployment
456
-
2 918
-
pensions
571
-
3 647
-
income
3 212
-
35 160
-
total
4 239
-
41 725
-
Employer
28 531
-
182 362
-
health
3 708
-
23 707
-
pensions
5 707
-
36 473
-
unemployment
229
-
1 458
-
total
9 644
-
61 638
-
Corporate
205 824
244 000
-
-
income
41 165
48 801
-
-
total
41 165
48 801
-
-
Dividends
164 660
195 199
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
55 048
48 801
103 363
113 218
After tax
188 952
195 199
140 637
130 782
Living cost
24 292
24 292
24 292
24 292
Free-cash
164 660
170 907
116 345
106 490

Estimated living cost  is ₽24292 per week

₽16662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2636
₽112406
₽144167
₽16328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
257
income
-
-
-
70 342
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
77 433
Employee
35 237
-
223 571
-
pensions
3 968
-
7 768
-
income
4 834
-
55 397
-
health
4 035
-
25 599
-
total
12 837
-
88 764
-
Employer
35 237
-
223 571
-
pensions
5 730
-
11 218
-
accident
588
-
3 734
-
unemployment
863
-
5 478
-
total
7 181
-
20 430
-
Corporate
201 582
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.

181 424
219 600
-
-
total
181 424
219 600
-
-
Dividends
20 158
24 400
-
-
withholding
3 830
4 636
-
-
total
3 830
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
205 272
224 236
109 194
77 433
After tax
38 728
19 764
134 806
166 567
Living cost
22 400
22 400
22 400
22 400
Free-cash
16 328
-2 636
112 406
144 167

Estimated living cost  is ₽22400 per week

₽16417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1241
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽223660
₽187060
₽233420
₽222134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
10 174
-
244 000
-
income
2 035
-
48 800
-
total
2 035
-
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%.

233 826
244 000
-
-
total
-
-
-
-
Dividends
233 826
244 000
-
-
withholding
11 691
12 200
-
-
total
11 691
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
13 726
12 200
48 800
2 440
After tax
230 274
231 800
195 200
241 560
Living cost
8 140
8 140
8 140
8 140
Free-cash
222 134
223 660
187 060
233 420

Estimated living cost  is ₽8140 per week

₽5044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽152467
₽120459
₽122431
₽145673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
44 070
other
-
-
-
7 264
health
-
-
-
6 730
pensions

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

-
-
-
36 706
total
-
-
-
94 770
Employee
36 518
-
205 044
-
unemployment
365
-
1 529
-
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.

2 556
-
10 705
-
income
6 287
-
43 411
-
health
512
-
2 141
-
total
9 720
-
57 786
-
Employer
36 518
-
205 044
-
health
512
-
2 141
-
pensions

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

6 209
-
26 001
-
accident
292
-
1 639
-
unemployment
365
-
1 529
-
other
1 827
-
7 646
-
total
9 205
-
38 956
-
Corporate
198 279
244 000
-
-
income
41 638
51 240
-
-
total
41 638
51 240
-
-
Dividends
156 641
192 760
-
-
withholding
10 965
13 494
-
-
total
10 965
13 494
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 528
64 734
96 742
94 770
After tax
172 472
179 266
147 258
149 230
Living cost
26 799
26 799
26 799
26 799
Free-cash
145 673
152 467
120 459
122 431

Estimated living cost  is ₽26799 per week

₽18935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽431
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽85538
₽68135
₽89842
₽93586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 946
pensions
-
-
-
10 353
total
-
-
-
87 299
Employee
94 595
-
212 518
-
pensions
9 126
-
12 237
-
income
17 052
-
62 474
-
health
1 559
-
2 816
-
total
27 737
-
77 527
-
Employer
94 595
-
212 518
-
health
1 797
-
4 038
-
pensions
11 169
-
27 441
-
total
12 966
-
31 479
-
Corporate
136 439
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.

25 922
46 360
-
-
total
25 922
46 360
-
-
Dividends
110 517
197 640
-
-
withholding
16 930
45 243
-
-
total
16 930
45 243
-
-
Income
244 000
244 000
244 000
244 000
Total tax
83 555
91 603
109 006
87 299
After tax
160 445
152 397
134 994
156 701
Living cost
66 859
66 859
66 859
66 859
Free-cash
93 586
85 538
68 135
89 842

Estimated living cost  is ₽66859 per week

₽50099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽195415
₽195089
₽184802
₽190736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
36 600
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
45 993
Employee
17 485
-
237 098
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
pensions

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

1 535
-
3 089
-
income
1 748
-
23 710
-
health
804
-
1 618
-
total
4 280
-
28 804
-
Employer
17 485
-
237 098
-
health
1 207
-
2 427
-
pensions

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

1 927
-
3 877
-
accident

We are using the highest rate at 1.1%.

193
-
387
-
unemployment
105
-
211
-
total
3 432
-
6 902
-
Corporate
223 084
244 000
-
-
income
22 308
24 400
-
-
total
22 308
24 400
-
-
Dividends
200 776
219 600
-
-
withholding
10 039
10 980
-
-
total
10 039
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
40 059
35 380
35 706
45 993
After tax
203 941
208 620
208 294
198 007
Living cost
13 205
13 205
13 205
13 205
Free-cash
190 736
195 415
195 089
184 802

Estimated living cost  is ₽13205 per week

₽7709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽66028
₽100248
₽74287
₽68558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 757
health
-
-
-
12 402
pensions
-
-
-
11 784
total
-
-
-
113 943
Employee
93 245
85 887
225 309
-
pensions
11 784
11 784
11 784
-
income

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

14 058
14 058
45 105
-
health
11 633
11 213
12 402
-
total
37 475
37 055
69 291
-
Employer
93 245
85 887
225 309
-
health
6 480
5 970
7 419
-
pensions
6 489
5 978
7 430
-
unemployment
3 357
3 092
3 842
-
total
16 326
15 040
18 691
-
Corporate
134 428
143 073
-
-
income
26 886
28 616
-
-
total
26 886
28 616
-
-
Dividends
107 542
114 458
-
-
income
22 854
24 323
-
-
withholding
16 131
17 168
-
-
total
38 985
41 491
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 672
122 202
87 982
113 943
After tax
124 328
121 798
156 018
130 057
Living cost
55 770
55 770
55 770
55 770
Free-cash
68 558
66 028
100 248
74 287

Estimated living cost  is ₽55770 per week

₽41140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽639
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143001
₽109358
₽120204
₽134084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 264
social contributions
-
-
-
35 964
solidarity contribution
-
-
-
3 635
health
-
-
-
32 940
total
-
-
-
98 803
Employee
36 754
-
195 605
-
solidarity contribution
-
-
2 662
-
social contributions
2 389
-
8 006
-
income
4 411
-
24 179
-
health
4 962
-
26 407
-
total
11 762
-
61 254
-
Employer
36 754
-
195 605
-
health
3 308
-
17 604
-
social contributions
9 189
-
30 791
-
total
12 497
-
48 395
-
Corporate
194 749
244 000
-
-
income
37 002
46 360
-
-
total
37 002
46 360
-
-
Dividends
157 747
197 640
-
-
withholding
23 662
29 646
-
-
total
23 662
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 923
76 006
109 649
98 803
After tax
159 077
167 994
134 351
145 197
Living cost
24 993
24 993
24 993
24 993
Free-cash
134 084
143 001
109 358
120 204

Estimated living cost  is ₽24993 per week

₽17360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87746
₽67739
₽76263
₽82496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50 337
regional
-
-
-
3 171
municipal
-
-
-
1 550
national
-
-
-
70 240
total
-
-
-
125 298
Employee
89 385
-
244 000
-
municipal
473
-
1 424
-
national
15 488
-
63 507
-
regional
843
-
2 898
-
social contributions
30 141
-
65 993
-
total
46 945
-
133 822
-
Employer
89 385
-
244 000
-
total
-
-
-
-
Corporate
154 615
244 000
-
-
municipal
6 029
9 516
-
-
nationa
37 107
58 560
-
-
total
43 136
68 076
-
-
Dividends
111 479
175 924
-
-
withholding
28 984
45 739
-
-
total
28 984
45 739
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 065
113 815
133 822
125 298
After tax
124 935
130 185
110 178
118 702
Living cost
42 439
42 439
42 439
42 439
Free-cash
82 496
87 746
67 739
76 263

Estimated living cost  is ₽42439 per week

₽29583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2783
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽651
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131282
₽86239
₽92387
₽128151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 205
other
-
-
-
-
surtax
-
-
-
13 610
unemployment
-
-
-
229
health
-
-
-
9 530
pensions
-
-
-
26 846
total
-
-
-
129 420
Employee
33 259
-
215 745
-
other
-
-
-
-
unemployment
2 315
-
9 343
-
pensions
2 218
-
8 953
-
surtax
109
-
12 406
-
income
5 575
-
73 189
-
health
849
-
3 422
-
total
11 066
-
107 313
-
Employer
33 259
-
215 745
-
health
1 514
-
6 108
-
pensions
4 434
-
17 893
-
unemployment
1 054
-
4 254
-
other
-
-
-
-
total
7 002
-
28 255
-
Corporate
203 740
244 000
-
-
income
52 973
63 440
-
-
total
52 973
63 440
-
-
Dividends
150 767
180 560
-
-
withholding
22 615
27 085
-
-
total
22 615
27 085
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 656
90 525
135 568
129 420
After tax
150 344
153 475
108 432
114 580
Living cost
22 193
22 193
22 193
22 193
Free-cash
128 151
131 282
86 239
92 387

Estimated living cost  is ₽22193 per week

₽13570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽106721
₽89318
₽111025
₽113323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 946
pensions
-
-
-
10 353
total
-
-
-
87 299
Employee
63 395
-
212 518
-
pensions
5 381
-
12 237
-
income
11 418
-
62 474
-
health
920
-
2 816
-
total
17 719
-
77 527
-
Employer
63 395
-
212 518
-
health
1 204
-
4 038
-
pensions
6 863
-
27 441
-
total
8 067
-
31 479
-
Corporate
172 538
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.

32 783
46 360
-
-
total
32 783
46 360
-
-
Dividends
139 755
197 640
-
-
withholding
26 432
45 243
-
-
total
26 432
45 243
-
-
Income
244 000
244 000
244 000
244 000
Total tax
85 001
91 603
109 006
87 299
After tax
158 999
152 397
134 994
156 701
Living cost
45 676
45 676
45 676
45 676
Free-cash
113 323
106 721
89 318
111 025

Estimated living cost  is ₽45676 per week

₽34220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽31832
₽104765
₽113173
₽65948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
13 913
health
-
-
-
549
city
-
-
-
2 572
national
-
-
-
6 719
pensions
-
-
-
22 448
total
-
-
-
51 082
Employee
93 322
-
219 852
-
unemployment
-
-
-
-
pensions
7 840
-
16 836
-
national
442
-
5 576
-
regional
3 056
-
12 471
-
city
1 002
-
2 382
-
health
211
-
496
-
total
12 551
-
37 761
-
Employer
93 322
-
219 852
-
health
211
-
496
-
pensions
7 840
-
16 836
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

1 866
-
4 397
-
total
9 917
-
21 729
-
Corporate
139 735
244 000
-
-
regional
29 555
51 605
-
-
national
11 877
20 740
-
-
total
41 432
72 345
-
-
Dividends
98 302
171 655
-
-
withholding
34 407
60 078
-
-
total
34 407
60 078
-
-
Income
244 000
244 000
244 000
244 000
Total tax
98 307
132 423
59 490
51 082
After tax
145 693
111 577
184 510
192 918
Living cost
79 745
79 745
79 745
79 745
Free-cash
65 948
31 832
104 765
113 173

Estimated living cost  is ₽79745 per week

₽51857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽979
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽74371
₽103664
₽69838
₽90683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
82 835
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.

-
-
-
4 556
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.

-
-
-
6 871
trade
-
-
-
33 826
total
-
-
-
128 088
Employee

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

60 444
-
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.

391
-
4 556
-
income

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

7 108
-
82 835
-
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.

6 871
-
6 871
-
total
14 370
-
94 262
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
183 556
244 000
-
-
income
27 533
36 599
-
-
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.

1 514
2 014
-
-
chamber of commerce
410
496
-
-
trade
31 480
41 846
-
-
total
60 937
80 955
-
-
Dividends
122 619
163 045
-
-
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.

1 664
2 222
-
-
withholding
30 272
40 378
-
-
total
31 936
42 600
-
-
Income
244 000
244 000
244 000
244 000
Total tax
107 243
123 555
94 262
128 088
After tax
136 757
120 445
149 738
115 912
Living cost
46 074
46 074
46 074
46 074
Free-cash
90 683
74 371
103 664
69 838

Estimated living cost  is ₽46074 per week

₽33650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3685
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽599
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88566
₽89297
₽97571
₽94507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 960
other
-
-
-
7 564
surtax
-
-
-
-
social contributions
-
-
-
6 953
health
-
-
-
12 404
pensions
-
-
-
37 138
total
-
-
-
112 019
Employee
43 044
-
185 339
-
pensions
4 867
-
14 339
-
surtax
-
-
-
-
social contributions
1 227
-
5 281
-
income
2 540
-
42 011
-
total
8 634
-
61 631
-
Employer
43 044
-
185 339
-
health
3 014
-
18 868
-
pensions
7 071
-
23 883
-
unemployment
1 743
-
7 507
-
social contributions
130
-
555
-
other
1 485
-
7 849
-
total
13 443
-
58 662
-
Corporate
187 513
244 000
-
-
income
52 504
68 320
-
-
surtax
-
-
-
-
total
52 504
68 320
-
-
Dividends
135 010
175 680
-
-
surtax
-
-
-
-
social contributions
23 222
30 217
-
-
withholding
17 280
22 487
-
-
total
40 502
52 704
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 083
121 024
120 293
112 019
After tax
128 917
122 976
123 707
131 981
Living cost
34 410
34 410
34 410
34 410
Free-cash
94 507
88 566
89 297
97 571

Estimated living cost  is ₽34410 per week

₽21697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽586
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91975
₽92706
₽100980
₽97562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 960
other
-
-
-
7 564
surtax
-
-
-
-
social contributions
-
-
-
6 953
health
-
-
-
12 404
pensions
-
-
-
37 138
total
-
-
-
112 019
Employee
38 423
-
185 339
-
pensions
4 346
-
14 339
-
surtax
-
-
-
-
social contributions
1 096
-
5 281
-
income
1 981
-
42 011
-
total
7 423
-
61 631
-
Employer
38 423
-
185 339
-
health
2 689
-
18 868
-
pensions
6 314
-
23 883
-
unemployment
1 556
-
7 507
-
social contributions
115
-
555
-
other
1 326
-
7 849
-
total
12 000
-
58 662
-
Corporate
193 577
244 000
-
-
income
54 202
68 320
-
-
surtax
-
-
-
-
total
54 202
68 320
-
-
Dividends
139 375
175 680
-
-
surtax
-
-
-
-
social contributions
23 972
30 217
-
-
withholding
17 840
22 487
-
-
total
41 812
52 704
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 437
121 024
120 293
112 019
After tax
128 563
122 976
123 707
131 981
Living cost
31 001
31 001
31 001
31 001
Free-cash
97 562
91 975
92 706
100 980

Estimated living cost  is ₽31001 per week

₽17979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127535
₽128376
₽135373
₽128056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
36 599
social contributions
-
-
-
33 671
health
-
-
-
17 030
total
-
-
-
87 300
Employee
34 101
-
244 000
-
social contributions
4 707
-
33 671
-
income
5 688
-
43 596
-
health
2 380
-
17 030
-
total
12 775
-
94 297
-
Employer
34 101
-
244 000
-
total
-
-
-
-
Corporate
209 899
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%.

10 495
12 200
-
-
total
10 495
12 200
-
-
Dividends
199 404
231 800
-
-
social contributions
27 518
31 988
-
-
withholding
29 912
34 771
-
-
health
13 917
16 179
-
-
total
71 347
82 938
-
-
Income
244 000
244 000
244 000
244 000
Total tax
94 617
95 138
94 297
87 300
After tax
149 383
148 862
149 703
156 700
Living cost
21 327
21 327
21 327
21 327
Free-cash
128 056
127 535
128 376
135 373

Estimated living cost  is ₽21327 per week

₽14272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98930
₽28131
₽89272
₽97372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
81 222
surtax
-
-
-
198
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
975
health
-
-
-
8 988
pensions
-
-
-
21 737
total
-
-
-
119 289
Employee
50 263
40 080
203 694
-
other
502
401
1 176
-
unemployment
1 508
1 202
3 525
-
pensions
5 147
4 103
12 032
-
income
5 722
2 956
68 877
-
health
1 945
1 552
4 546
-
total
14 824
10 214
90 156
-
Employer
50 263
40 080
203 694
-
chamber of commerce
200
160
815
-
health
1 899
1 515
4 441
-
pensions
6 308
5 031
14 746
-
accident
653
521
1 527
-
unemployment
1 508
1 202
3 525
-
surtax
198
198
198
-
payroll
1 508
1 202
6 111
-
other
2 388
1 903
8 942
-
total
14 662
11 732
40 305
-
Corporate
179 075
192 185
199 877
-
income

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

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

44 768
48 047
49 969
-
total
44 768
48 047
49 969
-
Dividends
134 307
144 138
-
-
withholding
36 935
39 638
-
-
total
36 935
39 638
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 189
109 631
180 430
119 289
After tax
132 811
134 369
63 570
124 711
Living cost
35 439
35 439
35 439
35 439
Free-cash
97 372
98 930
28 131
89 272

Estimated living cost  is ₽35439 per week

₽23636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96239
₽45503
₽69546
₽84567
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
13 135
social contributions
-
-
-
25 075
national
-
-
-
99 573
total
-
-
-
137 783
Employee

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

71 942
-
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.

626
-
1 643
-
communal

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

3 752
-
9 858
-
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.

5 396
-
14 173
-
national
22 118
-
72 256
-
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.

3 380
-
8 883
-
total
35 272
-
106 813
-
Employer

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

71 942
-
188 987
-
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.

4 424
-
11 623
-
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.

6 375
-
16 744
-
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.

935
-
2 456
-
unemployment

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

1 050
-
2 760
-
surtax
8 157
-
21 430
-
total
20 941
-
55 013
-
Corporate
151 117
244 000
-
-
income
30 223
53 582
-
-
surtax
605
1 071
-
-
total
30 828
54 653
-
-
Dividends
120 290
189 347
-
-
withholding

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

35 721
56 437
-
-
total
35 721
56 437
-
-
Income
244 000
244 000
244 000
244 000
Total tax
122 762
111 090
161 826
137 783
After tax
121 238
132 910
82 174
106 217
Living cost
36 671
36 671
36 671
36 671
Free-cash
84 567
96 239
45 503
69 546

Estimated living cost  is ₽36671 per week

₽23621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3206
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125515
₽95643
₽99861
₽118622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
840
income
-
-
-
79 849
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
107 817
Employee
50 064
-
214 281
-
other
50
-
94
-
unemployment
777
-
1 445
-
pensions
2 353
-
4 382
-
income
10 563
-
76 396
-
total
13 743
-
82 317
-
Employer
50 064
-
214 281
-
pensions
11 814
-
22 000
-
accident
991
-
1 846
-
unemployment
2 754
-
5 126
-
other
399
-
746
-
total
15 958
-
29 718
-
Corporate
177 979
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.

26 697
36 599
-
-
total
26 697
36 599
-
-
Dividends
151 281
207 401
-
-
withholding
32 658
45 564
-
-
total
32 658
45 564
-
-
Income
244 000
244 000
244 000
244 000
Total tax
89 056
82 163
112 035
107 817
After tax
154 944
161 837
131 965
136 183
Living cost
36 322
36 322
36 322
36 322
Free-cash
118 622
125 515
95 643
99 861

Estimated living cost  is ₽36322 per week

₽26747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81972
₽68223
₽59113
₽68135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
15 421
accident
-
-
-
2 015
income
-
-
-
48 004
surtax
-
-
-
12 177
health
-
-
-
16 792
pensions
-
-
-
35 822
total
-
-
-
130 231
Employee
76 164
-
217 953
-
pensions
6 092
-
17 437
-
surtax
4 668
-
13 358
-
income
7 357
-
54 583
-
health
3 390
-
9 698
-
total
21 507
-
95 076
-
Employer
76 164
-
217 953
-
health
2 323
-
6 646
-
pensions
6 092
-
17 437
-
accident
685
-
1 962
-
total
9 100
-
26 045
-
Corporate
158 735
244 000
-
-
communal
10 715
16 469
-
-
income
23 810
36 599
-
-
surtax
1 666
2 561
-
-
total
36 191
55 629
-
-
Dividends
122 545
188 370
-
-
income
36 029
23 488
-
-
withholding
18 382
28 255
-
-
total
54 411
51 743
-
-
Income
244 000
244 000
244 000
244 000
Total tax
121 209
107 372
121 121
130 231
After tax
122 791
136 628
122 879
113 769
Living cost
54 656
54 656
54 656
54 656
Free-cash
68 135
81 972
68 223
59 113

Estimated living cost  is ₽54656 per week

₽41000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130885
₽85842
₽91990
₽127686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 205
other
-
-
-
-
surtax
-
-
-
13 610
unemployment
-
-
-
229
health
-
-
-
9 530
pensions
-
-
-
26 846
total
-
-
-
129 420
Employee
33 870
-
215 745
-
other
-
-
-
-
unemployment
2 357
-
9 343
-
pensions
2 260
-
8 953
-
surtax
120
-
12 406
-
income
5 678
-
73 189
-
health
865
-
3 422
-
total
11 280
-
107 313
-
Employer
33 870
-
215 745
-
health
1 540
-
6 108
-
pensions
4 516
-
17 893
-
unemployment
1 075
-
4 254
-
other
-
-
-
-
total
7 131
-
28 255
-
Corporate
202 999
244 000
-
-
income
52 780
63 440
-
-
total
52 780
63 440
-
-
Dividends
150 219
180 560
-
-
withholding
22 533
27 085
-
-
total
22 533
27 085
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 724
90 525
135 568
129 420
After tax
150 276
153 475
108 432
114 580
Living cost
22 590
22 590
22 590
22 590
Free-cash
127 686
130 885
85 842
91 990

Estimated living cost  is ₽22590 per week

₽13639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101158
₽82369
₽90849
₽98926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50 337
regional
-
-
-
3 931
municipal
-
-
-
1 550
national
-
-
-
70 240
total
-
-
-
126 058
Employee
55 790
-
244 000
-
municipal
296
-
1 424
-
national
8 839
-
63 507
-
regional
751
-
3 614
-
social contributions
18 813
-
65 993
-
total
28 699
-
134 538
-
Employer
55 790
-
244 000
-
total
-
-
-
-
Corporate
188 210
244 000
-
-
municipal
9 354
12 127
-
-
nationa
45 171
58 560
-
-
total
54 525
70 687
-
-
Dividends
133 685
173 313
-
-
withholding
34 757
45 062
-
-
total
34 757
45 062
-
-
Income
244 000
244 000
244 000
244 000
Total tax
117 981
115 749
134 538
126 058
After tax
126 019
128 251
109 462
117 942
Living cost
27 093
27 093
27 093
27 093
Free-cash
98 926
101 158
82 369
90 849

Estimated living cost  is ₽27093 per week

₽16849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
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.
₽7035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽137196
₽103553
₽114399
₽126209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 264
social contributions
-
-
-
35 964
solidarity contribution
-
-
-
3 635
health
-
-
-
32 940
total
-
-
-
98 803
Employee
45 291
-
195 605
-
solidarity contribution
-
-
2 662
-
social contributions
2 944
-
8 006
-
income
5 435
-
24 179
-
health
6 114
-
26 407
-
total
14 493
-
61 254
-
Employer
45 291
-
195 605
-
health
4 076
-
17 604
-
social contributions
11 323
-
30 791
-
total
15 399
-
48 395
-
Corporate
183 310
244 000
-
-
income
34 829
46 360
-
-
total
34 829
46 360
-
-
Dividends
148 481
197 640
-
-
withholding
22 272
29 646
-
-
total
22 272
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 993
76 006
109 649
98 803
After tax
157 007
167 994
134 351
145 197
Living cost
30 798
30 798
30 798
30 798
Free-cash
126 209
137 196
103 553
114 399

Estimated living cost  is ₽30798 per week

₽22903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽533
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102388
₽31530
₽92822
₽101890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
81 222
surtax
-
-
-
-
unemployment
-
-
-
6 169
chamber of commerce
-
-
-
975
health
-
-
-
8 988
pensions
-
-
-
21 737
total
-
-
-
119 091
Employee
43 964
40 080
203 879
-
other
439
401
1 176
-
unemployment
1 319
1 202
3 525
-
pensions
4 502
4 103
12 032
-
income
3 916
2 956
68 969
-
health
1 701
1 552
4 546
-
total
11 877
10 214
90 248
-
Employer
43 964
40 080
203 879
-
chamber of commerce
176
160
815
-
health
1 662
1 515
4 441
-
pensions
5 518
5 031
14 746
-
accident
571
521
1 527
-
unemployment
1 319
1 202
3 525
-
surtax
-
-
-
-
payroll
1 319
1 202
6 117
-
other
2 088
1 903
8 949
-
total
12 653
11 534
40 120
-
Corporate
187 384
192 384
200 062
-
income

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

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

46 846
48 097
50 015
-
total
46 846
48 097
50 015
-
Dividends
140 537
144 287
-
-
withholding
38 647
39 680
-
-
total
38 647
39 680
-
-
Income
244 000
244 000
244 000
244 000
Total tax
110 023
109 525
180 383
119 091
After tax
133 977
134 475
63 617
124 909
Living cost
32 087
32 087
32 087
32 087
Free-cash
101 890
102 388
31 530
92 822

Estimated living cost  is ₽32087 per week

₽19248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽219116
₽182516
₽228876
₽216738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 855
-
244 000
-
income
3 171
-
48 800
-
total
3 171
-
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%.

228 145
244 000
-
-
total
-
-
-
-
Dividends
228 145
244 000
-
-
withholding
11 407
12 200
-
-
total
11 407
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
14 578
12 200
48 800
2 440
After tax
229 422
231 800
195 200
241 560
Living cost
12 684
12 684
12 684
12 684
Free-cash
216 738
219 116
182 516
228 876

Estimated living cost  is ₽12684 per week

₽8583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽141018
₽79134
₽84434
₽132606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
63 654
unemployment
-
-
-
366
health
-
-
-
24 010
pensions
-
-
-
44 560
total
-
-
-
132 590
Employee

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

44 474
-
211 126
-
unemployment
63
-
296
-
pensions
6 894
-
32 725
-
income
7 670
-
58 356
-
health
2 872
-
13 639
-
total
17 499
-
105 016
-
Employer

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

44 474
-
211 126
-
health
2 962
-
14 063
-
pensions
3 936
-
18 685
-
unemployment
27
-
126
-
total
6 925
-
32 874
-
Corporate
192 601
244 000
-
-
income
36 593
46 360
-
-
total
36 593
46 360
-
-
Dividends
156 008
197 640
-
-
withholding
23 401
29 646
-
-
total
23 401
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 418
76 006
137 890
132 590
After tax
159 582
167 994
106 110
111 410
Living cost
26 976
26 976
26 976
26 976
Free-cash
132 606
141 018
79 134
84 434

Estimated living cost  is ₽26976 per week

₽18513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1729
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽523
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104447
₽186581
₽124621
₽55939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 560
social contributions
-
-
-
27 816
total
-
-
-
75 376
Employee
63 094
-
-
-
social contributions
5 174
-
737
-
income
13 917
-
-
-
total
19 091
-
737
-
Employer
63 094
-
-
-
social contributions
88 963
-
12 679
-
total
88 963
-
12 679
-
Corporate
91 942
244 000
-
-
income
20 227
53 680
-
-
total
20 227
53 680
-
-
Dividends
71 715
190 320
-
-
income
15 777
41 870
-
-
total
15 777
41 870
-
-
Income
244 000
244 000
244 000
244 000
Total tax
144 058
95 550
13 416
75 376
After tax
99 942
148 450
230 584
168 624
Living cost
44 003
44 003
44 003
44 003
Free-cash
55 939
104 447
186 581
124 621

Estimated living cost  is ₽44003 per week

₽28551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107240
₽75122
₽94839
₽106225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
32 825
surtax
-
-
-
-
social contributions

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

-
-
-
84 789
total
-
-
-
117 614
Employee
46 257
-
197 171
-
surtax
-
-
571
-
social contributions
5 088
-
21 689
-
income
9 622
-
68 244
-
total
14 710
-
90 504
-
Employer
46 257
-
197 171
-
social contributions
10 986
-
46 827
-
total
10 986
-
46 827
-
Corporate
186 758
244 000
-
-
income
39 220
51 240
-
-
surtax
-
-
-
-
total
39 220
51 240
-
-
Dividends
147 538
192 760
-
-
withholding
41 312
53 973
-
-
total
41 312
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 228
105 213
137 331
117 614
After tax
137 772
138 787
106 669
126 386
Living cost
31 547
31 547
31 547
31 547
Free-cash
106 225
107 240
75 122
94 839

Estimated living cost  is ₽31547 per week

₽23604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽527
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74400
₽75131
₽83405
₽81313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 960
other
-
-
-
7 564
surtax
-
-
-
-
social contributions
-
-
-
6 953
health
-
-
-
12 404
pensions
-
-
-
37 138
total
-
-
-
112 019
Employee
62 992
-
185 339
-
pensions
7 125
-
14 339
-
surtax
-
-
-
-
social contributions
1 794
-
5 281
-
income
5 496
-
42 011
-
total
14 415
-
61 631
-
Employer
62 992
-
185 339
-
health
4 409
-
18 868
-
pensions
10 350
-
23 883
-
unemployment
2 552
-
7 507
-
social contributions
189
-
555
-
other
2 174
-
7 849
-
total
19 674
-
58 662
-
Corporate
161 334
244 000
-
-
income
45 175
68 320
-
-
surtax
-
-
-
-
total
45 175
68 320
-
-
Dividends
116 160
175 680
-
-
surtax
-
-
-
-
social contributions
19 979
30 217
-
-
withholding
14 868
22 487
-
-
total
34 847
52 704
-
-
Income
244 000
244 000
244 000
244 000
Total tax
114 111
121 024
120 293
112 019
After tax
129 889
122 976
123 707
131 981
Living cost
48 576
48 576
48 576
48 576
Free-cash
81 313
74 400
75 131
83 405

Estimated living cost  is ₽48576 per week

₽32876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽666
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽189369
₽153647
₽147164
₽185989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 925
social contributions
-
-
-
53 679
total
-
-
-
66 604
Employee
32 334
-
211 256
-
income
-
-
13 645
-
social contributions
2 101
-
13 732
-
total
2 101
-
27 377
-
Employer
32 334
-
211 256
-
social contributions
5 012
-
32 744
-
total
5 012
-
32 744
-
Corporate
206 654
244 000
-
-
income
20 666
24 399
-
-
total
20 666
24 399
-
-
Dividends
185 988
219 601
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
27 779
24 399
60 121
66 604
After tax
216 221
219 601
183 879
177 396
Living cost
30 232
30 232
30 232
30 232
Free-cash
185 989
189 369
153 647
147 164

Estimated living cost  is ₽30232 per week

₽19548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24974
₽24974
₽91625
₽13370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 450
municipal
-
-
-
52 814
national
-
-
-
30 826
pensions
-
-
-
871
total
-
-
-
103 961
Employee
204 345
204 345
204 345
-
municipal
43 514
43 514
43 514
-
labour market
16 324
16 324
16 324
-
pensions
290
290
290
-
national
24 964
24 964
24 964
-
total
85 092
85 092
85 092
-
Employer
204 345
204 345
204 345
-
national
25 008
25 008
25 008
-
labour market
16 348
16 348
16 348
-
pensions
581
581
581
-
municipal
43 583
43 583
43 583
-
total
85 520
85 520
85 520
-
Corporate
24 973
-
-
-
income
5 494
-
-
-
total
5 494
-
-
-
Dividends
19 479
-
-
-
withholding
6 110
-
-
-
total
6 110
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
182 216
170 612
170 612
103 961
After tax
61 784
73 388
73 388
140 039
Living cost
48 414
48 414
48 414
48 414
Free-cash
13 370
24 974
24 974
91 625

Estimated living cost  is ₽48414 per week

₽33135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4283
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽745
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2306
₽112736
₽144497
₽16378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
257
income
-
-
-
70 342
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
77 433
Employee
34 717
-
223 571
-
pensions
3 909
-
7 768
-
income
4 763
-
55 397
-
health
3 975
-
25 599
-
total
12 647
-
88 764
-
Employer
34 717
-
223 571
-
pensions
5 645
-
11 218
-
accident
580
-
3 734
-
unemployment
851
-
5 478
-
total
7 076
-
20 430
-
Corporate
202 207
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.

181 987
219 600
-
-
total
181 987
219 600
-
-
Dividends
20 221
24 400
-
-
withholding
3 842
4 636
-
-
total
3 842
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
205 552
224 236
109 194
77 433
After tax
38 448
19 764
134 806
166 567
Living cost
22 070
22 070
22 070
22 070
Free-cash
16 378
-2 306
112 736
144 497

Estimated living cost  is ₽22070 per week

₽16064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽110014
₽81105
₽109053
₽113239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 338
municipal
-
-
-
43 319
national
-
-
-
49 677
total
-
-
-
96 334
Employee
52 914
-
205 265
-
municipal
8 667
-
33 406
-
unemployment
794
-
3 079
-
pensions
3 571
-
13 854
-
national
874
-
32 468
-
health
395
-
2 741
-
total
14 301
-
85 548
-
Employer
52 914
-
205 265
-
health
407
-
1 580
-
pensions
9 180
-
35 614
-
accident
53
-
206
-
unemployment
344
-
1 334
-
total
9 984
-
38 734
-
Corporate
181 102
244 000
-
-
income
36 219
48 801
-
-
total
36 219
48 801
-
-
Dividends

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

108 662
146 399
-
-
municipal
19 559
26 352
-
-
national
12 085
20 220
-
-
total
31 644
46 572
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 148
95 373
124 282
96 334
After tax
151 852
148 627
119 718
147 666
Living cost
38 613
38 613
38 613
38 613
Free-cash
113 239
110 014
81 105
109 053

Estimated living cost  is ₽38613 per week

₽25222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽615
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽154497
₽138178
₽140140
₽149023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
58 079
social contributions
-
-
-
16 273
health
-
-
-
6 222
total
-
-
-
80 574
Employee
77 337
77 337
231 067
-
social contributions
2 924
6 419
8 657
-
income
8 421
7 159
57 019
-
health
599
1 315
3 928
-
total
11 944
14 893
69 604
-
Employer
77 337
77 337
231 067
-
health
651
1 431
4 275
-
social contributions
2 924
6 419
8 657
-
total
3 575
7 850
12 932
-
Corporate
205 195
158 813
-
-
income
25 650
19 851
-
-
total
25 650
19 851
-
-
Dividends
179 546
138 961
-
-
withholding
30 522
23 623
-
-
total
30 522
23 623
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 691
66 217
82 536
80 574
After tax
172 309
177 783
161 464
163 426
Living cost
23 286
23 286
23 286
23 286
Free-cash
149 023
154 497
138 178
140 140

Estimated living cost  is ₽23286 per week

₽13956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2285
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.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽186089
₽172416
₽192588
₽180972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
25 377
unemployment
-
-
-
29
health
-
-
-
3 640
pensions
-
-
-
6 398
total
-
-
-
35 444
Employee

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

23 085
-
234 171
-
unemployment
115
-
477
-
pensions
3 462
-
14 314
-
income
1 578
-
22 884
-
health
1 962
-
8 112
-
total
7 117
-
45 787
-
Employer

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

23 085
-
234 171
-
health
992
-
4 103
-
pensions
1 269
-
5 249
-
unemployment
115
-
477
-
total
2 376
-
9 829
-
Corporate
218 538
244 000
-
-
income
19 668
21 960
-
-
total
19 668
21 960
-
-
Dividends
198 870
222 040
-
-
withholding
17 899
19 983
-
-
total
17 899
19 983
-
-
Income
244 000
244 000
244 000
244 000
Total tax
47 060
41 943
55 616
35 444
After tax
196 940
202 057
188 384
208 556
Living cost
15 968
15 968
15 968
15 968
Free-cash
180 972
186 089
172 416
192 588

Estimated living cost  is ₽15968 per week

₽10188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1151
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.
₽4153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134180
₽104308
₽108526
₽129736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
840
income
-
-
-
79 849
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
107 817
Employee
37 188
-
214 281
-
other
36
-
94
-
unemployment
576
-
1 445
-
pensions
1 748
-
4 382
-
income
7 170
-
76 396
-
total
9 530
-
82 317
-
Employer
37 188
-
214 281
-
pensions
8 776
-
22 000
-
accident
737
-
1 846
-
unemployment
2 046
-
5 126
-
other
298
-
746
-
total
11 857
-
29 718
-
Corporate
194 955
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.

29 243
36 599
-
-
total
29 243
36 599
-
-
Dividends
165 712
207 401
-
-
withholding
35 977
45 564
-
-
total
35 977
45 564
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 607
82 163
112 035
107 817
After tax
157 393
161 837
131 965
136 183
Living cost
27 657
27 657
27 657
27 657
Free-cash
129 736
134 180
104 308
108 526

Estimated living cost  is ₽27657 per week

₽18668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽150297
₽155351
₽155490
₽149976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
84 086
health
-
-
-
1 036
pensions
-
-
-
1 429
total
-
-
-
86 551
Employee
2 983
-
242 393
-
unemployment
30
-
71
-
pensions
268
-
643
-
income
577
-
84 011
-
health
149
-
357
-
total
1 024
-
85 082
-
Employer
2 983
-
242 393
-
health
283
-
679
-
pensions
328
-
786
-
unemployment
60
-
143
-
total
671
-
1 608
-
Corporate
240 346
244 000
-
-
income
52 876
53 680
-
-
total
52 876
53 680
-
-
Dividends
187 470
190 320
-
-
withholding
37 494
38 064
-
-
total
37 494
38 064
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 065
91 744
86 690
86 551
After tax
151 935
152 256
157 310
157 449
Living cost
1 959
1 959
1 959
1 959
Free-cash
149 976
150 297
155 351
155 490

Estimated living cost  is ₽1959 per week

₽1164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽159
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽45
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽158897
₽141713
₽141712
₽153948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
56 799
unemployment
-
-
-
1 115
health
-
-
-
7 656
pensions
-
-
-
19 325
total
-
-
-
84 895
Employee

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

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

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

26 227
-
230 696
-
unemployment
197
-
557
-
pensions
3 672
-
10 406
-
income
3 615
-
56 799
-
health
1 351
-
3 828
-
total
8 835
-
71 590
-
Employer

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

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

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

26 227
-
230 696
-
health
1 351
-
3 828
-
pensions
3 147
-
8 919
-
unemployment
197
-
557
-
total
4 695
-
13 304
-
Corporate
213 078
244 000
-
-
income
31 962
36 600
-
-
total
31 962
36 600
-
-
Dividends
181 116
207 400
-
-
withholding
27 167
31 110
-
-
total
27 167
31 110
-
-
Income
244 000
244 000
244 000
244 000
Total tax
72 659
67 710
84 894
84 895
After tax
171 341
176 290
159 106
159 105
Living cost
17 393
17 393
17 393
17 393
Free-cash
153 948
158 897
141 713
141 712

Estimated living cost  is ₽17393 per week

₽11711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111673
₽79555
₽99272
₽111312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
32 825
surtax
-
-
-
-
social contributions

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

-
-
-
84 789
total
-
-
-
117 614
Employee
39 035
-
197 171
-
surtax
-
-
571
-
social contributions
4 294
-
21 689
-
income
7 627
-
68 244
-
total
11 921
-
90 504
-
Employer
39 035
-
197 171
-
social contributions
9 270
-
46 827
-
total
9 270
-
46 827
-
Corporate
195 695
244 000
-
-
income
41 096
51 240
-
-
surtax
-
-
-
-
total
41 096
51 240
-
-
Dividends
154 599
192 760
-
-
withholding
43 287
53 973
-
-
total
43 287
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
105 574
105 213
137 331
117 614
After tax
138 426
138 787
106 669
126 386
Living cost
27 114
27 114
27 114
27 114
Free-cash
111 312
111 673
79 555
99 272

Estimated living cost  is ₽27114 per week

₽19204
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.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126491
₽96619
₽100837
₽119907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
840
income
-
-
-
79 849
other
-
-
-
94
unemployment
-
-
-
653
pensions
-
-
-
26 381
total
-
-
-
107 817
Employee
48 573
-
214 281
-
other
48
-
94
-
unemployment
752
-
1 445
-
pensions
2 283
-
4 382
-
income
10 145
-
76 396
-
total
13 228
-
82 317
-
Employer
48 573
-
214 281
-
pensions
11 463
-
22 000
-
accident
962
-
1 846
-
unemployment
2 672
-
5 126
-
other
389
-
746
-
total
15 486
-
29 718
-
Corporate
179 941
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.

26 991
36 599
-
-
total
26 991
36 599
-
-
Dividends
152 949
207 401
-
-
withholding
33 042
45 564
-
-
total
33 042
45 564
-
-
Income
244 000
244 000
244 000
244 000
Total tax
88 747
82 163
112 035
107 817
After tax
155 253
161 837
131 965
136 183
Living cost
35 346
35 346
35 346
35 346
Free-cash
119 907
126 491
96 619
100 837

Estimated living cost  is ₽35346 per week

₽25384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2748
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.
₽6716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽191295
₽190969
₽180682
₽185157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
36 600
unemployment
-
-
-
141
health
-
-
-
4 046
pensions

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

-
-
-
5 206
total
-
-
-
45 993
Employee
22 941
-
237 098
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
pensions

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

2 014
-
3 089
-
income
2 294
-
23 710
-
health
1 055
-
1 618
-
total
5 615
-
28 804
-
Employer
22 941
-
237 098
-
health
1 583
-
2 427
-
pensions

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

2 528
-
3 877
-
accident

We are using the highest rate at 1.1%.

252
-
387
-
unemployment
138
-
211
-
total
4 501
-
6 902
-
Corporate
216 558
244 000
-
-
income
21 656
24 400
-
-
total
21 656
24 400
-
-
Dividends
194 903
219 600
-
-
withholding
9 746
10 980
-
-
total
9 746
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
41 518
35 380
35 706
45 993
After tax
202 482
208 620
208 294
198 007
Living cost
17 325
17 325
17 325
17 325
Free-cash
185 157
191 295
190 969
180 682

Estimated living cost  is ₽17325 per week

₽11459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽413
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86635
₽110909
₽82605
₽99792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
82 835
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.

-
-
-
4 556
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.

-
-
-
6 871
trade
-
-
-
28 304
total
-
-
-
122 566
Employee

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

50 042
-
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
-
4 556
-
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.

4 115
-
82 835
-
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.

6 871
-
6 871
-
total
11 213
-
94 262
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
193 958
244 000
-
-
income
29 095
36 599
-
-
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.

1 599
2 014
-
-
chamber of commerce
437
510
-
-
trade
27 833
35 013
-
-
total
58 964
74 136
-
-
Dividends
134 994
169 864
-
-
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.

1 836
2 315
-
-
withholding
33 366
42 085
-
-
total
35 202
44 400
-
-
Income
244 000
244 000
244 000
244 000
Total tax
105 379
118 536
94 262
122 566
After tax
138 621
125 464
149 738
121 434
Living cost
38 829
38 829
38 829
38 829
Free-cash
99 792
86 635
110 909
82 605

Estimated living cost  is ₽38829 per week

₽26785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽563
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113508
₽63476
₽63476
₽115729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
80 976
social contributions
-
-
-
42 256
total
-
-
-
123 232
Employee
78 672
-
244 000
-
income
14 845
-
80 976
-
social contributions
6 536
-
42 256
-
total
21 381
-
123 232
-
Employer
78 672
-
244 000
-
total
-
-
-
-
Corporate
165 328
244 000
-
-
income
20 666
30 499
-
-
total
20 666
30 499
-
-
Dividends
144 662
213 501
-
-
withholding
28 932
42 701
-
-
total
28 932
42 701
-
-
Income
244 000
244 000
244 000
244 000
Total tax
70 979
73 200
123 232
123 232
After tax
173 021
170 800
120 768
120 768
Living cost
57 292
57 292
57 292
57 292
Free-cash
115 729
113 508
63 476
63 476

Estimated living cost  is ₽57292 per week

₽43587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽548
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116777
₽132902
₽164815
₽120292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
36 599
health

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

-
-
-
6 077
total
-
-
-
42 676
Employee
46 138
-
239 374
-
income
5 006
-
65 337
-
social contributions
4 623
-
4 626
-
total
9 629
-
69 963
-
Employer
46 138
-
239 374
-
social contributions
4 623
-
4 626
-
total
4 623
-
4 626
-
Corporate
193 240
244 000
-
-
income
67 633
85 400
-
-
total
67 633
85 400
-
-
Dividends
125 607
158 600
-
-
social contributions
5 314
5 314
-
-
total
5 314
5 314
-
-
Income
244 000
244 000
244 000
244 000
Total tax
87 199
90 714
74 589
42 676
After tax
156 801
153 286
169 411
201 324
Living cost
36 509
36 509
36 509
36 509
Free-cash
120 292
116 777
132 902
164 815

Estimated living cost  is ₽36509 per week

₽24048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115264
₽97861
₽119568
₽121184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
244 000
income
-
-
-
76 946
pensions
-
-
-
10 353
total
-
-
-
87 299
Employee
50 971
-
212 518
-
pensions
3 890
-
12 237
-
income
9 282
-
62 474
-
health
665
-
2 816
-
total
13 837
-
77 527
-
Employer
50 971
-
212 518
-
health
969
-
4 038
-
pensions
5 150
-
27 441
-
total
6 119
-
31 479
-
Corporate
186 911
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.

35 513
46 360
-
-
total
35 513
46 360
-
-
Dividends
151 398
197 640
-
-
withholding
30 214
45 243
-
-
total
30 214
45 243
-
-
Income
244 000
244 000
244 000
244 000
Total tax
85 683
91 603
109 006
87 299
After tax
158 317
152 397
134 994
156 701
Living cost
37 133
37 133
37 133
37 133
Free-cash
121 184
115 264
97 861
119 568

Estimated living cost  is ₽37133 per week

₽25473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽4491
₽110551
₽142312
₽16043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
257
income
-
-
-
70 342
other
-
-
-
377
health
-
-
-
2 221
pensions
-
-
-
4 236
total
-
-
-
77 433
Employee
38 154
-
223 571
-
pensions
4 296
-
7 768
-
income
5 234
-
55 397
-
health
4 368
-
25 599
-
total
13 898
-
88 764
-
Employer
38 154
-
223 571
-
pensions
6 204
-
11 218
-
accident
637
-
3 734
-
unemployment
935
-
5 478
-
total
7 776
-
20 430
-
Corporate
198 071
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.

178 264
219 600
-
-
total
178 264
219 600
-
-
Dividends
19 807
24 400
-
-
withholding
3 764
4 636
-
-
total
3 764
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
203 702
224 236
109 194
77 433
After tax
40 298
19 764
134 806
166 567
Living cost
24 255
24 255
24 255
24 255
Free-cash
16 043
-4 491
110 551
142 312

Estimated living cost  is ₽24255 per week

₽17800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽173071
₽167050
₽144929
₽170027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
41 240
unemployment
-
-
-
1 931
work injury
-
-
-
804
health insurance
-
-
-
11 905
pensions
-
-
-
29 602
total
-
-
-
85 482
Employee

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

21 742
-
244 000
-
health insurance
1 609
-
5 953
-
unemployment
261
-
965
-
work injury
109
-
402
-
pensions
4 000
-
14 801
-
income
2 174
-
41 240
-
total
8 153
-
63 361
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
222 258
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%.

22 226
24 400
-
-
total
22 226
24 400
-
-
Dividends
200 033
219 600
-
-
withholding
30 005
32 940
-
-
total
30 005
32 940
-
-
Income
244 000
244 000
244 000
244 000
Total tax
60 384
57 340
63 361
85 482
After tax
183 616
186 660
180 639
158 518
Living cost
13 589
13 589
13 589
13 589
Free-cash
170 027
173 071
167 050
144 929

Estimated living cost  is ₽13589 per week

₽8418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88455
₽67241
₽75501
₽83879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50 337
regional
-
-
-
6 112
municipal
-
-
-
1 743
national
-
-
-
70 240
total
-
-
-
128 432
Employee
84 751
-
244 000
-
municipal
506
-
1 601
-
national
14 322
-
63 507
-
regional
1 280
-
5 591
-
social contributions
28 577
-
65 993
-
total
44 685
-
136 692
-
Employer
84 751
-
244 000
-
total
-
-
-
-
Corporate
159 249
244 000
-
-
municipal
7 676
11 761
-
-
nationa
38 220
58 560
-
-
total
45 896
70 321
-
-
Dividends
113 353
173 680
-
-
withholding
29 473
45 157
-
-
total
29 473
45 157
-
-
Income
244 000
244 000
244 000
244 000
Total tax
120 054
115 478
136 692
128 432
After tax
123 946
128 522
107 308
115 568
Living cost
40 067
40 067
40 067
40 067
Free-cash
83 879
88 455
67 241
75 501

Estimated living cost  is ₽40067 per week

₽28144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2756
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.
₽8560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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