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

Valencia , Spain
€1302
€1044
€1088
€1346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
7
income
-
-
-
801
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
1 083
Employee
375
-
2 151
-
unemployment
6
-
15
-
pensions
18
-
44
-
income
72
-
766
-
other
-
-
1
-
total
96
-
826
-
Employer
375
-
2 151
-
pensions
88
-
222
-
accident
7
-
19
-
unemployment
21
-
52
-
other
3
-
8
-
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
Bratislava , Slovakia
€1461
€1208
€1227
€1531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
442
other
-
-
-
73
health
-
-
-
68
total
-
-
-
953
Employee
368
-
2 058
-
health
5
-
22
-
unemployment
4
-
15
-
pensions

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

26
-
108
-
income
63
-
435
-
total
98
-
580
-
Employer
368
-
2 058
-
health
5
-
22
-
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
-
accident
3
-
16
-
unemployment
4
-
15
-
other
18
-
77
-
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
Varna , Bulgaria
€1915
€1959
€1856
€1962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
367
health
-
-
-
41
total
-
-
-
461
Employee
176
-
2 381
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
238
-
total
43
-
289
-
Employer
176
-
2 381
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
2 240
2 450
-
-
income
224
245
-
-
total
224
245
-
-
Dividends
2 016
2 205
-
-
withholding
101
110
-
-
total
101
110
-
-
Income
2 450
2 450
2 450
2 450
Total tax
402
355
358
461
After tax
2 048
2 095
2 092
1 989
Living cost
133
133
133
133
Free-cash
1 915
1 962
1 959
1 856

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
Nice , France
€948
€896
€980
€888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
76
health
-
-
-
124
social contributions
-
-
-
70
pensions
-
-
-
373
surtax
-
-
-
-
total
-
-
-
1 123
Employee
434
-
1 861
-
pensions
49
-
144
-
income
26
-
421
-
social contributions
12
-
53
-
surtax
-
-
-
-
total
87
-
618
-
Employer
434
-
1 861
-
health
30
-
189
-
social contributions
1
-
6
-
pensions
71
-
240
-
unemployment
18
-
75
-
other
15
-
79
-
total
135
-
589
-
Corporate
1 881
2 450
-
-
income
527
686
-
-
surtax
-
-
-
-
total
527
686
-
-
Dividends
1 354
1 764
-
-
social contributions
233
303
-
-
surtax
-
-
-
-
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
Rotterdam , Netherlands
€736
€1141
€881
€797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
119
income
-
-
-
900
health
-
-
-
125
total
-
-
-
1 144
Employee
865
865
2 262
-
health
133
113
125
-
pensions
156
119
119
-
income

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

142
142
451
-
total
431
374
695
-
Employer
865
865
2 262
-
health
60
60
75
-
pensions
60
60
75
-
unemployment
31
31
39
-
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
Dresden , Germany
€1040
€1197
€885
€927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
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
-
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
-
total
81
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 062
2 450
-
-
income
309
368
-
-
trade
325
386
-
-
surtax

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

17
20
-
-
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.

Larnaca , Cyprus
€1496
€1387
€1407
€1550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
health
6
13
39
-
income
85
72
572
-
social contributions
29
65
87
-
total
120
150
698
-
Employer
779
779
2 320
-
health
7
14
43
-
social contributions
29
65
87
-
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
Lisbon , Portugal
€1066
€753
€952
€1076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
851
surtax
-
-
-
-
total
-
-
-
1 180
Employee
466
-
1 980
-
income
97
-
685
-
social contributions
51
-
218
-
surtax
-
-
6
-
total
148
-
909
-
Employer
466
-
1 980
-
social contributions
111
-
470
-
total
111
-
470
-
Corporate
1 873
2 450
-
-
income
393
514
-
-
surtax
-
-
-
-
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
Batumi , Georgia
€2237
€1884
€2349
€2251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25
total
-
-
-
25
Employee
94
-
2 450
-
income
19
-
490
-
total
19
-
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%.

2 356
2 450
-
-
total
-
-
-
-
Dividends
2 356
2 450
-
-
withholding
118
123
-
-
total
118
123
-
-
Income
2 450
2 450
2 450
2 450
Total tax
137
123
490
25
After tax
2 313
2 327
1 960
2 425
Living cost
76
76
76
76
Free-cash
2 237
2 251
1 884
2 349

Estimated living cost  is €76 per week

€47
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.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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.

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
447
unemployment
-
-
-
4
income
-
-
-
638
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
-
unemployment
1
-
3
-
pensions
69
-
329
-
income
77
-
585
-
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
-
health
30
-
141
-
pensions
40
-
188
-
unemployment
-
-
1
-
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
Sliema , Malta
€1206
€1333
€1650
€1170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 450
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.

-
-
-
64
total
-
-
-
432
Employee
465
-
2 403
-
social contributions
47
-
47
-
income
50
-
655
-
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
432
After tax
1 574
1 538
1 701
2 018
Living cost
368
368
368
368
Free-cash
1 206
1 170
1 333
1 650

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
Vilnius , Lithuania
€1286
€1288
€1358
€1281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
health
24
-
171
-
income
57
-
438
-
social contributions
47
-
338
-
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
-
-
social contributions
276
321
-
-
withholding
300
349
-
-
health
140
162
-
-
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
Prague , Czech Republic
€1304
€1083
€1193
€1404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
268
health
-
-
-
331
social contributions
-
-
-
330
solidarity contribution
-
-
-
46
total
-
-
-
975
Employee
415
-
1 989
-
health
56
-
268
-
solidarity contribution
-
-
36
-
income
50
-
247
-
social contributions
27
-
73
-
total
133
-
624
-
Employer
415
-
1 989
-
health
37
-
179
-
social contributions
104
-
282
-
total
141
-
461
-
Corporate
1 893
2 450
-
-
income
360
466
-
-
total
360
466
-
-
Dividends
1 534
1 984
-
-
withholding
230
298
-
-
total
230
298
-
-
Income
2 450
2 450
2 450
2 450
Total tax
864
764
1 085
975
After tax
1 586
1 686
1 365
1 475
Living cost
282
282
282
282
Free-cash
1 304
1 404
1 083
1 193

Estimated living cost  is €282 per week

€210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
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
Tbilisi , Georgia
€2188
€1842
€2307
€2209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
25
total
-
-
-
25
Employee
147
-
2 450
-
income
29
-
490
-
total
29
-
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%.

2 303
2 450
-
-
total
-
-
-
-
Dividends
2 303
2 450
-
-
withholding
115
123
-
-
total
115
123
-
-
Income
2 450
2 450
2 450
2 450
Total tax
144
123
490
25
After tax
2 306
2 327
1 960
2 425
Living cost
118
118
118
118
Free-cash
2 188
2 209
1 842
2 307

Estimated living cost  is €118 per week

€80
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
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.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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.

Paris , France
€816
€754
€838
€746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
income
-
-
-
480
other
-
-
-
76
health
-
-
-
124
social contributions
-
-
-
70
pensions
-
-
-
373
surtax
-
-
-
-
total
-
-
-
1 123
Employee
635
-
1 861
-
pensions
72
-
144
-
income
55
-
421
-
social contributions
18
-
53
-
surtax
-
-
-
-
total
145
-
618
-
Employer
635
-
1 861
-
health
44
-
189
-
social contributions
2
-
6
-
pensions
104
-
240
-
unemployment
26
-
75
-
other
22
-
79
-
total
198
-
589
-
Corporate
1 617
2 450
-
-
income
453
686
-
-
surtax
-
-
-
-
total
453
686
-
-
Dividends
1 164
1 764
-
-
social contributions
200
303
-
-
surtax
-
-
-
-
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
Belgrade , Serbia
€1544
€1423
€1423
€1595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
570
health
-
-
-
77
total
-
-
-
852
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.

263
-
2 316
-
health
14
-
38
-
unemployment
2
-
6
-
pensions
37
-
104
-
income
36
-
570
-
total
89
-
718
-
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.

263
-
2 316
-
health
14
-
38
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
134
-
Corporate
2 140
2 450
-
-
income
321
368
-
-
total
321
368
-
-
Dividends
1 819
2 082
-
-
withholding
273
312
-
-
total
273
312
-
-
Income
2 450
2 450
2 450
2 450
Total tax
731
680
852
852
After tax
1 719
1 770
1 598
1 598
Living cost
175
175
175
175
Free-cash
1 544
1 595
1 423
1 423

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.
€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
Zurich , Switzerland
€719
€1141
€1209
€417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
225
city
-
-
-
26
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
health
-
-
-
6
regional
-
-
-
149
national
-
-
-
82
total
-
-
-
537
Employee
824
-
2 214
-
health
2
-
5
-
unemployment
-
-
-
-
city
9
-
24
-
pensions
69
-
162
-
regional
27
-
134
-
national
4
-
69
-
total
111
-
394
-
Employer
824
-
2 214
-
health
2
-
5
-
pensions
69
-
162
-
unemployment
-
-
-
-
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.

16
-
44
-
total
87
-
211
-
Corporate
1 529
2 450
-
-
regional
323
518
-
-
national
130
208
-
-
total
453
726
-
-
Dividends
1 076
1 724
-
-
withholding
376
603
-
-
total
376
603
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 027
1 329
605
537
After tax
1 423
1 121
1 845
1 913
Living cost
704
704
704
704
Free-cash
719
417
1 141
1 209

Estimated living cost  is €704 per week

€458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
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.
€174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
€1137
€814
€1094
€1104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
unemployment
8
-
31
-
pensions
36
-
139
-
national
9
-
325
-
municipal
87
-
335
-
total
144
-
858
-
Employer
533
-
2 061
-
health
4
-
16
-
pensions
92
-
358
-
accident
1
-
2
-
unemployment
3
-
13
-
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
-
-
municipal
196
265
-
-
national
121
202
-
-
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.

Brussels , Belgium
€848
€456
€696
€966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
communal

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

-
-
-
132
social contributions
-
-
-
253
national
-
-
-
999
total
-
-
-
1 384
Employee

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

725
-
1 898
-
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
-
communal

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

38
-
99
-
unemployment

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

6
-
16
-
pensions

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

54
-
142
-
national
223
-
725
-
total
355
-
1 071
-
Employer

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

725
-
1 898
-
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
-
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
-
surtax
82
-
215
-
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
-
total
211
-
553
-
Corporate
1 514
2 450
-
-
income
303
537
-
-
surtax
6
11
-
-
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
Stockholm , Sweden
€892
€778
€788
€901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
unemployment
-
-
-
1
municipal
-
-
-
648
other
-
-
-
111
health
-
-
-
60
national
-
-
-
299
accident
-
-
-
2
pensions
-
-
-
104
total
-
-
-
1 225
Employee
623
-
2 149
-
national
-
-
293
-
municipal
186
-
641
-
total
186
-
934
-
Employer
623
-
2 149
-
health
38
-
59
-
pensions
67
-
104
-
accident
1
-
2
-
unemployment
16
-
25
-
other
72
-
111
-
total
194
-
301
-
Corporate
1 631
2 450
-
-
income
359
539
-
-
total
359
539
-
-
Dividends
1 272
1 911
-
-
withholding
382
573
-
-
total
382
573
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 121
1 112
1 235
1 225
After tax
1 329
1 338
1 215
1 225
Living cost
437
437
437
437
Free-cash
892
901
778
788

Estimated living cost  is €437 per week

€290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Oslo , Norway
€477
€1821
€1211
€1009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
691
-
-
-
income
152
-
-
-
social contributions
57
-
8
-
total
209
-
8
-
Employer
691
-
-
-
social contributions
974
-
139
-
total
974
-
139
-
Corporate
786
2 450
-
-
income
173
539
-
-
total
173
539
-
-
Dividends
613
1 911
-
-
income
135
420
-
-
total
135
420
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 491
959
147
757
After tax
959
1 491
2 303
1 693
Living cost
482
482
482
482
Free-cash
477
1 009
1 821
1 211

Estimated living cost  is €482 per week

€312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
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.
€118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€1414
€1293
€1313
€1456
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
health
8
13
39
-
income
82
72
572
-
social contributions
38
65
87
-
total
128
150
698
-
Employer
779
779
2 320
-
health
8
14
43
-
social contributions
38
65
87
-
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
Edinburgh , United Kingdom
€1222
€991
€1209
€1163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
778
pensions
-
-
-
102
total
-
-
-
880
Employee
496
-
2 133
-
health
6
-
28
-
pensions
38
-
120
-
income
90
-
633
-
total
134
-
781
-
Employer
496
-
2 133
-
health
9
-
41
-
pensions
50
-
276
-
total
59
-
317
-
Corporate
1 895
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.

360
466
-
-
total
360
466
-
-
Dividends
1 535
1 984
-
-
withholding
314
460
-
-
total
314
460
-
-
Income
2 450
2 450
2 450
2 450
Total tax
867
926
1 098
880
After tax
1 583
1 524
1 352
1 570
Living cost
361
361
361
361
Free-cash
1 222
1 163
991
1 209

Estimated living cost  is €361 per week

€248
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.
€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.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Rome , Italy
€841
€673
€757
€887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
507
national
-
-
-
704
total
-
-
-
1 289
Employee
854
-
2 450
-
social contributions
288
-
665
-
regional
13
-
56
-
national
144
-
636
-
municipal
5
-
16
-
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
Gdansk , Poland
€165
€1142
€1457
-€17
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
41
income
-
-
-
710
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
778
Employee
338
-
2 250
-
health
39
-
258
-
pensions
38
-
74
-
income
46
-
561
-
total
123
-
893
-
Employer
338
-
2 250
-
pensions
55
-
107
-
accident
6
-
38
-
unemployment
8
-
55
-
total
69
-
200
-
Corporate
2 044
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.

1 839
2 205
-
-
total
1 839
2 205
-
-
Dividends
204
245
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
2 450
2 450
2 450
2 450
Total tax
2 070
2 252
1 093
778
After tax
380
198
1 357
1 672
Living cost
215
215
215
215
Free-cash
165
-17
1 142
1 457

Estimated living cost  is €215 per week

€157
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.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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.

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
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
-
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
-
total
112
-
946
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 946
2 450
-
-
income
292
368
-
-
trade
279
352
-
-
surtax

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

16
20
-
-
chamber of commerce
4
5
-
-
total
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.

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

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
534
microenterprise
-
-
-
-
social contributions

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

-
-
-
388
surtax
-
-
-
625
total
-
-
-
1 547
Employee
296
-
1 945
-
income
53
-
456
-
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
-
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
Istanbul , Turkey
€1383
€1385
€1394
€1404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
774
health
-
-
-
66
pensions
-
-
-
91
total
-
-
-
931
Employee
190
-
2 348
-
health
9
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
769
-
total
65
-
838
-
Employer
190
-
2 348
-
health
18
-
43
-
pensions
21
-
50
-
unemployment
4
-
9
-
total
43
-
102
-
Corporate
2 218
2 450
-
-
income
488
539
-
-
total
488
539
-
-
Dividends
1 730
1 911
-
-
withholding
346
382
-
-
total
346
382
-
-
Income
2 450
2 450
2 450
2 450
Total tax
942
921
940
931
After tax
1 508
1 529
1 510
1 519
Living cost
125
125
125
125
Free-cash
1 383
1 404
1 385
1 394

Estimated living cost  is €125 per week

€74
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.
€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.
€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
Athens , Greece
€1279
€861
€924
€1313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
270
unemployment
-
-
-
2
income
-
-
-
794
other
-
-
-
-
health
-
-
-
96
surtax
-
-
-
136
total
-
-
-
1 298
Employee
341
-
2 165
-
health
9
-
34
-
unemployment
24
-
94
-
pensions
23
-
90
-
income
57
-
734
-
other
-
-
-
-
surtax
1
-
124
-
total
114
-
1 076
-
Employer
341
-
2 165
-
health
16
-
62
-
pensions
46
-
180
-
unemployment
11
-
43
-
other
-
-
-
-
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
Graz , Austria
€1023
€315
€931
€1028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 450
pensions
-
-
-
219
chamber of commerce
-
-
-
10
unemployment
-
-
-
62
income
-
-
-
814
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 196
Employee
443
404
2 046
-
health
17
16
46
-
unemployment
13
12
36
-
pensions
45
41
121
-
income
39
30
691
-
other
4
4
12
-
total
118
103
906
-
Employer
443
404
2 046
-
health