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
€562
€506
€668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
trade
-
-
-
162
income

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

-
-
-
432
health

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

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

-
-
-
69
surtax

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

-
-
-
24
total
-
-
-
687
Employee

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

388
-
1 500
-
health

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

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

69
-
69
-
surtax

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

1
-
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
-
total
81
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 112
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.

9
12
-
-
income
167
225
-
-
trade
175
236
-
-
chamber of commerce
3
4
-
-
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.

Source of data for Dresden model

Close
Reykjavik , Iceland
€425
€415
€379
€390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
162
pensions
-
-
-
180
national
-
-
-
252
social contributions
-
-
-
16
total
-
-
-
610
Employee
793
-
1 297
-
municipal
98
-
168
-
pensions
32
-
52
-
national
152
-
261
-
total
282
-
481
-
Employer
793
-
1 297
-
social contributions
9
-
14
-
pensions
63
-
104
-
total
72
-
118
-
Corporate
583
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%.

117
300
-
-
total
117
300
-
-
Dividends
467
1 200
-
-
withholding
103
264
-
-
total
103
264
-
-
Income
1 500
1 500
1 500
1 500
Total tax
574
564
599
610
After tax
926
936
901
890
Living cost
511
511
511
511
Free-cash
415
425
390
379

Estimated living cost  is €511 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€989
€905
€275
€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

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
microenterprise
-
-
-
-
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
total
-
-
-
1 014
Employee
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.

33
-
118
-
surtax
-
-
-
-
income
53
-
208
-
total
86
-
326
-
Employer
296
-
1 072
-
social contributions

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

71
-
258
-
surtax
-
-
-
-
total
71
-
258
-
Corporate
1 133
1 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

227
300
-
-
total
227
300
-
-
Dividends

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

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

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
€313
€251
€423
€480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
408
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
652
Employee
865
865
1 312
-
health
133
113
125
-
income

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

142
142
162
-
pensions
156
119
119
-
total
431
374
406
-
Employer
865
865
1 312
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
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

Source of data for Rotterdam model

Close
Stockholm , Sweden
€429
€420
€394
€384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
373
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
95
total
-
-
-
716
Employee
556
-
1 231
-
municipal
166
-
367
-
national
-
-
89
-
total
166
-
456
-
Employer
556
-
1 231
-
accident
1
-
2
-
other
65
-
99
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
270
-
Corporate
769
1 500
-
-
income
169
330
-
-
total
169
330
-
-
Dividends
600
1 170
-
-
withholding
180
351
-
-
total
180
351
-
-
Income
1 500
1 500
1 500
1 500
Total tax
690
681
726
716
After tax
810
819
774
784
Living cost
390
390
390
390
Free-cash
420
429
384
394

Estimated living cost  is €390 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€351
€495
€408
€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

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

-
-
-
1 500
trade
-
-
-
169
income

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

-
-
-
432
health

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

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

-
-
-
69
surtax

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

-
-
-
24
total
-
-
-
694
Employee

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

514
-
1 500
-
health

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

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

69
-
69
-
surtax

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

2
-
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
-
total
115
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
986
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.

8
12
-
-
income
148
225
-
-
trade
162
247
-
-
chamber of commerce
3
4
-
-
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.

Source of data for Hamburg model

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

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€657
€662
€856
€685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
183
pensions
-
-
-
150
unemployment
-
-
-
22
health
-
-
-
105
total
-
-
-
460
Employee

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

The minimum wage is 138,000 HUF per month.

265
105
1 255
-
health
19
7
88
-
income
32
13
153
-
pensions
26
11
126
-
unemployment
4
2
19
-
total
81
33
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.

265
105
1 255
-
pensions
52
21
245
-
total
52
21
245
-
Corporate
1 183
1 374
-
-
income
107
124
-
-
total
107
124
-
-
Dividends
1 077
1 250
-
-
social contributions
209
243
-
-
withholding
205
238
-
-
total
414
481
-
-
Income
1 500
1 500
1 500
1 500
Total tax
654
659
631
460
After tax
846
841
869
1 040
Living cost
184
184
184
184
Free-cash
662
657
685
856

Estimated living cost  is €184 per week

€125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€955
€892
€559
€620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €245 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-€100
€86
€804
€584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
475
Employee
348
-
1 334
-
health
40
-
153
-
income
48
-
299
-
pensions
39
-
77
-
total
127
-
529
-
Employer
348
-
1 334
-
accident
6
-
22
-
unemployment
9
-
33
-
pensions
57
-
111
-
total
72
-
166
-
Corporate
1 081
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.

973
1 350
-
-
total
973
1 350
-
-
Dividends
108
150
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 193
1 379
695
475
After tax
307
121
805
1 025
Living cost
221
221
221
221
Free-cash
86
-100
584
804

Estimated living cost  is €221 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1333
€1316
€1393
€1108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
115
-
1 500
-
income
23
-
300
-
total
23
-
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%.

1 385
1 500
-
-
total
-
-
-
-
Dividends
1 385
1 500
-
-
withholding
69
75
-
-
total
69
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
92
75
300
15
After tax
1 408
1 425
1 200
1 485
Living cost
92
92
92
92
Free-cash
1 316
1 333
1 108
1 393

Estimated living cost  is €92 per week

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
other
-
-
-
71
health
-
-
-
66
total
-
-
-
705
Employee
368
-
1 198
-
health
5
-
17
-
income
63
-
228
-
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
-
unemployment
4
-
12
-
total
98
-
341
-
Employer
368
-
1 198
-
accident
3
-
10
-
other
18
-
60
-
unemployment
4
-
12
-
pensions

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

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

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
€332
€303
€335
€197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
397
pensions
-
-
-
86
total
-
-
-
483
Employee
965
-
1 313
-
health
16
-
20
-
income
174
-
306
-
pensions
93
-
108
-
total
283
-
434
-
Employer
965
-
1 313
-
pensions
114
-
162
-
health
18
-
25
-
total
132
-
187
-
Corporate
403
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.

76
285
-
-
total
76
285
-
-
Dividends
326
1 215
-
-
withholding
24
201
-
-
total
24
201
-
-
Income
1 500
1 500
1 500
1 500
Total tax
515
486
621
483
After tax
985
1 014
879
1 017
Living cost
682
682
682
682
Free-cash
303
332
197
335

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1150
€1103
€1048
€1104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
319
Employee
176
-
1 431
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
143
-
pensions

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

15
-
31
-
total
43
-
194
-
Employer
176
-
1 431
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 290
1 500
-
-
income
129
150
-
-
total
129
150
-
-
Dividends
1 161
1 350
-
-
withholding
58
67
-
-
total
58
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
264
217
263
319
After tax
1 236
1 283
1 237
1 181
Living cost
133
133
133
133
Free-cash
1 103
1 150
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

Source of data for Varna model

Close
Amsterdam , Netherlands
€176
€202
€286
€343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
408
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
652
Employee
940
865
1 312
-
health
117
113
125
-
income

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

142
142
162
-
pensions
119
119
119
-
total
378
374
406
-
Employer
940
865
1 312
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
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

Source of data for Amsterdam model

Close
Brno , Czech Republic
€791
€705
€564
€519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
203
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
694
Employee
356
-
1 119
-
social contributions
23
-
73
-
health
48
-
151
-
solidarity contribution
-
-
-
-
income
43
-
134
-
total
114
-
358
-
Employer
356
-
1 119
-
social contributions
89
-
280
-
health
32
-
101
-
total
121
-
381
-
Corporate
1 023
1 500
-
-
income
194
285
-
-
total
194
285
-
-
Dividends
828
1 215
-
-
withholding
124
182
-
-
total
124
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
553
467
739
694
After tax
947
1 033
761
806
Living cost
242
242
242
242
Free-cash
705
791
519
564

Estimated living cost  is €242 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

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

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

Dividends

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

Salary

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

Estimated living cost  is €428 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
€720
€688
€488
€444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

Estimated living cost  is €224 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€548
€579
€551
€413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
397
pensions
-
-
-
86
total
-
-
-
483
Employee
647
-
1 313
-
health
9
-
20
-
income
116
-
306
-
pensions
55
-
108
-
total
180
-
434
-
Employer
647
-
1 313
-
pensions
70
-
162
-
health
12
-
25
-
total
82
-
187
-
Corporate
771
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.

146
285
-
-
total
146
285
-
-
Dividends
624
1 215
-
-
withholding
47
201
-
-
total
47
201
-
-
Income
1 500
1 500
1 500
1 500
Total tax
455
486
621
483
After tax
1 045
1 014
879
1 017
Living cost
466
466
466
466
Free-cash
579
548
413
551

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€87
€244
€454
€380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
16
pensions
-
-
-
138
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
-
-
-
67
health
-
-
-
3
national
-
-
-
18
total
-
-
-
272
Employee
906
-
1 343
-
city
10
-
14
-
regional
30
-
58
-
health
2
-
3
-
pensions
76
-
113
-
unemployment
-
-
-
-
national
4
-
15
-
total
122
-
203
-
Employer
906
-
1 343
-
other

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

18
-
27
-
unemployment
-
-
-
-
pensions
76
-
113
-
health
2
-
3
-
total
96
-
143
-
Corporate
488
1 500
-
-
regional
103
317
-
-
national
41
127
-
-
total
144
444
-
-
Dividends
343
1 055
-
-
withholding
120
369
-
-
total
120
369
-
-
Income
1 500
1 500
1 500
1 500
Total tax
482
813
346
272
After tax
1 018
687
1 154
1 228
Living cost
774
774
774
774
Free-cash
244
-87
380
454

Estimated living cost  is €774 per week

€503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€277
€441
€335
€511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
trade
-
-
-
176
income

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

-
-
-
432
health

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

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

-
-
-
69
surtax

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

-
-
-
24
total
-
-
-
701
Employee

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

609
-
1 500
-
health

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

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

69
-
69
-
surtax

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

4
-
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
-
total
145
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
891
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.

7
12
-
-
income
134
225
-
-
trade
153
257
-
-
chamber of commerce
3
4
-
-
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.

Source of data for Munich model

Close
Nice , France
€409
€469
€502
€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
-
-
-
212
pensions
-
-
-
295
other
-
-
-
46
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
651
Employee
434
-
1 178
-
social contributions
12
-
34
-
surtax
-
-
-
-
income
26
-
214
-
pensions
49
-
75
-
total
87
-
323
-
Employer
434
-
1 178
-
other
15
-
43
-
social contributions
1
-
4
-
unemployment
18
-
48
-
pensions
71
-
127
-
health
30
-
101
-
total
135
-
323
-
Corporate
931
1 500
-
-
surtax
-
-
-
-
income
261
420
-
-
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

Source of data for Nice model

Close
Marseille , France
€444
€500
€537
€542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
295
other
-
-
-
46
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
651
Employee
387
-
1 178
-
social contributions
11
-
34
-
surtax
-
-
-
-
income
20
-
214
-
pensions
44
-
75
-
total
75
-
323
-
Employer
387
-
1 178
-
other
13
-
43
-
social contributions
1
-
4
-
unemployment
16
-
48
-
pensions
64
-
127
-
health
27
-
101
-
total
121
-
323
-
Corporate
992
1 500
-
-
surtax
-
-
-
-
income
278
420
-
-
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

Source of data for Marseille model

Close
Vilnius , Lithuania
€700
€705
€748
€725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
105
social contributions
-
-
-
207
total
-
-
-
537
Employee
344
-
1 500
-
social contributions
47
-
207
-
health
24
-
105
-
income
57
-
248
-
total
128
-
560
-
Employer
344
-
1 500
-
total
-
-
-
-
Corporate
1 156
1 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

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

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
€476
€460
€410
€35
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

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

Estimated living cost  is €357 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
€470
€318
€286
€174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
national
-
-
-
533
communal

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

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

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

725
-
1 162
-
communal

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

38
-
61
-
health

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

34
-
55
-
pensions

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

54
-
87
-
unemployment

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

6
-
10
-
national
223
-
405
-
total
355
-
618
-
Employer

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

725
-
1 162
-
accident

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

9
-
15
-
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
-
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
-
health

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

45
-
71
-
total
211
-
338
-
Corporate
564
1 500
-
-
surtax
2
6
-
-
income
113
300
-
-
total
115
306
-
-
Dividends
449
1 194
-
-
withholding

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

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

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
€637
€563
€479
€434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
655
Employee
504
-
1 201
-
other
-
-
1
-
income
106
-
339
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
399
-
Employer
504
-
1 201
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
835
1 500
-
-
income

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

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

Estimated living cost  is €366 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€342
€229
€223
€282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13
income
-
-
-
214
pensions
-
-
-
225
health
-
-
-
105
surtax
-
-
-
74
communal
-
-
-
95
total
-
-
-
726
Employee
767
-
1 340
-
health
34
-
60
-
surtax
47
-
82
-
income
74
-
258
-
pensions
61
-
107
-
total
216
-
507
-
Employer
767
-
1 340
-
accident
7
-
12
-
pensions
61
-
107
-
health
23
-
41
-
total
91
-
160
-
Corporate
641
1 500
-
-
surtax
7
16
-
-
communal
43
101
-
-
income
96
225
-
-
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

Source of data for Luxembourg model

Close
Athens , Greece
€716
€681
€484
€440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
€515
€492
€455
€386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €273 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
€735
€627
€508
€463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
142
health
-
-
-
203
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
694
Employee
439
-
1 119
-
social contributions
29
-
73
-
health
59
-
151
-
solidarity contribution
-
-
-
-
income
53
-
134
-
total
141
-
358
-
Employer
439
-
1 119
-
social contributions
110
-
280
-
health
40
-
101
-
total
150
-
381
-
Corporate
912
1 500
-
-
income
173
285
-
-
total
173
285
-
-
Dividends
739
1 215
-
-
withholding
111
182
-
-
total
111
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
575
467
739
694
After tax
925
1 033
761
806
Living cost
298
298
298
298
Free-cash
627
735
463
508

Estimated living cost  is €298 per week

€222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€511
€507
€446
€70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

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

Estimated living cost  is €323 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
€1281
€1254
€1341
€1056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
180
-
1 500
-
income
36
-
300
-
total
36
-
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%.

1 320
1 500
-
-
total
-
-
-
-
Dividends
1 320
1 500
-
-
withholding
66
75
-
-
total
66
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
102
75
300
15
After tax
1 398
1 425
1 200
1 485
Living cost
144
144
144
144
Free-cash
1 254
1 281
1 056
1 341

Estimated living cost  is €144 per week

€97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€761
€676
€475
€435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
274
unemployment
-
-
-
2
health
-
-
-
148
total
-
-
-
753
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
1 298
-
health
29
-
84
-
income
77
-
304
-
pensions
69
-
201
-
unemployment
1
-
2
-
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
-
unemployment
-
-
1
-
pensions
40
-
115
-
health
30
-
86
-
total
70
-
202
-
Corporate
982
1 500
-
-
income
187
285
-
-
total
187
285
-
-
Dividends
796
1 215
-
-
withholding
119
182
-
-
total
119
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
552
467
793
753
After tax
948
1 033
707
747
Living cost
272
272
272
272
Free-cash
676
761
435
475

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
€475
-€12
€599
€929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
628
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
628
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
1 500
-
-
income
-
330
-
-
total
-
330
-
-
Dividends
-
1 170
-
-
income
-
257
-
-
total
-
257
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 074
587
133
463
After tax
426
913
1 367
1 037
Living cost
438
438
438
438
Free-cash
-12
475
929
599

Estimated living cost  is €438 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€535
€525
€495
€390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
€267
€337
€360
€365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
295
other
-
-
-
46
health
-
-
-
55
surtax
-
-
-
-
social contributions
-
-
-
43
total
-
-
-
651
Employee
635
-
1 178
-
social contributions
18
-
34
-
surtax
-
-
-
-
income
55
-
214
-
pensions
72
-
75
-
total
145
-
323
-
Employer
635
-
1 178
-
other
22
-
43
-
social contributions
2
-
4
-
unemployment
26
-
48
-
pensions
104
-
127
-
health
44
-
101
-
total
198
-
323
-
Corporate
667
1 500
-
-
surtax
-
-
-
-
income
187
420
-
-
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

Source of data for Paris model

Close
Andorra , Andorra
€1045
€1012
€810
€850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

Source of data for Andorra model

Close
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
municipal
-
-
-
304
pensions
-
-
-
9
national
-
-
-
167
labour market
-
-
-
119
total
-
-
-
599
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
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

Source of data for Copenhagen model

Close
Krakow , Poland
-€97
€88
€807
€587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
475
Employee
343
-
1 334
-
health
39
-
153
-
income
47
-
299
-
pensions
39
-
77
-
total
125
-
529
-
Employer
343
-
1 334
-
accident
6
-
22
-
unemployment
8
-
33
-
pensions
56
-
111
-
total
70
-
166
-
Corporate
1 087
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.

978
1 350
-
-
total
978
1 350
-
-
Dividends
109
150
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 194
1 379
695
475
After tax
306
121
805
1 025
Living cost
218
218
218
218
Free-cash
88
-97
587
807

Estimated living cost  is €218 per week

€159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€569
€588
€619
€416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

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

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

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

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€861
€805
€805
€790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€1081
€1029
€1088
€884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
251
Employee

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

233
-
1 401
-
health
20
-
82
-
income
16
-
125
-
pensions
35
-
144
-
unemployment
1
-
5
-
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
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 243
1 500
-
-
income
112
135
-
-
total
112
135
-
-
Dividends
1 132
1 365
-
-
withholding
102
123
-
-
total
102
123
-
-
Income
1 500
1 500
1 500
1 500
Total tax
310
258
455
251
After tax
1 190
1 242
1 045
1 249
Living cost
161
161
161
161
Free-cash
1 029
1 081
884
1 088

Estimated living cost  is €161 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
€724
€678
€566
€521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
655
Employee
375
-
1 201
-
other
-
-
1
-
income
72
-
339
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
399
-
Employer
375
-
1 201
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 006
1 500
-
-
income

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

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

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
€908
€903
€931
€929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
506
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
541
Employee
42
-
1 477
-
health
2
-
5
-
income
8
-
505
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
520
-
Employer
42
-
1 477
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 448
1 500
-
-
income
319
330
-
-
total
319
330
-
-
Dividends
1 130
1 170
-
-
withholding
226
234
-
-
total
226
234
-
-
Income
1 500
1 500
1 500
1 500
Total tax
569
564
543
541
After tax
931
936
957
959
Living cost
28
28
28
28
Free-cash
903
908
929
931

Estimated living cost  is €28 per week

€16
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€8
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€909
€858
€709
€707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
616
Employee

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

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

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

264
-
1 366
-
health
14
-
39
-
income
36
-
333
-
pensions
37
-
105
-
unemployment
2
-
6
-
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
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 189
1 500
-
-
income
178
225
-
-
total
178
225
-
-
Dividends
1 010
1 275
-
-
withholding
152
191
-
-
total
152
191
-
-
Income
1 500
1 500
1 500
1 500
Total tax
467
416
618
616
After tax
1 033
1 084
882
884
Living cost
175
175
175
175
Free-cash
858
909
707
709

Estimated living cost  is €175 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
€580
€577
€540
€435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €273 per week

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

Source of data for Porto model

Close
Madrid , Spain
€647
€576
€489
€444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

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

Estimated living cost  is €356 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
€1109
€1047
€1007
€1063
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
319
Employee
231
-
1 431
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
143
-
pensions

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

20
-
31
-
total
57
-
194
-
Employer
231
-
1 431
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
1 224
1 500
-
-
income
122
150
-
-
total
122
150
-
-
Dividends
1 102
1 350
-
-
withholding
55
67
-
-
total
55
67
-
-
Income
1 500
1 500
1 500
1 500
Total tax
279
217
263
319
After tax
1 221
1 283
1 237
1 181
Living cost
174
174
174
174
Free-cash
1 047
1 109
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

Source of data for Sofia model

Close
Berlin , Germany
€382
€516
€436
€584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
trade
-
-
-
148
income

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

-
-
-
432
health

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

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

-
-
-
69
surtax

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

-
-
-
24
total
-
-
-
673
Employee

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

504
-
1 500
-
health

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

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

69
-
69
-
surtax

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

2
-
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
-
total
112
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
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.

8
12
-
-
income
149
225
-
-
trade
143
215
-
-
chamber of commerce
3
4
-
-
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.

Source of data for Berlin model

Close
Dublin , Ireland
€473
€495
€247
€247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
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.

Source of data for Dublin model

Close
Sliema , Malta
€553
€588
€776
€715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
68
total
-
-
-
356
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
356
After tax
956
921
1 083
1 144
Living cost
368
368
368
368
Free-cash
588
553
715
776

Estimated living cost  is €368 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€635
€686
€638
€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
-
-
-
397
pensions
-
-
-
86
total
-
-
-
483
Employee
520
-
1 313
-
health
7
-
20
-
income
95
-
306
-
pensions
40
-
108
-
total
142
-
434
-
Employer
520
-
1 313
-
pensions
53
-
162
-
health
10
-
25
-
total
63
-
187
-
Corporate
918
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.

174
285
-
-
total
174
285
-
-
Dividends
743
1 215
-
-
withholding
56
201
-
-
total
56
201
-
-
Income
1 500
1 500
1 500
1 500
Total tax
435
486
621
483
After tax
1 065
1 014
879
1 017
Living cost
379
379
379
379
Free-cash
686
635
500
638

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€119
€85
€785
€565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
475
Employee
377
-
1 334
-
health
43
-
153
-
income
52
-
299
-
pensions
42
-
77
-
total
137
-
529
-
Employer
377
-
1 334
-
accident
6
-
22
-
unemployment
9
-
33
-
pensions
61
-
111
-
total
76
-
166
-
Corporate
1 046
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.

942
1 350
-
-
total
942
1 350
-
-
Dividends
105
150
-
-
withholding
20
29
-
-
total
20
29
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 175
1 379
695
475
After tax
325
121
805
1 025
Living cost
240
240
240
240
Free-cash
85
-119
565
785

Estimated living cost  is €240 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1125
€1078
€708
€897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
7
health insurance
-
-
-
111
income
-
-
-
243
pensions
-
-
-
276
unemployment
-
-
-
18
total
-
-
-
655
Employee

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

218
-
1 500
-
work injury
1
-
4
-
income
22
-
243
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
466
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 282
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
1 269
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

Source of data for Skopje model

Close
Rome , Italy
€386
€340
€312
€244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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