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
₽ 40000
per

Your estimated
City
free-cash

Dresden , Germany
-₽8593
₽2498
₽2498
₽1987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income

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

-
-
-
1 886
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.

-
-
-
103
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.

-
-
-
6 536
trade
-
-
-
-
total
-
-
-
8 525
Employee

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

36 591
-
40 000
-
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.

56
-
103
-
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.

1 022
-
1 886
-
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.

6 536
-
6 536
-
total
7 614
-
8 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 409
40 000
-
-
income
512
6 000
-
-
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.

29
330
-
-
chamber of commerce
151
203
-
-
trade
537
6 300
-
-
total
1 229
12 833
-
-
Dividends
2 180
27 166
-
-
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.

11
354
-
-
withholding
182
6 429
-
-
total
193
6 783
-
-
Income
40 000
40 000
40 000
40 000
Total tax
9 036
19 616
8 525
8 525
After tax
30 964
20 384
31 475
31 475
Living cost
28 977
28 977
28 977
28 977
Free-cash
1 987
-8 593
2 498
2 498

Estimated living cost  is ₽28977 per week

₽18227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽26281
-₽24836
-₽25150
-₽46642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
430
municipal
-
-
-
3 404
national
-
-
-
5 275
pensions
-
-
-
4 800
total
-
-
-
13 909
Employee
79 433
-
34 580
-
municipal
9 811
-
3 559
-
pensions
3 177
-
1 383
-
national
15 204
-
5 515
-
total
28 192
-
10 457
-
Employer
79 433
-
34 580
-
pensions
6 355
-
2 766
-
social contributions
854
-
372
-
total
7 209
-
3 138
-
Corporate
-
40 000
-
-
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%.

-
8 000
-
-
total
-
8 000
-
-
Dividends
-
32 000
-
-
withholding
-
7 040
-
-
total
-
7 040
-
-
Income
40 000
40 000
40 000
40 000
Total tax
35 401
15 040
13 595
13 909
After tax
4 599
24 960
26 405
26 091
Living cost
51 241
51 241
51 241
51 241
Free-cash
-46 642
-26 281
-24 836
-25 150

Estimated living cost  is ₽51241 per week

₽34828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽767
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10883
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12096
₽3047
₽11085
₽4250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
-
surtax
-
-
-
-
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.

-
-
-
3 012
microenterprise
-
-
-
6 000
total
-
-
-
9 012
Employee
27 954
-
32 235
-
surtax
-
-
-
-
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.

3 075
-
3 546
-
income
4 976
-
5 739
-
total
8 051
-
9 285
-
Employer
27 954
-
32 235
-
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.

6 734
-
7 765
-
surtax
-
-
-
-
total
6 734
-
7 765
-
Corporate
5 312
40 000
-
-
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%.

1 062
8 001
-
-
total
1 062
8 001
-
-
Dividends

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

4 250
31 999
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 847
8 001
17 050
9 012
After tax
24 153
31 999
22 950
30 988
Living cost
19 903
19 903
19 903
19 903
Free-cash
4 250
12 096
3 047
11 085

Estimated living cost  is ₽19903 per week

₽12697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽49629
-₽54998
-₽17059
-₽54998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 643
health
-
-
-
6 140
pensions
-
-
-
7 200
total
-
-
-
16 983
Employee
81 696
81 696
81 696
-
pensions
14 705
11 209
14 705
-
income

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

13 372
13 372
13 372
-
health
12 539
10 666
12 539
-
total
40 616
35 247
40 616
-
Employer
81 696
81 696
81 696
-
health
5 679
5 679
5 679
-
pensions
5 686
5 686
5 686
-
unemployment
2 941
2 941
2 941
-
total
14 306
14 306
14 306
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
54 922
49 553
54 922
16 983
After tax
-14 922
-9 553
-14 922
23 017
Living cost
40 076
40 076
40 076
40 076
Free-cash
-54 998
-49 629
-54 998
-17 059

Estimated living cost  is ₽40076 per week

₽28401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽637
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17525
-₽18004
-₽19425
-₽33716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
80
other
-
-
-
4 648
unemployment
-
-
-
40
health
-
-
-
2 496
municipal
-
-
-
8 472
national
-
-
-
-
pensions
-
-
-
4 324
total
-
-
-
20 060
Employee
56 092
-
30 437
-
municipal
16 727
-
9 076
-
national
-
-
-
-
total
16 727
-
9 076
-
Employer
56 092
-
30 437
-
health
3 450
-
1 872
-
pensions
6 063
-
3 290
-
accident
112
-
61
-
unemployment
1 481
-
803
-
other
6 518
-
3 537
-
total
17 624
-
9 563
-
Corporate
-
40 000
-
-
income
-
8 800
-
-
total
-
8 800
-
-
Dividends
-
31 200
-
-
withholding
-
9 360
-
-
total
-
9 360
-
-
Income
40 000
40 000
40 000
40 000
Total tax
34 351
18 160
18 639
20 060
After tax
5 649
21 840
21 361
19 940
Living cost
39 365
39 365
39 365
39 365
Free-cash
-33 716
-17 525
-18 004
-19 425

Estimated living cost  is ₽39365 per week

₽26090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽598
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17401
-₽6107
-₽6107
-₽8515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income

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

-
-
-
1 886
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.

-
-
-
103
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.

-
-
-
6 536
trade
-
-
-
-
total
-
-
-
8 525
Employee

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

48 515
-
40 000
-
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.

229
-
103
-
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.

4 168
-
1 886
-
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.

6 536
-
6 536
-
total
10 933
-
8 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 000
-
-
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.

-
330
-
-
chamber of commerce
-
202
-
-
trade
-
6 579
-
-
total
-
13 111
-
-
Dividends
-
26 889
-
-
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.

-
350
-
-
withholding
-
6 358
-
-
total
-
6 708
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 933
19 819
8 525
8 525
After tax
29 067
20 181
31 475
31 475
Living cost
37 582
37 582
37 582
37 582
Free-cash
-8 515
-17 401
-6 107
-6 107

Estimated living cost  is ₽37582 per week

₽25135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3963
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.
₽7923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12663
-₽6273
₽1710
-₽7434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
6 240
health
-
-
-
1 020
total
-
-
-
7 260
Employee
73 563
73 563
73 563
-
social contributions
3 575
6 105
3 014
-
income
7 725
6 810
7 926
-
health
732
1 251
617
-
total
12 032
14 166
11 557
-
Employer
73 563
73 563
73 563
-
health
797
1 362
672
-
social contributions
3 575
6 105
3 014
-
total
4 372
7 467
3 686
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 404
21 633
15 243
7 260
After tax
23 596
18 367
24 757
32 740
Living cost
31 030
31 030
31 030
31 030
Free-cash
-7 434
-12 663
-6 273
1 710

Estimated living cost  is ₽31030 per week

₽21212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5159
₽5603
₽10124
₽5524
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
4 890
unemployment
-
-
-
600
health
-
-
-
2 800
pensions
-
-
-
4 000
total
-
-
-
12 290
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.

25 386
10 103
33 473
-
unemployment
381
152
502
-
pensions
2 539
1 010
3 347
-
income
3 103
1 235
4 092
-
health
1 777
707
2 343
-
total
7 800
3 104
10 284
-
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.

25 386
10 103
33 473
-
pensions
4 950
1 970
6 527
-
total
4 950
1 970
6 527
-
Corporate
9 663
27 926
-
-
income
870
2 513
-
-
total
870
2 513
-
-
Dividends
8 794
25 413
-
-
social contributions
1 599
4 840
-
-
withholding
1 671
4 828
-
-
total
3 270
9 668
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 890
17 255
16 811
12 290
After tax
23 110
22 745
23 189
27 710
Living cost
17 586
17 586
17 586
17 586
Free-cash
5 524
5 159
5 603
10 124

Estimated living cost  is ₽17586 per week

₽12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1439
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.
₽3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽8892
₽1829
₽440
₽2951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 255
health
-
-
-
5 199
pensions
-
-
-
7 999
total
-
-
-
16 453
Employee
27 139
-
29 893
-
unemployment
434
-
477
-
pensions
543
-
597
-
income
3 055
-
3 883
-
total
4 032
-
4 957
-
Employer
27 139
-
29 893
-
health
3 527
-
3 887
-
pensions
5 428
-
5 980
-
unemployment
218
-
240
-
total
9 173
-
10 107
-
Corporate
3 687
40 000
-
-
income
737
8 001
-
-
total
737
8 001
-
-
Dividends
2 950
31 999
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 942
8 001
15 064
16 453
After tax
26 058
31 999
24 936
23 547
Living cost
23 107
23 107
23 107
23 107
Free-cash
2 951
8 892
1 829
440

Estimated living cost  is ₽23107 per week

₽15849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1376
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.
₽5417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽18133
-₽250
₽5962
-₽474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
245
income
-
-
-
5 899
other
-
-
-
360
health
-
-
-
2 119
pensions
-
-
-
4 042
total
-
-
-
12 665
Employee
33 621
-
33 228
-
pensions
3 786
-
3 741
-
income
4 613
-
4 559
-
health
3 850
-
3 805
-
total
12 249
-
12 105
-
Employer
33 621
-
33 228
-
pensions
5 467
-
5 403
-
accident
561
-
555
-
unemployment
824
-
814
-
total
6 852
-
6 772
-
Corporate
-
40 000
-
-
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.

-
36 000
-
-
total
-
36 000
-
-
Dividends
-
4 000
-
-
withholding
-
760
-
-
total
-
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 101
36 760
18 877
12 665
After tax
20 899
3 240
21 123
27 335
Living cost
21 373
21 373
21 373
21 373
Free-cash
-474
-18 133
-250
5 962

Estimated living cost  is ₽21373 per week

₽15665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽446
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽30129
₽24129
₽31729
₽28653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
40 000
microenterprise

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

-
-
-
400
total
-
-
-
400
Employee
9 839
-
40 000
-
income
1 968
-
8 000
-
total
1 968
-
8 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

30 161
40 000
-
-
total
-
-
-
-
Dividends
30 161
40 000
-
-
withholding
1 508
2 000
-
-
total
1 508
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
3 476
2 000
8 000
400
After tax
36 524
38 000
32 000
39 600
Living cost
7 871
7 871
7 871
7 871
Free-cash
28 653
30 129
24 129
31 729

Estimated living cost  is ₽7871 per week

₽4878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2123
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3898
-₽2047
-₽3831
-₽3491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 080
other
-
-
-
1 901
health
-
-
-
1 759
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.

-
-
-
9 600
total
-
-
-
18 340
Employee
34 736
-
31 948
-
unemployment
347
-
320
-
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.

2 431
-
2 237
-
income
5 980
-
5 499
-
health
487
-
447
-
total
9 245
-
8 503
-
Employer
34 736
-
31 948
-
health
487
-
447
-
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.

5 906
-
5 432
-
accident
278
-
256
-
unemployment
347
-
320
-
other
1 737
-
1 598
-
total
8 755
-
8 053
-
Corporate
-
40 000
-
-
income
-
8 400
-
-
total
-
8 400
-
-
Dividends
-
31 600
-
-
withholding
-
2 211
-
-
total
-
2 211
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 000
10 611
16 556
18 340
After tax
22 000
29 389
23 444
21 660
Living cost
25 491
25 491
25 491
25 491
Free-cash
-3 491
3 898
-2 047
-3 831

Estimated living cost  is ₽25491 per week

₽18011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽33566
-₽36720
-₽33148
-₽62218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 597
pensions
-
-
-
2 013
total
-
-
-
9 610
Employee
89 897
-
36 121
-
pensions
8 673
-
2 220
-
income
16 205
-
6 704
-
health
1 481
-
379
-
total
26 359
-
9 303
-
Employer
89 897
-
36 121
-
health
1 707
-
686
-
pensions
10 614
-
3 193
-
total
12 321
-
3 879
-
Corporate
-
40 000
-
-
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.

-
7 599
-
-
total
-
7 599
-
-
Dividends
-
32 401
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
38 680
10 028
13 182
9 610
After tax
1 320
29 972
26 818
30 390
Living cost
63 538
63 538
63 538
63 538
Free-cash
-62 218
-33 566
-36 720
-33 148

Estimated living cost  is ₽63538 per week

₽47611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7465
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.
₽7947
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽21653
₽12707
₽12528
₽17209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
unemployment
-
-
-
134
health
-
-
-
3 844
pensions

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

-
-
-
4 947
total
-
-
-
14 925
Employee
16 614
-
33 442
-
accident

We are using the highest rate at 1.1%.

183
-
368
-
pensions

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

1 459
-
2 935
-
income
1 661
-
3 345
-
health
764
-
1 538
-
total
4 067
-
8 186
-
Employer
16 614
-
33 442
-
health
1 147
-
2 307
-
pensions

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

1 831
-
3 684
-
accident

We are using the highest rate at 1.1%.

183
-
368
-
unemployment
99
-
201
-
total
3 260
-
6 560
-
Corporate
20 126
40 000
-
-
income
2 012
4 000
-
-
total
2 012
4 000
-
-
Dividends
18 113
36 000
-
-
withholding
905
1 800
-
-
total
905
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 244
5 800
14 746
14 925
After tax
29 756
34 200
25 254
25 075
Living cost
12 547
12 547
12 547
12 547
Free-cash
17 209
21 653
12 707
12 528

Estimated living cost  is ₽12547 per week

₽7325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽62602
-₽67971
-₽30032
-₽64224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 643
health
-
-
-
6 140
pensions
-
-
-
7 200
total
-
-
-
16 983
Employee
88 695
81 696
81 696
-
pensions
11 209
11 209
14 705
-
income

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

13 372
13 372
13 372
-
health
11 065
10 666
12 539
-
total
35 646
35 247
40 616
-
Employer
88 695
81 696
81 696
-
health
6 163
5 679
5 679
-
pensions
6 173
5 686
5 686
-
unemployment
3 193
2 941
2 941
-
total
15 529
14 306
14 306
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
51 175
49 553
54 922
16 983
After tax
-11 175
-9 553
-14 922
23 017
Living cost
53 049
53 049
53 049
53 049
Free-cash
-64 224
-62 602
-67 971
-30 032

Estimated living cost  is ₽53049 per week

₽39132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3749
-₽3493
-₽4309
-₽6882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
social contributions
-
-
-
11 680
solidarity contribution
-
-
-
-
health
-
-
-
5 400
total
-
-
-
20 518
Employee
34 987
-
29 851
-
solidarity contribution
-
-
-
-
social contributions
2 274
-
1 940
-
income
4 198
-
3 582
-
health
4 723
-
4 030
-
total
11 195
-
9 552
-
Employer
34 987
-
29 851
-
health
3 149
-
2 687
-
social contributions
8 747
-
7 463
-
total
11 896
-
10 150
-
Corporate
-
40 000
-
-
income
-
7 600
-
-
total
-
7 600
-
-
Dividends
-
32 400
-
-
withholding
-
4 860
-
-
total
-
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 091
12 460
19 702
20 518
After tax
16 909
27 540
20 298
19 482
Living cost
23 791
23 791
23 791
23 791
Free-cash
-6 882
3 749
-3 493
-4 309

Estimated living cost  is ₽23791 per week

₽16526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽468
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19025
-₽20494
-₽18202
-₽45022
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
375
municipal
-
-
-
238
national
-
-
-
6 933
total
-
-
-
17 834
Employee
85 023
-
40 000
-
municipal
450
-
212
-
national
14 732
-
6 098
-
regional
802
-
327
-
social contributions
28 670
-
13 489
-
total
44 654
-
20 126
-
Employer
85 023
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 559
-
-
nationa
-
9 600
-
-
total
-
11 159
-
-
Dividends
-
28 840
-
-
withholding
-
7 498
-
-
total
-
7 498
-
-
Income
40 000
40 000
40 000
40 000
Total tax
44 654
18 657
20 126
17 834
After tax
-4 654
21 343
19 874
22 166
Living cost
40 368
40 368
40 368
40 368
Free-cash
-45 022
-19 025
-20 494
-18 202

Estimated living cost  is ₽40368 per week

₽28140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽619
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4047
₽917
₽1886
₽1072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 788
other
-
-
-
-
surtax
-
-
-
158
unemployment
-
-
-
218
health
-
-
-
2 839
pensions
-
-
-
8 001
total
-
-
-
17 004
Employee
31 637
-
33 043
-
other
-
-
-
-
unemployment
2 202
-
2 300
-
pensions
2 110
-
2 204
-
surtax
103
-
131
-
income
5 303
-
5 539
-
health
808
-
842
-
total
10 526
-
11 016
-
Employer
31 637
-
33 043
-
health
1 440
-
1 505
-
pensions
4 217
-
4 404
-
unemployment
1 002
-
1 048
-
other
-
-
-
-
total
6 659
-
6 957
-
Corporate
1 704
40 000
-
-
income
443
10 401
-
-
total
443
10 401
-
-
Dividends
1 261
29 599
-
-
withholding
189
4 441
-
-
total
189
4 441
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 817
14 842
17 973
17 004
After tax
22 183
25 158
22 027
22 996
Living cost
21 110
21 110
21 110
21 110
Free-cash
1 072
4 047
917
1 886

Estimated living cost  is ₽21110 per week

₽12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽487
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽13436
-₽16590
-₽13018
-₽27914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 597
pensions
-
-
-
2 013
total
-
-
-
9 610
Employee
60 247
-
36 121
-
pensions
5 114
-
2 220
-
income
10 851
-
6 704
-
health
875
-
379
-
total
16 840
-
9 303
-
Employer
60 247
-
36 121
-
health
1 144
-
686
-
pensions
6 522
-
3 193
-
total
7 666
-
3 879
-
Corporate
-
40 000
-
-
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.

-
7 599
-
-
total
-
7 599
-
-
Dividends
-
32 401
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 506
10 028
13 182
9 610
After tax
15 494
29 972
26 818
30 390
Living cost
43 408
43 408
43 408
43 408
Free-cash
-27 914
-13 436
-16 590
-13 018

Estimated living cost  is ₽43408 per week

₽32521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽58224
-₽45103
-₽42327
-₽58072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
800
regional
-
-
-
607
health
-
-
-
250
city
-
-
-
421
national
-
-
-
53
pensions
-
-
-
3 681
total
-
-
-
5 812
Employee
89 542
-
35 392
-
unemployment
-
-
-
-
pensions
7 523
-
3 431
-
national
424
-
24
-
regional
2 932
-
458
-
city
961
-
375
-
health
202
-
81
-
total
12 042
-
4 369
-
Employer
89 542
-
35 392
-
health
202
-
81
-
pensions
7 523
-
3 431
-
unemployment
-
-
-
-
other

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

1 790
-
707
-
total
9 515
-
4 219
-
Corporate
-
40 000
-
-
regional
-
8 460
-
-
national
-
3 400
-
-
total
-
11 860
-
-
Dividends
-
28 140
-
-
withholding
-
9 849
-
-
total
-
9 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
21 557
21 709
8 588
5 812
After tax
18 443
18 291
31 412
34 188
Living cost
76 515
76 515
76 515
76 515
Free-cash
-58 072
-58 224
-45 103
-42 327

Estimated living cost  is ₽76515 per week

₽49756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽939
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽23855
-₽12351
-₽12351
-₽17495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income

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

-
-
-
1 886
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.

-
-
-
103
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.

-
-
-
6 536
trade
-
-
-
-
total
-
-
-
8 525
Employee

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

57 494
-
40 000
-
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.

372
-
103
-
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.

6 761
-
1 886
-
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.

6 536
-
6 536
-
total
13 669
-
8 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 000
-
-
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.

-
330
-
-
chamber of commerce
-
202
-
-
trade
-
6 861
-
-
total
-
13 393
-
-
Dividends
-
26 607
-
-
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.

-
347
-
-
withholding
-
6 289
-
-
total
-
6 636
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 669
20 029
8 525
8 525
After tax
26 331
19 971
31 475
31 475
Living cost
43 826
43 826
43 826
43 826
Free-cash
-17 495
-23 855
-12 351
-12 351

Estimated living cost  is ₽43826 per week

₽32008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12571
-₽7713
-₽8422
-₽13729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 044
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 140
health
-
-
-
347
pensions
-
-
-
11 920
total
-
-
-
15 691
Employee
40 944
-
30 480
-
pensions
4 629
-
3 446
-
surtax
-
-
-
-
social contributions
1 167
-
868
-
income
2 416
-
1 151
-
total
8 212
-
5 465
-
Employer
40 944
-
30 480
-
health
2 867
-
2 133
-
pensions
6 726
-
5 007
-
unemployment
1 658
-
1 235
-
social contributions
123
-
91
-
other
1 412
-
1 051
-
total
12 786
-
9 517
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 687
-
-
total
-
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 998
19 840
14 982
15 691
After tax
19 002
20 160
25 018
24 309
Living cost
32 731
32 731
32 731
32 731
Free-cash
-13 729
-12 571
-7 713
-8 422

Estimated living cost  is ₽32731 per week

₽20638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽557
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9328
-₽4470
-₽5179
-₽7963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 044
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 140
health
-
-
-
347
pensions
-
-
-
11 920
total
-
-
-
15 691
Employee
36 548
-
30 480
-
pensions
4 134
-
3 446
-
surtax
-
-
-
-
social contributions
1 042
-
868
-
income
1 884
-
1 151
-
total
7 060
-
5 465
-
Employer
36 548
-
30 480
-
health
2 558
-
2 133
-
pensions
6 006
-
5 007
-
unemployment
1 480
-
1 235
-
social contributions
109
-
91
-
other
1 262
-
1 051
-
total
11 415
-
9 517
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 687
-
-
total
-
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 475
19 840
14 982
15 691
After tax
21 525
20 160
25 018
24 309
Living cost
29 488
29 488
29 488
29 488
Free-cash
-7 963
-9 328
-4 470
-5 179

Estimated living cost  is ₽29488 per week

₽17102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4117
₽4250
₽5401
₽3595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
social contributions
-
-
-
5 521
health
-
-
-
2 792
total
-
-
-
14 313
Employee
32 437
-
40 000
-
social contributions
4 477
-
5 521
-
income
5 410
-
7 151
-
health
2 264
-
2 792
-
total
12 151
-
15 464
-
Employer
32 437
-
40 000
-
total
-
-
-
-
Corporate
7 563
40 000
-
-
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%.

378
2 001
-
-
total
378
2 001
-
-
Dividends
7 186
37 999
-
-
social contributions
1 668
5 243
-
-
withholding
1 078
5 701
-
-
health
844
2 652
-
-
total
3 590
13 596
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 119
15 597
15 464
14 313
After tax
23 881
24 403
24 536
25 687
Living cost
20 286
20 286
20 286
20 286
Free-cash
3 595
4 117
4 250
5 401

Estimated living cost  is ₽20286 per week

₽13576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15495
-₽18621
-₽11313
-₽22663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
926
surtax
-
-
-
189
unemployment
-
-
-
5 868
chamber of commerce
-
-
-
160
health
-
-
-
3 061
pensions
-
-
-
7 400
total
-
-
-
17 604
Employee
47 810
38 125
38 125
-
other
477
381
305
-
unemployment
1 434
1 144
915
-
pensions
4 896
3 903
3 121
-
income
5 443
2 812
3 159
-
health
1 850
1 476
1 180
-
total
14 100
9 716
8 680
-
Employer
47 810
38 125
38 125
-
chamber of commerce
191
152
152
-
health
1 806
1 441
1 153
-
pensions
6 000
4 786
3 825
-
accident
621
496
396
-
unemployment
1 434
1 144
915
-
surtax
189
189
189
-
payroll
1 434
1 144
1 144
-
other
2 271
1 810
1 746
-
total
13 946
11 162
9 520
-
Corporate
3 631
3 631
26 849
-
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.

908
908
6 712
-
total
908
908
6 712
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 954
21 786
24 912
17 604
After tax
11 046
18 214
15 088
22 396
Living cost
33 709
33 709
33 709
33 709
Free-cash
-22 663
-15 495
-18 621
-11 313

Estimated living cost  is ₽33709 per week

₽22483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12245
-₽16730
-₽11420
-₽48351
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
communal

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

-
-
-
2 206
social contributions
-
-
-
3 233
national
-
-
-
11 099
total
-
-
-
16 538
Employee

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

68 431
-
30 981
-
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.

595
-
269
-
communal

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

3 569
-
1 616
-
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.

5 132
-
2 324
-
national
21 039
-
7 165
-
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.

3 215
-
1 456
-
total
33 550
-
12 830
-
Employer

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

68 431
-
30 981
-
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.

4 208
-
1 904
-
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.

6 064
-
2 745
-
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.

890
-
403
-
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.

999
-
452
-
surtax
7 759
-
3 515
-
total
19 920
-
9 019
-
Corporate
-
40 000
-
-
income
-
8 001
-
-
surtax
-
160
-
-
total
-
8 161
-
-
Dividends
-
31 839
-
-
withholding

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

-
9 203
-
-
total
-
9 203
-
-
Income
40 000
40 000
40 000
40 000
Total tax
53 470
17 364
21 849
16 538
After tax
-13 470
22 636
18 151
23 462
Living cost
34 882
34 882
34 882
34 882
Free-cash
-48 351
-12 245
-16 730
-11 420

Estimated living cost  is ₽34882 per week

₽22468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽546
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7471
-₽12302
-₽12138
-₽22800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
359
income
-
-
-
5 591
other
-
-
-
40
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 589
Employee
47 621
-
29 815
-
other
47
-
33
-
unemployment
739
-
496
-
pensions
2 238
-
1 501
-
income
10 048
-
5 538
-
total
13 072
-
7 568
-
Employer
47 621
-
29 815
-
pensions
11 238
-
7 540
-
accident
942
-
632
-
unemployment
2 620
-
1 757
-
other
379
-
256
-
total
15 179
-
10 185
-
Corporate
-
40 000
-
-
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.

-
6 000
-
-
total
-
6 000
-
-
Dividends
-
34 000
-
-
withholding
-
6 922
-
-
total
-
6 922
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 251
12 922
17 753
17 589
After tax
11 749
27 078
22 247
22 411
Living cost
34 549
34 549
34 549
34 549
Free-cash
-22 800
-7 471
-12 302
-12 138

Estimated living cost  is ₽34549 per week

₽25442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2451
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽26819
-₽25861
-₽25861
-₽41103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
communal
-
-
-
-
accident
-
-
-
410
income
-
-
-
743
surtax
-
-
-
2 022
health
-
-
-
3 413
pensions
-
-
-
7 284
total
-
-
-
13 872
Employee
72 448
-
34 559
-
pensions
5 795
-
3 642
-
surtax
4 441
-
2 022
-
income
6 998
-
741
-
health
3 224
-
2 026
-
total
20 458
-
8 431
-
Employer
72 448
-
34 559
-
health
2 209
-
1 389
-
pensions
5 795
-
3 642
-
accident
652
-
410
-
total
8 656
-
5 441
-
Corporate
-
40 000
-
-
communal
-
2 700
-
-
income
-
6 000
-
-
surtax
-
419
-
-
total
-
9 119
-
-
Dividends
-
30 881
-
-
income
-
1 080
-
-
withholding
-
4 631
-
-
total
-
5 711
-
-
Income
40 000
40 000
40 000
40 000
Total tax
29 114
14 830
13 872
13 872
After tax
10 886
25 170
26 128
26 128
Living cost
51 989
51 989
51 989
51 989
Free-cash
-41 103
-26 819
-25 861
-25 861

Estimated living cost  is ₽51989 per week

₽39000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3150
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.
₽9288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3670
₽539
₽1508
₽630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 788
other
-
-
-
-
surtax
-
-
-
158
unemployment
-
-
-
218
health
-
-
-
2 839
pensions
-
-
-
8 001
total
-
-
-
17 004
Employee
32 217
-
33 043
-
other
-
-
-
-
unemployment
2 242
-
2 300
-
pensions
2 150
-
2 204
-
surtax
114
-
131
-
income
5 401
-
5 539
-
health
822
-
842
-
total
10 729
-
11 016
-
Employer
32 217
-
33 043
-
health
1 465
-
1 505
-
pensions
4 295
-
4 404
-
unemployment
1 022
-
1 048
-
other
-
-
-
-
total
6 782
-
6 957
-
Corporate
1 000
40 000
-
-
income
260
10 401
-
-
total
260
10 401
-
-
Dividends
741
29 599
-
-
withholding
111
4 441
-
-
total
111
4 441
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 882
14 842
17 973
17 004
After tax
22 118
25 158
22 027
22 996
Living cost
21 488
21 488
21 488
21 488
Free-cash
630
3 670
539
1 508

Estimated living cost  is ₽21488 per week

₽12973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽4746
-₽6107
-₽3834
-₽13068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
604
municipal
-
-
-
238
national
-
-
-
6 933
total
-
-
-
18 063
Employee
53 068
-
40 000
-
municipal
281
-
212
-
national
8 407
-
6 098
-
regional
714
-
537
-
social contributions
17 895
-
13 489
-
total
27 297
-
20 336
-
Employer
53 068
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 988
-
-
nationa
-
9 600
-
-
total
-
11 588
-
-
Dividends
-
28 412
-
-
withholding
-
7 387
-
-
total
-
7 387
-
-
Income
40 000
40 000
40 000
40 000
Total tax
27 297
18 975
20 336
18 063
After tax
12 703
21 025
19 664
21 937
Living cost
25 771
25 771
25 771
25 771
Free-cash
-13 068
-4 746
-6 107
-3 834

Estimated living cost  is ₽25771 per week

₽16027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽1777
-₽9019
-₽9835
-₽17771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
social contributions
-
-
-
11 680
solidarity contribution
-
-
-
-
health
-
-
-
5 400
total
-
-
-
20 518
Employee
43 113
-
29 851
-
solidarity contribution
-
-
-
-
social contributions
2 802
-
1 940
-
income
5 174
-
3 582
-
health
5 820
-
4 030
-
total
13 796
-
9 552
-
Employer
43 113
-
29 851
-
health
3 880
-
2 687
-
social contributions
10 778
-
7 463
-
total
14 658
-
10 150
-
Corporate
-
40 000
-
-
income
-
7 600
-
-
total
-
7 600
-
-
Dividends
-
32 400
-
-
withholding
-
4 860
-
-
total
-
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 454
12 460
19 702
20 518
After tax
11 546
27 540
20 298
19 482
Living cost
29 317
29 317
29 317
29 317
Free-cash
-17 771
-1 777
-9 019
-9 835

Estimated living cost  is ₽29317 per week

₽21802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽507
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5384
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12118
-₽15335
-₽7936
-₽14761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
926
surtax
-
-
-
-
unemployment
-
-
-
5 868
chamber of commerce
-
-
-
160
health
-
-
-
3 061
pensions
-
-
-
7 400
total
-
-
-
17 415
Employee
41 819
38 125
38 125
-
other
418
381
307
-
unemployment
1 254
1 144
919
-
pensions
4 283
3 903
3 137
-
income
3 725
2 812
3 152
-
health
1 618
1 476
1 185
-
total
11 298
9 716
8 700
-
Employer
41 819
38 125
38 125
-
chamber of commerce
167
152
152
-
health
1 581
1 441
1 158
-
pensions
5 249
4 786
3 845
-
accident
543
496
398
-
unemployment
1 254
1 144
919
-
surtax
-
-
-
-
payroll
1 254
1 144
1 144
-
other
1 986
1 810
1 746
-
total
12 034
10 973
9 362
-
Corporate
3 631
3 631
27 007
-
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.

908
908
6 752
-
total
908
908
6 752
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 240
21 597
24 814
17 415
After tax
15 760
18 403
15 186
22 585
Living cost
30 521
30 521
30 521
30 521
Free-cash
-14 761
-12 118
-15 335
-7 936

Estimated living cost  is ₽30521 per week

₽18309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽545
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽25734
₽19734
₽27334
₽23434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
40 000
microenterprise

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

-
-
-
400
total
-
-
-
400
Employee
15 333
-
40 000
-
income
3 067
-
8 000
-
total
3 067
-
8 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

24 667
40 000
-
-
total
-
-
-
-
Dividends
24 667
40 000
-
-
withholding
1 233
2 000
-
-
total
1 233
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
4 300
2 000
8 000
400
After tax
35 700
38 000
32 000
39 600
Living cost
12 266
12 266
12 266
12 266
Free-cash
23 434
25 734
19 734
27 334

Estimated living cost  is ₽12266 per week

₽8301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽411
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1880
-₽4378
-₽3107
-₽8890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
6 146
unemployment
-
-
-
60
health
-
-
-
3 936
pensions
-
-
-
7 305
total
-
-
-
17 447
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.

42 304
-
34 612
-
unemployment
60
-
49
-
pensions
6 557
-
5 365
-
income
7 295
-
5 678
-
health
2 732
-
2 237
-
total
16 644
-
13 329
-
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.

42 304
-
34 612
-
health
2 818
-
2 306
-
pensions
3 743
-
3 063
-
unemployment
25
-
20
-
total
6 586
-
5 389
-
Corporate
-
40 000
-
-
income
-
7 600
-
-
total
-
7 600
-
-
Dividends
-
32 400
-
-
withholding
-
4 860
-
-
total
-
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 230
12 460
18 718
17 447
After tax
16 770
27 540
21 282
22 553
Living cost
25 660
25 660
25 660
25 660
Free-cash
-8 890
1 880
-4 378
-3 107

Estimated living cost  is ₽25660 per week

₽17610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17243
-₽14256
-₽13936
-₽103681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 797
social contributions
-
-
-
4 560
total
-
-
-
12 357
Employee
59 619
-
492
-
social contributions
4 889
-
697
-
income
13 151
-
-
-
total
18 040
-
697
-
Employer
59 619
-
492
-
social contributions
84 062
-
11 980
-
total
84 062
-
11 980
-
Corporate
-
40 000
-
-
income
-
8 800
-
-
total
-
8 800
-
-
Dividends
-
31 200
-
-
income
-
6 864
-
-
total
-
6 864
-
-
Income
40 000
40 000
40 000
40 000
Total tax
102 102
15 664
12 677
12 357
After tax
-62 102
24 336
27 323
27 643
Living cost
41 579
41 579
41 579
41 579
Free-cash
-103 681
-17 243
-14 256
-13 936

Estimated living cost  is ₽41579 per week

₽26978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7257
-₽7276
-₽6516
-₽14450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
2 609
surtax
-
-
-
-
social contributions

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

-
-
-
13 899
total
-
-
-
16 508
Employee
43 999
-
32 322
-
surtax
-
-
-
-
social contributions
4 840
-
3 555
-
income
9 152
-
6 037
-
total
13 992
-
9 592
-
Employer
43 999
-
32 322
-
social contributions
10 450
-
7 676
-
total
10 450
-
7 676
-
Corporate
-
40 000
-
-
income
-
8 400
-
-
surtax
-
-
-
-
total
-
8 400
-
-
Dividends
-
31 600
-
-
withholding
-
8 849
-
-
total
-
8 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 442
17 249
17 268
16 508
After tax
15 558
22 751
22 732
23 492
Living cost
30 008
30 008
30 008
30 008
Free-cash
-14 450
-7 257
-7 276
-6 516

Estimated living cost  is ₽30008 per week

₽22452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽26046
-₽21188
-₽21897
-₽38632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 044
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 140
health
-
-
-
347
pensions
-
-
-
11 920
total
-
-
-
15 691
Employee
59 918
-
30 480
-
pensions
6 777
-
3 446
-
surtax
-
-
-
-
social contributions
1 707
-
868
-
income
5 228
-
1 151
-
total
13 712
-
5 465
-
Employer
59 918
-
30 480
-
health
4 194
-
2 133
-
pensions
9 845
-
5 007
-
unemployment
2 427
-
1 235
-
social contributions
180
-
91
-
other
2 068
-
1 051
-
total
18 714
-
9 517
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 687
-
-
total
-
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
32 426
19 840
14 982
15 691
After tax
7 574
20 160
25 018
24 309
Living cost
46 206
46 206
46 206
46 206
Free-cash
-38 632
-26 046
-21 188
-21 897

Estimated living cost  is ₽46206 per week

₽31271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽634
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7244
₽3625
₽2443
₽4029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
8 800
total
-
-
-
8 800
Employee
30 756
-
34 632
-
income
-
-
-
-
social contributions
1 999
-
2 251
-
total
1 999
-
2 251
-
Employer
30 756
-
34 632
-
social contributions
4 767
-
5 367
-
total
4 767
-
5 367
-
Corporate
4 477
40 000
-
-
income
448
3 999
-
-
total
448
3 999
-
-
Dividends
4 028
36 001
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
7 214
3 999
7 618
8 800
After tax
32 786
36 001
32 382
31 200
Living cost
28 757
28 757
28 757
28 757
Free-cash
4 029
7 244
3 625
2 443

Estimated living cost  is ₽28757 per week

₽18594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽541
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽168235
-₽168235
-₽19106
-₽168235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
labour market
-
-
-
3 134
municipal
-
-
-
5 720
national
-
-
-
3 395
pensions
-
-
-
828
total
-
-
-
13 077
Employee
194 276
194 276
194 276
-
municipal
41 370
41 370
41 370
-
labour market
15 520
15 520
15 520
-
pensions
276
276
276
-
national
23 734
23 734
23 734
-
total
80 900
80 900
80 900
-
Employer
194 276
194 276
194 276
-
national
23 776
23 776
23 776
-
labour market
15 542
15 542
15 542
-
pensions
552
552
552
-
municipal
41 436
41 436
41 436
-
total
81 306
81 306
81 306
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
162 206
162 206
162 206
13 077
After tax
-122 206
-122 206
-122 206
26 923
Living cost
46 029
46 029
46 029
46 029
Free-cash
-168 235
-168 235
-168 235
-19 106

Estimated living cost  is ₽46029 per week

₽31502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽708
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17818
₽65
₽6277
₽11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
245
income
-
-
-
5 899
other
-
-
-
360
health
-
-
-
2 119
pensions
-
-
-
4 042
total
-
-
-
12 665
Employee
33 126
-
33 228
-
pensions
3 730
-
3 741
-
income
4 544
-
4 559
-
health
3 793
-
3 805
-
total
12 067
-
12 105
-
Employer
33 126
-
33 228
-
pensions
5 386
-
5 403
-
accident
553
-
555
-
unemployment
812
-
814
-
total
6 751
-
6 772
-
Corporate
123
40 000
-
-
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.

111
36 000
-
-
total
111
36 000
-
-
Dividends
12
4 000
-
-
withholding
2
760
-
-
total
2
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 931
36 760
18 877
12 665
After tax
21 069
3 240
21 123
27 335
Living cost
21 058
21 058
21 058
21 058
Free-cash
11
-17 818
65
6 277

Estimated living cost  is ₽21058 per week

₽15328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1200
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9051
-₽11509
-₽4577
-₽19829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
40 000
health
-
-
-
216
municipal
-
-
-
7 162
national
-
-
-
470
total
-
-
-
7 848
Employee
50 332
-
33 650
-
municipal
8 244
-
5 535
-
unemployment
755
-
505
-
pensions
3 397
-
2 271
-
national
831
-
-
-
health
376
-
118
-
total
13 603
-
8 429
-
Employer
50 332
-
33 650
-
health
387
-
260
-
pensions
8 732
-
5 839
-
accident
51
-
34
-
unemployment
327
-
218
-
total
9 497
-
6 351
-
Corporate
-
40 000
-
-
income
-
8 001
-
-
total
-
8 001
-
-
Dividends

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

-
23 999
-
-
municipal
-
4 321
-
-
national
-
-
-
-
total
-
4 321
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 100
12 322
14 780
7 848
After tax
16 900
27 678
25 220
32 152
Living cost
36 729
36 729
36 729
36 729
Free-cash
-19 829
-9 051
-11 509
-4 577

Estimated living cost  is ₽36729 per week

₽23991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽585
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3783
₽2607
₽10590
₽2243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
6 240
health
-
-
-
1 020
total
-
-
-
7 260
Employee
73 563
73 563
73 563
-
social contributions
2 781
6 105
3 014
-
income
8 010
6 810
7 926
-
health
570
1 251
617
-
total
11 361
14 166
11 557
-
Employer
73 563
73 563
73 563
-
health
619
1 362
672
-
social contributions
2 781
6 105
3 014
-
total
3 400
7 467
3 686
-
Corporate
3 089
-
-
-
income
387
-
-
-
total
387
-
-
-
Dividends
2 702
-
-
-
withholding
459
-
-
-
total
459
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 607
21 633
15 243
7 260
After tax
24 393
18 367
24 757
32 740
Living cost
22 150
22 150
22 150
22 150
Free-cash
2 243
-3 783
2 607
10 590

Estimated living cost  is ₽22150 per week

₽13275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2173
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.
₽6213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17936
₽9677
₽12229
₽13069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40 000
income
-
-
-
3 008
unemployment
-
-
-
27
health
-
-
-
3 462
pensions
-
-
-
6 085
total
-
-
-
12 582
Employee

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

21 959
-
36 264
-
unemployment
109
-
182
-
pensions
3 293
-
5 439
-
income
1 501
-
2 694
-
health
1 866
-
3 083
-
total
6 769
-
11 398
-
Employer

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

21 959
-
36 264
-
health
944
-
1 559
-
pensions
1 207
-
1 995
-
unemployment
109
-
182
-
total
2 260
-
3 736
-
Corporate
15 781
40 000
-
-
income
1 420
3 600
-
-
total
1 420
3 600
-
-
Dividends
14 361
36 400
-
-
withholding
1 293
3 275
-
-
total
1 293
3 275
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 742
6 875
15 134
12 582
After tax
28 258
33 125
24 866
27 418
Living cost
15 189
15 189
15 189
15 189
Free-cash
13 069
17 936
9 677
12 229

Estimated living cost  is ₽15189 per week

₽9691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1095
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3950
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽771
-₽4060
-₽3896
-₽6650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
359
income
-
-
-
5 591
other
-
-
-
40
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 589
Employee
35 374
-
29 815
-
other
34
-
33
-
unemployment
548
-
496
-
pensions
1 663
-
1 501
-
income
6 820
-
5 538
-
total
9 065
-
7 568
-
Employer
35 374
-
29 815
-
pensions
8 348
-
7 540
-
accident
701
-
632
-
unemployment
1 946
-
1 757
-
other
283
-
256
-
total
11 278
-
10 185
-
Corporate
-
40 000
-
-
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.

-
6 000
-
-
total
-
6 000
-
-
Dividends
-
34 000
-
-
withholding
-
6 922
-
-
total
-
6 922
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 343
12 922
17 753
17 589
After tax
19 657
27 078
22 247
22 411
Living cost
26 307
26 307
26 307
26 307
Free-cash
-6 650
771
-4 060
-3 896

Estimated living cost  is ₽26307 per week

₽17757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2529
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.
₽5561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23093
₽22904
₽23036
₽22788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
12 747
health
-
-
-
988
pensions
-
-
-
1 362
total
-
-
-
15 097
Employee
2 844
-
38 468
-
unemployment
28
-
68
-
pensions
256
-
613
-
income
550
-
12 675
-
health
142
-
341
-
total
976
-
13 697
-
Employer
2 844
-
38 468
-
health
270
-
647
-
pensions
313
-
749
-
unemployment
57
-
136
-
total
640
-
1 532
-
Corporate
36 516
40 000
-
-
income
8 033
8 800
-
-
total
8 033
8 800
-
-
Dividends
28 482
31 200
-
-
withholding
5 696
6 240
-
-
total
5 696
6 240
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 345
15 040
15 229
15 097
After tax
24 655
24 960
24 771
24 903
Living cost
1 867
1 867
1 867
1 867
Free-cash
22 788
23 093
22 904
23 036

Estimated living cost  is ₽1867 per week

₽1110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12355
₽5395
₽3672
₽7647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
4 663
unemployment
-
-
-
600
health
-
-
-
4 120
pensions
-
-
-
10 400
total
-
-
-
19 783
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.

24 949
-
33 927
-
unemployment
187
-
254
-
pensions
3 493
-
4 750
-
income
3 439
-
5 237
-
health
1 285
-
1 747
-
total
8 404
-
11 988
-
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.

24 949
-
33 927
-
health
1 285
-
1 747
-
pensions
2 994
-
4 071
-
unemployment
187
-
254
-
total
4 466
-
6 072
-
Corporate
10 585
40 000
-
-
income
1 588
6 000
-
-
total
1 588
6 000
-
-
Dividends
8 997
34 000
-
-
withholding
1 350
5 100
-
-
total
1 350
5 100
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 808
11 100
18 060
19 783
After tax
24 192
28 900
21 940
20 217
Living cost
16 545
16 545
16 545
16 545
Free-cash
7 647
12 355
5 395
3 672

Estimated living cost  is ₽16545 per week

₽11140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3040
-₽3059
-₽2299
-₽5949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
2 609
surtax
-
-
-
-
social contributions

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

-
-
-
13 899
total
-
-
-
16 508
Employee
37 131
-
32 322
-
surtax
-
-
-
-
social contributions
4 085
-
3 555
-
income
7 255
-
6 037
-
total
11 340
-
9 592
-
Employer
37 131
-
32 322
-
social contributions
8 818
-
7 676
-
total
8 818
-
7 676
-
Corporate
-
40 000
-
-
income
-
8 400
-
-
surtax
-
-
-
-
total
-
8 400
-
-
Dividends
-
31 600
-
-
withholding
-
8 849
-
-
total
-
8 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 158
17 249
17 268
16 508
After tax
19 842
22 751
22 732
23 492
Living cost
25 791
25 791
25 791
25 791
Free-cash
-5 949
-3 040
-3 059
-2 299

Estimated living cost  is ₽25791 per week

₽18267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6544
-₽11375
-₽11211
-₽20934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
359
income
-
-
-
5 591
other
-
-
-
40
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 589
Employee
46 203
-
29 815
-
other
45
-
33
-
unemployment
715
-
496
-
pensions
2 171
-
1 501
-
income
9 650
-
5 538
-
total
12 581
-
7 568
-
Employer
46 203
-
29 815
-
pensions
10 904
-
7 540
-
accident
915
-
632
-
unemployment
2 542
-
1 757
-
other
370
-
256
-
total
14 731
-
10 185
-
Corporate
-
40 000
-
-
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.

-
6 000
-
-
total
-
6 000
-
-
Dividends
-
34 000
-
-
withholding
-
6 922
-
-
total
-
6 922
-
-
Income
40 000
40 000
40 000
40 000
Total tax
27 312
12 922
17 753
17 589
After tax
12 688
27 078
22 247
22 411
Living cost
33 622
33 622
33 622
33 622
Free-cash
-20 934
-6 544
-11 375
-11 211

Estimated living cost  is ₽33622 per week

₽24146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2614
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.
₽6389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽17738
₽8792
₽8613
₽11904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
unemployment
-
-
-
134
health
-
-
-
3 844
pensions

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

-
-
-
4 947
total
-
-
-
14 925
Employee
21 799
-
33 442
-
accident

We are using the highest rate at 1.1%.

240
-
368
-
pensions

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

1 914
-
2 935
-
income
2 180
-
3 345
-
health
1 003
-
1 538
-
total
5 337
-
8 186
-
Employer
21 799
-
33 442
-
health
1 504
-
2 307
-
pensions

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

2 402
-
3 684
-
accident

We are using the highest rate at 1.1%.

240
-
368
-
unemployment
131
-
201
-
total
4 277
-
6 560
-
Corporate
13 924
40 000
-
-
income
1 393
4 000
-
-
total
1 393
4 000
-
-
Dividends
12 532
36 000
-
-
withholding
627
1 800
-
-
total
627
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 634
5 800
14 746
14 925
After tax
28 366
34 200
25 254
25 075
Living cost
16 462
16 462
16 462
16 462
Free-cash
11 904
17 738
8 792
8 613

Estimated living cost  is ₽16462 per week

₽10888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽16136
-₽5459
-₽5459
-₽7600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income

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

-
-
-
1 886
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.

-
-
-
103
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.

-
-
-
6 536
trade
-
-
-
-
total
-
-
-
8 525
Employee

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

47 600
-
40 000
-
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.

216
-
103
-
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.

3 914
-
1 886
-
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.

6 536
-
6 536
-
total
10 666
-
8 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 000
-
-
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.

-
330
-
-
chamber of commerce
-
203
-
-
trade
-
5 740
-
-
total
-
12 273
-
-
Dividends
-
27 726
-
-
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.

-
361
-
-
withholding
-
6 568
-
-
total
-
6 929
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 666
19 202
8 525
8 525
After tax
29 334
20 798
31 475
31 475
Living cost
36 934
36 934
36 934
36 934
Free-cash
-7 600
-16 136
-5 459
-5 459

Estimated living cost  is ₽36934 per week

₽25478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽26496
-₽21884
-₽21884
-₽34834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 005
social contributions
-
-
-
2 383
total
-
-
-
7 388
Employee
74 833
-
40 000
-
income
14 121
-
5 005
-
social contributions
6 217
-
2 383
-
total
20 338
-
7 388
-
Employer
74 833
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
5 000
-
-
total
-
5 000
-
-
Dividends
-
35 000
-
-
withholding
-
7 000
-
-
total
-
7 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 338
12 000
7 388
7 388
After tax
19 662
28 000
32 612
32 612
Living cost
54 496
54 496
54 496
54 496
Free-cash
-34 834
-26 496
-21 884
-21 884

Estimated living cost  is ₽54496 per week

₽41460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4441
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12628
-₽5083
-₽27847
-₽11139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
27 232
health

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

-
-
-
5 888
total
-
-
-
33 120
Employee
43 886
-
36 356
-
income
4 762
-
3 068
-
social contributions
4 397
-
3 644
-
total
9 159
-
6 712
-
Employer
43 886
-
36 356
-
social contributions
4 397
-
3 644
-
total
4 397
-
3 644
-
Corporate
-
40 000
-
-
income
-
14 001
-
-
total
-
14 001
-
-
Dividends
-
25 999
-
-
social contributions
2 856
3 900
-
-
total
2 856
3 900
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 412
17 901
10 356
33 120
After tax
23 588
22 099
29 644
6 880
Living cost
34 727
34 727
34 727
34 727
Free-cash
-11 139
-12 628
-5 083
-27 847

Estimated living cost  is ₽34727 per week

₽22875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5317
-₽8471
-₽4899
-₽14254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 597
pensions
-
-
-
2 013
total
-
-
-
9 610
Employee
48 439
-
36 121
-
pensions
3 697
-
2 220
-
income
8 821
-
6 704
-
health
632
-
379
-
total
13 150
-
9 303
-
Employer
48 439
-
36 121
-
health
921
-
686
-
pensions
4 894
-
3 193
-
total
5 815
-
3 879
-
Corporate
-
40 000
-
-
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.

-
7 599
-
-
total
-
7 599
-
-
Dividends
-
32 401
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 965
10 028
13 182
9 610
After tax
21 035
29 972
26 818
30 390
Living cost
35 289
35 289
35 289
35 289
Free-cash
-14 254
-5 317
-8 471
-4 899

Estimated living cost  is ₽35289 per week

₽24208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽441
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽19903
-₽2020
₽4192
-₽3823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
245
income
-
-
-
5 899
other
-
-
-
360
health
-
-
-
2 119
pensions
-
-
-
4 042
total
-
-
-
12 665
Employee
36 405
-
33 228
-
pensions
4 099
-
3 741
-
income
4 994
-
4 559
-
health
4 168
-
3 805
-
total
13 261
-
12 105
-
Employer
36 405
-
33 228
-
pensions
5 919
-
5 403
-
accident
608
-
555
-
unemployment
892
-
814
-
total
7 419
-
6 772
-
Corporate
-
40 000
-
-
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.

-
36 000
-
-
total
-
36 000
-
-
Dividends
-
4 000
-
-
withholding
-
760
-
-
total
-
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 680
36 760
18 877
12 665
After tax
19 320
3 240
21 123
27 335
Living cost
23 143
23 143
23 143
23 143
Free-cash
-3 823
-19 903
-2 020
4 192

Estimated living cost  is ₽23143 per week

₽16984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

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Skopje , Macedonia
₽21094
₽11440
₽11440
₽16448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
4 655
unemployment
-
-
-
480
work injury
-
-
-
200
health insurance
-
-
-
2 960
pensions
-
-
-
7 360
total
-
-
-
15 655
Employee

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

20 649
-
40 000
-
health insurance
1 528
-
2 960
-
unemployment
248
-
480
-
work injury
103
-
200
-
pensions
3 799
-
7 360
-
income
2 065
-
4 655
-
total
7 743
-
15 655
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 351
40 000
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
19 351
40 000
-
-
withholding
2 903
6 000
-
-
total
2 903
6 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 646
6 000
15 655
15 655
After tax
29 354
34 000
24 345
24 345
Living cost
12 905
12 905
12 905
12 905
Free-cash
16 448
21 094
11 440
11 440

Estimated living cost  is ₽12905 per week

₽7995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3570
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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

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Rome , Italy
-₽17042
-₽18396
-₽16138
-₽40616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
538
municipal
-
-
-
267
national
-
-
-
6 933
total
-
-
-
18 026
Employee
80 615
-
40 000
-
municipal
481
-
238
-
national
13 623
-
6 098
-
regional
1 217
-
459
-
social contributions
27 183
-
13 489
-
total
42 504
-
20 284
-
Employer
80 615
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 928
-
-
nationa
-
9 600
-
-
total
-
11 528
-
-
Dividends
-
28 472
-
-
withholding
-
7 403
-
-
total
-
7 403
-
-
Income
40 000
40 000
40 000
40 000
Total tax
42 504
18 931
20 284
18 026
After tax
-2 504
21 069
19 716
21 974
Living cost
38 112
38 112
38 112
38 112
Free-cash
-40 616
-17 042
-18 396
-16 138

Estimated living cost  is ₽38112 per week

₽26771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2622
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.
₽8142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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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