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

Valencia , Spain
€342
€250
€256
€395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
€396
€316
€271
€465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions

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

-
-
-
240
income
-
-
-
127
other
-
-
-
48
health
-
-
-
44
total
-
-
-
459
Employee
368
-
799
-
health
5
-
11
-
unemployment
4
-
8
-
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
-
health
5
-
11
-
pensions

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

63
-
136
-
accident
3
-
6
-
unemployment
4
-
8
-
other
18
-
40
-
total
93
-
201
-
Corporate
539
1 000
-
-
income
113
210
-
-
total
113
210
-
-
Dividends
426
790
-
-
withholding
30
55
-
-
total
30
55
-
-
Income
1 000
1 000
1 000
1 000
Total tax
334
265
414
459
After tax
666
735
586
541
Living cost
270
270
270
270
Free-cash
396
465
316
271

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
€675
€654
€623
€722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
150
health
-
-
-
41
total
-
-
-
244
Employee
176
-
930
-
health
8
-
16
-
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.

15
-
31
-
income
18
-
93
-
total
43
-
144
-
Employer
176
-
930
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
789
1 000
-
-
income
79
100
-
-
total
79
100
-
-
Dividends
710
900
-
-
withholding
36
45
-
-
total
36
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
192
145
213
244
After tax
808
855
787
756
Living cost
133
133
133
133
Free-cash
675
722
654
623

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.
€9
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
Nice , France
€217
€220
€230
€157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-€7
-€7
€142
€50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
119
income
-
-
-
193
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
-
health
60
60
60
-
pensions
60
60
60
-
unemployment
31
31
31
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
582
525
582
433
After tax
418
475
418
567
Living cost
425
425
425
425
Free-cash
-7
50
-7
142

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
€311
€407
€324
€199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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
-
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
-
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
-
total
81
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
612
1 000
-
-
income
92
150
-
-
trade
96
158
-
-
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
-
-
surtax

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

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

Estimated living cost  is €307 per week

€193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
€442
€476
€476
€497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
107
health
-
-
-
26
social contributions
-
-
-
156
total
-
-
-
289
Employee
779
779
908
-
health
6
13
15
-
income
85
72
107
-
social contributions
29
65
75
-
total
120
150
197
-
Employer
779
779
908
-
health
7
14
17
-
social contributions
29
65
75
-
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
Lisbon , Portugal
€240
€192
€241
€251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

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

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

-
-
-
348
surtax
-
-
-
-
total
-
-
-
441
Employee
466
-
808
-
income
97
-
209
-
social contributions
51
-
89
-
surtax
-
-
-
-
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
Batumi , Georgia
€860
€724
€914
€874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
95
-
1 000
-
income
19
-
200
-
total
19
-
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%.

905
1 000
-
-
total
-
-
-
-
Dividends
905
1 000
-
-
withholding
45
50
-
-
total
45
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
64
50
200
10
After tax
936
950
800
990
Living cost
76
76
76
76
Free-cash
860
874
724
914

Estimated living cost  is €76 per week

€47
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€20
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.

Ljubljana , Slovenia
€331
€216
€245
€416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 000
pensions
-
-
-
183
unemployment
-
-
-
2
income
-
-
-
200
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
-
health
29
-
56
-
unemployment
1
-
1
-
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
-
health
30
-
58
-
pensions
40
-
77
-
unemployment
-
-
1
-
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
Sliema , Malta
€269
€365
€280
€228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 000
income
-
-
-
288
health

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

-
-
-
64
total
-
-
-
352
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
352
After tax
637
596
733
648
Living cost
368
368
368
368
Free-cash
269
228
365
280

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€400
€429
€427
€396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
€305
€223
€204
€406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
86
health
-
-
-
135
social contributions
-
-
-
292
solidarity contribution
-
-
-
-
total
-
-
-
513
Employee
416
-
746
-
health
56
-
101
-
solidarity contribution
-
-
-
-
income
50
-
90
-
social contributions
27
-
49
-
total
133
-
240
-
Employer
416
-
746
-
health
37
-
67
-
social contributions
104
-
187
-
total
141
-
254
-
Corporate
442
1 000
-
-
income
84
190
-
-
total
84
190
-
-
Dividends
358
810
-
-
withholding
54
121
-
-
total
54
121
-
-
Income
1 000
1 000
1 000
1 000
Total tax
412
311
494
513
After tax
588
689
506
487
Living cost
283
283
283
283
Free-cash
305
406
223
204

Estimated living cost  is €283 per week

€211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€52
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
Tbilisi , Georgia
€810
€682
€872
€832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
147
-
1 000
-
income
29
-
200
-
total
29
-
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%.

853
1 000
-
-
total
-
-
-
-
Dividends
853
1 000
-
-
withholding
43
50
-
-
total
43
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
72
50
200
10
After tax
928
950
800
990
Living cost
118
118
118
118
Free-cash
810
832
682
872

Estimated living cost  is €118 per week

€80
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.
€29
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.

Paris , France
€85
€78
€88
€15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
€497
€353
€353
€547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
190
health
-
-
-
77
total
-
-
-
472
Employee

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

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

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

263
-
866
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
104
-
income
36
-
190
-
total
89
-
338
-
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.

263
-
866
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
690
1 000
-
-
income
103
150
-
-
total
103
150
-
-
Dividends
586
850
-
-
withholding
88
128
-
-
total
88
128
-
-
Income
1 000
1 000
1 000
1 000
Total tax
328
278
472
472
After tax
672
722
528
528
Living cost
175
175
175
175
Free-cash
497
547
353
353

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Zurich , Switzerland
€54
€77
€126
-€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
-
-
-
1 000
pensions
-
-
-
92
city
-
-
-
11
other

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

-
-
-
20
health
-
-
-
2
regional
-
-
-
36
national
-
-
-
8
total
-
-
-
169
Employee
826
-
895
-
health
2
-
2
-
unemployment
-
-
-
-
city
9
-
10
-
pensions
69
-
75
-
regional
27
-
31
-
national
4
-
5
-
total
111
-
123
-
Employer
826
-
895
-
health
2
-
2
-
pensions
69
-
75
-
unemployment
-
-
-
-
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.

17
-
18
-
total
88
-
95
-
Corporate
78
1 000
-
-
regional
16
211
-
-
national
7
85
-
-
total
23
296
-
-
Dividends
55
704
-
-
withholding
19
246
-
-
total
19
246
-
-
Income
1 000
1 000
1 000
1 000
Total tax
241
542
218
169
After tax
759
458
782
831
Living cost
705
705
705
705
Free-cash
54
-247
77
126

Estimated living cost  is €705 per week

€459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€175
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.

Helsinki , Finland
€254
€183
€323
€277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
1 000
municipal
-
-
-
178
health
-
-
-
11
national
-
-
-
99
total
-
-
-
288
Employee
533
-
841
-
health
4
-
9
-
unemployment
8
-
13
-
pensions
36
-
57
-
national
9
-
54
-
municipal
87
-
137
-
total
144
-
270
-
Employer
533
-
841
-
health
4
-
6
-
pensions
92
-
146
-
accident
1
-
1
-
unemployment
3
-
5
-
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.

Brussels , Belgium
€40
€22
€102
€192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
communal

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

-
-
-
51
social contributions
-
-
-
155
national
-
-
-
323
total
-
-
-
529
Employee

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

725
-
774
-
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
-
communal

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

38
-
40
-
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
-
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
-
national
223
-
242
-
total
355
-
383
-
Employer

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

725
-
774
-
health

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

45
-
48
-
pensions

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

64
-
69
-
surtax
82
-
88
-
accident

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

9
-
10
-
unemployment

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

11
-
11
-
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
Stockholm , Sweden
€100
€97
€70
€109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
215
other
-
-
-
111
health
-
-
-
60
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
104
total
-
-
-
493
Employee
623
-
761
-
national
-
-
-
-
municipal
186
-
227
-
total
186
-
227
-
Employer
623
-
761
-
health
38
-
47
-
pensions
67
-
82
-
accident
1
-
2
-
unemployment
16
-
20
-
other
72
-
88
-
total
194
-
239
-
Corporate
182
1 000
-
-
income
40
220
-
-
total
40
220
-
-
Dividends
142
780
-
-
withholding
43
234
-
-
total
43
234
-
-
Income
1 000
1 000
1 000
1 000
Total tax
463
454
466
493
After tax
537
546
534
507
Living cost
437
437
437
437
Free-cash
100
109
97
70

Estimated living cost  is €437 per week

€290
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.
€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
Oslo , Norway
-€659
€374
€211
€128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
195
social contributions
-
-
-
114
total
-
-
-
309
Employee
689
-
-
-
income
152
-
-
-
social contributions
56
-
8
-
total
208
-
8
-
Employer
689
-
-
-
social contributions
971
-
138
-
total
971
-
138
-
Corporate
-
1 000
-
-
income
-
220
-
-
total
-
220
-
-
Dividends
-
780
-
-
income
-
172
-
-
total
-
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
1 179
392
146
309
After tax
-179
608
854
691
Living cost
480
480
480
480
Free-cash
-659
128
374
211

Estimated living cost  is €480 per week

€312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€361
€382
€382
€403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
107
health
-
-
-
26
social contributions
-
-
-
156
total
-
-
-
289
Employee
779
779
908
-
health
8
13
15
-
income
82
72
107
-
social contributions
38
65
75
-
total
128
150
197
-
Employer
779
779
908
-
health
8
14
17
-
social contributions
38
65
75
-
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
Edinburgh , United Kingdom
€333
€264
€355
€370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
210
pensions
-
-
-
73
total
-
-
-
283
Employee
497
-
880
-
health
6
-
14
-
pensions
38
-
84
-
income
91
-
156
-
total
135
-
254
-
Employer
497
-
880
-
health
9
-
17
-
pensions
50
-
103
-
total
59
-
120
-
Corporate
443
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.

84
190
-
-
total
84
190
-
-
Dividends
359
810
-
-
withholding
27
78
-
-
total
27
78
-
-
Income
1 000
1 000
1 000
1 000
Total tax
305
268
374
283
After tax
695
732
626
717
Living cost
362
362
362
362
Free-cash
333
370
264
355

Estimated living cost  is €362 per week

€248
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.
€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.

Rome , Italy
€77
€55
€100
€123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
€48
€304
€471
-€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
-
-
-
41
income
-
-
-
246
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
314
Employee
338
-
857
-
health
39
-
98
-
pensions
38
-
74
-
income
46
-
167
-
total
123
-
339
-
Employer
338
-
857
-
pensions
55
-
107
-
accident
6
-
14
-
unemployment
8
-
21
-
total
69
-
142
-
Corporate
594
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.

534
900
-
-
total
534
900
-
-
Dividends
59
100
-
-
withholding
11
19
-
-
total
11
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
737
919
481
314
After tax
263
81
519
686
Living cost
215
215
215
215
Free-cash
48
-134
304
471

Estimated living cost  is €215 per week

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

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.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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
-
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
-
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
-
total
112
-
286
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
496
1 000
-
-
income
74
150
-
-
trade
71
144
-
-
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
-
-
surtax

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

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

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
€505
€353
€322
€589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 000
income
-
-
-
145
microenterprise
-
-
-
-
social contributions

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

-
-
-
322
surtax
-
-
-
-
total
-
-
-
467
Employee
296
-
806
-
income
53
-
153
-
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
-
surtax
-
-
-
-
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
Istanbul , Turkey
€479
€443
€452
€500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
267
health
-
-
-
66
pensions
-
-
-
91
total
-
-
-
424
Employee
190
-
898
-
health
9
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
262
-
total
65
-
331
-
Employer
190
-
898
-
health
18
-
43
-
pensions
21
-
50
-
unemployment
4
-
9
-
total
43
-
102
-
Corporate
768
1 000
-
-
income
169
220
-
-
total
169
220
-
-
Dividends
599
780
-
-
withholding
120
156
-
-
total
120
156
-
-
Income
1 000
1 000
1 000
1 000
Total tax
397
376
433
424
After tax
603
624
567
576
Living cost
124
124
124
124
Free-cash
479
500
443
452

Estimated living cost  is €124 per week

€74
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.
€3
Clothing and shoes. We estimate one pair of shoes and 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
Athens , Greece
€367
€269
€288
€401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
€235
-€17
€187
€239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
pensions
-
-
-
185
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
income
-
-
-
163
health
-
-
-
76
surtax
-
-
-
-
total
-
-
-
490
Employee
443
404
777
-
health
17
16
30
-
unemployment
13
12
23
-
pensions
45
41
80
-
income
39
30
146
-
other
4
4
8
-
total
118
103
287
-
Employer
443
404
777
-
health
17
15
29
-
pensions
56
51
97
-
surtax
-
-
-
-
accident
6
5
10
-
unemployment
13