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
€ 1100
per

Your estimated
City
free-cash

Dresden , Germany
€249
€361
€365
€464
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.

-
-
-
1 100
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.

-
-
-
246
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.

-
-
-
14
total
-
-
-
428
Employee

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

388
-
1 100
-
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
-
14
-
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
-
246
-
total
81
-
329
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
712
1 100
-
-
surtax

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

6
9
-
-
income
107
165
-
-
trade
112
173
-
-
chamber of commerce
3
3
-
-
total
228
350
-
-
Dividends
485
750
-
-
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
117
184
-
-
total
123
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
432
544
329
428
After tax
668
556
771
672
Living cost
307
307
307
307
Free-cash
361
249
464
365

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
€174
€165
€149
€158
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
-
-
-
1 100
municipal
-
-
-
116
pensions
-
-
-
132
national
-
-
-
179
social contributions
-
-
-
12
total
-
-
-
439
Employee
794
-
951
-
municipal
98
-
120
-
pensions
32
-
38
-
national
152
-
186
-
total
282
-
344
-
Employer
794
-
951
-
social contributions
9
-
10
-
pensions
64
-
76
-
total
73
-
86
-
Corporate
182
1 100
-
-
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%.

36
220
-
-
total
36
220
-
-
Dividends
145
880
-
-
withholding
32
194
-
-
total
32
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
423
414
430
439
After tax
677
686
670
661
Living cost
512
512
512
512
Free-cash
165
174
158
149

Estimated living cost  is €512 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
€669
€585
€375
€407
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.

-
-
-
1 100
microenterprise
-
-
-
-
income
-
-
-
160
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.

-
-
-
354
total
-
-
-
514
Employee
296
-
886
-
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
-
98
-
surtax
-
-
-
-
income
53
-
170
-
total
86
-
268
-
Employer
296
-
886
-
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
-
214
-
surtax
-
-
-
-
total
71
-
214
-
Corporate
733
1 100
-
-
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%.

147
220
-
-
total
147
220
-
-
Dividends

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

586
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
304
220
482
514
After tax
796
880
618
586
Living cost
211
211
211
211
Free-cash
585
669
407
375

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
€109
€47
€200
€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
-
-
-
1 100
income
-
-
-
231
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
475
Employee
865
865
936
-
health
133
113
117
-
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
378
-
Employer
865
865
936
-
unemployment
31
31
34
-
pensions
60
60
65
-
health
60
60
65
-
total
151
151
164
-
Corporate
94
83
-
-
income
19
17
-
-
total
19
17
-
-
Dividends
75
66
-
-
income
16
14
-
-
withholding
11
10
-
-
total
27
24
-
-
Income
1 100
1 100
1 100
1 100
Total tax
628
566
542
475
After tax
472
534
558
625
Living cost
425
425
425
425
Free-cash
47
109
133
200

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
€209
€200
€196
€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
-
-
-
1 100
municipal
-
-
-
254
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
8
total
-
-
-
512
Employee
558
-
837
-
municipal
166
-
250
-
national
-
-
5
-
total
166
-
255
-
Employer
558
-
837
-
accident
1
-
2
-
other
65
-
97
-
unemployment
15
-
22
-
pensions
60
-
90
-
health
34
-
51
-
total
175
-
262
-
Corporate
367
1 100
-
-
income
81
242
-
-
total
81
242
-
-
Dividends
286
858
-
-
withholding
86
257
-
-
total
86
257
-
-
Income
1 100
1 100
1 100
1 100
Total tax
508
499
517
512
After tax
592
601
583
588
Living cost
392
392
392
392
Free-cash
200
209
191
196

Estimated living cost  is €392 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.
€88
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
€152
€296
€270
€373
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.

-
-
-
1 100
trade
-
-
-
103
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.

-
-
-
246
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.

-
-
-
14
total
-
-
-
432
Employee

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

514
-
1 100
-
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
-
14
-
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
-
246
-
total
115
-
329
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
586
1 100
-
-
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
88
165
-
-
trade
96
181
-
-
chamber of commerce
2
3
-
-
total
191
358
-
-
Dividends
395
742
-
-
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
95
182
-
-
total
100
192
-
-
Income
1 100
1 100
1 100
1 100
Total tax
406
550
329
432
After tax
694
550
771
668
Living cost
398
398
398
398
Free-cash
296
152
373
270

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
€476
€433
€445
€439
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
-
-
-
1 100
income
-
-
-
134
health
-
-
-
28
social contributions
-
-
-
164
total
-
-
-
326
Employee
779
779
999
-
social contributions
38
65
83
-
health
8
13
17
-
income
82
72
131
-
total
128
150
231
-
Employer
779
779
999
-
social contributions
38
65
83
-
health
8
14
18
-
total
46
79
101
-
Corporate
598
242
-
-
income
75
30
-
-
total
75
30
-
-
Dividends
523
211
-
-
withholding
89
36
-
-
total
89
36
-
-
Income
1 100
1 100
1 100
1 100
Total tax
338
295
332
326
After tax
762
805
768
774
Living cost
329
329
329
329
Free-cash
433
476
439
445

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
€434
€439
€578
€454
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
-
-
-
1 100
income
-
-
-
134
pensions
-
-
-
110
unemployment
-
-
-
17
health
-
-
-
77
total
-
-
-
338
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.

266
106
921
-
health
19
7
64
-
income
32
13
113
-
pensions
27
11
92
-
unemployment
4
2
14
-
total
82
33
283
-
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.

266
106
921
-
pensions
52
21
179
-
total
52
21
179
-
Corporate
782
974
-
-
income
70
88
-
-
total
70
88
-
-
Dividends
712
886
-
-
social contributions
138
172
-
-
withholding
135
168
-
-
total
273
340
-
-
Income
1 100
1 100
1 100
1 100
Total tax
477
482
462
338
After tax
623
618
638
762
Living cost
184
184
184
184
Free-cash
439
434
454
578

Estimated living cost  is €184 per week

€126
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
€635
€572
€345
€390
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
-
-
-
1 100
income
-
-
-
147
pensions
-
-
-
220
health
-
-
-
143
total
-
-
-
510
Employee
287
-
822
-
income
32
-
158
-
pensions
6
-
16
-
unemployment
5
-
13
-
total
43
-
187
-
Employer
287
-
822
-
unemployment
2
-
7
-
pensions
58
-
164
-
health
37
-
107
-
total
97
-
278
-
Corporate
715
1 100
-
-
income
143
220
-
-
total
143
220
-
-
Dividends
572
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
283
220
465
510
After tax
817
880
635
590
Living cost
245
245
245
245
Free-cash
572
635
390
345

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
-€133
€54
€532
€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
-
-
-
1 100
accident
-
-
-
3
income
-
-
-
275
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
346
Employee
349
-
950
-
health
40
-
109
-
income
48
-
190
-
pensions
39
-
77
-
total
127
-
376
-
Employer
349
-
950
-
accident
6
-
16
-
unemployment
9
-
23
-
pensions
57
-
111
-
total
72
-
150
-
Corporate
680
1 100
-
-
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.

612
990
-
-
total
612
990
-
-
Dividends
68
110
-
-
withholding
13
21
-
-
total
13
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
824
1 011
526
346
After tax
276
89
574
754
Living cost
222
222
222
222
Free-cash
54
-133
352
532

Estimated living cost  is €222 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
€954
€937
€998
€789
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%.

-
-
-
1 100
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
114
-
1 100
-
income
23
-
220
-
total
23
-
220
-
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%.

986
1 100
-
-
total
-
-
-
-
Dividends
986
1 100
-
-
withholding
49
55
-
-
total
49
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
72
55
220
11
After tax
1 028
1 045
880
1 089
Living cost
91
91
91
91
Free-cash
937
954
789
998

Estimated living cost  is €91 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
€538
€470
€325
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
141
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.

-
-
-
264
other
-
-
-
52
health
-
-
-
48
total
-
-
-
505
Employee
368
-
879
-
health
5
-
12
-
income
63
-
156
-
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
-
62
-
unemployment
4
-
9
-
total
98
-
239
-
Employer
368
-
879
-
accident
3
-
7
-
other
18
-
44
-
unemployment
4
-
9
-
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
-
149
-
health
5
-
12
-
total
93
-
221
-
Corporate
639
1 100
-
-
income
134
231
-
-
total
134
231
-
-
Dividends
505
869
-
-
withholding
35
61
-
-
total
35
61
-
-
Income
1 100
1 100
1 100
1 100
Total tax
360
292
460
505
After tax
740
808
640
595
Living cost
270
270
270
270
Free-cash
470
538
370
325

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
€115
€5
€101
€4
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
-
-
-
1 100
income
-
-
-
241
pensions
-
-
-
78
total
-
-
-
319
Employee
962
-
967
-
health
16
-
16
-
income
173
-
175
-
pensions
93
-
93
-
total
282
-
284
-
Employer
962
-
967
-
pensions
114
-
114
-
health
18
-
18
-
total
132
-
132
-
Corporate
6
1 100
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

1
209
-
-
total
1
209
-
-
Dividends
5
891
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
1 100
1 100
1 100
1 100
Total tax
415
305
416
319
After tax
685
795
684
781
Living cost
680
680
680
680
Free-cash
5
115
4
101

Estimated living cost  is €680 per week

€510
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
€808
€761
€708
€744
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
-
-
-
1 100
income
-
-
-
165
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
-
-
-
259
Employee
176
-
1 031
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
103
-
pensions

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

15
-
31
-
total
43
-
154
-
Employer
176
-
1 031
-
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
889
1 100
-
-
income
89
110
-
-
total
89
110
-
-
Dividends
800
990
-
-
withholding
40
49
-
-
total
40
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
206
159
223
259
After tax
894
941
877
841
Living cost
133
133
133
133
Free-cash
761
808
744
708

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
-€28
-€4
€63
-€4
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
-
-
-
1 100
income
-
-
-
231
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
475
Employee
940
865
936
-
health
117
113
117
-
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
378
-
Employer
940
865
936
-
unemployment
34
31
34
-
pensions
65
60
65
-
health
65
60
65
-
total
164
151
164
-
Corporate
-
83
-
-
income
-
17
-
-
total
-
17
-
-
Dividends
-
66
-
-
income
-
14
-
-
withholding
-
10
-
-
total
-
24
-
-
Income
1 100
1 100
1 100
1 100
Total tax
542
566
542
475
After tax
558
534
558
625
Living cost
562
562
562
562
Free-cash
-4
-28
-4
63

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
€514
€428
€292
€315
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
-
-
-
1 100
income
-
-
-
95
health
-
-
-
149
solidarity contribution
-
-
-
-
social contributions
-
-
-
321
total
-
-
-
565
Employee
357
-
821
-
social contributions
23
-
53
-
health
48
-
111
-
solidarity contribution
-
-
-
-
income
43
-
99
-
total
114
-
263
-
Employer
357
-
821
-
social contributions
89
-
205
-
health
32
-
74
-
total
121
-
279
-
Corporate
622
1 100
-
-
income
118
209
-
-
total
118
209
-
-
Dividends
504
891
-
-
withholding
76
134
-
-
total
76
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
429
343
542
565
After tax
671
757
558
535
Living cost
243
243
243
243
Free-cash
428
514
315
292

Estimated living cost  is €243 per week

€169
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
€159
€106
€130
€78
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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
12
national
-
-
-
240
social contributions
-
-
-
283
total
-
-
-
542
Employee
901
-
1 100
-
social contributions
304
-
371
-
regional
8
-
11
-
municipal
5
-
6
-
national
156
-
206
-
total
473
-
594
-
Employer
901
-
1 100
-
total
-
-
-
-
Corporate
199
1 100
-
-
nationa
48
264
-
-
municipal
8
43
-
-
total
56
307
-
-
Dividends
144
793
-
-
withholding
37
206
-
-
total
37
206
-
-
Income
1 100
1 100
1 100
1 100
Total tax
566
513
594
542
After tax
534
587
506
558
Living cost
428
428
428
428
Free-cash
106
159
78
130

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
€468
€436
€330
€312
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
-
-
-
1 100
income
-
-
-
218
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
28
total
-
-
-
546
Employee
335
-
909
-
other
-
-
-
-
health
9
-
23
-
surtax
1
-
25
-
income
56
-
201
-
pensions
22
-
61
-
unemployment
23
-
63
-
total
111
-
373
-
Employer
335
-
909
-
other
-
-
-
-
unemployment
11
-
29
-
pensions
45
-
121
-
health
15
-
41
-
total
71
-
191
-
Corporate
694
1 100
-
-
income
181
286
-
-
total
181
286
-
-
Dividends
514
814
-
-
withholding
77
122
-
-
total
77
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
440
408
564
546
After tax
660
692
536
554
Living cost
224
224
224
224
Free-cash
436
468
312
330

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
€330
€279
€316
€219
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
-
-
-
1 100
income
-
-
-
241
pensions
-
-
-
78
total
-
-
-
319
Employee
645
-
967
-
health
9
-
16
-
income
116
-
175
-
pensions
55
-
93
-
total
180
-
284
-
Employer
645
-
967
-
pensions
70
-
114
-
health
12
-
18
-
total
82
-
132
-
Corporate
373
1 100
-
-
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.

71
209
-
-
total
71
209
-
-
Dividends
302
891
-
-
withholding
23
96
-
-
total
23
96
-
-
Income
1 100
1 100
1 100
1 100
Total tax
356
305
416
319
After tax
744
795
684
781
Living cost
465
465
465
465
Free-cash
279
330
219
316

Estimated living cost  is €465 per week

€348
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
-€263
€66
€148
€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
-
-
-
1 100
city
-
-
-
12
pensions
-
-
-
101
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.

-
-
-
22
regional
-
-
-
40
health
-
-
-
2
national
-
-
-
9
total
-
-
-
186
Employee
896
-
985
-
city
10
-
11
-
regional
29
-
34
-
health
2
-
2
-
pensions
75
-
83
-
unemployment
-
-
-
-
national
4
-
6
-
total
120
-
136
-
Employer
896
-
985
-
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
-
20
-
unemployment
-
-
-
-
pensions
75
-
83
-
health
2
-
2
-
total
95
-
105
-
Corporate
99
1 100
-
-
regional
21
233
-
-
national
8
93
-
-
total
29
326
-
-
Dividends
69
774
-
-
withholding
24
271
-
-
total
24
271
-
-
Income
1 100
1 100
1 100
1 100
Total tax
268
597
241
186
After tax
832
503
859
914
Living cost
766
766
766
766
Free-cash
66
-263
93
148

Estimated living cost  is €766 per week

€498
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.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€190
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
€80
€245
€199
€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

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

-
-
-
1 100
trade
-
-
-
108
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.

-
-
-
246
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.

-
-
-
14
total
-
-
-
437
Employee

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

609
-
1 100
-
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
-
14
-
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
-
246
-
total
145
-
329
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
491
1 100
-
-
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
74
165
-
-
trade
84
189
-
-
chamber of commerce
2
3
-
-
total
164
366
-
-
Dividends
327
734
-
-
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
10
-
-
withholding
78
180
-
-
total
82
190
-
-
Income
1 100
1 100
1 100
1 100
Total tax
391
556
329
437
After tax
709
544
771
663
Living cost
464
464
464
464
Free-cash
245
80
307
199

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
€208
€267
€285
€333
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
-
-
-
1 100
income
-
-
-
117
pensions
-
-
-
261
other
-
-
-
34
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
468
Employee
434
-
888
-
social contributions
12
-
25
-
surtax
-
-
-
-
income
26
-
138
-
pensions
49
-
45
-
total
87
-
208
-
Employer
434
-
888
-
other
15
-
31
-
social contributions
1
-
3
-
unemployment
18
-
36
-
pensions
71
-
79
-
health
30
-
63
-
total
135
-
212
-
Corporate
531
1 100
-
-
surtax
-
-
-
-
income
149
308
-
-
total
149
308
-
-
Dividends
382
792
-
-
surtax
-
-
-
-
social contributions
66
136
-
-
withholding
49
101
-
-
total
115
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
486
545
420
468
After tax
614
555
680
632
Living cost
347
347
347
347
Free-cash
267
208
333
285

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
€243
€298
€320
€368
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
-
-
-
1 100
income
-
-
-
117
pensions
-
-
-
261
other
-
-
-
34
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
468
Employee
387
-
888
-
social contributions
11
-
25
-
surtax
-
-
-
-
income
20
-
138
-
pensions
44
-
45
-
total
75
-
208
-
Employer
387
-
888
-
other
13
-
31
-
social contributions
1
-
3
-
unemployment
16
-
36
-
pensions
64
-
79
-
health
27
-
63
-
total
121
-
212
-
Corporate
592
1 100
-
-
surtax
-
-
-
-
income
166
308
-
-
total
166
308
-
-
Dividends
426
792
-
-
surtax
-
-
-
-
social contributions
73
136
-
-
withholding
55
101
-
-
total
128
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
490
545
420
468
After tax
610
555
680
632
Living cost
312
312
312
312
Free-cash
298
243
368
320

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
€456
€462
€491
€488
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
-
-
-
1 100
income
-
-
-
165
health
-
-
-
77
social contributions
-
-
-
152
total
-
-
-
394
Employee
344
-
1 100
-
social contributions
47
-
152
-
health
24
-
77
-
income
57
-
168
-
total
128
-
397
-
Employer
344
-
1 100
-
total
-
-
-
-
Corporate
756
1 100
-
-
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%.

38
55
-
-
total
38
55
-
-
Dividends
719
1 045
-
-
health
50
73
-
-
social contributions
99
144
-
-
withholding
108
157
-
-
total
257
374
-
-
Income
1 100
1 100
1 100
1 100
Total tax
423
429
397
394
After tax
677
671
703
706
Living cost
215
215
215
215
Free-cash
462
456
488
491

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
€259
€242
€193
-€35
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
-
-
-
1 100
chamber of commerce
-
-
-
4
income
-
-
-
194
pensions
-
-
-
204
unemployment
-
-
-
62
health
-
-
-
84
surtax
-
-
-
2
total
-
-
-
550
Employee
506
404
853
-
other
5
4
9
-
health
20
16
33
-
income
58
30
172
-
pensions
52
41
87
-
unemployment
15
12
26
-
total
150
103
327
-
Employer
506
404
853
-
accident
7
5
11
-
other
24
19
40
-
chamber of commerce
2
2
3
-
unemployment
15
12
26
-
surtax
2
2
2
-
pensions
64
51
107
-
payroll
15
12
26
-
health
19
15
32
-
total
148
118
247
-
Corporate
446
578
814
-
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.

111
144
204
-
total
111
144
204
-
Dividends
334
433
-
-
withholding
92
119
-
-
total
92
119
-
-
Income
1 100
1 100
1 100
1 100
Total tax
501
484
778
550
After tax
599
616
322
550
Living cost
357
357
357
357
Free-cash
242
259
-35
193

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
€248
€94
€138
€56
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
-
-
-
1 100
national
-
-
-
362
communal

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

-
-
-
55
social contributions
-
-
-
176
total
-
-
-
593
Employee

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

725
-
852
-
communal

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

38
-
44
-
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
-
40
-
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
-
64
-
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
-
273
-
total
355
-
428
-
Employer

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

725
-
852
-
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
-
97
-
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
-
75
-
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
-
52
-
total
211
-
247
-
Corporate
164
1 100
-
-
surtax
1
4
-
-
income
33
220
-
-
total
34
224
-
-
Dividends
131
876
-
-
withholding

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

36
259
-
-
total
36
259
-
-
Income
1 100
1 100
1 100
1 100
Total tax
636
483
675
593
After tax
464
617
425
507
Living cost
370
370
370
370
Free-cash
94
248
56
138

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
€375
€295
€232
€208
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
-
-
-
1 100
accident
-
-
-
8
income
-
-
-
220
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
502
Employee
504
-
834
-
other
-
-
1
-
income
106
-
206
-
pensions
24
-
39
-
unemployment
8
-
13
-
total
138
-
259
-
Employer
504
-
834
-
accident
10
-
17
-
other
4
-
7
-
unemployment
28
-
46
-
pensions
119
-
197
-
total
161
-
267
-
Corporate
435
1 100
-
-
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.

65
165
-
-
total
65
165
-
-
Dividends
370
935
-
-
withholding
75
194
-
-
total
75
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
439
359
526
502
After tax
661
741
574
598
Living cost
366
366
366
366
Free-cash
295
375
208
232

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
€119
€47
€66
€112
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
-
-
-
1 100
accident
-
-
-
9
income
-
-
-
107
pensions
-
-
-
165
health
-
-
-
77
surtax
-
-
-
55
communal
-
-
-
70
total
-
-
-
483
Employee
767
-
983
-
health
34
-
44
-
surtax
47
-
60
-
income
74
-
136
-
pensions
61
-
79
-
total
216
-
319
-
Employer
767
-
983
-
accident
7
-
9
-
pensions
61
-
79
-
health
23
-
30
-
total
91
-
118
-
Corporate
241
1 100
-
-
surtax
3
12
-
-
communal
-
74
-
-
income
36
165
-
-
total
39
251
-
-
Dividends
202
849
-
-
income
126
52
-
-
withholding
30
127
-
-
total
156
179
-
-
Income
1 100
1 100
1 100
1 100
Total tax
502
430
437
483
After tax
598
670
663
617
Living cost
551
551
551
551
Free-cash
47
119
112
66

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
€464
€430
€326
€308
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
-
-
-
1 100
income
-
-
-
218
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
28
total
-
-
-
546
Employee
341
-
909
-
other
-
-
-
-
health
9
-
23
-
surtax
1
-
25
-
income
57
-
201
-
pensions
23
-
61
-
unemployment
24
-
63
-
total
114
-
373
-
Employer
341
-
909
-
other
-
-
-
-
unemployment
11
-
29
-
pensions
46
-
121
-
health
16
-
41
-
total
73
-
191
-
Corporate
687
1 100
-
-
income
179
286
-
-
total
179
286
-
-
Dividends
508
814
-
-
withholding
76
122
-
-
total
76
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
442
408
564
546
After tax
658
692
536
554
Living cost
228
228
228
228
Free-cash
430
464
308
326

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
€305
€282
€280
€229
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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
17
national
-
-
-
240
social contributions
-
-
-
283
total
-
-
-
547
Employee
562
-
1 100
-
social contributions
190
-
371
-
regional
8
-
15
-
municipal
3
-
6
-
national
89
-
206
-
total
290
-
598
-
Employer
562
-
1 100
-
total
-
-
-
-
Corporate
538
1 100
-
-
nationa
129
264
-
-
municipal
27
55
-
-
total
156
319
-
-
Dividends
382
781
-
-
withholding
99
203
-
-
total
99
203
-
-
Income
1 100
1 100
1 100
1 100
Total tax
545
522
598
547
After tax
555
578
502
553
Living cost
273
273
273
273
Free-cash
282
305
229
280

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
€458
€351
€236
€259
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
-
-
-
1 100
income
-
-
-
95
health
-
-
-
149
solidarity contribution
-
-
-
-
social contributions
-
-
-
321
total
-
-
-
565
Employee
440
-
821
-
social contributions
29
-
53
-
health
59
-
111
-
solidarity contribution
-
-
-
-
income
53
-
99
-
total
141
-
263
-
Employer
440
-
821
-
social contributions
110
-
205
-
health
40
-
74
-
total
150
-
279
-
Corporate
511
1 100
-
-
income
97
209
-
-
total
97
209
-
-
Dividends
414
891
-
-
withholding
62
134
-
-
total
62
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
450
343
542
565
After tax
650
757
558
535
Living cost
299
299
299
299
Free-cash
351
458
259
236

Estimated living cost  is €299 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
€293
€290
€229
-€1
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
-
-
-
1 100
chamber of commerce
-
-
-
4
income
-
-
-
194
pensions
-
-
-
204
unemployment
-
-
-
62
health
-
-
-
84
surtax
-
-
-
-
total
-
-
-
548
Employee
443
404
854
-
other
4
4
9
-
health
17
16
33
-
income
39
30
173
-
pensions
45
41
87
-
unemployment
13
12
26
-
total
118
103
328
-
Employer
443
404
854
-
accident
6
5
11
-
other
21
19
41
-
chamber of commerce
2
2
3
-
unemployment
13
12
26
-
surtax
-
-
-
-
pensions
56
51
107
-
payroll
13
12
26
-
health
17
15
32
-
total
128
116
246
-
Corporate
530
580
816
-
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.

132
145
204
-
total
132
145
204
-
Dividends
397
435
-
-
withholding
109
120
-
-
total
109
120
-
-
Income
1 100
1 100
1 100
1 100
Total tax
487
484
778
548
After tax
613
616
322
552
Living cost
323
323
323
323
Free-cash
290
293
-1
229

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
€903
€876
€947
€738
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%.

-
-
-
1 100
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
178
-
1 100
-
income
36
-
220
-
total
36
-
220
-
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%.

922
1 100
-
-
total
-
-
-
-
Dividends
922
1 100
-
-
withholding
46
55
-
-
total
46
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
82
55
220
11
After tax
1 018
1 045
880
1 089
Living cost
142
142
142
142
Free-cash
876
903
738
947

Estimated living cost  is €142 per week

€96
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.
€35
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
€485
€400
€293
€262
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.

-
-
-
1 100
income
-
-
-
224
pensions
-
-
-
201
unemployment
-
-
-
2
health
-
-
-
108
total
-
-
-
535
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
-
952
-
health
29
-
61
-
income
77
-
208
-
pensions
69
-
148
-
unemployment
1
-
1
-
total
176
-
418
-
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
-
952
-
unemployment
-
-
1
-
pensions
40
-
84
-
health
30
-
63
-
total
70
-
148
-
Corporate
582
1 100
-
-
income
111
209
-
-
total
111
209
-
-
Dividends
472
891
-
-
withholding
71
134
-
-
total
71
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
428
343
566
535
After tax
672
757
534
565
Living cost
272
272
272
272
Free-cash
400
485
262
293

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
€231
-€412
€323
€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
-
-
-
1 100
income
-
-
-
214
social contributions
-
-
-
125
total
-
-
-
339
Employee
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
1 100
-
-
income
-
242
-
-
total
-
242
-
-
Dividends
-
858
-
-
income
-
189
-
-
total
-
189
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 074
431
133
339
After tax
26
669
967
761
Living cost
438
438
438
438
Free-cash
-412
231
529
323

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
€308
€297
€293
€232
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.

-
-
-
1 100
income
-
-
-
107
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
489
Employee
466
-
889
-
social contributions
51
-
98
-
surtax
-
-
-
-
income
97
-
241
-
total
148
-
339
-
Employer
466
-
889
-
social contributions
111
-
211
-
total
111
-
211
-
Corporate
523
1 100
-
-
surtax
-
-
-
-
income
110
231
-
-
total
110
231
-
-
Dividends
413
869
-
-
withholding
116
243
-
-
total
116
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
485
474
550
489
After tax
615
626
550
611
Living cost
318
318
318
318
Free-cash
297
308
232
293

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
€66
€135
€143
€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
-
-
-
1 100
income
-
-
-
117
pensions
-
-
-
261
other
-
-
-
34
health
-
-
-
25
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
468
Employee
635
-
888
-
social contributions
18
-
25
-
surtax
-
-
-
-
income
55
-
138
-
pensions
72
-
45
-
total
145
-
208
-
Employer
635
-
888
-
other
22
-
31
-
social contributions
2
-
3
-
unemployment
26
-
36
-
pensions
104
-
79
-
health
44
-
63
-
total
198
-
212
-
Corporate
267
1 100
-
-
surtax
-
-
-
-
income
75
308
-
-
total
75
308
-
-
Dividends
192
792
-
-
surtax
-
-
-
-
social contributions
33
136
-
-
withholding
25
101
-
-
total
58
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
476
545
420
468
After tax
624
555
680
632
Living cost
489
489
489
489
Free-cash
135
66
191
143

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
€685
€652
€529
€557
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
-
-
-
1 100
income
-
-
-
24
social contributions
-
-
-
242
total
-
-
-
266
Employee
326
-
952
-
income
-
-
28
-
social contributions
21
-
62
-
total
21
-
90
-
Employer
326
-
952
-
social contributions
50
-
148
-
total
50
-
148
-
Corporate
724
1 100
-
-
income
72
110
-
-
total
72
110
-
-
Dividends
651
990
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
143
110
238
266
After tax
957
990
862
834
Living cost
305
305
305
305
Free-cash
652
685
557
529

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
-€1110
-€1110
€189
-€1110
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
-
-
-
1 100
municipal
-
-
-
209
pensions
-
-
-
9
national
-
-
-
118
labour market
-
-
-
87
total
-
-
-
423
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 722
1 722
1 722
423
After tax
-622
-622
-622
677
Living cost
488
488
488
488
Free-cash
-1 110
-1 110
-1 110
189

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
-€129
€56
€536
€356
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
-
-
-
1 100
accident
-
-
-
3
income
-
-
-
275
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
346
Employee
343
-
950
-
health
39
-
109
-
income
47
-
190
-
pensions
39
-
77
-
total
125
-
376
-
Employer
343
-
950
-
accident
6
-
16
-
unemployment
8
-
23
-
pensions
56
-
111
-
total
70
-
150
-
Corporate
687
1 100
-
-
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.

618
990
-
-
total
618
990
-
-
Dividends
69
110
-
-
withholding
13
21
-
-
total
13
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
826
1 011
526
346
After tax
274
89
574
754
Living cost
218
218
218
218
Free-cash
56
-129
356
536

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
€336
€324
€382
€232
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

-
-
-
1 100
municipal
-
-
-
196
health
-
-
-
13
national
-
-
-
120
total
-
-
-
329
Employee
533
-
925
-
health
4
-
10
-
municipal
87
-
151
-
pensions
36
-
62
-
unemployment
8
-
14
-
national
9
-
67
-
total
144
-
304
-
Employer
533
-
925
-
accident
1
-
1
-
unemployment
3
-
6
-
pensions
92
-
161
-
health
4
-
7
-
total
100
-
175
-
Corporate
466
1 100
-
-
income
93
220
-
-
total
93
220
-
-
Dividends

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

280
660
-
-
national
-
36
-
-
municipal
50
119
-
-
total
50
155
-
-
Income
1 100
1 100
1 100
1 100
Total tax
387
375
479
329
After tax
713
725
621
771
Living cost
389
389
389
389
Free-cash
324
336
232
382

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
€570
€515
€539
€533
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
-
-
-
1 100
income
-
-
-
134
health
-
-
-
28
social contributions
-
-
-
164
total
-
-
-
326
Employee
779
779
999
-
social contributions
29
65
83
-
health
6
13
17
-
income
85
72
131
-
total
120
150
231
-
Employer
779
779
999
-
social contributions
29
65
83
-
health
7
14
18
-
total
36
79
101
-
Corporate
709
242
-
-
income
89
30
-
-
total
89
30
-
-
Dividends
620
211
-
-
withholding
105
36
-
-
total
105
36
-
-
Income
1 100
1 100
1 100
1 100
Total tax
350
295
332
326
After tax
750
805
768
774
Living cost
235
235
235
235
Free-cash
515
570
533
539

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
€750
€698
€732
€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

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
-
-
-
1 100
income
-
-
-
106
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
207
Employee

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

233
-
1 001
-
health
20
-
82
-
income
16
-
81
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
312
-
Employer

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

233
-
1 001
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
843
1 100
-
-
income
76
99
-
-
total
76
99
-
-
Dividends
768
1 001
-
-
withholding
69
90
-
-
total
69
90
-
-
Income
1 100
1 100
1 100
1 100
Total tax
241
189
411
207
After tax
859
911
689
893
Living cost
161
161
161
161
Free-cash
698
750
528
732

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
€462
€409
€319
€295
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
-
-
-
1 100
accident
-
-
-
8
income
-
-
-
220
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
502
Employee
375
-
834
-
other
-
-
1
-
income
72
-
206
-
pensions
18
-
39
-
unemployment
6
-
13
-
total
96
-
259
-
Employer
375
-
834
-
accident
7
-
17
-
other
3
-
7
-
unemployment
21
-
46
-
pensions
88
-
197
-
total
119
-
267
-
Corporate
606
1 100
-
-
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.

91
165
-
-
total
91
165
-
-
Dividends
515
935
-
-
withholding
106
194
-
-
total
106
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
412
359
526
502
After tax
688
741
574
598
Living cost
279
279
279
279
Free-cash
409
462
295
319

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
€658
€653
€671
€669
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
-
-
-
1 100
income
-
-
-
366
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
401
Employee
42
-
1 077
-
health
2
-
5
-
income
8
-
365
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
380
-
Employer
42
-
1 077
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 048
1 100
-
-
income
231
242
-
-
total
231
242
-
-
Dividends
818
858
-
-
withholding
164
172
-
-
total
164
172
-
-
Income
1 100
1 100
1 100
1 100
Total tax
419
414
403
401
After tax
681
686
697
699
Living cost
28
28
28
28
Free-cash
653
658
669
671

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
€620
€569
€418
€416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 100
income
-
-
-
224
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
507
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
-
966
-
health
14
-
39
-
income
36
-
224
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
374
-
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
-
966
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
788
1 100
-
-
income
118
165
-
-
total
118
165
-
-
Dividends
670
935
-
-
withholding
101
140
-
-
total
101
140
-
-
Income
1 100
1 100
1 100
1 100
Total tax
356
305
509
507
After tax
744
795
591
593
Living cost
175
175
175
175
Free-cash
569
620
416
418

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
€353
€349
€338
€277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 100
income
-
-
-
107
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
489
Employee
393
-
889
-
social contributions
43
-
98
-
surtax
-
-
-
-
income
77
-
241
-
total
120
-
339
-
Employer
393
-
889
-
social contributions
93
-
211
-
total
93
-
211
-
Corporate
613
1 100
-
-
surtax
-
-
-
-
income
129
231
-
-
total
129
231
-
-
Dividends
484
869
-
-
withholding
136
243
-
-
total
136
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
478
474
550
489
After tax
622
626
550
611
Living cost
273
273
273
273
Free-cash
349
353
277
338

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
€385
€307
€242
€218
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
-
-
-
1 100
accident
-
-
-
8
income
-
-
-
220
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
502
Employee
489
-
834
-
other
-
-
1
-
income
102
-
206
-
pensions
23
-
39
-
unemployment
8
-
13
-
total
133
-
259
-
Employer
489
-
834
-
accident
10
-
17
-
other
4
-
7
-
unemployment
27
-
46
-
pensions
116
-
197
-
total
157
-
267
-
Corporate
455
1 100
-
-
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.

68
165
-
-
total
68
165
-
-
Dividends
386
935
-
-
withholding
79
194
-
-
total
79
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
437
359
526
502
After tax
663
741
574
598
Living cost
356
356
356
356
Free-cash
307
385
218
242

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
€767
€705
€667
€703
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
-
-
-
1 100
income
-
-
-
165
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
-
-
-
259
Employee
231
-
1 031
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
103
-
pensions

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

20
-
31
-
total
57
-
154
-
Employer
231
-
1 031
-
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
824
1 100
-
-
income
82
110
-
-
total
82
110
-
-
Dividends
741
990
-
-
withholding
37
49
-
-
total
37
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
221
159
223
259
After tax
879
941
877
841
Living cost
174
174
174
174
Free-cash
705
767
703
667

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
€177
€310
€290
€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

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

-
-
-
1 100
trade
-
-
-
90
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.

-
-
-
246
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.

-
-
-
14
total
-
-
-
419
Employee

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

504
-
1 100
-
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
-
14
-
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
-
246
-
total
112
-
329
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
596
1 100
-
-
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
89
165
-
-
trade
86
158
-
-
chamber of commerce
2
3
-
-
total
182
335
-
-
Dividends
414
765
-
-
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
100
187
-
-
total
105
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
399
532
329
419
After tax
701
568
771
681
Living cost
391
391
391
391
Free-cash
310
177
380
290

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
€193
€215
€151
€151
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
-
-
-
1 100
income
-
-
-
272
social contributions
-
-
-
100
total
-
-
-
372
Employee
793
-
1 100
-
income
150
-
272
-
social contributions
66
-
100
-
total
216
-
372
-
Employer
793
-
1 100
-
total
-
-
-
-
Corporate
307
1 100
-
-
income
38
138
-
-
total
38
138
-
-
Dividends
269
962
-
-
withholding
54
192
-
-
total
54
192
-
-
Income
1 100
1 100
1 100
1 100
Total tax
308
330
372
372
After tax
792
770
728
728
Living cost
577
577
577
577
Free-cash
215
193
151
151

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
€293
€328
€376
€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

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 100
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
-
1 053
-
income
50
-
198
-
social contributions
47
-
47
-
total
97
-
245
-
Employer
465
-
1 053
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
589
1 100
-
-
income
206
385
-
-
total
206
385
-
-
Dividends
383
715
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 100
1 100
1 100
1 100
Total tax
404
439
292
356
After tax
696
661
808
744
Living cost
368
368
368
368
Free-cash
328
293
440
376

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
€417
€388
€403
€306
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
-
-
-
1 100
income
-
-
-
241
pensions
-
-
-
78
total
-
-
-
319
Employee
518
-
967
-
health
7
-
16
-
income
94
-
175
-
pensions
40
-
93
-
total
141
-
284
-
Employer
518
-
967
-
pensions
52
-
114
-
health
10
-
18
-
total
62
-
132
-
Corporate
519
1 100
-
-
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.

99
209
-
-
total
99
209
-
-
Dividends
421
891
-
-
withholding
32
96
-
-
total
32
96
-
-
Income
1 100
1 100
1 100
1 100
Total tax
334
305
416
319
After tax
766
795
684
781
Living cost
378
378
378
378
Free-cash
388
417
306
403

Estimated living cost  is €378 per week

€259
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
-€151
€53
€514
€334
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
-
-
-
1 100
accident
-
-
-
3
income
-
-
-
275
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
346
Employee
377
-
950
-
health
43
-
109
-
income
52
-
190
-
pensions
43
-
77
-
total
138
-
376
-
Employer
377
-
950
-
accident
6
-
16
-
unemployment
9
-
23
-
pensions
61
-
111
-
total
76
-
150
-
Corporate
646
1 100
-
-
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.

581
990
-
-
total
581
990
-
-
Dividends
65
110
-
-
withholding
12
21
-
-
total
12
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
807
1 011
526
346
After tax
293
89
574
754
Living cost
240
240
240
240
Free-cash
53
-151
334
514

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
€789
€749
€490
€569
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.

-
-
-
1 100
work injury
-
-
-
6
health insurance
-
-
-
81
income
-
-
-
171
pensions
-
-
-
202
unemployment
-
-
-
13
total
-
-
-
473
Employee

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

219
-
1 100
-
work injury
1
-
4
-
income
22
-
171
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
394
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
881
1 100
-
-
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%.

-
11
-
-
total
-
11
-
-
Dividends
881
1 089
-
-
withholding
132
163
-
-
total
132
163
-
-
Income
1 100
1 100
1 100
1 100
Total tax
214
174
394
473
After tax
886
926
706
627
Living cost
137
137
137
137
Free-cash
749
789
569
490

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
€175
€129
€143
€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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
23
national
-
-
-
240
social contributions
-
-
-
283
total
-
-
-
553
Employee
854
-
1 100
-
social contributions
288
-
371
-
regional
13
-
19
-
municipal
5
-
7
-
national
144
-
206
-
total
450
-
603
-
Employer
854
-
1 100
-
total
-
-
-
-
Corporate
246
1 100
-
-
nationa
59
264
-
-
municipal
12
53
-
-
total
71
317
-
-
Dividends
175
783
-
-
withholding
46
204
-
-
total
46
204
-
-
Income
1 100
1 100
1 100
1 100
Total tax
567
521
603
553
After tax
533
579
497
547
Living cost
404
404
404
404
Free-cash
129
175
93
143

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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