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
€ 1750
per

Your estimated
City
free-cash

Dresden , Germany
€577
€807
€606
€687
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.

-
-
-
1 750
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.

-
-
-
537
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.

-
-
-
30
health

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

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

-
-
-
69
trade
-
-
-
201
total
-
-
-
837
Employee

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

388
-
1 750
-
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
-
30
-
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
-
537
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 362
1 750
-
-
income
204
262
-
-
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
-
-
chamber of commerce
4
4
-
-
trade
215
276
-
-
total
434
556
-
-
Dividends
929
1 193
-
-
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.

13
16
-
-
withholding
228
294
-
-
total
241
310
-
-
Income
1 750
1 750
1 750
1 750
Total tax
756
866
636
837
After tax
994
884
1 114
913
Living cost
307
307
307
307
Free-cash
687
577
807
606

Estimated living cost  is €307 per week

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

Additional information

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

Reykjavik , Iceland
€553
€509
€495
€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
-
-
-
1 750
social contributions
-
-
-
19
municipal
-
-
-
191
national
-
-
-
296
pensions
-
-
-
210
total
-
-
-
716
Employee
836
-
1 513
-
municipal
103
-
198
-
pensions
33
-
61
-
national
160
-
306
-
total
296
-
565
-
Employer
836
-
1 513
-
pensions
67
-
121
-
social contributions
9
-
16
-
total
76
-
137
-
Corporate
783
1 750
-
-
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
350
-
-
total
157
350
-
-
Dividends
627
1 400
-
-
withholding
138
308
-
-
total
138
308
-
-
Income
1 750
1 750
1 750
1 750
Total tax
667
658
702
716
After tax
1 083
1 092
1 048
1 034
Living cost
539
539
539
539
Free-cash
544
553
509
495

Estimated living cost  is €539 per week

€366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
€1189
€519
€390
€1105
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.

-
-
-
1 750
income
-
-
-
315
surtax
-
-
-
446
social contributions

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

-
-
-
388
microenterprise
-
-
-
-
total
-
-
-
1 149
Employee
296
-
1 314
-
surtax
-
-
191
-
social contributions

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

33
-
133
-
income
53
-
260
-
total
86
-
584
-
Employer
296
-
1 314
-
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
-
-
145
-
total
71
-
436
-
Corporate
1 383
1 750
-
-
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%.

277
350
-
-
total
277
350
-
-
Dividends

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

1 106
1 400
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
434
350
1 020
1 149
After tax
1 316
1 400
730
601
Living cost
211
211
211
211
Free-cash
1 105
1 189
519
390

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
€440
€664
€543
€379
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
-
-
-
1 750
income
-
-
-
538
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
782
Employee
865
865
1 562
-
pensions
156
119
119
-
income

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

142
142
228
-
health
133
113
125
-
total
431
374
472
-
Employer
865
865
1 562
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
744
733
-
-
income
149
147
-
-
total
149
147
-
-
Dividends
595
586
-
-
income
126
125
-
-
withholding
89
88
-
-
total
215
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
946
885
661
782
After tax
804
865
1 089
968
Living cost
425
425
425
425
Free-cash
379
440
664
543

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
€548
€483
€492
€539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
accident
-
-
-
2
other
-
-
-
104
unemployment
-
-
-
1
health
-
-
-
56
municipal
-
-
-
445
national
-
-
-
145
pensions
-
-
-
97
total
-
-
-
850
Employee
581
-
1 469
-
municipal
173
-
438
-
national
-
-
139
-
total
173
-
577
-
Employer
581
-
1 469
-
health
36
-
55
-
pensions
63
-
97
-
accident
1
-
2
-
unemployment
15
-
24
-
other
67
-
104
-
total
182
-
282
-
Corporate
987
1 750
-
-
income
217
385
-
-
total
217
385
-
-
Dividends
770
1 365
-
-
withholding
231
409
-
-
total
231
409
-
-
Income
1 750
1 750
1 750
1 750
Total tax
803
794
859
850
After tax
947
956
891
900
Living cost
408
408
408
408
Free-cash
539
548
483
492

Estimated living cost  is €408 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Hamburg , Germany
€477
€716
€506
€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

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

-
-
-
1 750
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.

-
-
-
537
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.

-
-
-
30
health

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

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

-
-
-
69
trade
-
-
-
210
total
-
-
-
846
Employee

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

514
-
1 750
-
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
-
30
-
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
-
537
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 236
1 750
-
-
income
185
262
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
203
288
-
-
total
401
568
-
-
Dividends
834
1 181
-
-
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
205
291
-
-
total
216
307
-
-
Income
1 750
1 750
1 750
1 750
Total tax
732
875
636
846
After tax
1 018
875
1 114
904
Living cost
398
398
398
398
Free-cash
620
477
716
506

Estimated living cost  is €398 per week

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

Additional information

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

Limassol , Cyprus
€948
€854
€868
€905
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
-
-
-
1 750
income
-
-
-
344
social contributions
-
-
-
164
health
-
-
-
45
total
-
-
-
553
Employee
779
779
1 633
-
social contributions
38
65
87
-
income
82
72
335
-
health
8
13
28
-
total
128
150
450
-
Employer
779
779
1 633
-
health
8
14
30
-
social contributions
38
65
87
-
total
46
79
117
-
Corporate
1 248
892
-
-
income
156
111
-
-
total
156
111
-
-
Dividends
1 092
780
-
-
withholding
186
133
-
-
total
186
133
-
-
Income
1 750
1 750
1 750
1 750
Total tax
516
473
567
553
After tax
1 234
1 277
1 183
1 197
Living cost
329
329
329
329
Free-cash
905
948
854
868

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Budapest , Hungary
€802
€832
€1031
€806
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
-
-
-
1 750
income
-
-
-
214
unemployment
-
-
-
26
health
-
-
-
122
pensions
-
-
-
175
total
-
-
-
537
Employee

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

The minimum wage is 138,000 HUF per month.

262
104
1 464
-
unemployment
4
2
22
-
pensions
26
10
146
-
income
32
13
179
-
health
18
7
103
-
total
80
32
450
-
Employer

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

The minimum wage is 138,000 HUF per month.

262
104
1 464
-
pensions
51
20
286
-
total
51
20
286
-
Corporate
1 437
1 625
-
-
income
129
146
-
-
total
129
146
-
-
Dividends
1 307
1 479
-
-
social contributions
254
287
-
-
withholding
248
281
-
-
total
502
568
-
-
Income
1 750
1 750
1 750
1 750
Total tax
762
766
736
537
After tax
988
984
1 014
1 213
Living cost
182
182
182
182
Free-cash
806
802
832
1 031

Estimated living cost  is €182 per week

€124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
€1155
€764
€693
€1092
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
-
-
-
1 750
income
-
-
-
234
health
-
-
-
228
pensions
-
-
-
350
total
-
-
-
812
Employee
287
-
1 308
-
unemployment
5
-
21
-
pensions
6
-
26
-
income
32
-
252
-
total
43
-
299
-
Employer
287
-
1 308
-
health
37
-
170
-
pensions
58
-
262
-
unemployment
2
-
10
-
total
97
-
442
-
Corporate
1 365
1 750
-
-
income
273
350
-
-
total
273
350
-
-
Dividends
1 092
1 400
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
413
350
741
812
After tax
1 337
1 400
1 009
938
Living cost
245
245
245
245
Free-cash
1 092
1 155
764
693

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
-€84
€723
€970
€106
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
-
-
-
1 750
accident
-
-
-
3
income
-
-
-
482
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
554
Employee
355
-
1 572
-
pensions
40
-
78
-
income
49
-
365
-
health
41
-
180
-
total
130
-
623
-
Employer
355
-
1 572
-
pensions
58
-
113
-
accident
6
-
26
-
unemployment
9
-
39
-
total
73
-
178
-
Corporate
1 322
1 750
-
-
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.

1 190
1 575
-
-
total
1 190
1 575
-
-
Dividends
132
175
-
-
withholding
25
33
-
-
total
25
33
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 418
1 608
801
554
After tax
332
142
949
1 196
Living cost
226
226
226
226
Free-cash
106
-84
723
970

Estimated living cost  is €226 per week

€166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Batumi , Georgia
€1581
€1318
€1651
€1566
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%.

-
-
-
1 750
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
102
-
1 750
-
income
20
-
350
-
total
20
-
350
-
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%.

1 648
1 750
-
-
total
-
-
-
-
Dividends
1 648
1 750
-
-
withholding
82
87
-
-
total
82
87
-
-
Income
1 750
1 750
1 750
1 750
Total tax
102
87
350
17
After tax
1 648
1 663
1 400
1 733
Living cost
82
82
82
82
Free-cash
1 566
1 581
1 318
1 651

Estimated living cost  is €82 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Bratislava , Slovakia
€1015
€721
€702
€947
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
-
-
-
1 750
income
-
-
-
267
other
-
-
-
73
health
-
-
-
68
pensions

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

-
-
-
370
total
-
-
-
778
Employee
368
-
1 398
-
unemployment
4
-
14
-
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
-
98
-
income
63
-
274
-
health
5
-
20
-
total
98
-
406
-
Employer
368
-
1 398
-
health
5
-
20
-
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
-
238
-
accident
3
-
11
-
unemployment
4
-
14
-
other
18
-
70
-
total
93
-
353
-
Corporate
1 289
1 750
-
-
income
271
368
-
-
total
271
368
-
-
Dividends
1 019
1 382
-
-
withholding
71
97
-
-
total
71
97
-
-
Income
1 750
1 750
1 750
1 750
Total tax
533
465
759
778
After tax
1 217
1 285
991
972
Living cost
270
270
270
270
Free-cash
947
1 015
721
702

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
London , United Kingdom
€469
€325
€483
€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
-
-
-
1 750
income
-
-
-
496
pensions
-
-
-
91
total
-
-
-
587
Employee
962
-
1 529
-
pensions
93
-
112
-
income
173
-
390
-
health
16
-
22
-
total
282
-
524
-
Employer
962
-
1 529
-
health
18
-
29
-
pensions
114
-
192
-
total
132
-
221
-
Corporate
656
1 750
-
-
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.

125
333
-
-
total
125
333
-
-
Dividends
531
1 417
-
-
withholding
40
268
-
-
total
40
268
-
-
Income
1 750
1 750
1 750
1 750
Total tax
579
601
745
587
After tax
1 171
1 149
1 005
1 163
Living cost
680
680
680
680
Free-cash
491
469
325
483

Estimated living cost  is €680 per week

€509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Varna , Bulgaria
€1363
€1329
€1261
€1317
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
-
-
-
1 750
income
-
-
-
262
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
356
Employee
176
-
1 681
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
168
-
health
8
-
16
-
total
43
-
219
-
Employer
176
-
1 681
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 540
1 750
-
-
income
154
175
-
-
total
154
175
-
-
Dividends
1 386
1 575
-
-
withholding
69
79
-
-
total
69
79
-
-
Income
1 750
1 750
1 750
1 750
Total tax
300
254
288
356
After tax
1 450
1 496
1 462
1 394
Living cost
133
133
133
133
Free-cash
1 317
1 363
1 329
1 261

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Amsterdam , Netherlands
€303
€527
€406
€329
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
-
-
-
1 750
income
-
-
-
538
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
782
Employee
940
865
1 562
-
pensions
119
119
119
-
income

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

142
142
228
-
health
117
113
125
-
total
378
374
472
-
Employer
940
865
1 562
-
health
65
60
75
-
pensions
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
646
733
-
-
income
129
147
-
-
total
129
147
-
-
Dividends
517
586
-
-
income
110
125
-
-
withholding
78
88
-
-
total
188
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
859
885
661
782
After tax
891
865
1 089
968
Living cost
562
562
562
562
Free-cash
329
303
527
406

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
€956
€659
€735
€868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
income
-
-
-
174
social contributions
-
-
-
357
solidarity contribution
-
-
-
-
health
-
-
-
236
total
-
-
-
767
Employee
365
-
1 325
-
solidarity contribution
-
-
-
-
social contributions
24
-
79
-
income
44
-
160
-
health
49
-
179
-
total
117
-
418
-
Employer
365
-
1 325
-
health
33
-
119
-
social contributions
91
-
306
-
total
124
-
425
-
Corporate
1 261
1 750
-
-
income
240
333
-
-
total
240
333
-
-
Dividends
1 021
1 417
-
-
withholding
153
213
-
-
total
153
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
634
546
843
767
After tax
1 116
1 204
907
983
Living cost
248
248
248
248
Free-cash
868
956
659
735

Estimated living cost  is €248 per week

€172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Milan , Italy
€506
€332
€411
€453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
social contributions
-
-
-
450
regional
-
-
-
21
municipal
-
-
-
10
national
-
-
-
430
total
-
-
-
911
Employee
901
-
1 750
-
municipal
5
-
9
-
national
156
-
373
-
regional
8
-
18
-
social contributions
304
-
590
-
total
473
-
990
-
Employer
901
-
1 750
-
total
-
-
-
-
Corporate
849
1 750
-
-
municipal
33
68
-
-
nationa
204
420
-
-
total
237
488
-
-
Dividends
612
1 262
-
-
withholding
159
328
-
-
total
159
328
-
-
Income
1 750
1 750
1 750
1 750
Total tax
869
816
990
911
After tax
881
934
760
839
Living cost
428
428
428
428
Free-cash
453
506
332
411

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Thessaloniki , Greece
€877
€543
€606
€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
-
-
-
1 750
income
-
-
-
479
other
-
-
-
-
surtax
-
-
-
73
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
920
Employee
335
-
1 465
-
other
-
-
-
-
unemployment
23
-
94
-
pensions
22
-
90
-
surtax
1
-
61
-
income
56
-
419
-
health
9
-
34
-
total
111
-
698
-
Employer
335
-
1 465
-
health
15
-
62
-
pensions
45
-
180
-
unemployment
11
-
43
-
other
-
-
-
-
total
71
-
285
-
Corporate
1 344
1 750
-
-
income
350
455
-
-
total
350
455
-
-
Dividends
995
1 295
-
-
withholding
149
194
-
-
total
149
194
-
-
Income
1 750
1 750
1 750
1 750
Total tax
681
649
983
920
After tax
1 069
1 101
767
830
Living cost
224
224
224
224
Free-cash
845
877
543
606

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Cambridge , United Kingdom
€684
€540
€698
€753
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
-
-
-
1 750
income
-
-
-
496
pensions
-
-
-
91
total
-
-
-
587
Employee
645
-
1 529
-
pensions
55
-
112
-
income
116
-
390
-
health
9
-
22
-
total
180
-
524
-
Employer
645
-
1 529
-
health
12
-
29
-
pensions
70
-
192
-
total
82
-
221
-
Corporate
1 023
1 750
-
-
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.

194
333
-
-
total
194
333
-
-
Dividends
829
1 417
-
-
withholding
76
268
-
-
total
76
268
-
-
Income
1 750
1 750
1 750
1 750
Total tax
532
601
745
587
After tax
1 218
1 149
1 005
1 163
Living cost
465
465
465
465
Free-cash
753
684
540
698

Estimated living cost  is €465 per week

€348
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.

Zurich , Switzerland
-€2
€536
€620
€341
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
-
-
-
1 750
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.

-
-
-
35
regional
-
-
-
84
health
-
-
-
4
city
-
-
-
18
national
-
-
-
26
pensions
-
-
-
161
total
-
-
-
328
Employee
938
-
1 566
-
unemployment
-
-
-
-
pensions
79
-
132
-
national
4
-
20
-
regional
31
-
72
-
city
10
-
17
-
health
2
-
4
-
total
126
-
245
-
Employer
938
-
1 566
-
health
2
-
4
-
pensions
79
-
132
-
unemployment
-
-
-
-
other

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

19
-
31
-
total
100
-
167
-
Corporate
702
1 750
-
-
regional
148
370
-
-
national
60
149
-
-
total
208
519
-
-
Dividends
494
1 231
-
-
withholding
173
431
-
-
total
173
431
-
-
Income
1 750
1 750
1 750
1 750
Total tax
607
950
412
328
After tax
1 143
800
1 338
1 422
Living cost
802
802
802
802
Free-cash
341
-2
536
620

Estimated living cost  is €802 per week

€521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Munich , Germany
€402
€650
€431
€565
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.

-
-
-
1 750
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.

-
-
-
537
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.

-
-
-
30
health

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

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

-
-
-
69
trade
-
-
-
219
total
-
-
-
855
Employee

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

609
-
1 750
-
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
-
30
-
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
-
537
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 141
1 750
-
-
income
171
262
-
-
surtax

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

9
14
-
-
chamber of commerce
3
4
-
-
trade
196
300
-
-
total
379
580
-
-
Dividends
762
1 169
-
-
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
16
-
-
withholding
187
288
-
-
total
197
304
-
-
Income
1 750
1 750
1 750
1 750
Total tax
721
884
636
855
After tax
1 029
866
1 114
895
Living cost
464
464
464
464
Free-cash
565
402
650
431

Estimated living cost  is €464 per week

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

Additional information

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

Nice , France
€535
€618
€640
€595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
income
-
-
-
271
other
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
50
health
-
-
-
73
pensions
-
-
-
315
total
-
-
-
763
Employee
434
-
1 358
-
pensions
49
-
93
-
surtax
-
-
-
-
social contributions
12
-
39
-
income
26
-
261
-
total
87
-
393
-
Employer
434
-
1 358
-
health
30
-
124
-
pensions
71
-
157
-
unemployment
18
-
55
-
social contributions
1
-
4
-
other
15
-
52
-
total
135
-
392
-
Corporate
1 181
1 750
-
-
income
331
490
-
-
surtax
-
-
-
-
total
331
490
-
-
Dividends
850
1 260
-
-
surtax
-
-
-
-
social contributions
146
217
-
-
withholding
109
161
-
-
total
255
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
808
868
785
763
After tax
942
882
965
987
Living cost
347
347
347
347
Free-cash
595
535
618
640

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Marseille , France
€570
€653
€675
€626
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
-
-
-
1 750
income
-
-
-
271
other
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
50
health
-
-
-
73
pensions
-
-
-
315
total
-
-
-
763
Employee
387
-
1 358
-
pensions
44
-
93
-
surtax
-
-
-
-
social contributions
11
-
39
-
income
20
-
261
-
total
75
-
393
-
Employer
387
-
1 358
-
health
27
-
124
-
pensions
64
-
157
-
unemployment
16
-
55
-
social contributions
1
-
4
-
other
13
-
52
-
total
121
-
392
-
Corporate
1 242
1 750
-
-
income
348
490
-
-
surtax
-
-
-
-
total
348
490
-
-
Dividends
894
1 260
-
-
surtax
-
-
-
-
social contributions
154
217
-
-
withholding
114
161
-
-
total
268
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
812
868
785
763
After tax
938
882
965
987
Living cost
312
312
312
312
Free-cash
626
570
653
675

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€853
€873
€909
€860
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
-
-
-
1 750
income
-
-
-
262
social contributions
-
-
-
242
health
-
-
-
122
total
-
-
-
626
Employee
344
-
1 750
-
social contributions
47
-
242
-
income
57
-
298
-
health
24
-
122
-
total
128
-
662
-
Employer
344
-
1 750
-
total
-
-
-
-
Corporate
1 406
1 750
-
-
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%.

70
88
-
-
total
70
88
-
-
Dividends
1 336
1 662
-
-
social contributions
184
229
-
-
withholding
200
249
-
-
health
93
116
-
-
total
477
594
-
-
Income
1 750
1 750
1 750
1 750
Total tax
675
682
662
626
After tax
1 075
1 068
1 088
1 124
Living cost
215
215
215
215
Free-cash
860
853
873
909

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vienna , Austria
€612
€106
€541
€595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
income
-
-
-
471
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
7
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
852
Employee
506
404
1 392
-
other
5
4
12
-
unemployment
15
12
36
-
pensions
52
41
121
-
income
58
30
375
-
health
20
16
46
-
total
150
103
590
-
Employer
506
404
1 392
-
chamber of commerce
2
2
6
-
health
19
15
45
-
pensions
64
51
149
-
accident
7
5
15
-
unemployment
15
12
36
-
surtax
2
2
2
-
payroll
15
12
42
-
other
24
19
64
-
total
148
118
359
-
Corporate
1 096
1 228
1 354
-
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.

274
307
338
-
total
274
307
338
-
Dividends
822
921
-
-
withholding
226
253
-
-
total
226
253
-
-
Income
1 750
1 750
1 750
1 750
Total tax
798
781
1 287
852
After tax
952
969
463
898
Living cost
357
357
357
357
Free-cash
595
612
106
541

Estimated living cost  is €357 per week

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

Additional information

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

Brussels , Belgium
€610
€246
€388
€458
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
-
-
-
1 750
communal

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

-
-
-
90
social contributions
-
-
-
253
national
-
-
-
649
total
-
-
-
992
Employee

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

725
-
1 355
-
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
-
12
-
communal

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

38
-
71
-
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
-
102
-
national
223
-
490
-
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
-
64
-
total
355
-
739
-
Employer

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

725
-
1 355
-
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
-
83
-
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
-
120
-
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
-
18
-
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
-
20
-
surtax
82
-
154
-
total
211
-
395
-
Corporate
814
1 750
-
-
income
163
350
-
-
surtax
3
7
-
-
total
166
357
-
-
Dividends
648
1 393
-
-
withholding

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

191
414
-
-
total
191
414
-
-
Income
1 750
1 750
1 750
1 750
Total tax
923
771
1 134
992
After tax
827
979
616
758
Living cost
370
370
370
370
Free-cash
458
610
246
388

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Barcelona , Spain
€801
€572
€616
€731
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
-
-
-
1 750
accident
-
-
-
8
income
-
-
-
486
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
768
Employee
504
-
1 451
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
24
-
44
-
income
106
-
451
-
total
138
-
511
-
Employer
504
-
1 451
-
pensions
119
-
222
-
accident
10
-
19
-
unemployment
28
-
52
-
other
4
-
8
-
total
161
-
301
-
Corporate
1 085
1 750
-
-
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.

163
262
-
-
total
163
262
-
-
Dividends
922
1 488
-
-
withholding
191
321
-
-
total
191
321
-
-
Income
1 750
1 750
1 750
1 750
Total tax
653
583
812
768
After tax
1 097
1 167
938
982
Living cost
366
366
366
366
Free-cash
731
801
572
616

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Luxembourg , Luxembourg
€476
€387
€318
€349
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
-
-
-
1 750
communal
-
-
-
111
accident
-
-
-
15
income
-
-
-
283
surtax
-
-
-
87
health
-
-
-
123
pensions
-
-
-
262
total
-
-
-
881
Employee
767
-
1 563
-
pensions
61
-
125
-
surtax
47
-
96
-
income
74
-
334
-
health
34
-
70
-
total
216
-
625
-
Employer
767
-
1 563
-
health
23
-
48
-
pensions
61
-
125
-
accident
7
-
14
-
total
91
-
187
-
Corporate
891
1 750
-
-
communal
60
118
-
-
income
134
262
-
-
surtax
9
18
-
-
total
203
398
-
-
Dividends
688
1 351
-
-
income
237
122
-
-
withholding
103
203
-
-
total
340
325
-
-
Income
1 750
1 750
1 750
1 750
Total tax
850
723
812
881
After tax
900
1 027
938
869
Living cost
551
551
551
551
Free-cash
349
476
387
318

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Athens , Greece
€873
€539
€602
€839
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
-
-
-
1 750
income
-
-
-
479
other
-
-
-
-
surtax
-
-
-
73
unemployment
-
-
-
2
health
-
-
-
96
pensions
-
-
-
270
total
-
-
-
920
Employee
341
-
1 465
-
other
-
-
-
-
unemployment
24
-
94
-
pensions
23
-
90
-
surtax
1
-
61
-
income
57
-
419
-
health
9
-
34
-
total
114
-
698
-
Employer
341
-
1 465
-
health
16
-
62
-
pensions
46
-
180
-
unemployment
11
-
43
-
other
-
-
-
-
total
73
-
285
-
Corporate
1 337
1 750
-
-
income
348
455
-
-
total
348
455
-
-
Dividends
989
1 295
-
-
withholding
148
194
-
-
total
148
194
-
-
Income
1 750
1 750
1 750
1 750
Total tax
683
649
983
920
After tax
1 067
1 101
767
830
Living cost
228
228
228
228
Free-cash
839
873
539
602

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Naples , Italy
€647
€481
€561
€624
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
-
-
-
1 750
social contributions
-
-
-
450
regional
-
-
-
26
municipal
-
-
-
10
national
-
-
-
430
total
-
-
-
916
Employee
562
-
1 750
-
municipal
3
-
9
-
national
89
-
373
-
regional
8
-
24
-
social contributions
190
-
590
-
total
290
-
996
-
Employer
562
-
1 750
-
total
-
-
-
-
Corporate
1 188
1 750
-
-
municipal
59
87
-
-
nationa
285
420
-
-
total
344
507
-
-
Dividends
844
1 243
-
-
withholding
219
323
-
-
total
219
323
-
-
Income
1 750
1 750
1 750
1 750
Total tax
853
830
996
916
After tax
897
920
754
834
Living cost
273
273
273
273
Free-cash
624
647
481
561

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
€898
€601
€677
€791
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
-
-
-
1 750
income
-
-
-
174
social contributions
-
-
-
357
solidarity contribution
-
-
-
-
health
-
-
-
236
total
-
-
-
767
Employee
450
-
1 325
-
solidarity contribution
-
-
-
-
social contributions
29
-
79
-
income
54
-
160
-
health
61
-
179
-
total
144
-
418
-
Employer
450
-
1 325
-
health
40
-
119
-
social contributions
112
-
306
-
total
152
-
425
-
Corporate
1 147
1 750
-
-
income
218
333
-
-
total
218
333
-
-
Dividends
929
1 417
-
-
withholding
139
213
-
-
total
139
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
653
546
843
767
After tax
1 097
1 204
907
983
Living cost
306
306
306
306
Free-cash
791
898
601
677

Estimated living cost  is €306 per week

€227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Graz , Austria
€647
€140
€577
€643
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
-
-
-
1 750
income
-
-
-
471
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
7
health
-
-
-
91
pensions
-
-
-
219
total
-
-
-
850
Employee
443
404
1 394
-
other
4
4
12
-
unemployment
13
12
36
-
pensions
45
41
121
-
income
39
30
376
-
health
17
16
46
-
total
118
103
591
-
Employer
443
404
1 394
-
chamber of commerce
2
2
6
-
health
17
15
45
-
pensions
56
51
149
-
accident
6
5
15
-
unemployment
13
12
36
-
surtax
-
-
-
-
payroll
13
12
42
-
other
21
19
64
-
total
128
116
357
-
Corporate
1 180
1 230
1 355
-
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.

295
307
339
-
total
295
307
339
-
Dividends
885
922
-
-
withholding
243
254
-
-
total
243
254
-
-
Income
1 750
1 750
1 750
1 750
Total tax
784
780
1 287
850
After tax
966
970
463
900
Living cost
323
323
323
323
Free-cash
643
647
140
577

Estimated living cost  is €323 per week

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

Additional information

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

Tbilisi , Georgia
€1536
€1273
€1606
€1511
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%.

-
-
-
1 750
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
159
-
1 750
-
income
32
-
350
-
total
32
-
350
-
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%.

1 591
1 750
-
-
total
-
-
-
-
Dividends
1 591
1 750
-
-
withholding
80
87
-
-
total
80
87
-
-
Income
1 750
1 750
1 750
1 750
Total tax
112
87
350
17
After tax
1 638
1 663
1 400
1 733
Living cost
127
127
127
127
Free-cash
1 511
1 536
1 273
1 606

Estimated living cost  is €127 per week

€86
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€933
€538
€584
€848
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.

-
-
-
1 750
income
-
-
-
399
unemployment
-
-
-
3
health
-
-
-
172
pensions
-
-
-
320
total
-
-
-
894
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
-
1 514
-
unemployment
1
-
2
-
pensions
69
-
235
-
income
77
-
369
-
health
29
-
98
-
total
176
-
704
-
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
-
1 514
-
health
30
-
101
-
pensions
40
-
134
-
unemployment
-
-
1
-
total
70
-
236
-
Corporate
1 232
1 750
-
-
income
234
332
-
-
total
234
332
-
-
Dividends
998
1 418
-
-
withholding
150
213
-
-
total
150
213
-
-
Income
1 750
1 750
1 750
1 750
Total tax
630
545
940
894
After tax
1 120
1 205
810
856
Living cost
272
272
272
272
Free-cash
848
933
538
584

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
€632
€1185
€777
€154
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
-
-
-
1 750
income
-
-
-
341
social contributions
-
-
-
199
total
-
-
-
540
Employee
621
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
621
-
-
-
social contributions
875
-
125
-
total
875
-
125
-
Corporate
254
1 750
-
-
income
56
385
-
-
total
56
385
-
-
Dividends
198
1 365
-
-
income
44
300
-
-
total
44
300
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 163
685
132
540
After tax
587
1 065
1 618
1 210
Living cost
433
433
433
433
Free-cash
154
632
1 185
777

Estimated living cost  is €433 per week

€281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
€677
€488
€621
€667
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.

-
-
-
1 750
income
-
-
-
203
surtax
-
-
-
-
social contributions

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

-
-
-
608
total
-
-
-
811
Employee
466
-
1 414
-
surtax
-
-
-
-
social contributions
51
-
156
-
income
97
-
452
-
total
148
-
608
-
Employer
466
-
1 414
-
social contributions
111
-
336
-
total
111
-
336
-
Corporate
1 173
1 750
-
-
income
246
368
-
-
surtax
-
-
-
-
total
246
368
-
-
Dividends
927
1 382
-
-
withholding
260
387
-
-
total
260
387
-
-
Income
1 750
1 750
1 750
1 750
Total tax
765
755
944
811
After tax
985
995
806
939
Living cost
318
318
318
318
Free-cash
667
677
488
621

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
€393
€476
€498
€462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
income
-
-
-
271
other
-
-
-
54
surtax
-
-
-
-
social contributions
-
-
-
50
health
-
-
-
73
pensions
-
-
-
315
total
-
-
-
763
Employee
635
-
1 358
-
pensions
72
-
93
-
surtax
-
-
-
-
social contributions
18
-
39
-
income
55
-
261
-
total
145
-
393
-
Employer
635
-
1 358
-
health
44
-
124
-
pensions
104
-
157
-
unemployment
26
-
55
-
social contributions
2
-
4
-
other
22
-
52
-
total
198
-
392
-
Corporate
917
1 750
-
-
income
257
490
-
-
surtax
-
-
-
-
total
257
490
-
-
Dividends
660
1 260
-
-
surtax
-
-
-
-
social contributions
114
217
-
-
withholding
85
161
-
-
total
199
378
-
-
Income
1 750
1 750
1 750
1 750
Total tax
799
868
785
763
After tax
951
882
965
987
Living cost
489
489
489
489
Free-cash
462
393
476
498

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Andorra , Andorra
€1270
€1032
€985
€1237
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
-
-
-
1 750
income
-
-
-
75
social contributions
-
-
-
385
total
-
-
-
460
Employee
326
-
1 515
-
income
-
-
80
-
social contributions
21
-
98
-
total
21
-
178
-
Employer
326
-
1 515
-
social contributions
50
-
235
-
total
50
-
235
-
Corporate
1 374
1 750
-
-
income
137
175
-
-
total
137
175
-
-
Dividends
1 236
1 575
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
208
175
413
460
After tax
1 542
1 575
1 337
1 290
Living cost
305
305
305
305
Free-cash
1 237
1 270
1 032
985

Estimated living cost  is €305 per week

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

Additional information

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

Copenhagen , Denmark
-€459
-€459
€547
-€459
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
-
-
-
1 750
labour market
-
-
-
139
municipal
-
-
-
363
national
-
-
-
204
pensions
-
-
-
9
total
-
-
-
715
Employee
2 060
2 060
2 060
-
municipal
439
439
439
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 721
1 721
1 721
715
After tax
29
29
29
1 035
Living cost
488
488
488
488
Free-cash
-459
-459
-459
547

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Krakow , Poland
-€81
€726
€973
€107
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
-
-
-
1 750
accident
-
-
-
3
income
-
-
-
482
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
554
Employee
350
-
1 572
-
pensions
39
-
78
-
income
48
-
365
-
health
40
-
180
-
total
127
-
623
-
Employer
350
-
1 572
-
pensions
57
-
113
-
accident
6
-
26
-
unemployment
9
-
39
-
total
72
-
178
-
Corporate
1 328
1 750
-
-
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.

1 196
1 575
-
-
total
1 196
1 575
-
-
Dividends
133
175
-
-
withholding
25
33
-
-
total
25
33
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 420
1 608
801
554
After tax
330
142
949
1 196
Living cost
223
223
223
223
Free-cash
107
-81
726
973

Estimated living cost  is €223 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Helsinki , Finland
€710
€533
€744
€735
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

-
-
-
1 750
health
-
-
-
23
municipal
-
-
-
311
national
-
-
-
283
total
-
-
-
617
Employee
533
-
1 472
-
municipal
87
-
240
-
unemployment
8
-
22
-
pensions
36
-
99
-
national
9
-
172
-
health
4
-
18
-
total
144
-
551
-
Employer
533
-
1 472
-
health
4
-
11
-
pensions
92
-
255
-
accident
1
-
1
-
unemployment
3
-
10
-
total
100
-
277
-
Corporate
1 116
1 750
-
-
income
223
350
-
-
total
223
350
-
-
Dividends

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

670
1 050
-
-
municipal
121
189
-
-
national
38
112
-
-
total
159
301
-
-
Income
1 750
1 750
1 750
1 750
Total tax
626
651
828
617
After tax
1 124
1 099
922
1 133
Living cost
389
389
389
389
Free-cash
735
710
533
744

Estimated living cost  is €389 per week

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

Additional information

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

Larnaca , Cyprus
€1042
€948
€962
€987
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
-
-
-
1 750
income
-
-
-
344
social contributions
-
-
-
164
health
-
-
-
45
total
-
-
-
553
Employee
779
779
1 633
-
social contributions
29
65
87
-
income
85
72
335
-
health
6
13
28
-
total
120
150
450
-
Employer
779
779
1 633
-
health
7
14
30
-
social contributions
29
65
87
-
total
36
79
117
-
Corporate
1 359
892
-
-
income
170
111
-
-
total
170
111
-
-
Dividends
1 189
780
-
-
withholding
202
133
-
-
total
202
133
-
-
Income
1 750
1 750
1 750
1 750
Total tax
528
473
567
553
After tax
1 222
1 277
1 183
1 197
Living cost
235
235
235
235
Free-cash
987
1 042
948
962

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Podgorica , Montenegro
€1288
€1106
€1310
€1237
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
-
-
-
1 750
income
-
-
-
178
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
279
Employee

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

233
-
1 651
-
unemployment
1
-
5
-
pensions
35
-
144
-
income
16
-
153
-
health
20
-
82
-
total
72
-
384
-
Employer

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

233
-
1 651
-
health
10
-
41
-
pensions
13
-
53
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 493
1 750
-
-
income
134
158
-
-
total
134
158
-
-
Dividends
1 359
1 592
-
-
withholding
122
143
-
-
total
122
143
-
-
Income
1 750
1 750
1 750
1 750
Total tax
352
301
483
279
After tax
1 398
1 449
1 267
1 471
Living cost
161
161
161
161
Free-cash
1 237
1 288
1 106
1 310

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Valencia , Spain
€888
€659
€703
€844
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
-
-
-
1 750
accident
-
-
-
8
income
-
-
-
486
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
768
Employee
375
-
1 451
-
other
-
-
1
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
451
-
total
96
-
511
-
Employer
375
-
1 451
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
total
119
-
301
-
Corporate
1 256
1 750
-
-
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.

188
262
-
-
total
188
262
-
-
Dividends
1 067
1 488
-
-
withholding
224
321
-
-
total
224
321
-
-
Income
1 750
1 750
1 750
1 750
Total tax
627
583
812
768
After tax
1 123
1 167
938
982
Living cost
279
279
279
279
Free-cash
844
888
659
703

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
€1072
€1104
€1105
€1068
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
-
-
-
1 750
income
-
-
-
599
health
-
-
-
11
pensions
-
-
-
15
total
-
-
-
625
Employee
31
-
1 733
-
unemployment
-
-
1
-
pensions
3
-
7
-
income
6
-
598
-
health
2
-
4
-
total
11
-
610
-
Employer
31
-
1 733
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
1 712
1 750
-
-
income
377
385
-
-
total
377
385
-
-
Dividends
1 335
1 365
-
-
withholding
267
273
-
-
total
267
273
-
-
Income
1 750
1 750
1 750
1 750
Total tax
662
658
626
625
After tax
1 088
1 092
1 124
1 125
Living cost
20
20
20
20
Free-cash
1 068
1 072
1 104
1 105

Estimated living cost  is €20 per week

€12
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€6
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Belgrade , Serbia
€1089
€895
€897
€1039
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.

-
-
-
1 750
income
-
-
-
395
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
195
total
-
-
-
678
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
-
1 616
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
395
-
health
14
-
39
-
total
89
-
545
-
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
-
1 616
-
health
14
-
39
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 438
1 750
-
-
income
216
263
-
-
total
216
263
-
-
Dividends
1 223
1 487
-
-
withholding
183
223
-
-
total
183
223
-
-
Income
1 750
1 750
1 750
1 750
Total tax
536
486
680
678
After tax
1 214
1 264
1 070
1 072
Living cost
175
175
175
175
Free-cash
1 039
1 089
895
897

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Porto , Portugal
€722
€533
€666
€720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 750
income
-
-
-
203
surtax
-
-
-
-
social contributions

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

-
-
-
608
total
-
-
-
811
Employee
393
-
1 414
-
surtax
-
-
-
-
social contributions
43
-
156
-
income
77
-
452
-
total
120
-
608
-
Employer
393
-
1 414
-
social contributions
93
-
336
-
total
93
-
336
-
Corporate
1 263
1 750
-
-
income
265
368
-
-
surtax
-
-
-
-
total
265
368
-
-
Dividends
998
1 382
-
-
withholding
279
387
-
-
total
279
387
-
-
Income
1 750
1 750
1 750
1 750
Total tax
757
755
944
811
After tax
993
995
806
939
Living cost
273
273
273
273
Free-cash
720
722
533
666

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Madrid , Spain
€811
€582
€626
€743
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
-
-
-
1 750
accident
-
-
-
8
income
-
-
-
486
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
266
total
-
-
-
768
Employee
489
-
1 451
-
other
-
-
1
-
unemployment
8
-
15
-
pensions
23
-
44
-
income
102
-
451
-
total
133
-
511
-
Employer
489
-
1 451
-
pensions
116
-
222
-
accident
10
-
19
-
unemployment
27
-
52
-
other
4
-
8
-
total
157
-
301
-
Corporate
1 105
1 750
-
-
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.

166
262
-
-
total
166
262
-
-
Dividends
939
1 488
-
-
withholding
195
321
-
-
total
195
321
-
-
Income
1 750
1 750
1 750
1 750
Total tax
651
583
812
768
After tax
1 099
1 167
938
982
Living cost
356
356
356
356
Free-cash
743
811
582
626

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
€1322
€1288
€1220
€1261
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
-
-
-
1 750
income
-
-
-
262
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
356
Employee
231
-
1 681
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

20
-
31
-
income
23
-
168
-
health
11
-
16
-
total
57
-
219
-
Employer
231
-
1 681
-
health
16
-
24
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 474
1 750
-
-
income
147
175
-
-
total
147
175
-
-
Dividends
1 326
1 575
-
-
withholding
66
79
-
-
total
66
79
-
-
Income
1 750
1 750
1 750
1 750
Total tax
315
254
288
356
After tax
1 435
1 496
1 462
1 394
Living cost
174
174
174
174
Free-cash
1 261
1 322
1 288
1 220

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Berlin , Germany
€510
€723
€539
€643
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.

-
-
-
1 750
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.

-
-
-
537
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.

-
-
-
30
health

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

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

-
-
-
69
trade
-
-
-
184
total
-
-
-
820
Employee

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

504
-
1 750
-
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
-
30
-
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
-
537
-
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
-
636
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 246
1 750
-
-
income
187
262
-
-
surtax

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

10
14
-
-
chamber of commerce
3
4
-
-
trade
179
251
-
-
total
379
531
-
-
Dividends
867
1 218
-
-
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
17
-
-
withholding
213
301
-
-
total
225
318
-
-
Income
1 750
1 750
1 750
1 750
Total tax
716
849
636
820
After tax
1 034
901
1 114
930
Living cost
391
391
391
391
Free-cash
643
510
723
539

Estimated living cost  is €391 per week

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

Additional information

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

Dublin , Ireland
€648
€350
€350
€669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
income
-
-
-
532
social contributions
-
-
-
291
total
-
-
-
823
Employee
793
-
1 750
-
income
150
-
532
-
social contributions
66
-
291
-
total
216
-
823
-
Employer
793
-
1 750
-
total
-
-
-
-
Corporate
957
1 750
-
-
income
120
219
-
-
total
120
219
-
-
Dividends
838
1 531
-
-
withholding
168
306
-
-
total
168
306
-
-
Income
1 750
1 750
1 750
1 750
Total tax
504
525
823
823
After tax
1 246
1 225
927
927
Living cost
577
577
577
577
Free-cash
669
648
350
350

Estimated living cost  is €577 per week

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

Additional information

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

Sliema , Malta
€716
€878
€1033
€751
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.

-
-
-
1 750
income
-
-
-
288
health

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

-
-
-
61
total
-
-
-
349
Employee
465
-
1 703
-
income
50
-
410
-
social contributions
47
-
47
-
total
97
-
457
-
Employer
465
-
1 703
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 239
1 750
-
-
income
433
612
-
-
total
433
612
-
-
Dividends
805
1 138
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 750
1 750
1 750
1 750
Total tax
631
666
504
349
After tax
1 119
1 084
1 246
1 401
Living cost
368
368
368
368
Free-cash
751
716
878
1 033

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
€771
€627
€785
€832
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
-
-
-
1 750
income
-
-
-
496
pensions
-
-
-
91
total
-
-
-
587
Employee
518
-
1 529
-
pensions
40
-
112
-
income
94
-
390
-
health
7
-
22
-
total
141
-
524
-
Employer
518
-
1 529
-
health
10
-
29
-
pensions
52
-
192
-
total
62
-
221
-
Corporate
1 169
1 750
-
-
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.

222
333
-
-
total
222
333
-
-
Dividends
947
1 417
-
-
withholding
115
268
-
-
total
115
268
-
-
Income
1 750
1 750
1 750
1 750
Total tax
540
601
745
587
After tax
1 210
1 149
1 005
1 163
Living cost
378
378
378
378
Free-cash
832
771
627
785

Estimated living cost  is €378 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Warsaw , Poland
-€103
€704
€951
€105
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
-
-
-
1 750
accident
-
-
-
3
income
-
-
-
482
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
554
Employee
385
-
1 572
-
pensions
43
-
78
-
income
53
-
365
-
health
44
-
180
-
total
140
-
623
-
Employer
385
-
1 572
-
pensions
63
-
113
-
accident
6
-
26
-
unemployment
9
-
39
-
total
78
-
178
-
Corporate
1 287
1 750
-
-
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.

1 158
1 575
-
-
total
1 158
1 575
-
-
Dividends
129
175
-
-
withholding
24
33
-
-
total
24
33
-
-
Income
1 750
1 750
1 750
1 750
Total tax
1 400
1 608
801
554
After tax
350
142
949
1 196
Living cost
245
245
245
245
Free-cash
105
-103
704
951

Estimated living cost  is €245 per week

€180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Skopje , Macedonia
€1336
€1102
€880
€1289
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.

-
-
-
1 750
income
-
-
-
288
unemployment
-
-
-
19
work injury
-
-
-
8
health insurance
-
-
-
120
pensions
-
-
-
298
total
-
-
-
733
Employee

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

219
-
1 750
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
288
-
total
82
-
511
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 531
1 750
-
-
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
1 516
1 733
-
-
withholding
227
260
-
-
total
227
260
-
-
Income
1 750
1 750
1 750
1 750
Total tax
324
277
511
733
After tax
1 426
1 473
1 239
1 017
Living cost
137
137
137
137
Free-cash
1 289
1 336
1 102
880

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rome , Italy
€518
€337
€414
€472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 750
social contributions
-
-
-
450
regional
-
-
-
40
municipal
-
-
-
12
national
-
-
-
430
total
-
-
-
932
Employee
854
-
1 750
-
municipal
5
-
10
-
national
144
-
373
-
regional
13
-
36
-
social contributions
288
-
590
-
total
450
-
1 009
-
Employer
854
-
1 750
-
total
-
-
-
-
Corporate
896
1 750
-
-
municipal
43
84
-
-
nationa
215
420
-
-
total
258
504
-
-
Dividends
638
1 246
-
-
withholding
166
324
-
-
total
166
324
-
-
Income
1 750
1 750
1 750
1 750
Total tax
874
828
1 009
932
After tax
876
922
741
818
Living cost
404
404
404
404
Free-cash
472
518
337
414

Estimated living cost  is €404 per week

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

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Additional information

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