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
₽1914
-₽9217
₽1914
₽1596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 678
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.

-
-
-
1 705
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.

-
-
-
95
trade
-
-
-
-
total
-
-
-
8 478
Employee

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

37 387
-
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.

58
-
95
-
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.

1 044
-
1 705
-
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.

6 678
-
6 678
-
total
7 780
-
8 478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 613
40 000
-
-
chamber of commerce
152
206
-
-
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.

22
330
-
-
trade
412
6 300
-
-
income
391
6 001
-
-
total
977
12 837
-
-
Dividends
1 635
27 164
-
-
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.

2
352
-
-
withholding
37
6 420
-
-
total
39
6 772
-
-
Income
40 000
40 000
40 000
40 000
Total tax
8 796
19 609
8 478
8 478
After tax
31 204
20 391
31 522
31 522
Living cost
29 608
29 608
29 608
29 608
Free-cash
1 596
-9 217
1 914
1 914

Estimated living cost  is ₽29608 per week

₽18624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽25047
-₽26505
-₽25361
-₽47020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 800
national
-
-
-
5 267
municipal
-
-
-
3 399
total
-
-
-
13 896
Employee
79 780
-
34 580
-
municipal
9 854
-
3 554
-
national
15 270
-
5 507
-
pensions
3 191
-
1 383
-
total
28 315
-
10 444
-
Employer
79 780
-
34 580
-
pensions
6 382
-
2 766
-
social contributions
858
-
372
-
total
7 240
-
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
35 555
15 040
13 582
13 896
After tax
4 445
24 960
26 418
26 104
Living cost
51 465
51 465
51 465
51 465
Free-cash
-47 020
-26 505
-25 047
-25 361

Estimated living cost  is ₽51465 per week

₽34980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽770
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽2615
₽11663
₽10586
₽3646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 077
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
6 001
total
-
-
-
9 078
Employee
28 563
-
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.

3 142
-
3 547
-
income
5 085
-
5 737
-
total
8 227
-
9 284
-
Employer
28 563
-
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.

6 880
-
7 765
-
total
6 880
-
7 765
-
Corporate
4 557
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%.

911
8 001
-
-
total
911
8 001
-
-
Dividends

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

3 646
31 999
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 018
8 001
17 049
9 078
After tax
23 982
31 999
22 951
30 922
Living cost
20 336
20 336
20 336
20 336
Free-cash
3 646
11 663
2 615
10 586

Estimated living cost  is ₽20336 per week

₽12974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽57066
-₽51580
-₽17921
-₽57066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 140
income
-
-
-
3 631
pensions
-
-
-
7 201
total
-
-
-
16 972
Employee
83 474
83 474
83 474
-
income

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

13 663
13 663
13 663
-
pensions
15 025
11 453
15 025
-
health
12 812
10 898
12 812
-
total
41 500
36 014
41 500
-
Employer
83 474
83 474
83 474
-
unemployment
3 005
3 005
3 005
-
health
5 802
5 802
5 802
-
pensions
5 810
5 810
5 810
-
total
14 617
14 617
14 617
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
56 117
50 631
56 117
16 972
After tax
-16 117
-10 631
-16 117
23 028
Living cost
40 949
40 949
40 949
40 949
Free-cash
-57 066
-51 580
-57 066
-17 921

Estimated living cost  is ₽40949 per week

₽29019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽651
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19203
-₽18724
-₽20624
-₽35961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 648
health
-
-
-
2 496
accident
-
-
-
80
pensions
-
-
-
4 324
national
-
-
-
-
unemployment
-
-
-
40
municipal
-
-
-
8 472
total
-
-
-
20 060
Employee
57 800
-
30 437
-
municipal
17 236
-
9 076
-
national
-
-
-
-
total
17 236
-
9 076
-
Employer
57 800
-
30 437
-
other
6 716
-
3 537
-
unemployment
1 526
-
803
-
health
3 555
-
1 872
-
accident
116
-
61
-
pensions
6 248
-
3 290
-
total
18 161
-
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
35 397
18 160
18 639
20 060
After tax
4 603
21 840
21 361
19 940
Living cost
40 564
40 564
40 564
40 564
Free-cash
-35 961
-18 724
-19 203
-20 624

Estimated living cost  is ₽40564 per week

₽26884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6878
-₽18216
-₽6878
-₽9571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 678
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.

-
-
-
1 705
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.

-
-
-
95
trade
-
-
-
-
total
-
-
-
8 478
Employee

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

49 571
-
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.

234
-
95
-
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.

4 259
-
1 705
-
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.

6 678
-
6 678
-
total
11 171
-
8 478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
chamber of commerce
-
206
-
-
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
-
-
trade
-
6 580
-
-
income
-
6 001
-
-
total
-
13 117
-
-
Dividends
-
26 883
-
-
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.

-
349
-
-
withholding
-
6 350
-
-
total
-
6 699
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 171
19 816
8 478
8 478
After tax
28 829
20 184
31 522
31 522
Living cost
38 400
38 400
38 400
38 400
Free-cash
-9 571
-18 216
-6 878
-6 878

Estimated living cost  is ₽38400 per week

₽25682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽573
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7146
-₽13808
₽1035
-₽8464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 240
health
-
-
-
1 020
income
-
-
-
-
total
-
-
-
7 260
Employee
75 165
75 165
75 165
-
social contributions
3 652
6 238
3 014
-
income
7 893
6 958
8 123
-
health
748
1 278
618
-
total
12 293
14 474
11 755
-
Employer
75 165
75 165
75 165
-
health
814
1 391
672
-
social contributions
3 652
6 238
3 014
-
total
4 466
7 629
3 686
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 759
22 103
15 441
7 260
After tax
23 241
17 897
24 559
32 740
Living cost
31 705
31 705
31 705
31 705
Free-cash
-8 464
-13 808
-7 146
1 035

Estimated living cost  is ₽31705 per week

₽21674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2476
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.
₽7023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5473
₽5031
₽9994
₽5399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 800
income
-
-
-
4 890
pensions
-
-
-
4 000
unemployment
-
-
-
600
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.

25 574
10 178
33 473
-
income
3 126
1 244
4 092
-
pensions
2 557
1 018
3 347
-
health
1 790
712
2 343
-
unemployment
384
153
502
-
total
7 857
3 127
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.

25 574
10 178
33 473
-
pensions
4 987
1 985
6 527
-
total
4 987
1 985
6 527
-
Corporate
9 439
27 837
-
-
income
850
2 505
-
-
total
850
2 505
-
-
Dividends
8 590
25 332
-
-
social contributions
1 559
4 823
-
-
withholding
1 632
4 813
-
-
total
3 191
9 636
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 885
17 253
16 811
12 290
After tax
23 115
22 747
23 189
27 710
Living cost
17 716
17 716
17 716
17 716
Free-cash
5 399
5 031
5 473
9 994

Estimated living cost  is ₽17716 per week

₽12090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽354
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1439
₽8389
₽45
₽2318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 200
income
-
-
-
3 144
pensions
-
-
-
8 001
total
-
-
-
16 345
Employee
27 730
-
29 894
-
income
3 122
-
3 771
-
pensions
555
-
597
-
unemployment
443
-
479
-
total
4 120
-
4 847
-
Employer
27 730
-
29 894
-
unemployment
223
-
239
-
health
3 604
-
3 886
-
pensions
5 546
-
5 979
-
total
9 373
-
10 104
-
Corporate
2 897
40 000
-
-
income
579
8 001
-
-
total
579
8 001
-
-
Dividends
2 318
31 999
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
14 072
8 001
14 951
16 345
After tax
25 928
31 999
25 049
23 655
Living cost
23 610
23 610
23 610
23 610
Free-cash
2 318
8 389
1 439
45

Estimated living cost  is ₽23610 per week

₽16194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽430
-₽18313
₽5735
-₽814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
health
-
-
-
2 137
accident
-
-
-
247
income
-
-
-
5 889
pensions
-
-
-
4 076
total
-
-
-
12 712
Employee
33 904
-
33 228
-
income
4 651
-
4 558
-
pensions
3 818
-
3 742
-
health
3 882
-
3 805
-
total
12 351
-
12 105
-
Employer
33 904
-
33 228
-
unemployment
831
-
814
-
accident
566
-
555
-
pensions
5 513
-
5 403
-
total
6 910
-
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
19 261
36 760
18 877
12 712
After tax
20 739
3 240
21 123
27 288
Living cost
21 553
21 553
21 553
21 553
Free-cash
-814
-18 313
-430
5 735

Estimated living cost  is ₽21553 per week

₽15796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23980
₽29980
₽31580
₽28476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
10 024
-
40 000
-
income
2 005
-
8 000
-
total
2 005
-
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%.

29 976
40 000
-
-
total
-
-
-
-
Dividends
29 976
40 000
-
-
withholding
1 499
2 000
-
-
total
1 499
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
3 504
2 000
8 000
400
After tax
36 496
38 000
32 000
39 600
Living cost
8 020
8 020
8 020
8 020
Free-cash
28 476
29 980
23 980
31 580

Estimated living cost  is ₽8020 per week

₽4970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2599
₽3344
-₽4387
-₽4435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 900
health
-
-
-
1 760
income
-
-
-
5 081
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
-
-
-
18 341
Employee
35 492
-
31 949
-
income
6 110
-
5 500
-
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.

2 484
-
2 237
-
health
497
-
447
-
unemployment
354
-
319
-
total
9 445
-
8 503
-
Employer
35 492
-
31 949
-
other
1 775
-
1 597
-
unemployment
354
-
319
-
health
497
-
447
-
accident
284
-
256
-
pensions

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

6 034
-
5 431
-
total
8 944
-
8 050
-
Corporate
-
40 000
-
-
income
-
8 399
-
-
total
-
8 399
-
-
Dividends
-
31 601
-
-
withholding
-
2 211
-
-
total
-
2 211
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 389
10 610
16 553
18 341
After tax
21 611
29 390
23 447
21 659
Living cost
26 046
26 046
26 046
26 046
Free-cash
-4 435
3 344
-2 599
-4 387

Estimated living cost  is ₽26046 per week

₽18403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1759
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽419
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽37832
-₽34737
-₽34294
-₽64100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 603
pensions
-
-
-
1 984
total
-
-
-
9 587
Employee
91 551
-
36 150
-
income
16 503
-
6 718
-
health
1 509
-
373
-
pensions
8 832
-
2 184
-
total
26 844
-
9 275
-
Employer
91 551
-
36 150
-
health
1 739
-
686
-
pensions
10 810
-
3 164
-
total
12 549
-
3 850
-
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.

-
7 601
-
-
total
-
7 601
-
-
Dividends
-
32 399
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
39 393
10 030
13 125
9 587
After tax
607
29 970
26 875
30 413
Living cost
64 707
64 707
64 707
64 707
Free-cash
-64 100
-34 737
-37 832
-34 294

Estimated living cost  is ₽64707 per week

₽48486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₽12603
₽21549
₽12350
₽17068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 876
income
-
-
-
6 000
pensions

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

-
-
-
4 988
unemployment
-
-
-
135
total
-
-
-
14 999
Employee
16 752
-
33 440
-
income
1 675
-
3 344
-
accident

We are using the highest rate at 1.1%.

184
-
368
-
pensions

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

1 471
-
2 936
-
health
771
-
1 538
-
total
4 101
-
8 186
-
Employer
16 752
-
33 440
-
unemployment
100
-
200
-
health
1 156
-
2 307
-
accident

We are using the highest rate at 1.1%.

184
-
368
-
pensions

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

1 846
-
3 685
-
total
3 286
-
6 560
-
Corporate
19 961
40 000
-
-
income
1 996
4 000
-
-
total
1 996
4 000
-
-
Dividends
17 965
36 000
-
-
withholding
898
1 800
-
-
total
898
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 281
5 800
14 746
14 999
After tax
29 719
34 200
25 254
25 001
Living cost
12 651
12 651
12 651
12 651
Free-cash
17 068
21 549
12 603
12 350

Estimated living cost  is ₽12651 per week

₽7386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽70321
-₽64835
-₽31176
-₽66494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 140
income
-
-
-
3 631
pensions
-
-
-
7 201
total
-
-
-
16 972
Employee
90 626
83 474
83 474
-
income

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

13 663
13 663
13 663
-
pensions
11 453
11 453
15 025
-
health
11 306
10 898
12 812
-
total
36 422
36 014
41 500
-
Employer
90 626
83 474
83 474
-
unemployment
3 263
3 005
3 005
-
health
6 298
5 802
5 802
-
pensions
6 307
5 810
5 810
-
total
15 868
14 617
14 617
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
52 290
50 631
56 117
16 972
After tax
-12 290
-10 631
-16 117
23 028
Living cost
54 204
54 204
54 204
54 204
Free-cash
-66 494
-64 835
-70 321
-31 176

Estimated living cost  is ₽54204 per week

₽39984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3725
₽3517
-₽4541
-₽7339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 680
health
-
-
-
5 400
income
-
-
-
3 438
solidarity contribution
-
-
-
-
total
-
-
-
20 518
Employee
35 329
-
29 851
-
social contributions
2 296
-
1 940
-
solidarity contribution
-
-
-
-
income
4 239
-
3 582
-
health
4 769
-
4 030
-
total
11 304
-
9 552
-
Employer
35 329
-
29 851
-
health
3 180
-
2 687
-
social contributions
8 832
-
7 463
-
total
12 012
-
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
23 316
12 460
19 702
20 518
After tax
16 684
27 540
20 298
19 482
Living cost
24 023
24 023
24 023
24 023
Free-cash
-7 339
3 517
-3 725
-4 541

Estimated living cost  is ₽24023 per week

₽16687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽21369
-₽19905
-₽19054
-₽46874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 910
regional
-
-
-
372
municipal
-
-
-
237
total
-
-
-
17 807
Employee
86 874
-
40 000
-
social contributions
29 294
-
13 488
-
municipal
460
-
211
-
national
15 053
-
6 097
-
regional
820
-
326
-
total
45 627
-
20 122
-
Employer
86 874
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
nationa
-
9 600
-
-
municipal
-
1 560
-
-
total
-
11 160
-
-
Dividends
-
28 840
-
-
withholding
-
7 498
-
-
total
-
7 498
-
-
Income
40 000
40 000
40 000
40 000
Total tax
45 627
18 658
20 122
17 807
After tax
-5 627
21 342
19 878
22 193
Living cost
41 247
41 247
41 247
41 247
Free-cash
-46 874
-19 905
-21 369
-19 054

Estimated living cost  is ₽41247 per week

₽28752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽633
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽470
₽3590
₽1431
₽550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
2 840
income
-
-
-
5 788
pensions
-
-
-
8 001
surtax
-
-
-
147
unemployment
-
-
-
223
total
-
-
-
16 999
Employee
32 325
-
33 042
-
surtax
106
-
119
-
income
5 418
-
5 539
-
other
-
-
-
-
pensions
2 155
-
2 204
-
health
825
-
842
-
unemployment
2 250
-
2 300
-
total
10 754
-
11 004
-
Employer
32 325
-
33 042
-
other
-
-
-
-
unemployment
1 024
-
1 048
-
health
1 471
-
1 504
-
pensions
4 309
-
4 404
-
total
6 804
-
6 956
-
Corporate
871
40 000
-
-
income
226
10 401
-
-
total
226
10 401
-
-
Dividends
644
29 599
-
-
withholding
96
4 439
-
-
total
96
4 439
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 880
14 840
17 960
16 999
After tax
22 120
25 160
22 040
23 001
Living cost
21 570
21 570
21 570
21 570
Free-cash
550
3 590
470
1 431

Estimated living cost  is ₽21570 per week

₽13189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1990
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.
₽5893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17331
-₽14236
-₽13793
-₽29163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 603
pensions
-
-
-
1 984
total
-
-
-
9 587
Employee
61 355
-
36 150
-
income
11 050
-
6 718
-
health
891
-
373
-
pensions
5 208
-
2 184
-
total
17 149
-
9 275
-
Employer
61 355
-
36 150
-
health
1 166
-
686
-
pensions
6 642
-
3 164
-
total
7 808
-
3 850
-
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.

-
7 601
-
-
total
-
7 601
-
-
Dividends
-
32 399
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 957
10 030
13 125
9 587
After tax
15 043
29 970
26 875
30 413
Living cost
44 206
44 206
44 206
44 206
Free-cash
-29 163
-14 236
-17 331
-13 793

Estimated living cost  is ₽44206 per week

₽33119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽47641
-₽60690
-₽44764
-₽61234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
799
health
-
-
-
258
pensions
-
-
-
3 680
city
-
-
-
420
national
-
-
-
45
regional
-
-
-
580
total
-
-
-
5 782
Employee
92 429
-
35 340
-
national
437
-
14
-
city
992
-
373
-
pensions
7 765
-
3 485
-
health
209
-
79
-
regional
3 027
-
438
-
unemployment
-
-
-
-
total
12 430
-
4 389
-
Employer
92 429
-
35 340
-
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.

1 848
-
706
-
unemployment
-
-
-
-
health
209
-
79
-
pensions
7 765
-
3 485
-
total
9 822
-
4 270
-
Corporate
-
40 000
-
-
regional
-
8 459
-
-
national
-
3 400
-
-
total
-
11 859
-
-
Dividends
-
28 141
-
-
withholding
-
9 849
-
-
total
-
9 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 252
21 708
8 659
5 782
After tax
17 748
18 292
31 341
34 218
Living cost
78 982
78 982
78 982
78 982
Free-cash
-61 234
-60 690
-47 641
-44 764

Estimated living cost  is ₽78982 per week

₽51361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽970
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽13258
-₽24799
-₽13258
-₽18746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 678
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.

-
-
-
1 705
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.

-
-
-
95
trade
-
-
-
-
total
-
-
-
8 478
Employee

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

58 746
-
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.

380
-
95
-
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.

6 908
-
1 705
-
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.

6 678
-
6 678
-
total
13 966
-
8 478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
chamber of commerce
-
204
-
-
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
-
-
trade
-
6 860
-
-
income
-
6 001
-
-
total
-
13 395
-
-
Dividends
-
26 605
-
-
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.

-
345
-
-
withholding
-
6 279
-
-
total
-
6 624
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 966
20 019
8 478
8 478
After tax
26 034
19 981
31 522
31 522
Living cost
44 780
44 780
44 780
44 780
Free-cash
-18 746
-24 799
-13 258
-13 258

Estimated living cost  is ₽44780 per week

₽32705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽582
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8373
-₽13282
-₽9107
-₽14900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 239
social contributions
-
-
-
1 139
health
-
-
-
347
income
-
-
-
985
pensions
-
-
-
11 954
surtax
-
-
-
-
total
-
-
-
15 664
Employee
41 835
-
30 480
-
surtax
-
-
-
-
social contributions
1 193
-
868
-
income
2 469
-
1 096
-
pensions
4 730
-
3 448
-
total
8 392
-
5 412
-
Employer
41 835
-
30 480
-
other
1 443
-
1 052
-
unemployment
1 694
-
1 234
-
health
2 929
-
2 133
-
pensions
6 873
-
5 008
-
social contributions
126
-
91
-
total
13 065
-
9 518
-
Corporate
-
40 000
-
-
surtax
-
-
-
-
income
-
11 200
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
social contributions
-
4 953
-
-
surtax
-
-
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
21 457
19 839
14 930
15 664
After tax
18 543
20 161
25 070
24 336
Living cost
33 443
33 443
33 443
33 443
Free-cash
-14 900
-13 282
-8 373
-9 107

Estimated living cost  is ₽33443 per week

₽21087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5060
-₽9969
-₽5794
-₽9006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 239
social contributions
-
-
-
1 139
health
-
-
-
347
income
-
-
-
985
pensions
-
-
-
11 954
surtax
-
-
-
-
total
-
-
-
15 664
Employee
37 344
-
30 480
-
surtax
-
-
-
-
social contributions
1 065
-
868
-
income
1 925
-
1 096
-
pensions
4 224
-
3 448
-
total
7 214
-
5 412
-
Employer
37 344
-
30 480
-
other
1 289
-
1 052
-
unemployment
1 512
-
1 234
-
health
2 614
-
2 133
-
pensions
6 136
-
5 008
-
social contributions
111
-
91
-
total
11 662
-
9 518
-
Corporate
-
40 000
-
-
surtax
-
-
-
-
income
-
11 200
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
social contributions
-
4 953
-
-
surtax
-
-
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 876
19 839
14 930
15 664
After tax
21 124
20 161
25 070
24 336
Living cost
30 130
30 130
30 130
30 130
Free-cash
-9 006
-9 969
-5 060
-5 794

Estimated living cost  is ₽30130 per week

₽17474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽571
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽3854
₽3675
₽4960
₽2968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 520
health
-
-
-
2 792
income
-
-
-
6 001
total
-
-
-
14 313
Employee
33 143
-
40 000
-
social contributions
4 574
-
5 520
-
income
5 528
-
7 106
-
health
2 313
-
2 792
-
total
12 415
-
15 418
-
Employer
33 143
-
40 000
-
total
-
-
-
-
Corporate
6 857
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%.

343
2 000
-
-
total
343
2 000
-
-
Dividends
6 514
38 000
-
-
social contributions
1 705
5 244
-
-
withholding
978
5 700
-
-
health
863
2 653
-
-
total
3 546
13 597
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 304
15 597
15 418
14 313
After tax
23 696
24 403
24 582
25 687
Living cost
20 728
20 728
20 728
20 728
Free-cash
2 968
3 675
3 854
4 960

Estimated living cost  is ₽20728 per week

₽13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽19471
-₽16703
-₽12037
-₽24027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 061
income
-
-
-
785
chamber of commerce
-
-
-
160
pensions
-
-
-
7 400
surtax
-
-
-
193
unemployment
-
-
-
5 995
total
-
-
-
17 594
Employee
48 851
38 955
38 955
-
income
5 561
2 873
3 265
-
other
488
390
304
-
pensions
5 003
3 988
3 116
-
health
1 890
1 508
1 178
-
unemployment
1 465
1 169
913
-
total
14 407
9 928
8 776
-
Employer
48 851
38 955
38 955
-
other
2 321
1 849
1 777
-
unemployment
1 465
1 169
913
-
health
1 846
1 473
1 150
-
surtax
193
193
193
-
accident
634
506
395
-
pensions
6 131
4 890
3 819
-
payroll
1 465
1 169
1 169
-
chamber of commerce
195
156
156
-
total
14 250
11 405
9 572
-
Corporate
3 710
3 710
26 718
-
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.

927
927
6 680
-
total
927
927
6 680
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
29 584
22 260
25 028
17 594
After tax
10 416
17 740
14 972
22 406
Living cost
34 443
34 443
34 443
34 443
Free-cash
-24 027
-16 703
-19 471
-12 037

Estimated living cost  is ₽34443 per week

₽22972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽566
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17410
-₽12997
-₽12040
-₽50274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 122
communal

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

-
-
-
2 213
national
-
-
-
11 064
total
-
-
-
16 399
Employee

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

69 921
-
30 981
-
national
21 496
-
7 085
-
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.

5 244
-
2 324
-
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.

3 285
-
1 456
-
communal

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

3 647
-
1 616
-
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.

608
-
269
-
total
34 280
-
12 750
-
Employer

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

69 921
-
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.

1 020
-
453
-
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.

4 300
-
1 905
-
surtax
7 928
-
3 513
-
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.

909
-
403
-
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.

6 196
-
2 745
-
total
20 353
-
9 019
-
Corporate
-
40 000
-
-
surtax
-
160
-
-
income
-
8 001
-
-
total
-
8 161
-
-
Dividends
-
31 840
-
-
withholding

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

-
9 195
-
-
total
-
9 195
-
-
Income
40 000
40 000
40 000
40 000
Total tax
54 633
17 356
21 769
16 399
After tax
-14 633
22 644
18 231
23 601
Living cost
35 641
35 641
35 641
35 641
Free-cash
-50 274
-12 997
-17 410
-12 040

Estimated living cost  is ₽35641 per week

₽22957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽558
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽13233
-₽8219
-₽12867
-₽24167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
41
accident
-
-
-
360
income
-
-
-
5 566
pensions
-
-
-
11 319
unemployment
-
-
-
280
total
-
-
-
17 566
Employee
48 657
-
29 594
-
income
10 266
-
5 451
-
other
48
-
33
-
pensions
2 287
-
1 534
-
unemployment
755
-
506
-
total
13 356
-
7 524
-
Employer
48 657
-
29 594
-
other
388
-
262
-
unemployment
2 677
-
1 796
-
accident
963
-
646
-
pensions
11 482
-
7 704
-
total
15 510
-
10 408
-
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.

-
6 001
-
-
total
-
6 001
-
-
Dividends
-
33 999
-
-
withholding
-
6 917
-
-
total
-
6 917
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 866
12 918
17 932
17 566
After tax
11 134
27 082
22 068
22 434
Living cost
35 301
35 301
35 301
35 301
Free-cash
-24 167
-8 219
-13 233
-12 867

Estimated living cost  is ₽35301 per week

₽25996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽27148
-₽27955
-₽27146
-₽42868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 487
accident
-
-
-
419
income
-
-
-
672
pensions
-
-
-
7 442
communal
-
-
-
-
surtax
-
-
-
2 005
total
-
-
-
14 025
Employee
74 025
-
34 441
-
surtax
4 537
-
2 005
-
income
7 150
-
672
-
pensions
5 921
-
3 721
-
health
3 294
-
2 070
-
total
20 902
-
8 468
-
Employer
74 025
-
34 441
-
health
2 258
-
1 419
-
accident
666
-
419
-
pensions
5 921
-
3 721
-
total
8 845
-
5 559
-
Corporate
-
40 000
-
-
surtax
-
419
-
-
income
-
6 001
-
-
communal
-
2 701
-
-
total
-
9 121
-
-
Dividends
-
30 879
-
-
income
-
1 081
-
-
withholding
-
4 632
-
-
total
-
5 713
-
-
Income
40 000
40 000
40 000
40 000
Total tax
29 747
14 834
14 027
14 025
After tax
10 253
25 166
25 973
25 975
Living cost
53 121
53 121
53 121
53 121
Free-cash
-42 868
-27 955
-27 148
-27 146

Estimated living cost  is ₽53121 per week

₽39849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽562
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽84
₽3204
₽1045
₽95
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
2 840
income
-
-
-
5 788
pensions
-
-
-
8 001
surtax
-
-
-
147
unemployment
-
-
-
223
total
-
-
-
16 999
Employee
32 919
-
33 042
-
surtax
117
-
119
-
income
5 519
-
5 539
-
other
-
-
-
-
pensions
2 196
-
2 204
-
health
840
-
842
-
unemployment
2 291
-
2 300
-
total
10 963
-
11 004
-
Employer
32 919
-
33 042
-
other
-
-
-
-
unemployment
1 044
-
1 048
-
health
1 497
-
1 504
-
pensions
4 389
-
4 404
-
total
6 930
-
6 956
-
Corporate
151
40 000
-
-
income
39
10 401
-
-
total
39
10 401
-
-
Dividends
112
29 599
-
-
withholding
17
4 439
-
-
total
17
4 439
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 949
14 840
17 960
16 999
After tax
22 051
25 160
22 040
23 001
Living cost
21 956
21 956
21 956
21 956
Free-cash
95
3 204
84
1 045

Estimated living cost  is ₽21956 per week

₽13256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6666
-₽5308
-₽4371
-₽14225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 910
regional
-
-
-
604
municipal
-
-
-
237
total
-
-
-
18 039
Employee
54 223
-
40 000
-
social contributions
18 285
-
13 488
-
municipal
288
-
211
-
national
8 590
-
6 097
-
regional
730
-
538
-
total
27 893
-
20 334
-
Employer
54 223
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
nationa
-
9 600
-
-
municipal
-
1 989
-
-
total
-
11 589
-
-
Dividends
-
28 412
-
-
withholding
-
7 387
-
-
total
-
7 387
-
-
Income
40 000
40 000
40 000
40 000
Total tax
27 893
18 976
20 334
18 039
After tax
12 107
21 024
19 666
21 961
Living cost
26 332
26 332
26 332
26 332
Free-cash
-14 225
-5 308
-6 666
-4 371

Estimated living cost  is ₽26332 per week

₽16376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽451
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9305
-₽2063
-₽10121
-₽18336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 680
health
-
-
-
5 400
income
-
-
-
3 438
solidarity contribution
-
-
-
-
total
-
-
-
20 518
Employee
43 534
-
29 851
-
social contributions
2 830
-
1 940
-
solidarity contribution
-
-
-
-
income
5 224
-
3 582
-
health
5 877
-
4 030
-
total
13 931
-
9 552
-
Employer
43 534
-
29 851
-
health
3 918
-
2 687
-
social contributions
10 884
-
7 463
-
total
14 802
-
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
28 733
12 460
19 702
20 518
After tax
11 267
27 540
20 298
19 482
Living cost
29 603
29 603
29 603
29 603
Free-cash
-18 336
-2 063
-9 305
-10 121

Estimated living cost  is ₽29603 per week

₽22015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽16113
-₽13253
-₽8587
-₽15955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 061
income
-
-
-
785
chamber of commerce
-
-
-
160
pensions
-
-
-
7 400
surtax
-
-
-
-
unemployment
-
-
-
5 995
total
-
-
-
17 401
Employee
42 729
38 955
38 955
-
income
3 806
2 873
3 255
-
other
427
390
306
-
pensions
4 376
3 988
3 133
-
health
1 653
1 508
1 183
-
unemployment
1 282
1 169
918
-
total
11 544
9 928
8 795
-
Employer
42 729
38 955
38 955
-
other
2 029
1 849
1 779
-
unemployment
1 282
1 169
918
-
health
1 616
1 473
1 156
-
surtax
-
-
-
-
accident
555
506
397
-
pensions
5 363
4 890
3 838
-
payroll
1 282
1 169
1 169
-
chamber of commerce
171
156
156
-
total
12 298
11 212
9 413
-
Corporate
3 710
3 710
26 878
-
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.

927
927
6 719
-
total
927
927
6 719
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 769
22 067
24 927
17 401
After tax
15 231
17 933
15 073
22 599
Living cost
31 186
31 186
31 186
31 186
Free-cash
-15 955
-13 253
-16 113
-8 587

Estimated living cost  is ₽31186 per week

₽18707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽19503
₽25503
₽27103
₽23159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 622
-
40 000
-
income
3 125
-
8 000
-
total
3 125
-
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%.

24 378
40 000
-
-
total
-
-
-
-
Dividends
24 378
40 000
-
-
withholding
1 219
2 000
-
-
total
1 219
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
4 344
2 000
8 000
400
After tax
35 656
38 000
32 000
39 600
Living cost
12 497
12 497
12 497
12 497
Free-cash
23 159
25 503
19 503
27 103

Estimated living cost  is ₽12497 per week

₽8457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽419
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3096
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽4902
₽1321
-₽3632
-₽9956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 936
income
-
-
-
6 113
pensions
-
-
-
7 305
unemployment
-
-
-
59
total
-
-
-
17 413
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.

43 225
-
34 611
-
income
7 454
-
5 644
-
pensions
6 700
-
5 365
-
health
2 792
-
2 237
-
unemployment
61
-
48
-
total
17 007
-
13 294
-
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.

43 225
-
34 611
-
unemployment
26
-
20
-
health
2 879
-
2 306
-
pensions
3 825
-
3 063
-
total
6 730
-
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
23 737
12 460
18 683
17 413
After tax
16 263
27 540
21 317
22 587
Living cost
26 219
26 219
26 219
26 219
Free-cash
-9 956
1 321
-4 902
-3 632

Estimated living cost  is ₽26219 per week

₽17993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽18490
-₽20320
-₽17013
-₽114312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 560
income
-
-
-
7 797
total
-
-
-
12 357
Employee
64 030
-
1 742
-
social contributions
5 250
-
748
-
income
14 124
-
219
-
total
19 374
-
967
-
Employer
64 030
-
1 742
-
social contributions
90 282
-
12 867
-
total
90 282
-
12 867
-
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
109 656
15 664
13 834
12 357
After tax
-69 656
24 336
26 166
27 643
Living cost
44 656
44 656
44 656
44 656
Free-cash
-114 312
-20 320
-18 490
-17 013

Estimated living cost  is ₽44656 per week

₽28974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4200
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽7881
-₽7908
-₽7144
-₽15634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
13 899
income
-
-
-
2 584
surtax
-
-
-
-
total
-
-
-
16 483
Employee
44 957
-
32 322
-
surtax
-
-
-
-
social contributions
4 945
-
3 556
-
income
9 351
-
5 988
-
total
14 296
-
9 544
-
Employer
44 957
-
32 322
-
social contributions
10 677
-
7 676
-
total
10 677
-
7 676
-
Corporate
-
40 000
-
-
surtax
-
-
-
-
income
-
8 399
-
-
total
-
8 399
-
-
Dividends
-
31 601
-
-
withholding
-
8 848
-
-
total
-
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 973
17 247
17 220
16 483
After tax
15 027
22 753
22 780
23 517
Living cost
30 661
30 661
30 661
30 661
Free-cash
-15 634
-7 908
-7 881
-7 144

Estimated living cost  is ₽30661 per week

₽22941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽22142
-₽27051
-₽22876
-₽40345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 239
social contributions
-
-
-
1 139
health
-
-
-
347
income
-
-
-
985
pensions
-
-
-
11 954
surtax
-
-
-
-
total
-
-
-
15 664
Employee
61 222
-
30 480
-
surtax
-
-
-
-
social contributions
1 744
-
868
-
income
5 342
-
1 096
-
pensions
6 925
-
3 448
-
total
14 011
-
5 412
-
Employer
61 222
-
30 480
-
other
2 113
-
1 052
-
unemployment
2 480
-
1 234
-
health
4 285
-
2 133
-
pensions
10 060
-
5 008
-
social contributions
184
-
91
-
total
19 122
-
9 518
-
Corporate
-
40 000
-
-
surtax
-
-
-
-
income
-
11 200
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
social contributions
-
4 953
-
-
surtax
-
-
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
33 133
19 839
14 930
15 664
After tax
6 867
20 161
25 070
24 336
Living cost
47 212
47 212
47 212
47 212
Free-cash
-40 345
-27 051
-22 142
-22 876

Estimated living cost  is ₽47212 per week

₽31952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽647
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽2999
₽6618
₽1817
₽3333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 425
-
34 632
-
income
-
-
-
-
social contributions
2 042
-
2 250
-
total
2 042
-
2 250
-
Employer
31 425
-
34 632
-
social contributions
4 871
-
5 368
-
total
4 871
-
5 368
-
Corporate
3 703
40 000
-
-
income
371
3 999
-
-
total
371
3 999
-
-
Dividends
3 332
36 001
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
7 284
3 999
7 618
8 800
After tax
32 716
36 001
32 382
31 200
Living cost
29 383
29 383
29 383
29 383
Free-cash
3 333
6 618
2 999
1 817

Estimated living cost  is ₽29383 per week

₽18999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2215
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽171753
-₽171753
-₽19823
-₽171753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 133
pensions
-
-
-
842
national
-
-
-
3 370
municipal
-
-
-
5 672
total
-
-
-
13 017
Employee
197 557
197 557
197 557
-
labour market
15 782
15 782
15 782
-
municipal
42 069
42 069
42 069
-
national
24 135
24 135
24 135
-
pensions
281
281
281
-
total
82 267
82 267
82 267
-
Employer
197 557
197 557
197 557
-
national
24 177
24 177
24 177
-
labour market
15 805
15 805
15 805
-
pensions
562
562
562
-
municipal
42 136
42 136
42 136
-
total
82 680
82 680
82 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
164 947
164 947
164 947
13 017
After tax
-124 947
-124 947
-124 947
26 983
Living cost
46 806
46 806
46 806
46 806
Free-cash
-171 753
-171 753
-171 753
-19 823

Estimated living cost  is ₽46806 per week

₽32035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽720
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽112
-₽17995
₽6053
-₽213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
health
-
-
-
2 137
accident
-
-
-
247
income
-
-
-
5 889
pensions
-
-
-
4 076
total
-
-
-
12 712
Employee
33 404
-
33 228
-
income
4 583
-
4 558
-
pensions
3 762
-
3 742
-
health
3 825
-
3 805
-
total
12 170
-
12 105
-
Employer
33 404
-
33 228
-
unemployment
819
-
814
-
accident
558
-
555
-
pensions
5 431
-
5 403
-
total
6 808
-
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
18 978
36 760
18 877
12 712
After tax
21 022
3 240
21 123
27 288
Living cost
21 235
21 235
21 235
21 235
Free-cash
-213
-17 995
-112
6 053

Estimated living cost  is ₽21235 per week

₽15457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12300
-₽9850
-₽5328
-₽21132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
208
national
-
-
-
429
municipal
-
-
-
7 162
total
-
-
-
7 799
Employee
51 428
-
33 650
-
municipal
8 423
-
5 537
-
national
850
-
-
-
pensions
3 471
-
2 270
-
health
384
-
109
-
unemployment
772
-
505
-
total
13 900
-
8 421
-
Employer
51 428
-
33 650
-
unemployment
334
-
219
-
health
395
-
260
-
accident
52
-
33
-
pensions
8 922
-
5 838
-
total
9 703
-
6 350
-
Corporate
-
40 000
-
-
income
-
8 001
-
-
total
-
8 001
-
-
Dividends

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

-
24 000
-
-
national
-
-
-
-
municipal
-
4 320
-
-
total
-
4 320
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 603
12 321
14 771
7 799
After tax
16 397
27 679
25 229
32 201
Living cost
37 529
37 529
37 529
37 529
Free-cash
-21 132
-9 850
-12 300
-5 328

Estimated living cost  is ₽37529 per week

₽24514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽597
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1927
-₽4735
₽10108
₽1660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 240
health
-
-
-
1 020
income
-
-
-
-
total
-
-
-
7 260
Employee
75 165
75 165
75 165
-
social contributions
2 842
6 238
3 014
-
income
8 184
6 958
8 123
-
health
582
1 278
618
-
total
11 608
14 474
11 755
-
Employer
75 165
75 165
75 165
-
health
633
1 391
672
-
social contributions
2 842
6 238
3 014
-
total
3 475
7 629
3 686
-
Corporate
2 285
-
-
-
income
286
-
-
-
total
286
-
-
-
Dividends
2 000
-
-
-
withholding
339
-
-
-
total
339
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 708
22 103
15 441
7 260
After tax
24 292
17 897
24 559
32 740
Living cost
22 632
22 632
22 632
22 632
Free-cash
1 660
-4 735
1 927
10 108

Estimated living cost  is ₽22632 per week

₽13564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2220
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.
₽6348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9354
₽17603
₽11718
₽12632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 537
income
-
-
-
2 979
pensions
-
-
-
6 218
unemployment
-
-
-
28
total
-
-
-
12 762
Employee

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

22 437
-
36 264
-
income
1 534
-
2 686
-
pensions
3 365
-
5 439
-
health
1 907
-
3 083
-
unemployment
111
-
182
-
total
6 917
-
11 390
-
Employer

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

22 437
-
36 264
-
unemployment
111
-
182
-
health
965
-
1 560
-
pensions
1 234
-
1 994
-
total
2 310
-
3 736
-
Corporate
15 254
40 000
-
-
income
1 373
3 601
-
-
total
1 373
3 601
-
-
Dividends
13 881
36 399
-
-
withholding
1 248
3 276
-
-
total
1 248
3 276
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 848
6 877
15 126
12 762
After tax
28 152
33 123
24 874
27 238
Living cost
15 520
15 520
15 520
15 520
Free-cash
12 632
17 603
9 354
11 718

Estimated living cost  is ₽15520 per week

₽9902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽462
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽4812
₽202
-₽4446
-₽7665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
41
accident
-
-
-
360
income
-
-
-
5 566
pensions
-
-
-
11 319
unemployment
-
-
-
280
total
-
-
-
17 566
Employee
36 144
-
29 594
-
income
6 968
-
5 451
-
other
35
-
33
-
pensions
1 699
-
1 534
-
unemployment
560
-
506
-
total
9 262
-
7 524
-
Employer
36 144
-
29 594
-
other
289
-
262
-
unemployment
1 989
-
1 796
-
accident
716
-
646
-
pensions
8 529
-
7 704
-
total
11 523
-
10 408
-
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.

-
6 001
-
-
total
-
6 001
-
-
Dividends
-
33 999
-
-
withholding
-
6 917
-
-
total
-
6 917
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 785
12 918
17 932
17 566
After tax
19 215
27 082
22 068
22 434
Living cost
26 880
26 880
26 880
26 880
Free-cash
-7 665
202
-4 812
-4 446

Estimated living cost  is ₽26880 per week

₽18144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽471
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽22998
₽23149
₽23125
₽22851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
958
income
-
-
-
12 785
pensions
-
-
-
1 321
total
-
-
-
15 064
Employee
2 758
-
38 514
-
income
534
-
12 715
-
pensions
248
-
594
-
health
138
-
330
-
unemployment
28
-
66
-
total
948
-
13 705
-
Employer
2 758
-
38 514
-
unemployment
55
-
132
-
health
262
-
627
-
pensions
303
-
727
-
total
620
-
1 486
-
Corporate
36 621
40 000
-
-
income
8 057
8 800
-
-
total
8 057
8 800
-
-
Dividends
28 564
31 200
-
-
withholding
5 713
6 240
-
-
total
5 713
6 240
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 338
15 040
15 191
15 064
After tax
24 662
24 960
24 809
24 936
Living cost
1 811
1 811
1 811
1 811
Free-cash
22 851
23 149
22 998
23 125

Estimated living cost  is ₽1811 per week

₽1076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽41
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5104
₽12034
₽3381
₽7235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 120
income
-
-
-
4 633
pensions
-
-
-
10 400
unemployment
-
-
-
600
total
-
-
-
19 753
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.

25 432
-
33 927
-
income
3 506
-
5 207
-
pensions
3 560
-
4 750
-
health
1 310
-
1 747
-
unemployment
191
-
254
-
total
8 567
-
11 958
-
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.

25 432
-
33 927
-
unemployment
191
-
254
-
health
1 310
-
1 747
-
pensions
3 052
-
4 071
-
total
4 553
-
6 072
-
Corporate
10 015
40 000
-
-
income
1 502
6 000
-
-
total
1 502
6 000
-
-
Dividends
8 513
34 000
-
-
withholding
1 277
5 100
-
-
total
1 277
5 100
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 899
11 100
18 030
19 753
After tax
24 101
28 900
21 970
20 247
Living cost
16 866
16 866
16 866
16 866
Free-cash
7 235
12 034
5 104
3 381

Estimated living cost  is ₽16866 per week

₽11356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽3573
-₽3600
-₽2836
-₽6950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
13 899
income
-
-
-
2 584
surtax
-
-
-
-
total
-
-
-
16 483
Employee
37 939
-
32 322
-
surtax
-
-
-
-
social contributions
4 174
-
3 556
-
income
7 413
-
5 988
-
total
11 587
-
9 544
-
Employer
37 939
-
32 322
-
social contributions
9 010
-
7 676
-
total
9 010
-
7 676
-
Corporate
-
40 000
-
-
surtax
-
-
-
-
income
-
8 399
-
-
total
-
8 399
-
-
Dividends
-
31 601
-
-
withholding
-
8 848
-
-
total
-
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 597
17 247
17 220
16 483
After tax
19 403
22 753
22 780
23 517
Living cost
26 353
26 353
26 353
26 353
Free-cash
-6 950
-3 600
-3 573
-2 836

Estimated living cost  is ₽26353 per week

₽18665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1831
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.
₽5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽12286
-₽7272
-₽11920
-₽22261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
41
accident
-
-
-
360
income
-
-
-
5 566
pensions
-
-
-
11 319
unemployment
-
-
-
280
total
-
-
-
17 566
Employee
47 209
-
29 594
-
income
9 860
-
5 451
-
other
46
-
33
-
pensions
2 219
-
1 534
-
unemployment
731
-
506
-
total
12 856
-
7 524
-
Employer
47 209
-
29 594
-
other
378
-
262
-
unemployment
2 597
-
1 796
-
accident
935
-
646
-
pensions
11 141
-
7 704
-
total
15 051
-
10 408
-
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.

-
6 001
-
-
total
-
6 001
-
-
Dividends
-
33 999
-
-
withholding
-
6 917
-
-
total
-
6 917
-
-
Income
40 000
40 000
40 000
40 000
Total tax
27 907
12 918
17 932
17 566
After tax
12 093
27 082
22 068
22 434
Living cost
34 354
34 354
34 354
34 354
Free-cash
-22 261
-7 272
-12 286
-11 920

Estimated living cost  is ₽34354 per week

₽24671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽8655
₽17601
₽8402
₽11719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 876
income
-
-
-
6 000
pensions

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

-
-
-
4 988
unemployment
-
-
-
135
total
-
-
-
14 999
Employee
21 979
-
33 440
-
income
2 198
-
3 344
-
accident

We are using the highest rate at 1.1%.

242
-
368
-
pensions

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

1 930
-
2 936
-
health
1 011
-
1 538
-
total
5 381
-
8 186
-
Employer
21 979
-
33 440
-
unemployment
132
-
200
-
health
1 517
-
2 307
-
accident

We are using the highest rate at 1.1%.

242
-
368
-
pensions

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

2 422
-
3 685
-
total
4 313
-
6 560
-
Corporate
13 709
40 000
-
-
income
1 371
4 000
-
-
total
1 371
4 000
-
-
Dividends
12 338
36 000
-
-
withholding
617
1 800
-
-
total
617
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 682
5 800
14 746
14 999
After tax
28 318
34 200
25 254
25 001
Living cost
16 599
16 599
16 599
16 599
Free-cash
11 719
17 601
8 655
8 402

Estimated living cost  is ₽16599 per week

₽10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6216
-₽16935
-₽6216
-₽8636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
6 678
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.

-
-
-
1 705
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.

-
-
-
95
trade
-
-
-
-
total
-
-
-
8 478
Employee

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

48 636
-
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.

221
-
95
-
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.

3 999
-
1 705
-
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.

6 678
-
6 678
-
total
10 898
-
8 478
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
chamber of commerce
-
208
-
-
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
-
-
trade
-
5 739
-
-
income
-
6 001
-
-
total
-
12 278
-
-
Dividends
-
27 722
-
-
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.

-
360
-
-
withholding
-
6 559
-
-
total
-
6 919
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 898
19 197
8 478
8 478
After tax
29 102
20 803
31 522
31 522
Living cost
37 738
37 738
37 738
37 738
Free-cash
-8 636
-16 935
-6 216
-6 216

Estimated living cost  is ₽37738 per week

₽26033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽547
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽22963
-₽27682
-₽22963
-₽36462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 940
social contributions
-
-
-
2 341
total
-
-
-
7 281
Employee
76 462
-
40 000
-
income
14 428
-
4 940
-
social contributions
6 352
-
2 341
-
total
20 780
-
7 281
-
Employer
76 462
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
4 999
-
-
total
-
4 999
-
-
Dividends
-
35 001
-
-
withholding
-
7 001
-
-
total
-
7 001
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 780
12 000
7 281
7 281
After tax
19 220
28 000
32 719
32 719
Living cost
55 682
55 682
55 682
55 682
Free-cash
-36 462
-27 682
-22 963
-22 963

Estimated living cost  is ₽55682 per week

₽42362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4537
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.
₽8251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5726
-₽13382
-₽29327
-₽12253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 825
health

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

-
-
-
6 019
total
-
-
-
33 844
Employee
44 842
-
36 357
-
income
4 866
-
2 957
-
social contributions
4 493
-
3 643
-
total
9 359
-
6 600
-
Employer
44 842
-
36 357
-
social contributions
4 493
-
3 643
-
total
4 493
-
3 643
-
Corporate
-
40 000
-
-
income
-
14 000
-
-
total
-
14 000
-
-
Dividends
-
26 000
-
-
social contributions
2 918
3 899
-
-
total
2 918
3 899
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 770
17 899
10 243
33 844
After tax
23 230
22 101
29 757
6 156
Living cost
35 483
35 483
35 483
35 483
Free-cash
-12 253
-13 382
-5 726
-29 327

Estimated living cost  is ₽35483 per week

₽23373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2797
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽544
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽9063
-₽5968
-₽5525
-₽15252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 603
pensions
-
-
-
1 984
total
-
-
-
9 587
Employee
49 330
-
36 150
-
income
8 983
-
6 718
-
health
644
-
373
-
pensions
3 765
-
2 184
-
total
13 392
-
9 275
-
Employer
49 330
-
36 150
-
health
938
-
686
-
pensions
4 984
-
3 164
-
total
5 922
-
3 850
-
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.

-
7 601
-
-
total
-
7 601
-
-
Dividends
-
32 399
-
-
withholding
-
2 429
-
-
total
-
2 429
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 314
10 030
13 125
9 587
After tax
20 686
29 970
26 875
30 413
Living cost
35 938
35 938
35 938
35 938
Free-cash
-15 252
-5 968
-9 063
-5 525

Estimated living cost  is ₽35938 per week

₽24653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽2214
-₽20097
₽3951
-₽4191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
363
health
-
-
-
2 137
accident
-
-
-
247
income
-
-
-
5 889
pensions
-
-
-
4 076
total
-
-
-
12 712
Employee
36 710
-
33 228
-
income
5 036
-
4 558
-
pensions
4 134
-
3 742
-
health
4 203
-
3 805
-
total
13 373
-
12 105
-
Employer
36 710
-
33 228
-
unemployment
899
-
814
-
accident
613
-
555
-
pensions
5 969
-
5 403
-
total
7 481
-
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
20 854
36 760
18 877
12 712
After tax
19 146
3 240
21 123
27 288
Living cost
23 337
23 337
23 337
23 337
Free-cash
-4 191
-20 097
-2 214
3 951

Estimated living cost  is ₽23337 per week

₽17127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽11217
₽20817
₽11217
₽16072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 600
health insurance
-
-
-
2 960
work injury
-
-
-
200
pensions
-
-
-
7 360
unemployment
-
-
-
480
total
-
-
-
15 600
Employee

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

21 093
-
40 000
-
income
2 109
-
4 600
-
work injury
105
-
200
-
health insurance
1 561
-
2 960
-
pensions
3 881
-
7 360
-
unemployment
253
-
480
-
total
7 909
-
15 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 907
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
18 907
40 000
-
-
withholding
2 836
6 000
-
-
total
2 836
6 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 745
6 000
15 600
15 600
After tax
29 255
34 000
24 400
24 400
Living cost
13 183
13 183
13 183
13 183
Free-cash
16 072
20 817
11 217
11 217

Estimated living cost  is ₽13183 per week

₽8167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽958
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.
₽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.
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Source of data for Skopje model

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Rome , Italy
-₽19223
-₽17871
-₽16939
-₽42372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 910
regional
-
-
-
533
municipal
-
-
-
267
total
-
-
-
17 998
Employee
82 370
-
40 000
-
social contributions
27 775
-
13 488
-
municipal
492
-
239
-
national
13 920
-
6 097
-
regional
1 244
-
458
-
total
43 431
-
20 282
-
Employer
82 370
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
nationa
-
9 600
-
-
municipal
-
1 927
-
-
total
-
11 527
-
-
Dividends
-
28 473
-
-
withholding
-
7 403
-
-
total
-
7 403
-
-
Income
40 000
40 000
40 000
40 000
Total tax
43 431
18 930
20 282
17 998
After tax
-3 431
21 070
19 718
22 002
Living cost
38 941
38 941
38 941
38 941
Free-cash
-42 372
-17 871
-19 223
-16 939

Estimated living cost  is ₽38941 per week

₽27354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
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Source of data for Rome model

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