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
€ 1700
per

Your estimated
City
free-cash

Dresden , Germany
€586
€780
€662
€550
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.

-
-
-
1 700
trade
-
-
-
194
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
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.

-
-
-
516
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.

-
-
-
28
total
-
-
-
807
Employee

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

388
-
1 700
-
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
-
28
-
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
-
516
-
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
-
613
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 312
1 700
-
-
trade
207
268
-
-
surtax

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

11
14
-
-
income
197
255
-
-
chamber of commerce
3
4
-
-
total
418
541
-
-
Dividends
895
1 159
-
-
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
16
-
-
withholding
220
286
-
-
total
232
302
-
-
Income
1 700
1 700
1 700
1 700
Total tax
731
843
613
807
After tax
969
857
1 087
893
Living cost
307
307
307
307
Free-cash
662
550
780
586

Estimated living cost  is €307 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
€493
€506
€540
€550
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
-
-
-
1 700
social contributions
-
-
-
18
municipal
-
-
-
186
national
-
-
-
288
pensions
-
-
-
204
total
-
-
-
696
Employee
793
-
1 470
-
pensions
32
-
59
-
national
152
-
298
-
municipal
98
-
192
-
total
282
-
549
-
Employer
793
-
1 470
-
pensions
63
-
118
-
social contributions
9
-
16
-
total
72
-
134
-
Corporate
783
1 700
-
-
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%.

157
340
-
-
total
157
340
-
-
Dividends
627
1 360
-
-
withholding
138
299
-
-
total
138
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
649
639
683
696
After tax
1 051
1 061
1 017
1 004
Living cost
511
511
511
511
Free-cash
540
550
506
493

Estimated living cost  is €511 per week

€347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€368
€491
€1065
€1149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 700
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
income
-
-
-
299
microenterprise
-
-
-
-
surtax
-
-
-
434
total
-
-
-
1 121
Employee
296
-
1 269
-
income
53
-
250
-
social contributions

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

33
-
133
-
surtax
-
-
184
-
total
86
-
567
-
Employer
296
-
1 269
-
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
-
-
140
-
total
71
-
431
-
Corporate
1 333
1 700
-
-
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%.

267
340
-
-
total
267
340
-
-
Dividends

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

1 066
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
424
340
998
1 121
After tax
1 276
1 360
702
579
Living cost
211
211
211
211
Free-cash
1 065
1 149
491
368

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
€519
€627
€353
€415
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
-
-
-
1 700
health
-
-
-
125
income
-
-
-
512
pensions
-
-
-
119
total
-
-
-
756
Employee
865
865
1 512
-
income

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

142
142
215
-
pensions
156
119
119
-
health
133
113
125
-
total
431
374
459
-
Employer
865
865
1 512
-
pensions
60
60
75
-
health
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
694
683
-
-
income
139
137
-
-
total
139
137
-
-
Dividends
555
546
-
-
withholding
83
82
-
-
income
118
116
-
-
total
201
198
-
-
Income
1 700
1 700
1 700
1 700
Total tax
922
860
648
756
After tax
778
840
1 052
944
Living cost
425
425
425
425
Free-cash
353
415
627
519

Estimated living cost  is €425 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
€485
€474
€529
€538
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
-
-
-
1 700
other
-
-
-
99
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
433
health
-
-
-
53
national
-
-
-
145
pensions
-
-
-
92
total
-
-
-
825
Employee
555
-
1 432
-
national
-
-
140
-
municipal
166
-
427
-
total
166
-
567
-
Employer
555
-
1 432
-
pensions
60
-
92
-
other
65
-
99
-
accident
1
-
2
-
health
34
-
53
-
unemployment
15
-
23
-
total
175
-
269
-
Corporate
970
1 700
-
-
income
213
374
-
-
total
213
374
-
-
Dividends
757
1 326
-
-
withholding
227
398
-
-
total
227
398
-
-
Income
1 700
1 700
1 700
1 700
Total tax
781
772
836
825
After tax
919
928
864
875
Living cost
390
390
390
390
Free-cash
529
538
474
485

Estimated living cost  is €390 per week

€258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€487
€689
€594
€450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
trade
-
-
-
202
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
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.

-
-
-
516
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.

-
-
-
28
total
-
-
-
815
Employee

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

514
-
1 700
-
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
-
28
-
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
-
516
-
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
-
613
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 186
1 700
-
-
trade
195
280
-
-
surtax

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

10
14
-
-
income
178
255
-
-
chamber of commerce
3
4
-
-
total
386
553
-
-
Dividends
800
1 147
-
-
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
196
283
-
-
total
207
299
-
-
Income
1 700
1 700
1 700
1 700
Total tax
708
852
613
815
After tax
992
848
1 087
885
Living cost
398
398
398
398
Free-cash
594
450
689
487

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
€838
€823
€869
€912
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
-
-
-
1 700
social contributions
-
-
-
164
health
-
-
-
43
income
-
-
-
326
total
-
-
-
533
Employee
779
779
1 583
-
income
82
72
318
-
social contributions
38
65
87
-
health
8
13
27
-
total
128
150
432
-
Employer
779
779
1 583
-
health
8
14
29
-
social contributions
38
65
87
-
total
46
79
116
-
Corporate
1 198
842
-
-
income
150
105
-
-
total
150
105
-
-
Dividends
1 048
736
-
-
withholding
178
125
-
-
total
178
125
-
-
Income
1 700
1 700
1 700
1 700
Total tax
502
459
548
533
After tax
1 198
1 241
1 152
1 167
Living cost
329
329
329
329
Free-cash
869
912
823
838

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€993
€801
€773
€769
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
-
-
-
1 700
unemployment
-
-
-
25
health
-
-
-
119
income
-
-
-
208
pensions
-
-
-
170
total
-
-
-
522
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.

267
106
1 423
-
income
33
13
174
-
pensions
27
11
142
-
unemployment
4
2
21
-
health
19
7
100
-
total
83
33
437
-
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.

267
106
1 423
-
pensions
52
21
277
-
total
52
21
277
-
Corporate
1 381
1 573
-
-
income
124
142
-
-
total
124
142
-
-
Dividends
1 257
1 432
-
-
social contributions
244
278
-
-
withholding
239
272
-
-
total
483
550
-
-
Income
1 700
1 700
1 700
1 700
Total tax
742
746
714
522
After tax
958
954
986
1 178
Living cost
185
185
185
185
Free-cash
773
769
801
993

Estimated living cost  is €185 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€666
€736
€1052
€1115
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
-
-
-
1 700
health
-
-
-
221
income
-
-
-
228
pensions
-
-
-
340
total
-
-
-
789
Employee
287
-
1 271
-
income
32
-
245
-
pensions
6
-
25
-
unemployment
5
-
20
-
total
43
-
290
-
Employer
287
-
1 271
-
pensions
58
-
254
-
health
37
-
165
-
unemployment
2
-
10
-
total
97
-
429
-
Corporate
1 315
1 700
-
-
income
263
340
-
-
total
263
340
-
-
Dividends
1 052
1 360
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
403
340
719
789
After tax
1 297
1 360
981
911
Living cost
245
245
245
245
Free-cash
1 052
1 115
736
666

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
€940
€699
€104
-€84
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
-
-
-
1 700
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
467
pensions
-
-
-
42
total
-
-
-
538
Employee
349
-
1 526
-
income
48
-
354
-
pensions
39
-
77
-
health
40
-
175
-
total
127
-
606
-
Employer
349
-
1 526
-
pensions
57
-
111
-
accident
6
-
25
-
unemployment
9
-
37
-
total
72
-
173
-
Corporate
1 279
1 700
-
-
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.

1 151
1 530
-
-
total
1 151
1 530
-
-
Dividends
128
170
-
-
withholding
24
32
-
-
total
24
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 374
1 562
779
538
After tax
326
138
921
1 162
Living cost
222
222
222
222
Free-cash
104
-84
699
940

Estimated living cost  is €222 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1592
€1269
€1507
€1524
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
114
-
1 700
-
income
23
-
340
-
total
23
-
340
-
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%.

1 586
1 700
-
-
total
-
-
-
-
Dividends
1 586
1 700
-
-
withholding
79
85
-
-
total
79
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
102
85
340
17
After tax
1 598
1 615
1 360
1 683
Living cost
91
91
91
91
Free-cash
1 507
1 524
1 269
1 592

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€665
€694
€910
€979
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
-
-
-
1 700
other
-
-
-
73
health
-
-
-
68
income
-
-
-
254
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
-
-
-
765
Employee
368
-
1 358
-
income
63
-
265
-
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
-
95
-
unemployment
4
-
14
-
health
5
-
19
-
total
98
-
393
-
Employer
368
-
1 358
-
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
-
231
-
other
18
-
68
-
accident
3
-
11
-
health
5
-
19
-
unemployment
4
-
14
-
total
93
-
343
-
Corporate
1 239
1 700
-
-
income
260
357
-
-
total
260
357
-
-
Dividends
979
1 343
-
-
withholding
69
94
-
-
total
69
94
-
-
Income
1 700
1 700
1 700
1 700
Total tax
520
451
736
765
After tax
1 180
1 249
964
935
Living cost
270
270
270
270
Free-cash
910
979
694
665

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
€452
€298
€451
€441
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
-
-
-
1 700
income
-
-
-
476
pensions
-
-
-
90
total
-
-
-
566
Employee
964
-
1 486
-
income
174
-
373
-
pensions
93
-
111
-
health
16
-
22
-
total
283
-
506
-
Employer
964
-
1 486
-
pensions
114
-
186
-
health
18
-
28
-
total
132
-
214
-
Corporate
603
1 700
-
-
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.

115
323
-
-
total
115
323
-
-
Dividends
489
1 377
-
-
withholding
37
254
-
-
total
37
254
-
-
Income
1 700
1 700
1 700
1 700
Total tax
567
577
720
566
After tax
1 133
1 123
980
1 134
Living cost
682
682
682
682
Free-cash
451
441
298
452

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1218
€1284
€1274
€1320
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
-
-
-
1 700
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
255
pensions

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

-
-
-
52
total
-
-
-
349
Employee
176
-
1 631
-
income
18
-
163
-
pensions

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

15
-
31
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
43
-
214
-
Employer
176
-
1 631
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 490
1 700
-
-
income
149
170
-
-
total
149
170
-
-
Dividends
1 341
1 530
-
-
withholding
67
77
-
-
total
67
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
293
247
283
349
After tax
1 407
1 453
1 417
1 351
Living cost
133
133
133
133
Free-cash
1 274
1 320
1 284
1 218

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
€382
€490
€304
€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
-
-
-
1 700
health
-
-
-
125
income
-
-
-
512
pensions
-
-
-
119
total
-
-
-
756
Employee
940
865
1 512
-
income

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

142
142
215
-
pensions
119
119
119
-
health
117
113
125
-
total
378
374
459
-
Employer
940
865
1 512
-
pensions
65
60
75
-
health
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
596
683
-
-
income
119
137
-
-
total
119
137
-
-
Dividends
477
546
-
-
withholding
72
82
-
-
income
101
116
-
-
total
173
198
-
-
Income
1 700
1 700
1 700
1 700
Total tax
834
860
648
756
After tax
866
840
1 052
944
Living cost
562
562
562
562
Free-cash
304
278
490
382

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
€710
€635
€842
€927
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
-
-
-
1 700
social contributions
-
-
-
350
health
-
-
-
229
income
-
-
-
168
solidarity contribution
-
-
-
-
total
-
-
-
747
Employee
358
-
1 285
-
income
43
-
155
-
solidarity contribution
-
-
-
-
social contributions
23
-
78
-
health
48
-
173
-
total
114
-
406
-
Employer
358
-
1 285
-
health
32
-
116
-
social contributions
89
-
300
-
total
121
-
416
-
Corporate
1 220
1 700
-
-
income
232
323
-
-
total
232
323
-
-
Dividends
989
1 377
-
-
withholding
148
207
-
-
total
148
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
615
530
822
747
After tax
1 085
1 170
878
953
Living cost
243
243
243
243
Free-cash
842
927
635
710

Estimated living cost  is €243 per week

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

Source of data for Brno model

Close
Milan , Italy
€390
€313
€426
€479
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
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
10
national
-
-
-
415
regional
-
-
-
20
total
-
-
-
882
Employee
901
-
1 700
-
national
156
-
359
-
social contributions
304
-
573
-
municipal
5
-
9
-
regional
8
-
18
-
total
473
-
959
-
Employer
901
-
1 700
-
total
-
-
-
-
Corporate
799
1 700
-
-
nationa
192
408
-
-
municipal
31
66
-
-
total
223
474
-
-
Dividends
576
1 226
-
-
withholding
150
319
-
-
total
150
319
-
-
Income
1 700
1 700
1 700
1 700
Total tax
846
793
959
882
After tax
854
907
741
818
Living cost
428
428
428
428
Free-cash
426
479
313
390

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€582
€519
€813
€845
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
-
-
-
1 700
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
457
surtax
-
-
-
69
pensions
-
-
-
270
total
-
-
-
894
Employee
335
-
1 415
-
income
56
-
396
-
pensions
22
-
90
-
unemployment
23
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
58
-
total
111
-
672
-
Employer
335
-
1 415
-
pensions
45
-
180
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
total
71
-
285
-
Corporate
1 294
1 700
-
-
income
337
442
-
-
total
337
442
-
-
Dividends
958
1 258
-
-
withholding
144
189
-
-
total
144
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
663
631
957
894
After tax
1 037
1 069
743
806
Living cost
224
224
224
224
Free-cash
813
845
519
582

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€668
€514
€725
€657
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
-
-
-
1 700
income
-
-
-
476
pensions
-
-
-
90
total
-
-
-
566
Employee
646
-
1 486
-
income
116
-
373
-
pensions
55
-
111
-
health
9
-
22
-
total
180
-
506
-
Employer
646
-
1 486
-
pensions
70
-
186
-
health
12
-
28
-
total
82
-
214
-
Corporate
971
1 700
-
-
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.

185
323
-
-
total
185
323
-
-
Dividends
787
1 377
-
-
withholding
62
254
-
-
total
62
254
-
-
Income
1 700
1 700
1 700
1 700
Total tax
509
577
720
566
After tax
1 191
1 123
980
1 134
Living cost
466
466
466
466
Free-cash
725
657
514
668

Estimated living cost  is €466 per week

€349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€614
€535
€340
€10
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
-
-
-
1 700
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.

-
-
-
34
health
-
-
-
4
city
-
-
-
18
national
-
-
-
26
regional
-
-
-
82
pensions
-
-
-
156
total
-
-
-
320
Employee
896
-
1 522
-
pensions
75
-
128
-
national
4
-
20
-
unemployment
-
-
-
-
city
10
-
16
-
health
2
-
3
-
regional
29
-
71
-
total
120
-
238
-
Employer
896
-
1 522
-
pensions
75
-
128
-
other

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

18
-
30
-
health
2
-
3
-
unemployment
-
-
-
-
total
95
-
161
-
Corporate
698
1 700
-
-
regional
148
360
-
-
national
59
145
-
-
total
207
505
-
-
Dividends
491
1 196
-
-
withholding
172
419
-
-
total
172
419
-
-
Income
1 700
1 700
1 700
1 700
Total tax
594
924
399
320
After tax
1 106
776
1 301
1 380
Living cost
766
766
766
766
Free-cash
340
10
535
614

Estimated living cost  is €766 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€412
€623
€540
€376
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.

-
-
-
1 700
trade
-
-
-
211
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
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.

-
-
-
516
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.

-
-
-
28
total
-
-
-
824
Employee

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

609
-
1 700
-
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
-
28
-
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
-
516
-
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
-
613
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 091
1 700
-
-
trade
187
292
-
-
surtax

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

9
14
-
-
income
164
255
-
-
chamber of commerce
3
4
-
-
total
363
565
-
-
Dividends
728
1 136
-
-
surtax

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

10
15
-
-
withholding
178
280
-
-
total
188
295
-
-
Income
1 700
1 700
1 700
1 700
Total tax
696
860
613
824
After tax
1 004
840
1 087
876
Living cost
464
464
464
464
Free-cash
540
376
623
412

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
€613
€597
€570
€509
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
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
69
income
-
-
-
259
surtax
-
-
-
-
pensions
-
-
-
311
total
-
-
-
740
Employee
434
-
1 322
-
income
26
-
251
-
pensions
49
-
89
-
social contributions
12
-
38
-
surtax
-
-
-
-
total
87
-
378
-
Employer
434
-
1 322
-
pensions
71
-
151
-
other
15
-
50
-
health
30
-
119
-
unemployment
18
-
54
-
social contributions
1
-
4
-
total
135
-
378
-
Corporate
1 131
1 700
-
-
surtax
-
-
-
-
income
317
476
-
-
total
317
476
-
-
Dividends
814
1 224
-
-
surtax
-
-
-
-
social contributions
140
211
-
-
withholding
104
157
-
-
total
244
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
783
844
756
740
After tax
917
856
944
960
Living cost
347
347
347
347
Free-cash
570
509
597
613

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
€648
€632
€600
€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
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
69
income
-
-
-
259
surtax
-
-
-
-
pensions
-
-
-
311
total
-
-
-
740
Employee
387
-
1 322
-
income
20
-
251
-
pensions
44
-
89
-
social contributions
11
-
38
-
surtax
-
-
-
-
total
75
-
378
-
Employer
387
-
1 322
-
pensions
64
-
151
-
other
13
-
50
-
health
27
-
119
-
unemployment
16
-
54
-
social contributions
1
-
4
-
total
121
-
378
-
Corporate
1 192
1 700
-
-
surtax
-
-
-
-
income
334
476
-
-
total
334
476
-
-
Dividends
858
1 224
-
-
surtax
-
-
-
-
social contributions
148
211
-
-
withholding
110
157
-
-
total
258
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
788
844
756
740
After tax
912
856
944
960
Living cost
312
312
312
312
Free-cash
600
544
632
648

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€876
€843
€828
€822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
235
health
-
-
-
119
income
-
-
-
255
total
-
-
-
609
Employee
344
-
1 700
-
income
57
-
288
-
social contributions
47
-
235
-
health
24
-
119
-
total
128
-
642
-
Employer
344
-
1 700
-
total
-
-
-
-
Corporate
1 356
1 700
-
-
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%.

68
85
-
-
total
68
85
-
-
Dividends
1 289
1 615
-
-
social contributions
178
223
-
-
health
90
113
-
-
withholding
193
242
-
-
total
461
578
-
-
Income
1 700
1 700
1 700
1 700
Total tax
657
663
642
609
After tax
1 043
1 037
1 058
1 091
Living cost
215
215
215
215
Free-cash
828
822
843
876

Estimated living cost  is €215 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
€515
€92
€568
€585
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
-
-
-
1 700
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
447
surtax
-
-
-
2
pensions
-
-
-
219
total
-
-
-
828
Employee
506
404
1 345
-
income
58
30
354
-
pensions
52
41
121
-
unemployment
15
12
36
-
health
20
16
46
-
other
5
4
12
-
total
150
103
569
-
Employer
506
404
1 345
-
pensions
64
51
149
-
other
24
19
63
-
accident
7
5
15
-
health
19
15
45
-
payroll
15
12
40
-
chamber of commerce
2
2
5
-
unemployment
15
12
36
-
surtax
2
2
2
-
total
148
118
355
-
Corporate
1 046
1 178
1 307
-
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.

261
294
327
-
total
261
294
327
-
Dividends
784
883
-
-
withholding
216
243
-
-
total
216
243
-
-
Income
1 700
1 700
1 700
1 700
Total tax
775
758
1 251
828
After tax
925
942
449
872
Living cost
357
357
357
357
Free-cash
568
585
92
515

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
€366
€234
€430
€582
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
-
-
-
1 700
social contributions
-
-
-
253
communal

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

-
-
-
87
national
-
-
-
624
total
-
-
-
964
Employee

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

725
-
1 317
-
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
-
99
-
national
223
-
473
-
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
-
69
-
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
-
62
-
total
355
-
714
-
Employer

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

725
-
1 317
-
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
-
117
-
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
-
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
-
81
-
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
-
149
-
total
211
-
383
-
Corporate
764
1 700
-
-
surtax
3
7
-
-
income
153
340
-
-
total
156
347
-
-
Dividends
608
1 353
-
-
withholding

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

179
402
-
-
total
179
402
-
-
Income
1 700
1 700
1 700
1 700
Total tax
901
749
1 097
964
After tax
799
951
603
736
Living cost
370
370
370
370
Free-cash
430
582
234
366

Estimated living cost  is €370 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
€589
€545
€698
€768
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
-
-
-
1 700
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
463
pensions
-
-
-
266
total
-
-
-
745
Employee
504
-
1 401
-
income
106
-
428
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
138
-
488
-
Employer
504
-
1 401
-
pensions
119
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
1 035
1 700
-
-
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.

155
255
-
-
total
155
255
-
-
Dividends
880
1 445
-
-
withholding
182
311
-
-
total
182
311
-
-
Income
1 700
1 700
1 700
1 700
Total tax
636
566
789
745
After tax
1 064
1 134
911
955
Living cost
366
366
366
366
Free-cash
698
768
545
589

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€300
€367
€325
€448
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
-
-
-
1 700
accident
-
-
-
14
health
-
-
-
119
income
-
-
-
270
communal
-
-
-
107
surtax
-
-
-
84
pensions
-
-
-
255
total
-
-
-
849
Employee
767
-
1 519
-
income
74
-
319
-
pensions
61
-
121
-
health
34
-
68
-
surtax
47
-
93
-
total
216
-
601
-
Employer
767
-
1 519
-
pensions
61
-
121
-
accident
7
-
14
-
health
23
-
46
-
total
91
-
181
-
Corporate
841
1 700
-
-
communal
57
115
-
-
surtax
9
18
-
-
income
126
255
-
-
total
192
388
-
-
Dividends
649
1 312
-
-
withholding
97
197
-
-
income
228
116
-
-
total
325
313
-
-
Income
1 700
1 700
1 700
1 700
Total tax
824
701
782
849
After tax
876
999
918
851
Living cost
551
551
551
551
Free-cash
325
448
367
300

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€578
€515
€807
€841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
457
surtax
-
-
-
69
pensions
-
-
-
270
total
-
-
-
894
Employee
341
-
1 415
-
income
57
-
396
-
pensions
23
-
90
-
unemployment
24
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
58
-
total
114
-
672
-
Employer
341
-
1 415
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
73
-
285
-
Corporate
1 287
1 700
-
-
income
335
442
-
-
total
335
442
-
-
Dividends
952
1 258
-
-
withholding
143
189
-
-
total
143
189
-
-
Income
1 700
1 700
1 700
1 700
Total tax
665
631
957
894
After tax
1 035
1 069
743
806
Living cost
228
228
228
228
Free-cash
807
841
515
578

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
€539
€463
€597
€621
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
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
10
national
-
-
-
415
regional
-
-
-
26
total
-
-
-
888
Employee
562
-
1 700
-
national
89
-
359
-
social contributions
190
-
573
-
municipal
3
-
9
-
regional
8
-
23
-
total
290
-
964
-
Employer
562
-
1 700
-
total
-
-
-
-
Corporate
1 138
1 700
-
-
nationa
273
408
-
-
municipal
57
84
-
-
total
330
492
-
-
Dividends
808
1 208
-
-
withholding
210
314
-
-
total
210
314
-
-
Income
1 700
1 700
1 700
1 700
Total tax
830
806
964
888
After tax
870
894
736
812
Living cost
273
273
273
273
Free-cash
597
621
463
539

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
€653
€578
€762
€870
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
-
-
-
1 700
social contributions
-
-
-
350
health
-
-
-
229
income
-
-
-
168
solidarity contribution
-
-
-
-
total
-
-
-
747
Employee
441
-
1 285
-
income
53
-
155
-
solidarity contribution
-
-
-
-
social contributions
29
-
78
-
health
60
-
173
-
total
142
-
406
-
Employer
441
-
1 285
-
health
40
-
116
-
social contributions
110
-
300
-
total
150
-
416
-
Corporate
1 109
1 700
-
-
income
211
323
-
-
total
211
323
-
-
Dividends
898
1 377
-
-
withholding
135
207
-
-
total
135
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
638
530
822
747
After tax
1 062
1 170
878
953
Living cost
300
300
300
300
Free-cash
762
870
578
653

Estimated living cost  is €300 per week

€223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€551
€127
€616
€620
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
-
-
-
1 700
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
447
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
826
Employee
443
404
1 347
-
income
39
30
355
-
pensions
45
41
121
-
unemployment
13
12
36
-
health
17
16
46
-
other
4
4
12
-
total
118
103
570
-
Employer
443
404
1 347
-
pensions
56
51
149
-
other
21
19
63
-
accident
6
5
15
-
health
17
15
45
-
payroll
13
12
40
-
chamber of commerce
2
2
5
-
unemployment
13
12
36
-
surtax
-
-
-
-
total
128
116
353
-
Corporate
1 130
1 180
1 309
-
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.

282
295
327
-
total
282
295
327
-
Dividends
847
885
-
-
withholding
233
243
-
-
total
233
243
-
-
Income
1 700
1 700
1 700
1 700
Total tax
761
757
1 250
826
After tax
939
943
450
874
Living cost
323
323
323
323
Free-cash
616
620
127
551

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
€1541
€1218
€1446
€1473
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%.

-
-
-
1 700
microenterprise

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

-
-
-
17
total
-
-
-
17
Employee
178
-
1 700
-
income
36
-
340
-
total
36
-
340
-
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%.

1 522
1 700
-
-
total
-
-
-
-
Dividends
1 522
1 700
-
-
withholding
76
85
-
-
total
76
85
-
-
Income
1 700
1 700
1 700
1 700
Total tax
112
85
340
17
After tax
1 588
1 615
1 360
1 683
Living cost
142
142
142
142
Free-cash
1 446
1 473
1 218
1 541

Estimated living cost  is €142 per week

€96
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€563
€518
€813
€898
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.

-
-
-
1 700
unemployment
-
-
-
3
health
-
-
-
167
income
-
-
-
385
pensions
-
-
-
310
total
-
-
-
865
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
-
1 471
-
income
77
-
356
-
pensions
69
-
228
-
unemployment
1
-
2
-
health
29
-
95
-
total
176
-
681
-
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
-
1 471
-
pensions
40
-
130
-
health
30
-
98
-
unemployment
-
-
1
-
total
70
-
229
-
Corporate
1 182
1 700
-
-
income
225
323
-
-
total
225
323
-
-
Dividends
958
1 377
-
-
withholding
144
207
-
-
total
144
207
-
-
Income
1 700
1 700
1 700
1 700
Total tax
615
530
910
865
After tax
1 085
1 170
790
835
Living cost
272
272
272
272
Free-cash
813
898
518
563

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
€739
€1131
€118
€598
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
-
-
-
1 700
social contributions
-
-
-
194
income
-
-
-
331
total
-
-
-
525
Employee
625
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
625
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
193
1 700
-
-
income
42
374
-
-
total
42
374
-
-
Dividends
150
1 326
-
-
income
33
292
-
-
total
33
292
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 146
666
133
525
After tax
554
1 034
1 567
1 175
Living cost
436
436
436
436
Free-cash
118
598
1 131
739

Estimated living cost  is €436 per week

€283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€596
€469
€639
€649
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.

-
-
-
1 700
social contributions

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

-
-
-
591
income
-
-
-
195
surtax
-
-
-
-
total
-
-
-
786
Employee
466
-
1 374
-
income
97
-
436
-
social contributions
51
-
151
-
surtax
-
-
-
-
total
148
-
587
-
Employer
466
-
1 374
-
social contributions
111
-
326
-
total
111
-
326
-
Corporate
1 123
1 700
-
-
surtax
-
-
-
-
income
236
357
-
-
total
236
357
-
-
Dividends
887
1 343
-
-
withholding
248
376
-
-
total
248
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
743
733
913
786
After tax
957
967
787
914
Living cost
318
318
318
318
Free-cash
639
649
469
596

Estimated living cost  is €318 per week

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

Source of data for Lisbon model

Close
Paris , France
€471
€455
€438
€367
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
-
-
-
1 700
other
-
-
-
53
social contributions
-
-
-
48
health
-
-
-
69
income
-
-
-
259
surtax
-
-
-
-
pensions
-
-
-
311
total
-
-
-
740
Employee
635
-
1 322
-
income
55
-
251
-
pensions
72
-
89
-
social contributions
18
-
38
-
surtax
-
-
-
-
total
145
-
378
-
Employer
635
-
1 322
-
pensions
104
-
151
-
other
22
-
50
-
health
44
-
119
-
unemployment
26
-
54
-
social contributions
2
-
4
-
total
198
-
378
-
Corporate
867
1 700
-
-
surtax
-
-
-
-
income
243
476
-
-
total
243
476
-
-
Dividends
624
1 224
-
-
surtax
-
-
-
-
social contributions
107
211
-
-
withholding
80
157
-
-
total
187
368
-
-
Income
1 700
1 700
1 700
1 700
Total tax
773
844
756
740
After tax
927
856
944
960
Living cost
489
489
489
489
Free-cash
438
367
455
471

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
€950
€995
€1192
€1225
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
-
-
-
1 700
social contributions
-
-
-
374
income
-
-
-
71
total
-
-
-
445
Employee
326
-
1 472
-
social contributions
21
-
96
-
income
-
-
76
-
total
21
-
172
-
Employer
326
-
1 472
-
social contributions
50
-
228
-
total
50
-
228
-
Corporate
1 324
1 700
-
-
income
132
170
-
-
total
132
170
-
-
Dividends
1 191
1 530
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
203
170
400
445
After tax
1 497
1 530
1 300
1 255
Living cost
305
305
305
305
Free-cash
1 192
1 225
995
950

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
€519
-€509
-€509
-€509
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
-
-
-
1 700
municipal
-
-
-
352
national
-
-
-
197
labour market
-
-
-
135
pensions
-
-
-
9
total
-
-
-
693
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
pensions
6
6
6
-
municipal
439
439
439
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 721
1 721
1 721
693
After tax
-21
-21
-21
1 007
Living cost
488
488
488
488
Free-cash
-509
-509
-509
519

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
€943
€702
€105
-€81
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
467
pensions
-
-
-
42
total
-
-
-
538
Employee
344
-
1 526
-
income
47
-
354
-
pensions
39
-
77
-
health
39
-
175
-
total
125
-
606
-
Employer
344
-
1 526
-
pensions
56
-
111
-
accident
6
-
25
-
unemployment
8
-
37
-
total
70
-
173
-
Corporate
1 286
1 700
-
-
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.

1 157
1 530
-
-
total
1 157
1 530
-
-
Dividends
129
170
-
-
withholding
24
32
-
-
total
24
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 376
1 562
779
538
After tax
324
138
921
1 162
Living cost
219
219
219
219
Free-cash
105
-81
702
943

Estimated living cost  is €219 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€720
€509
€706
€681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 700
municipal
-
-
-
302
health
-
-
-
22
national
-
-
-
267
total
-
-
-
591
Employee
533
-
1 430
-
pensions
36
-
97
-
national
9
-
164
-
municipal
87
-
233
-
unemployment
8
-
21
-
health
4
-
18
-
total
144
-
533
-
Employer
533
-
1 430
-
pensions
92
-
248
-
accident
1
-
1
-
health
4
-
11
-
unemployment
3
-
9
-
total
100
-
269
-
Corporate
1 066
1 700
-
-
income
213
340
-
-
total
213
340
-
-
Dividends

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

640
1 020
-
-
municipal
115
184
-
-
national
33
106
-
-
total
148
290
-
-
Income
1 700
1 700
1 700
1 700
Total tax
605
630
802
591
After tax
1 095
1 070
898
1 109
Living cost
389
389
389
389
Free-cash
706
681
509
720

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€932
€917
€950
€1006
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
-
-
-
1 700
social contributions
-
-
-
164
health
-
-
-
43
income
-
-
-
326
total
-
-
-
533
Employee
779
779
1 583
-
income
85
72
318
-
social contributions
29
65
87
-
health
6
13
27
-
total
120
150
432
-
Employer
779
779
1 583
-
health
7
14
29
-
social contributions
29
65
87
-
total
36
79
116
-
Corporate
1 309
842
-
-
income
164
105
-
-
total
164
105
-
-
Dividends
1 145
736
-
-
withholding
195
125
-
-
total
195
125
-
-
Income
1 700
1 700
1 700
1 700
Total tax
515
459
548
533
After tax
1 185
1 241
1 152
1 167
Living cost
235
235
235
235
Free-cash
950
1 006
917
932

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€1266
€1062
€1195
€1247
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
-
-
-
1 700
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
172
pensions
-
-
-
64
total
-
-
-
273
Employee

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

233
-
1 601
-
income
16
-
147
-
pensions
35
-
144
-
unemployment
1
-
5
-
health
20
-
82
-
total
72
-
378
-
Employer

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

233
-
1 601
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 443
1 700
-
-
income
130
153
-
-
total
130
153
-
-
Dividends
1 314
1 547
-
-
withholding
118
139
-
-
total
118
139
-
-
Income
1 700
1 700
1 700
1 700
Total tax
344
292
477
273
After tax
1 356
1 408
1 223
1 427
Living cost
161
161
161
161
Free-cash
1 195
1 247
1 062
1 266

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
€676
€632
€811
€855
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
-
-
-
1 700
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
463
pensions
-
-
-
266
total
-
-
-
745
Employee
375
-
1 401
-
income
72
-
428
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
total
96
-
488
-
Employer
375
-
1 401
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
unemployment
21
-
52
-
total
119
-
301
-
Corporate
1 206
1 700
-
-
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.

181
255
-
-
total
181
255
-
-
Dividends
1 025
1 445
-
-
withholding
214
311
-
-
total
214
311
-
-
Income
1 700
1 700
1 700
1 700
Total tax
610
566
789
745
After tax
1 090
1 134
911
955
Living cost
279
279
279
279
Free-cash
811
855
632
676

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
€1061
€1059
€1028
€1033
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
-
-
-
1 700
health
-
-
-
15
income
-
-
-
576
pensions
-
-
-
20
total
-
-
-
611
Employee
42
-
1 677
-
income
8
-
575
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
590
-
Employer
42
-
1 677
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
1 648
1 700
-
-
income
363
374
-
-
total
363
374
-
-
Dividends
1 286
1 326
-
-
withholding
257
265
-
-
total
257
265
-
-
Income
1 700
1 700
1 700
1 700
Total tax
644
639
613
611
After tax
1 056
1 061
1 087
1 089
Living cost
28
28
28
28
Free-cash
1 028
1 033
1 059
1 061

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€859
€857
€1003
€1053
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.

-
-
-
1 700
unemployment
-
-
-
11
health
-
-
-
77
income
-
-
-
383
pensions
-
-
-
195
total
-
-
-
666
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
-
1 566
-
income
36
-
383
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
39
-
total
89
-
533
-
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
-
1 566
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 388
1 700
-
-
income
208
255
-
-
total
208
255
-
-
Dividends
1 180
1 445
-
-
withholding
177
217
-
-
total
177
217
-
-
Income
1 700
1 700
1 700
1 700
Total tax
522
472
668
666
After tax
1 178
1 228
1 032
1 034
Living cost
175
175
175
175
Free-cash
1 003
1 053
857
859

Estimated living cost  is €175 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
€641
€514
€691
€694
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.

-
-
-
1 700
social contributions

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

-
-
-
591
income
-
-
-
195
surtax
-
-
-
-
total
-
-
-
786
Employee
393
-
1 374
-
income
77
-
436
-
social contributions
43
-
151
-
surtax
-
-
-
-
total
120
-
587
-
Employer
393
-
1 374
-
social contributions
93
-
326
-
total
93
-
326
-
Corporate
1 213
1 700
-
-
surtax
-
-
-
-
income
255
357
-
-
total
255
357
-
-
Dividends
958
1 343
-
-
withholding
268
376
-
-
total
268
376
-
-
Income
1 700
1 700
1 700
1 700
Total tax
736
733
913
786
After tax
964
967
787
914
Living cost
273
273
273
273
Free-cash
691
694
514
641

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
€599
€555
€710
€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
-
-
-
1 700
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
463
pensions
-
-
-
266
total
-
-
-
745
Employee
489
-
1 401
-
income
102
-
428
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
133
-
488
-
Employer
489
-
1 401
-
pensions
116
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
1 055
1 700
-
-
income

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

158
255
-
-
total
158
255
-
-
Dividends
896
1 445
-
-
withholding
186
311
-
-
total
186
311
-
-
Income
1 700
1 700
1 700
1 700
Total tax
634
566
789
745
After tax
1 066
1 134
911
955
Living cost
356
356
356
356
Free-cash
710
778
555
599

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€1177
€1243
€1218
€1279
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
-
-
-
1 700
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
255
pensions

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

-
-
-
52
total
-
-
-
349
Employee
231
-
1 631
-
income
23
-
163
-
pensions

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

20
-
31
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
57
-
214
-
Employer
231
-
1 631
-
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
-
health
16
-
24
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 424
1 700
-
-
income
142
170
-
-
total
142
170
-
-
Dividends
1 282
1 530
-
-
withholding
64
77
-
-
total
64
77
-
-
Income
1 700
1 700
1 700
1 700
Total tax
308
247
283
349
After tax
1 392
1 453
1 417
1 351
Living cost
174
174
174
174
Free-cash
1 218
1 279
1 243
1 177

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
€520
€696
€618
€484
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.

-
-
-
1 700
trade
-
-
-
176
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
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.

-
-
-
516
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.

-
-
-
28
total
-
-
-
789
Employee

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

504
-
1 700
-
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
-
28
-
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
-
516
-
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
-
613
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 196
1 700
-
-
trade
172
244
-
-
surtax

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

10
14
-
-
income
179
255
-
-
chamber of commerce
3
4
-
-
total
364
517
-
-
Dividends
832
1 183
-
-
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
204
292
-
-
total
215
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
691
825
613
789
After tax
1 009
875
1 087
911
Living cost
391
391
391
391
Free-cash
618
484
696
520

Estimated living cost  is €391 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
€329
€329
€635
€613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
282
income
-
-
-
512
total
-
-
-
794
Employee
793
-
1 700
-
social contributions
66
-
282
-
income
150
-
512
-
total
216
-
794
-
Employer
793
-
1 700
-
total
-
-
-
-
Corporate
907
1 700
-
-
income
113
212
-
-
total
113
212
-
-
Dividends
794
1 488
-
-
withholding
159
298
-
-
total
159
298
-
-
Income
1 700
1 700
1 700
1 700
Total tax
488
510
794
794
After tax
1 212
1 190
906
906
Living cost
577
577
577
577
Free-cash
635
613
329
329

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
€976
€845
€718
€683
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.

-
-
-
1 700
health

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

-
-
-
68
income
-
-
-
288
total
-
-
-
356
Employee
465
-
1 653
-
social contributions
47
-
47
-
income
50
-
393
-
total
97
-
440
-
Employer
465
-
1 653
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 189
1 700
-
-
income
416
595
-
-
total
416
595
-
-
Dividends
773
1 105
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 700
1 700
1 700
1 700
Total tax
614
649
487
356
After tax
1 086
1 051
1 213
1 344
Living cost
368
368
368
368
Free-cash
718
683
845
976

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€755
€601
€804
€744
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
-
-
-
1 700
income
-
-
-
476
pensions
-
-
-
90
total
-
-
-
566
Employee
520
-
1 486
-
income
95
-
373
-
pensions
40
-
111
-
health
7
-
22
-
total
142
-
506
-
Employer
520
-
1 486
-
pensions
52
-
186
-
health
10
-
28
-
total
62
-
214
-
Corporate
1 118
1 700
-
-
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.

212
323
-
-
total
212
323
-
-
Dividends
906
1 377
-
-
withholding
101
254
-
-
total
101
254
-
-
Income
1 700
1 700
1 700
1 700
Total tax
517
577
720
566
After tax
1 183
1 123
980
1 134
Living cost
379
379
379
379
Free-cash
804
744
601
755

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€922
€681
€101
-€102
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
-
-
-
1 700
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
467
pensions
-
-
-
42
total
-
-
-
538
Employee
378
-
1 526
-
income
52
-
354
-
pensions
43
-
77
-
health
43
-
175
-
total
138
-
606
-
Employer
378
-
1 526
-
pensions
62
-
111
-
accident
6
-
25
-
unemployment
9
-
37
-
total
77
-
173
-
Corporate
1 245
1 700
-
-
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.

1 120
1 530
-
-
total
1 120
1 530
-
-
Dividends
124
170
-
-
withholding
24
32
-
-
total
24
32
-
-
Income
1 700
1 700
1 700
1 700
Total tax
1 359
1 562
779
538
After tax
341
138
921
1 162
Living cost
240
240
240
240
Free-cash
101
-102
681
922

Estimated living cost  is €240 per week

€176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€839
€1061
€1246
€1294
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.

-
-
-
1 700
work injury
-
-
-
8
unemployment
-
-
-
19
income
-
-
-
279
health insurance
-
-
-
120
pensions
-
-
-
298
total
-
-
-
724
Employee

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

219
-
1 700
-
income
22
-
279
-
work injury
1
-
4
-
pensions
40
-
149
-
unemployment
3
-
10
-
health insurance
16
-
60
-
total
82
-
502
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 481
1 700
-
-
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%.

15
17
-
-
total
15
17
-
-
Dividends
1 466
1 683
-
-
withholding
220
252
-
-
total
220
252
-
-
Income
1 700
1 700
1 700
1 700
Total tax
317
269
502
724
After tax
1 383
1 431
1 198
976
Living cost
137
137
137
137
Free-cash
1 246
1 294
1 061
839

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
€394
€320
€445
€491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 700
social contributions
-
-
-
437
municipal
-
-
-
11
national
-
-
-
415
regional
-
-
-
39
total
-
-
-
902
Employee
854
-
1 700
-
national
144
-
359
-
social contributions
288
-
573
-
municipal
5
-
10
-
regional
13
-
34
-
total
450
-
976
-
Employer
854
-
1 700
-
total
-
-
-
-
Corporate
846
1 700
-
-
nationa
203
408
-
-
municipal
41
82
-
-
total
244
490
-
-
Dividends
602
1 210
-
-
withholding
157
315
-
-
total
157
315
-
-
Income
1 700
1 700
1 700
1 700
Total tax
851
805
976
902
After tax
849
895
724
798
Living cost
404
404
404
404
Free-cash
445
491
320
394

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close