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

Valencia , Spain
€443
€318
€350
€496
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
unemployment
-
-
-
7
income
-
-
-
239
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
521
Employee
375
-
872
-
unemployment
6
-
14
-
pensions
18
-
41
-
income
72
-
219
-
other
-
-
1
-
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
Bratislava , Slovakia
€506
€398
€349
€574
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
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
income
-
-
-
149
other
-
-
-
55
health
-
-
-
51
total
-
-
-
531
Employee
368
-
919
-
health
5
-
13
-
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
-
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
Varna , Bulgaria
€804
€789
€750
€850
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
173
health
-
-
-
41
total
-
-
-
267
Employee
176
-
1 081
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
108
-
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
Nice , France
€292
€356
€310
€233
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
health
-
-
-
29
social contributions
-
-
-
33
pensions
-
-
-
266
surtax
-
-
-
-
total
-
-
-
493
Employee
434
-
925
-
pensions
49
-
49
-
income
26
-
147
-
social contributions
12
-
26
-
surtax
-
-
-
-
total
87
-
222
-
Employer
434
-
925
-
health
30
-
68
-
social contributions
1
-
3
-
pensions
71
-
85
-
unemployment
18
-
37
-
other
15
-
32
-
total
135
-
225
-
Corporate
581
1 150
-
-
income
163
322
-
-
surtax
-
-
-
-
total
163
322
-
-
Dividends
418
828
-
-
social contributions
72
142
-
-
surtax
-
-
-
-
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
Rotterdam , Netherlands
€73
€174
€231
€134
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
pensions
-
-
-
119
income
-
-
-
250
health
-
-
-
125
total
-
-
-
494
Employee
865
865
979
-
health
133
113
119
-
pensions
156
119
119
-
income

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

142
142
142
-
total
431
374
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
Dresden , Germany
€386
€473
€366
€275
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
trade
-
-
-
107
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
health

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

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

-
-
-
69
surtax

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

-
-
-
16
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
-
health

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

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

69
-
69
-
income

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

11
-
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.

1
-
16
-
total
81
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
762
1 150
-
-
income
114
172
-
-
trade
120
181
-
-
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
-
-
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.

Larnaca , Cyprus
€551
€560
€573
€607
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
health
-
-
-
29
social contributions
-
-
-
164
total
-
-
-
342
Employee
779
779
1 044
-
health
6
13
18
-
income
85
72
144
-
social contributions
29
65
87
-
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
Lisbon , Portugal
€326
€251
€318
€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

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
social contributions

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

-
-
-
400
surtax
-
-
-
-
total
-
-
-
514
Employee
466
-
929
-
income
97
-
258
-
social contributions
51
-
102
-
surtax
-
-
-
-
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
Batumi , Georgia
€1002
€844
€1062
€1016
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.

-
-
-
12
total
-
-
-
12
Employee
94
-
1 150
-
income
19
-
230
-
total
19
-
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%.

1 056
1 150
-
-
total
-
-
-
-
Dividends
1 056
1 150
-
-
withholding
53
58
-
-
total
53
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
72
58
230
12
After tax
1 078
1 092
920
1 138
Living cost
76
76
76
76
Free-cash
1 002
1 016
844
1 062

Estimated living cost  is €76 per week

€47
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€435
€285
€317
€520
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
pensions
-
-
-
210
unemployment
-
-
-
2
income
-
-
-
236
health
-
-
-
113
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
-
health
29
-
64
-
unemployment
1
-
1
-
pensions
69
-
154
-
income
77
-
219
-
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
Sliema , Malta
€361
€478
€430
€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

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.

-
-
-
64
total
-
-
-
352
Employee
465
-
1 103
-
social contributions
47
-
47
-
income
50
-
210
-
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
352
After tax
729
694
846
798
Living cost
368
368
368
368
Free-cash
361
326
478
430

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€493
€518
€524
€486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
172
health
-
-
-
80
social contributions
-
-
-
159
total
-
-
-
411
Employee
344
-
1 150
-
health
24
-
80
-
income
57
-
178
-
social contributions
47
-
159
-
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
Prague , Czech Republic
€409
€301
€283
€509
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
-
-
-
100
health
-
-
-
155
social contributions
-
-
-
330
solidarity contribution
-
-
-
-
total
-
-
-
585
Employee
415
-
858
-
health
56
-
116
-
solidarity contribution
-
-
-
-
income
50
-
103
-
social contributions
27
-
56
-
total
133
-
275
-
Employer
415
-
858
-
health
37
-
77
-
social contributions
104
-
215
-
total
141
-
292
-
Corporate
593
1 150
-
-
income
113
219
-
-
total
113
219
-
-
Dividends
481
931
-
-
withholding
72
140
-
-
total
72
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
459
359
567
585
After tax
691
791
583
565
Living cost
282
282
282
282
Free-cash
409
509
301
283

Estimated living cost  is €282 per week

€210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€953
€802
€1020
€974
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.

-
-
-
12
total
-
-
-
12
Employee
147
-
1 150
-
income
29
-
230
-
total
29
-
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%.

1 003
1 150
-
-
total
-
-
-
-
Dividends
1 003
1 150
-
-
withholding
50
58
-
-
total
50
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
79
58
230
12
After tax
1 071
1 092
920
1 138
Living cost
118
118
118
118
Free-cash
953
974
802
1 020

Estimated living cost  is €118 per week

€80
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.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
€161
€214
€168
€91
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
health
-
-
-
29
social contributions
-
-
-
33
pensions
-
-
-
266
surtax
-
-
-
-
total
-
-
-
493
Employee
635
-
925
-
pensions
72
-
49
-
income
55
-
147
-
social contributions
18
-
26
-
surtax
-
-
-
-
total
145
-
222
-
Employer
635
-
925
-
health
44
-
68
-
social contributions
2
-
3
-
pensions
104
-
85
-
unemployment
26
-
37
-
other
22
-
32
-
total
198
-
225
-
Corporate
317
1 150
-
-
income
89
322
-
-
surtax
-
-
-
-
total
89
322
-
-
Dividends
228
828
-
-
social contributions
39
142
-
-
surtax
-
-
-
-
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
Belgrade , Serbia
€605
€450
€450
€655
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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
243
health
-
-
-
77
total
-
-
-
525
Employee

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

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

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

263
-
1 016
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
104
-
income
36
-
243
-
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.

263
-
1 016
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
840
1 150
-
-
income
126
173
-
-
total
126
173
-
-
Dividends
714
977
-
-
withholding
107
147
-
-
total
107
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
370
320
525
525
After tax
780
830
625
625
Living cost
175
175
175
175
Free-cash
605
655
450
450

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.
€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
Zurich , Switzerland
€125
€190
€245
-€178
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
pensions
-
-
-
106
city
-
-
-
12
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
health
-
-
-
3
regional
-
-
-
46
national
-
-
-
11
total
-
-
-
201
Employee
824
-
1 029
-
health
2
-
2
-
unemployment
-
-
-
-
city
9
-
11
-
pensions
69
-
86
-
regional
27
-
39
-
national
4
-
9
-
total
111
-
147
-
Employer
824
-
1 029
-
health
2
-
2
-
pensions
69
-
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.

16
-
21
-
total
87
-
109
-
Corporate
229
1 150
-
-
regional
48
243
-
-
national
19
98
-
-
total
67
341
-
-
Dividends
161
809
-
-
withholding
56
283
-
-
total
56
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
321
624
256
201
After tax
829
526
894
949
Living cost
704
704
704
704
Free-cash
125
-178
190
245

Estimated living cost  is €704 per week

€458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
€358
€255
€412
€365
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
municipal
-
-
-
205
health
-
-
-
13
national
-
-
-
131
total
-
-
-
349
Employee
533
-
967
-
health
4
-
11
-
unemployment
8
-
15
-
pensions
36
-
65
-
national
9
-
75
-
municipal
87
-
158
-
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.

Brussels , Belgium
€124
€70
€154
€274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
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
-
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
-
communal

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

38
-
46
-
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
-
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
-
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
-
surtax
82
-
101
-
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
-
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
Stockholm , Sweden
€182
€176
€176
€191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
unemployment
-
-
-
1
municipal
-
-
-
260
other
-
-
-
111
health
-
-
-
60
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
103
total
-
-
-
537
Employee
622
-
875
-
national
-
-
-
-
municipal
186
-
261
-
total
186
-
261
-
Employer
622
-
875
-
health
38
-
54
-
pensions
67
-
95
-
accident
1
-
2
-
unemployment
16
-
23
-
other
72
-
102
-
total
194
-
276
-
Corporate
332
1 150
-
-
income
73
253
-
-
total
73
253
-
-
Dividends
259
897
-
-
withholding
78
269
-
-
total
78
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
531
522
537
537
After tax
619
628
613
613
Living cost
437
437
437
437
Free-cash
182
191
176
176

Estimated living cost  is €437 per week

€290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-€512
€522
€314
€219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
690
-
-
-
income
152
-
-
-
social contributions
57
-
8
-
total
209
-
8
-
Employer
690
-
-
-
social contributions
972
-
139
-
total
972
-
139
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 181
450
147
355
After tax
-31
700
1 003
795
Living cost
481
481
481
481
Free-cash
-512
219
522
314

Estimated living cost  is €481 per week

€312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
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.
€118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€470
€466
€479
€513
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
health
-
-
-
29
social contributions
-
-
-
164
total
-
-
-
342
Employee
779
779
1 044
-
health
8
13
18
-
income
82
72
144
-
social contributions
38
65
87
-
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
Edinburgh , United Kingdom
€447
€337
€444
€452
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
-
-
-
269
pensions
-
-
-
76
total
-
-
-
345
Employee
496
-
1 010
-
health
6
-
17
-
pensions
38
-
98
-
income
90
-
197
-
total
134
-
312
-
Employer
496
-
1 010
-
health
9
-
19
-
pensions
50
-
121
-
total
59
-
140
-
Corporate
595
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.

113
219
-
-
total
113
219
-
-
Dividends
482
931
-
-
withholding
36
118
-
-
total
36
118
-
-
Income
1 150
1 150
1 150
1 150
Total tax
342
337
452
345
After tax
808
813
698
805
Living cost
361
361
361
361
Free-cash
447
452
337
444

Estimated living cost  is €361 per week

€248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
€156
€111
€164
€202
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
municipal
-
-
-
8
regional
-
-
-
24
social contributions
-
-
-
296
national
-
-
-
254
total
-
-
-
582
Employee
854
-
1 150
-
social contributions
288
-
388
-
regional
13
-
21
-
national
144
-
219
-
municipal
5
-
7
-
total
450
-
635
-
Employer
854
-
1 150
-
total
-
-
-
-
Corporate
296
1 150
-
-
nationa
71
276
-
-
municipal
14
55
-
-
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
Gdansk , Poland
€60
€389
€573
-€122
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
pensions
-
-
-
41
income
-
-
-
294
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
362
Employee
338
-
1 001
-
health
39
-
115
-
pensions
38
-
74
-
income
46
-
208
-
total
123
-
397
-
Employer
338
-
1 001
-
pensions
55
-
107
-
accident
6
-
17
-
unemployment
8
-
25
-
total
69
-
149
-
Corporate
744
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.

669
1 035
-
-
total
669
1 035
-
-
Dividends
74
115
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
875
1 057
546
362
After tax
275
93
604
788
Living cost
215
215
215
215
Free-cash
60
-122
389
573

Estimated living cost  is €215 per week

€157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€336
€389
€292
€203
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
trade
-
-
-
97
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
health

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

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

-
-
-
69
surtax

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

-
-
-
16
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
-
health

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

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

69
-
69
-
income

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

41
-
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.

2
-
16
-
total
112
-
370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
646
1 150
-
-
income
97
172
-
-
trade
93
165
-
-
surtax

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

5
9
-
-
chamber of commerce
2
3
-
-
total
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.

Riga , Latvia
€625
€436
€401
€709
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
microenterprise
-
-
-
-
social contributions

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

-
-
-
370
surtax
-
-
-
-
total
-
-
-
538
Employee
296
-
927
-
income
53
-
178
-
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
-
surtax
-
-
-
-
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
Istanbul , Turkey
€572
€540
€549
€593
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
-
-
-
319
health
-
-
-
66
pensions
-
-
-
91
total
-
-
-
476
Employee
190
-
1 048
-
health
9
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
314
-
total
65
-
383
-
Employer
190
-
1 048
-
health
18
-
43
-
pensions
21
-
50
-
unemployment
4
-
9
-
total
43
-
102
-
Corporate
918
1 150
-
-
income
202
253
-
-
total
202
253
-
-
Dividends
716
897
-
-
withholding
143
179
-
-
total
143
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
453
432
485
476
After tax
697
718
665
674
Living cost
125
125
125
125
Free-cash
572
593
540
549

Estimated living cost  is €125 per week

€74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
€461
€325
€343
€495
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
pensions
-
-
-
230
unemployment
-
-
-
2
income
-
-
-
234
other
-
-
-
-
health
-
-
-
82
surtax
-
-
-
31
total
-
-
-
579
Employee
341
-
950
-
health
9
-
24
-
unemployment
24
-
66
-
pensions
23
-
63
-
income
57
-
216
-
other
-
-
-
-
surtax
1
-
28
-
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
Graz , Austria
€316
€7
€250
€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
-
-
-
1 150
pensions
-
-
-
213
chamber of commerce
-
-
-
5
unemployment
-
-
-
62
income
-
-
-
209
health
-
-
-
88
surtax
-
-
-
-
total
-
-
-
577
Employee
443
404
893
-
health
17
16
35
-
unemployment
13
12
27
-
pensions
45
41
91
-
income
39
30
186
-
other
4
4
9
-
total
118
103
348
-
Employer
443
404
893
-
health
17
15
34
-
pensions
56
51
112
-
surtax
-
-
-
-
accident
6
5
12
-