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
₽ 78500
per

Your estimated
City
free-cash

Dresden , Germany
₽8982
₽20218
₽22417
₽27341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
trade
-
-
-
4 924
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.

-
-
-
12 743
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 941
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.

-
-
-
700
total
-
-
-
25 308
Employee

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

38 861
-
78 500
-
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.

6 941
-
6 941
-
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.

60
-
700
-
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.

1 086
-
12 743
-
total
8 087
-
20 384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 639
78 500
-
-
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.

328
648
-
-
income
5 946
11 775
-
-
trade
6 243
12 363
-
-
chamber of commerce
212
268
-
-
total
12 729
25 054
-
-
Dividends
26 909
53 446
-
-
surtax

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

349
713
-
-
withholding
6 342
12 976
-
-
total
6 691
13 689
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 507
38 743
20 384
25 308
After tax
50 993
39 757
58 116
53 192
Living cost
30 775
30 775
30 775
30 775
Free-cash
20 218
8 982
27 341
22 417

Estimated living cost  is ₽30775 per week

₽19358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-₽2284
-₽8186
-₽3158
-₽2543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
7 894
pensions
-
-
-
9 420
national
-
-
-
12 232
social contributions
-
-
-
844
total
-
-
-
30 390
Employee
79 474
-
67 863
-
municipal
9 816
-
8 198
-
pensions
3 179
-
2 715
-
national
15 211
-
12 703
-
total
28 206
-
23 616
-
Employer
79 474
-
67 863
-
social contributions
854
-
730
-
pensions
6 358
-
5 429
-
total
7 212
-
6 159
-
Corporate
-
78 500
-
-
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%.

-
15 700
-
-
total
-
15 700
-
-
Dividends
-
62 800
-
-
withholding
-
13 816
-
-
total
-
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 418
29 516
29 775
30 390
After tax
43 082
48 984
48 725
48 110
Living cost
51 268
51 268
51 268
51 268
Free-cash
-8 186
-2 284
-2 543
-3 158

Estimated living cost  is ₽51268 per week

₽34846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽767
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₽41661
₽33329
₽21031
₽23371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
microenterprise
-
-
-
-
income
-
-
-
11 094
surtax
-
-
-
-
social contributions

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

-
-
-
25 237
total
-
-
-
36 331
Employee
29 689
-
63 260
-
social contributions

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

3 266
-
6 959
-
surtax
-
-
-
-
income
5 285
-
11 792
-
total
8 551
-
18 751
-
Employer
29 689
-
63 260
-
social contributions

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

7 151
-
15 240
-
surtax
-
-
-
-
total
7 151
-
15 240
-
Corporate
41 659
78 500
-
-
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%.

8 331
15 701
-
-
total
8 331
15 701
-
-
Dividends

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

33 328
62 799
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 033
15 701
33 991
36 331
After tax
54 467
62 799
44 509
42 169
Living cost
21 138
21 138
21 138
21 138
Free-cash
33 329
41 661
23 371
21 031

Estimated living cost  is ₽21138 per week

₽13485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₽16691
-₽22395
₽2124
-₽22395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 052
pensions
-
-
-
11 904
health
-
-
-
10 857
total
-
-
-
33 813
Employee
86 765
86 765
86 765
-
health
13 318
11 328
13 318
-
income

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

14 202
14 202
14 202
-
pensions
15 618
11 904
15 618
-
total
43 138
37 434
43 138
-
Employer
86 765
86 765
86 765
-
unemployment
3 124
3 124
3 124
-
pensions
6 039
6 039
6 039
-
health
6 031
6 031
6 031
-
total
15 194
15 194
15 194
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
58 332
52 628
58 332
33 813
After tax
20 168
25 872
20 168
44 687
Living cost
42 563
42 563
42 563
42 563
Free-cash
-22 395
-16 691
-22 395
2 124

Estimated living cost  is ₽42563 per week

₽30164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽677
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₽3708
₽2828
-₽21
₽2766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
16 627
accident
-
-
-
157
pensions
-
-
-
8 486
other
-
-
-
9 122
unemployment
-
-
-
78
health
-
-
-
4 898
national
-
-
-
-
total
-
-
-
39 368
Employee
55 789
-
59 732
-
municipal
16 636
-
17 812
-
national
-
-
-
-
total
16 636
-
17 812
-
Employer
55 789
-
59 732
-
accident
112
-
120
-
other
6 483
-
6 941
-
unemployment
1 473
-
1 577
-
pensions
6 031
-
6 457
-
health
3 431
-
3 674
-
total
17 530
-
18 769
-
Corporate
5 182
78 500
-
-
income
1 140
17 270
-
-
total
1 140
17 270
-
-
Dividends
4 042
61 230
-
-
withholding
1 213
18 369
-
-
total
1 213
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 519
35 639
36 581
39 368
After tax
41 981
42 861
41 919
39 132
Living cost
39 153
39 153
39 153
39 153
Free-cash
2 828
3 708
2 766
-21

Estimated living cost  is ₽39153 per week

₽25949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽595
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-₽561
₽13714
₽13060
₽18202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
trade
-
-
-
5 142
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.

-
-
-
12 743
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 941
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.

-
-
-
700
total
-
-
-
25 526
Employee

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

51 525
-
78 500
-
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.

6 941
-
6 941
-
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.

243
-
700
-
income

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

4 427
-
12 743
-
total
11 611
-
20 384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 975
78 500
-
-
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.

222
648
-
-
income
4 047
11 775
-
-
trade
4 437
12 913
-
-
chamber of commerce
193
266
-
-
total
8 899
25 602
-
-
Dividends
18 076
52 898
-
-
surtax

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

228
706
-
-
withholding
4 134
12 839
-
-
total
4 362
13 545
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 872
39 147
20 384
25 526
After tax
53 628
39 353
58 116
52 974
Living cost
39 914
39 914
39 914
39 914
Free-cash
13 714
-561
18 202
13 060

Estimated living cost  is ₽39914 per week

₽26695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4209
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽596
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₽22571
₽20427
₽25454
₽23748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
5 844
health
-
-
-
2 001
social contributions
-
-
-
12 246
total
-
-
-
20 091
Employee
78 128
78 128
78 128
-
social contributions
3 796
6 484
5 915
-
health
777
1 328
1 211
-
income
8 204
7 232
7 437
-
total
12 777
15 044
14 563
-
Employer
78 128
78 128
78 128
-
social contributions
3 796
6 484
5 915
-
health
846
1 446
1 319
-
total
4 642
7 930
7 234
-
Corporate
28 124
-
-
-
income
3 515
-
-
-
total
3 515
-
-
-
Dividends
24 609
-
-
-
withholding
4 184
-
-
-
total
4 184
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 118
22 974
21 797
20 091
After tax
53 382
55 526
56 703
58 409
Living cost
32 955
32 955
32 955
32 955
Free-cash
20 427
22 571
23 748
25 454

Estimated living cost  is ₽32955 per week

₽22528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₽25902
₽26284
₽35977
₽27103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
9 597
pensions
-
-
-
7 850
unemployment
-
-
-
1 177
health
-
-
-
5 495
total
-
-
-
24 119
Employee

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

The minimum wage is 138,000 HUF per month.

26 567
10 573
65 690
-
health
1 860
740
4 598
-
income
3 248
1 293
8 031
-
pensions
2 657
1 057
6 569
-
unemployment
399
159
985
-
total
8 164
3 249
20 183
-
Employer

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

The minimum wage is 138,000 HUF per month.

26 567
10 573
65 690
-
pensions
5 181
2 062
12 810
-
total
5 181
2 062
12 810
-
Corporate
46 753
65 865
-
-
income
4 208
5 928
-
-
total
4 208
5 928
-
-
Dividends
42 545
59 937
-
-
social contributions
8 175
11 567
-
-
withholding
8 084
11 388
-
-
total
16 259
22 955
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 812
34 194
32 993
24 119
After tax
44 688
44 306
45 507
54 381
Living cost
18 404
18 404
18 404
18 404
Free-cash
26 284
25 902
27 103
35 977

Estimated living cost  is ₽18404 per week

₽12559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽368
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₽38258
₽31948
₽17534
₽20704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
10 518
pensions
-
-
-
15 701
health
-
-
-
10 206
total
-
-
-
36 425
Employee
28 823
-
58 669
-
income
3 245
-
11 310
-
pensions
577
-
1 174
-
unemployment
461
-
939
-
total
4 283
-
13 423
-
Employer
28 823
-
58 669
-
unemployment
231
-
469
-
pensions
5 765
-
11 735
-
health
3 746
-
7 628
-
total
9 742
-
19 832
-
Corporate
39 934
78 500
-
-
income
7 986
15 701
-
-
total
7 986
15 701
-
-
Dividends
31 948
62 799
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 011
15 701
33 255
36 425
After tax
56 489
62 799
45 245
42 075
Living cost
24 541
24 541
24 541
24 541
Free-cash
31 948
38 258
20 704
17 534

Estimated living cost  is ₽24541 per week

₽16833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽494
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5754
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₽15834
₽2954
₽31827
₽17497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
255
income
-
-
-
17 454
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
24 480
Employee
34 910
-
65 210
-
health
3 997
-
7 467
-
income
4 789
-
10 711
-
pensions
3 931
-
7 342
-
total
12 717
-
25 520
-
Employer
34 910
-
65 210
-
accident
583
-
1 089
-
unemployment
855
-
1 598
-
pensions
5 677
-
10 603
-
total
7 115
-
13 290
-
Corporate
36 475
78 500
-
-
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.

32 828
70 650
-
-
total
32 828
70 650
-
-
Dividends
3 647
7 850
-
-
withholding
693
1 491
-
-
total
693
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
53 353
72 141
38 810
24 480
After tax
25 147
6 359
39 690
54 020
Living cost
22 193
22 193
22 193
22 193
Free-cash
2 954
-15 834
17 497
31 827

Estimated living cost  is ₽22193 per week

₽16265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₽65314
₽63578
₽68454
₽53539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
11 576
-
78 500
-
income
2 315
-
15 700
-
total
2 315
-
15 700
-
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%.

66 924
78 500
-
-
total
-
-
-
-
Dividends
66 924
78 500
-
-
withholding
3 346
3 925
-
-
total
3 346
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 661
3 925
15 700
785
After tax
72 839
74 575
62 800
77 715
Living cost
9 261
9 261
9 261
9 261
Free-cash
63 578
65 314
53 539
68 454

Estimated living cost  is ₽9261 per week

₽5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₽30602
₽23740
₽15435
₽18938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
9 970
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.

-
-
-
18 840
other
-
-
-
3 729
health
-
-
-
3 453
total
-
-
-
35 992
Employee
36 891
-
62 699
-
health
517
-
877
-
income
6 351
-
10 794
-
pensions

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

2 582
-
4 390
-
unemployment
368
-
627
-
total
9 818
-
16 688
-
Employer
36 891
-
62 699
-
accident
295
-
501
-
other
1 845
-
3 135
-
unemployment
368
-
627
-
pensions

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

6 272
-
10 661
-
health
517
-
877
-
total
9 297
-
15 801
-
Corporate
32 311
78 500
-
-
income
6 785
16 485
-
-
total
6 785
16 485
-
-
Dividends
25 526
62 015
-
-
withholding
1 787
4 340
-
-
total
1 787
4 340
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 687
20 825
32 489
35 992
After tax
50 813
57 675
46 011
42 508
Living cost
27 073
27 073
27 073
27 073
Free-cash
23 740
30 602
18 938
15 435

Estimated living cost  is ₽27073 per week

₽19129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽436
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₽9593
-₽31554
-₽9895
-₽18475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 629
pensions
-
-
-
5 357
total
-
-
-
19 986
Employee
96 788
-
69 516
-
health
1 595
-
1 036
-
income
17 447
-
12 482
-
pensions
9 337
-
6 064
-
total
28 379
-
19 582
-
Employer
96 788
-
69 516
-
pensions
11 428
-
7 664
-
health
1 838
-
1 320
-
total
13 266
-
8 984
-
Corporate
-
78 500
-
-
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.

-
14 915
-
-
total
-
14 915
-
-
Dividends
-
63 585
-
-
withholding
-
4 769
-
-
total
-
4 769
-
-
Income
78 500
78 500
78 500
78 500
Total tax
41 645
19 684
28 566
19 986
After tax
36 855
58 816
49 934
58 514
Living cost
68 409
68 409
68 409
68 409
Free-cash
-31 554
-9 593
-18 475
-9 895

Estimated living cost  is ₽68409 per week

₽51260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽8038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽556
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₽53796
₽49076
₽43926
₽45922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
pensions

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

-
-
-
5 253
unemployment
-
-
-
142
health
-
-
-
4 082
total
-
-
-
21 252
Employee
17 641
-
71 537
-
health
811
-
1 633
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
income
1 764
-
7 154
-
pensions

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

1 549
-
3 116
-
total
4 318
-
12 293
-
Employer
17 641
-
71 537
-
accident

We are using the highest rate at 1.1%.

194
-
390
-
unemployment
105
-
213
-
pensions

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

1 944
-
3 911
-
health
1 218
-
2 449
-
total
3 461
-
6 963
-
Corporate
57 398
78 500
-
-
income
5 740
7 850
-
-
total
5 740
7 850
-
-
Dividends
51 658
70 650
-
-
withholding
2 583
3 532
-
-
total
2 583
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 102
11 382
19 256
21 252
After tax
62 398
67 118
59 244
57 248
Living cost
13 322
13 322
13 322
13 322
Free-cash
49 076
53 796
45 922
43 926

Estimated living cost  is ₽13322 per week

₽7778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽353
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₽30469
-₽32193
-₽11654
-₽36173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 052
pensions
-
-
-
11 904
health
-
-
-
10 857
total
-
-
-
33 813
Employee
94 199
86 765
86 765
-
health
11 752
11 328
13 318
-
income

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

14 202
14 202
14 202
-
pensions
11 904
11 904
15 618
-
total
37 858
37 434
43 138
-
Employer
94 199
86 765
86 765
-
unemployment
3 392
3 124
3 124
-
pensions
6 556
6 039
6 039
-
health
6 546
6 031
6 031
-
total
16 494
15 194
15 194
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
54 352
52 628
58 332
33 813
After tax
24 148
25 872
20 168
44 687
Living cost
56 341
56 341
56 341
56 341
Free-cash
-32 193
-30 469
-36 173
-11 654

Estimated living cost  is ₽56341 per week

₽41561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽5032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽646
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₽29773
₽21113
₽13959
₽15562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
6 747
health
-
-
-
10 598
solidarity contribution
-
-
-
-
social contributions
-
-
-
22 922
total
-
-
-
40 267
Employee
35 697
-
58 582
-
social contributions
2 320
-
3 808
-
health
4 819
-
7 909
-
solidarity contribution
-
-
-
-
income
4 284
-
7 030
-
total
11 423
-
18 747
-
Employer
35 697
-
58 582
-
social contributions
8 924
-
14 645
-
health
3 213
-
5 272
-
total
12 137
-
19 917
-
Corporate
30 666
78 500
-
-
income
5 827
14 915
-
-
total
5 827
14 915
-
-
Dividends
24 840
63 585
-
-
withholding
3 726
9 538
-
-
total
3 726
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 113
24 453
38 664
40 267
After tax
45 387
54 047
39 836
38 233
Living cost
24 274
24 274
24 274
24 274
Free-cash
21 113
29 773
15 562
13 959

Estimated living cost  is ₽24274 per week

₽16861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-₽990
-₽11799
-₽918
-₽4869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
467
regional
-
-
-
827
national
-
-
-
15 062
social contributions
-
-
-
20 189
total
-
-
-
36 545
Employee
90 299
-
78 500
-
social contributions
30 449
-
26 469
-
regional
852
-
720
-
municipal
478
-
416
-
national
15 647
-
12 891
-
total
47 426
-
40 496
-
Employer
90 299
-
78 500
-
total
-
-
-
-
Corporate
-
78 500
-
-
nationa
-
18 840
-
-
municipal
-
3 062
-
-
total
-
21 902
-
-
Dividends
-
56 598
-
-
withholding
-
14 715
-
-
total
-
14 715
-
-
Income
78 500
78 500
78 500
78 500
Total tax
47 426
36 617
40 496
36 545
After tax
31 074
41 883
38 004
41 955
Living cost
42 873
42 873
42 873
42 873
Free-cash
-11 799
-990
-4 869
-918

Estimated living cost  is ₽42873 per week

₽29886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽657
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₽26958
₽23794
₽20255
₽18513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
13 057
pensions
-
-
-
15 701
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
5 574
surtax
-
-
-
1 261
total
-
-
-
35 824
Employee
33 600
-
64 851
-
other
-
-
-
-
health
858
-
1 654
-
surtax
110
-
1 130
-
income
5 632
-
12 294
-
pensions
2 240
-
4 325
-
unemployment
2 339
-
4 514
-
total
11 179
-
23 917
-
Employer
33 600
-
64 851
-
other
-
-
-
-
unemployment
1 064
-
2 055
-
pensions
4 479
-
8 644
-
health
1 529
-
2 950
-
total
7 072
-
13 649
-
Corporate
37 828
78 500
-
-
income
9 835
20 409
-
-
total
9 835
20 409
-
-
Dividends
27 993
58 091
-
-
withholding
4 199
8 713
-
-
total
4 199
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 285
29 122
37 566
35 824
After tax
46 215
49 378
40 934
42 676
Living cost
22 420
22 420
22 420
22 420
Free-cash
23 794
26 958
18 513
20 255

Estimated living cost  is ₽22420 per week

₽13709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2069
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₽12081
₽4031
₽11779
₽3199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 629
pensions
-
-
-
5 357
total
-
-
-
19 986
Employee
64 865
-
69 516
-
health
942
-
1 036
-
income
11 682
-
12 482
-
pensions
5 506
-
6 064
-
total
18 130
-
19 582
-
Employer
64 865
-
69 516
-
pensions
7 022
-
7 664
-
health
1 232
-
1 320
-
total
8 254
-
8 984
-
Corporate
5 381
78 500
-
-
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.

1 023
14 915
-
-
total
1 023
14 915
-
-
Dividends
4 358
63 585
-
-
withholding
327
4 769
-
-
total
327
4 769
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 734
19 684
28 566
19 986
After tax
50 766
58 816
49 934
58 514
Living cost
46 735
46 735
46 735
46 735
Free-cash
4 031
12 081
3 199
11 779

Estimated living cost  is ₽46735 per week

₽35014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₽41718
-₽20982
-₽11529
-₽15546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
city
-
-
-
827
pensions
-
-
-
7 222
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.

-
-
-
1 571
regional
-
-
-
2 221
health
-
-
-
253
national
-
-
-
320
total
-
-
-
12 414
Employee
90 829
-
70 261
-
city
975
-
756
-
regional
2 974
-
1 884
-
health
205
-
157
-
pensions
7 631
-
5 903
-
unemployment
-
-
-
-
national
430
-
266
-
total
12 215
-
8 966
-
Employer
90 829
-
70 261
-
other

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

1 816
-
1 405
-
unemployment
-
-
-
-
pensions
7 631
-
5 903
-
health
205
-
157
-
total
9 652
-
7 465
-
Corporate
-
78 500
-
-
regional
-
16 603
-
-
national
-
6 672
-
-
total
-
23 275
-
-
Dividends
-
55 225
-
-
withholding
-
19 328
-
-
total
-
19 328
-
-
Income
78 500
78 500
78 500
78 500
Total tax
21 867
42 603
16 431
12 414
After tax
56 633
35 897
62 069
66 086
Living cost
77 615
77 615
77 615
77 615
Free-cash
-20 982
-41 718
-15 546
-11 529

Estimated living cost  is ₽77615 per week

₽50472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽953
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽19225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-₽7594
₽8880
₽6209
₽11571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
trade
-
-
-
5 362
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.

-
-
-
12 743
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 941
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.

-
-
-
700
total
-
-
-
25 746
Employee

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

61 062
-
78 500
-
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.

6 941
-
6 941
-
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.

395
-
700
-
income

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

7 180
-
12 743
-
total
14 516
-
20 384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 438
78 500
-
-
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.

145
648
-
-
income
2 616
11 775
-
-
trade
2 991
13 462
-
-
chamber of commerce
179
264
-
-
total
5 931
26 149
-
-
Dividends
11 507
52 351
-
-
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.

137
698
-
-
withholding
2 491
12 702
-
-
total
2 628
13 400
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 075
39 549
20 384
25 746
After tax
55 425
38 951
58 116
52 754
Living cost
46 545
46 545
46 545
46 545
Free-cash
8 880
-7 594
11 571
6 209

Estimated living cost  is ₽46545 per week

₽33995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽605
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₽4801
₽10804
₽10510
₽12045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
4 305
pensions
-
-
-
23 574
other
-
-
-
2 433
health
-
-
-
679
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
33 228
Employee
43 485
-
59 820
-
social contributions
1 240
-
1 704
-
surtax
-
-
-
-
income
2 566
-
4 541
-
pensions
4 917
-
6 766
-
total
8 723
-
13 011
-
Employer
43 485
-
59 820
-
other
1 500
-
2 063
-
social contributions
131
-
179
-
unemployment
1 760
-
2 424
-
pensions
7 144
-
9 828
-
health
3 045
-
4 188
-
total
13 580
-
18 682
-
Corporate
21 435
78 500
-
-
surtax
-
-
-
-
income
6 002
21 981
-
-
total
6 002
21 981
-
-
Dividends
15 433
56 519
-
-
surtax
-
-
-
-
social contributions
2 653
9 722
-
-
withholding
1 976
7 234
-
-
total
4 629
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 934
38 937
31 693
33 228
After tax
45 566
39 563
46 807
45 272
Living cost
34 762
34 762
34 762
34 762
Free-cash
10 804
4 801
12 045
10 510

Estimated living cost  is ₽34762 per week

₽21919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽592
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₽8245
₽13894
₽13954
₽15489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
4 305
pensions
-
-
-
23 574
other
-
-
-
2 433
health
-
-
-
679
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
33 228
Employee
38 816
-
59 820
-
social contributions
1 107
-
1 704
-
surtax
-
-
-
-
income
2 001
-
4 541
-
pensions
4 390
-
6 766
-
total
7 498
-
13 011
-
Employer
38 816
-
59 820
-
other
1 340
-
2 063
-
social contributions
116
-
179
-
unemployment
1 571
-
2 424
-
pensions
6 378
-
9 828
-
health
2 717
-
4 188
-
total
12 122
-
18 682
-
Corporate
27 562
78 500
-
-
surtax
-
-
-
-
income
7 716
21 981
-
-
total
7 716
21 981
-
-
Dividends
19 845
56 519
-
-
surtax
-
-
-
-
social contributions
3 413
9 722
-
-
withholding
2 539
7 234
-
-
total
5 952
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 288
38 937
31 693
33 228
After tax
45 212
39 563
46 807
45 272
Living cost
31 318
31 318
31 318
31 318
Free-cash
13 894
8 245
15 489
13 954

Estimated living cost  is ₽31318 per week

₽18163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3181
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽594
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₽26346
₽26874
₽28868
₽30200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
health
-
-
-
5 480
social contributions
-
-
-
10 832
total
-
-
-
28 087
Employee
34 450
-
78 500
-
social contributions
4 755
-
10 832
-
health
2 404
-
5 480
-
income
5 746
-
10 443
-
total
12 905
-
26 755
-
Employer
34 450
-
78 500
-
total
-
-
-
-
Corporate
44 050
78 500
-
-
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%.

2 202
3 926
-
-
total
2 202
3 926
-
-
Dividends
41 848
74 574
-
-
health
2 921
5 206
-
-
social contributions
5 775
10 290
-
-
withholding
6 278
11 187
-
-
total
14 974
26 683
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 081
30 609
26 755
28 087
After tax
48 419
47 891
51 745
50 413
Living cost
21 545
21 545
21 545
21 545
Free-cash
26 874
26 346
30 200
28 868

Estimated living cost  is ₽21545 per week

₽14418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₽8591
₽7022
₽6087
-₽8899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
chamber of commerce
-
-
-
314
income
-
-
-
9 336
pensions
-
-
-
14 523
unemployment
-
-
-
6 232
health
-
-
-
6 006
surtax
-
-
-
201
total
-
-
-
36 612
Employee
50 777
40 491
60 800
-
other
507
405
607
-
health
1 965
1 568
2 352
-
income
5 781
2 987
8 653
-
pensions
5 200
4 145
6 226
-
unemployment
1 523
1 215
1 824
-
total
14 976
10 320
19 662
-
Employer
50 777
40 491
60 800
-
accident
659
526
791
-
other
2 412
1 922
2 888
-
chamber of commerce
202
162
243
-
unemployment
1 523
1 215
1 824
-
surtax
201
201
201
-
pensions
6 372
5 083
7 630
-
payroll
1 523
1 215
1 824
-
health
1 918
1 531
2 298
-
total
14 810
11 855
17 699
-
Corporate
12 911
26 155
56 946
-
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.

3 228
6 538
14 237
-
total
3 228
6 538
14 237
-
Dividends
9 684
19 617
-
-
withholding
2 663
5 395
-
-
total
2 663
5 395
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 677
34 108
51 598
36 612
After tax
42 823
44 392
26 902
41 888
Living cost
35 801
35 801
35 801
35 801
Free-cash
7 022
8 591
-8 899
6 087

Estimated living cost  is ₽35801 per week

₽23878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽588
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₽7064
-₽15334
₽2115
-₽5059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
national
-
-
-
24 290
communal

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

-
-
-
4 051
social contributions
-
-
-
10 998
total
-
-
-
39 339
Employee

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

72 678
-
60 802
-
communal

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

3 791
-
3 172
-
health

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

3 415
-
2 857
-
pensions

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

5 451
-
4 560
-
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.

632
-
528
-
national
22 344
-
17 697
-
total
35 633
-
28 814
-
Employer

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

72 678
-
60 802
-
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.

945
-
791
-
unemployment

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

1 060
-
887
-
surtax
8 241
-
6 895
-
pensions

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

6 440
-
5 387
-
health

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

4 469
-
3 739
-
total
21 155
-
17 699
-
Corporate
-
78 500
-
-
surtax
-
314
-
-
income
-
15 701
-
-
total
-
16 015
-
-
Dividends
-
62 485
-
-
withholding

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

-
18 375
-
-
total
-
18 375
-
-
Income
78 500
78 500
78 500
78 500
Total tax
56 788
34 390
46 513
39 339
After tax
21 712
44 110
31 987
39 161
Living cost
37 046
37 046
37 046
37 046
Free-cash
-15 334
7 064
-5 059
2 115

Estimated living cost  is ₽37046 per week

₽23862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽580
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₽16252
₽8126
₽5308
₽5864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
706
income
-
-
-
12 948
pensions
-
-
-
22 216
other
-
-
-
79
unemployment
-
-
-
550
total
-
-
-
36 499
Employee
50 576
-
59 523
-
other
50
-
60
-
income
10 671
-
13 185
-
pensions
2 377
-
2 798
-
unemployment
785
-
924
-
total
13 883
-
16 967
-
Employer
50 576
-
59 523
-
accident
1 001
-
1 178
-
other
403
-
476
-
unemployment
2 782
-
3 274
-
pensions
11 935
-
14 048
-
total
16 121
-
18 976
-
Corporate
11 803
78 500
-
-
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.

1 770
11 775
-
-
total
1 770
11 775
-
-
Dividends
10 033
66 725
-
-
withholding
1 907
13 780
-
-
total
1 907
13 780
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 681
25 555
35 943
36 499
After tax
44 819
52 945
42 557
42 001
Living cost
36 693
36 693
36 693
36 693
Free-cash
8 126
16 252
5 864
5 308

Estimated living cost  is ₽36693 per week

₽27021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₽6574
-₽7637
-₽8047
-₽3990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
661
income
-
-
-
4 537
pensions
-
-
-
11 765
health
-
-
-
5 516
surtax
-
-
-
3 891
communal
-
-
-
4 961
total
-
-
-
31 331
Employee
76 944
-
70 122
-
health
3 424
-
3 120
-
surtax
4 716
-
4 298
-
income
7 432
-
5 870
-
pensions
6 155
-
5 609
-
total
21 727
-
18 897
-
Employer
76 944
-
70 122
-
accident
692
-
630
-
pensions
6 155
-
5 609
-
health
2 347
-
2 138
-
total
9 194
-
8 377
-
Corporate
-
78 500
-
-
surtax
-
823
-
-
communal
-
5 298
-
-
income
-
11 775
-
-
total
-
17 896
-
-
Dividends
-
60 603
-
-
income
-
2 871
-
-
withholding
-
9 091
-
-
total
-
11 962
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 921
29 858
27 274
31 331
After tax
47 579
48 642
51 226
47 169
Living cost
55 216
55 216
55 216
55 216
Free-cash
-7 637
-6 574
-3 990
-8 047

Estimated living cost  is ₽55216 per week

₽41420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽584
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₽26557
₽23323
₽19855
₽18113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
13 057
pensions
-
-
-
15 701
other
-
-
-
-
unemployment
-
-
-
231
health
-
-
-
5 574
surtax
-
-
-
1 261
total
-
-
-
35 824
Employee
34 217
-
64 851
-
other
-
-
-
-
health
873
-
1 654
-
surtax
121
-
1 130
-
income
5 736
-
12 294
-
pensions
2 283
-
4 325
-
unemployment
2 381
-
4 514
-
total
11 394
-
23 917
-
Employer
34 217
-
64 851
-
other
-
-
-
-
unemployment
1 086
-
2 055
-
pensions
4 562
-
8 644
-
health
1 556
-
2 950
-
total
7 204
-
13 649
-
Corporate
37 080
78 500
-
-
income
9 641
20 409
-
-
total
9 641
20 409
-
-
Dividends
27 439
58 091
-
-
withholding
4 117
8 713
-
-
total
4 117
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 356
29 122
37 566
35 824
After tax
46 144
49 378
40 934
42 676
Living cost
22 821
22 821
22 821
22 821
Free-cash
23 323
26 557
18 113
19 855

Estimated living cost  is ₽22821 per week

₽13778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽530
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₽13891
₽11635
₽14227
₽10298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
467
regional
-
-
-
1 185
national
-
-
-
15 062
social contributions
-
-
-
20 189
total
-
-
-
36 903
Employee
56 361
-
78 500
-
social contributions
19 005
-
26 469
-
regional
759
-
1 056
-
municipal
299
-
416
-
national
8 929
-
12 891
-
total
28 992
-
40 832
-
Employer
56 361
-
78 500
-
total
-
-
-
-
Corporate
22 139
78 500
-
-
nationa
5 314
18 840
-
-
municipal
1 101
3 901
-
-
total
6 415
22 741
-
-
Dividends
15 724
55 760
-
-
withholding
4 088
14 498
-
-
total
4 088
14 498
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 495
37 239
40 832
36 903
After tax
39 005
41 261
37 668
41 597
Living cost
27 370
27 370
27 370
27 370
Free-cash
11 635
13 891
10 298
14 227

Estimated living cost  is ₽27370 per week

₽17021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽469
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₽24135
₽13465
₽8321
₽9924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
6 747
health
-
-
-
10 598
solidarity contribution
-
-
-
-
social contributions
-
-
-
22 922
total
-
-
-
40 267
Employee
43 988
-
58 582
-
social contributions
2 859
-
3 808
-
health
5 938
-
7 909
-
solidarity contribution
-
-
-
-
income
5 278
-
7 030
-
total
14 075
-
18 747
-
Employer
43 988
-
58 582
-
social contributions
10 997
-
14 645
-
health
3 959
-
5 272
-
total
14 956
-
19 917
-
Corporate
19 557
78 500
-
-
income
3 716
14 915
-
-
total
3 716
14 915
-
-
Dividends
15 841
63 585
-
-
withholding
2 376
9 538
-
-
total
2 376
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 123
24 453
38 664
40 267
After tax
43 377
54 047
39 836
38 233
Living cost
29 912
29 912
29 912
29 912
Free-cash
13 465
24 135
9 924
8 321

Estimated living cost  is ₽29912 per week

₽22244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽517
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₽12088
₽11588
₽9674
-₽5471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
chamber of commerce
-
-
-
314
income
-
-
-
9 336
pensions
-
-
-
14 523
unemployment
-
-
-
6 232
health
-
-
-
6 006
surtax
-
-
-
-
total
-
-
-
36 411
Employee
44 414
40 491
60 958
-
other
443
405
609
-
health
1 718
1 568
2 360
-
income
3 957
2 987
8 700
-
pensions
4 548
4 145
6 241
-
unemployment
1 332
1 215
1 828
-
total
11 998
10 320
19 738
-
Employer
44 414
40 491
60 958
-
accident
577
526
792
-
other
2 109
1 922
2 896
-
chamber of commerce
177
162
243
-
unemployment
1 332
1 215
1 828
-
surtax
-
-
-
-
pensions
5 574
5 083
7 651
-
payroll
1 332
1 215
1 828
-
health
1 679
1 531
2 304
-
total
12 780
11 654
17 542
-
Corporate
21 305
26 356
57 102
-
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.

5 325
6 588
14 276
-
total
5 325
6 588
14 276
-
Dividends
15 979
19 767
-
-
withholding
4 394
5 435
-
-
total
4 394
5 435
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 497
33 997
51 556
36 411
After tax
44 003
44 503
26 944
42 089
Living cost
32 415
32 415
32 415
32 415
Free-cash
11 588
12 088
-5 471
9 674

Estimated living cost  is ₽32415 per week

₽19445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3311
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽578
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₽60143
₽57437
₽63283
₽48368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
18 040
-
78 500
-
income
3 608
-
15 700
-
total
3 608
-
15 700
-
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%.

60 460
78 500
-
-
total
-
-
-
-
Dividends
60 460
78 500
-
-
withholding
3 023
3 925
-
-
total
3 023
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
6 631
3 925
15 700
785
After tax
71 869
74 575
62 800
77 715
Living cost
14 432
14 432
14 432
14 432
Free-cash
57 437
60 143
48 368
63 283

Estimated living cost  is ₽14432 per week

₽9766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₽26794
₽18295
₽14375
₽12126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
14 695
pensions
-
-
-
14 336
unemployment
-
-
-
118
health
-
-
-
7 724
total
-
-
-
36 873
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

44 929
-
67 924
-
health
2 902
-
4 388
-
income
7 748
-
13 537
-
pensions
6 964
-
10 528
-
unemployment
64
-
94
-
total
17 678
-
28 547
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

44 929
-
67 924
-
unemployment
27
-
40
-
pensions
3 976
-
6 012
-
health
2 992
-
4 523
-
total
6 995
-
10 575
-
Corporate
26 575
78 500
-
-
income
5 050
14 916
-
-
total
5 050
14 916
-
-
Dividends
21 526
63 584
-
-
withholding
3 230
9 538
-
-
total
3 230
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 953
24 454
39 122
36 873
After tax
45 547
54 046
39 378
41 627
Living cost
27 252
27 252
27 252
27 252
Free-cash
18 295
26 794
12 126
14 375

Estimated living cost  is ₽27252 per week

₽18703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽528
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6276
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₽3859
-₽73202
₽10350
₽21215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
15 301
social contributions
-
-
-
8 949
total
-
-
-
24 250
Employee
62 947
-
-
-
social contributions
5 162
-
736
-
income
13 885
-
-
-
total
19 047
-
736
-
Employer
62 947
-
-
-
social contributions
88 755
-
12 649
-
total
88 755
-
12 649
-
Corporate
-
78 500
-
-
income
-
17 270
-
-
total
-
17 270
-
-
Dividends
-
61 230
-
-
income
-
13 471
-
-
total
-
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
107 802
30 741
13 385
24 250
After tax
-29 302
47 759
65 115
54 250
Living cost
43 900
43 900
43 900
43 900
Free-cash
-73 202
3 859
21 215
10 350

Estimated living cost  is ₽43900 per week

₽28484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4129
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽559
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₽12780
₽11758
₽12643
₽9497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
6 708
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
33 987
Employee
46 730
-
63 434
-
social contributions
5 140
-
6 978
-
surtax
-
-
-
-
income
9 720
-
15 089
-
total
14 860
-
22 067
-
Employer
46 730
-
63 434
-
social contributions
11 098
-
15 066
-
total
11 098
-
15 066
-
Corporate
20 672
78 500
-
-
surtax
-
-
-
-
income
4 340
16 485
-
-
total
4 340
16 485
-
-
Dividends
16 332
62 015
-
-
withholding
4 574
17 365
-
-
total
4 574
17 365
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 872
33 850
37 133
33 987
After tax
43 628
44 650
41 367
44 513
Living cost
31 870
31 870
31 870
31 870
Free-cash
11 758
12 780
9 497
12 643

Estimated living cost  is ₽31870 per week

₽23845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1880
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽532
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₽9510
-₽5010
-₽3801
-₽2266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
4 305
pensions
-
-
-
23 574
other
-
-
-
2 433
health
-
-
-
679
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
33 228
Employee
63 636
-
59 820
-
social contributions
1 812
-
1 704
-
surtax
-
-
-
-
income
5 552
-
4 541
-
pensions
7 198
-
6 766
-
total
14 562
-
13 011
-
Employer
63 636
-
59 820
-
other
2 196
-
2 063
-
social contributions
191
-
179
-
unemployment
2 578
-
2 424
-
pensions
10 456
-
9 828
-
health
4 454
-
4 188
-
total
19 875
-
18 682
-
Corporate
-
78 500
-
-
surtax
-
-
-
-
income
-
21 981
-
-
total
-
21 981
-
-
Dividends
-
56 519
-
-
surtax
-
-
-
-
social contributions
-
9 722
-
-
withholding
-
7 234
-
-
total
-
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 437
38 937
31 693
33 228
After tax
44 063
39 563
46 807
45 272
Living cost
49 073
49 073
49 073
49 073
Free-cash
-5 010
-9 510
-2 266
-3 801

Estimated living cost  is ₽49073 per week

₽33212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽673
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₽40109
₽36694
₽29940
₽32144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
748
social contributions
-
-
-
17 270
total
-
-
-
18 018
Employee
32 665
-
67 965
-
income
-
-
864
-
social contributions
2 123
-
4 417
-
total
2 123
-
5 281
-
Employer
32 665
-
67 965
-
social contributions
5 063
-
10 533
-
total
5 063
-
10 533
-
Corporate
40 772
78 500
-
-
income
4 078
7 849
-
-
total
4 078
7 849
-
-
Dividends
36 694
70 651
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
11 264
7 849
15 814
18 018
After tax
67 236
70 651
62 686
60 482
Living cost
30 542
30 542
30 542
30 542
Free-cash
36 694
40 109
32 144
29 940

Estimated living cost  is ₽30542 per week

₽19748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2302
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽575
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₽142848
-₽142848
₽730
-₽142848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
13 779
pensions
-
-
-
881
national
-
-
-
7 973
labour market
-
-
-
6 210
total
-
-
-
28 843
Employee
206 511
206 511
206 511
-
labour market
16 497
16 497
16 497
-
national
25 229
25 229
25 229
-
municipal
43 975
43 975
43 975
-
pensions
294
294
294
-
total
85 995
85 995
85 995
-
Employer
206 511
206 511
206 511
-
labour market
16 521
16 521
16 521
-
municipal
44 045
44 045
44 045
-
pensions
587
587
587
-
national
25 273
25 273
25 273
-
total
86 426
86 426
86 426
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
172 421
172 421
172 421
28 843
After tax
-93 921
-93 921
-93 921
49 657
Living cost
48 927
48 927
48 927
48 927
Free-cash
-142 848
-142 848
-142 848
730

Estimated living cost  is ₽48927 per week

₽33486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽752
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₽15506
₽3004
₽32155
₽17825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
255
income
-
-
-
17 454
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
24 480
Employee
34 396
-
65 210
-
health
3 939
-
7 467
-
income
4 719
-
10 711
-
pensions
3 873
-
7 342
-
total
12 531
-
25 520
-
Employer
34 396
-
65 210
-
accident
574
-
1 089
-
unemployment
843
-
1 598
-
pensions
5 593
-
10 603
-
total
7 010
-
13 290
-
Corporate
37 094
78 500
-
-
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.

33 385
70 650
-
-
total
33 385
70 650
-
-
Dividends
3 709
7 850
-
-
withholding
705
1 491
-
-
total
705
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
53 631
72 141
38 810
24 480
After tax
24 869
6 359
39 690
54 020
Living cost
21 865
21 865
21 865
21 865
Free-cash
3 004
-15 506
17 825
32 155

Estimated living cost  is ₽21865 per week

₽15916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1246
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽410
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₽14522
₽10350
₽19074
₽7600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
municipal
-
-
-
13 989
health
-
-
-
785
national
-
-
-
5 644
total
-
-
-
20 418
Employee
53 456
-
66 039
-
health
399
-
594
-
municipal
8 756
-
10 799
-
pensions
3 608
-
4 458
-
unemployment
802
-
991
-
national
883
-
2 588
-
total
14 448
-
19 430
-
Employer
53 456
-
66 039
-
accident
54
-
66
-
unemployment
347
-
430
-
pensions
9 274
-
11 457
-
health
411
-
509
-
total
10 086
-
12 462
-
Corporate
14 958
78 500
-
-
income
2 992
15 701
-
-
total
2 992
15 701
-
-
Dividends

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

8 974
47 099
-
-
national
-
791
-
-
municipal
1 616
8 478
-
-
total
1 616
9 269
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 142
24 970
31 892
20 418
After tax
49 358
53 530
46 608
58 082
Living cost
39 008
39 008
39 008
39 008
Free-cash
10 350
14 522
7 600
19 074

Estimated living cost  is ₽39008 per week

₽25480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽621
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₽32002
₽28540
₽34885
₽33179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
5 844
health
-
-
-
2 001
social contributions
-
-
-
12 246
total
-
-
-
20 091
Employee
78 128
78 128
78 128
-
social contributions
2 954
6 484
5 915
-
health
605
1 328
1 211
-
income
8 507
7 232
7 437
-
total
12 066
15 044
14 563
-
Employer
78 128
78 128
78 128
-
social contributions
2 954
6 484
5 915
-
health
657
1 446
1 319
-
total
3 611
7 930
7 234
-
Corporate
39 298
-
-
-
income
4 913
-
-
-
total
4 913
-
-
-
Dividends
34 386
-
-
-
withholding
5 846
-
-
-
total
5 846
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 436
22 974
21 797
20 091
After tax
52 064
55 526
56 703
58 409
Living cost
23 524
23 524
23 524
23 524
Free-cash
28 540
32 002
33 179
34 885

Estimated living cost  is ₽23524 per week

₽14098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽521
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₽48875
₽43702
₽45042
₽32365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78 500
income
-
-
-
7 157
pensions
-
-
-
6 463
unemployment
-
-
-
29
health
-
-
-
3 677
total
-
-
-
17 326
Employee

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

23 322
-
71 169
-
health
1 982
-
6 049
-
income
1 595
-
5 590
-
pensions
3 498
-
10 676
-
unemployment
116
-
357
-
total
7 191
-
22 672
-
Employer

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

23 322
-
71 169
-
unemployment
116
-
357
-
pensions
1 282
-
3 914
-
health
1 003
-
3 060
-
total
2 401
-
7 331
-
Corporate
52 778
78 500
-
-
income
4 751
7 065
-
-
total
4 751
7 065
-
-
Dividends
48 027
71 435
-
-
withholding
4 323
6 428
-
-
total
4 323
6 428
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 666
13 493
30 003
17 326
After tax
59 834
65 007
48 497
61 174
Living cost
16 132
16 132
16 132
16 132
Free-cash
43 702
48 875
32 365
45 042

Estimated living cost  is ₽16132 per week

₽10292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₽25005
₽19674
₽14061
₽14617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
706
income
-
-
-
12 948
pensions
-
-
-
22 216
other
-
-
-
79
unemployment
-
-
-
550
total
-
-
-
36 499
Employee
37 569
-
59 523
-
other
37
-
60
-
income
7 243
-
13 185
-
pensions
1 766
-
2 798
-
unemployment
582
-
924
-
total
9 628
-
16 967
-
Employer
37 569
-
59 523
-
accident
744
-
1 178
-
other
301
-
476
-
unemployment
2 067
-
3 274
-
pensions
8 866
-
14 048
-
total
11 978
-
18 976
-
Corporate
28 954
78 500
-
-
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.

4 342
11 775
-
-
total
4 342
11 775
-
-
Dividends
24 611
66 725
-
-
withholding
4 938
13 780
-
-
total
4 938
13 780
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 886
25 555
35 943
36 499
After tax
47 614
52 945
42 557
42 001
Living cost
27 940
27 940
27 940
27 940
Free-cash
19 674
25 005
14 617
14 061

Estimated living cost  is ₽27940 per week

₽18859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₽46203
₽45747
₽46610
₽46413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
25 609
pensions
-
-
-
2 029
health
-
-
-
1 471
total
-
-
-
29 109
Employee
4 236
-
76 218
-
health
212
-
507
-
income
820
-
25 502
-
pensions
381
-
913
-
unemployment
42
-
101
-
total
1 455
-
27 023
-
Employer
4 236
-
76 218
-
unemployment
85
-
203
-
pensions
466
-
1 116
-
health
402
-
964
-
total
953
-
2 283
-
Corporate
73 310
78 500
-
-
income
16 128
17 270
-
-
total
16 128
17 270
-
-
Dividends
57 182
61 230
-
-
withholding
11 436
12 246
-
-
total
11 436
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 972
29 516
29 306
29 109
After tax
48 528
48 984
49 194
49 391
Living cost
2 781
2 781
2 781
2 781
Free-cash
45 747
46 203
46 413
46 610

Estimated living cost  is ₽2781 per week

₽1653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽225
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽64
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₽39157
₽34159
₽21183
₽23262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
11 394
pensions
-
-
-
19 509
unemployment
-
-
-
1 126
health
-
-
-
7 729
total
-
-
-
39 758
Employee

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

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

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

26 477
-
66 582
-
health
1 364
-
3 429
-
income
3 650
-
12 512
-
pensions
3 707
-
9 321
-
unemployment
199
-
499
-
total
8 920
-
25 761
-
Employer

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

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

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

26 477
-
66 582
-
unemployment
199
-
499
-
pensions
3 177
-
7 990
-
health
1 364
-
3 429
-
total
4 740
-
11 918
-
Corporate
47 284
78 500
-
-
income
7 093
11 775
-
-
total
7 093
11 775
-
-
Dividends
40 191
66 725
-
-
withholding
6 029
10 009
-
-
total
6 029
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 782
21 784
37 679
39 758
After tax
51 718
56 716
40 821
38 742
Living cost
17 559
17 559
17 559
17 559
Free-cash
34 159
39 157
23 262
21 183

Estimated living cost  is ₽17559 per week

₽11822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽508
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₽17258
₽16894
₽17121
₽13975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
6 708
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
33 987
Employee
39 435
-
63 434
-
social contributions
4 338
-
6 978
-
surtax
-
-
-
-
income
7 705
-
15 089
-
total
12 043
-
22 067
-
Employer
39 435
-
63 434
-
social contributions
9 365
-
15 066
-
total
9 365
-
15 066
-
Corporate
29 700
78 500
-
-
surtax
-
-
-
-
income
6 237
16 485
-
-
total
6 237
16 485
-
-
Dividends
23 463
62 015
-
-
withholding
6 569
17 365
-
-
total
6 569
17 365
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 214
33 850
37 133
33 987
After tax
44 286
44 650
41 367
44 513
Living cost
27 392
27 392
27 392
27 392
Free-cash
16 894
17 258
13 975
17 121

Estimated living cost  is ₽27392 per week

₽19401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₽17237
₽9489
₽6293
₽6849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
706
income
-
-
-
12 948
pensions
-
-
-
22 216
other
-
-
-
79
unemployment
-
-
-
550
total
-
-
-
36 499
Employee
49 070
-
59 523
-
other
48
-
60
-
income
10 249
-
13 185
-
pensions
2 306
-
2 798
-
unemployment
760
-
924
-
total
13 363
-
16 967
-
Employer
49 070
-
59 523
-
accident
972
-
1 178
-
other
393
-
476
-
unemployment
2 699
-
3 274
-
pensions
11 580
-
14 048
-
total
15 644
-
18 976
-
Corporate
13 785
78 500
-
-
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.

2 067
11 775
-
-
total
2 067
11 775
-
-
Dividends
11 718
66 725
-
-
withholding
2 229
13 780
-
-
total
2 229
13 780
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 303
25 555
35 943
36 499
After tax
45 197
52 945
42 557
42 001
Living cost
35 708
35 708
35 708
35 708
Free-cash
9 489
17 237
6 849
6 293

Estimated living cost  is ₽35708 per week

₽25644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2776
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₽49639
₽43447
₽39769
₽41765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
pensions

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

-
-
-
5 253
unemployment
-
-
-
142
health
-
-
-
4 082
total
-
-
-
21 252
Employee
23 145
-
71 537
-
health
1 065
-
1 633
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
income
2 315
-
7 154
-
pensions

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

2 032
-
3 116
-
total
5 666
-
12 293
-
Employer
23 145
-
71 537
-
accident

We are using the highest rate at 1.1%.

254
-
390
-
unemployment
139
-
213
-
pensions

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

2 551
-
3 911
-
health
1 597
-
2 449
-
total
4 541
-
6 963
-
Corporate
50 814
78 500
-
-
income
5 081
7 850
-
-
total
5 081
7 850
-
-
Dividends
45 732
70 650
-
-
withholding
2 286
3 532
-
-
total
2 286
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
17 574
11 382
19 256
21 252
After tax
60 926
67 118
59 244
57 248
Living cost
17 479
17 479
17 479
17 479
Free-cash
43 447
49 639
41 765
39 769

Estimated living cost  is ₽17479 per week

₽11561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽417
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₽1338
₽14632
₽14403
₽18890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
trade
-
-
-
4 487
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.

-
-
-
12 743
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
6 941
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.

-
-
-
700
total
-
-
-
24 871
Employee

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

50 554
-
78 500
-
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.

6 941
-
6 941
-
surtax

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

229
-
700
-
income

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

4 157
-
12 743
-
total
11 327
-
20 384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 946
78 500
-
-
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.

231
648
-
-
income
4 192
11 775
-
-
trade
4 010
11 264
-
-
chamber of commerce
195
270
-
-
total
8 628
23 957
-
-
Dividends
19 317
54 543
-
-
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.

245
729
-
-
withholding
4 442
13 250
-
-
total
4 687
13 979
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 642
37 936
20 384
24 871
After tax
53 858
40 564
58 116
53 629
Living cost
39 226
39 226
39 226
39 226
Free-cash
14 632
1 338
18 890
14 403

Estimated living cost  is ₽39226 per week

₽27059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽569
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-₽2928
-₽978
-₽480
-₽480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 606
social contributions
-
-
-
6 496
total
-
-
-
21 102
Employee
79 477
-
78 500
-
income
14 997
-
14 606
-
social contributions
6 603
-
6 496
-
total
21 600
-
21 102
-
Employer
79 477
-
78 500
-
total
-
-
-
-
Corporate
-
78 500
-
-
income
-
9 812
-
-
total
-
9 812
-
-
Dividends
-
68 688
-
-
withholding
-
13 738
-
-
total
-
13 738
-
-
Income
78 500
78 500
78 500
78 500
Total tax
21 600
23 550
21 102
21 102
After tax
56 900
54 950
57 398
57 398
Living cost
57 878
57 878
57 878
57 878
Free-cash
-978
-2 928
-480
-480

Estimated living cost  is ₽57878 per week

₽44033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽553
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₽8774
₽14661
₽5884
₽20410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
28 922
health

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

-
-
-
6 812
total
-
-
-
35 734
Employee
46 610
-
73 826
-
income
5 057
-
11 860
-
social contributions
4 670
-
4 674
-
total
9 727
-
16 534
-
Employer
46 610
-
73 826
-
social contributions
4 670
-
4 674
-
total
4 670
-
4 674
-
Corporate
27 220
78 500
-
-
income
9 527
27 476
-
-
total
9 527
27 476
-
-
Dividends
17 693
51 024
-
-
social contributions
3 033
5 368
-
-
total
3 033
5 368
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 957
32 844
21 208
35 734
After tax
51 543
45 656
57 292
42 766
Living cost
36 882
36 882
36 882
36 882
Free-cash
14 661
8 774
20 410
5 884

Estimated living cost  is ₽36882 per week

₽24294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽565
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₽20822
₽15051
₽20520
₽11940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 629
pensions
-
-
-
5 357
total
-
-
-
19 986
Employee
52 152
-
69 516
-
health
680
-
1 036
-
income
9 497
-
12 482
-
pensions
3 981
-
6 064
-
total
14 158
-
19 582
-
Employer
52 152
-
69 516
-
pensions
5 269
-
7 664
-
health
991
-
1 320
-
total
6 260
-
8 984
-
Corporate
20 087
78 500
-
-
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.

3 816
14 915
-
-
total
3 816
14 915
-
-
Dividends
16 271
63 585
-
-
withholding
1 221
4 769
-
-
total
1 221
4 769
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 455
19 684
28 566
19 986
After tax
53 045
58 816
49 934
58 514
Living cost
37 994
37 994
37 994
37 994
Free-cash
15 051
20 822
11 940
20 520

Estimated living cost  is ₽37994 per week

₽26064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽475
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₽17671
₽2673
₽29990
₽15660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
255
income
-
-
-
17 454
pensions
-
-
-
4 197
other
-
-
-
374
health
-
-
-
2 200
total
-
-
-
24 480
Employee
37 800
-
65 210
-
health
4 328
-
7 467
-
income
5 186
-
10 711
-
pensions
4 256
-
7 342
-
total
13 770
-
25 520
-
Employer
37 800
-
65 210
-
accident
631
-
1 089
-
unemployment
926
-
1 598
-
pensions
6 146
-
10 603
-
total
7 703
-
13 290
-
Corporate
32 996
78 500
-
-
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.

29 697
70 650
-
-
total
29 697
70 650
-
-
Dividends
3 299
7 850
-
-
withholding
627
1 491
-
-
total
627
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
51 797
72 141
38 810
24 480
After tax
26 703
6 359
39 690
54 020
Living cost
24 030
24 030
24 030
24 030
Free-cash
2 673
-17 671
15 660
29 990

Estimated living cost  is ₽24030 per week

₽17635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₽53030
₽48100
₽31789
₽31789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
work injury
-
-
-
392
health insurance
-
-
-
5 809
income
-
-
-
11 429
pensions
-
-
-
14 444
unemployment
-
-
-
942
total
-
-
-
33 016
Employee

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

21 911
-
78 500
-
work injury
110
-
392
-
income
2 191
-
11 429
-
pensions
4 032
-
14 444
-
health insurance
1 621
-
5 809
-
unemployment
263
-
942
-
total
8 217
-
33 016
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 589
78 500
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
56 589
78 500
-
-
withholding
8 488
11 775
-
-
total
8 488
11 775
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 705
11 775
33 016
33 016
After tax
61 795
66 725
45 484
45 484
Living cost
13 695
13 695
13 695
13 695
Free-cash
48 100
53 030
31 789
31 789

Estimated living cost  is ₽13695 per week

₽8484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽427
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₽872
-₽7120
₽894
-₽2937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
524
regional
-
-
-
1 354
national
-
-
-
15 062
social contributions
-
-
-
20 189
total
-
-
-
37 129
Employee
85 618
-
78 500
-
social contributions
28 870
-
26 469
-
regional
1 293
-
1 131
-
municipal
511
-
469
-
national
14 469
-
12 891
-
total
45 143
-
40 960
-
Employer
85 618
-
78 500
-
total
-
-
-
-
Corporate
-
78 500
-
-
nationa
-
18 840
-
-
municipal
-
3 783
-
-
total
-
22 623
-
-
Dividends
-
55 877
-
-
withholding
-
14 528
-
-
total
-
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
45 143
37 151
40 960
37 129
After tax
33 357
41 349
37 540
41 371
Living cost
40 476
40 476
40 476
40 476
Free-cash
-7 120
872
-2 937
894

Estimated living cost  is ₽40476 per week

₽28432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽611
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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