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
₽92390
₽103551
₽88179
₽119219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
31 040
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.

-
-
-
82 768
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.

-
-
-
6 894
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.

-
-
-
4 552
total
-
-
-
125 254
Employee

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

38 599
-
244 000
-
health

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

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

6 894
-
6 894
-
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
-
4 552
-
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.

1 078
-
82 768
-
total
8 031
-
94 214
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
205 401
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.

1 695
2 013
-
-
income
30 810
36 599
-
-
trade
32 352
38 430
-
-
chamber of commerce
448
504
-
-
total
65 305
77 546
-
-
Dividends
140 097
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.

1 906
2 267
-
-
withholding
34 640
41 230
-
-
total
36 546
43 497
-
-
Income
244 000
244 000
244 000
244 000
Total tax
109 882
121 043
94 214
125 254
After tax
134 118
122 957
149 786
118 746
Living cost
30 567
30 567
30 567
30 567
Free-cash
103 551
92 390
119 219
88 179

Estimated living cost  is ₽30567 per week

₽19227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101262
₽100414
₽86721
₽88030
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
27 203
pensions
-
-
-
29 280
national
-
-
-
47 179
social contributions
-
-
-
2 623
total
-
-
-
106 285
Employee
79 050
-
210 936
-
municipal
9 764
-
28 148
-
pensions
3 162
-
8 437
-
national
15 130
-
49 248
-
total
28 056
-
85 833
-
Employer
79 050
-
210 936
-
social contributions
850
-
2 268
-
pensions
6 324
-
16 875
-
total
7 174
-
19 143
-
Corporate
152 559
244 000
-
-
income

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

30 512
48 800
-
-
total
30 512
48 800
-
-
Dividends
122 047
195 200
-
-
withholding
26 850
42 944
-
-
total
26 850
42 944
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 592
91 744
104 976
106 285
After tax
151 408
152 256
139 024
137 715
Living cost
50 994
50 994
50 994
50 994
Free-cash
100 414
101 262
88 030
86 721

Estimated living cost  is ₽50994 per week

₽34660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽763
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽174205
₽165928
₽68896
₽85983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
53 224
surtax
-
-
-
62 219
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.

-
-
-
38 666
total
-
-
-
154 109
Employee
29 488
-
193 717
-
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.

3 244
-
13 229
-
surtax
-
-
28 089
-
income
5 249
-
45 422
-
total
8 493
-
86 740
-
Employer
29 488
-
193 717
-
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.

7 103
-
28 973
-
surtax
-
-
21 309
-
total
7 103
-
50 282
-
Corporate
207 409
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%.

41 481
48 800
-
-
total
41 481
48 800
-
-
Dividends

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

165 928
195 200
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
57 077
48 800
137 022
154 109
After tax
186 923
195 200
106 978
89 891
Living cost
20 995
20 995
20 995
20 995
Free-cash
165 928
174 205
85 983
68 896

Estimated living cost  is ₽20995 per week

₽13394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽79514
₽73332
₽87823
₽113744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 633
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
113 901
Employee
86 179
86 179
225 246
-
health
13 228
11 251
12 444
-
income

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

14 106
14 106
44 958
-
pensions
15 512
11 824
11 824
-
total
42 846
37 181
69 226
-
Employer
86 179
86 179
225 246
-
unemployment
3 102
3 102
3 855
-
pensions
5 998
5 998
7 455
-
health
5 990
5 990
7 444
-
total
15 090
15 090
18 754
-
Corporate
143 787
142 730
-
-
income
28 757
28 546
-
-
total
28 757
28 546
-
-
Dividends
115 030
114 184
-
-
income
24 444
24 264
-
-
withholding
17 255
17 129
-
-
total
41 699
41 393
-
-
Income
244 000
244 000
244 000
244 000
Total tax
128 392
122 210
87 980
113 901
After tax
115 608
121 790
156 020
130 099
Living cost
42 276
42 276
42 276
42 276
Free-cash
73 332
79 514
113 744
87 823

Estimated living cost  is ₽42276 per week

₽29960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽672
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽94234
₽93358
₽81868
₽80923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
65 379
accident
-
-
-
171
pensions
-
-
-
9 237
other
-
-
-
9 930
unemployment
-
-
-
86
health
-
-
-
5 332
national
-
-
-
33 007
total
-
-
-
123 142
Employee
55 558
-
217 151
-
municipal
16 567
-
64 754
-
national
-
-
32 484
-
total
16 567
-
97 238
-
Employer
55 558
-
217 151
-
accident
111
-
171
-
other
6 456
-
9 930
-
unemployment
1 467
-
2 256
-
pensions
6 006
-
9 237
-
health
3 417
-
5 255
-
total
17 457
-
26 849
-
Corporate
170 986
244 000
-
-
income
37 617
53 680
-
-
total
37 617
53 680
-
-
Dividends
133 369
190 320
-
-
withholding
40 011
57 096
-
-
total
40 011
57 096
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 652
110 776
124 087
123 142
After tax
132 348
133 224
119 913
120 858
Living cost
38 990
38 990
38 990
38 990
Free-cash
93 358
94 234
80 923
81 868

Estimated living cost  is ₽38990 per week

₽25841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽82057
₽96236
₽77721
₽110142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
32 421
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.

-
-
-
82 768
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.

-
-
-
6 894
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.

-
-
-
4 552
total
-
-
-
126 635
Employee

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

51 177
-
244 000
-
health

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

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

6 894
-
6 894
-
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.

241
-
4 552
-
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.

4 397
-
82 768
-
total
11 532
-
94 214
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
192 823
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.

1 591
2 013
-
-
income
28 924
36 599
-
-
trade
31 720
40 138
-
-
chamber of commerce
427
500
-
-
total
62 662
79 250
-
-
Dividends
130 161
164 750
-
-
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.

1 770
2 244
-
-
withholding
32 156
40 805
-
-
total
33 926
43 049
-
-
Income
244 000
244 000
244 000
244 000
Total tax
108 120
122 299
94 214
126 635
After tax
135 880
121 701
149 786
117 365
Living cost
39 644
39 644
39 644
39 644
Free-cash
96 236
82 057
110 142
77 721

Estimated living cost  is ₽39644 per week

₽26514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145055
₽140866
₽130725
₽128758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 993
health
-
-
-
6 222
social contributions
-
-
-
16 328
total
-
-
-
80 543
Employee
77 600
77 600
231 039
-
social contributions
3 771
6 440
8 687
-
health
772
1 319
3 928
-
income
8 149
7 183
56 934
-
total
12 692
14 942
69 549
-
Employer
77 600
77 600
231 039
-
social contributions
3 771
6 440
8 687
-
health
841
1 436
4 274
-
total
4 612
7 876
12 961
-
Corporate
193 965
158 523
-
-
income
24 245
19 815
-
-
total
24 245
19 815
-
-
Dividends
169 720
138 708
-
-
withholding
28 853
23 580
-
-
total
28 853
23 580
-
-
Income
244 000
244 000
244 000
244 000
Total tax
70 402
66 213
82 510
80 543
After tax
173 598
177 787
161 490
163 457
Living cost
32 732
32 732
32 732
32 732
Free-cash
140 866
145 055
128 758
130 725

Estimated living cost  is ₽32732 per week

₽22376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽118591
₽118972
₽150694
₽123111
S + D Salary + Dividends

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

Dividends

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

Salary

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

26 470
10 535
204 184
-
health
1 853
737
14 293
-
income
3 236
1 288
24 962
-
pensions
2 647
1 053
20 418
-
unemployment
397
158
3 063
-
total
8 133
3 236
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.

26 470
10 535
204 184
-
pensions
5 162
2 054
39 816
-
total
5 162
2 054
39 816
-
Corporate
212 369
231 411
-
-
income
19 113
20 827
-
-
total
19 113
20 827
-
-
Dividends
193 256
210 584
-
-
social contributions
37 564
40 944
-
-
withholding
36 719
40 011
-
-
total
74 283
80 955
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 691
107 072
102 552
74 969
After tax
137 309
136 928
141 448
169 031
Living cost
18 337
18 337
18 337
18 337
Free-cash
118 972
118 591
123 111
150 694

Estimated living cost  is ₽18337 per week

₽12513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽170825
₽164556
₽106411
₽116262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
48 798
health
-
-
-
31 720
total
-
-
-
113 214
Employee
28 629
-
182 361
-
income
3 223
-
35 159
-
pensions
573
-
3 646
-
unemployment
458
-
2 919
-
total
4 254
-
41 724
-
Employer
28 629
-
182 361
-
unemployment
230
-
1 459
-
pensions
5 726
-
36 473
-
health
3 721
-
23 707
-
total
9 677
-
61 639
-
Corporate
205 695
244 000
-
-
income
41 138
48 800
-
-
total
41 138
48 800
-
-
Dividends
164 557
195 200
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
55 069
48 800
103 363
113 214
After tax
188 931
195 200
140 637
130 786
Living cost
24 375
24 375
24 375
24 375
Free-cash
164 556
170 825
116 262
106 411

Estimated living cost  is ₽24375 per week

₽16719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2305
₽16378
₽144487
₽112832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
253
income
-
-
-
70 457
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 444
Employee
34 715
-
223 731
-
health
3 975
-
25 617
-
income
4 763
-
55 560
-
pensions
3 909
-
7 653
-
total
12 647
-
88 830
-
Employer
34 715
-
223 731
-
accident
580
-
3 736
-
unemployment
850
-
5 481
-
pensions
5 645
-
11 052
-
total
7 075
-
20 269
-
Corporate
202 210
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.

181 989
219 600
-
-
total
181 989
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
205 553
224 236
109 099
77 444
After tax
38 447
19 764
134 901
166 556
Living cost
22 069
22 069
22 069
22 069
Free-cash
16 378
-2 305
112 832
144 487

Estimated living cost  is ₽22069 per week

₽16174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽222721
₽221020
₽232481
₽186121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
11 349
-
244 000
-
income
2 269
-
48 800
-
total
2 269
-
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%.

232 651
244 000
-
-
total
-
-
-
-
Dividends
232 651
244 000
-
-
withholding
11 632
12 200
-
-
total
11 632
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
13 901
12 200
48 800
2 440
After tax
230 099
231 800
195 200
241 560
Living cost
9 079
9 079
9 079
9 079
Free-cash
221 020
222 721
186 121
232 481

Estimated living cost  is ₽9079 per week

₽5627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽755
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽152376
₽145563
₽122226
₽120250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
44 011
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.

-
-
-
36 831
other
-
-
-
7 289
health
-
-
-
6 753
total
-
-
-
94 884
Employee
36 642
-
204 917
-
health
513
-
2 149
-
income
6 308
-
43 352
-
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.

2 564
-
10 742
-
unemployment
366
-
1 534
-
total
9 751
-
57 777
-
Employer
36 642
-
204 917
-
accident
293
-
1 639
-
other
1 833
-
7 672
-
unemployment
366
-
1 534
-
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.

6 230
-
26 089
-
health
513
-
2 149
-
total
9 235
-
39 083
-
Corporate
198 124
244 000
-
-
income
41 605
51 240
-
-
total
41 605
51 240
-
-
Dividends
156 518
192 760
-
-
withholding
10 956
13 494
-
-
total
10 956
13 494
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 547
64 734
96 860
94 884
After tax
172 453
179 266
147 140
149 116
Living cost
26 890
26 890
26 890
26 890
Free-cash
145 563
152 376
120 250
122 226

Estimated living cost  is ₽26890 per week

₽19000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84915
₽93071
₽89146
₽67423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 704
pensions
-
-
-
10 423
total
-
-
-
87 127
Employee
95 823
-
212 540
-
health
1 579
-
2 826
-
income
17 273
-
62 224
-
pensions
9 244
-
12 340
-
total
28 096
-
77 390
-
Employer
95 823
-
212 540
-
pensions
11 314
-
27 421
-
health
1 820
-
4 039
-
total
13 134
-
31 460
-
Corporate
135 043
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.

25 659
46 360
-
-
total
25 659
46 360
-
-
Dividends
109 384
197 640
-
-
withholding
16 313
44 998
-
-
total
16 313
44 998
-
-
Income
244 000
244 000
244 000
244 000
Total tax
83 202
91 358
108 850
87 127
After tax
160 798
152 642
135 150
156 873
Living cost
67 727
67 727
67 727
67 727
Free-cash
93 071
84 915
67 423
89 146

Estimated living cost  is ₽67727 per week

₽50749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽195381
₽190690
₽184744
₽195025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
5 220
unemployment
-
-
-
141
health
-
-
-
4 056
total
-
-
-
46 017
Employee
17 531
-
237 080
-
health
806
-
1 622
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
income
1 753
-
23 708
-
pensions

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

1 539
-
3 097
-
total
4 291
-
28 815
-
Employer
17 531
-
237 080
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
unemployment
105
-
212
-
pensions

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

1 932
-
3 887
-
health
1 210
-
2 434
-
total
3 440
-
6 921
-
Corporate
223 029
244 000
-
-
income
22 303
24 400
-
-
total
22 303
24 400
-
-
Dividends
200 726
219 600
-
-
withholding
10 037
10 980
-
-
total
10 037
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
40 071
35 380
35 736
46 017
After tax
203 929
208 620
208 264
197 983
Living cost
13 239
13 239
13 239
13 239
Free-cash
190 690
195 381
195 025
184 744

Estimated living cost  is ₽13239 per week

₽7729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽351
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽65830
₽68368
₽74139
₽100060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89 633
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
113 901
Employee
93 563
86 179
225 246
-
health
11 672
11 251
12 444
-
income

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

14 106
14 106
44 958
-
pensions
11 824
11 824
11 824
-
total
37 602
37 181
69 226
-
Employer
93 563
86 179
225 246
-
unemployment
3 369
3 102
3 855
-
pensions
6 511
5 998
7 455
-
health
6 502
5 990
7 444
-
total
16 382
15 090
18 754
-
Corporate
134 056
142 730
-
-
income
26 811
28 546
-
-
total
26 811
28 546
-
-
Dividends
107 244
114 184
-
-
income
22 790
24 264
-
-
withholding
16 087
17 129
-
-
total
38 877
41 393
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 672
122 210
87 980
113 901
After tax
124 328
121 790
156 020
130 099
Living cost
55 960
55 960
55 960
55 960
Free-cash
68 368
65 830
100 060
74 139

Estimated living cost  is ₽55960 per week

₽41280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽642
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽143824
₽135202
₽121667
₽110731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 442
health
-
-
-
32 940
solidarity contribution
-
-
-
4 002
social contributions
-
-
-
34 779
total
-
-
-
98 163
Employee
35 544
-
196 535
-
social contributions
2 310
-
7 742
-
health
4 798
-
26 532
-
solidarity contribution
-
-
3 021
-
income
4 265
-
24 339
-
total
11 373
-
61 634
-
Employer
35 544
-
196 535
-
social contributions
8 886
-
29 777
-
health
3 199
-
17 688
-
total
12 085
-
47 465
-
Corporate
196 371
244 000
-
-
income
37 311
46 360
-
-
total
37 311
46 360
-
-
Dividends
159 061
197 640
-
-
withholding
23 859
29 646
-
-
total
23 859
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 628
76 006
109 099
98 163
After tax
159 372
167 994
134 901
145 837
Living cost
24 170
24 170
24 170
24 170
Free-cash
135 202
143 824
110 731
121 667

Estimated living cost  is ₽24170 per week

₽16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
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.
₽5186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽87601
₽82334
₽76074
₽67518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
1 547
regional
-
-
-
3 166
national
-
-
-
70 121
social contributions
-
-
-
50 509
total
-
-
-
125 343
Employee
89 689
-
244 000
-
social contributions
30 243
-
66 218
-
regional
846
-
2 892
-
municipal
475
-
1 423
-
national
15 541
-
63 366
-
total
47 105
-
133 899
-
Employer
89 689
-
244 000
-
total
-
-
-
-
Corporate
154 311
244 000
-
-
nationa
37 034
58 560
-
-
municipal
6 017
9 516
-
-
total
43 051
68 076
-
-
Dividends
111 260
175 924
-
-
withholding
28 927
45 740
-
-
total
28 927
45 740
-
-
Income
244 000
244 000
244 000
244 000
Total tax
119 083
113 816
133 899
125 343
After tax
124 917
130 184
110 101
118 657
Living cost
42 583
42 583
42 583
42 583
Free-cash
82 334
87 601
67 518
76 074

Estimated living cost  is ₽42583 per week

₽29684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽653
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽131207
₽128066
₽92318
₽86151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 101
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 582
total
-
-
-
129 413
Employee
33 373
-
215 649
-
other
-
-
-
-
health
852
-
3 434
-
surtax
109
-
12 373
-
income
5 594
-
73 064
-
pensions
2 225
-
8 984
-
unemployment
2 323
-
9 374
-
total
11 103
-
107 229
-
Employer
33 373
-
215 649
-
other
-
-
-
-
unemployment
1 057
-
4 269
-
pensions
4 449
-
17 954
-
health
1 519
-
6 128
-
total
7 025
-
28 351
-
Corporate
203 603
244 000
-
-
income
52 937
63 439
-
-
total
52 937
63 439
-
-
Dividends
150 666
180 561
-
-
withholding
22 600
27 085
-
-
total
22 600
27 085
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 665
90 524
135 580
129 413
After tax
150 335
153 476
108 420
114 587
Living cost
22 269
22 269
22 269
22 269
Free-cash
128 066
131 207
86 151
92 318

Estimated living cost  is ₽22269 per week

₽13616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽106373
₽113063
₽110604
₽88881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 704
pensions
-
-
-
10 423
total
-
-
-
87 127
Employee
64 218
-
212 540
-
health
932
-
2 826
-
income
11 566
-
62 224
-
pensions
5 451
-
12 340
-
total
17 949
-
77 390
-
Employer
64 218
-
212 540
-
pensions
6 952
-
27 421
-
health
1 220
-
4 039
-
total
8 172
-
31 460
-
Corporate
171 610
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.

32 606
46 360
-
-
total
32 606
46 360
-
-
Dividends
139 004
197 640
-
-
withholding
25 941
44 998
-
-
total
25 941
44 998
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 668
91 358
108 850
87 127
After tax
159 332
152 642
135 150
156 873
Living cost
46 269
46 269
46 269
46 269
Free-cash
113 063
106 373
88 881
110 604

Estimated living cost  is ₽46269 per week

₽34665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽35301
₽67935
₽115773
₽108077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
2 572
pensions
-
-
-
22 448
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.

-
-
-
4 880
regional
-
-
-
14 250
health
-
-
-
549
national
-
-
-
7 255
total
-
-
-
51 954
Employee
89 259
-
220 097
-
city
958
-
2 388
-
regional
2 923
-
12 757
-
health
202
-
496
-
pensions
7 499
-
16 585
-
unemployment
-
-
-
-
national
422
-
5 941
-
total
12 004
-
38 167
-
Employer
89 259
-
220 097
-
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.

1 785
-
4 402
-
unemployment
-
-
-
-
pensions
7 499
-
16 585
-
health
202
-
496
-
total
9 486
-
21 483
-
Corporate
144 275
244 000
-
-
regional
30 515
51 607
-
-
national
12 263
20 740
-
-
total
42 778
72 347
-
-
Dividends
101 497
171 654
-
-
withholding
35 524
60 079
-
-
total
35 524
60 079
-
-
Income
244 000
244 000
244 000
244 000
Total tax
99 792
132 426
59 650
51 954
After tax
144 208
111 574
184 350
192 046
Living cost
76 273
76 273
76 273
76 273
Free-cash
67 935
35 301
108 077
115 773

Estimated living cost  is ₽76273 per week

₽49599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽936
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽74214
₽90579
₽69756
₽103555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
33 799
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.

-
-
-
82 768
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.

-
-
-
6 894
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.

-
-
-
4 552
total
-
-
-
128 013
Employee

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

60 649
-
244 000
-
health

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

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

6 894
-
6 894
-
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.

393
-
4 552
-
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.

7 132
-
82 768
-
total
14 419
-
94 214
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
183 351
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.

1 513
2 013
-
-
income
27 503
36 599
-
-
trade
31 444
41 847
-
-
chamber of commerce
412
496
-
-
total
60 872
80 955
-
-
Dividends
122 480
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.

1 662
2 222
-
-
withholding
30 237
40 378
-
-
total
31 899
42 600
-
-
Income
244 000
244 000
244 000
244 000
Total tax
107 190
123 555
94 214
128 013
After tax
136 810
120 445
149 786
115 987
Living cost
46 230
46 230
46 230
46 230
Free-cash
90 579
74 214
103 555
69 756

Estimated living cost  is ₽46230 per week

₽33765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88447
₽94413
₽97523
₽89295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 855
pensions
-
-
-
37 193
other
-
-
-
7 565
health
-
-
-
12 385
surtax
-
-
-
-
social contributions
-
-
-
6 952
total
-
-
-
111 950
Employee
43 191
-
185 373
-
social contributions
1 231
-
5 282
-
surtax
-
-
-
-
income
2 549
-
41 940
-
pensions
4 883
-
14 329
-
total
8 663
-
61 551
-
Employer
43 191
-
185 373
-
other
1 490
-
7 845
-
social contributions
130
-
555
-
unemployment
1 748
-
7 507
-
pensions
7 095
-
23 865
-
health
3 024
-
18 855
-
total
13 487
-
58 627
-
Corporate
187 321
244 000
-
-
surtax
-
-
-
-
income
52 450
68 321
-
-
total
52 450
68 321
-
-
Dividends
134 871
175 679
-
-
surtax
-
-
-
-
social contributions
23 197
30 218
-
-
withholding
17 263
22 487
-
-
total
40 460
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 060
121 026
120 178
111 950
After tax
128 940
122 974
123 822
132 050
Living cost
34 527
34 527
34 527
34 527
Free-cash
94 413
88 447
89 295
97 523

Estimated living cost  is ₽34527 per week

₽21771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2808
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.
₽9363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽91868
₽97475
₽100944
₽92716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 855
pensions
-
-
-
37 193
other
-
-
-
7 565
health
-
-
-
12 385
surtax
-
-
-
-
social contributions
-
-
-
6 952
total
-
-
-
111 950
Employee
38 554
-
185 373
-
social contributions
1 099
-
5 282
-
surtax
-
-
-
-
income
1 988
-
41 940
-
pensions
4 361
-
14 329
-
total
7 448
-
61 551
-
Employer
38 554
-
185 373
-
other
1 331
-
7 845
-
social contributions
115
-
555
-
unemployment
1 561
-
7 507
-
pensions
6 335
-
23 865
-
health
2 698
-
18 855
-
total
12 040
-
58 627
-
Corporate
193 406
244 000
-
-
surtax
-
-
-
-
income
54 153
68 321
-
-
total
54 153
68 321
-
-
Dividends
139 253
175 679
-
-
surtax
-
-
-
-
social contributions
23 954
30 218
-
-
withholding
17 824
22 487
-
-
total
41 778
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
115 419
121 026
120 178
111 950
After tax
128 581
122 974
123 822
132 050
Living cost
31 106
31 106
31 106
31 106
Free-cash
97 475
91 868
92 716
100 944

Estimated living cost  is ₽31106 per week

₽18040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3160
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.
₽9317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽127463
₽127985
₽135300
₽128321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
17 031
social contributions
-
-
-
33 671
total
-
-
-
87 301
Employee
34 217
-
244 000
-
social contributions
4 723
-
33 671
-
health
2 388
-
17 031
-
income
5 707
-
43 578
-
total
12 818
-
94 280
-
Employer
34 217
-
244 000
-
total
-
-
-
-
Corporate
209 783
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%.

10 489
12 199
-
-
total
10 489
12 199
-
-
Dividends
199 294
231 801
-
-
health
13 911
16 181
-
-
social contributions
27 503
31 988
-
-
withholding
29 895
34 770
-
-
total
71 309
82 939
-
-
Income
244 000
244 000
244 000
244 000
Total tax
94 616
95 138
94 280
87 301
After tax
149 384
148 862
149 720
156 699
Living cost
21 399
21 399
21 399
21 399
Free-cash
127 985
127 463
128 321
135 300

Estimated living cost  is ₽21399 per week

₽14321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1319
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.
₽5265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽98813
₽97254
₽89161
₽28034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
977
income
-
-
-
81 085
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
199
total
-
-
-
119 280
Employee
50 434
40 217
203 613
-
other
504
402
1 180
-
health
1 951
1 557
4 562
-
income
5 741
2 966
68 725
-
pensions
5 165
4 117
12 073
-
unemployment
1 513
1 207
3 537
-
total
14 874
10 249
90 077
-
Employer
50 434
40 217
203 613
-
accident
655
523
1 532
-
other
2 396
1 909
8 942
-
chamber of commerce
201
161
814
-
unemployment
1 513
1 207
3 537
-
surtax
199
199
199
-
pensions
6 329
5 048
14 796
-
payroll
1 513
1 207
6 109
-
health
1 906
1 521
4 456
-
total
14 712
11 775
40 385
-
Corporate
178 855
192 009
199 784
-
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.

44 713
48 002
49 945
-
total
44 713
48 002
49 945
-
Dividends
134 141
144 008
-
-
withholding
36 888
39 602
-
-
total
36 888
39 602
-
-
Income
244 000
244 000
244 000
244 000
Total tax
111 187
109 628
180 407
119 280
After tax
132 813
134 372
63 593
124 720
Living cost
35 559
35 559
35 559
35 559
Free-cash
97 254
98 813
28 034
89 161

Estimated living cost  is ₽35559 per week

₽23716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽96155
₽84393
₽69416
₽45410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
99 498
communal

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

-
-
-
13 130
social contributions
-
-
-
25 160
total
-
-
-
137 788
Employee

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

72 186
-
188 987
-
communal

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

3 765
-
9 857
-
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.

3 392
-
8 882
-
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.

5 414
-
14 174
-
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.

628
-
1 645
-
national
22 193
-
72 222
-
total
35 392
-
106 780
-
Employer

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

72 186
-
188 987
-
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.

938
-
2 457
-
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.

1 053
-
2 760
-
surtax
8 185
-
21 430
-
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.

6 396
-
16 744
-
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.

4 439
-
11 623
-
total
21 011
-
55 014
-
Corporate
150 801
244 000
-
-
surtax
603
1 071
-
-
income
30 161
53 525
-
-
total
30 764
54 596
-
-
Dividends
120 037
189 405
-
-
withholding

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

35 644
56 453
-
-
total
35 644
56 453
-
-
Income
244 000
244 000
244 000
244 000
Total tax
122 811
111 049
161 794
137 788
After tax
121 189
132 951
82 206
106 212
Living cost
36 796
36 796
36 796
36 796
Free-cash
84 393
96 155
45 410
69 416

Estimated living cost  is ₽36796 per week

₽23701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3217
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽125398
₽118485
₽99746
₽95511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
843
income
-
-
-
79 747
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
107 809
Employee
50 234
-
214 180
-
other
50
-
94
-
income
10 599
-
76 283
-
pensions
2 361
-
4 397
-
unemployment
779
-
1 450
-
total
13 789
-
82 224
-
Employer
50 234
-
214 180
-
accident
994
-
1 852
-
other
400
-
749
-
unemployment
2 763
-
5 144
-
pensions
11 854
-
22 075
-
total
16 011
-
29 820
-
Corporate
177 754
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.

26 664
36 599
-
-
total
26 664
36 599
-
-
Dividends
151 090
207 401
-
-
withholding
32 606
45 558
-
-
total
32 606
45 558
-
-
Income
244 000
244 000
244 000
244 000
Total tax
89 070
82 157
112 044
107 809
After tax
154 930
161 843
131 956
136 191
Living cost
36 445
36 445
36 445
36 445
Free-cash
118 485
125 398
95 511
99 746

Estimated living cost  is ₽36445 per week

₽26838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2585
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.
₽6496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽81851
₽67970
₽58887
₽68102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 022
income
-
-
-
47 859
pensions
-
-
-
35 952
health
-
-
-
16 855
surtax
-
-
-
12 163
communal
-
-
-
15 420
total
-
-
-
130 271
Employee
76 423
-
217 953
-
health
3 401
-
9 700
-
surtax
4 684
-
13 358
-
income
7 382
-
54 514
-
pensions
6 113
-
17 437
-
total
21 580
-
95 009
-
Employer
76 423
-
217 953
-
accident
688
-
1 961
-
pensions
6 113
-
17 437
-
health
2 331
-
6 649
-
total
9 132
-
26 047
-
Corporate
158 445
244 000
-
-
surtax
1 664
2 562
-
-
communal
10 696
16 470
-
-
income
23 766
36 599
-
-
total
36 126
55 631
-
-
Dividends
122 319
188 369
-
-
income
36 002
23 421
-
-
withholding
18 348
28 255
-
-
total
54 350
51 676
-
-
Income
244 000
244 000
244 000
244 000
Total tax
121 188
107 307
121 056
130 271
After tax
122 812
136 693
122 944
113 729
Living cost
54 842
54 842
54 842
54 842
Free-cash
67 970
81 851
68 102
58 887

Estimated living cost  is ₽54842 per week

₽41140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽130809
₽127600
₽91920
₽85753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 101
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 582
total
-
-
-
129 413
Employee
33 985
-
215 649
-
other
-
-
-
-
health
868
-
3 434
-
surtax
121
-
12 373
-
income
5 697
-
73 064
-
pensions
2 267
-
8 984
-
unemployment
2 365
-
9 374
-
total
11 318
-
107 229
-
Employer
33 985
-
215 649
-
other
-
-
-
-
unemployment
1 078
-
4 269
-
pensions
4 531
-
17 954
-
health
1 545
-
6 128
-
total
7 154
-
28 351
-
Corporate
202 860
244 000
-
-
income
52 743
63 439
-
-
total
52 743
63 439
-
-
Dividends
150 117
180 561
-
-
withholding
22 518
27 085
-
-
total
22 518
27 085
-
-
Income
244 000
244 000
244 000
244 000
Total tax
93 733
90 524
135 580
129 413
After tax
150 267
153 476
108 420
114 587
Living cost
22 667
22 667
22 667
22 667
Free-cash
127 600
130 809
85 753
91 920

Estimated living cost  is ₽22667 per week

₽13685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽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.
₽6486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽101067
₽98827
₽90709
₽82199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
1 547
regional
-
-
-
3 929
national
-
-
-
70 121
social contributions
-
-
-
50 509
total
-
-
-
126 106
Employee
55 980
-
244 000
-
social contributions
18 877
-
66 218
-
regional
754
-
3 609
-
municipal
297
-
1 423
-
national
8 869
-
63 366
-
total
28 797
-
134 616
-
Employer
55 980
-
244 000
-
total
-
-
-
-
Corporate
188 020
244 000
-
-
nationa
45 125
58 560
-
-
municipal
9 344
12 126
-
-
total
54 469
70 686
-
-
Dividends
133 551
173 314
-
-
withholding
34 722
45 062
-
-
total
34 722
45 062
-
-
Income
244 000
244 000
244 000
244 000
Total tax
117 988
115 748
134 616
126 106
After tax
126 012
128 252
109 384
117 894
Living cost
27 185
27 185
27 185
27 185
Free-cash
98 827
101 067
82 199
90 709

Estimated living cost  is ₽27185 per week

₽16906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2754
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.
₽7059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽138211
₽127585
₽116054
₽105118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 442
health
-
-
-
32 940
solidarity contribution
-
-
-
4 002
social contributions
-
-
-
34 779
total
-
-
-
98 163
Employee
43 799
-
196 535
-
social contributions
2 847
-
7 742
-
health
5 913
-
26 532
-
solidarity contribution
-
-
3 021
-
income
5 256
-
24 339
-
total
14 016
-
61 634
-
Employer
43 799
-
196 535
-
social contributions
10 950
-
29 777
-
health
3 942
-
17 688
-
total
14 892
-
47 465
-
Corporate
185 309
244 000
-
-
income
35 209
46 360
-
-
total
35 209
46 360
-
-
Dividends
150 100
197 640
-
-
withholding
22 515
29 646
-
-
total
22 515
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 632
76 006
109 099
98 163
After tax
157 368
167 994
134 901
145 837
Living cost
29 783
29 783
29 783
29 783
Free-cash
127 585
138 211
105 118
116 054

Estimated living cost  is ₽29783 per week

₽22149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1650
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.
₽5469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102286
₽101787
₽92723
₽31443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
977
income
-
-
-
81 085
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
-
total
-
-
-
119 081
Employee
44 114
40 217
203 798
-
other
440
402
1 180
-
health
1 706
1 557
4 562
-
income
3 930
2 966
68 817
-
pensions
4 518
4 117
12 073
-
unemployment
1 323
1 207
3 537
-
total
11 917
10 249
90 169
-
Employer
44 114
40 217
203 798
-
accident
573
523
1 532
-
other
2 095
1 909
8 949
-
chamber of commerce
176
161
816
-
unemployment
1 323
1 207
3 537
-
surtax
-
-
-
-
pensions
5 537
5 048
14 796
-
payroll
1 323
1 207
6 115
-
health
1 668
1 521
4 456
-
total
12 695
11 576
40 201
-
Corporate
187 191
192 208
199 968
-
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.

46 797
48 051
49 991
-
total
46 797
48 051
49 991
-
Dividends
140 394
144 157
-
-
withholding
38 608
39 642
-
-
total
38 608
39 642
-
-
Income
244 000
244 000
244 000
244 000
Total tax
110 017
109 518
180 361
119 081
After tax
133 983
134 482
63 639
124 919
Living cost
32 196
32 196
32 196
32 196
Free-cash
101 787
102 286
31 443
92 723

Estimated living cost  is ₽32196 per week

₽19314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3288
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽217651
₽214999
₽227411
₽181051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 686
-
244 000
-
income
3 537
-
48 800
-
total
3 537
-
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%.

226 314
244 000
-
-
total
-
-
-
-
Dividends
226 314
244 000
-
-
withholding
11 315
12 200
-
-
total
11 315
12 200
-
-
Income
244 000
244 000
244 000
244 000
Total tax
14 852
12 200
48 800
2 440
After tax
229 148
231 800
195 200
241 560
Living cost
14 149
14 149
14 149
14 149
Free-cash
214 999
217 651
181 051
227 411

Estimated living cost  is ₽14149 per week

₽9574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽140926
₽132486
₽84423
₽79123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
63 574
pensions
-
-
-
44 560
unemployment
-
-
-
366
health
-
-
-
24 009
total
-
-
-
132 509
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.

44 626
-
211 128
-
health
2 882
-
13 639
-
income
7 696
-
58 277
-
pensions
6 917
-
32 725
-
unemployment
63
-
295
-
total
17 558
-
104 936
-
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.

44 626
-
211 128
-
unemployment
27
-
126
-
pensions
3 949
-
18 686
-
health
2 972
-
14 061
-
total
6 948
-
32 873
-
Corporate
192 426
244 000
-
-
income
36 561
46 360
-
-
total
36 561
46 360
-
-
Dividends
155 865
197 640
-
-
withholding
23 379
29 646
-
-
total
23 379
29 646
-
-
Income
244 000
244 000
244 000
244 000
Total tax
84 446
76 006
137 809
132 509
After tax
159 554
167 994
106 191
111 491
Living cost
27 068
27 068
27 068
27 068
Free-cash
132 486
140 926
79 123
84 423

Estimated living cost  is ₽27068 per week

₽18576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1735
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.
₽6234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽104870
₽56828
₽125044
₽187133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
62 487
-
-
-
social contributions
5 124
-
730
-
income
13 783
-
-
-
total
18 907
-
730
-
Employer
62 487
-
-
-
social contributions
88 107
-
12 557
-
total
88 107
-
12 557
-
Corporate
93 406
244 000
-
-
income
20 549
53 680
-
-
total
20 549
53 680
-
-
Dividends
72 857
190 320
-
-
income
16 029
41 870
-
-
total
16 029
41 870
-
-
Income
244 000
244 000
244 000
244 000
Total tax
143 592
95 550
13 287
75 376
After tax
100 408
148 450
230 713
168 624
Living cost
43 580
43 580
43 580
43 580
Free-cash
56 828
104 870
187 133
125 044

Estimated living cost  is ₽43580 per week

₽28276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107133
₽106116
₽94769
₽75082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 787
surtax
-
-
-
-
social contributions

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

-
-
-
84 790
total
-
-
-
117 577
Employee
46 414
-
197 172
-
social contributions
5 106
-
21 688
-
surtax
-
-
557
-
income
9 654
-
68 191
-
total
14 760
-
90 436
-
Employer
46 414
-
197 172
-
social contributions
11 023
-
46 828
-
total
11 023
-
46 828
-
Corporate
186 563
244 000
-
-
surtax
-
-
-
-
income
39 179
51 240
-
-
total
39 179
51 240
-
-
Dividends
147 384
192 760
-
-
withholding
41 268
53 973
-
-
total
41 268
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
106 230
105 213
137 264
117 577
After tax
137 770
138 787
106 736
126 423
Living cost
31 654
31 654
31 654
31 654
Free-cash
106 116
107 133
75 082
94 769

Estimated living cost  is ₽31654 per week

₽23684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽74232
₽81170
₽83308
₽75080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 855
pensions
-
-
-
37 193
other
-
-
-
7 565
health
-
-
-
12 385
surtax
-
-
-
-
social contributions
-
-
-
6 952
total
-
-
-
111 950
Employee
63 206
-
185 373
-
social contributions
1 800
-
5 282
-
surtax
-
-
-
-
income
5 515
-
41 940
-
pensions
7 149
-
14 329
-
total
14 464
-
61 551
-
Employer
63 206
-
185 373
-
other
2 181
-
7 845
-
social contributions
190
-
555
-
unemployment
2 560
-
7 507
-
pensions
10 386
-
23 865
-
health
4 424
-
18 855
-
total
19 741
-
58 627
-
Corporate
161 053
244 000
-
-
surtax
-
-
-
-
income
45 095
68 321
-
-
total
45 095
68 321
-
-
Dividends
115 959
175 679
-
-
surtax
-
-
-
-
social contributions
19 946
30 218
-
-
withholding
14 842
22 487
-
-
total
34 788
52 705
-
-
Income
244 000
244 000
244 000
244 000
Total tax
114 088
121 026
120 178
111 950
After tax
129 912
122 974
123 822
132 050
Living cost
48 742
48 742
48 742
48 742
Free-cash
81 170
74 232
75 080
83 308

Estimated living cost  is ₽48742 per week

₽32987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽668
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽189265
₽185875
₽147081
₽153566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 904
social contributions
-
-
-
53 680
total
-
-
-
66 584
Employee
32 444
-
211 256
-
income
-
-
13 624
-
social contributions
2 109
-
13 731
-
total
2 109
-
27 355
-
Employer
32 444
-
211 256
-
social contributions
5 029
-
32 744
-
total
5 029
-
32 744
-
Corporate
206 527
244 000
-
-
income
20 652
24 400
-
-
total
20 652
24 400
-
-
Dividends
185 875
219 600
-
-
total
-
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
27 790
24 400
60 099
66 584
After tax
216 210
219 600
183 901
177 416
Living cost
30 335
30 335
30 335
30 335
Free-cash
185 875
189 265
153 566
147 081

Estimated living cost  is ₽30335 per week

₽19614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽24029
₽12951
₽91460
₽24029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
52 791
pensions
-
-
-
875
national
-
-
-
30 801
labour market
-
-
-
19 450
total
-
-
-
103 917
Employee
205 225
205 225
205 225
-
labour market
16 395
16 395
16 395
-
national
25 072
25 072
25 072
-
municipal
43 701
43 701
43 701
-
pensions
292
292
292
-
total
85 460
85 460
85 460
-
Employer
205 225
205 225
205 225
-
labour market
16 418
16 418
16 418
-
municipal
43 771
43 771
43 771
-
pensions
583
583
583
-
national
25 116
25 116
25 116
-
total
85 888
85 888
85 888
-
Corporate
24 029
-
-
-
income
5 286
-
-
-
total
5 286
-
-
-
Dividends
18 743
-
-
-
withholding
5 792
-
-
-
total
5 792
-
-
-
Income
244 000
244 000
244 000
244 000
Total tax
182 426
171 348
171 348
103 917
After tax
61 574
72 652
72 652
140 083
Living cost
48 623
48 623
48 623
48 623
Free-cash
12 951
24 029
24 029
91 460

Estimated living cost  is ₽48623 per week

₽33278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽1979
₽16428
₽144813
₽113158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
253
income
-
-
-
70 457
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 444
Employee
34 203
-
223 731
-
health
3 917
-
25 617
-
income
4 692
-
55 560
-
pensions
3 852
-
7 653
-
total
12 461
-
88 830
-
Employer
34 203
-
223 731
-
accident
571
-
3 736
-
unemployment
838
-
5 481
-
pensions
5 561
-
11 052
-
total
6 970
-
20 269
-
Corporate
202 826
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.

182 544
219 600
-
-
total
182 544
219 600
-
-
Dividends
20 282
24 400
-
-
withholding
3 854
4 636
-
-
total
3 854
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
205 829
224 236
109 099
77 444
After tax
38 171
19 764
134 901
166 556
Living cost
21 743
21 743
21 743
21 743
Free-cash
16 428
-1 979
113 158
144 813

Estimated living cost  is ₽21743 per week

₽15827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽109969
₽113152
₽109008
₽81059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
43 319
health
-
-
-
3 336
national
-
-
-
49 592
total
-
-
-
96 247
Employee
53 094
-
205 267
-
health
396
-
2 740
-
municipal
8 696
-
33 407
-
pensions
3 583
-
13 856
-
unemployment
797
-
3 079
-
national
877
-
32 381
-
total
14 349
-
85 463
-
Employer
53 094
-
205 267
-
accident
54
-
205
-
unemployment
345
-
1 335
-
pensions
9 212
-
35 613
-
health
408
-
1 580
-
total
10 019
-
38 733
-
Corporate
180 888
244 000
-
-
income
36 178
48 800
-
-
total
36 178
48 800
-
-
Dividends

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

108 532
146 400
-
-
national
12 021
20 134
-
-
municipal
19 536
26 352
-
-
total
31 557
46 486
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 103
95 286
124 196
96 247
After tax
151 897
148 714
119 804
147 753
Living cost
38 745
38 745
38 745
38 745
Free-cash
113 152
109 969
81 059
109 008

Estimated living cost  is ₽38745 per week

₽25308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽617
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽154422
₽148927
₽140092
₽138125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 993
health
-
-
-
6 222
social contributions
-
-
-
16 328
total
-
-
-
80 543
Employee
77 600
77 600
231 039
-
social contributions
2 934
6 440
8 687
-
health
601
1 319
3 928
-
income
8 449
7 183
56 934
-
total
11 984
14 942
69 549
-
Employer
77 600
77 600
231 039
-
social contributions
2 934
6 440
8 687
-
health
653
1 436
4 274
-
total
3 587
7 876
12 961
-
Corporate
205 063
158 523
-
-
income
25 633
19 815
-
-
total
25 633
19 815
-
-
Dividends
179 430
138 708
-
-
withholding
30 504
23 580
-
-
total
30 504
23 580
-
-
Income
244 000
244 000
244 000
244 000
Total tax
71 708
66 213
82 510
80 543
After tax
172 292
177 787
161 490
163 457
Living cost
23 365
23 365
23 365
23 365
Free-cash
148 927
154 422
138 125
140 092

Estimated living cost  is ₽23365 per week

₽14003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186033
₽180899
₽192504
₽172264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 373
pensions
-
-
-
6 419
unemployment
-
-
-
29
health
-
-
-
3 652
total
-
-
-
35 473
Employee

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

23 164
-
234 137
-
health
1 969
-
8 139
-
income
1 584
-
22 870
-
pensions
3 474
-
14 363
-
unemployment
115
-
479
-
total
7 142
-
45 851
-
Employer

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

23 164
-
234 137
-
unemployment
115
-
479
-
pensions
1 274
-
5 266
-
health
996
-
4 117
-
total
2 385
-
9 862
-
Corporate
218 452
244 000
-
-
income
19 660
21 960
-
-
total
19 660
21 960
-
-
Dividends
198 792
222 040
-
-
withholding
17 891
19 984
-
-
total
17 891
19 984
-
-
Income
244 000
244 000
244 000
244 000
Total tax
47 078
41 944
55 713
35 473
After tax
196 922
202 056
188 287
208 527
Living cost
16 023
16 023
16 023
16 023
Free-cash
180 899
186 033
172 264
192 504

Estimated living cost  is ₽16023 per week

₽10223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽134092
₽129635
₽108440
₽104205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
843
income
-
-
-
79 747
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
107 809
Employee
37 315
-
214 180
-
other
36
-
94
-
income
7 194
-
76 283
-
pensions
1 754
-
4 397
-
unemployment
578
-
1 450
-
total
9 562
-
82 224
-
Employer
37 315
-
214 180
-
accident
739
-
1 852
-
other
299
-
749
-
unemployment
2 053
-
5 144
-
pensions
8 806
-
22 075
-
total
11 897
-
29 820
-
Corporate
194 789
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.

29 218
36 599
-
-
total
29 218
36 599
-
-
Dividends
165 570
207 401
-
-
withholding
35 937
45 558
-
-
total
35 937
45 558
-
-
Income
244 000
244 000
244 000
244 000
Total tax
86 614
82 157
112 044
107 809
After tax
157 386
161 843
131 956
136 191
Living cost
27 751
27 751
27 751
27 751
Free-cash
129 635
134 092
104 205
108 440

Estimated living cost  is ₽27751 per week

₽18731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽149500
₽149046
₽154226
₽154028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
83 551
pensions
-
-
-
2 010
health
-
-
-
1 457
total
-
-
-
87 018
Employee
4 198
-
241 738
-
health
210
-
503
-
income
812
-
83 445
-
pensions
378
-
905
-
unemployment
42
-
101
-
total
1 442
-
84 954
-
Employer
4 198
-
241 738
-
unemployment
84
-
201
-
pensions
462
-
1 106
-
health
399
-
955
-
total
945
-
2 262
-
Corporate
238 858
244 000
-
-
income
52 549
53 680
-
-
total
52 549
53 680
-
-
Dividends
186 309
190 320
-
-
withholding
37 262
38 064
-
-
total
37 262
38 064
-
-
Income
244 000
244 000
244 000
244 000
Total tax
92 198
91 744
87 216
87 018
After tax
151 802
152 256
156 784
156 982
Living cost
2 756
2 756
2 756
2 756
Free-cash
149 046
149 500
154 028
154 226

Estimated living cost  is ₽2756 per week

₽1638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽63
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽158837
₽153872
₽141570
₽141571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56 784
pensions
-
-
-
19 392
unemployment
-
-
-
1 119
health
-
-
-
7 682
total
-
-
-
84 977
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.

26 319
-
230 649
-
health
1 355
-
3 841
-
income
3 628
-
56 784
-
pensions
3 685
-
10 442
-
unemployment
197
-
559
-
total
8 865
-
71 626
-
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.

26 319
-
230 649
-
unemployment
197
-
559
-
pensions
3 158
-
8 950
-
health
1 355
-
3 841
-
total
4 710
-
13 350
-
Corporate
212 970
244 000
-
-
income
31 946
36 600
-
-
total
31 946
36 600
-
-
Dividends
181 025
207 400
-
-
withholding
27 154
31 110
-
-
total
27 154
31 110
-
-
Income
244 000
244 000
244 000
244 000
Total tax
72 675
67 710
84 976
84 977
After tax
171 325
176 290
159 024
159 023
Living cost
17 453
17 453
17 453
17 453
Free-cash
153 872
158 837
141 571
141 570

Estimated living cost  is ₽17453 per week

₽11751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽111581
₽111217
₽99217
₽79530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
32 787
surtax
-
-
-
-
social contributions

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

-
-
-
84 790
total
-
-
-
117 577
Employee
39 168
-
197 172
-
social contributions
4 309
-
21 688
-
surtax
-
-
557
-
income
7 653
-
68 191
-
total
11 962
-
90 436
-
Employer
39 168
-
197 172
-
social contributions
9 302
-
46 828
-
total
9 302
-
46 828
-
Corporate
195 530
244 000
-
-
surtax
-
-
-
-
income
41 061
51 240
-
-
total
41 061
51 240
-
-
Dividends
154 469
192 760
-
-
withholding
43 252
53 973
-
-
total
43 252
53 973
-
-
Income
244 000
244 000
244 000
244 000
Total tax
105 577
105 213
137 264
117 577
After tax
138 423
138 787
106 736
126 423
Living cost
27 206
27 206
27 206
27 206
Free-cash
111 217
111 581
79 530
99 217

Estimated living cost  is ₽27206 per week

₽19270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽126376
₽119771
₽100724
₽96489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
843
income
-
-
-
79 747
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
107 809
Employee
48 738
-
214 180
-
other
48
-
94
-
income
10 180
-
76 283
-
pensions
2 290
-
4 397
-
unemployment
755
-
1 450
-
total
13 273
-
82 224
-
Employer
48 738
-
214 180
-
accident
965
-
1 852
-
other
391
-
749
-
unemployment
2 681
-
5 144
-
pensions
11 502
-
22 075
-
total
15 539
-
29 820
-
Corporate
179 723
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.

26 959
36 599
-
-
total
26 959
36 599
-
-
Dividends
152 764
207 401
-
-
withholding
32 991
45 558
-
-
total
32 991
45 558
-
-
Income
244 000
244 000
244 000
244 000
Total tax
88 762
82 157
112 044
107 809
After tax
155 238
161 843
131 956
136 191
Living cost
35 467
35 467
35 467
35 467
Free-cash
119 771
126 376
96 489
100 724

Estimated living cost  is ₽35467 per week

₽25471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽500
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽191249
₽185095
₽180612
₽190893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
5 220
unemployment
-
-
-
141
health
-
-
-
4 056
total
-
-
-
46 017
Employee
23 001
-
237 080
-
health
1 058
-
1 622
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
income
2 300
-
23 708
-
pensions

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

2 019
-
3 097
-
total
5 630
-
28 815
-
Employer
23 001
-
237 080
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
unemployment
138
-
212
-
pensions

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

2 535
-
3 887
-
health
1 587
-
2 434
-
total
4 513
-
6 921
-
Corporate
216 486
244 000
-
-
income
21 649
24 400
-
-
total
21 649
24 400
-
-
Dividends
194 837
219 600
-
-
withholding
9 742
10 980
-
-
total
9 742
10 980
-
-
Income
244 000
244 000
244 000
244 000
Total tax
41 534
35 380
35 736
46 017
After tax
202 466
208 620
208 264
197 983
Living cost
17 370
17 370
17 370
17 370
Free-cash
185 095
191 249
190 893
180 612

Estimated living cost  is ₽17370 per week

₽11489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽994
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.
₽4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽86505
₽99707
₽82545
₽110825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
28 280
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.

-
-
-
82 768
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.

-
-
-
6 894
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.

-
-
-
4 552
total
-
-
-
122 494
Employee

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

50 212
-
244 000
-
health

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

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

6 894
-
6 894
-
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.

228
-
4 552
-
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.

4 129
-
82 768
-
total
11 251
-
94 214
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
193 788
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.

1 599
2 013
-
-
income
29 067
36 599
-
-
trade
27 809
35 014
-
-
chamber of commerce
437
511
-
-
total
58 912
74 137
-
-
Dividends
134 876
169 863
-
-
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.

1 833
2 315
-
-
withholding
33 336
42 082
-
-
total
35 169
44 397
-
-
Income
244 000
244 000
244 000
244 000
Total tax
105 332
118 534
94 214
122 494
After tax
138 668
125 466
149 786
121 506
Living cost
38 961
38 961
38 961
38 961
Free-cash
99 707
86 505
110 825
82 545

Estimated living cost  is ₽38961 per week

₽26876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽113312
₽115541
₽63351
₽63351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
80 920
social contributions
-
-
-
42 242
total
-
-
-
123 162
Employee
78 939
-
244 000
-
income
14 896
-
80 920
-
social contributions
6 558
-
42 242
-
total
21 454
-
123 162
-
Employer
78 939
-
244 000
-
total
-
-
-
-
Corporate
165 061
244 000
-
-
income
20 633
30 500
-
-
total
20 633
30 500
-
-
Dividends
144 427
213 500
-
-
withholding
28 885
42 701
-
-
total
28 885
42 701
-
-
Income
244 000
244 000
244 000
244 000
Total tax
70 972
73 201
123 162
123 162
After tax
173 028
170 799
120 838
120 838
Living cost
57 487
57 487
57 487
57 487
Free-cash
115 541
113 312
63 351
63 351

Estimated living cost  is ₽57487 per week

₽43735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽116636
₽120162
₽164027
₽132815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
6 741
total
-
-
-
43 340
Employee
46 295
-
239 358
-
income
5 023
-
65 268
-
social contributions
4 638
-
4 642
-
total
9 661
-
69 910
-
Employer
46 295
-
239 358
-
social contributions
4 638
-
4 642
-
total
4 638
-
4 642
-
Corporate
193 067
244 000
-
-
income
67 574
85 399
-
-
total
67 574
85 399
-
-
Dividends
125 493
158 601
-
-
social contributions
5 332
5 332
-
-
total
5 332
5 332
-
-
Income
244 000
244 000
244 000
244 000
Total tax
87 205
90 731
74 552
43 340
After tax
156 795
153 269
169 448
200 660
Living cost
36 633
36 633
36 633
36 633
Free-cash
120 162
116 636
132 815
164 027

Estimated living cost  is ₽36633 per week

₽24130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2888
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.
₽9053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽115027
₽121022
₽119258
₽97535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 704
pensions
-
-
-
10 423
total
-
-
-
87 127
Employee
51 632
-
212 540
-
health
674
-
2 826
-
income
9 403
-
62 224
-
pensions
3 941
-
12 340
-
total
14 018
-
77 390
-
Employer
51 632
-
212 540
-
pensions
5 217
-
27 421
-
health
981
-
4 039
-
total
6 198
-
31 460
-
Corporate
186 170
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.

35 372
46 360
-
-
total
35 372
46 360
-
-
Dividends
150 798
197 640
-
-
withholding
29 775
44 998
-
-
total
29 775
44 998
-
-
Income
244 000
244 000
244 000
244 000
Total tax
85 363
91 358
108 850
87 127
After tax
158 637
152 642
135 150
156 873
Living cost
37 615
37 615
37 615
37 615
Free-cash
121 022
115 027
97 535
119 258

Estimated living cost  is ₽37615 per week

₽25804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽4132
₽16097
₽142660
₽111005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
253
income
-
-
-
70 457
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 444
Employee
37 589
-
223 731
-
health
4 304
-
25 617
-
income
5 157
-
55 560
-
pensions
4 233
-
7 653
-
total
13 694
-
88 830
-
Employer
37 589
-
223 731
-
accident
628
-
3 736
-
unemployment
921
-
5 481
-
pensions
6 112
-
11 052
-
total
7 661
-
20 269
-
Corporate
198 751
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.

178 876
219 600
-
-
total
178 876
219 600
-
-
Dividends
19 875
24 400
-
-
withholding
3 776
4 636
-
-
total
3 776
4 636
-
-
Income
244 000
244 000
244 000
244 000
Total tax
204 007
224 236
109 099
77 444
After tax
39 993
19 764
134 901
166 556
Living cost
23 896
23 896
23 896
23 896
Free-cash
16 097
-4 132
111 005
142 660

Estimated living cost  is ₽23896 per week

₽17537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1392
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.
₽4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽173029
₽169975
₽144756
₽166948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
807
health insurance
-
-
-
11 943
income
-
-
-
41 231
pensions
-
-
-
29 695
unemployment
-
-
-
1 937
total
-
-
-
85 613
Employee

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

21 810
-
244 000
-
work injury
109
-
403
-
income
2 181
-
41 231
-
pensions
4 013
-
14 848
-
health insurance
1 614
-
5 971
-
unemployment
262
-
968
-
total
8 179
-
63 421
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
222 190
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%.

22 219
24 400
-
-
total
22 219
24 400
-
-
Dividends
199 971
219 600
-
-
withholding
29 996
32 940
-
-
total
29 996
32 940
-
-
Income
244 000
244 000
244 000
244 000
Total tax
60 394
57 340
63 421
85 613
After tax
183 606
186 660
180 579
158 387
Living cost
13 631
13 631
13 631
13 631
Free-cash
169 975
173 029
166 948
144 756

Estimated living cost  is ₽13631 per week

₽8445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽991
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.
₽3771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88320
₽83730
₽75320
₽67031
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
1 741
regional
-
-
-
6 106
national
-
-
-
70 121
social contributions
-
-
-
50 509
total
-
-
-
128 477
Employee
85 039
-
244 000
-
social contributions
28 675
-
66 218
-
regional
1 284
-
5 583
-
municipal
507
-
1 599
-
national
14 371
-
63 366
-
total
44 837
-
136 766
-
Employer
85 039
-
244 000
-
total
-
-
-
-
Corporate
158 961
244 000
-
-
nationa
38 150
58 560
-
-
municipal
7 662
11 761
-
-
total
45 812
70 321
-
-
Dividends
113 148
173 680
-
-
withholding
29 418
45 156
-
-
total
29 418
45 156
-
-
Income
244 000
244 000
244 000
244 000
Total tax
120 067
115 477
136 766
128 477
After tax
123 933
128 523
107 234
115 523
Living cost
40 203
40 203
40 203
40 203
Free-cash
83 730
88 320
67 031
75 320

Estimated living cost  is ₽40203 per week

₽28240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽607
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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