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
€ 1000
per

Your estimated
City
free-cash

Dresden , Germany
€311
€407
€324
€199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax

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

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
83
total
-
-
-
369
Employee

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

388
-
1 000
-
income

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

11
-
206
-
surtax

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

1
-
11
-
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.

69
-
69
-
total
81
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
612
1 000
-
-
surtax

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

5
8
-
-
chamber of commerce
2
3
-
-
income
92
150
-
-
trade
96
158
-
-
total
195
319
-
-
Dividends
417
681
-
-
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.

6
9
-
-
withholding
100
166
-
-
total
106
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
382
494
286
369
After tax
618
506
714
631
Living cost
307
307
307
307
Free-cash
311
199
407
324

Estimated living cost  is €307 per week

€193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€72
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
€52
€54
€46
€63
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
159
pensions
-
-
-
120
municipal
-
-
-
103
social contributions
-
-
-
11
total
-
-
-
393
Employee
870
-
864
-
pensions
35
-
35
-
national
166
-
165
-
municipal
107
-
107
-
total
308
-
307
-
Employer
870
-
864
-
social contributions
9
-
9
-
pensions
70
-
69
-
total
79
-
78
-
Corporate
-
1 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
200
-
-
total
-
200
-
-
Dividends
-
800
-
-
withholding
-
176
-
-
total
-
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
387
376
385
393
After tax
613
624
615
607
Living cost
561
561
561
561
Free-cash
52
63
54
46

Estimated living cost  is €561 per week

€381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€52
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€119
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
€505
€353
€322
€589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax
-
-
-
-
income
-
-
-
145
microenterprise
-
-
-
-
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.

-
-
-
322
total
-
-
-
467
Employee
296
-
806
-
income
53
-
153
-
surtax
-
-
-
-
social contributions

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

33
-
89
-
total
86
-
242
-
Employer
296
-
806
-
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.

71
-
194
-
surtax
-
-
-
-
total
71
-
194
-
Corporate
633
1 000
-
-
income

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

127
200
-
-
total
127
200
-
-
Dividends

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

506
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
284
200
436
467
After tax
716
800
564
533
Living cost
211
211
211
211
Free-cash
505
589
353
322

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
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
-€7
-€7
€142
€50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
119
health
-
-
-
121
income
-
-
-
193
total
-
-
-
433
Employee
865
865
865
-
income

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

142
142
142
-
pensions
156
119
156
-
health
133
113
133
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
health
60
60
60
-
pensions
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
582
525
582
433
After tax
418
475
418
567
Living cost
425
425
425
425
Free-cash
-7
50
-7
142

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
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
€133
€129
€116
€141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
1
accident
-
-
-
2
national
-
-
-
-
pensions
-
-
-
96
health
-
-
-
55
municipal
-
-
-
222
other
-
-
-
103
total
-
-
-
479
Employee
577
-
761
-
national
-
-
-
-
municipal
172
-
227
-
total
172
-
227
-
Employer
577
-
761
-
accident
1
-
2
-
unemployment
15
-
20
-
health
35
-
47
-
pensions
62
-
82
-
other
67
-
88
-
total
180
-
239
-
Corporate
242
1 000
-
-
income
53
220
-
-
total
53
220
-
-
Dividends
189
780
-
-
withholding
57
234
-
-
total
57
234
-
-
Income
1 000
1 000
1 000
1 000
Total tax
462
454
466
479
After tax
538
546
534
521
Living cost
405
405
405
405
Free-cash
133
141
129
116

Estimated living cost  is €405 per week

€268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
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
€246
€316
€229
€103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax

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

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
87
total
-
-
-
373
Employee

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

514
-
1 000
-
income

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

44
-
206
-
surtax

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

2
-
11
-
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.

69
-
69
-
total
115
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
486
1 000
-
-
surtax

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

4
8
-
-
chamber of commerce
2
3
-
-
income
73
150
-
-
trade
80
164
-
-
total
159
325
-
-
Dividends
327
674
-
-
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.

4
9
-
-
withholding
78
165
-
-
total
82
174
-
-
Income
1 000
1 000
1 000
1 000
Total tax
356
499
286
373
After tax
644
501
714
627
Living cost
398
398
398
398
Free-cash
246
103
316
229

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
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
€361
€382
€382
€403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
health
-
-
-
26
income
-
-
-
107
social contributions
-
-
-
156
total
-
-
-
289
Employee
779
779
908
-
income
82
72
107
-
social contributions
38
65
75
-
health
8
13
15
-
total
128
150
197
-
Employer
779
779
908
-
social contributions
38
65
75
-
health
8
14
17
-
total
46
79
92
-
Corporate
498
142
-
-
income
62
18
-
-
total
62
18
-
-
Dividends
435
124
-
-
withholding
74
21
-
-
total
74
21
-
-
Income
1 000
1 000
1 000
1 000
Total tax
310
268
289
289
After tax
690
732
711
711
Living cost
329
329
329
329
Free-cash
361
403
382
382

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
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
€370
€382
€496
€367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
15
pensions
-
-
-
100
health
-
-
-
70
income
-
-
-
122
total
-
-
-
307
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.

285
113
837
-
income
35
14
102
-
pensions
29
11
84
-
unemployment
4
2
13
-
health
20
8
59
-
total
88
35
258
-
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.

285
113
837
-
pensions
56
22
163
-
total
56
22
163
-
Corporate
659
864
-
-
income
59
78
-
-
total
59
78
-
-
Dividends
600
787
-
-
social contributions
116
152
-
-
withholding
114
149
-
-
total
230
301
-
-
Income
1 000
1 000
1 000
1 000
Total tax
433
436
421
307
After tax
567
564
579
693
Living cost
197
197
197
197
Free-cash
370
367
382
496

Estimated living cost  is €197 per week

€135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
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
€492
€332
€291
€555
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
200
health
-
-
-
130
income
-
-
-
134
total
-
-
-
464
Employee
287
-
747
-
income
32
-
144
-
pensions
6
-
15
-
unemployment
5
-
12
-
total
43
-
171
-
Employer
287
-
747
-
unemployment
2
-
6
-
health
37
-
97
-
pensions
58
-
149
-
total
97
-
252
-
Corporate
615
1 000
-
-
income
123
200
-
-
total
123
200
-
-
Dividends
492
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
263
200
423
464
After tax
737
800
577
536
Living cost
245
245
245
245
Free-cash
492
555
332
291

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
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
€48
€298
€467
-€138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
pensions
-
-
-
41
health
-
-
-
22
income
-
-
-
244
other
-
-
-
4
total
-
-
-
314
Employee
345
-
855
-
income
47
-
164
-
pensions
39
-
76
-
health
39
-
98
-
total
125
-
338
-
Employer
345
-
855
-
accident
6
-
14
-
unemployment
8
-
21
-
pensions
56
-
110
-
total
70
-
145
-
Corporate
585
1 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

527
900
-
-
total
527
900
-
-
Dividends
59
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
733
919
483
314
After tax
267
81
517
686
Living cost
219
219
219
219
Free-cash
48
-138
298
467

Estimated living cost  is €219 per week

€161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
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
€844
€710
€900
€860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
112
-
1 000
-
income
22
-
200
-
total
22
-
200
-
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%.

888
1 000
-
-
total
-
-
-
-
Dividends
888
1 000
-
-
withholding
44
50
-
-
total
44
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
66
50
200
10
After tax
934
950
800
990
Living cost
90
90
90
90
Free-cash
844
860
710
900

Estimated living cost  is €90 per week

€56
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€24
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
€396
€316
€271
€465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
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.

-
-
-
240
health
-
-
-
44
income
-
-
-
127
other
-
-
-
48
total
-
-
-
459
Employee
368
-
799
-
income
63
-
138
-
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.

26
-
56
-
unemployment
4
-
8
-
health
5
-
11
-
total
98
-
213
-
Employer
368
-
799
-
accident
3
-
6
-
unemployment
4
-
8
-
health
5
-
11
-
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.

63
-
136
-
other
18
-
40
-
total
93
-
201
-
Corporate
539
1 000
-
-
income
113
210
-
-
total
113
210
-
-
Dividends
426
790
-
-
withholding
30
55
-
-
total
30
55
-
-
Income
1 000
1 000
1 000
1 000
Total tax
334
265
414
459
After tax
666
735
586
541
Living cost
270
270
270
270
Free-cash
396
465
316
271

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
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
-€107
-€61
€38
€54
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
73
income
-
-
-
201
total
-
-
-
274
Employee
974
-
881
-
income
176
-
157
-
pensions
94
-
83
-
health
16
-
14
-
total
286
-
254
-
Employer
974
-
881
-
health
18
-
17
-
pensions
115
-
102
-
total
133
-
119
-
Corporate
-
1 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
190
-
-
total
-
190
-
-
Dividends
-
810
-
-
withholding
-
68
-
-
total
-
68
-
-
Income
1 000
1 000
1 000
1 000
Total tax
419
258
373
274
After tax
581
742
627
726
Living cost
688
688
688
688
Free-cash
-107
54
-61
38

Estimated living cost  is €688 per week

€516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
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
€669
€645
€615
€717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
1
pensions

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

-
-
-
54
health
-
-
-
42
income
-
-
-
150
total
-
-
-
247
Employee
182
-
928
-
income
18
-
93
-
pensions

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

16
-
32
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
17
-
total
44
-
146
-
Employer
182
-
928
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
health
13
-
25
-
pensions

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

20
-
40
-
total
36
-
71
-
Corporate
782
1 000
-
-
income
78
100
-
-
total
78
100
-
-
Dividends
704
900
-
-
withholding
35
45
-
-
total
35
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
193
145
217
247
After tax
807
855
783
753
Living cost
138
138
138
138
Free-cash
669
717
645
615

Estimated living cost  is €138 per week

€80
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€44
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
-€104
-€144
€5
-€87
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
119
health
-
-
-
121
income
-
-
-
193
total
-
-
-
433
Employee
940
865
865
-
income

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

142
142
142
-
pensions
119
119
156
-
health
117
113
133
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
health
65
60
60
-
pensions
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
542
525
582
433
After tax
458
475
418
567
Living cost
562
562
562
562
Free-cash
-104
-87
-144
5

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
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
€349
€256
€237
€438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
health
-
-
-
135
solidarity contribution
-
-
-
-
income
-
-
-
86
social contributions
-
-
-
292
total
-
-
-
513
Employee
368
-
746
-
solidarity contribution
-
-
-
-
income
44
-
90
-
social contributions
24
-
49
-
health
50
-
101
-
total
118
-
240
-
Employer
368
-
746
-
social contributions
92
-
187
-
health
33
-
67
-
total
125
-
254
-
Corporate
506
1 000
-
-
income
96
190
-
-
total
96
190
-
-
Dividends
410
810
-
-
withholding
62
122
-
-
total
62
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
401
312
494
513
After tax
599
688
506
487
Living cost
250
250
250
250
Free-cash
349
438
256
237

Estimated living cost  is €250 per week

€174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€54
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
€52
€39
€86
€106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
212
regional
-
-
-
11
municipal
-
-
-
6
social contributions
-
-
-
257
total
-
-
-
486
Employee
901
-
1 000
-
regional
8
-
10
-
national
156
-
181
-
social contributions
304
-
337
-
municipal
5
-
5
-
total
473
-
533
-
Employer
901
-
1 000
-
total
-
-
-
-
Corporate
99
1 000
-
-
nationa
24
240
-
-
municipal
4
39
-
-
total
28
279
-
-
Dividends
72
721
-
-
withholding
19
187
-
-
total
19
187
-
-
Income
1 000
1 000
1 000
1 000
Total tax
520
466
533
486
After tax
480
534
467
514
Living cost
428
428
428
428
Free-cash
52
106
39
86

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
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
€373
€273
€292
€405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
2
surtax
-
-
-
23
pensions
-
-
-
200
health
-
-
-
71
income
-
-
-
188
other
-
-
-
-
total
-
-
-
484
Employee
335
-
826
-
other
-
-
-
-
income
56
-
175
-
pensions
22
-
55
-
surtax
1
-
20
-
unemployment
23
-
58
-
health
9
-
21
-
total
111
-
329
-
Employer
335
-
826
-
unemployment
11
-
26
-
health
15
-
38
-
pensions
45
-
110
-
other
-
-
-
-
total
71
-
174
-
Corporate
594
1 000
-
-
income
155
260
-
-
total
155
260
-
-
Dividends
440
740
-
-
withholding
66
111
-
-
total
66
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
403
371
503
484
After tax
597
629
497
516
Living cost
224
224
224
224
Free-cash
373
405
273
292

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
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
€199
€157
€256
€272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
73
income
-
-
-
201
total
-
-
-
274
Employee
653
-
881
-
income
118
-
157
-
pensions
55
-
83
-
health
9
-
14
-
total
182
-
254
-
Employer
653
-
881
-
health
12
-
17
-
pensions
71
-
102
-
total
83
-
119
-
Corporate
264
1 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

50
190
-
-
total
50
190
-
-
Dividends
214
810
-
-
withholding
16
68
-
-
total
16
68
-
-
Income
1 000
1 000
1 000
1 000
Total tax
331
258
373
274
After tax
669
742
627
726
Living cost
470
470
470
470
Free-cash
199
272
157
256

Estimated living cost  is €470 per week

€352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€78
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
-€29
-€17
€33
-€346
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
5
pensions
-
-
-
92
health
-
-
-
3
regional
-
-
-
33
city
-
-
-
11
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.

-
-
-
20
total
-
-
-
164
Employee
939
-
895
-
pensions
79
-
75
-
regional
31
-
28
-
national
4
-
4
-
unemployment
-
-
-
-
health
2
-
2
-
city
10
-
10
-
total
126
-
119
-
Employer
939
-
895
-
unemployment
-
-
-
-
health
2
-
2
-
pensions
79
-
75
-
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.

19
-
18
-
total
100
-
95
-
Corporate
-
1 000
-
-
national
-
85
-
-
regional
-
212
-
-
total
-
297
-
-
Dividends
-
704
-
-
withholding
-
246
-
-
total
-
246
-
-
Income
1 000
1 000
1 000
1 000
Total tax
226
543
214
164
After tax
774
457
786
836
Living cost
803
803
803
803
Free-cash
-29
-346
-17
33

Estimated living cost  is €803 per week

€522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€199
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
€196
€250
€159
€31
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax

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

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
91
total
-
-
-
377
Employee

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

609
-
1 000
-
income

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

72
-
206
-
surtax

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

4
-
11
-
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.

69
-
69
-
total
145
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
391
1 000
-
-
surtax

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

3
8
-
-
chamber of commerce
2
3
-
-
income
59
150
-
-
trade
67
172
-
-
total
131
333
-
-
Dividends
260
667
-
-
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.

3
9
-
-
withholding
61
163
-
-
total
64
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
340
505
286
377
After tax
660
495
714
623
Living cost
464
464
464
464
Free-cash
196
31
250
159

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
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
€217
€220
€230
€157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
surtax
-
-
-
-
pensions
-
-
-
253
health
-
-
-
18
income
-
-
-
93
social contributions
-
-
-
28
other
-
-
-
31
total
-
-
-
423
Employee
434
-
762
-
income
26
-
88
-
pensions
49
-
86
-
surtax
-
-
-
-
social contributions
12
-
22
-
total
87
-
196
-
Employer
434
-
762
-
unemployment
18
-
31
-
social contributions
1
-
2
-
health
30
-
53
-
pensions
71
-
125
-
other
15
-
26
-
total
135
-
237
-
Corporate
431
1 000
-
-
surtax
-
-
-
-
income
121
280
-
-
total
121
280
-
-
Dividends
310
720
-
-
surtax
-
-
-
-
social contributions
53
124
-
-
withholding
40
92
-
-
total
93
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
436
496
433
423
After tax
564
504
567
577
Living cost
347
347
347
347
Free-cash
217
157
220
230

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
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
€248
€255
€265
€192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
surtax
-
-
-
-
pensions
-
-
-
253
health
-
-
-
18
income
-
-
-
93
social contributions
-
-
-
28
other
-
-
-
31
total
-
-
-
423
Employee
387
-
762
-
income
20
-
88
-
pensions
44
-
86
-
surtax
-
-
-
-
social contributions
11
-
22
-
total
75
-
196
-
Employer
387
-
762
-
unemployment
16
-
31
-
social contributions
1
-
2
-
health
27
-
53
-
pensions
64
-
125
-
other
13
-
26
-
total
121
-
237
-
Corporate
492
1 000
-
-
surtax
-
-
-
-
income
138
280
-
-
total
138
280
-
-
Dividends
354
720
-
-
surtax
-
-
-
-
social contributions
61
124
-
-
withholding
45
92
-
-
total
106
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
440
496
433
423
After tax
560
504
567
577
Living cost
312
312
312
312
Free-cash
248
192
255
265

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
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
€400
€429
€427
€396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
health
-
-
-
70
income
-
-
-
150
social contributions
-
-
-
138
total
-
-
-
358
Employee
344
-
1 000
-
income
57
-
148
-
social contributions
47
-
138
-
health
24
-
70
-
total
128
-
356
-
Employer
344
-
1 000
-
total
-
-
-
-
Corporate
656
1 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

33
50
-
-
total
33
50
-
-
Dividends
624
950
-
-
social contributions
86
131
-
-
withholding
94
142
-
-
health
44
66
-
-
total
224
339
-
-
Income
1 000
1 000
1 000
1 000
Total tax
385
389
356
358
After tax
615
611
644
642
Living cost
215
215
215
215
Free-cash
400
396
429
427

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
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
€188
-€50
€151
€204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
62
surtax
-
-
-
2
pensions
-
-
-
185
health
-
-
-
76
income
-
-
-
163
chamber of commerce
-
-
-
4
total
-
-
-
492
Employee
506
404
775
-
other
5
4
8
-
income
58
30
145
-
pensions
52
41
79
-
unemployment
15
12
23
-
health
20
16
30
-
total
150
103
285
-
Employer
506
404
775
-
chamber of commerce
2
2
3
-
surtax
2
2
2
-
accident
7
5
10
-
payroll
15
12
23
-
unemployment
15
12
23
-
health
19
15
29
-
pensions
64
51
97
-
other
24
19
37
-
total
148
118
224
-
Corporate
346
478
736
-
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.

86
119
184
-
total
86
119
184
-
Dividends
259
358
-
-
withholding
71
99
-
-
total
71
99
-
-
Income
1 000
1 000
1 000
1 000
Total tax
455
439
693
492
After tax
545
561
307
508
Living cost
357
357
357
357
Free-cash
188
204
-50
151

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
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
€40
€22
€102
€192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
323
communal

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

-
-
-
51
social contributions
-
-
-
155
total
-
-
-
529
Employee

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

725
-
774
-
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.

54
-
58
-
communal

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

38
-
40
-
national
223
-
242
-
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.

6
-
7
-
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.

34
-
36
-
total
355
-
383
-
Employer

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

725
-
774
-
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.

9
-
10
-
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.

11
-
11
-
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.

45
-
48
-
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.

64
-
69
-
surtax
82
-
88
-
total
211
-
226
-
Corporate
64
1 000
-
-
surtax
-
4
-
-
income
13
200
-
-
total
13
204
-
-
Dividends
51
796
-
-
withholding

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

12
235
-
-
total
12
235
-
-
Income
1 000
1 000
1 000
1 000
Total tax
591
439
609
529
After tax
409
561
391
471
Living cost
370
370
370
370
Free-cash
40
192
22
102

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
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
€228
€163
€169
€308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
7
accident
-
-
-
8
pensions
-
-
-
266
income
-
-
-
183
other
-
-
-
1
total
-
-
-
465
Employee
504
-
758
-
other
-
-
1
-
income
106
-
180
-
pensions
24
-
36
-
unemployment
8
-
12
-
total
138
-
229
-
Employer
504
-
758
-
accident
10
-
15
-
unemployment
28
-
42
-
pensions
119
-
179
-
other
4
-
6
-
total
161
-
242
-
Corporate
335
1 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

50
150
-
-
total
50
150
-
-
Dividends
284
850
-
-
withholding
57
176
-
-
total
57
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
406
326
471
465
After tax
594
674
529
535
Living cost
366
366
366
366
Free-cash
228
308
163
169

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
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
-€5
€69
€23
€61
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
8
surtax
-
-
-
50
pensions
-
-
-
150
communal
-
-
-
63
health
-
-
-
70
income
-
-
-
85
total
-
-
-
426
Employee
767
-
893
-
income
74
-
108
-
pensions
61
-
71
-
surtax
47
-
55
-
health
34
-
40
-
total
216
-
274
-
Employer
767
-
893
-
accident
7
-
8
-
health
23
-
27
-
pensions
61
-
71
-
total
91
-
106
-
Corporate
141
1 000
-
-
surtax
1
10
-
-
communal
-
68
-
-
income
21
150
-
-
total
22
228
-
-
Dividends
118
772
-
-
income
107
44
-
-
withholding
18
116
-
-
total
125
160
-
-
Income
1 000
1 000
1 000
1 000
Total tax
454
388
380
426
After tax
546
612
620
574
Living cost
551
551
551
551
Free-cash
-5
61
69
23

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
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
€367
€269
€288
€401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
2
surtax
-
-
-
23
pensions
-
-
-
200
health
-
-
-
71
income
-
-
-
188
other
-
-
-
-
total
-
-
-
484
Employee
341
-
826
-
other
-
-
-
-
income
57
-
175
-
pensions
23
-
55
-
surtax
1
-
20
-
unemployment
24
-
58
-
health
9
-
21
-
total
114
-
329
-
Employer
341
-
826
-
unemployment
11
-
26
-
health
16
-
38
-
pensions
46
-
110
-
other
-
-
-
-
total
73
-
174
-
Corporate
587
1 000
-
-
income
153
260
-
-
total
153
260
-
-
Dividends
434
740
-
-
withholding
65
111
-
-
total
65
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
405
371
503
484
After tax
595
629
497
516
Living cost
228
228
228
228
Free-cash
367
401
269
288

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
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
€229
€191
€237
€252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
212
regional
-
-
-
15
municipal
-
-
-
6
social contributions
-
-
-
257
total
-
-
-
490
Employee
562
-
1 000
-
regional
8
-
13
-
national
89
-
181
-
social contributions
190
-
337
-
municipal
3
-
5
-
total
290
-
536
-
Employer
562
-
1 000
-
total
-
-
-
-
Corporate
438
1 000
-
-
nationa
105
240
-
-
municipal
22
50
-
-
total
127
290
-
-
Dividends
311
710
-
-
withholding
81
185
-
-
total
81
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
498
475
536
490
After tax
502
525
464
510
Living cost
273
273
273
273
Free-cash
229
252
191
237

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
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
€270
€197
€178
€379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
health
-
-
-
135
solidarity contribution
-
-
-
-
income
-
-
-
86
social contributions
-
-
-
292
total
-
-
-
513
Employee
454
-
746
-
solidarity contribution
-
-
-
-
income
54
-
90
-
social contributions
30
-
49
-
health
61
-
101
-
total
145
-
240
-
Employer
454
-
746
-
social contributions
113
-
187
-
health
41
-
67
-
total
154
-
254
-
Corporate
392
1 000
-
-
income
74
190
-
-
total
74
190
-
-
Dividends
317
810
-
-
withholding
48
122
-
-
total
48
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
421
312
494
513
After tax
579
688
506
487
Living cost
309
309
309
309
Free-cash
270
379
197
178

Estimated living cost  is €309 per week

€230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
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
€235
-€17
€187
€239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
185
health
-
-
-
76
income
-
-
-
163
chamber of commerce
-
-
-
4
total
-
-
-
490
Employee
443
404
777
-
other
4
4
8
-
income
39
30
146
-
pensions
45
41
80
-
unemployment
13
12
23
-
health
17
16
30
-
total
118
103
287
-
Employer
443
404
777
-
chamber of commerce
2
2
3
-
surtax
-
-
-
-
accident
6
5
10
-
payroll
13
12
23
-
unemployment
13
12
23
-
health
17
15
29
-
pensions
56
51
97
-
other
21
19
37
-
total
128
116
222
-
Corporate
430
480
738
-
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.

107
120
185
-
total
107
120
185
-
Dividends
322
360
-
-
withholding
89
99
-
-
total
89
99
-
-
Income
1 000
1 000
1 000
1 000
Total tax
442
438
694
490
After tax
558
562
306
510
Living cost
323
323
323
323
Free-cash
235
239
-17
187

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
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
€784
€660
€850
€810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
175
-
1 000
-
income
35
-
200
-
total
35
-
200
-
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%.

825
1 000
-
-
total
-
-
-
-
Dividends
825
1 000
-
-
withholding
41
50
-
-
total
41
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
76
50
200
10
After tax
924
950
800
990
Living cost
140
140
140
140
Free-cash
784
810
660
850

Estimated living cost  is €140 per week

€95
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€35
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
€331
€216
€245
€416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
unemployment
-
-
-
2
pensions
-
-
-
183
health
-
-
-
98
income
-
-
-
200
total
-
-
-
483
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.

448
-
865
-
income
77
-
185
-
pensions
69
-
134
-
unemployment
1
-
1
-
health
29
-
56
-
total
176
-
376
-
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.

448
-
865
-
unemployment
-
-
1
-
health
30
-
58
-
pensions
40
-
77
-
total
70
-
136
-
Corporate
482
1 000
-
-
income
92
190
-
-
total
92
190
-
-
Dividends
391
810
-
-
withholding
59
122
-
-
total
59
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
397
312
512
483
After tax
603
688
488
517
Living cost
272
272
272
272
Free-cash
331
416
216
245

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
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
-€651
€376
€213
€130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
195
social contributions
-
-
-
114
total
-
-
-
309
Employee
685
-
-
-
income
151
-
-
-
social contributions
56
-
8
-
total
207
-
8
-
Employer
685
-
-
-
social contributions
966
-
138
-
total
966
-
138
-
Corporate
-
1 000
-
-
income
-
220
-
-
total
-
220
-
-
Dividends
-
780
-
-
income
-
172
-
-
total
-
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 173
392
146
309
After tax
-173
608
854
691
Living cost
478
478
478
478
Free-cash
-651
130
376
213

Estimated living cost  is €478 per week

€310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€117
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
€240
€192
€241
€251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax
-
-
-
-
income
-
-
-
93
social contributions

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

-
-
-
348
total
-
-
-
441
Employee
466
-
808
-
income
97
-
209
-
surtax
-
-
-
-
social contributions
51
-
89
-
total
148
-
298
-
Employer
466
-
808
-
social contributions
111
-
192
-
total
111
-
192
-
Corporate
423
1 000
-
-
surtax
-
-
-
-
income
89
210
-
-
total
89
210
-
-
Dividends
334
790
-
-
withholding
94
221
-
-
total
94
221
-
-
Income
1 000
1 000
1 000
1 000
Total tax
442
431
490
441
After tax
558
569
510
559
Living cost
318
318
318
318
Free-cash
240
251
192
241

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
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
€85
€78
€88
€15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
surtax
-
-
-
-
pensions
-
-
-
253
health
-
-
-
18
income
-
-
-
93
social contributions
-
-
-
28
other
-
-
-
31
total
-
-
-
423
Employee
635
-
762
-
income
55
-
88
-
pensions
72
-
86
-
surtax
-
-
-
-
social contributions
18
-
22
-
total
145
-
196
-
Employer
635
-
762
-
unemployment
26
-
31
-
social contributions
2
-
2
-
health
44
-
53
-
pensions
104
-
125
-
other
22
-
26
-
total
198
-
237
-
Corporate
167
1 000
-
-
surtax
-
-
-
-
income
47
280
-
-
total
47
280
-
-
Dividends
120
720
-
-
surtax
-
-
-
-
social contributions
21
124
-
-
withholding
15
92
-
-
total
36
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
426
496
433
423
After tax
574
504
567
577
Living cost
489
489
489
489
Free-cash
85
15
78
88

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
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
€562
€486
€459
€595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
16
social contributions
-
-
-
220
total
-
-
-
236
Employee
326
-
866
-
income
-
-
19
-
social contributions
21
-
56
-
total
21
-
75
-
Employer
326
-
866
-
social contributions
50
-
134
-
total
50
-
134
-
Corporate
624
1 000
-
-
income
62
100
-
-
total
62
100
-
-
Dividends
561
900
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
133
100
209
236
After tax
867
900
791
764
Living cost
305
305
305
305
Free-cash
562
595
486
459

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
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
-€1204
-€1204
€134
-€1204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
106
pensions
-
-
-
9
municipal
-
-
-
185
labour market
-
-
-
79
total
-
-
-
379
Employee
2 056
2 056
2 056
-
labour market
164
164
164
-
pensions
3
3
3
-
national
251
251
251
-
municipal
438
438
438
-
total
856
856
856
-
Employer
2 056
2 056
2 056
-
labour market
164
164
164
-
national
252
252
252
-
municipal
439
439
439
-
pensions
6
6
6
-
total
861
861
861
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 717
1 717
1 717
379
After tax
-717
-717
-717
621
Living cost
487
487
487
487
Free-cash
-1 204
-1 204
-1 204
134

Estimated living cost  is €487 per week

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
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
€48
€301
€470
-€135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
pensions
-
-
-
41
health
-
-
-
22
income
-
-
-
244
other
-
-
-
4
total
-
-
-
314
Employee
340
-
855
-
income
47
-
164
-
pensions
38
-
76
-
health
39
-
98
-
total
124
-
338
-
Employer
340
-
855
-
accident
6
-
14
-
unemployment
8
-
21
-
pensions
55
-
110
-
total
69
-
145
-
Corporate
591
1 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

532
900
-
-
total
532
900
-
-
Dividends
59
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
736
919
483
314
After tax
264
81
517
686
Living cost
216
216
216
216
Free-cash
48
-135
301
470

Estimated living cost  is €216 per week

€157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
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
€254
€183
€323
€277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 000
national
-
-
-
99
health
-
-
-
11
municipal
-
-
-
178
total
-
-
-
288
Employee
533
-
841
-
pensions
36
-
57
-
national
9
-
54
-
unemployment
8
-
13
-
municipal
87
-
137
-
health
4
-
9
-
total
144
-
270
-
Employer
533
-
841
-
accident
1
-
1
-
unemployment
3
-
5
-
health
4
-
6
-
pensions
92
-
146
-
total
100
-
158
-
Corporate
366
1 000
-
-
income
73
200
-
-
total
73
200
-
-
Dividends

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

220
600
-
-
national
-
26
-
-
municipal
40
108
-
-
total
40
134
-
-
Income
1 000
1 000
1 000
1 000
Total tax
357
334
428
288
After tax
643
666
572
712
Living cost
389
389
389
389
Free-cash
254
277
183
323

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
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
€442
€476
€476
€497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
health
-
-
-
26
income
-
-
-
107
social contributions
-
-
-
156
total
-
-
-
289
Employee
779
779
908
-
income
85
72
107
-
social contributions
29
65
75
-
health
6
13
15
-
total
120
150
197
-
Employer
779
779
908
-
social contributions
29
65
75
-
health
7
14
17
-
total
36
79
92
-
Corporate
609
142
-
-
income
76
18
-
-
total
76
18
-
-
Dividends
533
124
-
-
withholding
91
21
-
-
total
91
21
-
-
Income
1 000
1 000
1 000
1 000
Total tax
323
268
289
289
After tax
677
732
711
711
Living cost
235
235
235
235
Free-cash
442
497
476
476

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
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
€615
€455
€643
€667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 000
unemployment
-
-
-
-
pensions
-
-
-
64
health
-
-
-
37
income
-
-
-
95
total
-
-
-
196
Employee

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

233
-
907
-
income
16
-
72
-
pensions
35
-
136
-
unemployment
1
-
5
-
health
20
-
77
-
total
72
-
290
-
Employer

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

233
-
907
-
unemployment
1
-
5
-
health
10
-
39
-
pensions
13
-
50
-
total
24
-
94
-
Corporate
743
1 000
-
-
income
67
90
-
-
total
67
90
-
-
Dividends
677
910
-
-
withholding
61
82
-
-
total
61
82
-
-
Income
1 000
1 000
1 000
1 000
Total tax
224
172
384
196
After tax
776
828
616
804
Living cost
161
161
161
161
Free-cash
615
667
455
643

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
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
€342
€250
€256
€395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
7
accident
-
-
-
8
pensions
-
-
-
266
income
-
-
-
183
other
-
-
-
1
total
-
-
-
465
Employee
375
-
758
-
other
-
-
1
-
income
72
-
180
-
pensions
18
-
36
-
unemployment
6
-
12
-
total
96
-
229
-
Employer
375
-
758
-
accident
7
-
15
-
unemployment
21
-
42
-
pensions
88
-
179
-
other
3
-
6
-
total
119
-
242
-
Corporate
506
1 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

76
150
-
-
total
76
150
-
-
Dividends
430
850
-
-
withholding
88
176
-
-
total
88
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
379
326
471
465
After tax
621
674
529
535
Living cost
279
279
279
279
Free-cash
342
395
250
256

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
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
€604
€621
€623
€607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
13
health
-
-
-
9
income
-
-
-
338
total
-
-
-
360
Employee
27
-
986
-
income
5
-
338
-
pensions
2
-
6
-
unemployment
-
-
1
-
health
1
-
3
-
total
8
-
348
-
Employer
27
-
986
-
unemployment
1
-
1
-
health
3
-
6
-
pensions
3
-
7
-
total
7
-
14
-
Corporate
967
1 000
-
-
income
213
220
-
-
total
213
220
-
-
Dividends
755
780
-
-
withholding
151
156
-
-
total
151
156
-
-
Income
1 000
1 000
1 000
1 000
Total tax
379
376
362
360
After tax
621
624
638
640
Living cost
17
17
17
17
Free-cash
604
607
621
623

Estimated living cost  is €17 per week

€10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€5
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
€497
€352
€353
€548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
unemployment
-
-
-
11
pensions
-
-
-
194
health
-
-
-
77
income
-
-
-
190
total
-
-
-
472
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.

264
-
866
-
income
36
-
190
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
38
-
total
89
-
339
-
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.

264
-
866
-
unemployment
2
-
6
-
health
14
-
38
-
pensions
32
-
90
-
total
48
-
134
-
Corporate
689
1 000
-
-
income
103
150
-
-
total
103
150
-
-
Dividends
586
850
-
-
withholding
88
127
-
-
total
88
127
-
-
Income
1 000
1 000
1 000
1 000
Total tax
328
277
473
472
After tax
672
723
527
528
Living cost
175
175
175
175
Free-cash
497
548
352
353

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
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
€292
€237
€286
€296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax
-
-
-
-
income
-
-
-
93
social contributions

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

-
-
-
348
total
-
-
-
441
Employee
393
-
808
-
income
77
-
209
-
surtax
-
-
-
-
social contributions
43
-
89
-
total
120
-
298
-
Employer
393
-
808
-
social contributions
93
-
192
-
total
93
-
192
-
Corporate
513
1 000
-
-
surtax
-
-
-
-
income
108
210
-
-
total
108
210
-
-
Dividends
406
790
-
-
withholding
114
221
-
-
total
114
221
-
-
Income
1 000
1 000
1 000
1 000
Total tax
435
431
490
441
After tax
565
569
510
559
Living cost
273
273
273
273
Free-cash
292
296
237
286

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
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
€240
€173
€179
€318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
7
accident
-
-
-
8
pensions
-
-
-
266
income
-
-
-
183
other
-
-
-
1
total
-
-
-
465
Employee
489
-
758
-
other
-
-
1
-
income
102
-
180
-
pensions
23
-
36
-
unemployment
8
-
12
-
total
133
-
229
-
Employer
489
-
758
-
accident
10
-
15
-
unemployment
27
-
42
-
pensions
116
-
179
-
other
4
-
6
-
total
157
-
242
-
Corporate
355
1 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

53
150
-
-
total
53
150
-
-
Dividends
301
850
-
-
withholding
61
176
-
-
total
61
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
404
326
471
465
After tax
596
674
529
535
Living cost
356
356
356
356
Free-cash
240
318
173
179

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
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
€611
€602
€572
€674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
unemployment
-
-
-
1
pensions

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

-
-
-
54
health
-
-
-
42
income
-
-
-
150
total
-
-
-
247
Employee
239
-
928
-
income
24
-
93
-
pensions

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

21
-
32
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
17
-
total
59
-
146
-
Employer
239
-
928
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
health
16
-
25
-
pensions

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

26
-
40
-
total
46
-
71
-
Corporate
714
1 000
-
-
income
71
100
-
-
total
71
100
-
-
Dividends
643
900
-
-
withholding
32
45
-
-
total
32
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
208
145
217
247
After tax
792
855
783
753
Living cost
181
181
181
181
Free-cash
611
674
602
572

Estimated living cost  is €181 per week

€119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€47
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
€259
€323
€247
€125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
surtax

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

-
-
-
11
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.

-
-
-
69
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.

-
-
-
206
trade
-
-
-
76
total
-
-
-
362
Employee

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

504
-
1 000
-
income

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

41
-
206
-
surtax

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

2
-
11
-
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.

69
-
69
-
total
112
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
496
1 000
-
-
surtax

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

4
8
-
-
chamber of commerce
2
3
-
-
income
74
150
-
-
trade
71
144
-
-
total
151
305
-
-
Dividends
344
695
-
-
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.

5
9
-
-
withholding
82
170
-
-
total
87
179
-
-
Income
1 000
1 000
1 000
1 000
Total tax
350
484
286
362
After tax
650
516
714
638
Living cost
391
391
391
391
Free-cash
259
125
323
247

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
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
€145
€102
€102
€123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
232
social contributions
-
-
-
89
total
-
-
-
321
Employee
793
-
1 000
-
income
150
-
232
-
social contributions
66
-
89
-
total
216
-
321
-
Employer
793
-
1 000
-
total
-
-
-
-
Corporate
207
1 000
-
-
income
26
125
-
-
total
26
125
-
-
Dividends
181
875
-
-
withholding
36
175
-
-
total
36
175
-
-
Income
1 000
1 000
1 000
1 000
Total tax
278
300
321
321
After tax
722
700
679
679
Living cost
577
577
577
577
Free-cash
145
123
102
102

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
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
€269
€365
€280
€228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
health

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

-
-
-
64
income
-
-
-
288
total
-
-
-
352
Employee
465
-
953
-
income
50
-
173
-
social contributions
47
-
47
-
total
97
-
220
-
Employer
465
-
953
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
489
1 000
-
-
income
171
350
-
-
total
171
350
-
-
Dividends
318
650
-
-
social contributions
48
54
-
-
total
48
54
-
-
Income
1 000
1 000
1 000
1 000
Total tax
363
404
267
352
After tax
637
596
733
648
Living cost
368
368
368
368
Free-cash
269
228
365
280

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
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
€309
€245
€344
€360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
73
income
-
-
-
201
total
-
-
-
274
Employee
525
-
881
-
income
96
-
157
-
pensions
40
-
83
-
health
7
-
14
-
total
143
-
254
-
Employer
525
-
881
-
health
10
-
17
-
pensions
53
-
102
-
total
63
-
119
-
Corporate
412
1 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

78
190
-
-
total
78
190
-
-
Dividends
334
810
-
-
withholding
25
68
-
-
total
25
68
-
-
Income
1 000
1 000
1 000
1 000
Total tax
309
258
373
274
After tax
691
742
627
726
Living cost
382
382
382
382
Free-cash
309
360
245
344

Estimated living cost  is €382 per week

€262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€80
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
€45
€280
€449
-€156
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
accident
-
-
-
3
pensions
-
-
-
41
health
-
-
-
22
income
-
-
-
244
other
-
-
-
4
total
-
-
-
314
Employee
373
-
855
-
income
51
-
164
-
pensions
42
-
76
-
health
43
-
98
-
total
136
-
338
-
Employer
373
-
855
-
accident
6
-
14
-
unemployment
9
-
21
-
pensions
61
-
110
-
total
76
-
145
-
Corporate
551
1 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

496
900
-
-
total
496
900
-
-
Dividends
55
100
-
-
withholding
10
19
-
-
total
10
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
718
919
483
314
After tax
282
81
517
686
Living cost
237
237
237
237
Free-cash
45
-156
280
449

Estimated living cost  is €237 per week

€174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
€664
€487
€435
€704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
unemployment
-
-
-
12
pensions
-
-
-
184
income
-
-
-
153
health insurance
-
-
-
74
work injury
-
-
-
5
total
-
-
-
428
Employee

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

219
-
1 000
-
income
22
-
153
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
total
82
-
376
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
781
1 000
-
-
income

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

-
10
-
-
total
-
10
-
-
Dividends
781
990
-
-
withholding
117
149
-
-
total
117
149
-
-
Income
1 000
1 000
1 000
1 000
Total tax
199
159
376
428
After tax
801
841
624
572
Living cost
137
137
137
137
Free-cash
664
704
487
435

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
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
€77
€55
€100
€123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
212
regional
-
-
-
20
municipal
-
-
-
7
social contributions
-
-
-
257
total
-
-
-
496
Employee
854
-
1 000
-
regional
13
-
17
-
national
144
-
181
-
social contributions
288
-
337
-
municipal
5
-
6
-
total
450
-
541
-
Employer
854
-
1 000
-
total
-
-
-
-
Corporate
146
1 000
-
-
nationa
35
240
-
-
municipal
7
48
-
-
total
42
288
-
-
Dividends
104
712
-
-
withholding
27
185
-
-
total
27
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
519
473
541
496
After tax
481
527
459
504
Living cost
404
404
404
404
Free-cash
77
123
55
100

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
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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