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
€ 1850
per

Your estimated
City
free-cash

Dresden , Germany
€863
€626
€646
€738
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.

-
-
-
1 850
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.

-
-
-
32
trade
-
-
-
217
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.

-
-
-
579
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
total
-
-
-
897
Employee

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

388
-
1 850
-
health

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

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

69
-
69
-
surtax

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

1
-
32
-
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
-
579
-
total
81
-
680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 462
1 850
-
-
chamber of commerce
4
4
-
-
trade
230
291
-
-
surtax

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

12
15
-
-
income
219
278
-
-
total
465
588
-
-
Dividends
997
1 262
-
-
withholding
245
312
-
-
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.

14
17
-
-
total
259
329
-
-
Income
1 850
1 850
1 850
1 850
Total tax
805
917
680
897
After tax
1 045
933
1 170
953
Living cost
307
307
307
307
Free-cash
738
626
863
646

Estimated living cost  is €307 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
€563
€614
€552
€606
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
-
-
-
1 850
municipal
-
-
-
202
social contributions
-
-
-
20
national
-
-
-
314
pensions
-
-
-
222
total
-
-
-
758
Employee
838
-
1 599
-
pensions
34
-
64
-
national
160
-
328
-
municipal
103
-
210
-
total
297
-
602
-
Employer
838
-
1 599
-
pensions
67
-
128
-
social contributions
9
-
17
-
total
76
-
145
-
Corporate
881
1 850
-
-
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%.

176
370
-
-
total
176
370
-
-
Dividends
705
1 480
-
-
withholding
155
326
-
-
total
155
326
-
-
Income
1 850
1 850
1 850
1 850
Total tax
704
696
747
758
After tax
1 146
1 154
1 103
1 092
Living cost
540
540
540
540
Free-cash
606
614
563
552

Estimated living cost  is €540 per week

€367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€571
€1269
€433
€1185
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.

-
-
-
1 850
microenterprise
-
-
-
-
surtax
-
-
-
472
social contributions

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

-
-
-
388
income
-
-
-
346
total
-
-
-
1 206
Employee
296
-
1 405
-
social contributions

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

33
-
133
-
surtax
-
-
204
-
income
53
-
286
-
total
86
-
623
-
Employer
296
-
1 405
-
surtax
-
-
154
-
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
-
total
71
-
445
-
Corporate
1 483
1 850
-
-
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%.

297
370
-
-
total
297
370
-
-
Dividends

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

1 186
1 480
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
454
370
1 068
1 206
After tax
1 396
1 480
782
644
Living cost
211
211
211
211
Free-cash
1 185
1 269
571
433

Estimated living cost  is €211 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
€737
€491
€592
€430
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
-
-
-
1 850
income
-
-
-
589
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
833
Employee
865
865
1 662
-
health
133
113
125
-
pensions
156
119
119
-
income

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

142
142
255
-
total
431
374
499
-
Employer
865
865
1 662
-
unemployment
31
31
39
-
health
60
60
75
-
pensions
60
60
75
-
total
151
151
189
-
Corporate
844
833
-
-
income
169
167
-
-
total
169
167
-
-
Dividends
675
666
-
-
withholding
101
100
-
-
income
143
142
-
-
total
244
242
-
-
Income
1 850
1 850
1 850
1 850
Total tax
995
934
688
833
After tax
855
916
1 162
1 017
Living cost
425
425
425
425
Free-cash
430
491
737
592

Estimated living cost  is €425 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
€528
€601
€538
€593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
474
other
-
-
-
104
unemployment
-
-
-
1
national
-
-
-
169
pensions
-
-
-
97
accident
-
-
-
2
health
-
-
-
56
total
-
-
-
903
Employee
583
-
1 568
-
national
-
-
163
-
municipal
174
-
468
-
total
174
-
631
-
Employer
583
-
1 568
-
unemployment
15
-
24
-
accident
1
-
2
-
health
36
-
55
-
pensions
63
-
97
-
other
68
-
104
-
total
183
-
282
-
Corporate
1 083
1 850
-
-
income
238
407
-
-
total
238
407
-
-
Dividends
845
1 443
-
-
withholding
253
433
-
-
total
253
433
-
-
Income
1 850
1 850
1 850
1 850
Total tax
848
840
913
903
After tax
1 002
1 010
937
947
Living cost
409
409
409
409
Free-cash
593
601
528
538

Estimated living cost  is €409 per week

€271
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.
€92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€772
€526
€545
€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

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

-
-
-
1 850
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.

-
-
-
32
trade
-
-
-
227
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.

-
-
-
579
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
total
-
-
-
907
Employee

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

514
-
1 850
-
health

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

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

69
-
69
-
surtax

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

2
-
32
-
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
-
579
-
total
115
-
680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 336
1 850
-
-
chamber of commerce
3
4
-
-
trade
220
304
-
-
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
15
-
-
income
200
278
-
-
total
434
601
-
-
Dividends
901
1 249
-
-
withholding
222
308
-
-
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
-
-
total
234
325
-
-
Income
1 850
1 850
1 850
1 850
Total tax
783
926
680
907
After tax
1 067
924
1 170
943
Living cost
398
398
398
398
Free-cash
669
526
772
545

Estimated living cost  is €398 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
€917
€1020
€932
€979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
social contributions
-
-
-
164
income
-
-
-
378
health
-
-
-
47
total
-
-
-
589
Employee
779
779
1 731
-
health
8
13
29
-
social contributions
38
65
87
-
income
82
72
369
-
total
128
150
485
-
Employer
779
779
1 731
-
health
8
14
32
-
social contributions
38
65
87
-
total
46
79
119
-
Corporate
1 348
992
-
-
income
168
124
-
-
total
168
124
-
-
Dividends
1 179
868
-
-
withholding
200
148
-
-
total
200
148
-
-
Income
1 850
1 850
1 850
1 850
Total tax
542
501
604
589
After tax
1 308
1 349
1 246
1 261
Living cost
329
329
329
329
Free-cash
979
1 020
917
932

Estimated living cost  is €329 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
€892
€859
€1101
€862
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
-
-
-
1 850
unemployment
-
-
-
28
income
-
-
-
226
pensions
-
-
-
185
health
-
-
-
129
total
-
-
-
568
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
1 548
-
health
18
7
108
-
pensions
26
10
155
-
unemployment
4
2
23
-
income
32
13
189
-
total
80
32
475
-
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
1 548
-
pensions
51
20
302
-
total
51
20
302
-
Corporate
1 537
1 725
-
-
income
138
155
-
-
total
138
155
-
-
Dividends
1 399
1 570
-
-
withholding
266
298
-
-
social contributions
272
305
-
-
total
538
603
-
-
Income
1 850
1 850
1 850
1 850
Total tax
807
810
777
568
After tax
1 043
1 040
1 073
1 282
Living cost
181
181
181
181
Free-cash
862
859
892
1 101

Estimated living cost  is €181 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

Source of data for Budapest model

Close
Tallinn , Estonia
€820
€1235
€747
€1172
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
-
-
-
1 850
income
-
-
-
248
pensions
-
-
-
370
health
-
-
-
240
total
-
-
-
858
Employee
287
-
1 383
-
unemployment
5
-
22
-
pensions
6
-
28
-
income
32
-
267
-
total
43
-
317
-
Employer
287
-
1 383
-
unemployment
2
-
11
-
health
37
-
180
-
pensions
58
-
277
-
total
97
-
468
-
Corporate
1 465
1 850
-
-
income
293
370
-
-
total
293
370
-
-
Dividends
1 172
1 480
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
433
370
785
858
After tax
1 417
1 480
1 065
992
Living cost
245
245
245
245
Free-cash
1 172
1 235
820
747

Estimated living cost  is €245 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
€781
-€76
€1038
€115
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
-
-
-
1 850
other
-
-
-
4
income
-
-
-
514
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
586
Employee
356
-
1 668
-
health
41
-
191
-
pensions
40
-
78
-
income
49
-
392
-
total
130
-
661
-
Employer
356
-
1 668
-
unemployment
9
-
41
-
accident
6
-
28
-
pensions
58
-
113
-
total
73
-
182
-
Corporate
1 421
1 850
-
-
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.

1 279
1 665
-
-
total
1 279
1 665
-
-
Dividends
142
185
-
-
withholding
27
35
-
-
total
27
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 509
1 700
843
586
After tax
341
150
1 007
1 264
Living cost
226
226
226
226
Free-cash
115
-76
781
1 038

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.

Source of data for Gdansk model

Close
Batumi , Georgia
€1398
€1676
€1749
€1660
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%.

-
-
-
1 850
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
103
-
1 850
-
income
21
-
370
-
total
21
-
370
-
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%.

1 747
1 850
-
-
total
-
-
-
-
Dividends
1 747
1 850
-
-
withholding
87
92
-
-
total
87
92
-
-
Income
1 850
1 850
1 850
1 850
Total tax
108
92
370
19
After tax
1 742
1 758
1 480
1 831
Living cost
82
82
82
82
Free-cash
1 660
1 676
1 398
1 749

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.

Source of data for Batumi model

Close
Bratislava , Slovakia
€776
€1090
€777
€1020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
other
-
-
-
73
income
-
-
-
292
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
health
-
-
-
68
total
-
-
-
803
Employee
368
-
1 478
-
health
5
-
21
-
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
-
103
-
unemployment
4
-
15
-
income
63
-
292
-
total
98
-
431
-
Employer
368
-
1 478
-
unemployment
4
-
15
-
accident
3
-
12
-
health
5
-
21
-
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
-
251
-
other
18
-
74
-
total
93
-
373
-
Corporate
1 389
1 850
-
-
income
292
388
-
-
total
292
388
-
-
Dividends
1 098
1 462
-
-
withholding
77
102
-
-
total
77
102
-
-
Income
1 850
1 850
1 850
1 850
Total tax
560
490
804
803
After tax
1 290
1 360
1 046
1 047
Living cost
270
270
270
270
Free-cash
1 020
1 090
776
777

Estimated living cost  is €270 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
€373
€524
€541
€564
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
-
-
-
1 850
income
-
-
-
534
pensions
-
-
-
93
total
-
-
-
627
Employee
965
-
1 616
-
health
16
-
23
-
pensions
93
-
114
-
income
174
-
423
-
total
283
-
560
-
Employer
965
-
1 616
-
health
18
-
31
-
pensions
114
-
204
-
total
132
-
235
-
Corporate
752
1 850
-
-
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.

143
351
-
-
total
143
351
-
-
Dividends
609
1 499
-
-
withholding
46
293
-
-
total
46
293
-
-
Income
1 850
1 850
1 850
1 850
Total tax
604
644
795
627
After tax
1 246
1 206
1 055
1 223
Living cost
682
682
682
682
Free-cash
564
524
373
541

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1419
€1449
€1345
€1402
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
-
-
-
1 850
unemployment
-
-
-
1
income
-
-
-
278
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
372
Employee
176
-
1 781
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
178
-
total
43
-
229
-
Employer
176
-
1 781
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
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
-
total
34
-
69
-
Corporate
1 639
1 850
-
-
income
164
185
-
-
total
164
185
-
-
Dividends
1 475
1 665
-
-
withholding
74
83
-
-
total
74
83
-
-
Income
1 850
1 850
1 850
1 850
Total tax
315
268
298
372
After tax
1 535
1 582
1 552
1 478
Living cost
133
133
133
133
Free-cash
1 402
1 449
1 419
1 345

Estimated living cost  is €133 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
€600
€354
€455
€380
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
-
-
-
1 850
income
-
-
-
589
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
833
Employee
940
865
1 662
-
health
117
113
125
-
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
255
-
total
378
374
499
-
Employer
940
865
1 662
-
unemployment
34
31
39
-
health
65
60
75
-
pensions
65
60
75
-
total
164
151
189
-
Corporate
746
833
-
-
income
149
167
-
-
total
149
167
-
-
Dividends
597
666
-
-
withholding
90
100
-
-
income
127
142
-
-
total
217
242
-
-
Income
1 850
1 850
1 850
1 850
Total tax
908
934
688
833
After tax
942
916
1 162
1 017
Living cost
562
562
562
562
Free-cash
380
354
600
455

Estimated living cost  is €562 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
€727
€1025
€807
€937
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
-
-
-
1 850
solidarity contribution
-
-
-
2
social contributions
-
-
-
356
income
-
-
-
187
health
-
-
-
250
total
-
-
-
795
Employee
364
-
1 417
-
health
49
-
191
-
social contributions
24
-
79
-
solidarity contribution
-
-
-
-
income
44
-
172
-
total
117
-
442
-
Employer
364
-
1 417
-
health
33
-
128
-
social contributions
91
-
305
-
total
124
-
433
-
Corporate
1 362
1 850
-
-
income
259
352
-
-
total
259
352
-
-
Dividends
1 103
1 498
-
-
withholding
165
225
-
-
total
165
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
665
577
875
795
After tax
1 185
1 273
975
1 055
Living cost
248
248
248
248
Free-cash
937
1 025
727
807

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

Source of data for Brno model

Close
Milan , Italy
€369
€559
€452
€506
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
-
-
-
1 850
municipal
-
-
-
11
social contributions
-
-
-
476
national
-
-
-
461
regional
-
-
-
22
total
-
-
-
970
Employee
901
-
1 850
-
social contributions
304
-
624
-
national
156
-
400
-
regional
8
-
19
-
municipal
5
-
10
-
total
473
-
1 053
-
Employer
901
-
1 850
-
total
-
-
-
-
Corporate
949
1 850
-
-
municipal
37
72
-
-
nationa
228
444
-
-
total
265
516
-
-
Dividends
684
1 334
-
-
withholding
178
347
-
-
total
178
347
-
-
Income
1 850
1 850
1 850
1 850
Total tax
916
863
1 053
970
After tax
934
987
797
880
Living cost
428
428
428
428
Free-cash
506
559
369
452

Estimated living cost  is €428 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
€589
€940
€652
€908
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
-
-
-
1 850
surtax
-
-
-
82
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
524
pensions
-
-
-
270
health
-
-
-
96
total
-
-
-
974
Employee
335
-
1 565
-
health
9
-
34
-
pensions
22
-
90
-
unemployment
23
-
94
-
surtax
1
-
70
-
other
-
-
-
-
income
56
-
464
-
total
111
-
752
-
Employer
335
-
1 565
-
unemployment
11
-
43
-
health
15
-
62
-
pensions
45
-
180
-
other
-
-
-
-
total
71
-
285
-
Corporate
1 444
1 850
-
-
income
376
481
-
-
total
376
481
-
-
Dividends
1 069
1 369
-
-
withholding
160
205
-
-
total
160
205
-
-
Income
1 850
1 850
1 850
1 850
Total tax
718
686
1 037
974
After tax
1 132
1 164
813
876
Living cost
224
224
224
224
Free-cash
908
940
589
652

Estimated living cost  is €224 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€589
€740
€757
€807
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
-
-
-
1 850
income
-
-
-
534
pensions
-
-
-
93
total
-
-
-
627
Employee
647
-
1 616
-
health
9
-
23
-
pensions
55
-
114
-
income
117
-
423
-
total
181
-
560
-
Employer
647
-
1 616
-
health
12
-
31
-
pensions
70
-
204
-
total
82
-
235
-
Corporate
1 121
1 850
-
-
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.

213
351
-
-
total
213
351
-
-
Dividends
908
1 499
-
-
withholding
101
293
-
-
total
101
293
-
-
Income
1 850
1 850
1 850
1 850
Total tax
577
644
795
627
After tax
1 273
1 206
1 055
1 223
Living cost
466
466
466
466
Free-cash
807
740
589
757

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€610
€45
€696
€388
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
-
-
-
1 850
city
-
-
-
19
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.

-
-
-
37
national
-
-
-
31
pensions
-
-
-
170
regional
-
-
-
92
health
-
-
-
4
total
-
-
-
353
Employee
938
-
1 656
-
health
2
-
4
-
pensions
79
-
139
-
unemployment
-
-
-
-
city
10
-
18
-
national
4
-
23
-
regional
31
-
79
-
total
126
-
263
-
Employer
938
-
1 656
-
unemployment
-
-
-
-
health
2
-
4
-
pensions
79
-
139
-
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
-
33
-
total
100
-
176
-
Corporate
802
1 850
-
-
regional
170
391
-
-
national
68
157
-
-
total
238
548
-
-
Dividends
564
1 301
-
-
withholding
197
456
-
-
total
197
456
-
-
Income
1 850
1 850
1 850
1 850
Total tax
661
1 004
439
353
After tax
1 189
846
1 411
1 497
Living cost
801
801
801
801
Free-cash
388
45
610
696

Estimated living cost  is €801 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.

Source of data for Zurich model

Close
Munich , Germany
€706
€450
€470
€615
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.

-
-
-
1 850
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.

-
-
-
32
trade
-
-
-
236
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.

-
-
-
579
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
total
-
-
-
916
Employee

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

609
-
1 850
-
health

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

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

69
-
69
-
surtax

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

4
-
32
-
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
-
579
-
total
145
-
680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 241
1 850
-
-
chamber of commerce
3
4
-
-
trade
213
317
-
-
surtax

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

10
15
-
-
income
186
278
-
-
total
412
614
-
-
Dividends
828
1 236
-
-
withholding
203
305
-
-
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
17
-
-
total
214
322
-
-
Income
1 850
1 850
1 850
1 850
Total tax
771
936
680
916
After tax
1 079
914
1 170
934
Living cost
464
464
464
464
Free-cash
615
450
706
470

Estimated living cost  is €464 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
€662
€586
€694
€645
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
-
-
-
1 850
surtax
-
-
-
-
other
-
-
-
57
social contributions
-
-
-
53
income
-
-
-
295
pensions
-
-
-
324
health
-
-
-
80
total
-
-
-
809
Employee
434
-
1 430
-
social contributions
12
-
41
-
pensions
49
-
100
-
surtax
-
-
-
-
income
26
-
280
-
total
87
-
421
-
Employer
434
-
1 430
-
unemployment
18
-
58
-
health
30
-
133
-
pensions
71
-
169
-
other
15
-
56
-
social contributions
1
-
4
-
total
135
-
420
-
Corporate
1 281
1 850
-
-
surtax
-
-
-
-
income
359
518
-
-
total
359
518
-
-
Dividends
922
1 332
-
-
withholding
118
170
-
-
surtax
-
-
-
-
social contributions
159
229
-
-
total
277
399
-
-
Income
1 850
1 850
1 850
1 850
Total tax
858
917
841
809
After tax
992
933
1 009
1 041
Living cost
347
347
347
347
Free-cash
645
586
662
694

Estimated living cost  is €347 per week

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

Source of data for Nice model

Close
Marseille , France
€697
€621
€729
€676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
surtax
-
-
-
-
other
-
-
-
57
social contributions
-
-
-
53
income
-
-
-
295
pensions
-
-
-
324
health
-
-
-
80
total
-
-
-
809
Employee
387
-
1 430
-
social contributions
11
-
41
-
pensions
44
-
100
-
surtax
-
-
-
-
income
20
-
280
-
total
75
-
421
-
Employer
387
-
1 430
-
unemployment
16
-
58
-
health
27
-
133
-
pensions
64
-
169
-
other
13
-
56
-
social contributions
1
-
4
-
total
121
-
420
-
Corporate
1 342
1 850
-
-
surtax
-
-
-
-
income
376
518
-
-
total
376
518
-
-
Dividends
966
1 332
-
-
withholding
124
170
-
-
surtax
-
-
-
-
social contributions
166
229
-
-
total
290
399
-
-
Income
1 850
1 850
1 850
1 850
Total tax
862
917
841
809
After tax
988
933
1 009
1 041
Living cost
312
312
312
312
Free-cash
676
621
697
729

Estimated living cost  is €312 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
€933
€913
€973
€920
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
-
-
-
1 850
social contributions
-
-
-
255
income
-
-
-
278
health
-
-
-
129
total
-
-
-
662
Employee
344
-
1 850
-
health
24
-
129
-
social contributions
47
-
255
-
income
57
-
318
-
total
128
-
702
-
Employer
344
-
1 850
-
total
-
-
-
-
Corporate
1 506
1 850
-
-
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%.

75
92
-
-
total
75
92
-
-
Dividends
1 431
1 758
-
-
withholding
215
264
-
-
health
100
123
-
-
social contributions
197
243
-
-
total
512
630
-
-
Income
1 850
1 850
1 850
1 850
Total tax
715
722
702
662
After tax
1 135
1 128
1 148
1 188
Living cost
215
215
215
215
Free-cash
920
913
933
973

Estimated living cost  is €215 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
€130
€666
€593
€649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
surtax
-
-
-
2
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
income
-
-
-
519
pensions
-
-
-
219
health
-
-
-
91
total
-
-
-
900
Employee
506
404
1 485
-
health
20
16
46
-
pensions
52
41
121
-
unemployment
15
12
36
-
other
5
4
12
-
income
58
30
420
-
total
150
103
635
-
Employer
506
404
1 485
-
unemployment
15
12
36
-
payroll
15
12
45
-
accident
7
5
15
-
health
19
15
45
-
pensions
64
51
149
-
other
24
19
68
-
surtax
2
2
2
-
chamber of commerce
2
2
6
-
total
148
118
366
-
Corporate
1 196
1 328
1 447
-
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.

299
332
362
-
total
299
332
362
-
Dividends
897
996
-
-
withholding
247
274
-
-
total
247
274
-
-
Income
1 850
1 850
1 850
1 850
Total tax
844
827
1 363
900
After tax
1 006
1 023
487
950
Living cost
357
357
357
357
Free-cash
649
666
130
593

Estimated living cost  is €357 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
€280
€666
€432
€512
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
-
-
-
1 850
social contributions
-
-
-
253
communal

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

-
-
-
96
national
-
-
-
699
total
-
-
-
1 048
Employee

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

725
-
1 433
-
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
-
67
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

54
-
107
-
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
-
national
223
-
523
-
communal

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

38
-
75
-
total
355
-
784
-
Employer

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

725
-
1 433
-
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
-
21
-
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
-
19
-
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
-
88
-
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
-
127
-
surtax
82
-
162
-
total
211
-
417
-
Corporate
914
1 850
-
-
surtax
4
7
-
-
income
183
370
-
-
total
187
377
-
-
Dividends
728
1 473
-
-
withholding

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

215
438
-
-
total
215
438
-
-
Income
1 850
1 850
1 850
1 850
Total tax
968
815
1 201
1 048
After tax
882
1 035
649
802
Living cost
370
370
370
370
Free-cash
512
666
280
432

Estimated living cost  is €370 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
€627
€866
€671
€797
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
-
-
-
1 850
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
531
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
813
Employee
504
-
1 551
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
income
106
-
496
-
total
138
-
556
-
Employer
504
-
1 551
-
unemployment
28
-
52
-
accident
10
-
19
-
pensions
119
-
222
-
other
4
-
8
-
total
161
-
301
-
Corporate
1 185
1 850
-
-
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.

178
278
-
-
total
178
278
-
-
Dividends
1 007
1 572
-
-
withholding
210
340
-
-
total
210
340
-
-
Income
1 850
1 850
1 850
1 850
Total tax
687
618
857
813
After tax
1 163
1 232
993
1 037
Living cost
366
366
366
366
Free-cash
797
866
627
671

Estimated living cost  is €366 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€431
€527
€356
€396
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
-
-
-
1 850
surtax
-
-
-
92
income
-
-
-
311
communal
-
-
-
117
pensions
-
-
-
277
accident
-
-
-
16
health
-
-
-
130
total
-
-
-
943
Employee
767
-
1 653
-
health
34
-
74
-
pensions
61
-
132
-
surtax
47
-
101
-
income
74
-
364
-
total
216
-
671
-
Employer
767
-
1 653
-
accident
7
-
15
-
health
23
-
50
-
pensions
61
-
132
-
total
91
-
197
-
Corporate
991
1 850
-
-
communal
67
125
-
-
surtax
10
19
-
-
income
149
278
-
-
total
226
422
-
-
Dividends
765
1 428
-
-
withholding
115
214
-
-
income
255
136
-
-
total
370
350
-
-
Income
1 850
1 850
1 850
1 850
Total tax
903
772
868
943
After tax
947
1 078
982
907
Living cost
551
551
551
551
Free-cash
396
527
431
356

Estimated living cost  is €551 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
€585
€936
€648
€901
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
-
-
-
1 850
surtax
-
-
-
82
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
524
pensions
-
-
-
270
health
-
-
-
96
total
-
-
-
974
Employee
341
-
1 565
-
health
9
-
34
-
pensions
23
-
90
-
unemployment
24
-
94
-
surtax
1
-
70
-
other
-
-
-
-
income
57
-
464
-
total
114
-
752
-
Employer
341
-
1 565
-
unemployment
11
-
43
-
health
16
-
62
-
pensions
46
-
180
-
other
-
-
-
-
total
73
-
285
-
Corporate
1 437
1 850
-
-
income
374
481
-
-
total
374
481
-
-
Dividends
1 063
1 369
-
-
withholding
160
205
-
-
total
160
205
-
-
Income
1 850
1 850
1 850
1 850
Total tax
721
686
1 037
974
After tax
1 129
1 164
813
876
Living cost
228
228
228
228
Free-cash
901
936
585
648

Estimated living cost  is €228 per week

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

Source of data for Athens model

Close
Naples , Italy
€518
€699
€601
€676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 850
municipal
-
-
-
11
social contributions
-
-
-
476
national
-
-
-
461
regional
-
-
-
28
total
-
-
-
976
Employee
562
-
1 850
-
social contributions
190
-
624
-
national
89
-
400
-
regional
8
-
25
-
municipal
3
-
10
-
total
290
-
1 059
-
Employer
562
-
1 850
-
total
-
-
-
-
Corporate
1 288
1 850
-
-
municipal
64
92
-
-
nationa
309
444
-
-
total
373
536
-
-
Dividends
915
1 314
-
-
withholding
238
342
-
-
total
238
342
-
-
Income
1 850
1 850
1 850
1 850
Total tax
901
878
1 059
976
After tax
949
972
791
874
Living cost
273
273
273
273
Free-cash
676
699
518
601

Estimated living cost  is €273 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
€670
€968
€750
€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
-
-
-
1 850
solidarity contribution
-
-
-
2
social contributions
-
-
-
356
income
-
-
-
187
health
-
-
-
250
total
-
-
-
795
Employee
449
-
1 417
-
health
61
-
191
-
social contributions
29
-
79
-
solidarity contribution
-
-
-
-
income
54
-
172
-
total
144
-
442
-
Employer
449
-
1 417
-
health
40
-
128
-
social contributions
112
-
305
-
total
152
-
433
-
Corporate
1 249
1 850
-
-
income
237
352
-
-
total
237
352
-
-
Dividends
1 011
1 498
-
-
withholding
152
225
-
-
total
152
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
685
577
875
795
After tax
1 165
1 273
975
1 055
Living cost
305
305
305
305
Free-cash
860
968
670
750

Estimated living cost  is €305 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

Source of data for Prague model

Close
Graz , Austria
€165
€702
€629
€697
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
-
-
-
1 850
surtax
-
-
-
-
chamber of commerce
-
-
-
7
unemployment
-
-
-
62
income
-
-
-
519
pensions
-
-
-
219
health
-
-
-
91
total
-
-
-
898
Employee
443
404
1 487
-
health
17
16
46
-
pensions
45
41
121
-
unemployment
13
12
36
-
other
4
4
12
-
income
39
30
421
-
total
118
103
636
-
Employer
443
404
1 487
-
unemployment
13
12
36
-
payroll
13
12
45
-
accident
6
5
15
-
health
17
15
45
-
pensions
56
51
149
-
other
21
19
68
-
surtax
-
-
-
-
chamber of commerce
2
2
6
-
total
128
116
364
-
Corporate
1 280
1 330
1 449
-
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.

320
332
362
-
total
320
332
362
-
Dividends
960
997
-
-
withholding
264
274
-
-
total
264
274
-
-
Income
1 850
1 850
1 850
1 850
Total tax
830
825
1 362
898
After tax
1 020
1 025
488
952
Living cost
323
323
323
323
Free-cash
697
702
165
629

Estimated living cost  is €323 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
€1352
€1630
€1703
€1605
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%.

-
-
-
1 850
microenterprise

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

-
-
-
19
total
-
-
-
19
Employee
160
-
1 850
-
income
32
-
370
-
total
32
-
370
-
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%.

1 690
1 850
-
-
total
-
-
-
-
Dividends
1 690
1 850
-
-
withholding
85
92
-
-
total
85
92
-
-
Income
1 850
1 850
1 850
1 850
Total tax
117
92
370
19
After tax
1 733
1 758
1 480
1 831
Living cost
128
128
128
128
Free-cash
1 605
1 630
1 352
1 703

Estimated living cost  is €128 per week

€87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€579
€1001
€628
€917
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.

-
-
-
1 850
unemployment
-
-
-
3
income
-
-
-
427
pensions
-
-
-
338
health
-
-
-
182
total
-
-
-
950
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
-
1 601
-
health
29
-
103
-
pensions
69
-
248
-
unemployment
1
-
2
-
income
77
-
396
-
total
176
-
749
-
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
-
1 601
-
unemployment
-
-
1
-
health
30
-
107
-
pensions
40
-
142
-
total
70
-
250
-
Corporate
1 332
1 850
-
-
income
253
352
-
-
total
253
352
-
-
Dividends
1 079
1 498
-
-
withholding
162
225
-
-
total
162
225
-
-
Income
1 850
1 850
1 850
1 850
Total tax
661
577
999
950
After tax
1 189
1 273
851
900
Living cost
272
272
272
272
Free-cash
917
1 001
579
628

Estimated living cost  is €272 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
€1283
€691
€843
€211
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
-
-
-
1 850
social contributions
-
-
-
211
income
-
-
-
361
total
-
-
-
572
Employee
623
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
623
-
-
-
social contributions
879
-
125
-
total
879
-
125
-
Corporate
348
1 850
-
-
income
77
407
-
-
total
77
407
-
-
Dividends
271
1 443
-
-
income
60
317
-
-
total
60
317
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 204
724
132
572
After tax
646
1 126
1 718
1 278
Living cost
435
435
435
435
Free-cash
211
691
1 283
843

Estimated living cost  is €435 per week

€282
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

Source of data for Oslo model

Close
Lisbon , Portugal
€529
€735
€668
€724
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.

-
-
-
1 850
surtax
-
-
-
-
social contributions

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

-
-
-
643
income
-
-
-
221
total
-
-
-
864
Employee
466
-
1 495
-
social contributions
51
-
164
-
surtax
-
-
-
-
income
97
-
484
-
total
148
-
648
-
Employer
466
-
1 495
-
social contributions
111
-
355
-
total
111
-
355
-
Corporate
1 273
1 850
-
-
surtax
-
-
-
-
income
267
388
-
-
total
267
388
-
-
Dividends
1 006
1 462
-
-
withholding
282
409
-
-
total
282
409
-
-
Income
1 850
1 850
1 850
1 850
Total tax
808
797
1 003
864
After tax
1 042
1 053
847
986
Living cost
318
318
318
318
Free-cash
724
735
529
668

Estimated living cost  is €318 per week

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

Source of data for Lisbon model

Close
Paris , France
€520
€444
€552
€513
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
-
-
-
1 850
surtax
-
-
-
-
other
-
-
-
57
social contributions
-
-
-
53
income
-
-
-
295
pensions
-
-
-
324
health
-
-
-
80
total
-
-
-
809
Employee
635
-
1 430
-
social contributions
18
-
41
-
pensions
72
-
100
-
surtax
-
-
-
-
income
55
-
280
-
total
145
-
421
-
Employer
635
-
1 430
-
unemployment
26
-
58
-
health
44
-
133
-
pensions
104
-
169
-
other
22
-
56
-
social contributions
2
-
4
-
total
198
-
420
-
Corporate
1 017
1 850
-
-
surtax
-
-
-
-
income
285
518
-
-
total
285
518
-
-
Dividends
732
1 332
-
-
withholding
94
170
-
-
surtax
-
-
-
-
social contributions
126
229
-
-
total
220
399
-
-
Income
1 850
1 850
1 850
1 850
Total tax
848
917
841
809
After tax
1 002
933
1 009
1 041
Living cost
489
489
489
489
Free-cash
513
444
520
552

Estimated living cost  is €489 per week

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

Source of data for Paris model

Close
Andorra , Andorra
€1105
€1360
€1055
€1327
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
-
-
-
1 850
income
-
-
-
83
social contributions
-
-
-
407
total
-
-
-
490
Employee
326
-
1 602
-
social contributions
21
-
104
-
income
-
-
88
-
total
21
-
192
-
Employer
326
-
1 602
-
social contributions
50
-
248
-
total
50
-
248
-
Corporate
1 474
1 850
-
-
income
147
185
-
-
total
147
185
-
-
Dividends
1 326
1 665
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
218
185
440
490
After tax
1 632
1 665
1 410
1 360
Living cost
305
305
305
305
Free-cash
1 327
1 360
1 105
1 055

Estimated living cost  is €305 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-€359
-€359
€600
-€359
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
-
-
-
1 850
municipal
-
-
-
387
labour market
-
-
-
147
national
-
-
-
219
pensions
-
-
-
9
total
-
-
-
762
Employee
2 060
2 060
2 060
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 721
1 721
1 721
762
After tax
129
129
129
1 088
Living cost
488
488
488
488
Free-cash
-359
-359
-359
600

Estimated living cost  is €488 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
€784
-€73
€1041
€116
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
-
-
-
1 850
other
-
-
-
4
income
-
-
-
514
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
586
Employee
351
-
1 668
-
health
40
-
191
-
pensions
39
-
78
-
income
48
-
392
-
total
127
-
661
-
Employer
351
-
1 668
-
unemployment
9
-
41
-
accident
6
-
28
-
pensions
57
-
113
-
total
72
-
182
-
Corporate
1 428
1 850
-
-
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.

1 285
1 665
-
-
total
1 285
1 665
-
-
Dividends
143
185
-
-
withholding
27
35
-
-
total
27
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 511
1 700
843
586
After tax
339
150
1 007
1 264
Living cost
223
223
223
223
Free-cash
116
-73
784
1 041

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.

Source of data for Krakow model

Close
Helsinki , Finland
€578
€766
€795
€795
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

-
-
-
1 850
municipal
-
-
-
329
national
-
-
-
313
health
-
-
-
24
total
-
-
-
666
Employee
533
-
1 556
-
health
4
-
20
-
pensions
36
-
105
-
unemployment
8
-
23
-
national
9
-
188
-
municipal
87
-
253
-
total
144
-
589
-
Employer
533
-
1 556
-
unemployment
3
-
10
-
accident
1
-
2
-
health
4
-
12
-
pensions
92
-
270
-
total
100
-
294
-
Corporate
1 216
1 850
-
-
income
243
370
-
-
total
243
370
-
-
Dividends

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

730
1 110
-
-
national
48
125
-
-
municipal
131
200
-
-
total
179
325
-
-
Income
1 850
1 850
1 850
1 850
Total tax
666
695
883
666
After tax
1 184
1 155
967
1 184
Living cost
389
389
389
389
Free-cash
795
766
578
795

Estimated living cost  is €389 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€1011
€1114
€1026
€1060
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
-
-
-
1 850
social contributions
-
-
-
164
income
-
-
-
378
health
-
-
-
47
total
-
-
-
589
Employee
779
779
1 731
-
health
6
13
29
-
social contributions
29
65
87
-
income
85
72
369
-
total
120
150
485
-
Employer
779
779
1 731
-
health
7
14
32
-
social contributions
29
65
87
-
total
36
79
119
-
Corporate
1 459
992
-
-
income
182
124
-
-
total
182
124
-
-
Dividends
1 277
868
-
-
withholding
217
148
-
-
total
217
148
-
-
Income
1 850
1 850
1 850
1 850
Total tax
555
501
604
589
After tax
1 295
1 349
1 246
1 261
Living cost
235
235
235
235
Free-cash
1 060
1 114
1 011
1 026

Estimated living cost  is €235 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
€1195
€1371
€1399
€1320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
1 850
unemployment
-
-
-
-
income
-
-
-
189
pensions
-
-
-
64
health
-
-
-
37
total
-
-
-
290
Employee

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

233
-
1 751
-
health
20
-
82
-
pensions
35
-
144
-
unemployment
1
-
5
-
income
16
-
164
-
total
72
-
395
-
Employer

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

233
-
1 751
-
unemployment
1
-
5
-
health
10
-
41
-
pensions
13
-
53
-
total
24
-
99
-
Corporate
1 593
1 850
-
-
income
143
166
-
-
total
143
166
-
-
Dividends
1 450
1 684
-
-
withholding
130
152
-
-
total
130
152
-
-
Income
1 850
1 850
1 850
1 850
Total tax
369
318
494
290
After tax
1 481
1 532
1 356
1 560
Living cost
161
161
161
161
Free-cash
1 320
1 371
1 195
1 399

Estimated living cost  is €161 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
€714
€953
€758
€909
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
-
-
-
1 850
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
531
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
813
Employee
375
-
1 551
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
income
72
-
496
-
total
96
-
556
-
Employer
375
-
1 551
-
unemployment
21
-
52
-
accident
7
-
19
-
pensions
88
-
222
-
other
3
-
8
-
total
119
-
301
-
Corporate
1 356
1 850
-
-
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.

203
278
-
-
total
203
278
-
-
Dividends
1 152
1 572
-
-
withholding
244
340
-
-
total
244
340
-
-
Income
1 850
1 850
1 850
1 850
Total tax
662
618
857
813
After tax
1 188
1 232
993
1 037
Living cost
279
279
279
279
Free-cash
909
953
714
758

Estimated living cost  is €279 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
€1167
€1133
€1169
€1129
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
-
-
-
1 850
income
-
-
-
634
pensions
-
-
-
15
health
-
-
-
11
total
-
-
-
660
Employee
31
-
1 833
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
income
6
-
633
-
total
11
-
645
-
Employer
31
-
1 833
-
unemployment
1
-
2
-
health
3
-
7
-
pensions
3
-
8
-
total
7
-
17
-
Corporate
1 811
1 850
-
-
income
399
407
-
-
total
399
407
-
-
Dividends
1 413
1 443
-
-
withholding
283
289
-
-
total
283
289
-
-
Income
1 850
1 850
1 850
1 850
Total tax
700
696
662
660
After tax
1 150
1 154
1 188
1 190
Living cost
21
21
21
21
Free-cash
1 129
1 133
1 167
1 169

Estimated living cost  is €21 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€970
€1161
€972
€1111
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.

-
-
-
1 850
unemployment
-
-
-
11
income
-
-
-
420
pensions
-
-
-
195
health
-
-
-
77
total
-
-
-
703
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
-
1 716
-
health
14
-
39
-
pensions
37
-
105
-
unemployment
2
-
6
-
income
36
-
420
-
total
89
-
570
-
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
-
1 716
-
unemployment
2
-
6
-
health
14
-
39
-
pensions
32
-
90
-
total
48
-
135
-
Corporate
1 538
1 850
-
-
income
231
278
-
-
total
231
278
-
-
Dividends
1 308
1 572
-
-
withholding
196
236
-
-
total
196
236
-
-
Income
1 850
1 850
1 850
1 850
Total tax
564
514
705
703
After tax
1 286
1 336
1 145
1 147
Living cost
175
175
175
175
Free-cash
1 111
1 161
970
972

Estimated living cost  is €175 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
€574
€780
€713
€776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 850
surtax
-
-
-
-
social contributions

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

-
-
-
643
income
-
-
-
221
total
-
-
-
864
Employee
393
-
1 495
-
social contributions
43
-
164
-
surtax
-
-
-
-
income
77
-
484
-
total
120
-
648
-
Employer
393
-
1 495
-
social contributions
93
-
355
-
total
93
-
355
-
Corporate
1 363
1 850
-
-
surtax
-
-
-
-
income
286
388
-
-
total
286
388
-
-
Dividends
1 077
1 462
-
-
withholding
302
409
-
-
total
302
409
-
-
Income
1 850
1 850
1 850
1 850
Total tax
801
797
1 003
864
After tax
1 049
1 053
847
986
Living cost
273
273
273
273
Free-cash
776
780
574
713

Estimated living cost  is €273 per week

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

Source of data for Porto model

Close
Madrid , Spain
€637
€876
€681
€809
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
-
-
-
1 850
other
-
-
-
1
unemployment
-
-
-
7
income
-
-
-
531
pensions
-
-
-
266
accident
-
-
-
8
total
-
-
-
813
Employee
489
-
1 551
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
income
102
-
496
-
total
133
-
556
-
Employer
489
-
1 551
-
unemployment
27
-
52
-
accident
10
-
19
-
pensions
116
-
222
-
other
4
-
8
-
total
157
-
301
-
Corporate
1 205
1 850
-
-
income

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

181
278
-
-
total
181
278
-
-
Dividends
1 024
1 572
-
-
withholding
214
340
-
-
total
214
340
-
-
Income
1 850
1 850
1 850
1 850
Total tax
685
618
857
813
After tax
1 165
1 232
993
1 037
Living cost
356
356
356
356
Free-cash
809
876
637
681

Estimated living cost  is €356 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
€1378
€1408
€1304
€1346
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
-
-
-
1 850
unemployment
-
-
-
1
income
-
-
-
278
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
372
Employee
231
-
1 781
-
health
11
-
16
-
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
-
178
-
total
57
-
229
-
Employer
231
-
1 781
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
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
-
total
45
-
69
-
Corporate
1 574
1 850
-
-
income
157
185
-
-
total
157
185
-
-
Dividends
1 416
1 665
-
-
withholding
71
83
-
-
total
71
83
-
-
Income
1 850
1 850
1 850
1 850
Total tax
330
268
298
372
After tax
1 520
1 582
1 552
1 478
Living cost
174
174
174
174
Free-cash
1 346
1 408
1 378
1 304

Estimated living cost  is €174 per week

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

Source of data for Sofia model

Close
Berlin , Germany
€779
€561
€581
€694
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 850
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.

-
-
-
32
trade
-
-
-
198
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.

-
-
-
579
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
total
-
-
-
878
Employee

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

504
-
1 850
-
health

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

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

69
-
69
-
surtax

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

2
-
32
-
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
-
579
-
total
112
-
680
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 346
1 850
-
-
chamber of commerce
4
4
-
-
trade
193
265
-
-
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
15
-
-
income
202
278
-
-
total
410
562
-
-
Dividends
936
1 288
-
-
withholding
230
318
-
-
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
18
-
-
total
243
336
-
-
Income
1 850
1 850
1 850
1 850
Total tax
765
898
680
878
After tax
1 085
952
1 170
972
Living cost
391
391
391
391
Free-cash
694
561
779
581

Estimated living cost  is €391 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
€391
€718
€391
€740
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
-
-
-
1 850
income
-
-
-
572
social contributions
-
-
-
310
total
-
-
-
882
Employee
793
-
1 850
-
social contributions
66
-
310
-
income
150
-
572
-
total
216
-
882
-
Employer
793
-
1 850
-
total
-
-
-
-
Corporate
1 057
1 850
-
-
income
132
231
-
-
total
132
231
-
-
Dividends
925
1 619
-
-
withholding
185
324
-
-
total
185
324
-
-
Income
1 850
1 850
1 850
1 850
Total tax
533
555
882
882
After tax
1 317
1 295
968
968
Living cost
577
577
577
577
Free-cash
740
718
391
391

Estimated living cost  is €577 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
€943
€780
€1132
€816
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.

-
-
-
1 850
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.

-
-
-
62
total
-
-
-
350
Employee
465
-
1 803
-
social contributions
47
-
47
-
income
50
-
445
-
total
97
-
492
-
Employer
465
-
1 803
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 339
1 850
-
-
income
468
648
-
-
total
468
648
-
-
Dividends
870
1 202
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 850
1 850
1 850
1 850
Total tax
666
702
539
350
After tax
1 184
1 148
1 311
1 500
Living cost
368
368
368
368
Free-cash
816
780
943
1 132

Estimated living cost  is €368 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€676
€827
€844
€885
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
-
-
-
1 850
income
-
-
-
534
pensions
-
-
-
93
total
-
-
-
627
Employee
520
-
1 616
-
health
7
-
23
-
pensions
40
-
114
-
income
95
-
423
-
total
142
-
560
-
Employer
520
-
1 616
-
health
10
-
31
-
pensions
53
-
204
-
total
63
-
235
-
Corporate
1 267
1 850
-
-
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.

241
351
-
-
total
241
351
-
-
Dividends
1 027
1 499
-
-
withholding
140
293
-
-
total
140
293
-
-
Income
1 850
1 850
1 850
1 850
Total tax
586
644
795
627
After tax
1 264
1 206
1 055
1 223
Living cost
379
379
379
379
Free-cash
885
827
676
844

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€762
-€95
€1019
€114
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
-
-
-
1 850
other
-
-
-
4
income
-
-
-
514
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
586
Employee
385
-
1 668
-
health
44
-
191
-
pensions
43
-
78
-
income
53
-
392
-
total
140
-
661
-
Employer
385
-
1 668
-
unemployment
9
-
41
-
accident
6
-
28
-
pensions
63
-
113
-
total
78
-
182
-
Corporate
1 386
1 850
-
-
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.

1 247
1 665
-
-
total
1 247
1 665
-
-
Dividends
139
185
-
-
withholding
26
35
-
-
total
26
35
-
-
Income
1 850
1 850
1 850
1 850
Total tax
1 491
1 700
843
586
After tax
359
150
1 007
1 264
Living cost
245
245
245
245
Free-cash
114
-95
762
1 019

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.

Source of data for Warsaw model

Close
Skopje , Macedonia
€1184
€1419
€962
€1373
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.

-
-
-
1 850
unemployment
-
-
-
19
health insurance
-
-
-
120
income
-
-
-
306
pensions
-
-
-
298
work injury
-
-
-
8
total
-
-
-
751
Employee

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

219
-
1 850
-
pensions
40
-
149
-
unemployment
3
-
10
-
work injury
1
-
4
-
health insurance
16
-
60
-
income
22
-
306
-
total
82
-
529
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 631
1 850
-
-
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%.

16
19
-
-
total
16
19
-
-
Dividends
1 615
1 831
-
-
withholding
242
275
-
-
total
242
275
-
-
Income
1 850
1 850
1 850
1 850
Total tax
340
294
529
751
After tax
1 510
1 556
1 321
1 099
Living cost
137
137
137
137
Free-cash
1 373
1 419
1 184
962

Estimated living cost  is €137 per week

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

Source of data for Skopje model

Close
Rome , Italy
€373
€571
€455
€525
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
-
-
-
1 850
municipal
-
-
-
12
social contributions
-
-
-
476
national
-
-
-
461
regional
-
-
-
42
total
-
-
-
991
Employee
854
-
1 850
-
social contributions
288
-
624
-
national
144
-
400
-
regional
13
-
38
-
municipal
5
-
11
-
total
450
-
1 073
-
Employer
854
-
1 850
-
total
-
-
-
-
Corporate
996
1 850
-
-
municipal
48
89
-
-
nationa
239
444
-
-
total
287
533
-
-
Dividends
709
1 317
-
-
withholding
184
342
-
-
total
184
342
-
-
Income
1 850
1 850
1 850
1 850
Total tax
921
875
1 073
991
After tax
929
975
777
859
Living cost
404
404
404
404
Free-cash
525
571
373
455

Estimated living cost  is €404 per week

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

Source of data for Rome model

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Estimated living cost

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