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
€ 1150
per

Your estimated
City
free-cash

Dresden , Germany
€275
€473
€366
€386
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.

-
-
-
1 150
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.

-
-
-
285
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.

-
-
-
16
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
trade
-
-
-
107
total
-
-
-
477
Employee

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

388
-
1 150
-
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
-
16
-
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
-
285
-
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
-
total
81
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
762
1 150
-
-
income
114
172
-
-
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
-
-
chamber of commerce
3
3
-
-
trade
120
181
-
-
total
243
365
-
-
Dividends
519
784
-
-
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.

7
11
-
-
withholding
126
192
-
-
total
133
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
457
568
370
477
After tax
693
582
780
673
Living cost
307
307
307
307
Free-cash
386
275
473
366

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
€178
€160
€152
€169
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
-
-
-
1 150
social contributions
-
-
-
12
municipal
-
-
-
121
national
-
-
-
187
pensions
-
-
-
138
total
-
-
-
458
Employee
836
-
994
-
municipal
103
-
125
-
pensions
33
-
40
-
national
160
-
194
-
total
296
-
359
-
Employer
836
-
994
-
pensions
67
-
80
-
social contributions
9
-
11
-
total
76
-
91
-
Corporate
183
1 150
-
-
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%.

37
230
-
-
total
37
230
-
-
Dividends
146
920
-
-
withholding
32
202
-
-
total
32
202
-
-
Income
1 150
1 150
1 150
1 150
Total tax
441
432
450
458
After tax
709
718
700
692
Living cost
540
540
540
540
Free-cash
169
178
160
152

Estimated living cost  is €540 per week

€367
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.
€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.
€115
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
€709
€436
€401
€625
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.

-
-
-
1 150
income
-
-
-
168
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.

-
-
-
370
microenterprise
-
-
-
-
total
-
-
-
538
Employee
296
-
927
-
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.

33
-
102
-
income
53
-
178
-
total
86
-
280
-
Employer
296
-
927
-
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
-
223
-
surtax
-
-
-
-
total
71
-
223
-
Corporate
783
1 150
-
-
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%.

157
230
-
-
total
157
230
-
-
Dividends

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

626
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
314
230
503
538
After tax
836
920
647
612
Living cost
211
211
211
211
Free-cash
625
709
436
401

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
€134
€174
€231
€73
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
-
-
-
1 150
income
-
-
-
250
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
494
Employee
865
865
979
-
pensions
156
119
119
-
income

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

142
142
142
-
health
133
113
119
-
total
431
374
380
-
Employer
865
865
979
-
health
60
60
68
-
pensions
60
60
68
-
unemployment
31
31
35
-
total
151
151
171
-
Corporate
144
133
-
-
income
29
27
-
-
total
29
27
-
-
Dividends
115
106
-
-
income
24
23
-
-
withholding
17
16
-
-
total
41
39
-
-
Income
1 150
1 150
1 150
1 150
Total tax
652
591
551
494
After tax
498
559
599
656
Living cost
425
425
425
425
Free-cash
73
134
174
231

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
€223
€201
€211
€215
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
-
-
-
1 150
accident
-
-
-
2
other
-
-
-
103
unemployment
-
-
-
1
health
-
-
-
55
municipal
-
-
-
266
national
-
-
-
11
pensions
-
-
-
96
total
-
-
-
534
Employee
577
-
875
-
municipal
172
-
261
-
national
-
-
7
-
total
172
-
268
-
Employer
577
-
875
-
health
35
-
54
-
pensions
62
-
95
-
accident
1
-
2
-
unemployment
15
-
23
-
other
67
-
102
-
total
180
-
276
-
Corporate
392
1 150
-
-
income
86
253
-
-
total
86
253
-
-
Dividends
306
897
-
-
withholding
92
269
-
-
total
92
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
530
522
544
534
After tax
620
628
606
616
Living cost
405
405
405
405
Free-cash
215
223
201
211

Estimated living cost  is €405 per week

€268
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.
€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 Stockholm model

Close
Hamburg , Germany
€179
€382
€270
€321
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.

-
-
-
1 150
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.

-
-
-
285
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.

-
-
-
16
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
trade
-
-
-
112
total
-
-
-
482
Employee

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

514
-
1 150
-
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
-
16
-
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
-
285
-
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
-
total
115
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
636
1 150
-
-
income
95
172
-
-
surtax

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

5
9
-
-
chamber of commerce
2
3
-
-
trade
105
189
-
-
total
207
373
-
-
Dividends
428
776
-
-
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
103
190
-
-
total
109
200
-
-
Income
1 150
1 150
1 150
1 150
Total tax
431
573
370
482
After tax
719
577
780
668
Living cost
398
398
398
398
Free-cash
321
179
382
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
€513
€466
€479
€470
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
-
-
-
1 150
income
-
-
-
149
social contributions
-
-
-
164
health
-
-
-
29
total
-
-
-
342
Employee
779
779
1 044
-
social contributions
38
65
87
-
income
82
72
144
-
health
8
13
18
-
total
128
150
249
-
Employer
779
779
1 044
-
health
8
14
19
-
social contributions
38
65
87
-
total
46
79
106
-
Corporate
648
292
-
-
income
81
36
-
-
total
81
36
-
-
Dividends
567
255
-
-
withholding
96
43
-
-
total
96
43
-
-
Income
1 150
1 150
1 150
1 150
Total tax
351
308
355
342
After tax
799
842
795
808
Living cost
329
329
329
329
Free-cash
470
513
466
479

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
€466
€485
€615
€470
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
-
-
-
1 150
income
-
-
-
141
unemployment
-
-
-
17
health
-
-
-
80
pensions
-
-
-
115
total
-
-
-
353
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.

262
104
962
-
unemployment
4
2
14
-
pensions
26
10
96
-
income
32
13
118
-
health
18
7
67
-
total
80
32
295
-
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.

262
104
962
-
pensions
51
20
188
-
total
51
20
188
-
Corporate
837
1 025
-
-
income
75
92
-
-
total
75
92
-
-
Dividends
761
933
-
-
social contributions
147
181
-
-
withholding
145
177
-
-
total
292
358
-
-
Income
1 150
1 150
1 150
1 150
Total tax
498
502
483
353
After tax
652
648
667
797
Living cost
182
182
182
182
Free-cash
470
466
485
615

Estimated living cost  is €182 per week

€124
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.
€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 Budapest model

Close
Tallinn , Estonia
€675
€417
€371
€612
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
-
-
-
1 150
income
-
-
-
154
health
-
-
-
150
pensions
-
-
-
230
total
-
-
-
534
Employee
287
-
859
-
unemployment
5
-
14
-
pensions
6
-
17
-
income
32
-
166
-
total
43
-
197
-
Employer
287
-
859
-
health
37
-
112
-
pensions
58
-
172
-
unemployment
2
-
7
-
total
97
-
291
-
Corporate
765
1 150
-
-
income
153
230
-
-
total
153
230
-
-
Dividends
612
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
293
230
488
534
After tax
857
920
662
616
Living cost
245
245
245
245
Free-cash
612
675
417
371

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
€376
€562
€58
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
290
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
362
Employee
356
-
996
-
pensions
40
-
78
-
income
49
-
202
-
health
41
-
114
-
total
130
-
394
-
Employer
356
-
996
-
pensions
58
-
113
-
accident
6
-
17
-
unemployment
9
-
24
-
total
73
-
154
-
Corporate
722
1 150
-
-
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.

649
1 035
-
-
total
649
1 035
-
-
Dividends
72
115
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
866
1 057
548
362
After tax
284
93
602
788
Living cost
226
226
226
226
Free-cash
58
-133
376
562

Estimated living cost  is €226 per week

€166
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.
€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 Gdansk model

Close
Batumi , Georgia
€1011
€838
€1057
€996
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%.

-
-
-
1 150
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
102
-
1 150
-
income
20
-
230
-
total
20
-
230
-
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%.

1 048
1 150
-
-
total
-
-
-
-
Dividends
1 048
1 150
-
-
withholding
52
57
-
-
total
52
57
-
-
Income
1 150
1 150
1 150
1 150
Total tax
72
57
230
11
After tax
1 078
1 093
920
1 139
Living cost
82
82
82
82
Free-cash
996
1 011
838
1 057

Estimated living cost  is €82 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
€574
€398
€349
€506
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
-
-
-
1 150
income
-
-
-
149
other
-
-
-
55
health
-
-
-
51
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.

-
-
-
276
total
-
-
-
531
Employee
368
-
919
-
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.

26
-
64
-
income
63
-
165
-
health
5
-
13
-
total
98
-
251
-
Employer
368
-
919
-
health
5
-
13
-
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
-
156
-
accident
3
-
7
-
unemployment
4
-
9
-
other
18
-
46
-
total
93
-
231
-
Corporate
689
1 150
-
-
income
145
242
-
-
total
145
242
-
-
Dividends
545
908
-
-
withholding
38
64
-
-
total
38
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
374
306
482
531
After tax
776
844
668
619
Living cost
270
270
270
270
Free-cash
506
574
398
349

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
€144
€27
€134
€45
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
-
-
-
1 150
income
-
-
-
261
pensions
-
-
-
78
total
-
-
-
339
Employee
958
-
1 010
-
pensions
92
-
99
-
income
173
-
191
-
health
16
-
17
-
total
281
-
307
-
Employer
958
-
1 010
-
health
18
-
19
-
pensions
113
-
120
-
total
131
-
139
-
Corporate
61
1 150
-
-
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.

12
219
-
-
total
12
219
-
-
Dividends
49
931
-
-
withholding
4
110
-
-
total
4
110
-
-
Income
1 150
1 150
1 150
1 150
Total tax
428
329
446
339
After tax
722
821
704
811
Living cost
677
677
677
677
Free-cash
45
144
27
134

Estimated living cost  is €677 per week

€507
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
€850
€789
€750
€804
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
-
-
-
1 150
income
-
-
-
173
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
267
Employee
176
-
1 081
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
108
-
health
8
-
16
-
total
43
-
159
-
Employer
176
-
1 081
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
940
1 150
-
-
income
94
115
-
-
total
94
115
-
-
Dividends
846
1 035
-
-
withholding
42
52
-
-
total
42
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
213
167
228
267
After tax
937
983
922
883
Living cost
133
133
133
133
Free-cash
804
850
789
750

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
-€3
€37
€94
€23
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
-
-
-
1 150
income
-
-
-
250
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
494
Employee
940
865
979
-
pensions
119
119
119
-
income

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

142
142
142
-
health
117
113
119
-
total
378
374
380
-
Employer
940
865
979
-
health
65
60
68
-
pensions
65
60
68
-
unemployment
34
31
35
-
total
164
151
171
-
Corporate
46
133
-
-
income
9
27
-
-
total
9
27
-
-
Dividends
37
106
-
-
income
8
23
-
-
withholding
6
16
-
-
total
14
39
-
-
Income
1 150
1 150
1 150
1 150
Total tax
565
591
551
494
After tax
585
559
599
656
Living cost
562
562
562
562
Free-cash
23
-3
37
94

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
€543
€334
€311
€455
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
-
-
-
1 150
income
-
-
-
99
social contributions
-
-
-
336
solidarity contribution
-
-
-
-
health
-
-
-
155
total
-
-
-
590
Employee
365
-
858
-
solidarity contribution
-
-
-
-
social contributions
24
-
56
-
income
44
-
103
-
health
49
-
116
-
total
117
-
275
-
Employer
365
-
858
-
health
33
-
77
-
social contributions
91
-
215
-
total
124
-
292
-
Corporate
660
1 150
-
-
income
125
218
-
-
total
125
218
-
-
Dividends
535
932
-
-
withholding
80
140
-
-
total
80
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
446
358
567
590
After tax
704
792
583
560
Living cost
249
249
249
249
Free-cash
455
543
334
311

Estimated living cost  is €249 per week

€173
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.
€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 Brno model

Close
Milan , Italy
€185
€98
€152
€132
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
-
-
-
1 150
social contributions
-
-
-
296
regional
-
-
-
13
municipal
-
-
-
7
national
-
-
-
254
total
-
-
-
570
Employee
901
-
1 150
-
municipal
5
-
6
-
national
156
-
219
-
regional
8
-
11
-
social contributions
304
-
388
-
total
473
-
624
-
Employer
901
-
1 150
-
total
-
-
-
-
Corporate
249
1 150
-
-
municipal
10
45
-
-
nationa
60
276
-
-
total
70
321
-
-
Dividends
180
829
-
-
withholding
47
216
-
-
total
47
216
-
-
Income
1 150
1 150
1 150
1 150
Total tax
590
537
624
570
After tax
560
613
526
580
Living cost
428
428
428
428
Free-cash
132
185
98
152

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
€499
€329
€347
€467
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
-
-
-
1 150
income
-
-
-
234
other
-
-
-
-
surtax
-
-
-
31
unemployment
-
-
-
2
health
-
-
-
82
pensions
-
-
-
230
total
-
-
-
579
Employee
335
-
950
-
other
-
-
-
-
unemployment
23
-
66
-
pensions
22
-
63
-
surtax
1
-
28
-
income
56
-
216
-
health
9
-
24
-
total
111
-
397
-
Employer
335
-
950
-
health
15
-
43
-
pensions
45
-
127
-
unemployment
11
-
30
-
other
-
-
-
-
total
71
-
200
-
Corporate
744
1 150
-
-
income
194
299
-
-
total
194
299
-
-
Dividends
551
851
-
-
withholding
83
128
-
-
total
83
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
459
427
597
579
After tax
691
723
553
571
Living cost
224
224
224
224
Free-cash
467
499
329
347

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
€358
€241
€348
€320
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
-
-
-
1 150
income
-
-
-
261
pensions
-
-
-
78
total
-
-
-
339
Employee
642
-
1 010
-
pensions
54
-
99
-
income
116
-
191
-
health
9
-
17
-
total
179
-
307
-
Employer
642
-
1 010
-
health
12
-
19
-
pensions
69
-
120
-
total
81
-
139
-
Corporate
426
1 150
-
-
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.

81
219
-
-
total
81
219
-
-
Dividends
345
931
-
-
withholding
26
110
-
-
total
26
110
-
-
Income
1 150
1 150
1 150
1 150
Total tax
367
329
446
339
After tax
783
821
704
811
Living cost
463
463
463
463
Free-cash
320
358
241
348

Estimated living cost  is €463 per week

€347
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.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€274
€99
€155
€67
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
-
-
-
1 150
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.

-
-
-
23
regional
-
-
-
42
health
-
-
-
3
city
-
-
-
12
national
-
-
-
9
pensions
-
-
-
106
total
-
-
-
195
Employee
936
-
1 029
-
unemployment
-
-
-
-
pensions
79
-
86
-
national
4
-
7
-
regional
31
-
36
-
city
10
-
11
-
health
2
-
2
-
total
126
-
142
-
Employer
936
-
1 029
-
health
2
-
2
-
pensions
79
-
86
-
unemployment
-
-
-
-
other

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

19
-
21
-
total
100
-
109
-
Corporate
104
1 150
-
-
regional
22
243
-
-
national
9
98
-
-
total
31
341
-
-
Dividends
73
809
-
-
withholding
26
283
-
-
total
26
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
283
624
251
195
After tax
867
526
899
955
Living cost
800
800
800
800
Free-cash
67
-274
99
155

Estimated living cost  is €800 per week

€520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€198
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
€107
€316
€200
€270
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.

-
-
-
1 150
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.

-
-
-
285
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.

-
-
-
16
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
trade
-
-
-
116
total
-
-
-
486
Employee

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

609
-
1 150
-
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
-
16
-
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
-
285
-
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
-
total
145
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
541
1 150
-
-
income
81
172
-
-
surtax

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

4
9
-
-
chamber of commerce
2
3
-
-
trade
93
197
-
-
total
180
381
-
-
Dividends
360
768
-
-
surtax

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

5
10
-
-
withholding
86
188
-
-
total
91
198
-
-
Income
1 150
1 150
1 150
1 150
Total tax
416
579
370
486
After tax
734
571
780
664
Living cost
464
464
464
464
Free-cash
270
107
316
200

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
€233
€356
€310
€292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
129
other
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
33
health
-
-
-
29
pensions
-
-
-
266
total
-
-
-
493
Employee
434
-
925
-
pensions
49
-
49
-
surtax
-
-
-
-
social contributions
12
-
26
-
income
26
-
147
-
total
87
-
222
-
Employer
434
-
925
-
health
30
-
68
-
pensions
71
-
85
-
unemployment
18
-
37
-
social contributions
1
-
3
-
other
15
-
32
-
total
135
-
225
-
Corporate
581
1 150
-
-
income
163
322
-
-
surtax
-
-
-
-
total
163
322
-
-
Dividends
418
828
-
-
surtax
-
-
-
-
social contributions
72
142
-
-
withholding
54
106
-
-
total
126
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
570
447
493
After tax
639
580
703
657
Living cost
347
347
347
347
Free-cash
292
233
356
310

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
€268
€391
€345
€323
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
-
-
-
1 150
income
-
-
-
129
other
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
33
health
-
-
-
29
pensions
-
-
-
266
total
-
-
-
493
Employee
387
-
925
-
pensions
44
-
49
-
surtax
-
-
-
-
social contributions
11
-
26
-
income
20
-
147
-
total
75
-
222
-
Employer
387
-
925
-
health
27
-
68
-
pensions
64
-
85
-
unemployment
16
-
37
-
social contributions
1
-
3
-
other
13
-
32
-
total
121
-
225
-
Corporate
642
1 150
-
-
income
180
322
-
-
surtax
-
-
-
-
total
180
322
-
-
Dividends
462
828
-
-
surtax
-
-
-
-
social contributions
80
142
-
-
withholding
59
106
-
-
total
139
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
515
570
447
493
After tax
635
580
703
657
Living cost
312
312
312
312
Free-cash
323
268
391
345

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
€486
€518
€524
€493
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
-
-
-
1 150
income
-
-
-
172
social contributions
-
-
-
159
health
-
-
-
80
total
-
-
-
411
Employee
344
-
1 150
-
social contributions
47
-
159
-
income
57
-
178
-
health
24
-
80
-
total
128
-
417
-
Employer
344
-
1 150
-
total
-
-
-
-
Corporate
806
1 150
-
-
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%.

40
58
-
-
total
40
58
-
-
Dividends
766
1 092
-
-
social contributions
106
151
-
-
withholding
115
164
-
-
health
53
76
-
-
total
274
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
442
449
417
411
After tax
708
701
733
739
Living cost
215
215
215
215
Free-cash
493
486
518
524

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
€285
-€26
€214
€269
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
-
-
-
1 150
income
-
-
-
209
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
5
health
-
-
-
88
pensions
-
-
-
213
total
-
-
-
579
Employee
506
404
891
-
other
5
4
9
-
unemployment
15
12
27
-
pensions
52
41
91
-
income
58
30
185
-
health
20
16
34
-
total
150
103
346
-
Employer
506
404
891
-
chamber of commerce
2
2
4
-
health
19
15
34
-
pensions
64
51
112
-
accident
7
5
12
-
unemployment
15
12
27
-
surtax
2
2
2
-
payroll
15
12
27
-
other
24
19
42
-
total
148
118
260
-
Corporate
496
628
853
-
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.

124
157
213
-
total
124
157
213
-
Dividends
372
471
-
-
withholding
102
130
-
-
total
102
130
-
-
Income
1 150
1 150
1 150
1 150
Total tax
524
508
819
579
After tax
626
642
331
571
Living cost
357
357
357
357
Free-cash
269
285
-26
214

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
€274
€70
€154
€124
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
-
-
-
1 150
communal

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

-
-
-
58
social contributions
-
-
-
185
national
-
-
-
383
total
-
-
-
626
Employee

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

725
-
891
-
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
-
8
-
communal

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

38
-
46
-
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
-
67
-
national
223
-
288
-
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
-
42
-
total
355
-
451
-
Employer

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

725
-
891
-
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
-
55
-
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
-
79
-
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
-
12
-
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
-
13
-
surtax
82
-
101
-
total
211
-
260
-
Corporate
214
1 150
-
-
income
43
230
-
-
surtax
1
5
-
-
total
44
235
-
-
Dividends
170
915
-
-
withholding

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

47
271
-
-
total
47
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
657
506
711
626
After tax
493
644
439
524
Living cost
370
370
370
370
Free-cash
124
274
70
154

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
€409
€231
€263
€328
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
-
-
-
1 150
accident
-
-
-
8
income
-
-
-
239
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
521
Employee
504
-
872
-
other
-
-
1
-
unemployment
8
-
14
-
pensions
24
-
41
-
income
106
-
219
-
total
138
-
275
-
Employer
504
-
872
-
pensions
119
-
206
-
accident
10
-
17
-
unemployment
28
-
48
-
other
4
-
7
-
total
161
-
278
-
Corporate
485
1 150
-
-
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.

73
172
-
-
total
73
172
-
-
Dividends
412
978
-
-
withholding
84
203
-
-
total
84
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
456
375
553
521
After tax
694
775
597
629
Living cost
366
366
366
366
Free-cash
328
409
231
263

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
€148
€135
€87
€73
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
-
-
-
1 150
communal
-
-
-
73
accident
-
-
-
10
income
-
-
-
119
surtax
-
-
-
57
health
-
-
-
81
pensions
-
-
-
172
total
-
-
-
512
Employee
767
-
1 027
-
pensions
61
-
82
-
surtax
47
-
63
-
income
74
-
151
-
health
34
-
46
-
total
216
-
342
-
Employer
767
-
1 027
-
health
23
-
31
-
pensions
61
-
82
-
accident
7
-
9
-
total
91
-
122
-
Corporate
291
1 150
-
-
communal
-
78
-
-
income
44
172
-
-
surtax
3
12
-
-
total
47
262
-
-
Dividends
244
888
-
-
income
135
56
-
-
withholding
37
133
-
-
total
172
189
-
-
Income
1 150
1 150
1 150
1 150
Total tax
526
451
464
512
After tax
624
699
686
638
Living cost
551
551
551
551
Free-cash
73
148
135
87

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
€495
€325
€343
€461
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
-
-
-
1 150
income
-
-
-
234
other
-
-
-
-
surtax
-
-
-
31
unemployment
-
-
-
2
health
-
-
-
82
pensions
-
-
-
230
total
-
-
-
579
Employee
341
-
950
-
other
-
-
-
-
unemployment
24
-
66
-
pensions
23
-
63
-
surtax
1
-
28
-
income
57
-
216
-
health
9
-
24
-
total
114
-
397
-
Employer
341
-
950
-
health
16
-
43
-
pensions
46
-
127
-
unemployment
11
-
30
-
other
-
-
-
-
total
73
-
200
-
Corporate
737
1 150
-
-
income
192
299
-
-
total
192
299
-
-
Dividends
545
851
-
-
withholding
82
128
-
-
total
82
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
461
427
597
579
After tax
689
723
553
571
Living cost
228
228
228
228
Free-cash
461
495
325
343

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
€332
€249
€303
€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
-
-
-
1 150
social contributions
-
-
-
296
regional
-
-
-
17
municipal
-
-
-
7
national
-
-
-
254
total
-
-
-
574
Employee
562
-
1 150
-
municipal
3
-
6
-
national
89
-
219
-
regional
8
-
15
-
social contributions
190
-
388
-
total
290
-
628
-
Employer
562
-
1 150
-
total
-
-
-
-
Corporate
588
1 150
-
-
municipal
29
57
-
-
nationa
141
276
-
-
total
170
333
-
-
Dividends
418
817
-
-
withholding
109
212
-
-
total
109
212
-
-
Income
1 150
1 150
1 150
1 150
Total tax
569
545
628
574
After tax
581
605
522
576
Living cost
273
273
273
273
Free-cash
308
332
249
303

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
€486
€277
€254
€376
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
-
-
-
1 150
income
-
-
-
99
social contributions
-
-
-
336
solidarity contribution
-
-
-
-
health
-
-
-
155
total
-
-
-
590
Employee
450
-
858
-
solidarity contribution
-
-
-
-
social contributions
29
-
56
-
income
54
-
103
-
health
61
-
116
-
total
144
-
275
-
Employer
450
-
858
-
health
41
-
77
-
social contributions
113
-
215
-
total
154
-
292
-
Corporate
547
1 150
-
-
income
104
218
-
-
total
104
218
-
-
Dividends
443
932
-
-
withholding
66
140
-
-
total
66
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
468
358
567
590
After tax
682
792
583
560
Living cost
306
306
306
306
Free-cash
376
486
277
254

Estimated living cost  is €306 per week

€228
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.
€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 Prague model

Close
Graz , Austria
€321
€7
€250
€316
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
-
-
-
1 150
income
-
-
-
209
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
5
health
-
-
-
88
pensions
-
-
-
213
total
-
-
-
577
Employee
443
404
893
-
other
4
4
9
-
unemployment
13
12
27
-
pensions
45
41
91
-
income
39
30
186
-
health
17
16
35
-
total
118
103
348
-
Employer
443
404
893
-
chamber of commerce
2
2
4
-
health
17
15
34
-
pensions
56
51
112
-
accident
6
5
12
-
unemployment
13
12
27
-
surtax
-
-
-
-
payroll
13
12
27
-
other
21
19
42
-
total
128
116
258
-
Corporate
580
630
855
-
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.

145
157
214
-
total
145
157
214
-
Dividends
435
472
-
-
withholding
120
130
-
-
total
120
130
-
-
Income
1 150
1 150
1 150
1 150
Total tax
511
506
820
577
After tax
639
644
330
573
Living cost
323
323
323
323
Free-cash
316
321
7
250

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
€966
€793
€1012
€941
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%.

-
-
-
1 150
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
159
-
1 150
-
income
32
-
230
-
total
32
-
230
-
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%.

991
1 150
-
-
total
-
-
-
-
Dividends
991
1 150
-
-
withholding
50
57
-
-
total
50
57
-
-
Income
1 150
1 150
1 150
1 150
Total tax
82
57
230
11
After tax
1 068
1 093
920
1 139
Living cost
127
127
127
127
Free-cash
941
966
793
1 012

Estimated living cost  is €127 per week

€86
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
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
€520
€285
€317
€435
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.

-
-
-
1 150
income
-
-
-
236
unemployment
-
-
-
2
health
-
-
-
113
pensions
-
-
-
210
total
-
-
-
561
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
-
995
-
unemployment
1
-
1
-
pensions
69
-
154
-
income
77
-
219
-
health
29
-
64
-
total
176
-
438
-
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
-
995
-
health
30
-
66
-
pensions
40
-
88
-
unemployment
-
-
1
-
total
70
-
155
-
Corporate
632
1 150
-
-
income
120
218
-
-
total
120
218
-
-
Dividends
512
932
-
-
withholding
77
140
-
-
total
77
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
443
358
593
561
After tax
707
792
557
589
Living cost
272
272
272
272
Free-cash
435
520
285
317

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
€267
€585
€362
-€346
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
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
621
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
621
-
-
-
social contributions
875
-
125
-
total
875
-
125
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 063
450
132
355
After tax
87
700
1 018
795
Living cost
433
433
433
433
Free-cash
-346
267
585
362

Estimated living cost  is €433 per week

€281
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.
€106
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
€336
€251
€318
€326
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.

-
-
-
1 150
income
-
-
-
114
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
514
Employee
466
-
929
-
surtax
-
-
-
-
social contributions
51
-
102
-
income
97
-
258
-
total
148
-
360
-
Employer
466
-
929
-
social contributions
111
-
221
-
total
111
-
221
-
Corporate
573
1 150
-
-
income
120
242
-
-
surtax
-
-
-
-
total
120
242
-
-
Dividends
453
908
-
-
withholding
127
254
-
-
total
127
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
506
496
581
514
After tax
644
654
569
636
Living cost
318
318
318
318
Free-cash
326
336
251
318

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
€91
€214
€168
€161
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
-
-
-
1 150
income
-
-
-
129
other
-
-
-
36
surtax
-
-
-
-
social contributions
-
-
-
33
health
-
-
-
29
pensions
-
-
-
266
total
-
-
-
493
Employee
635
-
925
-
pensions
72
-
49
-
surtax
-
-
-
-
social contributions
18
-
26
-
income
55
-
147
-
total
145
-
222
-
Employer
635
-
925
-
health
44
-
68
-
pensions
104
-
85
-
unemployment
26
-
37
-
social contributions
2
-
3
-
other
22
-
32
-
total
198
-
225
-
Corporate
317
1 150
-
-
income
89
322
-
-
surtax
-
-
-
-
total
89
322
-
-
Dividends
228
828
-
-
surtax
-
-
-
-
social contributions
39
142
-
-
withholding
29
106
-
-
total
68
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
500
570
447
493
After tax
650
580
703
657
Living cost
489
489
489
489
Free-cash
161
91
214
168

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
€730
€594
€564
€697
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
-
-
-
1 150
income
-
-
-
28
social contributions
-
-
-
253
total
-
-
-
281
Employee
326
-
996
-
income
-
-
32
-
social contributions
21
-
65
-
total
21
-
97
-
Employer
326
-
996
-
social contributions
50
-
154
-
total
50
-
154
-
Corporate
774
1 150
-
-
income
77
115
-
-
total
77
115
-
-
Dividends
696
1 035
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
148
115
251
281
After tax
1 002
1 035
899
869
Living cost
305
305
305
305
Free-cash
697
730
594
564

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
-€1059
-€1059
€217
-€1059
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
-
-
-
1 150
labour market
-
-
-
91
municipal
-
-
-
221
national
-
-
-
124
pensions
-
-
-
9
total
-
-
-
445
Employee
2 060
2 060
2 060
-
municipal
439
439
439
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 721
1 721
1 721
445
After tax
-571
-571
-571
705
Living cost
488
488
488
488
Free-cash
-1 059
-1 059
-1 059
217

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
-€130
€379
€565
€59
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
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
290
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
362
Employee
351
-
996
-
pensions
39
-
78
-
income
48
-
202
-
health
40
-
114
-
total
127
-
394
-
Employer
351
-
996
-
pensions
57
-
113
-
accident
6
-
17
-
unemployment
9
-
24
-
total
72
-
154
-
Corporate
728
1 150
-
-
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.

655
1 035
-
-
total
655
1 035
-
-
Dividends
73
115
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
868
1 057
548
362
After tax
282
93
602
788
Living cost
223
223
223
223
Free-cash
59
-130
379
565

Estimated living cost  is €223 per week

€162
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.
€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.
€44
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
€365
€255
€412
€358
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

-
-
-
1 150
health
-
-
-
13
municipal
-
-
-
205
national
-
-
-
131
total
-
-
-
349
Employee
533
-
967
-
municipal
87
-
158
-
unemployment
8
-
15
-
pensions
36
-
65
-
national
9
-
75
-
health
4
-
11
-
total
144
-
324
-
Employer
533
-
967
-
health
4
-
7
-
pensions
92
-
168
-
accident
1
-
1
-
unemployment
3
-
6
-
total
100
-
182
-
Corporate
516
1 150
-
-
income
103
230
-
-
total
103
230
-
-
Dividends

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

310
690
-
-
municipal
56
124
-
-
national
-
42
-
-
total
56
166
-
-
Income
1 150
1 150
1 150
1 150
Total tax
403
396
506
349
After tax
747
754
644
801
Living cost
389
389
389
389
Free-cash
358
365
255
412

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
€607
€560
€573
€551
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
-
-
-
1 150
income
-
-
-
149
social contributions
-
-
-
164
health
-
-
-
29
total
-
-
-
342
Employee
779
779
1 044
-
social contributions
29
65
87
-
income
85
72
144
-
health
6
13
18
-
total
120
150
249
-
Employer
779
779
1 044
-
health
7
14
19
-
social contributions
29
65
87
-
total
36
79
106
-
Corporate
759
292
-
-
income
95
36
-
-
total
95
36
-
-
Dividends
664
255
-
-
withholding
113
43
-
-
total
113
43
-
-
Income
1 150
1 150
1 150
1 150
Total tax
364
308
355
342
After tax
786
842
795
808
Living cost
235
235
235
235
Free-cash
551
607
560
573

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
€791
€572
€776
€740
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
-
-
-
1 150
income
-
-
-
112
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
213
Employee

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

233
-
1 051
-
unemployment
1
-
5
-
pensions
35
-
144
-
income
16
-
87
-
health
20
-
82
-
total
72
-
318
-
Employer

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

233
-
1 051
-
health
10
-
41
-
pensions
13
-
53
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
893
1 150
-
-
income
80
104
-
-
total
80
104
-
-
Dividends
813
1 046
-
-
withholding
73
94
-
-
total
73
94
-
-
Income
1 150
1 150
1 150
1 150
Total tax
249
198
417
213
After tax
901
952
733
937
Living cost
161
161
161
161
Free-cash
740
791
572
776

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
€496
€318
€350
€443
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
-
-
-
1 150
accident
-
-
-
8
income
-
-
-
239
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
521
Employee
375
-
872
-
other
-
-
1
-
unemployment
6
-
14
-
pensions
18
-
41
-
income
72
-
219
-
total
96
-
275
-
Employer
375
-
872
-
pensions
88
-
206
-
accident
7
-
17
-
unemployment
21
-
48
-
other
3
-
7
-
total
119
-
278
-
Corporate
656
1 150
-
-
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.

98
172
-
-
total
98
172
-
-
Dividends
557
978
-
-
withholding
115
203
-
-
total
115
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
428
375
553
521
After tax
722
775
597
629
Living cost
279
279
279
279
Free-cash
443
496
318
350

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
€697
€713
€714
€693
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
-
-
-
1 150
income
-
-
-
389
health
-
-
-
11
pensions
-
-
-
15
total
-
-
-
415
Employee
31
-
1 133
-
unemployment
-
-
1
-
pensions
3
-
7
-
income
6
-
388
-
health
2
-
4
-
total
11
-
400
-
Employer
31
-
1 133
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 112
1 150
-
-
income
245
253
-
-
total
245
253
-
-
Dividends
867
897
-
-
withholding
173
179
-
-
total
173
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
436
432
416
415
After tax
714
718
734
735
Living cost
21
21
21
21
Free-cash
693
697
713
714

Estimated living cost  is €21 per week

€12
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.
€0
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.
€6
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
€656
€450
€451
€605
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.

-
-
-
1 150
income
-
-
-
242
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
194
total
-
-
-
524
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
-
1 016
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
242
-
health
14
-
38
-
total
89
-
391
-
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
-
1 016
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
839
1 150
-
-
income
126
172
-
-
total
126
172
-
-
Dividends
713
978
-
-
withholding
107
147
-
-
total
107
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
370
319
525
524
After tax
780
831
625
626
Living cost
175
175
175
175
Free-cash
605
656
450
451

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
€381
€296
€363
€378
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.

-
-
-
1 150
income
-
-
-
114
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
514
Employee
393
-
929
-
surtax
-
-
-
-
social contributions
43
-
102
-
income
77
-
258
-
total
120
-
360
-
Employer
393
-
929
-
social contributions
93
-
221
-
total
93
-
221
-
Corporate
663
1 150
-
-
income
139
242
-
-
surtax
-
-
-
-
total
139
242
-
-
Dividends
524
908
-
-
withholding
147
254
-
-
total
147
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
499
496
581
514
After tax
651
654
569
636
Living cost
273
273
273
273
Free-cash
378
381
296
363

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
€419
€241
€273
€340
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
-
-
-
1 150
accident
-
-
-
8
income
-
-
-
239
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
521
Employee
489
-
872
-
other
-
-
1
-
unemployment
8
-
14
-
pensions
23
-
41
-
income
102
-
219
-
total
133
-
275
-
Employer
489
-
872
-
pensions
116
-
206
-
accident
10
-
17
-
unemployment
27
-
48
-
other
4
-
7
-
total
157
-
278
-
Corporate
505
1 150
-
-
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.

76
172
-
-
total
76
172
-
-
Dividends
429
978
-
-
withholding
88
203
-
-
total
88
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
454
375
553
521
After tax
696
775
597
629
Living cost
356
356
356
356
Free-cash
340
419
241
273

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
€809
€748
€709
€748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
173
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
267
Employee
231
-
1 081
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

20
-
31
-
income
23
-
108
-
health
11
-
16
-
total
57
-
159
-
Employer
231
-
1 081
-
health
16
-
24
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
874
1 150
-
-
income
87
115
-
-
total
87
115
-
-
Dividends
787
1 035
-
-
withholding
39
52
-
-
total
39
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
228
167
228
267
After tax
922
983
922
883
Living cost
174
174
174
174
Free-cash
748
809
748
709

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
€203
€389
€292
€336
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.

-
-
-
1 150
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.

-
-
-
285
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.

-
-
-
16
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
trade
-
-
-
97
total
-
-
-
467
Employee

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

504
-
1 150
-
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
-
16
-
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
-
285
-
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
-
total
112
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
646
1 150
-
-
income
97
172
-
-
surtax

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

5
9
-
-
chamber of commerce
2
3
-
-
trade
93
165
-
-
total
197
349
-
-
Dividends
448
800
-
-
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
11
-
-
withholding
108
196
-
-
total
114
207
-
-
Income
1 150
1 150
1 150
1 150
Total tax
423
556
370
467
After tax
727
594
780
683
Living cost
391
391
391
391
Free-cash
336
203
389
292

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
€228
€176
€176
€249
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
-
-
-
1 150
income
-
-
-
292
social contributions
-
-
-
105
total
-
-
-
397
Employee
793
-
1 150
-
income
150
-
292
-
social contributions
66
-
105
-
total
216
-
397
-
Employer
793
-
1 150
-
total
-
-
-
-
Corporate
357
1 150
-
-
income
45
144
-
-
total
45
144
-
-
Dividends
313
1 006
-
-
withholding
63
201
-
-
total
63
201
-
-
Income
1 150
1 150
1 150
1 150
Total tax
324
345
397
397
After tax
826
805
753
753
Living cost
577
577
577
577
Free-cash
249
228
176
176

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
€326
€478
€433
€361
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.

-
-
-
1 150
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.

-
-
-
61
total
-
-
-
349
Employee
465
-
1 103
-
income
50
-
210
-
social contributions
47
-
47
-
total
97
-
257
-
Employer
465
-
1 103
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
639
1 150
-
-
income
223
402
-
-
total
223
402
-
-
Dividends
415
748
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 150
1 150
1 150
1 150
Total tax
421
456
304
349
After tax
729
694
846
801
Living cost
368
368
368
368
Free-cash
361
326
478
433

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
€445
€328
€435
€428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
261
pensions
-
-
-
78
total
-
-
-
339
Employee
516
-
1 010
-
pensions
39
-
99
-
income
94
-
191
-
health
7
-
17
-
total
140
-
307
-
Employer
516
-
1 010
-
health
10
-
19
-
pensions
52
-
120
-
total
62
-
139
-
Corporate
572
1 150
-
-
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.

109
219
-
-
total
109
219
-
-
Dividends
463
931
-
-
withholding
35
110
-
-
total
35
110
-
-
Income
1 150
1 150
1 150
1 150
Total tax
346
329
446
339
After tax
804
821
704
811
Living cost
376
376
376
376
Free-cash
428
445
328
435

Estimated living cost  is €376 per week

€258
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
-€152
€357
€543
€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
-
-
-
1 150
accident
-
-
-
3
income
-
-
-
290
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
362
Employee
385
-
996
-
pensions
43
-
78
-
income
53
-
202
-
health
44
-
114
-
total
140
-
394
-
Employer
385
-
996
-
pensions
63
-
113
-
accident
6
-
17
-
unemployment
9
-
24
-
total
78
-
154
-
Corporate
686
1 150
-
-
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
1 035
-
-
total
618
1 035
-
-
Dividends
69
115
-
-
withholding
13
22
-
-
total
13
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
849
1 057
548
362
After tax
301
93
602
788
Living cost
245
245
245
245
Free-cash
56
-152
357
543

Estimated living cost  is €245 per week

€180
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.
€46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€830
€610
€516
€791
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.

-
-
-
1 150
income
-
-
-
180
unemployment
-
-
-
14
work injury
-
-
-
6
health insurance
-
-
-
85
pensions
-
-
-
212
total
-
-
-
497
Employee

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

219
-
1 150
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
180
-
total
82
-
403
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
931
1 150
-
-
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%.

-
12
-
-
total
-
12
-
-
Dividends
931
1 138
-
-
withholding
140
171
-
-
total
140
171
-
-
Income
1 150
1 150
1 150
1 150
Total tax
222
183
403
497
After tax
928
967
747
653
Living cost
137
137
137
137
Free-cash
791
830
610
516

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

Close
Rome , Italy
€202
€111
€164
€156
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
-
-
-
1 150
social contributions
-
-
-
296
regional
-
-
-
24
municipal
-
-
-
8
national
-
-
-
254
total
-
-
-
582
Employee
854
-
1 150
-
municipal
5
-
7
-
national
144
-
219
-
regional
13
-
21
-
social contributions
288
-
388
-
total
450
-
635
-
Employer
854
-
1 150
-
total
-
-
-
-
Corporate
296
1 150
-
-
municipal
14
55
-
-
nationa
71
276
-
-
total
85
331
-
-
Dividends
211
819
-
-
withholding
55
213
-
-
total
55
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
590
544
635
582
After tax
560
606
515
568
Living cost
404
404
404
404
Free-cash
156
202
111
164

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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close