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
€ 2450
per

Your estimated
City
free-cash

Dresden , Germany
€927
€1040
€885
€1197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
trade
-
-
-
312
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.

-
-
-
831
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.

-
-
-
46
total
-
-
-
1 258
Employee

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

388
-
2 450
-
health

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

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

69
-
69
-
surtax

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

1
-
46
-
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
-
831
-
total
81
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 062
2 450
-
-
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
-
-
income
309
368
-
-
trade
325
386
-
-
chamber of commerce
4
5
-
-
total
655
779
-
-
Dividends
1 407
1 671
-
-
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
23
-
-
withholding
348
414
-
-
total
367
437
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 103
1 216
946
1 258
After tax
1 347
1 234
1 504
1 192
Living cost
307
307
307
307
Free-cash
1 040
927
1 197
885

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
€1017
€1007
€871
€884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
273
pensions
-
-
-
294
national
-
-
-
474
social contributions
-
-
-
26
total
-
-
-
1 067
Employee
794
-
2 118
-
municipal
98
-
283
-
pensions
32
-
85
-
national
152
-
494
-
total
282
-
862
-
Employer
794
-
2 118
-
social contributions
9
-
23
-
pensions
64
-
169
-
total
73
-
192
-
Corporate
1 532
2 450
-
-
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%.

306
490
-
-
total
306
490
-
-
Dividends
1 225
1 960
-
-
withholding
270
431
-
-
total
270
431
-
-
Income
2 450
2 450
2 450
2 450
Total tax
931
921
1 054
1 067
After tax
1 519
1 529
1 396
1 383
Living cost
512
512
512
512
Free-cash
1 007
1 017
884
871

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€1749
€1665
€692
€863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
2 450
microenterprise
-
-
-
-
income
-
-
-
534
surtax
-
-
-
625
social contributions

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

-
-
-
388
total
-
-
-
1 547
Employee
296
-
1 945
-
social contributions

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

33
-
133
-
surtax
-
-
282
-
income
53
-
456
-
total
86
-
871
-
Employer
296
-
1 945
-
social contributions

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

71
-
291
-
surtax
-
-
214
-
total
71
-
505
-
Corporate
2 083
2 450
-
-
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%.

417
490
-
-
total
417
490
-
-
Dividends

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

1 666
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
574
490
1 376
1 547
After tax
1 876
1 960
1 074
903
Living cost
211
211
211
211
Free-cash
1 665
1 749
863
692

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
€797
€736
€881
€1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
900
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 144
Employee
865
865
2 262
-
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
451
-
pensions
156
119
119
-
total
431
374
695
-
Employer
865
865
2 262
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 444
1 433
-
-
income
289
287
-
-
total
289
287
-
-
Dividends
1 155
1 146
-
-
income
245
244
-
-
withholding
173
172
-
-
total
418
416
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 289
1 228
884
1 144
After tax
1 161
1 222
1 566
1 306
Living cost
425
425
425
425
Free-cash
736
797
1 141
881

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
€946
€937
€821
€811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
656
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
331
total
-
-
-
1 237
Employee
558
-
2 180
-
municipal
166
-
650
-
national
-
-
326
-
total
166
-
976
-
Employer
558
-
2 180
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 717
2 450
-
-
income
378
539
-
-
total
378
539
-
-
Dividends
1 339
1 911
-
-
withholding
402
573
-
-
total
402
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 121
1 112
1 247
1 237
After tax
1 329
1 338
1 203
1 213
Living cost
392
392
392
392
Free-cash
937
946
811
821

Estimated living cost  is €392 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€823
€968
€780
€1106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 450
trade
-
-
-
326
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.

-
-
-
831
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.

-
-
-
46
total
-
-
-
1 272
Employee

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

514
-
2 450
-
health

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

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

69
-
69
-
surtax

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

2
-
46
-
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
-
831
-
total
115
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 936
2 450
-
-
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
-
-
income
290
368
-
-
trade
318
403
-
-
chamber of commerce
4
5
-
-
total
628
796
-
-
Dividends
1 307
1 654
-
-
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
-
-
withholding
323
410
-
-
total
341
433
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 084
1 229
946
1 272
After tax
1 366
1 221
1 504
1 178
Living cost
398
398
398
398
Free-cash
968
823
1 106
780

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
€1456
€1414
€1313
€1293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
582
health
-
-
-
62
social contributions
-
-
-
164
total
-
-
-
808
Employee
779
779
2 320
-
social contributions
38
65
87
-
health
8
13
39
-
income
82
72
572
-
total
128
150
698
-
Employer
779
779
2 320
-
social contributions
38
65
87
-
health
8
14
43
-
total
46
79
130
-
Corporate
1 948
1 592
-
-
income
243
199
-
-
total
243
199
-
-
Dividends
1 704
1 393
-
-
withholding
290
237
-
-
total
290
237
-
-
Income
2 450
2 450
2 450
2 450
Total tax
707
665
828
808
After tax
1 743
1 785
1 622
1 642
Living cost
329
329
329
329
Free-cash
1 414
1 456
1 293
1 313

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
€1190
€1194
€1513
€1235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
300
pensions
-
-
-
245
unemployment
-
-
-
37
health
-
-
-
171
total
-
-
-
753
Employee

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

The minimum wage is 138,000 HUF per month.

266
106
2 050
-
health
19
7
144
-
income
32
13
251
-
pensions
27
11
205
-
unemployment
4
2
31
-
total
82
33
631
-
Employer

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

The minimum wage is 138,000 HUF per month.

266
106
2 050
-
pensions
52
21
400
-
total
52
21
400
-
Corporate
2 132
2 324
-
-
income
192
209
-
-
total
192
209
-
-
Dividends
1 940
2 114
-
-
social contributions
377
411
-
-
withholding
369
402
-
-
total
746
813
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 072
1 076
1 031
753
After tax
1 378
1 374
1 419
1 697
Living cost
184
184
184
184
Free-cash
1 194
1 190
1 235
1 513

Estimated living cost  is €184 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€1715
€1652
€1069
€1167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
328
pensions
-
-
-
490
health
-
-
-
318
total
-
-
-
1 136
Employee
287
-
1 831
-
income
32
-
353
-
pensions
6
-
37
-
unemployment
5
-
29
-
total
43
-
419
-
Employer
287
-
1 831
-
unemployment
2
-
15
-
pensions
58
-
366
-
health
37
-
238
-
total
97
-
619
-
Corporate
2 065
2 450
-
-
income
413
490
-
-
total
413
490
-
-
Dividends
1 652
1 960
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
553
490
1 038
1 136
After tax
1 897
1 960
1 412
1 314
Living cost
245
245
245
245
Free-cash
1 652
1 715
1 167
1 069

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
-€24
€163
€1450
€1132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
707
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
778
Employee
349
-
2 246
-
health
40
-
257
-
income
48
-
558
-
pensions
39
-
77
-
total
127
-
892
-
Employer
349
-
2 246
-
accident
6
-
38
-
unemployment
9
-
55
-
pensions
57
-
111
-
total
72
-
204
-
Corporate
2 030
2 450
-
-
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.

1 827
2 205
-
-
total
1 827
2 205
-
-
Dividends
203
245
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 065
2 252
1 096
778
After tax
385
198
1 354
1 672
Living cost
222
222
222
222
Free-cash
163
-24
1 132
1 450

Estimated living cost  is €222 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€2237
€2219
€2335
€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

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%.

-
-
-
2 450
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
114
-
2 450
-
income
23
-
490
-
total
23
-
490
-
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%.

2 336
2 450
-
-
total
-
-
-
-
Dividends
2 336
2 450
-
-
withholding
117
122
-
-
total
117
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
140
122
490
24
After tax
2 310
2 328
1 960
2 426
Living cost
91
91
91
91
Free-cash
2 219
2 237
1 869
2 335

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€1531
€1461
€1227
€1208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
442
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
-
-
-
953
Employee
368
-
2 058
-
health
5
-
22
-
income
63
-
435
-
pensions

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

26
-
108
-
unemployment
4
-
15
-
total
98
-
580
-
Employer
368
-
2 058
-
accident
3
-
16
-
other
18
-
77
-
unemployment
4
-
15
-
pensions

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

63
-
262
-
health
5
-
22
-
total
93
-
392
-
Corporate
1 989
2 450
-
-
income
418
514
-
-
total
418
514
-
-
Dividends
1 572
1 936
-
-
withholding
110
135
-
-
total
110
135
-
-
Income
2 450
2 450
2 450
2 450
Total tax
719
649
972
953
After tax
1 731
1 801
1 478
1 497
Living cost
270
270
270
270
Free-cash
1 461
1 531
1 208
1 227

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
€852
€934
€895
€677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
770
pensions
-
-
-
105
total
-
-
-
875
Employee
962
-
2 134
-
health
16
-
28
-
income
173
-
625
-
pensions
93
-
124
-
total
282
-
777
-
Employer
962
-
2 134
-
pensions
114
-
275
-
health
18
-
41
-
total
132
-
316
-
Corporate
1 356
2 450
-
-
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.

258
466
-
-
total
258
466
-
-
Dividends
1 098
1 984
-
-
withholding
164
452
-
-
total
164
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
836
918
1 093
875
After tax
1 614
1 532
1 357
1 575
Living cost
680
680
680
680
Free-cash
934
852
677
895

Estimated living cost  is €680 per week

€510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€1962
€1915
€1855
€1959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
368
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
462
Employee
176
-
2 381
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
238
-
pensions

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

15
-
31
-
total
43
-
289
-
Employer
176
-
2 381
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
2 239
2 450
-
-
income
224
245
-
-
total
224
245
-
-
Dividends
2 015
2 205
-
-
withholding
101
110
-
-
total
101
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
402
355
358
462
After tax
2 048
2 095
2 092
1 988
Living cost
133
133
133
133
Free-cash
1 915
1 962
1 959
1 855

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
€660
€686
€744
€1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
900
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 144
Employee
940
865
2 262
-
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
451
-
pensions
119
119
119
-
total
378
374
695
-
Employer
940
865
2 262
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
1 346
1 433
-
-
income
269
287
-
-
total
269
287
-
-
Dividends
1 077
1 146
-
-
income
229
244
-
-
withholding
162
172
-
-
total
391
416
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 202
1 228
884
1 144
After tax
1 248
1 222
1 566
1 306
Living cost
562
562
562
562
Free-cash
686
660
1 004
744

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
€1443
€1357
€1222
€1112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
265
health
-
-
-
331
solidarity contribution
-
-
-
40
social contributions
-
-
-
349
total
-
-
-
985
Employee
357
-
1 973
-
social contributions
23
-
78
-
health
48
-
266
-
solidarity contribution
-
-
30
-
income
43
-
244
-
total
114
-
618
-
Employer
357
-
1 973
-
social contributions
89
-
299
-
health
32
-
178
-
total
121
-
477
-
Corporate
1 972
2 450
-
-
income
375
466
-
-
total
375
466
-
-
Dividends
1 597
1 984
-
-
withholding
240
298
-
-
total
240
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
850
764
1 095
985
After tax
1 600
1 686
1 355
1 465
Living cost
243
243
243
243
Free-cash
1 357
1 443
1 112
1 222

Estimated living cost  is €243 per week

€169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€879
€827
€763
€678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
16
regional
-
-
-
32
national
-
-
-
704
social contributions
-
-
-
507
total
-
-
-
1 259
Employee
901
-
2 450
-
social contributions
304
-
665
-
regional
8
-
29
-
municipal
5
-
14
-
national
156
-
636
-
total
473
-
1 344
-
Employer
901
-
2 450
-
total
-
-
-
-
Corporate
1 549
2 450
-
-
nationa
372
588
-
-
municipal
60
96
-
-
total
432
684
-
-
Dividends
1 117
1 766
-
-
withholding
290
459
-
-
total
290
459
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 195
1 143
1 344
1 259
After tax
1 255
1 307
1 106
1 191
Living cost
428
428
428
428
Free-cash
827
879
678
763

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
€1317
€1285
€928
€865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
794
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
136
total
-
-
-
1 298
Employee
335
-
2 165
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
124
-
income
56
-
734
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
1 076
-
Employer
335
-
2 165
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
2 044
2 450
-
-
income
532
637
-
-
total
532
637
-
-
Dividends
1 513
1 813
-
-
withholding
227
272
-
-
total
227
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
941
909
1 361
1 298
After tax
1 509
1 541
1 089
1 152
Living cost
224
224
224
224
Free-cash
1 285
1 317
865
928

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
€1067
€1136
€1110
€892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
770
pensions
-
-
-
105
total
-
-
-
875
Employee
645
-
2 134
-
health
9
-
28
-
income
116
-
625
-
pensions
55
-
124
-
total
180
-
777
-
Employer
645
-
2 134
-
pensions
70
-
275
-
health
12
-
41
-
total
82
-
316
-
Corporate
1 723
2 450
-
-
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.

327
466
-
-
total
327
466
-
-
Dividends
1 396
1 984
-
-
withholding
260
452
-
-
total
260
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
849
918
1 093
875
After tax
1 601
1 532
1 357
1 575
Living cost
465
465
465
465
Free-cash
1 136
1 067
892
1 110

Estimated living cost  is €465 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€355
€683
€1162
€1084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
city
-
-
-
26
pensions
-
-
-
225
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.

-
-
-
49
regional
-
-
-
143
health
-
-
-
6
national
-
-
-
73
total
-
-
-
522
Employee
896
-
2 210
-
city
10
-
24
-
regional
29
-
128
-
health
2
-
5
-
pensions
75
-
167
-
unemployment
-
-
-
-
national
4
-
60
-
total
120
-
384
-
Employer
896
-
2 210
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

18
-
44
-
unemployment
-
-
-
-
pensions
75
-
167
-
health
2
-
5
-
total
95
-
216
-
Corporate
1 449
2 450
-
-
regional
306
518
-
-
national
123
208
-
-
total
429
726
-
-
Dividends
1 019
1 724
-
-
withholding
357
603
-
-
total
357
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 001
1 329
600
522
After tax
1 449
1 121
1 850
1 928
Living cost
766
766
766
766
Free-cash
683
355
1 084
1 162

Estimated living cost  is €766 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€746
€909
€701
€1040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 450
trade
-
-
-
339
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.

-
-
-
831
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.

-
-
-
46
total
-
-
-
1 285
Employee

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

609
-
2 450
-
health

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

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

69
-
69
-
surtax

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

4
-
46
-
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
-
831
-
total
145
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 841
2 450
-
-
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
-
-
income
276
368
-
-
trade
316
420
-
-
chamber of commerce
4
5
-
-
total
611
813
-
-
Dividends
1 230
1 637
-
-
surtax

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

17
22
-
-
withholding
304
405
-
-
total
321
427
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 077
1 240
946
1 285
After tax
1 373
1 210
1 504
1 165
Living cost
464
464
464
464
Free-cash
909
746
1 040
701

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
€888
€948
€980
€896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
480
pensions
-
-
-
373
other
-
-
-
76
health
-
-
-
124
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 123
Employee
434
-
1 861
-
social contributions
12
-
53
-
surtax
-
-
-
-
income
26
-
421
-
pensions
49
-
144
-
total
87
-
618
-
Employer
434
-
1 861
-
other
15
-
79
-
social contributions
1
-
6
-
unemployment
18
-
75
-
pensions
71
-
240
-
health
30
-
189
-
total
135
-
589
-
Corporate
1 881
2 450
-
-
surtax
-
-
-
-
income
527
686
-
-
total
527
686
-
-
Dividends
1 354
1 764
-
-
surtax
-
-
-
-
social contributions
233
303
-
-
withholding
173
226
-
-
total
406
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 155
1 215
1 207
1 123
After tax
1 295
1 235
1 243
1 327
Living cost
347
347
347
347
Free-cash
948
888
896
980

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
€923
€979
€1015
€931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
480
pensions
-
-
-
373
other
-
-
-
76
health
-
-
-
124
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 123
Employee
387
-
1 861
-
social contributions
11
-
53
-
surtax
-
-
-
-
income
20
-
421
-
pensions
44
-
144
-
total
75
-
618
-
Employer
387
-
1 861
-
other
13
-
79
-
social contributions
1
-
6
-
unemployment
16
-
75
-
pensions
64
-
240
-
health
27
-
189
-
total
121
-
589
-
Corporate
1 942
2 450
-
-
surtax
-
-
-
-
income
544
686
-
-
total
544
686
-
-
Dividends
1 398
1 764
-
-
surtax
-
-
-
-
social contributions
240
303
-
-
withholding
179
226
-
-
total
419
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 159
1 215
1 207
1 123
After tax
1 291
1 235
1 243
1 327
Living cost
312
312
312
312
Free-cash
979
923
931
1 015

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
€1281
€1286
€1358
€1288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
368
health
-
-
-
171
social contributions
-
-
-
338
total
-
-
-
877
Employee
344
-
2 450
-
social contributions
47
-
338
-
health
24
-
171
-
income
57
-
438
-
total
128
-
947
-
Employer
344
-
2 450
-
total
-
-
-
-
Corporate
2 106
2 450
-
-
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%.

105
122
-
-
total
105
122
-
-
Dividends
2 001
2 328
-
-
health
140
162
-
-
social contributions
276
321
-
-
withholding
300
349
-
-
total
716
832
-
-
Income
2 450
2 450
2 450
2 450
Total tax
949
954
947
877
After tax
1 501
1 496
1 503
1 573
Living cost
215
215
215
215
Free-cash
1 286
1 281
1 288
1 358

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
€992
€976
€895
€280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
chamber of commerce
-
-
-
10
income
-
-
-
814
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
1 198
Employee
506
404
2 044
-
other
5
4
12
-
health
20
16
46
-
income
58
30
690
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
905
-
Employer
506
404
2 044
-
accident
7
5
15
-
other
24
19
90
-
chamber of commerce
2
2
8
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
61
-
health
19
15
45
-
total
148
118
406
-
Corporate
1 796
1 928
2 006
-
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.

449
482
502
-
total
449
482
502
-
Dividends
1 347
1 446
-
-
withholding
370
398
-
-
total
370
398
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 117
1 101
1 813
1 198
After tax
1 333
1 349
637
1 252
Living cost
357
357
357
357
Free-cash
976
992
280
895

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
€966
€848
€696
€456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
national
-
-
-
999
communal

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

-
-
-
132
social contributions
-
-
-
253
total
-
-
-
1 384
Employee

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

725
-
1 898
-
communal

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

38
-
99
-
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
-
89
-
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
-
142
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
16
-
national
223
-
725
-
total
355
-
1 071
-
Employer

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

725
-
1 898
-
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
-
25
-
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
-
28
-
surtax
82
-
215
-
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
-
168
-
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
-
117
-
total
211
-
553
-
Corporate
1 514
2 450
-
-
surtax
6
11
-
-
income
303
537
-
-
total
309
548
-
-
Dividends
1 205
1 902
-
-
withholding

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

358
567
-
-
total
358
567
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 233
1 115
1 624
1 384
After tax
1 217
1 335
826
1 066
Living cost
370
370
370
370
Free-cash
848
966
456
696

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
€1259
€1190
€1001
€957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
8
income
-
-
-
801
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 083
Employee
504
-
2 151
-
other
-
-
1
-
income
106
-
766
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
826
-
Employer
504
-
2 151
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 785
2 450
-
-
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.

268
368
-
-
total
268
368
-
-
Dividends
1 517
2 082
-
-
withholding
327
457
-
-
total
327
457
-
-
Income
2 450
2 450
2 450
2 450
Total tax
894
825
1 127
1 083
After tax
1 556
1 625
1 323
1 367
Living cost
366
366
366
366
Free-cash
1 190
1 259
957
1 001

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
€821
€683
€591
€684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
20
income
-
-
-
481
pensions
-
-
-
361
health
-
-
-
169
surtax
-
-
-
122
communal
-
-
-
155
total
-
-
-
1 308
Employee
767
-
2 188
-
health
34
-
97
-
surtax
47
-
134
-
income
74
-
547
-
pensions
61
-
175
-
total
216
-
953
-
Employer
767
-
2 188
-
accident
7
-
20
-
pensions
61
-
175
-
health
23
-
67
-
total
91
-
262
-
Corporate
1 591
2 450
-
-
surtax
17
26
-
-
communal
107
165
-
-
income
239
368
-
-
total
363
559
-
-
Dividends
1 228
1 891
-
-
income
362
235
-
-
withholding
184
284
-
-
total
546
519
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 216
1 078
1 215
1 308
After tax
1 234
1 372
1 235
1 142
Living cost
551
551
551
551
Free-cash
683
821
684
591

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
€1313
€1279
€924
€861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
794
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
136
total
-
-
-
1 298
Employee
341
-
2 165
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
124
-
income
57
-
734
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
1 076
-
Employer
341
-
2 165
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
2 037
2 450
-
-
income
530
637
-
-
total
530
637
-
-
Dividends
1 507
1 813
-
-
withholding
226
272
-
-
total
226
272
-
-
Income
2 450
2 450
2 450
2 450
Total tax
943
909
1 361
1 298
After tax
1 507
1 541
1 089
1 152
Living cost
228
228
228
228
Free-cash
1 279
1 313
861
924

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
€1015
€991
€911
€826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
16
regional
-
-
-
39
national
-
-
-
704
social contributions
-
-
-
507
total
-
-
-
1 266
Employee
562
-
2 450
-
social contributions
190
-
665
-
regional
8
-
36
-
municipal
3
-
14
-
national
89
-
636
-
total
290
-
1 351
-
Employer
562
-
2 450
-
total
-
-
-
-
Corporate
1 888
2 450
-
-
nationa
453
588
-
-
municipal
94
122
-
-
total
547
710
-
-
Dividends
1 341
1 740
-
-
withholding
349
452
-
-
total
349
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 186
1 162
1 351
1 266
After tax
1 264
1 288
1 099
1 184
Living cost
273
273
273
273
Free-cash
991
1 015
826
911

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
€1387
€1280
€1166
€1056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
265
health
-
-
-
331
solidarity contribution
-
-
-
40
social contributions
-
-
-
349
total
-
-
-
985
Employee
440
-
1 973
-
social contributions
29
-
78
-
health
59
-
266
-
solidarity contribution
-
-
30
-
income
53
-
244
-
total
141
-
618
-
Employer
440
-
1 973
-
social contributions
110
-
299
-
health
40
-
178
-
total
150
-
477
-
Corporate
1 861
2 450
-
-
income
354
466
-
-
total
354
466
-
-
Dividends
1 507
1 984
-
-
withholding
226
298
-
-
total
226
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
871
764
1 095
985
After tax
1 579
1 686
1 355
1 465
Living cost
299
299
299
299
Free-cash
1 280
1 387
1 056
1 166

Estimated living cost  is €299 per week

€222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€1028
€1023
€931
€315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
chamber of commerce
-
-
-
10
income
-
-
-
814
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 196
Employee
443
404
2 046
-
other
4
4
12
-
health
17
16
46
-
income
39
30
691
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
906
-
Employer
443
404
2 046
-
accident
6
5
15
-
other
21
19
90
-
chamber of commerce
2
2
8
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
61
-
health
17
15
45
-
total
128
116
404
-
Corporate
1 880
1 930
2 008
-
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.

470
482
502
-
total
470
482
502
-
Dividends
1 410
1 447
-
-
withholding
388
398
-
-
total
388
398
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 104
1 099
1 812
1 196
After tax
1 346
1 351
638
1 254
Living cost
323
323
323
323
Free-cash
1 023
1 028
315
931

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
€2186
€2158
€2284
€1818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
2 450
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
178
-
2 450
-
income
36
-
490
-
total
36
-
490
-
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%.

2 272
2 450
-
-
total
-
-
-
-
Dividends
2 272
2 450
-
-
withholding
114
122
-
-
total
114
122
-
-
Income
2 450
2 450
2 450
2 450
Total tax
150
122
490
24
After tax
2 300
2 328
1 960
2 426
Living cost
142
142
142
142
Free-cash
2 158
2 186
1 818
2 284

Estimated living cost  is €142 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€1414
€1330
€848
€794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
income
-
-
-
638
pensions
-
-
-
447
unemployment
-
-
-
4
health
-
-
-
241
total
-
-
-
1 330
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
-
2 120
-
health
29
-
137
-
income
77
-
585
-
pensions
69
-
329
-
unemployment
1
-
3
-
total
176
-
1 054
-
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
-
2 120
-
unemployment
-
-
1
-
pensions
40
-
188
-
health
30
-
141
-
total
70
-
330
-
Corporate
1 932
2 450
-
-
income
367
466
-
-
total
367
466
-
-
Dividends
1 565
1 984
-
-
withholding
235
298
-
-
total
235
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
848
764
1 384
1 330
After tax
1 602
1 686
1 066
1 120
Living cost
272
272
272
272
Free-cash
1 330
1 414
794
848

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
€1053
€571
€1255
€1879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
478
social contributions
-
-
-
279
total
-
-
-
757
Employee
628
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
628
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
938
2 450
-
-
income
206
539
-
-
total
206
539
-
-
Dividends
731
1 911
-
-
income
161
420
-
-
total
161
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 441
959
133
757
After tax
1 009
1 491
2 317
1 693
Living cost
438
438
438
438
Free-cash
571
1 053
1 879
1 255

Estimated living cost  is €438 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€1076
€1066
€952
€753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
income
-
-
-
329
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 180
Employee
466
-
1 980
-
social contributions
51
-
218
-
surtax
-
-
6
-
income
97
-
685
-
total
148
-
909
-
Employer
466
-
1 980
-
social contributions
111
-
470
-
total
111
-
470
-
Corporate
1 873
2 450
-
-
surtax
-
-
-
-
income
393
514
-
-
total
393
514
-
-
Dividends
1 480
1 936
-
-
withholding
414
542
-
-
total
414
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 066
1 056
1 379
1 180
After tax
1 384
1 394
1 071
1 270
Living cost
318
318
318
318
Free-cash
1 066
1 076
753
952

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
€746
€816
€838
€754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
480
pensions
-
-
-
373
other
-
-
-
76
health
-
-
-
124
surtax
-
-
-
-
social contributions
-
-
-
70
total
-
-
-
1 123
Employee
635
-
1 861
-
social contributions
18
-
53
-
surtax
-
-
-
-
income
55
-
421
-
pensions
72
-
144
-
total
145
-
618
-
Employer
635
-
1 861
-
other
22
-
79
-
social contributions
2
-
6
-
unemployment
26
-
75
-
pensions
104
-
240
-
health
44
-
189
-
total
198
-
589
-
Corporate
1 617
2 450
-
-
surtax
-
-
-
-
income
453
686
-
-
total
453
686
-
-
Dividends
1 164
1 764
-
-
surtax
-
-
-
-
social contributions
200
303
-
-
withholding
149
226
-
-
total
349
529
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 145
1 215
1 207
1 123
After tax
1 305
1 235
1 243
1 327
Living cost
489
489
489
489
Free-cash
816
746
754
838

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
€1900
€1867
€1476
€1541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
130
social contributions
-
-
-
539
total
-
-
-
669
Employee
326
-
2 121
-
income
-
-
137
-
social contributions
21
-
138
-
total
21
-
275
-
Employer
326
-
2 121
-
social contributions
50
-
329
-
total
50
-
329
-
Corporate
2 074
2 450
-
-
income
207
245
-
-
total
207
245
-
-
Dividends
1 866
2 205
-
-
total
-
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
278
245
604
669
After tax
2 172
2 205
1 846
1 781
Living cost
305
305
305
305
Free-cash
1 867
1 900
1 541
1 476

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
€240
€129
€919
€240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
530
pensions
-
-
-
9
national
-
-
-
309
labour market
-
-
-
195
total
-
-
-
1 043
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
241
-
-
-
income
53
-
-
-
total
53
-
-
-
Dividends
188
-
-
-
withholding
58
-
-
-
total
58
-
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 833
1 722
1 722
1 043
After tax
617
728
728
1 407
Living cost
488
488
488
488
Free-cash
129
240
240
919

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-€20
€165
€1454
€1136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
707
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
778
Employee
344
-
2 246
-
health
39
-
257
-
income
47
-
558
-
pensions
39
-
77
-
total
125
-
892
-
Employer
344
-
2 246
-
accident
6
-
38
-
unemployment
8
-
55
-
pensions
56
-
111
-
total
70
-
204
-
Corporate
2 036
2 450
-
-
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.

1 833
2 205
-
-
total
1 833
2 205
-
-
Dividends
204
245
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 067
2 252
1 096
778
After tax
383
198
1 354
1 672
Living cost
218
218
218
218
Free-cash
165
-20
1 136
1 454

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€1104
€1137
€1094
€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

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

-
-
-
2 450
municipal
-
-
-
435
health
-
-
-
34
national
-
-
-
498
total
-
-
-
967
Employee
533
-
2 061
-
health
4
-
28
-
municipal
87
-
335
-
pensions
36
-
139
-
unemployment
8
-
31
-
national
9
-
325
-
total
144
-
858
-
Employer
533
-
2 061
-
accident
1
-
2
-
unemployment
3
-
13
-
pensions
92
-
358
-
health
4
-
16
-
total
100
-
389
-
Corporate
1 816
2 450
-
-
income
363
490
-
-
total
363
490
-
-
Dividends

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

1 090
1 470
-
-
national
121
202
-
-
municipal
196
265
-
-
total
317
467
-
-
Income
2 450
2 450
2 450
2 450
Total tax
924
957
1 247
967
After tax
1 526
1 493
1 203
1 483
Living cost
389
389
389
389
Free-cash
1 137
1 104
814
1 094

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
€1550
€1496
€1407
€1387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
582
health
-
-
-
62
social contributions
-
-
-
164
total
-
-
-
808
Employee
779
779
2 320
-
social contributions
29
65
87
-
health
6
13
39
-
income
85
72
572
-
total
120
150
698
-
Employer
779
779
2 320
-
social contributions
29
65
87
-
health
7
14
43
-
total
36
79
130
-
Corporate
2 059
1 592
-
-
income
257
199
-
-
total
257
199
-
-
Dividends
1 802
1 393
-
-
withholding
306
237
-
-
total
306
237
-
-
Income
2 450
2 450
2 450
2 450
Total tax
719
665
828
808
After tax
1 731
1 785
1 622
1 642
Living cost
235
235
235
235
Free-cash
1 496
1 550
1 387
1 407

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
€1868
€1816
€1933
€1729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 450
income
-
-
-
255
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
356
Employee

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

233
-
2 351
-
health
20
-
82
-
income
16
-
230
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
461
-
Employer

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

233
-
2 351
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
2 193
2 450
-
-
income
197
220
-
-
total
197
220
-
-
Dividends
1 996
2 230
-
-
withholding
180
201
-
-
total
180
201
-
-
Income
2 450
2 450
2 450
2 450
Total tax
473
421
560
356
After tax
1 977
2 029
1 890
2 094
Living cost
161
161
161
161
Free-cash
1 816
1 868
1 729
1 933

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
€1346
€1302
€1088
€1044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
8
income
-
-
-
801
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 083
Employee
375
-
2 151
-
other
-
-
1
-
income
72
-
766
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
826
-
Employer
375
-
2 151
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
1 956
2 450
-
-
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.

293
368
-
-
total
293
368
-
-
Dividends
1 662
2 082
-
-
withholding
361
457
-
-
total
361
457
-
-
Income
2 450
2 450
2 450
2 450
Total tax
869
825
1 127
1 083
After tax
1 581
1 625
1 323
1 367
Living cost
279
279
279
279
Free-cash
1 302
1 346
1 044
1 088

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
€1501
€1496
€1548
€1546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
839
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
874
Employee
42
-
2 427
-
health
2
-
5
-
income
8
-
838
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
853
-
Employer
42
-
2 427
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
2 398
2 450
-
-
income
528
539
-
-
total
528
539
-
-
Dividends
1 871
1 911
-
-
withholding
374
382
-
-
total
374
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
926
921
876
874
After tax
1 524
1 529
1 574
1 576
Living cost
28
28
28
28
Free-cash
1 496
1 501
1 546
1 548

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1595
€1544
€1422
€1420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
income
-
-
-
570
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
853
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
-
2 316
-
health
14
-
39
-
income
36
-
570
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
720
-
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
-
2 316
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
2 138
2 450
-
-
income
321
368
-
-
total
321
368
-
-
Dividends
1 818
2 082
-
-
withholding
273
312
-
-
total
273
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
731
680
855
853
After tax
1 719
1 770
1 595
1 597
Living cost
175
175
175
175
Free-cash
1 544
1 595
1 420
1 422

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
€1121
€1118
€997
€798
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
income
-
-
-
329
surtax
-
-
-
-
social contributions

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

-
-
-
851
total
-
-
-
1 180
Employee
393
-
1 980
-
social contributions
43
-
218
-
surtax
-
-
6
-
income
77
-
685
-
total
120
-
909
-
Employer
393
-
1 980
-
social contributions
93
-
470
-
total
93
-
470
-
Corporate
1 963
2 450
-
-
surtax
-
-
-
-
income
412
514
-
-
total
412
514
-
-
Dividends
1 551
1 936
-
-
withholding
434
542
-
-
total
434
542
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 059
1 056
1 379
1 180
After tax
1 391
1 394
1 071
1 270
Living cost
273
273
273
273
Free-cash
1 118
1 121
798
997

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
€1269
€1202
€1011
€967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
8
income
-
-
-
801
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 083
Employee
489
-
2 151
-
other
-
-
1
-
income
102
-
766
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
826
-
Employer
489
-
2 151
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 805
2 450
-
-
income

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

271
368
-
-
total
271
368
-
-
Dividends
1 534
2 082
-
-
withholding
331
457
-
-
total
331
457
-
-
Income
2 450
2 450
2 450
2 450
Total tax
892
825
1 127
1 083
After tax
1 558
1 625
1 323
1 367
Living cost
356
356
356
356
Free-cash
1 202
1 269
967
1 011

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
€1921
€1859
€1814
€1918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
368
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
462
Employee
231
-
2 381
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
238
-
pensions

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

20
-
31
-
total
57
-
289
-
Employer
231
-
2 381
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
2 174
2 450
-
-
income
217
245
-
-
total
217
245
-
-
Dividends
1 956
2 205
-
-
withholding
98
110
-
-
total
98
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
417
355
358
462
After tax
2 033
2 095
2 092
1 988
Living cost
174
174
174
174
Free-cash
1 859
1 921
1 918
1 814

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
€868
€1003
€829
€1113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
trade
-
-
-
284
income

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

-
-
-
831
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.

-
-
-
46
total
-
-
-
1 230
Employee

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

504
-
2 450
-
health

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

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

69
-
69
-
surtax

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

2
-
46
-
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
-
831
-
total
112
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 946
2 450
-
-
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
-
-
income
292
368
-
-
trade
279
352
-
-
chamber of commerce
4
5
-
-
total
591
745
-
-
Dividends
1 354
1 706
-
-
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
-
-
withholding
335
423
-
-
total
353
446
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 056
1 191
946
1 230
After tax
1 394
1 259
1 504
1 220
Living cost
391
391
391
391
Free-cash
1 003
868
1 113
829

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
€1138
€1160
€637
€637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
812
social contributions
-
-
-
424
total
-
-
-
1 236
Employee
793
-
2 450
-
income
150
-
812
-
social contributions
66
-
424
-
total
216
-
1 236
-
Employer
793
-
2 450
-
total
-
-
-
-
Corporate
1 657
2 450
-
-
income
207
306
-
-
total
207
306
-
-
Dividends
1 450
2 144
-
-
withholding
290
429
-
-
total
290
429
-
-
Income
2 450
2 450
2 450
2 450
Total tax
713
735
1 236
1 236
After tax
1 737
1 715
1 214
1 214
Living cost
577
577
577
577
Free-cash
1 160
1 138
637
637

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
€1170
€1206
€1646
€1333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
income
-
-
-
368
health

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

-
-
-
68
total
-
-
-
436
Employee
465
-
2 403
-
income
50
-
655
-
social contributions
47
-
47
-
total
97
-
702
-
Employer
465
-
2 403
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 939
2 450
-
-
income
678
858
-
-
total
678
858
-
-
Dividends
1 260
1 592
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 450
2 450
2 450
2 450
Total tax
876
912
749
436
After tax
1 574
1 538
1 701
2 014
Living cost
368
368
368
368
Free-cash
1 206
1 170
1 333
1 646

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
€1154
€1215
€1197
€979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
770
pensions
-
-
-
105
total
-
-
-
875
Employee
518
-
2 134
-
health
7
-
28
-
income
94
-
625
-
pensions
40
-
124
-
total
141
-
777
-
Employer
518
-
2 134
-
pensions
52
-
275
-
health
10
-
41
-
total
62
-
316
-
Corporate
1 869
2 450
-
-
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.

355
466
-
-
total
355
466
-
-
Dividends
1 514
1 984
-
-
withholding
299
452
-
-
total
299
452
-
-
Income
2 450
2 450
2 450
2 450
Total tax
857
918
1 093
875
After tax
1 593
1 532
1 357
1 575
Living cost
378
378
378
378
Free-cash
1 215
1 154
979
1 197

Estimated living cost  is €378 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€42
€162
€1432
€1114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
accident
-
-
-
3
income
-
-
-
707
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
778
Employee
377
-
2 246
-
health
43
-
257
-
income
52
-
558
-
pensions
43
-
77
-
total
138
-
892
-
Employer
377
-
2 246
-
accident
6
-
38
-
unemployment
9
-
55
-
pensions
61
-
111
-
total
76
-
204
-
Corporate
1 996
2 450
-
-
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.

1 796
2 205
-
-
total
1 796
2 205
-
-
Dividends
200
245
-
-
withholding
38
47
-
-
total
38
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 048
2 252
1 096
778
After tax
402
198
1 354
1 672
Living cost
240
240
240
240
Free-cash
162
-42
1 114
1 432

Estimated living cost  is €240 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1737
€1707
€1454
€1676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 450
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
414
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
859
Employee

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

219
-
2 450
-
work injury
1
-
4
-
income
22
-
414
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
637
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 231
2 450
-
-
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%.

223
245
-
-
total
223
245
-
-
Dividends
2 008
2 205
-
-
withholding
301
331
-
-
total
301
331
-
-
Income
2 450
2 450
2 450
2 450
Total tax
606
576
637
859
After tax
1 844
1 874
1 813
1 591
Living cost
137
137
137
137
Free-cash
1 707
1 737
1 676
1 454

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
€887
€841
€757
€673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
municipal
-
-
-
17
regional
-
-
-
61
national
-
-
-
704
social contributions
-
-
-
507
total
-
-
-
1 289
Employee
854
-
2 450
-
social contributions
288
-
665
-
regional
13
-
56
-
municipal
5
-
16
-
national
144
-
636
-
total
450
-
1 373
-
Employer
854
-
2 450
-
total
-
-
-
-
Corporate
1 596
2 450
-
-
nationa
383
588
-
-
municipal
77
118
-
-
total
460
706
-
-
Dividends
1 136
1 744
-
-
withholding
295
453
-
-
total
295
453
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 205
1 159
1 373
1 289
After tax
1 245
1 291
1 077
1 161
Living cost
404
404
404
404
Free-cash
841
887
673
757

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
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close