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
€ 2050
per

Your estimated
City
free-cash

Dresden , Germany
€726
€838
€726
€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

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

-
-
-
2 050
trade
-
-
-
249
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.

-
-
-
663
health

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

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

-
-
-
69
surtax

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

-
-
-
36
total
-
-
-
1 017
Employee

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

388
-
2 050
-
health

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

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

69
-
69
-
surtax

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

1
-
36
-
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
-
663
-
total
81
-
768
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 662
2 050
-
-
surtax

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

14
17
-
-
income
249
308
-
-
trade
262
323
-
-
chamber of commerce
4
4
-
-
total
529
652
-
-
Dividends
1 134
1 398
-
-
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
280
346
-
-
total
295
365
-
-
Income
2 050
2 050
2 050
2 050
Total tax
905
1 017
768
1 017
After tax
1 145
1 033
1 282
1 033
Living cost
307
307
307
307
Free-cash
838
726
975
726

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
€767
€758
€672
€683
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
-
-
-
2 050
municipal
-
-
-
226
pensions
-
-
-
246
national
-
-
-
372
social contributions
-
-
-
22
total
-
-
-
866
Employee
794
-
1 772
-
municipal
98
-
234
-
pensions
32
-
71
-
national
152
-
389
-
total
282
-
694
-
Employer
794
-
1 772
-
social contributions
9
-
19
-
pensions
64
-
142
-
total
73
-
161
-
Corporate
1 132
2 050
-
-
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%.

226
410
-
-
total
226
410
-
-
Dividends
905
1 640
-
-
withholding
199
361
-
-
total
199
361
-
-
Income
2 050
2 050
2 050
2 050
Total tax
780
771
855
866
After tax
1 270
1 279
1 195
1 184
Living cost
512
512
512
512
Free-cash
758
767
683
672

Estimated living cost  is €512 per week

€348
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
€1429
€1345
€519
€668
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.

-
-
-
2 050
microenterprise
-
-
-
-
income
-
-
-
409
surtax
-
-
-
523
social contributions

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

-
-
-
388
total
-
-
-
1 320
Employee
296
-
1 585
-
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
-
-
230
-
income
53
-
343
-
total
86
-
706
-
Employer
296
-
1 585
-
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
-
-
174
-
total
71
-
465
-
Corporate
1 683
2 050
-
-
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%.

337
410
-
-
total
337
410
-
-
Dividends

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

1 346
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
494
410
1 171
1 320
After tax
1 556
1 640
879
730
Living cost
211
211
211
211
Free-cash
1 345
1 429
668
519

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
€593
€532
€688
€884
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
-
-
-
2 050
income
-
-
-
693
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
937
Employee
865
865
1 862
-
health
133
113
125
-
income

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

142
142
308
-
pensions
156
119
119
-
total
431
374
552
-
Employer
865
865
1 862
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 044
1 033
-
-
income
209
207
-
-
total
209
207
-
-
Dividends
835
826
-
-
income
177
176
-
-
withholding
125
124
-
-
total
302
300
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 093
1 032
741
937
After tax
957
1 018
1 309
1 113
Living cost
425
425
425
425
Free-cash
532
593
884
688

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
€727
€719
€640
€630
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
-
-
-
2 050
municipal
-
-
-
537
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
231
total
-
-
-
1 018
Employee
558
-
1 780
-
municipal
166
-
531
-
national
-
-
226
-
total
166
-
757
-
Employer
558
-
1 780
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 317
2 050
-
-
income
290
451
-
-
total
290
451
-
-
Dividends
1 027
1 599
-
-
withholding
308
480
-
-
total
308
480
-
-
Income
2 050
2 050
2 050
2 050
Total tax
939
931
1 028
1 018
After tax
1 111
1 119
1 022
1 032
Living cost
392
392
392
392
Free-cash
719
727
630
640

Estimated living cost  is €392 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€625
€768
€624
€884
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.

-
-
-
2 050
trade
-
-
-
260
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.

-
-
-
663
health

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

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

-
-
-
69
surtax

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

-
-
-
36
total
-
-
-
1 028
Employee

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

514
-
2 050
-
health

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

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

69
-
69
-
surtax

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

2
-
36
-
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
-
663
-
total
115
-
768
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 536
2 050
-
-
surtax

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

13
17
-
-
income
230
308
-
-
trade
253
337
-
-
chamber of commerce
4
4
-
-
total
500
666
-
-
Dividends
1 037
1 384
-
-
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
255
342
-
-
total
269
361
-
-
Income
2 050
2 050
2 050
2 050
Total tax
884
1 027
768
1 028
After tax
1 166
1 023
1 282
1 022
Living cost
398
398
398
398
Free-cash
768
625
884
624

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
€1166
€1124
€1059
€1041
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
-
-
-
2 050
income
-
-
-
446
health
-
-
-
52
social contributions
-
-
-
164
total
-
-
-
662
Employee
779
779
1 927
-
social contributions
38
65
87
-
health
8
13
33
-
income
82
72
437
-
total
128
150
557
-
Employer
779
779
1 927
-
social contributions
38
65
87
-
health
8
14
36
-
total
46
79
123
-
Corporate
1 548
1 192
-
-
income
193
149
-
-
total
193
149
-
-
Dividends
1 354
1 043
-
-
withholding
230
177
-
-
total
230
177
-
-
Income
2 050
2 050
2 050
2 050
Total tax
597
555
680
662
After tax
1 453
1 495
1 370
1 388
Living cost
329
329
329
329
Free-cash
1 124
1 166
1 041
1 059

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
€966
€970
€1236
€1003
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
-
-
-
2 050
income
-
-
-
251
pensions
-
-
-
205
unemployment
-
-
-
31
health
-
-
-
143
total
-
-
-
630
Employee

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

The minimum wage is 138,000 HUF per month.

266
106
1 715
-
health
19
7
120
-
income
32
13
210
-
pensions
27
11
172
-
unemployment
4
2
26
-
total
82
33
528
-
Employer

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

The minimum wage is 138,000 HUF per month.

266
106
1 715
-
pensions
52
21
335
-
total
52
21
335
-
Corporate
1 732
1 924
-
-
income
156
173
-
-
total
156
173
-
-
Dividends
1 576
1 750
-
-
social contributions
306
340
-
-
withholding
300
333
-
-
total
606
673
-
-
Income
2 050
2 050
2 050
2 050
Total tax
896
900
863
630
After tax
1 154
1 150
1 187
1 420
Living cost
184
184
184
184
Free-cash
970
966
1 003
1 236

Estimated living cost  is €184 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€1395
€1332
€854
€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
-
-
-
2 050
income
-
-
-
275
pensions
-
-
-
410
health
-
-
-
266
total
-
-
-
951
Employee
287
-
1 532
-
income
32
-
295
-
pensions
6
-
31
-
unemployment
5
-
25
-
total
43
-
351
-
Employer
287
-
1 532
-
unemployment
2
-
12
-
pensions
58
-
306
-
health
37
-
199
-
total
97
-
517
-
Corporate
1 665
2 050
-
-
income
333
410
-
-
total
333
410
-
-
Dividends
1 332
1 640
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
473
410
868
951
After tax
1 577
1 640
1 182
1 099
Living cost
245
245
245
245
Free-cash
1 332
1 395
937
854

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
-€56
€131
€1178
€901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
579
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
650
Employee
349
-
1 862
-
health
40
-
213
-
income
48
-
449
-
pensions
39
-
77
-
total
127
-
739
-
Employer
349
-
1 862
-
accident
6
-
31
-
unemployment
9
-
46
-
pensions
57
-
111
-
total
72
-
188
-
Corporate
1 630
2 050
-
-
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.

1 467
1 845
-
-
total
1 467
1 845
-
-
Dividends
163
205
-
-
withholding
31
39
-
-
total
31
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 697
1 884
927
650
After tax
353
166
1 123
1 400
Living cost
222
222
222
222
Free-cash
131
-56
901
1 178

Estimated living cost  is €222 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1856
€1839
€1939
€1549
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%.

-
-
-
2 050
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
-
2 050
-
income
23
-
410
-
total
23
-
410
-
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%.

1 936
2 050
-
-
total
-
-
-
-
Dividends
1 936
2 050
-
-
withholding
97
103
-
-
total
97
103
-
-
Income
2 050
2 050
2 050
2 050
Total tax
120
103
410
20
After tax
1 930
1 947
1 640
2 030
Living cost
91
91
91
91
Free-cash
1 839
1 856
1 549
1 939

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
€1237
€1167
€927
€910
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
-
-
-
2 050
income
-
-
-
342
pensions

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

-
-
-
370
other
-
-
-
73
health
-
-
-
68
total
-
-
-
853
Employee
368
-
1 661
-
health
5
-
22
-
income
63
-
336
-
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
-
total
98
-
481
-
Employer
368
-
1 661
-
accident
3
-
13
-
other
18
-
77
-
unemployment
4
-
15
-
pensions

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

63
-
262
-
health
5
-
22
-
total
93
-
389
-
Corporate
1 589
2 050
-
-
income
334
430
-
-
total
334
430
-
-
Dividends
1 256
1 620
-
-
withholding
88
113
-
-
total
88
113
-
-
Income
2 050
2 050
2 050
2 050
Total tax
613
543
870
853
After tax
1 437
1 507
1 180
1 197
Living cost
270
270
270
270
Free-cash
1 167
1 237
910
927

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
€634
€716
€660
€475
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
-
-
-
2 050
income
-
-
-
613
pensions
-
-
-
97
total
-
-
-
710
Employee
962
-
1 788
-
health
16
-
25
-
income
173
-
491
-
pensions
93
-
117
-
total
282
-
633
-
Employer
962
-
1 788
-
pensions
114
-
228
-
health
18
-
34
-
total
132
-
262
-
Corporate
956
2 050
-
-
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.

182
389
-
-
total
182
389
-
-
Dividends
774
1 661
-
-
withholding
58
347
-
-
total
58
347
-
-
Income
2 050
2 050
2 050
2 050
Total tax
654
736
895
710
After tax
1 396
1 314
1 155
1 340
Living cost
680
680
680
680
Free-cash
716
634
475
660

Estimated living cost  is €680 per week

€510
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
€1620
€1573
€1515
€1599
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
-
-
-
2 050
income
-
-
-
308
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
402
Employee
176
-
1 981
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
198
-
pensions

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

15
-
31
-
total
43
-
249
-
Employer
176
-
1 981
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
1 839
2 050
-
-
income
184
205
-
-
total
184
205
-
-
Dividends
1 655
1 845
-
-
withholding
83
92
-
-
total
83
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
344
297
318
402
After tax
1 706
1 753
1 732
1 648
Living cost
133
133
133
133
Free-cash
1 573
1 620
1 599
1 515

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
€456
€482
€551
€747
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
-
-
-
2 050
income
-
-
-
693
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
937
Employee
940
865
1 862
-
health
117
113
125
-
income

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

142
142
308
-
pensions
119
119
119
-
total
378
374
552
-
Employer
940
865
1 862
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
946
1 033
-
-
income
189
207
-
-
total
189
207
-
-
Dividends
757
826
-
-
income
161
176
-
-
withholding
114
124
-
-
total
275
300
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 006
1 032
741
937
After tax
1 044
1 018
1 309
1 113
Living cost
562
562
562
562
Free-cash
482
456
747
551

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
€1169
€1082
€951
€863
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
-
-
-
2 050
income
-
-
-
214
health
-
-
-
277
solidarity contribution
-
-
-
16
social contributions
-
-
-
349
total
-
-
-
856
Employee
357
-
1 606
-
social contributions
23
-
78
-
health
48
-
217
-
solidarity contribution
-
-
8
-
income
43
-
197
-
total
114
-
500
-
Employer
357
-
1 606
-
social contributions
89
-
299
-
health
32
-
145
-
total
121
-
444
-
Corporate
1 572
2 050
-
-
income
299
389
-
-
total
299
389
-
-
Dividends
1 273
1 661
-
-
withholding
191
249
-
-
total
191
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
725
638
944
856
After tax
1 325
1 412
1 106
1 194
Living cost
243
243
243
243
Free-cash
1 082
1 169
863
951

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
€666
€613
€546
€459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
12
regional
-
-
-
25
national
-
-
-
532
social contributions
-
-
-
507
total
-
-
-
1 076
Employee
901
-
2 050
-
social contributions
304
-
665
-
regional
8
-
22
-
municipal
5
-
11
-
national
156
-
465
-
total
473
-
1 163
-
Employer
901
-
2 050
-
total
-
-
-
-
Corporate
1 149
2 050
-
-
nationa
276
492
-
-
municipal
45
80
-
-
total
321
572
-
-
Dividends
829
1 478
-
-
withholding
215
384
-
-
total
215
384
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 009
956
1 163
1 076
After tax
1 041
1 094
887
974
Living cost
428
428
428
428
Free-cash
613
666
459
546

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
€1065
€1033
€744
€681
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
-
-
-
2 050
income
-
-
-
614
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
100
total
-
-
-
1 082
Employee
335
-
1 765
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
88
-
income
56
-
554
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
860
-
Employer
335
-
1 765
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 644
2 050
-
-
income
428
533
-
-
total
428
533
-
-
Dividends
1 217
1 517
-
-
withholding
183
228
-
-
total
183
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
793
761
1 145
1 082
After tax
1 257
1 289
905
968
Living cost
224
224
224
224
Free-cash
1 033
1 065
681
744

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
€849
€917
€875
€690
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
-
-
-
2 050
income
-
-
-
613
pensions
-
-
-
97
total
-
-
-
710
Employee
645
-
1 788
-
health
9
-
25
-
income
116
-
491
-
pensions
55
-
117
-
total
180
-
633
-
Employer
645
-
1 788
-
pensions
70
-
228
-
health
12
-
34
-
total
82
-
262
-
Corporate
1 323
2 050
-
-
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.

251
389
-
-
total
251
389
-
-
Dividends
1 072
1 661
-
-
withholding
155
347
-
-
total
155
347
-
-
Income
2 050
2 050
2 050
2 050
Total tax
668
736
895
710
After tax
1 382
1 314
1 155
1 340
Living cost
465
465
465
465
Free-cash
917
849
690
875

Estimated living cost  is €465 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€171
€500
€870
€789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
city
-
-
-
22
pensions
-
-
-
189
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.

-
-
-
41
regional
-
-
-
110
health
-
-
-
5
national
-
-
-
47
total
-
-
-
414
Employee
896
-
1 840
-
city
10
-
20
-
regional
29
-
97
-
health
2
-
4
-
pensions
75
-
148
-
unemployment
-
-
-
-
national
4
-
37
-
total
120
-
306
-
Employer
896
-
1 840
-
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
-
37
-
unemployment
-
-
-
-
pensions
75
-
148
-
health
2
-
4
-
total
95
-
189
-
Corporate
1 049
2 050
-
-
regional
222
434
-
-
national
89
174
-
-
total
311
608
-
-
Dividends
738
1 442
-
-
withholding
258
505
-
-
total
258
505
-
-
Income
2 050
2 050
2 050
2 050
Total tax
784
1 113
495
414
After tax
1 266
937
1 555
1 636
Living cost
766
766
766
766
Free-cash
500
171
789
870

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
€547
€712
€547
€818
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.

-
-
-
2 050
trade
-
-
-
271
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.

-
-
-
663
health

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

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

-
-
-
69
surtax

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

-
-
-
36
total
-
-
-
1 039
Employee

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

609
-
2 050
-
health

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

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

69
-
69
-
surtax

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

4
-
36
-
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
-
663
-
total
145
-
768
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 441
2 050
-
-
surtax

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

12
17
-
-
income
216
308
-
-
trade
247
352
-
-
chamber of commerce
4
4
-
-
total
479
681
-
-
Dividends
962
1 370
-
-
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
19
-
-
withholding
237
339
-
-
total
250
358
-
-
Income
2 050
2 050
2 050
2 050
Total tax
874
1 039
768
1 039
After tax
1 176
1 011
1 282
1 011
Living cost
464
464
464
464
Free-cash
712
547
818
547

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
€686
€747
€795
€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
-
-
-
2 050
income
-
-
-
351
pensions
-
-
-
340
other
-
-
-
64
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
908
Employee
434
-
1 574
-
social contributions
12
-
45
-
surtax
-
-
-
-
income
26
-
318
-
pensions
49
-
115
-
total
87
-
478
-
Employer
434
-
1 574
-
other
15
-
64
-
social contributions
1
-
5
-
unemployment
18
-
64
-
pensions
71
-
192
-
health
30
-
152
-
total
135
-
477
-
Corporate
1 481
2 050
-
-
surtax
-
-
-
-
income
415
574
-
-
total
415
574
-
-
Dividends
1 066
1 476
-
-
surtax
-
-
-
-
social contributions
183
254
-
-
withholding
136
189
-
-
total
319
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
956
1 017
955
908
After tax
1 094
1 033
1 095
1 142
Living cost
347
347
347
347
Free-cash
747
686
748
795

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
€721
€777
€830
€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
-
-
-
2 050
income
-
-
-
351
pensions
-
-
-
340
other
-
-
-
64
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
908
Employee
387
-
1 574
-
social contributions
11
-
45
-
surtax
-
-
-
-
income
20
-
318
-
pensions
44
-
115
-
total
75
-
478
-
Employer
387
-
1 574
-
other
13
-
64
-
social contributions
1
-
5
-
unemployment
16
-
64
-
pensions
64
-
192
-
health
27
-
152
-
total
121
-
477
-
Corporate
1 542
2 050
-
-
surtax
-
-
-
-
income
432
574
-
-
total
432
574
-
-
Dividends
1 110
1 476
-
-
surtax
-
-
-
-
social contributions
191
254
-
-
withholding
142
189
-
-
total
333
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
961
1 017
955
908
After tax
1 089
1 033
1 095
1 142
Living cost
312
312
312
312
Free-cash
777
721
783
830

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
€1036
€1042
€1101
€1051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
308
health
-
-
-
143
social contributions
-
-
-
283
total
-
-
-
734
Employee
344
-
2 050
-
social contributions
47
-
283
-
health
24
-
143
-
income
57
-
358
-
total
128
-
784
-
Employer
344
-
2 050
-
total
-
-
-
-
Corporate
1 706
2 050
-
-
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%.

85
102
-
-
total
85
102
-
-
Dividends
1 621
1 948
-
-
health
113
136
-
-
social contributions
224
269
-
-
withholding
243
292
-
-
total
580
697
-
-
Income
2 050
2 050
2 050
2 050
Total tax
793
799
784
734
After tax
1 257
1 251
1 266
1 316
Living cost
215
215
215
215
Free-cash
1 042
1 036
1 051
1 101

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
€775
€758
€696
€182
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
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
615
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
997
Employee
506
404
1 672
-
other
5
4
12
-
health
20
16
46
-
income
58
30
509
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
724
-
Employer
506
404
1 672
-
accident
7
5
15
-
other
24
19
75
-
chamber of commerce
2
2
7
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
50
-
health
19
15
45
-
total
148
118
379
-
Corporate
1 396
1 528
1 633
-
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.

349
382
408
-
total
349
382
408
-
Dividends
1 047
1 146
-
-
withholding
288
315
-
-
total
288
315
-
-
Income
2 050
2 050
2 050
2 050
Total tax
935
918
1 511
997
After tax
1 115
1 132
539
1 053
Living cost
357
357
357
357
Free-cash
758
775
182
696

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
€770
€626
€520
€336
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
-
-
-
2 050
national
-
-
-
799
communal

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

-
-
-
108
social contributions
-
-
-
253
total
-
-
-
1 160
Employee

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

725
-
1 588
-
communal

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

38
-
83
-
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
-
75
-
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
-
119
-
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
-
14
-
national
223
-
590
-
total
355
-
881
-
Employer

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

725
-
1 588
-
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
-
21
-
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
-
180
-
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
-
141
-
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
-
98
-
total
211
-
463
-
Corporate
1 114
2 050
-
-
surtax
4
8
-
-
income
223
421
-
-
total
227
429
-
-
Dividends
887
1 620
-
-
withholding

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

262
482
-
-
total
262
482
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 055
911
1 344
1 160
After tax
995
1 139
706
890
Living cost
370
370
370
370
Free-cash
626
770
336
520

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
€997
€928
€781
€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
-
-
-
2 050
accident
-
-
-
8
income
-
-
-
621
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
903
Employee
504
-
1 751
-
other
-
-
1
-
income
106
-
586
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
646
-
Employer
504
-
1 751
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 385
2 050
-
-
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.

208
308
-
-
total
208
308
-
-
Dividends
1 177
1 742
-
-
withholding
249
379
-
-
total
249
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
756
687
947
903
After tax
1 294
1 363
1 103
1 147
Living cost
366
366
366
366
Free-cash
928
997
737
781

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
€628
€493
€433
€517
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
-
-
-
2 050
accident
-
-
-
17
income
-
-
-
366
pensions
-
-
-
307
health
-
-
-
144
surtax
-
-
-
102
communal
-
-
-
130
total
-
-
-
1 066
Employee
767
-
1 831
-
health
34
-
81
-
surtax
47
-
112
-
income
74
-
425
-
pensions
61
-
146
-
total
216
-
764
-
Employer
767
-
1 831
-
accident
7
-
16
-
pensions
61
-
146
-
health
23
-
56
-
total
91
-
218
-
Corporate
1 191
2 050
-
-
surtax
12
22
-
-
communal
80
138
-
-
income
179
308
-
-
total
271
468
-
-
Dividends
919
1 583
-
-
income
290
166
-
-
withholding
138
237
-
-
total
428
403
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 006
871
982
1 066
After tax
1 044
1 179
1 068
984
Living cost
551
551
551
551
Free-cash
493
628
517
433

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
€1061
€1027
€740
€677
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
-
-
-
2 050
income
-
-
-
614
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
100
total
-
-
-
1 082
Employee
341
-
1 765
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
88
-
income
57
-
554
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
860
-
Employer
341
-
1 765
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 637
2 050
-
-
income
426
533
-
-
total
426
533
-
-
Dividends
1 211
1 517
-
-
withholding
182
228
-
-
total
182
228
-
-
Income
2 050
2 050
2 050
2 050
Total tax
795
761
1 145
1 082
After tax
1 255
1 289
905
968
Living cost
228
228
228
228
Free-cash
1 027
1 061
677
740

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
€804
€781
€695
€608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
municipal
-
-
-
12
regional
-
-
-
31
national
-
-
-
532
social contributions
-
-
-
507
total
-
-
-
1 082
Employee
562
-
2 050
-
social contributions
190
-
665
-
regional
8
-
28
-
municipal
3
-
11
-
national
89
-
465
-
total
290
-
1 169
-
Employer
562
-
2 050
-
total
-
-
-
-
Corporate
1 488
2 050
-
-
nationa
357
492
-
-
municipal
74
102
-
-
total
431
594
-
-
Dividends
1 057
1 456
-
-
withholding
275
379
-
-
total
275
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
996
973
1 169
1 082
After tax
1 054
1 077
881
968
Living cost
273
273
273
273
Free-cash
781
804
608
695

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
€1113
€1005
€895
€807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
214
health
-
-
-
277
solidarity contribution
-
-
-
16
social contributions
-
-
-
349
total
-
-
-
856
Employee
440
-
1 606
-
social contributions
29
-
78
-
health
59
-
217
-
solidarity contribution
-
-
8
-
income
53
-
197
-
total
141
-
500
-
Employer
440
-
1 606
-
social contributions
110
-
299
-
health
40
-
145
-
total
150
-
444
-
Corporate
1 461
2 050
-
-
income
278
389
-
-
total
278
389
-
-
Dividends
1 183
1 661
-
-
withholding
177
249
-
-
total
177
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
746
638
944
856
After tax
1 304
1 412
1 106
1 194
Living cost
299
299
299
299
Free-cash
1 005
1 113
807
895

Estimated living cost  is €299 per week

€222
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
€810
€806
€732
€216
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
-
-
-
2 050
chamber of commerce
-
-
-
8
income
-
-
-
615
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
995
Employee
443
404
1 674
-
other
4
4
12
-
health
17
16
46
-
income
39
30
510
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
725
-
Employer
443
404
1 674
-
accident
6
5
15
-
other
21
19
75
-
chamber of commerce
2
2
7
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
50
-
health
17
15
45
-
total
128
116
377
-
Corporate
1 480
1 530
1 635
-
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.

370
382
409
-
total
370
382
409
-
Dividends
1 110
1 147
-
-
withholding
305
316
-
-
total
305
316
-
-
Income
2 050
2 050
2 050
2 050
Total tax
921
917
1 511
995
After tax
1 129
1 133
539
1 055
Living cost
323
323
323
323
Free-cash
806
810
216
732

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
€1805
€1778
€1888
€1498
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%.

-
-
-
2 050
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
-
2 050
-
income
36
-
410
-
total
36
-
410
-
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%.

1 872
2 050
-
-
total
-
-
-
-
Dividends
1 872
2 050
-
-
withholding
94
103
-
-
total
94
103
-
-
Income
2 050
2 050
2 050
2 050
Total tax
130
103
410
20
After tax
1 920
1 947
1 640
2 030
Living cost
142
142
142
142
Free-cash
1 778
1 805
1 498
1 888

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
€1139
€1055
€704
€660
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.

-
-
-
2 050
income
-
-
-
495
pensions
-
-
-
374
unemployment
-
-
-
3
health
-
-
-
202
total
-
-
-
1 074
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
-
1 774
-
health
29
-
115
-
income
77
-
450
-
pensions
69
-
275
-
unemployment
1
-
2
-
total
176
-
842
-
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
-
1 774
-
unemployment
-
-
1
-
pensions
40
-
157
-
health
30
-
118
-
total
70
-
276
-
Corporate
1 532
2 050
-
-
income
291
390
-
-
total
291
390
-
-
Dividends
1 241
1 660
-
-
withholding
186
249
-
-
total
186
249
-
-
Income
2 050
2 050
2 050
2 050
Total tax
723
639
1 118
1 074
After tax
1 327
1 411
932
976
Living cost
272
272
272
272
Free-cash
1 055
1 139
660
704

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
€809
€329
€979
€1479
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
-
-
-
2 050
income
-
-
-
400
social contributions
-
-
-
234
total
-
-
-
634
Employee
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
538
2 050
-
-
income
118
451
-
-
total
118
451
-
-
Dividends
420
1 599
-
-
income
92
352
-
-
total
92
352
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 284
803
133
634
After tax
766
1 247
1 917
1 416
Living cost
438
438
438
438
Free-cash
329
809
1 479
979

Estimated living cost  is €438 per week

€284
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
€849
€838
€763
€608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 050
income
-
-
-
257
surtax
-
-
-
-
social contributions

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

-
-
-
712
total
-
-
-
969
Employee
466
-
1 657
-
social contributions
51
-
182
-
surtax
-
-
-
-
income
97
-
549
-
total
148
-
731
-
Employer
466
-
1 657
-
social contributions
111
-
393
-
total
111
-
393
-
Corporate
1 473
2 050
-
-
surtax
-
-
-
-
income
309
430
-
-
total
309
430
-
-
Dividends
1 164
1 620
-
-
withholding
326
453
-
-
total
326
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
894
883
1 124
969
After tax
1 156
1 167
926
1 081
Living cost
318
318
318
318
Free-cash
838
849
608
763

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
€544
€614
€653
€606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
income
-
-
-
351
pensions
-
-
-
340
other
-
-
-
64
health
-
-
-
95
surtax
-
-
-
-
social contributions
-
-
-
58
total
-
-
-
908
Employee
635
-
1 574
-
social contributions
18
-
45
-
surtax
-
-
-
-
income
55
-
318
-
pensions
72
-
115
-
total
145
-
478
-
Employer
635
-
1 574
-
other
22
-
64
-
social contributions
2
-
5
-
unemployment
26
-
64
-
pensions
104
-
192
-
health
44
-
152
-
total
198
-
477
-
Corporate
1 217
2 050
-
-
surtax
-
-
-
-
income
341
574
-
-
total
341
574
-
-
Dividends
876
1 476
-
-
surtax
-
-
-
-
social contributions
151
254
-
-
withholding
112
189
-
-
total
263
443
-
-
Income
2 050
2 050
2 050
2 050
Total tax
947
1 017
955
908
After tax
1 103
1 033
1 095
1 142
Living cost
489
489
489
489
Free-cash
614
544
606
653

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
€1540
€1507
€1196
€1251
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
-
-
-
2 050
income
-
-
-
98
social contributions
-
-
-
451
total
-
-
-
549
Employee
326
-
1 775
-
income
-
-
104
-
social contributions
21
-
115
-
total
21
-
219
-
Employer
326
-
1 775
-
social contributions
50
-
275
-
total
50
-
275
-
Corporate
1 674
2 050
-
-
income
167
205
-
-
total
167
205
-
-
Dividends
1 506
1 845
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
238
205
494
549
After tax
1 812
1 845
1 556
1 501
Living cost
305
305
305
305
Free-cash
1 507
1 540
1 251
1 196

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
-€160
-€160
€706
-€160
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
-
-
-
2 050
municipal
-
-
-
435
pensions
-
-
-
9
national
-
-
-
249
labour market
-
-
-
163
total
-
-
-
856
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 722
1 722
1 722
856
After tax
328
328
328
1 194
Living cost
488
488
488
488
Free-cash
-160
-160
-160
706

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
-€52
€133
€1182
€905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
579
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
650
Employee
343
-
1 862
-
health
39
-
213
-
income
47
-
449
-
pensions
39
-
77
-
total
125
-
739
-
Employer
343
-
1 862
-
accident
6
-
31
-
unemployment
8
-
46
-
pensions
56
-
111
-
total
70
-
188
-
Corporate
1 637
2 050
-
-
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.

1 473
1 845
-
-
total
1 473
1 845
-
-
Dividends
164
205
-
-
withholding
31
39
-
-
total
31
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 699
1 884
927
650
After tax
351
166
1 123
1 400
Living cost
218
218
218
218
Free-cash
133
-52
905
1 182

Estimated living cost  is €218 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
€880
€911
€895
€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

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

-
-
-
2 050
municipal
-
-
-
364
health
-
-
-
27
national
-
-
-
375
total
-
-
-
766
Employee
533
-
1 725
-
health
4
-
22
-
municipal
87
-
281
-
pensions
36
-
116
-
unemployment
8
-
26
-
national
9
-
230
-
total
144
-
675
-
Employer
533
-
1 725
-
accident
1
-
2
-
unemployment
3
-
11
-
pensions
92
-
299
-
health
4
-
13
-
total
100
-
325
-
Corporate
1 416
2 050
-
-
income
283
410
-
-
total
283
410
-
-
Dividends

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

850
1 230
-
-
national
70
150
-
-
municipal
153
221
-
-
total
223
371
-
-
Income
2 050
2 050
2 050
2 050
Total tax
750
781
1 000
766
After tax
1 300
1 269
1 050
1 284
Living cost
389
389
389
389
Free-cash
911
880
661
895

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
€1260
€1205
€1153
€1135
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
-
-
-
2 050
income
-
-
-
446
health
-
-
-
52
social contributions
-
-
-
164
total
-
-
-
662
Employee
779
779
1 927
-
social contributions
29
65
87
-
health
6
13
33
-
income
85
72
437
-
total
120
150
557
-
Employer
779
779
1 927
-
social contributions
29
65
87
-
health
7
14
36
-
total
36
79
123
-
Corporate
1 659
1 192
-
-
income
207
149
-
-
total
207
149
-
-
Dividends
1 452
1 043
-
-
withholding
247
177
-
-
total
247
177
-
-
Income
2 050
2 050
2 050
2 050
Total tax
610
555
680
662
After tax
1 440
1 495
1 370
1 388
Living cost
235
235
235
235
Free-cash
1 205
1 260
1 135
1 153

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
€1537
€1485
€1577
€1373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
2 050
income
-
-
-
211
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
312
Employee

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

233
-
1 951
-
health
20
-
82
-
income
16
-
186
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
417
-
Employer

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

233
-
1 951
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 793
2 050
-
-
income
161
184
-
-
total
161
184
-
-
Dividends
1 632
1 866
-
-
withholding
147
168
-
-
total
147
168
-
-
Income
2 050
2 050
2 050
2 050
Total tax
404
352
516
312
After tax
1 646
1 698
1 534
1 738
Living cost
161
161
161
161
Free-cash
1 485
1 537
1 373
1 577

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
€1084
€1040
€868
€824
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
-
-
-
2 050
accident
-
-
-
8
income
-
-
-
621
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
903
Employee
375
-
1 751
-
other
-
-
1
-
income
72
-
586
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
646
-
Employer
375
-
1 751
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 556
2 050
-
-
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.

233
308
-
-
total
233
308
-
-
Dividends
1 322
1 742
-
-
withholding
283
379
-
-
total
283
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
731
687
947
903
After tax
1 319
1 363
1 103
1 147
Living cost
279
279
279
279
Free-cash
1 040
1 084
824
868

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
€1251
€1246
€1288
€1286
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
-
-
-
2 050
income
-
-
-
699
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
734
Employee
42
-
2 027
-
health
2
-
5
-
income
8
-
698
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
713
-
Employer
42
-
2 027
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
1 998
2 050
-
-
income
440
451
-
-
total
440
451
-
-
Dividends
1 559
1 599
-
-
withholding
312
320
-
-
total
312
320
-
-
Income
2 050
2 050
2 050
2 050
Total tax
776
771
736
734
After tax
1 274
1 279
1 314
1 316
Living cost
28
28
28
28
Free-cash
1 246
1 251
1 286
1 288

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
€1307
€1255
€1122
€1120
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.

-
-
-
2 050
income
-
-
-
470
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
753
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
-
1 916
-
health
14
-
39
-
income
36
-
470
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
620
-
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
-
1 916
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 738
2 050
-
-
income
261
307
-
-
total
261
307
-
-
Dividends
1 478
1 743
-
-
withholding
222
261
-
-
total
222
261
-
-
Income
2 050
2 050
2 050
2 050
Total tax
620
568
755
753
After tax
1 430
1 482
1 295
1 297
Living cost
175
175
175
175
Free-cash
1 255
1 307
1 120
1 122

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
€894
€890
€808
€653
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.

-
-
-
2 050
income
-
-
-
257
surtax
-
-
-
-
social contributions

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

-
-
-
712
total
-
-
-
969
Employee
393
-
1 657
-
social contributions
43
-
182
-
surtax
-
-
-
-
income
77
-
549
-
total
120
-
731
-
Employer
393
-
1 657
-
social contributions
93
-
393
-
total
93
-
393
-
Corporate
1 563
2 050
-
-
surtax
-
-
-
-
income
328
430
-
-
total
328
430
-
-
Dividends
1 235
1 620
-
-
withholding
346
453
-
-
total
346
453
-
-
Income
2 050
2 050
2 050
2 050
Total tax
887
883
1 124
969
After tax
1 163
1 167
926
1 081
Living cost
273
273
273
273
Free-cash
890
894
653
808

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
€1007
€940
€791
€747
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
-
-
-
2 050
accident
-
-
-
8
income
-
-
-
621
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
903
Employee
489
-
1 751
-
other
-
-
1
-
income
102
-
586
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
646
-
Employer
489
-
1 751
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 405
2 050
-
-
income

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

211
308
-
-
total
211
308
-
-
Dividends
1 194
1 742
-
-
withholding
253
379
-
-
total
253
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
754
687
947
903
After tax
1 296
1 363
1 103
1 147
Living cost
356
356
356
356
Free-cash
940
1 007
747
791

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
€1579
€1517
€1474
€1558
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
-
-
-
2 050
income
-
-
-
308
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
402
Employee
231
-
1 981
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
198
-
pensions

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

20
-
31
-
total
57
-
249
-
Employer
231
-
1 981
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
1 774
2 050
-
-
income
177
205
-
-
total
177
205
-
-
Dividends
1 596
1 845
-
-
withholding
80
92
-
-
total
80
92
-
-
Income
2 050
2 050
2 050
2 050
Total tax
359
297
318
402
After tax
1 691
1 753
1 732
1 648
Living cost
174
174
174
174
Free-cash
1 517
1 579
1 558
1 474

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
€663
€796
€664
€891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 050
trade
-
-
-
227
income

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

-
-
-
663
health

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

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

-
-
-
69
surtax

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

-
-
-
36
total
-
-
-
995
Employee

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

504
-
2 050
-
health

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

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

69
-
69
-
surtax

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

2
-
36
-
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
-
663
-
total
112
-
768
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 546
2 050
-
-
surtax

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

13
17
-
-
income
232
308
-
-
trade
222
294
-
-
chamber of commerce
4
5
-
-
total
471
624
-
-
Dividends
1 076
1 427
-
-
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
265
353
-
-
total
280
372
-
-
Income
2 050
2 050
2 050
2 050
Total tax
863
996
768
995
After tax
1 187
1 054
1 282
1 055
Living cost
391
391
391
391
Free-cash
796
663
891
664

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
€858
€880
€473
€473
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
-
-
-
2 050
income
-
-
-
652
social contributions
-
-
-
348
total
-
-
-
1 000
Employee
793
-
2 050
-
income
150
-
652
-
social contributions
66
-
348
-
total
216
-
1 000
-
Employer
793
-
2 050
-
total
-
-
-
-
Corporate
1 257
2 050
-
-
income
157
256
-
-
total
157
256
-
-
Dividends
1 100
1 794
-
-
withholding
220
359
-
-
total
220
359
-
-
Income
2 050
2 050
2 050
2 050
Total tax
593
615
1 000
1 000
After tax
1 457
1 435
1 050
1 050
Living cost
577
577
577
577
Free-cash
880
858
473
473

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
€910
€946
€1306
€1073
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.

-
-
-
2 050
income
-
-
-
308
health

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

-
-
-
68
total
-
-
-
376
Employee
465
-
2 003
-
income
50
-
515
-
social contributions
47
-
47
-
total
97
-
562
-
Employer
465
-
2 003
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 539
2 050
-
-
income
538
718
-
-
total
538
718
-
-
Dividends
1 000
1 332
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 050
2 050
2 050
2 050
Total tax
736
772
609
376
After tax
1 314
1 278
1 441
1 674
Living cost
368
368
368
368
Free-cash
946
910
1 073
1 306

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
€936
€996
€962
€777
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
-
-
-
2 050
income
-
-
-
613
pensions
-
-
-
97
total
-
-
-
710
Employee
518
-
1 788
-
health
7
-
25
-
income
94
-
491
-
pensions
40
-
117
-
total
141
-
633
-
Employer
518
-
1 788
-
pensions
52
-
228
-
health
10
-
34
-
total
62
-
262
-
Corporate
1 469
2 050
-
-
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.

279
389
-
-
total
279
389
-
-
Dividends
1 190
1 661
-
-
withholding
194
347
-
-
total
194
347
-
-
Income
2 050
2 050
2 050
2 050
Total tax
676
736
895
710
After tax
1 374
1 314
1 155
1 340
Living cost
378
378
378
378
Free-cash
996
936
777
962

Estimated living cost  is €378 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€74
€130
€1160
€883
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
-
-
-
2 050
accident
-
-
-
3
income
-
-
-
579
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
650
Employee
378
-
1 862
-
health
43
-
213
-
income
52
-
449
-
pensions
43
-
77
-
total
138
-
739
-
Employer
378
-
1 862
-
accident
6
-
31
-
unemployment
9
-
46
-
pensions
61
-
111
-
total
76
-
188
-
Corporate
1 596
2 050
-
-
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.

1 436
1 845
-
-
total
1 436
1 845
-
-
Dividends
160
205
-
-
withholding
30
39
-
-
total
30
39
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 680
1 884
927
650
After tax
370
166
1 123
1 400
Living cost
240
240
240
240
Free-cash
130
-74
883
1 160

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
€1431
€1541
€1126
€1348
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.

-
-
-
2 050
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
342
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
787
Employee

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

219
-
2 050
-
work injury
1
-
4
-
income
22
-
342
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
565
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 831
2 050
-
-
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
205
-
-
total
18
205
-
-
Dividends
1 813
1 845
-
-
withholding
272
277
-
-
total
272
277
-
-
Income
2 050
2 050
2 050
2 050
Total tax
372
482
565
787
After tax
1 678
1 568
1 485
1 263
Living cost
137
137
137
137
Free-cash
1 541
1 431
1 348
1 126

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
€676
€630
€545
€461
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
-
-
-
2 050
municipal
-
-
-
14
regional
-
-
-
48
national
-
-
-
532
social contributions
-
-
-
507
total
-
-
-
1 101
Employee
854
-
2 050
-
social contributions
288
-
665
-
regional
13
-
43
-
municipal
5
-
12
-
national
144
-
465
-
total
450
-
1 185
-
Employer
854
-
2 050
-
total
-
-
-
-
Corporate
1 196
2 050
-
-
nationa
287
492
-
-
municipal
58
99
-
-
total
345
591
-
-
Dividends
851
1 459
-
-
withholding
221
379
-
-
total
221
379
-
-
Income
2 050
2 050
2 050
2 050
Total tax
1 016
970
1 185
1 101
After tax
1 034
1 080
865
949
Living cost
404
404
404
404
Free-cash
630
676
461
545

Estimated living cost  is €404 per week

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

Source of data for Rome model

Close
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Estimated living cost

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Additional information

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