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
€450
€668
€506
€562
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
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
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
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
trade
-
-
-
162
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
-
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
-
health

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

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

69
-
69
-
total
81
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 112
1 500
-
-
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
-
-
trade
175
236
-
-
total
354
477
-
-
Dividends
758
1 023
-
-
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
-
-
withholding
186
252
-
-
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.

Reykjavik , Iceland
€397
€364
€352
€388
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
municipal
-
-
-
162
national
-
-
-
251
pensions
-
-
-
180
total
-
-
-
609
Employee
836
-
1 297
-
municipal
103
-
167
-
pensions
33
-
52
-
national
160
-
260
-
total
296
-
479
-
Employer
836
-
1 297
-
pensions
67
-
104
-
social contributions
9
-
14
-
total
76
-
118
-
Corporate
533
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%.

107
300
-
-
total
107
300
-
-
Dividends
427
1 200
-
-
withholding
94
264
-
-
total
94
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
573
564
597
609
After tax
927
936
903
891
Living cost
539
539
539
539
Free-cash
388
397
364
352

Estimated living cost  is €539 per week

€366
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.
€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.
€115
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.

Riga , Latvia
€989
€705
€275
€905
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
income
-
-
-
244
surtax
-
-
-
382
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
microenterprise
-
-
-
-
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
Rotterdam , Netherlands
€313
€480
€423
€251
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
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
652
Employee
865
865
1 312
-
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
-
health
133
113
125
-
total
431
374
406
-
Employer
865
865
1 312
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
494
483
-
-
income
99
97
-
-
total
99
97
-
-
Dividends
395
386
-
-
income
84
82
-
-
withholding
59
58
-
-
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
Stockholm , Sweden
€411
€369
€380
€403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
accident
-
-
-
2
other
-
-
-
104
unemployment
-
-
-
1
health
-
-
-
56
municipal
-
-
-
370
national
-
-
-
82
pensions
-
-
-
97
total
-
-
-
712
Employee
581
-
1 219
-
municipal
173
-
364
-
national
-
-
77
-
total
173
-
441
-
Employer
581
-
1 219
-
health
36
-
55
-
pensions
63
-
97
-
accident
1
-
2
-
unemployment
15
-
24
-
other
67
-
104
-
total
182
-
282
-
Corporate
737
1 500
-
-
income
162
330
-
-
total
162
330
-
-
Dividends
575
1 170
-
-
withholding
172
351
-
-
total
172
351
-
-
Income
1 500
1 500
1 500
1 500
Total tax
689
681
723
712
After tax
811
819
777
788
Living cost
408
408
408
408
Free-cash
403
411
369
380

Estimated living cost  is €408 per week

€270
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.
€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
Hamburg , Germany
€351
€577
€408
€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

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

-
-
-
1 500
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
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
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
trade
-
-
-
169
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
-
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
-
health

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

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

69
-
69
-
total
115
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
1 500
-
-
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
-
-
trade
162
247
-
-
total
321
488
-
-
Dividends
665
1 012
-
-
surtax

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

9
14
-
-
withholding
162
249
-
-
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.

Limassol , Cyprus
€767
€696
€711
€724
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
-
-
-
258
social contributions
-
-
-
164
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
social contributions
38
65
87
-
income
82
72
251
-
health
8
13
24
-
total
128
150
362
-
Employer
779
779
1 387
-
health
8
14
26
-
social contributions
38
65
87
-
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
Budapest , Hungary
€661
€687
€858
€666
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
-
-
-
183
unemployment
-
-
-
22
health
-
-
-
105
pensions
-
-
-
150
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.

262
104
1 255
-
unemployment
4
2
19
-
pensions
26
10
126
-
income
32
13
153
-
health
18
7
88
-
total
80
32
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.

262
104
1 255
-
pensions
51
20
245
-
total
51
20
245
-
Corporate
1 187
1 375
-
-
income
107
124
-
-
total
107
124
-
-
Dividends
1 080
1 252
-
-
social contributions
209
243
-
-
withholding
205
238
-
-
total
414
481
-
-
Income
1 500
1 500
1 500
1 500
Total tax
652
657
631
460
After tax
848
843
869
1 040
Living cost
182
182
182
182
Free-cash
666
661
687
858

Estimated living cost  is €182 per week

€124
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.
€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
Tallinn , Estonia
€955
€620
€559
€892
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
health
-
-
-
195
pensions
-
-
-
300
total
-
-
-
696
Employee
287
-
1 121
-
unemployment
5
-
18
-
pensions
6
-
22
-
income
32
-
216
-
total
43
-
256
-
Employer
287
-
1 121
-
health
37
-
146
-
pensions
58
-
224
-
unemployment
2
-
9
-
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
Gdansk , Poland
-€105
€578
€800
€86
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
accident
-
-
-
3
income
-
-
-
402
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
474
Employee
355
-
1 332
-
pensions
40
-
78
-
income
49
-
297
-
health
41
-
153
-
total
130
-
528
-
Employer
355
-
1 332
-
pensions
58
-
113
-
accident
6
-
22
-
unemployment
9
-
33
-
total
73
-
168
-
Corporate
1 072
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.

965
1 350
-
-
total
965
1 350
-
-
Dividends
107
150
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 188
1 379
696
474
After tax
312
121
804
1 026
Living cost
226
226
226
226
Free-cash
86
-105
578
800

Estimated living cost  is €226 per week

€166
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.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Batumi , Georgia
€1344
€1118
€1404
€1328
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
102
-
1 500
-
income
20
-
300
-
total
20
-
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%.

1 398
1 500
-
-
total
-
-
-
-
Dividends
1 398
1 500
-
-
withholding
70
75
-
-
total
70
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
90
75
300
15
After tax
1 410
1 425
1 200
1 485
Living cost
82
82
82
82
Free-cash
1 328
1 344
1 118
1 404

Estimated living cost  is €82 per week

€51
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.

Bratislava , Slovakia
€832
€586
€525
€764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
208
other
-
-
-
71
health
-
-
-
66
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
total
-
-
-
705
Employee
368
-
1 198
-
unemployment
4
-
12
-
pensions

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

26
-
84
-
income
63
-
228
-
health
5
-
17
-
total
98
-
341
-
Employer
368
-
1 198
-
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.

63
-
204
-
accident
3
-
10
-
unemployment
4
-
12
-
other
18
-
60
-
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
London , United Kingdom
€333
€200
€336
€304
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
-
-
-
398
pensions
-
-
-
86
total
-
-
-
484
Employee
962
-
1 313
-
pensions
93
-
107
-
income
173
-
306
-
health
16
-
20
-
total
282
-
433
-
Employer
962
-
1 313
-
health
18
-
25
-
pensions
114
-
162
-
total
132
-
187
-
Corporate
406
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.

77
285
-
-
total
77
285
-
-
Dividends
329
1 215
-
-
withholding
25
202
-
-
total
25
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
516
487
620
484
After tax
984
1 013
880
1 016
Living cost
680
680
680
680
Free-cash
304
333
200
336

Estimated living cost  is €680 per week

€509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Varna , Bulgaria
€1149
€1104
€1048
€1103
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
-
-
-
225
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
319
Employee
176
-
1 431
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
143
-
health
8
-
16
-
total
43
-
194
-
Employer
176
-
1 431
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 290
1 500
-
-
income
129
150
-
-
total
129
150
-
-
Dividends
1 161
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 500
1 500
1 500
1 500
Total tax
264
218
263
319
After tax
1 236
1 282
1 237
1 181
Living cost
133
133
133
133
Free-cash
1 103
1 149
1 104
1 048

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Amsterdam , Netherlands
€176
€343
€286
€202
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
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
652
Employee
940
865
1 312
-
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
-
health
117
113
125
-
total
378
374
406
-
Employer
940
865
1 312
-
health
65
60
75
-
pensions
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
396
483
-
-
income
79
97
-
-
total
79
97
-
-
Dividends
317
386
-
-
income
67
82
-
-
withholding
48
58
-
-
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
Brno , Czech Republic
€785
€513
€552
€696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
141
social contributions
-
-
-
357
solidarity contribution
-
-
-
-
health
-
-
-
202
total
-
-
-
700
Employee
365
-
1 119
-
solidarity contribution
-
-
-
-
social contributions
24
-
73
-
income
44
-
134
-
health
49
-
151
-
total
117
-
358
-
Employer
365
-
1 119
-
health
33
-
101
-
social contributions
91
-
280
-
total
124
-
381
-
Corporate
1 011
1 500
-
-
income
192
285
-
-
total
192
285
-
-
Dividends
819
1 215
-
-
withholding
123
182
-
-
total
123
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
556
467
739
700
After tax
944
1 033
761
800
Living cost
248
248
248
248
Free-cash
696
785
513
552

Estimated living cost  is €248 per week

€172
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.
€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
Milan , Italy
€373
€236
€306
€320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
social contributions
-
-
-
386
regional
-
-
-
17
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
766
Employee
901
-
1 500
-
municipal
5
-
8
-
national
156
-
307
-
regional
8
-
15
-
social contributions
304
-
506
-
total
473
-
836
-
Employer
901
-
1 500
-
total
-
-
-
-
Corporate
599
1 500
-
-
municipal
23
58
-
-
nationa
144
360
-
-
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
Thessaloniki , Greece
€720
€444
€488
€688
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
-
-
-
367
other
-
-
-
-
surtax
-
-
-
53
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
788
Employee
335
-
1 239
-
other
-
-
-
-
unemployment
23
-
86
-
pensions
22
-
83
-
surtax
1
-
46
-
income
56
-
325
-
health
9
-
32
-
total
111
-
572
-
Employer
335
-
1 239
-
health
15
-
56
-
pensions
45
-
165
-
unemployment
11
-
39
-
other
-
-
-
-
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
Cambridge , United Kingdom
€548
€415
€551
€579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
398
pensions
-
-
-
86
total
-
-
-
484
Employee
645
-
1 313
-
pensions
55
-
107
-
income
116
-
306
-
health
9
-
20
-
total
180
-
433
-
Employer
645
-
1 313
-
health
12
-
25
-
pensions
70
-
162
-
total
82
-
187
-
Corporate
773
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.

147
285
-
-
total
147
285
-
-
Dividends
626
1 215
-
-
withholding
47
202
-
-
total
47
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
456
487
620
484
After tax
1 044
1 013
880
1 016
Living cost
465
465
465
465
Free-cash
579
548
415
551

Estimated living cost  is €465 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Zurich , Switzerland
-€116
€355
€427
€227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
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
regional
-
-
-
66
health
-
-
-
3
city
-
-
-
16
national
-
-
-
18
pensions
-
-
-
138
total
-
-
-
271
Employee
938
-
1 343
-
unemployment
-
-
-
-
pensions
79
-
113
-
national
4
-
14
-
regional
31
-
56
-
city
10
-
14
-
health
2
-
3
-
total
126
-
200
-
Employer
938
-
1 343
-
health
2
-
3
-
pensions
79
-
113
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

19
-
27
-
total
100
-
143
-
Corporate
452
1 500
-
-
regional
96
317
-
-
national
38
128
-
-
total
134
445
-
-
Dividends
318
1 055
-
-
withholding
111
369
-
-
total
111
369
-
-
Income
1 500
1 500
1 500
1 500
Total tax
471
814
343
271
After tax
1 029
686
1 157
1 229
Living cost
802
802
802
802
Free-cash
227
-116
355
427

Estimated living cost  is €802 per week

€521
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.

Munich , Germany
€277
€511
€335
€441
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
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
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
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
trade
-
-
-
176
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
-
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
-
health

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

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

69
-
69
-
total
145
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
891
1 500
-
-
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
-
-
trade
153
257
-
-
total
297
498
-
-
Dividends
594
1 002
-
-
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
-
-
withholding
145
247
-
-
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.

Nice , France
€409
€507
€502
€469
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
-
-
-
212
other
-
-
-
46
surtax
-
-
-
-
social contributions
-
-
-
43
health
-
-
-
55
pensions
-
-
-
295
total
-
-
-
651
Employee
434
-
1 178
-
pensions
49
-
75
-
surtax
-
-
-
-
social contributions
12
-
34
-
income
26
-
214
-
total
87
-
323
-
Employer
434
-
1 178
-
health
30
-
101
-
pensions
71
-
127
-
unemployment
18
-
48
-
social contributions
1
-
4
-
other
15
-
43
-
total
135
-
323
-
Corporate
931
1 500
-
-
income
261
420
-
-
surtax
-
-
-
-
total
261
420
-
-
Dividends
670
1 080
-
-
surtax
-
-
-
-
social contributions
115
186
-
-
withholding
86
138
-
-
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
Marseille , France
€444
€542
€537
€500
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
-
-
-
212
other
-
-
-
46
surtax
-
-
-
-
social contributions
-
-
-
43
health
-
-
-
55
pensions
-
-
-
295
total
-
-
-
651
Employee
387
-
1 178
-
pensions
44
-
75
-
surtax
-
-
-
-
social contributions
11
-
34
-
income
20
-
214
-
total
75
-
323
-
Employer
387
-
1 178
-
health
27
-
101
-
pensions
64
-
127
-
unemployment
16
-
48
-
social contributions
1
-
4
-
other
13
-
43
-
total
121
-
323
-
Corporate
992
1 500
-
-
income
278
420
-
-
surtax
-
-
-
-
total
278
420
-
-
Dividends
714
1 080
-
-
surtax
-
-
-
-
social contributions
123
186
-
-
withholding
91
138
-
-
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
Vilnius , Lithuania
€700
€725
€748
€705
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
-
-
-
225
social contributions
-
-
-
207
health
-
-
-
105
total
-
-
-
537
Employee
344
-
1 500
-
social contributions
47
-
207
-
income
57
-
248
-
health
24
-
105
-
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
-
-
social contributions
152
197
-
-
withholding
165
214
-
-
health
77
99
-
-
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
Vienna , Austria
€476
€35
€410
€460
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
-
-
-
353
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
6
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
733
Employee
506
404
1 163
-
other
5
4
12
-
unemployment
15
12
35
-
pensions
52
41
119
-
income
58
30
279
-
health
20
16
45
-
total
150
103
490
-
Employer
506
404
1 163
-
chamber of commerce
2
2
5
-
health
19
15
44
-
pensions
64
51
146
-
accident
7
5
15
-
unemployment
15
12
35
-
surtax
2
2
2
-
payroll
15
12
35
-
other
24
19
55
-
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.

Brussels , Belgium
€470
€174
€286
€318
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
communal

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

-
-
-
76
social contributions
-
-
-
235
national
-
-
-
533
total
-
-
-
844
Employee

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

725
-
1 162
-
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
-
communal

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

38
-
61
-
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
-
national
223
-
405
-
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
-
total
355
-
618
-
Employer

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

725
-
1 162
-
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
-
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
-
accident

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

9
-
15
-
unemployment

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

11
-
17
-
surtax
82
-
132
-
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
Barcelona , Spain
€637
€434
€479
€563
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
accident
-
-
-
8
income
-
-
-
373
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
655
Employee
504
-
1 201
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
24
-
44
-
income
106
-
339
-
total
138
-
399
-
Employer
504
-
1 201
-
pensions
119
-
222
-
accident
10
-
19
-
unemployment
28
-
52
-
other
4
-
8
-
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
Luxembourg , Luxembourg
€342
€282
€223
€229
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
communal
-
-
-
95
accident
-
-
-
13
income
-
-
-
214
surtax
-
-
-
74
health
-
-
-
105
pensions
-
-
-
225
total
-
-
-
726
Employee
767
-
1 340
-
pensions
61
-
107
-
surtax
47
-
82
-
income
74
-
258
-
health
34
-
60
-
total
216
-
507
-
Employer
767
-
1 340
-
health
23
-
41
-
pensions
61
-
107
-
accident
7
-
12
-
total
91
-
160
-
Corporate
641
1 500
-
-
communal
43
101
-
-
income
96
225
-
-
surtax
7
16
-
-
total
146
342
-
-
Dividends
495
1 158
-
-
income
193
91
-
-
withholding
74
174
-
-
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
Athens , Greece
€716
€440
€484
€681
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
-
-
-
367
other
-
-
-
-
surtax
-
-
-
53
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
788
Employee
341
-
1 239
-
other
-
-
-
-
unemployment
24
-
86
-
pensions
23
-
83
-
surtax
1
-
46
-
income
57
-
325
-
health
9
-
32
-
total
114
-
572
-
Employer
341
-
1 239
-
health
16
-
56
-
pensions
46
-
165
-
unemployment
11
-
39
-
other
-
-
-
-
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
Naples , Italy
€515
€386
€455
€492
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
-
-
-
386
regional
-
-
-
23
municipal
-
-
-
9
national
-
-
-
354
total
-
-
-
772
Employee
562
-
1 500
-
municipal
3
-
8
-
national
89
-
307
-
regional
8
-
20
-
social contributions
190
-
506
-
total
290
-
841
-
Employer
562
-
1 500
-
total
-
-
-
-
Corporate
938
1 500
-
-
municipal
47
75
-
-
nationa
225
360
-
-
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
Prague , Czech Republic
€727
€455
€494
€618
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
-
-
-
141
social contributions
-
-
-
357
solidarity contribution
-
-
-
-
health
-
-
-
202
total
-
-
-
700
Employee
450
-
1 119
-
solidarity contribution
-
-
-
-
social contributions
29
-
73
-
income
54
-
134
-
health
61
-
151
-
total
144
-
358
-
Employer
450
-
1 119
-
health
40
-
101
-
social contributions
112
-
280
-
total
152
-
381
-
Corporate
897
1 500
-
-
income
171
285
-
-
total
171
285
-
-
Dividends
727
1 215
-
-
withholding
109
182
-
-
total
109
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
576
467
739
700
After tax
924
1 033
761
800
Living cost
306
306
306
306
Free-cash
618
727
455
494

Estimated living cost  is €306 per week

€227
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.
€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
Graz , Austria
€511
€70
€446
€507
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
-
-
-
353
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
6
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
731
Employee
443
404
1 165
-
other
4
4
12
-
unemployment
13
12
35
-
pensions
45
41
119
-
income
39
30
279
-
health
17
16
45
-
total
118
103
490
-
Employer
443
404
1 165
-
chamber of commerce
2
2
5
-
health
17
15
44
-
pensions
56
51
146
-
accident
6
5
15
-
unemployment
13
12
35
-
surtax
-
-
-
-
payroll
13
12
35
-
other
21
19
55
-
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.

Tbilisi , Georgia
€1298
€1073
€1358
€1274
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
159
-
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%.

1 341
1 500
-
-
total
-
-
-
-
Dividends
1 341
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
127
127
127
127
Free-cash
1 274
1 298
1 073
1 358

Estimated living cost  is €127 per week

€86
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.
€31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€761
€435
€475
€676
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
income
-
-
-
329
unemployment
-
-
-
2
health
-
-
-
148
pensions
-
-
-
274
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
-
pensions
69
-
201
-
income
77
-
304
-
health
29
-
84
-
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
-
health
30
-
86
-
pensions
40
-
115
-
unemployment
-
-
1
-
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
Oslo , Norway
€480
€935
€604
€2
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
-
-
-
292
social contributions
-
-
-
171
total
-
-
-
463
Employee
621
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
621
-
-
-
social contributions
875
-
125
-
total
875
-
125
-
Corporate
4
1 500
-
-
income
1
330
-
-
total
1
330
-
-
Dividends
3
1 170
-
-
income
1
257
-
-
total
1
257
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 065
587
132
463
After tax
435
913
1 368
1 037
Living cost
433
433
433
433
Free-cash
2
480
935
604

Estimated living cost  is €433 per week

€281
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.
€106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
€535
€390
€495
€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

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
income
-
-
-
166
surtax
-
-
-
-
social contributions

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

-
-
-
521
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
Paris , France
€267
€365
€360
€337
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
-
-
-
212
other
-
-
-
46
surtax
-
-
-
-
social contributions
-
-
-
43
health
-
-
-
55
pensions
-
-
-
295
total
-
-
-
651
Employee
635
-
1 178
-
pensions
72
-
75
-
surtax
-
-
-
-
social contributions
18
-
34
-
income
55
-
214
-
total
145
-
323
-
Employer
635
-
1 178
-
health
44
-
101
-
pensions
104
-
127
-
unemployment
26
-
48
-
social contributions
2
-
4
-
other
22
-
43
-
total
198
-
323
-
Corporate
667
1 500
-
-
income
187
420
-
-
surtax
-
-
-
-
total
187
420
-
-
Dividends
480
1 080
-
-
surtax
-
-
-
-
social contributions
83
186
-
-
withholding
61
138
-
-
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
Andorra , Andorra
€1045
€850
€810
€1012
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
-
income
-
-
60
-
social contributions
21
-
84
-
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.

Copenhagen , Denmark
-€709
-€709
€413
-€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
-
-
-
1 500
labour market
-
-
-
119
municipal
-
-
-
304
national
-
-
-
167
pensions
-
-
-
9
total
-
-
-
599
Employee
2 060
2 060
2 060
-
municipal
439
439
439
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 721
1 721
1 721
599
After tax
-221
-221
-221
901
Living cost
488
488
488
488
Free-cash
-709
-709
-709
413

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Krakow , Poland
-€102
€581
€803
€87
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
accident
-
-
-
3
income
-
-
-
402
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
474
Employee
350
-
1 332
-
pensions
39
-
78
-
income
48
-
297
-
health
40
-
153
-
total
127
-
528
-
Employer
350
-
1 332
-
pensions
57
-
113
-
accident
6
-
22
-
unemployment
9
-
33
-
total
72
-
168
-
Corporate
1 078
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.

971
1 350
-
-
total
971
1 350
-
-
Dividends
108
150
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 190
1 379
696
474
After tax
310
121
804
1 026
Living cost
223
223
223
223
Free-cash
87
-102
581
803

Estimated living cost  is €223 per week

€162
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.

Helsinki , Finland
€569
€416
€619
€588
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
health
-
-
-
19
municipal
-
-
-
267
national
-
-
-
206
total
-
-
-
492
Employee
533
-
1 262
-
municipal
87
-
206
-
unemployment
8
-
19
-
pensions
36
-
85
-
national
9
-
132
-
health
4
-
15
-
total
144
-
457
-
Employer
533
-
1 262
-
health
4
-
10
-
pensions
92
-
219
-
accident
1
-
1
-
unemployment
3
-
8
-
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.

Larnaca , Cyprus
€861
€790
€805
€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
income
-
-
-
258
social contributions
-
-
-
164
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
social contributions
29
65
87
-
income
85
72
251
-
health
6
13
24
-
total
120
150
362
-
Employer
779
779
1 387
-
health
7
14
26
-
social contributions
29
65
87
-
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
Podgorica , Montenegro
€1081
€884
€1088
€1029
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
income
-
-
-
150
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
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
-
pensions
35
-
144
-
income
16
-
125
-
health
20
-
82
-
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
-
health
10
-
41
-
pensions
13
-
53
-
unemployment
1
-
5
-
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
Valencia , Spain
€724
€521
€566
€678
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
accident
-
-
-
8
income
-
-
-
373
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
655
Employee
375
-
1 201
-
other
-
-
1
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
339
-
total
96
-
399
-
Employer
375
-
1 201
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
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
Istanbul , Turkey
€916
€942
€943
€912
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
-
-
-
511
health
-
-
-
11
pensions
-
-
-
15
total
-
-
-
537
Employee
31
-
1 483
-
unemployment
-
-
1
-
pensions
3
-
7
-
income
6
-
510
-
health
2
-
4
-
total
11
-
522
-
Employer
31
-
1 483
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 462
1 500
-
-
income
322
330
-
-
total
322
330
-
-
Dividends
1 140
1 170
-
-
withholding
228
234
-
-
total
228
234
-
-
Income
1 500
1 500
1 500
1 500
Total tax
568
564
538
537
After tax
932
936
962
963
Living cost
20
20
20
20
Free-cash
912
916
942
943

Estimated living cost  is €20 per week

€12
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
Belgrade , Serbia
€909
€707
€709
€858
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
income
-
-
-
333
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
195
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
-
pensions
37
-
105
-
income
36
-
333
-
health
14
-
39
-
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
-
health
14
-
39
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 188
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
Porto , Portugal
€580
€435
€540
€577
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
income
-
-
-
166
surtax
-
-
-
-
social contributions

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

-
-
-
521
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
Madrid , Spain
€647
€444
€489
€576
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
accident
-
-
-
8
income
-
-
-
373
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
655
Employee
489
-
1 201
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
23
-
44
-
income
102
-
339
-
total
133
-
399
-
Employer
489
-
1 201
-
pensions
116
-
222
-
accident
10
-
19
-
unemployment
27
-
52
-
other
4
-
8
-
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
Sofia , Bulgaria
€1108
€1063
€1007
€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
income
-
-
-
225
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
319
Employee
231
-
1 431
-
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.

20
-
31
-
income
23
-
143
-
health
11
-
16
-
total
57
-
194
-
Employer
231
-
1 431
-
health
16
-
24
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 224
1 500
-
-
income
122
150
-
-
total
122
150
-
-
Dividends
1 101
1 350
-
-
withholding
55
68
-
-
total
55
68
-
-
Income
1 500
1 500
1 500
1 500
Total tax
279
218
263
319
After tax
1 221
1 282
1 237
1 181
Living cost
174
174
174
174
Free-cash
1 047
1 108
1 063
1 007

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Berlin , Germany
€382
€584
€436
€516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
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
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
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
trade
-
-
-
148
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
-
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
-
health

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

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

69
-
69
-
total
112
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 500
-
-
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
-
-
trade
143
215
-
-
total
303
456
-
-
Dividends
692
1 044
-
-
surtax

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

9
14
-
-
withholding
169
257
-
-
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.

Dublin , Ireland
€473
€247
€247
€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
-
-
-
1 500
income
-
-
-
432
social contributions
-
-
-
244
total
-
-
-
676
Employee
793
-
1 500
-
income
150
-
432
-
social contributions
66
-
244
-
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.

Sliema , Malta
€553
€715
€783
€588
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
income
-
-
-
288
health

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

-
-
-
61
total
-
-
-
349
Employee
465
-
1 453
-
income
50
-
323
-
social contributions
47
-
47
-
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
349
After tax
956
921
1 083
1 151
Living cost
368
368
368
368
Free-cash
588
553
715
783

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
Edinburgh , United Kingdom
€635
€502
€638
€688
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
-
-
-
398
pensions
-
-
-
86
total
-
-
-
484
Employee
518
-
1 313
-
pensions
40
-
107
-
income
94
-
306
-
health
7
-
20
-
total
141
-
433
-
Employer
518
-
1 313
-
health
10
-
25
-
pensions
52
-
162
-
total
62
-
187
-
Corporate
919
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.

175
285
-
-
total
175
285
-
-
Dividends
745
1 215
-
-
withholding
56
202
-
-
total
56
202
-
-
Income
1 500
1 500
1 500
1 500
Total tax
434
487
620
484
After tax
1 066
1 013
880
1 016
Living cost
378
378
378
378
Free-cash
688
635
502
638

Estimated living cost  is €378 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Warsaw , Poland
-€124
€559
€781
€84
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
accident
-
-
-
3
income
-
-
-
402
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
474
Employee
385
-
1 332
-
pensions
43
-
78
-
income
53
-
297
-
health
44
-
153
-
total
140
-
528
-
Employer
385
-
1 332
-
pensions
63
-
113
-
accident
6
-
22
-
unemployment
9
-
33
-
total
78
-
168
-
Corporate
1 037
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.

933
1 350
-
-
total
933
1 350
-
-
Dividends
104
150
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 171
1 379
696
474
After tax
329
121
804
1 026
Living cost
245
245
245
245
Free-cash
84
-124
559
781

Estimated living cost  is €245 per week

€180
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.
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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.

Skopje , Macedonia
€1125
€897
€708
€1078
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
income
-
-
-
243
unemployment
-
-
-
18
work injury
-
-
-
7
health insurance
-
-
-
111
pensions
-
-
-
276
total
-
-
-
655
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
655
After tax
1 215
1 262
1 034
845
Living cost
137
137
137
137
Free-cash
1 078
1 125
897
708

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
Rome , Italy
€386
€244
€312
€340
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
-
-
-
386
regional
-
-
-
34
municipal
-
-
-
10
national
-
-
-
354
total
-
-
-
784
Employee
854
-
1 500
-
municipal
5
-
9
-
national
144
-
307
-
regional
13
-
30
-
social contributions
288
-
506
-
total
450
-
852
-
Employer
854
-
1 500
-
total
-
-
-
-
Corporate
646
1 500
-
-
municipal
31
72
-
-
nationa
155
360
-
-
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
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