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
€ 1400
per

Your estimated
City
free-cash

Dresden , Germany
€467
€613
€512
€399
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.

-
-
-
1 400
trade
-
-
-
146
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.

-
-
-
390
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.

-
-
-
21
total
-
-
-
626
Employee

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

388
-
1 400
-
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
-
21
-
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
-
390
-
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
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 012
1 400
-
-
trade
159
220
-
-
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
-
-
income
152
210
-
-
chamber of commerce
3
4
-
-
total
322
446
-
-
Dividends
690
954
-
-
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.

9
13
-
-
withholding
169
235
-
-
total
178
248
-
-
Income
1 400
1 400
1 400
1 400
Total tax
581
694
480
626
After tax
819
706
920
774
Living cost
307
307
307
307
Free-cash
512
399
613
467

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
€321
€333
€353
€363
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
-
-
-
1 400
social contributions
-
-
-
15
municipal
-
-
-
151
national
-
-
-
234
pensions
-
-
-
168
total
-
-
-
568
Employee
793
-
1 210
-
pensions
32
-
48
-
national
152
-
242
-
municipal
98
-
156
-
total
282
-
446
-
Employer
793
-
1 210
-
pensions
63
-
97
-
social contributions
9
-
13
-
total
72
-
110
-
Corporate
483
1 400
-
-
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%.

97
280
-
-
total
97
280
-
-
Dividends
387
1 120
-
-
withholding
85
246
-
-
total
85
246
-
-
Income
1 400
1 400
1 400
1 400
Total tax
536
526
556
568
After tax
864
874
844
832
Living cost
511
511
511
511
Free-cash
353
363
333
321

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
€223
€574
€825
€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

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.

-
-
-
1 400
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
-
-
-
221
microenterprise
-
-
-
-
surtax
-
-
-
357
total
-
-
-
966
Employee
296
-
1 128
-
income
53
-
219
-
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
-
124
-
surtax
-
-
-
-
total
86
-
343
-
Employer
296
-
1 128
-
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
-
272
-
surtax
-
-
-
-
total
71
-
272
-
Corporate
1 033
1 400
-
-
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%.

207
280
-
-
total
207
280
-
-
Dividends

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

826
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
364
280
615
966
After tax
1 036
1 120
785
434
Living cost
211
211
211
211
Free-cash
825
909
574
223

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
€374
€400
€200
€262
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
-
-
-
1 400
health
-
-
-
125
income
-
-
-
357
pensions
-
-
-
119
total
-
-
-
601
Employee
865
865
1 212
-
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
1 212
-
pensions
60
60
75
-
health
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
394
383
-
-
income
79
77
-
-
total
79
77
-
-
Dividends
315
306
-
-
withholding
47
46
-
-
income
67
65
-
-
total
114
111
-
-
Income
1 400
1 400
1 400
1 400
Total tax
775
713
575
601
After tax
625
687
825
799
Living cost
425
425
425
425
Free-cash
200
262
400
374

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
€349
€339
€365
€374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
other
-
-
-
99
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
344
health
-
-
-
53
national
-
-
-
70
pensions
-
-
-
92
total
-
-
-
661
Employee
555
-
1 132
-
national
-
-
65
-
municipal
166
-
337
-
total
166
-
402
-
Employer
555
-
1 132
-
pensions
60
-
92
-
other
65
-
99
-
accident
1
-
2
-
health
34
-
53
-
unemployment
15
-
23
-
total
175
-
269
-
Corporate
670
1 400
-
-
income
147
308
-
-
total
147
308
-
-
Dividends
523
1 092
-
-
withholding
157
328
-
-
total
157
328
-
-
Income
1 400
1 400
1 400
1 400
Total tax
645
636
671
661
After tax
755
764
729
739
Living cost
390
390
390
390
Free-cash
365
374
339
349

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
€369
€522
€445
€301
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.

-
-
-
1 400
trade
-
-
-
153
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.

-
-
-
390
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.

-
-
-
21
total
-
-
-
633
Employee

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

514
-
1 400
-
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
-
21
-
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
-
390
-
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
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
886
1 400
-
-
trade
146
230
-
-
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
-
-
income
133
210
-
-
chamber of commerce
3
4
-
-
total
289
456
-
-
Dividends
597
945
-
-
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
13
-
-
withholding
145
232
-
-
total
153
245
-
-
Income
1 400
1 400
1 400
1 400
Total tax
557
701
480
633
After tax
843
699
920
767
Living cost
398
398
398
398
Free-cash
445
301
522
369

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
€647
€634
€651
€693
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
-
-
-
1 400
social contributions
-
-
-
164
health
-
-
-
36
income
-
-
-
224
total
-
-
-
424
Employee
779
779
1 289
-
income
82
72
217
-
social contributions
38
65
87
-
health
8
13
22
-
total
128
150
326
-
Employer
779
779
1 289
-
health
8
14
24
-
social contributions
38
65
87
-
total
46
79
111
-
Corporate
898
542
-
-
income
112
68
-
-
total
112
68
-
-
Dividends
785
474
-
-
withholding
134
81
-
-
total
134
81
-
-
Income
1 400
1 400
1 400
1 400
Total tax
420
378
437
424
After tax
980
1 022
963
976
Living cost
329
329
329
329
Free-cash
651
693
634
647

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
€785
€627
€605
€601
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
-
-
-
1 400
unemployment
-
-
-
21
health
-
-
-
98
income
-
-
-
171
pensions
-
-
-
140
total
-
-
-
430
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
1 172
-
income
33
13
143
-
pensions
27
11
117
-
unemployment
4
2
18
-
health
19
7
82
-
total
83
33
360
-
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
1 172
-
pensions
52
21
228
-
total
52
21
228
-
Corporate
1 081
1 273
-
-
income
97
115
-
-
total
97
115
-
-
Dividends
984
1 159
-
-
social contributions
191
225
-
-
withholding
187
220
-
-
total
378
445
-
-
Income
1 400
1 400
1 400
1 400
Total tax
610
614
588
430
After tax
790
786
812
970
Living cost
185
185
185
185
Free-cash
605
601
627
785

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
€505
€562
€812
€875
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
-
-
-
1 400
health
-
-
-
182
income
-
-
-
188
pensions
-
-
-
280
total
-
-
-
650
Employee
287
-
1 046
-
income
32
-
202
-
pensions
6
-
21
-
unemployment
5
-
17
-
total
43
-
240
-
Employer
287
-
1 046
-
pensions
58
-
209
-
health
37
-
136
-
unemployment
2
-
8
-
total
97
-
353
-
Corporate
1 015
1 400
-
-
income
203
280
-
-
total
203
280
-
-
Dividends
812
1 120
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
343
280
593
650
After tax
1 057
1 120
807
750
Living cost
245
245
245
245
Free-cash
812
875
562
505

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
€736
€525
€79
-€109
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
-
-
-
1 400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
371
pensions
-
-
-
42
total
-
-
-
442
Employee
349
-
1 238
-
income
48
-
272
-
pensions
39
-
77
-
health
40
-
142
-
total
127
-
491
-
Employer
349
-
1 238
-
pensions
57
-
111
-
accident
6
-
21
-
unemployment
9
-
30
-
total
72
-
162
-
Corporate
979
1 400
-
-
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.

881
1 260
-
-
total
881
1 260
-
-
Dividends
98
140
-
-
withholding
19
27
-
-
total
19
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 099
1 287
653
442
After tax
301
113
747
958
Living cost
222
222
222
222
Free-cash
79
-109
525
736

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
€1295
€1029
€1222
€1239
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%.

-
-
-
1 400
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
114
-
1 400
-
income
23
-
280
-
total
23
-
280
-
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%.

1 286
1 400
-
-
total
-
-
-
-
Dividends
1 286
1 400
-
-
withholding
64
70
-
-
total
64
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
87
70
280
14
After tax
1 313
1 330
1 120
1 386
Living cost
91
91
91
91
Free-cash
1 222
1 239
1 029
1 295

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
€475
€533
€690
€759
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
-
-
-
1 400
other
-
-
-
66
health
-
-
-
62
income
-
-
-
191
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.

-
-
-
336
total
-
-
-
655
Employee
368
-
1 118
-
income
63
-
210
-
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
-
78
-
unemployment
4
-
11
-
health
5
-
16
-
total
98
-
315
-
Employer
368
-
1 118
-
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
-
190
-
other
18
-
56
-
accident
3
-
9
-
health
5
-
16
-
unemployment
4
-
11
-
total
93
-
282
-
Corporate
939
1 400
-
-
income
197
294
-
-
total
197
294
-
-
Dividends
742
1 106
-
-
withholding
52
77
-
-
total
52
77
-
-
Income
1 400
1 400
1 400
1 400
Total tax
440
371
597
655
After tax
960
1 029
803
745
Living cost
270
270
270
270
Free-cash
690
759
533
475

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
€276
€148
€227
€277
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
-
-
-
1 400
income
-
-
-
358
pensions
-
-
-
84
total
-
-
-
442
Employee
964
-
1 227
-
income
174
-
272
-
pensions
93
-
106
-
health
16
-
19
-
total
283
-
397
-
Employer
964
-
1 227
-
pensions
114
-
150
-
health
18
-
23
-
total
132
-
173
-
Corporate
303
1 400
-
-
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.

58
266
-
-
total
58
266
-
-
Dividends
246
1 134
-
-
withholding
18
175
-
-
total
18
175
-
-
Income
1 400
1 400
1 400
1 400
Total tax
491
441
570
442
After tax
909
959
830
958
Living cost
682
682
682
682
Free-cash
227
277
148
276

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
€963
€1014
€1017
€1064
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
-
-
-
1 400
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
210
pensions

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

-
-
-
52
total
-
-
-
304
Employee
176
-
1 331
-
income
18
-
133
-
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
-
184
-
Employer
176
-
1 331
-
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
1 190
1 400
-
-
income
119
140
-
-
total
119
140
-
-
Dividends
1 071
1 260
-
-
withholding
54
63
-
-
total
54
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
250
203
253
304
After tax
1 150
1 197
1 147
1 096
Living cost
133
133
133
133
Free-cash
1 017
1 064
1 014
963

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
€237
€263
€151
€125
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
-
-
-
1 400
health
-
-
-
125
income
-
-
-
357
pensions
-
-
-
119
total
-
-
-
601
Employee
940
865
1 212
-
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
1 212
-
pensions
65
60
75
-
health
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
296
383
-
-
income
59
77
-
-
total
59
77
-
-
Dividends
237
306
-
-
withholding
36
46
-
-
income
50
65
-
-
total
86
111
-
-
Income
1 400
1 400
1 400
1 400
Total tax
687
713
575
601
After tax
713
687
825
799
Living cost
562
562
562
562
Free-cash
151
125
263
237

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
€489
€468
€635
€721
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
-
-
-
1 400
social contributions
-
-
-
350
health
-
-
-
189
income
-
-
-
129
solidarity contribution
-
-
-
-
total
-
-
-
668
Employee
358
-
1 045
-
income
43
-
125
-
solidarity contribution
-
-
-
-
social contributions
23
-
68
-
health
48
-
141
-
total
114
-
334
-
Employer
358
-
1 045
-
health
32
-
94
-
social contributions
89
-
261
-
total
121
-
355
-
Corporate
920
1 400
-
-
income
175
266
-
-
total
175
266
-
-
Dividends
746
1 134
-
-
withholding
112
170
-
-
total
112
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
522
436
689
668
After tax
878
964
711
732
Living cost
243
243
243
243
Free-cash
635
721
468
489

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
€264
€197
€266
€319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
social contributions
-
-
-
360
municipal
-
-
-
8
national
-
-
-
324
regional
-
-
-
16
total
-
-
-
708
Employee
901
-
1 400
-
national
156
-
282
-
social contributions
304
-
472
-
municipal
5
-
7
-
regional
8
-
14
-
total
473
-
775
-
Employer
901
-
1 400
-
total
-
-
-
-
Corporate
499
1 400
-
-
nationa
120
336
-
-
municipal
19
55
-
-
total
139
391
-
-
Dividends
360
1 009
-
-
withholding
94
262
-
-
total
94
262
-
-
Income
1 400
1 400
1 400
1 400
Total tax
706
653
775
708
After tax
694
747
625
692
Living cost
428
428
428
428
Free-cash
266
319
197
264

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
€441
€410
€625
€657
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
-
-
-
1 400
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
322
surtax
-
-
-
45
pensions
-
-
-
270
total
-
-
-
735
Employee
335
-
1 157
-
income
56
-
294
-
pensions
22
-
77
-
unemployment
23
-
80
-
health
9
-
30
-
other
-
-
-
-
surtax
1
-
41
-
total
111
-
522
-
Employer
335
-
1 157
-
pensions
45
-
154
-
other
-
-
-
-
health
15
-
53
-
unemployment
11
-
37
-
total
71
-
244
-
Corporate
994
1 400
-
-
income
259
364
-
-
total
259
364
-
-
Dividends
736
1 036
-
-
withholding
110
155
-
-
total
110
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
551
519
766
735
After tax
849
881
634
665
Living cost
224
224
224
224
Free-cash
625
657
410
441

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
€492
€364
€503
€493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
income
-
-
-
358
pensions
-
-
-
84
total
-
-
-
442
Employee
646
-
1 227
-
income
116
-
272
-
pensions
55
-
106
-
health
9
-
19
-
total
180
-
397
-
Employer
646
-
1 227
-
pensions
70
-
150
-
health
12
-
23
-
total
82
-
173
-
Corporate
671
1 400
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

128
266
-
-
total
128
266
-
-
Dividends
544
1 134
-
-
withholding
41
175
-
-
total
41
175
-
-
Income
1 400
1 400
1 400
1 400
Total tax
431
441
570
442
After tax
969
959
830
958
Living cost
466
466
466
466
Free-cash
503
493
364
492

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
€383
€315
€203
-€126
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
-
-
-
1 400
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.

-
-
-
28
health
-
-
-
3
city
-
-
-
15
national
-
-
-
16
regional
-
-
-
60
pensions
-
-
-
129
total
-
-
-
251
Employee
896
-
1 253
-
pensions
75
-
105
-
national
4
-
13
-
unemployment
-
-
-
-
city
10
-
13
-
health
2
-
3
-
regional
29
-
52
-
total
120
-
186
-
Employer
896
-
1 253
-
pensions
75
-
105
-
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
-
25
-
health
2
-
3
-
unemployment
-
-
-
-
total
95
-
133
-
Corporate
398
1 400
-
-
regional
84
296
-
-
national
34
119
-
-
total
118
415
-
-
Dividends
280
985
-
-
withholding
98
345
-
-
total
98
345
-
-
Income
1 400
1 400
1 400
1 400
Total tax
431
760
319
251
After tax
969
640
1 081
1 149
Living cost
766
766
766
766
Free-cash
203
-126
315
383

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
€297
€456
€391
€227
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.

-
-
-
1 400
trade
-
-
-
159
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.

-
-
-
390
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.

-
-
-
21
total
-
-
-
639
Employee

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

609
-
1 400
-
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
-
21
-
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
-
390
-
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
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
791
1 400
-
-
trade
136
240
-
-
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
-
-
income
119
210
-
-
chamber of commerce
3
4
-
-
total
265
466
-
-
Dividends
528
935
-
-
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
13
-
-
withholding
128
230
-
-
total
135
243
-
-
Income
1 400
1 400
1 400
1 400
Total tax
545
709
480
639
After tax
855
691
920
761
Living cost
464
464
464
464
Free-cash
391
227
456
297

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
€449
€466
€418
€359
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
-
-
-
1 400
other
-
-
-
43
social contributions
-
-
-
40
health
-
-
-
47
income
-
-
-
188
surtax
-
-
-
-
pensions
-
-
-
286
total
-
-
-
604
Employee
434
-
1 106
-
income
26
-
195
-
pensions
49
-
67
-
social contributions
12
-
32
-
surtax
-
-
-
-
total
87
-
294
-
Employer
434
-
1 106
-
pensions
71
-
115
-
other
15
-
39
-
health
30
-
91
-
unemployment
18
-
45
-
social contributions
1
-
3
-
total
135
-
293
-
Corporate
831
1 400
-
-
surtax
-
-
-
-
income
233
392
-
-
total
233
392
-
-
Dividends
598
1 008
-
-
surtax
-
-
-
-
social contributions
103
173
-
-
withholding
77
129
-
-
total
180
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
635
694
587
604
After tax
765
706
813
796
Living cost
347
347
347
347
Free-cash
418
359
466
449

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
€484
€501
€450
€394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
other
-
-
-
43
social contributions
-
-
-
40
health
-
-
-
47
income
-
-
-
188
surtax
-
-
-
-
pensions
-
-
-
286
total
-
-
-
604
Employee
387
-
1 106
-
income
20
-
195
-
pensions
44
-
67
-
social contributions
11
-
32
-
surtax
-
-
-
-
total
75
-
294
-
Employer
387
-
1 106
-
pensions
64
-
115
-
other
13
-
39
-
health
27
-
91
-
unemployment
16
-
45
-
social contributions
1
-
3
-
total
121
-
293
-
Corporate
892
1 400
-
-
surtax
-
-
-
-
income
250
392
-
-
total
250
392
-
-
Dividends
642
1 008
-
-
surtax
-
-
-
-
social contributions
110
173
-
-
withholding
82
129
-
-
total
192
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
638
694
587
604
After tax
762
706
813
796
Living cost
312
312
312
312
Free-cash
450
394
501
484

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
€684
€666
€645
€638
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
-
-
-
1 400
social contributions
-
-
-
193
health
-
-
-
98
income
-
-
-
210
total
-
-
-
501
Employee
344
-
1 400
-
income
57
-
228
-
social contributions
47
-
193
-
health
24
-
98
-
total
128
-
519
-
Employer
344
-
1 400
-
total
-
-
-
-
Corporate
1 056
1 400
-
-
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%.

53
70
-
-
total
53
70
-
-
Dividends
1 004
1 330
-
-
social contributions
138
184
-
-
health
70
93
-
-
withholding
151
200
-
-
total
359
477
-
-
Income
1 400
1 400
1 400
1 400
Total tax
540
547
519
501
After tax
860
853
881
899
Living cost
215
215
215
215
Free-cash
645
638
666
684

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
€352
€17
€405
€422
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
-
-
-
1 400
chamber of commerce
-
-
-
6
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
311
surtax
-
-
-
2
pensions
-
-
-
219
total
-
-
-
691
Employee
506
404
1 086
-
income
58
30
252
-
pensions
52
41
111
-
unemployment
15
12
33
-
health
20
16
42
-
other
5
4
11
-
total
150
103
449
-
Employer
506
404
1 086
-
pensions
64
51
136
-
other
24
19
52
-
accident
7
5
14
-
health
19
15
41
-
payroll
15
12
33
-
chamber of commerce
2
2
4
-
unemployment
15
12
33
-
surtax
2
2
2
-
total
148
118
315
-
Corporate
746
878
1 047
-
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.

186
219
262
-
total
186
219
262
-
Dividends
559
658
-
-
withholding
154
181
-
-
total
154
181
-
-
Income
1 400
1 400
1 400
1 400
Total tax
638
621
1 026
691
After tax
762
779
374
709
Living cost
357
357
357
357
Free-cash
405
422
17
352

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
€250
€144
€262
€414
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
-
-
-
1 400
social contributions
-
-
-
220
communal

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

-
-
-
71
national
-
-
-
490
total
-
-
-
781
Employee

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

725
-
1 084
-
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
-
81
-
national
223
-
372
-
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
-
57
-
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
-
51
-
total
355
-
570
-
Employer

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

725
-
1 084
-
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
-
96
-
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
-
14
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

45
-
67
-
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
-
16
-
surtax
82
-
123
-
total
211
-
316
-
Corporate
464
1 400
-
-
surtax
2
6
-
-
income
93
280
-
-
total
95
286
-
-
Dividends
369
1 114
-
-
withholding

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

107
331
-
-
total
107
331
-
-
Income
1 400
1 400
1 400
1 400
Total tax
768
617
886
781
After tax
632
783
514
619
Living cost
370
370
370
370
Free-cash
262
414
144
250

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
€421
€371
€496
€572
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
-
-
-
1 400
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
331
pensions
-
-
-
266
total
-
-
-
613
Employee
504
-
1 101
-
income
106
-
302
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
138
-
362
-
Employer
504
-
1 101
-
pensions
119
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
735
1 400
-
-
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.

110
210
-
-
total
110
210
-
-
Dividends
624
1 190
-
-
withholding
129
252
-
-
total
129
252
-
-
Income
1 400
1 400
1 400
1 400
Total tax
538
462
663
613
After tax
862
938
737
787
Living cost
366
366
366
366
Free-cash
496
572
371
421

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
€185
€240
€180
€288
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
-
-
-
1 400
accident
-
-
-
12
health
-
-
-
98
income
-
-
-
187
communal
-
-
-
88
surtax
-
-
-
69
pensions
-
-
-
210
total
-
-
-
664
Employee
767
-
1 251
-
income
74
-
227
-
pensions
61
-
100
-
health
34
-
56
-
surtax
47
-
77
-
total
216
-
460
-
Employer
767
-
1 251
-
pensions
61
-
100
-
accident
7
-
11
-
health
23
-
38
-
total
91
-
149
-
Corporate
541
1 400
-
-
communal
37
94
-
-
surtax
6
15
-
-
income
81
210
-
-
total
124
319
-
-
Dividends
418
1 081
-
-
withholding
63
162
-
-
income
175
80
-
-
total
238
242
-
-
Income
1 400
1 400
1 400
1 400
Total tax
669
561
609
664
After tax
731
839
791
736
Living cost
551
551
551
551
Free-cash
180
288
240
185

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
€437
€406
€618
€653
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
-
-
-
1 400
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
322
surtax
-
-
-
45
pensions
-
-
-
270
total
-
-
-
735
Employee
341
-
1 157
-
income
57
-
294
-
pensions
23
-
77
-
unemployment
24
-
80
-
health
9
-
30
-
other
-
-
-
-
surtax
1
-
41
-
total
114
-
522
-
Employer
341
-
1 157
-
pensions
46
-
154
-
other
-
-
-
-
health
16
-
53
-
unemployment
11
-
37
-
total
73
-
244
-
Corporate
987
1 400
-
-
income
257
364
-
-
total
257
364
-
-
Dividends
730
1 036
-
-
withholding
110
155
-
-
total
110
155
-
-
Income
1 400
1 400
1 400
1 400
Total tax
554
519
766
735
After tax
846
881
634
665
Living cost
228
228
228
228
Free-cash
618
653
406
437

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
€414
€347
€439
€462
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
-
-
-
1 400
social contributions
-
-
-
360
municipal
-
-
-
8
national
-
-
-
324
regional
-
-
-
21
total
-
-
-
713
Employee
562
-
1 400
-
national
89
-
282
-
social contributions
190
-
472
-
municipal
3
-
7
-
regional
8
-
19
-
total
290
-
780
-
Employer
562
-
1 400
-
total
-
-
-
-
Corporate
838
1 400
-
-
nationa
201
336
-
-
municipal
42
70
-
-
total
243
406
-
-
Dividends
595
994
-
-
withholding
155
259
-
-
total
155
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
688
665
780
713
After tax
712
735
620
687
Living cost
273
273
273
273
Free-cash
439
462
347
414

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
€432
€411
€556
€664
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
-
-
-
1 400
social contributions
-
-
-
350
health
-
-
-
189
income
-
-
-
129
solidarity contribution
-
-
-
-
total
-
-
-
668
Employee
441
-
1 045
-
income
53
-
125
-
solidarity contribution
-
-
-
-
social contributions
29
-
68
-
health
60
-
141
-
total
142
-
334
-
Employer
441
-
1 045
-
health
40
-
94
-
social contributions
110
-
261
-
total
150
-
355
-
Corporate
809
1 400
-
-
income
154
266
-
-
total
154
266
-
-
Dividends
655
1 134
-
-
withholding
98
170
-
-
total
98
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
544
436
689
668
After tax
856
964
711
732
Living cost
300
300
300
300
Free-cash
556
664
411
432

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
€388
€52
€453
€457
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
-
-
-
1 400
chamber of commerce
-
-
-
6
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
311
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
689
Employee
443
404
1 087
-
income
39
30
253
-
pensions
45
41
111
-
unemployment
13
12
33
-
health
17
16
42
-
other
4
4
11
-
total
118
103
450
-
Employer
443
404
1 087
-
pensions
56
51
136
-
other
21
19
52
-
accident
6
5
14
-
health
17
15
41
-
payroll
13
12
33
-
chamber of commerce
2
2
4
-
unemployment
13
12
33
-
surtax
-
-
-
-
total
128
116
313
-
Corporate
830
880
1 049
-
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.

207
220
262
-
total
207
220
262
-
Dividends
622
660
-
-
withholding
171
181
-
-
total
171
181
-
-
Income
1 400
1 400
1 400
1 400
Total tax
624
620
1 025
689
After tax
776
780
375
711
Living cost
323
323
323
323
Free-cash
453
457
52
388

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
€1244
€978
€1161
€1188
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%.

-
-
-
1 400
microenterprise

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

-
-
-
14
total
-
-
-
14
Employee
178
-
1 400
-
income
36
-
280
-
total
36
-
280
-
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%.

1 222
1 400
-
-
total
-
-
-
-
Dividends
1 222
1 400
-
-
withholding
61
70
-
-
total
61
70
-
-
Income
1 400
1 400
1 400
1 400
Total tax
97
70
280
14
After tax
1 303
1 330
1 120
1 386
Living cost
142
142
142
142
Free-cash
1 161
1 188
978
1 244

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
€431
€394
€607
€692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 400
unemployment
-
-
-
2
health
-
-
-
138
income
-
-
-
301
pensions
-
-
-
256
total
-
-
-
697
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
-
1 211
-
income
77
-
277
-
pensions
69
-
188
-
unemployment
1
-
2
-
health
29
-
78
-
total
176
-
545
-
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
-
1 211
-
pensions
40
-
107
-
health
30
-
81
-
unemployment
-
-
1
-
total
70
-
189
-
Corporate
882
1 400
-
-
income
168
266
-
-
total
168
266
-
-
Dividends
715
1 134
-
-
withholding
107
170
-
-
total
107
170
-
-
Income
1 400
1 400
1 400
1 400
Total tax
521
436
734
697
After tax
879
964
666
703
Living cost
272
272
272
272
Free-cash
607
692
394
431

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
€531
€831
-€107
€416
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
-
-
-
1 400
social contributions
-
-
-
160
income
-
-
-
273
total
-
-
-
433
Employee
625
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
625
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
-
1 400
-
-
income
-
308
-
-
total
-
308
-
-
Dividends
-
1 092
-
-
income
-
240
-
-
total
-
240
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 071
548
133
433
After tax
329
852
1 267
967
Living cost
436
436
436
436
Free-cash
-107
416
831
531

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
€445
€350
€468
€478
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.

-
-
-
1 400
social contributions

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

-
-
-
486
income
-
-
-
151
surtax
-
-
-
-
total
-
-
-
637
Employee
466
-
1 131
-
income
97
-
339
-
social contributions
51
-
124
-
surtax
-
-
-
-
total
148
-
463
-
Employer
466
-
1 131
-
social contributions
111
-
269
-
total
111
-
269
-
Corporate
823
1 400
-
-
surtax
-
-
-
-
income
173
294
-
-
total
173
294
-
-
Dividends
650
1 106
-
-
withholding
182
310
-
-
total
182
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
614
604
732
637
After tax
786
796
668
763
Living cost
318
318
318
318
Free-cash
468
478
350
445

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
€307
€324
€287
€217
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
-
-
-
1 400
other
-
-
-
43
social contributions
-
-
-
40
health
-
-
-
47
income
-
-
-
188
surtax
-
-
-
-
pensions
-
-
-
286
total
-
-
-
604
Employee
635
-
1 106
-
income
55
-
195
-
pensions
72
-
67
-
social contributions
18
-
32
-
surtax
-
-
-
-
total
145
-
294
-
Employer
635
-
1 106
-
pensions
104
-
115
-
other
22
-
39
-
health
44
-
91
-
unemployment
26
-
45
-
social contributions
2
-
3
-
total
198
-
293
-
Corporate
567
1 400
-
-
surtax
-
-
-
-
income
159
392
-
-
total
159
392
-
-
Dividends
408
1 008
-
-
surtax
-
-
-
-
social contributions
70
173
-
-
withholding
52
129
-
-
total
122
302
-
-
Income
1 400
1 400
1 400
1 400
Total tax
624
694
587
604
After tax
776
706
813
796
Living cost
489
489
489
489
Free-cash
287
217
324
307

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
€739
€776
€922
€955
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
-
-
-
1 400
social contributions
-
-
-
308
income
-
-
-
48
total
-
-
-
356
Employee
326
-
1 212
-
social contributions
21
-
79
-
income
-
-
52
-
total
21
-
131
-
Employer
326
-
1 212
-
social contributions
50
-
188
-
total
50
-
188
-
Corporate
1 024
1 400
-
-
income
102
140
-
-
total
102
140
-
-
Dividends
921
1 260
-
-
total
-
-
-
-
Income
1 400
1 400
1 400
1 400
Total tax
173
140
319
356
After tax
1 227
1 260
1 081
1 044
Living cost
305
305
305
305
Free-cash
922
955
776
739

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
€360
-€809
-€809
-€809
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
-
-
-
1 400
municipal
-
-
-
280
national
-
-
-
152
labour market
-
-
-
111
pensions
-
-
-
9
total
-
-
-
552
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
1 400
1 400
1 400
1 400
Total tax
1 721
1 721
1 721
552
After tax
-321
-321
-321
848
Living cost
488
488
488
488
Free-cash
-809
-809
-809
360

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
€739
€528
€80
-€106
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
-
-
-
1 400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
371
pensions
-
-
-
42
total
-
-
-
442
Employee
344
-
1 238
-
income
47
-
272
-
pensions
39
-
77
-
health
39
-
142
-
total
125
-
491
-
Employer
344
-
1 238
-
pensions
56
-
111
-
accident
6
-
21
-
unemployment
8
-
30
-
total
70
-
162
-
Corporate
986
1 400
-
-
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.

887
1 260
-
-
total
887
1 260
-
-
Dividends
99
140
-
-
withholding
19
27
-
-
total
19
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 101
1 287
653
442
After tax
299
113
747
958
Living cost
219
219
219
219
Free-cash
80
-106
528
739

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
€562
€369
€524
€512
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

-
-
-
1 400
municipal
-
-
-
249
health
-
-
-
17
national
-
-
-
183
total
-
-
-
449
Employee
533
-
1 178
-
pensions
36
-
80
-
national
9
-
116
-
municipal
87
-
192
-
unemployment
8
-
18
-
health
4
-
14
-
total
144
-
420
-
Employer
533
-
1 178
-
pensions
92
-
204
-
accident
1
-
1
-
health
4
-
9
-
unemployment
3
-
8
-
total
100
-
222
-
Corporate
766
1 400
-
-
income
153
280
-
-
total
153
280
-
-
Dividends

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

460
840
-
-
municipal
83
151
-
-
national
7
68
-
-
total
90
219
-
-
Income
1 400
1 400
1 400
1 400
Total tax
487
499
642
449
After tax
913
901
758
951
Living cost
389
389
389
389
Free-cash
524
512
369
562

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
€741
€728
€733
€787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
social contributions
-
-
-
164
health
-
-
-
36
income
-
-
-
224
total
-
-
-
424
Employee
779
779
1 289
-
income
85
72
217
-
social contributions
29
65
87
-
health
6
13
22
-
total
120
150
326
-
Employer
779
779
1 289
-
health
7
14
24
-
social contributions
29
65
87
-
total
36
79
111
-
Corporate
1 009
542
-
-
income
126
68
-
-
total
126
68
-
-
Dividends
883
474
-
-
withholding
150
81
-
-
total
150
81
-
-
Income
1 400
1 400
1 400
1 400
Total tax
432
378
437
424
After tax
968
1 022
963
976
Living cost
235
235
235
235
Free-cash
733
787
728
741

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
€999
€795
€946
€998
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
-
-
-
1 400
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
139
pensions
-
-
-
64
total
-
-
-
240
Employee

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

233
-
1 301
-
income
16
-
114
-
pensions
35
-
144
-
unemployment
1
-
5
-
health
20
-
82
-
total
72
-
345
-
Employer

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

233
-
1 301
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 143
1 400
-
-
income
103
126
-
-
total
103
126
-
-
Dividends
1 041
1 274
-
-
withholding
94
115
-
-
total
94
115
-
-
Income
1 400
1 400
1 400
1 400
Total tax
293
241
444
240
After tax
1 107
1 159
956
1 160
Living cost
161
161
161
161
Free-cash
946
998
795
999

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
€508
€458
€611
€659
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
-
-
-
1 400
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
331
pensions
-
-
-
266
total
-
-
-
613
Employee
375
-
1 101
-
income
72
-
302
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
total
96
-
362
-
Employer
375
-
1 101
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
unemployment
21
-
52
-
total
119
-
301
-
Corporate
906
1 400
-
-
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.

136
210
-
-
total
136
210
-
-
Dividends
770
1 190
-
-
withholding
159
252
-
-
total
159
252
-
-
Income
1 400
1 400
1 400
1 400
Total tax
510
462
663
613
After tax
890
938
737
787
Living cost
279
279
279
279
Free-cash
611
659
458
508

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
€866
€864
€841
€846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 400
health
-
-
-
15
income
-
-
-
471
pensions
-
-
-
20
total
-
-
-
506
Employee
42
-
1 377
-
income
8
-
470
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
485
-
Employer
42
-
1 377
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
1 348
1 400
-
-
income
297
308
-
-
total
297
308
-
-
Dividends
1 052
1 092
-
-
withholding
210
218
-
-
total
210
218
-
-
Income
1 400
1 400
1 400
1 400
Total tax
531
526
508
506
After tax
869
874
892
894
Living cost
28
28
28
28
Free-cash
841
846
864
866

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
€634
€632
€786
€836
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.

-
-
-
1 400
unemployment
-
-
-
11
health
-
-
-
77
income
-
-
-
308
pensions
-
-
-
195
total
-
-
-
591
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
-
1 266
-
income
36
-
308
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
39
-
total
89
-
458
-
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
-
1 266
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 088
1 400
-
-
income
163
210
-
-
total
163
210
-
-
Dividends
925
1 190
-
-
withholding
139
179
-
-
total
139
179
-
-
Income
1 400
1 400
1 400
1 400
Total tax
439
389
593
591
After tax
961
1 011
807
809
Living cost
175
175
175
175
Free-cash
786
836
632
634

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
€490
€395
€520
€523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 400
social contributions

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

-
-
-
486
income
-
-
-
151
surtax
-
-
-
-
total
-
-
-
637
Employee
393
-
1 131
-
income
77
-
339
-
social contributions
43
-
124
-
surtax
-
-
-
-
total
120
-
463
-
Employer
393
-
1 131
-
social contributions
93
-
269
-
total
93
-
269
-
Corporate
913
1 400
-
-
surtax
-
-
-
-
income
192
294
-
-
total
192
294
-
-
Dividends
722
1 106
-
-
withholding
202
310
-
-
total
202
310
-
-
Income
1 400
1 400
1 400
1 400
Total tax
607
604
732
637
After tax
793
796
668
763
Living cost
273
273
273
273
Free-cash
520
523
395
490

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
€431
€381
€509
€582
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
-
-
-
1 400
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
331
pensions
-
-
-
266
total
-
-
-
613
Employee
489
-
1 101
-
income
102
-
302
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
133
-
362
-
Employer
489
-
1 101
-
pensions
116
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
755
1 400
-
-
income

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

113
210
-
-
total
113
210
-
-
Dividends
641
1 190
-
-
withholding
132
252
-
-
total
132
252
-
-
Income
1 400
1 400
1 400
1 400
Total tax
535
462
663
613
After tax
865
938
737
787
Living cost
356
356
356
356
Free-cash
509
582
381
431

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
€922
€973
€961
€1023
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
-
-
-
1 400
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
210
pensions

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

-
-
-
52
total
-
-
-
304
Employee
231
-
1 331
-
income
23
-
133
-
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
-
184
-
Employer
231
-
1 331
-
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
1 124
1 400
-
-
income
112
140
-
-
total
112
140
-
-
Dividends
1 012
1 260
-
-
withholding
51
63
-
-
total
51
63
-
-
Income
1 400
1 400
1 400
1 400
Total tax
265
203
253
304
After tax
1 135
1 197
1 147
1 096
Living cost
174
174
174
174
Free-cash
961
1 023
973
922

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
€396
€529
€464
€329
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.

-
-
-
1 400
trade
-
-
-
133
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.

-
-
-
390
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.

-
-
-
21
total
-
-
-
613
Employee

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

504
-
1 400
-
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
-
21
-
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
-
390
-
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
-
480
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
896
1 400
-
-
trade
129
201
-
-
surtax

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

7
12
-
-
income
134
210
-
-
chamber of commerce
3
4
-
-
total
273
427
-
-
Dividends
623
974
-
-
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
13
-
-
withholding
152
240
-
-
total
160
253
-
-
Income
1 400
1 400
1 400
1 400
Total tax
545
680
480
613
After tax
855
720
920
787
Living cost
391
391
391
391
Free-cash
464
329
529
396

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
€206
€206
€425
€403
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
-
-
-
1 400
social contributions
-
-
-
225
income
-
-
-
392
total
-
-
-
617
Employee
793
-
1 400
-
social contributions
66
-
225
-
income
150
-
392
-
total
216
-
617
-
Employer
793
-
1 400
-
total
-
-
-
-
Corporate
607
1 400
-
-
income
76
175
-
-
total
76
175
-
-
Dividends
531
1 225
-
-
withholding
106
245
-
-
total
106
245
-
-
Income
1 400
1 400
1 400
1 400
Total tax
398
420
617
617
After tax
1 002
980
783
783
Living cost
577
577
577
577
Free-cash
425
403
206
206

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
€676
€650
€523
€488
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.

-
-
-
1 400
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
-
1 353
-
social contributions
47
-
47
-
income
50
-
288
-
total
97
-
335
-
Employer
465
-
1 353
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
889
1 400
-
-
income
311
490
-
-
total
311
490
-
-
Dividends
578
910
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 400
1 400
1 400
1 400
Total tax
509
544
382
356
After tax
891
856
1 018
1 044
Living cost
368
368
368
368
Free-cash
523
488
650
676

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
€579
€451
€612
€580
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
-
-
-
1 400
income
-
-
-
358
pensions
-
-
-
84
total
-
-
-
442
Employee
520
-
1 227
-
income
95
-
272
-
pensions
40
-
106
-
health
7
-
19
-
total
142
-
397
-
Employer
520
-
1 227
-
pensions
52
-
150
-
health
10
-
23
-
total
62
-
173
-
Corporate
818
1 400
-
-
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.

155
266
-
-
total
155
266
-
-
Dividends
663
1 134
-
-
withholding
50
175
-
-
total
50
175
-
-
Income
1 400
1 400
1 400
1 400
Total tax
409
441
570
442
After tax
991
959
830
958
Living cost
379
379
379
379
Free-cash
612
580
451
579

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
€718
€507
€77
-€127
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
-
-
-
1 400
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
371
pensions
-
-
-
42
total
-
-
-
442
Employee
378
-
1 238
-
income
52
-
272
-
pensions
43
-
77
-
health
43
-
142
-
total
138
-
491
-
Employer
378
-
1 238
-
pensions
62
-
111
-
accident
6
-
21
-
unemployment
9
-
30
-
total
77
-
162
-
Corporate
945
1 400
-
-
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.

850
1 260
-
-
total
850
1 260
-
-
Dividends
94
140
-
-
withholding
18
27
-
-
total
18
27
-
-
Income
1 400
1 400
1 400
1 400
Total tax
1 083
1 287
653
442
After tax
317
113
747
958
Living cost
240
240
240
240
Free-cash
77
-127
507
718

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

Close
Skopje , Macedonia
€652
€815
€994
€1041
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.

-
-
-
1 400
work injury
-
-
-
7
unemployment
-
-
-
17
income
-
-
-
225
health insurance
-
-
-
104
pensions
-
-
-
258
total
-
-
-
611
Employee

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

219
-
1 400
-
income
22
-
225
-
work injury
1
-
4
-
pensions
40
-
149
-
unemployment
3
-
10
-
health insurance
16
-
60
-
total
82
-
448
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 181
1 400
-
-
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%.

12
14
-
-
total
12
14
-
-
Dividends
1 169
1 386
-
-
withholding
175
208
-
-
total
175
208
-
-
Income
1 400
1 400
1 400
1 400
Total tax
269
222
448
611
After tax
1 131
1 178
952
789
Living cost
137
137
137
137
Free-cash
994
1 041
815
652

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
€271
€207
€288
€334
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
-
-
-
1 400
social contributions
-
-
-
360
municipal
-
-
-
9
national
-
-
-
324
regional
-
-
-
32
total
-
-
-
725
Employee
854
-
1 400
-
national
144
-
282
-
social contributions
288
-
472
-
municipal
5
-
8
-
regional
13
-
27
-
total
450
-
789
-
Employer
854
-
1 400
-
total
-
-
-
-
Corporate
546
1 400
-
-
nationa
131
336
-
-
municipal
26
67
-
-
total
157
403
-
-
Dividends
389
997
-
-
withholding
101
259
-
-
total
101
259
-
-
Income
1 400
1 400
1 400
1 400
Total tax
708
662
789
725
After tax
692
738
611
675
Living cost
404
404
404
404
Free-cash
288
334
207
271

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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