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
-₽8059
₽2992
₽2992
₽2328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
40 000
income

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

-
-
-
2 044
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.

-
-
-
112
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.

-
-
-
6 414
trade
-
-
-
-
total
-
-
-
8 570
Employee

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

35 910
-
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.

55
-
112
-
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.

1 003
-
2 044
-
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.

6 414
-
6 414
-
total
7 472
-
8 570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 090
40 000
-
-
income
613
6 001
-
-
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.

34
330
-
-
chamber of commerce
148
200
-
-
trade
645
6 300
-
-
total
1 440
12 831
-
-
Dividends
2 650
27 170
-
-
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.

16
355
-
-
withholding
306
6 435
-
-
total
322
6 790
-
-
Income
40 000
40 000
40 000
40 000
Total tax
9 234
19 621
8 570
8 570
After tax
30 766
20 379
31 430
31 430
Living cost
28 438
28 438
28 438
28 438
Free-cash
2 328
-8 059
2 992
2 992

Estimated living cost  is ₽28438 per week

₽17888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽24991
-₽23627
-₽23941
-₽44460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
430
municipal
-
-
-
3 436
national
-
-
-
5 324
pensions
-
-
-
4 800
total
-
-
-
13 990
Employee
77 434
-
34 580
-
municipal
9 564
-
3 591
-
pensions
3 097
-
1 383
-
national
14 821
-
5 564
-
total
27 482
-
10 538
-
Employer
77 434
-
34 580
-
pensions
6 195
-
2 766
-
social contributions
832
-
372
-
total
7 027
-
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
34 509
15 040
13 676
13 990
After tax
5 491
24 960
26 324
26 010
Living cost
49 951
49 951
49 951
49 951
Free-cash
-44 460
-24 991
-23 627
-23 941

Estimated living cost  is ₽49951 per week

₽33951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽748
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12467
₽3419
₽11510
₽4765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
40 000
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
2 956
microenterprise
-
-
-
6 001
total
-
-
-
8 957
Employee
27 434
-
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.

3 018
-
3 546
-
income
4 884
-
5 737
-
total
7 902
-
9 283
-
Employer
27 434
-
32 235
-
social contributions

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

6 608
-
7 765
-
surtax
-
-
-
-
total
6 608
-
7 765
-
Corporate
5 957
40 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

1 192
8 000
-
-
total
1 192
8 000
-
-
Dividends

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

4 765
32 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 702
8 000
17 048
8 957
After tax
24 298
32 000
22 952
31 043
Living cost
19 533
19 533
19 533
19 533
Free-cash
4 765
12 467
3 419
11 510

Estimated living cost  is ₽19533 per week

₽12461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽47961
-₽53232
-₽16324
-₽53232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 653
health
-
-
-
6 140
pensions
-
-
-
7 200
total
-
-
-
16 993
Employee
80 176
80 176
80 176
-
pensions
14 432
11 000
14 432
-
income

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

13 124
13 124
13 124
-
health
12 306
10 467
12 306
-
total
39 862
34 591
39 862
-
Employer
80 176
80 176
80 176
-
health
5 573
5 573
5 573
-
pensions
5 580
5 580
5 580
-
unemployment
2 886
2 886
2 886
-
total
14 039
14 039
14 039
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
53 901
48 630
53 901
16 993
After tax
-13 901
-8 630
-13 901
23 007
Living cost
39 331
39 331
39 331
39 331
Free-cash
-53 232
-47 961
-53 232
-16 324

Estimated living cost  is ₽39331 per week

₽27873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽625
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15923
-₽16403
-₽17823
-₽30717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
80
other
-
-
-
4 648
unemployment
-
-
-
40
health
-
-
-
2 496
municipal
-
-
-
8 472
national
-
-
-
-
pensions
-
-
-
4 324
total
-
-
-
20 060
Employee
53 808
-
30 437
-
municipal
16 046
-
9 076
-
national
-
-
-
-
total
16 046
-
9 076
-
Employer
53 808
-
30 437
-
health
3 309
-
1 872
-
pensions
5 817
-
3 290
-
accident
108
-
61
-
unemployment
1 421
-
804
-
other
6 253
-
3 537
-
total
16 908
-
9 564
-
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
32 954
18 160
18 640
20 060
After tax
7 046
21 840
21 360
19 940
Living cost
37 763
37 763
37 763
37 763
Free-cash
-30 717
-15 923
-16 403
-17 823

Estimated living cost  is ₽37763 per week

₽25028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3706
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.
₽8456
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽16711
-₽5453
-₽5453
-₽7612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
40 000
income

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

-
-
-
2 044
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.

-
-
-
112
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.

-
-
-
6 414
trade
-
-
-
-
total
-
-
-
8 570
Employee

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

47 612
-
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.

224
-
112
-
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.

4 091
-
2 044
-
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.

6 414
-
6 414
-
total
10 729
-
8 570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 001
-
-
surtax

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

-
330
-
-
chamber of commerce
-
200
-
-
trade
-
6 580
-
-
total
-
13 111
-
-
Dividends
-
26 890
-
-
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.

-
351
-
-
withholding
-
6 366
-
-
total
-
6 717
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 729
19 828
8 570
8 570
After tax
29 271
20 172
31 430
31 430
Living cost
36 883
36 883
36 883
36 883
Free-cash
-7 612
-16 711
-5 453
-5 453

Estimated living cost  is ₽36883 per week

₽24668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽551
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11684
-₽5530
₽2288
-₽6550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
6 240
health
-
-
-
1 019
total
-
-
-
7 259
Employee
72 195
72 195
72 195
-
social contributions
3 508
5 992
3 015
-
income
7 581
6 683
7 759
-
health
718
1 228
616
-
total
11 807
13 903
11 390
-
Employer
72 195
72 195
72 195
-
health
782
1 336
672
-
social contributions
3 508
5 992
3 015
-
total
4 290
7 328
3 687
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 097
21 231
15 077
7 259
After tax
23 903
18 769
24 923
32 741
Living cost
30 453
30 453
30 453
30 453
Free-cash
-6 550
-11 684
-5 530
2 288

Estimated living cost  is ₽30453 per week

₽20817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽5903
₽6365
₽10886
₽6254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

24 286
9 665
33 473
-
unemployment
364
145
502
-
pensions
2 429
967
3 347
-
income
2 969
1 182
4 092
-
health
1 700
677
2 343
-
total
7 462
2 971
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.

24 286
9 665
33 473
-
pensions
4 736
1 885
6 527
-
total
4 736
1 885
6 527
-
Corporate
10 979
28 450
-
-
income
988
2 560
-
-
total
988
2 560
-
-
Dividends
9 991
25 889
-
-
social contributions
1 838
4 938
-
-
withholding
1 898
4 919
-
-
total
3 736
9 857
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 922
17 273
16 811
12 290
After tax
23 078
22 727
23 189
27 710
Living cost
16 824
16 824
16 824
16 824
Free-cash
6 254
5 903
6 365
10 886

Estimated living cost  is ₽16824 per week

₽11481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽336
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽9323
₽2166
₽772
₽3489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 350
health
-
-
-
5 201
pensions
-
-
-
8 000
total
-
-
-
16 551
Employee
26 635
-
29 896
-
unemployment
426
-
477
-
pensions
533
-
599
-
income
2 999
-
3 977
-
total
3 958
-
5 053
-
Employer
26 635
-
29 896
-
health
3 462
-
3 886
-
pensions
5 327
-
5 979
-
unemployment
214
-
239
-
total
9 003
-
10 104
-
Corporate
4 363
40 000
-
-
income
873
8 000
-
-
total
873
8 000
-
-
Dividends
3 490
32 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 834
8 000
15 157
16 551
After tax
26 166
32 000
24 843
23 449
Living cost
22 677
22 677
22 677
22 677
Free-cash
3 489
9 323
2 166
772

Estimated living cost  is ₽22677 per week

₽15554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17691
₽192
₽6518
₽29
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
240
income
-
-
-
5 924
other
-
-
-
353
health
-
-
-
2 075
pensions
-
-
-
3 959
total
-
-
-
12 551
Employee
32 926
-
33 228
-
pensions
3 708
-
3 741
-
income
4 517
-
4 559
-
health
3 770
-
3 805
-
total
11 995
-
12 105
-
Employer
32 926
-
33 228
-
pensions
5 354
-
5 403
-
accident
550
-
555
-
unemployment
807
-
814
-
total
6 711
-
6 772
-
Corporate
364
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.

327
36 000
-
-
total
327
36 000
-
-
Dividends
36
4 000
-
-
withholding
7
760
-
-
total
7
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 040
36 760
18 877
12 551
After tax
20 960
3 240
21 123
27 449
Living cost
20 931
20 931
20 931
20 931
Free-cash
29
-17 691
192
6 518

Estimated living cost  is ₽20931 per week

₽15341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽437
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₽30449
₽24449
₽32049
₽29034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
40 000
microenterprise

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

-
-
-
400
total
-
-
-
400
Employee
9 438
-
40 000
-
income
1 887
-
8 000
-
total
1 887
-
8 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

30 562
40 000
-
-
total
-
-
-
-
Dividends
30 562
40 000
-
-
withholding
1 528
2 000
-
-
total
1 528
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
3 415
2 000
8 000
400
After tax
36 585
38 000
32 000
39 600
Living cost
7 551
7 551
7 551
7 551
Free-cash
29 034
30 449
24 449
32 049

Estimated living cost  is ₽7551 per week

₽4680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4371
-₽1569
-₽3357
-₽2680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 081
other
-
-
-
1 899
health
-
-
-
1 760
pensions

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

-
-
-
9 600
total
-
-
-
18 340
Employee
34 090
-
31 949
-
unemployment
340
-
319
-
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.

2 386
-
2 236
-
income
5 869
-
5 500
-
health
477
-
447
-
total
9 072
-
8 502
-
Employer
34 090
-
31 949
-
health
477
-
447
-
pensions

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

5 796
-
5 431
-
accident
273
-
255
-
unemployment
340
-
319
-
other
1 705
-
1 598
-
total
8 591
-
8 050
-
Corporate
-
40 000
-
-
income
-
8 401
-
-
total
-
8 401
-
-
Dividends
-
31 599
-
-
withholding
-
2 211
-
-
total
-
2 211
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 663
10 612
16 552
18 340
After tax
22 337
29 388
23 448
21 660
Living cost
25 017
25 017
25 017
25 017
Free-cash
-2 680
4 371
-1 569
-3 357

Estimated living cost  is ₽25017 per week

₽17676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽33026
-₽36206
-₽32618
-₽61348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 595
pensions
-
-
-
2 027
total
-
-
-
9 622
Employee
89 130
-
36 106
-
pensions
8 599
-
2 236
-
income
16 067
-
6 698
-
health
1 469
-
382
-
total
26 135
-
9 316
-
Employer
89 130
-
36 106
-
health
1 693
-
687
-
pensions
10 524
-
3 207
-
total
12 217
-
3 894
-
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
38 352
10 030
13 210
9 622
After tax
1 648
29 970
26 790
30 378
Living cost
62 996
62 996
62 996
62 996
Free-cash
-61 348
-33 026
-36 206
-32 618

Estimated living cost  is ₽62996 per week

₽47204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7402
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.
₽7879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₽21890
₽13149
₽12933
₽17530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
unemployment
-
-
-
131
health
-
-
-
3 772
pensions

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

-
-
-
4 854
total
-
-
-
14 757
Employee
16 300
-
33 566
-
accident

We are using the highest rate at 1.1%.

179
-
361
-
pensions

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

1 431
-
2 880
-
income
1 630
-
3 356
-
health
750
-
1 509
-
total
3 990
-
8 106
-
Employer
16 300
-
33 566
-
health
1 125
-
2 263
-
pensions

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

1 796
-
3 614
-
accident

We are using the highest rate at 1.1%.

179
-
361
-
unemployment
97
-
197
-
total
3 197
-
6 435
-
Corporate
20 501
40 000
-
-
income
2 050
4 000
-
-
total
2 050
4 000
-
-
Dividends
18 451
36 000
-
-
withholding
923
1 800
-
-
total
923
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 160
5 800
14 541
14 757
After tax
29 840
34 200
25 459
25 243
Living cost
12 310
12 310
12 310
12 310
Free-cash
17 530
21 890
13 149
12 933

Estimated living cost  is ₽12310 per week

₽7187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3918
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽60692
-₽65963
-₽29055
-₽62286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 653
health
-
-
-
6 140
pensions
-
-
-
7 200
total
-
-
-
16 993
Employee
87 046
80 176
80 176
-
pensions
11 000
11 000
14 432
-
income

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

13 124
13 124
13 124
-
health
10 859
10 467
12 306
-
total
34 983
34 591
39 862
-
Employer
87 046
80 176
80 176
-
health
6 049
5 573
5 573
-
pensions
6 058
5 580
5 580
-
unemployment
3 134
2 886
2 886
-
total
15 241
14 039
14 039
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
50 224
48 630
53 901
16 993
After tax
-10 224
-8 630
-13 901
23 007
Living cost
52 062
52 062
52 062
52 062
Free-cash
-62 286
-60 692
-65 963
-29 055

Estimated living cost  is ₽52062 per week

₽38405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4650
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.
₽8411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4550
-₽2692
-₽3508
-₽5304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
social contributions
-
-
-
11 680
solidarity contribution
-
-
-
-
health
-
-
-
5 400
total
-
-
-
20 518
Employee
33 809
-
29 851
-
solidarity contribution
-
-
-
-
social contributions
2 198
-
1 940
-
income
4 057
-
3 582
-
health
4 564
-
4 030
-
total
10 819
-
9 552
-
Employer
33 809
-
29 851
-
health
3 043
-
2 687
-
social contributions
8 452
-
7 463
-
total
11 495
-
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
22 314
12 460
19 702
20 518
After tax
17 686
27 540
20 298
19 482
Living cost
22 990
22 990
22 990
22 990
Free-cash
-5 304
4 550
-2 692
-3 508

Estimated living cost  is ₽22990 per week

₽15969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4933
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽18275
-₽19741
-₽17471
-₽43441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
375
municipal
-
-
-
237
national
-
-
-
6 954
total
-
-
-
17 854
Employee
83 442
-
40 000
-
municipal
442
-
212
-
national
14 458
-
6 099
-
regional
787
-
326
-
social contributions
28 137
-
13 487
-
total
43 824
-
20 124
-
Employer
83 442
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 561
-
-
nationa
-
9 600
-
-
total
-
11 161
-
-
Dividends
-
28 839
-
-
withholding
-
7 497
-
-
total
-
7 497
-
-
Income
40 000
40 000
40 000
40 000
Total tax
43 824
18 658
20 124
17 854
After tax
-3 824
21 342
19 876
22 146
Living cost
39 617
39 617
39 617
39 617
Free-cash
-43 441
-18 275
-19 741
-17 471

Estimated living cost  is ₽39617 per week

₽27616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽608
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4442
₽1303
₽2273
₽1521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 789
other
-
-
-
-
surtax
-
-
-
166
unemployment
-
-
-
214
health
-
-
-
2 840
pensions
-
-
-
8 000
total
-
-
-
17 009
Employee
31 048
-
33 044
-
other
-
-
-
-
unemployment
2 161
-
2 300
-
pensions
2 070
-
2 204
-
surtax
102
-
139
-
income
5 204
-
5 539
-
health
793
-
843
-
total
10 330
-
11 025
-
Employer
31 048
-
33 044
-
health
1 413
-
1 502
-
pensions
4 139
-
4 404
-
unemployment
983
-
1 048
-
other
-
-
-
-
total
6 535
-
6 954
-
Corporate
2 417
40 000
-
-
income
629
10 400
-
-
total
629
10 400
-
-
Dividends
1 788
29 600
-
-
withholding
267
4 440
-
-
total
267
4 440
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 761
14 840
17 979
17 009
After tax
22 239
25 160
22 021
22 991
Living cost
20 718
20 718
20 718
20 718
Free-cash
1 521
4 442
1 303
2 273

Estimated living cost  is ₽20718 per week

₽12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1912
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.
₽5660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽13067
-₽16247
-₽12659
-₽27333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 595
pensions
-
-
-
2 027
total
-
-
-
9 622
Employee
59 733
-
36 106
-
pensions
5 070
-
2 236
-
income
10 758
-
6 698
-
health
867
-
382
-
total
16 695
-
9 316
-
Employer
59 733
-
36 106
-
health
1 135
-
687
-
pensions
6 466
-
3 207
-
total
7 601
-
3 894
-
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
24 296
10 030
13 210
9 622
After tax
15 704
29 970
26 790
30 378
Living cost
43 037
43 037
43 037
43 037
Free-cash
-27 333
-13 067
-16 247
-12 659

Estimated living cost  is ₽43037 per week

₽32243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3226
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.
₽7117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽55989
-₽42806
-₽40111
-₽55208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
631
health
-
-
-
242
city
-
-
-
420
national
-
-
-
59
pensions
-
-
-
3 680
total
-
-
-
5 831
Employee
86 926
-
35 437
-
unemployment
-
-
-
-
pensions
7 303
-
3 384
-
national
411
-
31
-
regional
2 846
-
483
-
city
933
-
376
-
health
197
-
80
-
total
11 690
-
4 354
-
Employer
86 926
-
35 437
-
health
197
-
80
-
pensions
7 303
-
3 384
-
unemployment
-
-
-
-
other

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

1 738
-
708
-
total
9 238
-
4 172
-
Corporate
-
40 000
-
-
regional
-
8 459
-
-
national
-
3 400
-
-
total
-
11 859
-
-
Dividends
-
28 141
-
-
withholding
-
9 850
-
-
total
-
9 850
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 928
21 709
8 526
5 831
After tax
19 072
18 291
31 474
34 169
Living cost
74 280
74 280
74 280
74 280
Free-cash
-55 208
-55 989
-42 806
-40 111

Estimated living cost  is ₽74280 per week

₽48303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽912
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽23044
-₽11580
-₽11580
-₽16424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
40 000
income

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

-
-
-
2 044
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.

-
-
-
112
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.

-
-
-
6 414
trade
-
-
-
-
total
-
-
-
8 570
Employee

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

56 425
-
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.

365
-
112
-
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.

6 635
-
2 044
-
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.

6 414
-
6 414
-
total
13 414
-
8 570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 001
-
-
surtax

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

-
330
-
-
chamber of commerce
-
200
-
-
trade
-
6 860
-
-
total
-
13 391
-
-
Dividends
-
26 611
-
-
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.

-
346
-
-
withholding
-
6 297
-
-
total
-
6 643
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 414
20 034
8 570
8 570
After tax
26 586
19 966
31 430
31 430
Living cost
43 010
43 010
43 010
43 010
Free-cash
-16 424
-23 044
-11 580
-11 580

Estimated living cost  is ₽43010 per week

₽31413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11961
-₽7153
-₽7839
-₽12730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 096
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 139
health
-
-
-
347
pensions
-
-
-
11 895
total
-
-
-
15 717
Employee
40 183
-
30 479
-
pensions
4 543
-
3 446
-
surtax
-
-
-
-
social contributions
1 146
-
868
-
income
2 371
-
1 199
-
total
8 060
-
5 513
-
Employer
40 183
-
30 479
-
health
2 813
-
2 133
-
pensions
6 601
-
5 008
-
unemployment
1 627
-
1 235
-
social contributions
121
-
91
-
other
1 386
-
1 051
-
total
12 548
-
9 518
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 608
19 839
15 031
15 717
After tax
19 392
20 161
24 969
24 283
Living cost
32 122
32 122
32 122
32 122
Free-cash
-12 730
-11 961
-7 153
-7 839

Estimated living cost  is ₽32122 per week

₽20254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2612
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.
₽8711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8779
-₽3971
-₽4657
-₽7070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 096
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 139
health
-
-
-
347
pensions
-
-
-
11 895
total
-
-
-
15 717
Employee
35 869
-
30 479
-
pensions
4 057
-
3 446
-
surtax
-
-
-
-
social contributions
1 023
-
868
-
income
1 849
-
1 199
-
total
6 929
-
5 513
-
Employer
35 869
-
30 479
-
health
2 510
-
2 133
-
pensions
5 894
-
5 008
-
unemployment
1 452
-
1 235
-
social contributions
107
-
91
-
other
1 238
-
1 051
-
total
11 201
-
9 518
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 130
19 839
15 031
15 717
After tax
21 870
20 161
24 969
24 283
Living cost
28 940
28 940
28 940
28 940
Free-cash
-7 070
-8 779
-3 971
-4 657

Estimated living cost  is ₽28940 per week

₽16784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8668
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4493
₽4590
₽5778
₽4130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 001
social contributions
-
-
-
5 520
health
-
-
-
2 792
total
-
-
-
14 313
Employee
31 834
-
40 000
-
social contributions
4 394
-
5 520
-
income
5 309
-
7 189
-
health
2 222
-
2 792
-
total
11 925
-
15 501
-
Employer
31 834
-
40 000
-
total
-
-
-
-
Corporate
8 166
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%.

408
2 001
-
-
total
408
2 001
-
-
Dividends
7 758
37 999
-
-
social contributions
1 637
5 244
-
-
withholding
1 163
5 700
-
-
health
828
2 653
-
-
total
3 628
13 597
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 961
15 598
15 501
14 313
After tax
24 039
24 402
24 499
25 687
Living cost
19 909
19 909
19 909
19 909
Free-cash
4 130
4 493
4 590
5 778

Estimated living cost  is ₽19909 per week

₽13324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1228
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽458
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4898
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽14462
-₽17896
-₽10689
-₽21501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 046
surtax
-
-
-
185
unemployment
-
-
-
5 758
chamber of commerce
-
-
-
160
health
-
-
-
3 059
pensions
-
-
-
7 399
total
-
-
-
17 607
Employee
46 921
37 416
37 416
-
other
469
374
305
-
unemployment
1 408
1 122
916
-
pensions
4 805
3 831
3 125
-
income
5 342
2 760
3 072
-
health
1 816
1 449
1 181
-
total
13 840
9 536
8 599
-
Employer
46 921
37 416
37 416
-
chamber of commerce
187
150
150
-
health
1 773
1 415
1 155
-
pensions
5 889
4 697
3 831
-
accident
609
486
397
-
unemployment
1 408
1 122
916
-
surtax
185
185
185
-
payroll
1 408
1 122
1 122
-
other
2 229
1 776
1 719
-
total
13 688
10 953
9 475
-
Corporate
3 563
3 563
26 962
-
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.

891
891
6 740
-
total
891
891
6 740
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 419
21 380
24 814
17 607
After tax
11 581
18 620
15 186
22 393
Living cost
33 082
33 082
33 082
33 082
Free-cash
-21 501
-14 462
-17 896
-10 689

Estimated living cost  is ₽33082 per week

₽22065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2822
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽543
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
-₽11603
-₽16150
-₽10891
-₽46708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
communal

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

-
-
-
2 200
social contributions
-
-
-
3 330
national
-
-
-
11 128
total
-
-
-
16 658
Employee

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

67 159
-
30 979
-
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.

584
-
269
-
communal

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

3 503
-
1 616
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

5 037
-
2 323
-
national
20 647
-
7 231
-
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.

3 155
-
1 456
-
total
32 926
-
12 895
-
Employer

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

67 159
-
30 979
-
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.

4 130
-
1 906
-
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.

5 951
-
2 746
-
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.

873
-
403
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

980
-
453
-
surtax
7 615
-
3 514
-
total
19 549
-
9 022
-
Corporate
-
40 000
-
-
income
-
8 000
-
-
surtax
-
160
-
-
total
-
8 160
-
-
Dividends
-
31 840
-
-
withholding

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

-
9 210
-
-
total
-
9 210
-
-
Income
40 000
40 000
40 000
40 000
Total tax
52 475
17 370
21 917
16 658
After tax
-12 475
22 630
18 083
23 342
Living cost
34 233
34 233
34 233
34 233
Free-cash
-46 708
-11 603
-16 150
-10 891

Estimated living cost  is ₽34233 per week

₽22050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽536
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6833
-₽11506
-₽11516
-₽21633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
360
income
-
-
-
5 611
other
-
-
-
39
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 609
Employee
46 735
-
30 005
-
other
46
-
32
-
unemployment
725
-
486
-
pensions
2 197
-
1 473
-
income
9 861
-
5 613
-
total
12 829
-
7 604
-
Employer
46 735
-
30 005
-
pensions
11 029
-
7 399
-
accident
925
-
620
-
unemployment
2 571
-
1 725
-
other
372
-
251
-
total
14 897
-
9 995
-
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
-
6 925
-
-
total
-
6 925
-
-
Income
40 000
40 000
40 000
40 000
Total tax
27 726
12 926
17 599
17 609
After tax
12 274
27 074
22 401
22 391
Living cost
33 907
33 907
33 907
33 907
Free-cash
-21 633
-6 833
-11 506
-11 516

Estimated living cost  is ₽33907 per week

₽24969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2405
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.
₽6044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽25856
-₽24763
-₽24762
-₽39595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
communal
-
-
-
-
accident
-
-
-
403
income
-
-
-
802
surtax
-
-
-
2 036
health
-
-
-
3 350
pensions
-
-
-
7 148
total
-
-
-
13 739
Employee
71 101
-
34 660
-
pensions
5 687
-
3 574
-
surtax
4 358
-
2 036
-
income
6 868
-
802
-
health
3 164
-
1 988
-
total
20 077
-
8 400
-
Employer
71 101
-
34 660
-
health
2 168
-
1 363
-
pensions
5 687
-
3 574
-
accident
640
-
403
-
total
8 495
-
5 340
-
Corporate
-
40 000
-
-
communal
-
2 699
-
-
income
-
6 001
-
-
surtax
-
420
-
-
total
-
9 120
-
-
Dividends
-
30 879
-
-
income
-
1 081
-
-
withholding
-
4 632
-
-
total
-
5 713
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 572
14 833
13 740
13 739
After tax
11 428
25 167
26 260
26 261
Living cost
51 023
51 023
51 023
51 023
Free-cash
-39 595
-25 856
-24 763
-24 762

Estimated living cost  is ₽51023 per week

₽38274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽540
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽4072
₽933
₽1903
₽1085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 789
other
-
-
-
-
surtax
-
-
-
166
unemployment
-
-
-
214
health
-
-
-
2 840
pensions
-
-
-
8 000
total
-
-
-
17 009
Employee
31 618
-
33 044
-
other
-
-
-
-
unemployment
2 200
-
2 300
-
pensions
2 110
-
2 204
-
surtax
112
-
139
-
income
5 301
-
5 539
-
health
807
-
843
-
total
10 530
-
11 025
-
Employer
31 618
-
33 044
-
health
1 438
-
1 502
-
pensions
4 216
-
4 404
-
unemployment
1 003
-
1 048
-
other
-
-
-
-
total
6 657
-
6 954
-
Corporate
1 725
40 000
-
-
income
449
10 400
-
-
total
449
10 400
-
-
Dividends
1 276
29 600
-
-
withholding
191
4 440
-
-
total
191
4 440
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 827
14 840
17 979
17 009
After tax
22 173
25 160
22 021
22 991
Living cost
21 088
21 088
21 088
21 088
Free-cash
1 085
4 072
933
1 903

Estimated living cost  is ₽21088 per week

₽12732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽4266
-₽5627
-₽3373
-₽12081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
603
municipal
-
-
-
237
national
-
-
-
6 954
total
-
-
-
18 082
Employee
52 081
-
40 000
-
municipal
276
-
212
-
national
8 251
-
6 099
-
regional
701
-
538
-
social contributions
17 562
-
13 487
-
total
26 790
-
20 336
-
Employer
52 081
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 988
-
-
nationa
-
9 600
-
-
total
-
11 588
-
-
Dividends
-
28 412
-
-
withholding
-
7 387
-
-
total
-
7 387
-
-
Income
40 000
40 000
40 000
40 000
Total tax
26 790
18 975
20 336
18 082
After tax
13 210
21 025
19 664
21 918
Living cost
25 291
25 291
25 291
25 291
Free-cash
-12 081
-4 266
-5 627
-3 373

Estimated living cost  is ₽25291 per week

₽15729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽433
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽790
-₽8032
-₽8848
-₽15827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
social contributions
-
-
-
11 680
solidarity contribution
-
-
-
-
health
-
-
-
5 400
total
-
-
-
20 518
Employee
41 662
-
29 851
-
solidarity contribution
-
-
-
-
social contributions
2 708
-
1 940
-
income
4 999
-
3 582
-
health
5 624
-
4 030
-
total
13 331
-
9 552
-
Employer
41 662
-
29 851
-
health
3 750
-
2 687
-
social contributions
10 416
-
7 463
-
total
14 166
-
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
27 497
12 460
19 702
20 518
After tax
12 503
27 540
20 298
19 482
Living cost
28 330
28 330
28 330
28 330
Free-cash
-15 827
-790
-8 032
-8 848

Estimated living cost  is ₽28330 per week

₽21068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11149
-₽14674
-₽7376
-₽13743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 046
surtax
-
-
-
-
unemployment
-
-
-
5 758
chamber of commerce
-
-
-
160
health
-
-
-
3 059
pensions
-
-
-
7 399
total
-
-
-
17 422
Employee
41 041
37 416
37 416
-
other
410
374
306
-
unemployment
1 231
1 122
921
-
pensions
4 203
3 831
3 141
-
income
3 656
2 760
3 065
-
health
1 587
1 449
1 187
-
total
11 087
9 536
8 620
-
Employer
41 041
37 416
37 416
-
chamber of commerce
164
150
150
-
health
1 552
1 415
1 160
-
pensions
5 151
4 697
3 850
-
accident
533
486
399
-
unemployment
1 231
1 122
921
-
surtax
-
-
-
-
payroll
1 231
1 122
1 122
-
other
1 949
1 776
1 719
-
total
11 811
10 768
9 321
-
Corporate
3 563
3 563
27 115
-
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.

891
891
6 779
-
total
891
891
6 779
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 789
21 195
24 720
17 422
After tax
16 211
18 805
15 280
22 578
Living cost
29 954
29 954
29 954
29 954
Free-cash
-13 743
-11 149
-14 674
-7 376

Estimated living cost  is ₽29954 per week

₽17968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3059
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽535
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽26233
₽20233
₽27833
₽24026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 709
-
40 000
-
income
2 942
-
8 000
-
total
2 942
-
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%.

25 291
40 000
-
-
total
-
-
-
-
Dividends
25 291
40 000
-
-
withholding
1 265
2 000
-
-
total
1 265
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
4 207
2 000
8 000
400
After tax
35 793
38 000
32 000
39 600
Living cost
11 767
11 767
11 767
11 767
Free-cash
24 026
26 233
20 233
27 833

Estimated living cost  is ₽11767 per week

₽7963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽2356
-₽3928
-₽2661
-₽7982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
40 000
income
-
-
-
6 176
unemployment
-
-
-
61
health
-
-
-
3 936
pensions
-
-
-
7 305
total
-
-
-
17 478
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.

41 517
-
34 612
-
unemployment
59
-
48
-
pensions
6 435
-
5 365
-
income
7 160
-
5 708
-
health
2 681
-
2 236
-
total
16 335
-
13 357
-
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.

41 517
-
34 612
-
health
2 765
-
2 304
-
pensions
3 674
-
3 063
-
unemployment
25
-
21
-
total
6 464
-
5 388
-
Corporate
-
40 000
-
-
income
-
7 601
-
-
total
-
7 601
-
-
Dividends
-
32 399
-
-
withholding
-
4 860
-
-
total
-
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 799
12 461
18 745
17 478
After tax
17 201
27 539
21 255
22 522
Living cost
25 183
25 183
25 183
25 183
Free-cash
-7 982
2 356
-3 928
-2 661

Estimated living cost  is ₽25183 per week

₽17282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1614
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.
₽5799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15765
-₽12327
-₽12458
-₽98573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 797
social contributions
-
-
-
4 560
total
-
-
-
12 357
Employee
57 499
-
-
-
social contributions
4 715
-
672
-
income
12 683
-
-
-
total
17 398
-
672
-
Employer
57 499
-
-
-
social contributions
81 074
-
11 554
-
total
81 074
-
11 554
-
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
98 472
15 664
12 226
12 357
After tax
-58 472
24 336
27 774
27 643
Living cost
40 101
40 101
40 101
40 101
Free-cash
-98 573
-15 765
-12 327
-12 458

Estimated living cost  is ₽40101 per week

₽26019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽6699
-₽6759
-₽5979
-₽13437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
40 000
income
-
-
-
2 628
surtax
-
-
-
-
social contributions

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

-
-
-
13 901
total
-
-
-
16 529
Employee
43 181
-
32 323
-
surtax
-
-
-
-
social contributions
4 750
-
3 556
-
income
8 982
-
6 076
-
total
13 732
-
9 632
-
Employer
43 181
-
32 323
-
social contributions
10 255
-
7 677
-
total
10 255
-
7 677
-
Corporate
-
40 000
-
-
income
-
8 401
-
-
surtax
-
-
-
-
total
-
8 401
-
-
Dividends
-
31 599
-
-
withholding
-
8 848
-
-
total
-
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
23 987
17 249
17 309
16 529
After tax
16 013
22 751
22 691
23 471
Living cost
29 450
29 450
29 450
29 450
Free-cash
-13 437
-6 699
-6 759
-5 979

Estimated living cost  is ₽29450 per week

₽22034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽492
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₽25186
-₽20378
-₽21064
-₽37169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
1 096
other
-
-
-
1 240
surtax
-
-
-
-
social contributions
-
-
-
1 139
health
-
-
-
347
pensions
-
-
-
11 895
total
-
-
-
15 717
Employee
58 804
-
30 479
-
pensions
6 651
-
3 446
-
surtax
-
-
-
-
social contributions
1 675
-
868
-
income
5 131
-
1 199
-
total
13 457
-
5 513
-
Employer
58 804
-
30 479
-
health
4 116
-
2 133
-
pensions
9 662
-
5 008
-
unemployment
2 382
-
1 235
-
social contributions
176
-
91
-
other
2 029
-
1 051
-
total
18 365
-
9 518
-
Corporate
-
40 000
-
-
income
-
11 200
-
-
surtax
-
-
-
-
total
-
11 200
-
-
Dividends
-
28 800
-
-
surtax
-
-
-
-
social contributions
-
4 953
-
-
withholding
-
3 686
-
-
total
-
8 639
-
-
Income
40 000
40 000
40 000
40 000
Total tax
31 822
19 839
15 031
15 717
After tax
8 178
20 161
24 969
24 283
Living cost
45 347
45 347
45 347
45 347
Free-cash
-37 169
-25 186
-20 378
-21 064

Estimated living cost  is ₽45347 per week

₽30690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽622
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽7778
₽4160
₽2978
₽4624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
8 800
total
-
-
-
8 800
Employee
30 184
-
34 632
-
income
-
-
-
-
social contributions
1 962
-
2 250
-
total
1 962
-
2 250
-
Employer
30 184
-
34 632
-
social contributions
4 679
-
5 368
-
total
4 679
-
5 368
-
Corporate
5 137
40 000
-
-
income
513
4 000
-
-
total
513
4 000
-
-
Dividends
4 624
36 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
7 154
4 000
7 618
8 800
After tax
32 846
36 000
32 382
31 200
Living cost
28 222
28 222
28 222
28 222
Free-cash
4 624
7 778
4 160
2 978

Estimated living cost  is ₽28222 per week

₽18248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽531
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽164558
-₽164558
-₽18356
-₽164558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 135
municipal
-
-
-
5 770
national
-
-
-
3 421
pensions
-
-
-
814
total
-
-
-
13 140
Employee
190 844
190 844
190 844
-
municipal
40 639
40 639
40 639
-
labour market
15 246
15 246
15 246
-
pensions
271
271
271
-
national
23 315
23 315
23 315
-
total
79 471
79 471
79 471
-
Employer
190 844
190 844
190 844
-
national
23 356
23 356
23 356
-
labour market
15 268
15 268
15 268
-
pensions
543
543
543
-
municipal
40 704
40 704
40 704
-
total
79 871
79 871
79 871
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
159 342
159 342
159 342
13 140
After tax
-119 342
-119 342
-119 342
26 860
Living cost
45 216
45 216
45 216
45 216
Free-cash
-164 558
-164 558
-164 558
-18 356

Estimated living cost  is ₽45216 per week

₽30946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽695
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽17382
₽501
₽6827
₽77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
240
income
-
-
-
5 924
other
-
-
-
353
health
-
-
-
2 075
pensions
-
-
-
3 959
total
-
-
-
12 551
Employee
32 441
-
33 228
-
pensions
3 653
-
3 741
-
income
4 450
-
4 559
-
health
3 715
-
3 805
-
total
11 818
-
12 105
-
Employer
32 441
-
33 228
-
pensions
5 275
-
5 403
-
accident
542
-
555
-
unemployment
795
-
814
-
total
6 612
-
6 772
-
Corporate
948
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.

853
36 000
-
-
total
853
36 000
-
-
Dividends
95
4 000
-
-
withholding
18
760
-
-
total
18
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 301
36 760
18 877
12 551
After tax
20 699
3 240
21 123
27 449
Living cost
20 622
20 622
20 622
20 622
Free-cash
77
-17 382
501
6 827

Estimated living cost  is ₽20622 per week

₽15011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽8367
-₽10833
-₽3933
-₽18718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
224
municipal
-
-
-
7 159
national
-
-
-
504
total
-
-
-
7 887
Employee
49 396
-
33 650
-
municipal
8 091
-
5 534
-
unemployment
741
-
504
-
pensions
3 334
-
2 272
-
national
816
-
-
-
health
369
-
127
-
total
13 351
-
8 437
-
Employer
49 396
-
33 650
-
health
380
-
258
-
pensions
8 570
-
5 839
-
accident
50
-
34
-
unemployment
321
-
219
-
total
9 321
-
6 350
-
Corporate
-
40 000
-
-
income
-
8 000
-
-
total
-
8 000
-
-
Dividends

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

-
24 000
-
-
municipal
-
4 321
-
-
national
-
-
-
-
total
-
4 321
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 672
12 321
14 787
7 887
After tax
17 328
27 679
25 213
32 113
Living cost
36 046
36 046
36 046
36 046
Free-cash
-18 718
-8 367
-10 833
-3 933

Estimated living cost  is ₽36046 per week

₽23545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8461
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2969
₽3185
₽11003
₽2741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
-
social contributions
-
-
-
6 240
health
-
-
-
1 019
total
-
-
-
7 259
Employee
72 195
72 195
72 195
-
social contributions
2 730
5 992
3 015
-
income
7 861
6 683
7 759
-
health
559
1 228
616
-
total
11 150
13 903
11 390
-
Employer
72 195
72 195
72 195
-
health
608
1 336
672
-
social contributions
2 730
5 992
3 015
-
total
3 338
7 328
3 687
-
Corporate
3 775
-
-
-
income
472
-
-
-
total
472
-
-
-
Dividends
3 303
-
-
-
withholding
561
-
-
-
total
561
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 521
21 231
15 077
7 259
After tax
24 479
18 769
24 923
32 741
Living cost
21 738
21 738
21 738
21 738
Free-cash
2 741
-2 969
3 185
11 003

Estimated living cost  is ₽21738 per week

₽13028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18215
₽9955
₽12662
₽13441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
40 000
income
-
-
-
3 034
unemployment
-
-
-
27
health
-
-
-
3 398
pensions
-
-
-
5 972
total
-
-
-
12 431
Employee

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

21 550
-
36 266
-
unemployment
107
-
182
-
pensions
3 232
-
5 440
-
income
1 473
-
2 699
-
health
1 832
-
3 082
-
total
6 644
-
11 403
-
Employer

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

21 550
-
36 266
-
health
926
-
1 559
-
pensions
1 185
-
1 994
-
unemployment
107
-
182
-
total
2 218
-
3 735
-
Corporate
16 231
40 000
-
-
income
1 461
3 601
-
-
total
1 461
3 601
-
-
Dividends
14 770
36 399
-
-
withholding
1 329
3 277
-
-
total
1 329
3 277
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 652
6 878
15 138
12 431
After tax
28 348
33 122
24 862
27 569
Living cost
14 907
14 907
14 907
14 907
Free-cash
13 441
18 215
9 955
12 662

Estimated living cost  is ₽14907 per week

₽9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽1256
-₽3417
-₽3427
-₽5783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
360
income
-
-
-
5 611
other
-
-
-
39
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 609
Employee
34 716
-
30 005
-
other
34
-
32
-
unemployment
538
-
486
-
pensions
1 632
-
1 473
-
income
6 693
-
5 613
-
total
8 897
-
7 604
-
Employer
34 716
-
30 005
-
pensions
8 192
-
7 399
-
accident
688
-
620
-
unemployment
1 910
-
1 725
-
other
278
-
251
-
total
11 068
-
9 995
-
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
-
6 925
-
-
total
-
6 925
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 965
12 926
17 599
17 609
After tax
20 035
27 074
22 401
22 391
Living cost
25 818
25 818
25 818
25 818
Free-cash
-5 783
1 256
-3 417
-3 427

Estimated living cost  is ₽25818 per week

₽17427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽23063
₽22855
₽22989
₽22751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
12 727
health
-
-
-
1 003
pensions
-
-
-
1 384
total
-
-
-
15 114
Employee
2 889
-
38 443
-
unemployment
29
-
69
-
pensions
260
-
623
-
income
559
-
12 654
-
health
144
-
346
-
total
992
-
13 692
-
Employer
2 889
-
38 443
-
health
275
-
657
-
pensions
318
-
761
-
unemployment
58
-
138
-
total
651
-
1 556
-
Corporate
36 460
40 000
-
-
income
8 021
8 800
-
-
total
8 021
8 800
-
-
Dividends
28 439
31 200
-
-
withholding
5 688
6 240
-
-
total
5 688
6 240
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 352
15 040
15 248
15 114
After tax
24 648
24 960
24 752
24 886
Living cost
1 897
1 897
1 897
1 897
Free-cash
22 751
23 063
22 855
22 989

Estimated living cost  is ₽1897 per week

₽1127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽43
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽12655
₽5667
₽3944
₽8030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
40 000
income
-
-
-
4 691
unemployment
-
-
-
600
health
-
-
-
4 120
pensions
-
-
-
10 400
total
-
-
-
19 811
Employee

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

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

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

24 497
-
33 927
-
unemployment
184
-
254
-
pensions
3 430
-
4 750
-
income
3 377
-
5 265
-
health
1 262
-
1 747
-
total
8 253
-
12 016
-
Employer

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

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

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

24 497
-
33 927
-
health
1 262
-
1 747
-
pensions
2 940
-
4 071
-
unemployment
184
-
254
-
total
4 386
-
6 072
-
Corporate
11 118
40 000
-
-
income
1 668
6 000
-
-
total
1 668
6 000
-
-
Dividends
9 451
34 000
-
-
withholding
1 418
5 100
-
-
total
1 418
5 100
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 725
11 100
18 088
19 811
After tax
24 275
28 900
21 912
20 189
Living cost
16 245
16 245
16 245
16 245
Free-cash
8 030
12 655
5 667
3 944

Estimated living cost  is ₽16245 per week

₽10938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1257
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.
₽3581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽2561
-₽2620
-₽1841
-₽5095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
40 000
income
-
-
-
2 628
surtax
-
-
-
-
social contributions

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

-
-
-
13 901
total
-
-
-
16 529
Employee
36 440
-
32 323
-
surtax
-
-
-
-
social contributions
4 009
-
3 556
-
income
7 120
-
6 076
-
total
11 129
-
9 632
-
Employer
36 440
-
32 323
-
social contributions
8 654
-
7 677
-
total
8 654
-
7 677
-
Corporate
-
40 000
-
-
income
-
8 401
-
-
surtax
-
-
-
-
total
-
8 401
-
-
Dividends
-
31 599
-
-
withholding
-
8 848
-
-
total
-
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 783
17 249
17 309
16 529
After tax
20 217
22 751
22 691
23 471
Living cost
25 312
25 312
25 312
25 312
Free-cash
-5 095
-2 561
-2 620
-1 841

Estimated living cost  is ₽25312 per week

₽17927
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.
₽449
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5922
-₽10595
-₽10605
-₽19801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
360
income
-
-
-
5 611
other
-
-
-
39
unemployment
-
-
-
280
pensions
-
-
-
11 319
total
-
-
-
17 609
Employee
45 344
-
30 005
-
other
45
-
32
-
unemployment
702
-
486
-
pensions
2 131
-
1 473
-
income
9 471
-
5 613
-
total
12 349
-
7 604
-
Employer
45 344
-
30 005
-
pensions
10 701
-
7 399
-
accident
898
-
620
-
unemployment
2 494
-
1 725
-
other
363
-
251
-
total
14 456
-
9 995
-
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
-
6 925
-
-
total
-
6 925
-
-
Income
40 000
40 000
40 000
40 000
Total tax
26 805
12 926
17 599
17 609
After tax
13 195
27 074
22 401
22 391
Living cost
32 996
32 996
32 996
32 996
Free-cash
-19 801
-5 922
-10 595
-10 605

Estimated living cost  is ₽32996 per week

₽23697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
₽18049
₽9308
₽9092
₽12326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
unemployment
-
-
-
131
health
-
-
-
3 772
pensions

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

-
-
-
4 854
total
-
-
-
14 757
Employee
21 387
-
33 566
-
accident

We are using the highest rate at 1.1%.

235
-
361
-
pensions

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

1 878
-
2 880
-
income
2 139
-
3 356
-
health
984
-
1 509
-
total
5 236
-
8 106
-
Employer
21 387
-
33 566
-
health
1 476
-
2 263
-
pensions

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

2 357
-
3 614
-
accident

We are using the highest rate at 1.1%.

235
-
361
-
unemployment
128
-
197
-
total
4 196
-
6 435
-
Corporate
14 417
40 000
-
-
income
1 442
4 000
-
-
total
1 442
4 000
-
-
Dividends
12 975
36 000
-
-
withholding
649
1 800
-
-
total
649
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 523
5 800
14 541
14 757
After tax
28 477
34 200
25 459
25 243
Living cost
16 151
16 151
16 151
16 151
Free-cash
12 326
18 049
9 308
9 092

Estimated living cost  is ₽16151 per week

₽10682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽15457
-₽4818
-₽4818
-₽6715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
40 000
income

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

-
-
-
2 044
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.

-
-
-
112
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.

-
-
-
6 414
trade
-
-
-
-
total
-
-
-
8 570
Employee

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

46 715
-
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.

212
-
112
-
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.

3 841
-
2 044
-
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.

6 414
-
6 414
-
total
10 467
-
8 570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
6 001
-
-
surtax

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

-
330
-
-
chamber of commerce
-
201
-
-
trade
-
5 741
-
-
total
-
12 273
-
-
Dividends
-
27 728
-
-
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.

-
362
-
-
withholding
-
6 574
-
-
total
-
6 936
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 467
19 209
8 570
8 570
After tax
29 533
20 791
31 430
31 430
Living cost
36 248
36 248
36 248
36 248
Free-cash
-6 715
-15 457
-4 818
-4 818

Estimated living cost  is ₽36248 per week

₽25004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3900
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.
₽6817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽25482
-₽20965
-₽20965
-₽33442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 060
social contributions
-
-
-
2 422
total
-
-
-
7 482
Employee
73 441
-
40 000
-
income
13 858
-
5 060
-
social contributions
6 101
-
2 422
-
total
19 959
-
7 482
-
Employer
73 441
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
income
-
4 999
-
-
total
-
4 999
-
-
Dividends
-
35 001
-
-
withholding
-
7 000
-
-
total
-
7 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 959
11 999
7 482
7 482
After tax
20 041
28 001
32 518
32 518
Living cost
53 483
53 483
53 483
53 483
Free-cash
-33 442
-25 482
-20 965
-20 965

Estimated living cost  is ₽53483 per week

₽40689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽11983
-₽4533
-₽26487
-₽10188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 725
health

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

-
-
-
5 680
total
-
-
-
32 405
Employee
43 070
-
36 356
-
income
4 673
-
3 163
-
social contributions
4 315
-
3 644
-
total
8 988
-
6 807
-
Employer
43 070
-
36 356
-
social contributions
4 315
-
3 644
-
total
4 315
-
3 644
-
Corporate
-
40 000
-
-
income
-
14 001
-
-
total
-
14 001
-
-
Dividends
-
25 999
-
-
social contributions
2 803
3 900
-
-
total
2 803
3 900
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 106
17 901
10 451
32 405
After tax
23 894
22 099
29 549
7 595
Living cost
34 082
34 082
34 082
34 082
Free-cash
-10 188
-11 983
-4 533
-26 487

Estimated living cost  is ₽34082 per week

₽22449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽522
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽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
-₽5018
-₽8198
-₽4610
-₽13791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 595
pensions
-
-
-
2 027
total
-
-
-
9 622
Employee
48 026
-
36 106
-
pensions
3 666
-
2 236
-
income
8 746
-
6 698
-
health
626
-
382
-
total
13 038
-
9 316
-
Employer
48 026
-
36 106
-
health
913
-
687
-
pensions
4 852
-
3 207
-
total
5 765
-
3 894
-
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
18 803
10 030
13 210
9 622
After tax
21 197
29 970
26 790
30 378
Living cost
34 988
34 988
34 988
34 988
Free-cash
-13 791
-5 018
-8 198
-4 610

Estimated living cost  is ₽34988 per week

₽24001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3217
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₽19424
-₽1541
₽4785
-₽2916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
240
income
-
-
-
5 924
other
-
-
-
353
health
-
-
-
2 075
pensions
-
-
-
3 959
total
-
-
-
12 551
Employee
35 652
-
33 228
-
pensions
4 014
-
3 741
-
income
4 891
-
4 559
-
health
4 082
-
3 805
-
total
12 987
-
12 105
-
Employer
35 652
-
33 228
-
pensions
5 797
-
5 403
-
accident
595
-
555
-
unemployment
873
-
814
-
total
7 265
-
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
20 252
36 760
18 877
12 551
After tax
19 748
3 240
21 123
27 449
Living cost
22 664
22 664
22 664
22 664
Free-cash
-2 916
-19 424
-1 541
4 785

Estimated living cost  is ₽22664 per week

₽16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₽21313
₽11615
₽11615
₽16746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 698
unemployment
-
-
-
480
work injury
-
-
-
200
health insurance
-
-
-
2 960
pensions
-
-
-
7 360
total
-
-
-
15 698
Employee

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

20 298
-
40 000
-
health insurance
1 502
-
2 960
-
unemployment
244
-
480
-
work injury
101
-
200
-
pensions
3 735
-
7 360
-
income
2 030
-
4 698
-
total
7 612
-
15 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 702
40 000
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
19 702
40 000
-
-
withholding
2 955
6 000
-
-
total
2 955
6 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 567
6 000
15 698
15 698
After tax
29 433
34 000
24 302
24 302
Living cost
12 687
12 687
12 687
12 687
Free-cash
16 746
21 313
11 615
11 615

Estimated living cost  is ₽12687 per week

₽7860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽922
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.
₽3509
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₽16334
-₽17686
-₽15456
-₽39116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
social contributions
-
-
-
10 288
regional
-
-
-
544
municipal
-
-
-
267
national
-
-
-
6 954
total
-
-
-
18 053
Employee
79 116
-
40 000
-
municipal
472
-
239
-
national
13 370
-
6 099
-
regional
1 194
-
458
-
social contributions
26 677
-
13 487
-
total
41 713
-
20 283
-
Employer
79 116
-
40 000
-
total
-
-
-
-
Corporate
-
40 000
-
-
municipal
-
1 928
-
-
nationa
-
9 600
-
-
total
-
11 528
-
-
Dividends
-
28 472
-
-
withholding
-
7 403
-
-
total
-
7 403
-
-
Income
40 000
40 000
40 000
40 000
Total tax
41 713
18 931
20 283
18 053
After tax
-1 713
21 069
19 717
21 947
Living cost
37 403
37 403
37 403
37 403
Free-cash
-39 116
-16 334
-17 686
-15 456

Estimated living cost  is ₽37403 per week

₽26273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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