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
€ 2300
per

Your estimated
City
free-cash

Dresden , Germany
€853
€964
€826
€1114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
trade
-
-
-
288
income

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

-
-
-
768
health

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

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

-
-
-
69
surtax

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

-
-
-
42
total
-
-
-
1 167
Employee

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

388
-
2 300
-
health

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

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

69
-
69
-
surtax

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

1
-
42
-
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
-
768
-
total
81
-
879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 912
2 300
-
-
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
19
-
-
income
287
345
-
-
trade
301
362
-
-
chamber of commerce
4
5
-
-
total
608
731
-
-
Dividends
1 304
1 569
-
-
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.

18
21
-
-
withholding
322
388
-
-
total
340
409
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 029
1 140
879
1 167
After tax
1 271
1 160
1 421
1 133
Living cost
307
307
307
307
Free-cash
964
853
1 114
826

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
€924
€915
€796
€809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
256
pensions
-
-
-
276
national
-
-
-
436
social contributions
-
-
-
25
total
-
-
-
993
Employee
792
-
1 988
-
municipal
98
-
265
-
pensions
32
-
80
-
national
151
-
455
-
total
281
-
800
-
Employer
792
-
1 988
-
social contributions
9
-
21
-
pensions
63
-
159
-
total
72
-
180
-
Corporate
1 384
2 300
-
-
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%.

277
460
-
-
total
277
460
-
-
Dividends
1 108
1 840
-
-
withholding
244
405
-
-
total
244
405
-
-
Income
2 300
2 300
2 300
2 300
Total tax
874
865
980
993
After tax
1 426
1 435
1 320
1 307
Living cost
511
511
511
511
Free-cash
915
924
809
796

Estimated living cost  is €511 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€1629
€1545
€628
€790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
microenterprise
-
-
-
-
income
-
-
-
487
surtax
-
-
-
586
social contributions

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

-
-
-
388
total
-
-
-
1 461
Employee
296
-
1 810
-
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
-
-
262
-
income
53
-
414
-
total
86
-
809
-
Employer
296
-
1 810
-
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
-
-
199
-
total
71
-
490
-
Corporate
1 933
2 300
-
-
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%.

387
460
-
-
total
387
460
-
-
Dividends

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

1 546
1 840
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
544
460
1 299
1 461
After tax
1 756
1 840
1 001
839
Living cost
211
211
211
211
Free-cash
1 545
1 629
790
628

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
€721
€659
€809
€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
-
-
-
2 300
income
-
-
-
822
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 066
Employee
865
865
2 112
-
health
133
113
125
-
income

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

142
142
397
-
pensions
156
119
119
-
total
431
374
641
-
Employer
865
865
2 112
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 294
1 283
-
-
income
259
257
-
-
total
259
257
-
-
Dividends
1 035
1 026
-
-
income
220
218
-
-
withholding
155
154
-
-
total
375
372
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 216
1 154
830
1 066
After tax
1 084
1 146
1 470
1 234
Living cost
425
425
425
425
Free-cash
659
721
1 045
809

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
€865
€856
€754
€744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
612
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
295
total
-
-
-
1 155
Employee
557
-
2 031
-
municipal
166
-
606
-
national
-
-
289
-
total
166
-
895
-
Employer
557
-
2 031
-
accident
1
-
2
-
other
65
-
99
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
270
-
Corporate
1 569
2 300
-
-
income
345
506
-
-
total
345
506
-
-
Dividends
1 224
1 794
-
-
withholding
367
538
-
-
total
367
538
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 053
1 044
1 165
1 155
After tax
1 247
1 256
1 135
1 145
Living cost
391
391
391
391
Free-cash
856
865
744
754

Estimated living cost  is €391 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
€750
€892
€722
€1023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 300
trade
-
-
-
301
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.

-
-
-
768
health

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

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

-
-
-
69
surtax

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

-
-
-
42
total
-
-
-
1 180
Employee

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

514
-
2 300
-
health

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

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

69
-
69
-
surtax

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

2
-
42
-
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
-
768
-
total
115
-
879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 786
2 300
-
-
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
268
345
-
-
trade
294
378
-
-
chamber of commerce
4
5
-
-
total
581
747
-
-
Dividends
1 206
1 553
-
-
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
298
384
-
-
total
314
405
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 010
1 152
879
1 180
After tax
1 290
1 148
1 421
1 120
Living cost
398
398
398
398
Free-cash
892
750
1 023
722

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
€1348
€1305
€1217
€1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
531
health
-
-
-
59
social contributions
-
-
-
164
total
-
-
-
754
Employee
779
779
2 173
-
social contributions
38
65
87
-
health
8
13
37
-
income
82
72
521
-
total
128
150
645
-
Employer
779
779
2 173
-
social contributions
38
65
87
-
health
8
14
40
-
total
46
79
127
-
Corporate
1 798
1 442
-
-
income
225
180
-
-
total
225
180
-
-
Dividends
1 573
1 261
-
-
withholding
267
214
-
-
total
267
214
-
-
Income
2 300
2 300
2 300
2 300
Total tax
666
623
772
754
After tax
1 634
1 677
1 528
1 546
Living cost
329
329
329
329
Free-cash
1 305
1 348
1 199
1 217

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
€1105
€1109
€1409
€1149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
281
pensions
-
-
-
230
unemployment
-
-
-
34
health
-
-
-
161
total
-
-
-
706
Employee

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

The minimum wage is 138,000 HUF per month.

266
106
1 925
-
health
19
7
135
-
income
33
13
235
-
pensions
27
11
192
-
unemployment
4
2
29
-
total
83
33
591
-
Employer

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

The minimum wage is 138,000 HUF per month.

266
106
1 925
-
pensions
52
21
375
-
total
52
21
375
-
Corporate
1 982
2 173
-
-
income
178
196
-
-
total
178
196
-
-
Dividends
1 803
1 978
-
-
social contributions
350
384
-
-
withholding
343
376
-
-
total
693
760
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 006
1 010
966
706
After tax
1 294
1 290
1 334
1 594
Living cost
185
185
185
185
Free-cash
1 109
1 105
1 149
1 409

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
€1595
€1532
€988
€1081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
308
pensions
-
-
-
460
health
-
-
-
299
total
-
-
-
1 067
Employee
287
-
1 719
-
income
32
-
331
-
pensions
6
-
34
-
unemployment
5
-
28
-
total
43
-
393
-
Employer
287
-
1 719
-
unemployment
2
-
14
-
pensions
58
-
344
-
health
37
-
223
-
total
97
-
581
-
Corporate
1 915
2 300
-
-
income
383
460
-
-
total
383
460
-
-
Dividends
1 532
1 840
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
523
460
974
1 067
After tax
1 777
1 840
1 326
1 233
Living cost
245
245
245
245
Free-cash
1 532
1 595
1 081
988

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
-€35
€151
€1348
€1046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
3
income
-
-
-
660
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
731
Employee
347
-
2 103
-
health
40
-
241
-
income
48
-
517
-
pensions
39
-
77
-
total
127
-
835
-
Employer
347
-
2 103
-
accident
6
-
35
-
unemployment
9
-
52
-
pensions
56
-
111
-
total
71
-
198
-
Corporate
1 882
2 300
-
-
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.

1 694
2 070
-
-
total
1 694
2 070
-
-
Dividends
188
230
-
-
withholding
36
44
-
-
total
36
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 928
2 114
1 033
731
After tax
372
186
1 267
1 569
Living cost
221
221
221
221
Free-cash
151
-35
1 046
1 348

Estimated living cost  is €221 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€2092
€2076
€2184
€1747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 300
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
116
-
2 300
-
income
23
-
460
-
total
23
-
460
-
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%.

2 184
2 300
-
-
total
-
-
-
-
Dividends
2 184
2 300
-
-
withholding
109
115
-
-
total
109
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
132
115
460
23
After tax
2 168
2 185
1 840
2 277
Living cost
93
93
93
93
Free-cash
2 076
2 092
1 747
2 184

Estimated living cost  is €93 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
€1420
€1351
€1115
€1096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
404
pensions

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

-
-
-
370
other
-
-
-
73
health
-
-
-
68
total
-
-
-
915
Employee
368
-
1 909
-
health
5
-
22
-
income
63
-
398
-
pensions

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

26
-
108
-
unemployment
4
-
15
-
total
98
-
543
-
Employer
368
-
1 909
-
accident
3
-
15
-
other
18
-
77
-
unemployment
4
-
15
-
pensions

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

63
-
262
-
health
5
-
22
-
total
93
-
391
-
Corporate
1 839
2 300
-
-
income
386
483
-
-
total
386
483
-
-
Dividends
1 453
1 817
-
-
withholding
102
127
-
-
total
102
127
-
-
Income
2 300
2 300
2 300
2 300
Total tax
679
610
934
915
After tax
1 621
1 690
1 366
1 385
Living cost
270
270
270
270
Free-cash
1 351
1 420
1 096
1 115

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
€768
€851
€804
€599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
710
pensions
-
-
-
102
total
-
-
-
812
Employee
968
-
2 005
-
health
16
-
27
-
income
174
-
573
-
pensions
93
-
122
-
total
283
-
722
-
Employer
968
-
2 005
-
pensions
114
-
257
-
health
18
-
38
-
total
132
-
295
-
Corporate
1 200
2 300
-
-
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.

228
437
-
-
total
228
437
-
-
Dividends
972
1 863
-
-
withholding
122
411
-
-
total
122
411
-
-
Income
2 300
2 300
2 300
2 300
Total tax
765
848
1 017
812
After tax
1 535
1 452
1 283
1 488
Living cost
684
684
684
684
Free-cash
851
768
599
804

Estimated living cost  is €684 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1834
€1787
€1728
€1824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
439
Employee
176
-
2 231
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
223
-
pensions

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

15
-
31
-
total
43
-
274
-
Employer
176
-
2 231
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
2 089
2 300
-
-
income
209
230
-
-
total
209
230
-
-
Dividends
1 880
2 070
-
-
withholding
94
103
-
-
total
94
103
-
-
Income
2 300
2 300
2 300
2 300
Total tax
380
333
343
439
After tax
1 920
1 967
1 957
1 861
Living cost
133
133
133
133
Free-cash
1 787
1 834
1 824
1 728

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
€584
€610
€672
€908
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
822
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 066
Employee
940
865
2 112
-
health
117
113
125
-
income

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

142
142
397
-
pensions
119
119
119
-
total
378
374
641
-
Employer
940
865
2 112
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
1 196
1 283
-
-
income
239
257
-
-
total
239
257
-
-
Dividends
957
1 026
-
-
income
203
218
-
-
withholding
144
154
-
-
total
347
372
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 128
1 154
830
1 066
After tax
1 172
1 146
1 470
1 234
Living cost
562
562
562
562
Free-cash
610
584
908
672

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
€1341
€1255
€1119
€1019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
246
health
-
-
-
311
solidarity contribution
-
-
-
31
social contributions
-
-
-
350
total
-
-
-
938
Employee
357
-
1 835
-
social contributions
23
-
78
-
health
48
-
248
-
solidarity contribution
-
-
22
-
income
43
-
226
-
total
114
-
574
-
Employer
357
-
1 835
-
social contributions
89
-
299
-
health
32
-
165
-
total
121
-
464
-
Corporate
1 821
2 300
-
-
income
346
437
-
-
total
346
437
-
-
Dividends
1 475
1 863
-
-
withholding
221
279
-
-
total
221
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
802
716
1 038
938
After tax
1 498
1 584
1 262
1 362
Living cost
243
243
243
243
Free-cash
1 255
1 341
1 019
1 119

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
€799
€746
€682
€596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
14
regional
-
-
-
29
national
-
-
-
640
social contributions
-
-
-
507
total
-
-
-
1 190
Employee
901
-
2 300
-
social contributions
304
-
665
-
regional
8
-
26
-
municipal
5
-
13
-
national
156
-
572
-
total
473
-
1 276
-
Employer
901
-
2 300
-
total
-
-
-
-
Corporate
1 399
2 300
-
-
nationa
336
552
-
-
municipal
55
90
-
-
total
391
642
-
-
Dividends
1 009
1 658
-
-
withholding
262
431
-
-
total
262
431
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 126
1 073
1 276
1 190
After tax
1 174
1 227
1 024
1 110
Living cost
428
428
428
428
Free-cash
746
799
596
682

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
€1223
€1191
€858
€796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
727
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
123
total
-
-
-
1 218
Employee
335
-
2 015
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
111
-
income
56
-
666
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
995
-
Employer
335
-
2 015
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
1 894
2 300
-
-
income
493
598
-
-
total
493
598
-
-
Dividends
1 402
1 702
-
-
withholding
210
255
-
-
total
210
255
-
-
Income
2 300
2 300
2 300
2 300
Total tax
885
853
1 280
1 218
After tax
1 415
1 447
1 020
1 082
Living cost
224
224
224
224
Free-cash
1 191
1 223
796
858

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
€985
€1053
€1021
€816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
710
pensions
-
-
-
102
total
-
-
-
812
Employee
648
-
2 005
-
health
9
-
27
-
income
117
-
573
-
pensions
55
-
122
-
total
181
-
722
-
Employer
648
-
2 005
-
pensions
70
-
257
-
health
12
-
38
-
total
82
-
295
-
Corporate
1 569
2 300
-
-
income

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

298
437
-
-
total
298
437
-
-
Dividends
1 271
1 863
-
-
withholding
219
411
-
-
total
219
411
-
-
Income
2 300
2 300
2 300
2 300
Total tax
780
848
1 017
812
After tax
1 520
1 452
1 283
1 488
Living cost
467
467
467
467
Free-cash
1 053
985
816
1 021

Estimated living cost  is €467 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€280
€609
€1050
€969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
city
-
-
-
24
pensions
-
-
-
212
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.

-
-
-
46
regional
-
-
-
130
health
-
-
-
5
national
-
-
-
61
total
-
-
-
478
Employee
904
-
2 071
-
city
10
-
22
-
regional
30
-
116
-
health
2
-
5
-
pensions
76
-
160
-
unemployment
-
-
-
-
national
4
-
50
-
total
122
-
353
-
Employer
904
-
2 071
-
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
-
unemployment
-
-
-
-
pensions
76
-
160
-
health
2
-
5
-
total
96
-
206
-
Corporate
1 290
2 300
-
-
regional
273
486
-
-
national
110
196
-
-
total
383
682
-
-
Dividends
908
1 618
-
-
withholding
318
566
-
-
total
318
566
-
-
Income
2 300
2 300
2 300
2 300
Total tax
919
1 248
559
478
After tax
1 381
1 052
1 741
1 822
Living cost
772
772
772
772
Free-cash
609
280
969
1 050

Estimated living cost  is €772 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€672
€835
€643
€957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 300
trade
-
-
-
314
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.

-
-
-
768
health

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

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

-
-
-
69
surtax

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

-
-
-
42
total
-
-
-
1 193
Employee

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

609
-
2 300
-
health

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

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

69
-
69
-
surtax

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

4
-
42
-
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
-
768
-
total
145
-
879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 691
2 300
-
-
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
254
345
-
-
trade
290
394
-
-
chamber of commerce
4
5
-
-
total
562
763
-
-
Dividends
1 129
1 537
-
-
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
21
-
-
withholding
279
380
-
-
total
294
401
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 001
1 164
879
1 193
After tax
1 299
1 136
1 421
1 107
Living cost
464
464
464
464
Free-cash
835
672
957
643

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
€812
€872
€910
€842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
432
pensions
-
-
-
361
other
-
-
-
71
health
-
-
-
113
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 043
Employee
434
-
1 753
-
social contributions
12
-
50
-
surtax
-
-
-
-
income
26
-
382
-
pensions
49
-
133
-
total
87
-
565
-
Employer
434
-
1 753
-
other
15
-
73
-
social contributions
1
-
5
-
unemployment
18
-
71
-
pensions
71
-
222
-
health
30
-
175
-
total
135
-
546
-
Corporate
1 731
2 300
-
-
surtax
-
-
-
-
income
485
644
-
-
total
485
644
-
-
Dividends
1 246
1 656
-
-
surtax
-
-
-
-
social contributions
214
285
-
-
withholding
160
212
-
-
total
374
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 081
1 141
1 111
1 043
After tax
1 219
1 159
1 189
1 257
Living cost
347
347
347
347
Free-cash
872
812
842
910

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
€847
€903
€945
€877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
432
pensions
-
-
-
361
other
-
-
-
71
health
-
-
-
113
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 043
Employee
387
-
1 753
-
social contributions
11
-
50
-
surtax
-
-
-
-
income
20
-
382
-
pensions
44
-
133
-
total
75
-
565
-
Employer
387
-
1 753
-
other
13
-
73
-
social contributions
1
-
5
-
unemployment
16
-
71
-
pensions
64
-
222
-
health
27
-
175
-
total
121
-
546
-
Corporate
1 792
2 300
-
-
surtax
-
-
-
-
income
502
644
-
-
total
502
644
-
-
Dividends
1 290
1 656
-
-
surtax
-
-
-
-
social contributions
222
285
-
-
withholding
165
212
-
-
total
387
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 085
1 141
1 111
1 043
After tax
1 215
1 159
1 189
1 257
Living cost
312
312
312
312
Free-cash
903
847
877
945

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
€1187
€1194
€1262
€1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
health
-
-
-
161
social contributions
-
-
-
317
total
-
-
-
823
Employee
344
-
2 300
-
social contributions
47
-
317
-
health
24
-
161
-
income
57
-
408
-
total
128
-
886
-
Employer
344
-
2 300
-
total
-
-
-
-
Corporate
1 956
2 300
-
-
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%.

98
115
-
-
total
98
115
-
-
Dividends
1 859
2 185
-
-
health
130
153
-
-
social contributions
256
302
-
-
withholding
279
328
-
-
total
665
783
-
-
Income
2 300
2 300
2 300
2 300
Total tax
891
898
886
823
After tax
1 409
1 402
1 414
1 477
Living cost
215
215
215
215
Free-cash
1 194
1 187
1 199
1 262

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
€911
€895
€821
€244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
chamber of commerce
-
-
-
9
income
-
-
-
739
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
1 122
Employee
506
404
1 905
-
other
5
4
12
-
health
20
16
46
-
income
58
30
621
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
836
-
Employer
506
404
1 905
-
accident
7
5
15
-
other
24
19
84
-
chamber of commerce
2
2
8
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
57
-
health
19
15
45
-
total
148
118
396
-
Corporate
1 646
1 778
1 866
-
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.

411
444
467
-
total
411
444
467
-
Dividends
1 234
1 333
-
-
withholding
339
367
-
-
total
339
367
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 048
1 032
1 699
1 122
After tax
1 252
1 268
601
1 178
Living cost
357
357
357
357
Free-cash
895
911
244
821

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
€892
€764
€630
€410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
national
-
-
-
924
communal

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

-
-
-
123
social contributions
-
-
-
253
total
-
-
-
1 300
Employee

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

725
-
1 781
-
communal

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

38
-
93
-
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
-
84
-
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
-
134
-
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
-
16
-
national
223
-
675
-
total
355
-
1 002
-
Employer

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

725
-
1 781
-
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
-
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
-
26
-
surtax
82
-
202
-
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
-
158
-
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
-
110
-
total
211
-
519
-
Corporate
1 364
2 300
-
-
surtax
5
10
-
-
income
273
494
-
-
total
278
504
-
-
Dividends
1 086
1 796
-
-
withholding

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

322
535
-
-
total
322
535
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 166
1 039
1 521
1 300
After tax
1 134
1 261
779
1 000
Living cost
370
370
370
370
Free-cash
764
892
410
630

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
€1161
€1092
€919
€875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
8
income
-
-
-
733
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 015
Employee
504
-
2 001
-
other
-
-
1
-
income
106
-
698
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
758
-
Employer
504
-
2 001
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 635
2 300
-
-
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.

245
345
-
-
total
245
345
-
-
Dividends
1 390
1 955
-
-
withholding
298
428
-
-
total
298
428
-
-
Income
2 300
2 300
2 300
2 300
Total tax
842
773
1 059
1 015
After tax
1 458
1 527
1 241
1 285
Living cost
366
366
366
366
Free-cash
1 092
1 161
875
919

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
€750
€612
€529
€621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
19
income
-
-
-
435
pensions
-
-
-
345
health
-
-
-
162
surtax
-
-
-
114
communal
-
-
-
145
total
-
-
-
1 220
Employee
767
-
2 054
-
health
34
-
91
-
surtax
47
-
126
-
income
74
-
502
-
pensions
61
-
164
-
total
216
-
883
-
Employer
767
-
2 054
-
accident
7
-
18
-
pensions
61
-
164
-
health
23
-
63
-
total
91
-
245
-
Corporate
1 441
2 300
-
-
surtax
15
24
-
-
communal
97
155
-
-
income
216
345
-
-
total
328
524
-
-
Dividends
1 112
1 776
-
-
income
335
209
-
-
withholding
167
266
-
-
total
502
475
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 137
999
1 128
1 220
After tax
1 163
1 301
1 172
1 080
Living cost
551
551
551
551
Free-cash
612
750
621
529

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
€1219
€1185
€854
€792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
727
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
123
total
-
-
-
1 218
Employee
341
-
2 015
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
111
-
income
57
-
666
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
995
-
Employer
341
-
2 015
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
1 887
2 300
-
-
income
491
598
-
-
total
491
598
-
-
Dividends
1 396
1 702
-
-
withholding
209
255
-
-
total
209
255
-
-
Income
2 300
2 300
2 300
2 300
Total tax
887
853
1 280
1 218
After tax
1 413
1 447
1 020
1 082
Living cost
228
228
228
228
Free-cash
1 185
1 219
792
854

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
€936
€913
€830
€744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
14
regional
-
-
-
36
national
-
-
-
640
social contributions
-
-
-
507
total
-
-
-
1 197
Employee
562
-
2 300
-
social contributions
190
-
665
-
regional
8
-
33
-
municipal
3
-
13
-
national
89
-
572
-
total
290
-
1 283
-
Employer
562
-
2 300
-
total
-
-
-
-
Corporate
1 738
2 300
-
-
nationa
417
552
-
-
municipal
86
114
-
-
total
503
666
-
-
Dividends
1 234
1 634
-
-
withholding
321
425
-
-
total
321
425
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 114
1 091
1 283
1 197
After tax
1 186
1 209
1 017
1 103
Living cost
273
273
273
273
Free-cash
913
936
744
830

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
€1285
€1177
€1063
€963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
246
health
-
-
-
311
solidarity contribution
-
-
-
31
social contributions
-
-
-
350
total
-
-
-
938
Employee
440
-
1 835
-
social contributions
29
-
78
-
health
59
-
248
-
solidarity contribution
-
-
22
-
income
53
-
226
-
total
141
-
574
-
Employer
440
-
1 835
-
social contributions
110
-
299
-
health
40
-
165
-
total
150
-
464
-
Corporate
1 710
2 300
-
-
income
325
437
-
-
total
325
437
-
-
Dividends
1 385
1 863
-
-
withholding
208
279
-
-
total
208
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
824
716
1 038
938
After tax
1 476
1 584
1 262
1 362
Living cost
299
299
299
299
Free-cash
1 177
1 285
963
1 063

Estimated living cost  is €299 per week

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

Source of data for Prague model

Close
Graz , Austria
€946
€942
€857
€279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
chamber of commerce
-
-
-
9
income
-
-
-
739
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 120
Employee
443
404
1 907
-
other
4
4
12
-
health
17
16
46
-
income
39
30
622
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
837
-
Employer
443
404
1 907
-
accident
6
5
15
-
other
21
19
84
-
chamber of commerce
2
2
8
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
57
-
health
17
15
45
-
total
128
116
394
-
Corporate
1 730
1 780
1 868
-
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.

432
445
467
-
total
432
445
467
-
Dividends
1 297
1 335
-
-
withholding
357
367
-
-
total
357
367
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 035
1 031
1 698
1 120
After tax
1 265
1 269
602
1 180
Living cost
323
323
323
323
Free-cash
942
946
279
857

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
€2041
€2014
€2133
€1696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 300
microenterprise

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

-
-
-
23
total
-
-
-
23
Employee
180
-
2 300
-
income
36
-
460
-
total
36
-
460
-
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%.

2 120
2 300
-
-
total
-
-
-
-
Dividends
2 120
2 300
-
-
withholding
106
115
-
-
total
106
115
-
-
Income
2 300
2 300
2 300
2 300
Total tax
142
115
460
23
After tax
2 158
2 185
1 840
2 277
Living cost
144
144
144
144
Free-cash
2 014
2 041
1 696
2 133

Estimated living cost  is €144 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€1312
€1226
€794
€743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
585
pensions
-
-
-
420
unemployment
-
-
-
3
health
-
-
-
226
total
-
-
-
1 234
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
-
1 990
-
health
29
-
129
-
income
77
-
535
-
pensions
69
-
308
-
unemployment
1
-
3
-
total
176
-
975
-
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
-
1 990
-
unemployment
-
-
1
-
pensions
40
-
176
-
health
30
-
133
-
total
70
-
310
-
Corporate
1 782
2 300
-
-
income
339
437
-
-
total
339
437
-
-
Dividends
1 444
1 863
-
-
withholding
217
279
-
-
total
217
279
-
-
Income
2 300
2 300
2 300
2 300
Total tax
802
716
1 285
1 234
After tax
1 498
1 584
1 015
1 066
Living cost
272
272
272
272
Free-cash
1 226
1 312
743
794

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
€960
€476
€1151
€1727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
448
social contributions
-
-
-
262
total
-
-
-
710
Employee
630
-
-
-
social contributions
52
-
7
-
income
139
-
-
-
total
191
-
7
-
Employer
630
-
-
-
social contributions
888
-
127
-
total
888
-
127
-
Corporate
782
2 300
-
-
income
172
506
-
-
total
172
506
-
-
Dividends
610
1 794
-
-
income
134
395
-
-
total
134
395
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 385
901
134
710
After tax
915
1 399
2 166
1 590
Living cost
439
439
439
439
Free-cash
476
960
1 727
1 151

Estimated living cost  is €439 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
€990
€980
€881
€701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
302
surtax
-
-
-
-
social contributions

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

-
-
-
799
total
-
-
-
1 101
Employee
466
-
1 859
-
social contributions
51
-
204
-
surtax
-
-
3
-
income
97
-
633
-
total
148
-
840
-
Employer
466
-
1 859
-
social contributions
111
-
441
-
total
111
-
441
-
Corporate
1 723
2 300
-
-
surtax
-
-
-
-
income
362
483
-
-
total
362
483
-
-
Dividends
1 361
1 817
-
-
withholding
381
509
-
-
total
381
509
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 002
992
1 281
1 101
After tax
1 298
1 308
1 019
1 199
Living cost
318
318
318
318
Free-cash
980
990
701
881

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
€670
€740
€768
€700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
432
pensions
-
-
-
361
other
-
-
-
71
health
-
-
-
113
surtax
-
-
-
-
social contributions
-
-
-
66
total
-
-
-
1 043
Employee
635
-
1 753
-
social contributions
18
-
50
-
surtax
-
-
-
-
income
55
-
382
-
pensions
72
-
133
-
total
145
-
565
-
Employer
635
-
1 753
-
other
22
-
73
-
social contributions
2
-
5
-
unemployment
26
-
71
-
pensions
104
-
222
-
health
44
-
175
-
total
198
-
546
-
Corporate
1 467
2 300
-
-
surtax
-
-
-
-
income
411
644
-
-
total
411
644
-
-
Dividends
1 056
1 656
-
-
surtax
-
-
-
-
social contributions
182
285
-
-
withholding
135
212
-
-
total
317
497
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 071
1 141
1 111
1 043
After tax
1 229
1 159
1 189
1 257
Living cost
489
489
489
489
Free-cash
740
670
700
768

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
€1765
€1732
€1371
€1432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
118
social contributions
-
-
-
506
total
-
-
-
624
Employee
326
-
1 991
-
income
-
-
125
-
social contributions
21
-
129
-
total
21
-
254
-
Employer
326
-
1 991
-
social contributions
50
-
309
-
total
50
-
309
-
Corporate
1 924
2 300
-
-
income
192
230
-
-
total
192
230
-
-
Dividends
1 731
2 070
-
-
total
-
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
263
230
563
624
After tax
2 037
2 070
1 737
1 676
Living cost
305
305
305
305
Free-cash
1 732
1 765
1 432
1 371

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
€91
€52
€839
€91
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
494
pensions
-
-
-
9
national
-
-
-
287
labour market
-
-
-
183
total
-
-
-
973
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
92
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
72
-
-
-
withholding
19
-
-
-
total
19
-
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 760
1 721
1 721
973
After tax
540
579
579
1 327
Living cost
488
488
488
488
Free-cash
52
91
91
839

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
-€32
€152
€1352
€1049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
3
income
-
-
-
660
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
731
Employee
342
-
2 103
-
health
39
-
241
-
income
47
-
517
-
pensions
39
-
77
-
total
125
-
835
-
Employer
342
-
2 103
-
accident
6
-
35
-
unemployment
8
-
52
-
pensions
56
-
111
-
total
70
-
198
-
Corporate
1 888
2 300
-
-
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.

1 699
2 070
-
-
total
1 699
2 070
-
-
Dividends
189
230
-
-
withholding
36
44
-
-
total
36
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 930
2 114
1 033
731
After tax
370
186
1 267
1 569
Living cost
218
218
218
218
Free-cash
152
-32
1 049
1 352

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€1021
€1052
€1020
€754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 300
municipal
-
-
-
408
health
-
-
-
31
national
-
-
-
452
total
-
-
-
891
Employee
533
-
1 935
-
health
4
-
26
-
municipal
87
-
315
-
pensions
36
-
131
-
unemployment
8
-
29
-
national
9
-
290
-
total
144
-
791
-
Employer
533
-
1 935
-
accident
1
-
2
-
unemployment
3
-
13
-
pensions
92
-
336
-
health
4
-
15
-
total
100
-
366
-
Corporate
1 666
2 300
-
-
income
333
460
-
-
total
333
460
-
-
Dividends

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

1 000
1 380
-
-
national
102
182
-
-
municipal
180
248
-
-
total
282
430
-
-
Income
2 300
2 300
2 300
2 300
Total tax
859
890
1 157
891
After tax
1 441
1 410
1 143
1 409
Living cost
389
389
389
389
Free-cash
1 052
1 021
754
1 020

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
€1442
€1386
€1311
€1293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
531
health
-
-
-
59
social contributions
-
-
-
164
total
-
-
-
754
Employee
779
779
2 173
-
social contributions
29
65
87
-
health
6
13
37
-
income
85
72
521
-
total
120
150
645
-
Employer
779
779
2 173
-
social contributions
29
65
87
-
health
7
14
40
-
total
36
79
127
-
Corporate
1 909
1 442
-
-
income
239
180
-
-
total
239
180
-
-
Dividends
1 670
1 261
-
-
withholding
284
214
-
-
total
284
214
-
-
Income
2 300
2 300
2 300
2 300
Total tax
679
623
772
754
After tax
1 621
1 677
1 528
1 546
Living cost
235
235
235
235
Free-cash
1 386
1 442
1 293
1 311

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
€1744
€1692
€1800
€1596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 300
income
-
-
-
238
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
339
Employee

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

233
-
2 201
-
health
20
-
82
-
income
16
-
213
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
444
-
Employer

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

233
-
2 201
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
2 043
2 300
-
-
income
184
207
-
-
total
184
207
-
-
Dividends
1 860
2 093
-
-
withholding
167
188
-
-
total
167
188
-
-
Income
2 300
2 300
2 300
2 300
Total tax
447
395
543
339
After tax
1 853
1 905
1 757
1 961
Living cost
161
161
161
161
Free-cash
1 692
1 744
1 596
1 800

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
€1248
€1203
€1006
€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
-
-
-
2 300
accident
-
-
-
8
income
-
-
-
733
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 015
Employee
375
-
2 001
-
other
-
-
1
-
income
72
-
698
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
758
-
Employer
375
-
2 001
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 806
2 300
-
-
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.

271
345
-
-
total
271
345
-
-
Dividends
1 535
1 955
-
-
withholding
332
428
-
-
total
332
428
-
-
Income
2 300
2 300
2 300
2 300
Total tax
818
773
1 059
1 015
After tax
1 482
1 527
1 241
1 285
Living cost
279
279
279
279
Free-cash
1 203
1 248
962
1 006

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
€1407
€1402
€1451
€1449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
786
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
821
Employee
42
-
2 277
-
health
2
-
5
-
income
8
-
785
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
800
-
Employer
42
-
2 277
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
2 248
2 300
-
-
income
495
506
-
-
total
495
506
-
-
Dividends
1 753
1 794
-
-
withholding
351
359
-
-
total
351
359
-
-
Income
2 300
2 300
2 300
2 300
Total tax
870
865
823
821
After tax
1 430
1 435
1 477
1 479
Living cost
28
28
28
28
Free-cash
1 402
1 407
1 449
1 451

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1487
€1436
€1309
€1307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
533
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
816
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
-
2 166
-
health
14
-
39
-
income
36
-
533
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
683
-
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
-
2 166
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
1 988
2 300
-
-
income
298
345
-
-
total
298
345
-
-
Dividends
1 690
1 955
-
-
withholding
254
293
-
-
total
254
293
-
-
Income
2 300
2 300
2 300
2 300
Total tax
689
638
818
816
After tax
1 611
1 662
1 482
1 484
Living cost
175
175
175
175
Free-cash
1 436
1 487
1 307
1 309

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
€1035
€1032
€926
€746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 300
income
-
-
-
302
surtax
-
-
-
-
social contributions

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

-
-
-
799
total
-
-
-
1 101
Employee
393
-
1 859
-
social contributions
43
-
204
-
surtax
-
-
3
-
income
77
-
633
-
total
120
-
840
-
Employer
393
-
1 859
-
social contributions
93
-
441
-
total
93
-
441
-
Corporate
1 813
2 300
-
-
surtax
-
-
-
-
income
381
483
-
-
total
381
483
-
-
Dividends
1 432
1 817
-
-
withholding
401
509
-
-
total
401
509
-
-
Income
2 300
2 300
2 300
2 300
Total tax
995
992
1 281
1 101
After tax
1 305
1 308
1 019
1 199
Living cost
273
273
273
273
Free-cash
1 032
1 035
746
926

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
€1171
€1104
€929
€885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
8
income
-
-
-
733
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 015
Employee
489
-
2 001
-
other
-
-
1
-
income
102
-
698
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
758
-
Employer
489
-
2 001
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 655
2 300
-
-
income

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

248
345
-
-
total
248
345
-
-
Dividends
1 406
1 955
-
-
withholding
302
428
-
-
total
302
428
-
-
Income
2 300
2 300
2 300
2 300
Total tax
840
773
1 059
1 015
After tax
1 460
1 527
1 241
1 285
Living cost
356
356
356
356
Free-cash
1 104
1 171
885
929

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
€1793
€1731
€1687
€1783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
345
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
439
Employee
231
-
2 231
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
223
-
pensions

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

20
-
31
-
total
57
-
274
-
Employer
231
-
2 231
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
2 024
2 300
-
-
income
202
230
-
-
total
202
230
-
-
Dividends
1 821
2 070
-
-
withholding
91
103
-
-
total
91
103
-
-
Income
2 300
2 300
2 300
2 300
Total tax
395
333
343
439
After tax
1 905
1 967
1 957
1 861
Living cost
174
174
174
174
Free-cash
1 731
1 793
1 783
1 687

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
€792
€925
€768
€1030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 300
trade
-
-
-
262
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.

-
-
-
768
health

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

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

-
-
-
69
surtax

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

-
-
-
42
total
-
-
-
1 141
Employee

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

504
-
2 300
-
health

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

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

69
-
69
-
surtax

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

2
-
42
-
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
-
768
-
total
112
-
879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 796
2 300
-
-
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
269
345
-
-
trade
258
330
-
-
chamber of commerce
4
5
-
-
total
546
699
-
-
Dividends
1 250
1 601
-
-
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
22
-
-
withholding
309
396
-
-
total
326
418
-
-
Income
2 300
2 300
2 300
2 300
Total tax
984
1 117
879
1 141
After tax
1 316
1 183
1 421
1 159
Living cost
391
391
391
391
Free-cash
925
792
1 030
768

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
€1033
€1055
€575
€575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
752
social contributions
-
-
-
396
total
-
-
-
1 148
Employee
793
-
2 300
-
income
150
-
752
-
social contributions
66
-
396
-
total
216
-
1 148
-
Employer
793
-
2 300
-
total
-
-
-
-
Corporate
1 507
2 300
-
-
income
188
288
-
-
total
188
288
-
-
Dividends
1 319
2 012
-
-
withholding
264
402
-
-
total
264
402
-
-
Income
2 300
2 300
2 300
2 300
Total tax
668
690
1 148
1 148
After tax
1 632
1 610
1 152
1 152
Living cost
577
577
577
577
Free-cash
1 055
1 033
575
575

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
€1073
€1108
€1519
€1235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
income
-
-
-
345
health

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

-
-
-
68
total
-
-
-
413
Employee
465
-
2 253
-
income
50
-
603
-
social contributions
47
-
47
-
total
97
-
650
-
Employer
465
-
2 253
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 789
2 300
-
-
income
626
805
-
-
total
626
805
-
-
Dividends
1 163
1 495
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 300
2 300
2 300
2 300
Total tax
824
859
697
413
After tax
1 476
1 441
1 603
1 887
Living cost
368
368
368
368
Free-cash
1 108
1 073
1 235
1 519

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
€1072
€1132
€1108
€903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
income
-
-
-
710
pensions
-
-
-
102
total
-
-
-
812
Employee
521
-
2 005
-
health
7
-
27
-
income
95
-
573
-
pensions
40
-
122
-
total
142
-
722
-
Employer
521
-
2 005
-
pensions
53
-
257
-
health
10
-
38
-
total
63
-
295
-
Corporate
1 716
2 300
-
-
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.

326
437
-
-
total
326
437
-
-
Dividends
1 390
1 863
-
-
withholding
257
411
-
-
total
257
411
-
-
Income
2 300
2 300
2 300
2 300
Total tax
788
848
1 017
812
After tax
1 512
1 452
1 283
1 488
Living cost
380
380
380
380
Free-cash
1 132
1 072
903
1 108

Estimated living cost  is €380 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€53
€150
€1330
€1028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
accident
-
-
-
3
income
-
-
-
660
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
731
Employee
376
-
2 103
-
health
43
-
241
-
income
52
-
517
-
pensions
42
-
77
-
total
137
-
835
-
Employer
376
-
2 103
-
accident
6
-
35
-
unemployment
9
-
52
-
pensions
61
-
111
-
total
76
-
198
-
Corporate
1 847
2 300
-
-
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.

1 663
2 070
-
-
total
1 663
2 070
-
-
Dividends
185
230
-
-
withholding
35
44
-
-
total
35
44
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 911
2 114
1 033
731
After tax
389
186
1 267
1 569
Living cost
239
239
239
239
Free-cash
150
-53
1 028
1 330

Estimated living cost  is €239 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1622
€1592
€1331
€1553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 300
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
387
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
832
Employee

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

219
-
2 300
-
work injury
1
-
4
-
income
22
-
387
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
610
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 081
2 300
-
-
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%.

208
230
-
-
total
208
230
-
-
Dividends
1 873
2 070
-
-
withholding
281
311
-
-
total
281
311
-
-
Income
2 300
2 300
2 300
2 300
Total tax
571
541
610
832
After tax
1 729
1 759
1 690
1 468
Living cost
137
137
137
137
Free-cash
1 592
1 622
1 553
1 331

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
€807
€761
€677
€593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 300
municipal
-
-
-
16
regional
-
-
-
56
national
-
-
-
640
social contributions
-
-
-
507
total
-
-
-
1 219
Employee
854
-
2 300
-
social contributions
288
-
665
-
regional
13
-
51
-
municipal
5
-
15
-
national
144
-
572
-
total
450
-
1 303
-
Employer
854
-
2 300
-
total
-
-
-
-
Corporate
1 446
2 300
-
-
nationa
347
552
-
-
municipal
70
111
-
-
total
417
663
-
-
Dividends
1 029
1 637
-
-
withholding
268
426
-
-
total
268
426
-
-
Income
2 300
2 300
2 300
2 300
Total tax
1 135
1 089
1 303
1 219
After tax
1 165
1 211
997
1 081
Living cost
404
404
404
404
Free-cash
761
807
593
677

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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