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
€ 2000
per

Your estimated
City
free-cash

Dresden , Germany
€706
€947
€813
€702
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.

-
-
-
2 000
trade
-
-
-
241
health

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

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

-
-
-
69
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
642
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.

-
-
-
35
total
-
-
-
987
Employee

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

388
-
2 000
-
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
-
35
-
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
-
642
-
health

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

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

69
-
69
-
total
81
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 612
2 000
-
-
trade
254
315
-
-
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
-
-
income
242
300
-
-
chamber of commerce
4
4
-
-
total
513
635
-
-
Dividends
1 099
1 364
-
-
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.

15
19
-
-
withholding
271
337
-
-
total
286
356
-
-
Income
2 000
2 000
2 000
2 000
Total tax
880
991
746
987
After tax
1 120
1 009
1 254
1 013
Living cost
307
307
307
307
Free-cash
813
702
947
706

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
€647
€659
€727
€737
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
-
-
-
2 000
social contributions
-
-
-
22
municipal
-
-
-
221
national
-
-
-
359
pensions
-
-
-
240
total
-
-
-
842
Employee
793
-
1 729
-
pensions
32
-
69
-
national
152
-
376
-
municipal
98
-
228
-
total
282
-
673
-
Employer
793
-
1 729
-
pensions
63
-
138
-
social contributions
9
-
19
-
total
72
-
157
-
Corporate
1 083
2 000
-
-
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%.

217
400
-
-
total
217
400
-
-
Dividends
867
1 600
-
-
withholding
191
352
-
-
total
191
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
762
752
830
842
After tax
1 238
1 248
1 170
1 158
Living cost
511
511
511
511
Free-cash
727
737
659
647

Estimated living cost  is €511 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€498
€644
€1305
€1389
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.

-
-
-
2 000
social contributions

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

-
-
-
388
income
-
-
-
393
microenterprise
-
-
-
-
surtax
-
-
-
510
total
-
-
-
1 291
Employee
296
-
1 540
-
income
53
-
329
-
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
-
-
223
-
total
86
-
685
-
Employer
296
-
1 540
-
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
-
-
169
-
total
71
-
460
-
Corporate
1 633
2 000
-
-
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%.

327
400
-
-
total
327
400
-
-
Dividends

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

1 306
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
484
400
1 145
1 291
After tax
1 516
1 600
855
709
Living cost
211
211
211
211
Free-cash
1 305
1 389
644
498

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
€664
€847
€506
€568
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
-
-
-
2 000
health
-
-
-
125
income
-
-
-
667
pensions
-
-
-
119
total
-
-
-
911
Employee
865
865
1 812
-
income

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

142
142
295
-
pensions
156
119
119
-
health
133
113
125
-
total
431
374
539
-
Employer
865
865
1 812
-
pensions
60
60
75
-
health
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
994
983
-
-
income
199
197
-
-
total
199
197
-
-
Dividends
795
786
-
-
withholding
119
118
-
-
income
169
167
-
-
total
288
285
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 069
1 007
728
911
After tax
931
993
1 272
1 089
Living cost
425
425
425
425
Free-cash
506
568
847
664

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
€620
€610
€693
€702
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
-
-
-
2 000
other
-
-
-
99
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
523
health
-
-
-
53
national
-
-
-
220
pensions
-
-
-
92
total
-
-
-
990
Employee
555
-
1 732
-
national
-
-
215
-
municipal
166
-
516
-
total
166
-
731
-
Employer
555
-
1 732
-
pensions
60
-
92
-
other
65
-
99
-
accident
1
-
2
-
health
34
-
53
-
unemployment
15
-
23
-
total
175
-
269
-
Corporate
1 270
2 000
-
-
income
279
440
-
-
total
279
440
-
-
Dividends
991
1 560
-
-
withholding
297
468
-
-
total
297
468
-
-
Income
2 000
2 000
2 000
2 000
Total tax
917
908
1 000
990
After tax
1 083
1 092
1 000
1 010
Living cost
390
390
390
390
Free-cash
693
702
610
620

Estimated living cost  is €390 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€604
€856
€743
€601
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.

-
-
-
2 000
trade
-
-
-
252
health

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

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

-
-
-
69
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
642
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.

-
-
-
35
total
-
-
-
998
Employee

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

514
-
2 000
-
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
-
35
-
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
-
642
-
health

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

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

69
-
69
-
total
115
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 486
2 000
-
-
trade
244
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.

12
16
-
-
income
223
300
-
-
chamber of commerce
4
4
-
-
total
483
649
-
-
Dividends
1 003
1 350
-
-
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
247
334
-
-
total
261
352
-
-
Income
2 000
2 000
2 000
2 000
Total tax
859
1 001
746
998
After tax
1 141
999
1 254
1 002
Living cost
398
398
398
398
Free-cash
743
601
856
604

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
€1027
€1010
€1087
€1129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
164
health
-
-
-
51
income
-
-
-
429
total
-
-
-
644
Employee
779
779
1 878
-
income
82
72
420
-
social contributions
38
65
87
-
health
8
13
32
-
total
128
150
539
-
Employer
779
779
1 878
-
health
8
14
35
-
social contributions
38
65
87
-
total
46
79
122
-
Corporate
1 498
1 142
-
-
income
187
143
-
-
total
187
143
-
-
Dividends
1 310
999
-
-
withholding
223
170
-
-
total
223
170
-
-
Income
2 000
2 000
2 000
2 000
Total tax
584
542
661
644
After tax
1 416
1 458
1 339
1 356
Living cost
329
329
329
329
Free-cash
1 087
1 129
1 010
1 027

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
€1200
€975
€941
€937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
unemployment
-
-
-
30
health
-
-
-
140
income
-
-
-
245
pensions
-
-
-
200
total
-
-
-
615
Employee

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

The minimum wage is 138,000 HUF per month.

267
106
1 674
-
income
33
13
205
-
pensions
27
11
167
-
unemployment
4
2
25
-
health
19
7
117
-
total
83
33
514
-
Employer

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

The minimum wage is 138,000 HUF per month.

267
106
1 674
-
pensions
52
21
326
-
total
52
21
326
-
Corporate
1 681
1 873
-
-
income
151
169
-
-
total
151
169
-
-
Dividends
1 530
1 705
-
-
social contributions
297
331
-
-
withholding
291
324
-
-
total
588
655
-
-
Income
2 000
2 000
2 000
2 000
Total tax
874
878
840
615
After tax
1 126
1 122
1 160
1 385
Living cost
185
185
185
185
Free-cash
941
937
975
1 200

Estimated living cost  is €185 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€827
€908
€1292
€1355
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
-
-
-
2 000
health
-
-
-
260
income
-
-
-
268
pensions
-
-
-
400
total
-
-
-
928
Employee
287
-
1 495
-
income
32
-
288
-
pensions
6
-
30
-
unemployment
5
-
24
-
total
43
-
342
-
Employer
287
-
1 495
-
pensions
58
-
299
-
health
37
-
194
-
unemployment
2
-
12
-
total
97
-
505
-
Corporate
1 615
2 000
-
-
income
323
400
-
-
total
323
400
-
-
Dividends
1 292
1 600
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
463
400
847
928
After tax
1 537
1 600
1 153
1 072
Living cost
245
245
245
245
Free-cash
1 292
1 355
908
827

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
€1144
€873
€128
-€60
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
-
-
-
2 000
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
563
pensions
-
-
-
42
total
-
-
-
634
Employee
349
-
1 814
-
income
48
-
435
-
pensions
39
-
77
-
health
40
-
208
-
total
127
-
720
-
Employer
349
-
1 814
-
pensions
57
-
111
-
accident
6
-
30
-
unemployment
9
-
44
-
total
72
-
185
-
Corporate
1 579
2 000
-
-
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.

1 421
1 800
-
-
total
1 421
1 800
-
-
Dividends
158
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 650
1 838
905
634
After tax
350
162
1 095
1 366
Living cost
222
222
222
222
Free-cash
128
-60
873
1 144

Estimated living cost  is €222 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1889
€1509
€1792
€1809
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%.

-
-
-
2 000
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
114
-
2 000
-
income
23
-
400
-
total
23
-
400
-
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%.

1 886
2 000
-
-
total
-
-
-
-
Dividends
1 886
2 000
-
-
withholding
94
100
-
-
total
94
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
117
100
400
20
After tax
1 883
1 900
1 600
1 980
Living cost
91
91
91
91
Free-cash
1 792
1 809
1 509
1 889

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€890
€872
€1131
€1199
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
-
-
-
2 000
other
-
-
-
73
health
-
-
-
68
income
-
-
-
329
pensions

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

-
-
-
370
total
-
-
-
840
Employee
368
-
1 611
-
income
63
-
324
-
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
-
unemployment
4
-
15
-
health
5
-
22
-
total
98
-
469
-
Employer
368
-
1 611
-
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
-
13
-
health
5
-
22
-
unemployment
4
-
15
-
total
93
-
389
-
Corporate
1 539
2 000
-
-
income
323
420
-
-
total
323
420
-
-
Dividends
1 216
1 580
-
-
withholding
85
111
-
-
total
85
111
-
-
Income
2 000
2 000
2 000
2 000
Total tax
599
531
858
840
After tax
1 401
1 469
1 142
1 160
Living cost
270
270
270
270
Free-cash
1 131
1 199
872
890

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
€629
€449
€676
€605
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
-
-
-
2 000
income
-
-
-
593
pensions
-
-
-
96
total
-
-
-
689
Employee
964
-
1 745
-
income
174
-
473
-
pensions
93
-
116
-
health
16
-
25
-
total
283
-
614
-
Employer
964
-
1 745
-
pensions
114
-
222
-
health
18
-
33
-
total
132
-
255
-
Corporate
903
2 000
-
-
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.

172
380
-
-
total
172
380
-
-
Dividends
732
1 620
-
-
withholding
55
333
-
-
total
55
333
-
-
Income
2 000
2 000
2 000
2 000
Total tax
642
713
869
689
After tax
1 358
1 287
1 131
1 311
Living cost
682
682
682
682
Free-cash
676
605
449
629

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1473
€1554
€1530
€1577
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
-
-
-
2 000
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
300
pensions

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

-
-
-
52
total
-
-
-
394
Employee
176
-
1 931
-
income
18
-
193
-
pensions

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

15
-
31
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
43
-
244
-
Employer
176
-
1 931
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
1 790
2 000
-
-
income
179
200
-
-
total
179
200
-
-
Dividends
1 611
1 800
-
-
withholding
81
90
-
-
total
81
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
337
290
313
394
After tax
1 663
1 710
1 687
1 606
Living cost
133
133
133
133
Free-cash
1 530
1 577
1 554
1 473

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
€527
€710
€457
€431
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
-
-
-
2 000
health
-
-
-
125
income
-
-
-
667
pensions
-
-
-
119
total
-
-
-
911
Employee
940
865
1 812
-
income

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

142
142
295
-
pensions
119
119
119
-
health
117
113
125
-
total
378
374
539
-
Employer
940
865
1 812
-
pensions
65
60
75
-
health
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
896
983
-
-
income
179
197
-
-
total
179
197
-
-
Dividends
717
786
-
-
withholding
108
118
-
-
income
152
167
-
-
total
260
285
-
-
Income
2 000
2 000
2 000
2 000
Total tax
981
1 007
728
911
After tax
1 019
993
1 272
1 089
Living cost
562
562
562
562
Free-cash
457
431
710
527

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
€917
€832
€1048
€1134
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
-
-
-
2 000
social contributions
-
-
-
350
health
-
-
-
270
income
-
-
-
207
solidarity contribution
-
-
-
13
total
-
-
-
840
Employee
358
-
1 560
-
income
43
-
191
-
solidarity contribution
-
-
5
-
social contributions
23
-
78
-
health
48
-
211
-
total
114
-
485
-
Employer
358
-
1 560
-
health
32
-
140
-
social contributions
89
-
300
-
total
121
-
440
-
Corporate
1 520
2 000
-
-
income
289
380
-
-
total
289
380
-
-
Dividends
1 232
1 620
-
-
withholding
185
243
-
-
total
185
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
709
623
925
840
After tax
1 291
1 377
1 075
1 160
Living cost
243
243
243
243
Free-cash
1 048
1 134
832
917

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
€518
€430
€586
€639
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
-
-
-
2 000
social contributions
-
-
-
507
municipal
-
-
-
12
national
-
-
-
511
regional
-
-
-
24
total
-
-
-
1 054
Employee
901
-
2 000
-
national
156
-
445
-
social contributions
304
-
665
-
municipal
5
-
11
-
regional
8
-
21
-
total
473
-
1 142
-
Employer
901
-
2 000
-
total
-
-
-
-
Corporate
1 099
2 000
-
-
nationa
264
480
-
-
municipal
43
78
-
-
total
307
558
-
-
Dividends
793
1 442
-
-
withholding
206
375
-
-
total
206
375
-
-
Income
2 000
2 000
2 000
2 000
Total tax
986
933
1 142
1 054
After tax
1 014
1 067
858
946
Living cost
428
428
428
428
Free-cash
586
639
430
518

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
€720
€658
€1002
€1034
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
-
-
-
2 000
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
592
surtax
-
-
-
96
pensions
-
-
-
270
total
-
-
-
1 056
Employee
335
-
1 715
-
income
56
-
531
-
pensions
22
-
90
-
unemployment
23
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
84
-
total
111
-
833
-
Employer
335
-
1 715
-
pensions
45
-
180
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
total
71
-
285
-
Corporate
1 594
2 000
-
-
income
415
520
-
-
total
415
520
-
-
Dividends
1 180
1 480
-
-
withholding
177
222
-
-
total
177
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
774
742
1 118
1 056
After tax
1 226
1 258
882
944
Living cost
224
224
224
224
Free-cash
1 002
1 034
658
720

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
€845
€665
€889
€821
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
-
-
-
2 000
income
-
-
-
593
pensions
-
-
-
96
total
-
-
-
689
Employee
646
-
1 745
-
income
116
-
473
-
pensions
55
-
116
-
health
9
-
25
-
total
180
-
614
-
Employer
646
-
1 745
-
pensions
70
-
222
-
health
12
-
33
-
total
82
-
255
-
Corporate
1 271
2 000
-
-
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.

242
380
-
-
total
242
380
-
-
Dividends
1 030
1 620
-
-
withholding
141
333
-
-
total
141
333
-
-
Income
2 000
2 000
2 000
2 000
Total tax
645
713
869
689
After tax
1 355
1 287
1 131
1 311
Living cost
466
466
466
466
Free-cash
889
821
665
845

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€834
€752
€477
€149
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
-
-
-
2 000
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.

-
-
-
40
health
-
-
-
5
city
-
-
-
21
national
-
-
-
44
regional
-
-
-
106
pensions
-
-
-
184
total
-
-
-
400
Employee
896
-
1 794
-
pensions
75
-
146
-
national
4
-
34
-
unemployment
-
-
-
-
city
10
-
19
-
health
2
-
4
-
regional
29
-
93
-
total
120
-
296
-
Employer
896
-
1 794
-
pensions
75
-
146
-
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
-
36
-
health
2
-
4
-
unemployment
-
-
-
-
total
95
-
186
-
Corporate
998
2 000
-
-
regional
211
423
-
-
national
85
170
-
-
total
296
593
-
-
Dividends
702
1 407
-
-
withholding
246
492
-
-
total
246
492
-
-
Income
2 000
2 000
2 000
2 000
Total tax
757
1 085
482
400
After tax
1 243
915
1 518
1 600
Living cost
766
766
766
766
Free-cash
477
149
752
834

Estimated living cost  is €766 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€528
€790
€687
€525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 000
trade
-
-
-
262
health

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

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

-
-
-
69
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
642
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.

-
-
-
35
total
-
-
-
1 008
Employee

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

609
-
2 000
-
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
-
35
-
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
-
642
-
health

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

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

69
-
69
-
total
145
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 391
2 000
-
-
trade
239
343
-
-
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
209
300
-
-
chamber of commerce
4
4
-
-
total
463
663
-
-
Dividends
929
1 336
-
-
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
228
330
-
-
total
241
348
-
-
Income
2 000
2 000
2 000
2 000
Total tax
849
1 011
746
1 008
After tax
1 151
989
1 254
992
Living cost
464
464
464
464
Free-cash
687
525
790
528

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
€772
€728
€721
€661
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
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
91
income
-
-
-
335
surtax
-
-
-
-
pensions
-
-
-
336
total
-
-
-
881
Employee
434
-
1 538
-
income
26
-
308
-
pensions
49
-
111
-
social contributions
12
-
44
-
surtax
-
-
-
-
total
87
-
463
-
Employer
434
-
1 538
-
pensions
71
-
186
-
other
15
-
62
-
health
30
-
147
-
unemployment
18
-
62
-
social contributions
1
-
5
-
total
135
-
462
-
Corporate
1 431
2 000
-
-
surtax
-
-
-
-
income
401
560
-
-
total
401
560
-
-
Dividends
1 030
1 440
-
-
surtax
-
-
-
-
social contributions
177
248
-
-
withholding
132
184
-
-
total
309
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
932
992
925
881
After tax
1 068
1 008
1 075
1 119
Living cost
347
347
347
347
Free-cash
721
661
728
772

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
€807
€763
€751
€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
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
91
income
-
-
-
335
surtax
-
-
-
-
pensions
-
-
-
336
total
-
-
-
881
Employee
387
-
1 538
-
income
20
-
308
-
pensions
44
-
111
-
social contributions
11
-
44
-
surtax
-
-
-
-
total
75
-
463
-
Employer
387
-
1 538
-
pensions
64
-
186
-
other
13
-
62
-
health
27
-
147
-
unemployment
16
-
62
-
social contributions
1
-
5
-
total
121
-
462
-
Corporate
1 492
2 000
-
-
surtax
-
-
-
-
income
418
560
-
-
total
418
560
-
-
Dividends
1 074
1 440
-
-
surtax
-
-
-
-
social contributions
185
248
-
-
withholding
138
184
-
-
total
323
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
937
992
925
881
After tax
1 063
1 008
1 075
1 119
Living cost
312
312
312
312
Free-cash
751
696
763
807

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
€1069
€1021
€1011
€1005
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
-
-
-
2 000
social contributions
-
-
-
276
health
-
-
-
140
income
-
-
-
300
total
-
-
-
716
Employee
344
-
2 000
-
income
57
-
348
-
social contributions
47
-
276
-
health
24
-
140
-
total
128
-
764
-
Employer
344
-
2 000
-
total
-
-
-
-
Corporate
1 656
2 000
-
-
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%.

83
100
-
-
total
83
100
-
-
Dividends
1 574
1 900
-
-
social contributions
217
262
-
-
health
110
133
-
-
withholding
236
285
-
-
total
563
680
-
-
Income
2 000
2 000
2 000
2 000
Total tax
774
780
764
716
After tax
1 226
1 220
1 236
1 284
Living cost
215
215
215
215
Free-cash
1 011
1 005
1 021
1 069

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
€670
€169
€731
€748
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
-
-
-
2 000
chamber of commerce
-
-
-
8
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
591
surtax
-
-
-
2
pensions
-
-
-
219
total
-
-
-
973
Employee
506
404
1 625
-
income
58
30
487
-
pensions
52
41
121
-
unemployment
15
12
36
-
health
20
16
46
-
other
5
4
12
-
total
150
103
702
-
Employer
506
404
1 625
-
pensions
64
51
149
-
other
24
19
73
-
accident
7
5
15
-
health
19
15
45
-
payroll
15
12
49
-
chamber of commerce
2
2
6
-
unemployment
15
12
36
-
surtax
2
2
2
-
total
148
118
375
-
Corporate
1 346
1 478
1 587
-
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.

336
369
397
-
total
336
369
397
-
Dividends
1 009
1 108
-
-
withholding
278
305
-
-
total
278
305
-
-
Income
2 000
2 000
2 000
2 000
Total tax
912
895
1 474
973
After tax
1 088
1 105
526
1 027
Living cost
357
357
357
357
Free-cash
731
748
169
670

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
€498
€322
€598
€744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
social contributions
-
-
-
253
communal

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

-
-
-
105
national
-
-
-
774
total
-
-
-
1 132
Employee

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

725
-
1 549
-
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
-
116
-
national
223
-
574
-
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
-
communal

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

38
-
81
-
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
-
73
-
total
355
-
857
-
Employer

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

725
-
1 549
-
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
-
137
-
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
-
95
-
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
-
23
-
surtax
82
-
176
-
total
211
-
451
-
Corporate
1 064
2 000
-
-
surtax
4
8
-
-
income
213
407
-
-
total
217
415
-
-
Dividends
847
1 585
-
-
withholding

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

250
472
-
-
total
250
472
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 033
887
1 308
1 132
After tax
967
1 113
692
868
Living cost
370
370
370
370
Free-cash
598
744
322
498

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
€754
€710
€896
€965
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
-
-
-
2 000
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
598
pensions
-
-
-
266
total
-
-
-
880
Employee
504
-
1 701
-
income
106
-
563
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
138
-
623
-
Employer
504
-
1 701
-
pensions
119
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
1 335
2 000
-
-
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.

200
300
-
-
total
200
300
-
-
Dividends
1 134
1 700
-
-
withholding
239
369
-
-
total
239
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
738
669
924
880
After tax
1 262
1 331
1 076
1 120
Living cost
366
366
366
366
Free-cash
896
965
710
754

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
€413
€494
€468
€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
-
-
-
2 000
accident
-
-
-
17
health
-
-
-
141
income
-
-
-
353
communal
-
-
-
126
surtax
-
-
-
99
pensions
-
-
-
300
total
-
-
-
1 036
Employee
767
-
1 787
-
income
74
-
410
-
pensions
61
-
143
-
health
34
-
80
-
surtax
47
-
109
-
total
216
-
742
-
Employer
767
-
1 787
-
pensions
61
-
143
-
accident
7
-
16
-
health
23
-
54
-
total
91
-
213
-
Corporate
1 141
2 000
-
-
communal
77
135
-
-
surtax
12
21
-
-
income
171
300
-
-
total
260
456
-
-
Dividends
881
1 544
-
-
withholding
132
232
-
-
income
282
159
-
-
total
414
391
-
-
Income
2 000
2 000
2 000
2 000
Total tax
981
847
955
1 036
After tax
1 019
1 153
1 045
964
Living cost
551
551
551
551
Free-cash
468
602
494
413

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
€716
€654
€996
€1030
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
-
-
-
2 000
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
592
surtax
-
-
-
96
pensions
-
-
-
270
total
-
-
-
1 056
Employee
341
-
1 715
-
income
57
-
531
-
pensions
23
-
90
-
unemployment
24
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
84
-
total
114
-
833
-
Employer
341
-
1 715
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
73
-
285
-
Corporate
1 587
2 000
-
-
income
413
520
-
-
total
413
520
-
-
Dividends
1 174
1 480
-
-
withholding
176
222
-
-
total
176
222
-
-
Income
2 000
2 000
2 000
2 000
Total tax
776
742
1 118
1 056
After tax
1 224
1 258
882
944
Living cost
228
228
228
228
Free-cash
996
1 030
654
716

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
€667
€579
€755
€779
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
-
-
-
2 000
social contributions
-
-
-
507
municipal
-
-
-
12
national
-
-
-
511
regional
-
-
-
30
total
-
-
-
1 060
Employee
562
-
2 000
-
national
89
-
445
-
social contributions
190
-
665
-
municipal
3
-
11
-
regional
8
-
27
-
total
290
-
1 148
-
Employer
562
-
2 000
-
total
-
-
-
-
Corporate
1 438
2 000
-
-
nationa
345
480
-
-
municipal
71
99
-
-
total
416
579
-
-
Dividends
1 021
1 421
-
-
withholding
266
369
-
-
total
266
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
972
948
1 148
1 060
After tax
1 028
1 052
852
940
Living cost
273
273
273
273
Free-cash
755
779
579
667

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
€860
€775
€969
€1077
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
-
-
-
2 000
social contributions
-
-
-
350
health
-
-
-
270
income
-
-
-
207
solidarity contribution
-
-
-
13
total
-
-
-
840
Employee
441
-
1 560
-
income
53
-
191
-
solidarity contribution
-
-
5
-
social contributions
29
-
78
-
health
60
-
211
-
total
142
-
485
-
Employer
441
-
1 560
-
health
40
-
140
-
social contributions
110
-
300
-
total
150
-
440
-
Corporate
1 409
2 000
-
-
income
268
380
-
-
total
268
380
-
-
Dividends
1 141
1 620
-
-
withholding
171
243
-
-
total
171
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
731
623
925
840
After tax
1 269
1 377
1 075
1 160
Living cost
300
300
300
300
Free-cash
969
1 077
775
860

Estimated living cost  is €300 per week

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

Source of data for Prague model

Close
Graz , Austria
€706
€203
€779
€783
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
-
-
-
2 000
chamber of commerce
-
-
-
8
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
591
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
971
Employee
443
404
1 627
-
income
39
30
488
-
pensions
45
41
121
-
unemployment
13
12
36
-
health
17
16
46
-
other
4
4
12
-
total
118
103
703
-
Employer
443
404
1 627
-
pensions
56
51
149
-
other
21
19
74
-
accident
6
5
15
-
health
17
15
45
-
payroll
13
12
49
-
chamber of commerce
2
2
6
-
unemployment
13
12
36
-
surtax
-
-
-
-
total
128
116
374
-
Corporate
1 430
1 480
1 588
-
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.

357
370
397
-
total
357
370
397
-
Dividends
1 072
1 110
-
-
withholding
295
305
-
-
total
295
305
-
-
Income
2 000
2 000
2 000
2 000
Total tax
898
894
1 474
971
After tax
1 102
1 106
526
1 029
Living cost
323
323
323
323
Free-cash
779
783
203
706

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
€1838
€1458
€1731
€1758
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%.

-
-
-
2 000
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
178
-
2 000
-
income
36
-
400
-
total
36
-
400
-
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%.

1 822
2 000
-
-
total
-
-
-
-
Dividends
1 822
2 000
-
-
withholding
91
100
-
-
total
91
100
-
-
Income
2 000
2 000
2 000
2 000
Total tax
127
100
400
20
After tax
1 873
1 900
1 600
1 980
Living cost
142
142
142
142
Free-cash
1 731
1 758
1 458
1 838

Estimated living cost  is €142 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€686
€642
€1020
€1105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 000
unemployment
-
-
-
3
health
-
-
-
197
income
-
-
-
477
pensions
-
-
-
365
total
-
-
-
1 042
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
-
1 731
-
income
77
-
435
-
pensions
69
-
268
-
unemployment
1
-
2
-
health
29
-
112
-
total
176
-
817
-
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
-
1 731
-
pensions
40
-
153
-
health
30
-
115
-
unemployment
-
-
1
-
total
70
-
269
-
Corporate
1 482
2 000
-
-
income
282
380
-
-
total
282
380
-
-
Dividends
1 201
1 620
-
-
withholding
180
243
-
-
total
180
243
-
-
Income
2 000
2 000
2 000
2 000
Total tax
708
623
1 086
1 042
After tax
1 292
1 377
914
958
Living cost
272
272
272
272
Free-cash
1 020
1 105
642
686

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
€946
€1431
€300
€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
-
-
-
2 000
social contributions
-
-
-
228
income
-
-
-
390
total
-
-
-
618
Employee
625
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
625
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
493
2 000
-
-
income
108
440
-
-
total
108
440
-
-
Dividends
384
1 560
-
-
income
85
343
-
-
total
85
343
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 264
783
133
618
After tax
736
1 217
1 867
1 382
Living cost
436
436
436
436
Free-cash
300
781
1 431
946

Estimated living cost  is €436 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
€739
€587
€809
€820
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.

-
-
-
2 000
social contributions

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

-
-
-
695
income
-
-
-
248
surtax
-
-
-
-
total
-
-
-
943
Employee
466
-
1 616
-
income
97
-
533
-
social contributions
51
-
178
-
surtax
-
-
-
-
total
148
-
711
-
Employer
466
-
1 616
-
social contributions
111
-
384
-
total
111
-
384
-
Corporate
1 423
2 000
-
-
surtax
-
-
-
-
income
299
420
-
-
total
299
420
-
-
Dividends
1 124
1 580
-
-
withholding
315
442
-
-
total
315
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
873
862
1 095
943
After tax
1 127
1 138
905
1 057
Living cost
318
318
318
318
Free-cash
809
820
587
739

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
€630
€586
€588
€519
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
-
-
-
2 000
other
-
-
-
62
social contributions
-
-
-
57
health
-
-
-
91
income
-
-
-
335
surtax
-
-
-
-
pensions
-
-
-
336
total
-
-
-
881
Employee
635
-
1 538
-
income
55
-
308
-
pensions
72
-
111
-
social contributions
18
-
44
-
surtax
-
-
-
-
total
145
-
463
-
Employer
635
-
1 538
-
pensions
104
-
186
-
other
22
-
62
-
health
44
-
147
-
unemployment
26
-
62
-
social contributions
2
-
5
-
total
198
-
462
-
Corporate
1 167
2 000
-
-
surtax
-
-
-
-
income
327
560
-
-
total
327
560
-
-
Dividends
840
1 440
-
-
surtax
-
-
-
-
social contributions
145
248
-
-
withholding
108
184
-
-
total
253
432
-
-
Income
2 000
2 000
2 000
2 000
Total tax
923
992
925
881
After tax
1 077
1 008
1 075
1 119
Living cost
489
489
489
489
Free-cash
588
519
586
630

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
€1161
€1214
€1462
€1495
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
-
-
-
2 000
social contributions
-
-
-
440
income
-
-
-
94
total
-
-
-
534
Employee
326
-
1 732
-
social contributions
21
-
113
-
income
-
-
100
-
total
21
-
213
-
Employer
326
-
1 732
-
social contributions
50
-
268
-
total
50
-
268
-
Corporate
1 624
2 000
-
-
income
162
200
-
-
total
162
200
-
-
Dividends
1 461
1 800
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
233
200
481
534
After tax
1 767
1 800
1 519
1 466
Living cost
305
305
305
305
Free-cash
1 462
1 495
1 214
1 161

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
€679
-€209
-€209
-€209
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
-
-
-
2 000
municipal
-
-
-
423
national
-
-
-
242
labour market
-
-
-
159
pensions
-
-
-
9
total
-
-
-
833
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
pensions
6
6
6
-
municipal
439
439
439
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 721
1 721
1 721
833
After tax
279
279
279
1 167
Living cost
488
488
488
488
Free-cash
-209
-209
-209
679

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
€1147
€876
€129
-€57
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
-
-
-
2 000
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
563
pensions
-
-
-
42
total
-
-
-
634
Employee
344
-
1 814
-
income
47
-
435
-
pensions
39
-
77
-
health
39
-
208
-
total
125
-
720
-
Employer
344
-
1 814
-
pensions
56
-
111
-
accident
6
-
30
-
unemployment
8
-
44
-
total
70
-
185
-
Corporate
1 586
2 000
-
-
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.

1 427
1 800
-
-
total
1 427
1 800
-
-
Dividends
159
200
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 652
1 838
905
634
After tax
348
162
1 095
1 366
Living cost
219
219
219
219
Free-cash
129
-57
876
1 147

Estimated living cost  is €219 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€870
€640
€882
€851
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

-
-
-
2 000
municipal
-
-
-
355
health
-
-
-
27
national
-
-
-
359
total
-
-
-
741
Employee
533
-
1 682
-
pensions
36
-
114
-
national
9
-
218
-
municipal
87
-
274
-
unemployment
8
-
25
-
health
4
-
22
-
total
144
-
653
-
Employer
533
-
1 682
-
pensions
92
-
292
-
accident
1
-
2
-
health
4
-
13
-
unemployment
3
-
11
-
total
100
-
318
-
Corporate
1 366
2 000
-
-
income
273
400
-
-
total
273
400
-
-
Dividends

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

820
1 200
-
-
municipal
148
216
-
-
national
64
144
-
-
total
212
360
-
-
Income
2 000
2 000
2 000
2 000
Total tax
729
760
971
741
After tax
1 271
1 240
1 029
1 259
Living cost
389
389
389
389
Free-cash
882
851
640
870

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
€1121
€1104
€1169
€1223
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
-
-
-
2 000
social contributions
-
-
-
164
health
-
-
-
51
income
-
-
-
429
total
-
-
-
644
Employee
779
779
1 878
-
income
85
72
420
-
social contributions
29
65
87
-
health
6
13
32
-
total
120
150
539
-
Employer
779
779
1 878
-
health
7
14
35
-
social contributions
29
65
87
-
total
36
79
122
-
Corporate
1 609
1 142
-
-
income
201
143
-
-
total
201
143
-
-
Dividends
1 408
999
-
-
withholding
239
170
-
-
total
239
170
-
-
Income
2 000
2 000
2 000
2 000
Total tax
596
542
661
644
After tax
1 404
1 458
1 339
1 356
Living cost
235
235
235
235
Free-cash
1 169
1 223
1 104
1 121

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
€1533
€1329
€1443
€1495
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
-
-
-
2 000
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
205
pensions
-
-
-
64
total
-
-
-
306
Employee

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

233
-
1 901
-
income
16
-
180
-
pensions
35
-
144
-
unemployment
1
-
5
-
health
20
-
82
-
total
72
-
411
-
Employer

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

233
-
1 901
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 743
2 000
-
-
income
157
180
-
-
total
157
180
-
-
Dividends
1 587
1 820
-
-
withholding
143
164
-
-
total
143
164
-
-
Income
2 000
2 000
2 000
2 000
Total tax
396
344
510
306
After tax
1 604
1 656
1 490
1 694
Living cost
161
161
161
161
Free-cash
1 443
1 495
1 329
1 533

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
€841
€797
€1007
€1052
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
-
-
-
2 000
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
598
pensions
-
-
-
266
total
-
-
-
880
Employee
375
-
1 701
-
income
72
-
563
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
total
96
-
623
-
Employer
375
-
1 701
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
unemployment
21
-
52
-
total
119
-
301
-
Corporate
1 506
2 000
-
-
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.

226
300
-
-
total
226
300
-
-
Dividends
1 280
1 700
-
-
withholding
273
369
-
-
total
273
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
714
669
924
880
After tax
1 286
1 331
1 076
1 120
Living cost
279
279
279
279
Free-cash
1 007
1 052
797
841

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
€1256
€1254
€1215
€1220
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
-
-
-
2 000
health
-
-
-
15
income
-
-
-
681
pensions
-
-
-
20
total
-
-
-
716
Employee
42
-
1 977
-
income
8
-
680
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
695
-
Employer
42
-
1 977
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
1 948
2 000
-
-
income
429
440
-
-
total
429
440
-
-
Dividends
1 520
1 560
-
-
withholding
304
312
-
-
total
304
312
-
-
Income
2 000
2 000
2 000
2 000
Total tax
757
752
718
716
After tax
1 243
1 248
1 282
1 284
Living cost
28
28
28
28
Free-cash
1 215
1 220
1 254
1 256

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1084
€1082
€1220
€1270
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.

-
-
-
2 000
unemployment
-
-
-
11
health
-
-
-
77
income
-
-
-
458
pensions
-
-
-
195
total
-
-
-
741
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
-
1 866
-
income
36
-
458
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
39
-
total
89
-
608
-
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
-
1 866
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 688
2 000
-
-
income
253
300
-
-
total
253
300
-
-
Dividends
1 435
1 700
-
-
withholding
215
255
-
-
total
215
255
-
-
Income
2 000
2 000
2 000
2 000
Total tax
605
555
743
741
After tax
1 395
1 445
1 257
1 259
Living cost
175
175
175
175
Free-cash
1 220
1 270
1 082
1 084

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
€784
€632
€861
€865
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.

-
-
-
2 000
social contributions

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

-
-
-
695
income
-
-
-
248
surtax
-
-
-
-
total
-
-
-
943
Employee
393
-
1 616
-
income
77
-
533
-
social contributions
43
-
178
-
surtax
-
-
-
-
total
120
-
711
-
Employer
393
-
1 616
-
social contributions
93
-
384
-
total
93
-
384
-
Corporate
1 513
2 000
-
-
surtax
-
-
-
-
income
318
420
-
-
total
318
420
-
-
Dividends
1 196
1 580
-
-
withholding
335
442
-
-
total
335
442
-
-
Income
2 000
2 000
2 000
2 000
Total tax
866
862
1 095
943
After tax
1 134
1 138
905
1 057
Living cost
273
273
273
273
Free-cash
861
865
632
784

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
€764
€720
€908
€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
-
-
-
2 000
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
598
pensions
-
-
-
266
total
-
-
-
880
Employee
489
-
1 701
-
income
102
-
563
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
133
-
623
-
Employer
489
-
1 701
-
pensions
116
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
1 355
2 000
-
-
income

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

203
300
-
-
total
203
300
-
-
Dividends
1 151
1 700
-
-
withholding
243
369
-
-
total
243
369
-
-
Income
2 000
2 000
2 000
2 000
Total tax
736
669
924
880
After tax
1 264
1 331
1 076
1 120
Living cost
356
356
356
356
Free-cash
908
975
720
764

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
€1432
€1513
€1474
€1536
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
-
-
-
2 000
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
300
pensions

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

-
-
-
52
total
-
-
-
394
Employee
231
-
1 931
-
income
23
-
193
-
pensions

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

20
-
31
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
57
-
244
-
Employer
231
-
1 931
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 724
2 000
-
-
income
172
200
-
-
total
172
200
-
-
Dividends
1 552
1 800
-
-
withholding
78
90
-
-
total
78
90
-
-
Income
2 000
2 000
2 000
2 000
Total tax
352
290
313
394
After tax
1 648
1 710
1 687
1 606
Living cost
174
174
174
174
Free-cash
1 474
1 536
1 513
1 432

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
€644
€863
€772
€639
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.

-
-
-
2 000
trade
-
-
-
219
health

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

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

-
-
-
69
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
642
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.

-
-
-
35
total
-
-
-
965
Employee

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

504
-
2 000
-
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
-
35
-
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
-
642
-
health

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

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

69
-
69
-
total
112
-
746
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 496
2 000
-
-
trade
215
287
-
-
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
224
300
-
-
chamber of commerce
4
4
-
-
total
455
607
-
-
Dividends
1 041
1 392
-
-
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
19
-
-
withholding
256
344
-
-
total
270
363
-
-
Income
2 000
2 000
2 000
2 000
Total tax
837
970
746
965
After tax
1 163
1 030
1 254
1 035
Living cost
391
391
391
391
Free-cash
772
639
863
644

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
€452
€452
€845
€823
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
-
-
-
2 000
social contributions
-
-
-
339
income
-
-
-
632
total
-
-
-
971
Employee
793
-
2 000
-
social contributions
66
-
339
-
income
150
-
632
-
total
216
-
971
-
Employer
793
-
2 000
-
total
-
-
-
-
Corporate
1 207
2 000
-
-
income
151
250
-
-
total
151
250
-
-
Dividends
1 056
1 750
-
-
withholding
211
350
-
-
total
211
350
-
-
Income
2 000
2 000
2 000
2 000
Total tax
578
600
971
971
After tax
1 422
1 400
1 029
1 029
Living cost
577
577
577
577
Free-cash
845
823
452
452

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
€1264
€1040
€913
€878
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.

-
-
-
2 000
health

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

-
-
-
68
income
-
-
-
300
total
-
-
-
368
Employee
465
-
1 953
-
social contributions
47
-
47
-
income
50
-
498
-
total
97
-
545
-
Employer
465
-
1 953
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 489
2 000
-
-
income
521
700
-
-
total
521
700
-
-
Dividends
968
1 300
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 000
2 000
2 000
2 000
Total tax
719
754
592
368
After tax
1 281
1 246
1 408
1 632
Living cost
368
368
368
368
Free-cash
913
878
1 040
1 264

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
€932
€752
€968
€908
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 000
income
-
-
-
593
pensions
-
-
-
96
total
-
-
-
689
Employee
520
-
1 745
-
income
95
-
473
-
pensions
40
-
116
-
health
7
-
25
-
total
142
-
614
-
Employer
520
-
1 745
-
pensions
52
-
222
-
health
10
-
33
-
total
62
-
255
-
Corporate
1 418
2 000
-
-
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.

269
380
-
-
total
269
380
-
-
Dividends
1 149
1 620
-
-
withholding
180
333
-
-
total
180
333
-
-
Income
2 000
2 000
2 000
2 000
Total tax
653
713
869
689
After tax
1 347
1 287
1 131
1 311
Living cost
379
379
379
379
Free-cash
968
908
752
932

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€1126
€855
€126
-€78
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
-
-
-
2 000
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
563
pensions
-
-
-
42
total
-
-
-
634
Employee
378
-
1 814
-
income
52
-
435
-
pensions
43
-
77
-
health
43
-
208
-
total
138
-
720
-
Employer
378
-
1 814
-
pensions
62
-
111
-
accident
6
-
30
-
unemployment
9
-
44
-
total
77
-
185
-
Corporate
1 545
2 000
-
-
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.

1 390
1 800
-
-
total
1 390
1 800
-
-
Dividends
154
200
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
2 000
2 000
2 000
2 000
Total tax
1 634
1 838
905
634
After tax
366
162
1 095
1 366
Living cost
240
240
240
240
Free-cash
126
-78
855
1 126

Estimated living cost  is €240 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1085
€1307
€1499
€1393
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.

-
-
-
2 000
work injury
-
-
-
8
unemployment
-
-
-
19
income
-
-
-
333
health insurance
-
-
-
120
pensions
-
-
-
298
total
-
-
-
778
Employee

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

219
-
2 000
-
income
22
-
333
-
work injury
1
-
4
-
pensions
40
-
149
-
unemployment
3
-
10
-
health insurance
16
-
60
-
total
82
-
556
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 781
2 000
-
-
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%.

18
200
-
-
total
18
200
-
-
Dividends
1 763
1 800
-
-
withholding
264
270
-
-
total
264
270
-
-
Income
2 000
2 000
2 000
2 000
Total tax
364
470
556
778
After tax
1 636
1 530
1 444
1 222
Living cost
137
137
137
137
Free-cash
1 499
1 393
1 307
1 085

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
€519
€433
€604
€650
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
-
-
-
2 000
social contributions
-
-
-
507
municipal
-
-
-
13
national
-
-
-
511
regional
-
-
-
46
total
-
-
-
1 077
Employee
854
-
2 000
-
national
144
-
445
-
social contributions
288
-
665
-
municipal
5
-
12
-
regional
13
-
41
-
total
450
-
1 163
-
Employer
854
-
2 000
-
total
-
-
-
-
Corporate
1 146
2 000
-
-
nationa
275
480
-
-
municipal
55
96
-
-
total
330
576
-
-
Dividends
816
1 424
-
-
withholding
212
370
-
-
total
212
370
-
-
Income
2 000
2 000
2 000
2 000
Total tax
992
946
1 163
1 077
After tax
1 008
1 054
837
923
Living cost
404
404
404
404
Free-cash
604
650
433
519

Estimated living cost  is €404 per week

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

Source of data for Rome model

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Estimated living cost

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