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
€ 10000
per

Your estimated
City
free-cash

Dresden , Germany
€4195
€3710
€4844
€3591
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.

-
-
-
10 000
trade
-
-
-
1 253
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.

-
-
-
3 342
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.

-
-
-
300
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.

-
-
-
184
total
-
-
-
5 079
Employee

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

1 680
-
10 000
-
surtax

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

3
-
184
-
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.

300
-
300
-
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.

47
-
3 342
-
total
350
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 320
10 000
-
-
trade
1 310
1 575
-
-
income
1 248
1 500
-
-
surtax

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

69
82
-
-
chamber of commerce
19
21
-
-
total
2 646
3 178
-
-
Dividends
5 675
6 822
-
-
withholding
1 402
1 689
-
-
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.

77
93
-
-
total
1 479
1 782
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 475
4 960
3 826
5 079
After tax
5 525
5 040
6 174
4 921
Living cost
1 330
1 330
1 330
1 330
Free-cash
4 195
3 710
4 844
3 591

Estimated living cost  is €1330 per month

€837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€314
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
€3905
€3943
€3466
€3414
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
-
-
-
10 000
social contributions
-
-
-
107
pensions
-
-
-
1 200
municipal
-
-
-
1 110
national
-
-
-
1 872
total
-
-
-
4 289
Employee
3 561
-
8 645
-
national
682
-
1 957
-
municipal
440
-
1 149
-
pensions
142
-
346
-
total
1 264
-
3 452
-
Employer
3 561
-
8 645
-
pensions
285
-
692
-
social contributions
38
-
93
-
total
323
-
785
-
Corporate
5 881
10 000
-
-
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%.

1 176
2 000
-
-
total
1 176
2 000
-
-
Dividends
4 705
8 000
-
-
withholding
1 035
1 760
-
-
total
1 035
1 760
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 798
3 760
4 237
4 289
After tax
6 202
6 240
5 763
5 711
Living cost
2 297
2 297
2 297
2 297
Free-cash
3 905
3 943
3 466
3 414

Estimated living cost  is €2297 per month

€1561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€34
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.
€488
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
€6726
€7086
€3439
€2732
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.

-
-
-
10 000
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.

-
-
-
1 682
income
-
-
-
2 122
microenterprise
-
-
-
-
surtax
-
-
-
2 550
total
-
-
-
6 354
Employee
1 283
-
7 873
-
surtax
-
-
1 142
-
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.

141
-
576
-
income
228
-
1 802
-
total
369
-
3 520
-
Employer
1 283
-
7 873
-
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.

309
-
1 261
-
surtax
-
-
866
-
total
309
-
2 127
-
Corporate
8 408
10 000
-
-
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%.

1 682
2 000
-
-
total
1 682
2 000
-
-
Dividends

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

6 726
8 000
-
-
total
-
-
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 360
2 000
5 647
6 354
After tax
7 640
8 000
4 353
3 646
Living cost
914
914
914
914
Free-cash
6 726
7 086
3 439
2 732

Estimated living cost  is €914 per month

€583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€87
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€223
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
€2874
€3144
€4555
€3523
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
-
-
-
10 000
income
-
-
-
3 581
pensions
-
-
-
514
health
-
-
-
542
total
-
-
-
4 637
Employee
3 750
3 750
9 184
-
health
576
490
542
-
pensions
675
514
514
-
income

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

614
614
1 733
-
total
1 865
1 618
2 789
-
Employer
3 750
3 750
9 184
-
pensions
261
261
324
-
unemployment
135
135
168
-
health
261
261
324
-
total
657
657
816
-
Corporate
5 639
5 593
-
-
income
1 128
1 119
-
-
total
1 128
1 119
-
-
Dividends
4 512
4 475
-
-
withholding
677
671
-
-
income
959
951
-
-
total
1 636
1 622
-
-
Income
10 000
10 000
10 000
10 000
Total tax
5 286
5 016
3 605
4 637
After tax
4 714
4 984
6 395
5 363
Living cost
1 840
1 840
1 840
1 840
Free-cash
2 874
3 144
4 555
3 523

Estimated living cost  is €1840 per month

€1304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€341
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
€3551
€3592
€3113
€3159
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
-
-
-
10 000
other
-
-
-
476
unemployment
-
-
-
4
pensions
-
-
-
443
municipal
-
-
-
2 628
accident
-
-
-
8
national
-
-
-
1 159
health
-
-
-
255
total
-
-
-
4 973
Employee
2 662
-
8 713
-
national
-
-
1 134
-
municipal
794
-
2 598
-
total
794
-
3 732
-
Employer
2 662
-
8 713
-
other
309
-
476
-
accident
5
-
8
-
pensions
288
-
443
-
unemployment
70
-
108
-
health
164
-
252
-
total
836
-
1 287
-
Corporate
6 501
10 000
-
-
income
1 430
2 200
-
-
total
1 430
2 200
-
-
Dividends
5 071
7 800
-
-
withholding
1 521
2 340
-
-
total
1 521
2 340
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 581
4 540
5 019
4 973
After tax
5 419
5 460
4 981
5 027
Living cost
1 868
1 868
1 868
1 868
Free-cash
3 551
3 592
3 113
3 159

Estimated living cost  is €1868 per month

€1238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€183
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€418
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
€3881
€3264
€4449
€3140
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.

-
-
-
10 000
trade
-
-
-
1 309
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.

-
-
-
3 342
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.

-
-
-
300
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.

-
-
-
184
total
-
-
-
5 135
Employee

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

2 227
-
10 000
-
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.

10
-
184
-
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.

300
-
300
-
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.

191
-
3 342
-
total
501
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 773
10 000
-
-
trade
1 279
1 645
-
-
income
1 166
1 500
-
-
surtax

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

64
82
-
-
chamber of commerce
18
21
-
-
total
2 527
3 248
-
-
Dividends
5 246
6 752
-
-
withholding
1 295
1 671
-
-
surtax

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

71
92
-
-
total
1 366
1 763
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 394
5 011
3 826
5 135
After tax
5 606
4 989
6 174
4 865
Living cost
1 725
1 725
1 725
1 725
Free-cash
3 881
3 264
4 449
3 140

Estimated living cost  is €1725 per month

€1154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€364
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
€5680
€5865
€5215
€5298
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
-
-
-
10 000
social contributions
-
-
-
710
income
-
-
-
2 313
health
-
-
-
255
total
-
-
-
3 278
Employee
3 377
3 377
9 447
-
health
34
57
161
-
social contributions
164
280
378
-
income
355
313
2 269
-
total
553
650
2 808
-
Employer
3 377
3 377
9 447
-
social contributions
164
280
378
-
health
37
62
175
-
total
201
342
553
-
Corporate
7 823
6 281
-
-
income
978
785
-
-
total
978
785
-
-
Dividends
6 845
5 495
-
-
withholding
1 164
934
-
-
total
1 164
934
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 896
2 711
3 361
3 278
After tax
7 104
7 289
6 639
6 722
Living cost
1 424
1 424
1 424
1 424
Free-cash
5 680
5 865
5 215
5 298

Estimated living cost  is €1424 per month

€974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€316
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
€4808
€4791
€4973
€6104
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
-
-
-
10 000
unemployment
-
-
-
150
income
-
-
-
1 223
pensions
-
-
-
1 000
health
-
-
-
700
total
-
-
-
3 073
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.

1 188
473
8 368
-
unemployment
18
7
126
-
health
83
33
586
-
pensions
119
47
837
-
income
145
58
1 023
-
total
365
145
2 572
-
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.

1 188
473
8 368
-
pensions
232
92
1 632
-
total
232
92
1 632
-
Corporate
8 580
9 435
-
-
income
772
849
-
-
total
772
849
-
-
Dividends
7 808
8 586
-
-
withholding
1 483
1 631
-
-
social contributions
1 517
1 669
-
-
total
3 000
3 300
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 369
4 386
4 204
3 073
After tax
5 631
5 614
5 796
6 927
Living cost
823
823
823
823
Free-cash
4 808
4 791
4 973
6 104

Estimated living cost  is €823 per month

€562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€67
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€16
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.
€178
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
€6666
€6939
€4701
€4299
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
-
-
-
10 000
income
-
-
-
1 340
pensions
-
-
-
2 000
health
-
-
-
1 300
total
-
-
-
4 640
Employee
1 246
-
7 474
-
unemployment
20
-
120
-
pensions
25
-
150
-
income
140
-
1 441
-
total
185
-
1 711
-
Employer
1 246
-
7 474
-
pensions
249
-
1 495
-
unemployment
10
-
60
-
health
162
-
972
-
total
421
-
2 527
-
Corporate
8 333
10 000
-
-
income
1 667
2 000
-
-
total
1 667
2 000
-
-
Dividends
6 666
8 000
-
-
total
-
-
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 273
2 000
4 238
4 640
After tax
7 727
8 000
5 762
5 360
Living cost
1 061
1 061
1 061
1 061
Free-cash
6 666
6 939
4 701
4 299

Estimated living cost  is €1061 per month

€728
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.
€21
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.
€249
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
€659
-€177
€4519
€5841
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
-
-
-
10 000
other
-
-
-
17
income
-
-
-
2 859
pensions
-
-
-
187
accident
-
-
-
11
health
-
-
-
98
total
-
-
-
3 172
Employee
1 552
-
9 130
-
health
178
-
1 045
-
pensions
175
-
342
-
income
213
-
2 237
-
total
566
-
3 624
-
Employer
1 552
-
9 130
-
accident
26
-
152
-
pensions
252
-
494
-
unemployment
38
-
224
-
total
316
-
870
-
Corporate
8 131
10 000
-
-
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.

7 318
9 000
-
-
total
7 318
9 000
-
-
Dividends
813
1 000
-
-
withholding
154
190
-
-
total
154
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 354
9 190
4 494
3 172
After tax
1 646
810
5 506
6 828
Living cost
987
987
987
987
Free-cash
659
-177
4 519
5 841

Estimated living cost  is €987 per month

€723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€188
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
€9078
€9146
€7646
€9546
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%.

-
-
-
10 000
microenterprise

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

-
-
-
100
total
-
-
-
100
Employee
443
-
10 000
-
income
89
-
2 000
-
total
89
-
2 000
-
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%.

9 557
10 000
-
-
total
-
-
-
-
Dividends
9 557
10 000
-
-
withholding
478
500
-
-
total
478
500
-
-
Income
10 000
10 000
10 000
10 000
Total tax
567
500
2 000
100
After tax
9 433
9 500
8 000
9 900
Living cost
355
355
355
355
Free-cash
9 078
9 146
7 646
9 546

Estimated living cost  is €355 per month

€220
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.
€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.
€96
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
€5880
€6177
€4773
€4855
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
-
-
-
10 000
other
-
-
-
317
income
-
-
-
1 761
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.

-
-
-
1 603
health
-
-
-
294
total
-
-
-
3 975
Employee
1 594
-
8 304
-
unemployment
16
-
67
-
health
22
-
94
-
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.

112
-
467
-
income
274
-
1 733
-
total
424
-
2 361
-
Employer
1 594
-
8 304
-
other
80
-
334
-
accident
13
-
66
-
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.

271
-
1 135
-
unemployment
16
-
67
-
health
22
-
94
-
total
402
-
1 696
-
Corporate
8 004
10 000
-
-
income
1 681
2 100
-
-
total
1 681
2 100
-
-
Dividends
6 323
7 900
-
-
withholding
443
553
-
-
total
443
553
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 950
2 653
4 057
3 975
After tax
7 050
7 347
5 943
6 025
Living cost
1 170
1 170
1 170
1 170
Free-cash
5 880
6 177
4 773
4 855

Estimated living cost  is €1170 per month

€827
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.
€19
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.
€246
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
€3731
€3378
€2647
€3539
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
-
-
-
10 000
income
-
-
-
3 104
pensions
-
-
-
439
total
-
-
-
3 543
Employee
4 129
-
8 714
-
health
68
-
117
-
pensions
398
-
523
-
income
744
-
2 509
-
total
1 210
-
3 149
-
Employer
4 129
-
8 714
-
pensions
487
-
1 120
-
health
78
-
166
-
total
565
-
1 286
-
Corporate
5 305
10 000
-
-
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.

1 008
1 900
-
-
total
1 008
1 900
-
-
Dividends
4 297
8 100
-
-
withholding
568
1 804
-
-
total
568
1 804
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 351
3 704
4 435
3 543
After tax
6 649
6 296
5 565
6 457
Living cost
2 918
2 918
2 918
2 918
Free-cash
3 731
3 378
2 647
3 539

Estimated living cost  is €2918 per month

€2187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€365
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
€7786
€7985
€7951
€7533
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
-
-
-
10 000
unemployment
-
-
-
6
income
-
-
-
1 500
pensions

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

-
-
-
223
health
-
-
-
173
total
-
-
-
1 902
Employee
748
-
9 705
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
health
34
-
69
-
pensions

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

66
-
132
-
income
75
-
970
-
total
183
-
1 188
-
Employer
748
-
9 705
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
pensions

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

82
-
166
-
unemployment
4
-
9
-
health
52
-
104
-
total
146
-
296
-
Corporate
9 105
10 000
-
-
income
910
1 000
-
-
total
910
1 000
-
-
Dividends
8 195
9 000
-
-
withholding
410
450
-
-
total
410
450
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 649
1 450
1 484
1 902
After tax
8 351
8 550
8 516
8 098
Living cost
565
565
565
565
Free-cash
7 786
7 985
7 951
7 533

Estimated living cost  is €565 per month

€330
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.
€15
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.
€180
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
€2660
€2549
€3960
€2928
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
-
-
-
10 000
income
-
-
-
3 581
pensions
-
-
-
514
health
-
-
-
542
total
-
-
-
4 637
Employee
4 071
3 750
9 184
-
health
508
490
542
-
pensions
514
514
514
-
income

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

614
614
1 733
-
total
1 636
1 618
2 789
-
Employer
4 071
3 750
9 184
-
pensions
283
261
324
-
unemployment
147
135
168
-
health
283
261
324
-
total
713
657
816
-
Corporate
5 216
5 593
-
-
income
1 043
1 119
-
-
total
1 043
1 119
-
-
Dividends
4 173
4 475
-
-
withholding
626
671
-
-
income
887
951
-
-
total
1 513
1 622
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 905
5 016
3 605
4 637
After tax
5 095
4 984
6 395
5 363
Living cost
2 435
2 435
2 435
2 435
Free-cash
2 660
2 549
3 960
2 928

Estimated living cost  is €2435 per month

€1796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€393
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
€5407
€5795
€4373
€4810
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
-
-
-
10 000
social contributions
-
-
-
1 568
income
-
-
-
1 062
health
-
-
-
1 350
solidarity contribution
-
-
-
120
total
-
-
-
4 100
Employee
1 602
-
7 943
-
solidarity contribution
-
-
81
-
health
216
-
1 072
-
social contributions
104
-
349
-
income
192
-
978
-
total
512
-
2 480
-
Employer
1 602
-
7 943
-
social contributions
401
-
1 342
-
health
144
-
715
-
total
545
-
2 057
-
Corporate
7 853
10 000
-
-
income
1 492
1 900
-
-
total
1 492
1 900
-
-
Dividends
6 361
8 100
-
-
withholding
954
1 215
-
-
total
954
1 215
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 503
3 115
4 537
4 100
After tax
6 497
6 885
5 463
5 900
Living cost
1 090
1 090
1 090
1 090
Free-cash
5 407
5 795
4 373
4 810

Estimated living cost  is €1090 per month

€757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€234
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
€3253
€3482
€2602
€2974
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
-
-
-
10 000
regional
-
-
-
127
social contributions
-
-
-
2 198
municipal
-
-
-
62
national
-
-
-
2 786
total
-
-
-
5 173
Employee
3 903
-
10 000
-
national
676
-
2 492
-
regional
37
-
115
-
municipal
21
-
57
-
social contributions
1 316
-
2 881
-
total
2 050
-
5 545
-
Employer
3 903
-
10 000
-
total
-
-
-
-
Corporate
6 097
10 000
-
-
nationa
1 463
2 400
-
-
municipal
238
390
-
-
total
1 701
2 790
-
-
Dividends
4 396
7 210
-
-
withholding
1 143
1 875
-
-
total
1 143
1 875
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 894
4 665
5 545
5 173
After tax
5 106
5 335
4 455
4 827
Living cost
1 853
1 853
1 853
1 853
Free-cash
3 253
3 482
2 602
2 974

Estimated living cost  is €1853 per month

€1292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€411
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
€5184
€5321
€3464
€3734
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
-
-
-
10 000
other
-
-
-
-
unemployment
-
-
-
10
income
-
-
-
3 164
pensions
-
-
-
1 172
health
-
-
-
416
surtax
-
-
-
535
total
-
-
-
5 297
Employee
1 452
-
8 766
-
surtax
5
-
483
-
unemployment
101
-
408
-
other
-
-
-
-
health
37
-
149
-
pensions
97
-
391
-
income
243
-
2 902
-
total
483
-
4 333
-
Employer
1 452
-
8 766
-
other
-
-
-
-
pensions
194
-
781
-
unemployment
46
-
186
-
health
66
-
267
-
total
306
-
1 234
-
Corporate
8 242
10 000
-
-
income
2 143
2 600
-
-
total
2 143
2 600
-
-
Dividends
6 099
7 400
-
-
withholding
915
1 110
-
-
total
915
1 110
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 847
3 710
5 567
5 297
After tax
6 153
6 290
4 433
4 703
Living cost
969
969
969
969
Free-cash
5 184
5 321
3 464
3 734

Estimated living cost  is €969 per month

€592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€89
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€265
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
€4590
€4302
€3571
€4463
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
-
-
-
10 000
income
-
-
-
3 104
pensions
-
-
-
439
total
-
-
-
3 543
Employee
2 767
-
8 714
-
health
40
-
117
-
pensions
235
-
523
-
income
498
-
2 509
-
total
773
-
3 149
-
Employer
2 767
-
8 714
-
pensions
300
-
1 120
-
health
53
-
166
-
total
353
-
1 286
-
Corporate
6 881
10 000
-
-
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.

1 307
1 900
-
-
total
1 307
1 900
-
-
Dividends
5 574
8 100
-
-
withholding
983
1 804
-
-
total
983
1 804
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 416
3 704
4 435
3 543
After tax
6 584
6 296
5 565
6 457
Living cost
1 994
1 994
1 994
1 994
Free-cash
4 590
4 302
3 571
4 463

Estimated living cost  is €1994 per month

€1494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€330
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
€2548
€1032
€4033
€4415
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
-
-
-
10 000
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.

-
-
-
200
city
-
-
-
105
regional
-
-
-
551
pensions
-
-
-
920
national
-
-
-
246
health
-
-
-
22
total
-
-
-
2 044
Employee
4 144
-
8 991
-
national
20
-
200
-
unemployment
-
-
-
-
city
44
-
97
-
regional
136
-
489
-
health
9
-
20
-
pensions
348
-
710
-
total
557
-
1 516
-
Employer
4 144
-
8 991
-
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.

83
-
180
-
pensions
348
-
710
-
unemployment
-
-
-
-
health
9
-
20
-
total
440
-
910
-
Corporate
5 370
10 000
-
-
regional
1 136
2 115
-
-
national
456
850
-
-
total
1 592
2 965
-
-
Dividends
3 778
7 035
-
-
withholding
1 322
2 462
-
-
total
1 322
2 462
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 911
5 427
2 426
2 044
After tax
6 089
4 573
7 574
7 956
Living cost
3 541
3 541
3 541
3 541
Free-cash
2 548
1 032
4 033
4 415

Estimated living cost  is €3541 per month

€2303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€318
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€43
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.
€877
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
€3638
€2925
€4162
€2797
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.

-
-
-
10 000
trade
-
-
-
1 365
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.

-
-
-
3 342
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.

-
-
-
300
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.

-
-
-
184
total
-
-
-
5 191
Employee

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

2 639
-
10 000
-
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.

17
-
184
-
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.

300
-
300
-
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.

310
-
3 342
-
total
627
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 361
10 000
-
-
trade
1 262
1 715
-
-
income
1 104
1 500
-
-
surtax

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

61
82
-
-
chamber of commerce
17
21
-
-
total
2 444
3 318
-
-
Dividends
4 917
6 682
-
-
withholding
1 212
1 654
-
-
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.

67
91
-
-
total
1 279
1 745
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 350
5 063
3 826
5 191
After tax
5 650
4 937
6 174
4 809
Living cost
2 012
2 012
2 012
2 012
Free-cash
3 638
2 925
4 162
2 797

Estimated living cost  is €2012 per month

€1469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€355
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
€3797
€3538
€3658
€3959
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
-
-
-
10 000
other
-
-
-
310
social contributions
-
-
-
285
income
-
-
-
1 883
pensions
-
-
-
1 567
health
-
-
-
494
surtax
-
-
-
-
total
-
-
-
4 539
Employee
1 879
-
7 622
-
surtax
-
-
-
-
pensions
212
-
579
-
social contributions
54
-
217
-
income
111
-
1 666
-
total
377
-
2 462
-
Employer
1 879
-
7 622
-
other
65
-
318
-
pensions
309
-
965
-
unemployment
76
-
309
-
social contributions
6
-
23
-
health
132
-
763
-
total
588
-
2 378
-
Corporate
7 534
10 000
-
-
income
2 109
2 800
-
-
surtax
-
-
-
-
total
2 109
2 800
-
-
Dividends
5 424
7 200
-
-
withholding
694
922
-
-
social contributions
933
1 238
-
-
surtax
-
-
-
-
total
1 627
2 160
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 701
4 960
4 840
4 539
After tax
5 299
5 040
5 160
5 461
Living cost
1 502
1 502
1 502
1 502
Free-cash
3 797
3 538
3 658
3 959

Estimated living cost  is €1502 per month

€947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€407
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
€3929
€3686
€3806
€4107
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
-
-
-
10 000
other
-
-
-
310
social contributions
-
-
-
285
income
-
-
-
1 883
pensions
-
-
-
1 567
health
-
-
-
494
surtax
-
-
-
-
total
-
-
-
4 539
Employee
1 678
-
7 622
-
surtax
-
-
-
-
pensions
190
-
579
-
social contributions
48
-
217
-
income
86
-
1 666
-
total
324
-
2 462
-
Employer
1 678
-
7 622
-
other
58
-
318
-
pensions
276
-
965
-
unemployment
68
-
309
-
social contributions
5
-
23
-
health
117
-
763
-
total
524
-
2 378
-
Corporate
7 798
10 000
-
-
income
2 184
2 800
-
-
surtax
-
-
-
-
total
2 184
2 800
-
-
Dividends
5 615
7 200
-
-
withholding
719
922
-
-
social contributions
966
1 238
-
-
surtax
-
-
-
-
total
1 685
2 160
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 717
4 960
4 840
4 539
After tax
5 283
5 040
5 160
5 461
Living cost
1 354
1 354
1 354
1 354
Free-cash
3 929
3 686
3 806
4 107

Estimated living cost  is €1354 per month

€785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€405
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
€5192
€5170
€5218
€5491
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
-
-
-
10 000
social contributions
-
-
-
1 380
income
-
-
-
1 500
health
-
-
-
698
total
-
-
-
3 578
Employee
1 489
-
10 000
-
health
104
-
698
-
social contributions
206
-
1 380
-
income
248
-
1 773
-
total
558
-
3 851
-
Employer
1 489
-
10 000
-
total
-
-
-
-
Corporate
8 511
10 000
-
-
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%.

426
500
-
-
total
426
500
-
-
Dividends
8 086
9 500
-
-
health
564
663
-
-
withholding
1 213
1 425
-
-
social contributions
1 116
1 311
-
-
total
2 893
3 399
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 877
3 899
3 851
3 578
After tax
6 123
6 101
6 149
6 422
Living cost
931
931
931
931
Free-cash
5 192
5 170
5 218
5 491

Estimated living cost  is €931 per month

€623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€229
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
€3896
€3965
€1073
€3574
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
-
-
-
10 000
chamber of commerce
-
-
-
40
unemployment
-
-
-
269
income
-
-
-
3 220
pensions
-
-
-
949
health
-
-
-
392
surtax
-
-
-
9
total
-
-
-
4 879
Employee
2 195
1 750
8 285
-
unemployment
66
52
154
-
other
22
18
51
-
health
85
68
198
-
pensions
225
179
525
-
income
250
129
2 706
-
total
648
446
3 634
-
Employer
2 195
1 750
8 285
-
payroll
66
52
248
-
other
104
83
367
-
accident
28
23
67
-
pensions
275
220
644
-
unemployment
66
52
154
-
chamber of commerce
9
7
33
-
surtax
9
9
9
-
health
83
66
194
-
total
640
512
1 716
-
Corporate
7 165
7 738
8 118
-
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.

1 791
1 934
2 030
-
total
1 791
1 934
2 030
-
Dividends
5 374
5 803
-
-
withholding
1 478
1 596
-
-
total
1 478
1 596
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 557
4 488
7 380
4 879
After tax
5 443
5 512
2 620
5 121
Living cost
1 547
1 547
1 547
1 547
Free-cash
3 896
3 965
1 073
3 574

Estimated living cost  is €1547 per month

€1032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€358
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
€3327
€3880
€1794
€2749
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
-
-
-
10 000
social contributions
-
-
-
1 095
national
-
-
-
4 021
communal

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

-
-
-
534
total
-
-
-
5 650
Employee

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

3 141
-
7 745
-
national
966
-
2 935
-
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.

27
-
67
-
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.

148
-
364
-
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.

236
-
581
-
communal

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

164
-
404
-
total
1 541
-
4 351
-
Employer

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

3 141
-
7 745
-
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.

41
-
101
-
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.

278
-
686
-
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.

46
-
113
-
surtax
356
-
878
-
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.

193
-
476
-
total
914
-
2 254
-
Corporate
5 944
10 000
-
-
income
1 189
2 150
-
-
surtax
24
43
-
-
total
1 213
2 193
-
-
Dividends
4 732
7 807
-
-
withholding

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

1 404
2 326
-
-
total
1 404
2 326
-
-
Income
10 000
10 000
10 000
10 000
Total tax
5 072
4 519
6 605
5 650
After tax
4 928
5 481
3 395
4 350
Living cost
1 601
1 601
1 601
1 601
Free-cash
3 327
3 880
1 794
2 749

Estimated living cost  is €1601 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€405
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
€4752
€5052
€3815
€4001
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
-
-
-
10 000
other
-
-
-
4
unemployment
-
-
-
28
income
-
-
-
3 192
pensions
-
-
-
1 152
accident
-
-
-
37
total
-
-
-
4 413
Employee
2 186
-
8 702
-
unemployment
34
-
63
-
other
2
-
4
-
pensions
103
-
191
-
income
461
-
3 042
-
total
600
-
3 300
-
Employer
2 186
-
8 702
-
other
17
-
33
-
accident
43
-
81
-
pensions
516
-
961
-
unemployment
120
-
224
-
total
696
-
1 299
-
Corporate
7 117
10 000
-
-
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.

1 068
1 500
-
-
total
1 068
1 500
-
-
Dividends
6 050
8 500
-
-
withholding
1 298
1 862
-
-
total
1 298
1 862
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 662
3 362
4 599
4 413
After tax
6 338
6 638
5 401
5 587
Living cost
1 586
1 586
1 586
1 586
Free-cash
4 752
5 052
3 815
4 001

Estimated living cost  is €1586 per month

€1168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€283
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
€2662
€3267
€2703
€2304
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
-
-
-
10 000
income
-
-
-
1 896
pensions
-
-
-
1 499
accident
-
-
-
84
communal
-
-
-
632
health
-
-
-
703
surtax
-
-
-
496
total
-
-
-
5 310
Employee
3 326
-
8 933
-
surtax
204
-
547
-
health
148
-
398
-
pensions
266
-
715
-
income
321
-
2 184
-
total
939
-
3 844
-
Employer
3 326
-
8 933
-
accident
30
-
80
-
pensions
266
-
715
-
health
101
-
272
-
total
397
-
1 067
-
Corporate
6 277
10 000
-
-
income
942
1 500
-
-
communal
424
675
-
-
surtax
66
105
-
-
total
1 432
2 280
-
-
Dividends
4 846
7 720
-
-
withholding
727
1 158
-
-
income
1 457
909
-
-
total
2 184
2 067
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 952
4 347
4 911
5 310
After tax
5 048
5 653
5 089
4 690
Living cost
2 386
2 386
2 386
2 386
Free-cash
2 662
3 267
2 703
2 304

Estimated living cost  is €2386 per month

€1790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€426
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
€5164
€5304
€3447
€3717
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
-
-
-
10 000
other
-
-
-
-
unemployment
-
-
-
10
income
-
-
-
3 164
pensions
-
-
-
1 172
health
-
-
-
416
surtax
-
-
-
535
total
-
-
-
5 297
Employee
1 479
-
8 766
-
surtax
5
-
483
-
unemployment
103
-
408
-
other
-
-
-
-
health
38
-
149
-
pensions
99
-
391
-
income
248
-
2 902
-
total
493
-
4 333
-
Employer
1 479
-
8 766
-
other
-
-
-
-
pensions
197
-
781
-
unemployment
47
-
186
-
health
67
-
267
-
total
311
-
1 234
-
Corporate
8 210
10 000
-
-
income
2 135
2 600
-
-
total
2 135
2 600
-
-
Dividends
6 075
7 400
-
-
withholding
911
1 110
-
-
total
911
1 110
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 850
3 710
5 567
5 297
After tax
6 150
6 290
4 433
4 703
Living cost
986
986
986
986
Free-cash
5 164
5 304
3 447
3 717

Estimated living cost  is €986 per month

€596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€282
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
€3976
€4073
€3242
€3613
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
-
-
-
10 000
regional
-
-
-
158
social contributions
-
-
-
2 198
municipal
-
-
-
62
national
-
-
-
2 786
total
-
-
-
5 204
Employee
2 436
-
10 000
-
national
386
-
2 492
-
regional
33
-
145
-
municipal
13
-
57
-
social contributions
821
-
2 881
-
total
1 253
-
5 575
-
Employer
2 436
-
10 000
-
total
-
-
-
-
Corporate
7 564
10 000
-
-
nationa
1 815
2 400
-
-
municipal
376
497
-
-
total
2 191
2 897
-
-
Dividends
5 373
7 103
-
-
withholding
1 397
1 847
-
-
total
1 397
1 847
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 841
4 744
5 575
5 204
After tax
5 159
5 256
4 425
4 796
Living cost
1 183
1 183
1 183
1 183
Free-cash
3 976
4 073
3 242
3 613

Estimated living cost  is €1183 per month

€736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€307
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
€5062
€5542
€4120
€4557
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
-
-
-
10 000
social contributions
-
-
-
1 568
income
-
-
-
1 062
health
-
-
-
1 350
solidarity contribution
-
-
-
120
total
-
-
-
4 100
Employee
1 975
-
7 943
-
solidarity contribution
-
-
81
-
health
267
-
1 072
-
social contributions
128
-
349
-
income
237
-
978
-
total
632
-
2 480
-
Employer
1 975
-
7 943
-
social contributions
494
-
1 342
-
health
178
-
715
-
total
672
-
2 057
-
Corporate
7 354
10 000
-
-
income
1 397
1 900
-
-
total
1 397
1 900
-
-
Dividends
5 957
8 100
-
-
withholding
894
1 215
-
-
total
894
1 215
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 595
3 115
4 537
4 100
After tax
6 405
6 885
5 463
5 900
Living cost
1 343
1 343
1 343
1 343
Free-cash
5 062
5 542
4 120
4 557

Estimated living cost  is €1343 per month

€999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€247
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
€4091
€4115
€1221
€3729
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
-
-
-
10 000
chamber of commerce
-
-
-
40
unemployment
-
-
-
269
income
-
-
-
3 220
pensions
-
-
-
949
health
-
-
-
392
surtax
-
-
-
-
total
-
-
-
4 870
Employee
1 920
1 750
8 293
-
unemployment
58
52
154
-
other
19
18
51
-
health
74
68
198
-
pensions
197
179
525
-
income
171
129
2 710
-
total
519
446
3 638
-
Employer
1 920
1 750
8 293
-
payroll
58
52
249
-
other
91
83
367
-
accident
25
23
67
-
pensions
241
220
644
-
unemployment
58
52
154
-
chamber of commerce
8
7
33
-
surtax
-
-
-
-
health
73
66
194
-
total
554
503
1 708
-
Corporate
7 528
7 746
8 126
-
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.

1 882
1 937
2 032
-
total
1 882
1 937
2 032
-
Dividends
5 646
5 810
-
-
withholding
1 553
1 598
-
-
total
1 553
1 598
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 508
4 484
7 378
4 870
After tax
5 492
5 516
2 622
5 130
Living cost
1 401
1 401
1 401
1 401
Free-cash
4 091
4 115
1 221
3 729

Estimated living cost  is €1401 per month

€840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€392
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
€8845
€8948
€7448
€9348
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%.

-
-
-
10 000
microenterprise

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

-
-
-
100
total
-
-
-
100
Employee
691
-
10 000
-
income
138
-
2 000
-
total
138
-
2 000
-
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%.

9 309
10 000
-
-
total
-
-
-
-
Dividends
9 309
10 000
-
-
withholding
465
500
-
-
total
465
500
-
-
Income
10 000
10 000
10 000
10 000
Total tax
603
500
2 000
100
After tax
9 397
9 500
8 000
9 900
Living cost
552
552
552
552
Free-cash
8 845
8 948
7 448
9 348

Estimated living cost  is €552 per month

€374
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.
€19
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.
€137
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
€5340
€5707
€3235
€3452
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.

-
-
-
10 000
unemployment
-
-
-
15
income
-
-
-
2 545
pensions
-
-
-
1 826
health
-
-
-
984
total
-
-
-
5 370
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.

1 942
-
8 653
-
unemployment
3
-
12
-
health
125
-
559
-
pensions
301
-
1 341
-
income
335
-
2 328
-
total
764
-
4 240
-
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.

1 942
-
8 653
-
pensions
172
-
766
-
unemployment
1
-
5
-
health
129
-
576
-
total
302
-
1 347
-
Corporate
7 756
10 000
-
-
income
1 474
1 900
-
-
total
1 474
1 900
-
-
Dividends
6 282
8 100
-
-
withholding
942
1 215
-
-
total
942
1 215
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 482
3 115
5 587
5 370
After tax
6 518
6 885
4 413
4 630
Living cost
1 178
1 178
1 178
1 178
Free-cash
5 340
5 707
3 235
3 452

Estimated living cost  is €1178 per month

€808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€271
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
€1999
€4141
€7464
€4968
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
-
-
-
10 000
social contributions
-
-
-
1 140
income
-
-
-
1 949
total
-
-
-
3 089
Employee
2 786
-
-
-
social contributions
228
-
33
-
income
615
-
-
-
total
843
-
33
-
Employer
2 786
-
-
-
social contributions
3 928
-
560
-
total
3 928
-
560
-
Corporate
3 285
10 000
-
-
income
723
2 200
-
-
total
723
2 200
-
-
Dividends
2 563
7 800
-
-
income
564
1 716
-
-
total
564
1 716
-
-
Income
10 000
10 000
10 000
10 000
Total tax
6 058
3 916
593
3 089
After tax
3 942
6 084
9 407
6 911
Living cost
1 943
1 943
1 943
1 943
Free-cash
1 999
4 141
7 464
4 968

Estimated living cost  is €1943 per month

€1261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€183
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€475
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
€4267
€4311
€3048
€3833
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.

-
-
-
10 000
social contributions

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

-
-
-
3 475
income
-
-
-
1 315
surtax
-
-
-
-
total
-
-
-
4 790
Employee
2 020
-
8 081
-
surtax
-
-
13
-
social contributions
222
-
889
-
income
420
-
2 754
-
total
642
-
3 656
-
Employer
2 020
-
8 081
-
social contributions
480
-
1 919
-
total
480
-
1 919
-
Corporate
7 501
10 000
-
-
income
1 575
2 100
-
-
surtax
-
-
-
-
total
1 575
2 100
-
-
Dividends
5 926
7 900
-
-
withholding
1 659
2 212
-
-
total
1 659
2 212
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 356
4 312
5 575
4 790
After tax
5 644
5 688
4 425
5 210
Living cost
1 377
1 377
1 377
1 377
Free-cash
4 267
4 311
3 048
3 833

Estimated living cost  is €1377 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€243
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
€3223
€2919
€3039
€3340
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
-
-
-
10 000
other
-
-
-
310
social contributions
-
-
-
285
income
-
-
-
1 883
pensions
-
-
-
1 567
health
-
-
-
494
surtax
-
-
-
-
total
-
-
-
4 539
Employee
2 750
-
7 622
-
surtax
-
-
-
-
pensions
311
-
579
-
social contributions
78
-
217
-
income
240
-
1 666
-
total
629
-
2 462
-
Employer
2 750
-
7 622
-
other
95
-
318
-
pensions
452
-
965
-
unemployment
111
-
309
-
social contributions
8
-
23
-
health
192
-
763
-
total
858
-
2 378
-
Corporate
6 391
10 000
-
-
income
1 789
2 800
-
-
surtax
-
-
-
-
total
1 789
2 800
-
-
Dividends
4 601
7 200
-
-
withholding
589
922
-
-
social contributions
791
1 238
-
-
surtax
-
-
-
-
total
1 380
2 160
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 656
4 960
4 840
4 539
After tax
5 344
5 040
5 160
5 461
Living cost
2 121
2 121
2 121
2 121
Free-cash
3 223
2 919
3 039
3 340

Estimated living cost  is €2121 per month

€1435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€483
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
€7532
€7680
€6232
€5967
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
-
-
-
10 000
income
-
-
-
513
social contributions
-
-
-
2 200
total
-
-
-
2 713
Employee
1 412
-
8 658
-
social contributions
92
-
563
-
income
-
-
543
-
total
92
-
1 106
-
Employer
1 412
-
8 658
-
social contributions
219
-
1 342
-
total
219
-
1 342
-
Corporate
8 369
10 000
-
-
income
837
1 000
-
-
total
837
1 000
-
-
Dividends
7 532
9 000
-
-
total
-
-
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 148
1 000
2 448
2 713
After tax
8 852
9 000
7 552
7 287
Living cost
1 320
1 320
1 320
1 320
Free-cash
7 532
7 680
6 232
5 967

Estimated living cost  is €1320 per month

€854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€342
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
€252
€442
€442
€3653
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
-
-
-
10 000
pensions
-
-
-
38
municipal
-
-
-
2 151
labour market
-
-
-
797
national
-
-
-
1 248
total
-
-
-
4 234
Employee
8 918
8 918
8 918
-
national
1 090
1 090
1 090
-
municipal
1 899
1 899
1 899
-
labour market
712
712
712
-
pensions
13
13
13
-
total
3 714
3 714
3 714
-
Employer
8 918
8 918
8 918
-
municipal
1 902
1 902
1 902
-
pensions
25
25
25
-
national
1 091
1 091
1 091
-
labour market
713
713
713
-
total
3 731
3 731
3 731
-
Corporate
441
-
-
-
income
97
-
-
-
total
97
-
-
-
Dividends
344
-
-
-
withholding
93
-
-
-
total
93
-
-
-
Income
10 000
10 000
10 000
10 000
Total tax
7 635
7 445
7 445
4 234
After tax
2 365
2 555
2 555
5 766
Living cost
2 113
2 113
2 113
2 113
Free-cash
252
442
442
3 653

Estimated living cost  is €2113 per month

€1446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€32
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.
€447
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
€661
-€162
€4534
€5856
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
-
-
-
10 000
other
-
-
-
17
income
-
-
-
2 859
pensions
-
-
-
187
accident
-
-
-
11
health
-
-
-
98
total
-
-
-
3 172
Employee
1 530
-
9 130
-
health
175
-
1 045
-
pensions
172
-
342
-
income
210
-
2 237
-
total
557
-
3 624
-
Employer
1 530
-
9 130
-
accident
26
-
152
-
pensions
249
-
494
-
unemployment
37
-
224
-
total
312
-
870
-
Corporate
8 159
10 000
-
-
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.

7 343
9 000
-
-
total
7 343
9 000
-
-
Dividends
816
1 000
-
-
withholding
155
190
-
-
total
155
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 367
9 190
4 494
3 172
After tax
1 633
810
5 506
6 828
Living cost
972
972
972
972
Free-cash
661
-162
4 534
5 856

Estimated living cost  is €972 per month

€708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
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.
€191
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
€4576
€4440
€3289
€4434
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

-
-
-
10 000
municipal
-
-
-
1 776
national
-
-
-
1 968
health
-
-
-
136
total
-
-
-
3 880
Employee
2 310
-
8 413
-
national
38
-
1 263
-
unemployment
35
-
126
-
health
17
-
111
-
municipal
378
-
1 369
-
pensions
156
-
568
-
total
624
-
3 437
-
Employer
2 310
-
8 413
-
accident
2
-
8
-
pensions
401
-
1 460
-
unemployment
15
-
55
-
health
18
-
65
-
total
436
-
1 588
-
Corporate
7 254
10 000
-
-
income
1 451
2 000
-
-
total
1 451
2 000
-
-
Dividends

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

4 352
6 000
-
-
municipal
783
1 080
-
-
national
444
794
-
-
total
1 227
1 874
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 738
3 874
5 025
3 880
After tax
6 262
6 126
4 975
6 120
Living cost
1 686
1 686
1 686
1 686
Free-cash
4 576
4 440
3 289
4 434

Estimated living cost  is €1686 per month

€1101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€27
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.
€396
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
€6031
€6272
€5622
€5705
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
-
-
-
10 000
social contributions
-
-
-
710
income
-
-
-
2 313
health
-
-
-
255
total
-
-
-
3 278
Employee
3 377
3 377
9 447
-
health
26
57
161
-
social contributions
128
280
378
-
income
368
313
2 269
-
total
522
650
2 808
-
Employer
3 377
3 377
9 447
-
social contributions
128
280
378
-
health
28
62
175
-
total
156
342
553
-
Corporate
8 306
6 281
-
-
income
1 038
785
-
-
total
1 038
785
-
-
Dividends
7 268
5 495
-
-
withholding
1 236
934
-
-
total
1 236
934
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 952
2 711
3 361
3 278
After tax
7 048
7 289
6 639
6 722
Living cost
1 017
1 017
1 017
1 017
Free-cash
6 031
6 272
5 622
5 705

Estimated living cost  is €1017 per month

€609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€285
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
€7361
€7584
€6947
€7828
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
-
-
-
10 000
unemployment
-
-
-
1
income
-
-
-
1 036
pensions
-
-
-
279
health
-
-
-
159
total
-
-
-
1 475
Employee

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

1 008
-
9 571
-
unemployment
5
-
21
-
health
86
-
354
-
pensions
151
-
625
-
income
69
-
927
-
total
311
-
1 927
-
Employer

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

1 008
-
9 571
-
pensions
55
-
229
-
unemployment
5
-
21
-
health
43
-
179
-
total
103
-
429
-
Corporate
8 888
10 000
-
-
income
800
900
-
-
total
800
900
-
-
Dividends
8 088
9 100
-
-
withholding
728
819
-
-
total
728
819
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 942
1 719
2 356
1 475
After tax
8 058
8 281
7 644
8 525
Living cost
697
697
697
697
Free-cash
7 361
7 584
6 947
7 828

Estimated living cost  is €697 per month

€445
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.
€21
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.
€181
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
€5237
€5430
€4193
€4379
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
-
-
-
10 000
other
-
-
-
4
unemployment
-
-
-
28
income
-
-
-
3 192
pensions
-
-
-
1 152
accident
-
-
-
37
total
-
-
-
4 413
Employee
1 624
-
8 702
-
unemployment
25
-
63
-
other
2
-
4
-
pensions
76
-
191
-
income
313
-
3 042
-
total
416
-
3 300
-
Employer
1 624
-
8 702
-
other
13
-
33
-
accident
32
-
81
-
pensions
383
-
961
-
unemployment
89
-
224
-
total
517
-
1 299
-
Corporate
7 859
10 000
-
-
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.

1 179
1 500
-
-
total
1 179
1 500
-
-
Dividends
6 680
8 500
-
-
withholding
1 443
1 862
-
-
total
1 443
1 862
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 555
3 362
4 599
4 413
After tax
6 445
6 638
5 401
5 587
Living cost
1 208
1 208
1 208
1 208
Free-cash
5 237
5 430
4 193
4 379

Estimated living cost  is €1208 per month

€815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€255
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
€6146
€6159
€6365
€6371
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
-
-
-
10 000
income
-
-
-
3 446
pensions
-
-
-
59
health
-
-
-
43
total
-
-
-
3 548
Employee
123
-
9 934
-
unemployment
1
-
3
-
health
6
-
15
-
pensions
11
-
27
-
income
24
-
3 443
-
total
42
-
3 488
-
Employer
123
-
9 934
-
pensions
14
-
32
-
unemployment
2
-
6
-
health
12
-
28
-
total
28
-
66
-
Corporate
9 849
10 000
-
-
income
2 167
2 200
-
-
total
2 167
2 200
-
-
Dividends
7 682
7 800
-
-
withholding
1 536
1 560
-
-
total
1 536
1 560
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 773
3 760
3 554
3 548
After tax
6 227
6 240
6 446
6 452
Living cost
81
81
81
81
Free-cash
6 146
6 159
6 365
6 371

Estimated living cost  is €81 per month

€48
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€24
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€6250
€6467
€5700
€5700
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.

-
-
-
10 000
unemployment
-
-
-
49
income
-
-
-
2 317
pensions
-
-
-
842
health
-
-
-
334
total
-
-
-
3 542
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.

1 143
-
9 420
-
unemployment
9
-
24
-
health
59
-
167
-
pensions
160
-
454
-
income
158
-
2 317
-
total
386
-
2 962
-
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.

1 143
-
9 420
-
pensions
137
-
389
-
unemployment
9
-
24
-
health
59
-
167
-
total
205
-
580
-
Corporate
8 652
10 000
-
-
income
1 298
1 500
-
-
total
1 298
1 500
-
-
Dividends
7 354
8 500
-
-
withholding
1 103
1 275
-
-
total
1 103
1 275
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 992
2 775
3 542
3 542
After tax
7 008
7 225
6 458
6 458
Living cost
758
758
758
758
Free-cash
6 250
6 467
5 700
5 700

Estimated living cost  is €758 per month

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€167
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
€4487
€4504
€3241
€4026
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.

-
-
-
10 000
social contributions

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

-
-
-
3 475
income
-
-
-
1 315
surtax
-
-
-
-
total
-
-
-
4 790
Employee
1 704
-
8 081
-
surtax
-
-
13
-
social contributions
188
-
889
-
income
333
-
2 754
-
total
521
-
3 656
-
Employer
1 704
-
8 081
-
social contributions
405
-
1 919
-
total
405
-
1 919
-
Corporate
7 891
10 000
-
-
income
1 657
2 100
-
-
surtax
-
-
-
-
total
1 657
2 100
-
-
Dividends
6 234
7 900
-
-
withholding
1 746
2 212
-
-
total
1 746
2 212
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 329
4 312
5 575
4 790
After tax
5 671
5 688
4 425
5 210
Living cost
1 184
1 184
1 184
1 184
Free-cash
4 487
4 504
3 241
4 026

Estimated living cost  is €1184 per month

€838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€242
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
€4808
€5095
€3858
€4044
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
-
-
-
10 000
other
-
-
-
4
unemployment
-
-
-
28
income
-
-
-
3 192
pensions
-
-
-
1 152
accident
-
-
-
37
total
-
-
-
4 413
Employee
2 121
-
8 702
-
unemployment
33
-
63
-
other
2
-
4
-
pensions
100
-
191
-
income
443
-
3 042
-
total
578
-
3 300
-
Employer
2 121
-
8 702
-
other
17
-
33
-
accident
42
-
81
-
pensions
500
-
961
-
unemployment
117
-
224
-
total
676
-
1 299
-
Corporate
7 203
10 000
-
-
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.

1 080
1 500
-
-
total
1 080
1 500
-
-
Dividends
6 123
8 500
-
-
withholding
1 315
1 862
-
-
total
1 315
1 862
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 649
3 362
4 599
4 413
After tax
6 351
6 638
5 401
5 587
Living cost
1 543
1 543
1 543
1 543
Free-cash
4 808
5 095
3 858
4 044

Estimated living cost  is €1543 per month

€1108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€293
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
€7546
€7809
€7775
€7357
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
-
-
-
10 000
unemployment
-
-
-
6
income
-
-
-
1 500
pensions

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

-
-
-
223
health
-
-
-
173
total
-
-
-
1 902
Employee
982
-
9 705
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
health
45
-
69
-
pensions

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

86
-
132
-
income
98
-
970
-
total
240
-
1 188
-
Employer
982
-
9 705
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
pensions

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

108
-
166
-
unemployment
6
-
9
-
health
68
-
104
-
total
193
-
296
-
Corporate
8 826
10 000
-
-
income
883
1 000
-
-
total
883
1 000
-
-
Dividends
7 943
9 000
-
-
withholding
397
450
-
-
total
397
450
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 713
1 450
1 484
1 902
After tax
8 287
8 550
8 516
8 098
Living cost
741
741
741
741
Free-cash
7 546
7 809
7 775
7 357

Estimated living cost  is €741 per month

€490
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.
€18
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.
€191
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
€4022
€3448
€4479
€3337
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.

-
-
-
10 000
trade
-
-
-
1 142
income

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

-
-
-
3 342
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.

-
-
-
300
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.

-
-
-
184
total
-
-
-
4 968
Employee

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

2 185
-
10 000
-
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.

10
-
184
-
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.

300
-
300
-
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.

180
-
3 342
-
total
490
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 815
10 000
-
-
trade
1 122
1 435
-
-
income
1 172
1 500
-
-
surtax

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

64
82
-
-
chamber of commerce
18
21
-
-
total
2 376
3 038
-
-
Dividends
5 439
6 961
-
-
withholding
1 343
1 724
-
-
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.

74
95
-
-
total
1 417
1 819
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 283
4 857
3 826
4 968
After tax
5 717
5 143
6 174
5 032
Living cost
1 695
1 695
1 695
1 695
Free-cash
4 022
3 448
4 479
3 337

Estimated living cost  is €1695 per month

€1170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€319
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
€4596
€4498
€2504
€2504
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
-
-
-
10 000
social contributions
-
-
-
1 721
income
-
-
-
3 274
total
-
-
-
4 995
Employee
3 435
-
10 000
-
social contributions
285
-
1 721
-
income
648
-
3 274
-
total
933
-
4 995
-
Employer
3 435
-
10 000
-
total
-
-
-
-
Corporate
6 565
10 000
-
-
income
821
1 250
-
-
total
821
1 250
-
-
Dividends
5 744
8 750
-
-
withholding
1 149
1 750
-
-
total
1 149
1 750
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 903
3 000
4 995
4 995
After tax
7 097
7 000
5 005
5 005
Living cost
2 502
2 502
2 502
2 502
Free-cash
4 596
4 498
2 504
2 504

Estimated living cost  is €2502 per month

€1903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€204
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€371
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
€4827
€4674
€5378
€6642
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.

-
-
-
10 000
health

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

-
-
-
264
income
-
-
-
1 500
total
-
-
-
1 764
Employee
2 014
-
9 798
-
social contributions
202
-
202
-
income
219
-
2 624
-
total
421
-
2 826
-
Employer
2 014
-
9 798
-
social contributions
202
-
202
-
total
202
-
202
-
Corporate
7 784
10 000
-
-
income
2 724
3 500
-
-
total
2 724
3 500
-
-
Dividends
5 059
6 500
-
-
social contributions
232
232
-
-
total
232
232
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 579
3 732
3 028
1 764
After tax
6 421
6 268
6 972
8 236
Living cost
1 594
1 594
1 594
1 594
Free-cash
4 827
4 674
5 378
6 642

Estimated living cost  is €1594 per month

€1050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€394
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
€4933
€4675
€3944
€4836
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
-
-
-
10 000
income
-
-
-
3 104
pensions
-
-
-
439
total
-
-
-
3 543
Employee
2 225
-
8 714
-
health
29
-
117
-
pensions
170
-
523
-
income
405
-
2 509
-
total
604
-
3 149
-
Employer
2 225
-
8 714
-
pensions
225
-
1 120
-
health
42
-
166
-
total
267
-
1 286
-
Corporate
7 508
10 000
-
-
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.

1 427
1 900
-
-
total
1 427
1 900
-
-
Dividends
6 082
8 100
-
-
withholding
1 148
1 804
-
-
total
1 148
1 804
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 446
3 704
4 435
3 543
After tax
6 554
6 296
5 565
6 457
Living cost
1 621
1 621
1 621
1 621
Free-cash
4 933
4 675
3 944
4 836

Estimated living cost  is €1621 per month

€1112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€339
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
€646
-€259
€4437
€5759
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
-
-
-
10 000
other
-
-
-
17
income
-
-
-
2 859
pensions
-
-
-
187
accident
-
-
-
11
health
-
-
-
98
total
-
-
-
3 172
Employee
1 681
-
9 130
-
health
192
-
1 045
-
pensions
189
-
342
-
income
231
-
2 237
-
total
612
-
3 624
-
Employer
1 681
-
9 130
-
accident
28
-
152
-
pensions
273
-
494
-
unemployment
41
-
224
-
total
342
-
870
-
Corporate
7 977
10 000
-
-
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.

7 179
9 000
-
-
total
7 179
9 000
-
-
Dividends
798
1 000
-
-
withholding
152
190
-
-
total
152
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 285
9 190
4 494
3 172
After tax
1 715
810
5 506
6 828
Living cost
1 069
1 069
1 069
1 069
Free-cash
646
-259
4 437
5 759

Estimated living cost  is €1069 per month

€784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€201
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
€6926
€7058
€6760
€5796
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.

-
-
-
10 000
unemployment
-
-
-
84
income
-
-
-
1 683
pensions
-
-
-
1 291
health insurance
-
-
-
519
work injury
-
-
-
35
total
-
-
-
3 612
Employee

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

948
-
10 000
-
health insurance
70
-
260
-
unemployment
11
-
42
-
work injury
5
-
18
-
pensions
174
-
645
-
income
95
-
1 683
-
total
355
-
2 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 052
10 000
-
-
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%.

905
1 000
-
-
total
905
1 000
-
-
Dividends
8 147
9 000
-
-
withholding
1 222
1 350
-
-
total
1 222
1 350
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 482
2 350
2 648
3 612
After tax
7 518
7 650
7 352
6 388
Living cost
592
592
592
592
Free-cash
6 926
7 058
6 760
5 796

Estimated living cost  is €592 per month

€367
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.
€18
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.
€164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
€3318
€3518
€2592
€2952
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
-
-
-
10 000
regional
-
-
-
245
social contributions
-
-
-
2 198
municipal
-
-
-
70
national
-
-
-
2 786
total
-
-
-
5 299
Employee
3 700
-
10 000
-
national
625
-
2 492
-
regional
56
-
222
-
municipal
22
-
64
-
social contributions
1 248
-
2 881
-
total
1 951
-
5 659
-
Employer
3 700
-
10 000
-
total
-
-
-
-
Corporate
6 300
10 000
-
-
nationa
1 512
2 400
-
-
municipal
304
482
-
-
total
1 816
2 882
-
-
Dividends
4 484
7 118
-
-
withholding
1 166
1 851
-
-
total
1 166
1 851
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 933
4 733
5 659
5 299
After tax
5 067
5 267
4 341
4 701
Living cost
1 749
1 749
1 749
1 749
Free-cash
3 318
3 518
2 592
2 952

Estimated living cost  is €1749 per month

€1229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€374
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

Close
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Additional information

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Estimated living cost

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Additional information

Source

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