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
₽ 248000
per

Your estimated
City
free-cash

Dresden , Germany
₽94401
₽105565
₽89776
₽121446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
trade
-
-
-
31 670
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.

-
-
-
84 449
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.

-
-
-
4 644
total
-
-
-
127 657
Employee

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

38 599
-
248 000
-
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
-
4 644
-
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
-
84 449
-
total
8 031
-
95 987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
209 401
248 000
-
-
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.

1 727
2 045
-
-
income
31 410
37 199
-
-
trade
32 980
39 061
-
-
chamber of commerce
454
509
-
-
total
66 571
78 814
-
-
Dividends
142 829
169 185
-
-
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.

1 942
2 306
-
-
withholding
35 324
41 912
-
-
total
37 266
44 218
-
-
Income
248 000
248 000
248 000
248 000
Total tax
111 868
123 032
95 987
127 657
After tax
136 132
124 968
152 013
120 343
Living cost
30 567
30 567
30 567
30 567
Free-cash
105 565
94 401
121 446
89 776

Estimated living cost  is ₽30567 per week

₽19228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₽103758
₽102910
₽88709
₽90040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
27 670
pensions
-
-
-
29 760
national
-
-
-
48 201
social contributions
-
-
-
2 666
total
-
-
-
108 297
Employee
79 050
-
214 394
-
municipal
9 764
-
28 630
-
pensions
3 162
-
8 576
-
national
15 130
-
50 304
-
total
28 056
-
87 510
-
Employer
79 050
-
214 394
-
social contributions
850
-
2 305
-
pensions
6 324
-
17 151
-
total
7 174
-
19 456
-
Corporate
156 559
248 000
-
-
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%.

31 312
49 600
-
-
total
31 312
49 600
-
-
Dividends
125 247
198 400
-
-
withholding
27 554
43 648
-
-
total
27 554
43 648
-
-
Income
248 000
248 000
248 000
248 000
Total tax
94 096
93 248
106 966
108 297
After tax
153 904
154 752
141 034
139 703
Living cost
50 994
50 994
50 994
50 994
Free-cash
102 910
103 758
90 040
88 709

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
₽177405
₽169127
₽70619
₽87931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
microenterprise
-
-
-
-
income
-
-
-
54 479
surtax
-
-
-
63 241
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
-
-
-
156 386
Employee
29 489
-
197 320
-
social contributions

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

3 244
-
13 230
-
surtax
-
-
28 612
-
income
5 249
-
46 552
-
total
8 493
-
88 394
-
Employer
29 489
-
197 320
-
social contributions

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

7 103
-
28 974
-
surtax
-
-
21 706
-
total
7 103
-
50 680
-
Corporate
211 408
248 000
-
-
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%.

42 282
49 600
-
-
total
42 282
49 600
-
-
Dividends

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

169 126
198 400
-
-
total
-
-
-
-
Income
248 000
248 000
248 000
248 000
Total tax
57 878
49 600
139 074
156 386
After tax
190 122
198 400
108 926
91 614
Living cost
20 995
20 995
20 995
20 995
Free-cash
169 127
177 405
87 931
70 619

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
₽81556
₽75372
₽89753
₽116295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
91 703
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
115 971
Employee
86 180
86 180
229 245
-
health
13 228
11 251
12 444
-
income

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

14 106
14 106
46 406
-
pensions
15 512
11 824
11 824
-
total
42 846
37 181
70 674
-
Employer
86 180
86 180
229 245
-
unemployment
3 102
3 102
3 855
-
pensions
5 998
5 998
7 456
-
health
5 990
5 990
7 444
-
total
15 090
15 090
18 755
-
Corporate
147 786
146 729
-
-
income
29 558
29 345
-
-
total
29 558
29 345
-
-
Dividends
118 228
117 384
-
-
income
25 124
24 944
-
-
withholding
17 734
17 608
-
-
total
42 858
42 552
-
-
Income
248 000
248 000
248 000
248 000
Total tax
130 352
124 168
89 429
115 971
After tax
117 648
123 832
158 571
132 029
Living cost
42 276
42 276
42 276
42 276
Free-cash
75 372
81 556
116 295
89 753

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
₽96416
₽95541
₽83674
₽82727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
66 571
accident
-
-
-
171
pensions
-
-
-
9 238
other
-
-
-
9 930
unemployment
-
-
-
86
health
-
-
-
5 332
national
-
-
-
34 006
total
-
-
-
125 334
Employee
55 560
-
221 150
-
municipal
16 568
-
65 947
-
national
-
-
33 483
-
total
16 568
-
99 430
-
Employer
55 560
-
221 150
-
accident
111
-
171
-
other
6 456
-
9 930
-
unemployment
1 467
-
2 256
-
pensions
6 006
-
9 238
-
health
3 417
-
5 256
-
total
17 457
-
26 851
-
Corporate
174 983
248 000
-
-
income
38 496
54 560
-
-
total
38 496
54 560
-
-
Dividends
136 487
193 440
-
-
withholding
40 946
58 032
-
-
total
40 946
58 032
-
-
Income
248 000
248 000
248 000
248 000
Total tax
113 467
112 592
126 281
125 334
After tax
134 533
135 408
121 719
122 666
Living cost
38 992
38 992
38 992
38 992
Free-cash
95 541
96 416
82 727
83 674

Estimated living cost  is ₽38992 per week

₽25842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₽84049
₽98227
₽79290
₽112368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
trade
-
-
-
33 078
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.

-
-
-
84 449
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.

-
-
-
4 644
total
-
-
-
129 065
Employee

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

51 178
-
248 000
-
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
-
4 644
-
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
-
84 449
-
total
11 532
-
95 987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
196 822
248 000
-
-
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
2 045
-
-
income
29 523
37 199
-
-
trade
32 377
40 796
-
-
chamber of commerce
433
506
-
-
total
63 957
80 546
-
-
Dividends
132 865
167 454
-
-
surtax

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

1 806
2 281
-
-
withholding
32 833
41 479
-
-
total
34 639
43 760
-
-
Income
248 000
248 000
248 000
248 000
Total tax
110 128
124 306
95 987
129 065
After tax
137 872
123 694
152 013
118 935
Living cost
39 645
39 645
39 645
39 645
Free-cash
98 227
84 049
112 368
79 290

Estimated living cost  is ₽39645 per week

₽26515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₽147955
₽143771
₽133258
₽131266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
59 357
health
-
-
-
6 324
social contributions
-
-
-
16 328
total
-
-
-
82 009
Employee
77 601
77 601
234 966
-
social contributions
3 771
6 441
8 687
-
health
772
1 320
3 995
-
income
8 149
7 184
58 285
-
total
12 692
14 945
70 967
-
Employer
77 601
77 601
234 966
-
social contributions
3 771
6 441
8 687
-
health
841
1 436
4 347
-
total
4 612
7 877
13 034
-
Corporate
197 964
162 522
-
-
income
24 745
20 316
-
-
total
24 745
20 316
-
-
Dividends
173 219
142 206
-
-
withholding
29 447
24 174
-
-
total
29 447
24 174
-
-
Income
248 000
248 000
248 000
248 000
Total tax
71 496
67 312
84 001
82 009
After tax
176 504
180 688
163 999
165 991
Living cost
32 733
32 733
32 733
32 733
Free-cash
143 771
147 955
131 266
133 258

Estimated living cost  is ₽32733 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
₽120831
₽121213
₽153466
₽125431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
30 318
pensions
-
-
-
24 800
unemployment
-
-
-
3 720
health
-
-
-
17 360
total
-
-
-
76 198
Employee

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

The minimum wage is 138,000 HUF per month.

26 469
10 534
207 531
-
health
1 853
737
14 527
-
income
3 236
1 288
25 371
-
pensions
2 647
1 053
20 753
-
unemployment
397
158
3 113
-
total
8 133
3 236
63 764
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 469
10 534
207 531
-
pensions
5 161
2 054
40 469
-
total
5 161
2 054
40 469
-
Corporate
216 370
235 412
-
-
income
19 473
21 187
-
-
total
19 473
21 187
-
-
Dividends
196 897
214 225
-
-
social contributions
38 274
41 653
-
-
withholding
37 410
40 703
-
-
total
75 684
82 356
-
-
Income
248 000
248 000
248 000
248 000
Total tax
108 451
108 833
104 233
76 198
After tax
139 549
139 167
143 767
171 802
Living cost
18 336
18 336
18 336
18 336
Free-cash
121 213
120 831
125 431
153 466

Estimated living cost  is ₽18336 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₽174025
₽167755
₽108553
₽118567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
33 231
pensions
-
-
-
49 600
health
-
-
-
32 241
total
-
-
-
115 072
Employee
28 629
-
185 353
-
income
3 223
-
35 736
-
pensions
573
-
3 708
-
unemployment
458
-
2 967
-
total
4 254
-
42 411
-
Employer
28 629
-
185 353
-
unemployment
230
-
1 482
-
pensions
5 726
-
37 069
-
health
3 721
-
24 096
-
total
9 677
-
62 647
-
Corporate
209 694
248 000
-
-
income
41 939
49 600
-
-
total
41 939
49 600
-
-
Dividends
167 755
198 400
-
-
total
-
-
-
-
Income
248 000
248 000
248 000
248 000
Total tax
55 870
49 600
105 058
115 072
After tax
192 130
198 400
142 942
132 928
Living cost
24 375
24 375
24 375
24 375
Free-cash
167 755
174 025
118 567
108 553

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
-₽1984
₽16702
₽147205
₽115141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
253
income
-
-
-
71 736
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 723
Employee
34 721
-
227 571
-
health
3 975
-
26 057
-
income
4 763
-
56 647
-
pensions
3 910
-
7 654
-
total
12 648
-
90 358
-
Employer
34 721
-
227 571
-
accident
580
-
3 800
-
unemployment
851
-
5 576
-
pensions
5 646
-
11 053
-
total
7 077
-
20 429
-
Corporate
206 203
248 000
-
-
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.

185 583
223 200
-
-
total
185 583
223 200
-
-
Dividends
20 620
24 800
-
-
withholding
3 918
4 712
-
-
total
3 918
4 712
-
-
Income
248 000
248 000
248 000
248 000
Total tax
209 226
227 912
110 787
78 723
After tax
38 774
20 088
137 213
169 277
Living cost
22 072
22 072
22 072
22 072
Free-cash
16 702
-1 984
115 141
147 205

Estimated living cost  is ₽22072 per week

₽16177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽461
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₽226520
₽224817
₽236440
₽189320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
248 000
microenterprise

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

-
-
-
2 480
total
-
-
-
2 480
Employee
11 349
-
248 000
-
income
2 270
-
49 600
-
total
2 270
-
49 600
-
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%.

236 651
248 000
-
-
total
-
-
-
-
Dividends
236 651
248 000
-
-
withholding
11 833
12 400
-
-
total
11 833
12 400
-
-
Income
248 000
248 000
248 000
248 000
Total tax
14 103
12 400
49 600
2 480
After tax
233 897
235 600
198 400
245 520
Living cost
9 080
9 080
9 080
9 080
Free-cash
224 817
226 520
189 320
236 440

Estimated living cost  is ₽9080 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₽155315
₽148499
₽125225
₽123222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
45 011
pensions

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

-
-
-
36 831
other
-
-
-
7 289
health
-
-
-
6 753
total
-
-
-
95 884
Employee
36 642
-
208 884
-
health
513
-
2 149
-
income
6 308
-
44 345
-
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
-
58 770
-
Employer
36 642
-
208 884
-
accident
293
-
1 672
-
other
1 833
-
7 672
-
unemployment
366
-
1 534
-
pensions

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

6 230
-
26 090
-
health
513
-
2 149
-
total
9 235
-
39 117
-
Corporate
202 123
248 000
-
-
income
42 447
52 080
-
-
total
42 447
52 080
-
-
Dividends
159 676
195 920
-
-
withholding
11 177
13 714
-
-
total
11 177
13 714
-
-
Income
248 000
248 000
248 000
248 000
Total tax
72 610
65 794
97 887
95 884
After tax
175 390
182 206
150 113
152 116
Living cost
26 891
26 891
26 891
26 891
Free-cash
148 499
155 315
123 222
125 225

Estimated living cost  is ₽26891 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
₽87103
₽95257
₽91499
₽69438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
78 272
pensions
-
-
-
10 503
total
-
-
-
88 775
Employee
95 822
-
215 999
-
health
1 579
-
2 862
-
income
17 273
-
63 563
-
pensions
9 244
-
12 409
-
total
28 096
-
78 834
-
Employer
95 822
-
215 999
-
pensions
11 314
-
27 898
-
health
1 820
-
4 104
-
total
13 134
-
32 002
-
Corporate
139 044
248 000
-
-
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.

26 419
47 120
-
-
total
26 419
47 120
-
-
Dividends
112 625
200 880
-
-
withholding
17 368
46 051
-
-
total
17 368
46 051
-
-
Income
248 000
248 000
248 000
248 000
Total tax
85 017
93 171
110 836
88 775
After tax
162 983
154 829
137 164
159 225
Living cost
67 726
67 726
67 726
67 726
Free-cash
95 257
87 103
69 438
91 499

Estimated living cost  is ₽67726 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₽198801
₽194111
₽188144
₽198625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
37 200
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
-
-
-
46 617
Employee
17 531
-
241 080
-
health
806
-
1 622
-
accident

We are using the highest rate at 1.1%.

193
-
388
-
income
1 753
-
24 108
-
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
-
29 215
-
Employer
17 531
-
241 080
-
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
227 029
248 000
-
-
income
22 703
24 800
-
-
total
22 703
24 800
-
-
Dividends
204 326
223 200
-
-
withholding
10 216
11 160
-
-
total
10 216
11 160
-
-
Income
248 000
248 000
248 000
248 000
Total tax
40 650
35 960
36 136
46 617
After tax
207 350
212 040
211 864
201 383
Living cost
13 239
13 239
13 239
13 239
Free-cash
194 111
198 801
198 625
188 144

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
₽67871
₽70408
₽76068
₽102610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
91 703
pensions
-
-
-
11 824
health
-
-
-
12 444
total
-
-
-
115 971
Employee
93 564
86 180
229 245
-
health
11 673
11 251
12 444
-
income

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

14 106
14 106
46 406
-
pensions
11 824
11 824
11 824
-
total
37 603
37 181
70 674
-
Employer
93 564
86 180
229 245
-
unemployment
3 369
3 102
3 855
-
pensions
6 511
5 998
7 456
-
health
6 502
5 990
7 444
-
total
16 382
15 090
18 755
-
Corporate
138 054
146 729
-
-
income
27 610
29 345
-
-
total
27 610
29 345
-
-
Dividends
110 444
117 384
-
-
income
23 470
24 944
-
-
withholding
16 566
17 608
-
-
total
40 036
42 552
-
-
Income
248 000
248 000
248 000
248 000
Total tax
121 631
124 168
89 429
115 971
After tax
126 369
123 832
158 571
132 029
Living cost
55 961
55 961
55 961
55 961
Free-cash
70 408
67 871
102 610
76 068

Estimated living cost  is ₽55961 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽146577
₽137955
₽124363
₽113207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
26 961
health
-
-
-
33 480
solidarity contribution
-
-
-
4 244
social contributions
-
-
-
34 781
total
-
-
-
99 466
Employee
35 546
-
200 203
-
social contributions
2 310
-
7 742
-
health
4 799
-
27 027
-
solidarity contribution
-
-
3 242
-
income
4 265
-
24 815
-
total
11 374
-
62 826
-
Employer
35 546
-
200 203
-
social contributions
8 886
-
29 778
-
health
3 199
-
18 018
-
total
12 085
-
47 796
-
Corporate
200 369
248 000
-
-
income
38 070
47 120
-
-
total
38 070
47 120
-
-
Dividends
162 299
200 880
-
-
withholding
24 345
30 132
-
-
total
24 345
30 132
-
-
Income
248 000
248 000
248 000
248 000
Total tax
85 874
77 252
110 622
99 466
After tax
162 126
170 748
137 378
148 534
Living cost
24 171
24 171
24 171
24 171
Free-cash
137 955
146 577
113 207
124 363

Estimated living cost  is ₽24171 per week

₽16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₽89736
₽84466
₽78250
₽69695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
1 580
regional
-
-
-
3 235
national
-
-
-
71 842
social contributions
-
-
-
50 509
total
-
-
-
127 166
Employee
89 690
-
248 000
-
social contributions
30 243
-
66 219
-
regional
846
-
2 963
-
municipal
475
-
1 454
-
national
15 541
-
65 085
-
total
47 105
-
135 721
-
Employer
89 690
-
248 000
-
total
-
-
-
-
Corporate
158 310
248 000
-
-
nationa
37 994
59 520
-
-
municipal
6 174
9 671
-
-
total
44 168
69 191
-
-
Dividends
114 142
178 809
-
-
withholding
29 677
46 489
-
-
total
29 677
46 489
-
-
Income
248 000
248 000
248 000
248 000
Total tax
120 950
115 680
135 721
127 166
After tax
127 050
132 320
112 279
120 834
Living cost
42 584
42 584
42 584
42 584
Free-cash
84 466
89 736
69 695
78 250

Estimated living cost  is ₽42584 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₽133723
₽130581
₽94159
₽87990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
80 900
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 942
total
-
-
-
131 572
Employee
33 373
-
219 649
-
other
-
-
-
-
health
852
-
3 434
-
surtax
109
-
12 734
-
income
5 594
-
74 864
-
pensions
2 225
-
8 984
-
unemployment
2 323
-
9 374
-
total
11 103
-
109 390
-
Employer
33 373
-
219 649
-
other
-
-
-
-
unemployment
1 057
-
4 269
-
pensions
4 449
-
17 954
-
health
1 519
-
6 128
-
total
7 025
-
28 351
-
Corporate
207 602
248 000
-
-
income
53 977
64 480
-
-
total
53 977
64 480
-
-
Dividends
153 625
183 520
-
-
withholding
23 045
27 528
-
-
total
23 045
27 528
-
-
Income
248 000
248 000
248 000
248 000
Total tax
95 150
92 008
137 741
131 572
After tax
152 850
155 992
110 259
116 428
Living cost
22 269
22 269
22 269
22 269
Free-cash
130 581
133 723
87 990
94 159

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
₽108560
₽115251
₽112956
₽90895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
78 272
pensions
-
-
-
10 503
total
-
-
-
88 775
Employee
64 218
-
215 999
-
health
932
-
2 862
-
income
11 566
-
63 563
-
pensions
5 451
-
12 409
-
total
17 949
-
78 834
-
Employer
64 218
-
215 999
-
pensions
6 952
-
27 898
-
health
1 220
-
4 104
-
total
8 172
-
32 002
-
Corporate
175 611
248 000
-
-
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.

33 366
47 120
-
-
total
33 366
47 120
-
-
Dividends
142 245
200 880
-
-
withholding
26 993
46 051
-
-
total
26 993
46 051
-
-
Income
248 000
248 000
248 000
248 000
Total tax
86 480
93 171
110 836
88 775
After tax
161 520
154 829
137 164
159 225
Living cost
46 269
46 269
46 269
46 269
Free-cash
115 251
108 560
90 895
112 956

Estimated living cost  is ₽46269 per week

₽34664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₽37129
₽69764
₽118612
₽111019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
city
-
-
-
2 613
pensions
-
-
-
22 814
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.

-
-
-
4 960
regional
-
-
-
14 602
health
-
-
-
558
national
-
-
-
7 567
total
-
-
-
53 114
Employee
89 260
-
223 791
-
city
958
-
2 429
-
regional
2 923
-
13 068
-
health
202
-
503
-
pensions
7 499
-
16 767
-
unemployment
-
-
-
-
national
422
-
6 194
-
total
12 004
-
38 961
-
Employer
89 260
-
223 791
-
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
-
4 476
-
unemployment
-
-
-
-
pensions
7 499
-
16 767
-
health
202
-
503
-
total
9 486
-
21 746
-
Corporate
148 273
248 000
-
-
regional
31 360
52 452
-
-
national
12 604
21 081
-
-
total
43 964
73 533
-
-
Dividends
104 310
174 467
-
-
withholding
36 508
61 064
-
-
total
36 508
61 064
-
-
Income
248 000
248 000
248 000
248 000
Total tax
101 962
134 597
60 707
53 114
After tax
146 038
113 403
187 293
194 886
Living cost
76 274
76 274
76 274
76 274
Free-cash
69 764
37 129
111 019
118 612

Estimated living cost  is ₽76274 per week

₽49600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽936
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₽76185
₽92549
₽71297
₽105782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
trade
-
-
-
34 485
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.

-
-
-
84 449
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.

-
-
-
4 644
total
-
-
-
130 472
Employee

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

60 650
-
248 000
-
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
-
4 644
-
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
-
84 449
-
total
14 419
-
95 987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
187 350
248 000
-
-
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.

1 545
2 045
-
-
income
28 102
37 199
-
-
trade
32 130
42 533
-
-
chamber of commerce
417
502
-
-
total
62 194
82 279
-
-
Dividends
125 155
165 721
-
-
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.

1 701
2 258
-
-
withholding
30 906
41 047
-
-
total
32 607
43 305
-
-
Income
248 000
248 000
248 000
248 000
Total tax
109 220
125 584
95 987
130 472
After tax
138 780
122 416
152 013
117 528
Living cost
46 231
46 231
46 231
46 231
Free-cash
92 549
76 185
105 782
71 297

Estimated living cost  is ₽46231 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
₽90465
₽96426
₽99363
₽90766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
49 149
pensions
-
-
-
37 527
other
-
-
-
7 687
health
-
-
-
12 680
surtax
-
-
-
-
social contributions
-
-
-
7 067
total
-
-
-
114 110
Employee
43 191
-
188 248
-
social contributions
1 231
-
5 364
-
surtax
-
-
-
-
income
2 549
-
42 971
-
pensions
4 884
-
14 620
-
total
8 664
-
62 955
-
Employer
43 191
-
188 248
-
other
1 490
-
7 994
-
social contributions
130
-
565
-
unemployment
1 748
-
7 624
-
pensions
7 095
-
24 340
-
health
3 024
-
19 229
-
total
13 487
-
59 752
-
Corporate
191 320
248 000
-
-
surtax
-
-
-
-
income
53 570
69 440
-
-
total
53 570
69 440
-
-
Dividends
137 751
178 560
-
-
surtax
-
-
-
-
social contributions
23 694
30 713
-
-
withholding
17 632
22 855
-
-
total
41 326
53 568
-
-
Income
248 000
248 000
248 000
248 000
Total tax
117 047
123 008
122 707
114 110
After tax
130 953
124 992
125 293
133 890
Living cost
34 527
34 527
34 527
34 527
Free-cash
96 426
90 465
90 766
99 363

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
₽93885
₽99491
₽102783
₽94186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
49 149
pensions
-
-
-
37 527
other
-
-
-
7 687
health
-
-
-
12 680
surtax
-
-
-
-
social contributions
-
-
-
7 067
total
-
-
-
114 110
Employee
38 554
-
188 248
-
social contributions
1 099
-
5 364
-
surtax
-
-
-
-
income
1 988
-
42 971
-
pensions
4 361
-
14 620
-
total
7 448
-
62 955
-
Employer
38 554
-
188 248
-
other
1 331
-
7 994
-
social contributions
115
-
565
-
unemployment
1 561
-
7 624
-
pensions
6 335
-
24 340
-
health
2 698
-
19 229
-
total
12 040
-
59 752
-
Corporate
197 405
248 000
-
-
surtax
-
-
-
-
income
55 274
69 440
-
-
total
55 274
69 440
-
-
Dividends
142 131
178 560
-
-
surtax
-
-
-
-
social contributions
24 446
30 713
-
-
withholding
18 194
22 855
-
-
total
42 640
53 568
-
-
Income
248 000
248 000
248 000
248 000
Total tax
117 402
123 008
122 707
114 110
After tax
130 598
124 992
125 293
133 890
Living cost
31 107
31 107
31 107
31 107
Free-cash
99 491
93 885
94 186
102 783

Estimated living cost  is ₽31107 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
₽129903
₽130427
₽137868
₽130690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
37 199
health
-
-
-
17 311
social contributions
-
-
-
34 223
total
-
-
-
88 733
Employee
34 217
-
248 000
-
social contributions
4 723
-
34 223
-
health
2 388
-
17 311
-
income
5 707
-
44 377
-
total
12 818
-
95 911
-
Employer
34 217
-
248 000
-
total
-
-
-
-
Corporate
213 783
248 000
-
-
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%.

10 688
12 400
-
-
total
10 688
12 400
-
-
Dividends
203 094
235 600
-
-
health
14 176
16 445
-
-
social contributions
28 028
32 513
-
-
withholding
30 464
35 340
-
-
total
72 668
84 298
-
-
Income
248 000
248 000
248 000
248 000
Total tax
96 174
96 698
95 911
88 733
After tax
151 826
151 302
152 089
159 267
Living cost
21 399
21 399
21 399
21 399
Free-cash
130 427
129 903
130 690
137 868

Estimated living cost  is ₽21399 per week

₽14321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽100987
₽99424
₽91147
₽28964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
chamber of commerce
-
-
-
992
income
-
-
-
83 083
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
199
total
-
-
-
121 293
Employee
50 434
40 217
207 342
-
other
504
402
1 180
-
health
1 952
1 557
4 562
-
income
5 742
2 967
70 589
-
pensions
5 165
4 117
12 073
-
unemployment
1 513
1 207
3 537
-
total
14 876
10 250
91 941
-
Employer
50 434
40 217
207 342
-
accident
655
523
1 532
-
other
2 396
1 909
9 087
-
chamber of commerce
201
161
829
-
unemployment
1 513
1 207
3 537
-
surtax
199
199
199
-
pensions
6 329
5 048
14 796
-
payroll
1 513
1 207
6 220
-
health
1 906
1 521
4 456
-
total
14 712
11 775
40 656
-
Corporate
182 854
196 009
203 512
-
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.

45 714
49 002
50 879
-
total
45 714
49 002
50 879
-
Dividends
137 140
147 006
-
-
withholding
37 714
40 426
-
-
total
37 714
40 426
-
-
Income
248 000
248 000
248 000
248 000
Total tax
113 016
111 453
183 476
121 293
After tax
134 984
136 547
64 524
126 707
Living cost
35 560
35 560
35 560
35 560
Free-cash
99 424
100 987
28 964
91 147

Estimated living cost  is ₽35560 per week

₽23717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₽98128
₽86622
₽71176
₽46599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
national
-
-
-
101 497
communal

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

-
-
-
13 371
social contributions
-
-
-
25 160
total
-
-
-
140 028
Employee

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

72 187
-
192 084
-
communal

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

3 765
-
10 018
-
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
-
9 028
-
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
-
14 405
-
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
-
1 672
-
national
22 193
-
73 567
-
total
35 392
-
108 690
-
Employer

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

72 187
-
192 084
-
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
-
2 497
-
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
-
2 804
-
surtax
8 185
-
21 782
-
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
-
17 020
-
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
-
11 812
-
total
21 011
-
55 915
-
Corporate
154 800
248 000
-
-
surtax
619
1 094
-
-
income
30 960
54 684
-
-
total
31 579
55 778
-
-
Dividends
123 222
192 222
-
-
withholding

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

36 600
57 298
-
-
total
36 600
57 298
-
-
Income
248 000
248 000
248 000
248 000
Total tax
124 582
113 076
164 605
140 028
After tax
123 418
134 924
83 395
107 972
Living cost
36 796
36 796
36 796
36 796
Free-cash
86 622
98 128
46 599
71 176

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
₽128015
₽121100
₽101945
₽97710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
843
income
-
-
-
81 546
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 609
Employee
50 235
-
218 180
-
other
50
-
94
-
income
10 599
-
78 082
-
pensions
2 361
-
4 397
-
unemployment
779
-
1 450
-
total
13 789
-
84 023
-
Employer
50 235
-
218 180
-
accident
994
-
1 852
-
other
400
-
749
-
unemployment
2 764
-
5 144
-
pensions
11 855
-
22 076
-
total
16 013
-
29 821
-
Corporate
181 753
248 000
-
-
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.

27 264
37 199
-
-
total
27 264
37 199
-
-
Dividends
154 490
210 801
-
-
withholding
33 388
46 340
-
-
total
33 388
46 340
-
-
Income
248 000
248 000
248 000
248 000
Total tax
90 454
83 539
113 844
109 609
After tax
157 546
164 461
134 156
138 391
Living cost
36 446
36 446
36 446
36 446
Free-cash
121 100
128 015
97 710
101 945

Estimated living cost  is ₽36446 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₽83762
₽69884
₽60945
₽69769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
2 020
income
-
-
-
49 344
pensions
-
-
-
35 912
health
-
-
-
16 834
surtax
-
-
-
12 429
communal
-
-
-
15 673
total
-
-
-
132 212
Employee
76 425
-
221 527
-
health
3 401
-
9 857
-
surtax
4 684
-
13 576
-
income
7 382
-
55 760
-
pensions
6 113
-
17 722
-
total
21 580
-
96 915
-
Employer
76 425
-
221 527
-
accident
688
-
1 994
-
pensions
6 113
-
17 722
-
health
2 331
-
6 757
-
total
9 132
-
26 473
-
Corporate
162 444
248 000
-
-
surtax
1 706
2 605
-
-
communal
10 966
16 740
-
-
income
24 366
37 199
-
-
total
37 038
56 544
-
-
Dividends
125 406
191 456
-
-
income
36 713
24 132
-
-
withholding
18 810
28 719
-
-
total
55 523
52 851
-
-
Income
248 000
248 000
248 000
248 000
Total tax
123 273
109 395
123 388
132 212
After tax
124 727
138 605
124 612
115 788
Living cost
54 843
54 843
54 843
54 843
Free-cash
69 884
83 762
69 769
60 945

Estimated living cost  is ₽54843 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₽133325
₽130115
₽93761
₽87592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
80 900
pensions
-
-
-
26 938
other
-
-
-
-
unemployment
-
-
-
230
health
-
-
-
9 562
surtax
-
-
-
13 942
total
-
-
-
131 572
Employee
33 986
-
219 649
-
other
-
-
-
-
health
868
-
3 434
-
surtax
121
-
12 734
-
income
5 697
-
74 864
-
pensions
2 267
-
8 984
-
unemployment
2 365
-
9 374
-
total
11 318
-
109 390
-
Employer
33 986
-
219 649
-
other
-
-
-
-
unemployment
1 078
-
4 269
-
pensions
4 531
-
17 954
-
health
1 545
-
6 128
-
total
7 154
-
28 351
-
Corporate
206 859
248 000
-
-
income
53 784
64 480
-
-
total
53 784
64 480
-
-
Dividends
153 075
183 520
-
-
withholding
22 962
27 528
-
-
total
22 962
27 528
-
-
Income
248 000
248 000
248 000
248 000
Total tax
95 218
92 008
137 741
131 572
After tax
152 782
155 992
110 259
116 428
Living cost
22 667
22 667
22 667
22 667
Free-cash
130 115
133 325
87 592
93 761

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
₽103169
₽100928
₽92875
₽84368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
1 580
regional
-
-
-
4 009
national
-
-
-
71 842
social contributions
-
-
-
50 509
total
-
-
-
127 940
Employee
55 981
-
248 000
-
social contributions
18 877
-
66 219
-
regional
754
-
3 689
-
municipal
297
-
1 454
-
national
8 869
-
65 085
-
total
28 797
-
136 447
-
Employer
55 981
-
248 000
-
total
-
-
-
-
Corporate
192 019
248 000
-
-
nationa
46 085
59 520
-
-
municipal
9 543
12 326
-
-
total
55 628
71 846
-
-
Dividends
136 391
176 155
-
-
withholding
35 462
45 800
-
-
total
35 462
45 800
-
-
Income
248 000
248 000
248 000
248 000
Total tax
119 887
117 646
136 447
127 940
After tax
128 113
130 354
111 553
120 060
Living cost
27 185
27 185
27 185
27 185
Free-cash
100 928
103 169
84 368
92 875

Estimated living cost  is ₽27185 per week

₽16907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽140963
₽130338
₽118749
₽107593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
26 961
health
-
-
-
33 480
solidarity contribution
-
-
-
4 244
social contributions
-
-
-
34 781
total
-
-
-
99 466
Employee
43 801
-
200 203
-
social contributions
2 847
-
7 742
-
health
5 913
-
27 027
-
solidarity contribution
-
-
3 242
-
income
5 256
-
24 815
-
total
14 016
-
62 826
-
Employer
43 801
-
200 203
-
social contributions
10 950
-
29 778
-
health
3 942
-
18 018
-
total
14 892
-
47 796
-
Corporate
189 306
248 000
-
-
income
35 968
47 120
-
-
total
35 968
47 120
-
-
Dividends
153 338
200 880
-
-
withholding
23 001
30 132
-
-
total
23 001
30 132
-
-
Income
248 000
248 000
248 000
248 000
Total tax
87 877
77 252
110 622
99 466
After tax
160 123
170 748
137 378
148 534
Living cost
29 785
29 785
29 785
29 785
Free-cash
130 338
140 963
107 593
118 749

Estimated living cost  is ₽29785 per week

₽22150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽515
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₽104457
₽103962
₽94709
₽32374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
chamber of commerce
-
-
-
992
income
-
-
-
83 083
pensions
-
-
-
21 811
unemployment
-
-
-
6 190
health
-
-
-
9 018
surtax
-
-
-
-
total
-
-
-
121 094
Employee
44 114
40 217
207 528
-
other
440
402
1 180
-
health
1 706
1 557
4 562
-
income
3 930
2 967
70 681
-
pensions
4 518
4 117
12 073
-
unemployment
1 323
1 207
3 537
-
total
11 917
10 250
92 033
-
Employer
44 114
40 217
207 528
-
accident
573
523
1 532
-
other
2 095
1 909
9 095
-
chamber of commerce
176
161
829
-
unemployment
1 323
1 207
3 537
-
surtax
-
-
-
-
pensions
5 537
5 048
14 796
-
payroll
1 323
1 207
6 226
-
health
1 668
1 521
4 456
-
total
12 695
11 576
40 471
-
Corporate
191 190
196 208
203 698
-
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.

47 797
49 052
50 925
-
total
47 797
49 052
50 925
-
Dividends
143 393
147 156
-
-
withholding
39 432
40 468
-
-
total
39 432
40 468
-
-
Income
248 000
248 000
248 000
248 000
Total tax
111 841
111 346
183 429
121 094
After tax
136 159
136 654
64 571
126 906
Living cost
32 197
32 197
32 197
32 197
Free-cash
103 962
104 457
32 374
94 709

Estimated living cost  is ₽32197 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₽221451
₽218798
₽231371
₽184251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
248 000
microenterprise

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

-
-
-
2 480
total
-
-
-
2 480
Employee
17 686
-
248 000
-
income
3 537
-
49 600
-
total
3 537
-
49 600
-
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%.

230 314
248 000
-
-
total
-
-
-
-
Dividends
230 314
248 000
-
-
withholding
11 516
12 400
-
-
total
11 516
12 400
-
-
Income
248 000
248 000
248 000
248 000
Total tax
15 053
12 400
49 600
2 480
After tax
232 947
235 600
198 400
245 520
Living cost
14 149
14 149
14 149
14 149
Free-cash
218 798
221 451
184 251
231 371

Estimated living cost  is ₽14149 per week

₽9575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₽143680
₽135237
₽85857
₽80473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
income
-
-
-
65 009
pensions
-
-
-
45 291
unemployment
-
-
-
372
health
-
-
-
24 402
total
-
-
-
135 074
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
-
214 587
-
health
2 882
-
13 862
-
income
7 696
-
59 624
-
pensions
6 917
-
33 262
-
unemployment
63
-
301
-
total
17 558
-
107 049
-
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
-
214 587
-
unemployment
27
-
128
-
pensions
3 949
-
18 990
-
health
2 972
-
14 291
-
total
6 948
-
33 409
-
Corporate
196 426
248 000
-
-
income
37 322
47 119
-
-
total
37 322
47 119
-
-
Dividends
159 104
200 881
-
-
withholding
23 866
30 132
-
-
total
23 866
30 132
-
-
Income
248 000
248 000
248 000
248 000
Total tax
85 694
77 251
140 458
135 074
After tax
162 306
170 749
107 542
112 926
Living cost
27 069
27 069
27 069
27 069
Free-cash
135 237
143 680
80 473
85 857

Estimated living cost  is ₽27069 per week

₽18577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽525
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₽107299
₽59253
₽127804
₽191128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
48 340
social contributions
-
-
-
28 272
total
-
-
-
76 612
Employee
62 493
-
-
-
social contributions
5 124
-
730
-
income
13 785
-
-
-
total
18 909
-
730
-
Employer
62 493
-
-
-
social contributions
88 116
-
12 558
-
total
88 116
-
12 558
-
Corporate
97 391
248 000
-
-
income
21 426
54 560
-
-
total
21 426
54 560
-
-
Dividends
75 965
193 440
-
-
income
16 712
42 557
-
-
total
16 712
42 557
-
-
Income
248 000
248 000
248 000
248 000
Total tax
145 163
97 117
13 288
76 612
After tax
102 837
150 883
234 712
171 388
Living cost
43 584
43 584
43 584
43 584
Free-cash
59 253
107 299
191 128
127 804

Estimated living cost  is ₽43584 per week

₽28279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽555
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₽109407
₽108392
₽96653
₽76505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
income
-
-
-
33 512
surtax
-
-
-
-
social contributions

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

-
-
-
86 180
total
-
-
-
119 692
Employee
46 415
-
200 404
-
social contributions
5 106
-
22 045
-
surtax
-
-
628
-
income
9 654
-
69 571
-
total
14 760
-
92 244
-
Employer
46 415
-
200 404
-
social contributions
11 023
-
47 596
-
total
11 023
-
47 596
-
Corporate
190 562
248 000
-
-
surtax
-
-
-
-
income
40 018
52 080
-
-
total
40 018
52 080
-
-
Dividends
150 544
195 920
-
-
withholding
42 152
54 858
-
-
total
42 152
54 858
-
-
Income
248 000
248 000
248 000
248 000
Total tax
107 953
106 938
139 840
119 692
After tax
140 047
141 062
108 160
128 308
Living cost
31 655
31 655
31 655
31 655
Free-cash
108 392
109 407
76 505
96 653

Estimated living cost  is ₽31655 per week

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

Source of data for Lisbon model

Close
Paris , France
₽76250
₽83184
₽85148
₽76551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
49 149
pensions
-
-
-
37 527
other
-
-
-
7 687
health
-
-
-
12 680
surtax
-
-
-
-
social contributions
-
-
-
7 067
total
-
-
-
114 110
Employee
63 207
-
188 248
-
social contributions
1 800
-
5 364
-
surtax
-
-
-
-
income
5 515
-
42 971
-
pensions
7 149
-
14 620
-
total
14 464
-
62 955
-
Employer
63 207
-
188 248
-
other
2 181
-
7 994
-
social contributions
190
-
565
-
unemployment
2 561
-
7 624
-
pensions
10 386
-
24 340
-
health
4 424
-
19 229
-
total
19 742
-
59 752
-
Corporate
165 052
248 000
-
-
surtax
-
-
-
-
income
46 216
69 440
-
-
total
46 216
69 440
-
-
Dividends
118 836
178 560
-
-
surtax
-
-
-
-
social contributions
20 440
30 713
-
-
withholding
15 212
22 855
-
-
total
35 652
53 568
-
-
Income
248 000
248 000
248 000
248 000
Total tax
116 074
123 008
122 707
114 110
After tax
131 926
124 992
125 293
133 890
Living cost
48 742
48 742
48 742
48 742
Free-cash
83 184
76 250
76 551
85 148

Estimated living cost  is ₽48742 per week

₽32988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽668
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽192863
₽189473
₽149886
₽156478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
13 216
social contributions
-
-
-
54 562
total
-
-
-
67 778
Employee
32 444
-
214 719
-
income
-
-
13 948
-
social contributions
2 109
-
13 957
-
total
2 109
-
27 905
-
Employer
32 444
-
214 719
-
social contributions
5 029
-
33 281
-
total
5 029
-
33 281
-
Corporate
210 527
248 000
-
-
income
21 053
24 801
-
-
total
21 053
24 801
-
-
Dividends
189 474
223 199
-
-
total
-
-
-
-
Income
248 000
248 000
248 000
248 000
Total tax
28 191
24 801
61 186
67 778
After tax
219 809
223 199
186 814
180 222
Living cost
30 336
30 336
30 336
30 336
Free-cash
189 473
192 863
156 478
149 886

Estimated living cost  is ₽30336 per week

₽19615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
₽28027
₽14759
₽93588
₽28027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
53 743
pensions
-
-
-
875
national
-
-
-
31 401
labour market
-
-
-
19 770
total
-
-
-
105 789
Employee
205 227
205 227
205 227
-
labour market
16 395
16 395
16 395
-
national
25 072
25 072
25 072
-
municipal
43 702
43 702
43 702
-
pensions
292
292
292
-
total
85 461
85 461
85 461
-
Employer
205 227
205 227
205 227
-
labour market
16 418
16 418
16 418
-
municipal
43 772
43 772
43 772
-
pensions
583
583
583
-
national
25 116
25 116
25 116
-
total
85 889
85 889
85 889
-
Corporate
28 027
-
-
-
income
6 166
-
-
-
total
6 166
-
-
-
Dividends
21 861
-
-
-
withholding
7 102
-
-
-
total
7 102
-
-
-
Income
248 000
248 000
248 000
248 000
Total tax
184 618
171 350
171 350
105 789
After tax
63 382
76 650
76 650
142 211
Living cost
48 623
48 623
48 623
48 623
Free-cash
14 759
28 027
28 027
93 588

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
-₽1658
₽16753
₽147531
₽115467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
253
income
-
-
-
71 736
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 723
Employee
34 209
-
227 571
-
health
3 917
-
26 057
-
income
4 693
-
56 647
-
pensions
3 852
-
7 654
-
total
12 462
-
90 358
-
Employer
34 209
-
227 571
-
accident
571
-
3 800
-
unemployment
838
-
5 576
-
pensions
5 562
-
11 053
-
total
6 971
-
20 429
-
Corporate
206 820
248 000
-
-
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.

186 138
223 200
-
-
total
186 138
223 200
-
-
Dividends
20 682
24 800
-
-
withholding
3 930
4 712
-
-
total
3 930
4 712
-
-
Income
248 000
248 000
248 000
248 000
Total tax
209 501
227 912
110 787
78 723
After tax
38 499
20 088
137 213
169 277
Living cost
21 746
21 746
21 746
21 746
Free-cash
16 753
-1 658
115 467
147 531

Estimated living cost  is ₽21746 per week

₽15829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1240
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₽111987
₽115412
₽111008
₽82600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
248 000
municipal
-
-
-
44 028
health
-
-
-
3 397
national
-
-
-
50 822
total
-
-
-
98 247
Employee
53 095
-
208 631
-
health
396
-
2 792
-
municipal
8 697
-
33 953
-
pensions
3 583
-
14 082
-
unemployment
797
-
3 129
-
national
877
-
33 329
-
total
14 350
-
87 285
-
Employer
53 095
-
208 631
-
accident
54
-
209
-
unemployment
345
-
1 356
-
pensions
9 212
-
36 198
-
health
408
-
1 607
-
total
10 019
-
39 370
-
Corporate
184 887
248 000
-
-
income
36 977
49 600
-
-
total
36 977
49 600
-
-
Dividends

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

110 932
148 800
-
-
national
12 530
20 883
-
-
municipal
19 967
26 785
-
-
total
32 497
47 668
-
-
Income
248 000
248 000
248 000
248 000
Total tax
93 843
97 268
126 655
98 247
After tax
154 157
150 732
121 345
149 753
Living cost
38 745
38 745
38 745
38 745
Free-cash
115 412
111 987
82 600
111 008

Estimated living cost  is ₽38745 per week

₽25308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽617
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₽157323
₽151832
₽142626
₽140634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
59 357
health
-
-
-
6 324
social contributions
-
-
-
16 328
total
-
-
-
82 009
Employee
77 601
77 601
234 966
-
social contributions
2 934
6 441
8 687
-
health
601
1 320
3 995
-
income
8 449
7 184
58 285
-
total
11 984
14 945
70 967
-
Employer
77 601
77 601
234 966
-
social contributions
2 934
6 441
8 687
-
health
653
1 436
4 347
-
total
3 587
7 877
13 034
-
Corporate
209 063
162 522
-
-
income
26 134
20 316
-
-
total
26 134
20 316
-
-
Dividends
182 929
142 206
-
-
withholding
31 098
24 174
-
-
total
31 098
24 174
-
-
Income
248 000
248 000
248 000
248 000
Total tax
72 803
67 312
84 001
82 009
After tax
175 197
180 688
163 999
165 991
Living cost
23 365
23 365
23 365
23 365
Free-cash
151 832
157 323
140 634
142 626

Estimated living cost  is ₽23365 per week

₽14003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽189344
₽184211
₽196065
₽175822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
248 000
income
-
-
-
25 812
pensions
-
-
-
6 419
unemployment
-
-
-
29
health
-
-
-
3 652
total
-
-
-
35 912
Employee

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

23 164
-
238 137
-
health
1 969
-
8 139
-
income
1 584
-
23 311
-
pensions
3 474
-
14 363
-
unemployment
115
-
479
-
total
7 142
-
46 292
-
Employer

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

23 164
-
238 137
-
unemployment
115
-
479
-
pensions
1 274
-
5 267
-
health
996
-
4 117
-
total
2 385
-
9 863
-
Corporate
222 451
248 000
-
-
income
20 021
22 321
-
-
total
20 021
22 321
-
-
Dividends
202 431
225 679
-
-
withholding
18 218
20 312
-
-
total
18 218
20 312
-
-
Income
248 000
248 000
248 000
248 000
Total tax
47 766
42 633
56 155
35 912
After tax
200 234
205 367
191 845
212 088
Living cost
16 023
16 023
16 023
16 023
Free-cash
184 211
189 344
175 822
196 065

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
₽136710
₽132254
₽110640
₽106405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
843
income
-
-
-
81 546
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 609
Employee
37 315
-
218 180
-
other
36
-
94
-
income
7 194
-
78 082
-
pensions
1 754
-
4 397
-
unemployment
578
-
1 450
-
total
9 562
-
84 023
-
Employer
37 315
-
218 180
-
accident
739
-
1 852
-
other
299
-
749
-
unemployment
2 053
-
5 144
-
pensions
8 806
-
22 076
-
total
11 897
-
29 821
-
Corporate
198 788
248 000
-
-
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.

29 818
37 199
-
-
total
29 818
37 199
-
-
Dividends
168 970
210 801
-
-
withholding
36 718
46 340
-
-
total
36 718
46 340
-
-
Income
248 000
248 000
248 000
248 000
Total tax
87 995
83 539
113 844
109 609
After tax
160 005
164 461
134 156
138 391
Living cost
27 751
27 751
27 751
27 751
Free-cash
132 254
136 710
106 405
110 640

Estimated living cost  is ₽27751 per week

₽18732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽151996
₽151542
₽156826
₽156628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
84 951
pensions
-
-
-
2 010
health
-
-
-
1 457
total
-
-
-
88 418
Employee
4 198
-
245 738
-
health
210
-
503
-
income
812
-
84 845
-
pensions
378
-
905
-
unemployment
42
-
101
-
total
1 442
-
86 354
-
Employer
4 198
-
245 738
-
unemployment
84
-
201
-
pensions
462
-
1 106
-
health
399
-
955
-
total
945
-
2 262
-
Corporate
242 858
248 000
-
-
income
53 429
54 560
-
-
total
53 429
54 560
-
-
Dividends
189 429
193 440
-
-
withholding
37 886
38 688
-
-
total
37 886
38 688
-
-
Income
248 000
248 000
248 000
248 000
Total tax
93 702
93 248
88 616
88 418
After tax
154 298
154 752
159 384
159 582
Living cost
2 756
2 756
2 756
2 756
Free-cash
151 542
151 996
156 628
156 826

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
₽161727
₽156762
₽144570
₽144571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
income
-
-
-
57 784
pensions
-
-
-
19 392
unemployment
-
-
-
1 119
health
-
-
-
7 682
total
-
-
-
85 977
Employee

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

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

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

26 319
-
234 649
-
health
1 355
-
3 841
-
income
3 628
-
57 784
-
pensions
3 685
-
10 442
-
unemployment
197
-
559
-
total
8 865
-
72 626
-
Employer

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

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

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

26 319
-
234 649
-
unemployment
197
-
559
-
pensions
3 158
-
8 950
-
health
1 355
-
3 841
-
total
4 710
-
13 350
-
Corporate
216 970
248 000
-
-
income
32 546
37 200
-
-
total
32 546
37 200
-
-
Dividends
184 425
210 800
-
-
withholding
27 664
31 620
-
-
total
27 664
31 620
-
-
Income
248 000
248 000
248 000
248 000
Total tax
73 785
68 820
85 976
85 977
After tax
174 215
179 180
162 024
162 023
Living cost
17 453
17 453
17 453
17 453
Free-cash
156 762
161 727
144 571
144 570

Estimated living cost  is ₽17453 per week

₽11751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽113855
₽113492
₽101101
₽80953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
income
-
-
-
33 512
surtax
-
-
-
-
social contributions

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

-
-
-
86 180
total
-
-
-
119 692
Employee
39 169
-
200 404
-
social contributions
4 309
-
22 045
-
surtax
-
-
628
-
income
7 653
-
69 571
-
total
11 962
-
92 244
-
Employer
39 169
-
200 404
-
social contributions
9 302
-
47 596
-
total
9 302
-
47 596
-
Corporate
199 530
248 000
-
-
surtax
-
-
-
-
income
41 901
52 080
-
-
total
41 901
52 080
-
-
Dividends
157 629
195 920
-
-
withholding
44 136
54 858
-
-
total
44 136
54 858
-
-
Income
248 000
248 000
248 000
248 000
Total tax
107 301
106 938
139 840
119 692
After tax
140 699
141 062
108 160
128 308
Living cost
27 207
27 207
27 207
27 207
Free-cash
113 492
113 855
80 953
101 101

Estimated living cost  is ₽27207 per week

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

Source of data for Porto model

Close
Madrid , Spain
₽128994
₽122390
₽102924
₽98689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
843
income
-
-
-
81 546
pensions
-
-
-
26 471
other
-
-
-
94
unemployment
-
-
-
655
total
-
-
-
109 609
Employee
48 739
-
218 180
-
other
48
-
94
-
income
10 180
-
78 082
-
pensions
2 290
-
4 397
-
unemployment
755
-
1 450
-
total
13 273
-
84 023
-
Employer
48 739
-
218 180
-
accident
965
-
1 852
-
other
391
-
749
-
unemployment
2 681
-
5 144
-
pensions
11 502
-
22 076
-
total
15 539
-
29 821
-
Corporate
183 722
248 000
-
-
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.

27 558
37 199
-
-
total
27 558
37 199
-
-
Dividends
156 163
210 801
-
-
withholding
33 773
46 340
-
-
total
33 773
46 340
-
-
Income
248 000
248 000
248 000
248 000
Total tax
90 143
83 539
113 844
109 609
After tax
157 857
164 461
134 156
138 391
Living cost
35 467
35 467
35 467
35 467
Free-cash
122 390
128 994
98 689
102 924

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
₽194669
₽188515
₽184012
₽194493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
37 200
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
-
-
-
46 617
Employee
23 001
-
241 080
-
health
1 058
-
1 622
-
accident

We are using the highest rate at 1.1%.

253
-
388
-
income
2 300
-
24 108
-
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
-
29 215
-
Employer
23 001
-
241 080
-
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
220 486
248 000
-
-
income
22 049
24 800
-
-
total
22 049
24 800
-
-
Dividends
198 437
223 200
-
-
withholding
9 922
11 160
-
-
total
9 922
11 160
-
-
Income
248 000
248 000
248 000
248 000
Total tax
42 114
35 960
36 136
46 617
After tax
205 886
212 040
211 864
201 383
Living cost
17 371
17 371
17 371
17 371
Free-cash
188 515
194 669
194 493
184 012

Estimated living cost  is ₽17371 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₽88554
₽101759
₽84196
₽113051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
trade
-
-
-
28 855
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.

-
-
-
84 449
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.

-
-
-
4 644
total
-
-
-
124 842
Employee

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

50 213
-
248 000
-
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
-
4 644
-
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
-
84 449
-
total
11 251
-
95 987
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
197 787
248 000
-
-
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.

1 632
2 045
-
-
income
29 669
37 199
-
-
trade
28 382
35 589
-
-
chamber of commerce
442
517
-
-
total
60 125
75 350
-
-
Dividends
137 662
172 650
-
-
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.

1 871
2 354
-
-
withholding
34 032
42 780
-
-
total
35 903
45 134
-
-
Income
248 000
248 000
248 000
248 000
Total tax
107 279
120 484
95 987
124 842
After tax
140 721
127 516
152 013
123 158
Living cost
38 962
38 962
38 962
38 962
Free-cash
101 759
88 554
113 051
84 196

Estimated living cost  is ₽38962 per week

₽26877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₽116113
₽118341
₽64990
₽64990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
82 520
social contributions
-
-
-
43 003
total
-
-
-
125 523
Employee
78 941
-
248 000
-
income
14 896
-
82 520
-
social contributions
6 558
-
43 003
-
total
21 454
-
125 523
-
Employer
78 941
-
248 000
-
total
-
-
-
-
Corporate
169 059
248 000
-
-
income
21 133
31 000
-
-
total
21 133
31 000
-
-
Dividends
147 926
217 000
-
-
withholding
29 585
43 400
-
-
total
29 585
43 400
-
-
Income
248 000
248 000
248 000
248 000
Total tax
72 172
74 400
125 523
125 523
After tax
175 828
173 600
122 477
122 477
Living cost
57 487
57 487
57 487
57 487
Free-cash
118 341
116 113
64 990
64 990

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
₽119233
₽122762
₽167426
₽135413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
income
-
-
-
37 199
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
-
-
-
43 940
Employee
46 295
-
243 358
-
income
5 023
-
66 669
-
social contributions
4 638
-
4 642
-
total
9 661
-
71 311
-
Employer
46 295
-
243 358
-
social contributions
4 638
-
4 642
-
total
4 638
-
4 642
-
Corporate
197 066
248 000
-
-
income
68 973
86 801
-
-
total
68 973
86 801
-
-
Dividends
128 093
161 199
-
-
social contributions
5 332
5 332
-
-
total
5 332
5 332
-
-
Income
248 000
248 000
248 000
248 000
Total tax
88 604
92 133
75 953
43 940
After tax
159 396
155 867
172 047
204 060
Living cost
36 634
36 634
36 634
36 634
Free-cash
122 762
119 233
135 413
167 426

Estimated living cost  is ₽36634 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽117214
₽123211
₽121610
₽99549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
income
-
-
-
78 272
pensions
-
-
-
10 503
total
-
-
-
88 775
Employee
51 632
-
215 999
-
health
674
-
2 862
-
income
9 403
-
63 563
-
pensions
3 941
-
12 409
-
total
14 018
-
78 834
-
Employer
51 632
-
215 999
-
pensions
5 216
-
27 898
-
health
981
-
4 104
-
total
6 197
-
32 002
-
Corporate
190 170
248 000
-
-
income

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

36 132
47 120
-
-
total
36 132
47 120
-
-
Dividends
154 039
200 880
-
-
withholding
30 827
46 051
-
-
total
30 827
46 051
-
-
Income
248 000
248 000
248 000
248 000
Total tax
87 174
93 171
110 836
88 775
After tax
160 826
154 829
137 164
159 225
Living cost
37 615
37 615
37 615
37 615
Free-cash
123 211
117 214
99 549
121 610

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
-₽3812
₽16422
₽145377
₽113313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
accident
-
-
-
253
income
-
-
-
71 736
pensions
-
-
-
4 174
other
-
-
-
372
health
-
-
-
2 188
total
-
-
-
78 723
Employee
37 595
-
227 571
-
health
4 304
-
26 057
-
income
5 158
-
56 647
-
pensions
4 233
-
7 654
-
total
13 695
-
90 358
-
Employer
37 595
-
227 571
-
accident
628
-
3 800
-
unemployment
921
-
5 576
-
pensions
6 113
-
11 053
-
total
7 662
-
20 429
-
Corporate
202 744
248 000
-
-
income

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

182 469
223 200
-
-
total
182 469
223 200
-
-
Dividends
20 274
24 800
-
-
withholding
3 852
4 712
-
-
total
3 852
4 712
-
-
Income
248 000
248 000
248 000
248 000
Total tax
207 678
227 912
110 787
78 723
After tax
40 322
20 088
137 213
169 277
Living cost
23 900
23 900
23 900
23 900
Free-cash
16 422
-3 812
113 313
145 377

Estimated living cost  is ₽23900 per week

₽17540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₽176089
₽173035
₽148035
₽170228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
248 000
work injury
-
-
-
807
health insurance
-
-
-
11 943
income
-
-
-
41 951
pensions
-
-
-
29 696
unemployment
-
-
-
1 937
total
-
-
-
86 334
Employee

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

21 810
-
248 000
-
work injury
109
-
403
-
income
2 181
-
41 951
-
pensions
4 013
-
14 848
-
health insurance
1 614
-
5 971
-
unemployment
262
-
968
-
total
8 179
-
64 141
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
226 190
248 000
-
-
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%.

22 619
24 800
-
-
total
22 619
24 800
-
-
Dividends
203 571
223 200
-
-
withholding
30 536
33 480
-
-
total
30 536
33 480
-
-
Income
248 000
248 000
248 000
248 000
Total tax
61 334
58 280
64 141
86 334
After tax
186 666
189 720
183 859
161 666
Living cost
13 631
13 631
13 631
13 631
Free-cash
173 035
176 089
170 228
148 035

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
₽90425
₽85836
₽77431
₽69141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
248 000
municipal
-
-
-
1 777
regional
-
-
-
6 238
national
-
-
-
71 842
social contributions
-
-
-
50 509
total
-
-
-
130 366
Employee
85 040
-
248 000
-
social contributions
28 675
-
66 219
-
regional
1 284
-
5 716
-
municipal
508
-
1 636
-
national
14 371
-
65 085
-
total
44 838
-
138 656
-
Employer
85 040
-
248 000
-
total
-
-
-
-
Corporate
162 960
248 000
-
-
nationa
39 110
59 520
-
-
municipal
7 854
11 954
-
-
total
46 964
71 474
-
-
Dividends
115 996
176 526
-
-
withholding
30 159
45 898
-
-
total
30 159
45 898
-
-
Income
248 000
248 000
248 000
248 000
Total tax
121 961
117 372
138 656
130 366
After tax
126 039
130 628
109 344
117 634
Living cost
40 203
40 203
40 203
40 203
Free-cash
85 836
90 425
69 141
77 431

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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