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

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
373
accident
-
-
-
8
unemployment
-
-
-
7
pensions
-
-
-
266
other
-
-
-
1
total
-
-
-
655
Employee
375
-
1 201
-
other
-
-
1
-
income
72
-
339
-
unemployment
6
-
15
-
pensions
18
-
44
-
total
96
-
399
-
Employer
375
-
1 201
-
unemployment
21
-
52
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
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
Bratislava , Slovakia
€586
€525
€832
€764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
208
health
-
-
-
66
pensions

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

-
-
-
360
other
-
-
-
71
total
-
-
-
705
Employee
368
-
1 198
-
income
63
-
228
-
health
5
-
17
-
unemployment
4
-
12
-
pensions

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

26
-
84
-
total
98
-
341
-
Employer
368
-
1 198
-
unemployment
4
-
12
-
pensions

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

63
-
204
-
other
18
-
60
-
accident
3
-
10
-
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
Varna , Bulgaria
€1104
€1048
€1149
€1103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
225
health
-
-
-
41
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
319
Employee
176
-
1 431
-
income
18
-
143
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

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

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 290
1 500
-
-
income
129
150
-
-
total
129
150
-
-
Dividends
1 161
1 350
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
1 500
1 500
1 500
1 500
Total tax
264
218
263
319
After tax
1 236
1 282
1 237
1 181
Living cost
133
133
133
133
Free-cash
1 103
1 149
1 104
1 048

Estimated living cost  is €133 per week

€77
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
Nice , France
€507
€502
€409
€469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
212
social contributions
-
-
-
43
health
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
295
other
-
-
-
46
total
-
-
-
651
Employee
434
-
1 178
-
income
26
-
214
-
social contributions
12
-
34
-
surtax
-
-
-
-
pensions
49
-
75
-
total
87
-
323
-
Employer
434
-
1 178
-
unemployment
18
-
48
-
social contributions
1
-
4
-
pensions
71
-
127
-
other
15
-
43
-
health
30
-
101
-
total
135
-
323
-
Corporate
931
1 500
-
-
income
261
420
-
-
surtax
-
-
-
-
total
261
420
-
-
Dividends
670
1 080
-
-
withholding
86
138
-
-
surtax
-
-
-
-
social contributions
115
186
-
-
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
Rotterdam , Netherlands
€480
€423
€313
€251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

142
142
162
-
health
133
113
125
-
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
-
-
withholding
59
58
-
-
income
84
82
-
-
total
143
140
-
-
Income
1 500
1 500
1 500
1 500
Total tax
824
762
595
652
After tax
676
738
905
848
Living cost
425
425
425
425
Free-cash
251
313
480
423

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
€668
€506
€450
€562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
income

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

-
-
-
432
health

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

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

-
-
-
69
trade
-
-
-
162
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
-
income

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

11
-
432
-
health

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

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

69
-
69
-
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
-
total
81
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 112
1 500
-
-
chamber of commerce
3
4
-
-
income
167
225
-
-
surtax

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

9
12
-
-
trade
175
236
-
-
total
354
477
-
-
Dividends
758
1 023
-
-
withholding
186
252
-
-
surtax

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

10
14
-
-
total
196
266
-
-
Income
1 500
1 500
1 500
1 500
Total tax
631
743
525
687
After tax
869
757
975
813
Living cost
307
307
307
307
Free-cash
562
450
668
506

Estimated living cost  is €307 per week

€193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
258
social contributions
-
-
-
164
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
income
85
72
251
-
social contributions
29
65
87
-
health
6
13
24
-
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
Lisbon , Portugal
€390
€495
€535
€525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
1 500
income
-
-
-
166
social contributions

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

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

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
€1128
€1413
€1353
€1340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
90
-
1 500
-
income
18
-
300
-
total
18
-
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%.

1 410
1 500
-
-
total
-
-
-
-
Dividends
1 410
1 500
-
-
withholding
70
75
-
-
total
70
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
88
75
300
15
After tax
1 412
1 425
1 200
1 485
Living cost
72
72
72
72
Free-cash
1 340
1 353
1 128
1 413

Estimated living cost  is €72 per week

€45
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.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
1 500
income
-
-
-
329
health
-
-
-
148
unemployment
-
-
-
2
pensions
-
-
-
274
total
-
-
-
753
Employee

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

448
-
1 298
-
income
77
-
304
-
health
29
-
84
-
unemployment
1
-
2
-
pensions
69
-
201
-
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
Sliema , Malta
€715
€778
€553
€588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 500
income
-
-
-
288
health

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

-
-
-
66
total
-
-
-
354
Employee
465
-
1 453
-
social contributions
47
-
47
-
income
50
-
323
-
total
97
-
370
-
Employer
465
-
1 453
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
989
1 500
-
-
income
346
525
-
-
total
346
525
-
-
Dividends
643
975
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 500
1 500
1 500
1 500
Total tax
544
579
417
354
After tax
956
921
1 083
1 146
Living cost
368
368
368
368
Free-cash
588
553
715
778

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
225
social contributions
-
-
-
207
health
-
-
-
105
total
-
-
-
537
Employee
344
-
1 500
-
income
57
-
248
-
social contributions
47
-
207
-
health
24
-
105
-
total
128
-
560
-
Employer
344
-
1 500
-
total
-
-
-
-
Corporate
1 156
1 500
-
-
income

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

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

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
€488
€553
€757
€659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
146
social contributions
-
-
-
322
solidarity contribution
-
-
-
-
health
-
-
-
203
total
-
-
-
671
Employee
405
-
1 123
-
solidarity contribution
-
-
-
-
income
49
-
135
-
social contributions
26
-
72
-
health
55
-
152
-
total
130
-
359
-
Employer
405
-
1 123
-
social contributions
101
-
276
-
health
36
-
101
-
total
137
-
377
-
Corporate
957
1 500
-
-
income
182
285
-
-
total
182
285
-
-
Dividends
775
1 215
-
-
withholding
116
182
-
-
total
116
182
-
-
Income
1 500
1 500
1 500
1 500
Total tax
565
467
736
671
After tax
935
1 033
764
829
Living cost
276
276
276
276
Free-cash
659
757
488
553

Estimated living cost  is €276 per week

€205
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.
€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
Tbilisi , Georgia
€1088
€1373
€1313
€1292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
141
-
1 500
-
income
28
-
300
-
total
28
-
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%.

1 359
1 500
-
-
total
-
-
-
-
Dividends
1 359
1 500
-
-
withholding
68
75
-
-
total
68
75
-
-
Income
1 500
1 500
1 500
1 500
Total tax
96
75
300
15
After tax
1 404
1 425
1 200
1 485
Living cost
112
112
112
112
Free-cash
1 292
1 313
1 088
1 373

Estimated living cost  is €112 per week

€76
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
212
social contributions
-
-
-
43
health
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
295
other
-
-
-
46
total
-
-
-
651
Employee
635
-
1 178
-
income
55
-
214
-
social contributions
18
-
34
-
surtax
-
-
-
-
pensions
72
-
75
-
total
145
-
323
-
Employer
635
-
1 178
-
unemployment
26
-
48
-
social contributions
2
-
4
-
pensions
104
-
127
-
other
22
-
43
-
health
44
-
101
-
total
198
-
323
-
Corporate
667
1 500
-
-
income
187
420
-
-
surtax
-
-
-
-
total
187
420
-
-
Dividends
480
1 080
-
-
withholding
61
138
-
-
surtax
-
-
-
-
social contributions
83
186
-
-
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
Belgrade , Serbia
€709
€710
€909
€858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
1 500
income
-
-
-
333
health
-
-
-
77
unemployment
-
-
-
11
pensions
-
-
-
194
total
-
-
-
615
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
-
income
36
-
333
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
total
89
-
482
-
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
-
38
-
total
48
-
134
-
Corporate
1 189
1 500
-
-
income
178
225
-
-
total
178
225
-
-
Dividends
1 011
1 275
-
-
withholding
152
191
-
-
total
152
191
-
-
Income
1 500
1 500
1 500
1 500
Total tax
467
416
616
615
After tax
1 033
1 084
884
885
Living cost
175
175
175
175
Free-cash
858
909
709
710

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
Zurich , Switzerland
€441
€514
-€21
€278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
regional
-
-
-
70
national
-
-
-
21
health
-
-
-
3
city
-
-
-
16
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
pensions
-
-
-
138
total
-
-
-
278
Employee
828
-
1 343
-
regional
27
-
61
-
city
9
-
14
-
health
2
-
3
-
unemployment
-
-
-
-
national
4
-
17
-
pensions
70
-
113
-
total
112
-
208
-
Employer
828
-
1 343
-
unemployment
-
-
-
-
pensions
70
-
113
-
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.

17
-
27
-
health
2
-
3
-
total
89
-
143
-
Corporate
575
1 500
-
-
regional
122
317
-
-
national
49
127
-
-
total
171
444
-
-
Dividends
404
1 055
-
-
withholding
142
369
-
-
total
142
369
-
-
Income
1 500
1 500
1 500
1 500
Total tax
514
813
351
278
After tax
986
687
1 149
1 222
Living cost
708
708
708
708
Free-cash
278
-21
441
514

Estimated living cost  is €708 per week

€460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
municipal
-
-
-
267
national
-
-
-
206
health
-
-
-
19
total
-
-
-
492
Employee
533
-
1 262
-
health
4
-
15
-
unemployment
8
-
19
-
national
9
-
132
-
municipal
87
-
206
-
pensions
36
-
85
-
total
144
-
457
-
Employer
533
-
1 262
-
unemployment
3
-
8
-
pensions
92
-
219
-
accident
1
-
1
-
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.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
national
-
-
-
533
social contributions
-
-
-
235
communal

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

-
-
-
76
total
-
-
-
844
Employee

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

725
-
1 162
-
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
-
communal

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

38
-
61
-
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
-
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
-
total
355
-
618
-
Employer

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

725
-
1 162
-
unemployment

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

11
-
17
-
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
-
surtax
82
-
132
-
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
-
health

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

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

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

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

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
€367
€378
€407
€399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
369
national
-
-
-
79
health
-
-
-
56
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
98
other
-
-
-
105
total
-
-
-
710
Employee
587
-
1 216
-
national
-
-
74
-
municipal
175
-
363
-
total
175
-
437
-
Employer
587
-
1 216
-
unemployment
15
-
24
-
pensions
63
-
98
-
other
68
-
105
-
accident
1
-
2
-
health
36
-
55
-
total
183
-
284
-
Corporate
729
1 500
-
-
income
160
330
-
-
total
160
330
-
-
Dividends
569
1 170
-
-
withholding
171
351
-
-
total
171
351
-
-
Income
1 500
1 500
1 500
1 500
Total tax
689
681
721
710
After tax
811
819
779
790
Living cost
412
412
412
412
Free-cash
399
407
367
378

Estimated living cost  is €412 per week

€273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
€925
€596
€472
-€23
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
632
-
-
-
income
139
-
-
-
social contributions
52
-
7
-
total
191
-
7
-
Employer
632
-
-
-
social contributions
891
-
127
-
total
891
-
127
-
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
1 082
587
134
463
After tax
418
913
1 366
1 037
Living cost
441
441
441
441
Free-cash
-23
472
925
596

Estimated living cost  is €441 per week

€286
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.
€108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Limassol , Cyprus
€696
€711
€767
€724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
258
social contributions
-
-
-
164
health
-
-
-
38
total
-
-
-
460
Employee
779
779
1 387
-
income
82
72
251
-
social contributions
38
65
87
-
health
8
13
24
-
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
Edinburgh , United Kingdom
€510
€648
€642
€699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
404
pensions
-
-
-
84
total
-
-
-
488
Employee
500
-
1 312
-
income
91
-
313
-
health
7
-
20
-
pensions
38
-
105
-
total
136
-
438
-
Employer
500
-
1 312
-
pensions
51
-
163
-
health
10
-
25
-
total
61
-
188
-
Corporate
940
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.

179
285
-
-
total
179
285
-
-
Dividends
761
1 215
-
-
withholding
61
209
-
-
total
61
209
-
-
Income
1 500
1 500
1 500
1 500
Total tax
437
494
626
488
After tax
1 063
1 006
874
1 012
Living cost
364
364
364
364
Free-cash
699
642
510
648

Estimated living cost  is €364 per week

€250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
municipal
-
-
-
10
regional
-
-
-
34
national
-
-
-
354
social contributions
-
-
-
386
total
-
-
-
784
Employee
854
-
1 500
-
regional
13
-
30
-
social contributions
288
-
506
-
national
144
-
307
-
municipal
5
-
9
-
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
Gdansk , Poland
€598
€815
-€89
€89
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
407
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
40
other
-
-
-
4
total
-
-
-
474
Employee
332
-
1 339
-
income
46
-
304
-
health
38
-
153
-
pensions
37
-
73
-
total
121
-
530
-
Employer
332
-
1 339
-
unemployment
8
-
33
-
pensions
54
-
106
-
accident
6
-
22
-
total
68
-
161
-
Corporate
1 100
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.

990
1 350
-
-
total
990
1 350
-
-
Dividends
110
150
-
-
withholding
21
28
-
-
total
21
28
-
-
Income
1 500
1 500
1 500
1 500
Total tax
1 200
1 378
691
474
After tax
300
122
809
1 026
Living cost
211
211
211
211
Free-cash
89
-89
598
815

Estimated living cost  is €211 per week

€155
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.
€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

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.

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 500
income

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

-
-
-
432
health

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

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

-
-
-
69
trade
-
-
-
148
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
-
income

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

41
-
432
-
health

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

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

69
-
69
-
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
-
total
112
-
525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
996
1 500
-
-
chamber of commerce
3
4
-
-
income
149
225
-
-
surtax

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

8
12
-
-
trade
143
215
-
-
total
303
456
-
-
Dividends
692
1 044
-
-
withholding
169
257
-
-
surtax

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

9
14
-
-
total
178
271
-
-
Income
1 500
1 500
1 500
1 500
Total tax
593
727
525
673
After tax
907
773
975
827
Living cost
391
391
391
391
Free-cash
516
382
584
436

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Riga , Latvia
€705
€275
€989
€905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
1 500
microenterprise
-
-
-
-
income
-
-
-
244
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
surtax
-
-
-
382
total
-
-
-
1 014
Employee
296
-
1 072
-
income
53
-
208
-
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
-
-
-
-
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
Istanbul , Turkey
€754
€764
€803
€783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
436
health
-
-
-
70
pensions
-
-
-
97
total
-
-
-
603
Employee
202
-
1 391
-
income
39
-
431
-
health
10
-
24
-
unemployment
2
-
5
-
pensions
18
-
44
-
total
69
-
504
-
Employer
202
-
1 391
-
unemployment
4
-
10
-
pensions
22
-
53
-
health
19
-
46
-
total
45
-
109
-
Corporate
1 252
1 500
-
-
income
275
330
-
-
total
275
330
-
-
Dividends
977
1 170
-
-
withholding
195
234
-
-
total
195
234
-
-
Income
1 500
1 500
1 500
1 500
Total tax
584
564
613
603
After tax
916
936
887
897
Living cost
133
133
133
133
Free-cash
783
803
754
764

Estimated living cost  is €133 per week

€79
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
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.
€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
Athens , Greece
€440
€484
€716
€681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
367
health
-
-
-
96
unemployment
-
-
-
2
surtax
-
-
-
53
pensions
-
-
-
270
other
-
-
-
-
total
-
-
-
788
Employee
341
-
1 239
-
other
-
-
-
-
income
57
-
325
-
health
9
-
32
-
unemployment
24
-
86
-
surtax
1
-
46
-
pensions
23
-
83
-
total
114
-
572
-
Employer
341
-
1 239
-
unemployment
11
-
39
-
pensions
46
-
165
-
other
-
-
-
-
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
Graz , Austria
€70
€446
€511
€507
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 500
income
-
-
-
353
chamber of commerce
-
-
-
6
health
-
-
-
91
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
731
Employee
443
404
1 165
-
other
4
4
12
-
income
39
30
279
-
health
17
16
45
-
unemployment
13
12
35
-
pensions
45
41
119
-
total
118
103
490
-
Employer
443
404
1 165
-
unemployment
13
12
35
-
chamber of commerce
2
2
5
-
pensions
56
51
146
-