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

Valencia , Spain
€376
€274
€287
€428
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
unemployment
-
-
-
7
income
-
-
-
202
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
484
Employee
375
-
796
-
unemployment
6
-
12
-
pensions
18
-
37
-
income
72
-
193
-
other
-
-
1
-
total
96
-
243
-
Employer
375
-
796
-
pensions
88
-
188
-
accident
7
-
16
-
unemployment
21
-
44
-
other
3
-
6
-
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
Bratislava , Slovakia
€432
€342
€299
€502
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
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
income
-
-
-
133
other
-
-
-
50
health
-
-
-
46
total
-
-
-
481
Employee
368
-
839
-
health
5
-
12
-
unemployment
4
-
8
-
pensions

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

26
-
59
-
income
63
-
147
-
total
98
-
226
-
Employer
368
-
839
-
health
5
-
12
-
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
-
accident
3
-
7
-
unemployment
4
-
8
-
other
18
-
42
-
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
Varna , Bulgaria
€718
€699
€665
€765
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
158
health
-
-
-
41
total
-
-
-
252
Employee
176
-
981
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
98
-
total
43
-
149
-
Employer
176
-
981
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
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
252
After tax
851
898
832
798
Living cost
133
133
133
133
Free-cash
718
765
699
665

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
€242
€310
€257
€182
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
other
-
-
-
33
health
-
-
-
21
social contributions
-
-
-
30
pensions
-
-
-
257
surtax
-
-
-
-
total
-
-
-
446
Employee
434
-
851
-
pensions
49
-
42
-
income
26
-
128
-
social contributions
12
-
24
-
surtax
-
-
-
-
total
87
-
194
-
Employer
434
-
851
-
health
30
-
60
-
social contributions
1
-
3
-
pensions
71
-
73
-
unemployment
18
-
34
-
other
15
-
29
-
total
135
-
199
-
Corporate
481
1 050
-
-
income
135
294
-
-
surtax
-
-
-
-
total
135
294
-
-
Dividends
346
756
-
-
social contributions
60
130
-
-
surtax
-
-
-
-
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
Rotterdam , Netherlands
€22
€93
€170
€83
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
pensions
-
-
-
119
income
-
-
-
212
health
-
-
-
124
total
-
-
-
455
Employee
865
865
894
-
health
133
113
115
-
pensions
156
119
119
-
income

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

142
142
142
-
total
431
374
376
-
Employer
865
865
894
-
health
60
60
62
-
pensions
60
60
62
-
unemployment
31
31
32
-
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
Dresden , Germany
€337
€436
€345
€223
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
-
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
-
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
-
total
81
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
662
1 050
-
-
income
99
158
-
-
trade
104
165
-
-
surtax

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

5
9
-
-
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.

Larnaca , Cyprus
€479
€504
€504
€534
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
-
health
6
13
16
-
income
85
72
119
-
social contributions
29
65
79
-
total
120
150
214
-
Employer
779
779
953
-
health
7
14
18
-
social contributions
29
65
79
-
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
Lisbon , Portugal
€269
€212
€267
€280
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
social contributions

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

-
-
-
365
surtax
-
-
-
-
total
-
-
-
465
Employee
466
-
848
-
income
97
-
225
-
social contributions
51
-
93
-
surtax
-
-
-
-
total
148
-
318
-
Employer
466
-
848
-
social contributions
111
-
202
-
total
111
-
202
-
Corporate
473
1 050
-
-
income
99
220
-
-
surtax
-
-
-
-
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
Batumi , Georgia
€903
€761
€960
€918
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
98
-
1 050
-
income
20
-
210
-
total
20
-
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%.

952
1 050
-
-
total
-
-
-
-
Dividends
952
1 050
-
-
withholding
48
53
-
-
total
48
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
68
53
210
11
After tax
982
997
840
1 039
Living cost
79
79
79
79
Free-cash
903
918
761
960

Estimated living cost  is €79 per week

€49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Ljubljana , Slovenia
€366
€240
€269
€450
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
pensions
-
-
-
192
unemployment
-
-
-
2
income
-
-
-
212
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
-
unemployment
1
-
1
-
pensions
69
-
141
-
income
77
-
196
-
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
-
health
30
-
60
-
pensions
40
-
80
-
unemployment
-
-
1
-
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
Sliema , Malta
€298
€403
€330
€260
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.

-
-
-
64
total
-
-
-
352
Employee
465
-
1 003
-
social contributions
47
-
47
-
income
50
-
185
-
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
352
After tax
666
628
771
698
Living cost
368
368
368
368
Free-cash
298
260
403
330

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€431
€459
€459
€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
-
-
-
158
health
-
-
-
73
social contributions
-
-
-
145
total
-
-
-
376
Employee
344
-
1 050
-
health
24
-
73
-
income
57
-
158
-
social contributions
47
-
145
-
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
-
-
social contributions
93
138
-
-
withholding
101
150
-
-
health
47
70
-
-
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
Prague , Czech Republic
€338
€248
€227
€438
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
social contributions
-
-
-
307
solidarity contribution
-
-
-
-
total
-
-
-
539
Employee
417
-
784
-
health
56
-
106
-
solidarity contribution
-
-
-
-
income
50
-
94
-
social contributions
27
-
51
-
total
133
-
251
-
Employer
417
-
784
-
health
38
-
71
-
social contributions
104
-
196
-
total
142
-
267
-
Corporate
491
1 050
-
-
income
93
200
-
-
total
93
200
-
-
Dividends
398
850
-
-
withholding
60
128
-
-
total
60
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
428
328
518
539
After tax
622
722
532
511
Living cost
284
284
284
284
Free-cash
338
438
248
227

Estimated living cost  is €284 per week

€211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€852
€718
€917
€875
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
153
-
1 050
-
income
31
-
210
-
total
31
-
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%.

897
1 050
-
-
total
-
-
-
-
Dividends
897
1 050
-
-
withholding
45
53
-
-
total
45
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
76
53
210
11
After tax
974
997
840
1 039
Living cost
122
122
122
122
Free-cash
852
875
718
917

Estimated living cost  is €122 per week

€83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Paris , France
€110
€168
€115
€40
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
other
-
-
-
33
health
-
-
-
21
social contributions
-
-
-
30
pensions
-
-
-
257
surtax
-
-
-
-
total
-
-
-
446
Employee
635
-
851
-
pensions
72
-
42
-
income
55
-
128
-
social contributions
18
-
24
-
surtax
-
-
-
-
total
145
-
194
-
Employer
635
-
851
-
health
44
-
60
-
social contributions
2
-
3
-
pensions
104
-
73
-
unemployment
26
-
34
-
other
22
-
29
-
total
198
-
199
-
Corporate
217
1 050
-
-
income
61
294
-
-
surtax
-
-
-
-
total
61
294
-
-
Dividends
156
756
-
-
social contributions
27
130
-
-
surtax
-
-
-
-
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
Belgrade , Serbia
€533
€385
€386
€583
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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
207
health
-
-
-
77
total
-
-
-
489
Employee

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

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

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

263
-
916
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
207
-
total
89
-
356
-
Employer

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

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

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

263
-
916
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
739
1 050
-
-
income
111
158
-
-
total
111
158
-
-
Dividends
628
892
-
-
withholding
94
134
-
-
total
94
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
342
292
490
489
After tax
708
758
560
561
Living cost
175
175
175
175
Free-cash
533
583
385
386

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
Zurich , Switzerland
€84
€129
€181
-€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
pensions
-
-
-
97
city
-
-
-
11
other

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

-
-
-
21
health
-
-
-
2
regional
-
-
-
40
national
-
-
-
9
total
-
-
-
180
Employee
806
-
940
-
health
2
-
2
-
unemployment
-
-
-
-
city
9
-
10
-
pensions
68
-
79
-
regional
26
-
34
-
national
4
-
7
-
total
109
-
132
-
Employer
806
-
940
-
health
2
-
2
-
pensions
68
-
79
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

16
-
19
-
total
86
-
100
-
Corporate
149
1 050
-
-
regional
32
222
-
-
national
13
89
-
-
total
45
311
-
-
Dividends
105
739
-
-
withholding
37
259
-
-
total
37
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
277
570
232
180
After tax
773
480
818
870
Living cost
689
689
689
689
Free-cash
84
-209
129
181

Estimated living cost  is €689 per week

€448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Helsinki , Finland
€289
€207
€352
€307
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
-
unemployment
8
-
13
-
pensions
36
-
60
-
national
9
-
61
-
municipal
87
-
144
-
total
144
-
287
-
Employer
533
-
883
-
health
4
-
7
-
pensions
92
-
153
-
accident
1
-
1
-
unemployment
3
-
6
-
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
-
-
municipal
45
113
-
-
national
-
31
-
-
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.

Brussels , Belgium
€68
€38
€120
€220
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
communal

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

-
-
-
53
social contributions
-
-
-
166
national
-
-
-
342
total
-
-
-
561
Employee

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

725
-
813
-
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
-
communal

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

38
-
42
-
unemployment

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

6
-
7
-
pensions

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

54
-
61
-
national
223
-
257
-
total
355
-
405
-
Employer

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

725
-
813
-
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
-
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
-
surtax
82
-
92
-
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
-
total
211
-
237
-
Corporate
114
1 050
-
-
income
23
210
-
-
surtax
-
4
-
-
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
Stockholm , Sweden
€122
€121
€101
€133
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
unemployment
-
-
-
1
municipal
-
-
-
230
other
-
-
-
112
health
-
-
-
60
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
104
total
-
-
-
509
Employee
627
-
799
-
national
-
-
-
-
municipal
187
-
238
-
total
187
-
238
-
Employer
627
-
799
-
health
39
-
49
-
pensions
68
-
86
-
accident
1
-
2
-
unemployment
17
-
21
-
other
73
-
93
-
total
198
-
251
-
Corporate
226
1 050
-
-
income
50
231
-
-
total
50
231
-
-
Dividends
177
819
-
-
withholding
53
246
-
-
total
53
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
488
477
489
509
After tax
562
573
561
541
Living cost
440
440
440
440
Free-cash
122
133
121
101

Estimated living cost  is €440 per week

€291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-€643
€411
€235
€149
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
702
-
-
-
income
155
-
-
-
social contributions
58
-
8
-
total
213
-
8
-
Employer
702
-
-
-
social contributions
990
-
141
-
total
990
-
141
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 203
411
149
325
After tax
-153
639
901
725
Living cost
490
490
490
490
Free-cash
-643
149
411
235

Estimated living cost  is €490 per week

€318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
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.
€120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€398
€410
€410
€440
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
-
health
8
13
16
-
income
82
72
119
-
social contributions
38
65
79
-
total
128
150
214
-
Employer
779
779
953
-
health
8
14
18
-
social contributions
38
65
79
-
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
Edinburgh , United Kingdom
€368
€289
€383
€396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
228
pensions
-
-
-
75
total
-
-
-
303
Employee
499
-
923
-
health
7
-
15
-
pensions
38
-
89
-
income
91
-
166
-
total
136
-
270
-
Employer
499
-
923
-
health
9
-
18
-
pensions
50
-
109
-
total
59
-
127
-
Corporate
491
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.

93
200
-
-
total
93
200
-
-
Dividends
397
850
-
-
withholding
30
90
-
-
total
30
90
-
-
Income
1 050
1 050
1 050
1 050
Total tax
318
290
397
303
After tax
732
760
653
747
Living cost
364
364
364
364
Free-cash
368
396
289
383

Estimated living cost  is €364 per week

€250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Rome , Italy
€104
€74
€122
€149
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
social contributions
-
-
-
270
national
-
-
-
226
total
-
-
-
524
Employee
854
-
1 050
-
social contributions
288
-
354
-
regional
13
-
18
-
national
144
-
194
-
municipal
5
-
6
-
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
Gdansk , Poland
€53
€331
€505
-€131
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
pensions
-
-
-
41
income
-
-
-
261
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
329
Employee
340
-
904
-
health
39
-
104
-
pensions
38
-
75
-
income
47
-
179
-
total
124
-
358
-
Employer
340
-
904
-
pensions
55
-
108
-
accident
6
-
15
-
unemployment
8
-
22
-
total
69
-
145
-
Corporate
640
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.

576
945
-
-
total
576
945
-
-
Dividends
64
105
-
-
withholding
12
20
-
-
total
12
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
781
965
503
329
After tax
269
85
547
721
Living cost
216
216
216
216
Free-cash
53
-131
331
505

Estimated living cost  is €216 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.
€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.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€285
€352
€269
€149
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
-
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
-
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
-
total
112
-
307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
546
1 050
-
-
income
82
158
-
-
trade
78
151
-
-
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
-
-
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.

Riga , Latvia
€545
€380
€349
€629
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
income
-
-
-
152
microenterprise
-
-
-
-
social contributions

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

-
-
-
338
surtax
-
-
-
-
total
-
-
-
490
Employee
296
-
846
-
income
53
-
162
-
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
-
-
-
-
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
Istanbul , Turkey
€509
€473
€482
€529
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
-
-
-
283
health
-
-
-
67
pensions
-
-
-
92
total
-
-
-
442
Employee
192
-
947
-
health
10
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
278
-
total
66
-
347
-
Employer
192
-
947
-
health
18
-
44
-
pensions
21
-
51
-
unemployment
4
-
9
-
total
43
-
104
-
Corporate
815
1 050
-
-
income
179
231
-
-
total
179
231
-
-
Dividends
636
819
-
-
withholding
127
164
-
-
total
127
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
415
395
451
442
After tax
635
655
599
608
Living cost
126
126
126
126
Free-cash
509
529
473
482

Estimated living cost  is €126 per week

€75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
€398
€288
€308
€432
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
pensions
-
-
-
210
unemployment
-
-
-
2
income
-
-
-
202
other
-
-
-
-
health
-
-
-
75
surtax
-
-
-
25
total
-
-
-
514
Employee
341
-
867
-
health
9
-
22
-
unemployment
24
-
60
-
pensions
23
-
58
-
income
57
-
188
-
other
-
-
-
-
surtax
1
-
23
-
total
114
-
351
-
Employer
341
-
867
-
health
16
-
39
-
pensions
46
-
116
-
unemployment
11
-
28
-
other
-
-
-
-
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
Graz , Austria
€262
-€7
€209
€267
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
pensions
-
-
-
194
chamber of commerce
-
-
-
4
unemployment
-
-
-
62
income
-
-
-
178
health
-
-
-
80
surtax
-
-
-
-
total
-
-
-
518
Employee
443
404
815
-
health
17
16
32
-
unemployment
13
12
24
-
pensions
45
41
83
-
income
39
30
159
-
other
4
4
8
-
total
118
103
306
-
Employer
443
404
815
-
health
17
15
31
-
pensions
56
51
102
-
surtax
-
-
-
-
accident
6
5
11
-
unemployment
13
12