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
€4844
€3591
€3710
€4195
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
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
trade
-
-
-
1 253
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
-
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
-
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
-
total
350
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 320
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.

69
82
-
-
income
1 248
1 500
-
-
chamber of commerce
19
21
-
-
trade
1 310
1 575
-
-
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
€3409
€3355
€3858
€3818
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
-
-
-
108
national
-
-
-
1 847
pensions
-
-
-
1 200
municipal
-
-
-
1 108
total
-
-
-
4 263
Employee
3 693
-
8 645
-
municipal
456
-
1 146
-
national
707
-
1 932
-
pensions
148
-
346
-
total
1 311
-
3 424
-
Employer
3 693
-
8 645
-
pensions
295
-
692
-
social contributions
40
-
93
-
total
335
-
785
-
Corporate
5 728
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%.

1 146
2 000
-
-
total
1 146
2 000
-
-
Dividends
4 583
8 000
-
-
withholding
1 008
1 760
-
-
total
1 008
1 760
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 800
3 760
4 209
4 263
After tax
6 200
6 240
5 791
5 737
Living cost
2 382
2 382
2 382
2 382
Free-cash
3 818
3 858
3 409
3 355

Estimated living cost  is €2382 per month

€1619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€36
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.
€506
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
€3439
€2732
€7086
€6726
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
-
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
-
surtax
-
-
1 142
-
total
369
-
3 520
-
Employer
1 283
-
7 873
-
surtax
-
-
866
-
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
-
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
€4555
€3523
€3144
€2874
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
health
-
-
-
542
pensions
-
-
-
514
total
-
-
-
4 637
Employee
3 750
3 750
9 184
-
income

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

614
614
1 733
-
health
576
490
542
-
pensions
675
514
514
-
total
1 865
1 618
2 789
-
Employer
3 750
3 750
9 184
-
unemployment
135
135
168
-
pensions
261
261
324
-
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
€3188
€3230
€3690
€3650
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
accident
-
-
-
8
national
-
-
-
1 229
health
-
-
-
242
unemployment
-
-
-
4
other
-
-
-
451
pensions
-
-
-
419
municipal
-
-
-
2 647
total
-
-
-
5 000
Employee
2 522
-
8 781
-
municipal
752
-
2 618
-
national
-
-
1 205
-
total
752
-
3 823
-
Employer
2 522
-
8 781
-
other
293
-
451
-
unemployment
67
-
102
-
pensions
273
-
419
-
health
155
-
239
-
accident
5
-
8
-
total
793
-
1 219
-
Corporate
6 685
10 000
-
-
income
1 471
2 200
-
-
total
1 471
2 200
-
-
Dividends
5 214
7 800
-
-
withholding
1 564
2 340
-
-
total
1 564
2 340
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 580
4 540
5 042
5 000
After tax
5 420
5 460
4 958
5 000
Living cost
1 770
1 770
1 770
1 770
Free-cash
3 650
3 690
3 188
3 230

Estimated living cost  is €1770 per month

€1173
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.
€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

Source of data for Stockholm model

Close
Hamburg , Germany
€4449
€3140
€3264
€3881
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
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
trade
-
-
-
1 309
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
-
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
-
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
-
total
501
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 773
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.

64
82
-
-
income
1 166
1 500
-
-
chamber of commerce
18
21
-
-
trade
1 279
1 645
-
-
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
€5215
€5298
€5865
€5680
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
-
social contributions
164
280
378
-
income
355
313
2 269
-
health
34
57
161
-
total
553
650
2 808
-
Employer
3 377
3 377
9 447
-
health
37
62
175
-
social contributions
164
280
378
-
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
€4933
€6065
€4749
€4769
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
-
-
-
1 222
health
-
-
-
700
unemployment
-
-
-
150
pensions
-
-
-
1 000
total
-
-
-
3 072
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.

1 246
496
8 368
-
income
152
61
1 023
-
health
87
35
586
-
pensions
125
50
837
-
unemployment
19
7
126
-
total
383
153
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.

1 246
496
8 368
-
pensions
243
97
1 632
-
total
243
97
1 632
-
Corporate
8 511
9 407
-
-
income
766
847
-
-
total
766
847
-
-
Dividends
7 745
8 561
-
-
withholding
1 471
1 627
-
-
social contributions
1 505
1 664
-
-
total
2 976
3 291
-
-
Income
10 000
10 000
10 000
10 000
Total tax
4 368
4 388
4 204
3 072
After tax
5 632
5 612
5 796
6 928
Living cost
863
863
863
863
Free-cash
4 769
4 749
4 933
6 065

Estimated living cost  is €863 per month

€589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€17
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.
€186
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
€4701
€4299
€6939
€6666
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
health
-
-
-
1 300
pensions
-
-
-
2 000
total
-
-
-
4 640
Employee
1 246
-
7 474
-
income
140
-
1 441
-
pensions
25
-
150
-
unemployment
20
-
120
-
total
185
-
1 711
-
Employer
1 246
-
7 474
-
unemployment
10
-
60
-
pensions
249
-
1 495
-
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
€4547
€5864
-€154
€662
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
accident
-
-
-
11
income
-
-
-
2 867
health
-
-
-
96
other
-
-
-
16
pensions
-
-
-
182
total
-
-
-
3 172
Employee
1 517
-
9 141
-
income
208
-
2 248
-
health
174
-
1 047
-
pensions
171
-
334
-
total
553
-
3 629
-
Employer
1 517
-
9 141
-
unemployment
37
-
224
-
pensions
247
-
483
-
accident
25
-
153
-
total
309
-
860
-
Corporate
8 174
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.

7 357
9 000
-
-
total
7 357
9 000
-
-
Dividends
817
1 000
-
-
withholding
155
190
-
-
total
155
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 374
9 190
4 489
3 172
After tax
1 626
810
5 511
6 828
Living cost
964
964
964
964
Free-cash
662
-154
4 547
5 864

Estimated living cost  is €964 per month

€707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€53
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.
€184
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
€7626
€9526
€9126
€9056
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
467
-
10 000
-
income
93
-
2 000
-
total
93
-
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%.

9 533
10 000
-
-
total
-
-
-
-
Dividends
9 533
10 000
-
-
withholding
477
500
-
-
total
477
500
-
-
Income
10 000
10 000
10 000
10 000
Total tax
570
500
2 000
100
After tax
9 430
9 500
8 000
9 900
Living cost
374
374
374
374
Free-cash
9 056
9 126
7 626
9 526

Estimated living cost  is €374 per month

€232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€31
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.
€101
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
€4773
€4855
€6177
€5880
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
-
-
-
1 761
health
-
-
-
294
other
-
-
-
317
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
total
-
-
-
3 975
Employee
1 594
-
8 304
-
income
274
-
1 733
-
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
-
unemployment
16
-
67
-
total
424
-
2 361
-
Employer
1 594
-
8 304
-
other
80
-
334
-
unemployment
16
-
67
-
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
-
health
22
-
94
-
accident
13
-
66
-
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
€2622
€3516
€3357
€3712
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
-
-
-
3 096
pensions
-
-
-
441
total
-
-
-
3 537
Employee
4 169
-
8 715
-
income
752
-
2 501
-
health
69
-
118
-
pensions
402
-
526
-
total
1 223
-
3 145
-
Employer
4 169
-
8 715
-
pensions
492
-
1 120
-
health
79
-
166
-
total
571
-
1 286
-
Corporate
5 259
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.

999
1 900
-
-
total
999
1 900
-
-
Dividends
4 260
8 100
-
-
withholding
548
1 796
-
-
total
548
1 796
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 341
3 696
4 431
3 537
After tax
6 659
6 304
5 569
6 463
Living cost
2 947
2 947
2 947
2 947
Free-cash
3 712
3 357
2 622
3 516

Estimated living cost  is €2947 per month

€2208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€346
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.
€369
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
€7942
€7524
€7980
€7778
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
-
-
-
1 500
health
-
-
-
175
unemployment
-
-
-
6
pensions

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

-
-
-
225
total
-
-
-
1 906
Employee
755
-
9 702
-
income
76
-
970
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
health
35
-
70
-
pensions

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

66
-
133
-
total
185
-
1 190
-
Employer
755
-
9 702
-
unemployment
5
-
9
-
pensions

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

83
-
167
-
health
52
-
105
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
total
148
-
298
-
Corporate
9 096
10 000
-
-
income
910
1 000
-
-
total
910
1 000
-
-
Dividends
8 187
9 000
-
-
withholding
409
450
-
-
total
409
450
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 652
1 450
1 488
1 906
After tax
8 348
8 550
8 512
8 094
Living cost
570
570
570
570
Free-cash
7 778
7 980
7 942
7 524

Estimated living cost  is €570 per month

€333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€182
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
€3960
€2928
€2549
€2660
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
health
-
-
-
542
pensions
-
-
-
514
total
-
-
-
4 637
Employee
4 071
3 750
9 184
-
income

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

614
614
1 733
-
health
508
490
542
-
pensions
514
514
514
-
total
1 636
1 618
2 789
-
Employer
4 071
3 750
9 184
-
unemployment
147
135
168
-
pensions
283
261
324
-
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
€4366
€4802
€5791
€5401
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
-
-
-
1 575
income
-
-
-
1 061
health
-
-
-
1 350
solidarity contribution
-
-
-
118
total
-
-
-
4 104
Employee
1 610
-
7 937
-
social contributions
105
-
351
-
income
193
-
977
-
health
217
-
1 072
-
solidarity contribution
-
-
78
-
total
515
-
2 478
-
Employer
1 610
-
7 937
-
health
145
-
714
-
social contributions
402
-
1 348
-
total
547
-
2 062
-
Corporate
7 843
10 000
-
-
income
1 490
1 900
-
-
total
1 490
1 900
-
-
Dividends
6 353
8 100
-
-
withholding
953
1 215
-
-
total
953
1 215
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 505
3 115
4 540
4 104
After tax
6 495
6 885
5 460
5 896
Living cost
1 094
1 094
1 094
1 094
Free-cash
5 401
5 791
4 366
4 802

Estimated living cost  is €1094 per month

€760
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.
€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.
€235
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
€2602
€2974
€3482
€3253
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
-
-
-
2 198
national
-
-
-
2 786
regional
-
-
-
127
municipal
-
-
-
62
total
-
-
-
5 173
Employee
3 903
-
10 000
-
social contributions
1 316
-
2 881
-
municipal
21
-
57
-
regional
37
-
115
-
national
676
-
2 492
-
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
€3464
€3734
€5321
€5184
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
-
-
-
3 164
health
-
-
-
416
unemployment
-
-
-
10
other
-
-
-
-
pensions
-
-
-
1 172
surtax
-
-
-
535
total
-
-
-
5 297
Employee
1 452
-
8 766
-
income
243
-
2 902
-
surtax
5
-
483
-
health
37
-
149
-
pensions
97
-
391
-
unemployment
101
-
408
-
other
-
-
-
-
total
483
-
4 333
-
Employer
1 452
-
8 766
-
other
-
-
-
-
unemployment
46
-
186
-
pensions
194
-
781
-
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
€3556
€4450
€4291
€4583
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
-
-
-
3 096
pensions
-
-
-
441
total
-
-
-
3 537
Employee
2 794
-
8 715
-
income
503
-
2 501
-
health
41
-
118
-
pensions
237
-
526
-
total
781
-
3 145
-
Employer
2 794
-
8 715
-
pensions
302
-
1 120
-
health
53
-
166
-
total
355
-
1 286
-
Corporate
6 850
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.

1 302
1 900
-
-
total
1 302
1 900
-
-
Dividends
5 549
8 100
-
-
withholding
966
1 796
-
-
total
966
1 796
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 404
3 696
4 431
3 537
After tax
6 596
6 304
5 569
6 463
Living cost
2 013
2 013
2 013
2 013
Free-cash
4 583
4 291
3 556
4 450

Estimated living cost  is €2013 per month

€1508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€151
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.
€333
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
€4125
€4495
€1128
€2602
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
city
-
-
-
105
health
-
-
-
22
national
-
-
-
255
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
pensions
-
-
-
920
regional
-
-
-
558
total
-
-
-
2 060
Employee
4 031
-
8 998
-
regional
132
-
497
-
health
9
-
20
-
national
19
-
210
-
pensions
339
-
703
-
unemployment
-
-
-
-
city
43
-
97
-
total
542
-
1 527
-
Employer
4 031
-
8 998
-
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.

81
-
180
-
unemployment
-
-
-
-
pensions
339
-
703
-
health
9
-
20
-
total
429
-
903
-
Corporate
5 496
10 000
-
-
regional
1 162
2 115
-
-
national
467
850
-
-
total
1 629
2 965
-
-
Dividends
3 867
7 035
-
-
withholding
1 353
2 462
-
-
total
1 353
2 462
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 953
5 427
2 430
2 060
After tax
6 047
4 573
7 570
7 940
Living cost
3 445
3 445
3 445
3 445
Free-cash
2 602
1 128
4 125
4 495

Estimated living cost  is €3445 per month

€2240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€42
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.
€853
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
€4162
€2797
€2925
€3638
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
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
trade
-
-
-
1 365
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
-
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
-
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
-
total
627
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 361
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.

61
82
-
-
income
1 104
1 500
-
-
chamber of commerce
17
21
-
-
trade
1 262
1 715
-
-
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
€3658
€3959
€3538
€3797
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
-
-
-
285
income
-
-
-
1 883
health
-
-
-
494
other
-
-
-
310
pensions
-
-
-
1 567
surtax
-
-
-
-
total
-
-
-
4 539
Employee
1 879
-
7 622
-
social contributions
54
-
217
-
income
111
-
1 666
-
surtax
-
-
-
-
pensions
212
-
579
-
total
377
-
2 462
-
Employer
1 879
-
7 622
-
other
65
-
318
-
unemployment
76
-
309
-
pensions
309
-
965
-
health
132
-
763
-
social contributions
6
-
23
-
total
588
-
2 378
-
Corporate
7 534
10 000
-
-
surtax
-
-
-
-
income
2 109
2 800
-
-
total
2 109
2 800
-
-
Dividends
5 424
7 200
-
-
withholding
694
922
-
-
surtax
-
-
-
-
social contributions
933
1 238
-
-
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
€3806
€4107
€3686
€3929
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
-
-
-
285
income
-
-
-
1 883
health
-
-
-
494
other
-
-
-
310
pensions
-
-
-
1 567
surtax
-
-
-
-
total
-
-
-
4 539
Employee
1 678
-
7 622
-
social contributions
48
-
217
-
income
86
-
1 666
-
surtax
-
-
-
-
pensions
190
-
579
-
total
324
-
2 462
-
Employer
1 678
-
7 622
-
other
58
-
318
-
unemployment
68
-
309
-
pensions
276
-
965
-
health
117
-
763
-
social contributions
5
-
23
-
total
524
-
2 378
-
Corporate
7 798
10 000
-
-
surtax
-
-
-
-
income
2 184
2 800
-
-
total
2 184
2 800
-
-
Dividends
5 615
7 200
-
-
withholding
719
922
-
-
surtax
-
-
-
-
social contributions
966
1 238
-
-
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
€5218
€5491
€5170
€5192
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
-
social contributions
206
-
1 380
-
income
248
-
1 773
-
health
104
-
698
-
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
€1073
€3574
€3965
€3896
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
-
-
-
3 220
health
-
-
-
392
unemployment
-
-
-
269
pensions
-
-
-
949
surtax
-
-
-
9
chamber of commerce
-
-
-
40
total
-
-
-
4 879
Employee
2 195
1 750
8 285
-
income
250
129
2 706
-
health
85
68
198
-
pensions
225
179
525
-
unemployment
66
52
154
-
other
22
18
51
-
total
648
446
3 634
-
Employer
2 195
1 750
8 285
-
other
104
83
367
-
surtax
9
9
9
-
unemployment
66
52
154
-
pensions
275
220
644
-
payroll
66
52
248
-
health
83
66
194
-
accident
28
23
67
-
chamber of commerce
9
7
33
-
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
€1794
€2749
€3880
€3327
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
-
communal

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

164
-
404
-
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
-
national
966
-
2 935
-
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
-
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
-
total
1 541
-
4 351
-
Employer

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

3 141
-
7 745
-
surtax
356
-
878
-
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
-
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
-
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
-
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
-
total
914
-
2 254
-
Corporate
5 944
10 000
-
-
surtax
24
43
-
-
income
1 189
2 150
-
-
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
€3815
€4001
€5052
€4752
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
accident
-
-
-
37
income
-
-
-
3 192
unemployment
-
-
-
28
other
-
-
-
4
pensions
-
-
-
1 152
total
-
-
-
4 413
Employee
2 186
-
8 702
-
income
461
-
3 042
-
pensions
103
-
191
-
unemployment
34
-
63
-
other
2
-
4
-
total
600
-
3 300
-
Employer
2 186
-
8 702
-
other
17
-
33
-
unemployment
120
-
224
-
pensions
516
-
961
-
accident
43
-
81
-
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
€2703
€2304
€3267
€2662
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
accident
-
-
-
84
income
-
-
-
1 896
health
-
-
-
703
communal
-
-
-
632
pensions
-
-
-
1 499
surtax
-
-
-
496
total
-
-
-
5 310
Employee
3 326
-
8 933
-
income
321
-
2 184
-
surtax
204
-
547
-
health
148
-
398
-
pensions
266
-
715
-
total
939
-
3 844
-
Employer
3 326
-
8 933
-
pensions
266
-
715
-
health
101
-
272
-
accident
30
-
80
-
total
397
-
1 067
-
Corporate
6 277
10 000
-
-
surtax
66
105
-
-
income
942
1 500
-
-
communal
424
675
-
-
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
€3447
€3717
€5304
€5164
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
-
-
-
3 164
health
-
-
-
416
unemployment
-
-
-
10
other
-
-
-
-
pensions
-
-
-
1 172
surtax
-
-
-
535
total
-
-
-
5 297
Employee
1 479
-
8 766
-
income
248
-
2 902
-
surtax
5
-
483
-
health
38
-
149
-
pensions
99
-
391
-
unemployment
103
-
408
-
other
-
-
-
-
total
493
-
4 333
-
Employer
1 479
-
8 766
-
other
-
-
-
-
unemployment
47
-
186
-
pensions
197
-
781
-
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
€3242
€3613
€4073
€3976
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
-
-
-
2 198
national
-
-
-
2 786
regional
-
-
-
158
municipal
-
-
-
62
total
-
-
-
5 204
Employee
2 436
-
10 000
-
social contributions
821
-
2 881
-
municipal
13
-
57
-
regional
33
-
145
-
national
386
-
2 492
-
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
€4111
€4547
€5536
€5054
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
-
-
-
1 575
income
-
-
-
1 061
health
-
-
-
1 350
solidarity contribution
-
-
-
118
total
-
-
-
4 104
Employee
1 983
-
7 937
-
social contributions
129
-
351
-
income
238
-
977
-
health
268
-
1 072
-
solidarity contribution
-
-
78
-
total
635
-
2 478
-
Employer
1 983
-
7 937
-
health
179
-
714
-
social contributions
496
-
1 348
-
total
675
-
2 062
-
Corporate
7 342
10 000
-
-
income
1 395
1 900
-
-
total
1 395
1 900
-
-
Dividends
5 947
8 100
-
-
withholding
892
1 215
-
-
total
892
1 215
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 597
3 115
4 540
4 104
After tax
6 403
6 885
5 460
5 896
Living cost
1 349
1 349
1 349
1 349
Free-cash
5 054
5 536
4 111
4 547

Estimated living cost  is €1349 per month

€1003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€75
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.
€248
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
€1221
€3729
€4115
€4091
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
-
-
-
3 220
health
-
-
-
392
unemployment
-
-
-
269
pensions
-
-
-
949
surtax
-
-
-
-
chamber of commerce
-
-
-
40
total
-
-
-
4 870
Employee
1 920
1 750
8 293
-
income
171
129
2 710
-
health
74
68
198
-
pensions
197
179
525
-
unemployment
58
52
154
-
other
19
18
51
-
total
519
446
3 638
-
Employer
1 920
1 750
8 293
-
other
91
83
367
-
surtax
-
-
-
-
unemployment
58
52
154
-
pensions
241
220
644
-
payroll
58
52
249
-
health
73
66
194
-
accident
25
23
67
-
chamber of commerce
8
7
33
-
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
€7417
€9317
€8917
€8807
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
728
-
10 000
-
income
146
-
2 000
-
total
146
-
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%.

9 272
10 000
-
-
total
-
-
-
-
Dividends
9 272
10 000
-
-
withholding
464
500
-
-
total
464
500
-
-
Income
10 000
10 000
10 000
10 000
Total tax
610
500
2 000
100
After tax
9 390
9 500
8 000
9 900
Living cost
583
583
583
583
Free-cash
8 807
8 917
7 417
9 317

Estimated living cost  is €583 per month

€394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€24
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.
€144
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
€3235
€3452
€5707
€5340
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
income
-
-
-
2 545
health
-
-
-
984
unemployment
-
-
-
15
pensions
-
-
-
1 826
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
-
income
335
-
2 328
-
health
125
-
559
-
pensions
301
-
1 341
-
unemployment
3
-
12
-
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
-
unemployment
1
-
5
-
pensions
172
-
766
-
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
€7289
€4834
€4007
€1717
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
2 979
-
-
-
social contributions
244
-
35
-
income
657
-
-
-
total
901
-
35
-
Employer
2 979
-
-
-
social contributions
4 200
-
599
-
total
4 200
-
599
-
Corporate
2 822
10 000
-
-
income
621
2 200
-
-
total
621
2 200
-
-
Dividends
2 201
7 800
-
-
income
484
1 716
-
-
total
484
1 716
-
-
Income
10 000
10 000
10 000
10 000
Total tax
6 206
3 916
634
3 089
After tax
3 794
6 084
9 366
6 911
Living cost
2 077
2 077
2 077
2 077
Free-cash
1 717
4 007
7 289
4 834

Estimated living cost  is €2077 per month

€1348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€195
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.
€508
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
€3048
€3833
€4311
€4267
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
-
social contributions
222
-
889
-
income
420
-
2 754
-
surtax
-
-
13
-
total
642
-
3 656
-
Employer
2 020
-
8 081
-
social contributions
480
-
1 919
-
total
480
-
1 919
-
Corporate
7 501
10 000
-
-
surtax
-
-
-
-
income
1 575
2 100
-
-
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
€3039
€3340
€2919
€3223
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
-
-
-
285
income
-
-
-
1 883
health
-
-
-
494
other
-
-
-
310
pensions
-
-
-
1 567
surtax
-
-
-
-
total
-
-
-
4 539
Employee
2 750
-
7 622
-
social contributions
78
-
217
-
income
240
-
1 666
-
surtax
-
-
-
-
pensions
311
-
579
-
total
629
-
2 462
-
Employer
2 750
-
7 622
-
other
95
-
318
-
unemployment
111
-
309
-
pensions
452
-
965
-
health
192
-
763
-
social contributions
8
-
23
-
total
858
-
2 378
-
Corporate
6 391
10 000
-
-
surtax
-
-
-
-
income
1 789
2 800
-
-
total
1 789
2 800
-
-
Dividends
4 601
7 200
-
-
withholding
589
922
-
-
surtax
-
-
-
-
social contributions
791
1 238
-
-
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
€6232
€5967
€7680
€7532
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
€451
€3655
€451
€257
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
national
-
-
-
1 248
pensions
-
-
-
38
labour market
-
-
-
797
municipal
-
-
-
2 151
total
-
-
-
4 234
Employee
8 910
8 910
8 910
-
municipal
1 897
1 897
1 897
-
national
1 088
1 088
1 088
-
pensions
13
13
13
-
labour market
712
712
712
-
total
3 710
3 710
3 710
-
Employer
8 910
8 910
8 910
-
national
1 090
1 090
1 090
-
pensions
25
25
25
-
labour market
713
713
713
-
municipal
1 900
1 900
1 900
-
total
3 728
3 728
3 728
-
Corporate
450
-
-
-
income
99
-
-
-
total
99
-
-
-
Dividends
351
-
-
-
withholding
95
-
-
-
total
95
-
-
-
Income
10 000
10 000
10 000
10 000
Total tax
7 632
7 438
7 438
4 234
After tax
2 368
2 562
2 562
5 766
Living cost
2 111
2 111
2 111
2 111
Free-cash
257
451
451
3 655

Estimated living cost  is €2111 per month

€1445
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
€4561
€5878
-€140
€664
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
accident
-
-
-
11
income
-
-
-
2 867
health
-
-
-
96
other
-
-
-
16
pensions
-
-
-
182
total
-
-
-
3 172
Employee
1 494
-
9 141
-
income
205
-
2 248
-
health
171
-
1 047
-
pensions
168
-
334
-
total
544
-
3 629
-
Employer
1 494
-
9 141
-
unemployment
37
-
224
-
pensions
243
-
483
-
accident
25
-
153
-
total
305
-
860
-
Corporate
8 201
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.

7 381
9 000
-
-
total
7 381
9 000
-
-
Dividends
820
1 000
-
-
withholding
156
190
-
-
total
156
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 386
9 190
4 489
3 172
After tax
1 614
810
5 511
6 828
Living cost
950
950
950
950
Free-cash
664
-140
4 561
5 878

Estimated living cost  is €950 per month

€691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€54
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.
€186
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
€3289
€4434
€4440
€4576
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
national
-
-
-
1 968
health
-
-
-
136
municipal
-
-
-
1 776
total
-
-
-
3 880
Employee
2 310
-
8 413
-
municipal
378
-
1 369
-
health
17
-
111
-
national
38
-
1 263
-
pensions
156
-
568
-
unemployment
35
-
126
-
total
624
-
3 437
-
Employer
2 310
-
8 413
-
unemployment
15
-
55
-
pensions
401
-
1 460
-
health
18
-
65
-
accident
2
-
8
-
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
€5622
€5705
€6272
€6031
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
-
social contributions
128
280
378
-
income
368
313
2 269
-
health
26
57
161
-
total
522
650
2 808
-
Employer
3 377
3 377
9 447
-
health
28
62
175
-
social contributions
128
280
378
-
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
€6947
€7828
€7584
€7361
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
income
-
-
-
1 036
health
-
-
-
159
unemployment
-
-
-
1
pensions
-
-
-
279
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
-
income
69
-
927
-
health
86
-
354
-
pensions
151
-
625
-
unemployment
5
-
21
-
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
-
unemployment
5
-
21
-
pensions
55
-
229
-
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
€4193
€4379
€5430
€5237
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
accident
-
-
-
37
income
-
-
-
3 192
unemployment
-
-
-
28
other
-
-
-
4
pensions
-
-
-
1 152
total
-
-
-
4 413
Employee
1 624
-
8 702
-
income
313
-
3 042
-
pensions
76
-
191
-
unemployment
25
-
63
-
other
2
-
4
-
total
416
-
3 300
-
Employer
1 624
-
8 702
-
other
13
-
33
-
unemployment
89
-
224
-
pensions
383
-
961
-
accident
32
-
81
-
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
€6377
€6383
€6166
€6154
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
-
-
-
3 450
health
-
-
-
39
pensions
-
-
-
54
total
-
-
-
3 543
Employee
113
-
9 939
-
income
22
-
3 448
-
health
6
-
13
-
pensions
10
-
24
-
unemployment
1
-
3
-
total
39
-
3 488
-
Employer
113
-
9 939
-
unemployment
2
-
5
-
pensions
12
-
30
-
health
11
-
26
-
total
25
-
61
-
Corporate
9 862
10 000
-
-
income
2 170
2 200
-
-
total
2 170
2 200
-
-
Dividends
7 692
7 800
-
-
withholding
1 538
1 560
-
-
total
1 538
1 560
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 772
3 760
3 549
3 543
After tax
6 228
6 240
6 451
6 457
Living cost
74
74
74
74
Free-cash
6 154
6 166
6 377
6 383

Estimated living cost  is €74 per month

€44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€5700
€5700
€6467
€6250
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
income
-
-
-
2 317
health
-
-
-
334
unemployment
-
-
-
49
pensions
-
-
-
842
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
-
income
158
-
2 317
-
health
59
-
167
-
pensions
160
-
454
-
unemployment
9
-
24
-
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
-
unemployment
9
-
24
-
pensions
137
-
389
-
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

€510
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
€3241
€4026
€4504
€4487
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
-
social contributions
188
-
889
-
income
333
-
2 754
-
surtax
-
-
13
-
total
521
-
3 656
-
Employer
1 704
-
8 081
-
social contributions
405
-
1 919
-
total
405
-
1 919
-
Corporate
7 891
10 000
-
-
surtax
-
-
-
-
income
1 657
2 100
-
-
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
€3858
€4044
€5095
€4808
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
accident
-
-
-
37
income
-
-
-
3 192
unemployment
-
-
-
28
other
-
-
-
4
pensions
-
-
-
1 152
total
-
-
-
4 413
Employee
2 121
-
8 702
-
income
443
-
3 042
-
pensions
100
-
191
-
unemployment
33
-
63
-
other
2
-
4
-
total
578
-
3 300
-
Employer
2 121
-
8 702
-
other
17
-
33
-
unemployment
117
-
224
-
pensions
500
-
961
-
accident
42
-
81
-
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
€7764
€7346
€7802
€7537
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
-
-
-
1 500
health
-
-
-
175
unemployment
-
-
-
6
pensions

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

-
-
-
225
total
-
-
-
1 906
Employee
991
-
9 702
-
income
99
-
970
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
health
46
-
70
-
pensions

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

87
-
133
-
total
243
-
1 190
-
Employer
991
-
9 702
-
unemployment
6
-
9
-
pensions

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

109
-
167
-
health
68
-
105
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
total
194
-
298
-
Corporate
8 815
10 000
-
-
income
881
1 000
-
-
total
881
1 000
-
-
Dividends
7 933
9 000
-
-
withholding
397
450
-
-
total
397
450
-
-
Income
10 000
10 000
10 000
10 000
Total tax
1 715
1 450
1 488
1 906
After tax
8 285
8 550
8 512
8 094
Living cost
748
748
748
748
Free-cash
7 537
7 802
7 764
7 346

Estimated living cost  is €748 per month

€495
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.
€193
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
€4479
€3337
€3448
€4022
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
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
trade
-
-
-
1 142
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
-
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
-
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
-
total
490
-
3 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 815
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.

64
82
-
-
income
1 172
1 500
-
-
chamber of commerce
18
21
-
-
trade
1 122
1 435
-
-
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
€2504
€2504
€4498
€4596
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
-
-
-
3 274
social contributions
-
-
-
1 721
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
€5378
€6637
€4674
€4827
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
income
-
-
-
1 500
health

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

-
-
-
269
total
-
-
-
1 769
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
1 769
After tax
6 421
6 268
6 972
8 231
Living cost
1 594
1 594
1 594
1 594
Free-cash
4 827
4 674
5 378
6 637

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
€3932
€4826
€4667
€4929
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
-
-
-
3 096
pensions
-
-
-
441
total
-
-
-
3 537
Employee
2 247
-
8 715
-
income
409
-
2 501
-
health
29
-
118
-
pensions
171
-
526
-
total
609
-
3 145
-
Employer
2 247
-
8 715
-
pensions
227
-
1 120
-
health
43
-
166
-
total
270
-
1 286
-
Corporate
7 484
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.

1 422
1 900
-
-
total
1 422
1 900
-
-
Dividends
6 062
8 100
-
-
withholding
1 133
1 796
-
-
total
1 133
1 796
-
-
Income
10 000
10 000
10 000
10 000
Total tax
3 434
3 696
4 431
3 537
After tax
6 566
6 304
5 569
6 463
Living cost
1 637
1 637
1 637
1 637
Free-cash
4 929
4 667
3 932
4 826

Estimated living cost  is €1637 per month

€1123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€151
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.
€343
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
€4467
€5784
-€234
€651
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
accident
-
-
-
11
income
-
-
-
2 867
health
-
-
-
96
other
-
-
-
16
pensions
-
-
-
182
total
-
-
-
3 172
Employee
1 642
-
9 141
-
income
225
-
2 248
-
health
188
-
1 047
-
pensions
185
-
334
-
total
598
-
3 629
-
Employer
1 642
-
9 141
-
unemployment
40
-
224
-
pensions
267
-
483
-
accident
27
-
153
-
total
334
-
860
-
Corporate
8 023
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.

7 221
9 000
-
-
total
7 221
9 000
-
-
Dividends
802
1 000
-
-
withholding
152
190
-
-
total
152
190
-
-
Income
10 000
10 000
10 000
10 000
Total tax
8 305
9 190
4 489
3 172
After tax
1 695
810
5 511
6 828
Living cost
1 044
1 044
1 044
1 044
Free-cash
651
-234
4 467
5 784

Estimated living cost  is €1044 per month

€766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€61
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.
€196
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
€6758
€5793
€7057
€6924
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
health insurance
-
-
-
520
income
-
-
-
1 683
work injury
-
-
-
35
unemployment
-
-
-
84
pensions
-
-
-
1 292
total
-
-
-
3 614
Employee

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

949
-
10 000
-
work injury
5
-
18
-
income
95
-
1 683
-
health insurance
70
-
260
-
pensions
175
-
646
-
unemployment
11
-
42
-
total
356
-
2 649
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 051
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
8 146
9 000
-
-
withholding
1 222
1 350
-
-
total
1 222
1 350
-
-
Income
10 000
10 000
10 000
10 000
Total tax
2 483
2 350
2 649
3 614
After tax
7 517
7 650
7 351
6 386
Living cost
593
593
593
593
Free-cash
6 924
7 057
6 758
5 793

Estimated living cost  is €593 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
€2592
€2952
€3518
€3318
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
-
-
-
2 198
national
-
-
-
2 786
regional
-
-
-
245
municipal
-
-
-
70
total
-
-
-
5 299
Employee
3 700
-
10 000
-
social contributions
1 248
-
2 881
-
municipal
22
-
64
-
regional
56
-
222
-
national
625
-
2 492
-
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

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