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
€ 2150
per

Your estimated
City
free-cash

Dresden , Germany
€776
€888
€766
€1030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 150
trade
-
-
-
264
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.

-
-
-
705
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.

-
-
-
39
total
-
-
-
1 077
Employee

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

388
-
2 150
-
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
-
39
-
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
-
705
-
total
81
-
813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 762
2 150
-
-
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
18
-
-
income
264
322
-
-
trade
278
339
-
-
chamber of commerce
4
5
-
-
total
561
684
-
-
Dividends
1 202
1 467
-
-
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.

16
20
-
-
withholding
297
363
-
-
total
313
383
-
-
Income
2 150
2 150
2 150
2 150
Total tax
955
1 067
813
1 077
After tax
1 195
1 083
1 337
1 073
Living cost
307
307
307
307
Free-cash
888
776
1 030
766

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
€830
€820
€722
€734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
municipal
-
-
-
238
pensions
-
-
-
258
national
-
-
-
397
social contributions
-
-
-
23
total
-
-
-
916
Employee
794
-
1 859
-
municipal
98
-
246
-
pensions
32
-
74
-
national
152
-
415
-
total
282
-
735
-
Employer
794
-
1 859
-
social contributions
9
-
20
-
pensions
64
-
149
-
total
73
-
169
-
Corporate
1 232
2 150
-
-
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%.

246
430
-
-
total
246
430
-
-
Dividends
985
1 720
-
-
withholding
217
378
-
-
total
217
378
-
-
Income
2 150
2 150
2 150
2 150
Total tax
818
808
904
916
After tax
1 332
1 342
1 246
1 234
Living cost
512
512
512
512
Free-cash
820
830
734
722

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
€1509
€1425
€563
€717
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.

-
-
-
2 150
microenterprise
-
-
-
-
income
-
-
-
440
surtax
-
-
-
548
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
-
-
-
1 376
Employee
296
-
1 675
-
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
-
-
243
-
income
53
-
371
-
total
86
-
747
-
Employer
296
-
1 675
-
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
-
-
184
-
total
71
-
475
-
Corporate
1 783
2 150
-
-
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%.

357
430
-
-
total
357
430
-
-
Dividends

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

1 426
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
514
430
1 222
1 376
After tax
1 636
1 720
928
774
Living cost
211
211
211
211
Free-cash
1 425
1 509
717
563

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
€644
€583
€736
€949
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
-
-
-
2 150
income
-
-
-
745
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
989
Employee
865
865
1 962
-
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
343
-
pensions
156
119
119
-
total
431
374
587
-
Employer
865
865
1 962
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 144
1 133
-
-
income
229
227
-
-
total
229
227
-
-
Dividends
915
906
-
-
income
194
193
-
-
withholding
137
136
-
-
total
331
329
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 142
1 081
776
989
After tax
1 008
1 069
1 374
1 161
Living cost
425
425
425
425
Free-cash
583
644
949
736

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
€782
€773
€685
€675
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
-
-
-
2 150
municipal
-
-
-
567
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
256
total
-
-
-
1 073
Employee
558
-
1 880
-
municipal
166
-
561
-
national
-
-
251
-
total
166
-
812
-
Employer
558
-
1 880
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 417
2 150
-
-
income
312
473
-
-
total
312
473
-
-
Dividends
1 105
1 677
-
-
withholding
332
503
-
-
total
332
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
985
976
1 083
1 073
After tax
1 165
1 174
1 067
1 077
Living cost
392
392
392
392
Free-cash
773
782
675
685

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
€674
€818
€663
€939
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.

-
-
-
2 150
trade
-
-
-
276
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.

-
-
-
705
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.

-
-
-
39
total
-
-
-
1 089
Employee

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

514
-
2 150
-
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
-
39
-
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
-
705
-
total
115
-
813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 636
2 150
-
-
surtax

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

14
18
-
-
income
245
322
-
-
trade
269
354
-
-
chamber of commerce
4
5
-
-
total
532
699
-
-
Dividends
1 104
1 452
-
-
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
20
-
-
withholding
272
359
-
-
total
287
379
-
-
Income
2 150
2 150
2 150
2 150
Total tax
934
1 078
813
1 089
After tax
1 216
1 072
1 337
1 061
Living cost
398
398
398
398
Free-cash
818
674
939
663

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
€1239
€1196
€1122
€1106
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
-
-
-
2 150
income
-
-
-
480
health
-
-
-
55
social contributions
-
-
-
164
total
-
-
-
699
Employee
779
779
2 025
-
social contributions
38
65
87
-
health
8
13
34
-
income
82
72
470
-
total
128
150
591
-
Employer
779
779
2 025
-
social contributions
38
65
87
-
health
8
14
37
-
total
46
79
124
-
Corporate
1 648
1 292
-
-
income
206
161
-
-
total
206
161
-
-
Dividends
1 442
1 130
-
-
withholding
245
192
-
-
total
245
192
-
-
Income
2 150
2 150
2 150
2 150
Total tax
625
582
715
699
After tax
1 525
1 568
1 435
1 451
Living cost
329
329
329
329
Free-cash
1 196
1 239
1 106
1 122

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
€1022
€1026
€1306
€1062
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
-
-
-
2 150
income
-
-
-
263
pensions
-
-
-
215
unemployment
-
-
-
32
health
-
-
-
150
total
-
-
-
660
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
1 799
-
health
19
7
126
-
income
32
13
220
-
pensions
27
11
180
-
unemployment
4
2
27
-
total
82
33
553
-
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
1 799
-
pensions
52
21
351
-
total
52
21
351
-
Corporate
1 832
2 024
-
-
income
165
182
-
-
total
165
182
-
-
Dividends
1 667
1 841
-
-
social contributions
324
358
-
-
withholding
317
350
-
-
total
641
708
-
-
Income
2 150
2 150
2 150
2 150
Total tax
940
944
904
660
After tax
1 210
1 206
1 246
1 490
Living cost
184
184
184
184
Free-cash
1 026
1 022
1 062
1 306

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
€1475
€1412
€907
€994
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
-
-
-
2 150
income
-
-
-
288
pensions
-
-
-
430
health
-
-
-
280
total
-
-
-
998
Employee
287
-
1 607
-
income
32
-
310
-
pensions
6
-
32
-
unemployment
5
-
26
-
total
43
-
368
-
Employer
287
-
1 607
-
unemployment
2
-
13
-
pensions
58
-
321
-
health
37
-
209
-
total
97
-
543
-
Corporate
1 765
2 150
-
-
income
353
430
-
-
total
353
430
-
-
Dividends
1 412
1 720
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
493
430
911
998
After tax
1 657
1 720
1 239
1 152
Living cost
245
245
245
245
Free-cash
1 412
1 475
994
907

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
-€48
€139
€1246
€959
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
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
611
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
682
Employee
349
-
1 958
-
health
40
-
224
-
income
48
-
476
-
pensions
39
-
77
-
total
127
-
777
-
Employer
349
-
1 958
-
accident
6
-
33
-
unemployment
9
-
48
-
pensions
57
-
111
-
total
72
-
192
-
Corporate
1 730
2 150
-
-
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.

1 557
1 935
-
-
total
1 557
1 935
-
-
Dividends
173
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 789
1 976
969
682
After tax
361
174
1 181
1 468
Living cost
222
222
222
222
Free-cash
139
-48
959
1 246

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
€1951
€1934
€2037
€1629
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
114
-
2 150
-
income
23
-
430
-
total
23
-
430
-
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%.

2 036
2 150
-
-
total
-
-
-
-
Dividends
2 036
2 150
-
-
withholding
102
108
-
-
total
102
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
125
108
430
22
After tax
2 025
2 042
1 720
2 128
Living cost
91
91
91
91
Free-cash
1 934
1 951
1 629
2 037

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
€1309
€1241
€1002
€984
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
-
-
-
2 150
income
-
-
-
367
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
-
-
-
878
Employee
368
-
1 760
-
health
5
-
22
-
income
63
-
361
-
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
-
506
-
Employer
368
-
1 760
-
accident
3
-
14
-
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
-
390
-
Corporate
1 689
2 150
-
-
income
355
452
-
-
total
355
452
-
-
Dividends
1 335
1 698
-
-
withholding
93
119
-
-
total
93
119
-
-
Income
2 150
2 150
2 150
2 150
Total tax
639
571
896
878
After tax
1 511
1 579
1 254
1 272
Living cost
270
270
270
270
Free-cash
1 241
1 309
984
1 002

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
€689
€770
€718
€525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
653
pensions
-
-
-
99
total
-
-
-
752
Employee
962
-
1 875
-
health
16
-
26
-
income
173
-
524
-
pensions
93
-
119
-
total
282
-
669
-
Employer
962
-
1 875
-
pensions
114
-
240
-
health
18
-
36
-
total
132
-
276
-
Corporate
1 056
2 150
-
-
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.

201
408
-
-
total
201
408
-
-
Dividends
855
1 742
-
-
withholding
85
373
-
-
total
85
373
-
-
Income
2 150
2 150
2 150
2 150
Total tax
700
781
945
752
After tax
1 450
1 369
1 205
1 398
Living cost
680
680
680
680
Free-cash
770
689
525
718

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
€1705
€1659
€1601
€1689
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
-
-
-
2 150
income
-
-
-
322
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
-
-
-
416
Employee
176
-
2 081
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
208
-
pensions

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

15
-
31
-
total
43
-
259
-
Employer
176
-
2 081
-
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
1 939
2 150
-
-
income
194
215
-
-
total
194
215
-
-
Dividends
1 745
1 935
-
-
withholding
87
97
-
-
total
87
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
358
312
328
416
After tax
1 792
1 838
1 822
1 734
Living cost
133
133
133
133
Free-cash
1 659
1 705
1 689
1 601

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
€507
€533
€599
€812
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
-
-
-
2 150
income
-
-
-
745
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
989
Employee
940
865
1 962
-
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
343
-
pensions
119
119
119
-
total
378
374
587
-
Employer
940
865
1 962
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
1 046
1 133
-
-
income
209
227
-
-
total
209
227
-
-
Dividends
837
906
-
-
income
178
193
-
-
withholding
126
136
-
-
total
304
329
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 055
1 081
776
989
After tax
1 095
1 069
1 374
1 161
Living cost
562
562
562
562
Free-cash
533
507
812
599

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
€1237
€1151
€1019
€925
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
-
-
-
2 150
income
-
-
-
227
health
-
-
-
290
solidarity contribution
-
-
-
22
social contributions
-
-
-
349
total
-
-
-
888
Employee
357
-
1 698
-
social contributions
23
-
78
-
health
48
-
229
-
solidarity contribution
-
-
14
-
income
43
-
209
-
total
114
-
530
-
Employer
357
-
1 698
-
social contributions
89
-
299
-
health
32
-
153
-
total
121
-
452
-
Corporate
1 672
2 150
-
-
income
318
409
-
-
total
318
409
-
-
Dividends
1 354
1 741
-
-
withholding
203
261
-
-
total
203
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
756
670
982
888
After tax
1 394
1 480
1 168
1 262
Living cost
243
243
243
243
Free-cash
1 151
1 237
925
1 019

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
€719
€666
€600
€514
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
-
-
-
2 150
municipal
-
-
-
13
regional
-
-
-
27
national
-
-
-
575
social contributions
-
-
-
507
total
-
-
-
1 122
Employee
901
-
2 150
-
social contributions
304
-
665
-
regional
8
-
24
-
municipal
5
-
12
-
national
156
-
507
-
total
473
-
1 208
-
Employer
901
-
2 150
-
total
-
-
-
-
Corporate
1 249
2 150
-
-
nationa
300
516
-
-
municipal
49
84
-
-
total
349
600
-
-
Dividends
901
1 550
-
-
withholding
234
403
-
-
total
234
403
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 056
1 003
1 208
1 122
After tax
1 094
1 147
942
1 028
Living cost
428
428
428
428
Free-cash
666
719
514
600

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
€1128
€1096
€790
€727
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
-
-
-
2 150
income
-
-
-
659
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
109
total
-
-
-
1 136
Employee
335
-
1 865
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
97
-
income
56
-
599
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
914
-
Employer
335
-
1 865
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 744
2 150
-
-
income
454
559
-
-
total
454
559
-
-
Dividends
1 291
1 591
-
-
withholding
194
239
-
-
total
194
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
830
798
1 199
1 136
After tax
1 320
1 352
951
1 014
Living cost
224
224
224
224
Free-cash
1 096
1 128
727
790

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
€904
€972
€933
€740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
653
pensions
-
-
-
99
total
-
-
-
752
Employee
645
-
1 875
-
health
9
-
26
-
income
116
-
524
-
pensions
55
-
119
-
total
180
-
669
-
Employer
645
-
1 875
-
pensions
70
-
240
-
health
12
-
36
-
total
82
-
276
-
Corporate
1 423
2 150
-
-
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.

270
408
-
-
total
270
408
-
-
Dividends
1 153
1 742
-
-
withholding
181
373
-
-
total
181
373
-
-
Income
2 150
2 150
2 150
2 150
Total tax
713
781
945
752
After tax
1 437
1 369
1 205
1 398
Living cost
465
465
465
465
Free-cash
972
904
740
933

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
€217
€545
€945
€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
-
-
-
2 150
city
-
-
-
23
pensions
-
-
-
198
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.

-
-
-
43
regional
-
-
-
118
health
-
-
-
5
national
-
-
-
52
total
-
-
-
439
Employee
896
-
1 933
-
city
10
-
21
-
regional
29
-
105
-
health
2
-
4
-
pensions
75
-
153
-
unemployment
-
-
-
-
national
4
-
42
-
total
120
-
325
-
Employer
896
-
1 933
-
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
-
39
-
unemployment
-
-
-
-
pensions
75
-
153
-
health
2
-
4
-
total
95
-
196
-
Corporate
1 149
2 150
-
-
regional
243
455
-
-
national
98
183
-
-
total
341
638
-
-
Dividends
808
1 513
-
-
withholding
283
529
-
-
total
283
529
-
-
Income
2 150
2 150
2 150
2 150
Total tax
839
1 167
521
439
After tax
1 311
983
1 629
1 711
Living cost
766
766
766
766
Free-cash
545
217
863
945

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
€597
€762
€585
€873
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.

-
-
-
2 150
trade
-
-
-
288
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.

-
-
-
705
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.

-
-
-
39
total
-
-
-
1 101
Employee

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

609
-
2 150
-
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
-
39
-
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
-
705
-
total
145
-
813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 541
2 150
-
-
surtax

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

13
18
-
-
income
231
322
-
-
trade
264
369
-
-
chamber of commerce
4
5
-
-
total
512
714
-
-
Dividends
1 029
1 436
-
-
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
20
-
-
withholding
253
355
-
-
total
267
375
-
-
Income
2 150
2 150
2 150
2 150
Total tax
924
1 089
813
1 101
After tax
1 226
1 061
1 337
1 049
Living cost
464
464
464
464
Free-cash
762
597
873
585

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
€737
€796
€841
€786
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
-
-
-
2 150
income
-
-
-
383
pensions
-
-
-
349
other
-
-
-
67
health
-
-
-
102
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
962
Employee
434
-
1 646
-
social contributions
12
-
47
-
surtax
-
-
-
-
income
26
-
344
-
pensions
49
-
122
-
total
87
-
513
-
Employer
434
-
1 646
-
other
15
-
67
-
social contributions
1
-
5
-
unemployment
18
-
67
-
pensions
71
-
204
-
health
30
-
161
-
total
135
-
504
-
Corporate
1 581
2 150
-
-
surtax
-
-
-
-
income
443
602
-
-
total
443
602
-
-
Dividends
1 138
1 548
-
-
surtax
-
-
-
-
social contributions
196
266
-
-
withholding
146
198
-
-
total
342
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 007
1 066
1 017
962
After tax
1 143
1 084
1 133
1 188
Living cost
347
347
347
347
Free-cash
796
737
786
841

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
€772
€828
€876
€821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
income
-
-
-
383
pensions
-
-
-
349
other
-
-
-
67
health
-
-
-
102
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
962
Employee
387
-
1 646
-
social contributions
11
-
47
-
surtax
-
-
-
-
income
20
-
344
-
pensions
44
-
122
-
total
75
-
513
-
Employer
387
-
1 646
-
other
13
-
67
-
social contributions
1
-
5
-
unemployment
16
-
67
-
pensions
64
-
204
-
health
27
-
161
-
total
121
-
504
-
Corporate
1 642
2 150
-
-
surtax
-
-
-
-
income
460
602
-
-
total
460
602
-
-
Dividends
1 182
1 548
-
-
surtax
-
-
-
-
social contributions
203
266
-
-
withholding
151
198
-
-
total
354
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 010
1 066
1 017
962
After tax
1 140
1 084
1 133
1 188
Living cost
312
312
312
312
Free-cash
828
772
821
876

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
€1096
€1103
€1166
€1110
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
-
-
-
2 150
income
-
-
-
322
health
-
-
-
150
social contributions
-
-
-
297
total
-
-
-
769
Employee
344
-
2 150
-
social contributions
47
-
297
-
health
24
-
150
-
income
57
-
378
-
total
128
-
825
-
Employer
344
-
2 150
-
total
-
-
-
-
Corporate
1 806
2 150
-
-
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%.

90
108
-
-
total
90
108
-
-
Dividends
1 716
2 042
-
-
health
120
143
-
-
social contributions
237
282
-
-
withholding
257
306
-
-
total
614
731
-
-
Income
2 150
2 150
2 150
2 150
Total tax
832
839
825
769
After tax
1 318
1 311
1 325
1 381
Living cost
215
215
215
215
Free-cash
1 103
1 096
1 110
1 166

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
€829
€812
€746
€206
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
-
-
-
2 150
chamber of commerce
-
-
-
9
income
-
-
-
664
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
1 047
Employee
506
404
1 765
-
other
5
4
12
-
health
20
16
46
-
income
58
30
554
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
769
-
Employer
506
404
1 765
-
accident
7
5
15
-
other
24
19
79
-
chamber of commerce
2
2
7
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
53
-
health
19
15
45
-
total
148
118
386
-
Corporate
1 496
1 628
1 726
-
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.

374
407
432
-
total
374
407
432
-
Dividends
1 122
1 221
-
-
withholding
309
336
-
-
total
309
336
-
-
Income
2 150
2 150
2 150
2 150
Total tax
981
964
1 587
1 047
After tax
1 169
1 186
563
1 103
Living cost
357
357
357
357
Free-cash
812
829
206
746

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
€818
€680
€564
€368
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
-
-
-
2 150
national
-
-
-
849
communal

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

-
-
-
114
social contributions
-
-
-
253
total
-
-
-
1 216
Employee

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

725
-
1 665
-
communal

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

38
-
87
-
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
-
78
-
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
-
125
-
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
-
624
-
total
355
-
928
-
Employer

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

725
-
1 665
-
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
-
22
-
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
-
24
-
surtax
82
-
189
-
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
-
148
-
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
-
102
-
total
211
-
485
-
Corporate
1 214
2 150
-
-
surtax
5
9
-
-
income
243
450
-
-
total
248
459
-
-
Dividends
966
1 691
-
-
withholding

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

286
503
-
-
total
286
503
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 100
962
1 413
1 216
After tax
1 050
1 188
737
934
Living cost
370
370
370
370
Free-cash
680
818
368
564

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
€1063
€993
€836
€792
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
-
-
-
2 150
accident
-
-
-
8
income
-
-
-
666
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
948
Employee
504
-
1 851
-
other
-
-
1
-
income
106
-
631
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
691
-
Employer
504
-
1 851
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 485
2 150
-
-
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.

223
322
-
-
total
223
322
-
-
Dividends
1 262
1 828
-
-
withholding
269
399
-
-
total
269
399
-
-
Income
2 150
2 150
2 150
2 150
Total tax
791
721
992
948
After tax
1 359
1 429
1 158
1 202
Living cost
366
366
366
366
Free-cash
993
1 063
792
836

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
€677
€540
€471
€556
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
-
-
-
2 150
accident
-
-
-
18
income
-
-
-
394
pensions
-
-
-
322
health
-
-
-
151
surtax
-
-
-
107
communal
-
-
-
136
total
-
-
-
1 128
Employee
767
-
1 920
-
health
34
-
85
-
surtax
47
-
118
-
income
74
-
456
-
pensions
61
-
154
-
total
216
-
813
-
Employer
767
-
1 920
-
accident
7
-
17
-
pensions
61
-
154
-
health
23
-
59
-
total
91
-
230
-
Corporate
1 291
2 150
-
-
surtax
14
23
-
-
communal
87
145
-
-
income
194
322
-
-
total
295
490
-
-
Dividends
997
1 660
-
-
income
308
183
-
-
withholding
149
249
-
-
total
457
432
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 059
922
1 043
1 128
After tax
1 091
1 228
1 107
1 022
Living cost
551
551
551
551
Free-cash
540
677
556
471

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
€1124
€1090
€786
€723
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
-
-
-
2 150
income
-
-
-
659
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
109
total
-
-
-
1 136
Employee
341
-
1 865
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
97
-
income
57
-
599
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
914
-
Employer
341
-
1 865
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 737
2 150
-
-
income
452
559
-
-
total
452
559
-
-
Dividends
1 285
1 591
-
-
withholding
193
239
-
-
total
193
239
-
-
Income
2 150
2 150
2 150
2 150
Total tax
832
798
1 199
1 136
After tax
1 318
1 352
951
1 014
Living cost
228
228
228
228
Free-cash
1 090
1 124
723
786

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
€857
€834
€749
€663
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
-
-
-
2 150
municipal
-
-
-
13
regional
-
-
-
33
national
-
-
-
575
social contributions
-
-
-
507
total
-
-
-
1 128
Employee
562
-
2 150
-
social contributions
190
-
665
-
regional
8
-
30
-
municipal
3
-
12
-
national
89
-
507
-
total
290
-
1 214
-
Employer
562
-
2 150
-
total
-
-
-
-
Corporate
1 588
2 150
-
-
nationa
381
516
-
-
municipal
79
107
-
-
total
460
623
-
-
Dividends
1 128
1 527
-
-
withholding
293
397
-
-
total
293
397
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 043
1 020
1 214
1 128
After tax
1 107
1 130
936
1 022
Living cost
273
273
273
273
Free-cash
834
857
663
749

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
€1181
€1073
€963
€869
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
-
-
-
2 150
income
-
-
-
227
health
-
-
-
290
solidarity contribution
-
-
-
22
social contributions
-
-
-
349
total
-
-
-
888
Employee
440
-
1 698
-
social contributions
29
-
78
-
health
59
-
229
-
solidarity contribution
-
-
14
-
income
53
-
209
-
total
141
-
530
-
Employer
440
-
1 698
-
social contributions
110
-
299
-
health
40
-
153
-
total
150
-
452
-
Corporate
1 561
2 150
-
-
income
297
409
-
-
total
297
409
-
-
Dividends
1 264
1 741
-
-
withholding
190
261
-
-
total
190
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
778
670
982
888
After tax
1 372
1 480
1 168
1 262
Living cost
299
299
299
299
Free-cash
1 073
1 181
869
963

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
€865
€860
€782
€241
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
-
-
-
2 150
chamber of commerce
-
-
-
9
income
-
-
-
664
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 045
Employee
443
404
1 767
-
other
4
4
12
-
health
17
16
46
-
income
39
30
555
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
770
-
Employer
443
404
1 767
-
accident
6
5
15
-
other
21
19
79
-
chamber of commerce
2
2
7
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
53
-
health
17
15
45
-
total
128
116
384
-
Corporate
1 580
1 630
1 728
-
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.

395
407
432
-
total
395
407
432
-
Dividends
1 185
1 222
-
-
withholding
326
336
-
-
total
326
336
-
-
Income
2 150
2 150
2 150
2 150
Total tax
967
962
1 586
1 045
After tax
1 183
1 188
564
1 105
Living cost
323
323
323
323
Free-cash
860
865
241
782

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
€1900
€1873
€1986
€1578
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%.

-
-
-
2 150
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
178
-
2 150
-
income
36
-
430
-
total
36
-
430
-
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%.

1 972
2 150
-
-
total
-
-
-
-
Dividends
1 972
2 150
-
-
withholding
99
108
-
-
total
99
108
-
-
Income
2 150
2 150
2 150
2 150
Total tax
135
108
430
22
After tax
2 015
2 042
1 720
2 128
Living cost
142
142
142
142
Free-cash
1 873
1 900
1 578
1 986

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
€1209
€1124
€739
€693
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.

-
-
-
2 150
income
-
-
-
531
pensions
-
-
-
393
unemployment
-
-
-
3
health
-
-
-
212
total
-
-
-
1 139
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
-
1 860
-
health
29
-
120
-
income
77
-
484
-
pensions
69
-
288
-
unemployment
1
-
3
-
total
176
-
895
-
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
-
1 860
-
unemployment
-
-
1
-
pensions
40
-
165
-
health
30
-
124
-
total
70
-
290
-
Corporate
1 632
2 150
-
-
income
310
408
-
-
total
310
408
-
-
Dividends
1 322
1 742
-
-
withholding
198
261
-
-
total
198
261
-
-
Income
2 150
2 150
2 150
2 150
Total tax
754
669
1 185
1 139
After tax
1 396
1 481
965
1 011
Living cost
272
272
272
272
Free-cash
1 124
1 209
693
739

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
€870
€389
€1048
€1579
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
-
-
-
2 150
income
-
-
-
419
social contributions
-
-
-
245
total
-
-
-
664
Employee
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
638
2 150
-
-
income
140
473
-
-
total
140
473
-
-
Dividends
497
1 677
-
-
income
109
369
-
-
total
109
369
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 323
842
133
664
After tax
827
1 308
2 017
1 486
Living cost
438
438
438
438
Free-cash
389
870
1 579
1 048

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
€904
€895
€810
€647
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.

-
-
-
2 150
income
-
-
-
275
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 022
Employee
466
-
1 737
-
social contributions
51
-
191
-
surtax
-
-
-
-
income
97
-
581
-
total
148
-
772
-
Employer
466
-
1 737
-
social contributions
111
-
413
-
total
111
-
413
-
Corporate
1 573
2 150
-
-
surtax
-
-
-
-
income
330
452
-
-
total
330
452
-
-
Dividends
1 243
1 698
-
-
withholding
348
476
-
-
total
348
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
937
928
1 185
1 022
After tax
1 213
1 222
965
1 128
Living cost
318
318
318
318
Free-cash
895
904
647
810

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
€595
€665
€699
€644
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
-
-
-
2 150
income
-
-
-
383
pensions
-
-
-
349
other
-
-
-
67
health
-
-
-
102
surtax
-
-
-
-
social contributions
-
-
-
61
total
-
-
-
962
Employee
635
-
1 646
-
social contributions
18
-
47
-
surtax
-
-
-
-
income
55
-
344
-
pensions
72
-
122
-
total
145
-
513
-
Employer
635
-
1 646
-
other
22
-
67
-
social contributions
2
-
5
-
unemployment
26
-
67
-
pensions
104
-
204
-
health
44
-
161
-
total
198
-
504
-
Corporate
1 317
2 150
-
-
surtax
-
-
-
-
income
369
602
-
-
total
369
602
-
-
Dividends
948
1 548
-
-
surtax
-
-
-
-
social contributions
163
266
-
-
withholding
121
198
-
-
total
284
464
-
-
Income
2 150
2 150
2 150
2 150
Total tax
996
1 066
1 017
962
After tax
1 154
1 084
1 133
1 188
Living cost
489
489
489
489
Free-cash
665
595
644
699

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
€1630
€1597
€1266
€1323
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
-
-
-
2 150
income
-
-
-
106
social contributions
-
-
-
473
total
-
-
-
579
Employee
326
-
1 861
-
income
-
-
112
-
social contributions
21
-
121
-
total
21
-
233
-
Employer
326
-
1 861
-
social contributions
50
-
289
-
total
50
-
289
-
Corporate
1 774
2 150
-
-
income
177
215
-
-
total
177
215
-
-
Dividends
1 596
1 935
-
-
total
-
-
-
-
Income
2 150
2 150
2 150
2 150
Total tax
248
215
522
579
After tax
1 902
1 935
1 628
1 571
Living cost
305
305
305
305
Free-cash
1 597
1 630
1 323
1 266

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
-€60
-€60
€759
-€60
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 150
municipal
-
-
-
459
pensions
-
-
-
9
national
-
-
-
264
labour market
-
-
-
171
total
-
-
-
903
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
2 150
2 150
2 150
2 150
Total tax
1 722
1 722
1 722
903
After tax
428
428
428
1 247
Living cost
488
488
488
488
Free-cash
-60
-60
-60
759

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
-€44
€141
€1250
€963
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
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
611
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
682
Employee
343
-
1 958
-
health
39
-
224
-
income
47
-
476
-
pensions
39
-
77
-
total
125
-
777
-
Employer
343
-
1 958
-
accident
6
-
33
-
unemployment
8
-
48
-
pensions
56
-
111
-
total
70
-
192
-
Corporate
1 737
2 150
-
-
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.

1 563
1 935
-
-
total
1 563
1 935
-
-
Dividends
174
215
-
-
withholding
33
41
-
-
total
33
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 791
1 976
969
682
After tax
359
174
1 181
1 468
Living cost
218
218
218
218
Free-cash
141
-44
963
1 250

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
€936
€968
€944
€698
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

-
-
-
2 150
municipal
-
-
-
382
health
-
-
-
29
national
-
-
-
406
total
-
-
-
817
Employee
533
-
1 809
-
health
4
-
24
-
municipal
87
-
294
-
pensions
36
-
122
-
unemployment
8
-
27
-
national
9
-
254
-
total
144
-
721
-
Employer
533
-
1 809
-
accident
1
-
2
-
unemployment
3
-
12
-
pensions
92
-
314
-
health
4
-
14
-
total
100
-
342
-
Corporate
1 516
2 150
-
-
income
303
430
-
-
total
303
430
-
-
Dividends

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

910
1 290
-
-
national
82
163
-
-
municipal
164
232
-
-
total
246
395
-
-
Income
2 150
2 150
2 150
2 150
Total tax
793
825
1 063
817
After tax
1 357
1 325
1 087
1 333
Living cost
389
389
389
389
Free-cash
968
936
698
944

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
€1333
€1277
€1216
€1200
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
-
-
-
2 150
income
-
-
-
480
health
-
-
-
55
social contributions
-
-
-
164
total
-
-
-
699
Employee
779
779
2 025
-
social contributions
29
65
87
-
health
6
13
34
-
income
85
72
470
-
total
120
150
591
-
Employer
779
779
2 025
-
social contributions
29
65
87
-
health
7
14
37
-
total
36
79
124
-
Corporate
1 759
1 292
-
-
income
220
161
-
-
total
220
161
-
-
Dividends
1 539
1 130
-
-
withholding
262
192
-
-
total
262
192
-
-
Income
2 150
2 150
2 150
2 150
Total tax
638
582
715
699
After tax
1 512
1 568
1 435
1 451
Living cost
235
235
235
235
Free-cash
1 277
1 333
1 200
1 216

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
€1619
€1568
€1666
€1462
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
-
-
-
2 150
income
-
-
-
222
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
323
Employee

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

233
-
2 051
-
health
20
-
82
-
income
16
-
197
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
428
-
Employer

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

233
-
2 051
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 893
2 150
-
-
income
170
194
-
-
total
170
194
-
-
Dividends
1 723
1 956
-
-
withholding
155
176
-
-
total
155
176
-
-
Income
2 150
2 150
2 150
2 150
Total tax
421
370
527
323
After tax
1 729
1 780
1 623
1 827
Living cost
161
161
161
161
Free-cash
1 568
1 619
1 462
1 666

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
€1150
€1106
€923
€879
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
-
-
-
2 150
accident
-
-
-
8
income
-
-
-
666
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
948
Employee
375
-
1 851
-
other
-
-
1
-
income
72
-
631
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
691
-
Employer
375
-
1 851
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 656
2 150
-
-
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.

248
322
-
-
total
248
322
-
-
Dividends
1 407
1 828
-
-
withholding
302
399
-
-
total
302
399
-
-
Income
2 150
2 150
2 150
2 150
Total tax
765
721
992
948
After tax
1 385
1 429
1 158
1 202
Living cost
279
279
279
279
Free-cash
1 106
1 150
879
923

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
€1314
€1309
€1353
€1351
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
-
-
-
2 150
income
-
-
-
734
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
769
Employee
42
-
2 127
-
health
2
-
5
-
income
8
-
733
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
748
-
Employer
42
-
2 127
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
2 098
2 150
-
-
income
462
473
-
-
total
462
473
-
-
Dividends
1 637
1 677
-
-
withholding
327
335
-
-
total
327
335
-
-
Income
2 150
2 150
2 150
2 150
Total tax
813
808
771
769
After tax
1 337
1 342
1 379
1 381
Living cost
28
28
28
28
Free-cash
1 309
1 314
1 351
1 353

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
€1378
€1328
€1197
€1195
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.

-
-
-
2 150
income
-
-
-
495
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
778
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
-
2 016
-
health
14
-
39
-
income
36
-
495
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
645
-
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
-
2 016
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 838
2 150
-
-
income
276
323
-
-
total
276
323
-
-
Dividends
1 563
1 827
-
-
withholding
234
274
-
-
total
234
274
-
-
Income
2 150
2 150
2 150
2 150
Total tax
647
597
780
778
After tax
1 503
1 553
1 370
1 372
Living cost
175
175
175
175
Free-cash
1 328
1 378
1 195
1 197

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
€949
€947
€855
€692
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.

-
-
-
2 150
income
-
-
-
275
surtax
-
-
-
-
social contributions

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

-
-
-
747
total
-
-
-
1 022
Employee
393
-
1 737
-
social contributions
43
-
191
-
surtax
-
-
-
-
income
77
-
581
-
total
120
-
772
-
Employer
393
-
1 737
-
social contributions
93
-
413
-
total
93
-
413
-
Corporate
1 663
2 150
-
-
surtax
-
-
-
-
income
349
452
-
-
total
349
452
-
-
Dividends
1 314
1 698
-
-
withholding
368
476
-
-
total
368
476
-
-
Income
2 150
2 150
2 150
2 150
Total tax
930
928
1 185
1 022
After tax
1 220
1 222
965
1 128
Living cost
273
273
273
273
Free-cash
947
949
692
855

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
€1073
€1005
€846
€802
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
-
-
-
2 150
accident
-
-
-
8
income
-
-
-
666
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
948
Employee
489
-
1 851
-
other
-
-
1
-
income
102
-
631
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
691
-
Employer
489
-
1 851
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 505
2 150
-
-
income

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

226
322
-
-
total
226
322
-
-
Dividends
1 279
1 828
-
-
withholding
273
399
-
-
total
273
399
-
-
Income
2 150
2 150
2 150
2 150
Total tax
789
721
992
948
After tax
1 361
1 429
1 158
1 202
Living cost
356
356
356
356
Free-cash
1 005
1 073
802
846

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
€1664
€1603
€1560
€1648
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
-
-
-
2 150
income
-
-
-
322
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
-
-
-
416
Employee
231
-
2 081
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
208
-
pensions

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

20
-
31
-
total
57
-
259
-
Employer
231
-
2 081
-
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
1 874
2 150
-
-
income
187
215
-
-
total
187
215
-
-
Dividends
1 686
1 935
-
-
withholding
84
97
-
-
total
84
97
-
-
Income
2 150
2 150
2 150
2 150
Total tax
373
312
328
416
After tax
1 777
1 838
1 822
1 734
Living cost
174
174
174
174
Free-cash
1 603
1 664
1 648
1 560

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
€715
€848
€705
€946
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.

-
-
-
2 150
trade
-
-
-
241
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.

-
-
-
705
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.

-
-
-
39
total
-
-
-
1 054
Employee

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

504
-
2 150
-
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
-
39
-
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
-
705
-
total
112
-
813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 646
2 150
-
-
surtax

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

14
18
-
-
income
247
322
-
-
trade
236
309
-
-
chamber of commerce
4
5
-
-
total
501
654
-
-
Dividends
1 145
1 497
-
-
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.

16
20
-
-
withholding
282
370
-
-
total
298
390
-
-
Income
2 150
2 150
2 150
2 150
Total tax
911
1 044
813
1 054
After tax
1 239
1 106
1 337
1 096
Living cost
391
391
391
391
Free-cash
848
715
946
705

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
€928
€949
€514
€514
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
-
-
-
2 150
income
-
-
-
692
social contributions
-
-
-
367
total
-
-
-
1 059
Employee
793
-
2 150
-
income
150
-
692
-
social contributions
66
-
367
-
total
216
-
1 059
-
Employer
793
-
2 150
-
total
-
-
-
-
Corporate
1 357
2 150
-
-
income
170
269
-
-
total
170
269
-
-
Dividends
1 188
1 881
-
-
withholding
238
376
-
-
total
238
376
-
-
Income
2 150
2 150
2 150
2 150
Total tax
624
645
1 059
1 059
After tax
1 526
1 505
1 091
1 091
Living cost
577
577
577
577
Free-cash
949
928
514
514

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
€976
€1011
€1392
€1138
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.

-
-
-
2 150
income
-
-
-
322
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
-
-
-
390
Employee
465
-
2 103
-
income
50
-
550
-
social contributions
47
-
47
-
total
97
-
597
-
Employer
465
-
2 103
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 639
2 150
-
-
income
573
752
-
-
total
573
752
-
-
Dividends
1 065
1 398
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 150
2 150
2 150
2 150
Total tax
771
806
644
390
After tax
1 379
1 344
1 506
1 760
Living cost
368
368
368
368
Free-cash
1 011
976
1 138
1 392

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
€991
€1051
€1020
€827
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
-
-
-
2 150
income
-
-
-
653
pensions
-
-
-
99
total
-
-
-
752
Employee
518
-
1 875
-
health
7
-
26
-
income
94
-
524
-
pensions
40
-
119
-
total
141
-
669
-
Employer
518
-
1 875
-
pensions
52
-
240
-
health
10
-
36
-
total
62
-
276
-
Corporate
1 569
2 150
-
-
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.

298
408
-
-
total
298
408
-
-
Dividends
1 271
1 742
-
-
withholding
220
373
-
-
total
220
373
-
-
Income
2 150
2 150
2 150
2 150
Total tax
721
781
945
752
After tax
1 429
1 369
1 205
1 398
Living cost
378
378
378
378
Free-cash
1 051
991
827
1 020

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
-€66
€138
€1228
€941
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
-
-
-
2 150
accident
-
-
-
3
income
-
-
-
611
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
682
Employee
377
-
1 958
-
health
43
-
224
-
income
52
-
476
-
pensions
43
-
77
-
total
138
-
777
-
Employer
377
-
1 958
-
accident
6
-
33
-
unemployment
9
-
48
-
pensions
61
-
111
-
total
76
-
192
-
Corporate
1 696
2 150
-
-
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.

1 526
1 935
-
-
total
1 526
1 935
-
-
Dividends
170
215
-
-
withholding
32
41
-
-
total
32
41
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 772
1 976
969
682
After tax
378
174
1 181
1 468
Living cost
240
240
240
240
Free-cash
138
-66
941
1 228

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
€1508
€1477
€1208
€1430
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.

-
-
-
2 150
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
360
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
805
Employee

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

219
-
2 150
-
work injury
1
-
4
-
income
22
-
360
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 931
2 150
-
-
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%.

193
215
-
-
total
193
215
-
-
Dividends
1 738
1 935
-
-
withholding
261
290
-
-
total
261
290
-
-
Income
2 150
2 150
2 150
2 150
Total tax
536
505
583
805
After tax
1 614
1 645
1 567
1 345
Living cost
137
137
137
137
Free-cash
1 477
1 508
1 430
1 208

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
€728
€683
€598
€515
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
-
-
-
2 150
municipal
-
-
-
15
regional
-
-
-
51
national
-
-
-
575
social contributions
-
-
-
507
total
-
-
-
1 148
Employee
854
-
2 150
-
social contributions
288
-
665
-
regional
13
-
46
-
municipal
5
-
13
-
national
144
-
507
-
total
450
-
1 231
-
Employer
854
-
2 150
-
total
-
-
-
-
Corporate
1 296
2 150
-
-
nationa
311
516
-
-
municipal
62
104
-
-
total
373
620
-
-
Dividends
923
1 530
-
-
withholding
240
398
-
-
total
240
398
-
-
Income
2 150
2 150
2 150
2 150
Total tax
1 063
1 018
1 231
1 148
After tax
1 087
1 132
919
1 002
Living cost
404
404
404
404
Free-cash
683
728
515
598

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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