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
€ 1300
per

Your estimated
City
free-cash

Valencia , Spain
€543
€395
€445
€593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
unemployment
-
-
-
7
income
-
-
-
294
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
576
Employee
375
-
1 001
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
265
-
other
-
-
1
-
total
96
-
325
-
Employer
375
-
1 001
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
total
119
-
301
-
Corporate
806
1 300
-
-
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.

121
195
-
-
total
121
195
-
-
Dividends
685
1 105
-
-
withholding
142
233
-
-
total
142
233
-
-
Income
1 300
1 300
1 300
1 300
Total tax
478
428
626
576
After tax
822
872
674
724
Living cost
279
279
279
279
Free-cash
543
593
395
445

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
€617
€478
€425
€685
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
-
-
-
1 300
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.

-
-
-
312
income
-
-
-
174
other
-
-
-
62
health
-
-
-
57
total
-
-
-
605
Employee
368
-
1 038
-
health
5
-
15
-
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
-
73
-
income
63
-
192
-
total
98
-
290
-
Employer
368
-
1 038
-
health
5
-
15
-
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
-
177
-
accident
3
-
8
-
unemployment
4
-
10
-
other
18
-
52
-
total
93
-
262
-
Corporate
839
1 300
-
-
income
176
273
-
-
total
176
273
-
-
Dividends
663
1 027
-
-
withholding
46
72
-
-
total
46
72
-
-
Income
1 300
1 300
1 300
1 300
Total tax
413
345
552
605
After tax
887
955
748
695
Living cost
270
270
270
270
Free-cash
617
685
478
425

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
€932
€924
€878
€978
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
-
-
-
1 300
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
195
health
-
-
-
41
total
-
-
-
289
Employee
176
-
1 230
-
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
-
123
-
total
43
-
174
-
Employer
176
-
1 230
-
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
1 089
1 300
-
-
income
109
130
-
-
total
109
130
-
-
Dividends
980
1 170
-
-
withholding
49
59
-
-
total
49
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
235
189
243
289
After tax
1 065
1 111
1 057
1 011
Living cost
133
133
133
133
Free-cash
932
978
924
878

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
€369
€422
€394
€308
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
-
-
-
1 300
income
-
-
-
164
other
-
-
-
40
health
-
-
-
40
social contributions
-
-
-
37
pensions
-
-
-
278
surtax
-
-
-
-
total
-
-
-
559
Employee
434
-
1 034
-
pensions
49
-
60
-
income
26
-
176
-
social contributions
12
-
29
-
surtax
-
-
-
-
total
87
-
265
-
Employer
434
-
1 034
-
health
30
-
82
-
social contributions
1
-
3
-
pensions
71
-
103
-
unemployment
18
-
42
-
other
15
-
36
-
total
135
-
266
-
Corporate
731
1 300
-
-
income
205
364
-
-
surtax
-
-
-
-
total
205
364
-
-
Dividends
526
936
-
-
social contributions
90
161
-
-
surtax
-
-
-
-
withholding
67
120
-
-
total
157
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
584
645
531
559
After tax
716
655
769
741
Living cost
347
347
347
347
Free-cash
369
308
422
394

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
€149
€300
€324
€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
-
-
-
1 300
pensions
-
-
-
119
income
-
-
-
307
health
-
-
-
125
total
-
-
-
551
Employee
865
865
1 112
-
health
133
113
125
-
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
386
-
Employer
865
865
1 112
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
294
283
-
-
income
59
57
-
-
total
59
57
-
-
Dividends
235
226
-
-
income
50
48
-
-
withholding
35
34
-
-
total
85
82
-
-
Income
1 300
1 300
1 300
1 300
Total tax
726
664
575
551
After tax
574
636
725
749
Living cost
425
425
425
425
Free-cash
149
211
300
324

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
€460
€557
€426
€349
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.

-
-
-
1 300
trade
-
-
-
131
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.

-
-
-
348
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.

-
-
-
19
total
-
-
-
567
Employee

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

388
-
1 300
-
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
-
348
-
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
-
19
-
total
81
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
912
1 300
-
-
income
137
195
-
-
trade
144
205
-
-
surtax

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

8
11
-
-
chamber of commerce
3
3
-
-
total
292
414
-
-
Dividends
621
886
-
-
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
152
218
-
-
total
160
230
-
-
Income
1 300
1 300
1 300
1 300
Total tax
533
644
436
567
After tax
767
656
864
733
Living cost
307
307
307
307
Free-cash
460
349
557
426

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
€660
€662
€675
€715
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
-
-
-
1 300
income
-
-
-
193
health
-
-
-
33
social contributions
-
-
-
164
total
-
-
-
390
Employee
779
779
1 191
-
health
6
13
20
-
income
85
72
187
-
social contributions
29
65
87
-
total
120
150
294
-
Employer
779
779
1 191
-
health
7
14
22
-
social contributions
29
65
87
-
total
36
79
109
-
Corporate
909
442
-
-
income
114
55
-
-
total
114
55
-
-
Dividends
795
386
-
-
withholding
135
66
-
-
total
135
66
-
-
Income
1 300
1 300
1 300
1 300
Total tax
405
350
403
390
After tax
895
950
897
910
Living cost
235
235
235
235
Free-cash
660
715
662
675

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
€411
€310
€394
€421
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.

-
-
-
1 300
income
-
-
-
136
social contributions

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

-
-
-
452
surtax
-
-
-
-
total
-
-
-
588
Employee
466
-
1 050
-
income
97
-
306
-
social contributions
51
-
116
-
surtax
-
-
-
-
total
148
-
422
-
Employer
466
-
1 050
-
social contributions
111
-
250
-
total
111
-
250
-
Corporate
723
1 300
-
-
income
152
273
-
-
surtax
-
-
-
-
total
152
273
-
-
Dividends
571
1 027
-
-
withholding
160
288
-
-
total
160
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
571
561
672
588
After tax
729
739
628
712
Living cost
318
318
318
318
Free-cash
411
421
310
394

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
€1150
€968
€1215
€1163
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%.

-
-
-
1 300
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
90
-
1 300
-
income
18
-
260
-
total
18
-
260
-
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%.

1 210
1 300
-
-
total
-
-
-
-
Dividends
1 210
1 300
-
-
withholding
60
65
-
-
total
60
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
78
65
260
13
After tax
1 222
1 235
1 040
1 287
Living cost
72
72
72
72
Free-cash
1 150
1 163
968
1 215

Estimated living cost  is €72 per week

€45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€19
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
€538
€349
€388
€623
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.

-
-
-
1 300
pensions
-
-
-
237
unemployment
-
-
-
2
income
-
-
-
273
health
-
-
-
128
total
-
-
-
640
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
-
1 125
-
health
29
-
73
-
unemployment
1
-
2
-
pensions
69
-
174
-
income
77
-
254
-
total
176
-
503
-
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
-
1 125
-
health
30
-
75
-
pensions
40
-
100
-
unemployment
-
-
1
-
total
70
-
176
-
Corporate
782
1 300
-
-
income
149
247
-
-
total
149
247
-
-
Dividends
634
1 053
-
-
withholding
95
158
-
-
total
95
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
490
405
679
640
After tax
810
895
621
660
Living cost
272
272
272
272
Free-cash
538
623
349
388

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
€458
€585
€582
€423
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.

-
-
-
1 300
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.

-
-
-
62
total
-
-
-
350
Employee
465
-
1 253
-
social contributions
47
-
47
-
income
50
-
253
-
total
97
-
300
-
Employer
465
-
1 253
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
789
1 300
-
-
income
276
455
-
-
total
276
455
-
-
Dividends
513
845
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 300
1 300
1 300
1 300
Total tax
474
509
347
350
After tax
826
791
953
950
Living cost
368
368
368
368
Free-cash
458
423
585
582

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
€585
€607
€620
€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
-
-
-
1 300
income
-
-
-
195
health
-
-
-
91
social contributions
-
-
-
179
total
-
-
-
465
Employee
344
-
1 300
-
health
24
-
91
-
income
57
-
208
-
social contributions
47
-
179
-
total
128
-
478
-
Employer
344
-
1 300
-
total
-
-
-
-
Corporate
956
1 300
-
-
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%.

48
65
-
-
total
48
65
-
-
Dividends
909
1 235
-
-
social contributions
125
170
-
-
withholding
136
185
-
-
health
63
86
-
-
total
324
441
-
-
Income
1 300
1 300
1 300
1 300
Total tax
500
506
478
465
After tax
800
794
822
835
Living cost
215
215
215
215
Free-cash
585
579
607
620

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
€504
€372
€382
€607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
income
-
-
-
118
health
-
-
-
176
social contributions
-
-
-
336
solidarity contribution
-
-
-
-
total
-
-
-
630
Employee
424
-
970
-
health
57
-
131
-
solidarity contribution
-
-
-
-
income
51
-
116
-
social contributions
28
-
63
-
total
136
-
310
-
Employer
424
-
970
-
health
38
-
87
-
social contributions
106
-
243
-
total
144
-
330
-
Corporate
733
1 300
-
-
income
139
247
-
-
total
139
247
-
-
Dividends
593
1 053
-
-
withholding
89
158
-
-
total
89
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
508
405
640
630
After tax
792
895
660
670
Living cost
288
288
288
288
Free-cash
504
607
372
382

Estimated living cost  is €288 per week

€214
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.
€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
Tbilisi , Georgia
€1102
€928
€1175
€1123
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%.

-
-
-
1 300
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
141
-
1 300
-
income
28
-
260
-
total
28
-
260
-
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%.

1 159
1 300
-
-
total
-
-
-
-
Dividends
1 159
1 300
-
-
withholding
58
65
-
-
total
58
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
86
65
260
13
After tax
1 214
1 235
1 040
1 287
Living cost
112
112
112
112
Free-cash
1 102
1 123
928
1 175

Estimated living cost  is €112 per week

€76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
€236
€280
€252
€166
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
-
-
-
1 300
income
-
-
-
164
other
-
-
-
40
health
-
-
-
40
social contributions
-
-
-
37
pensions
-
-
-
278
surtax
-
-
-
-
total
-
-
-
559
Employee
635
-
1 034
-
pensions
72
-
60
-
income
55
-
176
-
social contributions
18
-
29
-
surtax
-
-
-
-
total
145
-
265
-
Employer
635
-
1 034
-
health
44
-
82
-
social contributions
2
-
3
-
pensions
104
-
103
-
unemployment
26
-
42
-
other
22
-
36
-
total
198
-
266
-
Corporate
467
1 300
-
-
income
131
364
-
-
surtax
-
-
-
-
total
131
364
-
-
Dividends
336
936
-
-
social contributions
58
161
-
-
surtax
-
-
-
-
withholding
43
120
-
-
total
101
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
575
645
531
559
After tax
725
655
769
741
Living cost
489
489
489
489
Free-cash
236
166
280
252

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
€714
€560
€560
€764
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.

-
-
-
1 300
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
283
health
-
-
-
77
total
-
-
-
565
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
-
1 166
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
104
-
income
36
-
283
-
total
89
-
431
-
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
-
1 166
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
990
1 300
-
-
income
148
195
-
-
total
148
195
-
-
Dividends
841
1 105
-
-
withholding
126
166
-
-
total
126
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
411
361
565
565
After tax
889
939
735
735
Living cost
175
175
175
175
Free-cash
714
764
560
560

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
€196
€305
€370
-€102
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
-
-
-
1 300
pensions
-
-
-
120
city
-
-
-
14
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.

-
-
-
26
health
-
-
-
3
regional
-
-
-
57
national
-
-
-
15
total
-
-
-
235
Employee
814
-
1 164
-
health
2
-
3
-
unemployment
-
-
-
-
city
9
-
13
-
pensions
68
-
98
-
regional
27
-
49
-
national
4
-
12
-
total
110
-
175
-
Employer
814
-
1 164
-
health
2
-
3
-
pensions
68
-
98
-
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
-
23
-
total
86
-
124
-
Corporate
391
1 300
-
-
regional
83
275
-
-
national
33
111
-
-
total
116
386
-
-
Dividends
275
915
-
-
withholding
96
320
-
-
total
96
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
408
706
299
235
After tax
892
594
1 001
1 065
Living cost
696
696
696
696
Free-cash
196
-102
305
370

Estimated living cost  is €696 per week

€452
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.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€172
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
€458
€324
€502
€454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 300
municipal
-
-
-
231
health
-
-
-
16
national
-
-
-
162
total
-
-
-
409
Employee
533
-
1 094
-
health
4
-
13
-
unemployment
8
-
16
-
pensions
36
-
74
-
national
9
-
100
-
municipal
87
-
178
-
total
144
-
381
-
Employer
533
-
1 094
-
health
4
-
8
-
pensions
92
-
190
-
accident
1
-
1
-
unemployment
3
-
7
-
total
100
-
206
-
Corporate
666
1 300
-
-
income
133
260
-
-
total
133
260
-
-
Dividends

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

400
780
-
-
municipal
72
140
-
-
national
4
57
-
-
total
76
197
-
-
Income
1 300
1 300
1 300
1 300
Total tax
453
457
587
409
After tax
847
843
713
891
Living cost
389
389
389
389
Free-cash
458
454
324
502

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
€208
€114
€212
€358
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
-
-
-
1 300
communal

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

-
-
-
66
social contributions
-
-
-
206
national
-
-
-
447
total
-
-
-
719
Employee

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

725
-
1 007
-
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
-
47
-
communal

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

38
-
53
-
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
-
9
-
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
-
76
-
national
223
-
338
-
total
355
-
523
-
Employer

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

725
-
1 007
-
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
-
62
-
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
-
89
-
surtax
82
-
114
-
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
-
15
-
total
211
-
293
-
Corporate
364
1 300
-
-
income
73
260
-
-
surtax
1
5
-
-
total
74
265
-
-
Dividends
290
1 035
-
-
withholding

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

83
307
-
-
total
83
307
-
-
Income
1 300
1 300
1 300
1 300
Total tax
723
572
816
719
After tax
577
728
484
581
Living cost
370
370
370
370
Free-cash
208
358
114
212

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
€257
€238
€250
€267
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
-
-
-
1 300
unemployment
-
-
-
1
municipal
-
-
-
304
other
-
-
-
113
health
-
-
-
61
national
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
105
total
-
-
-
607
Employee
631
-
995
-
national
-
-
16
-
municipal
188
-
297
-
total
188
-
313
-
Employer
631
-
995
-
health
39
-
60
-
pensions
68
-
105
-
accident
1
-
2
-
unemployment
17
-
26
-
other
73
-
113
-
total
198
-
306
-
Corporate
471
1 300
-
-
income
104
286
-
-
total
104
286
-
-
Dividends
367
1 014
-
-
withholding
110
304
-
-
total
110
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
600
590
619
607
After tax
700
710
681
693
Living cost
443
443
443
443
Free-cash
257
267
238
250

Estimated living cost  is €443 per week

€293
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.
€99
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
-€351
€676
€421
€313
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
-
-
-
1 300
income
-
-
-
253
social contributions
-
-
-
148
total
-
-
-
401
Employee
685
-
-
-
income
151
-
-
-
social contributions
56
-
8
-
total
207
-
8
-
Employer
685
-
-
-
social contributions
966
-
138
-
total
966
-
138
-
Corporate
-
1 300
-
-
income
-
286
-
-
total
-
286
-
-
Dividends
-
1 014
-
-
income
-
223
-
-
total
-
223
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 173
509
146
401
After tax
127
791
1 154
899
Living cost
478
478
478
478
Free-cash
-351
313
676
421

Estimated living cost  is €478 per week

€310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€117
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
€578
€568
€581
€621
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
-
-
-
1 300
income
-
-
-
193
health
-
-
-
33
social contributions
-
-
-
164
total
-
-
-
390
Employee
779
779
1 191
-
health
8
13
20
-
income
82
72
187
-
social contributions
38
65
87
-
total
128
150
294
-
Employer
779
779
1 191
-
health
8
14
22
-
social contributions
38
65
87
-
total
46
79
109
-
Corporate
798
442
-
-
income
100
55
-
-
total
100
55
-
-
Dividends
698
386
-
-
withholding
119
66
-
-
total
119
66
-
-
Income
1 300
1 300
1 300
1 300
Total tax
393
350
403
390
After tax
907
950
897
910
Living cost
329
329
329
329
Free-cash
578
621
568
581

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
€561
€413
€533
€535
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
-
-
-
1 300
income
-
-
-
329
pensions
-
-
-
79
total
-
-
-
408
Employee
493
-
1 139
-
health
6
-
18
-
pensions
38
-
100
-
income
90
-
249
-
total
134
-
367
-
Employer
493
-
1 139
-
health
9
-
22
-
pensions
50
-
139
-
total
59
-
161
-
Corporate
748
1 300
-
-
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.

142
247
-
-
total
142
247
-
-
Dividends
606
1 053
-
-
withholding
45
159
-
-
total
45
159
-
-
Income
1 300
1 300
1 300
1 300
Total tax
380
406
528
408
After tax
920
894
772
892
Living cost
359
359
359
359
Free-cash
561
535
413
533

Estimated living cost  is €359 per week

€246
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.
€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.
€75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
€234
€168
€228
€280
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
-
-
-
1 300
municipal
-
-
-
9
regional
-
-
-
29
social contributions
-
-
-
334
national
-
-
-
296
total
-
-
-
668
Employee
854
-
1 300
-
social contributions
288
-
438
-
regional
13
-
25
-
national
144
-
257
-
municipal
5
-
8
-
total
450
-
728
-
Employer
854
-
1 300
-
total
-
-
-
-
Corporate
446
1 300
-
-
nationa
107
312
-
-
municipal
22
63
-
-
total
129
375
-
-
Dividends
318
925
-
-
withholding
83
241
-
-
total
83
241
-
-
Income
1 300
1 300
1 300
1 300
Total tax
662
616
728
668
After tax
638
684
572
632
Living cost
404
404
404
404
Free-cash
234
280
168
228

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
€71
€472
€671
-€113
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
-
-
-
1 300
pensions
-
-
-
41
income
-
-
-
341
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
total
-
-
-
411
Employee
343
-
1 144
-
health
39
-
131
-
pensions
39
-
76
-
income
47
-
247
-
total
125
-
454
-
Employer
343
-
1 144
-
pensions
56
-
109
-
accident
6
-
19
-
unemployment
8
-
28
-
total
70
-
156
-
Corporate
887
1 300
-
-
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.

799
1 170
-
-
total
799
1 170
-
-
Dividends
89
130
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 011
1 195
610
411
After tax
289
105
690
889
Living cost
218
218
218
218
Free-cash
71
-113
472
671

Estimated living cost  is €218 per week

€160
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

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
€413
€473
€354
€279
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.

-
-
-
1 300
trade
-
-
-
119
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.

-
-
-
348
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.

-
-
-
19
total
-
-
-
555
Employee

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

504
-
1 300
-
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
-
348
-
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
-
19
-
total
112
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
796
1 300
-
-
income
119
195
-
-
trade
114
187
-
-
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
-
-
chamber of commerce
3
3
-
-
total
243
396
-
-
Dividends
553
904
-
-
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
134
222
-
-
total
141
234
-
-
Income
1 300
1 300
1 300
1 300
Total tax
496
630
436
555
After tax
804
670
864
745
Living cost
391
391
391
391
Free-cash
413
279
473
354

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
€745
€519
€171
€829
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.

-
-
-
1 300
income
-
-
-
198
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
-
-
-
332
total
-
-
-
918
Employee
296
-
1 048
-
income
53
-
203
-
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
-
115
-
surtax
-
-
-
-
total
86
-
318
-
Employer
296
-
1 048
-
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
-
252
-
surtax
-
-
-
-
total
71
-
252
-
Corporate
933
1 300
-
-
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%.

187
260
-
-
total
187
260
-
-
Dividends

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

746
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
344
260
570
918
After tax
956
1 040
730
382
Living cost
211
211
211
211
Free-cash
745
829
519
171

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
€673
€650
€659
€694
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
-
-
-
1 300
income
-
-
-
376
health
-
-
-
62
pensions
-
-
-
86
total
-
-
-
524
Employee
179
-
1 204
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
39
-
income
35
-
372
-
total
62
-
436
-
Employer
179
-
1 204
-
health
17
-
41
-
pensions
20
-
47
-
unemployment
4
-
9
-
total
41
-
97
-
Corporate
1 081
1 300
-
-
income
238
286
-
-
total
238
286
-
-
Dividends
843
1 014
-
-
withholding
169
203
-
-
total
169
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
510
489
533
524
After tax
790
811
767
776
Living cost
117
117
117
117
Free-cash
673
694
650
659

Estimated living cost  is €117 per week

€70
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.
€35
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
€556
€374
€396
€590
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
-
-
-
1 300
pensions
-
-
-
260
unemployment
-
-
-
2
income
-
-
-
283
other
-
-
-
-
health
-
-
-
92
surtax
-
-
-
39
total
-
-
-
676
Employee
341
-
1 074
-
health
9
-
27
-
unemployment
24
-
75
-
pensions
23
-
72
-
income
57
-
263
-
other
-
-
-
-
surtax
1
-
35
-
total
114
-
472
-
Employer
341
-
1 074
-
health
16
-
49
-
pensions
46
-
143
-
unemployment
11
-
34
-
other
-
-
-
-
total
73
-
226
-
Corporate
887
1 300
-
-
income
231
338
-
-
total
231
338
-
-
Dividends
656
962
-
-
withholding
98
144
-
-
total
98
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
516
482
698
676
After tax
784
818
602
624
Living cost
228
228
228
228
Free-cash
556
590
374
396

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
€399
€36
€331
€402
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
-
-
-
1 300
pensions
-
-
-
219
chamber of commerce
-
-
-
5
unemployment
-
-
-
62
income
-
-
-
269
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
646
Employee
443
404
1 009
-
health
17
16
39
-
unemployment
13
12
30
-
pensions
45
41
103
-
income
39
30
226
-
other
4
4
10
-
total
118
103
408
-
Employer
443
404
1 009
-
health
17
15
38
-
pensions
56
51
127
-
surtax
-
-
-
-
accident
6
5