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
₽ 245000
per

Your estimated
City
free-cash

Dresden , Germany
₽92892
₽104054
₽88578
₽119775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
trade
-
-
-
31 197
income

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

-
-
-
83 189
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.

-
-
-
4 575
total
-
-
-
125 855
Employee

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

38 599
-
245 000
-
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
-
4 575
-
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
-
83 189
-
total
8 031
-
94 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
206 401
245 000
-
-
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.

1 703
2 020
-
-
income
30 960
36 749
-
-
trade
32 509
38 588
-
-
chamber of commerce
450
506
-
-
total
65 622
77 863
-
-
Dividends
140 779
167 137
-
-
surtax

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

1 915
2 277
-
-
withholding
34 811
41 401
-
-
total
36 726
43 678
-
-
Income
245 000
245 000
245 000
245 000
Total tax
110 379
121 541
94 658
125 855
After tax
134 621
123 459
150 342
119 145
Living cost
30 567
30 567
30 567
30 567
Free-cash
104 054
92 892
119 775
88 578

Estimated living cost  is ₽30567 per week

₽19228
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
₽101886
₽101038
₽87217
₽88533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
27 320
pensions
-
-
-
29 400
national
-
-
-
47 435
social contributions
-
-
-
2 634
total
-
-
-
106 789
Employee
79 050
-
211 800
-
municipal
9 764
-
28 268
-
pensions
3 162
-
8 472
-
national
15 130
-
49 512
-
total
28 056
-
86 252
-
Employer
79 050
-
211 800
-
social contributions
850
-
2 277
-
pensions
6 324
-
16 944
-
total
7 174
-
19 221
-
Corporate
153 559
245 000
-
-
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%.

30 712
49 000
-
-
total
30 712
49 000
-
-
Dividends
122 847
196 000
-
-
withholding
27 026
43 120
-
-
total
27 026
43 120
-
-
Income
245 000
245 000
245 000
245 000
Total tax
92 968
92 120
105 473
106 789
After tax
152 032
152 880
139 527
138 211
Living cost
50 994
50 994
50 994
50 994
Free-cash
101 038
101 886
88 533
87 217

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
₽175005
₽166727
₽69327
₽86471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
microenterprise
-
-
-
-
income
-
-
-
53 537
surtax
-
-
-
62 475
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
-
-
-
154 678
Employee
29 489
-
194 617
-
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
-
13 230
-
surtax
-
-
28 219
-
income
5 249
-
45 704
-
total
8 493
-
87 153
-
Employer
29 489
-
194 617
-
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
-
28 974
-
surtax
-
-
21 407
-
total
7 103
-
50 381
-
Corporate
208 408
245 000
-
-
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%.

41 682
49 000
-
-
total
41 682
49 000
-
-
Dividends

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

166 726
196 000
-
-
total
-
-
-
-
Income
245 000
245 000
245 000
245 000
Total tax
57 278
49 000
137 534
154 678
After tax
187 722
196 000
107 466
90 322
Living cost
20 995
20 995
20 995
20 995
Free-cash
166 727
175 005
86 471
69 327

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
₽80026
₽73844
₽88307
₽114381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
90 149
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
114 417
Employee
86 180
86 180
226 245
-
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
45 320
-
pensions
15 512
11 824
11 824
-
total
42 846
37 181
69 588
-
Employer
86 180
86 180
226 245
-
unemployment
3 102
3 102
3 855
-
pensions
5 998
5 998
7 456
-
health
5 990
5 990
7 444
-
total
15 090
15 090
18 755
-
Corporate
144 786
143 729
-
-
income
28 957
28 746
-
-
total
28 957
28 746
-
-
Dividends
115 829
114 983
-
-
income
24 613
24 433
-
-
withholding
17 374
17 248
-
-
total
41 987
41 681
-
-
Income
245 000
245 000
245 000
245 000
Total tax
128 880
122 698
88 343
114 417
After tax
116 120
122 302
156 657
130 583
Living cost
42 276
42 276
42 276
42 276
Free-cash
73 844
80 026
114 381
88 307

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
₽94778
₽93903
₽82318
₽81372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
65 677
accident
-
-
-
171
pensions
-
-
-
9 238
other
-
-
-
9 930
unemployment
-
-
-
86
health
-
-
-
5 332
national
-
-
-
33 256
total
-
-
-
123 690
Employee
55 560
-
218 150
-
municipal
16 568
-
65 052
-
national
-
-
32 733
-
total
16 568
-
97 785
-
Employer
55 560
-
218 150
-
accident
111
-
171
-
other
6 456
-
9 930
-
unemployment
1 467
-
2 256
-
pensions
6 006
-
9 238
-
health
3 417
-
5 256
-
total
17 457
-
26 851
-
Corporate
171 983
245 000
-
-
income
37 836
53 900
-
-
total
37 836
53 900
-
-
Dividends
134 147
191 100
-
-
withholding
40 244
57 330
-
-
total
40 244
57 330
-
-
Income
245 000
245 000
245 000
245 000
Total tax
112 105
111 230
124 636
123 690
After tax
132 895
133 770
120 364
121 310
Living cost
38 992
38 992
38 992
38 992
Free-cash
93 903
94 778
81 372
82 318

Estimated living cost  is ₽38992 per week

₽25842
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
₽82554
₽96735
₽78113
₽110697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
trade
-
-
-
32 584
income

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

-
-
-
83 189
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.

-
-
-
4 575
total
-
-
-
127 242
Employee

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

51 178
-
245 000
-
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
-
4 575
-
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
-
83 189
-
total
11 532
-
94 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
193 822
245 000
-
-
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
2 020
-
-
income
29 073
36 749
-
-
trade
31 885
40 302
-
-
chamber of commerce
429
502
-
-
total
62 986
79 573
-
-
Dividends
130 836
165 427
-
-
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.

1 777
2 254
-
-
withholding
32 325
40 974
-
-
total
34 102
43 228
-
-
Income
245 000
245 000
245 000
245 000
Total tax
108 620
122 801
94 658
127 242
After tax
136 380
122 199
150 342
117 758
Living cost
39 645
39 645
39 645
39 645
Free-cash
96 735
82 554
110 697
78 113

Estimated living cost  is ₽39645 per week

₽26515
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.
₽8358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽145777
₽141592
₽131358
₽129385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
58 334
health
-
-
-
6 247
social contributions
-
-
-
16 328
total
-
-
-
80 909
Employee
77 601
77 601
232 021
-
social contributions
3 771
6 441
8 687
-
health
772
1 320
3 945
-
income
8 149
7 184
57 271
-
total
12 692
14 945
69 903
-
Employer
77 601
77 601
232 021
-
social contributions
3 771
6 441
8 687
-
health
841
1 436
4 292
-
total
4 612
7 877
12 979
-
Corporate
194 964
159 522
-
-
income
24 370
19 940
-
-
total
24 370
19 940
-
-
Dividends
170 594
139 582
-
-
withholding
29 001
23 728
-
-
total
29 001
23 728
-
-
Income
245 000
245 000
245 000
245 000
Total tax
70 675
66 490
82 882
80 909
After tax
174 325
178 510
162 118
164 091
Living cost
32 733
32 733
32 733
32 733
Free-cash
141 592
145 777
129 385
131 358

Estimated living cost  is ₽32733 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
₽119152
₽119533
₽151388
₽123693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
29 951
pensions
-
-
-
24 500
unemployment
-
-
-
3 675
health
-
-
-
17 150
total
-
-
-
75 276
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.

26 469
10 534
205 021
-
health
1 853
737
14 351
-
income
3 236
1 288
25 064
-
pensions
2 647
1 053
20 502
-
unemployment
397
158
3 075
-
total
8 133
3 236
62 992
-
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.

26 469
10 534
205 021
-
pensions
5 161
2 054
39 979
-
total
5 161
2 054
39 979
-
Corporate
213 370
232 412
-
-
income
19 203
20 917
-
-
total
19 203
20 917
-
-
Dividends
194 167
211 495
-
-
social contributions
37 742
41 121
-
-
withholding
36 892
40 184
-
-
total
74 634
81 305
-
-
Income
245 000
245 000
245 000
245 000
Total tax
107 131
107 512
102 971
75 276
After tax
137 869
137 488
142 029
169 724
Living cost
18 336
18 336
18 336
18 336
Free-cash
119 533
119 152
123 693
151 388

Estimated living cost  is ₽18336 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
₽171625
₽165354
₽106944
₽116839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
32 831
pensions
-
-
-
49 000
health
-
-
-
31 850
total
-
-
-
113 681
Employee
28 629
-
183 107
-
income
3 223
-
35 303
-
pensions
573
-
3 662
-
unemployment
458
-
2 930
-
total
4 254
-
41 895
-
Employer
28 629
-
183 107
-
unemployment
230
-
1 465
-
pensions
5 726
-
36 621
-
health
3 721
-
23 805
-
total
9 677
-
61 891
-
Corporate
206 694
245 000
-
-
income
41 340
49 000
-
-
total
41 340
49 000
-
-
Dividends
165 354
196 000
-
-
total
-
-
-
-
Income
245 000
245 000
245 000
245 000
Total tax
55 271
49 000
103 786
113 681
After tax
189 729
196 000
141 214
131 319
Living cost
24 375
24 375
24 375
24 375
Free-cash
165 354
171 625
116 839
106 944

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
-₽2227
₽16459
₽145165
₽113407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
253
income
-
-
-
70 776
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 763
Employee
34 721
-
224 690
-
health
3 975
-
25 727
-
income
4 763
-
55 830
-
pensions
3 910
-
7 654
-
total
12 648
-
89 211
-
Employer
34 721
-
224 690
-
accident
580
-
3 752
-
unemployment
851
-
5 505
-
pensions
5 646
-
11 053
-
total
7 077
-
20 310
-
Corporate
203 203
245 000
-
-
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.

182 883
220 500
-
-
total
182 883
220 500
-
-
Dividends
20 320
24 500
-
-
withholding
3 861
4 655
-
-
total
3 861
4 655
-
-
Income
245 000
245 000
245 000
245 000
Total tax
206 469
225 155
109 521
77 763
After tax
38 531
19 845
135 479
167 237
Living cost
22 072
22 072
22 072
22 072
Free-cash
16 459
-2 227
113 407
145 165

Estimated living cost  is ₽22072 per week

₽16177
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.
₽4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽223670
₽221967
₽233470
₽186920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
245 000
microenterprise

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

-
-
-
2 450
total
-
-
-
2 450
Employee
11 349
-
245 000
-
income
2 270
-
49 000
-
total
2 270
-
49 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

233 651
245 000
-
-
total
-
-
-
-
Dividends
233 651
245 000
-
-
withholding
11 683
12 250
-
-
total
11 683
12 250
-
-
Income
245 000
245 000
245 000
245 000
Total tax
13 953
12 250
49 000
2 450
After tax
231 047
232 750
196 000
242 550
Living cost
9 080
9 080
9 080
9 080
Free-cash
221 967
223 670
186 920
233 470

Estimated living cost  is ₽9080 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
₽153110
₽146295
₽122974
₽120991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
44 262
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
-
-
-
95 135
Employee
36 642
-
205 909
-
health
513
-
2 149
-
income
6 308
-
43 601
-
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
-
58 026
-
Employer
36 642
-
205 909
-
accident
293
-
1 647
-
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
-
26 090
-
health
513
-
2 149
-
total
9 235
-
39 092
-
Corporate
199 123
245 000
-
-
income
41 816
51 450
-
-
total
41 816
51 450
-
-
Dividends
157 306
193 550
-
-
withholding
11 012
13 549
-
-
total
11 012
13 549
-
-
Income
245 000
245 000
245 000
245 000
Total tax
71 814
64 999
97 118
95 135
After tax
173 186
180 001
147 882
149 865
Living cost
26 891
26 891
26 891
26 891
Free-cash
146 295
153 110
120 991
122 974

Estimated living cost  is ₽26891 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
₽85464
₽93618
₽89735
₽67927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
77 096
pensions
-
-
-
10 443
total
-
-
-
87 539
Employee
95 822
-
213 405
-
health
1 579
-
2 835
-
income
17 273
-
62 558
-
pensions
9 244
-
12 358
-
total
28 096
-
77 751
-
Employer
95 822
-
213 405
-
pensions
11 314
-
27 541
-
health
1 820
-
4 055
-
total
13 134
-
31 596
-
Corporate
136 044
245 000
-
-
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.

25 848
46 549
-
-
total
25 848
46 549
-
-
Dividends
110 196
198 451
-
-
withholding
16 578
45 261
-
-
total
16 578
45 261
-
-
Income
245 000
245 000
245 000
245 000
Total tax
83 656
91 810
109 347
87 539
After tax
161 344
153 190
135 653
157 461
Living cost
67 726
67 726
67 726
67 726
Free-cash
93 618
85 464
67 927
89 735

Estimated living cost  is ₽67726 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
₽196236
₽191546
₽185594
₽195925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
36 750
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
-
-
-
46 167
Employee
17 531
-
238 080
-
health
806
-
1 622
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
income
1 753
-
23 808
-
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
-
28 915
-
Employer
17 531
-
238 080
-
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
224 029
245 000
-
-
income
22 403
24 500
-
-
total
22 403
24 500
-
-
Dividends
201 626
220 500
-
-
withholding
10 081
11 025
-
-
total
10 081
11 025
-
-
Income
245 000
245 000
245 000
245 000
Total tax
40 215
35 525
35 836
46 167
After tax
204 785
209 475
209 164
198 833
Living cost
13 239
13 239
13 239
13 239
Free-cash
191 546
196 236
195 925
185 594

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
₽66341
₽68877
₽74622
₽100696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
90 149
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
114 417
Employee
93 564
86 180
226 245
-
health
11 673
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
45 320
-
pensions
11 824
11 824
11 824
-
total
37 603
37 181
69 588
-
Employer
93 564
86 180
226 245
-
unemployment
3 369
3 102
3 855
-
pensions
6 511
5 998
7 456
-
health
6 502
5 990
7 444
-
total
16 382
15 090
18 755
-
Corporate
135 054
143 729
-
-
income
27 011
28 746
-
-
total
27 011
28 746
-
-
Dividends
108 043
114 983
-
-
income
22 960
24 433
-
-
withholding
16 206
17 248
-
-
total
39 166
41 681
-
-
Income
245 000
245 000
245 000
245 000
Total tax
120 162
122 698
88 343
114 417
After tax
124 838
122 302
156 657
130 583
Living cost
55 961
55 961
55 961
55 961
Free-cash
68 877
66 341
100 696
74 622

Estimated living cost  is ₽55961 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
₽144511
₽135890
₽122339
₽111348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
26 572
health
-
-
-
33 075
solidarity contribution
-
-
-
4 062
social contributions
-
-
-
34 781
total
-
-
-
98 490
Employee
35 546
-
197 451
-
social contributions
2 310
-
7 742
-
health
4 799
-
26 656
-
solidarity contribution
-
-
3 076
-
income
4 265
-
24 458
-
total
11 374
-
61 932
-
Employer
35 546
-
197 451
-
social contributions
8 886
-
29 778
-
health
3 199
-
17 771
-
total
12 085
-
47 549
-
Corporate
197 369
245 000
-
-
income
37 500
46 550
-
-
total
37 500
46 550
-
-
Dividends
159 869
198 450
-
-
withholding
23 980
29 768
-
-
total
23 980
29 768
-
-
Income
245 000
245 000
245 000
245 000
Total tax
84 939
76 318
109 481
98 490
After tax
160 061
168 682
135 519
146 510
Living cost
24 171
24 171
24 171
24 171
Free-cash
135 890
144 511
111 348
122 339

Estimated living cost  is ₽24171 per week

₽16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1720
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.
₽5187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽88133
₽82865
₽76618
₽68060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
1 555
regional
-
-
-
3 183
national
-
-
-
70 551
social contributions
-
-
-
50 509
total
-
-
-
125 798
Employee
89 690
-
245 000
-
social contributions
30 243
-
66 219
-
regional
846
-
2 910
-
municipal
475
-
1 431
-
national
15 541
-
63 796
-
total
47 105
-
134 356
-
Employer
89 690
-
245 000
-
total
-
-
-
-
Corporate
155 310
245 000
-
-
nationa
37 274
58 800
-
-
municipal
6 058
9 555
-
-
total
43 332
68 355
-
-
Dividends
111 979
176 646
-
-
withholding
29 114
45 928
-
-
total
29 114
45 928
-
-
Income
245 000
245 000
245 000
245 000
Total tax
119 551
114 283
134 356
125 798
After tax
125 449
130 717
110 644
119 202
Living cost
42 584
42 584
42 584
42 584
Free-cash
82 865
88 133
68 060
76 618

Estimated living cost  is ₽42584 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
₽131836
₽128696
₽92779
₽86610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
79 550
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 672
total
-
-
-
129 952
Employee
33 373
-
216 649
-
other
-
-
-
-
health
852
-
3 434
-
surtax
109
-
12 464
-
income
5 594
-
73 514
-
pensions
2 225
-
8 984
-
unemployment
2 323
-
9 374
-
total
11 103
-
107 770
-
Employer
33 373
-
216 649
-
other
-
-
-
-
unemployment
1 057
-
4 269
-
pensions
4 449
-
17 954
-
health
1 519
-
6 128
-
total
7 025
-
28 351
-
Corporate
204 602
245 000
-
-
income
53 196
63 700
-
-
total
53 196
63 700
-
-
Dividends
151 406
181 300
-
-
withholding
22 711
27 195
-
-
total
22 711
27 195
-
-
Income
245 000
245 000
245 000
245 000
Total tax
94 035
90 895
136 121
129 952
After tax
150 965
154 105
108 879
115 048
Living cost
22 269
22 269
22 269
22 269
Free-cash
128 696
131 836
86 610
92 779

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
₽106921
₽113611
₽111192
₽89384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
77 096
pensions
-
-
-
10 443
total
-
-
-
87 539
Employee
64 218
-
213 405
-
health
932
-
2 835
-
income
11 566
-
62 558
-
pensions
5 451
-
12 358
-
total
17 949
-
77 751
-
Employer
64 218
-
213 405
-
pensions
6 952
-
27 541
-
health
1 220
-
4 055
-
total
8 172
-
31 596
-
Corporate
172 611
245 000
-
-
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.

32 795
46 549
-
-
total
32 795
46 549
-
-
Dividends
139 816
198 451
-
-
withholding
26 204
45 261
-
-
total
26 204
45 261
-
-
Income
245 000
245 000
245 000
245 000
Total tax
85 120
91 810
109 347
87 539
After tax
159 880
153 190
135 653
157 461
Living cost
46 269
46 269
46 269
46 269
Free-cash
113 611
106 921
89 384
111 192

Estimated living cost  is ₽46269 per week

₽34664
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
₽35760
₽68392
₽116483
₽108818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
city
-
-
-
2 582
pensions
-
-
-
22 540
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.

-
-
-
4 899
regional
-
-
-
14 338
health
-
-
-
550
national
-
-
-
7 334
total
-
-
-
52 243
Employee
89 260
-
221 020
-
city
958
-
2 398
-
regional
2 923
-
12 833
-
health
202
-
498
-
pensions
7 499
-
16 632
-
unemployment
-
-
-
-
national
422
-
5 998
-
total
12 004
-
38 359
-
Employer
89 260
-
221 020
-
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
-
4 419
-
unemployment
-
-
-
-
pensions
7 499
-
16 632
-
health
202
-
498
-
total
9 486
-
21 549
-
Corporate
145 273
245 000
-
-
regional
30 725
51 817
-
-
national
12 348
20 824
-
-
total
43 073
72 641
-
-
Dividends
102 201
172 359
-
-
withholding
35 771
60 325
-
-
total
35 771
60 325
-
-
Income
245 000
245 000
245 000
245 000
Total tax
100 334
132 966
59 908
52 243
After tax
144 666
112 034
185 092
192 757
Living cost
76 274
76 274
76 274
76 274
Free-cash
68 392
35 760
108 818
116 483

Estimated living cost  is ₽76274 per week

₽49600
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.
₽18893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽74710
₽91072
₽70141
₽104111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
trade
-
-
-
33 970
income

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

-
-
-
83 189
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.

-
-
-
4 575
total
-
-
-
128 628
Employee

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

60 650
-
245 000
-
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
-
4 575
-
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
-
83 189
-
total
14 419
-
94 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
184 350
245 000
-
-
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.

1 521
2 020
-
-
income
27 652
36 749
-
-
trade
31 617
42 018
-
-
chamber of commerce
412
498
-
-
total
61 202
81 285
-
-
Dividends
123 149
163 715
-
-
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.

1 672
2 229
-
-
withholding
30 404
40 545
-
-
total
32 076
42 774
-
-
Income
245 000
245 000
245 000
245 000
Total tax
107 697
124 059
94 658
128 628
After tax
137 303
120 941
150 342
116 372
Living cost
46 231
46 231
46 231
46 231
Free-cash
91 072
74 710
104 111
70 141

Estimated living cost  is ₽46231 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
₽88954
₽94914
₽97983
₽89666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
48 178
pensions
-
-
-
37 278
other
-
-
-
7 595
health
-
-
-
12 458
surtax
-
-
-
-
social contributions
-
-
-
6 981
total
-
-
-
112 490
Employee
43 191
-
186 093
-
social contributions
1 231
-
5 301
-
surtax
-
-
-
-
income
2 549
-
42 197
-
pensions
4 884
-
14 402
-
total
8 664
-
61 900
-
Employer
43 191
-
186 093
-
other
1 490
-
7 881
-
social contributions
130
-
559
-
unemployment
1 748
-
7 536
-
pensions
7 095
-
23 984
-
health
3 024
-
18 947
-
total
13 487
-
58 907
-
Corporate
188 320
245 000
-
-
surtax
-
-
-
-
income
52 729
68 599
-
-
total
52 729
68 599
-
-
Dividends
135 592
176 401
-
-
surtax
-
-
-
-
social contributions
23 322
30 341
-
-
withholding
17 357
22 579
-
-
total
40 679
52 920
-
-
Income
245 000
245 000
245 000
245 000
Total tax
115 559
121 519
120 807
112 490
After tax
129 441
123 481
124 193
132 510
Living cost
34 527
34 527
34 527
34 527
Free-cash
94 914
88 954
89 666
97 983

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
₽92374
₽97981
₽101403
₽93086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
48 178
pensions
-
-
-
37 278
other
-
-
-
7 595
health
-
-
-
12 458
surtax
-
-
-
-
social contributions
-
-
-
6 981
total
-
-
-
112 490
Employee
38 554
-
186 093
-
social contributions
1 099
-
5 301
-
surtax
-
-
-
-
income
1 988
-
42 197
-
pensions
4 361
-
14 402
-
total
7 448
-
61 900
-
Employer
38 554
-
186 093
-
other
1 331
-
7 881
-
social contributions
115
-
559
-
unemployment
1 561
-
7 536
-
pensions
6 335
-
23 984
-
health
2 698
-
18 947
-
total
12 040
-
58 907
-
Corporate
194 405
245 000
-
-
surtax
-
-
-
-
income
54 433
68 599
-
-
total
54 433
68 599
-
-
Dividends
139 972
176 401
-
-
surtax
-
-
-
-
social contributions
24 075
30 341
-
-
withholding
17 916
22 579
-
-
total
41 991
52 920
-
-
Income
245 000
245 000
245 000
245 000
Total tax
115 912
121 519
120 807
112 490
After tax
129 088
123 481
124 193
132 510
Living cost
31 107
31 107
31 107
31 107
Free-cash
97 981
92 374
93 086
101 403

Estimated living cost  is ₽31107 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
₽128073
₽128598
₽135943
₽128914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
36 749
health
-
-
-
17 100
social contributions
-
-
-
33 809
total
-
-
-
87 658
Employee
34 217
-
245 000
-
social contributions
4 723
-
33 809
-
health
2 388
-
17 100
-
income
5 707
-
43 778
-
total
12 818
-
94 687
-
Employer
34 217
-
245 000
-
total
-
-
-
-
Corporate
210 783
245 000
-
-
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%.

10 539
12 249
-
-
total
10 539
12 249
-
-
Dividends
200 244
232 751
-
-
health
13 976
16 246
-
-
social contributions
27 633
32 120
-
-
withholding
30 037
34 913
-
-
total
71 646
83 279
-
-
Income
245 000
245 000
245 000
245 000
Total tax
95 003
95 528
94 687
87 658
After tax
149 997
149 472
150 313
157 342
Living cost
21 399
21 399
21 399
21 399
Free-cash
128 598
128 073
128 914
135 943

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.
₽1320
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
₽99356
₽97793
₽89657
₽28265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
chamber of commerce
-
-
-
981
income
-
-
-
81 584
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
199
total
-
-
-
119 783
Employee
50 434
40 217
204 547
-
other
504
402
1 180
-
health
1 952
1 557
4 562
-
income
5 742
2 967
69 191
-
pensions
5 165
4 117
12 073
-
unemployment
1 513
1 207
3 537
-
total
14 876
10 250
90 543
-
Employer
50 434
40 217
204 547
-
accident
655
523
1 532
-
other
2 396
1 909
8 978
-
chamber of commerce
201
161
818
-
unemployment
1 513
1 207
3 537
-
surtax
199
199
199
-
pensions
6 329
5 048
14 796
-
payroll
1 513
1 207
6 136
-
health
1 906
1 521
4 456
-
total
14 712
11 775
40 452
-
Corporate
179 854
193 009
200 717
-
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.

44 963
48 251
50 180
-
total
44 963
48 251
50 180
-
Dividends
134 891
144 757
-
-
withholding
37 096
39 808
-
-
total
37 096
39 808
-
-
Income
245 000
245 000
245 000
245 000
Total tax
111 647
110 084
181 175
119 783
After tax
133 353
134 916
63 825
125 217
Living cost
35 560
35 560
35 560
35 560
Free-cash
97 793
99 356
28 265
89 657

Estimated living cost  is ₽35560 per week

₽23717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3034
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
₽96649
₽84952
₽69855
₽45708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
national
-
-
-
99 998
communal

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

-
-
-
13 191
social contributions
-
-
-
25 160
total
-
-
-
138 349
Employee

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

72 187
-
189 760
-
communal

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

3 765
-
9 897
-
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
-
8 919
-
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
-
14 231
-
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
-
1 651
-
national
22 193
-
72 558
-
total
35 392
-
107 256
-
Employer

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

72 187
-
189 760
-
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
-
2 467
-
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
-
2 771
-
surtax
8 185
-
21 518
-
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
-
16 813
-
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
-
11 671
-
total
21 011
-
55 240
-
Corporate
151 800
245 000
-
-
surtax
607
1 076
-
-
income
30 360
53 815
-
-
total
30 967
54 891
-
-
Dividends
120 833
190 109
-
-
withholding

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

35 882
56 664
-
-
total
35 882
56 664
-
-
Income
245 000
245 000
245 000
245 000
Total tax
123 252
111 555
162 496
138 349
After tax
121 748
133 445
82 504
106 651
Living cost
36 796
36 796
36 796
36 796
Free-cash
84 952
96 649
45 708
69 855

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
₽126053
₽119136
₽100293
₽96058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
843
income
-
-
-
80 198
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
108 261
Employee
50 235
-
215 180
-
other
50
-
94
-
income
10 599
-
76 734
-
pensions
2 361
-
4 397
-
unemployment
779
-
1 450
-
total
13 789
-
82 675
-
Employer
50 235
-
215 180
-
accident
994
-
1 852
-
other
400
-
749
-
unemployment
2 764
-
5 144
-
pensions
11 855
-
22 076
-
total
16 013
-
29 821
-
Corporate
178 753
245 000
-
-
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.

26 814
36 749
-
-
total
26 814
36 749
-
-
Dividends
151 940
208 251
-
-
withholding
32 802
45 752
-
-
total
32 802
45 752
-
-
Income
245 000
245 000
245 000
245 000
Total tax
89 418
82 501
112 496
108 261
After tax
155 582
162 499
132 504
136 739
Living cost
36 446
36 446
36 446
36 446
Free-cash
119 136
126 053
96 058
100 293

Estimated living cost  is ₽36446 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
₽82330
₽68447
₽59401
₽68523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
2 022
income
-
-
-
48 230
pensions
-
-
-
35 943
health
-
-
-
16 847
surtax
-
-
-
12 230
communal
-
-
-
15 484
total
-
-
-
130 756
Employee
76 425
-
218 847
-
health
3 401
-
9 740
-
surtax
4 684
-
13 412
-
income
7 382
-
54 821
-
pensions
6 113
-
17 508
-
total
21 580
-
95 481
-
Employer
76 425
-
218 847
-
accident
688
-
1 969
-
pensions
6 113
-
17 508
-
health
2 331
-
6 676
-
total
9 132
-
26 153
-
Corporate
159 444
245 000
-
-
surtax
1 674
2 572
-
-
communal
10 763
16 537
-
-
income
23 916
36 749
-
-
total
36 353
55 858
-
-
Dividends
123 092
189 142
-
-
income
36 181
23 599
-
-
withholding
18 464
28 370
-
-
total
54 645
51 969
-
-
Income
245 000
245 000
245 000
245 000
Total tax
121 710
107 827
121 634
130 756
After tax
123 290
137 173
123 366
114 244
Living cost
54 843
54 843
54 843
54 843
Free-cash
68 447
82 330
68 523
59 401

Estimated living cost  is ₽54843 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
₽131438
₽128229
₽92381
₽86212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
79 550
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 672
total
-
-
-
129 952
Employee
33 986
-
216 649
-
other
-
-
-
-
health
868
-
3 434
-
surtax
121
-
12 464
-
income
5 697
-
73 514
-
pensions
2 267
-
8 984
-
unemployment
2 365
-
9 374
-
total
11 318
-
107 770
-
Employer
33 986
-
216 649
-
other
-
-
-
-
unemployment
1 078
-
4 269
-
pensions
4 531
-
17 954
-
health
1 545
-
6 128
-
total
7 154
-
28 351
-
Corporate
203 859
245 000
-
-
income
53 003
63 700
-
-
total
53 003
63 700
-
-
Dividends
150 857
181 300
-
-
withholding
22 629
27 195
-
-
total
22 629
27 195
-
-
Income
245 000
245 000
245 000
245 000
Total tax
94 104
90 895
136 121
129 952
After tax
150 896
154 105
108 879
115 048
Living cost
22 667
22 667
22 667
22 667
Free-cash
128 229
131 438
86 212
92 381

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
₽101593
₽99352
₽91252
₽82739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
1 555
regional
-
-
-
3 948
national
-
-
-
70 551
social contributions
-
-
-
50 509
total
-
-
-
126 563
Employee
55 981
-
245 000
-
social contributions
18 877
-
66 219
-
regional
754
-
3 630
-
municipal
297
-
1 431
-
national
8 869
-
63 796
-
total
28 797
-
135 076
-
Employer
55 981
-
245 000
-
total
-
-
-
-
Corporate
189 019
245 000
-
-
nationa
45 365
58 800
-
-
municipal
9 394
12 176
-
-
total
54 759
70 976
-
-
Dividends
134 260
174 024
-
-
withholding
34 907
45 246
-
-
total
34 907
45 246
-
-
Income
245 000
245 000
245 000
245 000
Total tax
118 463
116 222
135 076
126 563
After tax
126 537
128 778
109 924
118 437
Living cost
27 185
27 185
27 185
27 185
Free-cash
99 352
101 593
82 739
91 252

Estimated living cost  is ₽27185 per week

₽16907
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
₽138897
₽128273
₽116725
₽105734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
26 572
health
-
-
-
33 075
solidarity contribution
-
-
-
4 062
social contributions
-
-
-
34 781
total
-
-
-
98 490
Employee
43 801
-
197 451
-
social contributions
2 847
-
7 742
-
health
5 913
-
26 656
-
solidarity contribution
-
-
3 076
-
income
5 256
-
24 458
-
total
14 016
-
61 932
-
Employer
43 801
-
197 451
-
social contributions
10 950
-
29 778
-
health
3 942
-
17 771
-
total
14 892
-
47 549
-
Corporate
186 306
245 000
-
-
income
35 398
46 550
-
-
total
35 398
46 550
-
-
Dividends
150 908
198 450
-
-
withholding
22 636
29 768
-
-
total
22 636
29 768
-
-
Income
245 000
245 000
245 000
245 000
Total tax
86 942
76 318
109 481
98 490
After tax
158 058
168 682
135 519
146 510
Living cost
29 785
29 785
29 785
29 785
Free-cash
128 273
138 897
105 734
116 725

Estimated living cost  is ₽29785 per week

₽22150
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.
₽5470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽102826
₽102330
₽93219
₽31673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
chamber of commerce
-
-
-
981
income
-
-
-
81 584
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
-
total
-
-
-
119 584
Employee
44 114
40 217
204 731
-
other
440
402
1 180
-
health
1 706
1 557
4 562
-
income
3 930
2 967
69 283
-
pensions
4 518
4 117
12 073
-
unemployment
1 323
1 207
3 537
-
total
11 917
10 250
90 635
-
Employer
44 114
40 217
204 731
-
accident
573
523
1 532
-
other
2 095
1 909
8 986
-
chamber of commerce
176
161
820
-
unemployment
1 323
1 207
3 537
-
surtax
-
-
-
-
pensions
5 537
5 048
14 796
-
payroll
1 323
1 207
6 142
-
health
1 668
1 521
4 456
-
total
12 695
11 576
40 269
-
Corporate
188 190
193 208
200 901
-
income

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

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

47 047
48 301
50 226
-
total
47 047
48 301
50 226
-
Dividends
141 144
144 907
-
-
withholding
38 814
39 850
-
-
total
38 814
39 850
-
-
Income
245 000
245 000
245 000
245 000
Total tax
110 473
109 977
181 130
119 584
After tax
134 527
135 023
63 870
125 416
Living cost
32 197
32 197
32 197
32 197
Free-cash
102 330
102 826
31 673
93 219

Estimated living cost  is ₽32197 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
₽218601
₽215948
₽228401
₽181851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
245 000
microenterprise

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

-
-
-
2 450
total
-
-
-
2 450
Employee
17 686
-
245 000
-
income
3 537
-
49 000
-
total
3 537
-
49 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

227 314
245 000
-
-
total
-
-
-
-
Dividends
227 314
245 000
-
-
withholding
11 366
12 250
-
-
total
11 366
12 250
-
-
Income
245 000
245 000
245 000
245 000
Total tax
14 903
12 250
49 000
2 450
After tax
230 097
232 750
196 000
242 550
Living cost
14 149
14 149
14 149
14 149
Free-cash
215 948
218 601
181 851
228 401

Estimated living cost  is ₽14149 per week

₽9575
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
₽141613
₽133174
₽84780
₽79460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
income
-
-
-
63 933
pensions
-
-
-
44 743
unemployment
-
-
-
368
health
-
-
-
24 107
total
-
-
-
133 151
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
-
211 993
-
health
2 882
-
13 695
-
income
7 696
-
58 613
-
pensions
6 917
-
32 860
-
unemployment
63
-
297
-
total
17 558
-
105 465
-
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
-
211 993
-
unemployment
27
-
126
-
pensions
3 949
-
18 760
-
health
2 972
-
14 120
-
total
6 948
-
33 006
-
Corporate
193 426
245 000
-
-
income
36 751
46 551
-
-
total
36 751
46 551
-
-
Dividends
156 675
198 449
-
-
withholding
23 500
29 767
-
-
total
23 500
29 767
-
-
Income
245 000
245 000
245 000
245 000
Total tax
84 757
76 318
138 471
133 151
After tax
160 243
168 682
106 529
111 849
Living cost
27 069
27 069
27 069
27 069
Free-cash
133 174
141 613
79 460
84 780

Estimated living cost  is ₽27069 per week

₽18577
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
₽105474
₽57428
₽125731
₽188128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
47 755
social contributions
-
-
-
27 930
total
-
-
-
75 685
Employee
62 493
-
-
-
social contributions
5 124
-
730
-
income
13 785
-
-
-
total
18 909
-
730
-
Employer
62 493
-
-
-
social contributions
88 116
-
12 558
-
total
88 116
-
12 558
-
Corporate
94 391
245 000
-
-
income
20 766
53 900
-
-
total
20 766
53 900
-
-
Dividends
73 625
191 100
-
-
income
16 197
42 042
-
-
total
16 197
42 042
-
-
Income
245 000
245 000
245 000
245 000
Total tax
143 988
95 942
13 288
75 685
After tax
101 012
149 058
231 712
169 315
Living cost
43 584
43 584
43 584
43 584
Free-cash
57 428
105 474
188 128
125 731

Estimated living cost  is ₽43584 per week

₽28279
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.
₽10650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽107701
₽106685
₽95239
₽75434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
income
-
-
-
32 968
surtax
-
-
-
-
social contributions

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

-
-
-
85 138
total
-
-
-
118 106
Employee
46 415
-
197 980
-
social contributions
5 106
-
21 779
-
surtax
-
-
575
-
income
9 654
-
68 537
-
total
14 760
-
90 891
-
Employer
46 415
-
197 980
-
social contributions
11 023
-
47 020
-
total
11 023
-
47 020
-
Corporate
187 562
245 000
-
-
surtax
-
-
-
-
income
39 388
51 450
-
-
total
39 388
51 450
-
-
Dividends
148 174
193 550
-
-
withholding
41 489
54 194
-
-
total
41 489
54 194
-
-
Income
245 000
245 000
245 000
245 000
Total tax
106 660
105 644
137 911
118 106
After tax
138 340
139 356
107 089
126 894
Living cost
31 655
31 655
31 655
31 655
Free-cash
106 685
107 701
75 434
95 239

Estimated living cost  is ₽31655 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
₽74739
₽81675
₽83768
₽75451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
48 178
pensions
-
-
-
37 278
other
-
-
-
7 595
health
-
-
-
12 458
surtax
-
-
-
-
social contributions
-
-
-
6 981
total
-
-
-
112 490
Employee
63 207
-
186 093
-
social contributions
1 800
-
5 301
-
surtax
-
-
-
-
income
5 515
-
42 197
-
pensions
7 149
-
14 402
-
total
14 464
-
61 900
-
Employer
63 207
-
186 093
-
other
2 181
-
7 881
-
social contributions
190
-
559
-
unemployment
2 561
-
7 536
-
pensions
10 386
-
23 984
-
health
4 424
-
18 947
-
total
19 742
-
58 907
-
Corporate
162 052
245 000
-
-
surtax
-
-
-
-
income
45 375
68 599
-
-
total
45 375
68 599
-
-
Dividends
116 677
176 401
-
-
surtax
-
-
-
-
social contributions
20 068
30 341
-
-
withholding
14 934
22 579
-
-
total
35 002
52 920
-
-
Income
245 000
245 000
245 000
245 000
Total tax
114 583
121 519
120 807
112 490
After tax
130 417
123 481
124 193
132 510
Living cost
48 742
48 742
48 742
48 742
Free-cash
81 675
74 739
75 451
83 768

Estimated living cost  is ₽48742 per week

₽32988
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
₽190164
₽186774
₽147782
₽154291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
12 981
social contributions
-
-
-
53 901
total
-
-
-
66 882
Employee
32 444
-
212 121
-
income
-
-
13 705
-
social contributions
2 109
-
13 789
-
total
2 109
-
27 494
-
Employer
32 444
-
212 121
-
social contributions
5 029
-
32 879
-
total
5 029
-
32 879
-
Corporate
207 527
245 000
-
-
income
20 752
24 500
-
-
total
20 752
24 500
-
-
Dividends
186 775
220 500
-
-
total
-
-
-
-
Income
245 000
245 000
245 000
245 000
Total tax
27 890
24 500
60 373
66 882
After tax
217 110
220 500
184 627
178 118
Living cost
30 336
30 336
30 336
30 336
Free-cash
186 774
190 164
154 291
147 782

Estimated living cost  is ₽30336 per week

₽19615
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
₽25027
₽13402
₽91993
₽25027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
53 029
pensions
-
-
-
875
national
-
-
-
30 950
labour market
-
-
-
19 530
total
-
-
-
104 384
Employee
205 227
205 227
205 227
-
labour market
16 395
16 395
16 395
-
national
25 072
25 072
25 072
-
municipal
43 702
43 702
43 702
-
pensions
292
292
292
-
total
85 461
85 461
85 461
-
Employer
205 227
205 227
205 227
-
labour market
16 418
16 418
16 418
-
municipal
43 772
43 772
43 772
-
pensions
583
583
583
-
national
25 116
25 116
25 116
-
total
85 889
85 889
85 889
-
Corporate
25 027
-
-
-
income
5 506
-
-
-
total
5 506
-
-
-
Dividends
19 521
-
-
-
withholding
6 119
-
-
-
total
6 119
-
-
-
Income
245 000
245 000
245 000
245 000
Total tax
182 975
171 350
171 350
104 384
After tax
62 025
73 650
73 650
140 616
Living cost
48 623
48 623
48 623
48 623
Free-cash
13 402
25 027
25 027
91 993

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
-₽1901
₽16511
₽145491
₽113733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
253
income
-
-
-
70 776
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 763
Employee
34 209
-
224 690
-
health
3 917
-
25 727
-
income
4 693
-
55 830
-
pensions
3 852
-
7 654
-
total
12 462
-
89 211
-
Employer
34 209
-
224 690
-
accident
571
-
3 752
-
unemployment
838
-
5 505
-
pensions
5 562
-
11 053
-
total
6 971
-
20 310
-
Corporate
203 820
245 000
-
-
income

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

183 438
220 500
-
-
total
183 438
220 500
-
-
Dividends
20 382
24 500
-
-
withholding
3 872
4 655
-
-
total
3 872
4 655
-
-
Income
245 000
245 000
245 000
245 000
Total tax
206 743
225 155
109 521
77 763
After tax
38 257
19 845
135 479
167 237
Living cost
21 746
21 746
21 746
21 746
Free-cash
16 511
-1 901
113 733
145 491

Estimated living cost  is ₽21746 per week

₽15829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1240
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
₽110474
₽113718
₽109509
₽81444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
245 000
municipal
-
-
-
43 496
health
-
-
-
3 351
national
-
-
-
49 899
total
-
-
-
96 746
Employee
53 095
-
206 106
-
health
396
-
2 752
-
municipal
8 697
-
33 543
-
pensions
3 583
-
13 911
-
unemployment
797
-
3 091
-
national
877
-
32 619
-
total
14 350
-
85 916
-
Employer
53 095
-
206 106
-
accident
54
-
207
-
unemployment
345
-
1 341
-
pensions
9 212
-
35 759
-
health
408
-
1 588
-
total
10 019
-
38 895
-
Corporate
181 887
245 000
-
-
income
36 378
49 000
-
-
total
36 378
49 000
-
-
Dividends

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

109 132
147 000
-
-
national
12 147
20 322
-
-
municipal
19 643
26 459
-
-
total
31 790
46 781
-
-
Income
245 000
245 000
245 000
245 000
Total tax
92 537
95 781
124 811
96 746
After tax
152 463
149 219
120 189
148 254
Living cost
38 745
38 745
38 745
38 745
Free-cash
113 718
110 474
81 444
109 509

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
₽155145
₽149655
₽140726
₽138753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
58 334
health
-
-
-
6 247
social contributions
-
-
-
16 328
total
-
-
-
80 909
Employee
77 601
77 601
232 021
-
social contributions
2 934
6 441
8 687
-
health
601
1 320
3 945
-
income
8 449
7 184
57 271
-
total
11 984
14 945
69 903
-
Employer
77 601
77 601
232 021
-
social contributions
2 934
6 441
8 687
-
health
653
1 436
4 292
-
total
3 587
7 877
12 979
-
Corporate
206 063
159 522
-
-
income
25 758
19 940
-
-
total
25 758
19 940
-
-
Dividends
180 305
139 582
-
-
withholding
30 651
23 728
-
-
total
30 651
23 728
-
-
Income
245 000
245 000
245 000
245 000
Total tax
71 980
66 490
82 882
80 909
After tax
173 020
178 510
162 118
164 091
Living cost
23 365
23 365
23 365
23 365
Free-cash
149 655
155 145
138 753
140 726

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.
₽6554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽186861
₽181726
₽193394
₽173153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
245 000
income
-
-
-
25 483
pensions
-
-
-
6 419
unemployment
-
-
-
29
health
-
-
-
3 652
total
-
-
-
35 583
Employee

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

23 164
-
235 137
-
health
1 969
-
8 139
-
income
1 584
-
22 980
-
pensions
3 474
-
14 363
-
unemployment
115
-
479
-
total
7 142
-
45 961
-
Employer

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

23 164
-
235 137
-
unemployment
115
-
479
-
pensions
1 274
-
5 267
-
health
996
-
4 117
-
total
2 385
-
9 863
-
Corporate
219 451
245 000
-
-
income
19 751
22 051
-
-
total
19 751
22 051
-
-
Dividends
199 701
222 949
-
-
withholding
17 973
20 065
-
-
total
17 973
20 065
-
-
Income
245 000
245 000
245 000
245 000
Total tax
47 251
42 116
55 824
35 583
After tax
197 749
202 884
189 176
209 417
Living cost
16 023
16 023
16 023
16 023
Free-cash
181 726
186 861
173 153
193 394

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
₽134748
₽130290
₽108988
₽104753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
843
income
-
-
-
80 198
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
108 261
Employee
37 315
-
215 180
-
other
36
-
94
-
income
7 194
-
76 734
-
pensions
1 754
-
4 397
-
unemployment
578
-
1 450
-
total
9 562
-
82 675
-
Employer
37 315
-
215 180
-
accident
739
-
1 852
-
other
299
-
749
-
unemployment
2 053
-
5 144
-
pensions
8 806
-
22 076
-
total
11 897
-
29 821
-
Corporate
195 788
245 000
-
-
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.

29 368
36 749
-
-
total
29 368
36 749
-
-
Dividends
166 420
208 251
-
-
withholding
36 132
45 752
-
-
total
36 132
45 752
-
-
Income
245 000
245 000
245 000
245 000
Total tax
86 959
82 501
112 496
108 261
After tax
158 041
162 499
132 504
136 739
Living cost
27 751
27 751
27 751
27 751
Free-cash
130 290
134 748
104 753
108 988

Estimated living cost  is ₽27751 per week

₽18732
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
₽150124
₽149670
₽154876
₽154678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
83 901
pensions
-
-
-
2 010
health
-
-
-
1 457
total
-
-
-
87 368
Employee
4 198
-
242 738
-
health
210
-
503
-
income
812
-
83 795
-
pensions
378
-
905
-
unemployment
42
-
101
-
total
1 442
-
85 304
-
Employer
4 198
-
242 738
-
unemployment
84
-
201
-
pensions
462
-
1 106
-
health
399
-
955
-
total
945
-
2 262
-
Corporate
239 858
245 000
-
-
income
52 769
53 900
-
-
total
52 769
53 900
-
-
Dividends
187 089
191 100
-
-
withholding
37 418
38 220
-
-
total
37 418
38 220
-
-
Income
245 000
245 000
245 000
245 000
Total tax
92 574
92 120
87 566
87 368
After tax
152 426
152 880
157 434
157 632
Living cost
2 756
2 756
2 756
2 756
Free-cash
149 670
150 124
154 678
154 876

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
₽159559
₽154595
₽142320
₽142321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
income
-
-
-
57 034
pensions
-
-
-
19 392
unemployment
-
-
-
1 119
health
-
-
-
7 682
total
-
-
-
85 227
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
-
231 649
-
health
1 355
-
3 841
-
income
3 628
-
57 034
-
pensions
3 685
-
10 442
-
unemployment
197
-
559
-
total
8 865
-
71 876
-
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
-
231 649
-
unemployment
197
-
559
-
pensions
3 158
-
8 950
-
health
1 355
-
3 841
-
total
4 710
-
13 350
-
Corporate
213 970
245 000
-
-
income
32 096
36 750
-
-
total
32 096
36 750
-
-
Dividends
181 875
208 250
-
-
withholding
27 281
31 238
-
-
total
27 281
31 238
-
-
Income
245 000
245 000
245 000
245 000
Total tax
72 952
67 988
85 226
85 227
After tax
172 048
177 012
159 774
159 773
Living cost
17 453
17 453
17 453
17 453
Free-cash
154 595
159 559
142 321
142 320

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
₽112149
₽111785
₽99687
₽79882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
income
-
-
-
32 968
surtax
-
-
-
-
social contributions

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

-
-
-
85 138
total
-
-
-
118 106
Employee
39 169
-
197 980
-
social contributions
4 309
-
21 779
-
surtax
-
-
575
-
income
7 653
-
68 537
-
total
11 962
-
90 891
-
Employer
39 169
-
197 980
-
social contributions
9 302
-
47 020
-
total
9 302
-
47 020
-
Corporate
196 530
245 000
-
-
surtax
-
-
-
-
income
41 271
51 450
-
-
total
41 271
51 450
-
-
Dividends
155 259
193 550
-
-
withholding
43 473
54 194
-
-
total
43 473
54 194
-
-
Income
245 000
245 000
245 000
245 000
Total tax
106 008
105 644
137 911
118 106
After tax
138 992
139 356
107 089
126 894
Living cost
27 207
27 207
27 207
27 207
Free-cash
111 785
112 149
79 882
99 687

Estimated living cost  is ₽27207 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
₽127032
₽120426
₽101272
₽97037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
843
income
-
-
-
80 198
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
108 261
Employee
48 739
-
215 180
-
other
48
-
94
-
income
10 180
-
76 734
-
pensions
2 290
-
4 397
-
unemployment
755
-
1 450
-
total
13 273
-
82 675
-
Employer
48 739
-
215 180
-
accident
965
-
1 852
-
other
391
-
749
-
unemployment
2 681
-
5 144
-
pensions
11 502
-
22 076
-
total
15 539
-
29 821
-
Corporate
180 722
245 000
-
-
income

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

27 108
36 749
-
-
total
27 108
36 749
-
-
Dividends
153 613
208 251
-
-
withholding
33 187
45 752
-
-
total
33 187
45 752
-
-
Income
245 000
245 000
245 000
245 000
Total tax
89 107
82 501
112 496
108 261
After tax
155 893
162 499
132 504
136 739
Living cost
35 467
35 467
35 467
35 467
Free-cash
120 426
127 032
97 037
101 272

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
₽192104
₽185950
₽181462
₽191793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
36 750
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
-
-
-
46 167
Employee
23 001
-
238 080
-
health
1 058
-
1 622
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
income
2 300
-
23 808
-
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
-
28 915
-
Employer
23 001
-
238 080
-
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
217 486
245 000
-
-
income
21 749
24 500
-
-
total
21 749
24 500
-
-
Dividends
195 737
220 500
-
-
withholding
9 787
11 025
-
-
total
9 787
11 025
-
-
Income
245 000
245 000
245 000
245 000
Total tax
41 679
35 525
35 836
46 167
After tax
203 321
209 475
209 164
198 833
Living cost
17 371
17 371
17 371
17 371
Free-cash
185 950
192 104
191 793
181 462

Estimated living cost  is ₽17371 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
₽87016
₽100220
₽82956
₽111380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
trade
-
-
-
28 424
income

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

-
-
-
83 189
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.

-
-
-
4 575
total
-
-
-
123 082
Employee

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

50 213
-
245 000
-
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
-
4 575
-
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
-
83 189
-
total
11 251
-
94 658
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
194 787
245 000
-
-
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.

1 607
2 020
-
-
income
29 219
36 749
-
-
trade
27 951
35 158
-
-
chamber of commerce
439
513
-
-
total
59 216
74 440
-
-
Dividends
135 572
170 560
-
-
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.

1 842
2 325
-
-
withholding
33 509
42 257
-
-
total
35 351
44 582
-
-
Income
245 000
245 000
245 000
245 000
Total tax
105 818
119 022
94 658
123 082
After tax
139 182
125 978
150 342
121 918
Living cost
38 962
38 962
38 962
38 962
Free-cash
100 220
87 016
111 380
82 956

Estimated living cost  is ₽38962 per week

₽26877
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
₽114012
₽116241
₽63762
₽63762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
81 320
social contributions
-
-
-
42 431
total
-
-
-
123 751
Employee
78 941
-
245 000
-
income
14 896
-
81 320
-
social contributions
6 558
-
42 431
-
total
21 454
-
123 751
-
Employer
78 941
-
245 000
-
total
-
-
-
-
Corporate
166 059
245 000
-
-
income
20 758
30 625
-
-
total
20 758
30 625
-
-
Dividends
145 302
214 375
-
-
withholding
29 060
42 876
-
-
total
29 060
42 876
-
-
Income
245 000
245 000
245 000
245 000
Total tax
71 272
73 501
123 751
123 751
After tax
173 728
171 499
121 249
121 249
Living cost
57 487
57 487
57 487
57 487
Free-cash
116 241
114 012
63 762
63 762

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
₽117285
₽120812
₽164876
₽133463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
income
-
-
-
36 749
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
-
-
-
43 490
Employee
46 295
-
240 358
-
income
5 023
-
65 619
-
social contributions
4 638
-
4 642
-
total
9 661
-
70 261
-
Employer
46 295
-
240 358
-
social contributions
4 638
-
4 642
-
total
4 638
-
4 642
-
Corporate
194 066
245 000
-
-
income
67 923
85 749
-
-
total
67 923
85 749
-
-
Dividends
126 143
159 251
-
-
social contributions
5 332
5 332
-
-
total
5 332
5 332
-
-
Income
245 000
245 000
245 000
245 000
Total tax
87 554
91 081
74 903
43 490
After tax
157 446
153 919
170 097
201 510
Living cost
36 634
36 634
36 634
36 634
Free-cash
120 812
117 285
133 463
164 876

Estimated living cost  is ₽36634 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
₽115575
₽121569
₽119846
₽98038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
income
-
-
-
77 096
pensions
-
-
-
10 443
total
-
-
-
87 539
Employee
51 632
-
213 405
-
health
674
-
2 835
-
income
9 403
-
62 558
-
pensions
3 941
-
12 358
-
total
14 018
-
77 751
-
Employer
51 632
-
213 405
-
pensions
5 216
-
27 541
-
health
981
-
4 055
-
total
6 197
-
31 596
-
Corporate
187 170
245 000
-
-
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.

35 563
46 549
-
-
total
35 563
46 549
-
-
Dividends
151 607
198 451
-
-
withholding
30 038
45 261
-
-
total
30 038
45 261
-
-
Income
245 000
245 000
245 000
245 000
Total tax
85 816
91 810
109 347
87 539
After tax
159 184
153 190
135 653
157 461
Living cost
37 615
37 615
37 615
37 615
Free-cash
121 569
115 575
98 038
119 846

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
-₽4055
₽16179
₽143337
₽111579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
accident
-
-
-
253
income
-
-
-
70 776
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
77 763
Employee
37 595
-
224 690
-
health
4 304
-
25 727
-
income
5 158
-
55 830
-
pensions
4 233
-
7 654
-
total
13 695
-
89 211
-
Employer
37 595
-
224 690
-
accident
628
-
3 752
-
unemployment
921
-
5 505
-
pensions
6 113
-
11 053
-
total
7 662
-
20 310
-
Corporate
199 744
245 000
-
-
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.

179 769
220 500
-
-
total
179 769
220 500
-
-
Dividends
19 974
24 500
-
-
withholding
3 795
4 655
-
-
total
3 795
4 655
-
-
Income
245 000
245 000
245 000
245 000
Total tax
204 921
225 155
109 521
77 763
After tax
40 079
19 845
135 479
167 237
Living cost
23 900
23 900
23 900
23 900
Free-cash
16 179
-4 055
111 579
143 337

Estimated living cost  is ₽23900 per week

₽17540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1393
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.
₽4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽173794
₽170740
₽145575
₽167768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
245 000
work injury
-
-
-
807
health insurance
-
-
-
11 943
income
-
-
-
41 411
pensions
-
-
-
29 696
unemployment
-
-
-
1 937
total
-
-
-
85 794
Employee

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

21 810
-
245 000
-
work injury
109
-
403
-
income
2 181
-
41 411
-
pensions
4 013
-
14 848
-
health insurance
1 614
-
5 971
-
unemployment
262
-
968
-
total
8 179
-
63 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
223 190
245 000
-
-
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%.

22 319
24 500
-
-
total
22 319
24 500
-
-
Dividends
200 871
220 500
-
-
withholding
30 131
33 075
-
-
total
30 131
33 075
-
-
Income
245 000
245 000
245 000
245 000
Total tax
60 629
57 575
63 601
85 794
After tax
184 371
187 425
181 399
159 206
Living cost
13 631
13 631
13 631
13 631
Free-cash
170 740
173 794
167 768
145 575

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
₽88846
₽84255
₽75848
₽67557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
245 000
municipal
-
-
-
1 750
regional
-
-
-
6 139
national
-
-
-
70 551
social contributions
-
-
-
50 509
total
-
-
-
128 949
Employee
85 040
-
245 000
-
social contributions
28 675
-
66 219
-
regional
1 284
-
5 616
-
municipal
508
-
1 609
-
national
14 371
-
63 796
-
total
44 838
-
137 240
-
Employer
85 040
-
245 000
-
total
-
-
-
-
Corporate
159 960
245 000
-
-
nationa
38 390
58 800
-
-
municipal
7 710
11 809
-
-
total
46 100
70 609
-
-
Dividends
113 859
174 392
-
-
withholding
29 604
45 342
-
-
total
29 604
45 342
-
-
Income
245 000
245 000
245 000
245 000
Total tax
120 542
115 951
137 240
128 949
After tax
124 458
129 049
107 760
116 051
Living cost
40 203
40 203
40 203
40 203
Free-cash
84 255
88 846
67 557
75 848

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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