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
€ 1550
per

Your estimated
City
free-cash

Dresden , Germany
€476
€587
€526
€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

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

-
-
-
1 550
trade
-
-
-
170
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.

-
-
-
453
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.

-
-
-
25
total
-
-
-
717
Employee

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

388
-
1 550
-
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
-
25
-
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
-
453
-
total
81
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 162
1 550
-
-
surtax

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

10
13
-
-
income
174
232
-
-
trade
183
244
-
-
chamber of commerce
3
4
-
-
total
370
493
-
-
Dividends
792
1 057
-
-
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.

11
14
-
-
withholding
194
260
-
-
total
205
274
-
-
Income
1 550
1 550
1 550
1 550
Total tax
656
767
547
717
After tax
894
783
1 003
833
Living cost
307
307
307
307
Free-cash
587
476
696
526

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
€456
€447
€407
€420
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
-
-
-
1 550
municipal
-
-
-
168
pensions
-
-
-
186
national
-
-
-
261
social contributions
-
-
-
17
total
-
-
-
632
Employee
792
-
1 340
-
municipal
98
-
174
-
pensions
32
-
54
-
national
151
-
270
-
total
281
-
498
-
Employer
792
-
1 340
-
social contributions
9
-
14
-
pensions
63
-
107
-
total
72
-
121
-
Corporate
634
1 550
-
-
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%.

127
310
-
-
total
127
310
-
-
Dividends
508
1 240
-
-
withholding
112
273
-
-
total
112
273
-
-
Income
1 550
1 550
1 550
1 550
Total tax
592
583
619
632
After tax
958
967
931
918
Living cost
511
511
511
511
Free-cash
447
456
420
407

Estimated living cost  is €511 per week

€347
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.
€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.
€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

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
€1029
€945
€300
€730
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.

-
-
-
1 550
microenterprise
-
-
-
-
income
-
-
-
256
surtax
-
-
-
395
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
-
-
-
1 039
Employee
296
-
1 118
-
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
-
123
-
surtax
-
-
-
-
income
53
-
217
-
total
86
-
340
-
Employer
296
-
1 118
-
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
-
269
-
surtax
-
-
-
-
total
71
-
269
-
Corporate
1 183
1 550
-
-
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%.

237
310
-
-
total
237
310
-
-
Dividends

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

946
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
394
310
609
1 039
After tax
1 156
1 240
941
511
Living cost
211
211
211
211
Free-cash
945
1 029
730
300

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
€338
€277
€447
€517
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
-
-
-
1 550
income
-
-
-
434
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
678
Employee
865
865
1 362
-
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
175
-
pensions
156
119
119
-
total
431
374
419
-
Employer
865
865
1 362
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
544
533
-
-
income
109
107
-
-
total
109
107
-
-
Dividends
435
426
-
-
income
92
91
-
-
withholding
65
64
-
-
total
157
155
-
-
Income
1 550
1 550
1 550
1 550
Total tax
848
787
608
678
After tax
702
763
942
872
Living cost
425
425
425
425
Free-cash
277
338
517
447

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
€455
€446
€416
€405
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
-
-
-
1 550
municipal
-
-
-
388
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
107
total
-
-
-
743
Employee
557
-
1 281
-
municipal
166
-
382
-
national
-
-
102
-
total
166
-
484
-
Employer
557
-
1 281
-
accident
1
-
2
-
other
65
-
99
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
270
-
Corporate
819
1 550
-
-
income
180
341
-
-
total
180
341
-
-
Dividends
639
1 209
-
-
withholding
192
363
-
-
total
192
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
713
704
754
743
After tax
837
846
796
807
Living cost
391
391
391
391
Free-cash
446
455
405
416

Estimated living cost  is €391 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
€376
€520
€428
€605
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.

-
-
-
1 550
trade
-
-
-
177
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.

-
-
-
453
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.

-
-
-
25
total
-
-
-
724
Employee

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

514
-
1 550
-
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
-
25
-
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
-
453
-
total
115
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 036
1 550
-
-
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
13
-
-
income
155
232
-
-
trade
170
255
-
-
chamber of commerce
3
4
-
-
total
337
504
-
-
Dividends
699
1 046
-
-
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
171
258
-
-
total
180
272
-
-
Income
1 550
1 550
1 550
1 550
Total tax
632
776
547
724
After tax
918
774
1 003
826
Living cost
398
398
398
398
Free-cash
520
376
605
428

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
€803
€760
€742
€728
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
-
-
-
1 550
income
-
-
-
275
health
-
-
-
40
social contributions
-
-
-
164
total
-
-
-
479
Employee
779
779
1 436
-
social contributions
38
65
87
-
health
8
13
24
-
income
82
72
268
-
total
128
150
379
-
Employer
779
779
1 436
-
social contributions
38
65
87
-
health
8
14
27
-
total
46
79
114
-
Corporate
1 048
692
-
-
income
131
86
-
-
total
131
86
-
-
Dividends
917
605
-
-
withholding
156
103
-
-
total
156
103
-
-
Income
1 550
1 550
1 550
1 550
Total tax
461
418
493
479
After tax
1 089
1 132
1 057
1 071
Living cost
329
329
329
329
Free-cash
760
803
728
742

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
€686
€689
€889
€713
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
-
-
-
1 550
income
-
-
-
189
pensions
-
-
-
155
unemployment
-
-
-
23
health
-
-
-
109
total
-
-
-
476
Employee

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

The minimum wage is 138,000 HUF per month.

266
106
1 297
-
health
19
7
91
-
income
33
13
159
-
pensions
27
11
130
-
unemployment
4
2
19
-
total
83
33
399
-
Employer

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

The minimum wage is 138,000 HUF per month.

266
106
1 297
-
pensions
52
21
253
-
total
52
21
253
-
Corporate
1 232
1 423
-
-
income
111
128
-
-
total
111
128
-
-
Dividends
1 121
1 295
-
-
social contributions
217
251
-
-
withholding
213
246
-
-
total
430
497
-
-
Income
1 550
1 550
1 550
1 550
Total tax
676
679
652
476
After tax
874
871
898
1 074
Living cost
185
185
185
185
Free-cash
689
686
713
889

Estimated living cost  is €185 per week

€126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€995
€932
€585
€648
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
-
-
-
1 550
income
-
-
-
208
pensions
-
-
-
310
health
-
-
-
202
total
-
-
-
720
Employee
287
-
1 158
-
income
32
-
223
-
pensions
6
-
23
-
unemployment
5
-
19
-
total
43
-
265
-
Employer
287
-
1 158
-
unemployment
2
-
9
-
pensions
58
-
232
-
health
37
-
151
-
total
97
-
392
-
Corporate
1 165
1 550
-
-
income
233
310
-
-
total
233
310
-
-
Dividends
932
1 240
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
373
310
657
720
After tax
1 177
1 240
893
830
Living cost
245
245
245
245
Free-cash
932
995
648
585

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
-€95
€90
€838
€613
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
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
420
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
491
Employee
347
-
1 382
-
health
40
-
158
-
income
48
-
313
-
pensions
39
-
77
-
total
127
-
548
-
Employer
347
-
1 382
-
accident
6
-
23
-
unemployment
9
-
34
-
pensions
56
-
111
-
total
71
-
168
-
Corporate
1 132
1 550
-
-
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.

1 019
1 395
-
-
total
1 019
1 395
-
-
Dividends
113
155
-
-
withholding
22
29
-
-
total
22
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 239
1 424
716
491
After tax
311
126
834
1 059
Living cost
221
221
221
221
Free-cash
90
-95
613
838

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
€1380
€1362
€1442
€1148
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%.

-
-
-
1 550
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
116
-
1 550
-
income
23
-
310
-
total
23
-
310
-
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%.

1 434
1 550
-
-
total
-
-
-
-
Dividends
1 434
1 550
-
-
withholding
72
77
-
-
total
72
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
95
77
310
15
After tax
1 455
1 473
1 240
1 535
Living cost
93
93
93
93
Free-cash
1 362
1 380
1 148
1 442

Estimated living cost  is €93 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
€868
€800
€552
€615
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
-
-
-
1 550
income
-
-
-
217
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.

-
-
-
370
other
-
-
-
73
health
-
-
-
68
total
-
-
-
728
Employee
368
-
1 238
-
health
5
-
17
-
income
63
-
238
-
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
-
87
-
unemployment
4
-
12
-
total
98
-
354
-
Employer
368
-
1 238
-
accident
3
-
10
-
other
18
-
62
-
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
-
210
-
health
5
-
17
-
total
93
-
311
-
Corporate
1 089
1 550
-
-
income
229
326
-
-
total
229
326
-
-
Dividends
861
1 224
-
-
withholding
60
86
-
-
total
60
86
-
-
Income
1 550
1 550
1 550
1 550
Total tax
480
412
665
728
After tax
1 070
1 138
885
822
Living cost
270
270
270
270
Free-cash
800
868
615
552

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
€357
€339
€363
€220
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
-
-
-
1 550
income
-
-
-
416
pensions
-
-
-
87
total
-
-
-
503
Employee
968
-
1 356
-
health
16
-
21
-
income
174
-
322
-
pensions
93
-
109
-
total
283
-
452
-
Employer
968
-
1 356
-
pensions
114
-
168
-
health
18
-
26
-
total
132
-
194
-
Corporate
450
1 550
-
-
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.

85
295
-
-
total
85
295
-
-
Dividends
364
1 255
-
-
withholding
27
214
-
-
total
27
214
-
-
Income
1 550
1 550
1 550
1 550
Total tax
527
509
646
503
After tax
1 023
1 041
904
1 047
Living cost
684
684
684
684
Free-cash
339
357
220
363

Estimated living cost  is €684 per week

€512
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.
€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

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
€1192
€1146
€1090
€1149
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
-
-
-
1 550
income
-
-
-
233
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
-
-
-
327
Employee
176
-
1 481
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
148
-
pensions

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

15
-
31
-
total
43
-
199
-
Employer
176
-
1 481
-
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
1 339
1 550
-
-
income
134
155
-
-
total
134
155
-
-
Dividends
1 205
1 395
-
-
withholding
60
70
-
-
total
60
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
271
225
268
327
After tax
1 279
1 325
1 282
1 223
Living cost
133
133
133
133
Free-cash
1 146
1 192
1 149
1 090

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
€201
€227
€310
€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
-
-
-
1 550
income
-
-
-
434
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
678
Employee
940
865
1 362
-
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
175
-
pensions
119
119
119
-
total
378
374
419
-
Employer
940
865
1 362
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
446
533
-
-
income
89
107
-
-
total
89
107
-
-
Dividends
357
426
-
-
income
76
91
-
-
withholding
54
64
-
-
total
130
155
-
-
Income
1 550
1 550
1 550
1 550
Total tax
761
787
608
678
After tax
789
763
942
872
Living cost
562
562
562
562
Free-cash
227
201
380
310

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
€825
€738
€599
€544
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
-
-
-
1 550
income
-
-
-
149
health
-
-
-
209
solidarity contribution
-
-
-
-
social contributions
-
-
-
350
total
-
-
-
708
Employee
357
-
1 157
-
social contributions
23
-
75
-
health
48
-
156
-
solidarity contribution
-
-
-
-
income
43
-
139
-
total
114
-
370
-
Employer
357
-
1 157
-
social contributions
89
-
289
-
health
32
-
104
-
total
121
-
393
-
Corporate
1 071
1 550
-
-
income
204
294
-
-
total
204
294
-
-
Dividends
868
1 256
-
-
withholding
130
188
-
-
total
130
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
569
482
763
708
After tax
981
1 068
787
842
Living cost
243
243
243
243
Free-cash
738
825
544
599

Estimated living cost  is €243 per week

€169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€399
€346
€326
€255
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
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
18
national
-
-
-
370
social contributions
-
-
-
399
total
-
-
-
796
Employee
901
-
1 550
-
social contributions
304
-
523
-
regional
8
-
16
-
municipal
5
-
8
-
national
156
-
320
-
total
473
-
867
-
Employer
901
-
1 550
-
total
-
-
-
-
Corporate
649
1 550
-
-
nationa
156
372
-
-
municipal
25
60
-
-
total
181
432
-
-
Dividends
468
1 118
-
-
withholding
122
291
-
-
total
122
291
-
-
Income
1 550
1 550
1 550
1 550
Total tax
776
723
867
796
After tax
774
827
683
754
Living cost
428
428
428
428
Free-cash
346
399
255
326

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
€751
€719
€513
€460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
389
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
56
total
-
-
-
813
Employee
335
-
1 280
-
other
-
-
-
-
health
9
-
33
-
surtax
1
-
48
-
income
56
-
341
-
pensions
22
-
85
-
unemployment
23
-
89
-
total
111
-
596
-
Employer
335
-
1 280
-
other
-
-
-
-
unemployment
11
-
41
-
pensions
45
-
171
-
health
15
-
58
-
total
71
-
270
-
Corporate
1 144
1 550
-
-
income
298
403
-
-
total
298
403
-
-
Dividends
847
1 147
-
-
withholding
127
172
-
-
total
127
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
607
575
866
813
After tax
943
975
684
737
Living cost
224
224
224
224
Free-cash
719
751
460
513

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
€574
€614
€580
€437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
416
pensions
-
-
-
87
total
-
-
-
503
Employee
648
-
1 356
-
health
9
-
21
-
income
117
-
322
-
pensions
55
-
109
-
total
181
-
452
-
Employer
648
-
1 356
-
pensions
70
-
168
-
health
12
-
26
-
total
82
-
194
-
Corporate
819
1 550
-
-
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.

156
295
-
-
total
156
295
-
-
Dividends
663
1 255
-
-
withholding
50
214
-
-
total
50
214
-
-
Income
1 550
1 550
1 550
1 550
Total tax
469
509
646
503
After tax
1 081
1 041
904
1 047
Living cost
467
467
467
467
Free-cash
614
574
437
580

Estimated living cost  is €467 per week

€350
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
-€64
€267
€494
€418
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
-
-
-
1 550
city
-
-
-
16
pensions
-
-
-
143
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.

-
-
-
31
regional
-
-
-
71
health
-
-
-
3
national
-
-
-
20
total
-
-
-
284
Employee
904
-
1 387
-
city
10
-
15
-
regional
30
-
61
-
health
2
-
3
-
pensions
76
-
117
-
unemployment
-
-
-
-
national
4
-
16
-
total
122
-
212
-
Employer
904
-
1 387
-
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
-
28
-
unemployment
-
-
-
-
pensions
76
-
117
-
health
2
-
3
-
total
96
-
148
-
Corporate
540
1 550
-
-
regional
114
328
-
-
national
46
132
-
-
total
160
460
-
-
Dividends
380
1 090
-
-
withholding
133
382
-
-
total
133
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
511
842
360
284
After tax
1 039
708
1 190
1 266
Living cost
772
772
772
772
Free-cash
267
-64
418
494

Estimated living cost  is €772 per week

€502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€191
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
€302
€467
€354
€539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 550
trade
-
-
-
185
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.

-
-
-
453
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.

-
-
-
25
total
-
-
-
732
Employee

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

609
-
1 550
-
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
-
25
-
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
-
453
-
total
145
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
941
1 550
-
-
surtax

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

8
13
-
-
income
141
232
-
-
trade
161
266
-
-
chamber of commerce
3
4
-
-
total
313
515
-
-
Dividends
628
1 035
-
-
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
153
255
-
-
total
161
269
-
-
Income
1 550
1 550
1 550
1 550
Total tax
619
784
547
732
After tax
931
766
1 003
818
Living cost
464
464
464
464
Free-cash
467
302
539
354

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
€434
€495
€530
€531
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
-
-
-
1 550
income
-
-
-
224
pensions
-
-
-
299
other
-
-
-
48
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
673
Employee
434
-
1 214
-
social contributions
12
-
35
-
surtax
-
-
-
-
income
26
-
223
-
pensions
49
-
78
-
total
87
-
336
-
Employer
434
-
1 214
-
other
15
-
45
-
social contributions
1
-
4
-
unemployment
18
-
49
-
pensions
71
-
133
-
health
30
-
105
-
total
135
-
336
-
Corporate
981
1 550
-
-
surtax
-
-
-
-
income
275
434
-
-
total
275
434
-
-
Dividends
706
1 116
-
-
surtax
-
-
-
-
social contributions
121
192
-
-
withholding
90
143
-
-
total
211
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
708
769
672
673
After tax
842
781
878
877
Living cost
347
347
347
347
Free-cash
495
434
531
530

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
€469
€525
€565
€566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
224
pensions
-
-
-
299
other
-
-
-
48
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
673
Employee
387
-
1 214
-
social contributions
11
-
35
-
surtax
-
-
-
-
income
20
-
223
-
pensions
44
-
78
-
total
75
-
336
-
Employer
387
-
1 214
-
other
13
-
45
-
social contributions
1
-
4
-
unemployment
16
-
49
-
pensions
64
-
133
-
health
27
-
105
-
total
121
-
336
-
Corporate
1 042
1 550
-
-
surtax
-
-
-
-
income
292
434
-
-
total
292
434
-
-
Dividends
750
1 116
-
-
surtax
-
-
-
-
social contributions
129
192
-
-
withholding
96
143
-
-
total
225
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
713
769
672
673
After tax
837
781
878
877
Living cost
312
312
312
312
Free-cash
525
469
566
565

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
€730
€737
€781
€755
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
-
-
-
1 550
income
-
-
-
232
health
-
-
-
108
social contributions
-
-
-
214
total
-
-
-
554
Employee
344
-
1 550
-
social contributions
47
-
214
-
health
24
-
108
-
income
57
-
258
-
total
128
-
580
-
Employer
344
-
1 550
-
total
-
-
-
-
Corporate
1 206
1 550
-
-
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%.

60
78
-
-
total
60
78
-
-
Dividends
1 146
1 472
-
-
health
80
103
-
-
social contributions
158
203
-
-
withholding
172
221
-
-
total
410
527
-
-
Income
1 550
1 550
1 550
1 550
Total tax
598
605
580
554
After tax
952
945
970
996
Living cost
215
215
215
215
Free-cash
737
730
755
781

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
€503
€486
€438
€46
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
-
-
-
1 550
chamber of commerce
-
-
-
6
income
-
-
-
375
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
755
Employee
506
404
1 206
-
other
5
4
12
-
health
20
16
46
-
income
58
30
295
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
510
-
Employer
506
404
1 206
-
accident
7
5
15
-
other
24
19
57
-
chamber of commerce
2
2
5
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
36
-
health
19
15
45
-
total
148
118
345
-
Corporate
896
1 028
1 167
-
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.

224
257
292
-
total
224
257
292
-
Dividends
672
771
-
-
withholding
185
212
-
-
total
185
212
-
-
Income
1 550
1 550
1 550
1 550
Total tax
707
690
1 147
755
After tax
843
860
403
795
Living cost
357
357
357
357
Free-cash
486
503
46
438

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
€498
€346
€306
€190
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
-
-
-
1 550
national
-
-
-
554
communal

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

-
-
-
78
social contributions
-
-
-
242
total
-
-
-
874
Employee

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

725
-
1 201
-
communal

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

38
-
63
-
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
-
56
-
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
-
90
-
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
-
422
-
total
355
-
641
-
Employer

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

725
-
1 201
-
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
-
16
-
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
-
18
-
surtax
82
-
136
-
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
-
106
-
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
-
74
-
total
211
-
350
-
Corporate
614
1 550
-
-
surtax
2
6
-
-
income
123
310
-
-
total
125
316
-
-
Dividends
489
1 234
-
-
withholding

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

143
366
-
-
total
143
366
-
-
Income
1 550
1 550
1 550
1 550
Total tax
834
682
991
874
After tax
716
868
559
676
Living cost
370
370
370
370
Free-cash
346
498
190
306

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
€671
€596
€506
€462
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
-
-
-
1 550
accident
-
-
-
8
income
-
-
-
396
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
678
Employee
504
-
1 251
-
other
-
-
1
-
income
106
-
361
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
421
-
Employer
504
-
1 251
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
885
1 550
-
-
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.

133
232
-
-
total
133
232
-
-
Dividends
752
1 318
-
-
withholding
156
281
-
-
total
156
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
588
513
722
678
After tax
962
1 037
828
872
Living cost
366
366
366
366
Free-cash
596
671
462
506

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
€369
€252
€242
€303
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
-
-
-
1 550
accident
-
-
-
13
income
-
-
-
228
pensions
-
-
-
232
health
-
-
-
109
surtax
-
-
-
77
communal
-
-
-
98
total
-
-
-
757
Employee
767
-
1 385
-
health
34
-
62
-
surtax
47
-
85
-
income
74
-
273
-
pensions
61
-
111
-
total
216
-
531
-
Employer
767
-
1 385
-
accident
7
-
12
-
pensions
61
-
111
-
health
23
-
42
-
total
91
-
165
-
Corporate
691
1 550
-
-
surtax
7
16
-
-
communal
47
105
-
-
income
104
232
-
-
total
158
353
-
-
Dividends
533
1 197
-
-
income
202
97
-
-
withholding
80
180
-
-
total
282
277
-
-
Income
1 550
1 550
1 550
1 550
Total tax
747
630
696
757
After tax
803
920
854
793
Living cost
551
551
551
551
Free-cash
252
369
303
242

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
€747
€713
€509
€456
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
-
-
-
1 550
income
-
-
-
389
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
56
total
-
-
-
813
Employee
341
-
1 280
-
other
-
-
-
-
health
9
-
33
-
surtax
1
-
48
-
income
57
-
341
-
pensions
23
-
85
-
unemployment
24
-
89
-
total
114
-
596
-
Employer
341
-
1 280
-
other
-
-
-
-
unemployment
11
-
41
-
pensions
46
-
171
-
health
16
-
58
-
total
73
-
270
-
Corporate
1 137
1 550
-
-
income
296
403
-
-
total
296
403
-
-
Dividends
841
1 147
-
-
withholding
126
172
-
-
total
126
172
-
-
Income
1 550
1 550
1 550
1 550
Total tax
609
575
866
813
After tax
941
975
684
737
Living cost
228
228
228
228
Free-cash
713
747
456
509

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
€542
€519
€476
€405
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
-
-
-
1 550
municipal
-
-
-
9
regional
-
-
-
23
national
-
-
-
370
social contributions
-
-
-
399
total
-
-
-
801
Employee
562
-
1 550
-
social contributions
190
-
523
-
regional
8
-
21
-
municipal
3
-
8
-
national
89
-
320
-
total
290
-
872
-
Employer
562
-
1 550
-
total
-
-
-
-
Corporate
988
1 550
-
-
nationa
237
372
-
-
municipal
49
77
-
-
total
286
449
-
-
Dividends
702
1 101
-
-
withholding
182
286
-
-
total
182
286
-
-
Income
1 550
1 550
1 550
1 550
Total tax
758
735
872
801
After tax
792
815
678
749
Living cost
273
273
273
273
Free-cash
519
542
405
476

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
€769
€661
€543
€488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
149
health
-
-
-
209
solidarity contribution
-
-
-
-
social contributions
-
-
-
350
total
-
-
-
708
Employee
440
-
1 157
-
social contributions
29
-
75
-
health
59
-
156
-
solidarity contribution
-
-
-
-
income
53
-
139
-
total
141
-
370
-
Employer
440
-
1 157
-
social contributions
110
-
289
-
health
40
-
104
-
total
150
-
393
-
Corporate
960
1 550
-
-
income
182
294
-
-
total
182
294
-
-
Dividends
778
1 256
-
-
withholding
117
188
-
-
total
117
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
590
482
763
708
After tax
960
1 068
787
842
Living cost
299
299
299
299
Free-cash
661
769
488
543

Estimated living cost  is €299 per week

€223
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
€539
€534
€474
€81
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
-
-
-
1 550
chamber of commerce
-
-
-
6
income
-
-
-
375
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
753
Employee
443
404
1 208
-
other
4
4
12
-
health
17
16
46
-
income
39
30
296
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
511
-
Employer
443
404
1 208
-
accident
6
5
15
-
other
21
19
57
-
chamber of commerce
2
2
5
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
36
-
health
17
15
45
-
total
128
116
343
-
Corporate
980
1 030
1 169
-
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.

245
257
292
-
total
245
257
292
-
Dividends
735
772
-
-
withholding
202
212
-
-
total
202
212
-
-
Income
1 550
1 550
1 550
1 550
Total tax
693
688
1 146
753
After tax
857
862
404
797
Living cost
323
323
323
323
Free-cash
534
539
81
474

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
€1329
€1302
€1391
€1096
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%.

-
-
-
1 550
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
-
1 550
-
income
36
-
310
-
total
36
-
310
-
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%.

1 370
1 550
-
-
total
-
-
-
-
Dividends
1 370
1 550
-
-
withholding
68
77
-
-
total
68
77
-
-
Income
1 550
1 550
1 550
1 550
Total tax
104
77
310
15
After tax
1 446
1 473
1 240
1 535
Living cost
144
144
144
144
Free-cash
1 302
1 329
1 096
1 391

Estimated living cost  is €144 per week

€98
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
€796
€711
€497
€455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 550
income
-
-
-
343
pensions
-
-
-
283
unemployment
-
-
-
2
health
-
-
-
153
total
-
-
-
781
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
-
1 341
-
health
29
-
87
-
income
77
-
317
-
pensions
69
-
208
-
unemployment
1
-
2
-
total
176
-
614
-
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
-
1 341
-
unemployment
-
-
1
-
pensions
40
-
119
-
health
30
-
89
-
total
70
-
209
-
Corporate
1 032
1 550
-
-
income
196
294
-
-
total
196
294
-
-
Dividends
836
1 256
-
-
withholding
125
188
-
-
total
125
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
567
482
823
781
After tax
983
1 068
727
769
Living cost
272
272
272
272
Free-cash
711
796
455
497

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
€504
€19
€632
€977
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
-
-
-
1 550
income
-
-
-
302
social contributions
-
-
-
177
total
-
-
-
479
Employee
630
-
-
-
social contributions
52
-
7
-
income
139
-
-
-
total
191
-
7
-
Employer
630
-
-
-
social contributions
888
-
127
-
total
888
-
127
-
Corporate
32
1 550
-
-
income
7
341
-
-
total
7
341
-
-
Dividends
25
1 209
-
-
income
6
266
-
-
total
6
266
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 092
607
134
479
After tax
458
943
1 416
1 071
Living cost
439
439
439
439
Free-cash
19
504
977
632

Estimated living cost  is €439 per week

€285
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
€563
€554
€520
€410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 550
income
-
-
-
173
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
712
Employee
466
-
1 253
-
social contributions
51
-
138
-
surtax
-
-
-
-
income
97
-
387
-
total
148
-
525
-
Employer
466
-
1 253
-
social contributions
111
-
297
-
total
111
-
297
-
Corporate
973
1 550
-
-
surtax
-
-
-
-
income
204
326
-
-
total
204
326
-
-
Dividends
769
1 224
-
-
withholding
215
343
-
-
total
215
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
678
669
822
712
After tax
872
881
728
838
Living cost
318
318
318
318
Free-cash
554
563
410
520

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
€292
€362
€388
€389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
224
pensions
-
-
-
299
other
-
-
-
48
health
-
-
-
58
surtax
-
-
-
-
social contributions
-
-
-
44
total
-
-
-
673
Employee
635
-
1 214
-
social contributions
18
-
35
-
surtax
-
-
-
-
income
55
-
223
-
pensions
72
-
78
-
total
145
-
336
-
Employer
635
-
1 214
-
other
22
-
45
-
social contributions
2
-
4
-
unemployment
26
-
49
-
pensions
104
-
133
-
health
44
-
105
-
total
198
-
336
-
Corporate
717
1 550
-
-
surtax
-
-
-
-
income
201
434
-
-
total
201
434
-
-
Dividends
516
1 116
-
-
surtax
-
-
-
-
social contributions
89
192
-
-
withholding
66
143
-
-
total
155
335
-
-
Income
1 550
1 550
1 550
1 550
Total tax
699
769
672
673
After tax
851
781
878
877
Living cost
489
489
489
489
Free-cash
362
292
389
388

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
€1090
€1057
€845
€886
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
-
-
-
1 550
income
-
-
-
59
social contributions
-
-
-
341
total
-
-
-
400
Employee
326
-
1 342
-
income
-
-
64
-
social contributions
21
-
87
-
total
21
-
151
-
Employer
326
-
1 342
-
social contributions
50
-
208
-
total
50
-
208
-
Corporate
1 174
1 550
-
-
income
117
155
-
-
total
117
155
-
-
Dividends
1 056
1 395
-
-
total
-
-
-
-
Income
1 550
1 550
1 550
1 550
Total tax
188
155
359
400
After tax
1 362
1 395
1 191
1 150
Living cost
305
305
305
305
Free-cash
1 057
1 090
886
845

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
-€659
-€659
€440
-€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
-
-
-
1 550
municipal
-
-
-
316
pensions
-
-
-
9
national
-
-
-
174
labour market
-
-
-
123
total
-
-
-
622
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
1 550
1 550
1 550
1 550
Total tax
1 721
1 721
1 721
622
After tax
-171
-171
-171
928
Living cost
488
488
488
488
Free-cash
-659
-659
-659
440

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
-€91
€92
€842
€617
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
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
420
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
491
Employee
342
-
1 382
-
health
39
-
158
-
income
47
-
313
-
pensions
39
-
77
-
total
125
-
548
-
Employer
342
-
1 382
-
accident
6
-
23
-
unemployment
8
-
34
-
pensions
56
-
111
-
total
70
-
168
-
Corporate
1 138
1 550
-
-
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.

1 024
1 395
-
-
total
1 024
1 395
-
-
Dividends
114
155
-
-
withholding
22
29
-
-
total
22
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 241
1 424
716
491
After tax
309
126
834
1 059
Living cost
218
218
218
218
Free-cash
92
-91
617
842

Estimated living cost  is €218 per week

€158
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
€597
€618
€645
€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

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

-
-
-
1 550
municipal
-
-
-
275
health
-
-
-
20
national
-
-
-
221
total
-
-
-
516
Employee
533
-
1 304
-
health
4
-
16
-
municipal
87
-
212
-
pensions
36
-
88
-
unemployment
8
-
20
-
national
9
-
140
-
total
144
-
476
-
Employer
533
-
1 304
-
accident
1
-
1
-
unemployment
3
-
8
-
pensions
92
-
226
-
health
4
-
10
-
total
100
-
245
-
Corporate
916
1 550
-
-
income
183
310
-
-
total
183
310
-
-
Dividends

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

550
930
-
-
national
17
87
-
-
municipal
99
167
-
-
total
116
254
-
-
Income
1 550
1 550
1 550
1 550
Total tax
543
564
721
516
After tax
1 007
986
829
1 034
Living cost
389
389
389
389
Free-cash
618
597
440
645

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
€897
€842
€836
€822
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
-
-
-
1 550
income
-
-
-
275
health
-
-
-
40
social contributions
-
-
-
164
total
-
-
-
479
Employee
779
779
1 436
-
social contributions
29
65
87
-
health
6
13
24
-
income
85
72
268
-
total
120
150
379
-
Employer
779
779
1 436
-
social contributions
29
65
87
-
health
7
14
27
-
total
36
79
114
-
Corporate
1 159
692
-
-
income
145
86
-
-
total
145
86
-
-
Dividends
1 014
605
-
-
withholding
172
103
-
-
total
172
103
-
-
Income
1 550
1 550
1 550
1 550
Total tax
473
418
493
479
After tax
1 077
1 132
1 057
1 071
Living cost
235
235
235
235
Free-cash
842
897
822
836

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
€1122
€1071
€1132
€928
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
-
-
-
1 550
income
-
-
-
156
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
257
Employee

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

233
-
1 451
-
health
20
-
82
-
income
16
-
131
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
362
-
Employer

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

233
-
1 451
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 293
1 550
-
-
income
116
140
-
-
total
116
140
-
-
Dividends
1 177
1 410
-
-
withholding
106
127
-
-
total
106
127
-
-
Income
1 550
1 550
1 550
1 550
Total tax
318
267
461
257
After tax
1 232
1 283
1 089
1 293
Living cost
161
161
161
161
Free-cash
1 071
1 122
928
1 132

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
€758
€712
€593
€549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
accident
-
-
-
8
income
-
-
-
396
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
678
Employee
375
-
1 251
-
other
-
-
1
-
income
72
-
361
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
421
-
Employer
375
-
1 251
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 056
1 550
-
-
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.

158
232
-
-
total
158
232
-
-
Dividends
897
1 318
-
-
withholding
186
281
-
-
total
186
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
559
513
722
678
After tax
991
1 037
828
872
Living cost
279
279
279
279
Free-cash
712
758
549
593

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
€939
€934
€963
€961
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
-
-
-
1 550
income
-
-
-
524
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
559
Employee
42
-
1 527
-
health
2
-
5
-
income
8
-
523
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
538
-
Employer
42
-
1 527
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 498
1 550
-
-
income
330
341
-
-
total
330
341
-
-
Dividends
1 168
1 209
-
-
withholding
234
242
-
-
total
234
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
588
583
561
559
After tax
962
967
989
991
Living cost
28
28
28
28
Free-cash
934
939
961
963

Estimated living cost  is €28 per week

€17
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
€945
€894
€747
€745
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.

-
-
-
1 550
income
-
-
-
345
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
628
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
-
1 416
-
health
14
-
39
-
income
36
-
345
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
495
-
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
-
1 416
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 238
1 550
-
-
income
186
232
-
-
total
186
232
-
-
Dividends
1 053
1 318
-
-
withholding
158
198
-
-
total
158
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
481
430
630
628
After tax
1 069
1 120
920
922
Living cost
175
175
175
175
Free-cash
894
945
745
747

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
€608
€606
€565
€455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 550
income
-
-
-
173
surtax
-
-
-
-
social contributions

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

-
-
-
539
total
-
-
-
712
Employee
393
-
1 253
-
social contributions
43
-
138
-
surtax
-
-
-
-
income
77
-
387
-
total
120
-
525
-
Employer
393
-
1 253
-
social contributions
93
-
297
-
total
93
-
297
-
Corporate
1 063
1 550
-
-
surtax
-
-
-
-
income
223
326
-
-
total
223
326
-
-
Dividends
840
1 224
-
-
withholding
235
343
-
-
total
235
343
-
-
Income
1 550
1 550
1 550
1 550
Total tax
671
669
822
712
After tax
879
881
728
838
Living cost
273
273
273
273
Free-cash
606
608
455
565

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
€681
€609
€516
€472
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
-
-
-
1 550
accident
-
-
-
8
income
-
-
-
396
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
678
Employee
489
-
1 251
-
other
-
-
1
-
income
102
-
361
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
421
-
Employer
489
-
1 251
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
905
1 550
-
-
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.

136
232
-
-
total
136
232
-
-
Dividends
769
1 318
-
-
withholding
159
281
-
-
total
159
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
585
513
722
678
After tax
965
1 037
828
872
Living cost
356
356
356
356
Free-cash
609
681
472
516

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
€1151
€1090
€1049
€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
-
-
-
1 550
income
-
-
-
233
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
-
-
-
327
Employee
231
-
1 481
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
148
-
pensions

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

20
-
31
-
total
57
-
199
-
Employer
231
-
1 481
-
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
1 274
1 550
-
-
income
127
155
-
-
total
127
155
-
-
Dividends
1 146
1 395
-
-
withholding
57
70
-
-
total
57
70
-
-
Income
1 550
1 550
1 550
1 550
Total tax
286
225
268
327
After tax
1 264
1 325
1 282
1 223
Living cost
174
174
174
174
Free-cash
1 090
1 151
1 108
1 049

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
€407
€540
€457
€612
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.

-
-
-
1 550
trade
-
-
-
155
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.

-
-
-
453
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.

-
-
-
25
total
-
-
-
702
Employee

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

504
-
1 550
-
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
-
25
-
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
-
453
-
total
112
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 046
1 550
-
-
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
13
-
-
income
157
232
-
-
trade
150
222
-
-
chamber of commerce
3
4
-
-
total
319
471
-
-
Dividends
727
1 078
-
-
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
15
-
-
withholding
178
266
-
-
total
188
281
-
-
Income
1 550
1 550
1 550
1 550
Total tax
619
752
547
702
After tax
931
798
1 003
848
Living cost
391
391
391
391
Free-cash
540
407
612
457

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
€508
€529
€268
€268
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
-
-
-
1 550
income
-
-
-
452
social contributions
-
-
-
253
total
-
-
-
705
Employee
793
-
1 550
-
income
150
-
452
-
social contributions
66
-
253
-
total
216
-
705
-
Employer
793
-
1 550
-
total
-
-
-
-
Corporate
757
1 550
-
-
income
95
194
-
-
total
95
194
-
-
Dividends
663
1 356
-
-
withholding
133
271
-
-
total
133
271
-
-
Income
1 550
1 550
1 550
1 550
Total tax
444
465
705
705
After tax
1 106
1 085
845
845
Living cost
577
577
577
577
Free-cash
529
508
268
268

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
€586
€621
€826
€748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 550
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
-
1 503
-
income
50
-
340
-
social contributions
47
-
47
-
total
97
-
387
-
Employer
465
-
1 503
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 039
1 550
-
-
income
363
542
-
-
total
363
542
-
-
Dividends
675
1 008
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 550
1 550
1 550
1 550
Total tax
561
596
434
356
After tax
989
954
1 116
1 194
Living cost
368
368
368
368
Free-cash
621
586
748
826

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
€661
€721
€667
€524
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
-
-
-
1 550
income
-
-
-
416
pensions
-
-
-
87
total
-
-
-
503
Employee
521
-
1 356
-
health
7
-
21
-
income
95
-
322
-
pensions
40
-
109
-
total
142
-
452
-
Employer
521
-
1 356
-
pensions
53
-
168
-
health
10
-
26
-
total
63
-
194
-
Corporate
966
1 550
-
-
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.

184
295
-
-
total
184
295
-
-
Dividends
782
1 255
-
-
withholding
60
214
-
-
total
60
214
-
-
Income
1 550
1 550
1 550
1 550
Total tax
449
509
646
503
After tax
1 101
1 041
904
1 047
Living cost
380
380
380
380
Free-cash
721
661
524
667

Estimated living cost  is €380 per week

€261
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.
€80
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

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Warsaw , Poland
-€113
€89
€820
€595
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
-
-
-
1 550
accident
-
-
-
3
income
-
-
-
420
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
491
Employee
376
-
1 382
-
health
43
-
158
-
income
52
-
313
-
pensions
42
-
77
-
total
137
-
548
-
Employer
376
-
1 382
-
accident
6
-
23
-
unemployment
9
-
34
-
pensions
61
-
111
-
total
76
-
168
-
Corporate
1 097
1 550
-
-
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.

988
1 395
-
-
total
988
1 395
-
-
Dividends
110
155
-
-
withholding
21
29
-
-
total
21
29
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 222
1 424
716
491
After tax
328
126
834
1 059
Living cost
239
239
239
239
Free-cash
89
-113
595
820

Estimated living cost  is €239 per week

€175
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

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Skopje , Macedonia
€1167
€1120
€734
€938
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.

-
-
-
1 550
work injury
-
-
-
8
health insurance
-
-
-
115
income
-
-
-
252
pensions
-
-
-
285
unemployment
-
-
-
19
total
-
-
-
679
Employee

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

219
-
1 550
-
work injury
1
-
4
-
income
22
-
252
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
475
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 331
1 550
-
-
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
16
-
-
total
13
16
-
-
Dividends
1 318
1 534
-
-
withholding
198
230
-
-
total
198
230
-
-
Income
1 550
1 550
1 550
1 550
Total tax
293
246
475
679
After tax
1 257
1 304
1 075
871
Living cost
137
137
137
137
Free-cash
1 120
1 167
938
734

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
€412
€366
€332
€263
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
-
-
-
1 550
municipal
-
-
-
10
regional
-
-
-
35
national
-
-
-
370
social contributions
-
-
-
399
total
-
-
-
814
Employee
854
-
1 550
-
social contributions
288
-
523
-
regional
13
-
31
-
municipal
5
-
9
-
national
144
-
320
-
total
450
-
883
-
Employer
854
-
1 550
-
total
-
-
-
-
Corporate
696
1 550
-
-
nationa
167
372
-
-
municipal
34
75
-
-
total
201
447
-
-
Dividends
495
1 103
-
-
withholding
129
287
-
-
total
129
287
-
-
Income
1 550
1 550
1 550
1 550
Total tax
780
734
883
814
After tax
770
816
667
736
Living cost
404
404
404
404
Free-cash
366
412
263
332

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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