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
₽ 247000
per

Your estimated
City
free-cash

Dresden , Germany
₽93899
₽105060
₽89377
₽120890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
trade
-
-
-
31 513
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.

-
-
-
84 028
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.

-
-
-
4 621
total
-
-
-
127 056
Employee

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

38 599
-
247 000
-
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
-
4 621
-
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
-
84 028
-
total
8 031
-
95 543
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
208 401
247 000
-
-
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.

1 720
2 038
-
-
income
31 260
37 049
-
-
trade
32 823
38 903
-
-
chamber of commerce
452
507
-
-
total
66 255
78 497
-
-
Dividends
142 147
168 502
-
-
surtax

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

1 934
2 296
-
-
withholding
35 153
41 741
-
-
total
37 087
44 037
-
-
Income
247 000
247 000
247 000
247 000
Total tax
111 373
122 534
95 543
127 056
After tax
135 627
124 466
151 457
119 944
Living cost
30 567
30 567
30 567
30 567
Free-cash
105 060
93 899
120 890
89 377

Estimated living cost  is ₽30567 per week

₽19227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₽103134
₽102286
₽88212
₽89539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
27 553
pensions
-
-
-
29 640
national
-
-
-
47 946
social contributions
-
-
-
2 655
total
-
-
-
107 794
Employee
79 050
-
213 529
-
municipal
9 764
-
28 509
-
pensions
3 162
-
8 541
-
national
15 130
-
50 040
-
total
28 056
-
87 090
-
Employer
79 050
-
213 529
-
social contributions
850
-
2 295
-
pensions
6 324
-
17 082
-
total
7 174
-
19 377
-
Corporate
155 559
247 000
-
-
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%.

31 112
49 400
-
-
total
31 112
49 400
-
-
Dividends
124 447
197 600
-
-
withholding
27 378
43 472
-
-
total
27 378
43 472
-
-
Income
247 000
247 000
247 000
247 000
Total tax
93 720
92 872
106 467
107 794
After tax
153 280
154 128
140 533
139 206
Living cost
50 994
50 994
50 994
50 994
Free-cash
102 286
103 134
89 539
88 212

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
₽176605
₽168327
₽70188
₽87446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
microenterprise
-
-
-
-
income
-
-
-
54 166
surtax
-
-
-
62 985
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
-
-
-
155 817
Employee
29 488
-
196 421
-
social contributions

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

3 244
-
13 229
-
surtax
-
-
28 481
-
income
5 249
-
46 270
-
total
8 493
-
87 980
-
Employer
29 488
-
196 421
-
social contributions

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

7 103
-
28 973
-
surtax
-
-
21 606
-
total
7 103
-
50 579
-
Corporate
210 409
247 000
-
-
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%.

42 082
49 400
-
-
total
42 082
49 400
-
-
Dividends

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

168 326
197 600
-
-
total
-
-
-
-
Income
247 000
247 000
247 000
247 000
Total tax
57 678
49 400
138 559
155 817
After tax
189 322
197 600
108 441
91 183
Living cost
20 995
20 995
20 995
20 995
Free-cash
168 327
176 605
87 446
70 188

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
₽81044
₽74862
₽89271
₽115656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
91 186
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
115 454
Employee
86 179
86 179
228 246
-
health
13 228
11 251
12 444
-
income

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

14 106
14 106
46 046
-
pensions
15 512
11 824
11 824
-
total
42 846
37 181
70 314
-
Employer
86 179
86 179
228 246
-
unemployment
3 102
3 102
3 855
-
pensions
5 998
5 998
7 455
-
health
5 990
5 990
7 444
-
total
15 090
15 090
18 754
-
Corporate
146 787
145 730
-
-
income
29 358
29 146
-
-
total
29 358
29 146
-
-
Dividends
117 429
116 584
-
-
income
24 954
24 774
-
-
withholding
17 615
17 489
-
-
total
42 569
42 263
-
-
Income
247 000
247 000
247 000
247 000
Total tax
129 863
123 680
89 068
115 454
After tax
117 137
123 320
157 932
131 546
Living cost
42 276
42 276
42 276
42 276
Free-cash
74 862
81 044
115 656
89 271

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
₽95872
₽94996
₽83224
₽82278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
66 273
accident
-
-
-
171
pensions
-
-
-
9 237
other
-
-
-
9 930
unemployment
-
-
-
86
health
-
-
-
5 332
national
-
-
-
33 757
total
-
-
-
124 786
Employee
55 558
-
220 151
-
municipal
16 567
-
65 649
-
national
-
-
33 234
-
total
16 567
-
98 883
-
Employer
55 558
-
220 151
-
accident
111
-
171
-
other
6 456
-
9 930
-
unemployment
1 467
-
2 256
-
pensions
6 006
-
9 237
-
health
3 417
-
5 255
-
total
17 457
-
26 849
-
Corporate
173 986
247 000
-
-
income
38 277
54 340
-
-
total
38 277
54 340
-
-
Dividends
135 709
192 660
-
-
withholding
40 713
57 798
-
-
total
40 713
57 798
-
-
Income
247 000
247 000
247 000
247 000
Total tax
113 014
112 138
125 732
124 786
After tax
133 986
134 862
121 268
122 214
Living cost
38 990
38 990
38 990
38 990
Free-cash
94 996
95 872
82 278
83 224

Estimated living cost  is ₽38990 per week

₽25841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽83552
₽97729
₽78900
₽111813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
trade
-
-
-
32 913
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.

-
-
-
84 028
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.

-
-
-
4 621
total
-
-
-
128 456
Employee

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

51 177
-
247 000
-
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
-
4 621
-
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
-
84 028
-
total
11 532
-
95 543
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
195 823
247 000
-
-
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.

1 616
2 038
-
-
income
29 374
37 049
-
-
trade
32 214
40 632
-
-
chamber of commerce
431
504
-
-
total
63 635
80 223
-
-
Dividends
132 189
166 777
-
-
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.

1 796
2 271
-
-
withholding
32 664
41 310
-
-
total
34 460
43 581
-
-
Income
247 000
247 000
247 000
247 000
Total tax
109 627
123 804
95 543
128 456
After tax
137 373
123 196
151 457
118 544
Living cost
39 644
39 644
39 644
39 644
Free-cash
97 729
83 552
111 813
78 900

Estimated living cost  is ₽39644 per week

₽26514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₽147232
₽143045
₽132626
₽130641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
59 015
health
-
-
-
6 299
social contributions
-
-
-
16 328
total
-
-
-
81 642
Employee
77 600
77 600
233 985
-
social contributions
3 771
6 440
8 687
-
health
772
1 319
3 978
-
income
8 149
7 183
57 947
-
total
12 692
14 942
70 612
-
Employer
77 600
77 600
233 985
-
social contributions
3 771
6 440
8 687
-
health
841
1 436
4 328
-
total
4 612
7 876
13 015
-
Corporate
196 965
161 523
-
-
income
24 620
20 191
-
-
total
24 620
20 191
-
-
Dividends
172 344
141 332
-
-
withholding
29 299
24 027
-
-
total
29 299
24 027
-
-
Income
247 000
247 000
247 000
247 000
Total tax
71 223
67 036
83 627
81 642
After tax
175 777
179 964
163 373
165 358
Living cost
32 732
32 732
32 732
32 732
Free-cash
143 045
147 232
130 641
132 626

Estimated living cost  is ₽32732 per week

₽22376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽550
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽120270
₽120651
₽152772
₽124852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
30 196
pensions
-
-
-
24 700
unemployment
-
-
-
3 705
health
-
-
-
17 290
total
-
-
-
75 891
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 470
10 535
206 695
-
health
1 853
737
14 469
-
income
3 236
1 288
25 268
-
pensions
2 647
1 053
20 669
-
unemployment
397
158
3 100
-
total
8 133
3 236
63 506
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

26 470
10 535
206 695
-
pensions
5 162
2 054
40 305
-
total
5 162
2 054
40 305
-
Corporate
215 369
234 411
-
-
income
19 383
21 097
-
-
total
19 383
21 097
-
-
Dividends
195 986
213 314
-
-
social contributions
38 097
41 476
-
-
withholding
37 237
40 530
-
-
total
75 334
82 006
-
-
Income
247 000
247 000
247 000
247 000
Total tax
108 012
108 393
103 811
75 891
After tax
138 988
138 607
143 189
171 109
Living cost
18 337
18 337
18 337
18 337
Free-cash
120 651
120 270
124 852
152 772

Estimated living cost  is ₽18337 per week

₽12513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽173225
₽166955
₽108017
₽117992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
33 098
pensions
-
-
-
49 400
health
-
-
-
32 110
total
-
-
-
114 608
Employee
28 629
-
184 605
-
income
3 223
-
35 592
-
pensions
573
-
3 692
-
unemployment
458
-
2 953
-
total
4 254
-
42 237
-
Employer
28 629
-
184 605
-
unemployment
230
-
1 477
-
pensions
5 726
-
36 921
-
health
3 721
-
23 998
-
total
9 677
-
62 396
-
Corporate
208 695
247 000
-
-
income
41 739
49 400
-
-
total
41 739
49 400
-
-
Dividends
166 955
197 600
-
-
total
-
-
-
-
Income
247 000
247 000
247 000
247 000
Total tax
55 670
49 400
104 633
114 608
After tax
191 330
197 600
142 367
132 392
Living cost
24 375
24 375
24 375
24 375
Free-cash
166 955
173 225
117 992
108 017

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
-₽2062
₽16621
₽146527
₽114567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
253
income
-
-
-
71 417
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 404
Employee
34 715
-
226 612
-
health
3 975
-
25 947
-
income
4 763
-
56 376
-
pensions
3 909
-
7 653
-
total
12 647
-
89 976
-
Employer
34 715
-
226 612
-
accident
580
-
3 784
-
unemployment
850
-
5 552
-
pensions
5 645
-
11 052
-
total
7 075
-
20 388
-
Corporate
205 210
247 000
-
-
income

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

184 689
222 300
-
-
total
184 689
222 300
-
-
Dividends
20 521
24 700
-
-
withholding
3 899
4 693
-
-
total
3 899
4 693
-
-
Income
247 000
247 000
247 000
247 000
Total tax
208 310
226 993
110 364
78 404
After tax
38 690
20 007
136 636
168 596
Living cost
22 069
22 069
22 069
22 069
Free-cash
16 621
-2 062
114 567
146 527

Estimated living cost  is ₽22069 per week

₽16174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₽225571
₽223869
₽235451
₽188521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
247 000
microenterprise

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

-
-
-
2 470
total
-
-
-
2 470
Employee
11 349
-
247 000
-
income
2 269
-
49 400
-
total
2 269
-
49 400
-
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%.

235 651
247 000
-
-
total
-
-
-
-
Dividends
235 651
247 000
-
-
withholding
11 783
12 350
-
-
total
11 783
12 350
-
-
Income
247 000
247 000
247 000
247 000
Total tax
14 052
12 350
49 400
2 470
After tax
232 948
234 650
197 600
244 530
Living cost
9 079
9 079
9 079
9 079
Free-cash
223 869
225 571
188 521
235 451

Estimated living cost  is ₽9079 per week

₽5627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽755
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₽154582
₽147766
₽124476
₽122482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
44 761
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
-
-
-
95 634
Employee
36 642
-
207 894
-
health
513
-
2 149
-
income
6 308
-
44 097
-
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
-
58 522
-
Employer
36 642
-
207 894
-
accident
293
-
1 662
-
other
1 833
-
7 672
-
unemployment
366
-
1 534
-
pensions

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

6 230
-
26 089
-
health
513
-
2 149
-
total
9 235
-
39 106
-
Corporate
201 124
247 000
-
-
income
42 235
51 870
-
-
total
42 235
51 870
-
-
Dividends
158 888
195 130
-
-
withholding
11 123
13 658
-
-
total
11 123
13 658
-
-
Income
247 000
247 000
247 000
247 000
Total tax
72 344
65 528
97 628
95 634
After tax
174 656
181 472
149 372
151 366
Living cost
26 890
26 890
26 890
26 890
Free-cash
147 766
154 582
122 482
124 476

Estimated living cost  is ₽26890 per week

₽19000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₽86556
₽94710
₽90910
₽68933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
77 880
pensions
-
-
-
10 483
total
-
-
-
88 363
Employee
95 823
-
215 132
-
health
1 579
-
2 853
-
income
17 273
-
63 227
-
pensions
9 244
-
12 394
-
total
28 096
-
78 474
-
Employer
95 823
-
215 132
-
pensions
11 314
-
27 778
-
health
1 820
-
4 088
-
total
13 134
-
31 866
-
Corporate
138 043
247 000
-
-
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.

26 228
46 931
-
-
total
26 228
46 931
-
-
Dividends
111 815
200 069
-
-
withholding
17 105
45 786
-
-
total
17 105
45 786
-
-
Income
247 000
247 000
247 000
247 000
Total tax
84 563
92 717
110 340
88 363
After tax
162 437
154 283
136 660
158 637
Living cost
67 727
67 727
67 727
67 727
Free-cash
94 710
86 556
68 933
90 910

Estimated living cost  is ₽67727 per week

₽50749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₽197946
₽193256
₽187294
₽197725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
37 050
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
-
-
-
46 467
Employee
17 531
-
240 080
-
health
806
-
1 622
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
income
1 753
-
24 008
-
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
-
29 115
-
Employer
17 531
-
240 080
-
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
226 029
247 000
-
-
income
22 603
24 700
-
-
total
22 603
24 700
-
-
Dividends
203 426
222 300
-
-
withholding
10 171
11 115
-
-
total
10 171
11 115
-
-
Income
247 000
247 000
247 000
247 000
Total tax
40 505
35 815
36 036
46 467
After tax
206 495
211 185
210 964
200 533
Living cost
13 239
13 239
13 239
13 239
Free-cash
193 256
197 946
197 725
187 294

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
₽67360
₽69899
₽75586
₽101972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
91 186
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
115 454
Employee
93 563
86 179
228 246
-
health
11 672
11 251
12 444
-
income

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

14 106
14 106
46 046
-
pensions
11 824
11 824
11 824
-
total
37 602
37 181
70 314
-
Employer
93 563
86 179
228 246
-
unemployment
3 369
3 102
3 855
-
pensions
6 511
5 998
7 455
-
health
6 502
5 990
7 444
-
total
16 382
15 090
18 754
-
Corporate
137 056
145 730
-
-
income
27 411
29 146
-
-
total
27 411
29 146
-
-
Dividends
109 645
116 584
-
-
income
23 299
24 774
-
-
withholding
16 447
17 489
-
-
total
39 746
42 263
-
-
Income
247 000
247 000
247 000
247 000
Total tax
121 141
123 680
89 068
115 454
After tax
125 859
123 320
157 932
131 546
Living cost
55 960
55 960
55 960
55 960
Free-cash
69 899
67 360
101 972
75 586

Estimated living cost  is ₽55960 per week

₽41280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽642
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽145889
₽137267
₽123691
₽112588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
26 831
health
-
-
-
33 345
solidarity contribution
-
-
-
4 184
social contributions
-
-
-
34 779
total
-
-
-
99 139
Employee
35 544
-
199 287
-
social contributions
2 310
-
7 742
-
health
4 798
-
26 904
-
solidarity contribution
-
-
3 187
-
income
4 265
-
24 696
-
total
11 373
-
62 529
-
Employer
35 544
-
199 287
-
social contributions
8 886
-
29 777
-
health
3 199
-
17 936
-
total
12 085
-
47 713
-
Corporate
199 371
247 000
-
-
income
37 881
46 930
-
-
total
37 881
46 930
-
-
Dividends
161 491
200 070
-
-
withholding
24 224
30 011
-
-
total
24 224
30 011
-
-
Income
247 000
247 000
247 000
247 000
Total tax
85 563
76 941
110 242
99 139
After tax
161 437
170 059
136 758
147 861
Living cost
24 170
24 170
24 170
24 170
Free-cash
137 267
145 889
112 588
123 691

Estimated living cost  is ₽24170 per week

₽16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₽89201
₽83932
₽77706
₽69150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
1 572
regional
-
-
-
3 218
national
-
-
-
71 412
social contributions
-
-
-
50 509
total
-
-
-
126 711
Employee
89 689
-
247 000
-
social contributions
30 243
-
66 218
-
regional
846
-
2 946
-
municipal
475
-
1 446
-
national
15 541
-
64 657
-
total
47 105
-
135 267
-
Employer
89 689
-
247 000
-
total
-
-
-
-
Corporate
157 311
247 000
-
-
nationa
37 754
59 280
-
-
municipal
6 136
9 633
-
-
total
43 890
68 913
-
-
Dividends
113 421
178 088
-
-
withholding
29 490
46 303
-
-
total
29 490
46 303
-
-
Income
247 000
247 000
247 000
247 000
Total tax
120 485
115 216
135 267
126 711
After tax
126 515
131 784
111 733
120 289
Living cost
42 583
42 583
42 583
42 583
Free-cash
83 932
89 201
69 150
77 706

Estimated living cost  is ₽42583 per week

₽29684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽653
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₽133094
₽129954
₽93698
₽87530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
80 451
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 852
total
-
-
-
131 033
Employee
33 373
-
218 649
-
other
-
-
-
-
health
852
-
3 434
-
surtax
109
-
12 643
-
income
5 594
-
74 415
-
pensions
2 225
-
8 984
-
unemployment
2 323
-
9 374
-
total
11 103
-
108 850
-
Employer
33 373
-
218 649
-
other
-
-
-
-
unemployment
1 057
-
4 269
-
pensions
4 449
-
17 954
-
health
1 519
-
6 128
-
total
7 025
-
28 351
-
Corporate
206 603
247 000
-
-
income
53 716
64 221
-
-
total
53 716
64 221
-
-
Dividends
152 887
182 779
-
-
withholding
22 933
27 416
-
-
total
22 933
27 416
-
-
Income
247 000
247 000
247 000
247 000
Total tax
94 777
91 637
137 201
131 033
After tax
152 223
155 363
109 799
115 967
Living cost
22 269
22 269
22 269
22 269
Free-cash
129 954
133 094
87 530
93 698

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
₽108014
₽114703
₽112368
₽90391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
77 880
pensions
-
-
-
10 483
total
-
-
-
88 363
Employee
64 218
-
215 132
-
health
932
-
2 853
-
income
11 566
-
63 227
-
pensions
5 451
-
12 394
-
total
17 949
-
78 474
-
Employer
64 218
-
215 132
-
pensions
6 952
-
27 778
-
health
1 220
-
4 088
-
total
8 172
-
31 866
-
Corporate
174 610
247 000
-
-
income

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

33 177
46 931
-
-
total
33 177
46 931
-
-
Dividends
141 433
200 069
-
-
withholding
26 730
45 786
-
-
total
26 730
45 786
-
-
Income
247 000
247 000
247 000
247 000
Total tax
86 028
92 717
110 340
88 363
After tax
160 972
154 283
136 660
158 637
Living cost
46 269
46 269
46 269
46 269
Free-cash
114 703
108 014
90 391
112 368

Estimated living cost  is ₽46269 per week

₽34665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
₽36675
₽69308
₽117901
₽110302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
city
-
-
-
2 603
pensions
-
-
-
22 724
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.

-
-
-
4 941
regional
-
-
-
14 514
health
-
-
-
556
national
-
-
-
7 488
total
-
-
-
52 826
Employee
89 259
-
222 871
-
city
958
-
2 417
-
regional
2 923
-
12 992
-
health
202
-
501
-
pensions
7 499
-
16 720
-
unemployment
-
-
-
-
national
422
-
6 117
-
total
12 004
-
38 747
-
Employer
89 259
-
222 871
-
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
-
4 457
-
unemployment
-
-
-
-
pensions
7 499
-
16 720
-
health
202
-
501
-
total
9 486
-
21 678
-
Corporate
147 275
247 000
-
-
regional
31 149
52 240
-
-
national
12 518
20 994
-
-
total
43 667
73 234
-
-
Dividends
103 607
173 766
-
-
withholding
36 262
60 818
-
-
total
36 262
60 818
-
-
Income
247 000
247 000
247 000
247 000
Total tax
101 419
134 052
60 425
52 826
After tax
145 581
112 948
186 575
194 174
Living cost
76 273
76 273
76 273
76 273
Free-cash
69 308
36 675
110 302
117 901

Estimated living cost  is ₽76273 per week

₽49599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽936
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₽75694
₽92057
₽70912
₽105226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
trade
-
-
-
34 315
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.

-
-
-
84 028
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.

-
-
-
4 621
total
-
-
-
129 858
Employee

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

60 649
-
247 000
-
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
-
4 621
-
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
-
84 028
-
total
14 419
-
95 543
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
186 351
247 000
-
-
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.

1 538
2 038
-
-
income
27 953
37 049
-
-
trade
31 959
42 360
-
-
chamber of commerce
416
502
-
-
total
61 866
81 949
-
-
Dividends
124 486
165 052
-
-
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.

1 691
2 248
-
-
withholding
30 737
40 879
-
-
total
32 428
43 127
-
-
Income
247 000
247 000
247 000
247 000
Total tax
108 713
125 076
95 543
129 858
After tax
138 287
121 924
151 457
117 142
Living cost
46 230
46 230
46 230
46 230
Free-cash
92 057
75 694
105 226
70 912

Estimated living cost  is ₽46230 per week

₽33765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽601
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₽89962
₽95923
₽98903
₽90398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
48 826
pensions
-
-
-
37 444
other
-
-
-
7 657
health
-
-
-
12 605
surtax
-
-
-
-
social contributions
-
-
-
7 038
total
-
-
-
113 570
Employee
43 191
-
187 529
-
social contributions
1 231
-
5 343
-
surtax
-
-
-
-
income
2 549
-
42 713
-
pensions
4 883
-
14 547
-
total
8 663
-
62 603
-
Employer
43 191
-
187 529
-
other
1 490
-
7 958
-
social contributions
130
-
563
-
unemployment
1 748
-
7 595
-
pensions
7 095
-
24 221
-
health
3 024
-
19 135
-
total
13 487
-
59 472
-
Corporate
190 321
247 000
-
-
surtax
-
-
-
-
income
53 289
69 160
-
-
total
53 289
69 160
-
-
Dividends
137 032
177 840
-
-
surtax
-
-
-
-
social contributions
23 571
30 588
-
-
withholding
17 540
22 763
-
-
total
41 111
53 351
-
-
Income
247 000
247 000
247 000
247 000
Total tax
116 550
122 511
122 075
113 570
After tax
130 450
124 489
124 925
133 430
Living cost
34 527
34 527
34 527
34 527
Free-cash
95 923
89 962
90 398
98 903

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
₽93383
₽98989
₽102324
₽93819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
48 826
pensions
-
-
-
37 444
other
-
-
-
7 657
health
-
-
-
12 605
surtax
-
-
-
-
social contributions
-
-
-
7 038
total
-
-
-
113 570
Employee
38 554
-
187 529
-
social contributions
1 099
-
5 343
-
surtax
-
-
-
-
income
1 988
-
42 713
-
pensions
4 361
-
14 547
-
total
7 448
-
62 603
-
Employer
38 554
-
187 529
-
other
1 331
-
7 958
-
social contributions
115
-
563
-
unemployment
1 561
-
7 595
-
pensions
6 335
-
24 221
-
health
2 698
-
19 135
-
total
12 040
-
59 472
-
Corporate
196 406
247 000
-
-
surtax
-
-
-
-
income
54 994
69 160
-
-
total
54 994
69 160
-
-
Dividends
141 412
177 840
-
-
surtax
-
-
-
-
social contributions
24 322
30 588
-
-
withholding
18 101
22 763
-
-
total
42 423
53 351
-
-
Income
247 000
247 000
247 000
247 000
Total tax
116 905
122 511
122 075
113 570
After tax
130 095
124 489
124 925
133 430
Living cost
31 106
31 106
31 106
31 106
Free-cash
98 989
93 383
93 819
102 324

Estimated living cost  is ₽31106 per week

₽18040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽590
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽129294
₽129818
₽137223
₽130095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
37 049
health
-
-
-
17 242
social contributions
-
-
-
34 087
total
-
-
-
88 378
Employee
34 217
-
247 000
-
social contributions
4 723
-
34 087
-
health
2 388
-
17 242
-
income
5 707
-
44 177
-
total
12 818
-
95 506
-
Employer
34 217
-
247 000
-
total
-
-
-
-
Corporate
212 783
247 000
-
-
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%.

10 638
12 350
-
-
total
10 638
12 350
-
-
Dividends
202 145
234 650
-
-
health
14 110
16 378
-
-
social contributions
27 895
32 382
-
-
withholding
30 322
35 197
-
-
total
72 327
83 957
-
-
Income
247 000
247 000
247 000
247 000
Total tax
95 783
96 307
95 506
88 378
After tax
151 217
150 693
151 494
158 622
Living cost
21 399
21 399
21 399
21 399
Free-cash
129 818
129 294
130 095
137 223

Estimated living cost  is ₽21399 per week

₽14321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽100444
₽98884
₽90651
₽28735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
chamber of commerce
-
-
-
988
income
-
-
-
82 584
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
199
total
-
-
-
120 790
Employee
50 434
40 217
206 412
-
other
504
402
1 180
-
health
1 951
1 557
4 562
-
income
5 741
2 966
70 123
-
pensions
5 165
4 117
12 073
-
unemployment
1 513
1 207
3 537
-
total
14 874
10 249
91 475
-
Employer
50 434
40 217
206 412
-
accident
655
523
1 532
-
other
2 396
1 909
9 051
-
chamber of commerce
201
161
825
-
unemployment
1 513
1 207
3 537
-
surtax
199
199
199
-
pensions
6 329
5 048
14 796
-
payroll
1 513
1 207
6 191
-
health
1 906
1 521
4 456
-
total
14 712
11 775
40 587
-
Corporate
181 855
195 009
202 581
-
income

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

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

45 464
48 752
50 644
-
total
45 464
48 752
50 644
-
Dividends
136 390
146 257
-
-
withholding
37 507
40 221
-
-
total
37 507
40 221
-
-
Income
247 000
247 000
247 000
247 000
Total tax
112 557
110 997
182 706
120 790
After tax
134 443
136 003
64 294
126 210
Living cost
35 559
35 559
35 559
35 559
Free-cash
98 884
100 444
28 735
90 651

Estimated living cost  is ₽35559 per week

₽23716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3033
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₽97635
₽86066
₽70736
₽46302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
national
-
-
-
100 998
communal

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

-
-
-
13 310
social contributions
-
-
-
25 160
total
-
-
-
139 468
Employee

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

72 186
-
191 309
-
communal

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

3 765
-
9 978
-
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
-
8 991
-
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
-
14 348
-
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
-
1 664
-
national
22 193
-
73 231
-
total
35 392
-
108 212
-
Employer

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

72 186
-
191 309
-
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
-
2 488
-
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
-
2 792
-
surtax
8 185
-
21 694
-
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
-
16 950
-
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
-
11 766
-
total
21 011
-
55 690
-
Corporate
153 801
247 000
-
-
surtax
615
1 088
-
-
income
30 760
54 394
-
-
total
31 375
55 482
-
-
Dividends
122 426
191 518
-
-
withholding

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

36 360
57 087
-
-
total
36 360
57 087
-
-
Income
247 000
247 000
247 000
247 000
Total tax
124 138
112 569
163 902
139 468
After tax
122 862
134 431
83 098
107 532
Living cost
36 796
36 796
36 796
36 796
Free-cash
86 066
97 635
46 302
70 736

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
₽127362
₽120449
₽101396
₽97161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
843
income
-
-
-
81 097
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 159
Employee
50 234
-
217 180
-
other
50
-
94
-
income
10 599
-
77 633
-
pensions
2 361
-
4 397
-
unemployment
779
-
1 450
-
total
13 789
-
83 574
-
Employer
50 234
-
217 180
-
accident
994
-
1 852
-
other
400
-
749
-
unemployment
2 763
-
5 144
-
pensions
11 854
-
22 075
-
total
16 011
-
29 820
-
Corporate
180 754
247 000
-
-
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.

27 114
37 049
-
-
total
27 114
37 049
-
-
Dividends
153 640
209 951
-
-
withholding
33 192
46 144
-
-
total
33 192
46 144
-
-
Income
247 000
247 000
247 000
247 000
Total tax
90 106
83 193
113 394
109 159
After tax
156 894
163 807
133 606
137 841
Living cost
36 445
36 445
36 445
36 445
Free-cash
120 449
127 362
97 161
101 396

Estimated living cost  is ₽36445 per week

₽26838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽83288
₽69409
₽60434
₽69353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
2 020
income
-
-
-
48 974
pensions
-
-
-
35 921
health
-
-
-
16 837
surtax
-
-
-
12 362
communal
-
-
-
15 610
total
-
-
-
131 724
Employee
76 423
-
220 633
-
health
3 401
-
9 819
-
surtax
4 684
-
13 521
-
income
7 382
-
55 447
-
pensions
6 113
-
17 651
-
total
21 580
-
96 438
-
Employer
76 423
-
220 633
-
accident
688
-
1 986
-
pensions
6 113
-
17 651
-
health
2 331
-
6 730
-
total
9 132
-
26 367
-
Corporate
161 445
247 000
-
-
surtax
1 695
2 593
-
-
communal
10 897
16 673
-
-
income
24 216
37 049
-
-
total
36 808
56 315
-
-
Dividends
124 637
190 685
-
-
income
36 534
23 953
-
-
withholding
18 695
28 602
-
-
total
55 229
52 555
-
-
Income
247 000
247 000
247 000
247 000
Total tax
122 749
108 870
122 805
131 724
After tax
124 251
138 130
124 195
115 276
Living cost
54 842
54 842
54 842
54 842
Free-cash
69 409
83 288
69 353
60 434

Estimated living cost  is ₽54842 per week

₽41140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₽132696
₽129487
₽93300
₽87132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
80 451
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 852
total
-
-
-
131 033
Employee
33 985
-
218 649
-
other
-
-
-
-
health
868
-
3 434
-
surtax
121
-
12 643
-
income
5 697
-
74 415
-
pensions
2 267
-
8 984
-
unemployment
2 365
-
9 374
-
total
11 318
-
108 850
-
Employer
33 985
-
218 649
-
other
-
-
-
-
unemployment
1 078
-
4 269
-
pensions
4 531
-
17 954
-
health
1 545
-
6 128
-
total
7 154
-
28 351
-
Corporate
205 860
247 000
-
-
income
53 523
64 221
-
-
total
53 523
64 221
-
-
Dividends
152 337
182 779
-
-
withholding
22 851
27 416
-
-
total
22 851
27 416
-
-
Income
247 000
247 000
247 000
247 000
Total tax
94 846
91 637
137 201
131 033
After tax
152 154
155 363
109 799
115 967
Living cost
22 667
22 667
22 667
22 667
Free-cash
129 487
132 696
87 132
93 300

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
₽102644
₽100402
₽92334
₽83824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
1 572
regional
-
-
-
3 988
national
-
-
-
71 412
social contributions
-
-
-
50 509
total
-
-
-
127 481
Employee
55 980
-
247 000
-
social contributions
18 877
-
66 218
-
regional
754
-
3 670
-
municipal
297
-
1 446
-
national
8 869
-
64 657
-
total
28 797
-
135 991
-
Employer
55 980
-
247 000
-
total
-
-
-
-
Corporate
191 020
247 000
-
-
nationa
45 845
59 280
-
-
municipal
9 493
12 276
-
-
total
55 338
71 556
-
-
Dividends
135 682
175 445
-
-
withholding
35 278
45 615
-
-
total
35 278
45 615
-
-
Income
247 000
247 000
247 000
247 000
Total tax
119 413
117 171
135 991
127 481
After tax
127 587
129 829
111 009
119 519
Living cost
27 185
27 185
27 185
27 185
Free-cash
100 402
102 644
83 824
92 334

Estimated living cost  is ₽27185 per week

₽16906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽140276
₽129650
₽118078
₽106975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
26 831
health
-
-
-
33 345
solidarity contribution
-
-
-
4 184
social contributions
-
-
-
34 779
total
-
-
-
99 139
Employee
43 799
-
199 287
-
social contributions
2 847
-
7 742
-
health
5 913
-
26 904
-
solidarity contribution
-
-
3 187
-
income
5 256
-
24 696
-
total
14 016
-
62 529
-
Employer
43 799
-
199 287
-
social contributions
10 950
-
29 777
-
health
3 942
-
17 936
-
total
14 892
-
47 713
-
Corporate
188 309
247 000
-
-
income
35 779
46 930
-
-
total
35 779
46 930
-
-
Dividends
152 530
200 070
-
-
withholding
22 880
30 011
-
-
total
22 880
30 011
-
-
Income
247 000
247 000
247 000
247 000
Total tax
87 567
76 941
110 242
99 139
After tax
159 433
170 059
136 758
147 861
Living cost
29 783
29 783
29 783
29 783
Free-cash
129 650
140 276
106 975
118 078

Estimated living cost  is ₽29783 per week

₽22149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₽103916
₽103417
₽94213
₽32144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
chamber of commerce
-
-
-
988
income
-
-
-
82 584
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
-
total
-
-
-
120 591
Employee
44 114
40 217
206 595
-
other
440
402
1 180
-
health
1 706
1 557
4 562
-
income
3 930
2 966
70 215
-
pensions
4 518
4 117
12 073
-
unemployment
1 323
1 207
3 537
-
total
11 917
10 249
91 567
-
Employer
44 114
40 217
206 595
-
accident
573
523
1 532
-
other
2 095
1 909
9 058
-
chamber of commerce
176
161
827
-
unemployment
1 323
1 207
3 537
-
surtax
-
-
-
-
pensions
5 537
5 048
14 796
-
payroll
1 323
1 207
6 197
-
health
1 668
1 521
4 456
-
total
12 695
11 576
40 403
-
Corporate
190 191
195 208
202 765
-
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.

47 548
48 802
50 690
-
total
47 548
48 802
50 690
-
Dividends
142 643
146 406
-
-
withholding
39 227
40 261
-
-
total
39 227
40 261
-
-
Income
247 000
247 000
247 000
247 000
Total tax
111 387
110 888
182 660
120 591
After tax
135 613
136 112
64 340
126 409
Living cost
32 196
32 196
32 196
32 196
Free-cash
103 417
103 916
32 144
94 213

Estimated living cost  is ₽32196 per week

₽19314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3288
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₽220501
₽217848
₽230381
₽183451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
247 000
microenterprise

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

-
-
-
2 470
total
-
-
-
2 470
Employee
17 686
-
247 000
-
income
3 537
-
49 400
-
total
3 537
-
49 400
-
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%.

229 314
247 000
-
-
total
-
-
-
-
Dividends
229 314
247 000
-
-
withholding
11 466
12 350
-
-
total
11 466
12 350
-
-
Income
247 000
247 000
247 000
247 000
Total tax
15 003
12 350
49 400
2 470
After tax
231 997
234 650
197 600
244 530
Living cost
14 149
14 149
14 149
14 149
Free-cash
217 848
220 501
183 451
230 381

Estimated living cost  is ₽14149 per week

₽9574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₽142992
₽134549
₽85500
₽80136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
income
-
-
-
64 650
pensions
-
-
-
45 108
unemployment
-
-
-
370
health
-
-
-
24 304
total
-
-
-
134 432
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
-
213 722
-
health
2 882
-
13 808
-
income
7 696
-
59 286
-
pensions
6 917
-
33 127
-
unemployment
63
-
299
-
total
17 558
-
106 520
-
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
-
213 722
-
unemployment
27
-
128
-
pensions
3 949
-
18 913
-
health
2 972
-
14 235
-
total
6 948
-
33 276
-
Corporate
195 426
247 000
-
-
income
37 132
46 929
-
-
total
37 132
46 929
-
-
Dividends
158 295
200 071
-
-
withholding
23 745
30 011
-
-
total
23 745
30 011
-
-
Income
247 000
247 000
247 000
247 000
Total tax
85 383
76 940
139 796
134 432
After tax
161 617
170 060
107 204
112 568
Living cost
27 068
27 068
27 068
27 068
Free-cash
134 549
142 992
80 136
85 500

Estimated living cost  is ₽27068 per week

₽18576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₽106695
₽58654
₽127117
₽190133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
48 145
social contributions
-
-
-
28 158
total
-
-
-
76 303
Employee
62 487
-
-
-
social contributions
5 124
-
730
-
income
13 783
-
-
-
total
18 907
-
730
-
Employer
62 487
-
-
-
social contributions
88 107
-
12 557
-
total
88 107
-
12 557
-
Corporate
96 406
247 000
-
-
income
21 209
54 340
-
-
total
21 209
54 340
-
-
Dividends
75 197
192 660
-
-
income
16 543
42 385
-
-
total
16 543
42 385
-
-
Income
247 000
247 000
247 000
247 000
Total tax
144 766
96 725
13 287
76 303
After tax
102 234
150 275
233 713
170 697
Living cost
43 580
43 580
43 580
43 580
Free-cash
58 654
106 695
190 133
127 117

Estimated living cost  is ₽43580 per week

₽28276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₽108840
₽107823
₽96183
₽76148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
income
-
-
-
33 331
surtax
-
-
-
-
social contributions

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

-
-
-
85 832
total
-
-
-
119 163
Employee
46 414
-
199 596
-
social contributions
5 106
-
21 956
-
surtax
-
-
611
-
income
9 654
-
69 227
-
total
14 760
-
91 794
-
Employer
46 414
-
199 596
-
social contributions
11 023
-
47 404
-
total
11 023
-
47 404
-
Corporate
189 563
247 000
-
-
surtax
-
-
-
-
income
39 809
51 870
-
-
total
39 809
51 870
-
-
Dividends
149 754
195 130
-
-
withholding
41 931
54 636
-
-
total
41 931
54 636
-
-
Income
247 000
247 000
247 000
247 000
Total tax
107 523
106 506
139 198
119 163
After tax
139 477
140 494
107 802
127 837
Living cost
31 654
31 654
31 654
31 654
Free-cash
107 823
108 840
76 148
96 183

Estimated living cost  is ₽31654 per week

₽23684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽529
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₽75748
₽82684
₽84689
₽76184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
48 826
pensions
-
-
-
37 444
other
-
-
-
7 657
health
-
-
-
12 605
surtax
-
-
-
-
social contributions
-
-
-
7 038
total
-
-
-
113 570
Employee
63 206
-
187 529
-
social contributions
1 800
-
5 343
-
surtax
-
-
-
-
income
5 515
-
42 713
-
pensions
7 149
-
14 547
-
total
14 464
-
62 603
-
Employer
63 206
-
187 529
-
other
2 181
-
7 958
-
social contributions
190
-
563
-
unemployment
2 560
-
7 595
-
pensions
10 386
-
24 221
-
health
4 424
-
19 135
-
total
19 741
-
59 472
-
Corporate
164 053
247 000
-
-
surtax
-
-
-
-
income
45 935
69 160
-
-
total
45 935
69 160
-
-
Dividends
118 118
177 840
-
-
surtax
-
-
-
-
social contributions
20 315
30 588
-
-
withholding
15 120
22 763
-
-
total
35 435
53 351
-
-
Income
247 000
247 000
247 000
247 000
Total tax
115 575
122 511
122 075
113 570
After tax
131 425
124 489
124 925
133 430
Living cost
48 742
48 742
48 742
48 742
Free-cash
82 684
75 748
76 184
84 689

Estimated living cost  is ₽48742 per week

₽32987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽668
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽191964
₽188574
₽149187
₽155750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
13 137
social contributions
-
-
-
54 341
total
-
-
-
67 478
Employee
32 444
-
213 852
-
income
-
-
13 867
-
social contributions
2 109
-
13 900
-
total
2 109
-
27 767
-
Employer
32 444
-
213 852
-
social contributions
5 029
-
33 148
-
total
5 029
-
33 148
-
Corporate
209 527
247 000
-
-
income
20 953
24 701
-
-
total
20 953
24 701
-
-
Dividends
188 574
222 299
-
-
total
-
-
-
-
Income
247 000
247 000
247 000
247 000
Total tax
28 091
24 701
60 915
67 478
After tax
218 909
222 299
186 085
179 522
Living cost
30 335
30 335
30 335
30 335
Free-cash
188 574
191 964
155 750
149 187

Estimated living cost  is ₽30335 per week

₽19614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
₽27029
₽14308
₽93056
₽27029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
53 505
pensions
-
-
-
875
national
-
-
-
31 251
labour market
-
-
-
19 690
total
-
-
-
105 321
Employee
205 225
205 225
205 225
-
labour market
16 395
16 395
16 395
-
national
25 072
25 072
25 072
-
municipal
43 701
43 701
43 701
-
pensions
292
292
292
-
total
85 460
85 460
85 460
-
Employer
205 225
205 225
205 225
-
labour market
16 418
16 418
16 418
-
municipal
43 771
43 771
43 771
-
pensions
583
583
583
-
national
25 116
25 116
25 116
-
total
85 888
85 888
85 888
-
Corporate
27 029
-
-
-
income
5 946
-
-
-
total
5 946
-
-
-
Dividends
21 083
-
-
-
withholding
6 775
-
-
-
total
6 775
-
-
-
Income
247 000
247 000
247 000
247 000
Total tax
184 069
171 348
171 348
105 321
After tax
62 931
75 652
75 652
141 679
Living cost
48 623
48 623
48 623
48 623
Free-cash
14 308
27 029
27 029
93 056

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
-₽1736
₽16671
₽146853
₽114893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
253
income
-
-
-
71 417
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 404
Employee
34 203
-
226 612
-
health
3 917
-
25 947
-
income
4 692
-
56 376
-
pensions
3 852
-
7 653
-
total
12 461
-
89 976
-
Employer
34 203
-
226 612
-
accident
571
-
3 784
-
unemployment
838
-
5 552
-
pensions
5 561
-
11 052
-
total
6 970
-
20 388
-
Corporate
205 826
247 000
-
-
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.

185 244
222 300
-
-
total
185 244
222 300
-
-
Dividends
20 582
24 700
-
-
withholding
3 911
4 693
-
-
total
3 911
4 693
-
-
Income
247 000
247 000
247 000
247 000
Total tax
208 586
226 993
110 364
78 404
After tax
38 414
20 007
136 636
168 596
Living cost
21 743
21 743
21 743
21 743
Free-cash
16 671
-1 736
114 893
146 853

Estimated living cost  is ₽21743 per week

₽15827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₽111483
₽114847
₽110506
₽82212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
247 000
municipal
-
-
-
43 852
health
-
-
-
3 382
national
-
-
-
50 515
total
-
-
-
97 749
Employee
53 094
-
207 791
-
health
396
-
2 779
-
municipal
8 696
-
33 817
-
pensions
3 583
-
14 026
-
unemployment
797
-
3 118
-
national
877
-
33 093
-
total
14 349
-
86 833
-
Employer
53 094
-
207 791
-
accident
54
-
209
-
unemployment
345
-
1 350
-
pensions
9 212
-
36 052
-
health
408
-
1 599
-
total
10 019
-
39 210
-
Corporate
183 888
247 000
-
-
income
36 777
49 400
-
-
total
36 777
49 400
-
-
Dividends

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

110 333
148 200
-
-
national
12 404
20 697
-
-
municipal
19 859
26 675
-
-
total
32 263
47 372
-
-
Income
247 000
247 000
247 000
247 000
Total tax
93 408
96 772
126 043
97 749
After tax
153 592
150 228
120 957
149 251
Living cost
38 745
38 745
38 745
38 745
Free-cash
114 847
111 483
82 212
110 506

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
₽156599
₽151105
₽141993
₽140008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
59 015
health
-
-
-
6 299
social contributions
-
-
-
16 328
total
-
-
-
81 642
Employee
77 600
77 600
233 985
-
social contributions
2 934
6 440
8 687
-
health
601
1 319
3 978
-
income
8 449
7 183
57 947
-
total
11 984
14 942
70 612
-
Employer
77 600
77 600
233 985
-
social contributions
2 934
6 440
8 687
-
health
653
1 436
4 328
-
total
3 587
7 876
13 015
-
Corporate
208 063
161 523
-
-
income
26 009
20 191
-
-
total
26 009
20 191
-
-
Dividends
182 055
141 332
-
-
withholding
30 950
24 027
-
-
total
30 950
24 027
-
-
Income
247 000
247 000
247 000
247 000
Total tax
72 530
67 036
83 627
81 642
After tax
174 470
179 964
163 373
165 358
Living cost
23 365
23 365
23 365
23 365
Free-cash
151 105
156 599
140 008
141 993

Estimated living cost  is ₽23365 per week

₽14003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽188518
₽183382
₽195174
₽174933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
247 000
income
-
-
-
25 703
pensions
-
-
-
6 419
unemployment
-
-
-
29
health
-
-
-
3 652
total
-
-
-
35 803
Employee

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

23 164
-
237 137
-
health
1 969
-
8 139
-
income
1 584
-
23 201
-
pensions
3 474
-
14 363
-
unemployment
115
-
479
-
total
7 142
-
46 182
-
Employer

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

23 164
-
237 137
-
unemployment
115
-
479
-
pensions
1 274
-
5 266
-
health
996
-
4 117
-
total
2 385
-
9 862
-
Corporate
221 452
247 000
-
-
income
19 930
22 230
-
-
total
19 930
22 230
-
-
Dividends
201 522
224 770
-
-
withholding
18 138
20 229
-
-
total
18 138
20 229
-
-
Income
247 000
247 000
247 000
247 000
Total tax
47 595
42 459
56 044
35 803
After tax
199 405
204 541
190 956
211 197
Living cost
16 023
16 023
16 023
16 023
Free-cash
183 382
188 518
174 933
195 174

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
₽136056
₽131598
₽110090
₽105855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
843
income
-
-
-
81 097
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 159
Employee
37 315
-
217 180
-
other
36
-
94
-
income
7 194
-
77 633
-
pensions
1 754
-
4 397
-
unemployment
578
-
1 450
-
total
9 562
-
83 574
-
Employer
37 315
-
217 180
-
accident
739
-
1 852
-
other
299
-
749
-
unemployment
2 053
-
5 144
-
pensions
8 806
-
22 075
-
total
11 897
-
29 820
-
Corporate
197 789
247 000
-
-
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.

29 669
37 049
-
-
total
29 669
37 049
-
-
Dividends
168 120
209 951
-
-
withholding
36 523
46 144
-
-
total
36 523
46 144
-
-
Income
247 000
247 000
247 000
247 000
Total tax
87 651
83 193
113 394
109 159
After tax
159 349
163 807
133 606
137 841
Living cost
27 751
27 751
27 751
27 751
Free-cash
131 598
136 056
105 855
110 090

Estimated living cost  is ₽27751 per week

₽18731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽151372
₽150918
₽156176
₽155978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
84 601
pensions
-
-
-
2 010
health
-
-
-
1 457
total
-
-
-
88 068
Employee
4 198
-
244 738
-
health
210
-
503
-
income
812
-
84 495
-
pensions
378
-
905
-
unemployment
42
-
101
-
total
1 442
-
86 004
-
Employer
4 198
-
244 738
-
unemployment
84
-
201
-
pensions
462
-
1 106
-
health
399
-
955
-
total
945
-
2 262
-
Corporate
241 858
247 000
-
-
income
53 209
54 340
-
-
total
53 209
54 340
-
-
Dividends
188 649
192 660
-
-
withholding
37 730
38 532
-
-
total
37 730
38 532
-
-
Income
247 000
247 000
247 000
247 000
Total tax
93 326
92 872
88 266
88 068
After tax
153 674
154 128
158 734
158 932
Living cost
2 756
2 756
2 756
2 756
Free-cash
150 918
151 372
155 978
156 176

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
₽161005
₽156040
₽143820
₽143821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
income
-
-
-
57 534
pensions
-
-
-
19 392
unemployment
-
-
-
1 119
health
-
-
-
7 682
total
-
-
-
85 727
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
-
233 649
-
health
1 355
-
3 841
-
income
3 628
-
57 534
-
pensions
3 685
-
10 442
-
unemployment
197
-
559
-
total
8 865
-
72 376
-
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
-
233 649
-
unemployment
197
-
559
-
pensions
3 158
-
8 950
-
health
1 355
-
3 841
-
total
4 710
-
13 350
-
Corporate
215 970
247 000
-
-
income
32 396
37 050
-
-
total
32 396
37 050
-
-
Dividends
183 575
209 950
-
-
withholding
27 536
31 492
-
-
total
27 536
31 492
-
-
Income
247 000
247 000
247 000
247 000
Total tax
73 507
68 542
85 726
85 727
After tax
173 493
178 458
161 274
161 273
Living cost
17 453
17 453
17 453
17 453
Free-cash
156 040
161 005
143 821
143 820

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
₽113288
₽112924
₽100631
₽80596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
income
-
-
-
33 331
surtax
-
-
-
-
social contributions

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

-
-
-
85 832
total
-
-
-
119 163
Employee
39 168
-
199 596
-
social contributions
4 309
-
21 956
-
surtax
-
-
611
-
income
7 653
-
69 227
-
total
11 962
-
91 794
-
Employer
39 168
-
199 596
-
social contributions
9 302
-
47 404
-
total
9 302
-
47 404
-
Corporate
198 530
247 000
-
-
surtax
-
-
-
-
income
41 691
51 870
-
-
total
41 691
51 870
-
-
Dividends
156 839
195 130
-
-
withholding
43 915
54 636
-
-
total
43 915
54 636
-
-
Income
247 000
247 000
247 000
247 000
Total tax
106 870
106 506
139 198
119 163
After tax
140 130
140 494
107 802
127 837
Living cost
27 206
27 206
27 206
27 206
Free-cash
112 924
113 288
80 596
100 631

Estimated living cost  is ₽27206 per week

₽19270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽128340
₽121735
₽102374
₽98139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
843
income
-
-
-
81 097
pensions
-
-
-
26 470
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 159
Employee
48 738
-
217 180
-
other
48
-
94
-
income
10 180
-
77 633
-
pensions
2 290
-
4 397
-
unemployment
755
-
1 450
-
total
13 273
-
83 574
-
Employer
48 738
-
217 180
-
accident
965
-
1 852
-
other
391
-
749
-
unemployment
2 681
-
5 144
-
pensions
11 502
-
22 075
-
total
15 539
-
29 820
-
Corporate
182 723
247 000
-
-
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.

27 409
37 049
-
-
total
27 409
37 049
-
-
Dividends
155 314
209 951
-
-
withholding
33 577
46 144
-
-
total
33 577
46 144
-
-
Income
247 000
247 000
247 000
247 000
Total tax
89 798
83 193
113 394
109 159
After tax
157 202
163 807
133 606
137 841
Living cost
35 467
35 467
35 467
35 467
Free-cash
121 735
128 340
98 139
102 374

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
₽193814
₽187660
₽183162
₽193593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
37 050
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
-
-
-
46 467
Employee
23 001
-
240 080
-
health
1 058
-
1 622
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
income
2 300
-
24 008
-
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
-
29 115
-
Employer
23 001
-
240 080
-
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
219 486
247 000
-
-
income
21 949
24 700
-
-
total
21 949
24 700
-
-
Dividends
197 537
222 300
-
-
withholding
9 877
11 115
-
-
total
9 877
11 115
-
-
Income
247 000
247 000
247 000
247 000
Total tax
41 969
35 815
36 036
46 467
After tax
205 031
211 185
210 964
200 533
Living cost
17 370
17 370
17 370
17 370
Free-cash
187 660
193 814
193 593
183 162

Estimated living cost  is ₽17370 per week

₽11489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₽88044
₽101247
₽83785
₽112496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
trade
-
-
-
28 711
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.

-
-
-
84 028
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.

-
-
-
4 621
total
-
-
-
124 254
Employee

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

50 212
-
247 000
-
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
-
4 621
-
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
-
84 028
-
total
11 251
-
95 543
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
196 788
247 000
-
-
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.

1 624
2 038
-
-
income
29 517
37 049
-
-
trade
28 240
35 444
-
-
chamber of commerce
442
515
-
-
total
59 823
75 046
-
-
Dividends
136 964
171 953
-
-
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.

1 861
2 344
-
-
withholding
33 857
42 605
-
-
total
35 718
44 949
-
-
Income
247 000
247 000
247 000
247 000
Total tax
106 792
119 995
95 543
124 254
After tax
140 208
127 005
151 457
122 746
Living cost
38 961
38 961
38 961
38 961
Free-cash
101 247
88 044
112 496
83 785

Estimated living cost  is ₽38961 per week

₽26876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₽115413
₽117640
₽64582
₽64582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
82 119
social contributions
-
-
-
42 812
total
-
-
-
124 931
Employee
78 939
-
247 000
-
income
14 896
-
82 119
-
social contributions
6 558
-
42 812
-
total
21 454
-
124 931
-
Employer
78 939
-
247 000
-
total
-
-
-
-
Corporate
168 061
247 000
-
-
income
21 009
30 875
-
-
total
21 009
30 875
-
-
Dividends
147 052
216 125
-
-
withholding
29 410
43 225
-
-
total
29 410
43 225
-
-
Income
247 000
247 000
247 000
247 000
Total tax
71 873
74 100
124 931
124 931
After tax
175 127
172 900
122 069
122 069
Living cost
57 487
57 487
57 487
57 487
Free-cash
117 640
115 413
64 582
64 582

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
₽118584
₽122113
₽166577
₽134764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
income
-
-
-
37 049
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
-
-
-
43 790
Employee
46 295
-
242 358
-
income
5 023
-
66 319
-
social contributions
4 638
-
4 642
-
total
9 661
-
70 961
-
Employer
46 295
-
242 358
-
social contributions
4 638
-
4 642
-
total
4 638
-
4 642
-
Corporate
196 067
247 000
-
-
income
68 623
86 451
-
-
total
68 623
86 451
-
-
Dividends
127 444
160 549
-
-
social contributions
5 332
5 332
-
-
total
5 332
5 332
-
-
Income
247 000
247 000
247 000
247 000
Total tax
88 254
91 783
75 603
43 790
After tax
158 746
155 217
171 397
203 210
Living cost
36 633
36 633
36 633
36 633
Free-cash
122 113
118 584
134 764
166 577

Estimated living cost  is ₽36633 per week

₽24130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽561
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽116668
₽122665
₽121022
₽99045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
income
-
-
-
77 880
pensions
-
-
-
10 483
total
-
-
-
88 363
Employee
51 632
-
215 132
-
health
674
-
2 853
-
income
9 403
-
63 227
-
pensions
3 941
-
12 394
-
total
14 018
-
78 474
-
Employer
51 632
-
215 132
-
pensions
5 217
-
27 778
-
health
981
-
4 088
-
total
6 198
-
31 866
-
Corporate
189 170
247 000
-
-
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.

35 942
46 931
-
-
total
35 942
46 931
-
-
Dividends
153 227
200 069
-
-
withholding
30 562
45 786
-
-
total
30 562
45 786
-
-
Income
247 000
247 000
247 000
247 000
Total tax
86 720
92 717
110 340
88 363
After tax
160 280
154 283
136 660
158 637
Living cost
37 615
37 615
37 615
37 615
Free-cash
122 665
116 668
99 045
121 022

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
-₽3889
₽16340
₽144700
₽112740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
accident
-
-
-
253
income
-
-
-
71 417
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 404
Employee
37 589
-
226 612
-
health
4 304
-
25 947
-
income
5 157
-
56 376
-
pensions
4 233
-
7 653
-
total
13 694
-
89 976
-
Employer
37 589
-
226 612
-
accident
628
-
3 784
-
unemployment
921
-
5 552
-
pensions
6 112
-
11 052
-
total
7 661
-
20 388
-
Corporate
201 751
247 000
-
-
income

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

181 576
222 300
-
-
total
181 576
222 300
-
-
Dividends
20 175
24 700
-
-
withholding
3 833
4 693
-
-
total
3 833
4 693
-
-
Income
247 000
247 000
247 000
247 000
Total tax
206 764
226 993
110 364
78 404
After tax
40 236
20 007
136 636
168 596
Living cost
23 896
23 896
23 896
23 896
Free-cash
16 340
-3 889
112 740
144 700

Estimated living cost  is ₽23896 per week

₽17537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
₽175324
₽172270
₽147216
₽169408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
247 000
work injury
-
-
-
807
health insurance
-
-
-
11 943
income
-
-
-
41 771
pensions
-
-
-
29 695
unemployment
-
-
-
1 937
total
-
-
-
86 153
Employee

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

21 810
-
247 000
-
work injury
109
-
403
-
income
2 181
-
41 771
-
pensions
4 013
-
14 848
-
health insurance
1 614
-
5 971
-
unemployment
262
-
968
-
total
8 179
-
63 961
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
225 190
247 000
-
-
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%.

22 519
24 700
-
-
total
22 519
24 700
-
-
Dividends
202 671
222 300
-
-
withholding
30 401
33 345
-
-
total
30 401
33 345
-
-
Income
247 000
247 000
247 000
247 000
Total tax
61 099
58 045
63 961
86 153
After tax
185 901
188 955
183 039
160 847
Living cost
13 631
13 631
13 631
13 631
Free-cash
172 270
175 324
169 408
147 216

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
₽89900
₽85308
₽76902
₽68611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
247 000
municipal
-
-
-
1 768
regional
-
-
-
6 206
national
-
-
-
71 412
social contributions
-
-
-
50 509
total
-
-
-
129 895
Employee
85 039
-
247 000
-
social contributions
28 675
-
66 218
-
regional
1 284
-
5 683
-
municipal
507
-
1 628
-
national
14 371
-
64 657
-
total
44 837
-
138 186
-
Employer
85 039
-
247 000
-
total
-
-
-
-
Corporate
161 961
247 000
-
-
nationa
38 871
59 280
-
-
municipal
7 806
11 906
-
-
total
46 677
71 186
-
-
Dividends
115 285
175 814
-
-
withholding
29 975
45 711
-
-
total
29 975
45 711
-
-
Income
247 000
247 000
247 000
247 000
Total tax
121 489
116 897
138 186
129 895
After tax
125 511
130 103
108 814
117 105
Living cost
40 203
40 203
40 203
40 203
Free-cash
85 308
89 900
68 611
76 902

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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