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

Valencia , Spain
€510
€363
€413
€560
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
unemployment
-
-
-
7
income
-
-
-
276
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
558
Employee
375
-
951
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
247
-
other
-
-
1
-
total
96
-
307
-
Employer
375
-
951
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
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
Bratislava , Slovakia
€579
€451
€400
€649
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
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
income
-
-
-
166
other
-
-
-
59
health
-
-
-
55
total
-
-
-
580
Employee
368
-
998
-
health
5
-
14
-
unemployment
4
-
10
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

26
-
70
-
income
63
-
183
-
total
98
-
277
-
Employer
368
-
998
-
health
5
-
14
-
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
-
accident
3
-
8
-
unemployment
4
-
10
-
other
18
-
50
-
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
Varna , Bulgaria
€889
€879
€836
€936
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
187
health
-
-
-
41
total
-
-
-
281
Employee
176
-
1 181
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
118
-
total
43
-
169
-
Employer
176
-
1 181
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 040
1 250
-
-
income
104
125
-
-
total
104
125
-
-
Dividends
936
1 125
-
-
withholding
47
56
-
-
total
47
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
228
181
238
281
After tax
1 022
1 069
1 012
969
Living cost
133
133
133
133
Free-cash
889
936
879
836

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
€343
€402
€365
€283
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
-
-
-
153
other
-
-
-
39
health
-
-
-
36
social contributions
-
-
-
36
pensions
-
-
-
274
surtax
-
-
-
-
total
-
-
-
538
Employee
434
-
998
-
pensions
49
-
56
-
income
26
-
166
-
social contributions
12
-
28
-
surtax
-
-
-
-
total
87
-
250
-
Employer
434
-
998
-
health
30
-
77
-
social contributions
1
-
3
-
pensions
71
-
97
-
unemployment
18
-
40
-
other
15
-
34
-
total
135
-
251
-
Corporate
681
1 250
-
-
income
191
350
-
-
surtax
-
-
-
-
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
Rotterdam , Netherlands
€124
€254
€293
€185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
pensions
-
-
-
119
income
-
-
-
288
health
-
-
-
125
total
-
-
-
532
Employee
865
865
1 064
-
health
133
113
124
-
pensions
156
119
119
-
income

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

142
142
142
-
total
431
374
385
-
Employer
865
865
1 064
-
health
60
60
74
-
pensions
60
60
74
-
unemployment
31
31
38
-
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
Dresden , Germany
€436
€529
€406
€324
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
trade
-
-
-
123
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
health

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

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

-
-
-
69
surtax

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

-
-
-
18
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
-
health

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

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

69
-
69
-
income

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

11
-
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.

1
-
18
-
total
81
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
862
1 250
-
-
income
129
188
-
-
trade
136
197
-
-
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
-
-
chamber of commerce
3
3
-
-
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.

Larnaca , Cyprus
€624
€629
€641
€679
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
-
-
-
178
health
-
-
-
32
social contributions
-
-
-
164
total
-
-
-
374
Employee
779
779
1 142
-
health
6
13
19
-
income
85
72
172
-
social contributions
29
65
87
-
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
Lisbon , Portugal
€383
€291
€370
€394
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
income
-
-
-
128
social contributions

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

-
-
-
434
surtax
-
-
-
-
total
-
-
-
562
Employee
466
-
1 010
-
income
97
-
290
-
social contributions
51
-
111
-
surtax
-
-
-
-
total
148
-
401
-
Employer
466
-
1 010
-
social contributions
111
-
240
-
total
111
-
240
-
Corporate
673
1 250
-
-
income
141
262
-
-
surtax
-
-
-
-
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
Batumi , Georgia
€1093
€921
€1159
€1108
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.

-
-
-
12
total
-
-
-
12
Employee
98
-
1 250
-
income
20
-
250
-
total
20
-
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%.

1 152
1 250
-
-
total
-
-
-
-
Dividends
1 152
1 250
-
-
withholding
58
63
-
-
total
58
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
78
63
250
12
After tax
1 172
1 187
1 000
1 238
Living cost
79
79
79
79
Free-cash
1 093
1 108
921
1 159

Estimated living cost  is €79 per week

€49
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.
€21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€504
€327
€365
€588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
228
unemployment
-
-
-
2
income
-
-
-
260
health
-
-
-
123
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
-
health
29
-
70
-
unemployment
1
-
2
-
pensions
69
-
168
-
income
77
-
242
-
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
-
health
30
-
72
-
pensions
40
-
96
-
unemployment
-
-
1
-
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
Sliema , Malta
€426
€553
€530
€390
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.

-
-
-
64
total
-
-
-
352
Employee
465
-
1 203
-
social contributions
47
-
47
-
income
50
-
235
-
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
352
After tax
794
758
921
898
Living cost
368
368
368
368
Free-cash
426
390
553
530

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€554
€578
€588
€548
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
-
-
-
188
health
-
-
-
87
social contributions
-
-
-
172
total
-
-
-
447
Employee
344
-
1 250
-
health
24
-
87
-
income
57
-
198
-
social contributions
47
-
172
-
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
Prague , Czech Republic
€476
€350
€354
€577
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
-
-
-
112
health
-
-
-
169
social contributions
-
-
-
331
solidarity contribution
-
-
-
-
total
-
-
-
612
Employee
417
-
933
-
health
56
-
126
-
solidarity contribution
-
-
-
-
income
50
-
112
-
social contributions
27
-
61
-
total
133
-
299
-
Employer
417
-
933
-
health
38
-
84
-
social contributions
104
-
233
-
total
142
-
317
-
Corporate
691
1 250
-
-
income
131
237
-
-
total
131
237
-
-
Dividends
560
1 013
-
-
withholding
84
152
-
-
total
84
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
389
616
612
After tax
760
861
634
638
Living cost
284
284
284
284
Free-cash
476
577
350
354

Estimated living cost  is €284 per week

€211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€1042
€878
€1116
€1065
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.

-
-
-
12
total
-
-
-
12
Employee
153
-
1 250
-
income
31
-
250
-
total
31
-
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%.

1 097
1 250
-
-
total
-
-
-
-
Dividends
1 097
1 250
-
-
withholding
55
63
-
-
total
55
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
86
63
250
12
After tax
1 164
1 187
1 000
1 238
Living cost
122
122
122
122
Free-cash
1 042
1 065
878
1 116

Estimated living cost  is €122 per week

€83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
€211
€260
€223
€141
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
-
-
-
153
other
-
-
-
39
health
-
-
-
36
social contributions
-
-
-
36
pensions
-
-
-
274
surtax
-
-
-
-
total
-
-
-
538
Employee
635
-
998
-
pensions
72
-
56
-
income
55
-
166
-
social contributions
18
-
28
-
surtax
-
-
-
-
total
145
-
250
-
Employer
635
-
998
-
health
44
-
77
-
social contributions
2
-
3
-
pensions
104
-
97
-
unemployment
26
-
40
-
other
22
-
34
-
total
198
-
251
-
Corporate
417
1 250
-
-
income
117
350
-
-
surtax
-
-
-
-
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
Belgrade , Serbia
€677
€522
€523
€729
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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
270
health
-
-
-
77
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.

263
-
1 116
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
270
-
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.

263
-
1 116
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
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
Zurich , Switzerland
€176
€276
€337
-€117
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
pensions
-
-
-
115
city
-
-
-
13
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
25
health
-
-
-
3
regional
-
-
-
54
national
-
-
-
14
total
-
-
-
224
Employee
806
-
1 119
-
health
2
-
3
-
unemployment
-
-
-
-
city
9
-
12
-
pensions
68
-
94
-
regional
26
-
46
-
national
4
-
11
-
total
109
-
166
-
Employer
806
-
1 119
-
health
2
-
3
-
pensions
68
-
94
-
unemployment
-
-
-
-
other

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

16
-
22
-
total
86
-
119
-
Corporate
349
1 250
-
-
regional
74
264
-
-
national
30
106
-
-
total
104
370
-
-
Dividends
246
879
-
-
withholding
86
308
-
-
total
86
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
385
678
285
224
After tax
865
572
965
1 026
Living cost
689
689
689
689
Free-cash
176
-117
276
337

Estimated living cost  is €689 per week

€448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
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.
€171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
€425
€300
€472
€424
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
municipal
-
-
-
222
health
-
-
-
15
national
-
-
-
152
total
-
-
-
389
Employee
533
-
1 052
-
health
4
-
12
-
unemployment
8
-
16
-
pensions
36
-
71
-
national
9
-
92
-
municipal
87
-
172
-
total
144
-
363
-
Employer
533
-
1 052
-
health
4
-
8
-
pensions
92
-
182
-
accident
1
-
1
-
unemployment
3
-
7
-
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
-
-
municipal
67
135
-
-
national
2
52
-
-
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.

Brussels , Belgium
€180
€100
€192
€330
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
communal

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

-
-
-
63
social contributions
-
-
-
199
national
-
-
-
426
total
-
-
-
688
Employee

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

725
-
968
-
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
-
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
-
national
223
-
321
-
total
355
-
498
-
Employer

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

725
-
968
-
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
-
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
-
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
-
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
-
total
211
-
283
-
Corporate
314
1 250
-
-
income
63
250
-
-
surtax
1
5
-
-
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
Stockholm , Sweden
€231
€219
€230
€242
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
unemployment
-
-
-
1
municipal
-
-
-
289
other
-
-
-
112
health
-
-
-
60
national
-
-
-
12
accident
-
-
-
2
pensions
-
-
-
104
total
-
-
-
580
Employee
627
-
951
-
national
-
-
8
-
municipal
187
-
284
-
total
187
-
292
-
Employer
627
-
951
-
health
39
-
58
-
pensions
68
-
103
-
accident
1
-
2
-
unemployment
17
-
25
-
other
73
-
111
-
total
198
-
299
-
Corporate
426
1 250
-
-
income
94
275
-
-
total
94
275
-
-
Dividends
333
975
-
-
withholding
100
293
-
-
total
100
293
-
-
Income
1 250
1 250
1 250
1 250
Total tax
579
568
591
580
After tax
671
682
659
670
Living cost
440
440
440
440
Free-cash
231
242
219
230

Estimated living cost  is €440 per week

€291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-€443
€611
€374
€270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
244
social contributions
-
-
-
142
total
-
-
-
386
Employee
702
-
-
-
income
155
-
-
-
social contributions
58
-
8
-
total
213
-
8
-
Employer
702
-
-
-
social contributions
990
-
141
-
total
990
-
141
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 203
490
149
386
After tax
47
760
1 101
864
Living cost
490
490
490
490
Free-cash
-443
270
611
374

Estimated living cost  is €490 per week

€318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
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.
€120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€543
€535
€547
€585
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
-
-
-
178
health
-
-
-
32
social contributions
-
-
-
164
total
-
-
-
374
Employee
779
779
1 142
-
health
8
13
19
-
income
82
72
172
-
social contributions
38
65
87
-
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
Edinburgh , United Kingdom
€518
€384
€500
€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
-
-
-
307
pensions
-
-
-
79
total
-
-
-
386
Employee
499
-
1 096
-
health
7
-
18
-
pensions
38
-
100
-
income
91
-
230
-
total
136
-
348
-
Employer
499
-
1 096
-
health
9
-
21
-
pensions
50
-
133
-
total
59
-
154
-
Corporate
691
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.

131
238
-
-
total
131
238
-
-
Dividends
559
1 012
-
-
withholding
42
143
-
-
total
42
143
-
-
Income
1 250
1 250
1 250
1 250
Total tax
368
381
502
386
After tax
882
869
748
864
Living cost
364
364
364
364
Free-cash
518
505
384
500

Estimated living cost  is €364 per week

€250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
€209
€150
€207
€255
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
municipal
-
-
-
8
regional
-
-
-
27
social contributions
-
-
-
322
national
-
-
-
282
total
-
-
-
639
Employee
854
-
1 250
-
social contributions
288
-
422
-
regional
13
-
23
-
national
144
-
244
-
municipal
5
-
7
-
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
Gdansk , Poland
€69
€446
€641
-€115
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
pensions
-
-
-
41
income
-
-
-
325
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
393
Employee
340
-
1 096
-
health
39
-
126
-
pensions
38
-
75
-
income
47
-
234
-
total
124
-
435
-
Employer
340
-
1 096
-
pensions
55
-
108
-
accident
6
-
18
-
unemployment
8
-
27
-
total
69
-
153
-
Corporate
840
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.

756
1 125
-
-
total
756
1 125
-
-
Dividends
84
125
-
-
withholding
16
24
-
-
total
16
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
965
1 149
588
393
After tax
285
101
662
857
Living cost
216
216
216
216
Free-cash
69
-115
446
641

Estimated living cost  is €216 per week

€159
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.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€386
€445
€333
€253
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
trade
-
-
-
112
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
health

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

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

-
-
-
69
surtax

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

-
-
-
18
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
-
health

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

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

69
-
69
-
income

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

41
-
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.

2
-
18
-
total
112
-
414
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
746
1 250
-
-
income
112
188
-
-
trade
107
179
-
-
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
-
-
chamber of commerce
3
3
-
-
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.

Riga , Latvia
€705
€490
€145
€789
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
income
-
-
-
187
microenterprise
-
-
-
-
social contributions

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

-
-
-
388
surtax
-
-
-
319
total
-
-
-
894
Employee
296
-
1 007
-
income
53
-
195
-
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
-
surtax
-
-
-
-
total
86
-
306
-
Employer
296
-
1 007
-
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
-
surtax
-
-
-
-
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
Istanbul , Turkey
€634
€603
€612
€654
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
-
-
-
353
health
-
-
-
67
pensions
-
-
-
92
total
-
-
-
512
Employee
192
-
1 147
-
health
10
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
348
-
total
66
-
417
-
Employer
192
-
1 147
-
health
18
-
44
-
pensions
21
-
51
-
unemployment
4
-
9
-
total
43
-
104
-
Corporate
1 015
1 250
-
-
income
223
275
-
-
total
223
275
-
-
Dividends
792
975
-
-
withholding
158
195
-
-
total
158
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
470
521
512
After tax
760
780
729
738
Living cost
126
126
126
126
Free-cash
634
654
603
612

Estimated living cost  is €126 per week

€75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
€524
€357
€378
€558
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
pensions
-
-
-
250
unemployment
-
-
-
2
income
-
-
-
267
other
-
-
-
-
health
-
-
-
89
surtax
-
-
-
36
total
-
-
-
644
Employee
341
-
1 033
-
health
9
-
26
-
unemployment
24
-
72
-
pensions
23
-
69
-
income
57
-
247
-
other
-
-
-
-
surtax
1
-
33
-
total
114
-
447
-
Employer
341
-
1 033
-
health
16
-
47
-
pensions
46
-
138
-
unemployment
11
-
33
-
other
-
-
-
-
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
Graz , Austria
€371
€25
€302
€375
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
pensions
-
-
-
219
chamber of commerce
-
-
-
5
unemployment
-
-
-
62
income
-
-
-
248
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
625
Employee
443
404
971
-
health
17
16
38
-
unemployment
13
12
29
-
pensions
45
41
99
-
income
39
30
213
-
other
4
4
10
-
total
118
103
389
-
Employer
443
404
971
-
health
17
15
37
-
pensions
56
51
122
-
surtax
-
-
-
-
accident
6
5
13