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
₽ 8500
per

Your estimated
City
free-cash

Dresden , Germany
-₽25954
-₽28901
-₽28901
-₽30036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
6 883
surtax

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

-
-
-
-
total
-
-
-
6 883
Employee

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

38 537
-
8 500
-
income

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

1 076
-
-
-
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.

6 883
-
6 883
-
surtax

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

59
-
-
-
total
8 018
-
6 883
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 500
-
-
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.

-
71
-
-
trade
-
1 338
-
-
chamber of commerce
-
164
-
-
income
-
1 275
-
-
total
-
2 848
-
-
Dividends
-
5 651
-
-
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.

-
57
-
-
withholding
-
1 031
-
-
total
-
1 088
-
-
Income
8 500
8 500
8 500
8 500
Total tax
8 018
3 936
6 883
6 883
After tax
482
4 564
1 617
1 617
Living cost
30 518
30 518
30 518
30 518
Free-cash
-30 036
-25 954
-28 901
-28 901

Estimated living cost  is ₽30518 per week

₽19197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7193
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
-₽45396
-₽43311
-₽43161
-₽77228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
municipal
-
-
-
-
social contributions
-
-
-
91
pensions
-
-
-
1 020
national
-
-
-
-
total
-
-
-
1 111
Employee
78 594
-
7 348
-
municipal
9 708
-
-
-
pensions
3 144
-
294
-
national
15 043
-
-
-
total
27 895
-
294
-
Employer
78 594
-
7 348
-
social contributions
845
-
79
-
pensions
6 288
-
588
-
total
7 133
-
667
-
Corporate
-
8 500
-
-
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%.

-
1 700
-
-
total
-
1 700
-
-
Dividends
-
6 800
-
-
withholding
-
1 496
-
-
total
-
1 496
-
-
Income
8 500
8 500
8 500
8 500
Total tax
35 028
3 196
961
1 111
After tax
-26 528
5 304
7 539
7 389
Living cost
50 700
50 700
50 700
50 700
Free-cash
-77 228
-45 396
-43 161
-43 311

Estimated living cost  is ₽50700 per week

₽34460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10768
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
-₽14161
-₽16908
-₽16932
-₽28033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
-
microenterprise
-
-
-
1 275
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.

-
-
-
3 172
surtax
-
-
-
-
total
-
-
-
4 447
Employee
29 441
-
6 123
-
income
5 241
-
1 008
-
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.

3 239
-
1 086
-
surtax
-
-
-
-
total
8 480
-
2 094
-
Employer
29 441
-
6 123
-
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.

7 092
-
2 377
-
surtax
-
-
-
-
total
7 092
-
2 377
-
Corporate
-
8 500
-
-
income

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

-
1 700
-
-
total
-
1 700
-
-
Dividends

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

-
6 800
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
15 572
1 700
4 471
4 447
After tax
-7 072
6 800
4 029
4 053
Living cost
20 961
20 961
20 961
20 961
Free-cash
-28 033
-14 161
-16 932
-16 908

Estimated living cost  is ₽20961 per week

₽13373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5117
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
-₽85895
-₽37307
-₽91550
-₽91550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
765
health
-
-
-
1 304
pensions
-
-
-
1 530
total
-
-
-
3 599
Employee
86 041
86 041
86 041
-
pensions
15 487
11 805
15 487
-
income

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

14 083
14 083
14 083
-
health
13 206
11 233
13 206
-
total
42 776
37 121
42 776
-
Employer
86 041
86 041
86 041
-
unemployment
3 097
3 097
3 097
-
health
5 981
5 981
5 981
-
pensions
5 988
5 988
5 988
-
total
15 066
15 066
15 066
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
57 842
52 187
57 842
3 599
After tax
-49 342
-43 687
-49 342
4 901
Living cost
42 208
42 208
42 208
42 208
Free-cash
-91 550
-85 895
-91 550
-37 307

Estimated living cost  is ₽42208 per week

₽29912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽671
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7820
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
-₽34571
-₽34974
-₽34674
-₽64928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
unemployment
-
-
-
8
other
-
-
-
988
health
-
-
-
530
municipal
-
-
-
1 800
national
-
-
-
-
pensions
-
-
-
919
accident
-
-
-
17
total
-
-
-
4 262
Employee
55 873
-
6 468
-
municipal
16 661
-
1 929
-
national
-
-
-
-
total
16 661
-
1 929
-
Employer
55 873
-
6 468
-
accident
112
-
13
-
unemployment
1 475
-
171
-
health
3 436
-
398
-
pensions
6 040
-
699
-
other
6 492
-
752
-
total
17 555
-
2 033
-
Corporate
-
8 500
-
-
income
-
1 870
-
-
total
-
1 870
-
-
Dividends
-
6 630
-
-
withholding
-
1 989
-
-
total
-
1 989
-
-
Income
8 500
8 500
8 500
8 500
Total tax
34 216
3 859
3 962
4 262
After tax
-25 716
4 641
4 538
4 238
Living cost
39 212
39 212
39 212
39 212
Free-cash
-64 928
-34 571
-34 674
-34 974

Estimated living cost  is ₽39212 per week

₽25988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3848
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.
₽8781
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
-₽35059
-₽37964
-₽37964
-₽42595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
6 883
surtax

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

-
-
-
-
total
-
-
-
6 883
Employee

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

51 095
-
8 500
-
income

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

4 390
-
-
-
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.

6 883
-
6 883
-
surtax

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

241
-
-
-
total
11 514
-
6 883
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 500
-
-
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.

-
71
-
-
trade
-
1 398
-
-
chamber of commerce
-
164
-
-
income
-
1 275
-
-
total
-
2 908
-
-
Dividends
-
5 592
-
-
surtax

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

-
55
-
-
withholding
-
1 015
-
-
total
-
1 070
-
-
Income
8 500
8 500
8 500
8 500
Total tax
11 514
3 978
6 883
6 883
After tax
-3 014
4 522
1 617
1 617
Living cost
39 581
39 581
39 581
39 581
Free-cash
-42 595
-35 059
-37 964
-37 964

Estimated living cost  is ₽39581 per week

₽26472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽591
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8344
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
-₽46963
-₽31132
-₽38155
-₽41456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 302
income
-
-
-
-
health
-
-
-
977
social contributions
-
-
-
5 975
total
-
-
-
6 952
Employee
77 476
77 476
77 476
-
income
8 136
7 172
8 711
-
health
771
1 317
444
-
social contributions
3 765
6 430
2 168
-
total
12 672
14 919
11 323
-
Employer
77 476
77 476
77 476
-
social contributions
3 765
6 430
2 168
-
health
839
1 434
484
-
total
4 604
7 864
2 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
17 276
22 783
13 975
6 952
After tax
-8 776
-14 283
-5 475
1 548
Living cost
32 680
32 680
32 680
32 680
Free-cash
-41 456
-46 963
-38 155
-31 132

Estimated living cost  is ₽32680 per week

₽22340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7239
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
-₽15101
-₽12427
-₽14243
-₽23096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 039
unemployment
-
-
-
127
health
-
-
-
595
pensions
-
-
-
850
total
-
-
-
2 611
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.

26 440
10 523
10 523
-
pensions
2 644
1 052
809
-
unemployment
397
158
121
-
income
3 232
1 286
1 354
-
health
1 851
737
566
-
total
8 124
3 233
2 850
-
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.

26 440
10 523
10 523
-
pensions
5 156
2 052
1 577
-
total
5 156
2 052
1 577
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
social contributions
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
13 280
5 285
4 427
2 611
After tax
-4 780
3 215
4 073
5 889
Living cost
18 316
18 316
18 316
18 316
Free-cash
-23 096
-15 101
-14 243
-12 427

Estimated living cost  is ₽18316 per week

₽12499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3952
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
-₽17536
-₽19621
-₽20126
-₽29744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
health
-
-
-
1 491
pensions
-
-
-
2 294
total
-
-
-
3 785
Employee
28 583
-
4 622
-
pensions
572
-
229
-
unemployment
457
-
184
-
income
3 218
-
-
-
total
4 247
-
413
-
Employer
28 583
-
4 622
-
unemployment
229
-
92
-
health
3 715
-
1 491
-
pensions
5 717
-
2 294
-
total
9 661
-
3 877
-
Corporate
-
8 500
-
-
income
-
1 700
-
-
total
-
1 700
-
-
Dividends
-
6 800
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
13 908
1 700
4 290
3 785
After tax
-5 408
6 800
4 210
4 715
Living cost
24 336
24 336
24 336
24 336
Free-cash
-29 744
-17 536
-20 126
-19 621

Estimated living cost  is ₽24336 per week

₽16692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1449
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.
₽5705
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
-₽21568
-₽21060
-₽17768
-₽33646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
258
other
-
-
-
375
health
-
-
-
2 206
pensions
-
-
-
4 209
accident
-
-
-
255
total
-
-
-
7 303
Employee
35 011
-
7 060
-
pensions
3 942
-
795
-
income
4 803
-
969
-
health
4 009
-
808
-
total
12 754
-
2 572
-
Employer
35 011
-
7 060
-
accident
584
-
118
-
unemployment
858
-
173
-
pensions
5 693
-
1 148
-
total
7 135
-
1 439
-
Corporate
-
8 500
-
-
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.

-
7 650
-
-
total
-
7 650
-
-
Dividends
-
850
-
-
withholding
-
161
-
-
total
-
161
-
-
Income
8 500
8 500
8 500
8 500
Total tax
19 889
7 811
4 011
7 303
After tax
-11 389
689
4 489
1 197
Living cost
22 257
22 257
22 257
22 257
Free-cash
-33 646
-21 568
-17 768
-21 060

Estimated living cost  is ₽22257 per week

₽16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1233
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4247
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
-₽1072
-₽732
-₽2347
-₽2933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
8 500
microenterprise

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

-
-
-
85
total
-
-
-
85
Employee
11 433
-
8 500
-
income
2 286
-
1 700
-
total
2 286
-
1 700
-
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%.

-
8 500
-
-
total
-
-
-
-
Dividends
-
8 500
-
-
withholding
-
425
-
-
total
-
425
-
-
Income
8 500
8 500
8 500
8 500
Total tax
2 286
425
1 700
85
After tax
6 214
8 075
6 800
8 415
Living cost
9 147
9 147
9 147
9 147
Free-cash
-2 933
-1 072
-2 347
-732

Estimated living cost  is ₽9147 per week

₽5668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽2466
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
-₽20603
-₽22899
-₽21987
-₽37302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
925
other
-
-
-
520
health
-
-
-
482
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.

-
-
-
2 625
total
-
-
-
4 552
Employee
36 583
-
6 622
-
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.

2 560
-
465
-
unemployment
365
-
67
-
income
6 298
-
1 140
-
health
512
-
92
-
total
9 735
-
1 764
-
Employer
36 583
-
6 622
-
accident
293
-
54
-
unemployment
365
-
67
-
health
512
-
92
-
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.

6 220
-
1 126
-
other
1 830
-
537
-
total
9 220
-
1 876
-
Corporate
-
8 500
-
-
income
-
1 786
-
-
total
-
1 786
-
-
Dividends
-
6 714
-
-
withholding
-
470
-
-
total
-
470
-
-
Income
8 500
8 500
8 500
8 500
Total tax
18 955
2 256
3 640
4 552
After tax
-10 455
6 244
4 860
3 948
Living cost
26 847
26 847
26 847
26 847
Free-cash
-37 302
-20 603
-21 987
-22 899

Estimated living cost  is ₽26847 per week

₽18969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽432
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5633
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
-₽61690
-₽61260
-₽61385
-₽100992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 701
pensions
-
-
-
-
total
-
-
-
1 701
Employee
96 293
-
8 341
-
pensions
9 290
-
-
-
income
17 358
-
1 667
-
health
1 587
-
-
-
total
28 235
-
1 667
-
Employer
96 293
-
8 341
-
health
1 829
-
159
-
pensions
11 369
-
-
-
total
13 198
-
159
-
Corporate
-
8 500
-
-
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.

-
1 616
-
-
total
-
1 616
-
-
Dividends
-
6 884
-
-
withholding
-
515
-
-
total
-
515
-
-
Income
8 500
8 500
8 500
8 500
Total tax
41 433
2 131
1 826
1 701
After tax
-32 933
6 369
6 674
6 799
Living cost
68 059
68 059
68 059
68 059
Free-cash
-100 992
-61 690
-61 385
-61 260

Estimated living cost  is ₽68059 per week

₽50998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽7997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽554
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8512
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
-₽5946
-₽8258
-₽7849
-₽12431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 275
unemployment
-
-
-
34
health
-
-
-
977
pensions

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

-
-
-
1 258
total
-
-
-
3 544
Employee
17 497
-
7 105
-
pensions

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

1 536
-
624
-
income
1 749
-
711
-
health
805
-
327
-
accident

We are using the highest rate at 1.1%.

193
-
78
-
total
4 283
-
1 740
-
Employer
17 497
-
7 105
-
accident

We are using the highest rate at 1.1%.

193
-
78
-
unemployment
105
-
43
-
health
1 208
-
491
-
pensions

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

1 928
-
783
-
total
3 434
-
1 395
-
Corporate
-
8 500
-
-
income
-
850
-
-
total
-
850
-
-
Dividends
-
7 650
-
-
withholding
-
382
-
-
total
-
382
-
-
Income
8 500
8 500
8 500
8 500
Total tax
7 717
1 232
3 135
3 544
After tax
783
7 268
5 365
4 956
Living cost
13 214
13 214
13 214
13 214
Free-cash
-12 431
-5 946
-7 849
-8 258

Estimated living cost  is ₽13214 per week

₽7715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽350
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4206
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
-₽99557
-₽50969
-₽105212
-₽101267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
765
health
-
-
-
1 304
pensions
-
-
-
1 530
total
-
-
-
3 599
Employee
93 412
86 041
86 041
-
pensions
11 805
11 805
15 487
-
income

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

14 083
14 083
14 083
-
health
11 654
11 233
13 206
-
total
37 542
37 121
42 776
-
Employer
93 412
86 041
86 041
-
unemployment
3 363
3 097
3 097
-
health
6 491
5 981
5 981
-
pensions
6 501
5 988
5 988
-
total
16 355
15 066
15 066
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
53 897
52 187
57 842
3 599
After tax
-45 397
-43 687
-49 342
4 901
Living cost
55 870
55 870
55 870
55 870
Free-cash
-101 267
-99 557
-105 212
-50 969

Estimated living cost  is ₽55870 per week

₽41213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽641
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9027
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
-₽18191
-₽19903
-₽19729
-₽38878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
731
health
-
-
-
1 147
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 482
total
-
-
-
4 360
Employee
35 357
-
6 343
-
solidarity contribution
-
-
-
-
income
4 243
-
761
-
health
4 773
-
856
-
social contributions
2 298
-
412
-
total
11 314
-
2 029
-
Employer
35 357
-
6 343
-
social contributions
8 839
-
1 586
-
health
3 182
-
571
-
total
12 021
-
2 157
-
Corporate
-
8 500
-
-
income
-
1 615
-
-
total
-
1 615
-
-
Dividends
-
6 885
-
-
withholding
-
1 033
-
-
total
-
1 033
-
-
Income
8 500
8 500
8 500
8 500
Total tax
23 335
2 648
4 186
4 360
After tax
-14 835
5 852
4 314
4 140
Living cost
24 043
24 043
24 043
24 043
Free-cash
-38 878
-18 191
-19 729
-19 903

Estimated living cost  is ₽24043 per week

₽16701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5159
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
-₽37979
-₽41997
-₽44252
-₽81045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
municipal
-
-
-
6
regional
-
-
-
8
social contributions
-
-
-
7 809
national
-
-
-
159
total
-
-
-
7 982
Employee
89 545
-
8 500
-
municipal
474
-
-
-
national
15 516
-
-
-
social contributions
30 195
-
10 237
-
regional
845
-
-
-
total
47 030
-
10 237
-
Employer
89 545
-
8 500
-
total
-
-
-
-
Corporate
-
8 500
-
-
municipal
-
331
-
-
nationa
-
2 040
-
-
total
-
2 371
-
-
Dividends
-
6 129
-
-
withholding
-
1 593
-
-
total
-
1 593
-
-
Income
8 500
8 500
8 500
8 500
Total tax
47 030
3 964
10 237
7 982
After tax
-38 530
4 536
-1 737
518
Living cost
42 515
42 515
42 515
42 515
Free-cash
-81 045
-37 979
-44 252
-41 997

Estimated living cost  is ₽42515 per week

₽29636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽652
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9438
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
-₽16886
-₽18533
-₽19437
-₽31832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
925
unemployment
-
-
-
229
other
-
-
-
-
health
-
-
-
956
pensions
-
-
-
2 690
surtax
-
-
-
-
total
-
-
-
4 800
Employee
33 319
-
5 670
-
pensions
2 222
-
897
-
unemployment
2 319
-
935
-
other
-
-
-
-
income
5 585
-
700
-
health
851
-
342
-
surtax
109
-
-
-
total
11 086
-
2 874
-
Employer
33 319
-
5 670
-
unemployment
1 055
-
426
-
health
1 516
-
612
-
pensions
4 442
-
1 792
-
other
-
-
-
-
total
7 013
-
2 830
-
Corporate
-
8 500
-
-
income
-
2 210
-
-
total
-
2 210
-
-
Dividends
-
6 290
-
-
withholding
-
943
-
-
total
-
943
-
-
Income
8 500
8 500
8 500
8 500
Total tax
18 099
3 153
5 704
4 800
After tax
-9 599
5 347
2 796
3 700
Living cost
22 233
22 233
22 233
22 233
Free-cash
-31 832
-16 886
-19 437
-18 533

Estimated living cost  is ₽22233 per week

₽13594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6074
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
-₽40127
-₽39697
-₽39822
-₽64245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 701
pensions
-
-
-
-
total
-
-
-
1 701
Employee
64 533
-
8 341
-
pensions
5 477
-
-
-
income
11 623
-
1 667
-
health
937
-
-
-
total
18 037
-
1 667
-
Employer
64 533
-
8 341
-
health
1 226
-
159
-
pensions
6 986
-
-
-
total
8 212
-
159
-
Corporate
-
8 500
-
-
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.

-
1 616
-
-
total
-
1 616
-
-
Dividends
-
6 884
-
-
withholding
-
515
-
-
total
-
515
-
-
Income
8 500
8 500
8 500
8 500
Total tax
26 249
2 131
1 826
1 701
After tax
-17 749
6 369
6 674
6 799
Living cost
46 496
46 496
46 496
46 496
Free-cash
-64 245
-40 127
-39 822
-39 697

Estimated living cost  is ₽46496 per week

₽34835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3485
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.
₽7689
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
-₽72592
-₽69268
-₽72189
-₽89525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
other

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

-
-
-
171
health
-
-
-
249
regional
-
-
-
-
city
-
-
-
86
pensions
-
-
-
784
national
-
-
-
-
total
-
-
-
1 290
Employee
89 498
-
6 288
-
city
961
-
49
-
pensions
7 519
-
2 004
-
unemployment
-
-
-
-
national
424
-
-
-
health
202
-
14
-
regional
2 931
-
-
-
total
12 037
-
2 067
-
Employer
89 498
-
6 288
-
unemployment
-
-
-
-
health
202
-
14
-
pensions
7 519
-
2 004
-
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.

1 789
-
126
-
total
9 510
-
2 144
-
Corporate
-
8 500
-
-
national
-
723
-
-
regional
-
1 797
-
-
total
-
2 520
-
-
Dividends
-
5 980
-
-
withholding
-
2 094
-
-
total
-
2 094
-
-
Income
8 500
8 500
8 500
8 500
Total tax
21 547
4 614
4 211
1 290
After tax
-13 047
3 886
4 289
7 210
Living cost
76 478
76 478
76 478
76 478
Free-cash
-89 525
-72 592
-72 189
-69 268

Estimated living cost  is ₽76478 per week

₽49732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽939
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽18943
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
-₽41678
-₽44539
-₽44539
-₽52051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
6 883
surtax

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

-
-
-
-
total
-
-
-
6 883
Employee

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

60 552
-
8 500
-
income

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

7 120
-
-
-
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.

6 883
-
6 883
-
surtax

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

392
-
-
-
total
14 395
-
6 883
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 500
-
-
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.

-
71
-
-
trade
-
1 457
-
-
chamber of commerce
-
164
-
-
income
-
1 275
-
-
total
-
2 967
-
-
Dividends
-
5 533
-
-
surtax

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

-
55
-
-
withholding
-
1 000
-
-
total
-
1 055
-
-
Income
8 500
8 500
8 500
8 500
Total tax
14 395
4 022
6 883
6 883
After tax
-5 895
4 478
1 617
1 617
Living cost
46 156
46 156
46 156
46 156
Free-cash
-52 051
-41 678
-44 539
-44 539

Estimated living cost  is ₽46156 per week

₽33711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽600
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8155
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
-₽30188
-₽30621
-₽28914
-₽48089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
other
-
-
-
264
health
-
-
-
268
social contributions
-
-
-
243
pensions
-
-
-
3 874
surtax
-
-
-
-
total
-
-
-
4 649
Employee
43 122
-
6 477
-
pensions
4 876
-
734
-
income
2 545
-
-
-
social contributions
1 229
-
185
-
surtax
-
-
-
-
total
8 650
-
919
-
Employer
43 122
-
6 477
-
social contributions
130
-
19
-
unemployment
1 746
-
262
-
health
3 019
-
453
-
pensions
7 084
-
1 065
-
other
1 488
-
224
-
total
13 467
-
2 023
-
Corporate
-
8 500
-
-
surtax
-
-
-
-
income
-
2 380
-
-
total
-
2 380
-
-
Dividends
-
6 120
-
-
surtax
-
-
-
-
withholding
-
784
-
-
social contributions
-
1 052
-
-
total
-
1 836
-
-
Income
8 500
8 500
8 500
8 500
Total tax
22 117
4 216
2 942
4 649
After tax
-13 617
4 284
5 558
3 851
Living cost
34 472
34 472
34 472
34 472
Free-cash
-48 089
-30 188
-28 914
-30 621

Estimated living cost  is ₽34472 per week

₽21736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽587
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9348
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
-₽26772
-₽27205
-₽25498
-₽42013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
other
-
-
-
264
health
-
-
-
268
social contributions
-
-
-
243
pensions
-
-
-
3 874
surtax
-
-
-
-
total
-
-
-
4 649
Employee
38 492
-
6 477
-
pensions
4 354
-
734
-
income
1 985
-
-
-
social contributions
1 097
-
185
-
surtax
-
-
-
-
total
7 436
-
919
-
Employer
38 492
-
6 477
-
social contributions
115
-
19
-
unemployment
1 558
-
262
-
health
2 694
-
453
-
pensions
6 325
-
1 065
-
other
1 329
-
224
-
total
12 021
-
2 023
-
Corporate
-
8 500
-
-
surtax
-
-
-
-
income
-
2 380
-
-
total
-
2 380
-
-
Dividends
-
6 120
-
-
surtax
-
-
-
-
withholding
-
784
-
-
social contributions
-
1 052
-
-
total
-
1 836
-
-
Income
8 500
8 500
8 500
8 500
Total tax
19 457
4 216
2 942
4 649
After tax
-10 957
4 284
5 558
3 851
Living cost
31 056
31 056
31 056
31 056
Free-cash
-42 013
-26 772
-25 498
-27 205

Estimated living cost  is ₽31056 per week

₽18011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽589
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9302
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
-₽17147
-₽16786
-₽15834
-₽28308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 275
health
-
-
-
889
social contributions
-
-
-
1 757
total
-
-
-
3 921
Employee
34 162
-
8 500
-
income
5 698
-
323
-
health
2 384
-
889
-
social contributions
4 715
-
1 757
-
total
12 797
-
2 969
-
Employer
34 162
-
8 500
-
total
-
-
-
-
Corporate
-
8 500
-
-
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%.

-
424
-
-
total
-
424
-
-
Dividends
-
8 076
-
-
withholding
-
1 212
-
-
social contributions
1 757
1 757
-
-
health
889
889
-
-
total
2 646
3 858
-
-
Income
8 500
8 500
8 500
8 500
Total tax
15 443
4 282
2 969
3 921
After tax
-6 943
4 218
5 531
4 579
Living cost
21 365
21 365
21 365
21 365
Free-cash
-28 308
-17 147
-15 834
-16 786

Estimated living cost  is ₽21365 per week

₽14298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5256
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
-₽49948
-₽36042
-₽39698
-₽57495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
unemployment
-
-
-
6 180
chamber of commerce
-
-
-
34
health
-
-
-
769
pensions
-
-
-
1 858
surtax
-
-
-
199
total
-
-
-
9 040
Employee
50 353
40 152
40 152
-
pensions
5 157
4 111
1 029
-
unemployment
1 510
1 205
302
-
other
503
402
101
-
income
5 732
2 962
4 717
-
health
1 948
1 554
388
-
total
14 850
10 234
6 537
-
Employer
50 353
40 152
40 152
-
accident
654
522
42
-
surtax
199
199
199
-
unemployment
1 510
1 205
302
-
payroll
1 510
1 205
1 205
-
health
1 902
1 518
380
-
pensions
6 319
5 040
1 262
-
chamber of commerce
201
161
161
-
other
2 392
1 906
1 652
-
total
14 687
11 756
5 203
-
Corporate
3 824
3 824
3 824
-
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.

956
956
956
-
total
956
956
956
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
30 493
22 946
12 696
9 040
After tax
-21 993
-14 446
-4 196
-540
Living cost
35 502
35 502
35 502
35 502
Free-cash
-57 495
-49 948
-39 698
-36 042

Estimated living cost  is ₽35502 per week

₽23678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽583
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8212
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
-₽31634
-₽34537
-₽32787
-₽84550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
communal

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

-
-
-
191
social contributions
-
-
-
5 312
national
-
-
-
797
total
-
-
-
6 300
Employee

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

72 071
-
6 586
-
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.

5 405
-
493
-
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.

627
-
57
-
national
22 157
-
1 432
-
communal

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

3 759
-
344
-
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.

3 386
-
310
-
total
35 334
-
2 636
-
Employer

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

72 071
-
6 586
-
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.

937
-
84
-
surtax
8 172
-
746
-
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.

1 052
-
96
-
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.

4 432
-
405
-
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.

6 386
-
583
-
total
20 979
-
1 914
-
Corporate
-
8 500
-
-
surtax
-
34
-
-
income
-
1 700
-
-
total
-
1 734
-
-
Dividends
-
6 766
-
-
withholding

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

-
1 663
-
-
total
-
1 663
-
-
Income
8 500
8 500
8 500
8 500
Total tax
56 313
3 397
4 550
6 300
After tax
-47 813
5 103
3 950
2 200
Living cost
36 737
36 737
36 737
36 737
Free-cash
-84 550
-31 634
-32 787
-34 537

Estimated living cost  is ₽36737 per week

₽23663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3212
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽576
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9287
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
-₽30535
-₽34766
-₽40751
-₽57641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
380
unemployment
-
-
-
151
other
-
-
-
21
pensions
-
-
-
6 132
accident
-
-
-
195
total
-
-
-
6 879
Employee
50 153
-
-
-
pensions
2 358
-
1 581
-
unemployment
778
-
522
-
other
50
-
34
-
income
10 582
-
-
-
total
13 768
-
2 137
-
Employer
50 153
-
-
-
accident
992
-
665
-
unemployment
2 759
-
1 851
-
pensions
11 835
-
7 941
-
other
400
-
270
-
total
15 986
-
10 727
-
Corporate
-
8 500
-
-
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.

-
1 275
-
-
total
-
1 275
-
-
Dividends
-
7 225
-
-
withholding
-
1 373
-
-
total
-
1 373
-
-
Income
8 500
8 500
8 500
8 500
Total tax
29 754
2 648
12 864
6 879
After tax
-21 254
5 852
-4 364
1 621
Living cost
36 387
36 387
36 387
36 387
Free-cash
-57 641
-30 535
-40 751
-34 766

Estimated living cost  is ₽36387 per week

₽26795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2581
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6486
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
-₽48940
-₽57952
-₽57953
-₽76916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
communal
-
-
-
-
health
-
-
-
3 595
pensions
-
-
-
7 671
accident
-
-
-
432
surtax
-
-
-
-
total
-
-
-
11 698
Employee
76 301
-
2 770
-
pensions
6 103
-
3 835
-
income
7 370
-
-
-
health
3 396
-
2 134
-
surtax
4 677
-
-
-
total
21 546
-
5 969
-
Employer
76 301
-
2 770
-
accident
686
-
432
-
health
2 327
-
1 463
-
pensions
6 103
-
3 835
-
total
9 116
-
5 730
-
Corporate
-
8 500
-
-
surtax
-
90
-
-
communal
-
-
-
-
income
-
1 275
-
-
total
-
1 365
-
-
Dividends
-
7 135
-
-
income
-
250
-
-
withholding
-
1 071
-
-
total
-
1 321
-
-
Income
8 500
8 500
8 500
8 500
Total tax
30 662
2 686
11 699
11 698
After tax
-22 162
5 814
-3 199
-3 198
Living cost
54 754
54 754
54 754
54 754
Free-cash
-76 916
-48 940
-57 953
-57 952

Estimated living cost  is ₽54754 per week

₽41074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽579
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9782
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
-₽17284
-₽18931
-₽19835
-₽32573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
925
unemployment
-
-
-
229
other
-
-
-
-
health
-
-
-
956
pensions
-
-
-
2 690
surtax
-
-
-
-
total
-
-
-
4 800
Employee
33 931
-
5 670
-
pensions
2 264
-
897
-
unemployment
2 361
-
935
-
other
-
-
-
-
income
5 688
-
700
-
health
866
-
342
-
surtax
120
-
-
-
total
11 299
-
2 874
-
Employer
33 931
-
5 670
-
unemployment
1 076
-
426
-
health
1 543
-
612
-
pensions
4 524
-
1 792
-
other
-
-
-
-
total
7 143
-
2 830
-
Corporate
-
8 500
-
-
income
-
2 210
-
-
total
-
2 210
-
-
Dividends
-
6 290
-
-
withholding
-
943
-
-
total
-
943
-
-
Income
8 500
8 500
8 500
8 500
Total tax
18 442
3 153
5 704
4 800
After tax
-9 942
5 347
2 796
3 700
Living cost
22 631
22 631
22 631
22 631
Free-cash
-32 573
-17 284
-19 835
-18 931

Estimated living cost  is ₽22631 per week

₽13663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽526
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6476
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
-₽22674
-₽26628
-₽28878
-₽47391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
municipal
-
-
-
6
regional
-
-
-
13
social contributions
-
-
-
7 809
national
-
-
-
159
total
-
-
-
7 987
Employee
55 890
-
8 500
-
municipal
296
-
-
-
national
8 855
-
-
-
social contributions
18 847
-
10 237
-
regional
752
-
-
-
total
28 750
-
10 237
-
Employer
55 890
-
8 500
-
total
-
-
-
-
Corporate
-
8 500
-
-
municipal
-
423
-
-
nationa
-
2 040
-
-
total
-
2 463
-
-
Dividends
-
6 037
-
-
withholding
-
1 570
-
-
total
-
1 570
-
-
Income
8 500
8 500
8 500
8 500
Total tax
28 750
4 033
10 237
7 987
After tax
-20 250
4 467
-1 737
513
Living cost
27 141
27 141
27 141
27 141
Free-cash
-47 391
-22 674
-28 878
-26 628

Estimated living cost  is ₽27141 per week

₽16879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7048
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
-₽23775
-₽25487
-₽25313
-₽49882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
731
health
-
-
-
1 147
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 482
total
-
-
-
4 360
Employee
43 570
-
6 343
-
solidarity contribution
-
-
-
-
income
5 228
-
761
-
health
5 882
-
856
-
social contributions
2 832
-
412
-
total
13 942
-
2 029
-
Employer
43 570
-
6 343
-
social contributions
10 892
-
1 586
-
health
3 921
-
571
-
total
14 813
-
2 157
-
Corporate
-
8 500
-
-
income
-
1 615
-
-
total
-
1 615
-
-
Dividends
-
6 885
-
-
withholding
-
1 033
-
-
total
-
1 033
-
-
Income
8 500
8 500
8 500
8 500
Total tax
28 755
2 648
4 186
4 360
After tax
-20 255
5 852
4 314
4 140
Living cost
29 627
29 627
29 627
29 627
Free-cash
-49 882
-23 775
-25 313
-25 487

Estimated living cost  is ₽29627 per week

₽22033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5441
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
-₽46391
-₽32485
-₽36145
-₽49173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
unemployment
-
-
-
6 180
chamber of commerce
-
-
-
34
health
-
-
-
769
pensions
-
-
-
1 858
surtax
-
-
-
-
total
-
-
-
8 841
Employee
44 043
40 152
40 152
-
pensions
4 510
4 111
1 029
-
unemployment
1 321
1 205
302
-
other
440
402
101
-
income
3 923
2 962
4 717
-
health
1 704
1 554
388
-
total
11 898
10 234
6 537
-
Employer
44 043
40 152
40 152
-
accident
572
522
46
-
surtax
-
-
-
-
unemployment
1 321
1 205
302
-
payroll
1 321
1 205
1 205
-
health
1 665
1 518
380
-
pensions
5 528
5 040
1 262
-
chamber of commerce
176
161
161
-
other
2 092
1 906
1 652
-
total
12 675
11 557
5 008
-
Corporate
3 824
3 824
3 824
-
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.

956
956
956
-
total
956
956
956
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
25 529
22 747
12 501
8 841
After tax
-17 029
-14 247
-4 001
-341
Living cost
32 144
32 144
32 144
32 144
Free-cash
-49 173
-46 391
-36 145
-32 485

Estimated living cost  is ₽32144 per week

₽19283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3283
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽574
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9006
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
-₽6178
-₽5838
-₽7453
-₽9317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
8 500
microenterprise

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

-
-
-
85
total
-
-
-
85
Employee
17 817
-
8 500
-
income
3 564
-
1 700
-
total
3 564
-
1 700
-
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%.

-
8 500
-
-
total
-
-
-
-
Dividends
-
8 500
-
-
withholding
-
425
-
-
total
-
425
-
-
Income
8 500
8 500
8 500
8 500
Total tax
3 564
425
1 700
85
After tax
4 936
8 075
6 800
8 415
Living cost
14 253
14 253
14 253
14 253
Free-cash
-9 317
-6 178
-7 453
-5 838

Estimated living cost  is ₽14253 per week

₽9645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3531
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
-₽21173
-₽21903
-₽22210
-₽42992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
975
unemployment
-
-
-
13
health
-
-
-
837
pensions
-
-
-
1 553
total
-
-
-
3 378
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.

44 554
-
7 355
-
pensions
6 906
-
1 140
-
unemployment
63
-
10
-
income
7 683
-
916
-
health
2 878
-
476
-
total
17 530
-
2 542
-
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.

44 554
-
7 355
-
unemployment
27
-
4
-
health
2 967
-
489
-
pensions
3 943
-
650
-
total
6 937
-
1 143
-
Corporate
-
8 500
-
-
income
-
1 616
-
-
total
-
1 616
-
-
Dividends
-
6 884
-
-
withholding
-
1 032
-
-
total
-
1 032
-
-
Income
8 500
8 500
8 500
8 500
Total tax
24 467
2 648
3 685
3 378
After tax
-15 967
5 852
4 815
5 122
Living cost
27 025
27 025
27 025
27 025
Free-cash
-42 992
-21 173
-22 210
-21 903

Estimated living cost  is ₽27025 per week

₽18547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽524
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6224
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
-₽38804
-₽38144
-₽48882
-₽143458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 645
social contributions
-
-
-
1 024
total
-
-
-
2 669
Employee
63 053
-
-
-
income
13 908
-
-
-
social contributions
5 170
-
737
-
total
19 078
-
737
-
Employer
63 053
-
-
-
social contributions
88 905
-
12 670
-
total
88 905
-
12 670
-
Corporate
-
8 500
-
-
income
-
1 870
-
-
total
-
1 870
-
-
Dividends
-
6 630
-
-
income
-
1 459
-
-
total
-
1 459
-
-
Income
8 500
8 500
8 500
8 500
Total tax
107 983
3 329
13 407
2 669
After tax
-99 483
5 171
-4 907
5 831
Living cost
43 975
43 975
43 975
43 975
Free-cash
-143 458
-38 804
-48 882
-38 144

Estimated living cost  is ₽43975 per week

₽28532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10746
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
-₽26770
-₽26553
-₽26377
-₽48846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
495
social contributions

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

-
-
-
2 954
surtax
-
-
-
-
total
-
-
-
3 449
Employee
46 339
-
6 869
-
income
9 639
-
887
-
social contributions
5 097
-
755
-
surtax
-
-
-
-
total
14 736
-
1 642
-
Employer
46 339
-
6 869
-
social contributions
11 006
-
1 631
-
total
11 006
-
1 631
-
Corporate
-
8 500
-
-
surtax
-
-
-
-
income
-
1 786
-
-
total
-
1 786
-
-
Dividends
-
6 714
-
-
withholding
-
1 880
-
-
total
-
1 880
-
-
Income
8 500
8 500
8 500
8 500
Total tax
25 742
3 666
3 273
3 449
After tax
-17 242
4 834
5 227
5 051
Living cost
31 604
31 604
31 604
31 604
Free-cash
-48 846
-26 770
-26 377
-26 553

Estimated living cost  is ₽31604 per week

₽23646
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1864
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.
₽5566
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
-₽44379
-₽44812
-₽43105
-₽74313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
other
-
-
-
264
health
-
-
-
268
social contributions
-
-
-
243
pensions
-
-
-
3 874
surtax
-
-
-
-
total
-
-
-
4 649
Employee
63 105
-
6 477
-
pensions
7 138
-
734
-
income
5 506
-
-
-
social contributions
1 797
-
185
-
surtax
-
-
-
-
total
14 441
-
919
-
Employer
63 105
-
6 477
-
social contributions
189
-
19
-
unemployment
2 556
-
262
-
health
4 417
-
453
-
pensions
10 369
-
1 065
-
other
2 178
-
224
-
total
19 709
-
2 023
-
Corporate
-
8 500
-
-
surtax
-
-
-
-
income
-
2 380
-
-
total
-
2 380
-
-
Dividends
-
6 120
-
-
surtax
-
-
-
-
withholding
-
784
-
-
social contributions
-
1 052
-
-
total
-
1 836
-
-
Income
8 500
8 500
8 500
8 500
Total tax
34 150
4 216
2 942
4 649
After tax
-25 650
4 284
5 558
3 851
Living cost
48 663
48 663
48 663
48 663
Free-cash
-74 313
-44 379
-43 105
-44 812

Estimated living cost  is ₽48663 per week

₽32934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽667
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽11080
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
-₽22638
-₽23656
-₽23404
-₽28912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
social contributions
-
-
-
1 870
total
-
-
-
1 870
Employee
32 392
-
7 360
-
income
-
-
-
-
social contributions
2 105
-
478
-
total
2 105
-
478
-
Employer
32 392
-
7 360
-
social contributions
5 021
-
1 140
-
total
5 021
-
1 140
-
Corporate
-
8 500
-
-
income
-
851
-
-
total
-
851
-
-
Dividends
-
7 649
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
7 126
851
1 618
1 870
After tax
1 374
7 649
6 882
6 630
Living cost
30 286
30 286
30 286
30 286
Free-cash
-28 912
-22 638
-23 404
-23 656

Estimated living cost  is ₽30286 per week

₽19583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2283
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽570
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7851
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
-₽211027
-₽41508
-₽211027
-₽211027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
municipal
-
-
-
-
labour market
-
-
-
610
pensions
-
-
-
873
national
-
-
-
-
total
-
-
-
1 483
Employee
204 811
204 811
204 811
-
municipal
43 613
43 613
43 613
-
pensions
291
291
291
-
labour market
16 362
16 362
16 362
-
national
25 021
25 021
25 021
-
total
85 287
85 287
85 287
-
Employer
204 811
204 811
204 811
-
labour market
16 385
16 385
16 385
-
national
25 065
25 065
25 065
-
pensions
582
582
582
-
municipal
43 683
43 683
43 683
-
total
85 715
85 715
85 715
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
171 002
171 002
171 002
1 483
After tax
-162 502
-162 502
-162 502
7 017
Living cost
48 525
48 525
48 525
48 525
Free-cash
-211 027
-211 027
-211 027
-41 508

Estimated living cost  is ₽48525 per week

₽33211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4293
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽746
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽10275
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
-₽21239
-₽20731
-₽17439
-₽33024
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
258
other
-
-
-
375
health
-
-
-
2 206
pensions
-
-
-
4 209
accident
-
-
-
255
total
-
-
-
7 303
Employee
34 495
-
7 060
-
pensions
3 884
-
795
-
income
4 732
-
969
-
health
3 950
-
808
-
total
12 566
-
2 572
-
Employer
34 495
-
7 060
-
accident
576
-
118
-
unemployment
845
-
173
-
pensions
5 609
-
1 148
-
total
7 030
-
1 439
-
Corporate
-
8 500
-
-
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.

-
7 650
-
-
total
-
7 650
-
-
Dividends
-
850
-
-
withholding
-
161
-
-
total
-
161
-
-
Income
8 500
8 500
8 500
8 500
Total tax
19 596
7 811
4 011
7 303
After tax
-11 096
689
4 489
1 197
Living cost
21 928
21 928
21 928
21 928
Free-cash
-33 024
-21 239
-17 439
-20 731

Estimated living cost  is ₽21928 per week

₽15961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1250
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽411
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4305
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
-₽32801
-₽31713
-₽33304
-₽54511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
8 500
health
-
-
-
-
municipal
-
-
-
1 530
national
-
-
-
-
total
-
-
-
1 530
Employee
53 009
-
7 150
-
municipal
8 682
-
1 182
-
pensions
3 577
-
482
-
unemployment
795
-
107
-
national
876
-
-
-
health
396
-
-
-
total
14 326
-
1 771
-
Employer
53 009
-
7 150
-
accident
54
-
8
-
unemployment
344
-
46
-
health
407
-
55
-
pensions
9 197
-
1 241
-
total
10 002
-
1 350
-
Corporate
-
8 500
-
-
income
-
1 700
-
-
total
-
1 700
-
-
Dividends

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

-
5 100
-
-
municipal
-
918
-
-
national
-
-
-
-
total
-
918
-
-
Income
8 500
8 500
8 500
8 500
Total tax
24 328
2 618
3 121
1 530
After tax
-15 828
5 882
5 379
6 970
Living cost
38 683
38 683
38 683
38 683
Free-cash
-54 511
-32 801
-33 304
-31 713

Estimated living cost  is ₽38683 per week

₽25267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽616
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9080
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
-₽37611
-₽21780
-₽28803
-₽30374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 302
income
-
-
-
-
health
-
-
-
977
social contributions
-
-
-
5 975
total
-
-
-
6 952
Employee
77 476
77 476
77 476
-
income
8 436
7 172
8 711
-
health
600
1 317
444
-
social contributions
2 929
6 430
2 168
-
total
11 965
14 919
11 323
-
Employer
77 476
77 476
77 476
-
social contributions
2 929
6 430
2 168
-
health
652
1 434
484
-
total
3 581
7 864
2 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 500
8 500
8 500
8 500
Total tax
15 546
22 783
13 975
6 952
After tax
-7 046
-14 283
-5 475
1 548
Living cost
23 328
23 328
23 328
23 328
Free-cash
-30 374
-37 611
-28 803
-21 780

Estimated living cost  is ₽23328 per week

₽13981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽516
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6543
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
-₽8958
-₽17581
-₽13742
-₽17007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 500
income
-
-
-
-
unemployment
-
-
-
29
health
-
-
-
3 646
pensions
-
-
-
6 409
total
-
-
-
10 084
Employee

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

23 127
-
6 691
-
pensions
3 468
-
2 633
-
unemployment
115
-
88
-
income
1 581
-
224
-
health
1 966
-
1 491
-
total
7 130
-
4 436
-
Employer

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

23 127
-
6 691
-
unemployment
115
-
88
-
health
994
-
755
-
pensions
1 271
-
966
-
total
2 380
-
1 809
-
Corporate
-
8 500
-
-
income
-
765
-
-
total
-
765
-
-
Dividends
-
7 735
-
-
withholding
-
696
-
-
total
-
696
-
-
Income
8 500
8 500
8 500
8 500
Total tax
9 510
1 461
6 245
10 084
After tax
-1 010
7 039
2 255
-1 584
Living cost
15 997
15 997
15 997
15 997
Free-cash
-17 007
-8 958
-13 742
-17 581

Estimated living cost  is ₽15997 per week

₽10206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1153
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4161
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
-₽21854
-₽26085
-₽32070
-₽40629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
380
unemployment
-
-
-
151
other
-
-
-
21
pensions
-
-
-
6 132
accident
-
-
-
195
total
-
-
-
6 879
Employee
37 255
-
-
-
pensions
1 751
-
1 581
-
unemployment
577
-
522
-
other
36
-
34
-
income
7 182
-
-
-
total
9 546
-
2 137
-
Employer
37 255
-
-
-
accident
738
-
665
-
unemployment
2 050
-
1 851
-
pensions
8 791
-
7 941
-
other
298
-
270
-
total
11 877
-
10 727
-
Corporate
-
8 500
-
-
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.

-
1 275
-
-
total
-
1 275
-
-
Dividends
-
7 225
-
-
withholding
-
1 373
-
-
total
-
1 373
-
-
Income
8 500
8 500
8 500
8 500
Total tax
21 423
2 648
12 864
6 879
After tax
-12 923
5 852
-4 364
1 621
Living cost
27 706
27 706
27 706
27 706
Free-cash
-40 629
-21 854
-32 070
-26 085

Estimated living cost  is ₽27706 per week

₽18701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2663
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.
₽5856
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
₽2530
₽1443
₽1685
₽2076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 351
health
-
-
-
1 232
pensions
-
-
-
1 700
total
-
-
-
4 283
Employee
4 226
-
6 939
-
pensions
380
-
624
-
unemployment
42
-
69
-
income
817
-
1 440
-
health
211
-
347
-
total
1 450
-
2 480
-
Employer
4 226
-
6 939
-
unemployment
85
-
139
-
health
401
-
659
-
pensions
465
-
763
-
total
951
-
1 561
-
Corporate
3 323
8 500
-
-
income
731
1 870
-
-
total
731
1 870
-
-
Dividends
2 592
6 630
-
-
withholding
518
1 326
-
-
total
518
1 326
-
-
Income
8 500
8 500
8 500
8 500
Total tax
3 650
3 196
4 041
4 283
After tax
4 850
5 304
4 459
4 217
Living cost
2 774
2 774
2 774
2 774
Free-cash
2 076
2 530
1 685
1 443

Estimated living cost  is ₽2774 per week

₽1649
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.
₽837
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
-₽11294
-₽12376
-₽11937
-₽22497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
229
unemployment
-
-
-
127
health
-
-
-
875
pensions
-
-
-
2 210
total
-
-
-
3 441
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.

26 291
-
7 209
-
pensions
3 681
-
1 009
-
unemployment
197
-
54
-
income
3 624
-
278
-
health
1 354
-
371
-
total
8 856
-
1 712
-
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.

26 291
-
7 209
-
unemployment
197
-
54
-
health
1 354
-
371
-
pensions
3 155
-
865
-
total
4 706
-
1 290
-
Corporate
-
8 500
-
-
income
-
1 275
-
-
total
-
1 275
-
-
Dividends
-
7 225
-
-
withholding
-
1 084
-
-
total
-
1 084
-
-
Income
8 500
8 500
8 500
8 500
Total tax
13 562
2 359
3 002
3 441
After tax
-5 062
6 141
5 498
5 059
Living cost
17 435
17 435
17 435
17 435
Free-cash
-22 497
-11 294
-11 937
-12 376

Estimated living cost  is ₽17435 per week

₽11739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3843
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
-₽22329
-₽22112
-₽21936
-₽39893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
495
social contributions

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

-
-
-
2 954
surtax
-
-
-
-
total
-
-
-
3 449
Employee
39 105
-
6 869
-
income
7 641
-
887
-
social contributions
4 302
-
755
-
surtax
-
-
-
-
total
11 943
-
1 642
-
Employer
39 105
-
6 869
-
social contributions
9 287
-
1 631
-
total
9 287
-
1 631
-
Corporate
-
8 500
-
-
surtax
-
-
-
-
income
-
1 786
-
-
total
-
1 786
-
-
Dividends
-
6 714
-
-
withholding
-
1 880
-
-
total
-
1 880
-
-
Income
8 500
8 500
8 500
8 500
Total tax
21 230
3 666
3 273
3 449
After tax
-12 730
4 834
5 227
5 051
Living cost
27 163
27 163
27 163
27 163
Free-cash
-39 893
-22 329
-21 936
-22 112

Estimated living cost  is ₽27163 per week

₽19239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽5556
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
-₽29558
-₽33789
-₽39774
-₽55676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
380
unemployment
-
-
-
151
other
-
-
-
21
pensions
-
-
-
6 132
accident
-
-
-
195
total
-
-
-
6 879
Employee
48 660
-
-
-
pensions
2 287
-
1 581
-
unemployment
753
-
522
-
other
48
-
34
-
income
10 163
-
-
-
total
13 251
-
2 137
-
Employer
48 660
-
-
-
accident
964
-
665
-
unemployment
2 677
-
1 851
-
pensions
11 484
-
7 941
-
other
390
-
270
-
total
15 515
-
10 727
-
Corporate
-
8 500
-
-
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.

-
1 275
-
-
total
-
1 275
-
-
Dividends
-
7 225
-
-
withholding
-
1 373
-
-
total
-
1 373
-
-
Income
8 500
8 500
8 500
8 500
Total tax
28 766
2 648
12 864
6 879
After tax
-20 266
5 852
-4 364
1 621
Living cost
35 410
35 410
35 410
35 410
Free-cash
-55 676
-29 558
-39 774
-33 789

Estimated living cost  is ₽35410 per week

₽25430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6728
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
-₽10069
-₽12381
-₽11972
-₽18960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 275
unemployment
-
-
-
34
health
-
-
-
977
pensions

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

-
-
-
1 258
total
-
-
-
3 544
Employee
22 957
-
7 105
-
pensions

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

2 015
-
624
-
income
2 296
-
711
-
health
1 056
-
327
-
accident

We are using the highest rate at 1.1%.

252
-
78
-
total
5 619
-
1 740
-
Employer
22 957
-
7 105
-
accident

We are using the highest rate at 1.1%.

252
-
78
-
unemployment
138
-
43
-
health
1 584
-
491
-
pensions

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

2 530
-
783
-
total
4 504
-
1 395
-
Corporate
-
8 500
-
-
income
-
850
-
-
total
-
850
-
-
Dividends
-
7 650
-
-
withholding
-
382
-
-
total
-
382
-
-
Income
8 500
8 500
8 500
8 500
Total tax
10 123
1 232
3 135
3 544
After tax
-1 623
7 268
5 365
4 956
Living cost
17 337
17 337
17 337
17 337
Free-cash
-18 960
-10 069
-11 972
-12 381

Estimated living cost  is ₽17337 per week

₽11467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽414
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4465
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
-₽34247
-₽37282
-₽37282
-₽41632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
6 883
surtax

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

-
-
-
-
total
-
-
-
6 883
Employee

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

50 132
-
8 500
-
income

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

4 122
-
-
-
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.

6 883
-
6 883
-
surtax

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

228
-
-
-
total
11 233
-
6 883
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 500
-
-
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.

-
71
-
-
trade
-
1 220
-
-
chamber of commerce
-
166
-
-
income
-
1 275
-
-
total
-
2 732
-
-
Dividends
-
5 768
-
-
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.

-
57
-
-
withholding
-
1 059
-
-
total
-
1 116
-
-
Income
8 500
8 500
8 500
8 500
Total tax
11 233
3 848
6 883
6 883
After tax
-2 733
4 652
1 617
1 617
Living cost
38 899
38 899
38 899
38 899
Free-cash
-41 632
-34 247
-37 282
-37 282

Estimated living cost  is ₽38899 per week

₽26833
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽564
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7315
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
-₽51445
-₽48894
-₽48894
-₽70314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
-
social contributions
-
-
-
-
total
-
-
-
-
Employee
78 813
-
8 500
-
income
14 872
-
-
-
social contributions
6 548
-
-
-
total
21 420
-
-
-
Employer
78 813
-
8 500
-
total
-
-
-
-
Corporate
-
8 500
-
-
income
-
1 063
-
-
total
-
1 063
-
-
Dividends
-
7 437
-
-
withholding
-
1 488
-
-
total
-
1 488
-
-
Income
8 500
8 500
8 500
8 500
Total tax
21 420
2 551
-
-
After tax
-12 920
5 949
8 500
8 500
Living cost
57 394
57 394
57 394
57 394
Free-cash
-70 314
-51 445
-48 894
-48 894

Estimated living cost  is ₽57394 per week

₽43665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽549
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8505
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
-₽34057
-₽63505
-₽31576
-₽45359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
28 680
health

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

-
-
-
6 751
total
-
-
-
35 431
Employee
46 220
-
6 749
-
income
5 015
-
-
-
social contributions
4 631
-
1 751
-
total
9 646
-
1 751
-
Employer
46 220
-
6 749
-
social contributions
4 631
-
1 751
-
total
4 631
-
1 751
-
Corporate
-
8 500
-
-
income
-
2 975
-
-
total
-
2 975
-
-
Dividends
-
5 525
-
-
social contributions
3 008
3 008
-
-
total
3 008
3 008
-
-
Income
8 500
8 500
8 500
8 500
Total tax
17 285
5 983
3 502
35 431
After tax
-8 785
2 517
4 998
-26 931
Living cost
36 574
36 574
36 574
36 574
Free-cash
-45 359
-34 057
-31 576
-63 505

Estimated living cost  is ₽36574 per week

₽24091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽560
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽9038
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
-₽31431
-₽31001
-₽31126
-₽49614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
1 701
pensions
-
-
-
-
total
-
-
-
1 701
Employee
51 886
-
8 341
-
pensions
3 960
-
-
-
income
9 449
-
1 667
-
health
677
-
-
-
total
14 086
-
1 667
-
Employer
51 886
-
8 341
-
health
986
-
159
-
pensions
5 242
-
-
-
total
6 228
-
159
-
Corporate
-
8 500
-
-
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.

-
1 616
-
-
total
-
1 616
-
-
Dividends
-
6 884
-
-
withholding
-
515
-
-
total
-
515
-
-
Income
8 500
8 500
8 500
8 500
Total tax
20 314
2 131
1 826
1 701
After tax
-11 814
6 369
6 674
6 799
Living cost
37 800
37 800
37 800
37 800
Free-cash
-49 614
-31 431
-31 126
-31 001

Estimated living cost  is ₽37800 per week

₽25930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽3476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽473
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽7918
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
-₽23410
-₽22902
-₽19610
-₽37135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
income
-
-
-
258
other
-
-
-
375
health
-
-
-
2 206
pensions
-
-
-
4 209
accident
-
-
-
255
total
-
-
-
7 303
Employee
37 909
-
7 060
-
pensions
4 269
-
795
-
income
5 201
-
969
-
health
4 340
-
808
-
total
13 810
-
2 572
-
Employer
37 909
-
7 060
-
accident
633
-
118
-
unemployment
929
-
173
-
pensions
6 164
-
1 148
-
total
7 726
-
1 439
-
Corporate
-
8 500
-
-
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.

-
7 650
-
-
total
-
7 650
-
-
Dividends
-
850
-
-
withholding
-
161
-
-
total
-
161
-
-
Income
8 500
8 500
8 500
8 500
Total tax
21 536
7 811
4 011
7 303
After tax
-13 036
689
4 489
1 197
Living cost
24 099
24 099
24 099
24 099
Free-cash
-37 135
-23 410
-19 610
-22 902

Estimated living cost  is ₽24099 per week

₽17686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽4523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
-₽6372
-₽8284
-₽8284
-₽13256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 500
income
-
-
-
850
unemployment
-
-
-
102
work injury
-
-
-
42
health insurance
-
-
-
629
pensions
-
-
-
1 564
total
-
-
-
3 187
Employee

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

21 756
-
8 500
-
pensions
4 003
-
1 564
-
unemployment
261
-
102
-
work injury
109
-
42
-
health insurance
1 610
-
629
-
income
2 176
-
850
-
total
8 159
-
3 187
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 500
-
-
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
-
8 500
-
-
withholding
-
1 275
-
-
total
-
1 275
-
-
Income
8 500
8 500
8 500
8 500
Total tax
8 159
1 275
3 187
3 187
After tax
341
7 225
5 313
5 313
Living cost
13 597
13 597
13 597
13 597
Free-cash
-13 256
-6 372
-8 284
-8 284

Estimated living cost  is ₽13597 per week

₽8424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₽35661
-₽39623
-₽41875
-₽76404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 500
municipal
-
-
-
6
regional
-
-
-
11
social contributions
-
-
-
7 809
national
-
-
-
159
total
-
-
-
7 985
Employee
84 902
-
8 500
-
municipal
507
-
-
-
national
14 348
-
-
-
social contributions
28 629
-
10 237
-
regional
1 282
-
-
-
total
44 766
-
10 237
-
Employer
84 902
-
8 500
-
total
-
-
-
-
Corporate
-
8 500
-
-
municipal
-
409
-
-
nationa
-
2 040
-
-
total
-
2 449
-
-
Dividends
-
6 051
-
-
withholding
-
1 574
-
-
total
-
1 574
-
-
Income
8 500
8 500
8 500
8 500
Total tax
44 766
4 023
10 237
7 985
After tax
-36 266
4 477
-1 737
515
Living cost
40 138
40 138
40 138
40 138
Free-cash
-76 404
-35 661
-41 875
-39 623

Estimated living cost  is ₽40138 per week

₽28195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽606
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽8575
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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