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

Valencia , Spain
€340
€382
€528
€476
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
-
-
-
257
accident
-
-
-
8
unemployment
-
-
-
7
pensions
-
-
-
266
other
-
-
-
1
total
-
-
-
539
Employee
375
-
910
-
other
-
-
1
-
income
72
-
233
-
unemployment
6
-
14
-
pensions
18
-
43
-
total
96
-
291
-
Employer
375
-
910
-
unemployment
21
-
50
-
pensions
88
-
215
-
other
3
-
7
-
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
Bratislava , Slovakia
€424
€374
€612
€543
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
-
-
-
158
health
-
-
-
53
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
-
income
63
-
174
-
health
5
-
13
-
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
-
total
98
-
264
-
Employer
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.

63
-
163
-
other
18
-
48
-
accident
3
-
8
-
health
5
-
13
-
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
Varna , Bulgaria
€834
€793
€893
€846
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
-
-
-
180
health
-
-
-
41
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
274
Employee
176
-
1 131
-
income
18
-
113
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
total
43
-
164
-
Employer
176
-
1 131
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
total
34
-
69
-
Corporate
990
1 200
-
-
income
99
120
-
-
total
99
120
-
-
Dividends
891
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.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
€378
€339
€257
€318
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
-
-
-
141
social contributions
-
-
-
34
health
-
-
-
32
surtax
-
-
-
-
pensions
-
-
-
270
other
-
-
-
37
total
-
-
-
514
Employee
434
-
961
-
income
26
-
157
-
social contributions
12
-
27
-
surtax
-
-
-
-
pensions
49
-
53
-
total
87
-
237
-
Employer
434
-
961
-
unemployment
18
-
39
-
social contributions
1
-
3
-
pensions
71
-
91
-
other
15
-
33
-
health
30
-
72
-
total
135
-
238
-
Corporate
631
1 200
-
-
income
177
336
-
-
surtax
-
-
-
-
total
177
336
-
-
Dividends
454
864
-
-
withholding
58
111
-
-
surtax
-
-
-
-
social contributions
78
149
-
-
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
Rotterdam , Netherlands
€213
€262
€160
€98
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
-
-
-
269
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
513
Employee
865
865
1 021
-
income

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

142
142
142
-
health
133
113
122
-
pensions
156
119
119
-
total
431
374
383
-
Employer
865
865
1 021
-
unemployment
31
31
37
-
pensions
60
60
71
-
health
60
60
71
-
total
151
151
179
-
Corporate
194
183
-
-
income
39
37
-
-
total
39
37
-
-
Dividends
155
146
-
-
withholding
23
22
-
-
income
33
31
-
-
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
Dresden , Germany
€501
€386
€299
€411
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
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
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
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
-
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
-
health

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

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

69
-
69
-
surtax

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

1
-
17
-
total
81
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
812
1 200
-
-
chamber of commerce
3
3
-
-
income
122
180
-
-
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
-
-
withholding
134
201
-
-
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
-
-
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.

Larnaca , Cyprus
€594
€607
€642
€588
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
-
-
-
163
social contributions
-
-
-
164
health
-
-
-
31
total
-
-
-
358
Employee
779
779
1 093
-
income
85
72
158
-
social contributions
29
65
87
-
health
6
13
19
-
total
120
150
264
-
Employer
779
779
1 093
-
social contributions
29
65
87
-
health
7
14
20
-
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
Lisbon , Portugal
€271
€344
€365
€354
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
income
-
-
-
121
social contributions

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

-
-
-
417
surtax
-
-
-
-
total
-
-
-
538
Employee
466
-
970
-
income
97
-
274
-
social contributions
51
-
107
-
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
Batumi , Georgia
€887
€1115
€1067
€1054
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
91
-
1 200
-
income
18
-
240
-
total
18
-
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%.

1 109
1 200
-
-
total
-
-
-
-
Dividends
1 109
1 200
-
-
withholding
55
60
-
-
total
55
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
73
60
240
12
After tax
1 127
1 140
960
1 188
Living cost
73
73
73
73
Free-cash
1 054
1 067
887
1 115

Estimated living cost  is €73 per week

€45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€306
€341
€554
€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

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
income
-
-
-
248
health
-
-
-
118
unemployment
-
-
-
2
pensions
-
-
-
219
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
-
income
77
-
231
-
health
29
-
67
-
unemployment
1
-
1
-
pensions
69
-
161
-
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
-
unemployment
-
-
1
-
pensions
40
-
92
-
health
30
-
69
-
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
Sliema , Malta
€515
€478
€358
€393
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.

-
-
-
66
total
-
-
-
354
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
354
After tax
761
726
883
846
Living cost
368
368
368
368
Free-cash
393
358
515
478

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€547
€555
€517
€523
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
-
-
-
180
social contributions
-
-
-
166
health
-
-
-
84
total
-
-
-
430
Employee
344
-
1 200
-
income
57
-
188
-
social contributions
47
-
166
-
health
24
-
84
-
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
-
-
withholding
122
171
-
-
health
57
80
-
-
social contributions
112
157
-
-
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
Prague , Czech Republic
€334
€334
€551
€454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
income
-
-
-
108
social contributions
-
-
-
321
solidarity contribution
-
-
-
-
health
-
-
-
162
total
-
-
-
591
Employee
404
-
896
-
solidarity contribution
-
-
-
-
income
48
-
107
-
social contributions
26
-
58
-
health
55
-
121
-
total
129
-
286
-
Employer
404
-
896
-
social contributions
101
-
224
-
health
36
-
81
-
total
137
-
305
-
Corporate
659
1 200
-
-
income
125
228
-
-
total
125
228
-
-
Dividends
534
972
-
-
withholding
80
146
-
-
total
80
146
-
-
Income
1 200
1 200
1 200
1 200
Total tax
471
374
591
591
After tax
729
826
609
609
Living cost
275
275
275
275
Free-cash
454
551
334
334

Estimated living cost  is €275 per week

€204
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.
€50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€847
€1075
€1027
€1006
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
142
-
1 200
-
income
28
-
240
-
total
28
-
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%.

1 058
1 200
-
-
total
-
-
-
-
Dividends
1 058
1 200
-
-
withholding
53
60
-
-
total
53
60
-
-
Income
1 200
1 200
1 200
1 200
Total tax
81
60
240
12
After tax
1 119
1 140
960
1 188
Living cost
113
113
113
113
Free-cash
1 006
1 027
847
1 075

Estimated living cost  is €113 per week

€77
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.
€28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
€236
€197
€115
€186
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
-
-
-
141
social contributions
-
-
-
34
health
-
-
-
32
surtax
-
-
-
-
pensions
-
-
-
270
other
-
-
-
37
total
-
-
-
514
Employee
635
-
961
-
income
55
-
157
-
social contributions
18
-
27
-
surtax
-
-
-
-
pensions
72
-
53
-
total
145
-
237
-
Employer
635
-
961
-
unemployment
26
-
39
-
social contributions
2
-
3
-
pensions
104
-
91
-
other
22
-
33
-
health
44
-
72
-
total
198
-
238
-
Corporate
367
1 200
-
-
income
103
336
-
-
surtax
-
-
-
-
total
103
336
-
-
Dividends
264
864
-
-
withholding
34
111
-
-
surtax
-
-
-
-
social contributions
45
149
-
-
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
Belgrade , Serbia
€484
€485
€692
€642
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
income
-
-
-
258
health
-
-
-
77
unemployment
-
-
-
11
pensions
-
-
-
194
total
-
-
-
540
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
-
income
36
-
258
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
total
89
-
407
-
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
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
38
-
total
48
-
134
-
Corporate
889
1 200
-
-
income
133
180
-
-
total
133
180
-
-
Dividends
756
1 020
-
-
withholding
113
153
-
-
total
113
153
-
-
Income
1 200
1 200
1 200
1 200
Total tax
383
333
541
540
After tax
817
867
659
660
Living cost
175
175
175
175
Free-cash
642
692
484
485

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
€224
€282
-€158
€143
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
regional
-
-
-
49
national
-
-
-
12
health
-
-
-
3
city
-
-
-
13
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
pensions
-
-
-
110
total
-
-
-
211
Employee
828
-
1 074
-
regional
27
-
42
-
city
9
-
12
-
health
2
-
2
-
unemployment
-
-
-
-
national
4
-
10
-
pensions
70
-
90
-
total
112
-
156
-
Employer
828
-
1 074
-
unemployment
-
-
-
-
pensions
70
-
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.

17
-
21
-
health
2
-
2
-
total
89
-
113
-
Corporate
275
1 200
-
-
regional
58
254
-
-
national
23
102
-
-
total
81
356
-
-
Dividends
194
844
-
-
withholding
68
295
-
-
total
68
295
-
-
Income
1 200
1 200
1 200
1 200
Total tax
350
651
269
211
After tax
850
549
931
989
Living cost
707
707
707
707
Free-cash
143
-158
224
282

Estimated living cost  is €707 per week

€460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
€277
€443
€394
€393
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
municipal
-
-
-
213
national
-
-
-
141
health
-
-
-
14
total
-
-
-
368
Employee
533
-
1 010
-
health
4
-
11
-
unemployment
8
-
15
-
national
9
-
84
-
municipal
87
-
165
-
pensions
36
-
68
-
total
144
-
343
-
Employer
533
-
1 010
-
unemployment
3
-
7
-
pensions
92
-
175
-
accident
1
-
1
-
health
4
-
8
-
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.

Brussels , Belgium
€86
€174
€302
€152
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
national
-
-
-
404
social contributions
-
-
-
192
communal

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

-
-
-
60
total
-
-
-
656
Employee

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

725
-
929
-
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
-
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
-
national
223
-
304
-
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
-
total
355
-
474
-
Employer

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.

11
-
14
-
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
-
surtax
82
-
105
-
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
-
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
-
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
Stockholm , Sweden
€214
€225
€239
€229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
municipal
-
-
-
279
national
-
-
-
15
health
-
-
-
57
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
99
other
-
-
-
106
total
-
-
-
559
Employee
593
-
914
-
national
-
-
11
-
municipal
177
-
272
-
total
177
-
283
-
Employer
593
-
914
-
unemployment
16
-
24
-
pensions
64
-
99
-
other
69
-
106
-
accident
1
-
2
-
health
36
-
56
-
total
186
-
287
-
Corporate
421
1 200
-
-
income
93
264
-
-
total
93
264
-
-
Dividends
329
936
-
-
withholding
99
281
-
-
total
99
281
-
-
Income
1 200
1 200
1 200
1 200
Total tax
555
545
570
559
After tax
645
655
630
641
Living cost
416
416
416
416
Free-cash
229
239
214
225

Estimated living cost  is €416 per week

€276
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
Oslo , Norway
€607
€376
€276
-€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
income
-
-
-
234
social contributions
-
-
-
137
total
-
-
-
371
Employee
650
-
-
-
income
143
-
-
-
social contributions
53
-
8
-
total
196
-
8
-
Employer
650
-
-
-
social contributions
917
-
131
-
total
917
-
131
-
Corporate
-
1 200
-
-
income
-
264
-
-
total
-
264
-
-
Dividends
-
936
-
-
income
-
206
-
-
total
-
206
-
-
Income
1 200
1 200
1 200
1 200
Total tax
1 113
470
139
371
After tax
87
730
1 061
829
Living cost
454
454
454
454
Free-cash
-366
276
607
376

Estimated living cost  is €454 per week

€294
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.
€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.
€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
Limassol , Cyprus
€500
€513
€548
€506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
income
-
-
-
163
social contributions
-
-
-
164
health
-
-
-
31
total
-
-
-
358
Employee
779
779
1 093
-
income
82
72
158
-
social contributions
38
65
87
-
health
8
13
19
-
total
128
150
264
-
Employer
779
779
1 093
-
social contributions
38
65
87
-
health
8
14
20
-
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
Edinburgh , United Kingdom
€357
€469
€476
€473
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
-
income
92
-
211
-
health
7
-
17
-
pensions
39
-
100
-
total
138
-
328
-
Employer
505
-
1 053
-
pensions
51
-
127
-
health
10
-
20
-
total
61
-
147
-
Corporate
635
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.

121
228
-
-
total
121
228
-
-
Dividends
514
972
-
-
withholding
39
128
-
-
total
39
128
-
-
Income
1 200
1 200
1 200
1 200
Total tax
359
356
475
363
After tax
841
844
725
837
Living cost
368
368
368
368
Free-cash
473
476
357
469

Estimated living cost  is €368 per week

€252
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.

Rome , Italy
€131
€185
€228
€182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
municipal
-
-
-
8
regional
-
-
-
26
national
-
-
-
268
social contributions
-
-
-
309
total
-
-
-
611
Employee
854
-
1 200
-
regional
13
-
22
-
social contributions
288
-
405
-
national
144
-
231
-
municipal
5
-
7
-
total
450
-
665
-
Employer
854
-
1 200
-
total
-
-
-
-
Corporate
346
1 200
-
-
nationa
83
288
-
-
municipal
17
58
-
-
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
Gdansk , Poland
€427
€613
-€112
€65
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
-
-
-
312
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
39
other
-
-
-
4
total
-
-
-
378
Employee
328
-
1 052
-
income
45
-
224
-
health
38
-
120
-
pensions
37
-
72
-
total
120
-
416
-
Employer
328
-
1 052
-
unemployment
8
-
26
-
pensions
53
-
104
-
accident
5
-
18
-
total
66
-
148
-
Corporate
805
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.

725
1 080
-
-
total
725
1 080
-
-
Dividends
81
120
-
-
withholding
15
23
-
-
total
15
23
-
-
Income
1 200
1 200
1 200
1 200
Total tax
926
1 103
564
378
After tax
274
97
636
822
Living cost
209
209
209
209
Free-cash
65
-112
427
613

Estimated living cost  is €209 per week

€153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

Additional information

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

Berlin , Germany
€417
€312
€228
€361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 200
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
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
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
-
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
-
health

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

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

69
-
69
-
surtax

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

2
-
17
-
total
112
-
392
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
696
1 200
-
-
chamber of commerce
3
3
-
-
income
104
180
-
-
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
-
-
withholding
117
205
-
-
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
-
-
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.

Riga , Latvia
€464
€427
€749
€665
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
microenterprise
-
-
-
-
income
-
-
-
176
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
surtax
-
-
-
-
total
-
-
-
562
Employee
296
-
967
-
income
53
-
186
-
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
-
surtax
-
-
-
-
total
86
-
292
-
Employer
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.

71
-
233
-
surtax
-
-
-
-
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
Istanbul , Turkey
€561
€571
€617
€595
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
-
-
-
331
health
-
-
-
70
pensions
-
-
-
96
total
-
-
-
497
Employee
201
-
1 091
-
income
39
-
326
-
health
10
-
24
-
unemployment
2
-
5
-
pensions
18
-
43
-
total
69
-
398
-
Employer
201
-
1 091
-
unemployment
4
-
10
-
pensions
22
-
53
-
health
19
-
46
-
total
45
-
109
-
Corporate
953
1 200
-
-
income
210
264
-
-
total
210
264
-
-
Dividends
744
936
-
-
withholding
149
187
-
-
total
149
187
-
-
Income
1 200
1 200
1 200
1 200
Total tax
473
451
507
497
After tax
727
749
693
703
Living cost
132
132
132
132
Free-cash
595
617
561
571

Estimated living cost  is €132 per week

€79
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Athens , Greece
€342
€362
€527
€493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 200
income
-
-
-
250
health
-
-
-
85
unemployment
-
-
-
2
surtax
-
-
-
33
pensions
-
-
-
240
other
-
-
-
-
total
-
-
-
610
Employee
341
-
991
-
other
-
-
-
-
income
57
-
232
-
health
9
-
25
-
unemployment
24
-
69
-
surtax
1
-
30
-
pensions
23
-
66
-
total
114
-
422
-
Employer
341
-
991
-
unemployment
11
-
31
-
pensions
46
-
132
-
other
-
-
-
-
health
16
-
45
-
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
Graz , Austria
€19
€273
€348
€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
-
-
-
1 200
income
-
-
-
227
chamber of commerce
-
-
-
5
health
-
-
-
91
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
604
Employee
443
404
932
-
other
4
4
9
-
income
39
30
199
-
health
17
16
36
-
unemployment
13
12
28
-
pensions
45
41
95
-
total
118
103
367
-
Employer
443
404
932
-
unemployment
13
12
28
-
chamber of commerce
2
2
4
-
pensions
56
51
117
-
payroll
13
12
28
-