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
€ 1250
per

Your estimated
City
free-cash

Dresden , Germany
€529
€324
€406
€436
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.

-
-
-
1 250
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
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.

-
-
-
327
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.

-
-
-
18
trade
-
-
-
123
total
-
-
-
537
Employee

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

388
-
1 250
-
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
-
18
-
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
-
327
-
health

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

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

69
-
69
-
total
81
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
862
1 250
-
-
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
136
197
-
-
income
129
188
-
-
total
275
398
-
-
Dividends
587
852
-
-
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.

8
12
-
-
withholding
143
209
-
-
total
151
221
-
-
Income
1 250
1 250
1 250
1 250
Total tax
507
619
414
537
After tax
743
631
836
713
Living cost
307
307
307
307
Free-cash
436
324
529
406

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
€225
€246
€214
€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
-
-
-
1 250
social contributions
-
-
-
13
pensions
-
-
-
150
national
-
-
-
206
municipal
-
-
-
133
total
-
-
-
502
Employee
827
-
1 081
-
municipal
102
-
137
-
national
158
-
213
-
pensions
33
-
43
-
total
293
-
393
-
Employer
827
-
1 081
-
pensions
66
-
86
-
social contributions
9
-
12
-
total
75
-
98
-
Corporate
293
1 250
-
-
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%.

59
250
-
-
total
59
250
-
-
Dividends
235
1 000
-
-
withholding
52
220
-
-
total
52
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
479
470
491
502
After tax
771
780
759
748
Living cost
534
534
534
534
Free-cash
237
246
225
214

Estimated living cost  is €534 per week

€363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
€490
€789
€145
€705
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.

-
-
-
1 250
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.

-
-
-
388
income
-
-
-
187
surtax
-
-
-
319
microenterprise
-
-
-
-
total
-
-
-
894
Employee
296
-
1 007
-
surtax
-
-
-
-
social contributions

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

33
-
111
-
income
53
-
195
-
total
86
-
306
-
Employer
296
-
1 007
-
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
-
243
-
total
71
-
243
-
Corporate
883
1 250
-
-
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%.

177
250
-
-
total
177
250
-
-
Dividends

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

706
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
334
250
549
894
After tax
916
1 000
701
356
Living cost
211
211
211
211
Free-cash
705
789
490
145

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
€254
€185
€293
€124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
health
-
-
-
125
income
-
-
-
288
pensions
-
-
-
119
total
-
-
-
532
Employee
865
865
1 064
-
income

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

142
142
142
-
pensions
156
119
119
-
health
133
113
124
-
total
431
374
385
-
Employer
865
865
1 064
-
unemployment
31
31
38
-
health
60
60
74
-
pensions
60
60
74
-
total
151
151
186
-
Corporate
244
233
-
-
income
49
47
-
-
total
49
47
-
-
Dividends
195
186
-
-
income
41
40
-
-
withholding
29
28
-
-
total
70
68
-
-
Income
1 250
1 250
1 250
1 250
Total tax
701
640
571
532
After tax
549
610
679
718
Living cost
425
425
425
425
Free-cash
124
185
254
293

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
€239
€265
€249
€256
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
-
-
-
1 250
other
-
-
-
106
health
-
-
-
57
accident
-
-
-
2
pensions
-
-
-
99
national
-
-
-
25
unemployment
-
-
-
1
municipal
-
-
-
294
total
-
-
-
584
Employee
594
-
963
-
municipal
177
-
287
-
national
-
-
20
-
total
177
-
307
-
Employer
594
-
963
-
other
69
-
106
-
unemployment
16
-
24
-
health
37
-
56
-
accident
1
-
2
-
pensions
64
-
99
-
total
187
-
287
-
Corporate
469
1 250
-
-
income
103
275
-
-
total
103
275
-
-
Dividends
366
975
-
-
withholding
110
293
-
-
total
110
293
-
-
Income
1 250
1 250
1 250
1 250
Total tax
577
568
594
584
After tax
673
682
656
666
Living cost
417
417
417
417
Free-cash
256
265
239
249

Estimated living cost  is €417 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

Source of data for Stockholm model

Close
Hamburg , Germany
€438
€227
€310
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
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
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.

-
-
-
327
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.

-
-
-
18
trade
-
-
-
128
total
-
-
-
542
Employee

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

514
-
1 250
-
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
-
18
-
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
-
327
-
health

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

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

69
-
69
-
total
115
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
736
1 250
-
-
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
121
206
-
-
income
110
188
-
-
total
240
407
-
-
Dividends
496
843
-
-
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
120
207
-
-
total
127
218
-
-
Income
1 250
1 250
1 250
1 250
Total tax
482
625
414
542
After tax
768
625
836
708
Living cost
398
398
398
398
Free-cash
370
227
438
310

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
€535
€585
€547
€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
-
-
-
1 250
social contributions
-
-
-
164
health
-
-
-
32
income
-
-
-
178
total
-
-
-
374
Employee
779
779
1 142
-
social contributions
38
65
87
-
income
82
72
172
-
health
8
13
19
-
total
128
150
278
-
Employer
779
779
1 142
-
health
8
14
21
-
social contributions
38
65
87
-
total
46
79
108
-
Corporate
748
392
-
-
income
93
49
-
-
total
93
49
-
-
Dividends
654
343
-
-
withholding
111
58
-
-
total
111
58
-
-
Income
1 250
1 250
1 250
1 250
Total tax
378
336
386
374
After tax
872
914
864
876
Living cost
329
329
329
329
Free-cash
543
585
535
547

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
€538
€517
€679
€520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
health
-
-
-
88
income
-
-
-
153
pensions
-
-
-
125
unemployment
-
-
-
19
total
-
-
-
385
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.

268
107
1 046
-
income
33
13
128
-
pensions
27
11
105
-
health
19
7
73
-
unemployment
4
2
16
-
total
83
33
322
-
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.

268
107
1 046
-
pensions
52
21
204
-
total
52
21
204
-
Corporate
930
1 122
-
-
income
84
101
-
-
total
84
101
-
-
Dividends
846
1 021
-
-
social contributions
164
198
-
-
withholding
161
194
-
-
total
325
392
-
-
Income
1 250
1 250
1 250
1 250
Total tax
544
547
526
385
After tax
706
703
724
865
Living cost
186
186
186
186
Free-cash
520
517
538
679

Estimated living cost  is €186 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
€476
€755
€425
€692
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
-
-
-
1 250
health
-
-
-
162
income
-
-
-
168
pensions
-
-
-
250
total
-
-
-
580
Employee
287
-
934
-
income
32
-
180
-
pensions
6
-
19
-
unemployment
5
-
15
-
total
43
-
214
-
Employer
287
-
934
-
unemployment
2
-
7
-
health
37
-
121
-
pensions
58
-
187
-
total
97
-
315
-
Corporate
865
1 250
-
-
income
173
250
-
-
total
173
250
-
-
Dividends
692
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
313
250
529
580
After tax
937
1 000
721
670
Living cost
245
245
245
245
Free-cash
692
755
476
425

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
€438
-€122
€633
€67
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
323
pensions
-
-
-
42
total
-
-
-
394
Employee
351
-
1 093
-
income
48
-
230
-
pensions
40
-
77
-
health
40
-
125
-
total
128
-
432
-
Employer
351
-
1 093
-
unemployment
9
-
27
-
accident
6
-
18
-
pensions
57
-
112
-
total
72
-
157
-
Corporate
827
1 250
-
-
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.

744
1 125
-
-
total
744
1 125
-
-
Dividends
83
125
-
-
withholding
16
24
-
-
total
16
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
960
1 149
589
394
After tax
290
101
661
856
Living cost
223
223
223
223
Free-cash
67
-122
438
633

Estimated living cost  is €223 per week

€164
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
€915
€1102
€1152
€1087
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%.

-
-
-
1 250
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
106
-
1 250
-
income
21
-
250
-
total
21
-
250
-
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%.

1 144
1 250
-
-
total
-
-
-
-
Dividends
1 144
1 250
-
-
withholding
57
63
-
-
total
57
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
78
63
250
13
After tax
1 172
1 187
1 000
1 237
Living cost
85
85
85
85
Free-cash
1 087
1 102
915
1 152

Estimated living cost  is €85 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
€451
€649
€400
€579
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
-
-
-
1 250
other
-
-
-
59
health
-
-
-
55
income
-
-
-
166
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.

-
-
-
300
total
-
-
-
580
Employee
368
-
998
-
income
63
-
183
-
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
-
70
-
health
5
-
14
-
unemployment
4
-
10
-
total
98
-
277
-
Employer
368
-
998
-
other
18
-
50
-
unemployment
4
-
10
-
health
5
-
14
-
accident
3
-
8
-
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
-
170
-
total
93
-
252
-
Corporate
789
1 250
-
-
income
166
262
-
-
total
166
262
-
-
Dividends
624
988
-
-
withholding
44
69
-
-
total
44
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
401
331
529
580
After tax
849
919
721
670
Living cost
270
270
270
270
Free-cash
579
649
451
400

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
€79
€200
€195
€124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
301
pensions
-
-
-
80
total
-
-
-
381
Employee
954
-
1 097
-
income
172
-
224
-
health
16
-
18
-
pensions
92
-
102
-
total
280
-
344
-
Employer
954
-
1 097
-
health
18
-
21
-
pensions
113
-
132
-
total
131
-
153
-
Corporate
166
1 250
-
-
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.

31
238
-
-
total
31
238
-
-
Dividends
134
1 012
-
-
withholding
10
138
-
-
total
10
138
-
-
Income
1 250
1 250
1 250
1 250
Total tax
452
376
497
381
After tax
798
874
753
869
Living cost
674
674
674
674
Free-cash
124
200
79
195

Estimated living cost  is €674 per week

€505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
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.
€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

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
€880
€937
€838
€891
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
-
-
-
1 250
health
-
-
-
40
income
-
-
-
187
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
280
Employee
174
-
1 181
-
income
17
-
118
-
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
-
total
42
-
169
-
Employer
174
-
1 181
-
unemployment
1
-
2
-
health
12
-
24
-
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.

19
-
39
-
total
34
-
69
-
Corporate
1 041
1 250
-
-
income
104
125
-
-
total
104
125
-
-
Dividends
937
1 125
-
-
withholding
47
56
-
-
total
47
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
227
181
238
280
After tax
1 023
1 069
1 012
970
Living cost
132
132
132
132
Free-cash
891
937
880
838

Estimated living cost  is €132 per week

€77
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.
€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.
€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
€117
€48
€156
€74
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
-
-
-
1 250
health
-
-
-
125
income
-
-
-
288
pensions
-
-
-
119
total
-
-
-
532
Employee
940
865
1 064
-
income

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

142
142
142
-
pensions
119
119
119
-
health
117
113
124
-
total
378
374
385
-
Employer
940
865
1 064
-
unemployment
34
31
38
-
health
65
60
74
-
pensions
65
60
74
-
total
164
151
186
-
Corporate
146
233
-
-
income
29
47
-
-
total
29
47
-
-
Dividends
117
186
-
-
income
25
40
-
-
withholding
18
28
-
-
total
43
68
-
-
Income
1 250
1 250
1 250
1 250
Total tax
614
640
571
532
After tax
636
610
679
718
Living cost
562
562
562
562
Free-cash
74
48
117
156

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
€385
€611
€366
€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
-
-
-
1 250
social contributions
-
-
-
358
health
-
-
-
169
income
-
-
-
108
solidarity contribution
-
-
-
-
total
-
-
-
635
Employee
366
-
933
-
social contributions
24
-
61
-
solidarity contribution
-
-
-
-
income
44
-
112
-
health
49
-
126
-
total
117
-
299
-
Employer
366
-
933
-
health
33
-
84
-
social contributions
92
-
233
-
total
125
-
317
-
Corporate
759
1 250
-
-
income
144
238
-
-
total
144
238
-
-
Dividends
615
1 012
-
-
withholding
92
152
-
-
total
92
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
478
390
616
635
After tax
772
860
634
615
Living cost
249
249
249
249
Free-cash
523
611
385
366

Estimated living cost  is €249 per week

€173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€137
€239
€197
€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
-
-
-
1 250
social contributions
-
-
-
322
national
-
-
-
282
regional
-
-
-
14
municipal
-
-
-
7
total
-
-
-
625
Employee
901
-
1 250
-
social contributions
304
-
422
-
municipal
5
-
7
-
national
156
-
244
-
regional
8
-
12
-
total
473
-
685
-
Employer
901
-
1 250
-
total
-
-
-
-
Corporate
349
1 250
-
-
nationa
84
300
-
-
municipal
14
49
-
-
total
98
349
-
-
Dividends
252
901
-
-
withholding
65
234
-
-
total
65
234
-
-
Income
1 250
1 250
1 250
1 250
Total tax
636
583
685
625
After tax
614
667
565
625
Living cost
428
428
428
428
Free-cash
186
239
137
197

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
€361
€562
€382
€530
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
-
-
-
1 250
other
-
-
-
-
health
-
-
-
89
income
-
-
-
267
pensions
-
-
-
250
surtax
-
-
-
36
unemployment
-
-
-
2
total
-
-
-
644
Employee
335
-
1 033
-
surtax
1
-
33
-
income
56
-
247
-
other
-
-
-
-
pensions
22
-
69
-
health
9
-
26
-
unemployment
23
-
72
-
total
111
-
447
-
Employer
335
-
1 033
-
other
-
-
-
-
unemployment
11
-
33
-
health
15
-
47
-
pensions
45
-
138
-
total
71
-
218
-
Corporate
844
1 250
-
-
income
220
325
-
-
total
220
325
-
-
Dividends
625
925
-
-
withholding
94
139
-
-
total
94
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
496
464
665
644
After tax
754
786
585
606
Living cost
224
224
224
224
Free-cash
530
562
361
382

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
€293
€414
€409
€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
-
-
-
1 250
income
-
-
-
301
pensions
-
-
-
80
total
-
-
-
381
Employee
639
-
1 097
-
income
115
-
224
-
health
9
-
18
-
pensions
54
-
102
-
total
178
-
344
-
Employer
639
-
1 097
-
health
12
-
21
-
pensions
69
-
132
-
total
81
-
153
-
Corporate
530
1 250
-
-
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.

101
238
-
-
total
101
238
-
-
Dividends
429
1 012
-
-
withholding
32
138
-
-
total
32
138
-
-
Income
1 250
1 250
1 250
1 250
Total tax
392
376
497
381
After tax
858
874
753
869
Living cost
460
460
460
460
Free-cash
398
414
293
409

Estimated living cost  is €460 per week

€345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€157
-€244
€219
€105
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
-
-
-
1 250
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.

-
-
-
25
health
-
-
-
3
pensions
-
-
-
115
city
-
-
-
13
national
-
-
-
11
regional
-
-
-
48
total
-
-
-
215
Employee
955
-
1 119
-
national
5
-
8
-
city
10
-
12
-
pensions
80
-
94
-
health
2
-
3
-
regional
31
-
41
-
unemployment
-
-
-
-
total
128
-
158
-
Employer
955
-
1 119
-
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
-
22
-
unemployment
-
-
-
-
health
2
-
3
-
pensions
80
-
94
-
total
101
-
119
-
Corporate
183
1 250
-
-
regional
39
264
-
-
national
16
106
-
-
total
55
370
-
-
Dividends
129
879
-
-
withholding
45
308
-
-
total
45
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
329
678
277
215
After tax
921
572
973
1 035
Living cost
816
816
816
816
Free-cash
105
-244
157
219

Estimated living cost  is €816 per week

€530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
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.
€202
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
€372
€155
€238
€319
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.

-
-
-
1 250
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
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.

-
-
-
327
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.

-
-
-
18
trade
-
-
-
134
total
-
-
-
548
Employee

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

609
-
1 250
-
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
-
18
-
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
-
327
-
health

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

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

69
-
69
-
total
145
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
641
1 250
-
-
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
110
214
-
-
income
96
188
-
-
total
213
415
-
-
Dividends
427
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
103
205
-
-
total
109
216
-
-
Income
1 250
1 250
1 250
1 250
Total tax
467
631
414
548
After tax
783
619
836
702
Living cost
464
464
464
464
Free-cash
319
155
372
238

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
€402
€283
€365
€343
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
-
-
-
1 250
other
-
-
-
39
social contributions
-
-
-
36
health
-
-
-
36
income
-
-
-
153
pensions
-
-
-
274
surtax
-
-
-
-
total
-
-
-
538
Employee
434
-
998
-
surtax
-
-
-
-
social contributions
12
-
28
-
income
26
-
166
-
pensions
49
-
56
-
total
87
-
250
-
Employer
434
-
998
-
other
15
-
34
-
unemployment
18
-
40
-
health
30
-
77
-
pensions
71
-
97
-
social contributions
1
-
3
-
total
135
-
251
-
Corporate
681
1 250
-
-
surtax
-
-
-
-
income
191
350
-
-
total
191
350
-
-
Dividends
490
900
-
-
social contributions
84
155
-
-
surtax
-
-
-
-
withholding
63
115
-
-
total
147
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
560
620
501
538
After tax
690
630
749
712
Living cost
347
347
347
347
Free-cash
343
283
402
365

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
€437
€318
€400
€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
-
-
-
1 250
other
-
-
-
39
social contributions
-
-
-
36
health
-
-
-
36
income
-
-
-
153
pensions
-
-
-
274
surtax
-
-
-
-
total
-
-
-
538
Employee
387
-
998
-
surtax
-
-
-
-
social contributions
11
-
28
-
income
20
-
166
-
pensions
44
-
56
-
total
75
-
250
-
Employer
387
-
998
-
other
13
-
34
-
unemployment
16
-
40
-
health
27
-
77
-
pensions
64
-
97
-
social contributions
1
-
3
-
total
121
-
251
-
Corporate
742
1 250
-
-
surtax
-
-
-
-
income
208
350
-
-
total
208
350
-
-
Dividends
534
900
-
-
social contributions
92
155
-
-
surtax
-
-
-
-
withholding
68
115
-
-
total
160
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
564
620
501
538
After tax
686
630
749
712
Living cost
312
312
312
312
Free-cash
374
318
437
400

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
€578
€548
€588
€554
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
-
-
-
1 250
social contributions
-
-
-
172
health
-
-
-
87
income
-
-
-
188
total
-
-
-
447
Employee
344
-
1 250
-
social contributions
47
-
172
-
income
57
-
198
-
health
24
-
87
-
total
128
-
457
-
Employer
344
-
1 250
-
total
-
-
-
-
Corporate
906
1 250
-
-
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%.

45
62
-
-
total
45
62
-
-
Dividends
861
1 188
-
-
social contributions
119
164
-
-
withholding
129
178
-
-
health
60
83
-
-
total
308
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
481
487
457
447
After tax
769
763
793
803
Living cost
215
215
215
215
Free-cash
554
548
578
588

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
-€10
€340
€266
€323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
health
-
-
-
91
income
-
-
-
248
chamber of commerce
-
-
-
5
pensions
-
-
-
219
surtax
-
-
-
2
unemployment
-
-
-
62
total
-
-
-
627
Employee
506
404
969
-
income
58
30
212
-
other
5
4
10
-
pensions
52
41
99
-
health
20
16
38
-
unemployment
15
12
29
-
total
150
103
388
-
Employer
506
404
969
-
other
24
19
46
-
unemployment
15
12
29
-
health
19
15
37
-
surtax
2
2
2
-
accident
7
5
13
-
pensions
64
51
122
-
payroll
15
12
29
-
chamber of commerce
2
2
4
-
total
148
118
282
-
Corporate
596
728
931
-
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.

149
182
233
-
total
149
182
233
-
Dividends
447
546
-
-
withholding
123
150
-
-
total
123
150
-
-
Income
1 250
1 250
1 250
1 250
Total tax
570
553
903
627
After tax
680
697
347
623
Living cost
357
357
357
357
Free-cash
323
340
-10
266

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
€100
€330
€192
€180
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
-
-
-
1 250
social contributions
-
-
-
199
communal

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

-
-
-
63
national
-
-
-
426
total
-
-
-
688
Employee

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

725
-
968
-
national
223
-
321
-
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
-
73
-
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
-
46
-
communal

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

38
-
50
-
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
-
total
355
-
498
-
Employer

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

725
-
968
-
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
-
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
-
60
-
surtax
82
-
110
-
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
-
13
-
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
-
86
-
total
211
-
283
-
Corporate
314
1 250
-
-
surtax
1
5
-
-
income
63
250
-
-
total
64
255
-
-
Dividends
250
995
-
-
withholding

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

71
295
-
-
total
71
295
-
-
Income
1 250
1 250
1 250
1 250
Total tax
701
550
781
688
After tax
549
700
469
562
Living cost
370
370
370
370
Free-cash
180
330
100
192

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
€276
€473
€326
€395
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
-
-
-
1 250
other
-
-
-
1
accident
-
-
-
8
income
-
-
-
276
pensions
-
-
-
266
unemployment
-
-
-
7
total
-
-
-
558
Employee
504
-
951
-
income
106
-
247
-
other
-
-
1
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
307
-
Employer
504
-
951
-
other
4
-
8
-
unemployment
28
-
52
-
accident
10
-
19
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
585
1 250
-
-
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.

88
188
-
-
total
88
188
-
-
Dividends
497
1 062
-
-
withholding
102
223
-
-
total
102
223
-
-
Income
1 250
1 250
1 250
1 250
Total tax
489
411
608
558
After tax
761
839
642
692
Living cost
366
366
366
366
Free-cash
395
473
276
326

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
€178
€204
€127
€110
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
-
-
-
1 250
health
-
-
-
88
accident
-
-
-
11
income
-
-
-
145
pensions
-
-
-
187
communal
-
-
-
79
surtax
-
-
-
62
total
-
-
-
572
Employee
767
-
1 117
-
surtax
47
-
68
-
income
74
-
181
-
pensions
61
-
89
-
health
34
-
50
-
total
216
-
388
-
Employer
767
-
1 117
-
health
23
-
34
-
accident
7
-
10
-
pensions
61
-
89
-
total
91
-
133
-
Corporate
391
1 250
-
-
surtax
4
13
-
-
income
59
188
-
-
communal
26
84
-
-
total
89
285
-
-
Dividends
302
965
-
-
income
148
65
-
-
withholding
45
145
-
-
total
193
210
-
-
Income
1 250
1 250
1 250
1 250
Total tax
589
495
521
572
After tax
661
755
729
678
Living cost
551
551
551
551
Free-cash
110
204
178
127

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
€357
€558
€378
€524
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
-
-
-
1 250
other
-
-
-
-
health
-
-
-
89
income
-
-
-
267
pensions
-
-
-
250
surtax
-
-
-
36
unemployment
-
-
-
2
total
-
-
-
644
Employee
341
-
1 033
-
surtax
1
-
33
-
income
57
-
247
-
other
-
-
-
-
pensions
23
-
69
-
health
9
-
26
-
unemployment
24
-
72
-
total
114
-
447
-
Employer
341
-
1 033
-
other
-
-
-
-
unemployment
11
-
33
-
health
16
-
47
-
pensions
46
-
138
-
total
73
-
218
-
Corporate
837
1 250
-
-
income
218
325
-
-
total
218
325
-
-
Dividends
619
925
-
-
withholding
93
139
-
-
total
93
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
498
464
665
644
After tax
752
786
585
606
Living cost
228
228
228
228
Free-cash
524
558
357
378

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
€287
€384
€347
€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
-
-
-
1 250
social contributions
-
-
-
322
national
-
-
-
282
regional
-
-
-
19
municipal
-
-
-
7
total
-
-
-
630
Employee
562
-
1 250
-
social contributions
190
-
422
-
municipal
3
-
7
-
national
89
-
244
-
regional
8
-
17
-
total
290
-
690
-
Employer
562
-
1 250
-
total
-
-
-
-
Corporate
688
1 250
-
-
nationa
165
300
-
-
municipal
34
62
-
-
total
199
362
-
-
Dividends
489
888
-
-
withholding
127
231
-
-
total
127
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
616
593
690
630
After tax
634
657
560
620
Living cost
273
273
273
273
Free-cash
361
384
287
347

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
€327
€553
€308
€444
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
-
-
-
1 250
social contributions
-
-
-
358
health
-
-
-
169
income
-
-
-
108
solidarity contribution
-
-
-
-
total
-
-
-
635
Employee
451
-
933
-
social contributions
29
-
61
-
solidarity contribution
-
-
-
-
income
54
-
112
-
health
61
-
126
-
total
144
-
299
-
Employer
451
-
933
-
health
41
-
84
-
social contributions
113
-
233
-
total
154
-
317
-
Corporate
645
1 250
-
-
income
123
238
-
-
total
123
238
-
-
Dividends
523
1 012
-
-
withholding
78
152
-
-
total
78
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
499
390
616
635
After tax
751
860
634
615
Living cost
307
307
307
307
Free-cash
444
553
327
308

Estimated living cost  is €307 per week

€228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€25
€375
€302
€371
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
-
-
-
1 250
health
-
-
-
91
income
-
-
-
248
chamber of commerce
-
-
-
5
pensions
-
-
-
219
surtax
-
-
-
-
unemployment
-
-
-
62
total
-
-
-
625
Employee
443
404
971
-
income
39
30
213
-
other
4
4
10
-
pensions
45
41
99
-
health
17
16
38
-
unemployment
13
12
29
-
total
118
103
389
-
Employer
443
404
971
-
other
21
19
46
-
unemployment
13
12
29
-
health
17
15
37
-
surtax
-
-
-
-
accident
6
5
13
-
pensions
56
51
122
-
payroll
13
12
29
-
chamber of commerce
2
2
4
-
total
128
116
280
-
Corporate
680
730
932
-
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.

170
182
233
-
total
170
182
233
-
Dividends
510
547
-
-
withholding
140
151
-
-
total
140
151
-
-
Income
1 250
1 250
1 250
1 250
Total tax
556
552
902
625
After tax
694
698
348
625
Living cost
323
323
323
323
Free-cash
371
375
25
302

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
€868
€1055
€1105
€1031
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%.

-
-
-
1 250
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
13
total
-
-
-
13
Employee
165
-
1 250
-
income
33
-
250
-
total
33
-
250
-
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%.

1 085
1 250
-
-
total
-
-
-
-
Dividends
1 085
1 250
-
-
withholding
54
63
-
-
total
54
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
87
63
250
13
After tax
1 163
1 187
1 000
1 237
Living cost
132
132
132
132
Free-cash
1 031
1 055
868
1 105

Estimated living cost  is €132 per week

€89
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.
€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.
€33
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
€327
€588
€365
€504
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.

-
-
-
1 250
health
-
-
-
123
income
-
-
-
260
pensions
-
-
-
228
unemployment
-
-
-
2
total
-
-
-
613
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
-
1 082
-
income
77
-
242
-
pensions
69
-
168
-
health
29
-
70
-
unemployment
1
-
2
-
total
176
-
482
-
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
-
1 082
-
unemployment
-
-
1
-
health
30
-
72
-
pensions
40
-
96
-
total
70
-
169
-
Corporate
732
1 250
-
-
income
139
238
-
-
total
139
238
-
-
Dividends
593
1 012
-
-
withholding
89
152
-
-
total
89
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
474
390
651
613
After tax
776
860
599
637
Living cost
272
272
272
272
Free-cash
504
588
327
365

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
€651
€301
€405
-€336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
social contributions
-
-
-
142
income
-
-
-
244
total
-
-
-
386
Employee
658
-
-
-
social contributions
54
-
8
-
income
145
-
-
-
total
199
-
8
-
Employer
658
-
-
-
social contributions
928
-
132
-
total
928
-
132
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 127
490
140
386
After tax
123
760
1 110
864
Living cost
459
459
459
459
Free-cash
-336
301
651
405

Estimated living cost  is €459 per week

€298
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.
€112
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
€291
€394
€370
€383
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.

-
-
-
1 250
social contributions

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

-
-
-
434
income
-
-
-
128
surtax
-
-
-
-
total
-
-
-
562
Employee
466
-
1 010
-
surtax
-
-
-
-
social contributions
51
-
111
-
income
97
-
290
-
total
148
-
401
-
Employer
466
-
1 010
-
social contributions
111
-
240
-
total
111
-
240
-
Corporate
673
1 250
-
-
surtax
-
-
-
-
income
141
262
-
-
total
141
262
-
-
Dividends
532
988
-
-
withholding
149
276
-
-
total
149
276
-
-
Income
1 250
1 250
1 250
1 250
Total tax
549
538
641
562
After tax
701
712
609
688
Living cost
318
318
318
318
Free-cash
383
394
291
370

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
€260
€141
€223
€211
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
-
-
-
1 250
other
-
-
-
39
social contributions
-
-
-
36
health
-
-
-
36
income
-
-
-
153
pensions
-
-
-
274
surtax
-
-
-
-
total
-
-
-
538
Employee
635
-
998
-
surtax
-
-
-
-
social contributions
18
-
28
-
income
55
-
166
-
pensions
72
-
56
-
total
145
-
250
-
Employer
635
-
998
-
other
22
-
34
-
unemployment
26
-
40
-
health
44
-
77
-
pensions
104
-
97
-
social contributions
2
-
3
-
total
198
-
251
-
Corporate
417
1 250
-
-
surtax
-
-
-
-
income
117
350
-
-
total
117
350
-
-
Dividends
300
900
-
-
social contributions
52
155
-
-
surtax
-
-
-
-
withholding
38
115
-
-
total
90
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
550
620
501
538
After tax
700
630
749
712
Living cost
489
489
489
489
Free-cash
211
141
260
223

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
€667
€820
€634
€787
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
-
-
-
1 250
income
-
-
-
36
social contributions
-
-
-
275
total
-
-
-
311
Employee
326
-
1 082
-
income
-
-
40
-
social contributions
21
-
70
-
total
21
-
110
-
Employer
326
-
1 082
-
social contributions
50
-
168
-
total
50
-
168
-
Corporate
874
1 250
-
-
income
87
125
-
-
total
87
125
-
-
Dividends
786
1 125
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
158
125
278
311
After tax
1 092
1 125
972
939
Living cost
305
305
305
305
Free-cash
787
820
667
634

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
-€948
-€948
€275
-€948
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
-
-
-
1 250
labour market
-
-
-
99
pensions
-
-
-
9
national
-
-
-
136
municipal
-
-
-
245
total
-
-
-
489
Employee
2 050
2 050
2 050
-
labour market
164
164
164
-
municipal
437
437
437
-
national
250
250
250
-
pensions
3
3
3
-
total
854
854
854
-
Employer
2 050
2 050
2 050
-
national
251
251
251
-
labour market
164
164
164
-
pensions
6
6
6
-
municipal
437
437
437
-
total
858
858
858
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 712
1 712
1 712
489
After tax
-462
-462
-462
761
Living cost
486
486
486
486
Free-cash
-948
-948
-948
275

Estimated living cost  is €486 per week

€332
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
€441
-€119
€636
€68
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
-
-
-
1 250
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
323
pensions
-
-
-
42
total
-
-
-
394
Employee
346
-
1 093
-
income
47
-
230
-
pensions
39
-
77
-
health
40
-
125
-
total
126
-
432
-
Employer
346
-
1 093
-
unemployment
8
-
27
-
accident
6
-
18
-
pensions
56
-
112
-
total
70
-
157
-
Corporate
833
1 250
-
-
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.

750
1 125
-
-
total
750
1 125
-
-
Dividends
83
125
-
-
withholding
16
24
-
-
total
16
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
962
1 149
589
394
After tax
288
101
661
856
Living cost
220
220
220
220
Free-cash
68
-119
441
636

Estimated living cost  is €220 per week

€160
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.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€300
€424
€472
€425
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

-
-
-
1 250
health
-
-
-
15
national
-
-
-
152
municipal
-
-
-
222
total
-
-
-
389
Employee
533
-
1 052
-
municipal
87
-
172
-
national
9
-
92
-
pensions
36
-
71
-
health
4
-
12
-
unemployment
8
-
16
-
total
144
-
363
-
Employer
533
-
1 052
-
unemployment
3
-
7
-
health
4
-
8
-
accident
1
-
1
-
pensions
92
-
182
-
total
100
-
198
-
Corporate
616
1 250
-
-
income
123
250
-
-
total
123
250
-
-
Dividends

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

370
750
-
-
national
2
52
-
-
municipal
67
135
-
-
total
69
187
-
-
Income
1 250
1 250
1 250
1 250
Total tax
436
437
561
389
After tax
814
813
689
861
Living cost
389
389
389
389
Free-cash
425
424
300
472

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
€629
€679
€641
€624
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
-
-
-
1 250
social contributions
-
-
-
164
health
-
-
-
32
income
-
-
-
178
total
-
-
-
374
Employee
779
779
1 142
-
social contributions
29
65
87
-
income
85
72
172
-
health
6
13
19
-
total
120
150
278
-
Employer
779
779
1 142
-
health
7
14
21
-
social contributions
29
65
87
-
total
36
79
108
-
Corporate
859
392
-
-
income
107
49
-
-
total
107
49
-
-
Dividends
752
343
-
-
withholding
128
58
-
-
total
128
58
-
-
Income
1 250
1 250
1 250
1 250
Total tax
391
336
386
374
After tax
859
914
864
876
Living cost
235
235
235
235
Free-cash
624
679
629
641

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
€661
€875
€865
€823
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
-
-
-
1 250
health
-
-
-
37
income
-
-
-
123
pensions
-
-
-
64
unemployment
-
-
-
-
total
-
-
-
224
Employee

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

233
-
1 151
-
income
16
-
98
-
pensions
35
-
144
-
health
20
-
82
-
unemployment
1
-
5
-
total
72
-
329
-
Employer

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

233
-
1 151
-
unemployment
1
-
5
-
health
10
-
41
-
pensions
13
-
53
-
total
24
-
99
-
Corporate
993
1 250
-
-
income
89
112
-
-
total
89
112
-
-
Dividends
904
1 138
-
-
withholding
81
102
-
-
total
81
102
-
-
Income
1 250
1 250
1 250
1 250
Total tax
266
214
428
224
After tax
984
1 036
822
1 026
Living cost
161
161
161
161
Free-cash
823
875
661
865

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
€363
€560
€413
€510
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
-
-
-
1 250
other
-
-
-
1
accident
-
-
-
8
income
-
-
-
276
pensions
-
-
-
266
unemployment
-
-
-
7
total
-
-
-
558
Employee
375
-
951
-
income
72
-
247
-
other
-
-
1
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
307
-
Employer
375
-
951
-
other
3
-
8
-
unemployment
21
-
52
-
accident
7
-
19
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
756
1 250
-
-
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.

113
188
-
-
total
113
188
-
-
Dividends
642
1 062
-
-
withholding
133
223
-
-
total
133
223
-
-
Income
1 250
1 250
1 250
1 250
Total tax
461
411
608
558
After tax
789
839
642
692
Living cost
279
279
279
279
Free-cash
510
560
363
413

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
€781
€761
€782
€757
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
-
-
-
1 250
health
-
-
-
10
income
-
-
-
425
pensions
-
-
-
14
total
-
-
-
449
Employee
29
-
1 235
-
income
6
-
424
-
pensions
3
-
6
-
health
1
-
3
-
unemployment
-
-
1
-
total
10
-
434
-
Employer
29
-
1 235
-
unemployment
1
-
1
-
health
3
-
7
-
pensions
3
-
8
-
total
7
-
16
-
Corporate
1 215
1 250
-
-
income
267
275
-
-
total
267
275
-
-
Dividends
948
975
-
-
withholding
190
195
-
-
total
190
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
474
470
450
449
After tax
776
780
800
801
Living cost
19
19
19
19
Free-cash
757
761
781
782

Estimated living cost  is €19 per week

€11
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
€522
€729
€523
€677
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.

-
-
-
1 250
health
-
-
-
77
income
-
-
-
270
pensions
-
-
-
194
unemployment
-
-
-
11
total
-
-
-
552
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
-
1 116
-
income
36
-
270
-
pensions
37
-
105
-
health
14
-
38
-
unemployment
2
-
6
-
total
89
-
419
-
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
-
1 116
-
unemployment
2
-
6
-
health
14
-
38
-
pensions
32
-
90
-
total
48
-
134
-
Corporate
939
1 250
-
-
income
141
187
-
-
total
141
187
-
-
Dividends
798
1 063
-
-
withholding
120
159
-
-
total
120
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
398
346
553
552
After tax
852
904
697
698
Living cost
175
175
175
175
Free-cash
677
729
522
523

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
€336
€439
€415
€435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 250
social contributions

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

-
-
-
434
income
-
-
-
128
surtax
-
-
-
-
total
-
-
-
562
Employee
393
-
1 010
-
surtax
-
-
-
-
social contributions
43
-
111
-
income
77
-
290
-
total
120
-
401
-
Employer
393
-
1 010
-
social contributions
93
-
240
-
total
93
-
240
-
Corporate
763
1 250
-
-
surtax
-
-
-
-
income
160
262
-
-
total
160
262
-
-
Dividends
603
988
-
-
withholding
169
276
-
-
total
169
276
-
-
Income
1 250
1 250
1 250
1 250
Total tax
542
538
641
562
After tax
708
712
609
688
Living cost
273
273
273
273
Free-cash
435
439
336
415

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
€286
€483
€336
€407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
other
-
-
-
1
accident
-
-
-
8
income
-
-
-
276
pensions
-
-
-
266
unemployment
-
-
-
7
total
-
-
-
558
Employee
489
-
951
-
income
102
-
247
-
other
-
-
1
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
307
-
Employer
489
-
951
-
other
4
-
8
-
unemployment
27
-
52
-
accident
10
-
19
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
605
1 250
-
-
income

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

91
188
-
-
total
91
188
-
-
Dividends
514
1 062
-
-
withholding
106
223
-
-
total
106
223
-
-
Income
1 250
1 250
1 250
1 250
Total tax
487
411
608
558
After tax
763
839
642
692
Living cost
356
356
356
356
Free-cash
407
483
286
336

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
€839
€896
€797
€833
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
-
-
-
1 250
health
-
-
-
40
income
-
-
-
187
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
280
Employee
229
-
1 181
-
income
23
-
118
-
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
-
total
57
-
169
-
Employer
229
-
1 181
-
unemployment
1
-
2
-
health
16
-
24
-
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.

25
-
39
-
total
45
-
69
-
Corporate
976
1 250
-
-
income
98
125
-
-
total
98
125
-
-
Dividends
879
1 125
-
-
withholding
44
56
-
-
total
44
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
244
181
238
280
After tax
1 006
1 069
1 012
970
Living cost
173
173
173
173
Free-cash
833
896
839
797

Estimated living cost  is €173 per week

€114
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.
€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

Source of data for Sofia model

Close
Berlin , Germany
€445
€253
€333
€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.

-
-
-
1 250
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
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.

-
-
-
327
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.

-
-
-
18
trade
-
-
-
112
total
-
-
-
526
Employee

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

504
-
1 250
-
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
-
18
-
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
-
327
-
health

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

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

69
-
69
-
total
112
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
746
1 250
-
-
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
107
179
-
-
income
112
188
-
-
total
228
380
-
-
Dividends
518
869
-
-
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
12
-
-
withholding
126
214
-
-
total
133
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
473
606
414
526
After tax
777
644
836
724
Living cost
391
391
391
391
Free-cash
386
253
445
333

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
€225
€298
€225
€320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
332
social contributions
-
-
-
116
total
-
-
-
448
Employee
793
-
1 250
-
income
150
-
332
-
social contributions
66
-
116
-
total
216
-
448
-
Employer
793
-
1 250
-
total
-
-
-
-
Corporate
457
1 250
-
-
income
57
156
-
-
total
57
156
-
-
Dividends
400
1 094
-
-
withholding
80
219
-
-
total
80
219
-
-
Income
1 250
1 250
1 250
1 250
Total tax
353
375
448
448
After tax
897
875
802
802
Living cost
577
577
577
577
Free-cash
320
298
225
225

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
€553
€390
€531
€426
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.

-
-
-
1 250
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
-
1 203
-
income
50
-
235
-
social contributions
47
-
47
-
total
97
-
282
-
Employer
465
-
1 203
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
739
1 250
-
-
income
258
438
-
-
total
258
438
-
-
Dividends
480
812
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 250
1 250
1 250
1 250
Total tax
456
492
329
351
After tax
794
758
921
899
Living cost
368
368
368
368
Free-cash
426
390
553
531

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
€379
€500
€495
€505
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
-
-
-
1 250
income
-
-
-
301
pensions
-
-
-
80
total
-
-
-
381
Employee
514
-
1 097
-
income
94
-
224
-
health
7
-
18
-
pensions
39
-
102
-
total
140
-
344
-
Employer
514
-
1 097
-
health
10
-
21
-
pensions
52
-
132
-
total
62
-
153
-
Corporate
674
1 250
-
-
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.

128
238
-
-
total
128
238
-
-
Dividends
546
1 012
-
-
withholding
41
138
-
-
total
41
138
-
-
Income
1 250
1 250
1 250
1 250
Total tax
371
376
497
381
After tax
879
874
753
869
Living cost
374
374
374
374
Free-cash
505
500
379
495

Estimated living cost  is €374 per week

€257
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.
€78
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
€419
-€141
€614
€64
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
-
-
-
1 250
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
323
pensions
-
-
-
42
total
-
-
-
394
Employee
380
-
1 093
-
income
52
-
230
-
pensions
43
-
77
-
health
44
-
125
-
total
139
-
432
-
Employer
380
-
1 093
-
unemployment
9
-
27
-
accident
6
-
18
-
pensions
62
-
112
-
total
77
-
157
-
Corporate
792
1 250
-
-
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.

713
1 125
-
-
total
713
1 125
-
-
Dividends
79
125
-
-
withholding
15
24
-
-
total
15
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
944
1 149
589
394
After tax
306
101
661
856
Living cost
242
242
242
242
Free-cash
64
-141
419
614

Estimated living cost  is €242 per week

€177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
€692
€914
€572
€868
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.

-
-
-
1 250
income
-
-
-
198
health insurance
-
-
-
92
work injury
-
-
-
6
pensions
-
-
-
230
unemployment
-
-
-
15
total
-
-
-
541
Employee

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

219
-
1 250
-
income
22
-
198
-
work injury
1
-
4
-
health insurance
16
-
60
-
pensions
40
-
149
-
unemployment
3
-
10
-
total
82
-
421
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 031
1 250
-
-
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
13
-
-
total
10
13
-
-
Dividends
1 021
1 237
-
-
withholding
153
186
-
-
total
153
186
-
-
Income
1 250
1 250
1 250
1 250
Total tax
245
199
421
541
After tax
1 005
1 051
829
709
Living cost
137
137
137
137
Free-cash
868
914
692
572

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
€150
€255
€207
€209
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
-
-
-
1 250
social contributions
-
-
-
322
national
-
-
-
282
regional
-
-
-
27
municipal
-
-
-
8
total
-
-
-
639
Employee
854
-
1 250
-
social contributions
288
-
422
-
municipal
5
-
7
-
national
144
-
244
-
regional
13
-
23
-
total
450
-
696
-
Employer
854
-
1 250
-
total
-
-
-
-
Corporate
396
1 250
-
-
nationa
95
300
-
-
municipal
19
60
-
-
total
114
360
-
-
Dividends
282
890
-
-
withholding
73
231
-
-
total
73
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
637
591
696
639
After tax
613
659
554
611
Living cost
404
404
404
404
Free-cash
209
255
150
207

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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