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
€ 2200
per

Your estimated
City
free-cash

Dresden , Germany
€803
€914
€786
€1058
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.

-
-
-
2 200
trade
-
-
-
272
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.

-
-
-
726
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.

-
-
-
40
total
-
-
-
1 107
Employee

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

388
-
2 200
-
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
-
40
-
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
-
726
-
total
81
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 812
2 200
-
-
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
272
330
-
-
trade
285
346
-
-
chamber of commerce
4
5
-
-
total
576
699
-
-
Dividends
1 236
1 501
-
-
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.

17
20
-
-
withholding
305
371
-
-
total
322
391
-
-
Income
2 200
2 200
2 200
2 200
Total tax
979
1 090
835
1 107
After tax
1 221
1 110
1 365
1 093
Living cost
307
307
307
307
Free-cash
914
803
1 058
786

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
€862
€852
€747
€759
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
-
-
-
2 200
municipal
-
-
-
244
pensions
-
-
-
264
national
-
-
-
410
social contributions
-
-
-
24
total
-
-
-
942
Employee
792
-
1 902
-
municipal
98
-
253
-
pensions
32
-
76
-
national
152
-
429
-
total
282
-
758
-
Employer
792
-
1 902
-
social contributions
9
-
20
-
pensions
63
-
152
-
total
72
-
172
-
Corporate
1 284
2 200
-
-
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%.

257
440
-
-
total
257
440
-
-
Dividends
1 027
1 760
-
-
withholding
226
387
-
-
total
226
387
-
-
Income
2 200
2 200
2 200
2 200
Total tax
837
827
930
942
After tax
1 363
1 373
1 270
1 258
Living cost
511
511
511
511
Free-cash
852
862
759
747

Estimated living cost  is €511 per week

€347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€1549
€1465
€584
€742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 200
microenterprise
-
-
-
-
income
-
-
-
456
surtax
-
-
-
561
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
-
-
-
1 405
Employee
296
-
1 720
-
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
-
-
249
-
income
53
-
385
-
total
86
-
767
-
Employer
296
-
1 720
-
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
-
-
189
-
total
71
-
480
-
Corporate
1 833
2 200
-
-
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%.

367
440
-
-
total
367
440
-
-
Dividends

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

1 466
1 760
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
524
440
1 247
1 405
After tax
1 676
1 760
953
795
Living cost
211
211
211
211
Free-cash
1 465
1 549
742
584

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
€670
€608
€760
€981
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
-
-
-
2 200
income
-
-
-
771
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 015
Employee
865
865
2 012
-
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
361
-
pensions
156
119
119
-
total
431
374
605
-
Employer
865
865
2 012
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 194
1 183
-
-
income
239
237
-
-
total
239
237
-
-
Dividends
955
946
-
-
income
203
201
-
-
withholding
143
142
-
-
total
346
343
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 167
1 105
794
1 015
After tax
1 033
1 095
1 406
1 185
Living cost
425
425
425
425
Free-cash
608
670
981
760

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
€810
€801
€709
€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
-
-
-
2 200
municipal
-
-
-
582
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
269
total
-
-
-
1 100
Employee
557
-
1 931
-
municipal
166
-
576
-
national
-
-
264
-
total
166
-
840
-
Employer
557
-
1 931
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 468
2 200
-
-
income
323
484
-
-
total
323
484
-
-
Dividends
1 145
1 716
-
-
withholding
344
515
-
-
total
344
515
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 008
999
1 111
1 100
After tax
1 192
1 201
1 089
1 100
Living cost
391
391
391
391
Free-cash
801
810
698
709

Estimated living cost  is €391 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€700
€843
€683
€967
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.

-
-
-
2 200
trade
-
-
-
284
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.

-
-
-
726
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.

-
-
-
40
total
-
-
-
1 119
Employee

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

514
-
2 200
-
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
-
40
-
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
-
726
-
total
115
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 686
2 200
-
-
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
253
330
-
-
trade
277
362
-
-
chamber of commerce
4
5
-
-
total
548
715
-
-
Dividends
1 138
1 485
-
-
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
281
367
-
-
total
296
387
-
-
Income
2 200
2 200
2 200
2 200
Total tax
959
1 102
835
1 119
After tax
1 241
1 098
1 365
1 081
Living cost
398
398
398
398
Free-cash
843
700
967
683

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
€1274
€1232
€1154
€1137
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
-
-
-
2 200
income
-
-
-
497
health
-
-
-
56
social contributions
-
-
-
164
total
-
-
-
717
Employee
779
779
2 074
-
social contributions
38
65
87
-
health
8
13
35
-
income
82
72
487
-
total
128
150
609
-
Employer
779
779
2 074
-
social contributions
38
65
87
-
health
8
14
38
-
total
46
79
125
-
Corporate
1 698
1 342
-
-
income
212
168
-
-
total
212
168
-
-
Dividends
1 485
1 174
-
-
withholding
253
200
-
-
total
253
200
-
-
Income
2 200
2 200
2 200
2 200
Total tax
639
597
734
717
After tax
1 561
1 603
1 466
1 483
Living cost
329
329
329
329
Free-cash
1 232
1 274
1 137
1 154

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
€1049
€1054
€1339
€1090
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
-
-
-
2 200
income
-
-
-
269
pensions
-
-
-
220
unemployment
-
-
-
33
health
-
-
-
154
total
-
-
-
676
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
1 841
-
health
19
7
129
-
income
33
13
225
-
pensions
27
11
184
-
unemployment
4
2
28
-
total
83
33
566
-
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
1 841
-
pensions
52
21
359
-
total
52
21
359
-
Corporate
1 882
2 073
-
-
income
169
187
-
-
total
169
187
-
-
Dividends
1 712
1 887
-
-
social contributions
333
367
-
-
withholding
325
358
-
-
total
658
725
-
-
Income
2 200
2 200
2 200
2 200
Total tax
962
966
925
676
After tax
1 238
1 234
1 275
1 524
Living cost
184
184
184
184
Free-cash
1 054
1 049
1 090
1 339

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
€1515
€1452
€934
€1023
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
-
-
-
2 200
income
-
-
-
295
pensions
-
-
-
440
health
-
-
-
286
total
-
-
-
1 021
Employee
287
-
1 644
-
income
32
-
317
-
pensions
6
-
33
-
unemployment
5
-
26
-
total
43
-
376
-
Employer
287
-
1 644
-
unemployment
2
-
13
-
pensions
58
-
329
-
health
37
-
214
-
total
97
-
556
-
Corporate
1 815
2 200
-
-
income
363
440
-
-
total
363
440
-
-
Dividends
1 452
1 760
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
503
440
932
1 021
After tax
1 697
1 760
1 268
1 179
Living cost
245
245
245
245
Free-cash
1 452
1 515
1 023
934

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
-€43
€143
€1280
€988
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
-
-
-
2 200
accident
-
-
-
3
income
-
-
-
628
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
699
Employee
347
-
2 007
-
health
40
-
230
-
income
48
-
490
-
pensions
39
-
77
-
total
127
-
797
-
Employer
347
-
2 007
-
accident
6
-
34
-
unemployment
9
-
49
-
pensions
56
-
111
-
total
71
-
194
-
Corporate
1 782
2 200
-
-
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.

1 604
1 980
-
-
total
1 604
1 980
-
-
Dividends
178
220
-
-
withholding
34
42
-
-
total
34
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 836
2 022
991
699
After tax
364
178
1 209
1 501
Living cost
221
221
221
221
Free-cash
143
-43
988
1 280

Estimated living cost  is €221 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€1998
€1981
€2086
€1668
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%.

-
-
-
2 200
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
116
-
2 200
-
income
23
-
440
-
total
23
-
440
-
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%.

2 084
2 200
-
-
total
-
-
-
-
Dividends
2 084
2 200
-
-
withholding
104
110
-
-
total
104
110
-
-
Income
2 200
2 200
2 200
2 200
Total tax
127
110
440
22
After tax
2 073
2 090
1 760
2 178
Living cost
92
92
92
92
Free-cash
1 981
1 998
1 668
2 086

Estimated living cost  is €92 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€1346
€1278
€1040
€1022
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
-
-
-
2 200
income
-
-
-
379
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
-
-
-
890
Employee
368
-
1 810
-
health
5
-
22
-
income
63
-
373
-
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
-
518
-
Employer
368
-
1 810
-
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
1 739
2 200
-
-
income
365
462
-
-
total
365
462
-
-
Dividends
1 374
1 738
-
-
withholding
96
122
-
-
total
96
122
-
-
Income
2 200
2 200
2 200
2 200
Total tax
652
584
908
890
After tax
1 548
1 616
1 292
1 310
Living cost
270
270
270
270
Free-cash
1 278
1 346
1 022
1 040

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
€713
€797
€745
€549
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
-
-
-
2 200
income
-
-
-
671
pensions
-
-
-
100
total
-
-
-
771
Employee
968
-
1 918
-
health
16
-
26
-
income
174
-
540
-
pensions
93
-
120
-
total
283
-
686
-
Employer
968
-
1 918
-
pensions
114
-
245
-
health
18
-
36
-
total
132
-
281
-
Corporate
1 100
2 200
-
-
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.

209
418
-
-
total
209
418
-
-
Dividends
891
1 782
-
-
withholding
95
385
-
-
total
95
385
-
-
Income
2 200
2 200
2 200
2 200
Total tax
719
803
967
771
After tax
1 481
1 397
1 233
1 429
Living cost
684
684
684
684
Free-cash
797
713
549
745

Estimated living cost  is €684 per week

€512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1748
€1701
€1643
€1734
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
-
-
-
2 200
income
-
-
-
330
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
-
-
-
424
Employee
176
-
2 131
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
213
-
pensions

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

15
-
31
-
total
43
-
264
-
Employer
176
-
2 131
-
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
1 989
2 200
-
-
income
199
220
-
-
total
199
220
-
-
Dividends
1 790
1 980
-
-
withholding
90
99
-
-
total
90
99
-
-
Income
2 200
2 200
2 200
2 200
Total tax
366
319
333
424
After tax
1 834
1 881
1 867
1 776
Living cost
133
133
133
133
Free-cash
1 701
1 748
1 734
1 643

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
€533
€559
€623
€844
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
-
-
-
2 200
income
-
-
-
771
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 015
Employee
940
865
2 012
-
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
361
-
pensions
119
119
119
-
total
378
374
605
-
Employer
940
865
2 012
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
1 096
1 183
-
-
income
219
237
-
-
total
219
237
-
-
Dividends
877
946
-
-
income
186
201
-
-
withholding
132
142
-
-
total
318
343
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 079
1 105
794
1 015
After tax
1 121
1 095
1 406
1 185
Living cost
562
562
562
562
Free-cash
559
533
844
623

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
€1272
€1186
€1052
€957
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
-
-
-
2 200
income
-
-
-
233
health
-
-
-
297
solidarity contribution
-
-
-
25
social contributions
-
-
-
350
total
-
-
-
905
Employee
357
-
1 744
-
social contributions
23
-
78
-
health
48
-
235
-
solidarity contribution
-
-
16
-
income
43
-
215
-
total
114
-
544
-
Employer
357
-
1 744
-
social contributions
89
-
299
-
health
32
-
157
-
total
121
-
456
-
Corporate
1 721
2 200
-
-
income
327
418
-
-
total
327
418
-
-
Dividends
1 394
1 782
-
-
withholding
209
267
-
-
total
209
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
771
685
1 000
905
After tax
1 429
1 515
1 200
1 295
Living cost
243
243
243
243
Free-cash
1 186
1 272
957
1 052

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
€746
€692
€627
€541
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
-
-
-
2 200
municipal
-
-
-
14
regional
-
-
-
27
national
-
-
-
597
social contributions
-
-
-
507
total
-
-
-
1 145
Employee
901
-
2 200
-
social contributions
304
-
665
-
regional
8
-
25
-
municipal
5
-
12
-
national
156
-
529
-
total
473
-
1 231
-
Employer
901
-
2 200
-
total
-
-
-
-
Corporate
1 299
2 200
-
-
nationa
312
528
-
-
municipal
51
86
-
-
total
363
614
-
-
Dividends
937
1 586
-
-
withholding
244
412
-
-
total
244
412
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 080
1 026
1 231
1 145
After tax
1 120
1 174
969
1 055
Living cost
428
428
428
428
Free-cash
692
746
541
627

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
€1160
€1128
€812
€750
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
-
-
-
2 200
income
-
-
-
682
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
114
total
-
-
-
1 164
Employee
335
-
1 915
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
102
-
income
56
-
621
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
941
-
Employer
335
-
1 915
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 794
2 200
-
-
income
467
572
-
-
total
467
572
-
-
Dividends
1 328
1 628
-
-
withholding
199
244
-
-
total
199
244
-
-
Income
2 200
2 200
2 200
2 200
Total tax
848
816
1 226
1 164
After tax
1 352
1 384
974
1 036
Living cost
224
224
224
224
Free-cash
1 128
1 160
750
812

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
€930
€998
€962
€766
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
-
-
-
2 200
income
-
-
-
671
pensions
-
-
-
100
total
-
-
-
771
Employee
648
-
1 918
-
health
9
-
26
-
income
117
-
540
-
pensions
55
-
120
-
total
181
-
686
-
Employer
648
-
1 918
-
pensions
70
-
245
-
health
12
-
36
-
total
82
-
281
-
Corporate
1 469
2 200
-
-
income

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

279
418
-
-
total
279
418
-
-
Dividends
1 190
1 782
-
-
withholding
193
385
-
-
total
193
385
-
-
Income
2 200
2 200
2 200
2 200
Total tax
735
803
967
771
After tax
1 465
1 397
1 233
1 429
Living cost
467
467
467
467
Free-cash
998
930
766
962

Estimated living cost  is €467 per week

€350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€234
€564
€977
€894
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
-
-
-
2 200
city
-
-
-
23
pensions
-
-
-
202
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.

-
-
-
44
regional
-
-
-
122
health
-
-
-
5
national
-
-
-
55
total
-
-
-
451
Employee
904
-
1 979
-
city
10
-
21
-
regional
30
-
108
-
health
2
-
4
-
pensions
76
-
156
-
unemployment
-
-
-
-
national
4
-
45
-
total
122
-
334
-
Employer
904
-
1 979
-
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
-
40
-
unemployment
-
-
-
-
pensions
76
-
156
-
health
2
-
4
-
total
96
-
200
-
Corporate
1 190
2 200
-
-
regional
252
465
-
-
national
101
187
-
-
total
353
652
-
-
Dividends
837
1 548
-
-
withholding
293
542
-
-
total
293
542
-
-
Income
2 200
2 200
2 200
2 200
Total tax
864
1 194
534
451
After tax
1 336
1 006
1 666
1 749
Living cost
772
772
772
772
Free-cash
564
234
894
977

Estimated living cost  is €772 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€622
€786
€605
€901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 200
trade
-
-
-
296
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.

-
-
-
726
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.

-
-
-
40
total
-
-
-
1 131
Employee

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

609
-
2 200
-
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
-
40
-
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
-
726
-
total
145
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 591
2 200
-
-
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
239
330
-
-
trade
273
377
-
-
chamber of commerce
4
5
-
-
total
529
730
-
-
Dividends
1 063
1 470
-
-
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
262
364
-
-
total
276
384
-
-
Income
2 200
2 200
2 200
2 200
Total tax
950
1 114
835
1 131
After tax
1 250
1 086
1 365
1 069
Living cost
464
464
464
464
Free-cash
786
622
901
605

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
€762
€822
€863
€804
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
-
-
-
2 200
income
-
-
-
400
pensions
-
-
-
353
other
-
-
-
68
health
-
-
-
106
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
990
Employee
434
-
1 682
-
social contributions
12
-
48
-
surtax
-
-
-
-
income
26
-
357
-
pensions
49
-
126
-
total
87
-
531
-
Employer
434
-
1 682
-
other
15
-
69
-
social contributions
1
-
5
-
unemployment
18
-
68
-
pensions
71
-
210
-
health
30
-
166
-
total
135
-
518
-
Corporate
1 631
2 200
-
-
surtax
-
-
-
-
income
457
616
-
-
total
457
616
-
-
Dividends
1 174
1 584
-
-
surtax
-
-
-
-
social contributions
202
272
-
-
withholding
150
203
-
-
total
352
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 031
1 091
1 049
990
After tax
1 169
1 109
1 151
1 210
Living cost
347
347
347
347
Free-cash
822
762
804
863

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
€797
€852
€898
€839
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
-
-
-
2 200
income
-
-
-
400
pensions
-
-
-
353
other
-
-
-
68
health
-
-
-
106
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
990
Employee
387
-
1 682
-
social contributions
11
-
48
-
surtax
-
-
-
-
income
20
-
357
-
pensions
44
-
126
-
total
75
-
531
-
Employer
387
-
1 682
-
other
13
-
69
-
social contributions
1
-
5
-
unemployment
16
-
68
-
pensions
64
-
210
-
health
27
-
166
-
total
121
-
518
-
Corporate
1 692
2 200
-
-
surtax
-
-
-
-
income
474
616
-
-
total
474
616
-
-
Dividends
1 218
1 584
-
-
surtax
-
-
-
-
social contributions
210
272
-
-
withholding
156
203
-
-
total
366
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 036
1 091
1 049
990
After tax
1 164
1 109
1 151
1 210
Living cost
312
312
312
312
Free-cash
852
797
839
898

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
€1127
€1133
€1197
€1139
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
-
-
-
2 200
income
-
-
-
330
health
-
-
-
154
social contributions
-
-
-
304
total
-
-
-
788
Employee
344
-
2 200
-
social contributions
47
-
304
-
health
24
-
154
-
income
57
-
388
-
total
128
-
846
-
Employer
344
-
2 200
-
total
-
-
-
-
Corporate
1 856
2 200
-
-
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%.

93
110
-
-
total
93
110
-
-
Dividends
1 764
2 090
-
-
health
123
146
-
-
social contributions
243
288
-
-
withholding
265
314
-
-
total
631
748
-
-
Income
2 200
2 200
2 200
2 200
Total tax
852
858
846
788
After tax
1 348
1 342
1 354
1 412
Living cost
215
215
215
215
Free-cash
1 133
1 127
1 139
1 197

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
€857
€840
€771
€220
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
-
-
-
2 200
chamber of commerce
-
-
-
9
income
-
-
-
689
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
1 072
Employee
506
404
1 811
-
other
5
4
12
-
health
20
16
46
-
income
58
30
576
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
791
-
Employer
506
404
1 811
-
accident
7
5
15
-
other
24
19
81
-
chamber of commerce
2
2
7
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
54
-
health
19
15
45
-
total
148
118
389
-
Corporate
1 546
1 678
1 773
-
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.

386
419
443
-
total
386
419
443
-
Dividends
1 159
1 258
-
-
withholding
319
346
-
-
total
319
346
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 003
986
1 623
1 072
After tax
1 197
1 214
577
1 128
Living cost
357
357
357
357
Free-cash
840
857
220
771

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
€842
€708
€586
€382
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
-
-
-
2 200
national
-
-
-
874
communal

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

-
-
-
117
social contributions
-
-
-
253
total
-
-
-
1 244
Employee

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

725
-
1 704
-
communal

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

38
-
89
-
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
-
80
-
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
-
128
-
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
-
15
-
national
223
-
641
-
total
355
-
953
-
Employer

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

725
-
1 704
-
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
-
25
-
surtax
82
-
193
-
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
-
151
-
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
-
105
-
total
211
-
496
-
Corporate
1 264
2 200
-
-
surtax
5
9
-
-
income
253
465
-
-
total
258
474
-
-
Dividends
1 006
1 726
-
-
withholding

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

298
514
-
-
total
298
514
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 122
988
1 449
1 244
After tax
1 078
1 212
751
956
Living cost
370
370
370
370
Free-cash
708
842
382
586

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
€1095
€1027
€864
€820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
accident
-
-
-
8
income
-
-
-
688
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
970
Employee
504
-
1 901
-
other
-
-
1
-
income
106
-
653
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
713
-
Employer
504
-
1 901
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 535
2 200
-
-
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.

230
330
-
-
total
230
330
-
-
Dividends
1 304
1 870
-
-
withholding
278
409
-
-
total
278
409
-
-
Income
2 200
2 200
2 200
2 200
Total tax
807
739
1 014
970
After tax
1 393
1 461
1 186
1 230
Living cost
366
366
366
366
Free-cash
1 027
1 095
820
864

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
€702
€564
€489
€579
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
-
-
-
2 200
accident
-
-
-
19
income
-
-
-
408
pensions
-
-
-
330
health
-
-
-
155
surtax
-
-
-
109
communal
-
-
-
139
total
-
-
-
1 160
Employee
767
-
1 965
-
health
34
-
87
-
surtax
47
-
120
-
income
74
-
471
-
pensions
61
-
157
-
total
216
-
835
-
Employer
767
-
1 965
-
accident
7
-
18
-
pensions
61
-
157
-
health
23
-
60
-
total
91
-
235
-
Corporate
1 341
2 200
-
-
surtax
14
23
-
-
communal
91
148
-
-
income
201
330
-
-
total
306
501
-
-
Dividends
1 035
1 698
-
-
income
317
191
-
-
withholding
155
255
-
-
total
472
446
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 085
947
1 070
1 160
After tax
1 115
1 253
1 130
1 040
Living cost
551
551
551
551
Free-cash
564
702
579
489

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
€1156
€1122
€808
€746
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
-
-
-
2 200
income
-
-
-
682
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
114
total
-
-
-
1 164
Employee
341
-
1 915
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
102
-
income
57
-
621
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
941
-
Employer
341
-
1 915
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 787
2 200
-
-
income
465
572
-
-
total
465
572
-
-
Dividends
1 322
1 628
-
-
withholding
198
244
-
-
total
198
244
-
-
Income
2 200
2 200
2 200
2 200
Total tax
850
816
1 226
1 164
After tax
1 350
1 384
974
1 036
Living cost
228
228
228
228
Free-cash
1 122
1 156
746
808

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
€884
€861
€775
€690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
municipal
-
-
-
14
regional
-
-
-
34
national
-
-
-
597
social contributions
-
-
-
507
total
-
-
-
1 152
Employee
562
-
2 200
-
social contributions
190
-
665
-
regional
8
-
31
-
municipal
3
-
12
-
national
89
-
529
-
total
290
-
1 237
-
Employer
562
-
2 200
-
total
-
-
-
-
Corporate
1 638
2 200
-
-
nationa
393
528
-
-
municipal
81
109
-
-
total
474
637
-
-
Dividends
1 163
1 563
-
-
withholding
302
406
-
-
total
302
406
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 066
1 043
1 237
1 152
After tax
1 134
1 157
963
1 048
Living cost
273
273
273
273
Free-cash
861
884
690
775

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
€1216
€1108
€996
€901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
233
health
-
-
-
297
solidarity contribution
-
-
-
25
social contributions
-
-
-
350
total
-
-
-
905
Employee
440
-
1 744
-
social contributions
29
-
78
-
health
59
-
235
-
solidarity contribution
-
-
16
-
income
53
-
215
-
total
141
-
544
-
Employer
440
-
1 744
-
social contributions
110
-
299
-
health
40
-
157
-
total
150
-
456
-
Corporate
1 610
2 200
-
-
income
306
418
-
-
total
306
418
-
-
Dividends
1 304
1 782
-
-
withholding
196
267
-
-
total
196
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
793
685
1 000
905
After tax
1 407
1 515
1 200
1 295
Living cost
299
299
299
299
Free-cash
1 108
1 216
901
996

Estimated living cost  is €299 per week

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

Source of data for Prague model

Close
Graz , Austria
€892
€888
€807
€254
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
-
-
-
2 200
chamber of commerce
-
-
-
9
income
-
-
-
689
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 070
Employee
443
404
1 813
-
other
4
4
12
-
health
17
16
46
-
income
39
30
577
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
792
-
Employer
443
404
1 813
-
accident
6
5
15
-
other
21
19
81
-
chamber of commerce
2
2
7
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
54
-
health
17
15
45
-
total
128
116
387
-
Corporate
1 630
1 680
1 775
-
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.

407
420
444
-
total
407
420
444
-
Dividends
1 222
1 260
-
-
withholding
336
346
-
-
total
336
346
-
-
Income
2 200
2 200
2 200
2 200
Total tax
989
985
1 623
1 070
After tax
1 211
1 215
577
1 130
Living cost
323
323
323
323
Free-cash
888
892
254
807

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
€1946
€1919
€2034
€1616
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%.

-
-
-
2 200
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
180
-
2 200
-
income
36
-
440
-
total
36
-
440
-
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%.

2 020
2 200
-
-
total
-
-
-
-
Dividends
2 020
2 200
-
-
withholding
101
110
-
-
total
101
110
-
-
Income
2 200
2 200
2 200
2 200
Total tax
137
110
440
22
After tax
2 063
2 090
1 760
2 178
Living cost
144
144
144
144
Free-cash
1 919
1 946
1 616
2 034

Estimated living cost  is €144 per week

€98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€1243
€1158
€758
€710
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.

-
-
-
2 200
income
-
-
-
549
pensions
-
-
-
402
unemployment
-
-
-
3
health
-
-
-
216
total
-
-
-
1 170
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
-
1 904
-
health
29
-
123
-
income
77
-
501
-
pensions
69
-
295
-
unemployment
1
-
3
-
total
176
-
922
-
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
-
1 904
-
unemployment
-
-
1
-
pensions
40
-
168
-
health
30
-
127
-
total
70
-
296
-
Corporate
1 682
2 200
-
-
income
320
418
-
-
total
320
418
-
-
Dividends
1 363
1 782
-
-
withholding
204
267
-
-
total
204
267
-
-
Income
2 200
2 200
2 200
2 200
Total tax
770
685
1 218
1 170
After tax
1 430
1 515
982
1 030
Living cost
272
272
272
272
Free-cash
1 158
1 243
710
758

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
€899
€415
€1081
€1627
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
-
-
-
2 200
income
-
-
-
429
social contributions
-
-
-
251
total
-
-
-
680
Employee
630
-
-
-
social contributions
52
-
7
-
income
139
-
-
-
total
191
-
7
-
Employer
630
-
-
-
social contributions
888
-
127
-
total
888
-
127
-
Corporate
681
2 200
-
-
income
150
484
-
-
total
150
484
-
-
Dividends
532
1 716
-
-
income
117
378
-
-
total
117
378
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 346
862
134
680
After tax
854
1 338
2 066
1 520
Living cost
439
439
439
439
Free-cash
415
899
1 627
1 081

Estimated living cost  is €439 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
€933
€923
€834
€665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 200
income
-
-
-
284
surtax
-
-
-
-
social contributions

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

-
-
-
764
total
-
-
-
1 048
Employee
466
-
1 778
-
social contributions
51
-
196
-
surtax
-
-
1
-
income
97
-
598
-
total
148
-
795
-
Employer
466
-
1 778
-
social contributions
111
-
422
-
total
111
-
422
-
Corporate
1 623
2 200
-
-
surtax
-
-
-
-
income
341
462
-
-
total
341
462
-
-
Dividends
1 282
1 738
-
-
withholding
359
487
-
-
total
359
487
-
-
Income
2 200
2 200
2 200
2 200
Total tax
959
949
1 217
1 048
After tax
1 241
1 251
983
1 152
Living cost
318
318
318
318
Free-cash
923
933
665
834

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
€620
€690
€721
€662
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
-
-
-
2 200
income
-
-
-
400
pensions
-
-
-
353
other
-
-
-
68
health
-
-
-
106
surtax
-
-
-
-
social contributions
-
-
-
63
total
-
-
-
990
Employee
635
-
1 682
-
social contributions
18
-
48
-
surtax
-
-
-
-
income
55
-
357
-
pensions
72
-
126
-
total
145
-
531
-
Employer
635
-
1 682
-
other
22
-
69
-
social contributions
2
-
5
-
unemployment
26
-
68
-
pensions
104
-
210
-
health
44
-
166
-
total
198
-
518
-
Corporate
1 367
2 200
-
-
surtax
-
-
-
-
income
383
616
-
-
total
383
616
-
-
Dividends
984
1 584
-
-
surtax
-
-
-
-
social contributions
169
272
-
-
withholding
126
203
-
-
total
295
475
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 021
1 091
1 049
990
After tax
1 179
1 109
1 151
1 210
Living cost
489
489
489
489
Free-cash
690
620
662
721

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
€1675
€1642
€1301
€1359
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
-
-
-
2 200
income
-
-
-
110
social contributions
-
-
-
484
total
-
-
-
594
Employee
326
-
1 905
-
income
-
-
117
-
social contributions
21
-
124
-
total
21
-
241
-
Employer
326
-
1 905
-
social contributions
50
-
295
-
total
50
-
295
-
Corporate
1 824
2 200
-
-
income
182
220
-
-
total
182
220
-
-
Dividends
1 641
1 980
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
253
220
536
594
After tax
1 947
1 980
1 664
1 606
Living cost
305
305
305
305
Free-cash
1 642
1 675
1 359
1 301

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
-€9
-€9
€785
-€9
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
-
-
-
2 200
municipal
-
-
-
471
pensions
-
-
-
9
national
-
-
-
272
labour market
-
-
-
175
total
-
-
-
927
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 721
1 721
1 721
927
After tax
479
479
479
1 273
Living cost
488
488
488
488
Free-cash
-9
-9
-9
785

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
-€40
€144
€1283
€991
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
-
-
-
2 200
accident
-
-
-
3
income
-
-
-
628
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
699
Employee
342
-
2 007
-
health
39
-
230
-
income
47
-
490
-
pensions
39
-
77
-
total
125
-
797
-
Employer
342
-
2 007
-
accident
6
-
34
-
unemployment
8
-
49
-
pensions
56
-
111
-
total
70
-
194
-
Corporate
1 788
2 200
-
-
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.

1 609
1 980
-
-
total
1 609
1 980
-
-
Dividends
179
220
-
-
withholding
34
42
-
-
total
34
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 838
2 022
991
699
After tax
362
178
1 209
1 501
Living cost
218
218
218
218
Free-cash
144
-40
991
1 283

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€963
€996
€969
€718
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

-
-
-
2 200
municipal
-
-
-
391
health
-
-
-
30
national
-
-
-
421
total
-
-
-
842
Employee
533
-
1 851
-
health
4
-
24
-
municipal
87
-
301
-
pensions
36
-
125
-
unemployment
8
-
28
-
national
9
-
266
-
total
144
-
744
-
Employer
533
-
1 851
-
accident
1
-
2
-
unemployment
3
-
12
-
pensions
92
-
321
-
health
4
-
14
-
total
100
-
349
-
Corporate
1 566
2 200
-
-
income
313
440
-
-
total
313
440
-
-
Dividends

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

940
1 320
-
-
national
89
170
-
-
municipal
169
238
-
-
total
258
408
-
-
Income
2 200
2 200
2 200
2 200
Total tax
815
848
1 093
842
After tax
1 385
1 352
1 107
1 358
Living cost
389
389
389
389
Free-cash
996
963
718
969

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
€1368
€1314
€1248
€1231
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
-
-
-
2 200
income
-
-
-
497
health
-
-
-
56
social contributions
-
-
-
164
total
-
-
-
717
Employee
779
779
2 074
-
social contributions
29
65
87
-
health
6
13
35
-
income
85
72
487
-
total
120
150
609
-
Employer
779
779
2 074
-
social contributions
29
65
87
-
health
7
14
38
-
total
36
79
125
-
Corporate
1 809
1 342
-
-
income
226
168
-
-
total
226
168
-
-
Dividends
1 583
1 174
-
-
withholding
269
200
-
-
total
269
200
-
-
Income
2 200
2 200
2 200
2 200
Total tax
651
597
734
717
After tax
1 549
1 603
1 466
1 483
Living cost
235
235
235
235
Free-cash
1 314
1 368
1 231
1 248

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
€1661
€1609
€1711
€1507
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
-
-
-
2 200
income
-
-
-
227
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
328
Employee

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

233
-
2 101
-
health
20
-
82
-
income
16
-
202
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
433
-
Employer

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

233
-
2 101
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
1 943
2 200
-
-
income
175
198
-
-
total
175
198
-
-
Dividends
1 769
2 002
-
-
withholding
159
180
-
-
total
159
180
-
-
Income
2 200
2 200
2 200
2 200
Total tax
430
378
532
328
After tax
1 770
1 822
1 668
1 872
Living cost
161
161
161
161
Free-cash
1 609
1 661
1 507
1 711

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
€1182
€1138
€951
€907
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
-
-
-
2 200
accident
-
-
-
8
income
-
-
-
688
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
970
Employee
375
-
1 901
-
other
-
-
1
-
income
72
-
653
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
713
-
Employer
375
-
1 901
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 706
2 200
-
-
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.

256
330
-
-
total
256
330
-
-
Dividends
1 450
1 870
-
-
withholding
312
409
-
-
total
312
409
-
-
Income
2 200
2 200
2 200
2 200
Total tax
783
739
1 014
970
After tax
1 417
1 461
1 186
1 230
Living cost
279
279
279
279
Free-cash
1 138
1 182
907
951

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
€1345
€1340
€1386
€1384
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
-
-
-
2 200
income
-
-
-
751
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
786
Employee
42
-
2 177
-
health
2
-
5
-
income
8
-
750
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
765
-
Employer
42
-
2 177
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
2 148
2 200
-
-
income
473
484
-
-
total
473
484
-
-
Dividends
1 676
1 716
-
-
withholding
335
343
-
-
total
335
343
-
-
Income
2 200
2 200
2 200
2 200
Total tax
832
827
788
786
After tax
1 368
1 373
1 412
1 414
Living cost
28
28
28
28
Free-cash
1 340
1 345
1 384
1 386

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1415
€1364
€1234
€1232
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.

-
-
-
2 200
income
-
-
-
508
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
791
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
-
2 066
-
health
14
-
39
-
income
36
-
508
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
658
-
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
-
2 066
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 888
2 200
-
-
income
283
330
-
-
total
283
330
-
-
Dividends
1 605
1 870
-
-
withholding
241
280
-
-
total
241
280
-
-
Income
2 200
2 200
2 200
2 200
Total tax
661
610
793
791
After tax
1 539
1 590
1 407
1 409
Living cost
175
175
175
175
Free-cash
1 364
1 415
1 232
1 234

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
€978
€975
€879
€710
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.

-
-
-
2 200
income
-
-
-
284
surtax
-
-
-
-
social contributions

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

-
-
-
764
total
-
-
-
1 048
Employee
393
-
1 778
-
social contributions
43
-
196
-
surtax
-
-
1
-
income
77
-
598
-
total
120
-
795
-
Employer
393
-
1 778
-
social contributions
93
-
422
-
total
93
-
422
-
Corporate
1 713
2 200
-
-
surtax
-
-
-
-
income
360
462
-
-
total
360
462
-
-
Dividends
1 354
1 738
-
-
withholding
379
487
-
-
total
379
487
-
-
Income
2 200
2 200
2 200
2 200
Total tax
952
949
1 217
1 048
After tax
1 248
1 251
983
1 152
Living cost
273
273
273
273
Free-cash
975
978
710
879

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
€1105
€1039
€874
€830
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
-
-
-
2 200
accident
-
-
-
8
income
-
-
-
688
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
970
Employee
489
-
1 901
-
other
-
-
1
-
income
102
-
653
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
713
-
Employer
489
-
1 901
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 555
2 200
-
-
income

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

233
330
-
-
total
233
330
-
-
Dividends
1 321
1 870
-
-
withholding
282
409
-
-
total
282
409
-
-
Income
2 200
2 200
2 200
2 200
Total tax
805
739
1 014
970
After tax
1 395
1 461
1 186
1 230
Living cost
356
356
356
356
Free-cash
1 039
1 105
830
874

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
€1707
€1645
€1602
€1693
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
-
-
-
2 200
income
-
-
-
330
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
-
-
-
424
Employee
231
-
2 131
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
213
-
pensions

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

20
-
31
-
total
57
-
264
-
Employer
231
-
2 131
-
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
1 924
2 200
-
-
income
192
220
-
-
total
192
220
-
-
Dividends
1 731
1 980
-
-
withholding
87
99
-
-
total
87
99
-
-
Income
2 200
2 200
2 200
2 200
Total tax
381
319
333
424
After tax
1 819
1 881
1 867
1 776
Living cost
174
174
174
174
Free-cash
1 645
1 707
1 693
1 602

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
€740
€875
€726
€974
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.

-
-
-
2 200
trade
-
-
-
248
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.

-
-
-
726
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.

-
-
-
40
total
-
-
-
1 083
Employee

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

504
-
2 200
-
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
-
40
-
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
-
726
-
total
112
-
835
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 696
2 200
-
-
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
254
330
-
-
trade
243
316
-
-
chamber of commerce
4
5
-
-
total
515
669
-
-
Dividends
1 180
1 531
-
-
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
21
-
-
withholding
291
379
-
-
total
307
400
-
-
Income
2 200
2 200
2 200
2 200
Total tax
934
1 069
835
1 083
After tax
1 266
1 131
1 365
1 117
Living cost
391
391
391
391
Free-cash
875
740
974
726

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
€963
€985
€534
€534
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
-
-
-
2 200
income
-
-
-
712
social contributions
-
-
-
377
total
-
-
-
1 089
Employee
793
-
2 200
-
income
150
-
712
-
social contributions
66
-
377
-
total
216
-
1 089
-
Employer
793
-
2 200
-
total
-
-
-
-
Corporate
1 407
2 200
-
-
income
176
275
-
-
total
176
275
-
-
Dividends
1 231
1 925
-
-
withholding
246
385
-
-
total
246
385
-
-
Income
2 200
2 200
2 200
2 200
Total tax
638
660
1 089
1 089
After tax
1 562
1 540
1 111
1 111
Living cost
577
577
577
577
Free-cash
985
963
534
534

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
€1008
€1043
€1434
€1170
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.

-
-
-
2 200
income
-
-
-
330
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
-
-
-
398
Employee
465
-
2 153
-
income
50
-
568
-
social contributions
47
-
47
-
total
97
-
615
-
Employer
465
-
2 153
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 689
2 200
-
-
income
591
770
-
-
total
591
770
-
-
Dividends
1 098
1 430
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 200
2 200
2 200
2 200
Total tax
789
824
662
398
After tax
1 411
1 376
1 538
1 802
Living cost
368
368
368
368
Free-cash
1 043
1 008
1 170
1 434

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
€1017
€1077
€1049
€853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 200
income
-
-
-
671
pensions
-
-
-
100
total
-
-
-
771
Employee
521
-
1 918
-
health
7
-
26
-
income
95
-
540
-
pensions
40
-
120
-
total
142
-
686
-
Employer
521
-
1 918
-
pensions
53
-
245
-
health
10
-
36
-
total
63
-
281
-
Corporate
1 616
2 200
-
-
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.

307
418
-
-
total
307
418
-
-
Dividends
1 309
1 782
-
-
withholding
231
385
-
-
total
231
385
-
-
Income
2 200
2 200
2 200
2 200
Total tax
743
803
967
771
After tax
1 457
1 397
1 233
1 429
Living cost
380
380
380
380
Free-cash
1 077
1 017
853
1 049

Estimated living cost  is €380 per week

€261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€61
€143
€1262
€970
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
-
-
-
2 200
accident
-
-
-
3
income
-
-
-
628
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
699
Employee
376
-
2 007
-
health
43
-
230
-
income
52
-
490
-
pensions
42
-
77
-
total
137
-
797
-
Employer
376
-
2 007
-
accident
6
-
34
-
unemployment
9
-
49
-
pensions
61
-
111
-
total
76
-
194
-
Corporate
1 747
2 200
-
-
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.

1 572
1 980
-
-
total
1 572
1 980
-
-
Dividends
175
220
-
-
withholding
33
42
-
-
total
33
42
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 818
2 022
991
699
After tax
382
178
1 209
1 501
Living cost
239
239
239
239
Free-cash
143
-61
970
1 262

Estimated living cost  is €239 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1546
€1516
€1249
€1471
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.

-
-
-
2 200
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
369
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
814
Employee

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

219
-
2 200
-
work injury
1
-
4
-
income
22
-
369
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
592
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 981
2 200
-
-
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%.

198
220
-
-
total
198
220
-
-
Dividends
1 783
1 980
-
-
withholding
267
297
-
-
total
267
297
-
-
Income
2 200
2 200
2 200
2 200
Total tax
547
517
592
814
After tax
1 653
1 683
1 608
1 386
Living cost
137
137
137
137
Free-cash
1 516
1 546
1 471
1 249

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
€755
€709
€624
€540
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
-
-
-
2 200
municipal
-
-
-
15
regional
-
-
-
53
national
-
-
-
597
social contributions
-
-
-
507
total
-
-
-
1 172
Employee
854
-
2 200
-
social contributions
288
-
665
-
regional
13
-
48
-
municipal
5
-
14
-
national
144
-
529
-
total
450
-
1 256
-
Employer
854
-
2 200
-
total
-
-
-
-
Corporate
1 346
2 200
-
-
nationa
323
528
-
-
municipal
65
106
-
-
total
388
634
-
-
Dividends
958
1 566
-
-
withholding
249
407
-
-
total
249
407
-
-
Income
2 200
2 200
2 200
2 200
Total tax
1 087
1 041
1 256
1 172
After tax
1 113
1 159
944
1 028
Living cost
404
404
404
404
Free-cash
709
755
540
624

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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