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
€ 1650
per

Your estimated
City
free-cash

Dresden , Germany
€525
€638
€566
€752
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.

-
-
-
1 650
trade
-
-
-
186
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
777
Employee

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

388
-
1 650
-
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
-
27
-
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
-
495
-
total
81
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 262
1 650
-
-
surtax

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

10
14
-
-
income
189
248
-
-
trade
199
260
-
-
chamber of commerce
3
4
-
-
total
401
526
-
-
Dividends
860
1 125
-
-
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.

12
15
-
-
withholding
211
277
-
-
total
223
292
-
-
Income
1 650
1 650
1 650
1 650
Total tax
705
818
591
777
After tax
945
832
1 059
873
Living cost
307
307
307
307
Free-cash
638
525
752
566

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
€519
€509
€464
€478
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
-
-
-
1 650
municipal
-
-
-
180
pensions
-
-
-
198
national
-
-
-
279
social contributions
-
-
-
18
total
-
-
-
675
Employee
793
-
1 426
-
municipal
98
-
186
-
pensions
32
-
57
-
national
152
-
289
-
total
282
-
532
-
Employer
793
-
1 426
-
social contributions
9
-
15
-
pensions
63
-
114
-
total
72
-
129
-
Corporate
733
1 650
-
-
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%.

147
330
-
-
total
147
330
-
-
Dividends
586
1 320
-
-
withholding
129
290
-
-
total
129
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
630
620
661
675
After tax
1 020
1 030
989
975
Living cost
511
511
511
511
Free-cash
509
519
478
464

Estimated living cost  is €511 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€1109
€1025
€347
€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

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.

-
-
-
1 650
microenterprise
-
-
-
-
income
-
-
-
283
surtax
-
-
-
421
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
-
-
-
1 092
Employee
296
-
1 224
-
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
-
133
-
surtax
-
-
178
-
income
53
-
240
-
total
86
-
551
-
Employer
296
-
1 224
-
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
-
291
-
surtax
-
-
135
-
total
71
-
426
-
Corporate
1 283
1 650
-
-
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%.

257
330
-
-
total
257
330
-
-
Dividends

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

1 026
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
414
330
977
1 092
After tax
1 236
1 320
673
558
Living cost
211
211
211
211
Free-cash
1 025
1 109
462
347

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
€389
€328
€495
€590
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
-
-
-
1 650
income
-
-
-
486
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
730
Employee
865
865
1 462
-
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
202
-
pensions
156
119
119
-
total
431
374
446
-
Employer
865
865
1 462
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
644
633
-
-
income
129
127
-
-
total
129
127
-
-
Dividends
515
506
-
-
income
109
108
-
-
withholding
77
76
-
-
total
186
184
-
-
Income
1 650
1 650
1 650
1 650
Total tax
897
836
635
730
After tax
753
814
1 015
920
Living cost
425
425
425
425
Free-cash
328
389
590
495

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
€508
€499
€459
€450
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
-
-
-
1 650
municipal
-
-
-
418
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
130
total
-
-
-
798
Employee
560
-
1 379
-
municipal
167
-
411
-
national
-
-
125
-
total
167
-
536
-
Employer
560
-
1 379
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
61
-
93
-
health
34
-
53
-
total
176
-
271
-
Corporate
914
1 650
-
-
income
201
363
-
-
total
201
363
-
-
Dividends
713
1 287
-
-
withholding
214
386
-
-
total
214
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
758
749
807
798
After tax
892
901
843
852
Living cost
393
393
393
393
Free-cash
499
508
450
459

Estimated living cost  is €393 per week

€261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€39
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.
€88
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
€425
€570
€467
€661
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.

-
-
-
1 650
trade
-
-
-
194
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
785
Employee

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

514
-
1 650
-
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
-
27
-
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
-
495
-
total
115
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 136
1 650
-
-
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
-
-
income
170
248
-
-
trade
187
271
-
-
chamber of commerce
3
4
-
-
total
369
537
-
-
Dividends
766
1 114
-
-
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
188
275
-
-
total
198
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
682
827
591
785
After tax
968
823
1 059
865
Living cost
398
398
398
398
Free-cash
570
425
661
467

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
€875
€833
€806
€792
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
-
-
-
1 650
income
-
-
-
309
health
-
-
-
42
social contributions
-
-
-
164
total
-
-
-
515
Employee
779
779
1 534
-
social contributions
38
65
87
-
health
8
13
26
-
income
82
72
301
-
total
128
150
414
-
Employer
779
779
1 534
-
social contributions
38
65
87
-
health
8
14
28
-
total
46
79
115
-
Corporate
1 148
792
-
-
income
143
99
-
-
total
143
99
-
-
Dividends
1 004
693
-
-
withholding
171
118
-
-
total
171
118
-
-
Income
1 650
1 650
1 650
1 650
Total tax
488
446
529
515
After tax
1 162
1 204
1 121
1 135
Living cost
329
329
329
329
Free-cash
833
875
792
806

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
€743
€747
€958
€772
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
-
-
-
1 650
income
-
-
-
202
pensions
-
-
-
165
unemployment
-
-
-
25
health
-
-
-
116
total
-
-
-
508
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
1 381
-
health
19
7
97
-
income
32
13
169
-
pensions
27
11
138
-
unemployment
4
2
21
-
total
82
33
425
-
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
1 381
-
pensions
52
21
269
-
total
52
21
269
-
Corporate
1 333
1 524
-
-
income
120
137
-
-
total
120
137
-
-
Dividends
1 213
1 387
-
-
social contributions
235
269
-
-
withholding
230
263
-
-
total
465
532
-
-
Income
1 650
1 650
1 650
1 650
Total tax
719
723
694
508
After tax
931
927
956
1 142
Living cost
184
184
184
184
Free-cash
747
743
772
958

Estimated living cost  is €184 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
€1075
€1012
€640
€705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
221
pensions
-
-
-
330
health
-
-
-
214
total
-
-
-
765
Employee
287
-
1 233
-
income
32
-
238
-
pensions
6
-
25
-
unemployment
5
-
20
-
total
43
-
283
-
Employer
287
-
1 233
-
unemployment
2
-
10
-
pensions
58
-
247
-
health
37
-
160
-
total
97
-
417
-
Corporate
1 265
1 650
-
-
income
253
330
-
-
total
253
330
-
-
Dividends
1 012
1 320
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
393
330
700
765
After tax
1 257
1 320
950
885
Living cost
245
245
245
245
Free-cash
1 012
1 075
705
640

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
-€88
€100
€906
€670
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
-
-
-
1 650
accident
-
-
-
3
income
-
-
-
451
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
522
Employee
350
-
1 478
-
health
40
-
169
-
income
48
-
340
-
pensions
39
-
77
-
total
127
-
586
-
Employer
350
-
1 478
-
accident
6
-
25
-
unemployment
9
-
36
-
pensions
57
-
111
-
total
72
-
172
-
Corporate
1 229
1 650
-
-
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.

1 106
1 485
-
-
total
1 106
1 485
-
-
Dividends
123
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 328
1 516
758
522
After tax
322
134
892
1 128
Living cost
222
222
222
222
Free-cash
100
-88
670
906

Estimated living cost  is €222 per week

€163
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
€1475
€1458
€1542
€1228
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%.

-
-
-
1 650
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
16
total
-
-
-
16
Employee
115
-
1 650
-
income
23
-
330
-
total
23
-
330
-
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%.

1 535
1 650
-
-
total
-
-
-
-
Dividends
1 535
1 650
-
-
withholding
77
83
-
-
total
77
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
100
83
330
16
After tax
1 550
1 567
1 320
1 634
Living cost
92
92
92
92
Free-cash
1 458
1 475
1 228
1 542

Estimated living cost  is €92 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€943
€873
€627
€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
-
-
-
1 650
income
-
-
-
242
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
-
-
-
753
Employee
368
-
1 318
-
health
5
-
18
-
income
63
-
256
-
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
-
92
-
unemployment
4
-
13
-
total
98
-
379
-
Employer
368
-
1 318
-
accident
3
-
11
-
other
18
-
66
-
unemployment
4
-
13
-
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
-
224
-
health
5
-
18
-
total
93
-
332
-
Corporate
1 189
1 650
-
-
income
250
346
-
-
total
250
346
-
-
Dividends
940
1 304
-
-
withholding
66
91
-
-
total
66
91
-
-
Income
1 650
1 650
1 650
1 650
Total tax
507
437
711
753
After tax
1 143
1 213
939
897
Living cost
270
270
270
270
Free-cash
873
943
669
627

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
€417
€420
€428
€278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
457
pensions
-
-
-
88
total
-
-
-
545
Employee
958
-
1 443
-
health
16
-
21
-
income
173
-
357
-
pensions
92
-
110
-
total
281
-
488
-
Employer
958
-
1 443
-
pensions
113
-
180
-
health
18
-
27
-
total
131
-
207
-
Corporate
561
1 650
-
-
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.

107
314
-
-
total
107
314
-
-
Dividends
454
1 336
-
-
withholding
34
242
-
-
total
34
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
553
556
695
545
After tax
1 097
1 094
955
1 105
Living cost
677
677
677
677
Free-cash
420
417
278
428

Estimated living cost  is €677 per week

€507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1278
€1231
€1175
€1239
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
-
-
-
1 650
income
-
-
-
248
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
-
-
-
342
Employee
176
-
1 581
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
158
-
pensions

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

15
-
31
-
total
43
-
209
-
Employer
176
-
1 581
-
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
1 440
1 650
-
-
income
144
165
-
-
total
144
165
-
-
Dividends
1 296
1 485
-
-
withholding
65
74
-
-
total
65
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
286
239
278
342
After tax
1 364
1 411
1 372
1 308
Living cost
133
133
133
133
Free-cash
1 231
1 278
1 239
1 175

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
€252
€278
€358
€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
-
-
-
1 650
income
-
-
-
486
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
730
Employee
940
865
1 462
-
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
202
-
pensions
119
119
119
-
total
378
374
446
-
Employer
940
865
1 462
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
546
633
-
-
income
109
127
-
-
total
109
127
-
-
Dividends
437
506
-
-
income
93
108
-
-
withholding
66
76
-
-
total
159
184
-
-
Income
1 650
1 650
1 650
1 650
Total tax
810
836
635
730
After tax
840
814
1 015
920
Living cost
562
562
562
562
Free-cash
278
252
453
358

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
€895
€808
€674
€603
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
-
-
-
1 650
income
-
-
-
162
health
-
-
-
223
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
734
Employee
356
-
1 240
-
social contributions
23
-
78
-
health
48
-
167
-
solidarity contribution
-
-
-
-
income
43
-
149
-
total
114
-
394
-
Employer
356
-
1 240
-
social contributions
89
-
299
-
health
32
-
112
-
total
121
-
411
-
Corporate
1 172
1 650
-
-
income
223
313
-
-
total
223
313
-
-
Dividends
950
1 337
-
-
withholding
142
200
-
-
total
142
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
600
513
805
734
After tax
1 050
1 137
845
916
Living cost
242
242
242
242
Free-cash
808
895
603
674

Estimated living cost  is €242 per week

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

Source of data for Brno model

Close
Milan , Italy
€453
€400
€369
€294
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
-
-
-
1 650
municipal
-
-
-
10
regional
-
-
-
19
national
-
-
-
400
social contributions
-
-
-
424
total
-
-
-
853
Employee
901
-
1 650
-
social contributions
304
-
556
-
regional
8
-
17
-
municipal
5
-
9
-
national
156
-
346
-
total
473
-
928
-
Employer
901
-
1 650
-
total
-
-
-
-
Corporate
749
1 650
-
-
nationa
180
396
-
-
municipal
29
64
-
-
total
209
460
-
-
Dividends
540
1 190
-
-
withholding
140
309
-
-
total
140
309
-
-
Income
1 650
1 650
1 650
1 650
Total tax
822
769
928
853
After tax
828
881
722
797
Living cost
428
428
428
428
Free-cash
400
453
294
369

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
€814
€782
€560
€495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
434
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
64
total
-
-
-
866
Employee
335
-
1 365
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
54
-
income
56
-
374
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
646
-
Employer
335
-
1 365
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 244
1 650
-
-
income
324
429
-
-
total
324
429
-
-
Dividends
921
1 221
-
-
withholding
138
183
-
-
total
138
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
644
612
931
866
After tax
1 006
1 038
719
784
Living cost
224
224
224
224
Free-cash
782
814
495
560

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
€632
€696
€642
€492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
457
pensions
-
-
-
88
total
-
-
-
545
Employee
642
-
1 443
-
health
9
-
21
-
income
116
-
357
-
pensions
54
-
110
-
total
179
-
488
-
Employer
642
-
1 443
-
pensions
69
-
180
-
health
12
-
27
-
total
81
-
207
-
Corporate
926
1 650
-
-
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.

176
314
-
-
total
176
314
-
-
Dividends
750
1 336
-
-
withholding
56
242
-
-
total
56
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
492
556
695
545
After tax
1 158
1 094
955
1 105
Living cost
462
462
462
462
Free-cash
696
632
492
642

Estimated living cost  is €462 per week

€346
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.
€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.

Source of data for Cambridge model

Close
Zurich , Switzerland
-€16
€312
€572
€492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
city
-
-
-
17
pensions
-
-
-
152
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.

-
-
-
33
regional
-
-
-
78
health
-
-
-
4
national
-
-
-
23
total
-
-
-
307
Employee
902
-
1 477
-
city
10
-
16
-
regional
30
-
68
-
health
2
-
3
-
pensions
76
-
124
-
unemployment
-
-
-
-
national
4
-
19
-
total
122
-
230
-
Employer
902
-
1 477
-
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
-
30
-
unemployment
-
-
-
-
pensions
76
-
124
-
health
2
-
3
-
total
96
-
157
-
Corporate
642
1 650
-
-
regional
136
349
-
-
national
55
140
-
-
total
191
489
-
-
Dividends
452
1 161
-
-
withholding
158
406
-
-
total
158
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
567
895
387
307
After tax
1 083
755
1 263
1 343
Living cost
771
771
771
771
Free-cash
312
-16
492
572

Estimated living cost  is €771 per week

€501
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
€350
€515
€393
€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

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

-
-
-
1 650
trade
-
-
-
202
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.

-
-
-
495
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.

-
-
-
27
total
-
-
-
793
Employee

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

609
-
1 650
-
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
-
27
-
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
-
495
-
total
145
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 041
1 650
-
-
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
-
-
income
156
248
-
-
trade
179
283
-
-
chamber of commerce
3
4
-
-
total
347
549
-
-
Dividends
695
1 102
-
-
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
15
-
-
withholding
170
272
-
-
total
179
287
-
-
Income
1 650
1 650
1 650
1 650
Total tax
671
836
591
793
After tax
979
814
1 059
857
Living cost
464
464
464
464
Free-cash
515
350
595
393

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
€485
€544
€585
€573
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
-
-
-
1 650
income
-
-
-
247
pensions
-
-
-
307
other
-
-
-
51
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
47
total
-
-
-
718
Employee
434
-
1 286
-
social contributions
12
-
37
-
surtax
-
-
-
-
income
26
-
242
-
pensions
49
-
86
-
total
87
-
365
-
Employer
434
-
1 286
-
other
15
-
49
-
social contributions
1
-
4
-
unemployment
18
-
52
-
pensions
71
-
145
-
health
30
-
115
-
total
135
-
365
-
Corporate
1 081
1 650
-
-
surtax
-
-
-
-
income
303
462
-
-
total
303
462
-
-
Dividends
778
1 188
-
-
surtax
-
-
-
-
social contributions
134
204
-
-
withholding
100
152
-
-
total
234
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
759
818
730
718
After tax
891
832
920
932
Living cost
347
347
347
347
Free-cash
544
485
573
585

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
€520
€576
€620
€608
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
-
-
-
1 650
income
-
-
-
247
pensions
-
-
-
307
other
-
-
-
51
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
47
total
-
-
-
718
Employee
387
-
1 286
-
social contributions
11
-
37
-
surtax
-
-
-
-
income
20
-
242
-
pensions
44
-
86
-
total
75
-
365
-
Employer
387
-
1 286
-
other
13
-
49
-
social contributions
1
-
4
-
unemployment
16
-
52
-
pensions
64
-
145
-
health
27
-
115
-
total
121
-
365
-
Corporate
1 142
1 650
-
-
surtax
-
-
-
-
income
320
462
-
-
total
320
462
-
-
Dividends
822
1 188
-
-
surtax
-
-
-
-
social contributions
141
204
-
-
withholding
105
152
-
-
total
246
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
762
818
730
718
After tax
888
832
920
932
Living cost
312
312
312
312
Free-cash
576
520
608
620

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
€793
€798
€844
€814
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
-
-
-
1 650
income
-
-
-
248
health
-
-
-
115
social contributions
-
-
-
228
total
-
-
-
591
Employee
344
-
1 650
-
social contributions
47
-
228
-
health
24
-
115
-
income
57
-
278
-
total
128
-
621
-
Employer
344
-
1 650
-
total
-
-
-
-
Corporate
1 306
1 650
-
-
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%.

65
82
-
-
total
65
82
-
-
Dividends
1 241
1 568
-
-
health
87
109
-
-
social contributions
171
216
-
-
withholding
186
235
-
-
total
444
560
-
-
Income
1 650
1 650
1 650
1 650
Total tax
637
642
621
591
After tax
1 013
1 008
1 029
1 059
Living cost
215
215
215
215
Free-cash
798
793
814
844

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
€557
€541
€489
€77
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
-
-
-
1 650
chamber of commerce
-
-
-
7
income
-
-
-
423
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
804
Employee
506
404
1 299
-
other
5
4
12
-
health
20
16
46
-
income
58
30
334
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
549
-
Employer
506
404
1 299
-
accident
7
5
15
-
other
24
19
61
-
chamber of commerce
2
2
5
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
39
-
health
19
15
45
-
total
148
118
352
-
Corporate
996
1 128
1 260
-
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.

249
282
315
-
total
249
282
315
-
Dividends
747
846
-
-
withholding
205
233
-
-
total
205
233
-
-
Income
1 650
1 650
1 650
1 650
Total tax
752
736
1 216
804
After tax
898
914
434
846
Living cost
357
357
357
357
Free-cash
541
557
77
489

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
€554
€402
€344
€218
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
-
-
-
1 650
national
-
-
-
599
communal

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

-
-
-
84
social contributions
-
-
-
253
total
-
-
-
936
Employee

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

725
-
1 278
-
communal

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

38
-
67
-
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
-
60
-
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
-
96
-
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
-
11
-
national
223
-
456
-
total
355
-
690
-
Employer

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

725
-
1 278
-
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
-
17
-
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
-
19
-
surtax
82
-
145
-
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
-
113
-
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
-
79
-
total
211
-
373
-
Corporate
714
1 650
-
-
surtax
3
7
-
-
income
143
330
-
-
total
146
337
-
-
Dividends
568
1 313
-
-
withholding

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

167
390
-
-
total
167
390
-
-
Income
1 650
1 650
1 650
1 650
Total tax
879
727
1 063
936
After tax
771
923
587
714
Living cost
370
370
370
370
Free-cash
402
554
218
344

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
€735
€664
€561
€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
-
-
-
1 650
accident
-
-
-
8
income
-
-
-
441
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
723
Employee
504
-
1 351
-
other
-
-
1
-
income
106
-
406
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
466
-
Employer
504
-
1 351
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
985
1 650
-
-
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.

148
248
-
-
total
148
248
-
-
Dividends
837
1 402
-
-
withholding
173
301
-
-
total
173
301
-
-
Income
1 650
1 650
1 650
1 650
Total tax
620
549
767
723
After tax
1 030
1 101
883
927
Living cost
366
366
366
366
Free-cash
664
735
517
561

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
€423
€301
€280
€346
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
-
-
-
1 650
accident
-
-
-
14
income
-
-
-
256
pensions
-
-
-
247
health
-
-
-
116
surtax
-
-
-
82
communal
-
-
-
104
total
-
-
-
819
Employee
767
-
1 474
-
health
34
-
66
-
surtax
47
-
90
-
income
74
-
303
-
pensions
61
-
118
-
total
216
-
577
-
Employer
767
-
1 474
-
accident
7
-
13
-
pensions
61
-
118
-
health
23
-
45
-
total
91
-
176
-
Corporate
791
1 650
-
-
surtax
8
17
-
-
communal
53
111
-
-
income
119
248
-
-
total
180
376
-
-
Dividends
611
1 274
-
-
income
219
109
-
-
withholding
92
191
-
-
total
311
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
798
676
753
819
After tax
852
974
897
831
Living cost
551
551
551
551
Free-cash
301
423
346
280

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
€810
€776
€556
€491
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
-
-
-
1 650
income
-
-
-
434
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
64
total
-
-
-
866
Employee
341
-
1 365
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
54
-
income
57
-
374
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
646
-
Employer
341
-
1 365
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 237
1 650
-
-
income
322
429
-
-
total
322
429
-
-
Dividends
915
1 221
-
-
withholding
137
183
-
-
total
137
183
-
-
Income
1 650
1 650
1 650
1 650
Total tax
646
612
931
866
After tax
1 004
1 038
719
784
Living cost
228
228
228
228
Free-cash
776
810
491
556

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
€594
€571
€518
€444
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
municipal
-
-
-
10
regional
-
-
-
25
national
-
-
-
400
social contributions
-
-
-
424
total
-
-
-
859
Employee
562
-
1 650
-
social contributions
190
-
556
-
regional
8
-
22
-
municipal
3
-
9
-
national
89
-
346
-
total
290
-
933
-
Employer
562
-
1 650
-
total
-
-
-
-
Corporate
1 088
1 650
-
-
nationa
261
396
-
-
municipal
54
82
-
-
total
315
478
-
-
Dividends
773
1 172
-
-
withholding
201
305
-
-
total
201
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
806
783
933
859
After tax
844
867
717
791
Living cost
273
273
273
273
Free-cash
571
594
444
518

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
€838
€729
€617
€546
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
-
-
-
1 650
income
-
-
-
162
health
-
-
-
223
solidarity contribution
-
-
-
-
social contributions
-
-
-
349
total
-
-
-
734
Employee
439
-
1 240
-
social contributions
29
-
78
-
health
59
-
167
-
solidarity contribution
-
-
-
-
income
53
-
149
-
total
141
-
394
-
Employer
439
-
1 240
-
social contributions
110
-
299
-
health
40
-
112
-
total
150
-
411
-
Corporate
1 062
1 650
-
-
income
202
313
-
-
total
202
313
-
-
Dividends
860
1 337
-
-
withholding
129
200
-
-
total
129
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
622
513
805
734
After tax
1 028
1 137
845
916
Living cost
299
299
299
299
Free-cash
729
838
546
617

Estimated living cost  is €299 per week

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

Source of data for Prague model

Close
Graz , Austria
€593
€588
€525
€111
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
-
-
-
1 650
chamber of commerce
-
-
-
7
income
-
-
-
423
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
802
Employee
443
404
1 301
-
other
4
4
12
-
health
17
16
46
-
income
39
30
335
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
550
-
Employer
443
404
1 301
-
accident
6
5
15
-
other
21
19
61
-
chamber of commerce
2
2
5
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
39
-
health
17
15
45
-
total
128
116
350
-
Corporate
1 080
1 130
1 262
-
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.

270
282
316
-
total
270
282
316
-
Dividends
810
847
-
-
withholding
223
233
-
-
total
223
233
-
-
Income
1 650
1 650
1 650
1 650
Total tax
739
734
1 216
802
After tax
911
916
434
848
Living cost
323
323
323
323
Free-cash
588
593
111
525

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
€1424
€1397
€1491
€1177
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%.

-
-
-
1 650
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
16
total
-
-
-
16
Employee
179
-
1 650
-
income
36
-
330
-
total
36
-
330
-
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%.

1 471
1 650
-
-
total
-
-
-
-
Dividends
1 471
1 650
-
-
withholding
74
83
-
-
total
74
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
110
83
330
16
After tax
1 540
1 567
1 320
1 634
Living cost
143
143
143
143
Free-cash
1 397
1 424
1 177
1 491

Estimated living cost  is €143 per week

€97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€35
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
€864
€779
€542
€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

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.

-
-
-
1 650
income
-
-
-
371
pensions
-
-
-
301
unemployment
-
-
-
2
health
-
-
-
162
total
-
-
-
836
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
-
1 428
-
health
29
-
92
-
income
77
-
343
-
pensions
69
-
221
-
unemployment
1
-
2
-
total
176
-
658
-
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
-
1 428
-
unemployment
-
-
1
-
pensions
40
-
126
-
health
30
-
95
-
total
70
-
222
-
Corporate
1 132
1 650
-
-
income
215
314
-
-
total
215
314
-
-
Dividends
917
1 336
-
-
withholding
138
200
-
-
total
138
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
599
514
880
836
After tax
1 051
1 136
770
814
Living cost
272
272
272
272
Free-cash
779
864
498
542

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
€564
€78
€700
€1076
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
-
-
-
1 650
income
-
-
-
322
social contributions
-
-
-
188
total
-
-
-
510
Employee
630
-
-
-
social contributions
52
-
7
-
income
139
-
-
-
total
191
-
7
-
Employer
630
-
-
-
social contributions
889
-
127
-
total
889
-
127
-
Corporate
131
1 650
-
-
income
29
363
-
-
total
29
363
-
-
Dividends
102
1 287
-
-
income
23
283
-
-
total
23
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 132
646
134
510
After tax
518
1 004
1 516
1 140
Living cost
440
440
440
440
Free-cash
78
564
1 076
700

Estimated living cost  is €440 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
€621
€611
€571
€449
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.

-
-
-
1 650
income
-
-
-
188
surtax
-
-
-
-
social contributions

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

-
-
-
573
total
-
-
-
761
Employee
466
-
1 333
-
social contributions
51
-
147
-
surtax
-
-
-
-
income
97
-
419
-
total
148
-
566
-
Employer
466
-
1 333
-
social contributions
111
-
317
-
total
111
-
317
-
Corporate
1 073
1 650
-
-
surtax
-
-
-
-
income
225
346
-
-
total
225
346
-
-
Dividends
848
1 304
-
-
withholding
237
365
-
-
total
237
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
721
711
883
761
After tax
929
939
767
889
Living cost
318
318
318
318
Free-cash
611
621
449
571

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
€343
€413
€443
€431
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
-
-
-
1 650
income
-
-
-
247
pensions
-
-
-
307
other
-
-
-
51
health
-
-
-
66
surtax
-
-
-
-
social contributions
-
-
-
47
total
-
-
-
718
Employee
635
-
1 286
-
social contributions
18
-
37
-
surtax
-
-
-
-
income
55
-
242
-
pensions
72
-
86
-
total
145
-
365
-
Employer
635
-
1 286
-
other
22
-
49
-
social contributions
2
-
4
-
unemployment
26
-
52
-
pensions
104
-
145
-
health
44
-
115
-
total
198
-
365
-
Corporate
817
1 650
-
-
surtax
-
-
-
-
income
229
462
-
-
total
229
462
-
-
Dividends
588
1 188
-
-
surtax
-
-
-
-
social contributions
101
204
-
-
withholding
75
152
-
-
total
176
356
-
-
Income
1 650
1 650
1 650
1 650
Total tax
748
818
730
718
After tax
902
832
920
932
Living cost
489
489
489
489
Free-cash
413
343
431
443

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
€1180
€1147
€915
€959
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
-
-
-
1 650
income
-
-
-
67
social contributions
-
-
-
363
total
-
-
-
430
Employee
326
-
1 429
-
income
-
-
72
-
social contributions
21
-
93
-
total
21
-
165
-
Employer
326
-
1 429
-
social contributions
50
-
221
-
total
50
-
221
-
Corporate
1 274
1 650
-
-
income
127
165
-
-
total
127
165
-
-
Dividends
1 146
1 485
-
-
total
-
-
-
-
Income
1 650
1 650
1 650
1 650
Total tax
198
165
386
430
After tax
1 452
1 485
1 264
1 220
Living cost
305
305
305
305
Free-cash
1 147
1 180
959
915

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
-€559
-€559
€493
-€559
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
-
-
-
1 650
municipal
-
-
-
340
pensions
-
-
-
9
national
-
-
-
189
labour market
-
-
-
131
total
-
-
-
669
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
1 650
1 650
1 650
1 650
Total tax
1 721
1 721
1 721
669
After tax
-71
-71
-71
981
Living cost
488
488
488
488
Free-cash
-559
-559
-559
493

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
-€85
€101
€909
€673
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
-
-
-
1 650
accident
-
-
-
3
income
-
-
-
451
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
522
Employee
345
-
1 478
-
health
39
-
169
-
income
47
-
340
-
pensions
39
-
77
-
total
125
-
586
-
Employer
345
-
1 478
-
accident
6
-
25
-
unemployment
8
-
36
-
pensions
56
-
111
-
total
70
-
172
-
Corporate
1 235
1 650
-
-
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.

1 112
1 485
-
-
total
1 112
1 485
-
-
Dividends
124
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 330
1 516
758
522
After tax
320
134
892
1 128
Living cost
219
219
219
219
Free-cash
101
-85
673
909

Estimated living cost  is €219 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€654
€676
€695
€485
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

-
-
-
1 650
municipal
-
-
-
293
health
-
-
-
21
national
-
-
-
252
total
-
-
-
566
Employee
533
-
1 388
-
health
4
-
17
-
municipal
87
-
226
-
pensions
36
-
94
-
unemployment
8
-
21
-
national
9
-
156
-
total
144
-
514
-
Employer
533
-
1 388
-
accident
1
-
1
-
unemployment
3
-
9
-
pensions
92
-
241
-
health
4
-
11
-
total
100
-
262
-
Corporate
1 016
1 650
-
-
income
203
330
-
-
total
203
330
-
-
Dividends

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

610
990
-
-
national
28
99
-
-
municipal
110
178
-
-
total
138
277
-
-
Income
1 650
1 650
1 650
1 650
Total tax
585
607
776
566
After tax
1 065
1 043
874
1 084
Living cost
389
389
389
389
Free-cash
676
654
485
695

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
€969
€915
€900
€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
-
-
-
1 650
income
-
-
-
309
health
-
-
-
42
social contributions
-
-
-
164
total
-
-
-
515
Employee
779
779
1 534
-
social contributions
29
65
87
-
health
6
13
26
-
income
85
72
301
-
total
120
150
414
-
Employer
779
779
1 534
-
social contributions
29
65
87
-
health
7
14
28
-
total
36
79
115
-
Corporate
1 259
792
-
-
income
157
99
-
-
total
157
99
-
-
Dividends
1 102
693
-
-
withholding
187
118
-
-
total
187
118
-
-
Income
1 650
1 650
1 650
1 650
Total tax
500
446
529
515
After tax
1 150
1 204
1 121
1 135
Living cost
235
235
235
235
Free-cash
915
969
886
900

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
€1206
€1154
€1221
€1017
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
-
-
-
1 650
income
-
-
-
167
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
268
Employee

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

233
-
1 551
-
health
20
-
82
-
income
16
-
142
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
373
-
Employer

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

233
-
1 551
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 393
1 650
-
-
income
125
148
-
-
total
125
148
-
-
Dividends
1 268
1 502
-
-
withholding
114
135
-
-
total
114
135
-
-
Income
1 650
1 650
1 650
1 650
Total tax
335
283
472
268
After tax
1 315
1 367
1 178
1 382
Living cost
161
161
161
161
Free-cash
1 154
1 206
1 017
1 221

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
€822
€779
€648
€604
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
-
-
-
1 650
accident
-
-
-
8
income
-
-
-
441
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
723
Employee
375
-
1 351
-
other
-
-
1
-
income
72
-
406
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
466
-
Employer
375
-
1 351
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 156
1 650
-
-
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.

173
248
-
-
total
173
248
-
-
Dividends
982
1 402
-
-
withholding
204
301
-
-
total
204
301
-
-
Income
1 650
1 650
1 650
1 650
Total tax
592
549
767
723
After tax
1 058
1 101
883
927
Living cost
279
279
279
279
Free-cash
779
822
604
648

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
€1002
€997
€1028
€1026
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
-
-
-
1 650
income
-
-
-
559
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
594
Employee
42
-
1 627
-
health
2
-
5
-
income
8
-
558
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
573
-
Employer
42
-
1 627
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 598
1 650
-
-
income
352
363
-
-
total
352
363
-
-
Dividends
1 247
1 287
-
-
withholding
249
257
-
-
total
249
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
625
620
596
594
After tax
1 025
1 030
1 054
1 056
Living cost
28
28
28
28
Free-cash
997
1 002
1 026
1 028

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1018
€966
€822
€820
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.

-
-
-
1 650
income
-
-
-
370
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
653
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
-
1 516
-
health
14
-
39
-
income
36
-
370
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
520
-
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
-
1 516
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 338
1 650
-
-
income
201
247
-
-
total
201
247
-
-
Dividends
1 138
1 403
-
-
withholding
171
210
-
-
total
171
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
509
457
655
653
After tax
1 141
1 193
995
997
Living cost
175
175
175
175
Free-cash
966
1 018
820
822

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
€666
€663
€616
€494
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.

-
-
-
1 650
income
-
-
-
188
surtax
-
-
-
-
social contributions

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

-
-
-
573
total
-
-
-
761
Employee
393
-
1 333
-
social contributions
43
-
147
-
surtax
-
-
-
-
income
77
-
419
-
total
120
-
566
-
Employer
393
-
1 333
-
social contributions
93
-
317
-
total
93
-
317
-
Corporate
1 163
1 650
-
-
surtax
-
-
-
-
income
244
346
-
-
total
244
346
-
-
Dividends
919
1 304
-
-
withholding
257
365
-
-
total
257
365
-
-
Income
1 650
1 650
1 650
1 650
Total tax
714
711
883
761
After tax
936
939
767
889
Living cost
273
273
273
273
Free-cash
663
666
494
616

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
€745
€676
€571
€527
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
-
-
-
1 650
accident
-
-
-
8
income
-
-
-
441
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
723
Employee
489
-
1 351
-
other
-
-
1
-
income
102
-
406
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
466
-
Employer
489
-
1 351
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 005
1 650
-
-
income

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

151
248
-
-
total
151
248
-
-
Dividends
854
1 402
-
-
withholding
177
301
-
-
total
177
301
-
-
Income
1 650
1 650
1 650
1 650
Total tax
618
549
767
723
After tax
1 032
1 101
883
927
Living cost
356
356
356
356
Free-cash
676
745
527
571

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
€1237
€1175
€1134
€1198
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
-
-
-
1 650
income
-
-
-
248
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
-
-
-
342
Employee
231
-
1 581
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
158
-
pensions

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

20
-
31
-
total
57
-
209
-
Employer
231
-
1 581
-
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
1 374
1 650
-
-
income
137
165
-
-
total
137
165
-
-
Dividends
1 237
1 485
-
-
withholding
62
74
-
-
total
62
74
-
-
Income
1 650
1 650
1 650
1 650
Total tax
301
239
278
342
After tax
1 349
1 411
1 372
1 308
Living cost
174
174
174
174
Free-cash
1 175
1 237
1 198
1 134

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
€457
€593
€499
€668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 650
trade
-
-
-
169
income

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

-
-
-
495
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.

-
-
-
27
total
-
-
-
760
Employee

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

504
-
1 650
-
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
-
27
-
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
-
495
-
total
112
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 146
1 650
-
-
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
-
-
income
172
248
-
-
trade
164
237
-
-
chamber of commerce
3
4
-
-
total
348
503
-
-
Dividends
797
1 148
-
-
surtax

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

11
16
-
-
withholding
195
283
-
-
total
206
299
-
-
Income
1 650
1 650
1 650
1 650
Total tax
666
802
591
760
After tax
984
848
1 059
890
Living cost
391
391
391
391
Free-cash
593
457
668
499

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
€578
€600
€309
€309
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
-
-
-
1 650
income
-
-
-
492
social contributions
-
-
-
272
total
-
-
-
764
Employee
793
-
1 650
-
income
150
-
492
-
social contributions
66
-
272
-
total
216
-
764
-
Employer
793
-
1 650
-
total
-
-
-
-
Corporate
857
1 650
-
-
income
107
206
-
-
total
107
206
-
-
Dividends
750
1 444
-
-
withholding
150
289
-
-
total
150
289
-
-
Income
1 650
1 650
1 650
1 650
Total tax
473
495
764
764
After tax
1 177
1 155
886
886
Living cost
577
577
577
577
Free-cash
600
578
309
309

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
€650
€686
€926
€813
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.

-
-
-
1 650
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
-
1 603
-
income
50
-
375
-
social contributions
47
-
47
-
total
97
-
422
-
Employer
465
-
1 603
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 139
1 650
-
-
income
398
578
-
-
total
398
578
-
-
Dividends
740
1 072
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 650
1 650
1 650
1 650
Total tax
596
632
469
356
After tax
1 054
1 018
1 181
1 294
Living cost
368
368
368
368
Free-cash
686
650
813
926

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
€718
€778
€729
€579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
457
pensions
-
-
-
88
total
-
-
-
545
Employee
516
-
1 443
-
health
7
-
21
-
income
94
-
357
-
pensions
39
-
110
-
total
140
-
488
-
Employer
516
-
1 443
-
pensions
52
-
180
-
health
10
-
27
-
total
62
-
207
-
Corporate
1 072
1 650
-
-
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.

204
314
-
-
total
204
314
-
-
Dividends
868
1 336
-
-
withholding
90
242
-
-
total
90
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
556
695
545
After tax
1 154
1 094
955
1 105
Living cost
376
376
376
376
Free-cash
778
718
579
729

Estimated living cost  is €376 per week

€258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€107
€96
€887
€651
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
-
-
-
1 650
accident
-
-
-
3
income
-
-
-
451
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
522
Employee
379
-
1 478
-
health
43
-
169
-
income
52
-
340
-
pensions
43
-
77
-
total
138
-
586
-
Employer
379
-
1 478
-
accident
6
-
25
-
unemployment
9
-
36
-
pensions
62
-
111
-
total
77
-
172
-
Corporate
1 194
1 650
-
-
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.

1 075
1 485
-
-
total
1 075
1 485
-
-
Dividends
119
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 313
1 516
758
522
After tax
337
134
892
1 128
Living cost
241
241
241
241
Free-cash
96
-107
651
887

Estimated living cost  is €241 per week

€177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1251
€1204
€798
€1020
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.

-
-
-
1 650
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
270
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
715
Employee

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

219
-
1 650
-
work injury
1
-
4
-
income
22
-
270
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
493
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 431
1 650
-
-
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%.

14
17
-
-
total
14
17
-
-
Dividends
1 417
1 633
-
-
withholding
213
245
-
-
total
213
245
-
-
Income
1 650
1 650
1 650
1 650
Total tax
309
262
493
715
After tax
1 341
1 388
1 157
935
Living cost
137
137
137
137
Free-cash
1 204
1 251
1 020
798

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
€465
€420
€373
€301
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
-
-
-
1 650
municipal
-
-
-
11
regional
-
-
-
38
national
-
-
-
400
social contributions
-
-
-
424
total
-
-
-
873
Employee
854
-
1 650
-
social contributions
288
-
556
-
regional
13
-
33
-
municipal
5
-
10
-
national
144
-
346
-
total
450
-
945
-
Employer
854
-
1 650
-
total
-
-
-
-
Corporate
796
1 650
-
-
nationa
191
396
-
-
municipal
38
80
-
-
total
229
476
-
-
Dividends
567
1 174
-
-
withholding
147
305
-
-
total
147
305
-
-
Income
1 650
1 650
1 650
1 650
Total tax
826
781
945
873
After tax
824
869
705
777
Living cost
404
404
404
404
Free-cash
420
465
301
373

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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Estimated living cost

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