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

Dresden , Germany
€426
€557
€460
€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
health

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

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

-
-
-
69
income

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

-
-
-
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.

-
-
-
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
-
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
-
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
-
health

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

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

69
-
69
-
total
81
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
912
1 300
-
-
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
-
-
income
137
195
-
-
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.

Source of data for Dresden model

Close
Reykjavik , Iceland
€265
€275
€291
€300
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
social contributions
-
-
-
14
municipal
-
-
-
139
national
-
-
-
215
pensions
-
-
-
156
total
-
-
-
524
Employee
793
-
1 124
-
pensions
32
-
45
-
national
152
-
223
-
municipal
98
-
144
-
total
282
-
412
-
Employer
793
-
1 124
-
pensions
63
-
90
-
social contributions
9
-
12
-
total
72
-
102
-
Corporate
383
1 300
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

77
260
-
-
total
77
260
-
-
Dividends
307
1 040
-
-
withholding
67
229
-
-
total
67
229
-
-
Income
1 300
1 300
1 300
1 300
Total tax
498
489
514
524
After tax
802
811
786
776
Living cost
511
511
511
511
Free-cash
291
300
275
265

Estimated living cost  is €511 per week

€347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
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.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
€171
€519
€745
€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
social contributions

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

-
-
-
388
income
-
-
-
198
microenterprise
-
-
-
-
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

Source of data for Riga model

Close
Rotterdam , Netherlands
€324
€300
€149
€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
health
-
-
-
125
income
-
-
-
307
pensions
-
-
-
119
total
-
-
-
551
Employee
865
865
1 112
-
income

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

142
142
142
-
pensions
156
119
119
-
health
133
113
125
-
total
431
374
386
-
Employer
865
865
1 112
-
pensions
60
60
75
-
health
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
294
283
-
-
income
59
57
-
-
total
59
57
-
-
Dividends
235
226
-
-
withholding
35
34
-
-
income
50
48
-
-
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

Source of data for Rotterdam model

Close
Stockholm , Sweden
€300
€288
€311
€320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
other
-
-
-
99
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
314
health
-
-
-
53
national
-
-
-
49
pensions
-
-
-
92
total
-
-
-
610
Employee
555
-
1 032
-
national
-
-
45
-
municipal
166
-
308
-
total
166
-
353
-
Employer
555
-
1 032
-
pensions
60
-
92
-
other
65
-
99
-
accident
1
-
2
-
health
34
-
53
-
unemployment
15
-
23
-
total
175
-
269
-
Corporate
570
1 300
-
-
income
125
286
-
-
total
125
286
-
-
Dividends
445
1 014
-
-
withholding
133
304
-
-
total
133
304
-
-
Income
1 300
1 300
1 300
1 300
Total tax
599
590
622
610
After tax
701
710
678
690
Living cost
390
390
390
390
Free-cash
311
320
288
300

Estimated living cost  is €390 per week

€258
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.
€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.
€87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€330
€466
€395
€252
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
-
-
-
136
health

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

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

-
-
-
69
income

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

-
-
-
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.

-
-
-
19
total
-
-
-
572
Employee

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

514
-
1 300
-
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
-
income

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

44
-
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
-
69
-
total
115
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
786
1 300
-
-
trade
129
214
-
-
surtax

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

6
11
-
-
income
118
195
-
-
chamber of commerce
3
3
-
-
total
256
423
-
-
Dividends
530
877
-
-
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
129
215
-
-
total
136
227
-
-
Income
1 300
1 300
1 300
1 300
Total tax
507
650
436
572
After tax
793
650
864
728
Living cost
398
398
398
398
Free-cash
395
252
466
330

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
€581
€568
€578
€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
social contributions
-
-
-
164
health
-
-
-
33
income
-
-
-
193
total
-
-
-
390
Employee
779
779
1 191
-
income
82
72
187
-
social contributions
38
65
87
-
health
8
13
20
-
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

Source of data for Limassol model

Close
Budapest , Hungary
€715
€569
€549
€545
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
-
-
-
20
health
-
-
-
91
income
-
-
-
159
pensions
-
-
-
130
total
-
-
-
400
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

267
106
1 088
-
income
33
13
133
-
pensions
27
11
109
-
unemployment
4
2
16
-
health
19
7
76
-
total
83
33
334
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

267
106
1 088
-
pensions
52
21
212
-
total
52
21
212
-
Corporate
981
1 173
-
-
income
88
106
-
-
total
88
106
-
-
Dividends
893
1 068
-
-
social contributions
173
207
-
-
withholding
170
203
-
-
total
343
410
-
-
Income
1 300
1 300
1 300
1 300
Total tax
566
570
546
400
After tax
734
730
754
900
Living cost
185
185
185
185
Free-cash
549
545
569
715

Estimated living cost  is €185 per week

€126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€452
€505
€732
€795
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
health
-
-
-
169
income
-
-
-
174
pensions
-
-
-
260
total
-
-
-
603
Employee
287
-
972
-
income
32
-
187
-
pensions
6
-
19
-
unemployment
5
-
16
-
total
43
-
222
-
Employer
287
-
972
-
pensions
58
-
194
-
health
37
-
126
-
unemployment
2
-
8
-
total
97
-
328
-
Corporate
915
1 300
-
-
income
183
260
-
-
total
183
260
-
-
Dividends
732
1 040
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
323
260
550
603
After tax
977
1 040
750
697
Living cost
245
245
245
245
Free-cash
732
795
505
452

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
€668
€467
€71
-€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
-
-
-
1 300
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
339
pensions
-
-
-
42
total
-
-
-
410
Employee
349
-
1 142
-
income
48
-
245
-
pensions
39
-
77
-
health
40
-
131
-
total
127
-
453
-
Employer
349
-
1 142
-
pensions
57
-
111
-
accident
6
-
19
-
unemployment
9
-
28
-
total
72
-
158
-
Corporate
879
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.

791
1 170
-
-
total
791
1 170
-
-
Dividends
88
130
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 007
1 195
611
410
After tax
293
105
689
890
Living cost
222
222
222
222
Free-cash
71
-117
467
668

Estimated living cost  is €222 per week

€163
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.

Source of data for Gdansk model

Close
Batumi , Georgia
€1196
€949
€1127
€1144
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
114
-
1 300
-
income
23
-
260
-
total
23
-
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%.

1 186
1 300
-
-
total
-
-
-
-
Dividends
1 186
1 300
-
-
withholding
59
65
-
-
total
59
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
82
65
260
13
After tax
1 218
1 235
1 040
1 287
Living cost
91
91
91
91
Free-cash
1 127
1 144
949
1 196

Estimated living cost  is €91 per week

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
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.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€425
€478
€617
€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
other
-
-
-
62
health
-
-
-
57
income
-
-
-
174
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
total
-
-
-
605
Employee
368
-
1 038
-
income
63
-
192
-
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
-
unemployment
4
-
10
-
health
5
-
15
-
total
98
-
290
-
Employer
368
-
1 038
-
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
-
other
18
-
52
-
accident
3
-
8
-
health
5
-
15
-
unemployment
4
-
10
-
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

Source of data for Bratislava model

Close
London , United Kingdom
€217
€97
€152
€222
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
-
-
-
319
pensions
-
-
-
82
total
-
-
-
401
Employee
964
-
1 140
-
income
174
-
239
-
pensions
93
-
104
-
health
16
-
18
-
total
283
-
361
-
Employer
964
-
1 140
-
pensions
114
-
138
-
health
18
-
22
-
total
132
-
160
-
Corporate
203
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.

39
247
-
-
total
39
247
-
-
Dividends
165
1 053
-
-
withholding
12
149
-
-
total
12
149
-
-
Income
1 300
1 300
1 300
1 300
Total tax
466
396
521
401
After tax
834
904
779
899
Living cost
682
682
682
682
Free-cash
152
222
97
217

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
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.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€878
€924
€932
€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
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
195
pensions

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

-
-
-
52
total
-
-
-
289
Employee
176
-
1 231
-
income
18
-
123
-
pensions

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

15
-
31
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
43
-
174
-
Employer
176
-
1 231
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 090
1 300
-
-
income
109
130
-
-
total
109
130
-
-
Dividends
981
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

Source of data for Varna model

Close
Amsterdam , Netherlands
€187
€163
€100
€74
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
health
-
-
-
125
income
-
-
-
307
pensions
-
-
-
119
total
-
-
-
551
Employee
940
865
1 112
-
income

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

142
142
142
-
pensions
119
119
119
-
health
117
113
125
-
total
378
374
386
-
Employer
940
865
1 112
-
pensions
65
60
75
-
health
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
196
283
-
-
income
39
57
-
-
total
39
57
-
-
Dividends
157
226
-
-
withholding
24
34
-
-
income
33
48
-
-
total
57
82
-
-
Income
1 300
1 300
1 300
1 300
Total tax
638
664
575
551
After tax
662
636
725
749
Living cost
562
562
562
562
Free-cash
100
74
163
187

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
€416
€417
€566
€652
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
social contributions
-
-
-
350
health
-
-
-
175
income
-
-
-
116
solidarity contribution
-
-
-
-
total
-
-
-
641
Employee
358
-
970
-
income
43
-
116
-
solidarity contribution
-
-
-
-
social contributions
23
-
63
-
health
48
-
131
-
total
114
-
310
-
Employer
358
-
970
-
health
32
-
87
-
social contributions
89
-
243
-
total
121
-
330
-
Corporate
820
1 300
-
-
income
156
247
-
-
total
156
247
-
-
Dividends
665
1 053
-
-
withholding
100
158
-
-
total
100
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
491
405
640
641
After tax
809
895
660
659
Living cost
243
243
243
243
Free-cash
566
652
417
416

Estimated living cost  is €243 per week

€169
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.
€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

Source of data for Brno model

Close
Milan , Italy
€219
€157
€212
€265
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
social contributions
-
-
-
334
municipal
-
-
-
8
national
-
-
-
296
regional
-
-
-
15
total
-
-
-
653
Employee
901
-
1 300
-
national
156
-
257
-
social contributions
304
-
438
-
municipal
5
-
7
-
regional
8
-
13
-
total
473
-
715
-
Employer
901
-
1 300
-
total
-
-
-
-
Corporate
399
1 300
-
-
nationa
96
312
-
-
municipal
16
51
-
-
total
112
363
-
-
Dividends
288
937
-
-
withholding
75
244
-
-
total
75
244
-
-
Income
1 300
1 300
1 300
1 300
Total tax
660
607
715
653
After tax
640
693
585
647
Living cost
428
428
428
428
Free-cash
212
265
157
219

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€400
€378
€562
€594
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
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
92
income
-
-
-
283
surtax
-
-
-
39
pensions
-
-
-
260
total
-
-
-
676
Employee
335
-
1 074
-
income
56
-
263
-
pensions
22
-
72
-
unemployment
23
-
75
-
health
9
-
27
-
other
-
-
-
-
surtax
1
-
35
-
total
111
-
472
-
Employer
335
-
1 074
-
pensions
45
-
143
-
other
-
-
-
-
health
15
-
49
-
unemployment
11
-
34
-
total
71
-
226
-
Corporate
894
1 300
-
-
income
233
338
-
-
total
233
338
-
-
Dividends
662
962
-
-
withholding
99
144
-
-
total
99
144
-
-
Income
1 300
1 300
1 300
1 300
Total tax
514
482
698
676
After tax
786
818
602
624
Living cost
224
224
224
224
Free-cash
562
594
378
400

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€433
€313
€428
€438
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
-
-
-
319
pensions
-
-
-
82
total
-
-
-
401
Employee
646
-
1 140
-
income
116
-
239
-
pensions
55
-
104
-
health
9
-
18
-
total
180
-
361
-
Employer
646
-
1 140
-
pensions
70
-
138
-
health
12
-
22
-
total
82
-
160
-
Corporate
571
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.

109
247
-
-
total
109
247
-
-
Dividends
463
1 053
-
-
withholding
35
149
-
-
total
35
149
-
-
Income
1 300
1 300
1 300
1 300
Total tax
406
396
521
401
After tax
894
904
779
899
Living cost
466
466
466
466
Free-cash
428
438
313
433

Estimated living cost  is €466 per week

€349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€305
€240
€158
-€172
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
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
city
-
-
-
14
national
-
-
-
13
regional
-
-
-
53
pensions
-
-
-
120
total
-
-
-
229
Employee
896
-
1 164
-
pensions
75
-
98
-
national
4
-
11
-
unemployment
-
-
-
-
city
10
-
12
-
health
2
-
3
-
regional
29
-
46
-
total
120
-
170
-
Employer
896
-
1 164
-
pensions
75
-
98
-
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.

18
-
23
-
health
2
-
3
-
unemployment
-
-
-
-
total
95
-
124
-
Corporate
298
1 300
-
-
regional
63
275
-
-
national
25
111
-
-
total
88
386
-
-
Dividends
210
915
-
-
withholding
73
320
-
-
total
73
320
-
-
Income
1 300
1 300
1 300
1 300
Total tax
376
706
294
229
After tax
924
594
1 006
1 071
Living cost
766
766
766
766
Free-cash
158
-172
240
305

Estimated living cost  is €766 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
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.
€190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€258
€400
€343
€179
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
-
-
-
142
health

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

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

-
-
-
69
income

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

-
-
-
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.

-
-
-
19
total
-
-
-
578
Employee

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

609
-
1 300
-
surtax

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

4
-
19
-
income

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

72
-
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
-
69
-
total
145
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
691
1 300
-
-
trade
118
223
-
-
surtax

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

6
11
-
-
income
104
195
-
-
chamber of commerce
3
3
-
-
total
231
432
-
-
Dividends
461
868
-
-
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
12
-
-
withholding
111
213
-
-
total
117
225
-
-
Income
1 300
1 300
1 300
1 300
Total tax
493
657
436
578
After tax
807
643
864
722
Living cost
464
464
464
464
Free-cash
343
179
400
258

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
€394
€422
€369
€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
other
-
-
-
40
social contributions
-
-
-
37
health
-
-
-
40
income
-
-
-
164
surtax
-
-
-
-
pensions
-
-
-
278
total
-
-
-
559
Employee
434
-
1 034
-
income
26
-
176
-
pensions
49
-
60
-
social contributions
12
-
29
-
surtax
-
-
-
-
total
87
-
265
-
Employer
434
-
1 034
-
pensions
71
-
103
-
other
15
-
36
-
health
30
-
82
-
unemployment
18
-
42
-
social contributions
1
-
3
-
total
135
-
266
-
Corporate
731
1 300
-
-
surtax
-
-
-
-
income
205
364
-
-
total
205
364
-
-
Dividends
526
936
-
-
surtax
-
-
-
-
social contributions
90
161
-
-
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

Source of data for Nice model

Close
Marseille , France
€429
€457
€399
€343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
other
-
-
-
40
social contributions
-
-
-
37
health
-
-
-
40
income
-
-
-
164
surtax
-
-
-
-
pensions
-
-
-
278
total
-
-
-
559
Employee
387
-
1 034
-
income
20
-
176
-
pensions
44
-
60
-
social contributions
11
-
29
-
surtax
-
-
-
-
total
75
-
265
-
Employer
387
-
1 034
-
pensions
64
-
103
-
other
13
-
36
-
health
27
-
82
-
unemployment
16
-
42
-
social contributions
1
-
3
-
total
121
-
266
-
Corporate
792
1 300
-
-
surtax
-
-
-
-
income
222
364
-
-
total
222
364
-
-
Dividends
570
936
-
-
surtax
-
-
-
-
social contributions
98
161
-
-
withholding
73
120
-
-
total
171
281
-
-
Income
1 300
1 300
1 300
1 300
Total tax
589
645
531
559
After tax
711
655
769
741
Living cost
312
312
312
312
Free-cash
399
343
457
429

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€620
€607
€585
€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
social contributions
-
-
-
179
health
-
-
-
91
income
-
-
-
195
total
-
-
-
465
Employee
344
-
1 300
-
income
57
-
208
-
social contributions
47
-
179
-
health
24
-
91
-
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
-
-
health
63
86
-
-
withholding
136
185
-
-
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

Source of data for Vilnius model

Close
Vienna , Austria
€295
€2
€351
€368
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
chamber of commerce
-
-
-
5
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
269
surtax
-
-
-
2
pensions
-
-
-
219
total
-
-
-
648
Employee
506
404
1 008
-
income
58
30
226
-
pensions
52
41
103
-
unemployment
15
12
30
-
health
20
16
39
-
other
5
4
10
-
total
150
103
408
-
Employer
506
404
1 008
-
pensions
64
51
126
-
other
24
19
48
-
accident
7
5
13
-
health
19
15
38
-
payroll
15
12
30
-
chamber of commerce
2
2
4
-
unemployment
15
12
30
-
surtax
2
2
2
-
total
148
118
291
-
Corporate
646
778
969
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

161
194
242
-
total
161
194
242
-
Dividends
484
583
-
-
withholding
133
160
-
-
total
133
160
-
-
Income
1 300
1 300
1 300
1 300
Total tax
592
575
941
648
After tax
708
725
359
652
Living cost
357
357
357
357
Free-cash
351
368
2
295

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
€212
€114
€208
€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
social contributions
-
-
-
206
communal

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

-
-
-
66
national
-
-
-
447
total
-
-
-
719
Employee

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

725
-
1 007
-
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
-
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
-
communal

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

38
-
53
-
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
-
total
355
-
523
-
Employer

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

725
-
1 007
-
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
-
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
-
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
-
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
-
surtax
82
-
114
-
total
211
-
293
-
Corporate
364
1 300
-
-
surtax
1
5
-
-
income
73
260
-
-
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

Source of data for Brussels model

Close
Barcelona , Spain
€358
€308
€429
€506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
294
pensions
-
-
-
266
total
-
-
-
576
Employee
504
-
1 001
-
income
106
-
265
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
138
-
325
-
Employer
504
-
1 001
-
pensions
119
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
635
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.

95
195
-
-
total
95
195
-
-
Dividends
540
1 105
-
-
withholding
111
233
-
-
total
111
233
-
-
Income
1 300
1 300
1 300
1 300
Total tax
505
428
626
576
After tax
795
872
674
724
Living cost
366
366
366
366
Free-cash
429
506
308
358

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€147
€198
€133
€231
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
accident
-
-
-
11
health
-
-
-
91
income
-
-
-
159
communal
-
-
-
82
surtax
-
-
-
64
pensions
-
-
-
195
total
-
-
-
602
Employee
767
-
1 161
-
income
74
-
197
-
pensions
61
-
93
-
health
34
-
52
-
surtax
47
-
71
-
total
216
-
413
-
Employer
767
-
1 161
-
pensions
61
-
93
-
accident
7
-
10
-
health
23
-
35
-
total
91
-
138
-
Corporate
441
1 300
-
-
communal
30
88
-
-
surtax
5
14
-
-
income
66
195
-
-
total
101
297
-
-
Dividends
340
1 004
-
-
withholding
51
151
-
-
income
157
70
-
-
total
208
221
-
-
Income
1 300
1 300
1 300
1 300
Total tax
616
518
551
602
After tax
684
782
749
698
Living cost
551
551
551
551
Free-cash
133
231
198
147

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€396
€374
€556
€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
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
92
income
-
-
-
283
surtax
-
-
-
39
pensions
-
-
-
260
total
-
-
-
676
Employee
341
-
1 074
-
income
57
-
263
-
pensions
23
-
72
-
unemployment
24
-
75
-
health
9
-
27
-
other
-
-
-
-
surtax
1
-
35
-
total
114
-
472
-
Employer
341
-
1 074
-
pensions
46
-
143
-
other
-
-
-
-
health
16
-
49
-
unemployment
11
-
34
-
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

Source of data for Athens model

Close
Naples , Italy
€369
€308
€387
€410
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
social contributions
-
-
-
334
municipal
-
-
-
8
national
-
-
-
296
regional
-
-
-
20
total
-
-
-
658
Employee
562
-
1 300
-
national
89
-
257
-
social contributions
190
-
438
-
municipal
3
-
7
-
regional
8
-
17
-
total
290
-
719
-
Employer
562
-
1 300
-
total
-
-
-
-
Corporate
738
1 300
-
-
nationa
177
312
-
-
municipal
37
65
-
-
total
214
377
-
-
Dividends
524
923
-
-
withholding
136
240
-
-
total
136
240
-
-
Income
1 300
1 300
1 300
1 300
Total tax
640
617
719
658
After tax
660
683
581
642
Living cost
273
273
273
273
Free-cash
387
410
308
369

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
€359
€360
€487
€595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
social contributions
-
-
-
350
health
-
-
-
175
income
-
-
-
116
solidarity contribution
-
-
-
-
total
-
-
-
641
Employee
441
-
970
-
income
53
-
116
-
solidarity contribution
-
-
-
-
social contributions
29
-
63
-
health
60
-
131
-
total
142
-
310
-
Employer
441
-
970
-
health
40
-
87
-
social contributions
110
-
243
-
total
150
-
330
-
Corporate
709
1 300
-
-
income
135
247
-
-
total
135
247
-
-
Dividends
574
1 053
-
-
withholding
86
158
-
-
total
86
158
-
-
Income
1 300
1 300
1 300
1 300
Total tax
513
405
640
641
After tax
787
895
660
659
Living cost
300
300
300
300
Free-cash
487
595
360
359

Estimated living cost  is €300 per week

€223
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.
€55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€331
€36
€399
€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
chamber of commerce
-
-
-
5
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
269
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
646
Employee
443
404
1 009
-
income
39
30
226
-
pensions
45
41
103
-
unemployment
13
12
30
-
health
17
16
39
-
other
4
4
10
-
total
118
103
408
-
Employer
443
404
1 009
-
pensions
56
51
127
-
other
21
19
48
-
accident
6
5
13
-
health
17
15
38
-
payroll
13
12
30
-
chamber of commerce
2
2
4
-
unemployment
13
12
30
-
surtax
-
-
-
-
total
128
116
290
-
Corporate
730
780
971
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

182
195
243
-
total
182
195
243
-
Dividends
547
585
-
-
withholding
150
161
-
-
total
150
161
-
-
Income
1 300
1 300
1 300
1 300
Total tax
578
575
941
646
After tax
722
725
359
654
Living cost
323
323
323
323
Free-cash
399
402
36
331

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
€1145
€898
€1066
€1093
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
178
-
1 300
-
income
36
-
260
-
total
36
-
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%.

1 122
1 300
-
-
total
-
-
-
-
Dividends
1 122
1 300
-
-
withholding
56
65
-
-
total
56
65
-
-
Income
1 300
1 300
1 300
1 300
Total tax
92
65
260
13
After tax
1 208
1 235
1 040
1 287
Living cost
142
142
142
142
Free-cash
1 066
1 093
898
1 145

Estimated living cost  is €142 per week

€96
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.
€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.
€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 Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€388
€349
€538
€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
unemployment
-
-
-
2
health
-
-
-
128
income
-
-
-
273
pensions
-
-
-
237
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
-
income
77
-
254
-
pensions
69
-
174
-
unemployment
1
-
2
-
health
29
-
73
-
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
-
pensions
40
-
100
-
health
30
-
75
-
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

Source of data for Ljubljana model

Close
Oslo , Norway
€463
€731
-€207
€355
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
social contributions
-
-
-
148
income
-
-
-
253
total
-
-
-
401
Employee
625
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
625
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
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
1 071
509
133
401
After tax
229
791
1 167
899
Living cost
436
436
436
436
Free-cash
-207
355
731
463

Estimated living cost  is €436 per week

€283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€394
€310
€411
€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
social contributions

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

-
-
-
452
income
-
-
-
136
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
-
-
surtax
-
-
-
-
income
152
273
-
-
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

Source of data for Lisbon model

Close
Paris , France
€252
€280
€236
€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
other
-
-
-
40
social contributions
-
-
-
37
health
-
-
-
40
income
-
-
-
164
surtax
-
-
-
-
pensions
-
-
-
278
total
-
-
-
559
Employee
635
-
1 034
-
income
55
-
176
-
pensions
72
-
60
-
social contributions
18
-
29
-
surtax
-
-
-
-
total
145
-
265
-
Employer
635
-
1 034
-
pensions
104
-
103
-
other
22
-
36
-
health
44
-
82
-
unemployment
26
-
42
-
social contributions
2
-
3
-
total
198
-
266
-
Corporate
467
1 300
-
-
surtax
-
-
-
-
income
131
364
-
-
total
131
364
-
-
Dividends
336
936
-
-
surtax
-
-
-
-
social contributions
58
161
-
-
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

Source of data for Paris model

Close
Andorra , Andorra
€669
€704
€832
€865
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
social contributions
-
-
-
286
income
-
-
-
40
total
-
-
-
326
Employee
326
-
1 126
-
social contributions
21
-
73
-
income
-
-
44
-
total
21
-
117
-
Employer
326
-
1 126
-
social contributions
50
-
174
-
total
50
-
174
-
Corporate
924
1 300
-
-
income
92
130
-
-
total
92
130
-
-
Dividends
831
1 170
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
163
130
291
326
After tax
1 137
1 170
1 009
974
Living cost
305
305
305
305
Free-cash
832
865
704
669

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
€302
-€909
-€909
-€909
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
-
-
-
256
national
-
-
-
142
labour market
-
-
-
103
pensions
-
-
-
9
total
-
-
-
510
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
pensions
6
6
6
-
municipal
439
439
439
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 721
1 721
1 721
510
After tax
-421
-421
-421
790
Living cost
488
488
488
488
Free-cash
-909
-909
-909
302

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
€671
€470
€72
-€114
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
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
339
pensions
-
-
-
42
total
-
-
-
410
Employee
344
-
1 142
-
income
47
-
245
-
pensions
39
-
77
-
health
39
-
131
-
total
125
-
453
-
Employer
344
-
1 142
-
pensions
56
-
111
-
accident
6
-
19
-
unemployment
8
-
28
-
total
70
-
158
-
Corporate
886
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.

797
1 170
-
-
total
797
1 170
-
-
Dividends
89
130
-
-
withholding
17
25
-
-
total
17
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
1 009
1 195
611
410
After tax
291
105
689
890
Living cost
219
219
219
219
Free-cash
72
-114
470
671

Estimated living cost  is €219 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.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€502
€324
€458
€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
-
pensions
36
-
74
-
national
9
-
100
-
municipal
87
-
178
-
unemployment
8
-
16
-
health
4
-
13
-
total
144
-
381
-
Employer
533
-
1 094
-
pensions
92
-
190
-
accident
1
-
1
-
health
4
-
8
-
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.

Source of data for Helsinki model

Close
Larnaca , Cyprus
€675
€662
€660
€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
social contributions
-
-
-
164
health
-
-
-
33
income
-
-
-
193
total
-
-
-
390
Employee
779
779
1 191
-
income
85
72
187
-
social contributions
29
65
87
-
health
6
13
20
-
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

Source of data for Larnaca model

Close
Podgorica , Montenegro
€910
€706
€864
€916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 300
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
128
pensions
-
-
-
64
total
-
-
-
229
Employee

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

233
-
1 201
-
income
16
-
103
-
pensions
35
-
144
-
unemployment
1
-
5
-
health
20
-
82
-
total
72
-
334
-
Employer

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

233
-
1 201
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 043
1 300
-
-
income
94
117
-
-
total
94
117
-
-
Dividends
950
1 183
-
-
withholding
85
106
-
-
total
85
106
-
-
Income
1 300
1 300
1 300
1 300
Total tax
275
223
433
229
After tax
1 025
1 077
867
1 071
Living cost
161
161
161
161
Free-cash
864
916
706
910

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
€445
€395
€543
€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
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
294
pensions
-
-
-
266
total
-
-
-
576
Employee
375
-
1 001
-
income
72
-
265
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
total
96
-
325
-
Employer
375
-
1 001
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
unemployment
21
-
52
-
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

Source of data for Valencia model

Close
Istanbul , Turkey
€801
€799
€778
€783
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
health
-
-
-
15
income
-
-
-
436
pensions
-
-
-
20
total
-
-
-
471
Employee
42
-
1 277
-
income
8
-
435
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
450
-
Employer
42
-
1 277
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
1 248
1 300
-
-
income
275
286
-
-
total
275
286
-
-
Dividends
974
1 014
-
-
withholding
195
203
-
-
total
195
203
-
-
Income
1 300
1 300
1 300
1 300
Total tax
494
489
473
471
After tax
806
811
827
829
Living cost
28
28
28
28
Free-cash
778
783
799
801

Estimated living cost  is €28 per week

€16
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
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.
€8
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€559
€557
€714
€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
unemployment
-
-
-
11
health
-
-
-
77
income
-
-
-
283
pensions
-
-
-
195
total
-
-
-
566
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

264
-
1 166
-
income
36
-
283
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
39
-
total
89
-
433
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

264
-
1 166
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
988
1 300
-
-
income
148
195
-
-
total
148
195
-
-
Dividends
840
1 105
-
-
withholding
126
166
-
-
total
126
166
-
-
Income
1 300
1 300
1 300
1 300
Total tax
411
361
568
566
After tax
889
939
732
734
Living cost
175
175
175
175
Free-cash
714
764
557
559

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
€439
€355
€463
€466
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
social contributions

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

-
-
-
452
income
-
-
-
136
surtax
-
-
-
-
total
-
-
-
588
Employee
393
-
1 050
-
income
77
-
306
-
social contributions
43
-
116
-
surtax
-
-
-
-
total
120
-
422
-
Employer
393
-
1 050
-
social contributions
93
-
250
-
total
93
-
250
-
Corporate
813
1 300
-
-
surtax
-
-
-
-
income
171
273
-
-
total
171
273
-
-
Dividends
642
1 027
-
-
withholding
180
288
-
-
total
180
288
-
-
Income
1 300
1 300
1 300
1 300
Total tax
564
561
672
588
After tax
736
739
628
712
Living cost
273
273
273
273
Free-cash
463
466
355
439

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
€368
€318
€441
€516
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
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
294
pensions
-
-
-
266
total
-
-
-
576
Employee
489
-
1 001
-
income
102
-
265
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
133
-
325
-
Employer
489
-
1 001
-
pensions
116
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
655
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.

98
195
-
-
total
98
195
-
-
Dividends
556
1 105
-
-
withholding
115
233
-
-
total
115
233
-
-
Income
1 300
1 300
1 300
1 300
Total tax
503
428
626
576
After tax
797
872
674
724
Living cost
356
356
356
356
Free-cash
441
516
318
368

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€837
€883
€876
€937
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
health
-
-
-
41
income
-
-
-
195
pensions

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

-
-
-
52
total
-
-
-
289
Employee
231
-
1 231
-
income
23
-
123
-
pensions

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

20
-
31
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
57
-
174
-
Employer
231
-
1 231
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 024
1 300
-
-
income
102
130
-
-
total
102
130
-
-
Dividends
922
1 170
-
-
withholding
46
59
-
-
total
46
59
-
-
Income
1 300
1 300
1 300
1 300
Total tax
250
189
243
289
After tax
1 050
1 111
1 057
1 011
Living cost
174
174
174
174
Free-cash
876
937
883
837

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
€354
€473
€413
€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
health

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

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

-
-
-
69
income

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

-
-
-
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.

-
-
-
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
-
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
-
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
-
health

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

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

69
-
69
-
total
112
-
436
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
796
1 300
-
-
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
-
-
income
119
195
-
-
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.

Source of data for Berlin model

Close
Dublin , Ireland
€249
€249
€355
€333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 300
social contributions
-
-
-
122
income
-
-
-
352
total
-
-
-
474
Employee
793
-
1 300
-
social contributions
66
-
122
-
income
150
-
352
-
total
216
-
474
-
Employer
793
-
1 300
-
total
-
-
-
-
Corporate
507
1 300
-
-
income
63
162
-
-
total
63
162
-
-
Dividends
444
1 138
-
-
withholding
89
228
-
-
total
89
228
-
-
Income
1 300
1 300
1 300
1 300
Total tax
368
390
474
474
After tax
932
910
826
826
Living cost
577
577
577
577
Free-cash
355
333
249
249

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
€576
€585
€458
€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
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
68
income
-
-
-
288
total
-
-
-
356
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
356
After tax
826
791
953
944
Living cost
368
368
368
368
Free-cash
458
423
585
576

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€520
€400
€537
€525
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
-
-
-
319
pensions
-
-
-
82
total
-
-
-
401
Employee
520
-
1 140
-
income
95
-
239
-
pensions
40
-
104
-
health
7
-
18
-
total
142
-
361
-
Employer
520
-
1 140
-
pensions
52
-
138
-
health
10
-
22
-
total
62
-
160
-
Corporate
718
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.

136
247
-
-
total
136
247
-
-
Dividends
582
1 053
-
-
withholding
44
149
-
-
total
44
149
-
-
Income
1 300
1 300
1 300
1 300
Total tax
384
396
521
401
After tax
916
904
779
899
Living cost
379
379
379
379
Free-cash
537
525
400
520

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€650
€449
€69
-€135
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
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
339
pensions
-
-
-
42
total
-
-
-
410
Employee
378
-
1 142
-
income
52
-
245
-
pensions
43
-
77
-
health
43
-
131
-
total
138
-
453
-
Employer
378
-
1 142
-
pensions
62
-
111
-
accident
6
-
19
-
unemployment
9
-
28
-
total
77
-
158
-
Corporate
845
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.

760
1 170
-
-
total
760
1 170
-
-
Dividends
84
130
-
-
withholding
16
25
-
-
total
16
25
-
-
Income
1 300
1 300
1 300
1 300
Total tax
991
1 195
611
410
After tax
309
105
689
890
Living cost
240
240
240
240
Free-cash
69
-135
449
650

Estimated living cost  is €240 per week

€176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
€598
€733
€909
€957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 300
work injury
-
-
-
7
unemployment
-
-
-
16
income
-
-
-
207
health insurance
-
-
-
96
pensions
-
-
-
239
total
-
-
-
565
Employee

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

219
-
1 300
-
income
22
-
207
-
work injury
1
-
4
-
pensions
40
-
149
-
unemployment
3
-
10
-
health insurance
16
-
60
-
total
82
-
430
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 081
1 300
-
-
income

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

11
13
-
-
total
11
13
-
-
Dividends
1 070
1 287
-
-
withholding
161
193
-
-
total
161
193
-
-
Income
1 300
1 300
1 300
1 300
Total tax
254
206
430
565
After tax
1 046
1 094
870
735
Living cost
137
137
137
137
Free-cash
909
957
733
598

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
€228
€168
€234
€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
social contributions
-
-
-
334
municipal
-
-
-
9
national
-
-
-
296
regional
-
-
-
29
total
-
-
-
668
Employee
854
-
1 300
-
national
144
-
257
-
social contributions
288
-
438
-
municipal
5
-
8
-
regional
13
-
25
-
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

Source of data for Rome model

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