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
€ 1500
per

Your estimated
City
free-cash

Dresden , Germany
€562
€450
€668
€506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
trade
-
-
-
162
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.

-
-
-
432
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.

-
-
-
24
total
-
-
-
687
Employee

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

388
-
1 500
-
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
-
24
-
health

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

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

69
-
69
-
income

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

11
-
432
-
total
81
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 112
1 500
-
-
trade
175
236
-
-
income
167
225
-
-
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
-
-
chamber of commerce
3
4
-
-
total
354
477
-
-
Dividends
758
1 023
-
-
withholding
186
252
-
-
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
14
-
-
total
196
266
-
-
Income
1 500
1 500
1 500
1 500
Total tax
631
743
525
687
After tax
869
757
975
813
Living cost
307
307
307
307
Free-cash
562
450
668
506

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
€405
€414
€380
€369
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
-
-
-
1 500
social contributions
-
-
-
16
pensions
-
-
-
180
municipal
-
-
-
162
national
-
-
-
251
total
-
-
-
609
Employee
809
-
1 297
-
national
155
-
260
-
municipal
100
-
168
-
pensions
32
-
52
-
total
287
-
480
-
Employer
809
-
1 297
-
pensions
65
-
104
-
social contributions
9
-
14
-
total
74
-
118
-
Corporate
564
1 500
-
-
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%.

113
300
-
-
total
113
300
-
-
Dividends
451
1 200
-
-
withholding
99
264
-
-
total
99
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
573
564
598
609
After tax
927
936
902
891
Living cost
522
522
522
522
Free-cash
405
414
380
369

Estimated living cost  is €522 per week

€355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€49
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.
€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

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
€905
€989
€705
€275
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.

-
-
-
1 500
social contributions

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

-
-
-
388
income
-
-
-
244
microenterprise
-
-
-
-
surtax
-
-
-
382
total
-
-
-
1 014
Employee
296
-
1 072
-
surtax
-
-
-
-
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
-
118
-
income
53
-
208
-
total
86
-
326
-
Employer
296
-
1 072
-
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
-
258
-
surtax
-
-
-
-
total
71
-
258
-
Corporate
1 133
1 500
-
-
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%.

227
300
-
-
total
227
300
-
-
Dividends

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

906
1 200
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
384
300
584
1 014
After tax
1 116
1 200
916
486
Living cost
211
211
211
211
Free-cash
905
989
705
275

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
€251
€313
€480
€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
-
-
-
1 500
income
-
-
-
408
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
652
Employee
865
865
1 312
-
health
133
113
125
-
pensions
156
119
119
-
income

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

142
142
162
-
total
431
374
406
-
Employer
865
865
1 312
-
pensions
60
60
75
-
unemployment
31
31
39
-
health
60
60
75
-
total
151
151
189
-
Corporate
494
483
-
-
income
99
97
-
-
total
99
97
-
-
Dividends
395
386
-
-
withholding
59
58
-
-
income
84
82
-
-
total
143
140
-
-
Income
1 500
1 500
1 500
1 500
Total tax
824
762
595
652
After tax
676
738
905
848
Living cost
425
425
425
425
Free-cash
251
313
480
423

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
€387
€395
€358
€369
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
-
-
-
1 500
other
-
-
-
108
unemployment
-
-
-
1
pensions
-
-
-
100
municipal
-
-
-
367
accident
-
-
-
2
national
-
-
-
71
health
-
-
-
58
total
-
-
-
707
Employee
604
-
1 208
-
national
-
-
66
-
municipal
180
-
360
-
total
180
-
426
-
Employer
604
-
1 208
-
other
70
-
108
-
accident
1
-
2
-
pensions
65
-
100
-
unemployment
16
-
25
-
health
37
-
57
-
total
189
-
292
-
Corporate
706
1 500
-
-
income
155
330
-
-
total
155
330
-
-
Dividends
551
1 170
-
-
withholding
165
351
-
-
total
165
351
-
-
Income
1 500
1 500
1 500
1 500
Total tax
689
681
718
707
After tax
811
819
782
793
Living cost
424
424
424
424
Free-cash
387
395
358
369

Estimated living cost  is €424 per week

€281
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.
€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 Stockholm model

Close
Hamburg , Germany
€495
€351
€577
€408
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.

-
-
-
1 500
trade
-
-
-
169
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.

-
-
-
432
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.

-
-
-
24
total
-
-
-
694
Employee

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

514
-
1 500
-
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
-
24
-
health

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

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

69
-
69
-
income

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

44
-
432
-
total
115
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
1 500
-
-
trade
162
247
-
-
income
148
225
-
-
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
-
-
chamber of commerce
3
4
-
-
total
321
488
-
-
Dividends
665
1 012
-
-
withholding
162
249
-
-
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
-
-
total
171
263
-
-
Income
1 500
1 500
1 500
1 500
Total tax
607
751
525
694
After tax
893
749
975
806
Living cost
398
398
398
398
Free-cash
495
351
577
408

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
€724
€767
€696
€711
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
-
-
-
1 500
social contributions
-
-
-
164
income
-
-
-
258
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
health
8
13
24
-
social contributions
38
65
87
-
income
82
72
251
-
total
128
150
362
-
Employer
779
779
1 387
-
social contributions
38
65
87
-
health
8
14
26
-
total
46
79
113
-
Corporate
998
642
-
-
income
125
80
-
-
total
125
80
-
-
Dividends
873
561
-
-
withholding
148
95
-
-
total
148
95
-
-
Income
1 500
1 500
1 500
1 500
Total tax
447
404
475
460
After tax
1 053
1 096
1 025
1 040
Living cost
329
329
329
329
Free-cash
724
767
696
711

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
€659
€654
€680
€851
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
-
-
-
1 500
unemployment
-
-
-
22
income
-
-
-
183
pensions
-
-
-
150
health
-
-
-
105
total
-
-
-
460
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.

272
108
1 255
-
unemployment
4
2
19
-
health
19
8
88
-
pensions
27
11
126
-
income
33
13
153
-
total
83
34
386
-
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.

272
108
1 255
-
pensions
53
21
245
-
total
53
21
245
-
Corporate
1 175
1 371
-
-
income
106
123
-
-
total
106
123
-
-
Dividends
1 069
1 247
-
-
withholding
203
237
-
-
social contributions
207
242
-
-
total
410
479
-
-
Income
1 500
1 500
1 500
1 500
Total tax
652
657
631
460
After tax
848
843
869
1 040
Living cost
189
189
189
189
Free-cash
659
654
680
851

Estimated living cost  is €189 per week

€129
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.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€892
€955
€620
€559
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
-
-
-
1 500
income
-
-
-
201
pensions
-
-
-
300
health
-
-
-
195
total
-
-
-
696
Employee
287
-
1 121
-
unemployment
5
-
18
-
pensions
6
-
22
-
income
32
-
216
-
total
43
-
256
-
Employer
287
-
1 121
-
pensions
58
-
224
-
unemployment
2
-
9
-
health
37
-
146
-
total
97
-
379
-
Corporate
1 115
1 500
-
-
income
223
300
-
-
total
223
300
-
-
Dividends
892
1 200
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
363
300
635
696
After tax
1 137
1 200
865
804
Living cost
245
245
245
245
Free-cash
892
955
620
559

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
€88
-€106
€576
€798
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
-
-
-
1 500
other
-
-
-
4
income
-
-
-
401
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
474
Employee
359
-
1 331
-
health
41
-
152
-
pensions
40
-
79
-
income
49
-
296
-
total
130
-
527
-
Employer
359
-
1 331
-
accident
6
-
22
-
pensions
58
-
114
-
unemployment
9
-
33
-
total
73
-
169
-
Corporate
1 068
1 500
-
-
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.

961
1 350
-
-
total
961
1 350
-
-
Dividends
107
150
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 184
1 378
696
474
After tax
316
122
804
1 026
Living cost
228
228
228
228
Free-cash
88
-106
576
798

Estimated living cost  is €228 per week

€167
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.
€44
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
€1326
€1342
€1117
€1402
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%.

-
-
-
1 500
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
104
-
1 500
-
income
21
-
300
-
total
21
-
300
-
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%.

1 396
1 500
-
-
total
-
-
-
-
Dividends
1 396
1 500
-
-
withholding
70
75
-
-
total
70
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
91
75
300
15
After tax
1 409
1 425
1 200
1 485
Living cost
83
83
83
83
Free-cash
1 326
1 342
1 117
1 402

Estimated living cost  is €83 per week

€52
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
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
€764
€832
€586
€525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
other
-
-
-
71
income
-
-
-
208
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.

-
-
-
360
health
-
-
-
66
total
-
-
-
705
Employee
368
-
1 198
-
unemployment
4
-
12
-
health
5
-
17
-
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
-
84
-
income
63
-
228
-
total
98
-
341
-
Employer
368
-
1 198
-
other
18
-
60
-
accident
3
-
10
-
pensions

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

63
-
204
-
unemployment
4
-
12
-
health
5
-
17
-
total
93
-
303
-
Corporate
1 039
1 500
-
-
income
218
315
-
-
total
218
315
-
-
Dividends
821
1 185
-
-
withholding
57
83
-
-
total
57
83
-
-
Income
1 500
1 500
1 500
1 500
Total tax
466
398
644
705
After tax
1 034
1 102
856
795
Living cost
270
270
270
270
Free-cash
764
832
586
525

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
€311
€338
€204
€342
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
-
-
-
1 500
income
-
-
-
399
pensions
-
-
-
85
total
-
-
-
484
Employee
954
-
1 313
-
health
16
-
20
-
pensions
92
-
107
-
income
172
-
308
-
total
280
-
435
-
Employer
954
-
1 313
-
pensions
113
-
162
-
health
18
-
25
-
total
131
-
187
-
Corporate
415
1 500
-
-
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.

79
285
-
-
total
79
285
-
-
Dividends
336
1 215
-
-
withholding
25
203
-
-
total
25
203
-
-
Income
1 500
1 500
1 500
1 500
Total tax
515
488
622
484
After tax
985
1 012
878
1 016
Living cost
674
674
674
674
Free-cash
311
338
204
342

Estimated living cost  is €674 per week

€505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
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.
€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

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
€1103
€1150
€1104
€1047
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
-
-
-
1 500
unemployment
-
-
-
1
income
-
-
-
225
pensions

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

-
-
-
53
health
-
-
-
41
total
-
-
-
320
Employee
176
-
1 430
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
16
-
pensions

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

15
-
31
-
income
18
-
143
-
total
43
-
194
-
Employer
176
-
1 430
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

19
-
39
-
unemployment
1
-
2
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 289
1 500
-
-
income
129
150
-
-
total
129
150
-
-
Dividends
1 160
1 350
-
-
withholding
58
67
-
-
total
58
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
264
217
263
320
After tax
1 236
1 283
1 237
1 180
Living cost
133
133
133
133
Free-cash
1 103
1 150
1 104
1 047

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.
€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.
€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
€202
€176
€343
€286
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
-
-
-
1 500
income
-
-
-
408
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
652
Employee
940
865
1 312
-
health
117
113
125
-
pensions
119
119
119
-
income

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

142
142
162
-
total
378
374
406
-
Employer
940
865
1 312
-
pensions
65
60
75
-
unemployment
34
31
39
-
health
65
60
75
-
total
164
151
189
-
Corporate
396
483
-
-
income
79
97
-
-
total
79
97
-
-
Dividends
317
386
-
-
withholding
48
58
-
-
income
67
82
-
-
total
115
140
-
-
Income
1 500
1 500
1 500
1 500
Total tax
736
762
595
652
After tax
764
738
905
848
Living cost
562
562
562
562
Free-cash
202
176
343
286

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
€689
€780
€508
€539
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
-
-
-
1 500
social contributions
-
-
-
365
income
-
-
-
140
health
-
-
-
203
solidarity contribution
-
-
-
-
total
-
-
-
708
Employee
373
-
1 119
-
solidarity contribution
-
-
-
-
health
50
-
151
-
social contributions
24
-
73
-
income
45
-
134
-
total
119
-
358
-
Employer
373
-
1 119
-
social contributions
93
-
280
-
health
34
-
101
-
total
127
-
381
-
Corporate
1 001
1 500
-
-
income
190
285
-
-
total
190
285
-
-
Dividends
811
1 215
-
-
withholding
122
182
-
-
total
122
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
558
467
739
708
After tax
942
1 033
761
792
Living cost
253
253
253
253
Free-cash
689
780
508
539

Estimated living cost  is €253 per week

€176
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.
€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.
€54
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
€320
€373
€236
€306
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
-
-
-
1 500
regional
-
-
-
17
social contributions
-
-
-
386
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
766
Employee
901
-
1 500
-
national
156
-
307
-
regional
8
-
15
-
municipal
5
-
8
-
social contributions
304
-
506
-
total
473
-
836
-
Employer
901
-
1 500
-
total
-
-
-
-
Corporate
599
1 500
-
-
nationa
144
360
-
-
municipal
23
58
-
-
total
167
418
-
-
Dividends
432
1 082
-
-
withholding
112
281
-
-
total
112
281
-
-
Income
1 500
1 500
1 500
1 500
Total tax
752
699
836
766
After tax
748
801
664
734
Living cost
428
428
428
428
Free-cash
320
373
236
306

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
€720
€444
€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
-
-
-
1 500
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
367
pensions
-
-
-
270
health
-
-
-
96
surtax
-
-
-
53
total
-
-
-
788
Employee
335
-
1 239
-
surtax
1
-
46
-
unemployment
23
-
86
-
other
-
-
-
-
health
9
-
32
-
pensions
22
-
83
-
income
56
-
325
-
total
111
-
572
-
Employer
335
-
1 239
-
other
-
-
-
-
pensions
45
-
165
-
unemployment
11
-
39
-
health
15
-
56
-
total
71
-
260
-
Corporate
1 094
1 500
-
-
income
285
390
-
-
total
285
390
-
-
Dividends
810
1 110
-
-
withholding
121
166
-
-
total
121
166
-
-
Income
1 500
1 500
1 500
1 500
Total tax
588
556
832
788
After tax
912
944
668
712
Living cost
224
224
224
224
Free-cash
688
720
444
488

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
€585
€551
€417
€555
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
-
-
-
1 500
income
-
-
-
399
pensions
-
-
-
85
total
-
-
-
484
Employee
640
-
1 313
-
health
9
-
20
-
pensions
54
-
107
-
income
115
-
308
-
total
178
-
435
-
Employer
640
-
1 313
-
pensions
69
-
162
-
health
12
-
25
-
total
81
-
187
-
Corporate
779
1 500
-
-
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.

148
285
-
-
total
148
285
-
-
Dividends
631
1 215
-
-
withholding
47
203
-
-
total
47
203
-
-
Income
1 500
1 500
1 500
1 500
Total tax
454
488
622
484
After tax
1 046
1 012
878
1 016
Living cost
461
461
461
461
Free-cash
585
551
417
555

Estimated living cost  is €461 per week

€345
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.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€226
-€118
€352
€425
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
-
-
-
1 500
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.

-
-
-
30
city
-
-
-
16
regional
-
-
-
65
pensions
-
-
-
138
national
-
-
-
18
health
-
-
-
3
total
-
-
-
270
Employee
942
-
1 343
-
national
4
-
14
-
unemployment
-
-
-
-
city
10
-
14
-
regional
31
-
56
-
health
2
-
3
-
pensions
79
-
113
-
total
126
-
200
-
Employer
942
-
1 343
-
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.

19
-
27
-
pensions
79
-
113
-
unemployment
-
-
-
-
health
2
-
3
-
total
100
-
143
-
Corporate
448
1 500
-
-
regional
95
317
-
-
national
38
127
-
-
total
133
444
-
-
Dividends
315
1 055
-
-
withholding
110
369
-
-
total
110
369
-
-
Income
1 500
1 500
1 500
1 500
Total tax
469
813
343
270
After tax
1 031
687
1 157
1 230
Living cost
805
805
805
805
Free-cash
226
-118
352
425

Estimated living cost  is €805 per week

€523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
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.
€199
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
€441
€277
€511
€335
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.

-
-
-
1 500
trade
-
-
-
176
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.

-
-
-
432
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.

-
-
-
24
total
-
-
-
701
Employee

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

609
-
1 500
-
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
-
24
-
health

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

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

69
-
69
-
income

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

72
-
432
-
total
145
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
891
1 500
-
-
trade
153
257
-
-
income
134
225
-
-
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
-
-
chamber of commerce
3
4
-
-
total
297
498
-
-
Dividends
594
1 002
-
-
withholding
145
247
-
-
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
14
-
-
total
153
261
-
-
Income
1 500
1 500
1 500
1 500
Total tax
595
759
525
701
After tax
905
741
975
799
Living cost
464
464
464
464
Free-cash
441
277
511
335

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
€469
€409
€507
€502
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
-
-
-
1 500
other
-
-
-
46
social contributions
-
-
-
43
income
-
-
-
212
pensions
-
-
-
295
health
-
-
-
55
surtax
-
-
-
-
total
-
-
-
651
Employee
434
-
1 178
-
surtax
-
-
-
-
pensions
49
-
75
-
social contributions
12
-
34
-
income
26
-
214
-
total
87
-
323
-
Employer
434
-
1 178
-
other
15
-
43
-
pensions
71
-
127
-
unemployment
18
-
48
-
social contributions
1
-
4
-
health
30
-
101
-
total
135
-
323
-
Corporate
931
1 500
-
-
income
261
420
-
-
surtax
-
-
-
-
total
261
420
-
-
Dividends
670
1 080
-
-
withholding
86
138
-
-
social contributions
115
186
-
-
surtax
-
-
-
-
total
201
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
684
744
646
651
After tax
816
756
854
849
Living cost
347
347
347
347
Free-cash
469
409
507
502

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
€500
€444
€542
€537
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
-
-
-
1 500
other
-
-
-
46
social contributions
-
-
-
43
income
-
-
-
212
pensions
-
-
-
295
health
-
-
-
55
surtax
-
-
-
-
total
-
-
-
651
Employee
387
-
1 178
-
surtax
-
-
-
-
pensions
44
-
75
-
social contributions
11
-
34
-
income
20
-
214
-
total
75
-
323
-
Employer
387
-
1 178
-
other
13
-
43
-
pensions
64
-
127
-
unemployment
16
-
48
-
social contributions
1
-
4
-
health
27
-
101
-
total
121
-
323
-
Corporate
992
1 500
-
-
income
278
420
-
-
surtax
-
-
-
-
total
278
420
-
-
Dividends
714
1 080
-
-
withholding
91
138
-
-
social contributions
123
186
-
-
surtax
-
-
-
-
total
214
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
688
744
646
651
After tax
812
756
854
849
Living cost
312
312
312
312
Free-cash
500
444
542
537

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
€705
€700
€725
€748
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
-
-
-
1 500
social contributions
-
-
-
207
income
-
-
-
225
health
-
-
-
105
total
-
-
-
537
Employee
344
-
1 500
-
health
24
-
105
-
social contributions
47
-
207
-
income
57
-
248
-
total
128
-
560
-
Employer
344
-
1 500
-
total
-
-
-
-
Corporate
1 156
1 500
-
-
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%.

58
75
-
-
total
58
75
-
-
Dividends
1 099
1 425
-
-
health
77
99
-
-
withholding
165
214
-
-
social contributions
152
197
-
-
total
394
510
-
-
Income
1 500
1 500
1 500
1 500
Total tax
580
585
560
537
After tax
920
915
940
963
Living cost
215
215
215
215
Free-cash
705
700
725
748

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
€460
€476
€35
€410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
chamber of commerce
-
-
-
6
unemployment
-
-
-
62
income
-
-
-
353
pensions
-
-
-
219
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
733
Employee
506
404
1 163
-
unemployment
15
12
35
-
other
5
4
12
-
health
20
16
45
-
pensions
52
41
119
-
income
58
30
279
-
total
150
103
490
-
Employer
506
404
1 163
-
payroll
15
12
35
-
other
24
19
55
-
accident
7
5
15
-
pensions
64
51
146
-
unemployment
15
12
35
-
chamber of commerce
2
2
5
-
surtax
2
2
2
-
health
19
15
44
-
total
148
118
337
-
Corporate
846
978
1 125
-
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.

211
244
281
-
total
211
244
281
-
Dividends
634
733
-
-
withholding
174
202
-
-
total
174
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
683
667
1 108
733
After tax
817
833
392
767
Living cost
357
357
357
357
Free-cash
460
476
35
410

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
€318
€470
€174
€286
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
-
-
-
1 500
social contributions
-
-
-
235
national
-
-
-
533
communal

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

-
-
-
76
total
-
-
-
844
Employee

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

725
-
1 162
-
national
223
-
405
-
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
-
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
-
55
-
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
-
87
-
communal

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

38
-
61
-
total
355
-
618
-
Employer

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

725
-
1 162
-
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
-
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
-
103
-
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
-
17
-
surtax
82
-
132
-
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
-
71
-
total
211
-
338
-
Corporate
564
1 500
-
-
income
113
300
-
-
surtax
2
6
-
-
total
115
306
-
-
Dividends
449
1 194
-
-
withholding

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

131
354
-
-
total
131
354
-
-
Income
1 500
1 500
1 500
1 500
Total tax
812
660
956
844
After tax
688
840
544
656
Living cost
370
370
370
370
Free-cash
318
470
174
286

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
€563
€637
€434
€479
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
-
-
-
1 500
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
373
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
655
Employee
504
-
1 201
-
unemployment
8
-
15
-
other
-
-
1
-
pensions
24
-
44
-
income
106
-
339
-
total
138
-
399
-
Employer
504
-
1 201
-
other
4
-
8
-
accident
10
-
19
-
pensions
119
-
222
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
835
1 500
-
-
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.

125
225
-
-
total
125
225
-
-
Dividends
710
1 275
-
-
withholding
147
272
-
-
total
147
272
-
-
Income
1 500
1 500
1 500
1 500
Total tax
571
497
700
655
After tax
929
1 003
800
845
Living cost
366
366
366
366
Free-cash
563
637
434
479

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
€229
€342
€282
€223
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
-
-
-
1 500
income
-
-
-
214
pensions
-
-
-
225
accident
-
-
-
13
communal
-
-
-
95
health
-
-
-
105
surtax
-
-
-
74
total
-
-
-
726
Employee
767
-
1 340
-
surtax
47
-
82
-
health
34
-
60
-
pensions
61
-
107
-
income
74
-
258
-
total
216
-
507
-
Employer
767
-
1 340
-
accident
7
-
12
-
pensions
61
-
107
-
health
23
-
41
-
total
91
-
160
-
Corporate
641
1 500
-
-
income
96
225
-
-
communal
43
101
-
-
surtax
7
16
-
-
total
146
342
-
-
Dividends
495
1 158
-
-
withholding
74
174
-
-
income
193
91
-
-
total
267
265
-
-
Income
1 500
1 500
1 500
1 500
Total tax
720
607
667
726
After tax
780
893
833
774
Living cost
551
551
551
551
Free-cash
229
342
282
223

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
€681
€716
€440
€484
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
-
-
-
1 500
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
367
pensions
-
-
-
270
health
-
-
-
96
surtax
-
-
-
53
total
-
-
-
788
Employee
341
-
1 239
-
surtax
1
-
46
-
unemployment
24
-
86
-
other
-
-
-
-
health
9
-
32
-
pensions
23
-
83
-
income
57
-
325
-
total
114
-
572
-
Employer
341
-
1 239
-
other
-
-
-
-
pensions
46
-
165
-
unemployment
11
-
39
-
health
16
-
56
-
total
73
-
260
-
Corporate
1 087
1 500
-
-
income
283
390
-
-
total
283
390
-
-
Dividends
804
1 110
-
-
withholding
121
166
-
-
total
121
166
-
-
Income
1 500
1 500
1 500
1 500
Total tax
591
556
832
788
After tax
909
944
668
712
Living cost
228
228
228
228
Free-cash
681
716
440
484

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
€492
€515
€386
€455
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
-
-
-
1 500
regional
-
-
-
23
social contributions
-
-
-
386
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
772
Employee
562
-
1 500
-
national
89
-
307
-
regional
8
-
20
-
municipal
3
-
8
-
social contributions
190
-
506
-
total
290
-
841
-
Employer
562
-
1 500
-
total
-
-
-
-
Corporate
938
1 500
-
-
nationa
225
360
-
-
municipal
47
75
-
-
total
272
435
-
-
Dividends
666
1 065
-
-
withholding
173
277
-
-
total
173
277
-
-
Income
1 500
1 500
1 500
1 500
Total tax
735
712
841
772
After tax
765
788
659
728
Living cost
273
273
273
273
Free-cash
492
515
386
455

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
€610
€721
€449
€480
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
-
-
-
1 500
social contributions
-
-
-
365
income
-
-
-
140
health
-
-
-
203
solidarity contribution
-
-
-
-
total
-
-
-
708
Employee
459
-
1 119
-
solidarity contribution
-
-
-
-
health
62
-
151
-
social contributions
30
-
73
-
income
55
-
134
-
total
147
-
358
-
Employer
459
-
1 119
-
social contributions
115
-
280
-
health
41
-
101
-
total
156
-
381
-
Corporate
885
1 500
-
-
income
168
285
-
-
total
168
285
-
-
Dividends
717
1 215
-
-
withholding
107
182
-
-
total
107
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
578
467
739
708
After tax
922
1 033
761
792
Living cost
312
312
312
312
Free-cash
610
721
449
480

Estimated living cost  is €312 per week

€232
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.
€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 Prague model

Close
Graz , Austria
€507
€511
€70
€446
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
-
-
-
1 500
chamber of commerce
-
-
-
6
unemployment
-
-
-
62
income
-
-
-
353
pensions
-
-
-
219
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
731
Employee
443
404
1 165
-
unemployment
13
12
35
-
other
4
4
12
-
health
17
16
45
-
pensions
45
41
119
-
income
39
30
279
-
total
118
103
490
-
Employer
443
404
1 165
-
payroll
13
12
35
-
other
21
19
55
-
accident
6
5
15
-
pensions
56
51
146
-
unemployment
13
12
35
-
chamber of commerce
2
2
5
-
surtax
-
-
-
-
health
17
15
44
-
total
128
116
335
-
Corporate
930
980
1 126
-
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.

232
245
282
-
total
232
245
282
-
Dividends
697
735
-
-
withholding
192
202
-
-
total
192
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
670
666
1 107
731
After tax
830
834
393
769
Living cost
323
323
323
323
Free-cash
507
511
70
446

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
€1271
€1295
€1070
€1355
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%.

-
-
-
1 500
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
162
-
1 500
-
income
32
-
300
-
total
32
-
300
-
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%.

1 338
1 500
-
-
total
-
-
-
-
Dividends
1 338
1 500
-
-
withholding
67
75
-
-
total
67
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
99
75
300
15
After tax
1 401
1 425
1 200
1 485
Living cost
130
130
130
130
Free-cash
1 271
1 295
1 070
1 355

Estimated living cost  is €130 per week

€88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
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
€676
€761
€435
€475
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.

-
-
-
1 500
unemployment
-
-
-
2
income
-
-
-
329
pensions
-
-
-
274
health
-
-
-
148
total
-
-
-
753
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
-
1 298
-
unemployment
1
-
2
-
health
29
-
84
-
pensions
69
-
201
-
income
77
-
304
-
total
176
-
591
-
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
-
1 298
-
pensions
40
-
115
-
unemployment
-
-
1
-
health
30
-
86
-
total
70
-
202
-
Corporate
982
1 500
-
-
income
187
285
-
-
total
187
285
-
-
Dividends
796
1 215
-
-
withholding
119
182
-
-
total
119
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
552
467
793
753
After tax
948
1 033
707
747
Living cost
272
272
272
272
Free-cash
676
761
435
475

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
-€12
€475
€929
€599
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
-
-
-
1 500
social contributions
-
-
-
171
income
-
-
-
292
total
-
-
-
463
Employee
628
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
628
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
1 500
-
-
income
-
330
-
-
total
-
330
-
-
Dividends
-
1 170
-
-
income
-
257
-
-
total
-
257
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 074
587
133
463
After tax
426
913
1 367
1 037
Living cost
438
438
438
438
Free-cash
-12
475
929
599

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
€525
€535
€390
€495
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.

-
-
-
1 500
social contributions

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

-
-
-
521
income
-
-
-
166
surtax
-
-
-
-
total
-
-
-
687
Employee
466
-
1 212
-
surtax
-
-
-
-
social contributions
51
-
133
-
income
97
-
371
-
total
148
-
504
-
Employer
466
-
1 212
-
social contributions
111
-
288
-
total
111
-
288
-
Corporate
923
1 500
-
-
income
194
315
-
-
surtax
-
-
-
-
total
194
315
-
-
Dividends
729
1 185
-
-
withholding
204
332
-
-
total
204
332
-
-
Income
1 500
1 500
1 500
1 500
Total tax
657
647
792
687
After tax
843
853
708
813
Living cost
318
318
318
318
Free-cash
525
535
390
495

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
€337
€267
€365
€360
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
-
-
-
1 500
other
-
-
-
46
social contributions
-
-
-
43
income
-
-
-
212
pensions
-
-
-
295
health
-
-
-
55
surtax
-
-
-
-
total
-
-
-
651
Employee
635
-
1 178
-
surtax
-
-
-
-
pensions
72
-
75
-
social contributions
18
-
34
-
income
55
-
214
-
total
145
-
323
-
Employer
635
-
1 178
-
other
22
-
43
-
pensions
104
-
127
-
unemployment
26
-
48
-
social contributions
2
-
4
-
health
44
-
101
-
total
198
-
323
-
Corporate
667
1 500
-
-
income
187
420
-
-
surtax
-
-
-
-
total
187
420
-
-
Dividends
480
1 080
-
-
withholding
61
138
-
-
social contributions
83
186
-
-
surtax
-
-
-
-
total
144
324
-
-
Income
1 500
1 500
1 500
1 500
Total tax
674
744
646
651
After tax
826
756
854
849
Living cost
489
489
489
489
Free-cash
337
267
365
360

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
€1012
€1045
€850
€810
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
-
-
-
1 500
income
-
-
-
55
social contributions
-
-
-
330
total
-
-
-
385
Employee
326
-
1 299
-
social contributions
21
-
84
-
income
-
-
60
-
total
21
-
144
-
Employer
326
-
1 299
-
social contributions
50
-
201
-
total
50
-
201
-
Corporate
1 124
1 500
-
-
income
112
150
-
-
total
112
150
-
-
Dividends
1 011
1 350
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
183
150
345
385
After tax
1 317
1 350
1 155
1 115
Living cost
305
305
305
305
Free-cash
1 012
1 045
850
810

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
-€705
-€705
-€705
€414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
pensions
-
-
-
9
municipal
-
-
-
304
labour market
-
-
-
119
national
-
-
-
167
total
-
-
-
599
Employee
2 057
2 057
2 057
-
national
251
251
251
-
municipal
438
438
438
-
labour market
164
164
164
-
pensions
3
3
3
-
total
856
856
856
-
Employer
2 057
2 057
2 057
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 718
1 718
1 718
599
After tax
-218
-218
-218
901
Living cost
487
487
487
487
Free-cash
-705
-705
-705
414

Estimated living cost  is €487 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.
€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.
€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
€88
-€103
€579
€801
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
-
-
-
1 500
other
-
-
-
4
income
-
-
-
401
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
474
Employee
353
-
1 331
-
health
40
-
152
-
pensions
40
-
79
-
income
48
-
296
-
total
128
-
527
-
Employer
353
-
1 331
-
accident
6
-
22
-
pensions
57
-
114
-
unemployment
9
-
33
-
total
72
-
169
-
Corporate
1 075
1 500
-
-
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.

967
1 350
-
-
total
967
1 350
-
-
Dividends
107
150
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 187
1 378
696
474
After tax
313
122
804
1 026
Living cost
225
225
225
225
Free-cash
88
-103
579
801

Estimated living cost  is €225 per week

€164
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.
€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.
€44
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
€588
€569
€416
€619
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

-
-
-
1 500
municipal
-
-
-
267
national
-
-
-
206
health
-
-
-
19
total
-
-
-
492
Employee
533
-
1 262
-
national
9
-
132
-
unemployment
8
-
19
-
health
4
-
15
-
municipal
87
-
206
-
pensions
36
-
85
-
total
144
-
457
-
Employer
533
-
1 262
-
accident
1
-
1
-
pensions
92
-
219
-
unemployment
3
-
8
-
health
4
-
10
-
total
100
-
238
-
Corporate
866
1 500
-
-
income
173
300
-
-
total
173
300
-
-
Dividends

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

520
900
-
-
municipal
94
162
-
-
national
12
80
-
-
total
106
242
-
-
Income
1 500
1 500
1 500
1 500
Total tax
523
542
695
492
After tax
977
958
805
1 008
Living cost
389
389
389
389
Free-cash
588
569
416
619

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
€805
€861
€790
€805
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
-
-
-
1 500
social contributions
-
-
-
164
income
-
-
-
258
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
health
6
13
24
-
social contributions
29
65
87
-
income
85
72
251
-
total
120
150
362
-
Employer
779
779
1 387
-
social contributions
29
65
87
-
health
7
14
26
-
total
36
79
113
-
Corporate
1 109
642
-
-
income
139
80
-
-
total
139
80
-
-
Dividends
970
561
-
-
withholding
165
95
-
-
total
165
95
-
-
Income
1 500
1 500
1 500
1 500
Total tax
460
404
475
460
After tax
1 040
1 096
1 025
1 040
Living cost
235
235
235
235
Free-cash
805
861
790
805

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
€1029
€1081
€884
€1088
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
-
-
-
1 500
unemployment
-
-
-
-
income
-
-
-
150
pensions
-
-
-
64
health
-
-
-
37
total
-
-
-
251
Employee

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

233
-
1 401
-
unemployment
1
-
5
-
health
20
-
82
-
pensions
35
-
144
-
income
16
-
125
-
total
72
-
356
-
Employer

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

233
-
1 401
-
pensions
13
-
53
-
unemployment
1
-
5
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 243
1 500
-
-
income
112
135
-
-
total
112
135
-
-
Dividends
1 132
1 365
-
-
withholding
102
123
-
-
total
102
123
-
-
Income
1 500
1 500
1 500
1 500
Total tax
310
258
455
251
After tax
1 190
1 242
1 045
1 249
Living cost
161
161
161
161
Free-cash
1 029
1 081
884
1 088

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
€678
€724
€521
€566
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
-
-
-
1 500
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
373
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
655
Employee
375
-
1 201
-
unemployment
6
-
15
-
other
-
-
1
-
pensions
18
-
44
-
income
72
-
339
-
total
96
-
399
-
Employer
375
-
1 201
-
other
3
-
8
-
accident
7
-
19
-
pensions
88
-
222
-
unemployment
21
-
52
-
total
119
-
301
-
Corporate
1 006
1 500
-
-
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.

151
225
-
-
total
151
225
-
-
Dividends
855
1 275
-
-
withholding
177
272
-
-
total
177
272
-
-
Income
1 500
1 500
1 500
1 500
Total tax
543
497
700
655
After tax
957
1 003
800
845
Living cost
279
279
279
279
Free-cash
678
724
521
566

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
€914
€917
€944
€945
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
-
-
-
1 500
income
-
-
-
512
pensions
-
-
-
14
health
-
-
-
10
total
-
-
-
536
Employee
29
-
1 484
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
3
-
6
-
income
6
-
511
-
total
10
-
521
-
Employer
29
-
1 484
-
pensions
3
-
8
-
unemployment
1
-
1
-
health
3
-
7
-
total
7
-
16
-
Corporate
1 464
1 500
-
-
income
322
330
-
-
total
322
330
-
-
Dividends
1 142
1 170
-
-
withholding
228
234
-
-
total
228
234
-
-
Income
1 500
1 500
1 500
1 500
Total tax
567
564
537
536
After tax
933
936
963
964
Living cost
19
19
19
19
Free-cash
914
917
944
945

Estimated living cost  is €19 per week

€11
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.
€0
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.
€6
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
€858
€909
€707
€709
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.

-
-
-
1 500
unemployment
-
-
-
11
income
-
-
-
333
pensions
-
-
-
195
health
-
-
-
77
total
-
-
-
616
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
-
1 366
-
unemployment
2
-
6
-
health
14
-
39
-
pensions
37
-
105
-
income
36
-
333
-
total
89
-
483
-
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
-
1 366
-
pensions
32
-
90
-
unemployment
2
-
6
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 189
1 500
-
-
income
178
225
-
-
total
178
225
-
-
Dividends
1 010
1 275
-
-
withholding
152
191
-
-
total
152
191
-
-
Income
1 500
1 500
1 500
1 500
Total tax
467
416
618
616
After tax
1 033
1 084
882
884
Living cost
175
175
175
175
Free-cash
858
909
707
709

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
€577
€580
€435
€540
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.

-
-
-
1 500
social contributions

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

-
-
-
521
income
-
-
-
166
surtax
-
-
-
-
total
-
-
-
687
Employee
393
-
1 212
-
surtax
-
-
-
-
social contributions
43
-
133
-
income
77
-
371
-
total
120
-
504
-
Employer
393
-
1 212
-
social contributions
93
-
288
-
total
93
-
288
-
Corporate
1 013
1 500
-
-
income
213
315
-
-
surtax
-
-
-
-
total
213
315
-
-
Dividends
800
1 185
-
-
withholding
224
332
-
-
total
224
332
-
-
Income
1 500
1 500
1 500
1 500
Total tax
650
647
792
687
After tax
850
853
708
813
Living cost
273
273
273
273
Free-cash
577
580
435
540

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
€576
€647
€444
€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
-
-
-
1 500
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
373
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
655
Employee
489
-
1 201
-
unemployment
8
-
15
-
other
-
-
1
-
pensions
23
-
44
-
income
102
-
339
-
total
133
-
399
-
Employer
489
-
1 201
-
other
4
-
8
-
accident
10
-
19
-
pensions
116
-
222
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
855
1 500
-
-
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.

128
225
-
-
total
128
225
-
-
Dividends
726
1 275
-
-
withholding
150
272
-
-
total
150
272
-
-
Income
1 500
1 500
1 500
1 500
Total tax
568
497
700
655
After tax
932
1 003
800
845
Living cost
356
356
356
356
Free-cash
576
647
444
489

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
€1045
€1108
€1062
€1005
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
-
-
-
1 500
unemployment
-
-
-
1
income
-
-
-
225
pensions

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

-
-
-
53
health
-
-
-
41
total
-
-
-
320
Employee
232
-
1 430
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
income
23
-
143
-
total
57
-
194
-
Employer
232
-
1 430
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

26
-
39
-
unemployment
1
-
2
-
health
16
-
24
-
total
46
-
69
-
Corporate
1 223
1 500
-
-
income
122
150
-
-
total
122
150
-
-
Dividends
1 101
1 350
-
-
withholding
55
67
-
-
total
55
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
280
217
263
320
After tax
1 220
1 283
1 237
1 180
Living cost
175
175
175
175
Free-cash
1 045
1 108
1 062
1 005

Estimated living cost  is €175 per week

€116
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
€516
€382
€584
€436
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.

-
-
-
1 500
trade
-
-
-
148
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.

-
-
-
432
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.

-
-
-
24
total
-
-
-
673
Employee

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

504
-
1 500
-
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
-
24
-
health

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

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

69
-
69
-
income

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

41
-
432
-
total
112
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 500
-
-
trade
143
215
-
-
income
149
225
-
-
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
-
-
chamber of commerce
3
4
-
-
total
303
456
-
-
Dividends
692
1 044
-
-
withholding
169
257
-
-
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
-
-
total
178
271
-
-
Income
1 500
1 500
1 500
1 500
Total tax
593
727
525
673
After tax
907
773
975
827
Living cost
391
391
391
391
Free-cash
516
382
584
436

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
€495
€473
€247
€247
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
-
-
-
1 500
social contributions
-
-
-
244
income
-
-
-
432
total
-
-
-
676
Employee
793
-
1 500
-
social contributions
66
-
244
-
income
150
-
432
-
total
216
-
676
-
Employer
793
-
1 500
-
total
-
-
-
-
Corporate
707
1 500
-
-
income
88
188
-
-
total
88
188
-
-
Dividends
619
1 312
-
-
withholding
124
262
-
-
total
124
262
-
-
Income
1 500
1 500
1 500
1 500
Total tax
428
450
676
676
After tax
1 072
1 050
824
824
Living cost
577
577
577
577
Free-cash
495
473
247
247

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
€588
€553
€715
€782
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.

-
-
-
1 500
health

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

-
-
-
62
income
-
-
-
288
total
-
-
-
350
Employee
465
-
1 453
-
social contributions
47
-
47
-
income
50
-
323
-
total
97
-
370
-
Employer
465
-
1 453
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
989
1 500
-
-
income
346
525
-
-
total
346
525
-
-
Dividends
643
975
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 500
1 500
1 500
1 500
Total tax
544
579
417
350
After tax
956
921
1 083
1 150
Living cost
368
368
368
368
Free-cash
588
553
715
782

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
€691
€637
€503
€641
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
-
-
-
1 500
income
-
-
-
399
pensions
-
-
-
85
total
-
-
-
484
Employee
514
-
1 313
-
health
7
-
20
-
pensions
39
-
107
-
income
94
-
308
-
total
140
-
435
-
Employer
514
-
1 313
-
pensions
52
-
162
-
health
10
-
25
-
total
62
-
187
-
Corporate
924
1 500
-
-
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.

176
285
-
-
total
176
285
-
-
Dividends
748
1 215
-
-
withholding
56
203
-
-
total
56
203
-
-
Income
1 500
1 500
1 500
1 500
Total tax
434
488
622
484
After tax
1 066
1 012
878
1 016
Living cost
375
375
375
375
Free-cash
691
637
503
641

Estimated living cost  is €375 per week

€257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.
€78
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
€84
-€125
€557
€779
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
-
-
-
1 500
other
-
-
-
4
income
-
-
-
401
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
474
Employee
388
-
1 331
-
health
44
-
152
-
pensions
44
-
79
-
income
53
-
296
-
total
141
-
527
-
Employer
388
-
1 331
-
accident
6
-
22
-
pensions
63
-
114
-
unemployment
10
-
33
-
total
79
-
169
-
Corporate
1 032
1 500
-
-
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.

929
1 350
-
-
total
929
1 350
-
-
Dividends
103
150
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 169
1 378
696
474
After tax
331
122
804
1 026
Living cost
247
247
247
247
Free-cash
84
-125
557
779

Estimated living cost  is €247 per week

€181
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.
€46
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
€1078
€1125
€897
€707
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.

-
-
-
1 500
unemployment
-
-
-
18
income
-
-
-
243
pensions
-
-
-
276
health insurance
-
-
-
111
work injury
-
-
-
8
total
-
-
-
656
Employee

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

219
-
1 500
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
243
-
total
82
-
466
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 281
1 500
-
-
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%.

13
15
-
-
total
13
15
-
-
Dividends
1 268
1 485
-
-
withholding
190
223
-
-
total
190
223
-
-
Income
1 500
1 500
1 500
1 500
Total tax
285
238
466
656
After tax
1 215
1 262
1 034
844
Living cost
137
137
137
137
Free-cash
1 078
1 125
897
707

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
€340
€386
€244
€312
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
-
-
-
1 500
regional
-
-
-
34
social contributions
-
-
-
386
municipal
-
-
-
10
national
-
-
-
354
total
-
-
-
784
Employee
854
-
1 500
-
national
144
-
307
-
regional
13
-
30
-
municipal
5
-
9
-
social contributions
288
-
506
-
total
450
-
852
-
Employer
854
-
1 500
-
total
-
-
-
-
Corporate
646
1 500
-
-
nationa
155
360
-
-
municipal
31
72
-
-
total
186
432
-
-
Dividends
460
1 068
-
-
withholding
120
278
-
-
total
120
278
-
-
Income
1 500
1 500
1 500
1 500
Total tax
756
710
852
784
After tax
744
790
648
716
Living cost
404
404
404
404
Free-cash
340
386
244
312

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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