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
€ 1200
per

Your estimated
City
free-cash

Dresden , Germany
€411
€501
€299
€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.

-
-
-
1 200
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
-
-
-
115
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.

-
-
-
306
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.

-
-
-
17
total
-
-
-
507
Employee

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

388
-
1 200
-
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
-
306
-
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
-
17
-
total
81
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
812
1 200
-
-
income
122
180
-
-
chamber of commerce
3
3
-
-
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
10
-
-
trade
128
189
-
-
total
260
382
-
-
Dividends
553
818
-
-
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
134
201
-
-
total
141
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
482
594
392
507
After tax
718
606
808
693
Living cost
307
307
307
307
Free-cash
411
299
501
386

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
€208
€198
€218
€188
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
-
-
-
1 200
social contributions
-
-
-
13
municipal
-
-
-
127
pensions
-
-
-
144
national
-
-
-
197
total
-
-
-
481
Employee
823
-
1 037
-
pensions
33
-
41
-
municipal
102
-
132
-
national
157
-
204
-
total
292
-
377
-
Employer
823
-
1 037
-
pensions
66
-
83
-
social contributions
9
-
11
-
total
75
-
94
-
Corporate
248
1 200
-
-
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%.

50
240
-
-
total
50
240
-
-
Dividends
199
960
-
-
withholding
44
211
-
-
total
44
211
-
-
Income
1 200
1 200
1 200
1 200
Total tax
461
451
471
481
After tax
739
749
729
719
Living cost
531
531
531
531
Free-cash
208
218
198
188

Estimated living cost  is €531 per week

€361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€49
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.
€113
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
€665
€464
€749
€427
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.

-
-
-
1 200
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.

-
-
-
386
income
-
-
-
176
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
562
Employee
296
-
967
-
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
-
106
-
income
53
-
186
-
surtax
-
-
-
-
total
86
-
292
-
Employer
296
-
967
-
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.

71
-
233
-
total
71
-
233
-
Corporate
833
1 200
-
-
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%.

167
240
-
-
total
167
240
-
-
Dividends

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

666
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
324
240
525
562
After tax
876
960
675
638
Living cost
211
211
211
211
Free-cash
665
749
464
427

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
€98
€213
€160
€262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
health
-
-
-
125
income
-
-
-
269
pensions
-
-
-
119
total
-
-
-
513
Employee
865
865
1 021
-
pensions
156
119
119
-
health
133
113
122
-
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
383
-
Employer
865
865
1 021
-
pensions
60
60
71
-
health
60
60
71
-
unemployment
31
31
37
-
total
151
151
179
-
Corporate
194
183
-
-
income
39
37
-
-
total
39
37
-
-
Dividends
155
146
-
-
income
33
31
-
-
withholding
23
22
-
-
total
56
53
-
-
Income
1 200
1 200
1 200
1 200
Total tax
677
615
562
513
After tax
523
585
638
687
Living cost
425
425
425
425
Free-cash
98
160
213
262

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
€229
€214
€238
€225
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
-
-
-
1 200
accident
-
-
-
2
health
-
-
-
57
municipal
-
-
-
279
pensions
-
-
-
99
other
-
-
-
106
unemployment
-
-
-
1
national
-
-
-
14
total
-
-
-
558
Employee
595
-
913
-
municipal
177
-
272
-
national
-
-
10
-
total
177
-
282
-
Employer
595
-
913
-
pensions
64
-
99
-
other
69
-
106
-
health
37
-
56
-
unemployment
16
-
24
-
accident
1
-
2
-
total
187
-
287
-
Corporate
418
1 200
-
-
income
92
264
-
-
total
92
264
-
-
Dividends
326
936
-
-
withholding
98
281
-
-
total
98
281
-
-
Income
1 200
1 200
1 200
1 200
Total tax
554
545
569
558
After tax
646
655
631
642
Living cost
417
417
417
417
Free-cash
229
238
214
225

Estimated living cost  is €417 per week

€277
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.
€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 Stockholm model

Close
Hamburg , Germany
€344
€410
€203
€290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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
-
-
-
120
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.

-
-
-
306
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.

-
-
-
17
total
-
-
-
512
Employee

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

514
-
1 200
-
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.

44
-
306
-
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
-
17
-
total
115
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
686
1 200
-
-
income
103
180
-
-
chamber of commerce
3
3
-
-
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
-
-
trade
113
197
-
-
total
225
390
-
-
Dividends
462
809
-
-
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
112
198
-
-
total
118
209
-
-
Income
1 200
1 200
1 200
1 200
Total tax
458
599
392
512
After tax
742
601
808
688
Living cost
398
398
398
398
Free-cash
344
203
410
290

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
€506
€500
€548
€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
-
-
-
1 200
social contributions
-
-
-
164
health
-
-
-
31
income
-
-
-
163
total
-
-
-
358
Employee
779
779
1 093
-
health
8
13
19
-
social contributions
38
65
87
-
income
82
72
158
-
total
128
150
264
-
Employer
779
779
1 093
-
health
8
14
20
-
social contributions
38
65
87
-
total
46
79
107
-
Corporate
698
342
-
-
income
87
43
-
-
total
87
43
-
-
Dividends
610
299
-
-
withholding
104
51
-
-
total
104
51
-
-
Income
1 200
1 200
1 200
1 200
Total tax
365
323
371
358
After tax
835
877
829
842
Living cost
329
329
329
329
Free-cash
506
548
500
513

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
€491
€509
€488
€644
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
-
-
-
1 200
health
-
-
-
84
income
-
-
-
147
pensions
-
-
-
120
unemployment
-
-
-
18
total
-
-
-
369
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.

270
107
1 004
-
unemployment
4
2
15
-
pensions
27
11
100
-
health
19
8
70
-
income
33
13
123
-
total
83
34
308
-
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.

270
107
1 004
-
pensions
53
21
196
-
total
53
21
196
-
Corporate
878
1 072
-
-
income
79
96
-
-
total
79
96
-
-
Dividends
799
975
-
-
social contributions
155
189
-
-
withholding
152
185
-
-
total
307
374
-
-
Income
1 200
1 200
1 200
1 200
Total tax
522
525
504
369
After tax
678
675
696
831
Living cost
187
187
187
187
Free-cash
491
488
509
644

Estimated living cost  is €187 per week

€127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€652
€447
€715
€398
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
-
-
-
1 200
health
-
-
-
156
income
-
-
-
161
pensions
-
-
-
240
total
-
-
-
557
Employee
287
-
897
-
unemployment
5
-
14
-
pensions
6
-
18
-
income
32
-
173
-
total
43
-
205
-
Employer
287
-
897
-
pensions
58
-
179
-
health
37
-
117
-
unemployment
2
-
7
-
total
97
-
303
-
Corporate
815
1 200
-
-
income
163
240
-
-
total
163
240
-
-
Dividends
652
960
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
303
240
508
557
After tax
897
960
692
643
Living cost
245
245
245
245
Free-cash
652
715
447
398

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
€60
€404
-€129
€596
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
-
-
-
1 200
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
306
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
378
Employee
355
-
1 044
-
pensions
40
-
78
-
health
41
-
120
-
income
49
-
216
-
total
130
-
414
-
Employer
355
-
1 044
-
pensions
58
-
113
-
unemployment
9
-
26
-
accident
6
-
17
-
total
73
-
156
-
Corporate
773
1 200
-
-
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.

696
1 080
-
-
total
696
1 080
-
-
Dividends
77
120
-
-
withholding
15
23
-
-
total
15
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
914
1 103
570
378
After tax
286
97
630
822
Living cost
226
226
226
226
Free-cash
60
-129
404
596

Estimated living cost  is €226 per week

€165
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.
€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
€1041
€877
€1057
€1105
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%.

-
-
-
1 200
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
104
-
1 200
-
income
21
-
240
-
total
21
-
240
-
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%.

1 096
1 200
-
-
total
-
-
-
-
Dividends
1 096
1 200
-
-
withholding
55
60
-
-
total
55
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
76
60
240
12
After tax
1 124
1 140
960
1 188
Living cost
83
83
83
83
Free-cash
1 041
1 057
877
1 105

Estimated living cost  is €83 per week

€52
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.
€23
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
€543
€424
€612
€374
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
-
-
-
1 200
health
-
-
-
53
income
-
-
-
158
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.

-
-
-
288
other
-
-
-
57
total
-
-
-
556
Employee
368
-
958
-
unemployment
4
-
10
-
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
-
67
-
health
5
-
13
-
income
63
-
174
-
total
98
-
264
-
Employer
368
-
958
-
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
-
163
-
other
18
-
48
-
health
5
-
13
-
unemployment
4
-
10
-
accident
3
-
8
-
total
93
-
242
-
Corporate
739
1 200
-
-
income
155
252
-
-
total
155
252
-
-
Dividends
584
948
-
-
withholding
41
66
-
-
total
41
66
-
-
Income
1 200
1 200
1 200
1 200
Total tax
387
318
506
556
After tax
813
882
694
644
Living cost
270
270
270
270
Free-cash
543
612
424
374

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
€101
€62
€181
€174
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
-
-
-
1 200
income
-
-
-
285
pensions
-
-
-
78
total
-
-
-
363
Employee
938
-
1 053
-
pensions
90
-
100
-
health
15
-
17
-
income
169
-
211
-
total
274
-
328
-
Employer
938
-
1 053
-
pensions
111
-
127
-
health
18
-
20
-
total
129
-
147
-
Corporate
134
1 200
-
-
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.

25
228
-
-
total
25
228
-
-
Dividends
108
972
-
-
withholding
8
128
-
-
total
8
128
-
-
Income
1 200
1 200
1 200
1 200
Total tax
436
356
475
363
After tax
764
844
725
837
Living cost
663
663
663
663
Free-cash
101
181
62
174

Estimated living cost  is €663 per week

€497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€78
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.
€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

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
€846
€834
€893
€793
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
-
-
-
1 200
health
-
-
-
41
income
-
-
-
180
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
274
Employee
176
-
1 130
-
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
-
health
8
-
16
-
income
18
-
113
-
total
43
-
164
-
Employer
176
-
1 130
-
pensions

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

19
-
39
-
health
12
-
24
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
34
-
69
-
Corporate
989
1 200
-
-
income
99
120
-
-
total
99
120
-
-
Dividends
890
1 080
-
-
withholding
45
54
-
-
total
45
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
221
174
233
274
After tax
979
1 026
967
926
Living cost
133
133
133
133
Free-cash
846
893
834
793

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.
€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.
€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
€49
€76
€23
€125
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
-
-
-
1 200
health
-
-
-
125
income
-
-
-
269
pensions
-
-
-
119
total
-
-
-
513
Employee
940
865
1 021
-
pensions
119
119
119
-
health
117
113
122
-
income

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

142
142
142
-
total
378
374
383
-
Employer
940
865
1 021
-
pensions
65
60
71
-
health
65
60
71
-
unemployment
34
31
37
-
total
164
151
179
-
Corporate
96
183
-
-
income
19
37
-
-
total
19
37
-
-
Dividends
77
146
-
-
income
16
31
-
-
withholding
12
22
-
-
total
28
53
-
-
Income
1 200
1 200
1 200
1 200
Total tax
589
615
562
513
After tax
611
585
638
687
Living cost
562
562
562
562
Free-cash
49
23
76
125

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
€485
€357
€574
€333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
social contributions
-
-
-
350
health
-
-
-
162
income
-
-
-
103
solidarity contribution
-
-
-
-
total
-
-
-
615
Employee
370
-
896
-
solidarity contribution
-
-
-
-
health
50
-
121
-
social contributions
24
-
58
-
income
44
-
107
-
total
118
-
286
-
Employer
370
-
896
-
health
33
-
81
-
social contributions
92
-
224
-
total
125
-
305
-
Corporate
704
1 200
-
-
income
134
228
-
-
total
134
228
-
-
Dividends
570
972
-
-
withholding
86
146
-
-
total
86
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
463
374
591
615
After tax
737
826
609
585
Living cost
252
252
252
252
Free-cash
485
574
357
333

Estimated living cost  is €252 per week

€175
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.
€54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€159
€118
€212
€174
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
-
-
-
1 200
social contributions
-
-
-
309
municipal
-
-
-
7
regional
-
-
-
14
national
-
-
-
268
total
-
-
-
598
Employee
901
-
1 200
-
regional
8
-
12
-
municipal
5
-
6
-
national
156
-
231
-
social contributions
304
-
405
-
total
473
-
654
-
Employer
901
-
1 200
-
total
-
-
-
-
Corporate
299
1 200
-
-
municipal
12
47
-
-
nationa
72
288
-
-
total
84
335
-
-
Dividends
216
865
-
-
withholding
56
225
-
-
total
56
225
-
-
Income
1 200
1 200
1 200
1 200
Total tax
613
560
654
598
After tax
587
640
546
602
Living cost
428
428
428
428
Free-cash
159
212
118
174

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
€346
€531
€366
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
-
-
-
1 200
health
-
-
-
85
income
-
-
-
250
surtax
-
-
-
33
pensions
-
-
-
240
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
610
Employee
335
-
991
-
unemployment
23
-
69
-
pensions
22
-
66
-
health
9
-
25
-
income
56
-
232
-
other
-
-
-
-
surtax
1
-
30
-
total
111
-
422
-
Employer
335
-
991
-
pensions
45
-
132
-
other
-
-
-
-
health
15
-
45
-
unemployment
11
-
31
-
total
71
-
208
-
Corporate
794
1 200
-
-
income
207
312
-
-
total
207
312
-
-
Dividends
588
888
-
-
withholding
88
133
-
-
total
88
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
477
445
630
610
After tax
723
755
570
590
Living cost
224
224
224
224
Free-cash
499
531
346
366

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
€369
€272
€391
€384
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
-
-
-
1 200
income
-
-
-
285
pensions
-
-
-
78
total
-
-
-
363
Employee
629
-
1 053
-
pensions
53
-
100
-
health
9
-
17
-
income
113
-
211
-
total
175
-
328
-
Employer
629
-
1 053
-
pensions
68
-
127
-
health
12
-
20
-
total
80
-
147
-
Corporate
491
1 200
-
-
income

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

93
228
-
-
total
93
228
-
-
Dividends
398
972
-
-
withholding
30
128
-
-
total
30
128
-
-
Income
1 200
1 200
1 200
1 200
Total tax
378
356
475
363
After tax
822
844
725
837
Living cost
453
453
453
453
Free-cash
369
391
272
384

Estimated living cost  is €453 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.
€75
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
€88
€130
-€258
€188
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
-
-
-
1 200
health
-
-
-
3
pensions
-
-
-
110
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.

-
-
-
24
regional
-
-
-
45
city
-
-
-
13
national
-
-
-
10
total
-
-
-
205
Employee
944
-
1 074
-
unemployment
-
-
-
-
pensions
79
-
90
-
regional
31
-
39
-
national
4
-
7
-
health
2
-
2
-
city
10
-
12
-
total
126
-
150
-
Employer
944
-
1 074
-
pensions
79
-
90
-
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
-
health
2
-
2
-
unemployment
-
-
-
-
total
100
-
113
-
Corporate
145
1 200
-
-
regional
31
254
-
-
national
12
102
-
-
total
43
356
-
-
Dividends
102
844
-
-
withholding
36
295
-
-
total
36
295
-
-
Income
1 200
1 200
1 200
1 200
Total tax
305
651
263
205
After tax
895
549
937
995
Living cost
807
807
807
807
Free-cash
88
-258
130
188

Estimated living cost  is €807 per week

€525
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.
€200
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
€294
€344
€130
€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

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

-
-
-
1 200
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
-
-
-
125
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.

-
-
-
306
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.

-
-
-
17
total
-
-
-
517
Employee

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

609
-
1 200
-
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.

72
-
306
-
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
-
17
-
total
145
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
591
1 200
-
-
income
89
180
-
-
chamber of commerce
2
3
-
-
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
-
-
trade
101
206
-
-
total
197
399
-
-
Dividends
394
801
-
-
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
11
-
-
withholding
95
196
-
-
total
100
207
-
-
Income
1 200
1 200
1 200
1 200
Total tax
442
606
392
517
After tax
758
594
808
683
Living cost
464
464
464
464
Free-cash
294
130
344
219

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
€318
€378
€257
€339
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
-
-
-
1 200
social contributions
-
-
-
34
health
-
-
-
32
income
-
-
-
141
surtax
-
-
-
-
pensions
-
-
-
270
other
-
-
-
37
total
-
-
-
514
Employee
434
-
961
-
pensions
49
-
53
-
social contributions
12
-
27
-
income
26
-
157
-
surtax
-
-
-
-
total
87
-
237
-
Employer
434
-
961
-
pensions
71
-
91
-
other
15
-
33
-
health
30
-
72
-
unemployment
18
-
39
-
social contributions
1
-
3
-
total
135
-
238
-
Corporate
631
1 200
-
-
income
177
336
-
-
surtax
-
-
-
-
total
177
336
-
-
Dividends
454
864
-
-
surtax
-
-
-
-
social contributions
78
149
-
-
withholding
58
111
-
-
total
136
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
535
596
475
514
After tax
665
604
725
686
Living cost
347
347
347
347
Free-cash
318
257
378
339

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
€348
€413
€292
€374
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
-
-
-
1 200
social contributions
-
-
-
34
health
-
-
-
32
income
-
-
-
141
surtax
-
-
-
-
pensions
-
-
-
270
other
-
-
-
37
total
-
-
-
514
Employee
387
-
961
-
pensions
44
-
53
-
social contributions
11
-
27
-
income
20
-
157
-
surtax
-
-
-
-
total
75
-
237
-
Employer
387
-
961
-
pensions
64
-
91
-
other
13
-
33
-
health
27
-
72
-
unemployment
16
-
39
-
social contributions
1
-
3
-
total
121
-
238
-
Corporate
692
1 200
-
-
income
194
336
-
-
surtax
-
-
-
-
total
194
336
-
-
Dividends
498
864
-
-
surtax
-
-
-
-
social contributions
86
149
-
-
withholding
64
111
-
-
total
150
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
540
596
475
514
After tax
660
604
725
686
Living cost
312
312
312
312
Free-cash
348
292
413
374

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
€523
€547
€517
€555
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
-
-
-
1 200
social contributions
-
-
-
166
health
-
-
-
84
income
-
-
-
180
total
-
-
-
430
Employee
344
-
1 200
-
health
24
-
84
-
social contributions
47
-
166
-
income
57
-
188
-
total
128
-
438
-
Employer
344
-
1 200
-
total
-
-
-
-
Corporate
856
1 200
-
-
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%.

43
60
-
-
total
43
60
-
-
Dividends
814
1 140
-
-
health
57
80
-
-
social contributions
112
157
-
-
withholding
122
171
-
-
total
291
408
-
-
Income
1 200
1 200
1 200
1 200
Total tax
462
468
438
430
After tax
738
732
762
770
Living cost
215
215
215
215
Free-cash
523
517
547
555

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
€296
-€17
€313
€237
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
-
-
-
1 200
health
-
-
-
91
surtax
-
-
-
2
income
-
-
-
227
chamber of commerce
-
-
-
5
pensions
-
-
-
219
unemployment
-
-
-
62
total
-
-
-
606
Employee
506
404
930
-
unemployment
15
12
28
-
pensions
52
41
95
-
health
20
16
36
-
income
58
30
199
-
other
5
4
9
-
total
150
103
367
-
Employer
506
404
930
-
chamber of commerce
2
2
4
-
pensions
64
51
117
-
other
24
19
44
-
health
19
15
35
-
unemployment
15
12
28
-
accident
7
5
12
-
surtax
2
2
2
-
payroll
15
12
28
-
total
148
118
270
-
Corporate
546
678
892
-
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.

136
169
223
-
total
136
169
223
-
Dividends
409
508
-
-
withholding
113
140
-
-
total
113
140
-
-
Income
1 200
1 200
1 200
1 200
Total tax
547
530
860
606
After tax
653
670
340
594
Living cost
357
357
357
357
Free-cash
296
313
-17
237

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
€152
€86
€302
€174
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
-
-
-
1 200
social contributions
-
-
-
192
communal

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

-
-
-
60
national
-
-
-
404
total
-
-
-
656
Employee

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

725
-
929
-
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
-
70
-
national
223
-
304
-
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
-
44
-
communal

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

38
-
48
-
total
355
-
474
-
Employer

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

725
-
929
-
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
-
82
-
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
-
57
-
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
-
14
-
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
-
surtax
82
-
105
-
total
211
-
270
-
Corporate
264
1 200
-
-
income
53
240
-
-
surtax
1
5
-
-
total
54
245
-
-
Dividends
210
955
-
-
withholding

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

59
283
-
-
total
59
283
-
-
Income
1 200
1 200
1 200
1 200
Total tax
679
528
744
656
After tax
521
672
456
544
Living cost
370
370
370
370
Free-cash
152
302
86
174

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
€362
€253
€441
€295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
accident
-
-
-
8
income
-
-
-
257
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
539
Employee
504
-
910
-
unemployment
8
-
14
-
pensions
24
-
43
-
income
106
-
233
-
other
-
-
1
-
total
138
-
291
-
Employer
504
-
910
-
pensions
119
-
215
-
other
4
-
7
-
unemployment
28
-
50
-
accident
10
-
18
-
total
161
-
290
-
Corporate
535
1 200
-
-
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.

80
180
-
-
total
80
180
-
-
Dividends
454
1 020
-
-
withholding
93
213
-
-
total
93
213
-
-
Income
1 200
1 200
1 200
1 200
Total tax
472
393
581
539
After tax
728
807
619
661
Living cost
366
366
366
366
Free-cash
362
441
253
295

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
€85
€154
€176
€107
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
-
-
-
1 200
accident
-
-
-
10
health
-
-
-
84
income
-
-
-
132
surtax
-
-
-
60
pensions
-
-
-
180
communal
-
-
-
76
total
-
-
-
542
Employee
767
-
1 072
-
pensions
61
-
86
-
health
34
-
48
-
income
74
-
166
-
surtax
47
-
66
-
total
216
-
366
-
Employer
767
-
1 072
-
pensions
61
-
86
-
health
23
-
33
-
accident
7
-
10
-
total
91
-
129
-
Corporate
341
1 200
-
-
income
51
180
-
-
communal
23
81
-
-
surtax
4
13
-
-
total
78
274
-
-
Dividends
263
926
-
-
income
140
60
-
-
withholding
39
139
-
-
total
179
199
-
-
Income
1 200
1 200
1 200
1 200
Total tax
564
473
495
542
After tax
636
727
705
658
Living cost
551
551
551
551
Free-cash
85
176
154
107

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
€493
€342
€527
€362
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
-
-
-
1 200
health
-
-
-
85
income
-
-
-
250
surtax
-
-
-
33
pensions
-
-
-
240
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
610
Employee
341
-
991
-
unemployment
24
-
69
-
pensions
23
-
66
-
health
9
-
25
-
income
57
-
232
-
other
-
-
-
-
surtax
1
-
30
-
total
114
-
422
-
Employer
341
-
991
-
pensions
46
-
132
-
other
-
-
-
-
health
16
-
45
-
unemployment
11
-
31
-
total
73
-
208
-
Corporate
787
1 200
-
-
income
205
312
-
-
total
205
312
-
-
Dividends
582
888
-
-
withholding
87
133
-
-
total
87
133
-
-
Income
1 200
1 200
1 200
1 200
Total tax
479
445
630
610
After tax
721
755
570
590
Living cost
228
228
228
228
Free-cash
493
527
342
362

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
€334
€269
€357
€325
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
-
-
-
1 200
social contributions
-
-
-
309
municipal
-
-
-
7
regional
-
-
-
18
national
-
-
-
268
total
-
-
-
602
Employee
562
-
1 200
-
regional
8
-
16
-
municipal
3
-
6
-
national
89
-
231
-
social contributions
190
-
405
-
total
290
-
658
-
Employer
562
-
1 200
-
total
-
-
-
-
Corporate
638
1 200
-
-
municipal
32
60
-
-
nationa
153
288
-
-
total
185
348
-
-
Dividends
453
852
-
-
withholding
118
222
-
-
total
118
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
593
570
658
602
After tax
607
630
542
598
Living cost
273
273
273
273
Free-cash
334
357
269
325

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
€404
€299
€516
€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
-
-
-
1 200
social contributions
-
-
-
350
health
-
-
-
162
income
-
-
-
103
solidarity contribution
-
-
-
-
total
-
-
-
615
Employee
456
-
896
-
solidarity contribution
-
-
-
-
health
62
-
121
-
social contributions
30
-
58
-
income
55
-
107
-
total
147
-
286
-
Employer
456
-
896
-
health
41
-
81
-
social contributions
114
-
224
-
total
155
-
305
-
Corporate
589
1 200
-
-
income
112
228
-
-
total
112
228
-
-
Dividends
477
972
-
-
withholding
72
146
-
-
total
72
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
486
374
591
615
After tax
714
826
609
585
Living cost
310
310
310
310
Free-cash
404
516
299
275

Estimated living cost  is €310 per week

€231
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.
€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 Prague model

Close
Graz , Austria
€344
€19
€348
€273
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
-
-
-
1 200
health
-
-
-
91
surtax
-
-
-
-
income
-
-
-
227
chamber of commerce
-
-
-
5
pensions
-
-
-
219
unemployment
-
-
-
62
total
-
-
-
604
Employee
443
404
932
-
unemployment
13
12
28
-
pensions
45
41
95
-
health
17
16
36
-
income
39
30
199
-
other
4
4
9
-
total
118
103
367
-
Employer
443
404
932
-
chamber of commerce
2
2
4
-
pensions
56
51
117
-
other
21
19
44
-
health
17
15
35
-
unemployment
13
12
28
-
accident
6
5
12
-
surtax
-
-
-
-
payroll
13
12
28
-
total
128
116
268
-
Corporate
630
680
893
-
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.

157
170
223
-
total
157
170
223
-
Dividends
472
510
-
-
withholding
130
140
-
-
total
130
140
-
-
Income
1 200
1 200
1 200
1 200
Total tax
533
529
858
604
After tax
667
671
342
596
Living cost
323
323
323
323
Free-cash
344
348
19
273

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
€985
€830
€1010
€1058
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%.

-
-
-
1 200
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
163
-
1 200
-
income
33
-
240
-
total
33
-
240
-
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%.

1 037
1 200
-
-
total
-
-
-
-
Dividends
1 037
1 200
-
-
withholding
52
60
-
-
total
52
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
85
60
240
12
After tax
1 115
1 140
960
1 188
Living cost
130
130
130
130
Free-cash
985
1 010
830
1 058

Estimated living cost  is €130 per week

€88
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
€469
€306
€554
€341
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.

-
-
-
1 200
health
-
-
-
118
income
-
-
-
248
pensions
-
-
-
219
unemployment
-
-
-
2
total
-
-
-
587
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
-
1 038
-
unemployment
1
-
1
-
pensions
69
-
161
-
health
29
-
67
-
income
77
-
231
-
total
176
-
460
-
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
-
1 038
-
pensions
40
-
92
-
health
30
-
69
-
unemployment
-
-
1
-
total
70
-
162
-
Corporate
682
1 200
-
-
income
130
228
-
-
total
130
228
-
-
Dividends
553
972
-
-
withholding
83
146
-
-
total
83
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
459
374
622
587
After tax
741
826
578
613
Living cost
272
272
272
272
Free-cash
469
554
306
341

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
-€327
€624
€288
€387
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
-
-
-
1 200
social contributions
-
-
-
137
income
-
-
-
234
total
-
-
-
371
Employee
633
-
-
-
social contributions
52
-
7
-
income
140
-
-
-
total
192
-
7
-
Employer
633
-
-
-
social contributions
893
-
127
-
total
893
-
127
-
Corporate
-
1 200
-
-
income
-
264
-
-
total
-
264
-
-
Dividends
-
936
-
-
income
-
206
-
-
total
-
206
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 085
470
134
371
After tax
115
730
1 066
829
Living cost
442
442
442
442
Free-cash
-327
288
624
387

Estimated living cost  is €442 per week

€287
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.
€108
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
€354
€271
€365
€344
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.

-
-
-
1 200
social contributions

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

-
-
-
417
income
-
-
-
121
surtax
-
-
-
-
total
-
-
-
538
Employee
466
-
970
-
social contributions
51
-
107
-
income
97
-
274
-
surtax
-
-
-
-
total
148
-
381
-
Employer
466
-
970
-
social contributions
111
-
230
-
total
111
-
230
-
Corporate
623
1 200
-
-
income
131
252
-
-
surtax
-
-
-
-
total
131
252
-
-
Dividends
492
948
-
-
withholding
138
265
-
-
total
138
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
528
517
611
538
After tax
672
683
589
662
Living cost
318
318
318
318
Free-cash
354
365
271
344

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
€186
€236
€115
€197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
social contributions
-
-
-
34
health
-
-
-
32
income
-
-
-
141
surtax
-
-
-
-
pensions
-
-
-
270
other
-
-
-
37
total
-
-
-
514
Employee
635
-
961
-
pensions
72
-
53
-
social contributions
18
-
27
-
income
55
-
157
-
surtax
-
-
-
-
total
145
-
237
-
Employer
635
-
961
-
pensions
104
-
91
-
other
22
-
33
-
health
44
-
72
-
unemployment
26
-
39
-
social contributions
2
-
3
-
total
198
-
238
-
Corporate
367
1 200
-
-
income
103
336
-
-
surtax
-
-
-
-
total
103
336
-
-
Dividends
264
864
-
-
surtax
-
-
-
-
social contributions
45
149
-
-
withholding
34
111
-
-
total
79
260
-
-
Income
1 200
1 200
1 200
1 200
Total tax
525
596
475
514
After tax
675
604
725
686
Living cost
489
489
489
489
Free-cash
186
115
236
197

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
€742
€630
€775
€599
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
-
-
-
1 200
social contributions
-
-
-
264
income
-
-
-
32
total
-
-
-
296
Employee
326
-
1 039
-
social contributions
21
-
68
-
income
-
-
36
-
total
21
-
104
-
Employer
326
-
1 039
-
social contributions
50
-
161
-
total
50
-
161
-
Corporate
824
1 200
-
-
income
82
120
-
-
total
82
120
-
-
Dividends
741
1 080
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
153
120
265
296
After tax
1 047
1 080
935
904
Living cost
305
305
305
305
Free-cash
742
775
630
599

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
-€1006
-€1006
-€1006
€245
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
-
-
-
1 200
municipal
-
-
-
233
pensions
-
-
-
9
labour market
-
-
-
95
national
-
-
-
130
total
-
-
-
467
Employee
2 058
2 058
2 058
-
pensions
3
3
3
-
municipal
438
438
438
-
national
251
251
251
-
labour market
164
164
164
-
total
856
856
856
-
Employer
2 058
2 058
2 058
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 718
1 718
1 718
467
After tax
-518
-518
-518
733
Living cost
488
488
488
488
Free-cash
-1 006
-1 006
-1 006
245

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.
€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.
€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
€63
€408
-€125
€600
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
-
-
-
1 200
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
306
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
378
Employee
350
-
1 044
-
pensions
39
-
78
-
health
40
-
120
-
income
48
-
216
-
total
127
-
414
-
Employer
350
-
1 044
-
pensions
57
-
113
-
unemployment
9
-
26
-
accident
6
-
17
-
total
72
-
156
-
Corporate
779
1 200
-
-
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.

701
1 080
-
-
total
701
1 080
-
-
Dividends
78
120
-
-
withholding
15
23
-
-
total
15
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
915
1 103
570
378
After tax
285
97
630
822
Living cost
222
222
222
222
Free-cash
63
-125
408
600

Estimated living cost  is €222 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€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
€393
€277
€394
€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

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

-
-
-
1 200
health
-
-
-
14
municipal
-
-
-
213
national
-
-
-
141
total
-
-
-
368
Employee
533
-
1 010
-
unemployment
8
-
15
-
pensions
36
-
68
-
municipal
87
-
165
-
national
9
-
84
-
health
4
-
11
-
total
144
-
343
-
Employer
533
-
1 010
-
pensions
92
-
175
-
health
4
-
8
-
unemployment
3
-
7
-
accident
1
-
1
-
total
100
-
191
-
Corporate
566
1 200
-
-
income
113
240
-
-
total
113
240
-
-
Dividends

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

340
720
-
-
national
-
47
-
-
municipal
61
130
-
-
total
61
177
-
-
Income
1 200
1 200
1 200
1 200
Total tax
418
417
534
368
After tax
782
783
666
832
Living cost
389
389
389
389
Free-cash
393
394
277
443

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
€588
€594
€642
€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
-
-
-
1 200
social contributions
-
-
-
164
health
-
-
-
31
income
-
-
-
163
total
-
-
-
358
Employee
779
779
1 093
-
health
6
13
19
-
social contributions
29
65
87
-
income
85
72
158
-
total
120
150
264
-
Employer
779
779
1 093
-
health
7
14
20
-
social contributions
29
65
87
-
total
36
79
107
-
Corporate
809
342
-
-
income
101
43
-
-
total
101
43
-
-
Dividends
708
299
-
-
withholding
120
51
-
-
total
120
51
-
-
Income
1 200
1 200
1 200
1 200
Total tax
377
323
371
358
After tax
823
877
829
842
Living cost
235
235
235
235
Free-cash
588
642
594
607

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
€781
€617
€833
€821
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
-
-
-
1 200
health
-
-
-
37
income
-
-
-
117
pensions
-
-
-
64
unemployment
-
-
-
-
total
-
-
-
218
Employee

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

233
-
1 101
-
unemployment
1
-
5
-
pensions
35
-
144
-
health
20
-
82
-
income
16
-
92
-
total
72
-
323
-
Employer

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

233
-
1 101
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
943
1 200
-
-
income
85
108
-
-
total
85
108
-
-
Dividends
859
1 092
-
-
withholding
77
98
-
-
total
77
98
-
-
Income
1 200
1 200
1 200
1 200
Total tax
258
206
422
218
After tax
942
994
778
982
Living cost
161
161
161
161
Free-cash
781
833
617
821

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
€476
€340
€528
€382
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
-
-
-
1 200
accident
-
-
-
8
income
-
-
-
257
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
539
Employee
375
-
910
-
unemployment
6
-
14
-
pensions
18
-
43
-
income
72
-
233
-
other
-
-
1
-
total
96
-
291
-
Employer
375
-
910
-
pensions
88
-
215
-
other
3
-
7
-
unemployment
21
-
50
-
accident
7
-
18
-
total
119
-
290
-
Corporate
706
1 200
-
-
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.

106
180
-
-
total
106
180
-
-
Dividends
600
1 020
-
-
withholding
124
213
-
-
total
124
213
-
-
Income
1 200
1 200
1 200
1 200
Total tax
445
393
581
539
After tax
755
807
619
661
Living cost
279
279
279
279
Free-cash
476
528
340
382

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
€725
€746
€729
€749
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
-
-
-
1 200
health
-
-
-
10
income
-
-
-
407
pensions
-
-
-
14
total
-
-
-
431
Employee
30
-
1 184
-
unemployment
-
-
1
-
pensions
3
-
7
-
health
2
-
4
-
income
6
-
406
-
total
11
-
418
-
Employer
30
-
1 184
-
pensions
3
-
8
-
health
3
-
7
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 163
1 200
-
-
income
256
264
-
-
total
256
264
-
-
Dividends
907
936
-
-
withholding
181
187
-
-
total
181
187
-
-
Income
1 200
1 200
1 200
1 200
Total tax
455
451
434
431
After tax
745
749
766
769
Living cost
20
20
20
20
Free-cash
725
729
746
749

Estimated living cost  is €20 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
€642
€482
€692
€484
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.

-
-
-
1 200
health
-
-
-
77
income
-
-
-
258
pensions
-
-
-
195
unemployment
-
-
-
11
total
-
-
-
541
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
-
1 066
-
unemployment
2
-
6
-
pensions
37
-
105
-
health
14
-
39
-
income
36
-
258
-
total
89
-
408
-
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
-
1 066
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
889
1 200
-
-
income
133
180
-
-
total
133
180
-
-
Dividends
755
1 020
-
-
withholding
113
153
-
-
total
113
153
-
-
Income
1 200
1 200
1 200
1 200
Total tax
383
333
543
541
After tax
817
867
657
659
Living cost
175
175
175
175
Free-cash
642
692
482
484

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
€406
€316
€410
€389
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.

-
-
-
1 200
social contributions

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

-
-
-
417
income
-
-
-
121
surtax
-
-
-
-
total
-
-
-
538
Employee
393
-
970
-
social contributions
43
-
107
-
income
77
-
274
-
surtax
-
-
-
-
total
120
-
381
-
Employer
393
-
970
-
social contributions
93
-
230
-
total
93
-
230
-
Corporate
713
1 200
-
-
income
150
252
-
-
surtax
-
-
-
-
total
150
252
-
-
Dividends
564
948
-
-
withholding
158
265
-
-
total
158
265
-
-
Income
1 200
1 200
1 200
1 200
Total tax
521
517
611
538
After tax
679
683
589
662
Living cost
273
273
273
273
Free-cash
406
410
316
389

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
€374
€263
€451
€305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
accident
-
-
-
8
income
-
-
-
257
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
539
Employee
489
-
910
-
unemployment
8
-
14
-
pensions
23
-
43
-
income
102
-
233
-
other
-
-
1
-
total
133
-
291
-
Employer
489
-
910
-
pensions
116
-
215
-
other
4
-
7
-
unemployment
27
-
50
-
accident
10
-
18
-
total
157
-
290
-
Corporate
555
1 200
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

83
180
-
-
total
83
180
-
-
Dividends
471
1 020
-
-
withholding
97
213
-
-
total
97
213
-
-
Income
1 200
1 200
1 200
1 200
Total tax
470
393
581
539
After tax
730
807
619
661
Living cost
356
356
356
356
Free-cash
374
451
263
305

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
€789
€792
€851
€751
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
-
-
-
1 200
health
-
-
-
41
income
-
-
-
180
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
274
Employee
231
-
1 130
-
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
-
health
11
-
16
-
income
23
-
113
-
total
57
-
164
-
Employer
231
-
1 130
-
pensions

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

25
-
39
-
health
16
-
24
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
45
-
69
-
Corporate
923
1 200
-
-
income
92
120
-
-
total
92
120
-
-
Dividends
831
1 080
-
-
withholding
42
54
-
-
total
42
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
236
174
233
274
After tax
964
1 026
967
926
Living cost
175
175
175
175
Free-cash
789
851
792
751

Estimated living cost  is €175 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
€361
€417
€228
€312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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
-
-
-
105
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.

-
-
-
306
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.

-
-
-
17
total
-
-
-
497
Employee

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

504
-
1 200
-
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
-
306
-
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
-
17
-
total
112
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
696
1 200
-
-
income
104
180
-
-
chamber of commerce
3
3
-
-
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
-
-
trade
100
172
-
-
total
213
365
-
-
Dividends
483
835
-
-
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
117
205
-
-
total
123
216
-
-
Income
1 200
1 200
1 200
1 200
Total tax
448
581
392
497
After tax
752
619
808
703
Living cost
391
391
391
391
Free-cash
361
228
417
312

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
€285
€200
€263
€200
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
-
-
-
1 200
social contributions
-
-
-
111
income
-
-
-
312
total
-
-
-
423
Employee
793
-
1 200
-
social contributions
66
-
111
-
income
150
-
312
-
total
216
-
423
-
Employer
793
-
1 200
-
total
-
-
-
-
Corporate
407
1 200
-
-
income
51
150
-
-
total
51
150
-
-
Dividends
356
1 050
-
-
withholding
71
210
-
-
total
71
210
-
-
Income
1 200
1 200
1 200
1 200
Total tax
338
360
423
423
After tax
862
840
777
777
Living cost
577
577
577
577
Free-cash
285
263
200
200

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
€393
€515
€358
€481
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.

-
-
-
1 200
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.

-
-
-
63
total
-
-
-
351
Employee
465
-
1 153
-
social contributions
47
-
47
-
income
50
-
223
-
total
97
-
270
-
Employer
465
-
1 153
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
689
1 200
-
-
income
241
420
-
-
total
241
420
-
-
Dividends
448
780
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 200
1 200
1 200
1 200
Total tax
439
474
317
351
After tax
761
726
883
849
Living cost
368
368
368
368
Free-cash
393
358
515
481

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
€474
€357
€476
€469
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
-
-
-
1 200
income
-
-
-
285
pensions
-
-
-
78
total
-
-
-
363
Employee
505
-
1 053
-
pensions
39
-
100
-
health
7
-
17
-
income
92
-
211
-
total
138
-
328
-
Employer
505
-
1 053
-
pensions
51
-
127
-
health
10
-
20
-
total
61
-
147
-
Corporate
634
1 200
-
-
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.

120
228
-
-
total
120
228
-
-
Dividends
513
972
-
-
withholding
39
128
-
-
total
39
128
-
-
Income
1 200
1 200
1 200
1 200
Total tax
358
356
475
363
After tax
842
844
725
837
Living cost
368
368
368
368
Free-cash
474
476
357
469

Estimated living cost  is €368 per week

€253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€61
€386
-€147
€578
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
-
-
-
1 200
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
306
pensions
-
-
-
43
other
-
-
-
4
total
-
-
-
378
Employee
384
-
1 044
-
pensions
43
-
78
-
health
44
-
120
-
income
53
-
216
-
total
140
-
414
-
Employer
384
-
1 044
-
pensions
62
-
113
-
unemployment
9
-
26
-
accident
6
-
17
-
total
77
-
156
-
Corporate
737
1 200
-
-
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.

664
1 080
-
-
total
664
1 080
-
-
Dividends
74
120
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
895
1 103
570
378
After tax
305
97
630
822
Living cost
244
244
244
244
Free-cash
61
-147
386
578

Estimated living cost  is €244 per week

€179
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

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Skopje , Macedonia
€825
€651
€873
€544
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.

-
-
-
1 200
income
-
-
-
189
health insurance
-
-
-
89
pensions
-
-
-
221
unemployment
-
-
-
14
work injury
-
-
-
6
total
-
-
-
519
Employee

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

219
-
1 200
-
unemployment
3
-
10
-
pensions
40
-
149
-
work injury
1
-
4
-
income
22
-
189
-
health insurance
16
-
60
-
total
82
-
412
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
981
1 200
-
-
income

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

10
12
-
-
total
10
12
-
-
Dividends
971
1 188
-
-
withholding
146
178
-
-
total
146
178
-
-
Income
1 200
1 200
1 200
1 200
Total tax
238
190
412
519
After tax
962
1 010
788
681
Living cost
137
137
137
137
Free-cash
825
873
651
544

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
€182
€131
€228
€185
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
-
-
-
1 200
social contributions
-
-
-
309
municipal
-
-
-
8
regional
-
-
-
26
national
-
-
-
268
total
-
-
-
611
Employee
854
-
1 200
-
regional
13
-
22
-
municipal
5
-
7
-
national
144
-
231
-
social contributions
288
-
405
-
total
450
-
665
-
Employer
854
-
1 200
-
total
-
-
-
-
Corporate
346
1 200
-
-
municipal
17
58
-
-
nationa
83
288
-
-
total
100
346
-
-
Dividends
246
854
-
-
withholding
64
222
-
-
total
64
222
-
-
Income
1 200
1 200
1 200
1 200
Total tax
614
568
665
611
After tax
586
632
535
589
Living cost
404
404
404
404
Free-cash
182
228
131
185

Estimated living cost  is €404 per week

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

Source of data for Rome model

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