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
€199
€407
€324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
83
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
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
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
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
-
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
-
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
-
total
81
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
612
1 000
-
-
trade
96
158
-
-
income
92
150
-
-
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
-
-
total
195
319
-
-
Dividends
417
681
-
-
withholding
100
166
-
-
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
-
-
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
€93
€102
€90
€82
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
11
pensions
-
-
-
120
municipal
-
-
-
104
national
-
-
-
161
total
-
-
-
396
Employee
809
-
864
-
national
155
-
167
-
municipal
100
-
108
-
pensions
32
-
35
-
total
287
-
310
-
Employer
809
-
864
-
pensions
65
-
69
-
social contributions
9
-
9
-
total
74
-
78
-
Corporate
64
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%.

13
200
-
-
total
13
200
-
-
Dividends
51
800
-
-
withholding
11
176
-
-
total
11
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
385
376
388
396
After tax
615
624
612
604
Living cost
522
522
522
522
Free-cash
93
102
90
82

Estimated living cost  is €522 per week

€355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€49
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.
€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

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
€589
€353
€322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
145
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
467
Employee
296
-
806
-
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
-
income
53
-
153
-
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
€50
-€7
€142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
pensions
-
-
-
119
health
-
-
-
121
total
-
-
-
433
Employee
865
865
865
-
health
133
113
133
-
pensions
156
119
156
-
income

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

142
142
142
-
total
431
374
431
-
Employer
865
865
865
-
pensions
60
60
60
-
unemployment
31
31
31
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
€111
€121
€109
€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
other
-
-
-
108
unemployment
-
-
-
1
pensions
-
-
-
101
municipal
-
-
-
218
accident
-
-
-
2
national
-
-
-
-
health
-
-
-
58
total
-
-
-
488
Employee
606
-
761
-
national
-
-
-
-
municipal
181
-
227
-
total
181
-
227
-
Employer
606
-
761
-
other
70
-
88
-
accident
1
-
2
-
pensions
66
-
82
-
unemployment
16
-
20
-
health
37
-
47
-
total
190
-
239
-
Corporate
204
1 000
-
-
income
45
220
-
-
total
45
220
-
-
Dividends
159
780
-
-
withholding
48
234
-
-
total
48
234
-
-
Income
1 000
1 000
1 000
1 000
Total tax
464
454
466
488
After tax
536
546
534
512
Living cost
425
425
425
425
Free-cash
111
121
109
87

Estimated living cost  is €425 per week

€282
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.
€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 Stockholm model

Close
Hamburg , Germany
€246
€103
€316
€229
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
87
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
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
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
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
-
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
-
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
-
total
115
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
486
1 000
-
-
trade
80
164
-
-
income
73
150
-
-
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
-
-
total
159
325
-
-
Dividends
327
674
-
-
withholding
78
165
-
-
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
-
-
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
€403
€382
€382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
156
income
-
-
-
107
health
-
-
-
26
total
-
-
-
289
Employee
779
779
908
-
health
8
13
15
-
social contributions
38
65
75
-
income
82
72
107
-
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
€378
€374
€390
€504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
122
pensions
-
-
-
100
health
-
-
-
70
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.

272
108
837
-
unemployment
4
2
13
-
health
19
8
59
-
pensions
27
11
84
-
income
33
13
102
-
total
83
34
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.

272
108
837
-
pensions
53
21
163
-
total
53
21
163
-
Corporate
675
871
-
-
income
61
78
-
-
total
61
78
-
-
Dividends
614
792
-
-
withholding
117
151
-
-
social contributions
119
153
-
-
total
236
304
-
-
Income
1 000
1 000
1 000
1 000
Total tax
433
437
421
307
After tax
567
563
579
693
Living cost
188
188
188
188
Free-cash
378
374
390
504

Estimated living cost  is €188 per week

€129
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.
€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.
€41
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
€555
€332
€291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
134
pensions
-
-
-
200
health
-
-
-
130
total
-
-
-
464
Employee
287
-
747
-
unemployment
5
-
12
-
pensions
6
-
15
-
income
32
-
144
-
total
43
-
171
-
Employer
287
-
747
-
pensions
58
-
149
-
unemployment
2
-
6
-
health
37
-
97
-
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
€47
-€147
€287
€458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
4
income
-
-
-
241
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
314
Employee
359
-
851
-
health
41
-
97
-
pensions
40
-
79
-
income
49
-
160
-
total
130
-
336
-
Employer
359
-
851
-
accident
6
-
14
-
pensions
58
-
114
-
unemployment
9
-
21
-
total
73
-
149
-
Corporate
568
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.

511
900
-
-
total
511
900
-
-
Dividends
57
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
725
919
485
314
After tax
275
81
515
686
Living cost
228
228
228
228
Free-cash
47
-147
287
458

Estimated living cost  is €228 per week

€167
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.
€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

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
€851
€867
€717
€907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
104
-
1 000
-
income
21
-
200
-
total
21
-
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%.

896
1 000
-
-
total
-
-
-
-
Dividends
896
1 000
-
-
withholding
45
50
-
-
total
45
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
66
50
200
10
After tax
934
950
800
990
Living cost
83
83
83
83
Free-cash
851
867
717
907

Estimated living cost  is €83 per week

€52
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.
€22
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
€465
€316
€271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
income
-
-
-
127
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
total
-
-
-
459
Employee
368
-
799
-
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.

26
-
56
-
income
63
-
138
-
total
98
-
213
-
Employer
368
-
799
-
other
18
-
40
-
accident
3
-
6
-
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
-
unemployment
4
-
8
-
health
5
-
11
-
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
-€83
€65
-€47
€49
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
205
pensions
-
-
-
73
total
-
-
-
278
Employee
952
-
881
-
health
16
-
14
-
pensions
92
-
83
-
income
172
-
157
-
total
280
-
254
-
Employer
952
-
881
-
pensions
112
-
103
-
health
18
-
17
-
total
130
-
120
-
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
-
72
-
-
total
-
72
-
-
Income
1 000
1 000
1 000
1 000
Total tax
410
262
374
278
After tax
590
738
626
722
Living cost
673
673
673
673
Free-cash
-83
65
-47
49

Estimated living cost  is €673 per week

€504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
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.
€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

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
€675
€722
€653
€622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
150
pensions

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

-
-
-
53
health
-
-
-
41
total
-
-
-
245
Employee
177
-
930
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
16
-
pensions

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

16
-
31
-
income
18
-
93
-
total
44
-
144
-
Employer
177
-
930
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

19
-
39
-
unemployment
1
-
2
-
health
12
-
25
-
total
34
-
70
-
Corporate
789
1 000
-
-
income
79
100
-
-
total
79
100
-
-
Dividends
710
900
-
-
withholding
35
45
-
-
total
35
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
192
145
214
245
After tax
808
855
786
755
Living cost
133
133
133
133
Free-cash
675
722
653
622

Estimated living cost  is €133 per week

€78
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.
€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 Varna model

Close
Amsterdam , Netherlands
-€104
-€87
-€144
€5
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
pensions
-
-
-
119
health
-
-
-
121
total
-
-
-
433
Employee
940
865
865
-
health
117
113
133
-
pensions
119
119
156
-
income

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

142
142
142
-
total
378
374
431
-
Employer
940
865
865
-
pensions
65
60
60
-
unemployment
34
31
31
-
health
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
€347
€437
€254
€235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
292
income
-
-
-
86
health
-
-
-
135
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
371
-
746
-
solidarity contribution
-
-
-
-
health
50
-
101
-
social contributions
24
-
49
-
income
44
-
90
-
total
118
-
240
-
Employer
371
-
746
-
social contributions
93
-
187
-
health
33
-
67
-
total
126
-
254
-
Corporate
503
1 000
-
-
income
96
190
-
-
total
96
190
-
-
Dividends
408
810
-
-
withholding
61
121
-
-
total
61
121
-
-
Income
1 000
1 000
1 000
1 000
Total tax
401
311
494
513
After tax
599
689
506
487
Living cost
252
252
252
252
Free-cash
347
437
254
235

Estimated living cost  is €252 per week

€175
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
€106
€39
€86
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
11
social contributions
-
-
-
257
municipal
-
-
-
6
national
-
-
-
212
total
-
-
-
486
Employee
901
-
1 000
-
national
156
-
181
-
regional
8
-
10
-
municipal
5
-
5
-
social contributions
304
-
337
-
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
€405
€273
€292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
188
pensions
-
-
-
200
health
-
-
-
71
surtax
-
-
-
23
total
-
-
-
484
Employee
335
-
826
-
surtax
1
-
20
-
unemployment
23
-
58
-
other
-
-
-
-
health
9
-
21
-
pensions
22
-
55
-
income
56
-
175
-
total
111
-
329
-
Employer
335
-
826
-
other
-
-
-
-
pensions
45
-
110
-
unemployment
11
-
26
-
health
15
-
38
-
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
€211
€278
€166
€262
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
205
pensions
-
-
-
73
total
-
-
-
278
Employee
638
-
881
-
health
9
-
14
-
pensions
54
-
83
-
income
115
-
157
-
total
178
-
254
-
Employer
638
-
881
-
pensions
69
-
103
-
health
12
-
17
-
total
81
-
120
-
Corporate
281
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.

53
190
-
-
total
53
190
-
-
Dividends
227
810
-
-
withholding
17
72
-
-
total
17
72
-
-
Income
1 000
1 000
1 000
1 000
Total tax
329
262
374
278
After tax
671
738
626
722
Living cost
460
460
460
460
Free-cash
211
278
166
262

Estimated living cost  is €460 per week

€344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.
€76
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
-€30
-€346
-€18
€32
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
city
-
-
-
11
regional
-
-
-
33
pensions
-
-
-
92
national
-
-
-
5
health
-
-
-
3
total
-
-
-
164
Employee
941
-
895
-
national
4
-
4
-
unemployment
-
-
-
-
city
10
-
10
-
regional
31
-
28
-
health
2
-
2
-
pensions
79
-
75
-
total
126
-
119
-
Employer
941
-
895
-
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
-
pensions
79
-
75
-
unemployment
-
-
-
-
health
2
-
2
-
total
100
-
95
-
Corporate
-
1 000
-
-
regional
-
211
-
-
national
-
85
-
-
total
-
296
-
-
Dividends
-
704
-
-
withholding
-
246
-
-
total
-
246
-
-
Income
1 000
1 000
1 000
1 000
Total tax
226
542
214
164
After tax
774
458
786
836
Living cost
804
804
804
804
Free-cash
-30
-346
-18
32

Estimated living cost  is €804 per week

€523
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
€31
€250
€159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
91
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
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
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
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
-
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
-
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
-
total
145
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
391
1 000
-
-
trade
67
172
-
-
income
59
150
-
-
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
-
-
total
131
333
-
-
Dividends
260
667
-
-
withholding
61
163
-
-
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
-
-
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
€157
€220
€230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
31
social contributions
-
-
-
28
income
-
-
-
93
pensions
-
-
-
253
health
-
-
-
18
surtax
-
-
-
-
total
-
-
-
423
Employee
434
-
762
-
surtax
-
-
-
-
pensions
49
-
86
-
social contributions
12
-
22
-
income
26
-
88
-
total
87
-
196
-
Employer
434
-
762
-
other
15
-
26
-
pensions
71
-
125
-
unemployment
18
-
31
-
social contributions
1
-
2
-
health
30
-
53
-
total
135
-
237
-
Corporate
431
1 000
-
-
income
121
280
-
-
surtax
-
-
-
-
total
121
280
-
-
Dividends
310
720
-
-
withholding
40
92
-
-
social contributions
53
124
-
-
surtax
-
-
-
-
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
€192
€255
€265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
31
social contributions
-
-
-
28
income
-
-
-
93
pensions
-
-
-
253
health
-
-
-
18
surtax
-
-
-
-
total
-
-
-
423
Employee
387
-
762
-
surtax
-
-
-
-
pensions
44
-
86
-
social contributions
11
-
22
-
income
20
-
88
-
total
75
-
196
-
Employer
387
-
762
-
other
13
-
26
-
pensions
64
-
125
-
unemployment
16
-
31
-
social contributions
1
-
2
-
health
27
-
53
-
total
121
-
237
-
Corporate
492
1 000
-
-
income
138
280
-
-
surtax
-
-
-
-
total
138
280
-
-
Dividends
354
720
-
-
withholding
45
92
-
-
social contributions
61
124
-
-
surtax
-
-
-
-
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
€396
€429
€427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
138
income
-
-
-
150
health
-
-
-
70
total
-
-
-
358
Employee
344
-
1 000
-
health
24
-
70
-
social contributions
47
-
138
-
income
57
-
148
-
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
-
-
health
44
66
-
-
withholding
94
142
-
-
social contributions
86
131
-
-
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
€204
-€50
€151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
income
-
-
-
163
pensions
-
-
-
185
health
-
-
-
76
surtax
-
-
-
2
total
-
-
-
492
Employee
506
404
775
-
unemployment
15
12
23
-
other
5
4
8
-
health
20
16
30
-
pensions
52
41
79
-
income
58
30
145
-
total
150
103
285
-
Employer
506
404
775
-
payroll
15
12
23
-
other
24
19
37
-
accident
7
5
10
-
pensions
64
51
97
-
unemployment
15
12
23
-
chamber of commerce
2
2
3
-
surtax
2
2
2
-
health
19
15
29
-
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
€192
€22
€102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
155
national
-
-
-
323
communal

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

-
-
-
51
total
-
-
-
529
Employee

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

725
-
774
-
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
-
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
-
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
-
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
-
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
-
surtax
82
-
88
-
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
-
total
211
-
226
-
Corporate
64
1 000
-
-
income
13
200
-
-
surtax
-
4
-
-
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
€308
€163
€169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
183
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
465
Employee
504
-
758
-
unemployment
8
-
12
-
other
-
-
1
-
pensions
24
-
36
-
income
106
-
180
-
total
138
-
229
-
Employer
504
-
758
-
other
4
-
6
-
accident
10
-
15
-
pensions
119
-
179
-
unemployment
28
-
42
-
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
€61
€69
€23
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
85
pensions
-
-
-
150
accident
-
-
-
8
communal
-
-
-
63
health
-
-
-
70
surtax
-
-
-
50
total
-
-
-
426
Employee
767
-
893
-
surtax
47
-
55
-
health
34
-
40
-
pensions
61
-
71
-
income
74
-
108
-
total
216
-
274
-
Employer
767
-
893
-
accident
7
-
8
-
pensions
61
-
71
-
health
23
-
27
-
total
91
-
106
-
Corporate
141
1 000
-
-
income
21
150
-
-
communal
-
68
-
-
surtax
1
10
-
-
total
22
228
-
-
Dividends
118
772
-
-
withholding
18
116
-
-
income
107
44
-
-
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
€401
€269
€288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
188
pensions
-
-
-
200
health
-
-
-
71
surtax
-
-
-
23
total
-
-
-
484
Employee
341
-
826
-
surtax
1
-
20
-
unemployment
24
-
58
-
other
-
-
-
-
health
9
-
21
-
pensions
23
-
55
-
income
57
-
175
-
total
114
-
329
-
Employer
341
-
826
-
other
-
-
-
-
pensions
46
-
110
-
unemployment
11
-
26
-
health
16
-
38
-
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
€252
€191
€237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
15
social contributions
-
-
-
257
municipal
-
-
-
6
national
-
-
-
212
total
-
-
-
490
Employee
562
-
1 000
-
national
89
-
181
-
regional
8
-
13
-
municipal
3
-
5
-
social contributions
190
-
337
-
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
€266
€378
€195
€176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
292
income
-
-
-
86
health
-
-
-
135
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
457
-
746
-
solidarity contribution
-
-
-
-
health
62
-
101
-
social contributions
30
-
49
-
income
55
-
90
-
total
147
-
240
-
Employer
457
-
746
-
social contributions
114
-
187
-
health
41
-
67
-
total
155
-
254
-
Corporate
388
1 000
-
-
income
74
190
-
-
total
74
190
-
-
Dividends
314
810
-
-
withholding
47
121
-
-
total
47
121
-
-
Income
1 000
1 000
1 000
1 000
Total tax
423
311
494
513
After tax
577
689
506
487
Living cost
311
311
311
311
Free-cash
266
378
195
176

Estimated living cost  is €311 per week

€231
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
€239
-€17
€187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
income
-
-
-
163
pensions
-
-
-
185
health
-
-
-
76
surtax
-
-
-
-
total
-
-
-
490
Employee
443
404
777
-
unemployment
13
12
23
-
other
4
4
8
-
health
17
16
30
-
pensions
45
41
80
-
income
39
30
146
-
total
118
103
287
-
Employer
443
404
777
-
payroll
13
12
23
-
other
21
19
37
-
accident
6
5
10
-
pensions
56
51
97
-
unemployment
13
12
23
-
chamber of commerce
2
2
3
-
surtax
-
-
-
-
health
17
15
29
-
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
€795
€820
€670
€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
163
-
1 000
-
income
33
-
200
-
total
33
-
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%.

837
1 000
-
-
total
-
-
-
-
Dividends
837
1 000
-
-
withholding
42
50
-
-
total
42
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
75
50
200
10
After tax
925
950
800
990
Living cost
130
130
130
130
Free-cash
795
820
670
860

Estimated living cost  is €130 per week

€88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
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.
€32
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
€416
€216
€245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
200
pensions
-
-
-
183
health
-
-
-
98
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
-
unemployment
1
-
1
-
health
29
-
56
-
pensions
69
-
134
-
income
77
-
185
-
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
-
pensions
40
-
77
-
unemployment
-
-
1
-
health
30
-
58
-
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
-€507
€172
€430
€255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
114
income
-
-
-
195
total
-
-
-
309
Employee
626
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
626
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
-
1 000
-
-
income
-
220
-
-
total
-
220
-
-
Dividends
-
780
-
-
income
-
172
-
-
total
-
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 071
392
133
309
After tax
-71
608
867
691
Living cost
436
436
436
436
Free-cash
-507
172
430
255

Estimated living cost  is €436 per week

€283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
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.
€107
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
€251
€192
€241
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
348
income
-
-
-
93
surtax
-
-
-
-
total
-
-
-
441
Employee
466
-
808
-
surtax
-
-
-
-
social contributions
51
-
89
-
income
97
-
209
-
total
148
-
298
-
Employer
466
-
808
-
social contributions
111
-
192
-
total
111
-
192
-
Corporate
423
1 000
-
-
income
89
210
-
-
surtax
-
-
-
-
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
€15
€78
€88
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
31
social contributions
-
-
-
28
income
-
-
-
93
pensions
-
-
-
253
health
-
-
-
18
surtax
-
-
-
-
total
-
-
-
423
Employee
635
-
762
-
surtax
-
-
-
-
pensions
72
-
86
-
social contributions
18
-
22
-
income
55
-
88
-
total
145
-
196
-
Employer
635
-
762
-
other
22
-
26
-
pensions
104
-
125
-
unemployment
26
-
31
-
social contributions
2
-
2
-
health
44
-
53
-
total
198
-
237
-
Corporate
167
1 000
-
-
income
47
280
-
-
surtax
-
-
-
-
total
47
280
-
-
Dividends
120
720
-
-
withholding
15
92
-
-
social contributions
21
124
-
-
surtax
-
-
-
-
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
€595
€486
€459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
social contributions
21
-
56
-
income
-
-
19
-
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
-€1205
-€1205
-€1205
€134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9
municipal
-
-
-
185
labour market
-
-
-
79
national
-
-
-
106
total
-
-
-
379
Employee
2 057
2 057
2 057
-
national
251
251
251
-
municipal
438
438
438
-
labour market
164
164
164
-
pensions
3
3
3
-
total
856
856
856
-
Employer
2 057
2 057
2 057
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 718
1 718
1 718
379
After tax
-718
-718
-718
621
Living cost
487
487
487
487
Free-cash
-1 205
-1 205
-1 205
134

Estimated living cost  is €487 per week

€334
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
€47
-€144
€290
€461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
4
income
-
-
-
241
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
314
Employee
354
-
851
-
health
40
-
97
-
pensions
40
-
79
-
income
48
-
160
-
total
128
-
336
-
Employer
354
-
851
-
accident
6
-
14
-
pensions
57
-
114
-
unemployment
9
-
21
-
total
72
-
149
-
Corporate
574
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.

517
900
-
-
total
517
900
-
-
Dividends
57
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
728
919
485
314
After tax
272
81
515
686
Living cost
225
225
225
225
Free-cash
47
-144
290
461

Estimated living cost  is €225 per week

€164
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.
€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

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
€277
€183
€323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
178
national
-
-
-
99
health
-
-
-
11
total
-
-
-
288
Employee
533
-
841
-
national
9
-
54
-
unemployment
8
-
13
-
health
4
-
9
-
municipal
87
-
137
-
pensions
36
-
57
-
total
144
-
270
-
Employer
533
-
841
-
accident
1
-
1
-
pensions
92
-
146
-
unemployment
3
-
5
-
health
4
-
6
-
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
-
-
municipal
40
108
-
-
national
-
26
-
-
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
€497
€476
€476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
156
income
-
-
-
107
health
-
-
-
26
total
-
-
-
289
Employee
779
779
908
-
health
6
13
15
-
social contributions
29
65
75
-
income
85
72
107
-
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
€667
€455
€643
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

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

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

233
-
907
-
pensions
13
-
50
-
unemployment
1
-
5
-
health
10
-
39
-
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
€395
€250
€256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
183
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
465
Employee
375
-
758
-
unemployment
6
-
12
-
other
-
-
1
-
pensions
18
-
36
-
income
72
-
180
-
total
96
-
229
-
Employer
375
-
758
-
other
3
-
6
-
accident
7
-
15
-
pensions
88
-
179
-
unemployment
21
-
42
-
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
€602
€605
€619
€620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
337
pensions
-
-
-
14
health
-
-
-
10
total
-
-
-
361
Employee
29
-
984
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
3
-
6
-
income
6
-
336
-
total
10
-
346
-
Employer
29
-
984
-
pensions
3
-
8
-
unemployment
1
-
1
-
health
3
-
7
-
total
7
-
16
-
Corporate
964
1 000
-
-
income
212
220
-
-
total
212
220
-
-
Dividends
752
780
-
-
withholding
150
156
-
-
total
150
156
-
-
Income
1 000
1 000
1 000
1 000
Total tax
379
376
362
361
After tax
621
624
638
639
Living cost
19
19
19
19
Free-cash
602
605
619
620

Estimated living cost  is €19 per week

€11
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
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.
€6
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
€548
€350
€352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
190
pensions
-
-
-
195
health
-
-
-
77
total
-
-
-
473
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
-
unemployment
2
-
6
-
health
14
-
39
-
pensions
37
-
105
-
income
36
-
190
-
total
89
-
340
-
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
-
pensions
32
-
90
-
unemployment
2
-
6
-
health
14
-
39
-
total
48
-
135
-
Corporate
689
1 000
-
-
income
103
150
-
-
total
103
150
-
-
Dividends
585
850
-
-
withholding
88
127
-
-
total
88
127
-
-
Income
1 000
1 000
1 000
1 000
Total tax
328
277
475
473
After tax
672
723
525
527
Living cost
175
175
175
175
Free-cash
497
548
350
352

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
€296
€237
€286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
348
income
-
-
-
93
surtax
-
-
-
-
total
-
-
-
441
Employee
393
-
808
-
surtax
-
-
-
-
social contributions
43
-
89
-
income
77
-
209
-
total
120
-
298
-
Employer
393
-
808
-
social contributions
93
-
192
-
total
93
-
192
-
Corporate
513
1 000
-
-
income
108
210
-
-
surtax
-
-
-
-
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
€318
€173
€179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
183
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
465
Employee
489
-
758
-
unemployment
8
-
12
-
other
-
-
1
-
pensions
23
-
36
-
income
102
-
180
-
total
133
-
229
-
Employer
489
-
758
-
other
4
-
6
-
accident
10
-
15
-
pensions
116
-
179
-
unemployment
27
-
42
-
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
€617
€680
€611
€580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
150
pensions

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

-
-
-
53
health
-
-
-
41
total
-
-
-
245
Employee
232
-
930
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
income
23
-
93
-
total
57
-
144
-
Employer
232
-
930
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

26
-
39
-
unemployment
1
-
2
-
health
16
-
25
-
total
46
-
70
-
Corporate
723
1 000
-
-
income
72
100
-
-
total
72
100
-
-
Dividends
650
900
-
-
withholding
33
45
-
-
total
33
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
208
145
214
245
After tax
792
855
786
755
Living cost
175
175
175
175
Free-cash
617
680
611
580

Estimated living cost  is €175 per week

€116
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.
€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

Source of data for Sofia model

Close
Berlin , Germany
€259
€125
€323
€247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
76
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
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
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
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
-
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
-
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
-
total
112
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
496
1 000
-
-
trade
71
144
-
-
income
74
150
-
-
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
-
-
total
151
305
-
-
Dividends
344
695
-
-
withholding
82
170
-
-
surtax

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

5
9
-
-
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
€123
€102
€102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
89
income
-
-
-
232
total
-
-
-
321
Employee
793
-
1 000
-
social contributions
66
-
89
-
income
150
-
232
-
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
€228
€365
€282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62
income
-
-
-
288
total
-
-
-
350
Employee
465
-
953
-
social contributions
47
-
47
-
income
50
-
173
-
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
350
After tax
637
596
733
650
Living cost
368
368
368
368
Free-cash
269
228
365
282

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
€318
€364
€252
€348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
205
pensions
-
-
-
73
total
-
-
-
278
Employee
513
-
881
-
health
7
-
14
-
pensions
39
-
83
-
income
93
-
157
-
total
139
-
254
-
Employer
513
-
881
-
pensions
52
-
103
-
health
10
-
17
-
total
62
-
120
-
Corporate
425
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.

81
190
-
-
total
81
190
-
-
Dividends
345
810
-
-
withholding
26
72
-
-
total
26
72
-
-
Income
1 000
1 000
1 000
1 000
Total tax
308
262
374
278
After tax
692
738
626
722
Living cost
374
374
374
374
Free-cash
318
364
252
348

Estimated living cost  is €374 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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 Edinburgh model

Close
Warsaw , Poland
€44
-€166
€268
€439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
4
income
-
-
-
241
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
314
Employee
389
-
851
-
health
44
-
97
-
pensions
44
-
79
-
income
53
-
160
-
total
141
-
336
-
Employer
389
-
851
-
accident
6
-
14
-
pensions
63
-
114
-
unemployment
10
-
21
-
total
79
-
149
-
Corporate
532
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.

479
900
-
-
total
479
900
-
-
Dividends
53
100
-
-
withholding
10
19
-
-
total
10
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
709
919
485
314
After tax
291
81
515
686
Living cost
247
247
247
247
Free-cash
44
-166
268
439

Estimated living cost  is €247 per week

€181
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.
€46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€664
€705
€487
€435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
153
pensions
-
-
-
184
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
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
153
-
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
148
-
-
total
117
148
-
-
Income
1 000
1 000
1 000
1 000
Total tax
199
158
376
428
After tax
801
842
624
572
Living cost
137
137
137
137
Free-cash
664
705
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
€123
€55
€100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
20
social contributions
-
-
-
257
municipal
-
-
-
7
national
-
-
-
212
total
-
-
-
496
Employee
854
-
1 000
-
national
144
-
181
-
regional
13
-
17
-
municipal
5
-
6
-
social contributions
288
-
337
-
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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Estimated living cost

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Source

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