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
€ 1900
per

Your estimated
City
free-cash

Dresden , Germany
€651
€763
€666
€891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
trade
-
-
-
225
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.

-
-
-
600
health

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

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

-
-
-
69
surtax

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

-
-
-
33
total
-
-
-
927
Employee

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

388
-
1 900
-
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
-
33
-
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
-
600
-
total
81
-
702
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 512
1 900
-
-
surtax

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

12
16
-
-
income
227
285
-
-
trade
238
299
-
-
chamber of commerce
4
4
-
-
total
481
604
-
-
Dividends
1 031
1 296
-
-
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
18
-
-
withholding
254
320
-
-
total
268
338
-
-
Income
1 900
1 900
1 900
1 900
Total tax
830
942
702
927
After tax
1 070
958
1 198
973
Living cost
307
307
307
307
Free-cash
763
651
891
666

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
€675
€665
€598
€608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
209
pensions
-
-
-
228
national
-
-
-
334
social contributions
-
-
-
20
total
-
-
-
791
Employee
792
-
1 643
-
municipal
98
-
216
-
pensions
32
-
66
-
national
152
-
350
-
total
282
-
632
-
Employer
792
-
1 643
-
social contributions
9
-
18
-
pensions
63
-
131
-
total
72
-
149
-
Corporate
984
1 900
-
-
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%.

197
380
-
-
total
197
380
-
-
Dividends
787
1 520
-
-
withholding
173
334
-
-
total
173
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
724
714
781
791
After tax
1 176
1 186
1 119
1 109
Living cost
511
511
511
511
Free-cash
665
675
608
598

Estimated living cost  is €511 per week

€347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
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.
€108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
€1309
€1225
€455
€596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
microenterprise
-
-
-
-
income
-
-
-
362
surtax
-
-
-
484
social contributions

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

-
-
-
388
total
-
-
-
1 234
Employee
296
-
1 450
-
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
-
-
210
-
income
53
-
300
-
total
86
-
643
-
Employer
296
-
1 450
-
social contributions

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

71
-
291
-
surtax
-
-
159
-
total
71
-
450
-
Corporate
1 533
1 900
-
-
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%.

307
380
-
-
total
307
380
-
-
Dividends

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

1 226
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
464
380
1 093
1 234
After tax
1 436
1 520
807
666
Living cost
211
211
211
211
Free-cash
1 225
1 309
596
455

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
€517
€455
€616
€774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
615
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
859
Employee
865
865
1 712
-
health
133
113
125
-
income

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

142
142
268
-
pensions
156
119
119
-
total
431
374
512
-
Employer
865
865
1 712
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
894
883
-
-
income
179
177
-
-
total
179
177
-
-
Dividends
715
706
-
-
income
152
150
-
-
withholding
107
106
-
-
total
259
256
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 020
958
701
859
After tax
880
942
1 199
1 041
Living cost
425
425
425
425
Free-cash
455
517
774
616

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
€646
€638
€573
€563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
493
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
194
total
-
-
-
936
Employee
557
-
1 631
-
municipal
166
-
486
-
national
-
-
189
-
total
166
-
675
-
Employer
557
-
1 631
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 168
1 900
-
-
income
257
418
-
-
total
257
418
-
-
Dividends
911
1 482
-
-
withholding
273
445
-
-
total
273
445
-
-
Income
1 900
1 900
1 900
1 900
Total tax
871
863
946
936
After tax
1 029
1 037
954
964
Living cost
391
391
391
391
Free-cash
638
646
563
573

Estimated living cost  is €391 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€550
€693
€565
€800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
trade
-
-
-
235
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.

-
-
-
600
health

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

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

-
-
-
69
surtax

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

-
-
-
33
total
-
-
-
937
Employee

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

514
-
1 900
-
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
-
33
-
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
-
600
-
total
115
-
702
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 386
1 900
-
-
surtax

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

11
16
-
-
income
208
285
-
-
trade
228
313
-
-
chamber of commerce
4
4
-
-
total
451
618
-
-
Dividends
935
1 283
-
-
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
17
-
-
withholding
230
317
-
-
total
243
334
-
-
Income
1 900
1 900
1 900
1 900
Total tax
809
952
702
937
After tax
1 091
948
1 198
963
Living cost
398
398
398
398
Free-cash
693
550
800
565

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
€1057
€1014
€964
€948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
395
health
-
-
-
48
social contributions
-
-
-
164
total
-
-
-
607
Employee
779
779
1 780
-
social contributions
38
65
87
-
health
8
13
30
-
income
82
72
386
-
total
128
150
503
-
Employer
779
779
1 780
-
social contributions
38
65
87
-
health
8
14
33
-
total
46
79
120
-
Corporate
1 398
1 042
-
-
income
175
130
-
-
total
175
130
-
-
Dividends
1 223
911
-
-
withholding
208
155
-
-
total
208
155
-
-
Income
1 900
1 900
1 900
1 900
Total tax
557
514
623
607
After tax
1 343
1 386
1 277
1 293
Living cost
329
329
329
329
Free-cash
1 014
1 057
948
964

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
€882
€887
€1132
€918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
232
pensions
-
-
-
190
unemployment
-
-
-
29
health
-
-
-
133
total
-
-
-
584
Employee

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

The minimum wage is 138,000 HUF per month.

266
106
1 590
-
health
19
7
111
-
income
33
13
194
-
pensions
27
11
159
-
unemployment
4
2
24
-
total
83
33
488
-
Employer

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

The minimum wage is 138,000 HUF per month.

266
106
1 590
-
pensions
52
21
310
-
total
52
21
310
-
Corporate
1 582
1 773
-
-
income
142
160
-
-
total
142
160
-
-
Dividends
1 439
1 614
-
-
social contributions
279
313
-
-
withholding
273
307
-
-
total
552
620
-
-
Income
1 900
1 900
1 900
1 900
Total tax
829
834
798
584
After tax
1 071
1 066
1 102
1 316
Living cost
184
184
184
184
Free-cash
887
882
918
1 132

Estimated living cost  is €184 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€1275
€1212
€773
€850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
255
pensions
-
-
-
380
health
-
-
-
247
total
-
-
-
882
Employee
287
-
1 420
-
income
32
-
274
-
pensions
6
-
28
-
unemployment
5
-
23
-
total
43
-
325
-
Employer
287
-
1 420
-
unemployment
2
-
11
-
pensions
58
-
284
-
health
37
-
185
-
total
97
-
480
-
Corporate
1 515
1 900
-
-
income
303
380
-
-
total
303
380
-
-
Dividends
1 212
1 520
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
443
380
805
882
After tax
1 457
1 520
1 095
1 018
Living cost
245
245
245
245
Free-cash
1 212
1 275
850
773

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
-€67
€119
€1076
€814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
532
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
603
Employee
347
-
1 719
-
health
40
-
197
-
income
48
-
409
-
pensions
39
-
77
-
total
127
-
683
-
Employer
347
-
1 719
-
accident
6
-
29
-
unemployment
9
-
42
-
pensions
56
-
111
-
total
71
-
182
-
Corporate
1 482
1 900
-
-
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.

1 334
1 710
-
-
total
1 334
1 710
-
-
Dividends
148
190
-
-
withholding
28
36
-
-
total
28
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 560
1 746
865
603
After tax
340
154
1 035
1 297
Living cost
221
221
221
221
Free-cash
119
-67
814
1 076

Estimated living cost  is €221 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1713
€1696
€1789
€1428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
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
116
-
1 900
-
income
23
-
380
-
total
23
-
380
-
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%.

1 784
1 900
-
-
total
-
-
-
-
Dividends
1 784
1 900
-
-
withholding
89
95
-
-
total
89
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
112
95
380
19
After tax
1 788
1 805
1 520
1 881
Living cost
92
92
92
92
Free-cash
1 696
1 713
1 428
1 789

Estimated living cost  is €92 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€1126
€1057
€815
€805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
304
pensions

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

-
-
-
370
other
-
-
-
73
health
-
-
-
68
total
-
-
-
815
Employee
368
-
1 518
-
health
5
-
21
-
income
63
-
301
-
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
-
106
-
unemployment
4
-
15
-
total
98
-
443
-
Employer
368
-
1 518
-
accident
3
-
12
-
other
18
-
76
-
unemployment
4
-
15
-
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
-
258
-
health
5
-
21
-
total
93
-
382
-
Corporate
1 439
1 900
-
-
income
302
399
-
-
total
302
399
-
-
Dividends
1 137
1 501
-
-
withholding
80
105
-
-
total
80
105
-
-
Income
1 900
1 900
1 900
1 900
Total tax
573
504
825
815
After tax
1 327
1 396
1 075
1 085
Living cost
270
270
270
270
Free-cash
1 057
1 126
805
815

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
€549
€600
€568
€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
-
-
-
1 900
income
-
-
-
554
pensions
-
-
-
94
total
-
-
-
648
Employee
968
-
1 659
-
health
16
-
24
-
income
174
-
439
-
pensions
93
-
115
-
total
283
-
578
-
Employer
968
-
1 659
-
pensions
114
-
210
-
health
18
-
32
-
total
132
-
242
-
Corporate
800
1 900
-
-
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.

152
361
-
-
total
152
361
-
-
Dividends
648
1 539
-
-
withholding
49
306
-
-
total
49
306
-
-
Income
1 900
1 900
1 900
1 900
Total tax
616
667
820
648
After tax
1 284
1 233
1 080
1 252
Living cost
684
684
684
684
Free-cash
600
549
396
568

Estimated living cost  is €684 per week

€512
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.
€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

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
€1491
€1445
€1388
€1464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
379
Employee
176
-
1 831
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
183
-
pensions

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

15
-
31
-
total
43
-
234
-
Employer
176
-
1 831
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 689
1 900
-
-
income
169
190
-
-
total
169
190
-
-
Dividends
1 521
1 710
-
-
withholding
76
86
-
-
total
76
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
322
276
303
379
After tax
1 578
1 624
1 597
1 521
Living cost
133
133
133
133
Free-cash
1 445
1 491
1 464
1 388

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
€380
€406
€479
€637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
615
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
859
Employee
940
865
1 712
-
health
117
113
125
-
income

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

142
142
268
-
pensions
119
119
119
-
total
378
374
512
-
Employer
940
865
1 712
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
796
883
-
-
income
159
177
-
-
total
159
177
-
-
Dividends
637
706
-
-
income
135
150
-
-
withholding
96
106
-
-
total
231
256
-
-
Income
1 900
1 900
1 900
1 900
Total tax
932
958
701
859
After tax
968
942
1 199
1 041
Living cost
562
562
562
562
Free-cash
406
380
637
479

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
€1065
€979
€849
€771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
194
health
-
-
-
257
solidarity contribution
-
-
-
7
social contributions
-
-
-
350
total
-
-
-
808
Employee
357
-
1 469
-
social contributions
23
-
78
-
health
48
-
198
-
solidarity contribution
-
-
-
-
income
43
-
179
-
total
114
-
455
-
Employer
357
-
1 469
-
social contributions
89
-
299
-
health
32
-
132
-
total
121
-
431
-
Corporate
1 421
1 900
-
-
income
270
361
-
-
total
270
361
-
-
Dividends
1 151
1 539
-
-
withholding
173
231
-
-
total
173
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
678
592
886
808
After tax
1 222
1 308
1 014
1 092
Living cost
243
243
243
243
Free-cash
979
1 065
771
849

Estimated living cost  is €243 per week

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

Source of data for Brno model

Close
Milan , Italy
€586
€533
€473
€387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
11
regional
-
-
-
23
national
-
-
-
476
social contributions
-
-
-
489
total
-
-
-
999
Employee
901
-
1 900
-
social contributions
304
-
641
-
regional
8
-
20
-
municipal
5
-
10
-
national
156
-
414
-
total
473
-
1 085
-
Employer
901
-
1 900
-
total
-
-
-
-
Corporate
999
1 900
-
-
nationa
240
456
-
-
municipal
39
74
-
-
total
279
530
-
-
Dividends
721
1 370
-
-
withholding
187
356
-
-
total
187
356
-
-
Income
1 900
1 900
1 900
1 900
Total tax
939
886
1 085
999
After tax
961
1 014
815
901
Living cost
428
428
428
428
Free-cash
533
586
387
473

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
€971
€939
€674
€612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
547
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
87
total
-
-
-
1 002
Employee
335
-
1 615
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
75
-
income
56
-
486
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
779
-
Employer
335
-
1 615
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 494
1 900
-
-
income
389
494
-
-
total
389
494
-
-
Dividends
1 106
1 406
-
-
withholding
166
211
-
-
total
166
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
737
705
1 064
1 002
After tax
1 163
1 195
836
898
Living cost
224
224
224
224
Free-cash
939
971
612
674

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
€766
€834
€785
€613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
554
pensions
-
-
-
94
total
-
-
-
648
Employee
648
-
1 659
-
health
9
-
24
-
income
117
-
439
-
pensions
55
-
115
-
total
181
-
578
-
Employer
648
-
1 659
-
pensions
70
-
210
-
health
12
-
32
-
total
82
-
242
-
Corporate
1 169
1 900
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

222
361
-
-
total
222
361
-
-
Dividends
947
1 539
-
-
withholding
114
306
-
-
total
114
306
-
-
Income
1 900
1 900
1 900
1 900
Total tax
599
667
820
648
After tax
1 301
1 233
1 080
1 252
Living cost
467
467
467
467
Free-cash
834
766
613
785

Estimated living cost  is €467 per week

€350
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
€96
€427
€756
€671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
city
-
-
-
20
pensions
-
-
-
175
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.

-
-
-
38
regional
-
-
-
98
health
-
-
-
4
national
-
-
-
37
total
-
-
-
372
Employee
904
-
1 701
-
city
10
-
18
-
regional
30
-
85
-
health
2
-
4
-
pensions
76
-
142
-
unemployment
-
-
-
-
national
4
-
28
-
total
122
-
277
-
Employer
904
-
1 701
-
other

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

18
-
34
-
unemployment
-
-
-
-
pensions
76
-
142
-
health
2
-
4
-
total
96
-
180
-
Corporate
890
1 900
-
-
regional
188
402
-
-
national
76
162
-
-
total
264
564
-
-
Dividends
626
1 337
-
-
withholding
219
468
-
-
total
219
468
-
-
Income
1 900
1 900
1 900
1 900
Total tax
701
1 032
457
372
After tax
1 199
868
1 443
1 528
Living cost
772
772
772
772
Free-cash
427
96
671
756

Estimated living cost  is €772 per week

€502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€475
€638
€489
€734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
trade
-
-
-
245
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.

-
-
-
600
health

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

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

-
-
-
69
surtax

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

-
-
-
33
total
-
-
-
947
Employee

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

609
-
1 900
-
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
-
33
-
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
-
600
-
total
145
-
702
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 291
1 900
-
-
surtax

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

11
16
-
-
income
194
285
-
-
trade
221
326
-
-
chamber of commerce
3
4
-
-
total
429
631
-
-
Dividends
862
1 269
-
-
surtax

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

12
17
-
-
withholding
212
313
-
-
total
224
330
-
-
Income
1 900
1 900
1 900
1 900
Total tax
798
961
702
947
After tax
1 102
939
1 198
953
Living cost
464
464
464
464
Free-cash
638
475
734
489

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
€611
€670
€722
€685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
306
pensions
-
-
-
328
other
-
-
-
59
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
54
total
-
-
-
831
Employee
434
-
1 466
-
social contributions
12
-
42
-
surtax
-
-
-
-
income
26
-
289
-
pensions
49
-
104
-
total
87
-
435
-
Employer
434
-
1 466
-
other
15
-
58
-
social contributions
1
-
4
-
unemployment
18
-
59
-
pensions
71
-
174
-
health
30
-
138
-
total
135
-
433
-
Corporate
1 331
1 900
-
-
surtax
-
-
-
-
income
373
532
-
-
total
373
532
-
-
Dividends
958
1 368
-
-
surtax
-
-
-
-
social contributions
165
235
-
-
withholding
123
175
-
-
total
288
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
883
942
868
831
After tax
1 017
958
1 032
1 069
Living cost
347
347
347
347
Free-cash
670
611
685
722

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
€646
€702
€757
€720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
306
pensions
-
-
-
328
other
-
-
-
59
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
54
total
-
-
-
831
Employee
387
-
1 466
-
social contributions
11
-
42
-
surtax
-
-
-
-
income
20
-
289
-
pensions
44
-
104
-
total
75
-
435
-
Employer
387
-
1 466
-
other
13
-
58
-
social contributions
1
-
4
-
unemployment
16
-
59
-
pensions
64
-
174
-
health
27
-
138
-
total
121
-
433
-
Corporate
1 392
1 900
-
-
surtax
-
-
-
-
income
390
532
-
-
total
390
532
-
-
Dividends
1 002
1 368
-
-
surtax
-
-
-
-
social contributions
172
235
-
-
withholding
128
175
-
-
total
300
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
886
942
868
831
After tax
1 014
958
1 032
1 069
Living cost
312
312
312
312
Free-cash
702
646
720
757

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
€944
€950
€1005
€962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
health
-
-
-
133
social contributions
-
-
-
262
total
-
-
-
680
Employee
344
-
1 900
-
social contributions
47
-
262
-
health
24
-
133
-
income
57
-
328
-
total
128
-
723
-
Employer
344
-
1 900
-
total
-
-
-
-
Corporate
1 556
1 900
-
-
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%.

78
95
-
-
total
78
95
-
-
Dividends
1 479
1 805
-
-
health
103
126
-
-
social contributions
204
249
-
-
withholding
222
271
-
-
total
529
646
-
-
Income
1 900
1 900
1 900
1 900
Total tax
735
741
723
680
After tax
1 165
1 159
1 177
1 220
Living cost
215
215
215
215
Free-cash
950
944
962
1 005

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
€694
€677
€618
€144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
chamber of commerce
-
-
-
8
income
-
-
-
543
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
925
Employee
506
404
1 532
-
other
5
4
12
-
health
20
16
46
-
income
58
30
442
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
657
-
Employer
506
404
1 532
-
accident
7
5
15
-
other
24
19
70
-
chamber of commerce
2
2
6
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
46
-
health
19
15
45
-
total
148
118
369
-
Corporate
1 246
1 378
1 493
-
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.

311
344
373
-
total
311
344
373
-
Dividends
934
1 033
-
-
withholding
257
284
-
-
total
257
284
-
-
Income
1 900
1 900
1 900
1 900
Total tax
866
849
1 399
925
After tax
1 034
1 051
501
975
Living cost
357
357
357
357
Free-cash
677
694
144
618

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
€692
€540
€454
€294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
national
-
-
-
724
communal

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

-
-
-
99
social contributions
-
-
-
253
total
-
-
-
1 076
Employee

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

725
-
1 472
-
communal

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

38
-
77
-
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
-
69
-
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
-
110
-
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
-
13
-
national
223
-
540
-
total
355
-
809
-
Employer

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

725
-
1 472
-
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
-
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
-
surtax
82
-
167
-
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
-
130
-
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
-
90
-
total
211
-
427
-
Corporate
964
1 900
-
-
surtax
4
8
-
-
income
193
380
-
-
total
197
388
-
-
Dividends
767
1 512
-
-
withholding

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

227
450
-
-
total
227
450
-
-
Income
1 900
1 900
1 900
1 900
Total tax
990
838
1 236
1 076
After tax
910
1 062
664
824
Living cost
370
370
370
370
Free-cash
540
692
294
454

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
€899
€830
€699
€655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
8
income
-
-
-
553
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
835
Employee
504
-
1 601
-
other
-
-
1
-
income
106
-
518
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
578
-
Employer
504
-
1 601
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 235
1 900
-
-
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.

185
285
-
-
total
185
285
-
-
Dividends
1 050
1 615
-
-
withholding
220
350
-
-
total
220
350
-
-
Income
1 900
1 900
1 900
1 900
Total tax
704
635
879
835
After tax
1 196
1 265
1 021
1 065
Living cost
366
366
366
366
Free-cash
830
899
655
699

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
€553
€420
€375
€450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
16
income
-
-
-
325
pensions
-
-
-
285
health
-
-
-
134
surtax
-
-
-
94
communal
-
-
-
120
total
-
-
-
974
Employee
767
-
1 697
-
health
34
-
76
-
surtax
47
-
104
-
income
74
-
380
-
pensions
61
-
136
-
total
216
-
696
-
Employer
767
-
1 697
-
accident
7
-
15
-
pensions
61
-
136
-
health
23
-
52
-
total
91
-
203
-
Corporate
1 041
1 900
-
-
surtax
11
20
-
-
communal
70
128
-
-
income
156
285
-
-
total
237
433
-
-
Dividends
804
1 467
-
-
income
264
143
-
-
withholding
121
220
-
-
total
385
363
-
-
Income
1 900
1 900
1 900
1 900
Total tax
929
796
899
974
After tax
971
1 104
1 001
926
Living cost
551
551
551
551
Free-cash
420
553
450
375

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
€967
€933
€670
€608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
547
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
87
total
-
-
-
1 002
Employee
341
-
1 615
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
75
-
income
57
-
486
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
779
-
Employer
341
-
1 615
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 487
1 900
-
-
income
387
494
-
-
total
387
494
-
-
Dividends
1 100
1 406
-
-
withholding
165
211
-
-
total
165
211
-
-
Income
1 900
1 900
1 900
1 900
Total tax
739
705
1 064
1 002
After tax
1 161
1 195
836
898
Living cost
228
228
228
228
Free-cash
933
967
608
670

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
€726
€703
€622
€536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
11
regional
-
-
-
29
national
-
-
-
476
social contributions
-
-
-
489
total
-
-
-
1 005
Employee
562
-
1 900
-
social contributions
190
-
641
-
regional
8
-
26
-
municipal
3
-
10
-
national
89
-
414
-
total
290
-
1 091
-
Employer
562
-
1 900
-
total
-
-
-
-
Corporate
1 338
1 900
-
-
nationa
321
456
-
-
municipal
66
94
-
-
total
387
550
-
-
Dividends
950
1 350
-
-
withholding
247
351
-
-
total
247
351
-
-
Income
1 900
1 900
1 900
1 900
Total tax
924
901
1 091
1 005
After tax
976
999
809
895
Living cost
273
273
273
273
Free-cash
703
726
536
622

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
€1009
€902
€793
€715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
194
health
-
-
-
257
solidarity contribution
-
-
-
7
social contributions
-
-
-
350
total
-
-
-
808
Employee
440
-
1 469
-
social contributions
29
-
78
-
health
59
-
198
-
solidarity contribution
-
-
-
-
income
53
-
179
-
total
141
-
455
-
Employer
440
-
1 469
-
social contributions
110
-
299
-
health
40
-
132
-
total
150
-
431
-
Corporate
1 310
1 900
-
-
income
249
361
-
-
total
249
361
-
-
Dividends
1 061
1 539
-
-
withholding
159
231
-
-
total
159
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
699
592
886
808
After tax
1 201
1 308
1 014
1 092
Living cost
299
299
299
299
Free-cash
902
1 009
715
793

Estimated living cost  is €299 per week

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

Source of data for Prague model

Close
Graz , Austria
€728
€725
€654
€178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
chamber of commerce
-
-
-
8
income
-
-
-
543
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
923
Employee
443
404
1 534
-
other
4
4
12
-
health
17
16
46
-
income
39
30
443
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
658
-
Employer
443
404
1 534
-
accident
6
5
15
-
other
21
19
70
-
chamber of commerce
2
2
6
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
46
-
health
17
15
45
-
total
128
116
367
-
Corporate
1 330
1 380
1 495
-
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.

332
345
374
-
total
332
345
374
-
Dividends
997
1 035
-
-
withholding
274
285
-
-
total
274
285
-
-
Income
1 900
1 900
1 900
1 900
Total tax
852
849
1 399
923
After tax
1 048
1 051
501
977
Living cost
323
323
323
323
Free-cash
725
728
178
654

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
€1661
€1634
€1737
€1376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 900
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
180
-
1 900
-
income
36
-
380
-
total
36
-
380
-
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%.

1 720
1 900
-
-
total
-
-
-
-
Dividends
1 720
1 900
-
-
withholding
86
95
-
-
total
86
95
-
-
Income
1 900
1 900
1 900
1 900
Total tax
122
95
380
19
After tax
1 778
1 805
1 520
1 881
Living cost
144
144
144
144
Free-cash
1 634
1 661
1 376
1 737

Estimated living cost  is €144 per week

€98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
€1036
€951
€650
€600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 900
income
-
-
-
441
pensions
-
-
-
347
unemployment
-
-
-
3
health
-
-
-
187
total
-
-
-
978
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
-
1 644
-
health
29
-
106
-
income
77
-
409
-
pensions
69
-
255
-
unemployment
1
-
2
-
total
176
-
772
-
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
-
1 644
-
unemployment
-
-
1
-
pensions
40
-
146
-
health
30
-
109
-
total
70
-
256
-
Corporate
1 382
1 900
-
-
income
263
361
-
-
total
263
361
-
-
Dividends
1 120
1 539
-
-
withholding
168
231
-
-
total
168
231
-
-
Income
1 900
1 900
1 900
1 900
Total tax
677
592
1 028
978
After tax
1 223
1 308
872
922
Living cost
272
272
272
272
Free-cash
951
1 036
600
650

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
€717
€233
€874
€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
-
-
-
1 900
income
-
-
-
370
social contributions
-
-
-
217
total
-
-
-
587
Employee
630
-
-
-
social contributions
52
-
7
-
income
139
-
-
-
total
191
-
7
-
Employer
630
-
-
-
social contributions
888
-
127
-
total
888
-
127
-
Corporate
381
1 900
-
-
income
84
418
-
-
total
84
418
-
-
Dividends
298
1 482
-
-
income
65
326
-
-
total
65
326
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 228
744
134
587
After tax
672
1 156
1 766
1 313
Living cost
439
439
439
439
Free-cash
233
717
1 327
874

Estimated living cost  is €439 per week

€285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€763
€752
€692
€548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
230
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
890
Employee
466
-
1 535
-
social contributions
51
-
169
-
surtax
-
-
-
-
income
97
-
500
-
total
148
-
669
-
Employer
466
-
1 535
-
social contributions
111
-
365
-
total
111
-
365
-
Corporate
1 323
1 900
-
-
surtax
-
-
-
-
income
278
399
-
-
total
278
399
-
-
Dividends
1 045
1 501
-
-
withholding
293
420
-
-
total
293
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
830
819
1 034
890
After tax
1 070
1 081
866
1 010
Living cost
318
318
318
318
Free-cash
752
763
548
692

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
€469
€539
€580
€543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
306
pensions
-
-
-
328
other
-
-
-
59
health
-
-
-
84
surtax
-
-
-
-
social contributions
-
-
-
54
total
-
-
-
831
Employee
635
-
1 466
-
social contributions
18
-
42
-
surtax
-
-
-
-
income
55
-
289
-
pensions
72
-
104
-
total
145
-
435
-
Employer
635
-
1 466
-
other
22
-
58
-
social contributions
2
-
4
-
unemployment
26
-
59
-
pensions
104
-
174
-
health
44
-
138
-
total
198
-
433
-
Corporate
1 067
1 900
-
-
surtax
-
-
-
-
income
299
532
-
-
total
299
532
-
-
Dividends
768
1 368
-
-
surtax
-
-
-
-
social contributions
132
235
-
-
withholding
98
175
-
-
total
230
410
-
-
Income
1 900
1 900
1 900
1 900
Total tax
872
942
868
831
After tax
1 028
958
1 032
1 069
Living cost
489
489
489
489
Free-cash
539
469
543
580

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
€1405
€1372
€1090
€1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
87
social contributions
-
-
-
418
total
-
-
-
505
Employee
326
-
1 645
-
income
-
-
92
-
social contributions
21
-
107
-
total
21
-
199
-
Employer
326
-
1 645
-
social contributions
50
-
255
-
total
50
-
255
-
Corporate
1 524
1 900
-
-
income
152
190
-
-
total
152
190
-
-
Dividends
1 371
1 710
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
223
190
454
505
After tax
1 677
1 710
1 446
1 395
Living cost
305
305
305
305
Free-cash
1 372
1 405
1 141
1 090

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
-€309
-€309
€626
-€309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
399
pensions
-
-
-
9
national
-
-
-
227
labour market
-
-
-
151
total
-
-
-
786
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 721
1 721
1 721
786
After tax
179
179
179
1 114
Living cost
488
488
488
488
Free-cash
-309
-309
-309
626

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
-€64
€120
€1079
€817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
532
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
603
Employee
342
-
1 719
-
health
39
-
197
-
income
47
-
409
-
pensions
39
-
77
-
total
125
-
683
-
Employer
342
-
1 719
-
accident
6
-
29
-
unemployment
8
-
42
-
pensions
56
-
111
-
total
70
-
182
-
Corporate
1 488
1 900
-
-
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.

1 339
1 710
-
-
total
1 339
1 710
-
-
Dividends
149
190
-
-
withholding
28
36
-
-
total
28
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 562
1 746
865
603
After tax
338
154
1 035
1 297
Living cost
218
218
218
218
Free-cash
120
-64
817
1 079

Estimated living cost  is €218 per week

€158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€795
€823
€819
€602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 900
municipal
-
-
-
338
health
-
-
-
25
national
-
-
-
329
total
-
-
-
692
Employee
533
-
1 598
-
health
4
-
20
-
municipal
87
-
260
-
pensions
36
-
108
-
unemployment
8
-
24
-
national
9
-
196
-
total
144
-
608
-
Employer
533
-
1 598
-
accident
1
-
2
-
unemployment
3
-
10
-
pensions
92
-
277
-
health
4
-
12
-
total
100
-
301
-
Corporate
1 266
1 900
-
-
income
253
380
-
-
total
253
380
-
-
Dividends

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

760
1 140
-
-
national
54
131
-
-
municipal
137
205
-
-
total
191
336
-
-
Income
1 900
1 900
1 900
1 900
Total tax
688
716
909
692
After tax
1 212
1 184
991
1 208
Living cost
389
389
389
389
Free-cash
823
795
602
819

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
€1151
€1096
€1058
€1042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
395
health
-
-
-
48
social contributions
-
-
-
164
total
-
-
-
607
Employee
779
779
1 780
-
social contributions
29
65
87
-
health
6
13
30
-
income
85
72
386
-
total
120
150
503
-
Employer
779
779
1 780
-
social contributions
29
65
87
-
health
7
14
33
-
total
36
79
120
-
Corporate
1 509
1 042
-
-
income
189
130
-
-
total
189
130
-
-
Dividends
1 320
911
-
-
withholding
224
155
-
-
total
224
155
-
-
Income
1 900
1 900
1 900
1 900
Total tax
569
514
623
607
After tax
1 331
1 386
1 277
1 293
Living cost
235
235
235
235
Free-cash
1 096
1 151
1 042
1 058

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
€1412
€1360
€1444
€1240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 900
income
-
-
-
194
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
295
Employee

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

233
-
1 801
-
health
20
-
82
-
income
16
-
169
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
400
-
Employer

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

233
-
1 801
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 643
1 900
-
-
income
148
171
-
-
total
148
171
-
-
Dividends
1 496
1 729
-
-
withholding
135
156
-
-
total
135
156
-
-
Income
1 900
1 900
1 900
1 900
Total tax
379
327
499
295
After tax
1 521
1 573
1 401
1 605
Living cost
161
161
161
161
Free-cash
1 360
1 412
1 240
1 444

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
€986
€942
€786
€742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
8
income
-
-
-
553
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
835
Employee
375
-
1 601
-
other
-
-
1
-
income
72
-
518
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
578
-
Employer
375
-
1 601
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 406
1 900
-
-
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.

211
285
-
-
total
211
285
-
-
Dividends
1 195
1 615
-
-
withholding
253
350
-
-
total
253
350
-
-
Income
1 900
1 900
1 900
1 900
Total tax
679
635
879
835
After tax
1 221
1 265
1 021
1 065
Living cost
279
279
279
279
Free-cash
942
986
742
786

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
€1158
€1153
€1191
€1189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
646
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
681
Employee
42
-
1 877
-
health
2
-
5
-
income
8
-
645
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
660
-
Employer
42
-
1 877
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 848
1 900
-
-
income
407
418
-
-
total
407
418
-
-
Dividends
1 442
1 482
-
-
withholding
288
296
-
-
total
288
296
-
-
Income
1 900
1 900
1 900
1 900
Total tax
719
714
683
681
After tax
1 181
1 186
1 217
1 219
Living cost
28
28
28
28
Free-cash
1 153
1 158
1 189
1 191

Estimated living cost  is €28 per week

€17
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€8
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€1198
€1147
€1009
€1007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
433
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
716
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
-
1 766
-
health
14
-
39
-
income
36
-
433
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
583
-
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
-
1 766
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 588
1 900
-
-
income
238
285
-
-
total
238
285
-
-
Dividends
1 350
1 615
-
-
withholding
203
242
-
-
total
203
242
-
-
Income
1 900
1 900
1 900
1 900
Total tax
578
527
718
716
After tax
1 322
1 373
1 182
1 184
Living cost
175
175
175
175
Free-cash
1 147
1 198
1 007
1 009

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
€808
€804
€737
€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

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.

-
-
-
1 900
income
-
-
-
230
surtax
-
-
-
-
social contributions

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

-
-
-
660
total
-
-
-
890
Employee
393
-
1 535
-
social contributions
43
-
169
-
surtax
-
-
-
-
income
77
-
500
-
total
120
-
669
-
Employer
393
-
1 535
-
social contributions
93
-
365
-
total
93
-
365
-
Corporate
1 413
1 900
-
-
surtax
-
-
-
-
income
297
399
-
-
total
297
399
-
-
Dividends
1 116
1 501
-
-
withholding
313
420
-
-
total
313
420
-
-
Income
1 900
1 900
1 900
1 900
Total tax
823
819
1 034
890
After tax
1 077
1 081
866
1 010
Living cost
273
273
273
273
Free-cash
804
808
593
737

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
€909
€842
€709
€665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
8
income
-
-
-
553
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
835
Employee
489
-
1 601
-
other
-
-
1
-
income
102
-
518
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
578
-
Employer
489
-
1 601
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 255
1 900
-
-
income

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

188
285
-
-
total
188
285
-
-
Dividends
1 066
1 615
-
-
withholding
224
350
-
-
total
224
350
-
-
Income
1 900
1 900
1 900
1 900
Total tax
702
635
879
835
After tax
1 198
1 265
1 021
1 065
Living cost
356
356
356
356
Free-cash
842
909
665
709

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
€1450
€1389
€1347
€1423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
285
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
379
Employee
231
-
1 831
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
183
-
pensions

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

20
-
31
-
total
57
-
234
-
Employer
231
-
1 831
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
1 624
1 900
-
-
income
162
190
-
-
total
162
190
-
-
Dividends
1 461
1 710
-
-
withholding
73
86
-
-
total
73
86
-
-
Income
1 900
1 900
1 900
1 900
Total tax
337
276
303
379
After tax
1 563
1 624
1 597
1 521
Living cost
174
174
174
174
Free-cash
1 389
1 450
1 423
1 347

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
€586
€720
€602
€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

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

-
-
-
1 900
trade
-
-
-
205
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.

-
-
-
600
health

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

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

-
-
-
69
surtax

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

-
-
-
33
total
-
-
-
907
Employee

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

504
-
1 900
-
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
-
33
-
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
-
600
-
total
112
-
702
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 396
1 900
-
-
surtax

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

12
16
-
-
income
209
285
-
-
trade
200
273
-
-
chamber of commerce
4
4
-
-
total
425
578
-
-
Dividends
971
1 322
-
-
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
-
-
withholding
239
327
-
-
total
252
345
-
-
Income
1 900
1 900
1 900
1 900
Total tax
789
923
702
907
After tax
1 111
977
1 198
993
Living cost
391
391
391
391
Free-cash
720
586
807
602

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
€753
€775
€411
€411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
592
social contributions
-
-
-
320
total
-
-
-
912
Employee
793
-
1 900
-
income
150
-
592
-
social contributions
66
-
320
-
total
216
-
912
-
Employer
793
-
1 900
-
total
-
-
-
-
Corporate
1 107
1 900
-
-
income
138
238
-
-
total
138
238
-
-
Dividends
969
1 662
-
-
withholding
194
332
-
-
total
194
332
-
-
Income
1 900
1 900
1 900
1 900
Total tax
548
570
912
912
After tax
1 352
1 330
988
988
Living cost
577
577
577
577
Free-cash
775
753
411
411

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
€813
€848
€1176
€975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 900
income
-
-
-
288
health

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

-
-
-
68
total
-
-
-
356
Employee
465
-
1 853
-
income
50
-
463
-
social contributions
47
-
47
-
total
97
-
510
-
Employer
465
-
1 853
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 389
1 900
-
-
income
486
665
-
-
total
486
665
-
-
Dividends
903
1 235
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 900
1 900
1 900
1 900
Total tax
684
719
557
356
After tax
1 216
1 181
1 343
1 544
Living cost
368
368
368
368
Free-cash
848
813
975
1 176

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
€853
€913
€872
€700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
income
-
-
-
554
pensions
-
-
-
94
total
-
-
-
648
Employee
521
-
1 659
-
health
7
-
24
-
income
95
-
439
-
pensions
40
-
115
-
total
142
-
578
-
Employer
521
-
1 659
-
pensions
53
-
210
-
health
10
-
32
-
total
63
-
242
-
Corporate
1 316
1 900
-
-
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.

250
361
-
-
total
250
361
-
-
Dividends
1 066
1 539
-
-
withholding
152
306
-
-
total
152
306
-
-
Income
1 900
1 900
1 900
1 900
Total tax
607
667
820
648
After tax
1 293
1 233
1 080
1 252
Living cost
380
380
380
380
Free-cash
913
853
700
872

Estimated living cost  is €380 per week

€261
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.
€80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-€85
€119
€1058
€796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
accident
-
-
-
3
income
-
-
-
532
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
603
Employee
376
-
1 719
-
health
43
-
197
-
income
52
-
409
-
pensions
42
-
77
-
total
137
-
683
-
Employer
376
-
1 719
-
accident
6
-
29
-
unemployment
9
-
42
-
pensions
61
-
111
-
total
76
-
182
-
Corporate
1 447
1 900
-
-
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.

1 302
1 710
-
-
total
1 302
1 710
-
-
Dividends
145
190
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
1 900
1 900
1 900
1 900
Total tax
1 542
1 746
865
603
After tax
358
154
1 035
1 297
Living cost
239
239
239
239
Free-cash
119
-85
796
1 058

Estimated living cost  is €239 per week

€175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1317
€1414
€1003
€1225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 900
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
315
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
760
Employee

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

219
-
1 900
-
work injury
1
-
4
-
income
22
-
315
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
538
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 681
1 900
-
-
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%.

17
190
-
-
total
17
190
-
-
Dividends
1 664
1 710
-
-
withholding
250
256
-
-
total
250
256
-
-
Income
1 900
1 900
1 900
1 900
Total tax
349
446
538
760
After tax
1 551
1 454
1 362
1 140
Living cost
137
137
137
137
Free-cash
1 414
1 317
1 225
1 003

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
€596
€551
€474
€391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 900
municipal
-
-
-
13
regional
-
-
-
44
national
-
-
-
476
social contributions
-
-
-
489
total
-
-
-
1 022
Employee
854
-
1 900
-
social contributions
288
-
641
-
regional
13
-
39
-
municipal
5
-
11
-
national
144
-
414
-
total
450
-
1 105
-
Employer
854
-
1 900
-
total
-
-
-
-
Corporate
1 046
1 900
-
-
nationa
251
456
-
-
municipal
50
92
-
-
total
301
548
-
-
Dividends
745
1 352
-
-
withholding
194
352
-
-
total
194
352
-
-
Income
1 900
1 900
1 900
1 900
Total tax
945
900
1 105
1 022
After tax
955
1 000
795
878
Living cost
404
404
404
404
Free-cash
551
596
391
474

Estimated living cost  is €404 per week

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

Source of data for Rome model

Close
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Estimated living cost

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