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

Valencia , Spain
€712
€549
€593
€758
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
unemployment
-
-
-
7
income
-
-
-
396
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
678
Employee
375
-
1 251
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
361
-
other
-
-
1
-
total
96
-
421
-
Employer
375
-
1 251
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
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
Bratislava , Slovakia
€800
€615
€552
€868
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
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
income
-
-
-
217
other
-
-
-
73
health
-
-
-
68
total
-
-
-
728
Employee
368
-
1 238
-
health
5
-
17
-
unemployment
4
-
12
-
pensions

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

26
-
87
-
income
63
-
238
-
total
98
-
354
-
Employer
368
-
1 238
-
health
5
-
17
-
pensions

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

63
-
210
-
accident
3
-
10
-
unemployment
4
-
12
-
other
18
-
62
-
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
Varna , Bulgaria
€1146
€1149
€1090
€1192
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
233
health
-
-
-
41
total
-
-
-
327
Employee
176
-
1 481
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
148
-
total
43
-
199
-
Employer
176
-
1 481
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 340
1 550
-
-
income
134
155
-
-
total
134
155
-
-
Dividends
1 206
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
Nice , France
€495
€531
€530
€434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
224
other
-
-
-
48
health
-
-
-
58
social contributions
-
-
-
44
pensions
-
-
-
299
surtax
-
-
-
-
total
-
-
-
673
Employee
434
-
1 214
-
pensions
49
-
78
-
income
26
-
223
-
social contributions
12
-
35
-
surtax
-
-
-
-
total
87
-
336
-
Employer
434
-
1 214
-
health
30
-
105
-
social contributions
1
-
4
-
pensions
71
-
133
-
unemployment
18
-
49
-
other
15
-
45
-
total
135
-
336
-
Corporate
981
1 550
-
-
income
275
434
-
-
surtax
-
-
-
-
total
275
434
-
-
Dividends
706
1 116
-
-
social contributions
121
192
-
-
surtax
-
-
-
-
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
Rotterdam , Netherlands
€277
€517
€447
€338
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
pensions
-
-
-
119
income
-
-
-
434
health
-
-
-
125
total
-
-
-
678
Employee
865
865
1 362
-
health
133
113
125
-
pensions
156
119
119
-
income

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

142
142
175
-
total
431
374
419
-
Employer
865
865
1 362
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
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
Dresden , Germany
€587
€696
€526
€476
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
-
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
-
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
-
total
81
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 162
1 550
-
-
income
174
232
-
-
trade
183
244
-
-
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
-
-
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.

Larnaca , Cyprus
€842
€822
€836
€897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
275
health
-
-
-
40
social contributions
-
-
-
164
total
-
-
-
479
Employee
779
779
1 436
-
health
6
13
24
-
income
85
72
268
-
social contributions
29
65
87
-
total
120
150
379
-
Employer
779
779
1 436
-
health
7
14
27
-
social contributions
29
65
87
-
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
Lisbon , Portugal
€554
€410
€520
€563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
social contributions

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

-
-
-
539
surtax
-
-
-
-
total
-
-
-
712
Employee
466
-
1 253
-
income
97
-
387
-
social contributions
51
-
138
-
surtax
-
-
-
-
total
148
-
525
-
Employer
466
-
1 253
-
social contributions
111
-
297
-
total
111
-
297
-
Corporate
973
1 550
-
-
income
204
326
-
-
surtax
-
-
-
-
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
Batumi , Georgia
€1378
€1161
€1456
€1393
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
98
-
1 550
-
income
20
-
310
-
total
20
-
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%.

1 452
1 550
-
-
total
-
-
-
-
Dividends
1 452
1 550
-
-
withholding
73
78
-
-
total
73
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
93
78
310
15
After tax
1 457
1 472
1 240
1 535
Living cost
79
79
79
79
Free-cash
1 378
1 393
1 161
1 456

Estimated living cost  is €79 per week

€49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€711
€455
€497
€796
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
pensions
-
-
-
283
unemployment
-
-
-
2
income
-
-
-
343
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
-
unemployment
1
-
2
-
pensions
69
-
208
-
income
77
-
317
-
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
-
health
30
-
89
-
pensions
40
-
119
-
unemployment
-
-
1
-
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
Sliema , Malta
€621
€748
€830
€586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
64
total
-
-
-
352
Employee
465
-
1 503
-
social contributions
47
-
47
-
income
50
-
340
-
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
352
After tax
989
954
1 116
1 198
Living cost
368
368
368
368
Free-cash
621
586
748
830

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€737
€755
€781
€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
-
-
-
1 550
income
-
-
-
232
health
-
-
-
108
social contributions
-
-
-
214
total
-
-
-
554
Employee
344
-
1 550
-
health
24
-
108
-
income
57
-
258
-
social contributions
47
-
214
-
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
-
-
social contributions
158
203
-
-
withholding
172
221
-
-
health
80
103
-
-
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
Prague , Czech Republic
€683
€506
€575
€783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
income
-
-
-
151
health
-
-
-
209
social contributions
-
-
-
331
solidarity contribution
-
-
-
-
total
-
-
-
691
Employee
417
-
1 162
-
health
56
-
157
-
solidarity contribution
-
-
-
-
income
50
-
140
-
social contributions
27
-
74
-
total
133
-
371
-
Employer
417
-
1 162
-
health
38
-
105
-
social contributions
104
-
284
-
total
142
-
389
-
Corporate
991
1 550
-
-
income
188
295
-
-
total
188
295
-
-
Dividends
803
1 255
-
-
withholding
120
188
-
-
total
120
188
-
-
Income
1 550
1 550
1 550
1 550
Total tax
583
483
760
691
After tax
967
1 067
790
859
Living cost
284
284
284
284
Free-cash
683
783
506
575

Estimated living cost  is €284 per week

€211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
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
Tbilisi , Georgia
€1327
€1118
€1413
€1350
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
153
-
1 550
-
income
31
-
310
-
total
31
-
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%.

1 397
1 550
-
-
total
-
-
-
-
Dividends
1 397
1 550
-
-
withholding
70
78
-
-
total
70
78
-
-
Income
1 550
1 550
1 550
1 550
Total tax
101
78
310
15
After tax
1 449
1 472
1 240
1 535
Living cost
122
122
122
122
Free-cash
1 327
1 350
1 118
1 413

Estimated living cost  is €122 per week

€83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€30
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
€362
€389
€388
€292
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
other
-
-
-
48
health
-
-
-
58
social contributions
-
-
-
44
pensions
-
-
-
299
surtax
-
-
-
-
total
-
-
-
673
Employee
635
-
1 214
-
pensions
72
-
78
-
income
55
-
223
-
social contributions
18
-
35
-
surtax
-
-
-
-
total
145
-
336
-
Employer
635
-
1 214
-
health
44
-
105
-
social contributions
2
-
4
-
pensions
104
-
133
-
unemployment
26
-
49
-
other
22
-
45
-
total
198
-
336
-
Corporate
717
1 550
-
-
income
201
434
-
-
surtax
-
-
-
-
total
201
434
-
-
Dividends
516
1 116
-
-
social contributions
89
192
-
-
surtax
-
-
-
-
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
Belgrade , Serbia
€894
€747
€748
€944
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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
345
health
-
-
-
77
total
-
-
-
627
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.

263
-
1 416
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
345
-
total
89
-
494
-
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.

263
-
1 416
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
1 239
1 550
-
-
income
186
233
-
-
total
186
233
-
-
Dividends
1 053
1 317
-
-
withholding
158
198
-
-
total
158
198
-
-
Income
1 550
1 550
1 550
1 550
Total tax
481
431
628
627
After tax
1 069
1 119
922
923
Living cost
175
175
175
175
Free-cash
894
944
747
748

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
€314
€495
€567
€19
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
pensions
-
-
-
143
city
-
-
-
16
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
31
health
-
-
-
3
regional
-
-
-
76
national
-
-
-
25
total
-
-
-
294
Employee
806
-
1 387
-
health
2
-
3
-
unemployment
-
-
-
-
city
9
-
15
-
pensions
68
-
117
-
regional
26
-
65
-
national
4
-
18
-
total
109
-
218
-
Employer
806
-
1 387
-
health
2
-
3
-
pensions
68
-
117
-
unemployment
-
-
-
-
other

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

16
-
28
-
total
86
-
148
-
Corporate
649
1 550
-
-
regional
137
328
-
-
national
55
132
-
-
total
192
460
-
-
Dividends
457
1 090
-
-
withholding
160
382
-
-
total
160
382
-
-
Income
1 550
1 550
1 550
1 550
Total tax
547
842
366
294
After tax
1 003
708
1 184
1 256
Living cost
689
689
689
689
Free-cash
314
19
495
567

Estimated living cost  is €689 per week

€448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
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.
€171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
€618
€440
€645
€597
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
-
unemployment
8
-
20
-
pensions
36
-
88
-
national
9
-
140
-
municipal
87
-
212
-
total
144
-
476
-
Employer
533
-
1 304
-
health
4
-
10
-
pensions
92
-
226
-
accident
1
-
1
-
unemployment
3
-
8
-
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
-
-
municipal
99
167
-
-
national
17
87
-
-
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.

Brussels , Belgium
€346
€190
€306
€498
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
communal

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

-
-
-
78
social contributions
-
-
-
242
national
-
-
-
554
total
-
-
-
874
Employee

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

725
-
1 201
-
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
-
communal

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

38
-
63
-
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
-
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
-
national
223
-
422
-
total
355
-
641
-
Employer

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

725
-
1 201
-
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
-
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
-
surtax
82
-
136
-
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
-
total
211
-
350
-
Corporate
614
1 550
-
-
income
123
310
-
-
surtax
2
6
-
-
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
Stockholm , Sweden
€395
€369
€380
€406
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
unemployment
-
-
-
1
municipal
-
-
-
379
other
-
-
-
112
health
-
-
-
60
national
-
-
-
72
accident
-
-
-
2
pensions
-
-
-
104
total
-
-
-
730
Employee
627
-
1 247
-
national
-
-
67
-
municipal
187
-
372
-
total
187
-
439
-
Employer
627
-
1 247
-
health
39
-
59
-
pensions
68
-
104
-
accident
1
-
2
-
unemployment
17
-
25
-
other
73
-
112
-
total
198
-
302
-
Corporate
726
1 550
-
-
income
160
341
-
-
total
160
341
-
-
Dividends
567
1 209
-
-
withholding
170
363
-
-
total
170
363
-
-
Income
1 550
1 550
1 550
1 550
Total tax
715
704
741
730
After tax
835
846
809
820
Living cost
440
440
440
440
Free-cash
395
406
369
380

Estimated living cost  is €440 per week

€291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Oslo , Norway
-€143
€911
€581
€453
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
702
-
-
-
income
155
-
-
-
social contributions
58
-
8
-
total
213
-
8
-
Employer
702
-
-
-
social contributions
990
-
141
-
total
990
-
141
-
Corporate
-
1 550
-
-
income
-
341
-
-
total
-
341
-
-
Dividends
-
1 209
-
-
income
-
266
-
-
total
-
266
-
-
Income
1 550
1 550
1 550
1 550
Total tax
1 203
607
149
479
After tax
347
943
1 401
1 071
Living cost
490
490
490
490
Free-cash
-143
453
911
581

Estimated living cost  is €490 per week

€318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€46
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.
€120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€760
€728
€742
€803
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
-
health
8
13
24
-
income
82
72
268
-
social contributions
38
65
87
-
total
128
150
379
-
Employer
779
779
1 436
-
health
8
14
27
-
social contributions
38
65
87
-
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
Edinburgh , United Kingdom
€728
€536
€677
€669
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
-
-
-
424
pensions
-
-
-
85
total
-
-
-
509
Employee
499
-
1 356
-
health
7
-
20
-
pensions
38
-
105
-
income
91
-
330
-
total
136
-
455
-
Employer
499
-
1 356
-
health
9
-
26
-
pensions
50
-
169
-
total
59
-
195
-
Corporate
991
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.

188
295
-
-
total
188
295
-
-
Dividends
802
1 255
-
-
withholding
75
222
-
-
total
75
222
-
-
Income
1 550
1 550
1 550
1 550
Total tax
458
517
650
509
After tax
1 092
1 033
900
1 041
Living cost
364
364
364
364
Free-cash
728
669
536
677

Estimated living cost  is €364 per week

€250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
€366
€263
€332
€412
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
social contributions
-
-
-
399
national
-
-
-
370
total
-
-
-
814
Employee
854
-
1 550
-
social contributions
288
-
523
-
regional
13
-
31
-
national
144
-
320
-
municipal
5
-
9
-
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
Gdansk , Poland
€93
€620
€845
-€90
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
pensions
-
-
-
41
income
-
-
-
421
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
489
Employee
340
-
1 385
-
health
39
-
159
-
pensions
38
-
75
-
income
47
-
315
-
total
124
-
549
-
Employer
340
-
1 385
-
pensions
55
-
108
-
accident
6
-
23
-
unemployment
8
-
34
-
total
69
-
165
-
Corporate
1 140
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.

1 026
1 395
-
-
total
1 026
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
714
489
After tax
309
126
836
1 061
Living cost
216
216
216
216
Free-cash
93
-90
620
845

Estimated living cost  is €216 per week

€159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€540
€612
€457
€407
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
-
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
-
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
-
total
112
-
547
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 046
1 550
-
-
income
157
232
-
-
trade
150
222
-
-
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
-
-
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.

Riga , Latvia
€945
€730
€300
€1029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
256
microenterprise
-
-
-
-
social contributions

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

-
-
-
388
surtax
-
-
-
395
total
-
-
-
1 039
Employee
296
-
1 118
-
income
53
-
217
-
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
-
-
-
-
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
Istanbul , Turkey
€821
€798
€807
€841
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
-
-
-
458
health
-
-
-
67
pensions
-
-
-
92
total
-
-
-
617
Employee
192
-
1 447
-
health
10
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
453
-
total
66
-
522
-
Employer
192
-
1 447
-
health
18
-
44
-
pensions
21
-
51
-
unemployment
4
-
9
-
total
43
-
104
-
Corporate
1 315
1 550
-
-
income
289
341
-
-
total
289
341
-
-
Dividends
1 026
1 209
-
-
withholding
205
242
-
-
total
205
242
-
-
Income
1 550
1 550
1 550
1 550
Total tax
603
583
626
617
After tax
947
967
924
933
Living cost
126
126
126
126
Free-cash
821
841
798
807

Estimated living cost  is €126 per week

€75
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.
€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.
€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
Athens , Greece
€713
€456
€509
€747
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
pensions
-
-
-
270
unemployment
-
-
-
2
income
-
-
-
389
other
-
-
-
-
health
-
-
-
96
surtax
-
-
-
56
total
-
-
-
813
Employee
341
-
1 280
-
health
9
-
33
-
unemployment
24
-
89
-
pensions
23
-
85
-
income
57
-
341
-
other
-
-
-
-
surtax
1
-
48
-
total
114
-
596
-
Employer
341
-
1 280
-
health
16
-
58
-
pensions
46
-
171
-
unemployment
11
-
41
-
other
-
-
-
-
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
Graz , Austria
€534
€81
€474
€539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 550
pensions
-
-
-
219
chamber of commerce
-
-
-
6
unemployment
-
-
-
62
income
-
-
-
375
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
753
Employee
443
404
1 208
-
health
17
16
46
-
unemployment
13
12
36
-
pensions
45
41
121
-
income
39
30
296
-
other
4
4
12
-
total
118
103
511
-
Employer
443
404
1 208
-
health
17
15
45
-
pensions
56
51
149
-
surtax
-
-
-