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
€752
€566
€638
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
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
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
health

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

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

-
-
-
69
trade
-
-
-
186
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
-
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
-
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
-
total
81
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 262
1 650
-
-
income
189
248
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
199
260
-
-
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.

Reykjavik , Iceland
€490
€450
€437
€481
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
social contributions
-
-
-
18
municipal
-
-
-
179
national
-
-
-
278
pensions
-
-
-
198
total
-
-
-
673
Employee
836
-
1 426
-
municipal
103
-
186
-
pensions
33
-
57
-
national
160
-
288
-
total
296
-
531
-
Employer
836
-
1 426
-
pensions
67
-
114
-
social contributions
9
-
15
-
total
76
-
129
-
Corporate
683
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%.

137
330
-
-
total
137
330
-
-
Dividends
546
1 320
-
-
withholding
120
290
-
-
total
120
290
-
-
Income
1 650
1 650
1 650
1 650
Total tax
629
620
660
673
After tax
1 021
1 030
990
977
Living cost
540
540
540
540
Free-cash
481
490
450
437

Estimated living cost  is €540 per week

€367
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.
€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.
€115
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.

Riga , Latvia
€1109
€462
€347
€1025
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
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
microenterprise
-
-
-
-
total
-
-
-
1 092
Employee
296
-
1 224
-
surtax
-
-
178
-
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
-
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
Rotterdam , Netherlands
€389
€590
€495
€328
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
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
730
Employee
865
865
1 462
-
pensions
156
119
119
-
income

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

142
142
202
-
health
133
113
125
-
total
431
374
446
-
Employer
865
865
1 462
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
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
Stockholm , Sweden
€496
€441
€451
€488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
2
other
-
-
-
103
unemployment
-
-
-
1
health
-
-
-
55
municipal
-
-
-
415
national
-
-
-
122
pensions
-
-
-
96
total
-
-
-
794
Employee
577
-
1 371
-
municipal
172
-
409
-
national
-
-
116
-
total
172
-
525
-
Employer
577
-
1 371
-
health
35
-
55
-
pensions
62
-
96
-
accident
1
-
2
-
unemployment
15
-
23
-
other
67
-
103
-
total
180
-
279
-
Corporate
892
1 650
-
-
income
196
363
-
-
total
196
363
-
-
Dividends
696
1 287
-
-
withholding
209
386
-
-
total
209
386
-
-
Income
1 650
1 650
1 650
1 650
Total tax
757
749
804
794
After tax
893
901
846
856
Living cost
405
405
405
405
Free-cash
488
496
441
451

Estimated living cost  is €405 per week

€268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Hamburg , Germany
€425
€661
€467
€570
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
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
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
health

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

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

-
-
-
69
trade
-
-
-
194
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
-
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
-
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
-
total
115
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 136
1 650
-
-
income
170
248
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
187
271
-
-
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.

Limassol , Cyprus
€875
€792
€806
€833
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
social contributions
-
-
-
164
health
-
-
-
42
total
-
-
-
515
Employee
779
779
1 534
-
social contributions
38
65
87
-
income
82
72
301
-
health
8
13
26
-
total
128
150
414
-
Employer
779
779
1 534
-
health
8
14
28
-
social contributions
38
65
87
-
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
Budapest , Hungary
€746
€774
€961
€750
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
unemployment
-
-
-
25
health
-
-
-
115
pensions
-
-
-
165
total
-
-
-
507
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.

262
104
1 381
-
unemployment
4
2
21
-
pensions
26
10
138
-
income
32
13
169
-
health
18
7
97
-
total
80
32
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.

262
104
1 381
-
pensions
51
20
269
-
total
51
20
269
-
Corporate
1 337
1 525
-
-
income
120
137
-
-
total
120
137
-
-
Dividends
1 216
1 388
-
-
social contributions
236
269
-
-
withholding
231
264
-
-
total
467
533
-
-
Income
1 650
1 650
1 650
1 650
Total tax
718
722
694
507
After tax
932
928
956
1 143
Living cost
182
182
182
182
Free-cash
750
746
774
961

Estimated living cost  is €182 per week

€124
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.
€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
Tallinn , Estonia
€1075
€705
€640
€1012
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
health
-
-
-
214
pensions
-
-
-
330
total
-
-
-
765
Employee
287
-
1 233
-
unemployment
5
-
20
-
pensions
6
-
25
-
income
32
-
238
-
total
43
-
283
-
Employer
287
-
1 233
-
health
37
-
160
-
pensions
58
-
247
-
unemployment
2
-
10
-
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
Gdansk , Poland
-€92
€665
€902
€99
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
-
-
-
450
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
522
Employee
356
-
1 476
-
pensions
40
-
78
-
income
49
-
338
-
health
41
-
169
-
total
130
-
585
-
Employer
356
-
1 476
-
pensions
58
-
113
-
accident
6
-
25
-
unemployment
9
-
36
-
total
73
-
174
-
Corporate
1 222
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.

1 099
1 485
-
-
total
1 099
1 485
-
-
Dividends
122
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 325
1 516
759
522
After tax
325
134
891
1 128
Living cost
226
226
226
226
Free-cash
99
-92
665
902

Estimated living cost  is €226 per week

€166
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.
€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.

Batumi , Georgia
€1485
€1238
€1552
€1471
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
102
-
1 650
-
income
20
-
330
-
total
20
-
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%.

1 548
1 650
-
-
total
-
-
-
-
Dividends
1 548
1 650
-
-
withholding
77
83
-
-
total
77
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
97
83
330
16
After tax
1 553
1 567
1 320
1 634
Living cost
82
82
82
82
Free-cash
1 471
1 485
1 238
1 552

Estimated living cost  is €82 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
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.

Bratislava , Slovakia
€943
€669
€627
€873
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
other
-
-
-
73
health
-
-
-
68
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
total
-
-
-
753
Employee
368
-
1 318
-
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.

26
-
92
-
income
63
-
256
-
health
5
-
18
-
total
98
-
379
-
Employer
368
-
1 318
-
health
5
-
18
-
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
-
accident
3
-
11
-
unemployment
4
-
13
-
other
18
-
66
-
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
London , United Kingdom
€418
€278
€428
€420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
457
pensions
-
-
-
88
total
-
-
-
545
Employee
958
-
1 443
-
pensions
92
-
110
-
income
173
-
357
-
health
16
-
21
-
total
281
-
488
-
Employer
958
-
1 443
-
health
18
-
27
-
pensions
113
-
180
-
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
313
-
-
total
107
313
-
-
Dividends
454
1 337
-
-
withholding
34
242
-
-
total
34
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
553
555
695
545
After tax
1 097
1 095
955
1 105
Living cost
677
677
677
677
Free-cash
420
418
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.

Varna , Bulgaria
€1278
€1239
€1176
€1231
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
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
341
Employee
176
-
1 581
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
158
-
health
8
-
16
-
total
43
-
209
-
Employer
176
-
1 581
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 440
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
341
After tax
1 364
1 411
1 372
1 309
Living cost
133
133
133
133
Free-cash
1 231
1 278
1 239
1 176

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
Amsterdam , Netherlands
€252
€453
€358
€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
-
-
-
486
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
730
Employee
940
865
1 462
-
pensions
119
119
119
-
income

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

142
142
202
-
health
117
113
125
-
total
378
374
446
-
Employer
940
865
1 462
-
health
65
60
75
-
pensions
65
60
75
-
unemployment
34
31
39
-
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
Brno , Czech Republic
€888
€590
€660
€799
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
-
-
-
160
social contributions
-
-
-
358
solidarity contribution
-
-
-
-
health
-
-
-
223
total
-
-
-
741
Employee
365
-
1 233
-
solidarity contribution
-
-
-
-
social contributions
24
-
80
-
income
44
-
148
-
health
49
-
166
-
total
117
-
394
-
Employer
365
-
1 233
-
health
33
-
111
-
social contributions
91
-
306
-
total
124
-
417
-
Corporate
1 160
1 650
-
-
income
220
313
-
-
total
220
313
-
-
Dividends
940
1 337
-
-
withholding
141
200
-
-
total
141
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
602
513
811
741
After tax
1 048
1 137
839
909
Living cost
249
249
249
249
Free-cash
799
888
590
660

Estimated living cost  is €249 per week

€173
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.
€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
Milan , Italy
€453
€294
€369
€400
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
social contributions
-
-
-
424
regional
-
-
-
19
municipal
-
-
-
10
national
-
-
-
400
total
-
-
-
853
Employee
901
-
1 650
-
municipal
5
-
9
-
national
156
-
346
-
regional
8
-
17
-
social contributions
304
-
556
-
total
473
-
928
-
Employer
901
-
1 650
-
total
-
-
-
-
Corporate
749
1 650
-
-
municipal
29
64
-
-
nationa
180
396
-
-
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
Thessaloniki , Greece
€814
€495
€560
€782
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
other
-
-
-
-
surtax
-
-
-
64
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
866
Employee
335
-
1 365
-
other
-
-
-
-
unemployment
23
-
94
-
pensions
22
-
90
-
surtax
1
-
54
-
income
56
-
374
-
health
9
-
34
-
total
111
-
646
-
Employer
335
-
1 365
-
health
15
-
62
-
pensions
45
-
180
-
unemployment
11
-
43
-
other
-
-
-
-
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
Cambridge , United Kingdom
€632
€492
€642
€695
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
-
pensions
54
-
110
-
income
116
-
357
-
health
9
-
21
-
total
179
-
488
-
Employer
642
-
1 443
-
health
12
-
27
-
pensions
69
-
180
-
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
313
-
-
total
176
313
-
-
Dividends
750
1 337
-
-
withholding
56
242
-
-
total
56
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
492
555
695
545
After tax
1 158
1 095
955
1 105
Living cost
463
463
463
463
Free-cash
695
632
492
642

Estimated living cost  is €463 per week

€347
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.

Zurich , Switzerland
-€45
€466
€546
€296
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
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
-
-
-
76
health
-
-
-
4
city
-
-
-
17
national
-
-
-
22
pensions
-
-
-
152
total
-
-
-
304
Employee
936
-
1 477
-
unemployment
-
-
-
-
pensions
79
-
124
-
national
4
-
18
-
regional
31
-
66
-
city
10
-
16
-
health
2
-
3
-
total
126
-
227
-
Employer
936
-
1 477
-
health
2
-
3
-
pensions
79
-
124
-
unemployment
-
-
-
-
other

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

19
-
30
-
total
100
-
157
-
Corporate
604
1 650
-
-
regional
128
349
-
-
national
51
140
-
-
total
179
489
-
-
Dividends
425
1 161
-
-
withholding
149
406
-
-
total
149
406
-
-
Income
1 650
1 650
1 650
1 650
Total tax
554
895
384
304
After tax
1 096
755
1 266
1 346
Living cost
800
800
800
800
Free-cash
296
-45
466
546

Estimated living cost  is €800 per week

€520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€198
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.

Munich , Germany
€350
€595
€393
€515
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
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
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
health

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

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

-
-
-
69
trade
-
-
-
202
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
-
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
-
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
-
total
145
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 041
1 650
-
-
income
156
248
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
179
283
-
-
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.

Nice , France
€485
€573
€585
€544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
247
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
total
-
-
-
718
Employee
434
-
1 286
-
pensions
49
-
86
-
surtax
-
-
-
-
social contributions
12
-
37
-
income
26
-
242
-
total
87
-
365
-
Employer
434
-
1 286
-
health
30
-
115
-
pensions
71
-
145
-
unemployment
18
-
52
-
social contributions
1
-
4
-
other
15
-
49
-
total
135
-
365
-
Corporate
1 081
1 650
-
-
income
303
462
-
-
surtax
-
-
-
-
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
Marseille , France
€520
€608
€620
€576
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
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
total
-
-
-
718
Employee
387
-
1 286
-
pensions
44
-
86
-
surtax
-
-
-
-
social contributions
11
-
37
-
income
20
-
242
-
total
75
-
365
-
Employer
387
-
1 286
-
health
27
-
115
-
pensions
64
-
145
-
unemployment
16
-
52
-
social contributions
1
-
4
-
other
13
-
49
-
total
121
-
365
-
Corporate
1 142
1 650
-
-
income
320
462
-
-
surtax
-
-
-
-
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
Vilnius , Lithuania
€793
€814
€844
€798
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
social contributions
-
-
-
228
health
-
-
-
115
total
-
-
-
591
Employee
344
-
1 650
-
social contributions
47
-
228
-
income
57
-
278
-
health
24
-
115
-
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
-
-
social contributions
171
216
-
-
withholding
186
235
-
-
health
87
109
-
-
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
Vienna , Austria
€557
€77
€489
€541
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
-
-
-
423
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
7
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
804
Employee
506
404
1 299
-
other
5
4
12
-
unemployment
15
12
36
-
pensions
52
41
121
-
income
58
30
334
-
health
20
16
46
-
total
150
103
549
-
Employer
506
404
1 299
-
chamber of commerce
2
2
5
-
health
19
15
45
-
pensions
64
51
149
-
accident
7
5
15
-
unemployment
15
12
36
-
surtax
2
2
2
-
payroll
15
12
39
-
other
24
19
61
-
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.

Brussels , Belgium
€554
€218
€344
€402
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
communal

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

-
-
-
84
social contributions
-
-
-
253
national
-
-
-
599
total
-
-
-
936
Employee

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

725
-
1 278
-
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
-
communal

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

38
-
67
-
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
-
national
223
-
456
-
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
-
total
355
-
690
-
Employer

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

725
-
1 278
-
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
-
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
-
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
-
total
211
-
373
-
Corporate
714
1 650
-
-
income
143
330
-
-
surtax
3
7
-
-
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
Barcelona , Spain
€735
€517
€561
€664
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
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
723
Employee
504
-
1 351
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
24
-
44
-
income
106
-
406
-
total
138
-
466
-
Employer
504
-
1 351
-
pensions
119
-
222
-
accident
10
-
19
-
unemployment
28
-
52
-
other
4
-
8
-
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
Luxembourg , Luxembourg
€423
€346
€280
€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
communal
-
-
-
104
accident
-
-
-
14
income
-
-
-
256
surtax
-
-
-
82
health
-
-
-
116
pensions
-
-
-
247
total
-
-
-
819
Employee
767
-
1 474
-
pensions
61
-
118
-
surtax
47
-
90
-
income
74
-
303
-
health
34
-
66
-
total
216
-
577
-
Employer
767
-
1 474
-
health
23
-
45
-
pensions
61
-
118
-
accident
7
-
13
-
total
91
-
176
-
Corporate
791
1 650
-
-
communal
53
111
-
-
income
119
248
-
-
surtax
8
17
-
-
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
Athens , Greece
€810
€491
€556
€776
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
other
-
-
-
-
surtax
-
-
-
64
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
866
Employee
341
-
1 365
-
other
-
-
-
-
unemployment
24
-
94
-
pensions
23
-
90
-
surtax
1
-
54
-
income
57
-
374
-
health
9
-
34
-
total
114
-
646
-
Employer
341
-
1 365
-
health
16
-
62
-
pensions
46
-
180
-
unemployment
11
-
43
-
other
-
-
-
-
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
Naples , Italy
€594
€444
€518
€571
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
social contributions
-
-
-
424
regional
-
-
-
25
municipal
-
-
-
10
national
-
-
-
400
total
-
-
-
859
Employee
562
-
1 650
-
municipal
3
-
9
-
national
89
-
346
-
regional
8
-
22
-
social contributions
190
-
556
-
total
290
-
933
-
Employer
562
-
1 650
-
total
-
-
-
-
Corporate
1 088
1 650
-
-
municipal
54
82
-
-
nationa
261
396
-
-
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
Prague , Czech Republic
€831
€533
€603
€720
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
-
-
-
160
social contributions
-
-
-
358
solidarity contribution
-
-
-
-
health
-
-
-
223
total
-
-
-
741
Employee
450
-
1 233
-
solidarity contribution
-
-
-
-
social contributions
29
-
80
-
income
54
-
148
-
health
61
-
166
-
total
144
-
394
-
Employer
450
-
1 233
-
health
41
-
111
-
social contributions
113
-
306
-
total
154
-
417
-
Corporate
1 047
1 650
-
-
income
199
313
-
-
total
199
313
-
-
Dividends
848
1 337
-
-
withholding
127
200
-
-
total
127
200
-
-
Income
1 650
1 650
1 650
1 650
Total tax
624
513
811
741
After tax
1 026
1 137
839
909
Living cost
306
306
306
306
Free-cash
720
831
533
603

Estimated living cost  is €306 per week

€228
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.
€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
Graz , Austria
€593
€111
€525
€588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
423
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
7
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
802
Employee
443
404
1 301
-
other
4
4
12
-
unemployment
13
12
36
-
pensions
45
41
121
-
income
39
30
335
-
health
17
16
46
-
total
118
103
550
-
Employer
443
404
1 301
-
chamber of commerce
2
2
5
-
health
17
15
45
-
pensions
56
51
149
-
accident
6
5
15
-
unemployment
13
12
36
-
surtax
-
-
-
-
payroll
13
12
39
-
other
21
19
61
-
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.

Tbilisi , Georgia
€1440
€1193
€1507
€1416
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
159
-
1 650
-
income
32
-
330
-
total
32
-
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%.

1 491
1 650
-
-
total
-
-
-
-
Dividends
1 491
1 650
-
-
withholding
75
83
-
-
total
75
83
-
-
Income
1 650
1 650
1 650
1 650
Total tax
107
83
330
16
After tax
1 543
1 567
1 320
1 634
Living cost
127
127
127
127
Free-cash
1 416
1 440
1 193
1 507

Estimated living cost  is €127 per week

€86
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€864
€498
€542
€779
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
unemployment
-
-
-
2
health
-
-
-
162
pensions
-
-
-
301
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
-
unemployment
1
-
2
-
pensions
69
-
221
-
income
77
-
343
-
health
29
-
92
-
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
-
health
30
-
95
-
pensions
40
-
126
-
unemployment
-
-
1
-
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
Oslo , Norway
€571
€1085
€707
€94
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
621
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
621
-
-
-
social contributions
875
-
125
-
total
875
-
125
-
Corporate
154
1 650
-
-
income
34
363
-
-
total
34
363
-
-
Dividends
120
1 287
-
-
income
26
283
-
-
total
26
283
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 123
646
132
510
After tax
527
1 004
1 518
1 140
Living cost
433
433
433
433
Free-cash
94
571
1 085
707

Estimated living cost  is €433 per week

€281
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.
€106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
€621
€449
€571
€611
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
-
surtax
-
-
-
-
social contributions
51
-
147
-
income
97
-
419
-
total
148
-
566
-
Employer
466
-
1 333
-
social contributions
111
-
317
-
total
111
-
317
-
Corporate
1 073
1 650
-
-
income
225
346
-
-
surtax
-
-
-
-
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
Paris , France
€343
€431
€443
€413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
income
-
-
-
247
other
-
-
-
51
surtax
-
-
-
-
social contributions
-
-
-
47
health
-
-
-
66
pensions
-
-
-
307
total
-
-
-
718
Employee
635
-
1 286
-
pensions
72
-
86
-
surtax
-
-
-
-
social contributions
18
-
37
-
income
55
-
242
-
total
145
-
365
-
Employer
635
-
1 286
-
health
44
-
115
-
pensions
104
-
145
-
unemployment
26
-
52
-
social contributions
2
-
4
-
other
22
-
49
-
total
198
-
365
-
Corporate
817
1 650
-
-
income
229
462
-
-
surtax
-
-
-
-
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
Andorra , Andorra
€1180
€959
€915
€1147
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.

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
labour market
-
-
-
131
municipal
-
-
-
340
national
-
-
-
189
pensions
-
-
-
9
total
-
-
-
669
Employee
2 060
2 060
2 060
-
municipal
439
439
439
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
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
Krakow , Poland
-€89
€668
€905
€100
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
-
-
-
450
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
522
Employee
351
-
1 476
-
pensions
39
-
78
-
income
48
-
338
-
health
40
-
169
-
total
127
-
585
-
Employer
351
-
1 476
-
pensions
57
-
113
-
accident
6
-
25
-
unemployment
9
-
36
-
total
72
-
174
-
Corporate
1 228
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.

1 105
1 485
-
-
total
1 105
1 485
-
-
Dividends
123
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 327
1 516
759
522
After tax
323
134
891
1 128
Living cost
223
223
223
223
Free-cash
100
-89
668
905

Estimated living cost  is €223 per week

€162
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.
€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.
€44
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.

Helsinki , Finland
€654
€485
€695
€676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
21
municipal
-
-
-
293
national
-
-
-
252
total
-
-
-
566
Employee
533
-
1 388
-
municipal
87
-
226
-
unemployment
8
-
21
-
pensions
36
-
94
-
national
9
-
156
-
health
4
-
17
-
total
144
-
514
-
Employer
533
-
1 388
-
health
4
-
11
-
pensions
92
-
241
-
accident
1
-
1
-
unemployment
3
-
9
-
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
-
-
municipal
110
178
-
-
national
28
99
-
-
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.

Larnaca , Cyprus
€969
€886
€900
€915
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
social contributions
-
-
-
164
health
-
-
-
42
total
-
-
-
515
Employee
779
779
1 534
-
social contributions
29
65
87
-
income
85
72
301
-
health
6
13
26
-
total
120
150
414
-
Employer
779
779
1 534
-
health
7
14
28
-
social contributions
29
65
87
-
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
Podgorica , Montenegro
€1206
€1017
€1221
€1154
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
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
268
Employee

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
35
-
144
-
income
16
-
142
-
health
20
-
82
-
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
-
health
10
-
41
-
pensions
13
-
53
-
unemployment
1
-
5
-
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
Valencia , Spain
€822
€604
€648
€779
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
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
723
Employee
375
-
1 351
-
other
-
-
1
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
406
-
total
96
-
466
-
Employer
375
-
1 351
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
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
Istanbul , Turkey
€1009
€1038
€1039
€1005
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
-
-
-
564
health
-
-
-
11
pensions
-
-
-
15
total
-
-
-
590
Employee
31
-
1 633
-
unemployment
-
-
1
-
pensions
3
-
7
-
income
6
-
563
-
health
2
-
4
-
total
11
-
575
-
Employer
31
-
1 633
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 612
1 650
-
-
income
355
363
-
-
total
355
363
-
-
Dividends
1 257
1 287
-
-
withholding
251
257
-
-
total
251
257
-
-
Income
1 650
1 650
1 650
1 650
Total tax
624
620
591
590
After tax
1 026
1 030
1 059
1 060
Living cost
21
21
21
21
Free-cash
1 005
1 009
1 038
1 039

Estimated living cost  is €21 per week

€12
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.
€0
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.
€6
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
Belgrade , Serbia
€1017
€822
€823
€966
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
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
194
total
-
-
-
652
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
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
370
-
health
14
-
38
-
total
89
-
519
-
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
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
1 339
1 650
-
-
income
201
248
-
-
total
201
248
-
-
Dividends
1 138
1 402
-
-
withholding
171
210
-
-
total
171
210
-
-
Income
1 650
1 650
1 650
1 650
Total tax
509
458
653
652
After tax
1 141
1 192
997
998
Living cost
175
175
175
175
Free-cash
966
1 017
822
823

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
Porto , Portugal
€666
€494
€616
€663
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
-
surtax
-
-
-
-
social contributions
43
-
147
-
income
77
-
419
-
total
120
-
566
-
Employer
393
-
1 333
-
social contributions
93
-
317
-
total
93
-
317
-
Corporate
1 163
1 650
-
-
income
244
346
-
-
surtax
-
-
-
-
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
Madrid , Spain
€745
€527
€571
€676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
accident
-
-
-
8
income
-
-
-
441
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
723
Employee
489
-
1 351
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
23
-
44
-
income
102
-
406
-
total
133
-
466
-
Employer
489
-
1 351
-
pensions
116
-
222
-
accident
10
-
19
-
unemployment
27
-
52
-
other
4
-
8
-
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
Sofia , Bulgaria
€1237
€1198
€1135
€1175
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
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
341
Employee
231
-
1 581
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

20
-
31
-
income
23
-
158
-
health
11
-
16
-
total
57
-
209
-
Employer
231
-
1 581
-
health
16
-
24
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
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
341
After tax
1 349
1 411
1 372
1 309
Living cost
174
174
174
174
Free-cash
1 175
1 237
1 198
1 135

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
Berlin , Germany
€457
€668
€499
€593
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
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
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
health

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

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

-
-
-
69
trade
-
-
-
169
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
-
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
-
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
-
total
112
-
591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 146
1 650
-
-
income
172
248
-
-
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
-
-
chamber of commerce
3
4
-
-
trade
164
237
-
-
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.

Dublin , Ireland
€578
€309
€309
€600
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.

Sliema , Malta
€650
€813
€933
€686
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.

-
-
-
61
total
-
-
-
349
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
349
After tax
1 054
1 018
1 181
1 301
Living cost
368
368
368
368
Free-cash
686
650
813
933

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
Edinburgh , United Kingdom
€719
€579
€729
€778
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
-
pensions
39
-
110
-
income
94
-
357
-
health
7
-
21
-
total
140
-
488
-
Employer
516
-
1 443
-
health
10
-
27
-
pensions
52
-
180
-
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
313
-
-
total
204
313
-
-
Dividends
868
1 337
-
-
withholding
90
242
-
-
total
90
242
-
-
Income
1 650
1 650
1 650
1 650
Total tax
496
555
695
545
After tax
1 154
1 095
955
1 105
Living cost
376
376
376
376
Free-cash
778
719
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.

Warsaw , Poland
-€111
€646
€883
€96
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
-
-
-
450
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
522
Employee
385
-
1 476
-
pensions
43
-
78
-
income
53
-
338
-
health
44
-
169
-
total
140
-
585
-
Employer
385
-
1 476
-
pensions
63
-
113
-
accident
6
-
25
-
unemployment
9
-
36
-
total
78
-
174
-
Corporate
1 186
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.

1 068
1 485
-
-
total
1 068
1 485
-
-
Dividends
119
165
-
-
withholding
23
31
-
-
total
23
31
-
-
Income
1 650
1 650
1 650
1 650
Total tax
1 309
1 516
759
522
After tax
341
134
891
1 128
Living cost
245
245
245
245
Free-cash
96
-111
646
883

Estimated living cost  is €245 per week

€180
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.
€46
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.

Skopje , Macedonia
€1251
€1020
€798
€1205
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
income
-
-
-
270
unemployment
-
-
-
19
work injury
-
-
-
8
health insurance
-
-
-
120
pensions
-
-
-
298
total
-
-
-
715
Employee

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

219
-
1 650
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
270
-
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
212
245
-
-
total
212
245
-
-
Income
1 650
1 650
1 650
1 650
Total tax
308
262
493
715
After tax
1 342
1 388
1 157
935
Living cost
137
137
137
137
Free-cash
1 205
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
Rome , Italy
€465
€301
€373
€420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 650
social contributions
-
-
-
424
regional
-
-
-
38
municipal
-
-
-
11
national
-
-
-
400
total
-
-
-
873
Employee
854
-
1 650
-
municipal
5
-
10
-
national
144
-
346
-
regional
13
-
33
-
social contributions
288
-
556
-
total
450
-
945
-
Employer
854
-
1 650
-
total
-
-
-
-
Corporate
796
1 650
-
-
municipal
38
80
-
-
nationa
191
396
-
-
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
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Additional information

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