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
€ 2250
per

Your estimated
City
free-cash

Dresden , Germany
€806
€1086
€940
€826
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.

-
-
-
2 250
trade
-
-
-
280
health

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

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

-
-
-
69
income

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

-
-
-
747
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.

-
-
-
41
total
-
-
-
1 137
Employee

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

388
-
2 250
-
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
-
41
-
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
-
747
-
health

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

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

69
-
69
-
total
81
-
857
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 862
2 250
-
-
trade
293
354
-
-
surtax

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

15
19
-
-
income
279
338
-
-
chamber of commerce
4
5
-
-
total
591
716
-
-
Dividends
1 270
1 535
-
-
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
21
-
-
withholding
314
380
-
-
total
331
401
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 003
1 117
857
1 137
After tax
1 247
1 133
1 393
1 113
Living cost
307
307
307
307
Free-cash
940
826
1 086
806

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
€772
€783
€883
€893
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
-
-
-
2 250
social contributions
-
-
-
24
municipal
-
-
-
250
national
-
-
-
423
pensions
-
-
-
270
total
-
-
-
967
Employee
793
-
1 945
-
pensions
32
-
78
-
national
152
-
442
-
municipal
98
-
259
-
total
282
-
779
-
Employer
793
-
1 945
-
pensions
63
-
156
-
social contributions
9
-
21
-
total
72
-
177
-
Corporate
1 333
2 250
-
-
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%.

267
450
-
-
total
267
450
-
-
Dividends
1 067
1 800
-
-
withholding
235
396
-
-
total
235
396
-
-
Income
2 250
2 250
2 250
2 250
Total tax
856
846
956
967
After tax
1 394
1 404
1 294
1 283
Living cost
511
511
511
511
Free-cash
883
893
783
772

Estimated living cost  is €511 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€605
€766
€1505
€1589
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.

-
-
-
2 250
social contributions

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

-
-
-
388
income
-
-
-
472
microenterprise
-
-
-
-
surtax
-
-
-
574
total
-
-
-
1 434
Employee
296
-
1 765
-
income
53
-
399
-
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
-
-
256
-
total
86
-
788
-
Employer
296
-
1 765
-
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
-
-
194
-
total
71
-
485
-
Corporate
1 883
2 250
-
-
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%.

377
450
-
-
total
377
450
-
-
Dividends

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

1 506
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
534
450
1 273
1 434
After tax
1 716
1 800
977
816
Living cost
211
211
211
211
Free-cash
1 505
1 589
766
605

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
€785
€1013
€634
€695
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
-
-
-
2 250
health
-
-
-
125
income
-
-
-
796
pensions
-
-
-
119
total
-
-
-
1 040
Employee
865
865
2 062
-
income

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

142
142
379
-
pensions
156
119
119
-
health
133
113
125
-
total
431
374
623
-
Employer
865
865
2 062
-
pensions
60
60
75
-
health
60
60
75
-
unemployment
31
31
39
-
total
151
151
189
-
Corporate
1 244
1 233
-
-
income
249
247
-
-
total
249
247
-
-
Dividends
995
986
-
-
withholding
149
148
-
-
income
211
210
-
-
total
360
358
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 191
1 130
812
1 040
After tax
1 059
1 120
1 438
1 210
Living cost
425
425
425
425
Free-cash
634
695
1 013
785

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
€733
€722
€829
€838
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
-
-
-
2 250
other
-
-
-
99
unemployment
-
-
-
1
accident
-
-
-
2
municipal
-
-
-
597
health
-
-
-
53
national
-
-
-
283
pensions
-
-
-
92
total
-
-
-
1 127
Employee
555
-
1 982
-
national
-
-
278
-
municipal
166
-
591
-
total
166
-
869
-
Employer
555
-
1 982
-
pensions
60
-
92
-
other
65
-
99
-
accident
1
-
2
-
health
34
-
53
-
unemployment
15
-
23
-
total
175
-
269
-
Corporate
1 520
2 250
-
-
income
334
495
-
-
total
334
495
-
-
Dividends
1 186
1 755
-
-
withholding
356
527
-
-
total
356
527
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 031
1 022
1 138
1 127
After tax
1 219
1 228
1 112
1 123
Living cost
390
390
390
390
Free-cash
829
838
722
733

Estimated living cost  is €390 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€702
€995
€868
€723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 250
trade
-
-
-
293
health

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

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

-
-
-
69
income

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

-
-
-
747
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.

-
-
-
41
total
-
-
-
1 150
Employee

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

514
-
2 250
-
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
-
41
-
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
-
747
-
health

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

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

69
-
69
-
total
115
-
857
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 736
2 250
-
-
trade
286
370
-
-
surtax

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

14
19
-
-
income
260
338
-
-
chamber of commerce
4
5
-
-
total
564
732
-
-
Dividends
1 172
1 519
-
-
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
289
376
-
-
total
305
397
-
-
Income
2 250
2 250
2 250
2 250
Total tax
984
1 129
857
1 150
After tax
1 266
1 121
1 393
1 100
Living cost
398
398
398
398
Free-cash
868
723
995
702

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
€1186
€1168
€1269
€1311
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
-
-
-
2 250
social contributions
-
-
-
164
health
-
-
-
57
income
-
-
-
514
total
-
-
-
735
Employee
779
779
2 123
-
income
82
72
504
-
social contributions
38
65
87
-
health
8
13
36
-
total
128
150
627
-
Employer
779
779
2 123
-
health
8
14
39
-
social contributions
38
65
87
-
total
46
79
126
-
Corporate
1 748
1 392
-
-
income
218
174
-
-
total
218
174
-
-
Dividends
1 529
1 218
-
-
withholding
260
207
-
-
total
260
207
-
-
Income
2 250
2 250
2 250
2 250
Total tax
652
610
753
735
After tax
1 598
1 640
1 497
1 515
Living cost
329
329
329
329
Free-cash
1 269
1 311
1 168
1 186

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
€1373
€1120
€1081
€1077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
unemployment
-
-
-
34
health
-
-
-
158
income
-
-
-
275
pensions
-
-
-
225
total
-
-
-
692
Employee

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

The minimum wage is 138,000 HUF per month.

267
106
1 883
-
income
33
13
230
-
pensions
27
11
188
-
unemployment
4
2
28
-
health
19
7
132
-
total
83
33
578
-
Employer

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

The minimum wage is 138,000 HUF per month.

267
106
1 883
-
pensions
52
21
367
-
total
52
21
367
-
Corporate
1 931
2 123
-
-
income
174
191
-
-
total
174
191
-
-
Dividends
1 757
1 932
-
-
social contributions
341
376
-
-
withholding
334
367
-
-
total
675
743
-
-
Income
2 250
2 250
2 250
2 250
Total tax
984
988
945
692
After tax
1 266
1 262
1 305
1 558
Living cost
185
185
185
185
Free-cash
1 081
1 077
1 120
1 373

Estimated living cost  is €185 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€961
€1052
€1492
€1555
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
-
-
-
2 250
health
-
-
-
292
income
-
-
-
302
pensions
-
-
-
450
total
-
-
-
1 044
Employee
287
-
1 682
-
income
32
-
324
-
pensions
6
-
34
-
unemployment
5
-
27
-
total
43
-
385
-
Employer
287
-
1 682
-
pensions
58
-
336
-
health
37
-
219
-
unemployment
2
-
13
-
total
97
-
568
-
Corporate
1 865
2 250
-
-
income
373
450
-
-
total
373
450
-
-
Dividends
1 492
1 800
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
513
450
953
1 044
After tax
1 737
1 800
1 297
1 206
Living cost
245
245
245
245
Free-cash
1 492
1 555
1 052
961

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
€1314
€1018
€148
-€40
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
-
-
-
2 250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
643
pensions
-
-
-
42
total
-
-
-
714
Employee
349
-
2 054
-
income
48
-
503
-
pensions
39
-
77
-
health
40
-
235
-
total
127
-
815
-
Employer
349
-
2 054
-
pensions
57
-
111
-
accident
6
-
34
-
unemployment
9
-
50
-
total
72
-
195
-
Corporate
1 829
2 250
-
-
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.

1 646
2 025
-
-
total
1 646
2 025
-
-
Dividends
183
225
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 880
2 068
1 010
714
After tax
370
182
1 240
1 536
Living cost
222
222
222
222
Free-cash
148
-40
1 018
1 314

Estimated living cost  is €222 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€2137
€1709
€2029
€2047
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%.

-
-
-
2 250
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
114
-
2 250
-
income
23
-
450
-
total
23
-
450
-
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%.

2 136
2 250
-
-
total
-
-
-
-
Dividends
2 136
2 250
-
-
withholding
107
112
-
-
total
107
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
130
112
450
22
After tax
2 120
2 138
1 800
2 228
Living cost
91
91
91
91
Free-cash
2 029
2 047
1 709
2 137

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€1077
€1058
€1314
€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
-
-
-
2 250
other
-
-
-
73
health
-
-
-
68
income
-
-
-
392
pensions

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

-
-
-
370
total
-
-
-
903
Employee
368
-
1 859
-
income
63
-
386
-
pensions

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

26
-
108
-
unemployment
4
-
15
-
health
5
-
22
-
total
98
-
531
-
Employer
368
-
1 859
-
pensions

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

63
-
262
-
other
18
-
77
-
accident
3
-
15
-
health
5
-
22
-
unemployment
4
-
15
-
total
93
-
391
-
Corporate
1 789
2 250
-
-
income
376
472
-
-
total
376
472
-
-
Dividends
1 414
1 778
-
-
withholding
99
124
-
-
total
99
124
-
-
Income
2 250
2 250
2 250
2 250
Total tax
666
596
922
903
After tax
1 584
1 654
1 328
1 347
Living cost
270
270
270
270
Free-cash
1 314
1 384
1 058
1 077

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
€776
€575
€824
€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
-
-
-
2 250
income
-
-
-
691
pensions
-
-
-
101
total
-
-
-
792
Employee
964
-
1 961
-
income
174
-
557
-
pensions
93
-
121
-
health
16
-
27
-
total
283
-
705
-
Employer
964
-
1 961
-
pensions
114
-
251
-
health
18
-
37
-
total
132
-
288
-
Corporate
1 153
2 250
-
-
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.

219
427
-
-
total
219
427
-
-
Dividends
934
1 823
-
-
withholding
110
399
-
-
total
110
399
-
-
Income
2 250
2 250
2 250
2 250
Total tax
744
826
993
792
After tax
1 506
1 424
1 257
1 458
Living cost
682
682
682
682
Free-cash
824
742
575
776

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1685
€1779
€1744
€1791
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
-
-
-
2 250
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
338
pensions

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

-
-
-
52
total
-
-
-
432
Employee
176
-
2 181
-
income
18
-
218
-
pensions

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

15
-
31
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
43
-
269
-
Employer
176
-
2 181
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
2 040
2 250
-
-
income
204
225
-
-
total
204
225
-
-
Dividends
1 836
2 025
-
-
withholding
92
101
-
-
total
92
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
373
326
338
432
After tax
1 877
1 924
1 912
1 818
Living cost
133
133
133
133
Free-cash
1 744
1 791
1 779
1 685

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
€648
€876
€584
€558
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
-
-
-
2 250
health
-
-
-
125
income
-
-
-
796
pensions
-
-
-
119
total
-
-
-
1 040
Employee
940
865
2 062
-
income

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

142
142
379
-
pensions
119
119
119
-
health
117
113
125
-
total
378
374
623
-
Employer
940
865
2 062
-
pensions
65
60
75
-
health
65
60
75
-
unemployment
34
31
39
-
total
164
151
189
-
Corporate
1 146
1 233
-
-
income
229
247
-
-
total
229
247
-
-
Dividends
917
986
-
-
withholding
138
148
-
-
income
195
210
-
-
total
333
358
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 104
1 130
812
1 040
After tax
1 146
1 120
1 438
1 210
Living cost
562
562
562
562
Free-cash
584
558
876
648

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
€1086
€987
€1221
€1306
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
-
-
-
2 250
social contributions
-
-
-
350
health
-
-
-
304
income
-
-
-
239
solidarity contribution
-
-
-
28
total
-
-
-
921
Employee
358
-
1 789
-
income
43
-
220
-
solidarity contribution
-
-
19
-
social contributions
23
-
78
-
health
48
-
242
-
total
114
-
559
-
Employer
358
-
1 789
-
health
32
-
161
-
social contributions
89
-
300
-
total
121
-
461
-
Corporate
1 770
2 250
-
-
income
336
428
-
-
total
336
428
-
-
Dividends
1 434
1 822
-
-
withholding
215
273
-
-
total
215
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
786
701
1 020
921
After tax
1 464
1 549
1 230
1 329
Living cost
243
243
243
243
Free-cash
1 221
1 306
987
1 086

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
€655
€568
€719
€772
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
-
-
-
2 250
social contributions
-
-
-
507
municipal
-
-
-
14
national
-
-
-
618
regional
-
-
-
28
total
-
-
-
1 167
Employee
901
-
2 250
-
national
156
-
550
-
social contributions
304
-
665
-
municipal
5
-
13
-
regional
8
-
26
-
total
473
-
1 254
-
Employer
901
-
2 250
-
total
-
-
-
-
Corporate
1 349
2 250
-
-
nationa
324
540
-
-
municipal
53
88
-
-
total
377
628
-
-
Dividends
973
1 622
-
-
withholding
253
422
-
-
total
253
422
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 103
1 050
1 254
1 167
After tax
1 147
1 200
996
1 083
Living cost
428
428
428
428
Free-cash
719
772
568
655

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
€836
€773
€1159
€1191
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
-
-
-
2 250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
704
surtax
-
-
-
118
pensions
-
-
-
270
total
-
-
-
1 190
Employee
335
-
1 965
-
income
56
-
644
-
pensions
22
-
90
-
unemployment
23
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
106
-
total
111
-
968
-
Employer
335
-
1 965
-
pensions
45
-
180
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
total
71
-
285
-
Corporate
1 844
2 250
-
-
income
480
585
-
-
total
480
585
-
-
Dividends
1 365
1 665
-
-
withholding
205
250
-
-
total
205
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
867
835
1 253
1 190
After tax
1 383
1 415
997
1 060
Living cost
224
224
224
224
Free-cash
1 159
1 191
773
836

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
€992
€791
€1026
€958
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
-
-
-
2 250
income
-
-
-
691
pensions
-
-
-
101
total
-
-
-
792
Employee
646
-
1 961
-
income
116
-
557
-
pensions
55
-
121
-
health
9
-
27
-
total
180
-
705
-
Employer
646
-
1 961
-
pensions
70
-
251
-
health
12
-
37
-
total
82
-
288
-
Corporate
1 521
2 250
-
-
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.

289
427
-
-
total
289
427
-
-
Dividends
1 232
1 823
-
-
withholding
207
399
-
-
total
207
399
-
-
Income
2 250
2 250
2 250
2 250
Total tax
758
826
993
792
After tax
1 492
1 424
1 257
1 458
Living cost
466
466
466
466
Free-cash
1 026
958
791
992

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€1019
€937
€592
€263
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
-
-
-
2 250
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.

-
-
-
45
health
-
-
-
5
city
-
-
-
24
national
-
-
-
58
regional
-
-
-
126
pensions
-
-
-
207
total
-
-
-
465
Employee
896
-
2 025
-
pensions
75
-
157
-
national
4
-
48
-
unemployment
-
-
-
-
city
10
-
22
-
health
2
-
5
-
regional
29
-
112
-
total
120
-
344
-
Employer
896
-
2 025
-
pensions
75
-
157
-
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
-
41
-
health
2
-
5
-
unemployment
-
-
-
-
total
95
-
203
-
Corporate
1 248
2 250
-
-
regional
264
476
-
-
national
106
191
-
-
total
370
667
-
-
Dividends
878
1 583
-
-
withholding
307
554
-
-
total
307
554
-
-
Income
2 250
2 250
2 250
2 250
Total tax
892
1 221
547
465
After tax
1 358
1 029
1 703
1 785
Living cost
766
766
766
766
Free-cash
592
263
937
1 019

Estimated living cost  is €766 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€624
€929
€811
€646
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.

-
-
-
2 250
trade
-
-
-
305
health

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

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

-
-
-
69
income

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

-
-
-
747
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.

-
-
-
41
total
-
-
-
1 162
Employee

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

609
-
2 250
-
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
-
41
-
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
-
747
-
health

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

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

69
-
69
-
total
145
-
857
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 641
2 250
-
-
trade
281
386
-
-
surtax

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

14
19
-
-
income
246
338
-
-
chamber of commerce
4
5
-
-
total
545
748
-
-
Dividends
1 096
1 503
-
-
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
270
372
-
-
total
285
392
-
-
Income
2 250
2 250
2 250
2 250
Total tax
975
1 140
857
1 162
After tax
1 275
1 110
1 393
1 088
Living cost
464
464
464
464
Free-cash
811
646
929
624

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
€886
€823
€847
€787
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
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
110
income
-
-
-
416
surtax
-
-
-
-
pensions
-
-
-
357
total
-
-
-
1 017
Employee
434
-
1 718
-
income
26
-
369
-
pensions
49
-
129
-
social contributions
12
-
49
-
surtax
-
-
-
-
total
87
-
547
-
Employer
434
-
1 718
-
pensions
71
-
216
-
other
15
-
71
-
health
30
-
171
-
unemployment
18
-
70
-
social contributions
1
-
5
-
total
135
-
533
-
Corporate
1 681
2 250
-
-
surtax
-
-
-
-
income
471
630
-
-
total
471
630
-
-
Dividends
1 210
1 620
-
-
surtax
-
-
-
-
social contributions
208
279
-
-
withholding
155
207
-
-
total
363
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 056
1 116
1 080
1 017
After tax
1 194
1 134
1 170
1 233
Living cost
347
347
347
347
Free-cash
847
787
823
886

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
€921
€858
€877
€822
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
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
110
income
-
-
-
416
surtax
-
-
-
-
pensions
-
-
-
357
total
-
-
-
1 017
Employee
387
-
1 718
-
income
20
-
369
-
pensions
44
-
129
-
social contributions
11
-
49
-
surtax
-
-
-
-
total
75
-
547
-
Employer
387
-
1 718
-
pensions
64
-
216
-
other
13
-
71
-
health
27
-
171
-
unemployment
16
-
70
-
social contributions
1
-
5
-
total
121
-
533
-
Corporate
1 742
2 250
-
-
surtax
-
-
-
-
income
488
630
-
-
total
488
630
-
-
Dividends
1 254
1 620
-
-
surtax
-
-
-
-
social contributions
216
279
-
-
withholding
161
207
-
-
total
377
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 061
1 116
1 080
1 017
After tax
1 189
1 134
1 170
1 233
Living cost
312
312
312
312
Free-cash
877
822
858
921

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
€1230
€1170
€1164
€1158
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
-
-
-
2 250
social contributions
-
-
-
310
health
-
-
-
157
income
-
-
-
338
total
-
-
-
805
Employee
344
-
2 250
-
income
57
-
398
-
social contributions
47
-
310
-
health
24
-
157
-
total
128
-
865
-
Employer
344
-
2 250
-
total
-
-
-
-
Corporate
1 906
2 250
-
-
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%.

95
112
-
-
total
95
112
-
-
Dividends
1 811
2 138
-
-
social contributions
250
295
-
-
health
126
149
-
-
withholding
272
321
-
-
total
648
765
-
-
Income
2 250
2 250
2 250
2 250
Total tax
871
877
865
805
After tax
1 379
1 373
1 385
1 445
Living cost
215
215
215
215
Free-cash
1 164
1 158
1 170
1 230

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
€796
€231
€867
€884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
chamber of commerce
-
-
-
9
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
714
surtax
-
-
-
2
pensions
-
-
-
219
total
-
-
-
1 097
Employee
506
404
1 858
-
income
58
30
599
-
pensions
52
41
121
-
unemployment
15
12
36
-
health
20
16
46
-
other
5
4
12
-
total
150
103
814
-
Employer
506
404
1 858
-
pensions
64
51
149
-
other
24
19
83
-
accident
7
5
15
-
health
19
15
45
-
payroll
15
12
56
-
chamber of commerce
2
2
7
-
unemployment
15
12
36
-
surtax
2
2
2
-
total
148
118
393
-
Corporate
1 596
1 728
1 820
-
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.

399
432
455
-
total
399
432
455
-
Dividends
1 197
1 296
-
-
withholding
329
356
-
-
total
329
356
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 026
1 009
1 662
1 097
After tax
1 224
1 241
588
1 153
Living cost
357
357
357
357
Free-cash
867
884
231
796

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
€608
€396
€736
€866
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
-
-
-
2 250
social contributions
-
-
-
253
communal

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

-
-
-
120
national
-
-
-
899
total
-
-
-
1 272
Employee

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

725
-
1 743
-
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
-
131
-
national
223
-
658
-
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
-
communal

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

38
-
91
-
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
-
82
-
total
355
-
977
-
Employer

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

725
-
1 743
-
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
-
154
-
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
-
23
-
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
-
107
-
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
-
198
-
total
211
-
507
-
Corporate
1 314
2 250
-
-
surtax
5
10
-
-
income
263
479
-
-
total
268
489
-
-
Dividends
1 046
1 761
-
-
withholding

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

310
525
-
-
total
310
525
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 144
1 014
1 484
1 272
After tax
1 106
1 236
766
978
Living cost
370
370
370
370
Free-cash
736
866
396
608

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
€891
€847
€1059
€1128
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
-
-
-
2 250
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
711
pensions
-
-
-
266
total
-
-
-
993
Employee
504
-
1 951
-
income
106
-
676
-
pensions
24
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
138
-
736
-
Employer
504
-
1 951
-
pensions
119
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
28
-
52
-
total
161
-
301
-
Corporate
1 585
2 250
-
-
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.

238
338
-
-
total
238
338
-
-
Dividends
1 347
1 912
-
-
withholding
288
418
-
-
total
288
418
-
-
Income
2 250
2 250
2 250
2 250
Total tax
825
756
1 037
993
After tax
1 425
1 494
1 213
1 257
Living cost
366
366
366
366
Free-cash
1 059
1 128
847
891

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
€509
€600
€587
€724
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
-
-
-
2 250
accident
-
-
-
19
health
-
-
-
158
income
-
-
-
422
communal
-
-
-
142
surtax
-
-
-
112
pensions
-
-
-
337
total
-
-
-
1 190
Employee
767
-
2 010
-
income
74
-
486
-
pensions
61
-
161
-
health
34
-
89
-
surtax
47
-
123
-
total
216
-
859
-
Employer
767
-
2 010
-
pensions
61
-
161
-
accident
7
-
18
-
health
23
-
61
-
total
91
-
240
-
Corporate
1 391
2 250
-
-
communal
94
152
-
-
surtax
15
24
-
-
income
209
338
-
-
total
318
514
-
-
Dividends
1 074
1 737
-
-
withholding
161
261
-
-
income
326
200
-
-
total
487
461
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 112
975
1 099
1 190
After tax
1 138
1 275
1 151
1 060
Living cost
551
551
551
551
Free-cash
587
724
600
509

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
€832
€769
€1153
€1187
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
-
-
-
2 250
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
income
-
-
-
704
surtax
-
-
-
118
pensions
-
-
-
270
total
-
-
-
1 190
Employee
341
-
1 965
-
income
57
-
644
-
pensions
23
-
90
-
unemployment
24
-
94
-
health
9
-
34
-
other
-
-
-
-
surtax
1
-
106
-
total
114
-
968
-
Employer
341
-
1 965
-
pensions
46
-
180
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
total
73
-
285
-
Corporate
1 837
2 250
-
-
income
478
585
-
-
total
478
585
-
-
Dividends
1 359
1 665
-
-
withholding
204
250
-
-
total
204
250
-
-
Income
2 250
2 250
2 250
2 250
Total tax
869
835
1 253
1 190
After tax
1 381
1 415
997
1 060
Living cost
228
228
228
228
Free-cash
1 153
1 187
769
832

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
€803
€717
€886
€909
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
-
-
-
2 250
social contributions
-
-
-
507
municipal
-
-
-
14
national
-
-
-
618
regional
-
-
-
35
total
-
-
-
1 174
Employee
562
-
2 250
-
national
89
-
550
-
social contributions
190
-
665
-
municipal
3
-
13
-
regional
8
-
32
-
total
290
-
1 260
-
Employer
562
-
2 250
-
total
-
-
-
-
Corporate
1 688
2 250
-
-
nationa
405
540
-
-
municipal
84
112
-
-
total
489
652
-
-
Dividends
1 199
1 598
-
-
withholding
312
416
-
-
total
312
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 091
1 068
1 260
1 174
After tax
1 159
1 182
990
1 076
Living cost
273
273
273
273
Free-cash
886
909
717
803

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
€1029
€930
€1141
€1249
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
-
-
-
2 250
social contributions
-
-
-
350
health
-
-
-
304
income
-
-
-
239
solidarity contribution
-
-
-
28
total
-
-
-
921
Employee
441
-
1 789
-
income
53
-
220
-
solidarity contribution
-
-
19
-
social contributions
29
-
78
-
health
60
-
242
-
total
142
-
559
-
Employer
441
-
1 789
-
health
40
-
161
-
social contributions
110
-
300
-
total
150
-
461
-
Corporate
1 659
2 250
-
-
income
315
428
-
-
total
315
428
-
-
Dividends
1 344
1 822
-
-
withholding
202
273
-
-
total
202
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
809
701
1 020
921
After tax
1 441
1 549
1 230
1 329
Living cost
300
300
300
300
Free-cash
1 141
1 249
930
1 029

Estimated living cost  is €300 per week

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

Source of data for Prague model

Close
Graz , Austria
€832
€267
€915
€919
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
-
-
-
2 250
chamber of commerce
-
-
-
9
unemployment
-
-
-
62
health
-
-
-
91
income
-
-
-
714
surtax
-
-
-
-
pensions
-
-
-
219
total
-
-
-
1 095
Employee
443
404
1 860
-
income
39
30
599
-
pensions
45
41
121
-
unemployment
13
12
36
-
health
17
16
46
-
other
4
4
12
-
total
118
103
814
-
Employer
443
404
1 860
-
pensions
56
51
149
-
other
21
19
83
-
accident
6
5
15
-
health
17
15
45
-
payroll
13
12
56
-
chamber of commerce
2
2
7
-
unemployment
13
12
36
-
surtax
-
-
-
-
total
128
116
391
-
Corporate
1 680
1 730
1 821
-
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.

420
432
455
-
total
420
432
455
-
Dividends
1 260
1 297
-
-
withholding
346
357
-
-
total
346
357
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 012
1 008
1 660
1 095
After tax
1 238
1 242
590
1 155
Living cost
323
323
323
323
Free-cash
915
919
267
832

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
€2086
€1658
€1968
€1996
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%.

-
-
-
2 250
microenterprise

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

-
-
-
22
total
-
-
-
22
Employee
178
-
2 250
-
income
36
-
450
-
total
36
-
450
-
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%.

2 072
2 250
-
-
total
-
-
-
-
Dividends
2 072
2 250
-
-
withholding
104
112
-
-
total
104
112
-
-
Income
2 250
2 250
2 250
2 250
Total tax
140
112
450
22
After tax
2 110
2 138
1 800
2 228
Living cost
142
142
142
142
Free-cash
1 968
1 996
1 658
2 086

Estimated living cost  is €142 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€776
€726
€1193
€1277
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.

-
-
-
2 250
unemployment
-
-
-
3
health
-
-
-
221
income
-
-
-
567
pensions
-
-
-
411
total
-
-
-
1 202
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
-
1 947
-
income
77
-
518
-
pensions
69
-
302
-
unemployment
1
-
3
-
health
29
-
126
-
total
176
-
949
-
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
-
1 947
-
pensions
40
-
172
-
health
30
-
130
-
unemployment
-
-
1
-
total
70
-
303
-
Corporate
1 732
2 250
-
-
income
329
428
-
-
total
329
428
-
-
Dividends
1 403
1 822
-
-
withholding
210
273
-
-
total
210
273
-
-
Income
2 250
2 250
2 250
2 250
Total tax
785
701
1 252
1 202
After tax
1 465
1 549
998
1 048
Living cost
272
272
272
272
Free-cash
1 193
1 277
726
776

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
€1118
€1681
€453
€933
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
-
-
-
2 250
social contributions
-
-
-
257
income
-
-
-
439
total
-
-
-
696
Employee
625
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
625
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
743
2 250
-
-
income
163
495
-
-
total
163
495
-
-
Dividends
579
1 755
-
-
income
127
386
-
-
total
127
386
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 361
881
133
696
After tax
889
1 369
2 117
1 554
Living cost
436
436
436
436
Free-cash
453
933
1 681
1 118

Estimated living cost  is €436 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
€857
€682
€952
€962
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.

-
-
-
2 250
social contributions

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

-
-
-
782
income
-
-
-
293
surtax
-
-
-
-
total
-
-
-
1 075
Employee
466
-
1 818
-
income
97
-
616
-
social contributions
51
-
200
-
surtax
-
-
2
-
total
148
-
818
-
Employer
466
-
1 818
-
social contributions
111
-
432
-
total
111
-
432
-
Corporate
1 673
2 250
-
-
surtax
-
-
-
-
income
351
472
-
-
total
351
472
-
-
Dividends
1 322
1 778
-
-
withholding
370
498
-
-
total
370
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
980
970
1 250
1 075
After tax
1 270
1 280
1 000
1 175
Living cost
318
318
318
318
Free-cash
952
962
682
857

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
€744
€681
€715
€645
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
-
-
-
2 250
other
-
-
-
70
social contributions
-
-
-
64
health
-
-
-
110
income
-
-
-
416
surtax
-
-
-
-
pensions
-
-
-
357
total
-
-
-
1 017
Employee
635
-
1 718
-
income
55
-
369
-
pensions
72
-
129
-
social contributions
18
-
49
-
surtax
-
-
-
-
total
145
-
547
-
Employer
635
-
1 718
-
pensions
104
-
216
-
other
22
-
71
-
health
44
-
171
-
unemployment
26
-
70
-
social contributions
2
-
5
-
total
198
-
533
-
Corporate
1 417
2 250
-
-
surtax
-
-
-
-
income
397
630
-
-
total
397
630
-
-
Dividends
1 020
1 620
-
-
surtax
-
-
-
-
social contributions
175
279
-
-
withholding
131
207
-
-
total
306
486
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 046
1 116
1 080
1 017
After tax
1 204
1 134
1 170
1 233
Living cost
489
489
489
489
Free-cash
715
645
681
744

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
€1336
€1395
€1687
€1720
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
-
-
-
2 250
social contributions
-
-
-
495
income
-
-
-
114
total
-
-
-
609
Employee
326
-
1 948
-
social contributions
21
-
127
-
income
-
-
121
-
total
21
-
248
-
Employer
326
-
1 948
-
social contributions
50
-
302
-
total
50
-
302
-
Corporate
1 874
2 250
-
-
income
187
225
-
-
total
187
225
-
-
Dividends
1 686
2 025
-
-
total
-
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
258
225
550
609
After tax
1 992
2 025
1 700
1 641
Living cost
305
305
305
305
Free-cash
1 687
1 720
1 395
1 336

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
€813
€41
€23
€41
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
-
-
-
2 250
municipal
-
-
-
482
national
-
-
-
279
labour market
-
-
-
179
pensions
-
-
-
9
total
-
-
-
949
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
pensions
6
6
6
-
municipal
439
439
439
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
41
-
-
-
income
9
-
-
-
total
9
-
-
-
Dividends
32
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 739
1 721
1 721
949
After tax
511
529
529
1 301
Living cost
488
488
488
488
Free-cash
23
41
41
813

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
€1317
€1021
€149
-€37
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
-
-
-
2 250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
643
pensions
-
-
-
42
total
-
-
-
714
Employee
344
-
2 054
-
income
47
-
503
-
pensions
39
-
77
-
health
39
-
235
-
total
125
-
815
-
Employer
344
-
2 054
-
pensions
56
-
111
-
accident
6
-
34
-
unemployment
8
-
50
-
total
70
-
195
-
Corporate
1 836
2 250
-
-
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.

1 652
2 025
-
-
total
1 652
2 025
-
-
Dividends
184
225
-
-
withholding
35
43
-
-
total
35
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 882
2 068
1 010
714
After tax
368
182
1 240
1 536
Living cost
219
219
219
219
Free-cash
149
-37
1 021
1 317

Estimated living cost  is €219 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€995
€737
€1024
€992
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

-
-
-
2 250
municipal
-
-
-
400
health
-
-
-
30
national
-
-
-
436
total
-
-
-
866
Employee
533
-
1 893
-
pensions
36
-
128
-
national
9
-
278
-
municipal
87
-
308
-
unemployment
8
-
28
-
health
4
-
25
-
total
144
-
767
-
Employer
533
-
1 893
-
pensions
92
-
328
-
accident
1
-
2
-
health
4
-
15
-
unemployment
3
-
12
-
total
100
-
357
-
Corporate
1 616
2 250
-
-
income
323
450
-
-
total
323
450
-
-
Dividends

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

970
1 350
-
-
municipal
175
243
-
-
national
95
176
-
-
total
270
419
-
-
Income
2 250
2 250
2 250
2 250
Total tax
837
869
1 124
866
After tax
1 413
1 381
1 126
1 384
Living cost
389
389
389
389
Free-cash
1 024
992
737
995

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
€1280
€1262
€1350
€1405
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
-
-
-
2 250
social contributions
-
-
-
164
health
-
-
-
57
income
-
-
-
514
total
-
-
-
735
Employee
779
779
2 123
-
income
85
72
504
-
social contributions
29
65
87
-
health
6
13
36
-
total
120
150
627
-
Employer
779
779
2 123
-
health
7
14
39
-
social contributions
29
65
87
-
total
36
79
126
-
Corporate
1 859
1 392
-
-
income
232
174
-
-
total
232
174
-
-
Dividends
1 627
1 218
-
-
withholding
277
207
-
-
total
277
207
-
-
Income
2 250
2 250
2 250
2 250
Total tax
665
610
753
735
After tax
1 585
1 640
1 497
1 515
Living cost
235
235
235
235
Free-cash
1 350
1 405
1 262
1 280

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
€1755
€1551
€1651
€1703
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
-
-
-
2 250
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
233
pensions
-
-
-
64
total
-
-
-
334
Employee

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

233
-
2 151
-
income
16
-
208
-
pensions
35
-
144
-
unemployment
1
-
5
-
health
20
-
82
-
total
72
-
439
-
Employer

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

233
-
2 151
-
pensions
13
-
53
-
health
10
-
41
-
unemployment
1
-
5
-
total
24
-
99
-
Corporate
1 993
2 250
-
-
income
179
202
-
-
total
179
202
-
-
Dividends
1 814
2 048
-
-
withholding
163
184
-
-
total
163
184
-
-
Income
2 250
2 250
2 250
2 250
Total tax
438
386
538
334
After tax
1 812
1 864
1 712
1 916
Living cost
161
161
161
161
Free-cash
1 651
1 703
1 551
1 755

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
€978
€934
€1171
€1215
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
-
-
-
2 250
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
711
pensions
-
-
-
266
total
-
-
-
993
Employee
375
-
1 951
-
income
72
-
676
-
pensions
18
-
44
-
unemployment
6
-
15
-
other
-
-
1
-
total
96
-
736
-
Employer
375
-
1 951
-
pensions
88
-
222
-
other
3
-
8
-
accident
7
-
19
-
unemployment
21
-
52
-
total
119
-
301
-
Corporate
1 756
2 250
-
-
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.

263
338
-
-
total
263
338
-
-
Dividends
1 492
1 912
-
-
withholding
322
418
-
-
total
322
418
-
-
Income
2 250
2 250
2 250
2 250
Total tax
800
756
1 037
993
After tax
1 450
1 494
1 213
1 257
Living cost
279
279
279
279
Free-cash
1 171
1 215
934
978

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
€1418
€1416
€1371
€1376
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
-
-
-
2 250
health
-
-
-
15
income
-
-
-
769
pensions
-
-
-
20
total
-
-
-
804
Employee
42
-
2 227
-
income
8
-
768
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
783
-
Employer
42
-
2 227
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
2 198
2 250
-
-
income
484
495
-
-
total
484
495
-
-
Dividends
1 715
1 755
-
-
withholding
343
351
-
-
total
343
351
-
-
Income
2 250
2 250
2 250
2 250
Total tax
851
846
806
804
After tax
1 399
1 404
1 444
1 446
Living cost
28
28
28
28
Free-cash
1 371
1 376
1 416
1 418

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1272
€1270
€1400
€1451
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.

-
-
-
2 250
unemployment
-
-
-
11
health
-
-
-
77
income
-
-
-
520
pensions
-
-
-
195
total
-
-
-
803
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
-
2 116
-
income
36
-
520
-
pensions
37
-
105
-
unemployment
2
-
6
-
health
14
-
39
-
total
89
-
670
-
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
-
2 116
-
pensions
32
-
90
-
health
14
-
39
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
1 938
2 250
-
-
income
291
337
-
-
total
291
337
-
-
Dividends
1 648
1 913
-
-
withholding
247
287
-
-
total
247
287
-
-
Income
2 250
2 250
2 250
2 250
Total tax
675
624
805
803
After tax
1 575
1 626
1 445
1 447
Living cost
175
175
175
175
Free-cash
1 400
1 451
1 270
1 272

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
€902
€727
€1004
€1007
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.

-
-
-
2 250
social contributions

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

-
-
-
782
income
-
-
-
293
surtax
-
-
-
-
total
-
-
-
1 075
Employee
393
-
1 818
-
income
77
-
616
-
social contributions
43
-
200
-
surtax
-
-
2
-
total
120
-
818
-
Employer
393
-
1 818
-
social contributions
93
-
432
-
total
93
-
432
-
Corporate
1 763
2 250
-
-
surtax
-
-
-
-
income
370
472
-
-
total
370
472
-
-
Dividends
1 393
1 778
-
-
withholding
390
498
-
-
total
390
498
-
-
Income
2 250
2 250
2 250
2 250
Total tax
973
970
1 250
1 075
After tax
1 277
1 280
1 000
1 175
Living cost
273
273
273
273
Free-cash
1 004
1 007
727
902

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
€901
€857
€1071
€1138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 250
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
income
-
-
-
711
pensions
-
-
-
266
total
-
-
-
993
Employee
489
-
1 951
-
income
102
-
676
-
pensions
23
-
44
-
unemployment
8
-
15
-
other
-
-
1
-
total
133
-
736
-
Employer
489
-
1 951
-
pensions
116
-
222
-
other
4
-
8
-
accident
10
-
19
-
unemployment
27
-
52
-
total
157
-
301
-
Corporate
1 605
2 250
-
-
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.

241
338
-
-
total
241
338
-
-
Dividends
1 364
1 912
-
-
withholding
292
418
-
-
total
292
418
-
-
Income
2 250
2 250
2 250
2 250
Total tax
823
756
1 037
993
After tax
1 427
1 494
1 213
1 257
Living cost
356
356
356
356
Free-cash
1 071
1 138
857
901

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
€1644
€1738
€1688
€1750
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
-
-
-
2 250
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
338
pensions

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

-
-
-
52
total
-
-
-
432
Employee
231
-
2 181
-
income
23
-
218
-
pensions

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

20
-
31
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
57
-
269
-
Employer
231
-
2 181
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
1 974
2 250
-
-
income
197
225
-
-
total
197
225
-
-
Dividends
1 777
2 025
-
-
withholding
89
101
-
-
total
89
101
-
-
Income
2 250
2 250
2 250
2 250
Total tax
388
326
338
432
After tax
1 862
1 924
1 912
1 818
Living cost
174
174
174
174
Free-cash
1 688
1 750
1 738
1 644

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
€747
€1002
€900
€765
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.

-
-
-
2 250
trade
-
-
-
255
health

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

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

-
-
-
69
income

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

-
-
-
747
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.

-
-
-
41
total
-
-
-
1 112
Employee

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

504
-
2 250
-
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
-
41
-
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
-
747
-
health

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

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

69
-
69
-
total
112
-
857
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 746
2 250
-
-
trade
251
323
-
-
surtax

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

14
19
-
-
income
262
338
-
-
chamber of commerce
4
5
-
-
total
531
685
-
-
Dividends
1 215
1 566
-
-
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
300
388
-
-
total
316
409
-
-
Income
2 250
2 250
2 250
2 250
Total tax
959
1 094
857
1 112
After tax
1 291
1 156
1 393
1 138
Living cost
391
391
391
391
Free-cash
900
765
1 002
747

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
€555
€555
€1020
€998
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
-
-
-
2 250
social contributions
-
-
-
386
income
-
-
-
732
total
-
-
-
1 118
Employee
793
-
2 250
-
social contributions
66
-
386
-
income
150
-
732
-
total
216
-
1 118
-
Employer
793
-
2 250
-
total
-
-
-
-
Corporate
1 457
2 250
-
-
income
182
281
-
-
total
182
281
-
-
Dividends
1 275
1 969
-
-
withholding
255
394
-
-
total
255
394
-
-
Income
2 250
2 250
2 250
2 250
Total tax
653
675
1 118
1 118
After tax
1 597
1 575
1 132
1 132
Living cost
577
577
577
577
Free-cash
1 020
998
555
555

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
€1476
€1203
€1076
€1040
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.

-
-
-
2 250
health

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

-
-
-
68
income
-
-
-
338
total
-
-
-
406
Employee
465
-
2 203
-
social contributions
47
-
47
-
income
50
-
585
-
total
97
-
632
-
Employer
465
-
2 203
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 739
2 250
-
-
income
608
788
-
-
total
608
788
-
-
Dividends
1 130
1 462
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 250
2 250
2 250
2 250
Total tax
806
842
679
406
After tax
1 444
1 408
1 571
1 844
Living cost
368
368
368
368
Free-cash
1 076
1 040
1 203
1 476

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
€1079
€878
€1104
€1045
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
-
-
-
2 250
income
-
-
-
691
pensions
-
-
-
101
total
-
-
-
792
Employee
520
-
1 961
-
income
95
-
557
-
pensions
40
-
121
-
health
7
-
27
-
total
142
-
705
-
Employer
520
-
1 961
-
pensions
52
-
251
-
health
10
-
37
-
total
62
-
288
-
Corporate
1 668
2 250
-
-
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.

317
427
-
-
total
317
427
-
-
Dividends
1 351
1 823
-
-
withholding
246
399
-
-
total
246
399
-
-
Income
2 250
2 250
2 250
2 250
Total tax
767
826
993
792
After tax
1 483
1 424
1 257
1 458
Living cost
379
379
379
379
Free-cash
1 104
1 045
878
1 079

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€1296
€1000
€146
-€58
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
-
-
-
2 250
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
643
pensions
-
-
-
42
total
-
-
-
714
Employee
378
-
2 054
-
income
52
-
503
-
pensions
43
-
77
-
health
43
-
235
-
total
138
-
815
-
Employer
378
-
2 054
-
pensions
62
-
111
-
accident
6
-
34
-
unemployment
9
-
50
-
total
77
-
195
-
Corporate
1 795
2 250
-
-
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.

1 615
2 025
-
-
total
1 615
2 025
-
-
Dividends
179
225
-
-
withholding
34
43
-
-
total
34
43
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 864
2 068
1 010
714
After tax
386
182
1 240
1 536
Living cost
240
240
240
240
Free-cash
146
-58
1 000
1 296

Estimated living cost  is €240 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1290
€1512
€1554
€1584
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.

-
-
-
2 250
work injury
-
-
-
8
unemployment
-
-
-
19
income
-
-
-
378
health insurance
-
-
-
120
pensions
-
-
-
298
total
-
-
-
823
Employee

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

219
-
2 250
-
income
22
-
378
-
work injury
1
-
4
-
pensions
40
-
149
-
unemployment
3
-
10
-
health insurance
16
-
60
-
total
82
-
601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 031
2 250
-
-
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%.

203
225
-
-
total
203
225
-
-
Dividends
1 828
2 025
-
-
withholding
274
304
-
-
total
274
304
-
-
Income
2 250
2 250
2 250
2 250
Total tax
559
529
601
823
After tax
1 691
1 721
1 649
1 427
Living cost
137
137
137
137
Free-cash
1 554
1 584
1 512
1 290

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
€650
€568
€736
€782
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
-
-
-
2 250
social contributions
-
-
-
507
municipal
-
-
-
16
national
-
-
-
618
regional
-
-
-
55
total
-
-
-
1 196
Employee
854
-
2 250
-
national
144
-
550
-
social contributions
288
-
665
-
municipal
5
-
14
-
regional
13
-
49
-
total
450
-
1 278
-
Employer
854
-
2 250
-
total
-
-
-
-
Corporate
1 396
2 250
-
-
nationa
335
540
-
-
municipal
67
108
-
-
total
402
648
-
-
Dividends
994
1 602
-
-
withholding
258
416
-
-
total
258
416
-
-
Income
2 250
2 250
2 250
2 250
Total tax
1 110
1 064
1 278
1 196
After tax
1 140
1 186
972
1 054
Living cost
404
404
404
404
Free-cash
736
782
568
650

Estimated living cost  is €404 per week

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

Source of data for Rome model

Close
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Estimated living cost

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