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
€ 1050
per

Your estimated
City
free-cash

Dresden , Germany
€223
€337
€345
€436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
91
income

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

-
-
-
226
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
surtax

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

-
-
-
12
total
-
-
-
398
Employee

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

388
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

1
-
12
-
income

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

11
-
226
-
total
81
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
662
1 050
-
-
surtax

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

5
9
-
-
income
99
158
-
-
trade
104
165
-
-
chamber of commerce
2
3
-
-
total
210
335
-
-
Dividends
451
715
-
-
surtax

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

6
10
-
-
withholding
109
175
-
-
total
115
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
406
520
307
398
After tax
644
530
743
652
Living cost
307
307
307
307
Free-cash
337
223
436
345

Estimated living cost  is €307 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
€144
€135
€122
€129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
110
pensions
-
-
-
126
national
-
-
-
170
social contributions
-
-
-
11
total
-
-
-
417
Employee
793
-
908
-
municipal
98
-
114
-
pensions
32
-
36
-
national
152
-
177
-
total
282
-
327
-
Employer
793
-
908
-
social contributions
9
-
10
-
pensions
63
-
73
-
total
72
-
83
-
Corporate
133
1 050
-
-
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%.

27
210
-
-
total
27
210
-
-
Dividends
106
840
-
-
withholding
23
185
-
-
total
23
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
395
410
417
After tax
646
655
640
633
Living cost
511
511
511
511
Free-cash
135
144
129
122

Estimated living cost  is €511 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
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
€629
€545
€349
€380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 050
microenterprise
-
-
-
-
income
-
-
-
152
surtax
-
-
-
-
social contributions

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

-
-
-
338
total
-
-
-
490
Employee
296
-
846
-
social contributions

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

33
-
93
-
surtax
-
-
-
-
income
53
-
162
-
total
86
-
255
-
Employer
296
-
846
-
social contributions

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

71
-
204
-
surtax
-
-
-
-
total
71
-
204
-
Corporate
683
1 050
-
-
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%.

137
210
-
-
total
137
210
-
-
Dividends

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

546
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
294
210
459
490
After tax
756
840
591
560
Living cost
211
211
211
211
Free-cash
545
629
380
349

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
€83
€22
€170
€93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
212
pensions
-
-
-
119
health
-
-
-
124
total
-
-
-
455
Employee
865
865
894
-
health
133
113
115
-
income

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

142
142
142
-
pensions
156
119
119
-
total
431
374
376
-
Employer
865
865
894
-
unemployment
31
31
32
-
pensions
60
60
62
-
health
60
60
62
-
total
151
151
156
-
Corporate
44
33
-
-
income
9
7
-
-
total
9
7
-
-
Dividends
35
26
-
-
income
7
6
-
-
withholding
5
4
-
-
total
12
10
-
-
Income
1 050
1 050
1 050
1 050
Total tax
603
542
532
455
After tax
447
508
518
595
Living cost
425
425
425
425
Free-cash
22
83
93
170

Estimated living cost  is €425 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
€183
€174
€173
€171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
239
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
-
total
-
-
-
487
Employee
556
-
799
-
municipal
166
-
238
-
national
-
-
-
-
total
166
-
238
-
Employer
556
-
799
-
accident
1
-
2
-
other
65
-
93
-
unemployment
15
-
21
-
pensions
60
-
86
-
health
34
-
49
-
total
175
-
251
-
Corporate
319
1 050
-
-
income
70
231
-
-
total
70
231
-
-
Dividends
249
819
-
-
withholding
75
246
-
-
total
75
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
486
477
489
487
After tax
564
573
561
563
Living cost
390
390
390
390
Free-cash
174
183
171
173

Estimated living cost  is €390 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€87
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
€126
€272
€250
€345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
95
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.

-
-
-
226
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
surtax

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

-
-
-
12
total
-
-
-
402
Employee

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

514
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

2
-
12
-
income

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

44
-
226
-
total
115
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
536
1 050
-
-
surtax

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

4
9
-
-
income
80
158
-
-
trade
88
173
-
-
chamber of commerce
2
3
-
-
total
174
343
-
-
Dividends
361
708
-
-
surtax

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

5
10
-
-
withholding
86
173
-
-
total
91
183
-
-
Income
1 050
1 050
1 050
1 050
Total tax
380
526
307
402
After tax
670
524
743
648
Living cost
398
398
398
398
Free-cash
272
126
345
250

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
€440
€398
€410
€410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
120
health
-
-
-
27
social contributions
-
-
-
164
total
-
-
-
311
Employee
779
779
953
-
social contributions
38
65
79
-
health
8
13
16
-
income
82
72
119
-
total
128
150
214
-
Employer
779
779
953
-
social contributions
38
65
79
-
health
8
14
18
-
total
46
79
97
-
Corporate
548
192
-
-
income
68
24
-
-
total
68
24
-
-
Dividends
479
168
-
-
withholding
81
28
-
-
total
81
28
-
-
Income
1 050
1 050
1 050
1 050
Total tax
323
281
311
311
After tax
727
769
739
739
Living cost
329
329
329
329
Free-cash
398
440
410
410

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€406
€411
€544
€425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
128
pensions
-
-
-
105
unemployment
-
-
-
16
health
-
-
-
73
total
-
-
-
322
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.

265
105
879
-
health
19
7
62
-
income
32
13
107
-
pensions
26
11
88
-
unemployment
4
2
13
-
total
81
33
270
-
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.

265
105
879
-
pensions
52
21
171
-
total
52
21
171
-
Corporate
733
924
-
-
income
66
83
-
-
total
66
83
-
-
Dividends
667
841
-
-
social contributions
129
163
-
-
withholding
127
160
-
-
total
256
323
-
-
Income
1 050
1 050
1 050
1 050
Total tax
455
460
441
322
After tax
595
590
609
728
Living cost
184
184
184
184
Free-cash
411
406
425
544

Estimated living cost  is €184 per week

€125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
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
€595
€532
€318
€360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
141
pensions
-
-
-
210
health
-
-
-
136
total
-
-
-
487
Employee
287
-
785
-
income
32
-
151
-
pensions
6
-
16
-
unemployment
5
-
13
-
total
43
-
180
-
Employer
287
-
785
-
unemployment
2
-
6
-
pensions
58
-
157
-
health
37
-
102
-
total
97
-
265
-
Corporate
665
1 050
-
-
income
133
210
-
-
total
133
210
-
-
Dividends
532
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
273
210
445
487
After tax
777
840
605
563
Living cost
245
245
245
245
Free-cash
532
595
360
318

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-€136
€50
€498
€324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
260
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
331
Employee
348
-
902
-
health
40
-
103
-
income
48
-
177
-
pensions
39
-
77
-
total
127
-
357
-
Employer
348
-
902
-
accident
6
-
15
-
unemployment
9
-
22
-
pensions
57
-
111
-
total
72
-
148
-
Corporate
631
1 050
-
-
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.

568
945
-
-
total
568
945
-
-
Dividends
63
105
-
-
withholding
12
20
-
-
total
12
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
779
965
505
331
After tax
271
85
545
719
Living cost
221
221
221
221
Free-cash
50
-136
324
498

Estimated living cost  is €221 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€906
€888
€947
€748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
115
-
1 050
-
income
23
-
210
-
total
23
-
210
-
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%.

935
1 050
-
-
total
-
-
-
-
Dividends
935
1 050
-
-
withholding
47
52
-
-
total
47
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
70
52
210
11
After tax
980
998
840
1 039
Living cost
92
92
92
92
Free-cash
888
906
748
947

Estimated living cost  is €92 per week

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
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
€502
€432
€299
€342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
133
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.

-
-
-
252
other
-
-
-
50
health
-
-
-
46
total
-
-
-
481
Employee
368
-
839
-
health
5
-
12
-
income
63
-
147
-
pensions

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

26
-
59
-
unemployment
4
-
8
-
total
98
-
226
-
Employer
368
-
839
-
accident
3
-
7
-
other
18
-
42
-
unemployment
4
-
8
-
pensions

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

63
-
143
-
health
5
-
12
-
total
93
-
212
-
Corporate
589
1 050
-
-
income
124
220
-
-
total
124
220
-
-
Dividends
466
830
-
-
withholding
33
58
-
-
total
33
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
348
278
438
481
After tax
702
772
612
569
Living cost
270
270
270
270
Free-cash
432
502
342
299

Estimated living cost  is €270 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
€86
-€47
€70
-€25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
221
pensions
-
-
-
77
total
-
-
-
298
Employee
965
-
924
-
health
16
-
15
-
income
174
-
164
-
pensions
93
-
88
-
total
283
-
267
-
Employer
965
-
924
-
pensions
114
-
108
-
health
18
-
18
-
total
132
-
126
-
Corporate
-
1 050
-
-
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.

-
199
-
-
total
-
199
-
-
Dividends
-
851
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
1 050
1 050
1 050
1 050
Total tax
415
282
393
298
After tax
635
768
657
752
Living cost
682
682
682
682
Free-cash
-47
86
-25
70

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
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
€765
€718
€666
€699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
251
Employee
176
-
981
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
98
-
pensions

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

15
-
31
-
total
43
-
149
-
Employer
176
-
981
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
840
1 050
-
-
income
84
105
-
-
total
84
105
-
-
Dividends
756
945
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
199
152
218
251
After tax
851
898
832
799
Living cost
133
133
133
133
Free-cash
718
765
699
666

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-€54
-€54
€33
-€44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
212
pensions
-
-
-
119
health
-
-
-
124
total
-
-
-
455
Employee
940
865
894
-
health
117
113
115
-
income

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

142
142
142
-
pensions
119
119
119
-
total
378
374
376
-
Employer
940
865
894
-
unemployment
34
31
32
-
pensions
65
60
62
-
health
65
60
62
-
total
164
151
156
-
Corporate
-
33
-
-
income
-
7
-
-
total
-
7
-
-
Dividends
-
26
-
-
income
-
6
-
-
withholding
-
4
-
-
total
-
10
-
-
Income
1 050
1 050
1 050
1 050
Total tax
542
542
532
455
After tax
508
508
518
595
Living cost
562
562
562
562
Free-cash
-54
-54
-44
33

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
€480
€394
€269
€290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
health
-
-
-
142
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
total
-
-
-
539
Employee
356
-
784
-
social contributions
23
-
51
-
health
48
-
106
-
solidarity contribution
-
-
-
-
income
43
-
94
-
total
114
-
251
-
Employer
356
-
784
-
social contributions
89
-
196
-
health
32
-
71
-
total
121
-
267
-
Corporate
573
1 050
-
-
income
109
200
-
-
total
109
200
-
-
Dividends
464
850
-
-
withholding
70
128
-
-
total
70
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
414
328
518
539
After tax
636
722
532
511
Living cost
242
242
242
242
Free-cash
394
480
290
269

Estimated living cost  is €242 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€132
€79
€108
€58
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
6
regional
-
-
-
12
national
-
-
-
226
social contributions
-
-
-
270
total
-
-
-
514
Employee
901
-
1 050
-
social contributions
304
-
354
-
regional
8
-
10
-
municipal
5
-
6
-
national
156
-
194
-
total
473
-
564
-
Employer
901
-
1 050
-
total
-
-
-
-
Corporate
149
1 050
-
-
nationa
36
252
-
-
municipal
6
41
-
-
total
42
293
-
-
Dividends
108
757
-
-
withholding
28
197
-
-
total
28
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
543
490
564
514
After tax
507
560
486
536
Living cost
428
428
428
428
Free-cash
79
132
58
108

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€436
€404
€312
€292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
202
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
75
surtax
-
-
-
25
total
-
-
-
514
Employee
335
-
867
-
other
-
-
-
-
health
9
-
22
-
surtax
1
-
23
-
income
56
-
188
-
pensions
22
-
58
-
unemployment
23
-
60
-
total
111
-
351
-
Employer
335
-
867
-
other
-
-
-
-
unemployment
11
-
28
-
pensions
45
-
116
-
health
15
-
39
-
total
71
-
183
-
Corporate
644
1 050
-
-
income
168
273
-
-
total
168
273
-
-
Dividends
477
777
-
-
withholding
72
117
-
-
total
72
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
422
390
534
514
After tax
628
660
516
536
Living cost
224
224
224
224
Free-cash
404
436
292
312

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€302
€241
€286
€191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
221
pensions
-
-
-
77
total
-
-
-
298
Employee
647
-
924
-
health
9
-
15
-
income
117
-
164
-
pensions
55
-
88
-
total
181
-
267
-
Employer
647
-
924
-
pensions
70
-
108
-
health
12
-
18
-
total
82
-
126
-
Corporate
321
1 050
-
-
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.

61
199
-
-
total
61
199
-
-
Dividends
260
851
-
-
withholding
19
83
-
-
total
19
83
-
-
Income
1 050
1 050
1 050
1 050
Total tax
343
282
393
298
After tax
707
768
657
752
Living cost
466
466
466
466
Free-cash
241
302
191
286

Estimated living cost  is €466 per week

€349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
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
-€294
€38
€100
€49
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
city
-
-
-
11
pensions
-
-
-
97
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.

-
-
-
21
regional
-
-
-
37
health
-
-
-
3
national
-
-
-
7
total
-
-
-
176
Employee
906
-
940
-
city
10
-
10
-
regional
30
-
31
-
health
2
-
2
-
pensions
76
-
79
-
unemployment
-
-
-
-
national
4
-
5
-
total
122
-
127
-
Employer
906
-
940
-
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.

18
-
19
-
unemployment
-
-
-
-
pensions
76
-
79
-
health
2
-
2
-
total
96
-
100
-
Corporate
38
1 050
-
-
regional
8
222
-
-
national
3
89
-
-
total
11
311
-
-
Dividends
27
739
-
-
withholding
9
259
-
-
total
9
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
238
570
227
176
After tax
812
480
823
874
Living cost
774
774
774
774
Free-cash
38
-294
49
100

Estimated living cost  is €774 per week

€503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
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.
€192
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
€56
€219
€180
€279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
99
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.

-
-
-
226
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
surtax

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

-
-
-
12
total
-
-
-
406
Employee

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

609
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

4
-
12
-
income

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

72
-
226
-
total
145
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
441
1 050
-
-
surtax

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

4
9
-
-
income
66
158
-
-
trade
76
180
-
-
chamber of commerce
2
3
-
-
total
148
350
-
-
Dividends
293
701
-
-
surtax

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

4
9
-
-
withholding
70
171
-
-
total
74
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
367
530
307
406
After tax
683
520
743
644
Living cost
464
464
464
464
Free-cash
219
56
279
180

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
€182
€242
€257
€310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
105
pensions
-
-
-
257
other
-
-
-
33
health
-
-
-
21
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
446
Employee
434
-
851
-
social contributions
12
-
24
-
surtax
-
-
-
-
income
26
-
128
-
pensions
49
-
42
-
total
87
-
194
-
Employer
434
-
851
-
other
15
-
29
-
social contributions
1
-
3
-
unemployment
18
-
34
-
pensions
71
-
73
-
health
30
-
60
-
total
135
-
199
-
Corporate
481
1 050
-
-
surtax
-
-
-
-
income
135
294
-
-
total
135
294
-
-
Dividends
346
756
-
-
surtax
-
-
-
-
social contributions
60
130
-
-
withholding
44
97
-
-
total
104
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
461
521
393
446
After tax
589
529
657
604
Living cost
347
347
347
347
Free-cash
242
182
310
257

Estimated living cost  is €347 per week

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

Source of data for Nice model

Close
Marseille , France
€217
€273
€292
€345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
105
pensions
-
-
-
257
other
-
-
-
33
health
-
-
-
21
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
446
Employee
387
-
851
-
social contributions
11
-
24
-
surtax
-
-
-
-
income
20
-
128
-
pensions
44
-
42
-
total
75
-
194
-
Employer
387
-
851
-
other
13
-
29
-
social contributions
1
-
3
-
unemployment
16
-
34
-
pensions
64
-
73
-
health
27
-
60
-
total
121
-
199
-
Corporate
542
1 050
-
-
surtax
-
-
-
-
income
152
294
-
-
total
152
294
-
-
Dividends
390
756
-
-
surtax
-
-
-
-
social contributions
67
130
-
-
withholding
50
97
-
-
total
117
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
521
393
446
After tax
585
529
657
604
Living cost
312
312
312
312
Free-cash
273
217
345
292

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€425
€431
€459
€459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
158
health
-
-
-
73
social contributions
-
-
-
145
total
-
-
-
376
Employee
344
-
1 050
-
social contributions
47
-
145
-
health
24
-
73
-
income
57
-
158
-
total
128
-
376
-
Employer
344
-
1 050
-
total
-
-
-
-
Corporate
706
1 050
-
-
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%.

35
52
-
-
total
35
52
-
-
Dividends
671
998
-
-
health
47
70
-
-
social contributions
93
138
-
-
withholding
101
150
-
-
total
241
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
410
376
376
After tax
646
640
674
674
Living cost
215
215
215
215
Free-cash
431
425
459
459

Estimated living cost  is €215 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
€231
€214
€173
-€43
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
chamber of commerce
-
-
-
4
income
-
-
-
178
pensions
-
-
-
194
unemployment
-
-
-
62
health
-
-
-
80
surtax
-
-
-
2
total
-
-
-
520
Employee
506
404
814
-
other
5
4
8
-
health
20
16
32
-
income
58
30
159
-
pensions
52
41
83
-
unemployment
15
12
24
-
total
150
103
306
-
Employer
506
404
814
-
accident
7
5
11
-
other
24
19
39
-
chamber of commerce
2
2
3
-
unemployment
15
12
24
-
surtax
2
2
2
-
pensions
64
51
102
-
payroll
15
12
24
-
health
19
15
31
-
total
148
118
236
-
Corporate
396
528
775
-
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.

99
132
194
-
total
99
132
194
-
Dividends
297
396
-
-
withholding
82
109
-
-
total
82
109
-
-
Income
1 050
1 050
1 050
1 050
Total tax
479
462
736
520
After tax
571
588
314
530
Living cost
357
357
357
357
Free-cash
214
231
-43
173

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
€220
€68
€120
€38
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
national
-
-
-
342
communal

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

-
-
-
53
social contributions
-
-
-
166
total
-
-
-
561
Employee

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

725
-
813
-
communal

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

38
-
42
-
health

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

34
-
38
-
pensions

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

54
-
61
-
unemployment

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

6
-
7
-
national
223
-
257
-
total
355
-
405
-
Employer

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

725
-
813
-
accident

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

9
-
11
-
unemployment

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

11
-
12
-
surtax
82
-
92
-
pensions

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

64
-
72
-
health

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

45
-
50
-
total
211
-
237
-
Corporate
114
1 050
-
-
surtax
-
4
-
-
income
23
210
-
-
total
23
214
-
-
Dividends
91
836
-
-
withholding

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

24
247
-
-
total
24
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
613
461
642
561
After tax
437
589
408
489
Living cost
370
370
370
370
Free-cash
68
220
38
120

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
€341
€261
€200
€187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
8
income
-
-
-
202
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
484
Employee
504
-
796
-
other
-
-
1
-
income
106
-
193
-
pensions
24
-
37
-
unemployment
8
-
12
-
total
138
-
243
-
Employer
504
-
796
-
accident
10
-
16
-
other
4
-
6
-
unemployment
28
-
44
-
pensions
119
-
188
-
total
161
-
254
-
Corporate
385
1 050
-
-
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.

58
158
-
-
total
58
158
-
-
Dividends
327
892
-
-
withholding
66
185
-
-
total
66
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
423
343
497
484
After tax
627
707
553
566
Living cost
366
366
366
366
Free-cash
261
341
187
200

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€89
€21
€46
€92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
95
pensions
-
-
-
157
health
-
-
-
74
surtax
-
-
-
52
communal
-
-
-
66
total
-
-
-
453
Employee
767
-
938
-
health
34
-
42
-
surtax
47
-
57
-
income
74
-
121
-
pensions
61
-
75
-
total
216
-
295
-
Employer
767
-
938
-
accident
7
-
8
-
pensions
61
-
75
-
health
23
-
29
-
total
91
-
112
-
Corporate
191
1 050
-
-
surtax
2
11
-
-
communal
-
71
-
-
income
29
158
-
-
total
31
240
-
-
Dividends
160
811
-
-
income
116
48
-
-
withholding
24
122
-
-
total
140
170
-
-
Income
1 050
1 050
1 050
1 050
Total tax
478
410
407
453
After tax
572
640
643
597
Living cost
551
551
551
551
Free-cash
21
89
92
46

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€432
€398
€308
€288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
202
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
75
surtax
-
-
-
25
total
-
-
-
514
Employee
341
-
867
-
other
-
-
-
-
health
9
-
22
-
surtax
1
-
23
-
income
57
-
188
-
pensions
23
-
58
-
unemployment
24
-
60
-
total
114
-
351
-
Employer
341
-
867
-
other
-
-
-
-
unemployment
11
-
28
-
pensions
46
-
116
-
health
16
-
39
-
total
73
-
183
-
Corporate
637
1 050
-
-
income
166
273
-
-
total
166
273
-
-
Dividends
471
777
-
-
withholding
71
117
-
-
total
71
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
424
390
534
514
After tax
626
660
516
536
Living cost
228
228
228
228
Free-cash
398
432
288
308

Estimated living cost  is €228 per week

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

Source of data for Athens model

Close
Naples , Italy
€279
€256
€259
€209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
6
regional
-
-
-
16
national
-
-
-
226
social contributions
-
-
-
270
total
-
-
-
518
Employee
562
-
1 050
-
social contributions
190
-
354
-
regional
8
-
14
-
municipal
3
-
6
-
national
89
-
194
-
total
290
-
568
-
Employer
562
-
1 050
-
total
-
-
-
-
Corporate
488
1 050
-
-
nationa
117
252
-
-
municipal
24
52
-
-
total
141
304
-
-
Dividends
347
746
-
-
withholding
90
194
-
-
total
90
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
521
498
568
518
After tax
529
552
482
532
Living cost
273
273
273
273
Free-cash
256
279
209
259

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
€424
€318
€213
€234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
90
health
-
-
-
142
solidarity contribution
-
-
-
-
social contributions
-
-
-
307
total
-
-
-
539
Employee
439
-
784
-
social contributions
29
-
51
-
health
59
-
106
-
solidarity contribution
-
-
-
-
income
53
-
94
-
total
141
-
251
-
Employer
439
-
784
-
social contributions
110
-
196
-
health
39
-
71
-
total
149
-
267
-
Corporate
462
1 050
-
-
income
88
200
-
-
total
88
200
-
-
Dividends
374
850
-
-
withholding
56
128
-
-
total
56
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
434
328
518
539
After tax
616
722
532
511
Living cost
298
298
298
298
Free-cash
318
424
234
213

Estimated living cost  is €298 per week

€222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
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
€267
€262
€209
-€7
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
chamber of commerce
-
-
-
4
income
-
-
-
178
pensions
-
-
-
194
unemployment
-
-
-
62
health
-
-
-
80
surtax
-
-
-
-
total
-
-
-
518
Employee
443
404
815
-
other
4
4
8
-
health
17
16
32
-
income
39
30
159
-
pensions
45
41
83
-
unemployment
13
12
24
-
total
118
103
306
-
Employer
443
404
815
-
accident
6
5
11
-
other
21
19
39
-
chamber of commerce
2
2
3
-
unemployment
13
12
24
-
surtax
-
-
-
-
pensions
56
51
102
-
payroll
13
12
24
-
health
17
15
31
-
total
128
116
234
-
Corporate
480
530
777
-
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.

120
132
194
-
total
120
132
194
-
Dividends
360
397
-
-
withholding
99
109
-
-
total
99
109
-
-
Income
1 050
1 050
1 050
1 050
Total tax
465
460
734
518
After tax
585
590
316
532
Living cost
323
323
323
323
Free-cash
262
267
-7
209

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
€854
€826
€895
€696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
1 050
microenterprise

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

-
-
-
11
total
-
-
-
11
Employee
180
-
1 050
-
income
36
-
210
-
total
36
-
210
-
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%.

870
1 050
-
-
total
-
-
-
-
Dividends
870
1 050
-
-
withholding
44
52
-
-
total
44
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
80
52
210
11
After tax
970
998
840
1 039
Living cost
144
144
144
144
Free-cash
826
854
696
895

Estimated living cost  is €144 per week

€97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
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
€450
€366
€269
€240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 050
income
-
-
-
212
pensions
-
-
-
192
unemployment
-
-
-
2
health
-
-
-
103
total
-
-
-
509
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
909
-
health
29
-
59
-
income
77
-
196
-
pensions
69
-
141
-
unemployment
1
-
1
-
total
176
-
397
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
909
-
unemployment
-
-
1
-
pensions
40
-
80
-
health
30
-
60
-
total
70
-
141
-
Corporate
532
1 050
-
-
income
101
200
-
-
total
101
200
-
-
Dividends
431
850
-
-
withholding
65
128
-
-
total
65
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
412
328
538
509
After tax
638
722
512
541
Living cost
272
272
272
272
Free-cash
366
450
240
269

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
€201
-€462
€287
€479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
205
social contributions
-
-
-
120
total
-
-
-
325
Employee
628
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
628
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 074
411
133
325
After tax
-24
639
917
725
Living cost
438
438
438
438
Free-cash
-462
201
479
287

Estimated living cost  is €438 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€280
€269
€267
€212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
income
-
-
-
100
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
465
Employee
466
-
848
-
social contributions
51
-
93
-
surtax
-
-
-
-
income
97
-
225
-
total
148
-
318
-
Employer
466
-
848
-
social contributions
111
-
202
-
total
111
-
202
-
Corporate
473
1 050
-
-
surtax
-
-
-
-
income
99
220
-
-
total
99
220
-
-
Dividends
374
830
-
-
withholding
105
232
-
-
total
105
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
463
452
520
465
After tax
587
598
530
585
Living cost
318
318
318
318
Free-cash
269
280
212
267

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
€40
€110
€115
€168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
105
pensions
-
-
-
257
other
-
-
-
33
health
-
-
-
21
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
446
Employee
635
-
851
-
social contributions
18
-
24
-
surtax
-
-
-
-
income
55
-
128
-
pensions
72
-
42
-
total
145
-
194
-
Employer
635
-
851
-
other
22
-
29
-
social contributions
2
-
3
-
unemployment
26
-
34
-
pensions
104
-
73
-
health
44
-
60
-
total
198
-
199
-
Corporate
217
1 050
-
-
surtax
-
-
-
-
income
61
294
-
-
total
61
294
-
-
Dividends
156
756
-
-
surtax
-
-
-
-
social contributions
27
130
-
-
withholding
20
97
-
-
total
47
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
451
521
393
446
After tax
599
529
657
604
Living cost
489
489
489
489
Free-cash
110
40
168
115

Estimated living cost  is €489 per week

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

Source of data for Paris model

Close
Andorra , Andorra
€640
€607
€494
€522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
20
social contributions
-
-
-
231
total
-
-
-
251
Employee
326
-
909
-
income
-
-
23
-
social contributions
21
-
59
-
total
21
-
82
-
Employer
326
-
909
-
social contributions
50
-
141
-
total
50
-
141
-
Corporate
674
1 050
-
-
income
67
105
-
-
total
67
105
-
-
Dividends
606
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
138
105
223
251
After tax
912
945
827
799
Living cost
305
305
305
305
Free-cash
607
640
522
494

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-€1159
-€1159
€161
-€1159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
197
pensions
-
-
-
9
national
-
-
-
112
labour market
-
-
-
83
total
-
-
-
401
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 721
1 721
1 721
401
After tax
-671
-671
-671
649
Living cost
488
488
488
488
Free-cash
-1 159
-1 159
-1 159
161

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-€133
€52
€501
€327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
260
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
331
Employee
343
-
902
-
health
39
-
103
-
income
47
-
177
-
pensions
39
-
77
-
total
125
-
357
-
Employer
343
-
902
-
accident
6
-
15
-
unemployment
8
-
22
-
pensions
56
-
111
-
total
70
-
148
-
Corporate
637
1 050
-
-
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.

573
945
-
-
total
573
945
-
-
Dividends
64
105
-
-
withholding
12
20
-
-
total
12
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
780
965
505
331
After tax
270
85
545
719
Living cost
218
218
218
218
Free-cash
52
-133
327
501

Estimated living cost  is €218 per week

€159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
€307
€289
€352
€207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
municipal
-
-
-
187
health
-
-
-
12
national
-
-
-
110
total
-
-
-
309
Employee
533
-
883
-
health
4
-
9
-
municipal
87
-
144
-
pensions
36
-
60
-
unemployment
8
-
13
-
national
9
-
61
-
total
144
-
287
-
Employer
533
-
883
-
accident
1
-
1
-
unemployment
3
-
6
-
pensions
92
-
153
-
health
4
-
7
-
total
100
-
167
-
Corporate
416
1 050
-
-
income
83
210
-
-
total
83
210
-
-
Dividends

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

250
630
-
-
national
-
31
-
-
municipal
45
113
-
-
total
45
144
-
-
Income
1 050
1 050
1 050
1 050
Total tax
372
354
454
309
After tax
678
696
596
741
Living cost
389
389
389
389
Free-cash
289
307
207
352

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€534
€479
€504
€504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
120
health
-
-
-
27
social contributions
-
-
-
164
total
-
-
-
311
Employee
779
779
953
-
social contributions
29
65
79
-
health
6
13
16
-
income
85
72
119
-
total
120
150
214
-
Employer
779
779
953
-
social contributions
29
65
79
-
health
7
14
18
-
total
36
79
97
-
Corporate
659
192
-
-
income
82
24
-
-
total
82
24
-
-
Dividends
577
168
-
-
withholding
98
28
-
-
total
98
28
-
-
Income
1 050
1 050
1 050
1 050
Total tax
336
281
311
311
After tax
714
769
739
739
Living cost
235
235
235
235
Free-cash
479
534
504
504

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€709
€657
€687
€486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 050
income
-
-
-
101
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
202
Employee

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

233
-
952
-
health
20
-
81
-
income
16
-
76
-
pensions
35
-
143
-
unemployment
1
-
5
-
total
72
-
305
-
Employer

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

233
-
952
-
unemployment
1
-
5
-
pensions
13
-
52
-
health
10
-
41
-
total
24
-
98
-
Corporate
793
1 050
-
-
income
71
94
-
-
total
71
94
-
-
Dividends
722
956
-
-
withholding
65
86
-
-
total
65
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
232
180
403
202
After tax
818
870
647
848
Living cost
161
161
161
161
Free-cash
657
709
486
687

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
€428
€376
€287
€274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
8
income
-
-
-
202
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
484
Employee
375
-
796
-
other
-
-
1
-
income
72
-
193
-
pensions
18
-
37
-
unemployment
6
-
12
-
total
96
-
243
-
Employer
375
-
796
-
accident
7
-
16
-
other
3
-
6
-
unemployment
21
-
44
-
pensions
88
-
188
-
total
119
-
254
-
Corporate
556
1 050
-
-
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.

83
158
-
-
total
83
158
-
-
Dividends
472
892
-
-
withholding
97
185
-
-
total
97
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
395
343
497
484
After tax
655
707
553
566
Living cost
279
279
279
279
Free-cash
376
428
274
287

Estimated living cost  is €279 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
€627
€622
€638
€636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
349
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
384
Employee
42
-
1 027
-
health
2
-
5
-
income
8
-
348
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
363
-
Employer
42
-
1 027
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
998
1 050
-
-
income
220
231
-
-
total
220
231
-
-
Dividends
779
819
-
-
withholding
156
164
-
-
total
156
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
400
395
386
384
After tax
650
655
664
666
Living cost
28
28
28
28
Free-cash
622
627
636
638

Estimated living cost  is €28 per week

€16
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
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.
€8
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
€584
€533
€385
€383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 050
income
-
-
-
207
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
490
Employee

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

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

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

264
-
916
-
health
14
-
39
-
income
36
-
207
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
357
-
Employer

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

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

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

264
-
916
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
739
1 050
-
-
income
111
157
-
-
total
111
157
-
-
Dividends
628
893
-
-
withholding
94
134
-
-
total
94
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
342
291
492
490
After tax
708
759
558
560
Living cost
175
175
175
175
Free-cash
533
584
383
385

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
€325
€321
€312
€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

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

-
-
-
1 050
income
-
-
-
100
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
465
Employee
393
-
848
-
social contributions
43
-
93
-
surtax
-
-
-
-
income
77
-
225
-
total
120
-
318
-
Employer
393
-
848
-
social contributions
93
-
202
-
total
93
-
202
-
Corporate
563
1 050
-
-
surtax
-
-
-
-
income
118
220
-
-
total
118
220
-
-
Dividends
445
830
-
-
withholding
125
232
-
-
total
125
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
452
520
465
After tax
594
598
530
585
Living cost
273
273
273
273
Free-cash
321
325
257
312

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
€351
€273
€210
€197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
8
income
-
-
-
202
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
484
Employee
489
-
796
-
other
-
-
1
-
income
102
-
193
-
pensions
23
-
37
-
unemployment
8
-
12
-
total
133
-
243
-
Employer
489
-
796
-
accident
10
-
16
-
other
4
-
6
-
unemployment
27
-
44
-
pensions
116
-
188
-
total
157
-
254
-
Corporate
405
1 050
-
-
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.

61
158
-
-
total
61
158
-
-
Dividends
344
892
-
-
withholding
70
185
-
-
total
70
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
421
343
497
484
After tax
629
707
553
566
Living cost
356
356
356
356
Free-cash
273
351
197
210

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€724
€662
€625
€658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
157
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
251
Employee
231
-
981
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
98
-
pensions

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

20
-
31
-
total
57
-
149
-
Employer
231
-
981
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
774
1 050
-
-
income
77
105
-
-
total
77
105
-
-
Dividends
696
945
-
-
withholding
35
47
-
-
total
35
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
214
152
218
251
After tax
836
898
832
799
Living cost
174
174
174
174
Free-cash
662
724
658
625

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
€149
€285
€269
€352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
83
income

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

-
-
-
226
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
surtax

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

-
-
-
12
total
-
-
-
390
Employee

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

504
-
1 050
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
surtax

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

2
-
12
-
income

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

41
-
226
-
total
112
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
546
1 050
-
-
surtax

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

4
9
-
-
income
82
158
-
-
trade
78
151
-
-
chamber of commerce
2
3
-
-
total
166
321
-
-
Dividends
379
730
-
-
surtax

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

5
10
-
-
withholding
91
179
-
-
total
96
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
374
510
307
390
After tax
676
540
743
660
Living cost
391
391
391
391
Free-cash
285
149
352
269

Estimated living cost  is €391 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
€158
€180
€127
€127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
252
social contributions
-
-
-
94
total
-
-
-
346
Employee
793
-
1 050
-
income
150
-
252
-
social contributions
66
-
94
-
total
216
-
346
-
Employer
793
-
1 050
-
total
-
-
-
-
Corporate
257
1 050
-
-
income
32
131
-
-
total
32
131
-
-
Dividends
225
919
-
-
withholding
45
184
-
-
total
45
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
293
315
346
346
After tax
757
735
704
704
Living cost
577
577
577
577
Free-cash
180
158
127
127

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
€260
€298
€326
€403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 050
income
-
-
-
288
health

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

-
-
-
68
total
-
-
-
356
Employee
465
-
1 003
-
income
50
-
185
-
social contributions
47
-
47
-
total
97
-
232
-
Employer
465
-
1 003
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
539
1 050
-
-
income
188
368
-
-
total
188
368
-
-
Dividends
350
682
-
-
social contributions
52
54
-
-
total
52
54
-
-
Income
1 050
1 050
1 050
1 050
Total tax
384
422
279
356
After tax
666
628
771
694
Living cost
368
368
368
368
Free-cash
298
260
403
326

Estimated living cost  is €368 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€389
€349
€373
€278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
221
pensions
-
-
-
77
total
-
-
-
298
Employee
520
-
924
-
health
7
-
15
-
income
95
-
164
-
pensions
40
-
88
-
total
142
-
267
-
Employer
520
-
924
-
pensions
53
-
108
-
health
10
-
18
-
total
63
-
126
-
Corporate
467
1 050
-
-
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.

89
199
-
-
total
89
199
-
-
Dividends
379
851
-
-
withholding
28
83
-
-
total
28
83
-
-
Income
1 050
1 050
1 050
1 050
Total tax
322
282
393
298
After tax
728
768
657
752
Living cost
379
379
379
379
Free-cash
349
389
278
373

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-€155
€49
€479
€305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
3
income
-
-
-
260
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
331
Employee
377
-
902
-
health
43
-
103
-
income
52
-
177
-
pensions
42
-
77
-
total
137
-
357
-
Employer
377
-
902
-
accident
6
-
15
-
unemployment
9
-
22
-
pensions
61
-
111
-
total
76
-
148
-
Corporate
596
1 050
-
-
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.

537
945
-
-
total
537
945
-
-
Dividends
60
105
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
761
965
505
331
After tax
289
85
545
719
Living cost
240
240
240
240
Free-cash
49
-155
305
479

Estimated living cost  is €240 per week

€176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
€747
€706
€462
€528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 050
work injury
-
-
-
5
health insurance
-
-
-
78
income
-
-
-
162
pensions
-
-
-
193
unemployment
-
-
-
13
total
-
-
-
451
Employee

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

219
-
1 050
-
work injury
1
-
4
-
income
22
-
162
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
385
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
831
1 050
-
-
income

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

-
10
-
-
total
-
10
-
-
Dividends
831
1 040
-
-
withholding
125
156
-
-
total
125
156
-
-
Income
1 050
1 050
1 050
1 050
Total tax
207
166
385
451
After tax
843
884
665
599
Living cost
137
137
137
137
Free-cash
706
747
528
462

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
€149
€104
€122
€74
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
7
regional
-
-
-
21
national
-
-
-
226
social contributions
-
-
-
270
total
-
-
-
524
Employee
854
-
1 050
-
social contributions
288
-
354
-
regional
13
-
18
-
municipal
5
-
6
-
national
144
-
194
-
total
450
-
572
-
Employer
854
-
1 050
-
total
-
-
-
-
Corporate
196
1 050
-
-
nationa
47
252
-
-
municipal
9
51
-
-
total
56
303
-
-
Dividends
140
747
-
-
withholding
36
194
-
-
total
36
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
542
497
572
524
After tax
508
553
478
526
Living cost
404
404
404
404
Free-cash
104
149
74
122

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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