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
₽ 7030500

per

Your estimated

Best value All models

City

free-cash

Dresden , Germany

₽3104491

₽2604516

₽2061495

₽2356766

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

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.

1 993 748

trade

747 725

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.

335 428

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.

109 666

total

3 186 567

Employee

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

1 877 941

7 030 500

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.

335 428

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.

52 457

1 993 748

surtax

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

2 888

109 666

total

390 773

2 438 842

Employer

total

Corporate

5 152 559

7 030 500

trade

811 550

1 107 286

income

772 883

1 054 549

chamber of commerce

14 815

17 517

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.

42 488

57 955

total

1 641 736

2 237 307

Dividends

3 510 824

4 793 194

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.

47 239

64 849

withholding

859 069

1 179 682

total

906 308

1 244 531

Income

7 030 500

Total tax

2 938 817

3 481 838

2 438 842

3 186 567

After tax

4 091 683

3 548 662

4 591 658

3 843 933

Living cost

1 487 167

Free-cash

2 604 516

2 061 495

3 104 491

2 356 766

Estimated living cost is ₽1487167 per year

₽935472

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽173398

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27766

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽350523

Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.

₽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.

Reykjavik , Iceland

₽1687229

₽1796147

₽1838529

₽1632054

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

pensions

843 660

municipal

757 262

social contributions

75 578

national

1 173 443

total

2 849 943

Employee

3 950 651

6 077 804

national

756 152

1 215 617

municipal

487 970

784 478

pensions

158 026

243 112

total

1 402 148

2 243 207

Employer

3 950 651

6 077 804

pensions

316 052

486 224

social contributions

42 470

65 337

total

358 522

551 561

Corporate

2 460 584

7 030 500

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%.

492 117

1 406 100

total

492 117

1 406 100

Dividends

1 968 467

5 624 400

withholding

433 063

1 237 368

total

433 063

1 237 368

Income

7 030 500

Total tax

2 685 850

2 643 468

2 794 768

2 849 943

After tax

4 344 650

4 387 032

4 235 732

4 180 557

Living cost

2 548 503

Free-cash

1 796 147

1 838 529

1 687 229

1 632 054

Estimated living cost is ₽2548503 per year

₽1732190

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽236903

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽38144

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽541266

₽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.

Riga , Latvia

₽2917149

₽4200143

₽4602936

₽1206651

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

1 128 418

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.

1 881 193

microenterprise

surtax

1 792 771

total

4 802 382

Employee

1 434 696

5 665 680

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.

157 838

623 244

income

255 391

1 103 820

surtax

total

413 229

1 727 064

Employer

1 434 696

5 665 680

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.

345 584

1 364 820

surtax

total

345 584

1 364 820

Corporate

5 250 220

7 030 500

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%.

1 050 077

1 406 097

total

1 050 077

1 406 097

Dividends

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

4 200 143

5 624 403

total

Income

7 030 500

Total tax

1 808 890

1 406 097

3 091 884

4 802 382

After tax

5 221 610

5 624 403

3 938 616

2 228 118

Living cost

1 021 467

Free-cash

4 200 143

4 602 936

2 917 149

1 206 651

Estimated living cost is ₽1021467 per year

₽651663

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽97274

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23200

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽249335

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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Rotterdam , Netherlands

₽2160013

₽1099033

₽1399800

₽1937151

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 855 817

pensions

575 259

health

605 448

total

3 036 524

Employee

4 192 853

6 118 042

health

643 556

547 400

605 448

income

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

686 303

720 498

pensions

754 714

575 259

total

2 084 573

1 808 962

1 901 205

Employer

4 192 853

6 118 042

pensions

291 823

362 728

unemployment

150 943

187 560

health

291 450

362 169

total

734 216

912 457

Corporate

2 154 867

2 103 432

income

430 932

420 683

total

430 932

420 683

Dividends

1 723 934

1 682 749

income

366 362

357 604

withholding

258 559

252 410

total

624 921

610 014

Income

7 030 500

Total tax

3 874 642

3 573 875

2 813 662

3 036 524

After tax

3 155 858

3 456 625

4 216 838

3 993 976

Living cost

2 056 825

Free-cash

1 099 033

1 399 800

2 160 013

1 937 151

Estimated living cost is ₽2056825 per year

₽1457622

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽185417

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽32704

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽381084

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Stockholm , Sweden

₽1645104

₽1772423

₽1817788

₽1699559

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

514 655

pensions

478 776

unemployment

4 432

accident

8 855

municipal

1 713 880

health

276 366

national

313 114

total

3 310 078

Employee

2 879 542

5 638 904

national

291 416

municipal

858 679

1 681 521

total

858 679

1 972 937

Employer

2 879 542

5 638 904

other

334 607

514 655

accident

5 761

8 855

pensions

311 273

478 776

unemployment

76 018

116 924

health

177 091

272 386

total

904 750

1 391 596

Corporate

3 246 209

7 030 500

income

714 168

1 546 709

total

714 168

1 546 709

Dividends

2 532 041

5 483 791

withholding

759 617

1 645 140

total

759 617

1 645 140

Income

7 030 500

Total tax

3 237 214

3 191 849

3 364 533

3 310 078

After tax

3 793 286

3 838 651

3 665 967

3 720 422

Living cost

2 020 863

Free-cash

1 772 423

1 817 788

1 645 104

1 699 559

Estimated living cost is ₽2020863 per year

₽1339347

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽198303

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽30688

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽452528

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Hamburg , Germany

₽2662847

₽2273469

₽1583699

₽1881858

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

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.

1 993 748

trade

780 989

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.

335 428

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.

109 666

total

3 219 831

Employee

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

2 489 908

7 030 500

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.

335 428

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.

213 929

1 993 748

surtax

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

11 740

109 666

total

561 097

2 438 842

Employer

total

Corporate

4 540 592

7 030 500

trade

746 887

1 156 482

income

681 106

1 054 549

chamber of commerce

13 883

17 424

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.

37 456

57 955

total

1 479 332

2 286 410

Dividends

3 061 260

4 744 091

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.

41 090

64 197

withholding

746 701

1 167 383

total

787 791

1 231 580

Income

7 030 500

Total tax

2 828 220

3 517 990

2 438 842

3 219 831

After tax

4 202 280

3 512 510

4 591 658

3 810 669

Living cost

1 928 811

Free-cash

2 273 469

1 583 699

2 662 847

1 881 858

Estimated living cost is ₽1928811 per year

₽1290001

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽203400

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28791

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽406614

₽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

Limassol , Cyprus

₽3227596

₽3337914

₽3541502

₽3293844

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 170 458

social contributions

794 406

health

179 268

total

2 144 132

Employee

3 775 476

6 487 852

social contributions

183 461

313 346

422 640

health

37 549

64 197

110 319

income

396 458

349 498

1 134 772

total

617 468

727 041

1 667 731

Employer

3 775 476

6 487 852

social contributions

183 461

313 346

422 640

health

40 904

69 881

120 009

total

224 365

383 227

542 649

Corporate

4 596 144

2 871 797

income

574 514

359 001

total

574 514

359 001

Dividends

4 021 630

2 512 796

withholding

683 715

427 205

total

683 715

427 205

Income

7 030 500

Total tax

2 100 062

1 896 474

2 210 380

2 144 132

After tax

4 930 438

5 134 026

4 820 120

4 886 368

Living cost

1 592 524

Free-cash

3 337 914

3 541 502

3 227 596

3 293 844

Estimated living cost is ₽1592524 per year

₽1088651

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽124388

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽26741

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽352759

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Budapest , Hungary

₽3205840

₽3100631

₽3082513

₽4000586

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

859 479

pensions

703 050

unemployment

105 458

health

492 135

total

2 160 122

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.

1 255 564

499 696

5 883 264

health

87 889

34 979

411 828

unemployment

18 833

7 495

88 249

income

153 493

61 088

719 229

pensions

125 556

49 970

588 326

total

385 771

153 532

1 807 632

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.

1 255 564

499 696

5 883 264

pensions

244 835

97 441

1 147 236

total

244 835

97 441

1 147 236

Corporate

5 530 101

6 433 363

income

497 709

579 003

total

497 709

579 003

Dividends

5 032 392

5 854 361

withholding

956 155

1 112 328

social contributions

975 607

1 135 891

total

1 931 762

2 248 219

Income

7 030 500

Total tax

3 060 077

3 078 195

2 954 868

2 160 122

After tax

3 970 423

3 952 305

4 075 632

4 870 378

Living cost

869 792

Free-cash

3 100 631

3 082 513

3 205 840

4 000 586

Estimated living cost is ₽869792 per year

₽593557

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽71166

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽17379

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽187690

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Tallinn , Estonia

₽2866350

₽4133428

₽4438482

₽2582446

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

942 087

pensions

1 406 097

health

913 949

total

3 262 133

Employee

1 392 862

5 254 501

unemployment

22 269

84 043

income

156 813

1 013 086

pensions

27 859

105 101

total

206 941

1 202 230

Employer

1 392 862

5 254 501

pensions

278 592

1 050 915

unemployment

11 181

42 022

health

181 038

683 062

total

470 811

1 775 999

Corporate

5 166 828

7 030 500

income

1 033 399

1 406 097

total

1 033 399

1 406 097

Dividends

4 133 429

5 624 403

total

Income

7 030 500

Total tax

1 711 151

1 406 097

2 978 229

3 262 133

After tax

5 319 349

5 624 403

4 052 271

3 768 367

Living cost

1 185 921

Free-cash

4 133 428

4 438 482

2 866 350

2 582 446

Estimated living cost is ₽1185921 per year

₽813413

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽70626

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23853

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽278033

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Gdansk , Poland

₽2667499

₽402075

-₽521857

₽3720885

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

18 384

income

1 872 787

pensions

206 401

accident

12 526

health

108 185

total

2 218 283

Employee

1 716 722

6 227 411

health

196 564

713 048

income

235 519

1 377 070

pensions

193 307

378 461

total

625 390

2 468 579

Employer

1 716 722

6 227 411

accident

28 658

103 988

pensions

279 151

546 520

unemployment

42 058

152 582

total

349 867

803 090

Corporate

4 963 910

7 030 500

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.

4 467 510

6 327 439

total

4 467 510

6 327 439

Dividends

496 400

703 061

withholding

94 326

133 586

total

94 326

133 586

Income

7 030 500

Total tax

5 537 093

6 461 025

3 271 669

2 218 283

After tax

1 493 407

569 475

3 758 831

4 812 217

Living cost

1 091 332

Free-cash

402 075

-521 857

2 667 499

3 720 885

Estimated living cost is ₽1091332 per year

₽799854

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽60465

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽22778

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽208259

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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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.

Batumi , Georgia

₽5218216

₽6196632

₽6272787

₽6554006

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

7 030 500

microenterprise

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

70 305

total

70 305

Employee

507 720

7 030 500

income

101 531

1 406 095

total

101 531

1 406 095

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%.

6 522 780

7 030 500

total

Dividends

6 522 780

7 030 500

withholding

326 148

351 524

total

326 148

351 524

Income

7 030 500

Total tax

427 679

351 524

1 406 095

70 305

After tax

6 602 821

6 678 976

5 624 405

6 960 195

Living cost

406 189

Free-cash

6 196 632

6 272 787

5 218 216

6 554 006

Estimated living cost is ₽406189 per year

₽251724

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽33764

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽11165

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽109532

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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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.

Bratislava , Slovakia

₽2715096

₽3525436

₽3856952

₽2424391

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

333 937

income

967 248

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.

1 687 297

health

309 339

total

3 297 821

Employee

1 782 733

5 615 366

health

24 971

78 639

unemployment

17 796

56 184

income

306 917

1 064 056

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.

124 761

393 103

total

474 445

1 591 982

Employer

1 782 733

5 615 366

other

89 168

280 828

accident

14 256

44 910

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.

303 097

954 573

unemployment

17 796

56 184

health

24 971

78 639

total

449 288

1 415 134

Corporate

4 798 480

7 030 500

income

1 007 682

1 476 443

total

1 007 682

1 476 443

Dividends

3 790 798

5 554 057

withholding

265 361

388 817

total

265 361

388 817

Income

7 030 500

Total tax

2 196 776

1 865 260

3 007 116

3 297 821

After tax

4 833 724

5 165 240

4 023 384

3 732 679

Living cost

1 308 288

Free-cash

3 525 436

3 856 952

2 715 096

2 424 391

Estimated living cost is ₽1308288 per year

₽924384

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽88329

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽21057

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽274492

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

London , United Kingdom

₽815889

₽1252193

₽1458916

₽1461895

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 824 138

pensions

413 263

total

2 237 401

Employee

4 713 157

6 157 647

health

77 665

96 004

income

849 597

1 393 471

pensions

454 691

521 079

total

1 381 953

2 010 554

Employer

4 713 157

6 157 647

pensions

556 489

755 807

health

89 512

117 046

total

646 001

872 853

Corporate

1 671 343

7 030 500

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.

317 570

1 335 770

total

317 570

1 335 770

Dividends

1 353 772

5 694 730

withholding

101 579

904 610

total

101 579

904 610

Income

7 030 500

Total tax

2 447 103

2 240 380

2 883 407

2 237 401

After tax

4 583 397

4 790 120

4 147 093

4 793 099

Living cost

3 331 204

Free-cash

1 252 193

1 458 916

815 889

1 461 895

Estimated living cost is ₽3331204 per year

₽2496137

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽391396

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27095

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽416626

₽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.

Varna , Bulgaria

₽5131830

₽5138742

₽5366972

₽4873616

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 054 589

pensions

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

253 971

unemployment

6 864

health

197 342

total

1 512 766

Employee

852 900

6 693 827

accident

We are using the highest rate at 1.1%.

9 390

18 876

health

39 230

78 937

income

85 277

669 390

pensions

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

74 885

150 676

total

208 782

917 879

Employer

852 900

6 693 827

accident

We are using the highest rate at 1.1%.

9 390

18 876

pensions

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

94 000

189 096

unemployment

5 100

10 296

health

58 869

118 405

total

167 359

336 673

Corporate

6 010 240

7 030 500

income

601 035

703 043

total

601 035

703 043

Dividends

5 409 205

6 327 457

withholding

270 464

316 367

total

270 464

316 367

Income

7 030 500

Total tax

1 247 640

1 019 410

1 254 552

1 512 766

After tax

5 782 860

6 011 090

5 775 948

5 517 734

Living cost

644 118

Free-cash

5 138 742

5 366 972

5 131 830

4 873 616

Estimated living cost is ₽644118 per year

₽376046

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽45999

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽17065

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽205017

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Amsterdam , Netherlands

₽1494228

₽857566

₽734015

₽1271366

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 855 817

pensions

575 259

health

605 448

total

3 036 524

Employee

4 552 092

4 192 853

6 118 042

health

567 899

547 400

605 448

income

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

686 303

720 498

pensions

575 259

total

1 829 461

1 808 962

1 901 205

Employer

4 552 092

4 192 853

6 118 042

pensions

316 793

291 823

362 728

unemployment

163 894

150 943

187 560

health

316 327

291 450

362 169

total

797 014

734 216

912 457

Corporate

1 681 394

2 103 432

income

336 267

420 683

total

336 267

420 683

Dividends

1 345 127

1 682 749

income

285 859

357 604

withholding

201 723

252 410

total

487 582

610 014

Income

7 030 500

Total tax

3 450 324

3 573 875

2 813 662

3 036 524

After tax

3 580 176

3 456 625

4 216 838

3 993 976

Living cost

2 722 610

Free-cash

857 566

734 015

1 494 228

1 271 366

Estimated living cost is ₽2722610 per year

₽2008377

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽243185

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽31213

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽439877

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Brno , Czech Republic

₽2376528

₽3224347

₽3649307

₽2521016

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

655 095

social contributions

1 714 081

health

949 116

solidarity contribution

total

3 318 292

Employee

1 751 755

5 246 642

social contributions

113 864

341 032

solidarity contribution

health

236 488

708 297

income

210 211

629 596

total

560 563

1 678 925

Employer

1 751 755

5 246 642

social contributions

437 939

1 311 657

health

157 656

472 198

total

595 595

1 783 855

Corporate

4 683 149

7 030 500

income

889 799

1 335 795

total

889 799

1 335 795

Dividends

3 793 350

5 694 705

withholding

569 004

854 206

total

569 004

854 206

Income

7 030 500

Total tax

2 614 961

2 190 001

3 462 780

3 318 292

After tax

4 415 539

4 840 499

3 567 720

3 712 208

Living cost

1 191 192

Free-cash

3 224 347

3 649 307

2 376 528

2 521 016

Estimated living cost is ₽1191192 per year

₽827416

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽84741

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23427

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽255614

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Milan , Italy

₽1051251

₽1422924

₽1679238

₽1382915

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

regional

81 276

municipal

41 742

social contributions

1 808 238

national

1 644 530

total

3 575 786

Employee

4 363 612

7 030 500

social contributions

1 471 412

2 370 639

national

756 111

1 427 899

regional

41 174

71 642

municipal

23 107

37 270

total

2 291 804

3 907 450

Employer

4 363 612

7 030 500

total

Corporate

2 666 888

7 030 500

nationa

640 016

1 687 297

municipal

103 983

274 213

total

743 999

1 961 510

Dividends

1 922 889

5 068 990

withholding

499 974

1 317 953

total

499 974

1 317 953

Income

7 030 500

Total tax

3 535 777

3 279 463

3 907 450

3 575 786

After tax

3 494 723

3 751 037

3 123 050

3 454 714

Living cost

2 071 799

Free-cash

1 422 924

1 679 238

1 051 251

1 382 915

Estimated living cost is ₽2071799 per year

₽1444205

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽135848

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽31773

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽459909

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Thessaloniki , Greece

₽2074439

₽3185918

₽3338724

₽2252683

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

income

1 670 060

pensions

1 310 593

unemployment

11 181

health

465 220

surtax

237 315

total

3 694 369

Employee

1 623 674

5 807 957

health

41 463

148 054

unemployment

113 021

404 191

other

income

272 163

1 501 228

surtax

5 311

209 177

pensions

108 269

387 420

total

540 227

2 650 070

Employer

1 623 674

5 807 957

other

pensions

216 444

774 187

unemployment

51 432

184 113

health

73 887

264 243

total

341 763

1 222 543

Corporate

5 065 062

7 030 500

income

1 316 929

1 827 898

total

1 316 929

1 827 898

Dividends

3 748 134

5 202 602

withholding

562 215

780 430

total

562 215

780 430

Income

7 030 500

Total tax

2 761 134

2 608 328

3 872 613

3 694 369

After tax

4 269 366

4 422 172

3 157 887

3 336 131

Living cost

1 083 448

Free-cash

3 185 918

3 338 724

2 074 439

2 252 683

Estimated living cost is ₽1083448 per year

₽662471

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽99976

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽24971

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽296015

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details

Cambridge , United Kingdom

₽1871298

₽2599834

₽2514325

₽2517304

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 824 138

pensions

413 263

total

2 237 401

Employee

3 158 630

6 157 647

health

45 853

96 004

income

568 884

1 393 471

pensions

268 097

521 079

total

882 834

2 010 554

Employer

3 158 630

6 157 647

pensions

341 923

755 807

health

60 004

117 046

total

401 927

872 853

Corporate

3 469 943

7 030 500

income

659 274

1 335 770

total

659 274

1 335 770

Dividends

2 810 669

5 694 730

withholding

210 836

904 610

total

210 836

904 610

Income

7 030 500

Total tax

2 154 871

2 240 380

2 883 407

2 237 401

After tax

4 875 629

4 790 120

4 147 093

4 793 099

Living cost

2 275 795

Free-cash

2 599 834

2 514 325

1 871 298

2 517 304

Estimated living cost is ₽2275795 per year

₽1705008

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽170578

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23804

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽376368

₽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

Zurich , Switzerland

₽1568242

₽1005964

-₽645972

₽1909750

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

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.

140 609

pensions

646 819

regional

302 437

city

74 072

health

15 866

national

80 144

total

1 259 947

Employee

4 518 133

6 292 751

national

21 386

63 882

health

10 213

14 180

regional

147 946

258 708

city

48 489

67 627

unemployment

pensions

379 584

528 522

total

607 618

932 919

Employer

4 518 133

6 292 751

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.

90 335

125 834

pensions

379 584

528 522

unemployment

health

10 213

14 180

total

480 132

668 536

Corporate

1 982 556

7 030 500

regional

419 347

1 487 000

national

168 472

597 636

total

587 819

2 084 636

Dividends

1 394 737

4 945 864

withholding

488 164

1 731 033

total

488 164

1 731 033

Income

7 030 500

Total tax

2 163 733

3 815 669

1 601 455

1 259 947

After tax

4 866 767

3 214 831

5 429 045

5 770 553

Living cost

3 860 803

Free-cash

1 005 964

-645 972

1 568 242

1 909 750

Estimated living cost is ₽3860803 per year

₽2510627

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽346464

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽47398

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽956297

₽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.

Munich , Germany

₽2342410

₽2023194

₽1227018

₽1528158

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

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.

1 993 748

trade

814 252

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.

335 428

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.

109 666

total

3 253 094

Employee

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

2 950 759

7 030 500

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.

335 428

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.

346 982

1 993 748

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.

19 101

109 666

total

701 511

2 438 842

Employer

total

Corporate

4 079 741

7 030 500

trade

699 647

1 205 771

income

611 970

1 054 549

chamber of commerce

13 231

17 330

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.

33 636

57 955

total

1 358 484

2 335 605

Dividends

2 721 257

4 694 895

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.

36 431

63 545

withholding

661 632

1 155 084

total

698 063

1 218 629

Income

7 030 500

Total tax

2 758 058

3 554 234

2 438 842

3 253 094

After tax

4 272 442

3 476 266

4 591 658

3 777 406

Living cost

2 249 248

Free-cash

2 023 194

1 227 018

2 342 410

1 528 158

Estimated living cost is ₽2249248 per year

₽1642760

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽179920

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽29257

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽397389

₽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

Nice , France

₽2364970

₽2153564

₽1863511

₽2308243

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

217 935

income

969 546

pensions

1 407 886

health

246 726

social contributions

200 325

surtax

total

3 042 418

Employee

2 101 360

5 538 217

social contributions

59 911

157 838

income

124 015

990 697

surtax

pensions

237 595

344 840

total

421 521

1 493 375

Employer

2 101 360

5 538 217

other

72 490

198 871

pensions

345 212

587 776

unemployment

85 068

224 271

social contributions

6 336

16 585

health

147 123

464 813

total

656 229

1 492 316

Corporate

4 272 911

7 030 500

income

1 196 454

1 968 498

surtax

total

1 196 454

1 968 498

Dividends

3 076 458

5 062 002

surtax

withholding

393 755

647 936

social contributions

529 138

870 716

total

922 893

1 518 652

Income

7 030 500

Total tax

3 197 097

3 487 150

2 985 691

3 042 418

After tax

3 833 403

3 543 350

4 044 809

3 988 082

Living cost

1 679 839

Free-cash

2 153 564

1 863 511

2 364 970

2 308 243

Estimated living cost is ₽1679839 per year

₽1059208

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽136594

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28605

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽455530

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Marseille , France

₽2531404

₽2302762

₽2029945

₽2474677

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

217 935

income

969 546

pensions

1 407 886

health

246 726

social contributions

200 325

surtax

total

3 042 418

Employee

1 875 761

5 538 217

social contributions

53 482

157 838

income

96 715

990 697

surtax

pensions

212 158

344 840

total

362 355

1 493 375

Employer

1 875 761

5 538 217

other

64 756

198 871

pensions

308 221

587 776

unemployment

75 937

224 271

social contributions

5 590

16 585

health

131 283

464 813

total

585 787

1 492 316

Corporate

4 568 951

7 030 500

income

1 279 286

1 968 498

surtax

total

1 279 286

1 968 498

Dividends

3 289 665

5 062 002

surtax

withholding

421 056

647 936

social contributions

565 849

870 716

total

986 905

1 518 652

Income

7 030 500

Total tax

3 214 333

3 487 150

2 985 691

3 042 418

After tax

3 816 167

3 543 350

4 044 809

3 988 082

Living cost

1 513 405

Free-cash

2 302 762

2 029 945

2 531 404

2 474 677

Estimated living cost is ₽1513405 per year

₽877704

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽153738

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28698

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽453294

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Vilnius , Lithuania

₽3376386

₽3273615

₽3248179

₽3473847

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 054 549

social contributions

970 226

health

490 750

total

2 515 525

Employee

1 664 745

7 030 500

social contributions

229 768

970 226

health

116 189

490 750

income

277 660

1 152 010

total

623 617

2 612 986

Employer

1 664 745

7 030 500

total

Corporate

5 365 755

7 030 500

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%.

268 249

351 547

total

268 249

351 547

Dividends

5 097 506

6 678 953

withholding

764 590

1 001 812

social contributions

703 468

921 682

health

355 833

466 152

total

1 823 891

2 389 646

Income

7 030 500

Total tax

2 715 757

2 741 193

2 612 986

2 515 525

After tax

4 314 743

4 289 307

4 417 514

4 514 975

Living cost

1 041 128

Free-cash

3 273 615

3 248 179

3 376 386

3 473 847

Estimated living cost is ₽1041128 per year

₽696759

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽64197

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23946

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽256137

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Vienna , Austria

₽130003

₽2099337

₽2175367

₽1852146

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 609 403

chamber of commerce

28 139

pensions

1 061 165

unemployment

301 140

health

438 759

surtax

9 690

total

3 448 296

Employee

2 453 744

1 956 665

5 451 844

health

94 945

75 751

210 947

unemployment

73 608

58 700

163 521

other

24 505

19 567

54 507

income

279 337

144 327

1 288 138

pensions

251 292

200 325

558 302

total

723 687

498 670

2 275 415

Employer

2 453 744

1 956 665

5 451 844

other

116 561

92 895

258 932

accident

31 866

25 437

70 906

pensions

307 942

245 608

684 180

unemployment

73 608

58 700

163 521

payroll

73 608

58 700

163 521

surtax

9 690

health

92 709

73 981

206 102

chamber of commerce

9 783

7 827

21 803

total

715 767

572 838

1 578 655

Corporate

3 860 989

4 500 998

5 265 495

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.

965 288

1 125 269

1 316 369

total

965 288

1 125 269

1 316 369

Dividends

2 895 701

3 375 730

withholding

796 363

928 298

total

796 363

928 298

Income

7 030 500

Total tax

3 201 105

3 125 075

5 170 439

3 448 296

After tax

3 829 395

3 905 425

1 860 061

3 582 204

Living cost

1 730 058

Free-cash

2 099 337

2 175 367

130 003

1 852 146

Estimated living cost is ₽1730058 per year

₽1153873

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽147588

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28418

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽400185

₽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.

Brussels , Belgium

₽775364

₽1408717

₽2145029

₽1300472

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

social contributions

1 103 303

national

2 480 865

communal

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

355 647

total

3 939 815

Employee

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

3 512 078

5 445 415

national

1 079 753

1 884 175

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.

165 012

255 950

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.

30 561

47 333

communal

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

183 181

283 996

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.

263 404

408 384

total

1 721 911

2 879 838

Employer

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

3 512 078

5 445 415

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.

45 656

70 719

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.

311 203

482 458

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.

51 246

79 478

surtax

398 228

617 561

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.

215 979

334 869

total

1 022 312

1 585 085

Corporate

2 496 111

7 030 500

income

499 229

1 406 097

surtax

9 970

28 139

total

509 199

1 434 236

Dividends

1 986 913

5 596 265

withholding

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

578 148

1 661 022

total

578 148

1 661 022

Income

7 030 500

Total tax

3 831 570

3 095 258

4 464 923

3 939 815

After tax

3 198 930

3 935 242

2 565 577

3 090 685

Living cost

1 790 213

Free-cash

1 408 717

2 145 029

775 364

1 300 472

Estimated living cost is ₽1790213 per year

₽1153128

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽156533

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28046

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽452549

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Barcelona , Spain

₽1960489

₽2567802

₽2932627

₽2190444

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

4 566

income

1 701 600

pensions

1 287 858

unemployment

31 866

accident

40 997

total

3 066 887

Employee

2 444 025

5 579 680

unemployment

37 922

70 533

other

2 423

4 566

income

515 674

1 556 993

pensions

114 884

213 929

total

670 903

1 846 021

Employer

2 444 025

5 579 680

other

19 473

36 431

accident

48 358

90 100

pensions

576 750

1 074 023

unemployment

134 451

250 267

total

779 032

1 450 821

Corporate

3 807 442

7 030 500

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.

571 160

1 054 549

total

571 160

1 054 549

Dividends

3 236 283

5 975 951

withholding

668 434

1 270 155

total

668 434

1 270 155

Income

7 030 500

Total tax

2 689 529

2 324 704

3 296 842

3 066 887

After tax

4 340 971

4 705 796

3 733 658

3 963 613

Living cost

1 773 169

Free-cash

2 567 802

2 932 627

1 960 489

2 190 444

Estimated living cost is ₽1773169 per year

₽1305748

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽125786

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25530

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽316048

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Luxembourg , Luxembourg

₽1269086

₽990029

₽1529957

₽988911

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

973 454

pensions

1 053 804

accident

59 259

health

493 918

surtax

348 566

communal

444 349

total

3 373 350

Employee

3 718 223

6 279 979

health

165 478

279 524

income

359 143

1 175 829

surtax

227 905

384 904

pensions

297 413

502 397

total

1 049 939

2 342 654

Employer

3 718 223

6 279 979

accident

33 450

56 557

pensions

297 413

502 397

health

113 393

191 567

total

444 256

750 521

Corporate

2 868 021

7 030 500

income

430 187

1 054 549

communal

193 617

474 538

surtax

30 095

73 794

total

653 899

1 602 881

Dividends

2 214 123

5 427 619

income

892 064

415 264

withholding

332 074

814 159

total

1 224 138

1 229 423

Income

7 030 500

Total tax

3 372 232

2 832 304

3 093 175

3 373 350

After tax

3 658 268

4 198 196

3 937 325

3 657 150

Living cost

2 668 239

Free-cash

990 029

1 529 957

1 269 086

988 911

Estimated living cost is ₽2668239 per year

₽2001575

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽161658

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽28232

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽476681

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Athens , Greece

₽2055069

₽3163194

₽3319354

₽2233313

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

income

1 670 060

pensions

1 310 593

unemployment

11 181

health

465 220

surtax

237 315

total

3 694 369

Employee

1 653 479

5 807 957

health

42 208

148 054

unemployment

115 071

404 191

other

income

277 194

1 501 228

surtax

5 870

209 177

pensions

110 319

387 420

total

550 662

2 650 070

Employer

1 653 479

5 807 957

other

pensions

220 451

774 187

unemployment

52 457

184 113

health

75 192

264 243

total

348 100

1 222 543

Corporate

5 028 921

7 030 500

income

1 307 518

1 827 898

total

1 307 518

1 827 898

Dividends

3 721 403

5 202 602

withholding

558 208

780 430

total

558 208

780 430

Income

7 030 500

Total tax

2 764 488

2 608 328

3 872 613

3 694 369

After tax

4 266 012

4 422 172

3 157 887

3 336 131

Living cost

1 102 818

Free-cash

3 163 194

3 319 354

2 055 069

2 233 313

Estimated living cost is ₽1102818 per year

₽665825

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽95877

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25623

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽315582

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details

Naples , Italy

₽1777464

₽2263732

₽2372793

₽2107385

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

regional

105 986

municipal

41 742

social contributions

1 808 238

national

1 644 530

total

3 600 496

Employee

2 723 591

7 030 500

social contributions

918 421

2 370 639

national

431 491

1 427 899

regional

36 664

94 609

municipal

14 442

37 270

total

1 401 018

3 930 417

Employer

2 723 591

7 030 500

total

Corporate

4 306 909

7 030 500

nationa

1 033 678

1 687 297

municipal

214 022

349 404

total

1 247 700

2 036 701

Dividends

3 059 209

4 993 798

withholding

795 431

1 298 387

total

795 431

1 298 387

Income

7 030 500

Total tax

3 444 149

3 335 088

3 930 417

3 600 496

After tax

3 586 351

3 695 412

3 100 083

3 430 004

Living cost

1 322 619

Free-cash

2 263 732

2 372 793

1 777 464

2 107 385

Estimated living cost is ₽1322619 per year

₽822545

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽133985

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽22641

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽343441

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Prague , Czech Republic

₽2099857

₽2848980

₽3372636

₽2244345

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

655 095

social contributions

1 714 081

health

949 116

solidarity contribution

total

3 318 292

Employee

2 158 619

5 246 642

social contributions

140 310

341 032

solidarity contribution

health

291 414

708 297

income

259 033

629 596

total

690 757

1 678 925

Employer

2 158 619

5 246 642

social contributions

539 656

1 311 657

health

194 274

472 198

total

733 930

1 783 855

Corporate

4 137 950

7 030 500

income

786 209

1 335 795

total

786 209

1 335 795

Dividends

3 351 741

5 694 705

withholding

502 761

854 206

total

502 761

854 206

Income

7 030 500

Total tax

2 713 657

2 190 001

3 462 780

3 318 292

After tax

4 316 843

4 840 499

3 567 720

3 712 208

Living cost

1 467 863

Free-cash

2 848 980

3 372 636

2 099 857

2 244 345

Estimated living cost is ₽1467863 per year

₽1091595

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽81315

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25395

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽269557

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Graz , Austria

₽295211

₽2319986

₽2344212

₽2025462

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 609 403

chamber of commerce

28 139

pensions

1 061 165

unemployment

301 140

health

438 759

surtax

total

3 438 606

Employee

2 146 257

1 956 665

5 459 298

health

83 018

75 751

211 320

unemployment

64 384

58 700

163 801

other

21 430

19 567

54 600

income

191 194

144 327

1 290 653

pensions

219 799

200 325

559 047

total

579 825

498 670

2 279 421

Employer

2 146 257

1 956 665

5 459 298

other

101 933

92 895

259 305

accident

27 859

25 437

70 999

pensions

269 368

245 608

685 112

unemployment

64 384

58 700

163 801

payroll

64 384

58 700

163 801

surtax

health

81 155

73 981

206 382

chamber of commerce

8 572

7 827

21 803

total

617 655

563 148

1 571 203

Corporate

4 266 589

4 510 689

5 272 949

income

1 066 662

1 127 691

1 318 233

total

1 066 662

1 127 691

1 318 233

Dividends

3 199 927

3 382 997

withholding

879 940

930 347

total

879 940

930 347

Income

7 030 500

Total tax

3 144 082

3 119 856

5 168 857

3 438 606

After tax

3 886 418

3 910 644

1 861 643

3 591 894

Living cost

1 566 432

Free-cash

2 319 986

2 344 212

295 211

2 025 462

Estimated living cost is ₽1566432 per year

₽939665

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽159981

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27952

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽438852

₽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

Tbilisi , Georgia

₽4991433

₽5927307

₽6046004

₽6327223

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

7 030 500

microenterprise

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

70 305

total

70 305

Employee

791 225

7 030 500

income

158 253

1 406 095

total

158 253

1 406 095

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%.

6 239 275

7 030 500

total

Dividends

6 239 275

7 030 500

withholding

311 968

351 524

total

311 968

351 524

Income

7 030 500

Total tax

470 221

351 524

1 406 095

70 305

After tax

6 560 279

6 678 976

5 624 405

6 960 195

Living cost

632 972

Free-cash

5 927 307

6 046 004

4 991 433

6 327 223

Estimated living cost is ₽632972 per year

₽428337

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽26570

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽21226

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽156820

₽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

Ljubljana , Slovenia

₽2012790

₽3112830

₽3523582

₽2198859

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

1 528 402

pensions

1 283 945

unemployment

10 529

health

691 821

total

3 514 697

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.

2 171 168

6 083 381

health

140 228

392 917

unemployment

3 075

8 479

income

374 414

1 409 325

pensions

336 546

942 926

total

854 263

2 753 647

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.

2 171 168

6 083 381

pensions

192 126

538 362

unemployment

1 304

3 634

health

144 607

405 123

total

338 037

947 119

Corporate

4 521 295

7 030 500

income

859 069

1 335 750

total

859 069

1 335 750

Dividends

3 662 226

5 694 750

withholding

549 357

854 224

total

549 357

854 224

Income

7 030 500

Total tax

2 600 726

2 189 974

3 700 766

3 514 697

After tax

4 429 774

4 840 526

3 329 734

3 515 803

Living cost

1 316 944

Free-cash

3 112 830

3 523 582

2 012 790

2 198 859

Estimated living cost is ₽1316944 per year

₽903793

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽84416

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25530

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽303283

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Oslo , Norway

₽4276934

-₽261478

₽2167160

₽2748449

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 370 383

social contributions

801 474

total

2 171 857

Employee

3 025 718

social contributions

248 110

35 358

income

667 413

total

915 523

35 358

Employer

3 025 718

social contributions

4 266 261

608 014

total

4 266 261

608 014

Corporate

7 030 500

income

1 546 713

total

1 546 713

Dividends

5 483 787

income

1 206 433

total

1 206 433

Income

7 030 500

Total tax

5 181 784

2 753 146

643 372

2 171 857

After tax

1 848 716

4 277 354

6 387 128

4 858 643

Living cost

2 110 194

Free-cash

-261 478

2 167 160

4 276 934

2 748 449

Estimated living cost is ₽2110194 per year

₽1369176

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽198463

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽26891

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽515655

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Lisbon , Portugal

₽1795915

₽2409410

₽2458806

₽2280582

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

766 714

social contributions

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

2 443 129

surtax

total

3 209 843

Employee

2 258 171

5 681 240

social contributions

248 403

624 921

income

469 707

1 720 329

surtax

total

718 110

2 345 250

Employer

2 258 171

5 681 240

social contributions

536 312

1 349 260

total

536 312

1 349 260

Corporate

4 236 017

7 030 500

income

889 537

1 476 443

surtax

total

889 537

1 476 443

Dividends

3 346 480

5 554 057

withholding

937 056

1 555 176

total

937 056

1 555 176

Income

7 030 500

Total tax

3 081 015

3 031 619

3 694 510

3 209 843

After tax

3 949 485

3 998 881

3 335 990

3 820 657

Living cost

1 540 075

Free-cash

2 409 410

2 458 806

1 795 915

2 280 582

Estimated living cost is ₽1540075 per year

₽1152289

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽90845

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25716

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽271231

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Paris , France

₽1673395

₽1509443

₽1171936

₽1616668

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

217 935

income

969 546

pensions

1 407 886

health

246 726

social contributions

200 325

surtax

total

3 042 418

Employee

3 075 161

5 538 217

social contributions

87 584

157 838

income

268 315

990 697

surtax

pensions

347 820

344 840

total

703 719

1 493 375

Employer

3 075 161

5 538 217

other

106 126

198 871

pensions

505 285

587 776

unemployment

124 574

224 271

social contributions

9 224

16 585

health

215 233

464 813

total

960 442

1 492 316

Corporate

2 994 896

7 030 500

income

838 571

1 968 498

surtax

total

838 571

1 968 498

Dividends

2 156 325

5 062 002

surtax

withholding

275 983

647 936

social contributions

370 928

870 716

total

646 911

1 518 652

Income

7 030 500

Total tax

3 149 643

3 487 150

2 985 691

3 042 418

After tax

3 880 857

3 543 350

4 044 809

3 988 082

Living cost

2 371 414

Free-cash

1 509 443

1 171 936

1 673 395

1 616 668

Estimated living cost is ₽2371414 per year

₽1604931

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽193989

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽32518

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽539946

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Andorra , Andorra

₽3944457

₽4686592

₽4851510

₽3757641

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

social contributions

1 546 790

income

250 174

total

1 796 964

Employee

1 578 480

6 087 015

social contributions

102 585

395 712

income

270 951

total

102 585

666 663

Employer

1 578 480

6 087 015

social contributions

244 676

943 485

total

244 676

943 485

Corporate

5 207 344

7 030 500

income

520 752

703 095

total

520 752

703 095

Dividends

4 686 591

6 327 405

total

Income

7 030 500

Total tax

868 013

703 095

1 610 148

1 796 964

After tax

6 162 487

6 327 405

5 420 352

5 233 536

Living cost

1 475 895

Free-cash

4 686 592

4 851 510

3 944 457

3 757 641

Estimated living cost is ₽1475895 per year

₽954293

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽111250

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27766

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽382575

₽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.

Copenhagen , Denmark

-₽3662099

₽1876179

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

pensions

42 540

municipal

1 416 562

national

772 674

labour market

559 031

total

2 790 807

Employee

9 975 826

national

1 218 728

labour market

796 930

municipal

2 124 294

pensions

14 180

total

4 154 132

Employer

9 975 826

pensions

28 360

national

1 220 850

municipal

2 127 677

labour market

798 066

total

4 174 953

Corporate

income

total

Dividends

withholding

total

Income

7 030 500

Total tax

8 329 085

2 790 807

After tax

-1 298 585

4 239 693

Living cost

2 363 514

Free-cash

-3 662 099

1 876 179

Estimated living cost is ₽2363514 per year

₽1617614

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽209078

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽36348

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽500464

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Krakow , Poland

₽2683599

₽404533

-₽505757

₽3736985

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

18 384

income

1 872 787

pensions

206 401

accident

12 526

health

108 185

total

2 218 283

Employee

1 691 419

6 227 411

health

193 679

713 048

income

232 043

1 377 070

pensions

190 465

378 461

total

616 187

2 468 579

Employer

1 691 419

6 227 411

accident

28 243

103 988

pensions

275 020

546 520

unemployment

41 446

152 582

total

344 709

803 090

Corporate

4 994 372

7 030 500

income

4 494 945

6 327 439

total

4 494 945

6 327 439

Dividends

499 427

703 061

withholding

94 894

133 586

total

94 894

133 586

Income

7 030 500

Total tax

5 550 735

6 461 025

3 271 669

2 218 283

After tax

1 479 765

569 475

3 758 831

4 812 217

Living cost

1 075 232

Free-cash

404 533

-505 757

2 683 599

3 736 985

Estimated living cost is ₽1075232 per year

₽782650

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽61295

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽20177

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽211101

₽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

Helsinki , Finland

₽1905898

₽2696088

₽2620919

₽2869974

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

7 030 500

municipal

1 249 657

health

87 770

national

938 058

total

2 275 485

Employee

2 583 198

5 914 456

national

42 674

600 859

health

19 287

70 626

unemployment

38 761

88 702

municipal

423 105

964 077

pensions

174 330

399 253

total

698 157

2 123 517

Employer

2 583 198

5 914 456

accident

2 609

5 870

pensions

448 169

1 026 131

unemployment

16 771

38 481

health

19 846

45 562

total

487 395

1 116 044

Corporate

3 959 907

7 030 500

income

791 983

1 406 097

total

791 983

1 406 097

Dividends

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

2 375 942

4 218 303

municipal

427 671

759 279

national

44 165

359 164

total

471 836

1 118 443

Income

7 030 500

Total tax

2 449 371

2 524 540

3 239 561

2 275 485

After tax

4 581 129

4 505 960

3 790 939

4 755 015

Living cost

1 885 041

Free-cash

2 696 088

2 620 919

1 905 898

2 869 974

Estimated living cost is ₽1885041 per year

₽1231301

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽181318

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽30002

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽442486

₽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.

Larnaca , Cyprus

₽3683343

₽3730118

₽3997249

₽3749591

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 170 458

social contributions

794 406

health

179 268

total

2 144 132

Employee

3 775 476

6 487 852

social contributions

142 743

313 346

422 640

health

29 257

64 197

110 319

income

411 086

349 498

1 134 772

total

583 086

727 041

1 667 731

Employer

3 775 476

6 487 852

social contributions

142 743

313 346

422 640

health

31 773

69 881

120 009

total

174 516

383 227

542 649

Corporate

5 136 121

2 871 797

income

641 972

359 001

total

641 972

359 001

Dividends

4 494 149

2 512 796

withholding

764 031

427 205

total

764 031

427 205

Income

7 030 500

Total tax

2 163 605

1 896 474

2 210 380

2 144 132

After tax

4 866 895

5 134 026

4 820 120

4 886 368

Living cost

1 136 777

Free-cash

3 730 118

3 997 249

3 683 343

3 749 591

Estimated living cost is ₽1136777 per year

₽681292

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽111530

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽25157

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽318843

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Podgorica , Montenegro

₽4072809

₽4792684

₽5042392

₽5057571

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

7 030 500

income

701 984

pensions

312 321

unemployment

1 398

health

177 684

total

1 193 387

Employee

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

1 126 990

6 550 651

health

95 783

395 992

unemployment

5 590

23 294

income

77 055

580 205

pensions

169 019

698 809

total

347 447

1 698 300

Employer

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

1 126 990

6 550 651

pensions

61 961

256 230

unemployment

5 590

23 294

health

48 451

200 325

total

116 002

479 849

Corporate

5 787 508

7 030 500

income

520 846

632 748

total

520 846

632 748

Dividends

5 266 662

6 397 752

withholding

473 979

575 818

total

473 979

575 818

Income

7 030 500

Total tax

1 458 274

1 208 566

2 178 149

1 193 387

After tax

5 572 226

5 821 934

4 852 351

5 837 113

Living cost

779 542

Free-cash

4 792 684

5 042 392

4 072 809

5 057 571

Estimated living cost is ₽779542 per year

₽497366

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽56184

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23200

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽202748

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Valencia , Spain

₽2383493

₽3124419

₽3355631

₽2613448

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

4 566

income

1 701 600

pensions

1 287 858

unemployment

31 866

accident

40 997

total

3 066 887

Employee

1 815 479

5 579 680

unemployment

28 139

70 533

other

1 770

4 566

income

350 010

1 556 993

pensions

85 348

213 929

total

465 267

1 846 021

Employer

1 815 479

5 579 680

other

14 535

36 431

accident

35 965

90 100

pensions

428 416

1 074 023

unemployment

99 883

250 267

total

578 799

1 450 821

Corporate

4 636 221

7 030 500

income

695 455

1 054 549

total

695 455

1 054 549

Dividends

3 940 767

5 975 951

withholding

816 395

1 270 155

total

816 395

1 270 155

Income

7 030 500

Total tax

2 555 916

2 324 704

3 296 842

3 066 887

After tax

4 474 584

4 705 796

3 733 658

3 963 613

Living cost

1 350 165

Free-cash

3 124 419

3 355 631

2 383 493

2 613 448

Estimated living cost is ₽1350165 per year

₽911340

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽129792

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23666

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽285394

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Istanbul , Turkey

₽4393119

₽4262972

₽4280477

₽4400698

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

2 389 176

pensions

77 723

health

56 349

total

2 523 248

Employee

162 293

6 943 062

health

8 115

19 431

unemployment

1 623

3 887

income

31 395

2 385 095

pensions

14 606

34 976

total

55 739

2 443 389

Employer

162 293

6 943 062

pensions

17 853

42 748

unemployment

3 247

7 772

health

15 419

36 918

total

36 519

87 438

Corporate

6 831 689

7 030 500

income

1 502 972

1 546 711

total

1 502 972

1 546 711

Dividends

5 328 718

5 483 789

withholding

1 065 744

1 096 758

total

1 065 744

1 096 758

Income

7 030 500

Total tax

2 660 974

2 643 469

2 530 827

2 523 248

After tax

4 369 526

4 387 031

4 499 673

4 507 252

Living cost

106 554

Free-cash

4 262 972

4 280 477

4 393 119

4 400 698

Estimated living cost is ₽106554 per year

₽63322

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽8638

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽2440

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽32154

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details

Belgrade , Serbia

₽3256556

₽3988473

₽4230129

₽3256555

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

1 552 460

pensions

943 758

unemployment

54 447

health

373 873

total

2 924 538

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.

1 280 850

6 380 760

health

65 963

186 936

unemployment

9 606

27 224

income

176 555

1 552 460

pensions

179 319

508 177

total

431 443

2 274 797

Employer

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.

1 280 850

6 380 760

pensions

153 702

435 580

unemployment

9 606

27 224

health

65 963

186 936

total

229 271

649 740

Corporate

5 520 378

7 030 500

income

828 057

1 054 575

total

828 057

1 054 575

Dividends

4 692 322

5 975 925

withholding

703 849

896 389

total

703 849

896 389

Income

7 030 500

Total tax

2 192 620

1 950 964

2 924 537

2 924 538

After tax

4 837 880

5 079 536

4 105 963

4 105 962

Living cost

849 407

Free-cash

3 988 473

4 230 129

3 256 556

3 256 555

Estimated living cost is ₽849407 per year

₽571907

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽65703

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽24579

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽187218

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Porto , Portugal

₽2012317

₽2657572

₽2675208

₽2496984

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

766 714

social contributions

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

2 443 129

surtax

total

3 209 843

Employee

1 905 641

5 681 240

social contributions

209 643

624 921

income

372 350

1 720 329

surtax

total

581 993

2 345 250

Employer

1 905 641

5 681 240

social contributions

452 549

1 349 260

total

452 549

1 349 260

Corporate

4 672 310

7 030 500

income

981 221

1 476 443

surtax

total

981 221

1 476 443

Dividends

3 691 090

5 554 057

withholding

1 033 492

1 555 176

total

1 033 492

1 555 176

Income

7 030 500

Total tax

3 049 255

3 031 619

3 694 510

3 209 843

After tax

3 981 245

3 998 881

3 335 990

3 820 657

Living cost

1 323 673

Free-cash

2 657 572

2 675 208

2 012 317

2 496 984

Estimated living cost is ₽1323673 per year

₽937522

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽91963

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23480

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽270765

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Madrid , Spain

₽2008103

₽2632094

₽2980241

₽2238058

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

4 566

income

1 701 600

pensions

1 287 858

unemployment

31 866

accident

40 997

total

3 066 887

Employee

2 371 254

5 579 680

unemployment

36 711

70 533

other

2 329

4 566

income

495 269

1 556 993

pensions

111 437

213 929

total

645 746

1 846 021

Employer

2 371 254

5 579 680

other

19 008

36 431

accident

46 960

90 100

pensions

559 606

1 074 023

unemployment

130 444

250 267

total

756 018

1 450 821

Corporate

3 903 228

7 030 500

income

585 509

1 054 549

total

585 509

1 054 549

Dividends

3 317 719

5 975 951

withholding

685 578

1 270 155

total

685 578

1 270 155

Income

7 030 500

Total tax

2 672 851

2 324 704

3 296 842

3 066 887

After tax

4 357 649

4 705 796

3 733 658

3 963 613

Living cost

1 725 555

Free-cash

2 632 094

2 980 241

2 008 103

2 238 058

Estimated living cost is ₽1725555 per year

₽1239221

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽134171

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽24319

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽327881

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Sofia , Bulgaria

₽4930845

₽4866588

₽5165987

₽4672631

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 054 589

pensions

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

253 971

unemployment

6 864

health

197 342

total

1 512 766

Employee

1 119 046

6 693 827

accident

We are using the highest rate at 1.1%.

12 298

18 876

health

51 481

78 937

income

111 923

669 390

pensions

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

98 242

150 676

total

273 944

917 879

Employer

1 119 046

6 693 827

accident

We are using the highest rate at 1.1%.

12 298

18 876

pensions

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

123 315

189 096

unemployment

6 721

10 296

health

77 221

118 405

total

219 555

336 673

Corporate

5 691 899

7 030 500

income

569 194

703 043

total

569 194

703 043

Dividends

5 122 705

6 327 457

withholding

256 116

316 367

total

256 116

316 367

Income

7 030 500

Total tax

1 318 809

1 019 410

1 254 552

1 512 766

After tax

5 711 691

6 011 090

5 775 948

5 517 734

Living cost

845 103

Free-cash

4 866 588

5 165 987

4 930 845

4 672 631

Estimated living cost is ₽845103 per year

₽558945

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽48382

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽20163

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽217648

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Berlin , Germany

₽2696080

₽2367639

₽1725294

₽2014788

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

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.

1 993 748

trade

681 292

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.

335 428

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.

109 666

total

3 120 134

Employee

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

2 442 978

7 030 500

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.

335 428

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.

200 884

1 993 748

surtax

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

11 088

109 666

total

547 400

2 438 842

Employer

total

Corporate

4 587 522

7 030 500

trade

658 278

1 008 894

income

688 094

1 054 549

chamber of commerce

14 163

17 796

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.

37 829

57 955

total

1 398 364

2 139 194

Dividends

3 189 159

4 891 306

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.

42 860

66 247

withholding

778 659

1 204 187

total

821 519

1 270 434

Income

7 030 500

Total tax

2 767 283

3 409 628

2 438 842

3 120 134

After tax

4 263 217

3 620 872

4 591 658

3 910 366

Living cost

1 895 578

Free-cash

2 367 639

1 725 294

2 696 080

2 014 788

Estimated living cost is ₽1895578 per year

₽1307611

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽203959

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27486

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽356486

₽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

Dublin , Ireland

₽1097553

₽2232919

₽2124417

₽1097553

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

social contributions

1 135 412

income

2 000 643

total

3 136 055

Employee

3 840 633

7 030 500

social contributions

319 076

1 135 412

income

724 711

2 000 643

total

1 043 787

3 136 055

Employer

3 840 633

7 030 500

total

Corporate

3 189 867

7 030 500

income

398 694

878 822

total

398 694

878 822

Dividends

2 791 173

6 151 678

withholding

558 208

1 230 369

total

558 208

1 230 369

Income

7 030 500

Total tax

2 000 689

2 109 191

3 136 055

After tax

5 029 811

4 921 309

3 894 445

Living cost

2 796 892

Free-cash

2 232 919

2 124 417

1 097 553

Estimated living cost is ₽2796892 per year

₽2127826

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽227905

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽26741

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽414440

₽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.

Sliema , Malta

₽3315198

₽2699686

₽2528152

₽3542916

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

health

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

307 662

income

1 397 618

total

1 705 280

Employee

2 252 369

6 804 645

social contributions

225 669

225 855

income

244 397

1 481 288

total

470 066

1 707 143

Employer

2 252 369

6 804 645

social contributions

225 669

225 855

total

225 669

225 855

Corporate

4 552 462

7 030 500

income

1 593 377

2 460 646

total

1 593 377

2 460 646

Dividends

2 959 085

4 569 854

social contributions

259 398

total

259 398

Income

7 030 500

Total tax

2 548 510

2 720 044

1 932 998

1 705 280

After tax

4 481 990

4 310 456

5 097 502

5 325 220

Living cost

1 782 304

Free-cash

2 699 686

2 528 152

3 315 198

3 542 916

Estimated living cost is ₽1782304 per year

₽1173999

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽140507

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽27300

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽440436

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Edinburgh , United Kingdom

₽2296950

₽3136389

₽2939977

₽2942956

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

income

1 824 138

pensions

413 263

total

2 237 401

Employee

2 539 584

6 157 647

health

33 128

96 004

income

462 479

1 393 471

pensions

193 833

521 079

total

689 440

2 010 554

Employer

2 539 584

6 157 647

pensions

256 579

755 807

health

48 266

117 046

total

304 845

872 853

Corporate

4 186 071

7 030 500

income

795 407

1 335 770

total

795 407

1 335 770

Dividends

3 390 664

5 694 730

withholding

254 276

904 610

total

254 276

904 610

Income

7 030 500

Total tax

2 043 968

2 240 380

2 883 407

2 237 401

After tax

4 986 532

4 790 120

4 147 093

4 793 099

Living cost

1 850 143

Free-cash

3 136 389

2 939 977

2 296 950

2 942 956

Estimated living cost is ₽1850143 per year

₽1269185

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽170139

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23146

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽387557

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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Additional information

Warsaw , Poland

₽2577141

₽388226

-₽612215

₽3630527

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

other

18 384

income

1 872 787

pensions

206 401

accident

12 526

health

108 185

total

2 218 283

Employee

1 858 845

6 227 411

health

212 828

713 048

income

255 018

1 377 070

pensions

209 309

378 461

total

677 155

2 468 579

Employer

1 858 845

6 227 411

accident

31 041

103 988

pensions

302 235

546 520

unemployment

45 534

152 582

total

378 810

803 090

Corporate

4 792 845

7 030 500

income

4 313 551

6 327 439

total

4 313 551

6 327 439

Dividends

479 294

703 061

withholding

91 068

133 586

total

91 068

133 586

Income

7 030 500

Total tax

5 460 584

6 461 025

3 271 669

2 218 283

After tax

1 569 916

569 475

3 758 831

4 812 217

Living cost

1 181 690

Free-cash

388 226

-612 215

2 577 141

3 630 527

Estimated living cost is ₽1181690 per year

₽867226

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽68859

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽23805

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽221791

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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Additional information

Skopje , Macedonia

₽4153009

₽5023259

₽5252982

₽3299240

S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

7 030 500

income

1 134 689

pensions

1 293 611

unemployment

84 367

health insurance

520 257

work injury

35 153

total

3 068 077

Employee

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

1 061 091

7 030 500

unemployment

12 733

47 111

health insurance

78 520

290 516

income

106 109

1 134 689

work injury

5 305

19 629

pensions

195 240

722 363

total

397 907

2 214 308

Employer

total

Corporate

5 969 409

7 030 500

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%.

59 695

70 306

total

59 695

70 306

Dividends

5 909 714

6 960 194

withholding

886 456

1 044 029

total

886 456

1 044 029

Income

7 030 500

Total tax

1 344 058

1 114 335

2 214 308

3 068 077

After tax

5 686 442

5 916 165

4 816 192

3 962 423

Living cost

663 183

Free-cash

5 023 259

5 252 982

4 153 009

3 299 240

Estimated living cost is ₽663183 per year

₽410852

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽48191

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽20689

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽183450

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Rome , Italy

₽1096206

₽1523877

₽1747253

₽1415505

S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

7 030 500

regional

159 282

municipal

46 960

social contributions

1 808 238

national

1 644 530

total

3 659 010

Employee

4 137 387

7 030 500

social contributions

1 395 102

2 370 639

national

699 182

1 427 899

regional

62 464

137 842

municipal

24 691

41 929

total

2 181 439

3 978 309

Employer

4 137 387

7 030 500

total

Corporate

2 893 113

7 030 500

nationa

694 336

1 687 297

municipal

139 482

338 876

total

833 818

2 026 173

Dividends

2 059 295

5 004 327

withholding

535 381

1 301 089

total

535 381

1 301 089

Income

7 030 500

Total tax

3 550 638

3 327 262

3 978 309

3 659 010

After tax

3 479 862

3 703 238

3 052 191

3 371 490

Living cost

1 955 985

Free-cash

1 523 877

1 747 253

1 096 206

1 415 505

Estimated living cost is ₽1955985 per year

₽1373951

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽134544

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽29536

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽417888

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

[[ place.name ]], [[ place.country ]]

[[ row[2] ]] ^{[[ row[0] ]]}

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

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[[ source.content ]] ([[ source.language ]])
Last time retrieved: [[ source.date ]]

[[ row[2] ]] ^{[[ row[0] ]]}

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

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[[ source.content ]] ([[ source.language ]])
Last time retrieved: [[ source.date ]]

My average income is &#8381; 7030500 per year

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Your estimated [[ filt ]] in[[ place.name ]], [[ place.country ]]

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[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

average income is
₽ 7030500

per

Your estimated [[ filt ]] in
[[ place.name ]], [[ place.country ]]