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
€ 2400
per

Your estimated
City
free-cash

Dresden , Germany
€1169
€903
€865
€1014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
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.

-
-
-
810
trade
-
-
-
304
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.

-
-
-
45
total
-
-
-
1 228
Employee

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

388
-
2 400
-
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
-
45
-
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
-
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
-
810
-
total
81
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 012
2 400
-
-
income
302
360
-
-
trade
317
378
-
-
surtax

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

17
20
-
-
chamber of commerce
4
5
-
-
total
640
763
-
-
Dividends
1 373
1 637
-
-
withholding
339
405
-
-
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.

19
22
-
-
total
358
427
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 079
1 190
924
1 228
After tax
1 321
1 210
1 476
1 172
Living cost
307
307
307
307
Free-cash
1 014
903
1 169
865

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
€844
€964
€831
€955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
pensions
-
-
-
288
social contributions
-
-
-
26
municipal
-
-
-
267
national
-
-
-
454
total
-
-
-
1 035
Employee
828
-
2 075
-
municipal
102
-
276
-
pensions
33
-
83
-
national
159
-
475
-
total
294
-
834
-
Employer
828
-
2 075
-
social contributions
9
-
22
-
pensions
66
-
166
-
total
75
-
188
-
Corporate
1 442
2 400
-
-
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%.

288
480
-
-
total
288
480
-
-
Dividends
1 153
1 920
-
-
withholding
254
422
-
-
total
254
422
-
-
Income
2 400
2 400
2 400
2 400
Total tax
911
902
1 022
1 035
After tax
1 489
1 498
1 378
1 365
Living cost
534
534
534
534
Free-cash
955
964
844
831

Estimated living cost  is €534 per week

€363
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.
€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.
€114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€838
€1709
€670
€1625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
519
microenterprise
-
-
-
-
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
surtax
-
-
-
612
total
-
-
-
1 519
Employee
296
-
1 900
-
surtax
-
-
276
-
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
-
income
53
-
442
-
total
86
-
851
-
Employer
296
-
1 900
-
surtax
-
-
209
-
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
-
total
71
-
500
-
Corporate
2 033
2 400
-
-
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%.

407
480
-
-
total
407
480
-
-
Dividends

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

1 626
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
564
480
1 351
1 519
After tax
1 836
1 920
1 049
881
Living cost
211
211
211
211
Free-cash
1 625
1 709
838
670

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
€1109
€772
€857
€710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
874
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 118
Employee
865
865
2 212
-
pensions
156
119
119
-
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
433
-
total
431
374
677
-
Employer
865
865
2 212
-
health
60
60
75
-
unemployment
31
31
39
-
pensions
60
60
75
-
total
151
151
189
-
Corporate
1 394
1 383
-
-
income
279
277
-
-
total
279
277
-
-
Dividends
1 115
1 106
-
-
income
237
235
-
-
withholding
167
166
-
-
total
404
401
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 265
1 203
866
1 118
After tax
1 135
1 197
1 534
1 282
Living cost
425
425
425
425
Free-cash
710
772
1 109
857

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
€773
€898
€784
€891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
pensions
-
-
-
98
other
-
-
-
105
unemployment
-
-
-
1
accident
-
-
-
2
health
-
-
-
56
municipal
-
-
-
638
national
-
-
-
304
total
-
-
-
1 204
Employee
587
-
2 116
-
municipal
175
-
631
-
national
-
-
299
-
total
175
-
930
-
Employer
587
-
2 116
-
accident
1
-
2
-
other
68
-
105
-
health
36
-
56
-
unemployment
15
-
24
-
pensions
63
-
98
-
total
183
-
285
-
Corporate
1 629
2 400
-
-
income
358
528
-
-
total
358
528
-
-
Dividends
1 271
1 872
-
-
withholding
381
562
-
-
total
381
562
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 097
1 090
1 215
1 204
After tax
1 303
1 310
1 185
1 196
Living cost
412
412
412
412
Free-cash
891
898
773
784

Estimated living cost  is €412 per week

€273
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.
€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.
€92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€1078
€799
€761
€943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
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.

-
-
-
810
trade
-
-
-
317
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.

-
-
-
45
total
-
-
-
1 241
Employee

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

514
-
2 400
-
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
-
45
-
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
-
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
-
810
-
total
115
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 886
2 400
-
-
income
283
360
-
-
trade
310
395
-
-
surtax

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

16
20
-
-
chamber of commerce
4
5
-
-
total
613
780
-
-
Dividends
1 273
1 620
-
-
withholding
314
401
-
-
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
-
-
total
331
423
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 059
1 203
924
1 241
After tax
1 341
1 197
1 476
1 159
Living cost
398
398
398
398
Free-cash
943
799
1 078
761

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
€1261
€1420
€1281
€1378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
565
social contributions
-
-
-
164
health
-
-
-
61
total
-
-
-
790
Employee
779
779
2 271
-
social contributions
38
65
87
-
health
8
13
39
-
income
82
72
555
-
total
128
150
681
-
Employer
779
779
2 271
-
health
8
14
42
-
social contributions
38
65
87
-
total
46
79
129
-
Corporate
1 898
1 542
-
-
income
237
193
-
-
total
237
193
-
-
Dividends
1 660
1 349
-
-
withholding
282
229
-
-
total
282
229
-
-
Income
2 400
2 400
2 400
2 400
Total tax
693
651
810
790
After tax
1 707
1 749
1 590
1 610
Living cost
329
329
329
329
Free-cash
1 378
1 420
1 261
1 281

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
€1186
€1143
€1459
€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
-
-
-
2 400
income
-
-
-
293
pensions
-
-
-
240
unemployment
-
-
-
36
health
-
-
-
168
total
-
-
-
737
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.

294
117
2 008
-
unemployment
4
2
30
-
pensions
29
12
201
-
health
21
8
141
-
income
36
14
246
-
total
90
36
618
-
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.

294
117
2 008
-
pensions
57
23
392
-
total
57
23
392
-
Corporate
2 048
2 260
-
-
income
184
203
-
-
total
184
203
-
-
Dividends
1 864
2 057
-
-
withholding
354
391
-
-
social contributions
362
400
-
-
total
716
791
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 047
1 053
1 010
737
After tax
1 353
1 347
1 390
1 663
Living cost
204
204
204
204
Free-cash
1 149
1 143
1 186
1 459

Estimated living cost  is €204 per week

€139
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.
€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.
€44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€1138
€1675
€1041
€1612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
322
pensions
-
-
-
480
health
-
-
-
312
total
-
-
-
1 114
Employee
287
-
1 794
-
unemployment
5
-
29
-
pensions
6
-
36
-
income
32
-
346
-
total
43
-
411
-
Employer
287
-
1 794
-
health
37
-
233
-
unemployment
2
-
14
-
pensions
58
-
359
-
total
97
-
606
-
Corporate
2 015
2 400
-
-
income
403
480
-
-
total
403
480
-
-
Dividends
1 612
1 920
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
543
480
1 017
1 114
After tax
1 857
1 920
1 383
1 286
Living cost
245
245
245
245
Free-cash
1 612
1 675
1 138
1 041

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
€1100
-€30
€1414
€159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
691
pensions
-
-
-
42
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
762
Employee
352
-
2 197
-
pensions
40
-
78
-
health
40
-
252
-
income
48
-
543
-
total
128
-
873
-
Employer
352
-
2 197
-
accident
6
-
37
-
unemployment
9
-
54
-
pensions
57
-
112
-
total
72
-
203
-
Corporate
1 976
2 400
-
-
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.

1 779
2 160
-
-
total
1 779
2 160
-
-
Dividends
198
240
-
-
withholding
38
46
-
-
total
38
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 017
2 206
1 076
762
After tax
383
194
1 324
1 638
Living cost
224
224
224
224
Free-cash
159
-30
1 100
1 414

Estimated living cost  is €224 per week

€164
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.
€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 Gdansk model

Close
Batumi , Georgia
€1833
€2193
€2289
€2176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
109
-
2 400
-
income
22
-
480
-
total
22
-
480
-
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%.

2 291
2 400
-
-
total
-
-
-
-
Dividends
2 291
2 400
-
-
withholding
115
120
-
-
total
115
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
137
120
480
24
After tax
2 263
2 280
1 920
2 376
Living cost
87
87
87
87
Free-cash
2 176
2 193
1 833
2 289

Estimated living cost  is €87 per week

€54
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€23
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€1170
€1493
€1190
€1425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
429
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
-
-
-
940
Employee
368
-
2 008
-
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.

26
-
108
-
health
5
-
22
-
income
63
-
423
-
total
98
-
568
-
Employer
368
-
2 008
-
accident
3
-
16
-
other
18
-
77
-
health
5
-
22
-
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
-
total
93
-
392
-
Corporate
1 939
2 400
-
-
income
407
504
-
-
total
407
504
-
-
Dividends
1 532
1 896
-
-
withholding
107
133
-
-
total
107
133
-
-
Income
2 400
2 400
2 400
2 400
Total tax
705
637
960
940
After tax
1 695
1 763
1 440
1 460
Living cost
270
270
270
270
Free-cash
1 425
1 493
1 170
1 190

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
€650
€823
€863
€906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
750
pensions
-
-
-
104
total
-
-
-
854
Employee
966
-
2 091
-
pensions
93
-
123
-
health
16
-
28
-
income
174
-
607
-
total
283
-
758
-
Employer
966
-
2 091
-
health
18
-
40
-
pensions
114
-
269
-
total
132
-
309
-
Corporate
1 301
2 400
-
-
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.

247
456
-
-
total
247
456
-
-
Dividends
1 054
1 944
-
-
withholding
149
438
-
-
total
149
438
-
-
Income
2 400
2 400
2 400
2 400
Total tax
811
894
1 067
854
After tax
1 589
1 506
1 333
1 546
Living cost
683
683
683
683
Free-cash
906
823
650
863

Estimated living cost  is €683 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.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1908
€1917
€1810
€1869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
360
pensions

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

-
-
-
53
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
455
Employee
178
-
2 330
-
pensions

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

16
-
32
-
health
8
-
17
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
233
-
total
44
-
286
-
Employer
178
-
2 330
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
25
-
unemployment
1
-
2
-
pensions

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

20
-
40
-
total
35
-
71
-
Corporate
2 187
2 400
-
-
income
219
240
-
-
total
219
240
-
-
Dividends
1 968
2 160
-
-
withholding
98
108
-
-
total
98
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
396
348
357
455
After tax
2 004
2 052
2 043
1 945
Living cost
135
135
135
135
Free-cash
1 869
1 917
1 908
1 810

Estimated living cost  is €135 per week

€79
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.
€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

Source of data for Varna model

Close
Amsterdam , Netherlands
€972
€635
€720
€661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
874
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 118
Employee
940
865
2 212
-
pensions
119
119
119
-
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
433
-
total
378
374
677
-
Employer
940
865
2 212
-
health
65
60
75
-
unemployment
34
31
39
-
pensions
65
60
75
-
total
164
151
189
-
Corporate
1 296
1 383
-
-
income
259
277
-
-
total
259
277
-
-
Dividends
1 037
1 106
-
-
income
220
235
-
-
withholding
156
166
-
-
total
376
401
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 177
1 203
866
1 118
After tax
1 223
1 197
1 534
1 282
Living cost
562
562
562
562
Free-cash
661
635
972
720

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
€1064
€1399
€1169
€1310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
257
solidarity contribution
-
-
-
33
social contributions
-
-
-
364
health
-
-
-
324
total
-
-
-
978
Employee
372
-
1 916
-
social contributions
24
-
81
-
solidarity contribution
-
-
23
-
health
50
-
259
-
income
45
-
236
-
total
119
-
599
-
Employer
372
-
1 916
-
health
33
-
172
-
social contributions
93
-
312
-
total
126
-
484
-
Corporate
1 902
2 400
-
-
income
361
456
-
-
total
361
456
-
-
Dividends
1 540
1 944
-
-
withholding
231
292
-
-
total
231
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
837
748
1 083
978
After tax
1 563
1 652
1 317
1 422
Living cost
253
253
253
253
Free-cash
1 310
1 399
1 064
1 169

Estimated living cost  is €253 per week

€176
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.
€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.
€54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€650
€852
€736
€800
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
regional
-
-
-
31
social contributions
-
-
-
507
municipal
-
-
-
15
national
-
-
-
683
total
-
-
-
1 236
Employee
901
-
2 400
-
municipal
5
-
14
-
social contributions
304
-
665
-
regional
8
-
28
-
national
156
-
615
-
total
473
-
1 322
-
Employer
901
-
2 400
-
total
-
-
-
-
Corporate
1 499
2 400
-
-
nationa
360
576
-
-
municipal
58
94
-
-
total
418
670
-
-
Dividends
1 081
1 730
-
-
withholding
281
450
-
-
total
281
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 172
1 120
1 322
1 236
After tax
1 228
1 280
1 078
1 164
Living cost
428
428
428
428
Free-cash
800
852
650
736

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
€842
€1286
€904
€1254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
772
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
132
total
-
-
-
1 272
Employee
335
-
2 115
-
unemployment
23
-
94
-
surtax
1
-
120
-
pensions
22
-
90
-
health
9
-
34
-
other
-
-
-
-
income
56
-
711
-
total
111
-
1 049
-
Employer
335
-
2 115
-
other
-
-
-
-
health
15
-
62
-
unemployment
11
-
43
-
pensions
45
-
180
-
total
71
-
285
-
Corporate
1 994
2 400
-
-
income
519
624
-
-
total
519
624
-
-
Dividends
1 476
1 776
-
-
withholding
221
266
-
-
total
221
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
922
890
1 334
1 272
After tax
1 478
1 510
1 066
1 128
Living cost
224
224
224
224
Free-cash
1 254
1 286
842
904

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
€866
€1039
€1079
€1107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
750
pensions
-
-
-
104
total
-
-
-
854
Employee
648
-
2 091
-
pensions
55
-
123
-
health
9
-
28
-
income
117
-
607
-
total
181
-
758
-
Employer
648
-
2 091
-
health
12
-
40
-
pensions
70
-
269
-
total
82
-
309
-
Corporate
1 670
2 400
-
-
income

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

317
456
-
-
total
317
456
-
-
Dividends
1 353
1 944
-
-
withholding
246
438
-
-
total
246
438
-
-
Income
2 400
2 400
2 400
2 400
Total tax
826
894
1 067
854
After tax
1 574
1 506
1 333
1 546
Living cost
467
467
467
467
Free-cash
1 107
1 039
866
1 079

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
€1001
€282
€1089
€632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
regional
-
-
-
135
pensions
-
-
-
221
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.

-
-
-
48
city
-
-
-
25
health
-
-
-
5
national
-
-
-
62
total
-
-
-
496
Employee
954
-
2 160
-
city
10
-
23
-
unemployment
-
-
-
-
pensions
80
-
168
-
regional
31
-
120
-
health
2
-
5
-
national
5
-
52
-
total
128
-
368
-
Employer
954
-
2 160
-
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.

19
-
43
-
health
2
-
5
-
unemployment
-
-
-
-
pensions
80
-
168
-
total
101
-
216
-
Corporate
1 334
2 400
-
-
national
113
204
-
-
regional
282
508
-
-
total
395
712
-
-
Dividends
939
1 688
-
-
withholding
329
591
-
-
total
329
591
-
-
Income
2 400
2 400
2 400
2 400
Total tax
953
1 303
584
496
After tax
1 447
1 097
1 816
1 904
Living cost
815
815
815
815
Free-cash
632
282
1 001
1 089

Estimated living cost  is €815 per week

€530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
€1012
€720
€681
€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

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

-
-
-
2 400
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.

-
-
-
810
trade
-
-
-
331
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.

-
-
-
45
total
-
-
-
1 255
Employee

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

609
-
2 400
-
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
-
45
-
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
-
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
-
810
-
total
145
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 791
2 400
-
-
income
269
360
-
-
trade
307
412
-
-
surtax

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

15
20
-
-
chamber of commerce
4
5
-
-
total
595
797
-
-
Dividends
1 196
1 604
-
-
withholding
295
397
-
-
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
22
-
-
total
311
419
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 051
1 216
924
1 255
After tax
1 349
1 184
1 476
1 145
Living cost
464
464
464
464
Free-cash
885
720
1 012
681

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
€878
€863
€957
€922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
464
pensions
-
-
-
369
social contributions
-
-
-
68
other
-
-
-
74
health
-
-
-
121
surtax
-
-
-
-
total
-
-
-
1 096
Employee
434
-
1 825
-
surtax
-
-
-
-
pensions
49
-
140
-
social contributions
12
-
52
-
income
26
-
408
-
total
87
-
600
-
Employer
434
-
1 825
-
other
15
-
77
-
health
30
-
185
-
unemployment
18
-
74
-
social contributions
1
-
5
-
pensions
71
-
234
-
total
135
-
575
-
Corporate
1 831
2 400
-
-
income
513
672
-
-
surtax
-
-
-
-
total
513
672
-
-
Dividends
1 318
1 728
-
-
withholding
169
221
-
-
surtax
-
-
-
-
social contributions
227
297
-
-
total
396
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 131
1 190
1 175
1 096
After tax
1 269
1 210
1 225
1 304
Living cost
347
347
347
347
Free-cash
922
863
878
957

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
€913
€898
€992
€954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
464
pensions
-
-
-
369
social contributions
-
-
-
68
other
-
-
-
74
health
-
-
-
121
surtax
-
-
-
-
total
-
-
-
1 096
Employee
387
-
1 825
-
surtax
-
-
-
-
pensions
44
-
140
-
social contributions
11
-
52
-
income
20
-
408
-
total
75
-
600
-
Employer
387
-
1 825
-
other
13
-
77
-
health
27
-
185
-
unemployment
16
-
74
-
social contributions
1
-
5
-
pensions
64
-
234
-
total
121
-
575
-
Corporate
1 892
2 400
-
-
income
530
672
-
-
surtax
-
-
-
-
total
530
672
-
-
Dividends
1 362
1 728
-
-
withholding
174
221
-
-
surtax
-
-
-
-
social contributions
234
297
-
-
total
408
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 134
1 190
1 175
1 096
After tax
1 266
1 210
1 225
1 304
Living cost
312
312
312
312
Free-cash
954
898
913
992

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
€1258
€1249
€1326
€1255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
360
social contributions
-
-
-
331
health
-
-
-
168
total
-
-
-
859
Employee
344
-
2 400
-
social contributions
47
-
331
-
health
24
-
168
-
income
57
-
428
-
total
128
-
927
-
Employer
344
-
2 400
-
total
-
-
-
-
Corporate
2 056
2 400
-
-
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%.

103
120
-
-
total
103
120
-
-
Dividends
1 954
2 280
-
-
withholding
293
342
-
-
health
136
159
-
-
social contributions
270
315
-
-
total
699
816
-
-
Income
2 400
2 400
2 400
2 400
Total tax
930
936
927
859
After tax
1 470
1 464
1 473
1 541
Living cost
215
215
215
215
Free-cash
1 255
1 249
1 258
1 326

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
€268
€966
€870
€949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
789
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
10
surtax
-
-
-
2
total
-
-
-
1 173
Employee
506
404
1 998
-
unemployment
15
12
36
-
pensions
52
41
121
-
health
20
16
46
-
other
5
4
12
-
income
58
30
667
-
total
150
103
882
-
Employer
506
404
1 998
-
surtax
2
2
2
-
accident
7
5
15
-
other
24
19
88
-
health
19
15
45
-
unemployment
15
12
36
-
chamber of commerce
2
2
8
-
payroll
15
12
60
-
pensions
64
51
149
-
total
148
118
403
-
Corporate
1 746
1 878
1 959
-
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.

436
469
490
-
total
436
469
490
-
Dividends
1 309
1 408
-
-
withholding
360
387
-
-
total
360
387
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 094
1 077
1 775
1 173
After tax
1 306
1 323
625
1 227
Living cost
357
357
357
357
Free-cash
949
966
268
870

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
€442
€942
€674
€820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
communal

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

-
-
-
129
social contributions
-
-
-
253
national
-
-
-
974
total
-
-
-
1 356
Employee

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

725
-
1 859
-
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
-
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
-
139
-
communal

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

38
-
97
-
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
-
87
-
national
223
-
708
-
total
355
-
1 047
-
Employer

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

725
-
1 859
-
surtax
82
-
211
-
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
-
24
-
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
-
114
-
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
-
27
-
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
-
165
-
total
211
-
541
-
Corporate
1 464
2 400
-
-
income
293
523
-
-
surtax
6
10
-
-
total
299
533
-
-
Dividends
1 165
1 867
-
-
withholding

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

346
556
-
-
total
346
556
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 211
1 089
1 588
1 356
After tax
1 189
1 311
812
1 044
Living cost
370
370
370
370
Free-cash
820
942
442
674

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
€930
€1226
€974
€1157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
778
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
total
-
-
-
1 060
Employee
504
-
2 101
-
unemployment
8
-
15
-
pensions
24
-
44
-
other
-
-
1
-
income
106
-
743
-
total
138
-
803
-
Employer
504
-
2 101
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 735
2 400
-
-
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.

260
360
-
-
total
260
360
-
-
Dividends
1 474
2 040
-
-
withholding
318
448
-
-
total
318
448
-
-
Income
2 400
2 400
2 400
2 400
Total tax
877
808
1 104
1 060
After tax
1 523
1 592
1 296
1 340
Living cost
366
366
366
366
Free-cash
1 157
1 226
930
974

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
€663
€798
€566
€660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
463
communal
-
-
-
152
pensions
-
-
-
360
accident
-
-
-
20
health
-
-
-
169
surtax
-
-
-
119
total
-
-
-
1 283
Employee
767
-
2 144
-
surtax
47
-
131
-
pensions
61
-
172
-
health
34
-
95
-
income
74
-
532
-
total
216
-
930
-
Employer
767
-
2 144
-
accident
7
-
19
-
health
23
-
65
-
pensions
61
-
172
-
total
91
-
256
-
Corporate
1 541
2 400
-
-
income
231
360
-
-
surtax
16
25
-
-
communal
104
162
-
-
total
351
547
-
-
Dividends
1 190
1 853
-
-
income
353
226
-
-
withholding
178
278
-
-
total
531
504
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 189
1 051
1 186
1 283
After tax
1 211
1 349
1 214
1 117
Living cost
551
551
551
551
Free-cash
660
798
663
566

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
€838
€1282
€900
€1247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
772
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
132
total
-
-
-
1 272
Employee
341
-
2 115
-
unemployment
24
-
94
-
surtax
1
-
120
-
pensions
23
-
90
-
health
9
-
34
-
other
-
-
-
-
income
57
-
711
-
total
114
-
1 049
-
Employer
341
-
2 115
-
other
-
-
-
-
health
16
-
62
-
unemployment
11
-
43
-
pensions
46
-
180
-
total
73
-
285
-
Corporate
1 987
2 400
-
-
income
517
624
-
-
total
517
624
-
-
Dividends
1 470
1 776
-
-
withholding
221
266
-
-
total
221
266
-
-
Income
2 400
2 400
2 400
2 400
Total tax
925
890
1 334
1 272
After tax
1 475
1 510
1 066
1 128
Living cost
228
228
228
228
Free-cash
1 247
1 282
838
900

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
€798
€989
€884
€966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
regional
-
-
-
38
social contributions
-
-
-
507
municipal
-
-
-
15
national
-
-
-
683
total
-
-
-
1 243
Employee
562
-
2 400
-
municipal
3
-
14
-
social contributions
190
-
665
-
regional
8
-
35
-
national
89
-
615
-
total
290
-
1 329
-
Employer
562
-
2 400
-
total
-
-
-
-
Corporate
1 838
2 400
-
-
nationa
441
576
-
-
municipal
91
119
-
-
total
532
695
-
-
Dividends
1 305
1 705
-
-
withholding
339
443
-
-
total
339
443
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 161
1 138
1 329
1 243
After tax
1 239
1 262
1 071
1 157
Living cost
273
273
273
273
Free-cash
966
989
798
884

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
€1005
€1340
€1110
€1229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
257
solidarity contribution
-
-
-
33
social contributions
-
-
-
364
health
-
-
-
324
total
-
-
-
978
Employee
458
-
1 916
-
social contributions
30
-
81
-
solidarity contribution
-
-
23
-
health
62
-
259
-
income
55
-
236
-
total
147
-
599
-
Employer
458
-
1 916
-
health
41
-
172
-
social contributions
115
-
312
-
total
156
-
484
-
Corporate
1 786
2 400
-
-
income
339
456
-
-
total
339
456
-
-
Dividends
1 446
1 944
-
-
withholding
217
292
-
-
total
217
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
859
748
1 083
978
After tax
1 541
1 652
1 317
1 422
Living cost
312
312
312
312
Free-cash
1 229
1 340
1 005
1 110

Estimated living cost  is €312 per week

€232
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.
€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 Prague model

Close
Graz , Austria
€303
€1000
€906
€997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
789
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
chamber of commerce
-
-
-
10
surtax
-
-
-
-
total
-
-
-
1 171
Employee
443
404
2 000
-
unemployment
13
12
36
-
pensions
45
41
121
-
health
17
16
46
-
other
4
4
12
-
income
39
30
668
-
total
118
103
883
-
Employer
443
404
2 000
-
surtax
-
-
-
-
accident
6
5
15
-
other
21
19
88
-
health
17
15
45
-
unemployment
13
12
36
-
chamber of commerce
2
2
8
-
payroll
13
12
60
-
pensions
56
51
149
-
total
128
116
401
-
Corporate
1 830
1 880
1 961
-
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.

457
470
490
-
total
457
470
490
-
Dividends
1 372
1 410
-
-
withholding
377
388
-
-
total
377
388
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 080
1 077
1 774
1 171
After tax
1 320
1 323
626
1 229
Living cost
323
323
323
323
Free-cash
997
1 000
303
906

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
€1785
€2145
€2241
€2119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 400
microenterprise

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

-
-
-
24
total
-
-
-
24
Employee
169
-
2 400
-
income
34
-
480
-
total
34
-
480
-
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%.

2 231
2 400
-
-
total
-
-
-
-
Dividends
2 231
2 400
-
-
withholding
112
120
-
-
total
112
120
-
-
Income
2 400
2 400
2 400
2 400
Total tax
146
120
480
24
After tax
2 254
2 280
1 920
2 376
Living cost
135
135
135
135
Free-cash
2 119
2 145
1 785
2 241

Estimated living cost  is €135 per week

€92
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.
€34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€778
€1380
€830
€1295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
620
pensions
-
-
-
438
unemployment
-
-
-
4
health
-
-
-
236
total
-
-
-
1 298
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
-
2 077
-
unemployment
1
-
3
-
pensions
69
-
322
-
health
29
-
134
-
income
77
-
568
-
total
176
-
1 027
-
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
-
2 077
-
health
30
-
138
-
unemployment
-
-
1
-
pensions
40
-
184
-
total
70
-
323
-
Corporate
1 882
2 400
-
-
income
358
456
-
-
total
358
456
-
-
Dividends
1 525
1 944
-
-
withholding
229
292
-
-
total
229
292
-
-
Income
2 400
2 400
2 400
2 400
Total tax
833
748
1 350
1 298
After tax
1 567
1 652
1 050
1 102
Living cost
272
272
272
272
Free-cash
1 295
1 380
778
830

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
€1805
€1004
€1202
€502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
468
social contributions
-
-
-
274
total
-
-
-
742
Employee
654
-
-
-
social contributions
54
-
8
-
income
144
-
-
-
total
198
-
8
-
Employer
654
-
-
-
social contributions
922
-
131
-
total
922
-
131
-
Corporate
824
2 400
-
-
income
181
528
-
-
total
181
528
-
-
Dividends
643
1 872
-
-
income
141
412
-
-
total
141
412
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 442
940
139
742
After tax
958
1 460
2 261
1 658
Living cost
456
456
456
456
Free-cash
502
1 004
1 805
1 202

Estimated living cost  is €456 per week

€296
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.
€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.
€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 Oslo model

Close
Lisbon , Portugal
€736
€1047
€928
€1037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
320
social contributions

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

-
-
-
834
surtax
-
-
-
-
total
-
-
-
1 154
Employee
466
-
1 939
-
surtax
-
-
5
-
social contributions
51
-
213
-
income
97
-
667
-
total
148
-
885
-
Employer
466
-
1 939
-
social contributions
111
-
461
-
total
111
-
461
-
Corporate
1 823
2 400
-
-
income
383
504
-
-
surtax
-
-
-
-
total
383
504
-
-
Dividends
1 440
1 896
-
-
withholding
403
531
-
-
total
403
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 045
1 035
1 346
1 154
After tax
1 355
1 365
1 054
1 246
Living cost
318
318
318
318
Free-cash
1 037
1 047
736
928

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
€736
€721
€815
€791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
464
pensions
-
-
-
369
social contributions
-
-
-
68
other
-
-
-
74
health
-
-
-
121
surtax
-
-
-
-
total
-
-
-
1 096
Employee
635
-
1 825
-
surtax
-
-
-
-
pensions
72
-
140
-
social contributions
18
-
52
-
income
55
-
408
-
total
145
-
600
-
Employer
635
-
1 825
-
other
22
-
77
-
health
44
-
185
-
unemployment
26
-
74
-
social contributions
2
-
5
-
pensions
104
-
234
-
total
198
-
575
-
Corporate
1 567
2 400
-
-
income
439
672
-
-
surtax
-
-
-
-
total
439
672
-
-
Dividends
1 128
1 728
-
-
withholding
144
221
-
-
surtax
-
-
-
-
social contributions
194
297
-
-
total
338
518
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 120
1 190
1 175
1 096
After tax
1 280
1 210
1 225
1 304
Living cost
489
489
489
489
Free-cash
791
721
736
815

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
€1505
€1855
€1441
€1822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
126
social contributions
-
-
-
528
total
-
-
-
654
Employee
326
-
2 078
-
income
-
-
133
-
social contributions
21
-
135
-
total
21
-
268
-
Employer
326
-
2 078
-
social contributions
50
-
322
-
total
50
-
322
-
Corporate
2 024
2 400
-
-
income
202
240
-
-
total
202
240
-
-
Dividends
1 821
2 160
-
-
total
-
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
273
240
590
654
After tax
2 127
2 160
1 810
1 746
Living cost
305
305
305
305
Free-cash
1 822
1 855
1 505
1 441

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
€196
€196
€893
€110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
pensions
-
-
-
9
labour market
-
-
-
191
municipal
-
-
-
518
national
-
-
-
302
total
-
-
-
1 020
Employee
2 056
2 056
2 056
-
municipal
438
438
438
-
labour market
164
164
164
-
pensions
3
3
3
-
national
251
251
251
-
total
856
856
856
-
Employer
2 056
2 056
2 056
-
municipal
439
439
439
-
national
252
252
252
-
labour market
164
164
164
-
pensions
6
6
6
-
total
861
861
861
-
Corporate
196
-
-
-
income
43
-
-
-
total
43
-
-
-
Dividends
153
-
-
-
withholding
43
-
-
-
total
43
-
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 803
1 717
1 717
1 020
After tax
597
683
683
1 380
Living cost
487
487
487
487
Free-cash
110
196
196
893

Estimated living cost  is €487 per week

€333
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.
€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.
€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
€1104
-€26
€1418
€161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
691
pensions
-
-
-
42
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
762
Employee
347
-
2 197
-
pensions
39
-
78
-
health
40
-
252
-
income
48
-
543
-
total
127
-
873
-
Employer
347
-
2 197
-
accident
6
-
37
-
unemployment
8
-
54
-
pensions
56
-
112
-
total
70
-
203
-
Corporate
1 983
2 400
-
-
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.

1 784
2 160
-
-
total
1 784
2 160
-
-
Dividends
198
240
-
-
withholding
38
46
-
-
total
38
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 019
2 206
1 076
762
After tax
381
194
1 324
1 638
Living cost
220
220
220
220
Free-cash
161
-26
1 104
1 418

Estimated living cost  is €220 per week

€160
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.
€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
€795
€1077
€1069
€1109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
2 400
health
-
-
-
33
municipal
-
-
-
426
national
-
-
-
483
total
-
-
-
942
Employee
533
-
2 019
-
unemployment
8
-
30
-
municipal
87
-
329
-
pensions
36
-
136
-
health
4
-
27
-
national
9
-
313
-
total
144
-
835
-
Employer
533
-
2 019
-
accident
1
-
2
-
health
4
-
16
-
unemployment
3
-
13
-
pensions
92
-
350
-
total
100
-
381
-
Corporate
1 766
2 400
-
-
income
353
480
-
-
total
353
480
-
-
Dividends

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

1 060
1 440
-
-
municipal
191
259
-
-
national
114
195
-
-
total
305
454
-
-
Income
2 400
2 400
2 400
2 400
Total tax
902
934
1 216
942
After tax
1 498
1 466
1 184
1 458
Living cost
389
389
389
389
Free-cash
1 109
1 077
795
1 069

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
€1355
€1514
€1375
€1459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
565
social contributions
-
-
-
164
health
-
-
-
61
total
-
-
-
790
Employee
779
779
2 271
-
social contributions
29
65
87
-
health
6
13
39
-
income
85
72
555
-
total
120
150
681
-
Employer
779
779
2 271
-
health
7
14
42
-
social contributions
29
65
87
-
total
36
79
129
-
Corporate
2 009
1 542
-
-
income
251
193
-
-
total
251
193
-
-
Dividends
1 758
1 349
-
-
withholding
299
229
-
-
total
299
229
-
-
Income
2 400
2 400
2 400
2 400
Total tax
706
651
810
790
After tax
1 694
1 749
1 590
1 610
Living cost
235
235
235
235
Free-cash
1 459
1 514
1 355
1 375

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
€1685
€1826
€1889
€1774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 400
income
-
-
-
249
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
350
Employee

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

233
-
2 301
-
unemployment
1
-
5
-
pensions
35
-
144
-
health
20
-
82
-
income
16
-
224
-
total
72
-
455
-
Employer

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

233
-
2 301
-
health
10
-
41
-
unemployment
1
-
5
-
pensions
13
-
53
-
total
24
-
99
-
Corporate
2 143
2 400
-
-
income
193
216
-
-
total
193
216
-
-
Dividends
1 951
2 184
-
-
withholding
176
197
-
-
total
176
197
-
-
Income
2 400
2 400
2 400
2 400
Total tax
465
413
554
350
After tax
1 935
1 987
1 846
2 050
Living cost
161
161
161
161
Free-cash
1 774
1 826
1 685
1 889

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
€1017
€1313
€1061
€1269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
778
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
total
-
-
-
1 060
Employee
375
-
2 101
-
unemployment
6
-
15
-
pensions
18
-
44
-
other
-
-
1
-
income
72
-
743
-
total
96
-
803
-
Employer
375
-
2 101
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 906
2 400
-
-
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.

286
360
-
-
total
286
360
-
-
Dividends
1 620
2 040
-
-
withholding
351
448
-
-
total
351
448
-
-
Income
2 400
2 400
2 400
2 400
Total tax
852
808
1 104
1 060
After tax
1 548
1 592
1 296
1 340
Living cost
279
279
279
279
Free-cash
1 269
1 313
1 017
1 061

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
€1531
€1480
€1531
€1477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
828
pensions
-
-
-
13
health
-
-
-
10
total
-
-
-
851
Employee
28
-
2 385
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
1
-
3
-
income
5
-
827
-
total
8
-
837
-
Employer
28
-
2 385
-
health
3
-
6
-
unemployment
1
-
1
-
pensions
3
-
7
-
total
7
-
14
-
Corporate
2 366
2 400
-
-
income
521
528
-
-
total
521
528
-
-
Dividends
1 846
1 872
-
-
withholding
369
374
-
-
total
369
374
-
-
Income
2 400
2 400
2 400
2 400
Total tax
905
902
851
851
After tax
1 495
1 498
1 549
1 549
Living cost
18
18
18
18
Free-cash
1 477
1 480
1 531
1 531

Estimated living cost  is €18 per week

€11
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€1382
€1559
€1385
€1509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
558
pensions
-
-
-
194
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
840
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
-
2 266
-
unemployment
2
-
6
-
pensions
37
-
105
-
health
14
-
39
-
income
36
-
558
-
total
89
-
708
-
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
-
2 266
-
health
14
-
39
-
unemployment
2
-
6
-
pensions
32
-
90
-
total
48
-
135
-
Corporate
2 089
2 400
-
-
income
313
360
-
-
total
313
360
-
-
Dividends
1 776
2 040
-
-
withholding
266
306
-
-
total
266
306
-
-
Income
2 400
2 400
2 400
2 400
Total tax
716
666
843
840
After tax
1 684
1 734
1 557
1 560
Living cost
175
175
175
175
Free-cash
1 509
1 559
1 382
1 385

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
€781
€1092
€973
€1089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
320
social contributions

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

-
-
-
834
surtax
-
-
-
-
total
-
-
-
1 154
Employee
393
-
1 939
-
surtax
-
-
5
-
social contributions
43
-
213
-
income
77
-
667
-
total
120
-
885
-
Employer
393
-
1 939
-
social contributions
93
-
461
-
total
93
-
461
-
Corporate
1 913
2 400
-
-
income
402
504
-
-
surtax
-
-
-
-
total
402
504
-
-
Dividends
1 512
1 896
-
-
withholding
423
531
-
-
total
423
531
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 038
1 035
1 346
1 154
After tax
1 362
1 365
1 054
1 246
Living cost
273
273
273
273
Free-cash
1 089
1 092
781
973

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
€940
€1236
€984
€1170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
778
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
accident
-
-
-
8
total
-
-
-
1 060
Employee
489
-
2 101
-
unemployment
8
-
15
-
pensions
23
-
44
-
other
-
-
1
-
income
102
-
743
-
total
133
-
803
-
Employer
489
-
2 101
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 755
2 400
-
-
income

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

263
360
-
-
total
263
360
-
-
Dividends
1 491
2 040
-
-
withholding
321
448
-
-
total
321
448
-
-
Income
2 400
2 400
2 400
2 400
Total tax
874
808
1 104
1 060
After tax
1 526
1 592
1 296
1 340
Living cost
356
356
356
356
Free-cash
1 170
1 236
940
984

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
€1866
€1875
€1768
€1812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
360
pensions

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

-
-
-
53
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
455
Employee
234
-
2 330
-
pensions

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

21
-
32
-
health
11
-
17
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
233
-
total
58
-
286
-
Employer
234
-
2 330
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
25
-
unemployment
1
-
2
-
pensions

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

26
-
40
-
total
46
-
71
-
Corporate
2 120
2 400
-
-
income
212
240
-
-
total
212
240
-
-
Dividends
1 908
2 160
-
-
withholding
95
108
-
-
total
95
108
-
-
Income
2 400
2 400
2 400
2 400
Total tax
411
348
357
455
After tax
1 989
2 052
2 043
1 945
Living cost
177
177
177
177
Free-cash
1 812
1 875
1 866
1 768

Estimated living cost  is €177 per week

€117
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.
€46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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
€1085
€843
€808
€977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
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.

-
-
-
810
trade
-
-
-
277
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.

-
-
-
45
total
-
-
-
1 201
Employee

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

504
-
2 400
-
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
-
45
-
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
-
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
-
810
-
total
112
-
924
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 896
2 400
-
-
income
284
360
-
-
trade
272
344
-
-
surtax

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

16
20
-
-
chamber of commerce
4
5
-
-
total
576
729
-
-
Dividends
1 319
1 671
-
-
withholding
326
414
-
-
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
23
-
-
total
344
437
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 032
1 166
924
1 201
After tax
1 368
1 234
1 476
1 199
Living cost
391
391
391
391
Free-cash
977
843
1 085
808

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
€616
€1103
€616
€1125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
792
social contributions
-
-
-
415
total
-
-
-
1 207
Employee
793
-
2 400
-
income
150
-
792
-
social contributions
66
-
415
-
total
216
-
1 207
-
Employer
793
-
2 400
-
total
-
-
-
-
Corporate
1 607
2 400
-
-
income
201
300
-
-
total
201
300
-
-
Dividends
1 406
2 100
-
-
withholding
281
420
-
-
total
281
420
-
-
Income
2 400
2 400
2 400
2 400
Total tax
698
720
1 207
1 207
After tax
1 702
1 680
1 193
1 193
Living cost
577
577
577
577
Free-cash
1 125
1 103
616
616

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
€1300
€1138
€1609
€1173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
360
health

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

-
-
-
63
total
-
-
-
423
Employee
465
-
2 353
-
income
50
-
638
-
social contributions
47
-
47
-
total
97
-
685
-
Employer
465
-
2 353
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 889
2 400
-
-
income
661
840
-
-
total
661
840
-
-
Dividends
1 228
1 560
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 400
2 400
2 400
2 400
Total tax
859
894
732
423
After tax
1 541
1 506
1 668
1 977
Living cost
368
368
368
368
Free-cash
1 173
1 138
1 300
1 609

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
€954
€1127
€1167
€1187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
750
pensions
-
-
-
104
total
-
-
-
854
Employee
521
-
2 091
-
pensions
40
-
123
-
health
7
-
28
-
income
95
-
607
-
total
142
-
758
-
Employer
521
-
2 091
-
health
10
-
40
-
pensions
53
-
269
-
total
63
-
309
-
Corporate
1 817
2 400
-
-
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.

345
456
-
-
total
345
456
-
-
Dividends
1 472
1 944
-
-
withholding
284
438
-
-
total
284
438
-
-
Income
2 400
2 400
2 400
2 400
Total tax
834
894
1 067
854
After tax
1 566
1 506
1 333
1 546
Living cost
379
379
379
379
Free-cash
1 187
1 127
954
1 167

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€1082
-€48
€1396
€158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
income
-
-
-
691
pensions
-
-
-
42
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
762
Employee
381
-
2 197
-
pensions
43
-
78
-
health
44
-
252
-
income
52
-
543
-
total
139
-
873
-
Employer
381
-
2 197
-
accident
6
-
37
-
unemployment
9
-
54
-
pensions
62
-
112
-
total
77
-
203
-
Corporate
1 941
2 400
-
-
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.

1 747
2 160
-
-
total
1 747
2 160
-
-
Dividends
194
240
-
-
withholding
37
46
-
-
total
37
46
-
-
Income
2 400
2 400
2 400
2 400
Total tax
2 000
2 206
1 076
762
After tax
400
194
1 324
1 638
Living cost
242
242
242
242
Free-cash
158
-48
1 082
1 396

Estimated living cost  is €242 per week

€178
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
€1635
€1699
€1413
€1669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 400
income
-
-
-
405
pensions
-
-
-
298
unemployment
-
-
-
19
health insurance
-
-
-
120
work injury
-
-
-
8
total
-
-
-
850
Employee

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

219
-
2 400
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
health insurance
16
-
60
-
income
22
-
405
-
total
82
-
628
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 181
2 400
-
-
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%.

218
240
-
-
total
218
240
-
-
Dividends
1 963
2 160
-
-
withholding
294
324
-
-
total
294
324
-
-
Income
2 400
2 400
2 400
2 400
Total tax
594
564
628
850
After tax
1 806
1 836
1 772
1 550
Living cost
137
137
137
137
Free-cash
1 669
1 699
1 635
1 413

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
€646
€860
€729
€814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 400
regional
-
-
-
60
social contributions
-
-
-
507
municipal
-
-
-
17
national
-
-
-
683
total
-
-
-
1 267
Employee
854
-
2 400
-
municipal
5
-
16
-
social contributions
288
-
665
-
regional
13
-
54
-
national
144
-
615
-
total
450
-
1 350
-
Employer
854
-
2 400
-
total
-
-
-
-
Corporate
1 546
2 400
-
-
nationa
371
576
-
-
municipal
75
116
-
-
total
446
692
-
-
Dividends
1 100
1 708
-
-
withholding
286
444
-
-
total
286
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
1 182
1 136
1 350
1 267
After tax
1 218
1 264
1 050
1 133
Living cost
404
404
404
404
Free-cash
814
860
646
729

Estimated living cost  is €404 per week

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

Source of data for Rome model

Close
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Estimated living cost

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