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
€ 1950
per

Your estimated
City
free-cash

Valencia , Spain
€769
€813
€1019
€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
-
-
-
1 950
income
-
-
-
576
accident
-
-
-
8
unemployment
-
-
-
7
pensions
-
-
-
266
other
-
-
-
1
total
-
-
-
858
Employee
375
-
1 651
-
other
-
-
1
-
income
72
-
541
-
unemployment
6
-
15
-
pensions
18
-
44
-
total
96
-
601
-
Employer
375
-
1 651
-
unemployment
21
-
52
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
total
119
-
301
-
Corporate
1 456
1 950
-
-
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.

218
292
-
-
total
218
292
-
-
Dividends
1 237
1 658
-
-
withholding
263
360
-
-
total
263
360
-
-
Income
1 950
1 950
1 950
1 950
Total tax
696
652
902
858
After tax
1 254
1 298
1 048
1 092
Living cost
279
279
279
279
Free-cash
975
1 019
769
813

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
Bratislava , Slovakia
€836
€852
€1162
€1094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
317
health
-
-
-
68
pensions

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

-
-
-
370
other
-
-
-
73
total
-
-
-
828
Employee
368
-
1 562
-
income
63
-
311
-
health
5
-
22
-
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.

26
-
108
-
total
98
-
456
-
Employer
368
-
1 562
-
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
-
262
-
other
18
-
77
-
accident
3
-
12
-
health
5
-
22
-
total
93
-
388
-
Corporate
1 489
1 950
-
-
income
313
410
-
-
total
313
410
-
-
Dividends
1 177
1 540
-
-
withholding
82
108
-
-
total
82
108
-
-
Income
1 950
1 950
1 950
1 950
Total tax
586
518
844
828
After tax
1 364
1 432
1 106
1 122
Living cost
270
270
270
270
Free-cash
1 094
1 162
836
852

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
Varna , Bulgaria
€1509
€1430
€1534
€1488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
293
health
-
-
-
41
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
387
Employee
176
-
1 881
-
income
18
-
188
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
total
43
-
239
-
Employer
176
-
1 881
-
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
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 740
1 950
-
-
income
174
195
-
-
total
174
195
-
-
Dividends
1 566
1 755
-
-
withholding
78
88
-
-
total
78
88
-
-
Income
1 950
1 950
1 950
1 950
Total tax
329
283
308
387
After tax
1 621
1 667
1 642
1 563
Living cost
133
133
133
133
Free-cash
1 488
1 534
1 509
1 430

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
Nice , France
€706
€748
€635
€696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
319
social contributions
-
-
-
56
health
-
-
-
88
surtax
-
-
-
-
pensions
-
-
-
332
other
-
-
-
60
total
-
-
-
855
Employee
434
-
1 502
-
income
26
-
299
-
social contributions
12
-
43
-
surtax
-
-
-
-
pensions
49
-
107
-
total
87
-
449
-
Employer
434
-
1 502
-
unemployment
18
-
61
-
social contributions
1
-
4
-
pensions
71
-
180
-
other
15
-
60
-
health
30
-
143
-
total
135
-
448
-
Corporate
1 381
1 950
-
-
income
387
546
-
-
surtax
-
-
-
-
total
387
546
-
-
Dividends
994
1 404
-
-
withholding
127
180
-
-
surtax
-
-
-
-
social contributions
171
242
-
-
total
298
422
-
-
Income
1 950
1 950
1 950
1 950
Total tax
907
968
897
855
After tax
1 043
982
1 053
1 095
Living cost
347
347
347
347
Free-cash
696
635
706
748

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
Rotterdam , Netherlands
€810
€640
€542
€481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
641
health
-
-
-
125
pensions
-
-
-
119
total
-
-
-
885
Employee
865
865
1 762
-
income

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

142
142
282
-
health
133
113
125
-
pensions
156
119
119
-
total
431
374
526
-
Employer
865
865
1 762
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
944
933
-
-
income
189
187
-
-
total
189
187
-
-
Dividends
755
746
-
-
withholding
113
112
-
-
income
160
159
-
-
total
273
271
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 044
983
715
885
After tax
906
967
1 235
1 065
Living cost
425
425
425
425
Free-cash
481
542
810
640

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
Dresden , Germany
€919
€686
€677
€789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
621
health

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

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

-
-
-
69
trade
-
-
-
233
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.

-
-
-
34
total
-
-
-
957
Employee

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

388
-
1 950
-
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
-
621
-
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
-
34
-
total
81
-
724
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 562
1 950
-
-
chamber of commerce
4
4
-
-
income
234
292
-
-
surtax

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

13
16
-
-
trade
246
307
-
-
total
497
619
-
-
Dividends
1 065
1 330
-
-
withholding
262
329
-
-
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
-
-
total
276
347
-
-
Income
1 950
1 950
1 950
1 950
Total tax
854
966
724
957
After tax
1 096
984
1 226
993
Living cost
307
307
307
307
Free-cash
789
677
919
686

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.

Larnaca , Cyprus
€1073
€1089
€1188
€1132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
412
social contributions
-
-
-
164
health
-
-
-
50
total
-
-
-
626
Employee
779
779
1 829
-
income
85
72
403
-
social contributions
29
65
87
-
health
6
13
31
-
total
120
150
521
-
Employer
779
779
1 829
-
social contributions
29
65
87
-
health
7
14
34
-
total
36
79
121
-
Corporate
1 559
1 092
-
-
income
195
136
-
-
total
195
136
-
-
Dividends
1 364
955
-
-
withholding
232
162
-
-
total
232
162
-
-
Income
1 950
1 950
1 950
1 950
Total tax
583
527
642
626
After tax
1 367
1 423
1 308
1 324
Living cost
235
235
235
235
Free-cash
1 132
1 188
1 073
1 089

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
Lisbon , Portugal
€568
€715
€791
€781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
income
-
-
-
239
social contributions

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

-
-
-
678
surtax
-
-
-
-
total
-
-
-
917
Employee
466
-
1 576
-
income
97
-
517
-
social contributions
51
-
173
-
surtax
-
-
-
-
total
148
-
690
-
Employer
466
-
1 576
-
social contributions
111
-
374
-
total
111
-
374
-
Corporate
1 373
1 950
-
-
income
288
410
-
-
surtax
-
-
-
-
total
288
410
-
-
Dividends
1 085
1 540
-
-
withholding
304
431
-
-
total
304
431
-
-
Income
1 950
1 950
1 950
1 950
Total tax
851
841
1 064
917
After tax
1 099
1 109
886
1 033
Living cost
318
318
318
318
Free-cash
781
791
568
715

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
Batumi , Georgia
€1484
€1854
€1776
€1762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 950
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
95
-
1 950
-
income
19
-
390
-
total
19
-
390
-
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%.

1 855
1 950
-
-
total
-
-
-
-
Dividends
1 855
1 950
-
-
withholding
93
98
-
-
total
93
98
-
-
Income
1 950
1 950
1 950
1 950
Total tax
112
98
390
20
After tax
1 838
1 852
1 560
1 930
Living cost
76
76
76
76
Free-cash
1 762
1 776
1 484
1 854

Estimated living cost  is €76 per week

€47
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.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€621
€668
€1071
€986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
income
-
-
-
459
health
-
-
-
192
unemployment
-
-
-
3
pensions
-
-
-
356
total
-
-
-
1 010
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
-
1 687
-
income
77
-
422
-
health
29
-
109
-
unemployment
1
-
2
-
pensions
69
-
262
-
total
176
-
795
-
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
-
1 687
-
unemployment
-
-
1
-
pensions
40
-
149
-
health
30
-
112
-
total
70
-
262
-
Corporate
1 432
1 950
-
-
income
272
370
-
-
total
272
370
-
-
Dividends
1 160
1 580
-
-
withholding
174
237
-
-
total
174
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
692
607
1 057
1 010
After tax
1 258
1 343
893
940
Living cost
272
272
272
272
Free-cash
986
1 071
621
668

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
Sliema , Malta
€1008
€1223
€846
€881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
income
-
-
-
292
health

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

-
-
-
67
total
-
-
-
359
Employee
465
-
1 903
-
social contributions
47
-
47
-
income
50
-
480
-
total
97
-
527
-
Employer
465
-
1 903
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 439
1 950
-
-
income
503
682
-
-
total
503
682
-
-
Dividends
935
1 268
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
1 950
1 950
1 950
1 950
Total tax
701
736
574
359
After tax
1 249
1 214
1 376
1 591
Living cost
368
368
368
368
Free-cash
881
846
1 008
1 223

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
Vilnius , Lithuania
€992
€1038
€974
€980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
292
social contributions
-
-
-
269
health
-
-
-
136
total
-
-
-
697
Employee
344
-
1 950
-
income
57
-
338
-
social contributions
47
-
269
-
health
24
-
136
-
total
128
-
743
-
Employer
344
-
1 950
-
total
-
-
-
-
Corporate
1 606
1 950
-
-
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%.

80
98
-
-
total
80
98
-
-
Dividends
1 526
1 852
-
-
withholding
229
278
-
-
health
107
129
-
-
social contributions
211
256
-
-
total
547
663
-
-
Income
1 950
1 950
1 950
1 950
Total tax
755
761
743
697
After tax
1 195
1 189
1 207
1 253
Living cost
215
215
215
215
Free-cash
980
974
992
1 038

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
Prague , Czech Republic
€779
€863
€1064
€966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
204
social contributions
-
-
-
325
solidarity contribution
-
-
-
17
health
-
-
-
263
total
-
-
-
809
Employee
409
-
1 534
-
solidarity contribution
-
-
10
-
income
49
-
188
-
social contributions
27
-
72
-
health
55
-
207
-
total
131
-
477
-
Employer
409
-
1 534
-
social contributions
102
-
278
-
health
37
-
138
-
total
139
-
416
-
Corporate
1 402
1 950
-
-
income
266
371
-
-
total
266
371
-
-
Dividends
1 135
1 579
-
-
withholding
170
237
-
-
total
170
237
-
-
Income
1 950
1 950
1 950
1 950
Total tax
706
608
893
809
After tax
1 244
1 342
1 057
1 141
Living cost
278
278
278
278
Free-cash
966
1 064
779
863

Estimated living cost  is €278 per week

€207
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.
€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
Tbilisi , Georgia
€1442
€1812
€1734
€1712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 950
microenterprise

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

-
-
-
20
total
-
-
-
20
Employee
148
-
1 950
-
income
30
-
390
-
total
30
-
390
-
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%.

1 802
1 950
-
-
total
-
-
-
-
Dividends
1 802
1 950
-
-
withholding
90
98
-
-
total
90
98
-
-
Income
1 950
1 950
1 950
1 950
Total tax
120
98
390
20
After tax
1 830
1 852
1 560
1 930
Living cost
118
118
118
118
Free-cash
1 712
1 734
1 442
1 812

Estimated living cost  is €118 per week

€80
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Paris , France
€564
€606
€493
€564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
319
social contributions
-
-
-
56
health
-
-
-
88
surtax
-
-
-
-
pensions
-
-
-
332
other
-
-
-
60
total
-
-
-
855
Employee
635
-
1 502
-
income
55
-
299
-
social contributions
18
-
43
-
surtax
-
-
-
-
pensions
72
-
107
-
total
145
-
449
-
Employer
635
-
1 502
-
unemployment
26
-
61
-
social contributions
2
-
4
-
pensions
104
-
180
-
other
22
-
60
-
health
44
-
143
-
total
198
-
448
-
Corporate
1 117
1 950
-
-
income
313
546
-
-
surtax
-
-
-
-
total
313
546
-
-
Dividends
804
1 404
-
-
withholding
103
180
-
-
surtax
-
-
-
-
social contributions
138
242
-
-
total
241
422
-
-
Income
1 950
1 950
1 950
1 950
Total tax
897
968
897
855
After tax
1 053
982
1 053
1 095
Living cost
489
489
489
489
Free-cash
564
493
564
606

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
Belgrade , Serbia
€1047
€1048
€1234
€1183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
income
-
-
-
445
health
-
-
-
77
unemployment
-
-
-
11
pensions
-
-
-
194
total
-
-
-
727
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.

263
-
1 816
-
income
36
-
445
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
105
-
total
89
-
594
-
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.

263
-
1 816
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
38
-
total
48
-
134
-
Corporate
1 639
1 950
-
-
income
246
292
-
-
total
246
292
-
-
Dividends
1 393
1 658
-
-
withholding
209
249
-
-
total
209
249
-
-
Income
1 950
1 950
1 950
1 950
Total tax
592
541
728
727
After tax
1 358
1 409
1 222
1 223
Living cost
175
175
175
175
Free-cash
1 183
1 234
1 047
1 048

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
Zurich , Switzerland
€768
€846
€183
€485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
regional
-
-
-
106
national
-
-
-
46
health
-
-
-
4
city
-
-
-
21
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.

-
-
-
39
pensions
-
-
-
179
total
-
-
-
395
Employee
830
-
1 752
-
regional
27
-
94
-
city
9
-
19
-
health
2
-
4
-
unemployment
-
-
-
-
national
4
-
37
-
pensions
70
-
140
-
total
112
-
294
-
Employer
830
-
1 752
-
unemployment
-
-
-
-
pensions
70
-
140
-
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.

17
-
35
-
health
2
-
4
-
total
89
-
179
-
Corporate
1 023
1 950
-
-
regional
216
412
-
-
national
87
166
-
-
total
303
578
-
-
Dividends
719
1 372
-
-
withholding
252
480
-
-
total
252
480
-
-
Income
1 950
1 950
1 950
1 950
Total tax
756
1 058
473
395
After tax
1 194
892
1 477
1 555
Living cost
709
709
709
709
Free-cash
485
183
768
846

Estimated living cost  is €709 per week

€461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€64
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.
€176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
€619
€845
€822
€853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
1 950
municipal
-
-
-
346
national
-
-
-
344
health
-
-
-
26
total
-
-
-
716
Employee
533
-
1 640
-
health
4
-
21
-
unemployment
8
-
25
-
national
9
-
207
-
municipal
87
-
267
-
pensions
36
-
111
-
total
144
-
631
-
Employer
533
-
1 640
-
unemployment
3
-
11
-
pensions
92
-
285
-
accident
1
-
2
-
health
4
-
13
-
total
100
-
311
-
Corporate
1 316
1 950
-
-
income
263
390
-
-
total
263
390
-
-
Dividends

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

790
1 170
-
-
national
59
138
-
-
municipal
142
211
-
-
total
201
349
-
-
Income
1 950
1 950
1 950
1 950
Total tax
708
739
942
716
After tax
1 242
1 211
1 008
1 234
Living cost
389
389
389
389
Free-cash
853
822
619
845

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.

Brussels , Belgium
€308
€476
€720
€570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
national
-
-
-
749
social contributions
-
-
-
253
communal

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

-
-
-
102
total
-
-
-
1 104
Employee

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

725
-
1 510
-
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
-
71
-
communal

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

38
-
79
-
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
-
557
-
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
-
113
-
total
355
-
833
-
Employer

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

725
-
1 510
-
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
-
22
-
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
-
134
-
surtax
82
-
171
-
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
-
20
-
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
-
93
-
total
211
-
440
-
Corporate
1 014
1 950
-
-
income
203
392
-
-
surtax
4
8
-
-
total
207
400
-
-
Dividends
807
1 550
-
-
withholding

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

238
461
-
-
total
238
461
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 011
861
1 273
1 104
After tax
939
1 089
677
846
Living cost
370
370
370
370
Free-cash
570
720
308
476

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
Stockholm , Sweden
€567
€577
€648
€638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
municipal
-
-
-
503
national
-
-
-
188
health
-
-
-
57
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
99
other
-
-
-
106
total
-
-
-
956
Employee
594
-
1 663
-
national
-
-
183
-
municipal
177
-
496
-
total
177
-
679
-
Employer
594
-
1 663
-
unemployment
16
-
24
-
pensions
64
-
99
-
other
69
-
106
-
accident
1
-
2
-
health
37
-
56
-
total
187
-
287
-
Corporate
1 170
1 950
-
-
income
257
429
-
-
total
257
429
-
-
Dividends
912
1 521
-
-
withholding
274
456
-
-
total
274
456
-
-
Income
1 950
1 950
1 950
1 950
Total tax
895
885
966
956
After tax
1 055
1 065
984
994
Living cost
417
417
417
417
Free-cash
638
648
567
577

Estimated living cost  is €417 per week

€276
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.
€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
Oslo , Norway
€1347
€886
€724
€215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
380
social contributions
-
-
-
222
total
-
-
-
602
Employee
662
-
-
-
income
146
-
-
-
social contributions
54
-
8
-
total
200
-
8
-
Employer
662
-
-
-
social contributions
934
-
133
-
total
934
-
133
-
Corporate
354
1 950
-
-
income
78
429
-
-
total
78
429
-
-
Dividends
276
1 521
-
-
income
61
335
-
-
total
61
335
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 273
764
141
602
After tax
677
1 186
1 809
1 348
Living cost
462
462
462
462
Free-cash
215
724
1 347
886

Estimated living cost  is €462 per week

€300
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.
€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.
€113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Limassol , Cyprus
€979
€995
€1094
€1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
412
social contributions
-
-
-
164
health
-
-
-
50
total
-
-
-
626
Employee
779
779
1 829
-
income
82
72
403
-
social contributions
38
65
87
-
health
8
13
31
-
total
128
150
521
-
Employer
779
779
1 829
-
social contributions
38
65
87
-
health
8
14
34
-
total
46
79
121
-
Corporate
1 448
1 092
-
-
income
181
136
-
-
total
181
136
-
-
Dividends
1 267
955
-
-
withholding
215
162
-
-
total
215
162
-
-
Income
1 950
1 950
1 950
1 950
Total tax
570
527
642
626
After tax
1 380
1 423
1 308
1 324
Living cost
329
329
329
329
Free-cash
1 051
1 094
979
995

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
Edinburgh , United Kingdom
€733
€908
€885
€945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
578
pensions
-
-
-
94
total
-
-
-
672
Employee
508
-
1 702
-
income
92
-
461
-
health
7
-
24
-
pensions
39
-
114
-
total
138
-
599
-
Employer
508
-
1 702
-
pensions
51
-
216
-
health
10
-
32
-
total
61
-
248
-
Corporate
1 381
1 950
-
-
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.

262
371
-
-
total
262
371
-
-
Dividends
1 119
1 579
-
-
withholding
174
324
-
-
total
174
324
-
-
Income
1 950
1 950
1 950
1 950
Total tax
635
695
847
672
After tax
1 315
1 255
1 103
1 278
Living cost
370
370
370
370
Free-cash
945
885
733
908

Estimated living cost  is €370 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.

Rome , Italy
€409
€494
€623
€577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
municipal
-
-
-
13
regional
-
-
-
45
national
-
-
-
492
social contributions
-
-
-
502
total
-
-
-
1 052
Employee
854
-
1 950
-
regional
13
-
40
-
social contributions
288
-
658
-
national
144
-
427
-
municipal
5
-
12
-
total
450
-
1 137
-
Employer
854
-
1 950
-
total
-
-
-
-
Corporate
1 096
1 950
-
-
nationa
263
468
-
-
municipal
53
94
-
-
total
316
562
-
-
Dividends
780
1 388
-
-
withholding
203
361
-
-
total
203
361
-
-
Income
1 950
1 950
1 950
1 950
Total tax
969
923
1 137
1 052
After tax
981
1 027
813
898
Living cost
404
404
404
404
Free-cash
577
623
409
494

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
Gdansk , Poland
€855
€1120
-€54
€125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
551
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
40
other
-
-
-
4
total
-
-
-
618
Employee
333
-
1 771
-
income
46
-
427
-
health
38
-
203
-
pensions
38
-
74
-
total
122
-
704
-
Employer
333
-
1 771
-
unemployment
8
-
43
-
pensions
54
-
106
-
accident
6
-
30
-
total
68
-
179
-
Corporate
1 549
1 950
-
-
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.

1 394
1 755
-
-
total
1 394
1 755
-
-
Dividends
155
195
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
1 950
1 950
1 950
1 950
Total tax
1 613
1 792
883
618
After tax
337
158
1 067
1 332
Living cost
212
212
212
212
Free-cash
125
-54
855
1 120

Estimated living cost  is €212 per week

€155
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.
€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

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.

Berlin , Germany
€835
€623
€614
€745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
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.

-
-
-
621
health

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

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

-
-
-
69
trade
-
-
-
212
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.

-
-
-
34
total
-
-
-
936
Employee

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

504
-
1 950
-
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
-
621
-
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
-
34
-
total
112
-
724
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 446
1 950
-
-
chamber of commerce
4
4
-
-
income
217
292
-
-
surtax

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

12
16
-
-
trade
207
280
-
-
total
440
592
-
-
Dividends
1 006
1 357
-
-
withholding
248
335
-
-
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
-
-
total
262
353
-
-
Income
1 950
1 950
1 950
1 950
Total tax
814
945
724
936
After tax
1 136
1 005
1 226
1 014
Living cost
391
391
391
391
Free-cash
745
614
835
623

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.

Riga , Latvia
€619
€477
€1349
€1265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 950
microenterprise
-
-
-
-
income
-
-
-
377
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
surtax
-
-
-
497
total
-
-
-
1 262
Employee
296
-
1 495
-
income
53
-
315
-
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
-
-
217
-
total
86
-
665
-
Employer
296
-
1 495
-
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
-
-
164
-
total
71
-
455
-
Corporate
1 583
1 950
-
-
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%.

317
390
-
-
total
317
390
-
-
Dividends

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

1 266
1 560
-
-
total
-
-
-
-
Income
1 950
1 950
1 950
1 950
Total tax
474
390
1 120
1 262
After tax
1 476
1 560
830
688
Living cost
211
211
211
211
Free-cash
1 265
1 349
619
477

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
Istanbul , Turkey
€1049
€1060
€1086
€1064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
595
health
-
-
-
69
pensions
-
-
-
95
total
-
-
-
759
Employee
199
-
1 843
-
income
39
-
590
-
health
10
-
24
-
unemployment
2
-
5
-
pensions
18
-
43
-
total
69
-
662
-
Employer
199
-
1 843
-
unemployment
4
-
10
-
pensions
22
-
53
-
health
19
-
45
-
total
45
-
108
-
Corporate
1 706
1 950
-
-
income
375
429
-
-
total
375
429
-
-
Dividends
1 330
1 521
-
-
withholding
266
304
-
-
total
266
304
-
-
Income
1 950
1 950
1 950
1 950
Total tax
755
733
770
759
After tax
1 195
1 217
1 180
1 191
Living cost
131
131
131
131
Free-cash
1 064
1 086
1 049
1 060

Estimated living cost  is €131 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
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.
€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
Athens , Greece
€631
€694
€999
€964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
569
health
-
-
-
96
unemployment
-
-
-
2
surtax
-
-
-
91
pensions
-
-
-
270
other
-
-
-
-
total
-
-
-
1 028
Employee
341
-
1 665
-
other
-
-
-
-
income
57
-
509
-
health
9
-
34
-
unemployment
24
-
94
-
surtax
1
-
79
-
pensions
23
-
90
-
total
114
-
806
-
Employer
341
-
1 665
-
unemployment
11
-
43
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 537
1 950
-
-
income
400
507
-
-
total
400
507
-
-
Dividends
1 137
1 443
-
-
withholding
171
216
-
-
total
171
216
-
-
Income
1 950
1 950
1 950
1 950
Total tax
758
723
1 091
1 028
After tax
1 192
1 227
859
922
Living cost
228
228
228
228
Free-cash
964
999
631
694

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
Graz , Austria
€192
€680
€756
€751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 950
income
-
-
-
567
chamber of commerce
-
-
-
8
health
-
-
-
91
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
947
Employee
443
404
1 580
-
other
4
4
12
-
income
39
30
465
-
health
17
16
46
-
unemployment
13
12
36
-
pensions
45
41
121
-
total
118
103
680
-
Employer
443
404
1 580
-
unemployment
13
12
36
-
chamber of commerce
2
2