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
€ 1450
per

Your estimated
City
free-cash

Dresden , Germany
€425
€537
€486
€640
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.

-
-
-
1 450
trade
-
-
-
154
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.

-
-
-
411
health

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

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

-
-
-
69
surtax

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

-
-
-
23
total
-
-
-
657
Employee

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

388
-
1 450
-
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
-
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
-
23
-
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
-
411
-
total
81
-
503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 062
1 450
-
-
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
12
-
-
income
159
218
-
-
trade
167
228
-
-
chamber of commerce
3
4
-
-
total
338
462
-
-
Dividends
724
989
-
-
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.

10
13
-
-
withholding
177
243
-
-
total
187
256
-
-
Income
1 450
1 450
1 450
1 450
Total tax
606
718
503
657
After tax
844
732
947
793
Living cost
307
307
307
307
Free-cash
537
425
640
486

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
€393
€383
€348
€362
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
-
-
-
1 450
municipal
-
-
-
157
pensions
-
-
-
174
national
-
-
-
243
social contributions
-
-
-
16
total
-
-
-
590
Employee
794
-
1 254
-
municipal
98
-
162
-
pensions
32
-
50
-
national
152
-
251
-
total
282
-
463
-
Employer
794
-
1 254
-
social contributions
9
-
13
-
pensions
64
-
100
-
total
73
-
113
-
Corporate
532
1 450
-
-
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%.

106
290
-
-
total
106
290
-
-
Dividends
425
1 160
-
-
withholding
94
255
-
-
total
94
255
-
-
Income
1 450
1 450
1 450
1 450
Total tax
555
545
576
590
After tax
895
905
874
860
Living cost
512
512
512
512
Free-cash
383
393
362
348

Estimated living cost  is €512 per week

€348
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
€949
€865
€248
€600
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.

-
-
-
1 450
microenterprise
-
-
-
-
income
-
-
-
233
surtax
-
-
-
370
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
total
-
-
-
991
Employee
296
-
1 168
-
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
-
129
-
surtax
-
-
-
-
income
53
-
228
-
total
86
-
357
-
Employer
296
-
1 168
-
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
-
282
-
surtax
-
-
-
-
total
71
-
282
-
Corporate
1 083
1 450
-
-
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%.

217
290
-
-
total
217
290
-
-
Dividends

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

866
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
374
290
639
991
After tax
1 076
1 160
811
459
Living cost
211
211
211
211
Free-cash
865
949
600
248

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
€287
€226
€399
€444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
382
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
626
Employee
865
865
1 262
-
health
133
113
125
-
income

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

142
142
148
-
pensions
156
119
119
-
total
431
374
392
-
Employer
865
865
1 262
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
444
433
-
-
income
89
87
-
-
total
89
87
-
-
Dividends
355
346
-
-
income
75
74
-
-
withholding
53
52
-
-
total
128
126
-
-
Income
1 450
1 450
1 450
1 450
Total tax
799
738
581
626
After tax
651
712
869
824
Living cost
425
425
425
425
Free-cash
226
287
444
399

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
€400
€391
€369
€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
-
-
-
1 450
municipal
-
-
-
358
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
81
total
-
-
-
689
Employee
558
-
1 180
-
municipal
166
-
352
-
national
-
-
76
-
total
166
-
428
-
Employer
558
-
1 180
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
717
1 450
-
-
income
158
319
-
-
total
158
319
-
-
Dividends
559
1 131
-
-
withholding
168
339
-
-
total
168
339
-
-
Income
1 450
1 450
1 450
1 450
Total tax
667
658
699
689
After tax
783
792
751
761
Living cost
392
392
392
392
Free-cash
391
400
359
369

Estimated living cost  is €392 per week

€259
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.
€88
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
€325
€470
€388
€549
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.

-
-
-
1 450
trade
-
-
-
161
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.

-
-
-
411
health

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

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

-
-
-
69
surtax

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

-
-
-
23
total
-
-
-
664
Employee

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

514
-
1 450
-
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
-
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
-
23
-
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
-
411
-
total
115
-
503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
936
1 450
-
-
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
140
218
-
-
trade
154
239
-
-
chamber of commerce
3
4
-
-
total
305
473
-
-
Dividends
631
978
-
-
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
154
241
-
-
total
162
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
582
727
503
664
After tax
868
723
947
786
Living cost
398
398
398
398
Free-cash
470
325
549
388

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
€730
€688
€679
€665
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
-
-
-
1 450
income
-
-
-
241
health
-
-
-
37
social contributions
-
-
-
164
total
-
-
-
442
Employee
779
779
1 338
-
social contributions
38
65
87
-
health
8
13
23
-
income
82
72
234
-
total
128
150
344
-
Employer
779
779
1 338
-
social contributions
38
65
87
-
health
8
14
25
-
total
46
79
112
-
Corporate
948
592
-
-
income
118
74
-
-
total
118
74
-
-
Dividends
829
518
-
-
withholding
141
88
-
-
total
141
88
-
-
Income
1 450
1 450
1 450
1 450
Total tax
433
391
456
442
After tax
1 017
1 059
994
1 008
Living cost
329
329
329
329
Free-cash
688
730
665
679

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
€630
€634
€821
€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
-
-
-
1 450
income
-
-
-
177
pensions
-
-
-
145
unemployment
-
-
-
22
health
-
-
-
101
total
-
-
-
445
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.

266
106
1 213
-
health
19
7
85
-
income
32
13
148
-
pensions
27
11
121
-
unemployment
4
2
18
-
total
82
33
372
-
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.

266
106
1 213
-
pensions
52
21
237
-
total
52
21
237
-
Corporate
1 132
1 324
-
-
income
102
119
-
-
total
102
119
-
-
Dividends
1 030
1 204
-
-
social contributions
200
234
-
-
withholding
196
229
-
-
total
396
463
-
-
Income
1 450
1 450
1 450
1 450
Total tax
632
636
609
445
After tax
818
814
841
1 005
Living cost
184
184
184
184
Free-cash
634
630
657
821

Estimated living cost  is €184 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
€915
€852
€533
€590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
194
pensions
-
-
-
290
health
-
-
-
188
total
-
-
-
672
Employee
287
-
1 084
-
income
32
-
209
-
pensions
6
-
22
-
unemployment
5
-
17
-
total
43
-
248
-
Employer
287
-
1 084
-
unemployment
2
-
9
-
pensions
58
-
217
-
health
37
-
141
-
total
97
-
367
-
Corporate
1 065
1 450
-
-
income
213
290
-
-
total
213
290
-
-
Dividends
852
1 160
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
353
290
615
672
After tax
1 097
1 160
835
778
Living cost
245
245
245
245
Free-cash
852
915
590
533

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
-€105
€82
€770
€554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
387
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
458
Employee
349
-
1 286
-
health
40
-
147
-
income
48
-
286
-
pensions
39
-
77
-
total
127
-
510
-
Employer
349
-
1 286
-
accident
6
-
21
-
unemployment
9
-
32
-
pensions
57
-
111
-
total
72
-
164
-
Corporate
1 030
1 450
-
-
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.

927
1 305
-
-
total
927
1 305
-
-
Dividends
103
145
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 146
1 333
674
458
After tax
304
117
776
992
Living cost
222
222
222
222
Free-cash
82
-105
554
770

Estimated living cost  is €222 per week

€162
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
€1286
€1269
€1344
€1069
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%.

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
114
-
1 450
-
income
23
-
290
-
total
23
-
290
-
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%.

1 336
1 450
-
-
total
-
-
-
-
Dividends
1 336
1 450
-
-
withholding
67
73
-
-
total
67
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
90
73
290
15
After tax
1 360
1 377
1 160
1 435
Living cost
91
91
91
91
Free-cash
1 269
1 286
1 069
1 344

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
€796
€726
€500
€560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
199
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.

-
-
-
348
other
-
-
-
69
health
-
-
-
64
total
-
-
-
680
Employee
368
-
1 158
-
health
5
-
16
-
income
63
-
219
-
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
-
81
-
unemployment
4
-
12
-
total
98
-
328
-
Employer
368
-
1 158
-
accident
3
-
9
-
other
18
-
58
-
unemployment
4
-
12
-
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
-
197
-
health
5
-
16
-
total
93
-
292
-
Corporate
989
1 450
-
-
income
208
304
-
-
total
208
304
-
-
Dividends
782
1 146
-
-
withholding
55
80
-
-
total
55
80
-
-
Income
1 450
1 450
1 450
1 450
Total tax
454
384
620
680
After tax
996
1 066
830
770
Living cost
270
270
270
270
Free-cash
726
796
560
500

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
€305
€266
€307
€174
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
-
-
-
1 450
income
-
-
-
378
pensions
-
-
-
85
total
-
-
-
463
Employee
962
-
1 270
-
health
16
-
20
-
income
173
-
289
-
pensions
93
-
107
-
total
282
-
416
-
Employer
962
-
1 270
-
pensions
114
-
156
-
health
18
-
24
-
total
132
-
180
-
Corporate
356
1 450
-
-
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.

68
276
-
-
total
68
276
-
-
Dividends
288
1 174
-
-
withholding
22
189
-
-
total
22
189
-
-
Income
1 450
1 450
1 450
1 450
Total tax
504
465
596
463
After tax
946
985
854
987
Living cost
680
680
680
680
Free-cash
266
305
174
307

Estimated living cost  is €680 per week

€510
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
€1107
€1060
€1005
€1059
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
-
-
-
1 450
income
-
-
-
218
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
312
Employee
176
-
1 381
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
138
-
pensions

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

15
-
31
-
total
43
-
189
-
Employer
176
-
1 381
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 239
1 450
-
-
income
124
145
-
-
total
124
145
-
-
Dividends
1 115
1 305
-
-
withholding
56
65
-
-
total
56
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
257
210
258
312
After tax
1 193
1 240
1 192
1 138
Living cost
133
133
133
133
Free-cash
1 060
1 107
1 059
1 005

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
€150
€176
€262
€307
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
-
-
-
1 450
income
-
-
-
382
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
626
Employee
940
865
1 262
-
health
117
113
125
-
income

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

142
142
148
-
pensions
119
119
119
-
total
378
374
392
-
Employer
940
865
1 262
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
346
433
-
-
income
69
87
-
-
total
69
87
-
-
Dividends
277
346
-
-
income
59
74
-
-
withholding
42
52
-
-
total
101
126
-
-
Income
1 450
1 450
1 450
1 450
Total tax
712
738
581
626
After tax
738
712
869
824
Living cost
562
562
562
562
Free-cash
176
150
307
262

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
€755
€669
€526
€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
-
-
-
1 450
income
-
-
-
136
health
-
-
-
196
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
681
Employee
357
-
1 082
-
social contributions
23
-
70
-
health
48
-
146
-
solidarity contribution
-
-
-
-
income
43
-
130
-
total
114
-
346
-
Employer
357
-
1 082
-
social contributions
89
-
271
-
health
32
-
97
-
total
121
-
368
-
Corporate
972
1 450
-
-
income
185
276
-
-
total
185
276
-
-
Dividends
787
1 174
-
-
withholding
118
176
-
-
total
118
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
538
452
714
681
After tax
912
998
736
769
Living cost
243
243
243
243
Free-cash
669
755
493
526

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
€345
€293
€284
€216
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
-
-
-
1 450
municipal
-
-
-
9
regional
-
-
-
17
national
-
-
-
339
social contributions
-
-
-
373
total
-
-
-
738
Employee
901
-
1 450
-
social contributions
304
-
489
-
regional
8
-
15
-
municipal
5
-
8
-
national
156
-
294
-
total
473
-
806
-
Employer
901
-
1 450
-
total
-
-
-
-
Corporate
549
1 450
-
-
nationa
132
348
-
-
municipal
21
57
-
-
total
153
405
-
-
Dividends
396
1 045
-
-
withholding
103
272
-
-
total
103
272
-
-
Income
1 450
1 450
1 450
1 450
Total tax
729
677
806
738
After tax
721
773
644
712
Living cost
428
428
428
428
Free-cash
293
345
216
284

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
€688
€656
€465
€427
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
-
-
-
1 450
income
-
-
-
344
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
49
total
-
-
-
761
Employee
335
-
1 198
-
other
-
-
-
-
health
9
-
31
-
surtax
1
-
43
-
income
56
-
310
-
pensions
22
-
80
-
unemployment
23
-
83
-
total
111
-
547
-
Employer
335
-
1 198
-
other
-
-
-
-
unemployment
11
-
38
-
pensions
45
-
160
-
health
15
-
54
-
total
71
-
252
-
Corporate
1 044
1 450
-
-
income
272
377
-
-
total
272
377
-
-
Dividends
773
1 073
-
-
withholding
116
161
-
-
total
116
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
570
538
799
761
After tax
880
912
651
689
Living cost
224
224
224
224
Free-cash
656
688
427
465

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
€520
€542
€522
€389
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
-
-
-
1 450
income
-
-
-
378
pensions
-
-
-
85
total
-
-
-
463
Employee
645
-
1 270
-
health
9
-
20
-
income
116
-
289
-
pensions
55
-
107
-
total
180
-
416
-
Employer
645
-
1 270
-
pensions
70
-
156
-
health
12
-
24
-
total
82
-
180
-
Corporate
723
1 450
-
-
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.

137
276
-
-
total
137
276
-
-
Dividends
586
1 174
-
-
withholding
44
189
-
-
total
44
189
-
-
Income
1 450
1 450
1 450
1 450
Total tax
443
465
596
463
After tax
1 007
985
854
987
Living cost
465
465
465
465
Free-cash
542
520
389
522

Estimated living cost  is €465 per week

€348
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
-€103
€226
€423
€351
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
-
-
-
1 450
city
-
-
-
15
pensions
-
-
-
133
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.

-
-
-
29
regional
-
-
-
64
health
-
-
-
3
national
-
-
-
17
total
-
-
-
261
Employee
896
-
1 298
-
city
10
-
14
-
regional
29
-
55
-
health
2
-
3
-
pensions
75
-
109
-
unemployment
-
-
-
-
national
4
-
14
-
total
120
-
195
-
Employer
896
-
1 298
-
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
-
26
-
unemployment
-
-
-
-
pensions
75
-
109
-
health
2
-
3
-
total
95
-
138
-
Corporate
449
1 450
-
-
regional
95
307
-
-
national
38
123
-
-
total
133
430
-
-
Dividends
316
1 020
-
-
withholding
110
357
-
-
total
110
357
-
-
Income
1 450
1 450
1 450
1 450
Total tax
458
787
333
261
After tax
992
663
1 117
1 189
Living cost
766
766
766
766
Free-cash
226
-103
351
423

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
€252
€417
€315
€483
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.

-
-
-
1 450
trade
-
-
-
168
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.

-
-
-
411
health

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

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

-
-
-
69
surtax

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

-
-
-
23
total
-
-
-
671
Employee

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

609
-
1 450
-
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
-
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
-
23
-
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
-
411
-
total
145
-
503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
841
1 450
-
-
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
126
218
-
-
trade
144
249
-
-
chamber of commerce
3
4
-
-
total
280
483
-
-
Dividends
561
968
-
-
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
136
238
-
-
total
144
251
-
-
Income
1 450
1 450
1 450
1 450
Total tax
569
734
503
671
After tax
881
716
947
779
Living cost
464
464
464
464
Free-cash
417
252
483
315

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
€383
€444
€476
€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
-
-
-
1 450
income
-
-
-
200
pensions
-
-
-
290
other
-
-
-
45
health
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
627
Employee
434
-
1 142
-
social contributions
12
-
33
-
surtax
-
-
-
-
income
26
-
204
-
pensions
49
-
71
-
total
87
-
308
-
Employer
434
-
1 142
-
other
15
-
41
-
social contributions
1
-
3
-
unemployment
18
-
46
-
pensions
71
-
121
-
health
30
-
96
-
total
135
-
307
-
Corporate
881
1 450
-
-
surtax
-
-
-
-
income
247
406
-
-
total
247
406
-
-
Dividends
634
1 044
-
-
surtax
-
-
-
-
social contributions
109
180
-
-
withholding
81
134
-
-
total
190
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
659
720
615
627
After tax
791
730
835
823
Living cost
347
347
347
347
Free-cash
444
383
488
476

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
€418
€474
€511
€523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
200
pensions
-
-
-
290
other
-
-
-
45
health
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
627
Employee
387
-
1 142
-
social contributions
11
-
33
-
surtax
-
-
-
-
income
20
-
204
-
pensions
44
-
71
-
total
75
-
308
-
Employer
387
-
1 142
-
other
13
-
41
-
social contributions
1
-
3
-
unemployment
16
-
46
-
pensions
64
-
121
-
health
27
-
96
-
total
121
-
307
-
Corporate
942
1 450
-
-
surtax
-
-
-
-
income
264
406
-
-
total
264
406
-
-
Dividends
678
1 044
-
-
surtax
-
-
-
-
social contributions
117
180
-
-
withholding
87
134
-
-
total
204
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
664
720
615
627
After tax
786
730
835
823
Living cost
312
312
312
312
Free-cash
474
418
523
511

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
€670
€676
€716
€696
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
-
-
-
1 450
income
-
-
-
218
health
-
-
-
101
social contributions
-
-
-
200
total
-
-
-
519
Employee
344
-
1 450
-
social contributions
47
-
200
-
health
24
-
101
-
income
57
-
238
-
total
128
-
539
-
Employer
344
-
1 450
-
total
-
-
-
-
Corporate
1 106
1 450
-
-
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%.

55
72
-
-
total
55
72
-
-
Dividends
1 051
1 378
-
-
health
73
96
-
-
social contributions
145
190
-
-
withholding
158
207
-
-
total
376
493
-
-
Income
1 450
1 450
1 450
1 450
Total tax
559
565
539
519
After tax
891
885
911
931
Living cost
215
215
215
215
Free-cash
676
670
696
716

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
€449
€432
€381
€27
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
-
-
-
1 450
chamber of commerce
-
-
-
6
income
-
-
-
332
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
712
Employee
506
404
1 124
-
other
5
4
11
-
health
20
16
44
-
income
58
30
266
-
pensions
52
41
115
-
unemployment
15
12
34
-
total
150
103
470
-
Employer
506
404
1 124
-
accident
7
5
15
-
other
24
19
53
-
chamber of commerce
2
2
4
-
unemployment
15
12
34
-
surtax
2
2
2
-
pensions
64
51
141
-
payroll
15
12
34
-
health
19
15
42
-
total
148
118
325
-
Corporate
796
928
1 086
-
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.

199
232
271
-
total
199
232
271
-
Dividends
597
696
-
-
withholding
164
191
-
-
total
164
191
-
-
Income
1 450
1 450
1 450
1 450
Total tax
661
644
1 066
712
After tax
789
806
384
738
Living cost
357
357
357
357
Free-cash
432
449
27
381

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
€442
€290
€268
€158
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
-
-
-
1 450
national
-
-
-
512
communal

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

-
-
-
73
social contributions
-
-
-
228
total
-
-
-
813
Employee

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

725
-
1 123
-
communal

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

38
-
59
-
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
-
53
-
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
-
84
-
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
-
10
-
national
223
-
389
-
total
355
-
595
-
Employer

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

725
-
1 123
-
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
-
15
-
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
-
127
-
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
-
100
-
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
-
69
-
total
211
-
327
-
Corporate
514
1 450
-
-
surtax
2
6
-
-
income
103
290
-
-
total
105
296
-
-
Dividends
409
1 154
-
-
withholding

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

119
343
-
-
total
119
343
-
-
Income
1 450
1 450
1 450
1 450
Total tax
790
639
922
813
After tax
660
811
528
637
Living cost
370
370
370
370
Free-cash
290
442
158
268

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
€604
€529
€451
€402
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
8
income
-
-
-
351
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
633
Employee
504
-
1 151
-
other
-
-
1
-
income
106
-
321
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
381
-
Employer
504
-
1 151
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
785
1 450
-
-
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.

118
218
-
-
total
118
218
-
-
Dividends
667
1 232
-
-
withholding
138
262
-
-
total
138
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
555
480
682
633
After tax
895
970
768
817
Living cost
366
366
366
366
Free-cash
529
604
402
451

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
€314
€205
€203
€260
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
-
-
-
1 450
accident
-
-
-
12
income
-
-
-
201
pensions
-
-
-
217
health
-
-
-
102
surtax
-
-
-
72
communal
-
-
-
92
total
-
-
-
696
Employee
767
-
1 295
-
health
34
-
58
-
surtax
47
-
79
-
income
74
-
242
-
pensions
61
-
104
-
total
216
-
483
-
Employer
767
-
1 295
-
accident
7
-
12
-
pensions
61
-
104
-
health
23
-
40
-
total
91
-
156
-
Corporate
591
1 450
-
-
surtax
6
15
-
-
communal
40
98
-
-
income
89
218
-
-
total
135
331
-
-
Dividends
456
1 119
-
-
income
184
86
-
-
withholding
68
168
-
-
total
252
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
694
585
639
696
After tax
756
865
811
754
Living cost
551
551
551
551
Free-cash
205
314
260
203

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
€684
€650
€461
€423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
income
-
-
-
344
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
49
total
-
-
-
761
Employee
341
-
1 198
-
other
-
-
-
-
health
9
-
31
-
surtax
1
-
43
-
income
57
-
310
-
pensions
23
-
80
-
unemployment
24
-
83
-
total
114
-
547
-
Employer
341
-
1 198
-
other
-
-
-
-
unemployment
11
-
38
-
pensions
46
-
160
-
health
16
-
54
-
total
73
-
252
-
Corporate
1 037
1 450
-
-
income
270
377
-
-
total
270
377
-
-
Dividends
767
1 073
-
-
withholding
115
161
-
-
total
115
161
-
-
Income
1 450
1 450
1 450
1 450
Total tax
572
538
799
761
After tax
878
912
651
689
Living cost
228
228
228
228
Free-cash
650
684
423
461

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
€489
€466
€434
€366
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
-
-
-
1 450
municipal
-
-
-
9
regional
-
-
-
22
national
-
-
-
339
social contributions
-
-
-
373
total
-
-
-
743
Employee
562
-
1 450
-
social contributions
190
-
489
-
regional
8
-
20
-
municipal
3
-
8
-
national
89
-
294
-
total
290
-
811
-
Employer
562
-
1 450
-
total
-
-
-
-
Corporate
888
1 450
-
-
nationa
213
348
-
-
municipal
44
72
-
-
total
257
420
-
-
Dividends
631
1 030
-
-
withholding
164
268
-
-
total
164
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
711
688
811
743
After tax
739
762
639
707
Living cost
273
273
273
273
Free-cash
466
489
366
434

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
€699
€591
€470
€437
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
-
-
-
1 450
income
-
-
-
136
health
-
-
-
196
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
681
Employee
440
-
1 082
-
social contributions
29
-
70
-
health
59
-
146
-
solidarity contribution
-
-
-
-
income
53
-
130
-
total
141
-
346
-
Employer
440
-
1 082
-
social contributions
110
-
271
-
health
40
-
97
-
total
150
-
368
-
Corporate
861
1 450
-
-
income
164
276
-
-
total
164
276
-
-
Dividends
697
1 174
-
-
withholding
105
176
-
-
total
105
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
560
452
714
681
After tax
890
998
736
769
Living cost
299
299
299
299
Free-cash
591
699
437
470

Estimated living cost  is €299 per week

€222
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
€484
€480
€417
€61
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
-
-
-
1 450
chamber of commerce
-
-
-
6
income
-
-
-
332
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
710
Employee
443
404
1 126
-
other
4
4
11
-
health
17
16
44
-
income
39
30
266
-
pensions
45
41
115
-
unemployment
13
12
34
-
total
118
103
470
-
Employer
443
404
1 126
-
accident
6
5
15
-
other
21
19
53
-
chamber of commerce
2
2
4
-
unemployment
13
12
34
-
surtax
-
-
-
-
pensions
56
51
141
-
payroll
13
12
34
-
health
17
15
43
-
total
128
116
324
-
Corporate
880
930
1 088
-
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.

220
232
272
-
total
220
232
272
-
Dividends
660
697
-
-
withholding
181
192
-
-
total
181
192
-
-
Income
1 450
1 450
1 450
1 450
Total tax
647
643
1 066
710
After tax
803
807
384
740
Living cost
323
323
323
323
Free-cash
480
484
61
417

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
€1235
€1208
€1293
€1018
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%.

-
-
-
1 450
microenterprise

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

-
-
-
15
total
-
-
-
15
Employee
178
-
1 450
-
income
36
-
290
-
total
36
-
290
-
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%.

1 272
1 450
-
-
total
-
-
-
-
Dividends
1 272
1 450
-
-
withholding
64
73
-
-
total
64
73
-
-
Income
1 450
1 450
1 450
1 450
Total tax
100
73
290
15
After tax
1 350
1 377
1 160
1 435
Living cost
142
142
142
142
Free-cash
1 208
1 235
1 018
1 293

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
€726
€642
€453
€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

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.

-
-
-
1 450
income
-
-
-
315
pensions
-
-
-
265
unemployment
-
-
-
2
health
-
-
-
143
total
-
-
-
725
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
-
1 255
-
health
29
-
81
-
income
77
-
291
-
pensions
69
-
194
-
unemployment
1
-
2
-
total
176
-
568
-
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
-
1 255
-
unemployment
-
-
1
-
pensions
40
-
111
-
health
30
-
84
-
total
70
-
196
-
Corporate
932
1 450
-
-
income
177
276
-
-
total
177
276
-
-
Dividends
755
1 174
-
-
withholding
113
176
-
-
total
113
176
-
-
Income
1 450
1 450
1 450
1 450
Total tax
536
452
764
725
After tax
914
998
686
725
Living cost
272
272
272
272
Free-cash
642
726
414
453

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
€444
-€62
€564
€879
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
-
-
-
1 450
income
-
-
-
283
social contributions
-
-
-
165
total
-
-
-
448
Employee
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
1 450
-
-
income
-
319
-
-
total
-
319
-
-
Dividends
-
1 131
-
-
income
-
249
-
-
total
-
249
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 074
568
133
448
After tax
376
882
1 317
1 002
Living cost
438
438
438
438
Free-cash
-62
444
879
564

Estimated living cost  is €438 per week

€284
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
€507
€497
€470
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 450
income
-
-
-
158
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
662
Employee
466
-
1 172
-
social contributions
51
-
129
-
surtax
-
-
-
-
income
97
-
355
-
total
148
-
484
-
Employer
466
-
1 172
-
social contributions
111
-
278
-
total
111
-
278
-
Corporate
873
1 450
-
-
surtax
-
-
-
-
income
183
304
-
-
total
183
304
-
-
Dividends
690
1 146
-
-
withholding
193
321
-
-
total
193
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
635
625
762
662
After tax
815
825
688
788
Living cost
318
318
318
318
Free-cash
497
507
370
470

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
€241
€312
€334
€346
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
-
-
-
1 450
income
-
-
-
200
pensions
-
-
-
290
other
-
-
-
45
health
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
41
total
-
-
-
627
Employee
635
-
1 142
-
social contributions
18
-
33
-
surtax
-
-
-
-
income
55
-
204
-
pensions
72
-
71
-
total
145
-
308
-
Employer
635
-
1 142
-
other
22
-
41
-
social contributions
2
-
3
-
unemployment
26
-
46
-
pensions
104
-
121
-
health
44
-
96
-
total
198
-
307
-
Corporate
617
1 450
-
-
surtax
-
-
-
-
income
173
406
-
-
total
173
406
-
-
Dividends
444
1 044
-
-
surtax
-
-
-
-
social contributions
76
180
-
-
withholding
57
134
-
-
total
133
314
-
-
Income
1 450
1 450
1 450
1 450
Total tax
649
720
615
627
After tax
801
730
835
823
Living cost
489
489
489
489
Free-cash
312
241
346
334

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
€1000
€967
€774
€812
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
-
-
-
1 450
income
-
-
-
52
social contributions
-
-
-
319
total
-
-
-
371
Employee
326
-
1 255
-
income
-
-
56
-
social contributions
21
-
82
-
total
21
-
138
-
Employer
326
-
1 255
-
social contributions
50
-
195
-
total
50
-
195
-
Corporate
1 074
1 450
-
-
income
107
145
-
-
total
107
145
-
-
Dividends
966
1 305
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
178
145
333
371
After tax
1 272
1 305
1 117
1 079
Living cost
305
305
305
305
Free-cash
967
1 000
812
774

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
-€760
-€760
€387
-€760
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
-
-
-
1 450
municipal
-
-
-
292
pensions
-
-
-
9
national
-
-
-
159
labour market
-
-
-
115
total
-
-
-
575
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 722
1 722
1 722
575
After tax
-272
-272
-272
875
Living cost
488
488
488
488
Free-cash
-760
-760
-760
387

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
-€101
€84
€774
€558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
387
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
458
Employee
343
-
1 286
-
health
39
-
147
-
income
47
-
286
-
pensions
39
-
77
-
total
125
-
510
-
Employer
343
-
1 286
-
accident
6
-
21
-
unemployment
8
-
32
-
pensions
56
-
111
-
total
70
-
164
-
Corporate
1 037
1 450
-
-
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.

933
1 305
-
-
total
933
1 305
-
-
Dividends
104
145
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 148
1 333
674
458
After tax
302
117
776
992
Living cost
218
218
218
218
Free-cash
84
-101
558
774

Estimated living cost  is €218 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
€540
€557
€592
€393
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

-
-
-
1 450
municipal
-
-
-
258
health
-
-
-
18
national
-
-
-
193
total
-
-
-
469
Employee
533
-
1 220
-
health
4
-
15
-
municipal
87
-
199
-
pensions
36
-
82
-
unemployment
8
-
18
-
national
9
-
124
-
total
144
-
438
-
Employer
533
-
1 220
-
accident
1
-
1
-
unemployment
3
-
8
-
pensions
92
-
212
-
health
4
-
9
-
total
100
-
230
-
Corporate
816
1 450
-
-
income
163
290
-
-
total
163
290
-
-
Dividends

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

490
870
-
-
national
9
74
-
-
municipal
88
157
-
-
total
97
231
-
-
Income
1 450
1 450
1 450
1 450
Total tax
504
521
668
469
After tax
946
929
782
981
Living cost
389
389
389
389
Free-cash
557
540
393
592

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
€824
€769
€773
€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
-
-
-
1 450
income
-
-
-
241
health
-
-
-
37
social contributions
-
-
-
164
total
-
-
-
442
Employee
779
779
1 338
-
social contributions
29
65
87
-
health
6
13
23
-
income
85
72
234
-
total
120
150
344
-
Employer
779
779
1 338
-
social contributions
29
65
87
-
health
7
14
25
-
total
36
79
112
-
Corporate
1 059
592
-
-
income
132
74
-
-
total
132
74
-
-
Dividends
927
518
-
-
withholding
158
88
-
-
total
158
88
-
-
Income
1 450
1 450
1 450
1 450
Total tax
446
391
456
442
After tax
1 004
1 059
994
1 008
Living cost
235
235
235
235
Free-cash
769
824
759
773

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
€1040
€988
€1043
€839
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
-
-
-
1 450
income
-
-
-
145
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
246
Employee

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

233
-
1 351
-
health
20
-
82
-
income
16
-
120
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
351
-
Employer

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

233
-
1 351
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 193
1 450
-
-
income
107
130
-
-
total
107
130
-
-
Dividends
1 086
1 320
-
-
withholding
98
119
-
-
total
98
119
-
-
Income
1 450
1 450
1 450
1 450
Total tax
301
249
450
246
After tax
1 149
1 201
1 000
1 204
Living cost
161
161
161
161
Free-cash
988
1 040
839
1 043

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
€691
€645
€538
€489
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
-
-
-
1 450
accident
-
-
-
8
income
-
-
-
351
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
633
Employee
375
-
1 151
-
other
-
-
1
-
income
72
-
321
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
381
-
Employer
375
-
1 151
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
956
1 450
-
-
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.

143
218
-
-
total
143
218
-
-
Dividends
812
1 232
-
-
withholding
168
262
-
-
total
168
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
526
480
682
633
After tax
924
970
768
817
Living cost
279
279
279
279
Free-cash
645
691
489
538

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
€877
€872
€898
€896
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
-
-
-
1 450
income
-
-
-
489
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
524
Employee
42
-
1 427
-
health
2
-
5
-
income
8
-
488
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
503
-
Employer
42
-
1 427
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 398
1 450
-
-
income
308
319
-
-
total
308
319
-
-
Dividends
1 091
1 131
-
-
withholding
218
226
-
-
total
218
226
-
-
Income
1 450
1 450
1 450
1 450
Total tax
550
545
526
524
After tax
900
905
924
926
Living cost
28
28
28
28
Free-cash
872
877
896
898

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
€873
€822
€672
€670
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.

-
-
-
1 450
income
-
-
-
320
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
603
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
-
1 316
-
health
14
-
39
-
income
36
-
320
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
470
-
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
-
1 316
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 138
1 450
-
-
income
171
217
-
-
total
171
217
-
-
Dividends
968
1 233
-
-
withholding
145
185
-
-
total
145
185
-
-
Income
1 450
1 450
1 450
1 450
Total tax
453
402
605
603
After tax
997
1 048
845
847
Living cost
175
175
175
175
Free-cash
822
873
670
672

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
€552
€549
€515
€415
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.

-
-
-
1 450
income
-
-
-
158
surtax
-
-
-
-
social contributions

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

-
-
-
504
total
-
-
-
662
Employee
393
-
1 172
-
social contributions
43
-
129
-
surtax
-
-
-
-
income
77
-
355
-
total
120
-
484
-
Employer
393
-
1 172
-
social contributions
93
-
278
-
total
93
-
278
-
Corporate
963
1 450
-
-
surtax
-
-
-
-
income
202
304
-
-
total
202
304
-
-
Dividends
761
1 146
-
-
withholding
213
321
-
-
total
213
321
-
-
Income
1 450
1 450
1 450
1 450
Total tax
628
625
762
662
After tax
822
825
688
788
Living cost
273
273
273
273
Free-cash
549
552
415
515

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
€614
€542
€461
€412
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
-
-
-
1 450
accident
-
-
-
8
income
-
-
-
351
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
633
Employee
489
-
1 151
-
other
-
-
1
-
income
102
-
321
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
381
-
Employer
489
-
1 151
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
805
1 450
-
-
income

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

121
218
-
-
total
121
218
-
-
Dividends
684
1 232
-
-
withholding
141
262
-
-
total
141
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
552
480
682
633
After tax
898
970
768
817
Living cost
356
356
356
356
Free-cash
542
614
412
461

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
€1066
€1004
€964
€1018
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
-
-
-
1 450
income
-
-
-
218
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
312
Employee
231
-
1 381
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
138
-
pensions

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

20
-
31
-
total
57
-
189
-
Employer
231
-
1 381
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
1 174
1 450
-
-
income
117
145
-
-
total
117
145
-
-
Dividends
1 056
1 305
-
-
withholding
53
65
-
-
total
53
65
-
-
Income
1 450
1 450
1 450
1 450
Total tax
272
210
258
312
After tax
1 178
1 240
1 192
1 138
Living cost
174
174
174
174
Free-cash
1 004
1 066
1 018
964

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
€355
€488
€416
€556
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.

-
-
-
1 450
trade
-
-
-
140
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.

-
-
-
411
health

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

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

-
-
-
69
surtax

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

-
-
-
23
total
-
-
-
643
Employee

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

504
-
1 450
-
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
-
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
-
23
-
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
-
411
-
total
112
-
503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
946
1 450
-
-
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
142
218
-
-
trade
136
208
-
-
chamber of commerce
3
4
-
-
total
289
442
-
-
Dividends
657
1 009
-
-
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
14
-
-
withholding
161
248
-
-
total
170
262
-
-
Income
1 450
1 450
1 450
1 450
Total tax
571
704
503
643
After tax
879
746
947
807
Living cost
391
391
391
391
Free-cash
488
355
556
416

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
€438
€460
€227
€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
-
-
-
1 450
income
-
-
-
412
social contributions
-
-
-
234
total
-
-
-
646
Employee
793
-
1 450
-
income
150
-
412
-
social contributions
66
-
234
-
total
216
-
646
-
Employer
793
-
1 450
-
total
-
-
-
-
Corporate
657
1 450
-
-
income
82
181
-
-
total
82
181
-
-
Dividends
575
1 269
-
-
withholding
115
254
-
-
total
115
254
-
-
Income
1 450
1 450
1 450
1 450
Total tax
413
435
646
646
After tax
1 037
1 015
804
804
Living cost
577
577
577
577
Free-cash
460
438
227
227

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
€520
€556
€726
€683
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.

-
-
-
1 450
income
-
-
-
288
health

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

-
-
-
68
total
-
-
-
356
Employee
465
-
1 403
-
income
50
-
305
-
social contributions
47
-
47
-
total
97
-
352
-
Employer
465
-
1 403
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
939
1 450
-
-
income
328
508
-
-
total
328
508
-
-
Dividends
610
942
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 450
1 450
1 450
1 450
Total tax
526
562
399
356
After tax
924
888
1 051
1 094
Living cost
368
368
368
368
Free-cash
556
520
683
726

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
€607
€651
€609
€476
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
-
-
-
1 450
income
-
-
-
378
pensions
-
-
-
85
total
-
-
-
463
Employee
518
-
1 270
-
health
7
-
20
-
income
94
-
289
-
pensions
40
-
107
-
total
141
-
416
-
Employer
518
-
1 270
-
pensions
52
-
156
-
health
10
-
24
-
total
62
-
180
-
Corporate
869
1 450
-
-
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.

165
276
-
-
total
165
276
-
-
Dividends
704
1 174
-
-
withholding
53
189
-
-
total
53
189
-
-
Income
1 450
1 450
1 450
1 450
Total tax
421
465
596
463
After tax
1 029
985
854
987
Living cost
378
378
378
378
Free-cash
651
607
476
609

Estimated living cost  is €378 per week

€259
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
-€123
€81
€752
€536
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
-
-
-
1 450
accident
-
-
-
3
income
-
-
-
387
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
458
Employee
377
-
1 286
-
health
43
-
147
-
income
52
-
286
-
pensions
43
-
77
-
total
138
-
510
-
Employer
377
-
1 286
-
accident
6
-
21
-
unemployment
9
-
32
-
pensions
61
-
111
-
total
76
-
164
-
Corporate
996
1 450
-
-
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.

896
1 305
-
-
total
896
1 305
-
-
Dividends
100
145
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
1 450
1 450
1 450
1 450
Total tax
1 129
1 333
674
458
After tax
321
117
776
992
Living cost
240
240
240
240
Free-cash
81
-123
536
752

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
€1084
€1036
€681
€856
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.

-
-
-
1 450
work injury
-
-
-
7
health insurance
-
-
-
107
income
-
-
-
234
pensions
-
-
-
267
unemployment
-
-
-
17
total
-
-
-
632
Employee

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

219
-
1 450
-
work injury
1
-
4
-
income
22
-
234
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 231
1 450
-
-
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
1 219
1 436
-
-
withholding
183
215
-
-
total
183
215
-
-
Income
1 450
1 450
1 450
1 450
Total tax
277
229
457
632
After tax
1 173
1 221
993
818
Living cost
137
137
137
137
Free-cash
1 036
1 084
856
681

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
€360
€314
€291
€226
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
-
-
-
1 450
municipal
-
-
-
10
regional
-
-
-
33
national
-
-
-
339
social contributions
-
-
-
373
total
-
-
-
755
Employee
854
-
1 450
-
social contributions
288
-
489
-
regional
13
-
28
-
municipal
5
-
9
-
national
144
-
294
-
total
450
-
820
-
Employer
854
-
1 450
-
total
-
-
-
-
Corporate
596
1 450
-
-
nationa
143
348
-
-
municipal
29
70
-
-
total
172
418
-
-
Dividends
424
1 032
-
-
withholding
110
268
-
-
total
110
268
-
-
Income
1 450
1 450
1 450
1 450
Total tax
732
686
820
755
After tax
718
764
630
695
Living cost
404
404
404
404
Free-cash
314
360
226
291

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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