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
€ 250
per

Your estimated
City
free-cash

Dresden , Germany
-€178
-€138
-€127
-€127
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.

-
-
-
250
trade
-
-
-
-
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.

-
-
-
1
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.

-
-
-
-
total
-
-
-
70
Employee

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

388
-
250
-
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
-
-
-
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
-
1
-
total
81
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
surtax

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

-
2
-
-
income
-
38
-
-
trade
-
39
-
-
chamber of commerce
-
2
-
-
total
-
81
-
-
Dividends
-
169
-
-
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
-
-
withholding
-
38
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
81
121
70
70
After tax
169
129
180
180
Living cost
307
307
307
307
Free-cash
-138
-178
-127
-127

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
-€355
-€615
-€337
-€334
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
-
-
-
250
municipal
-
-
-
17
pensions
-
-
-
30
national
-
-
-
26
social contributions
-
-
-
3
total
-
-
-
76
Employee
793
-
216
-
municipal
98
-
18
-
pensions
32
-
9
-
national
152
-
27
-
total
282
-
54
-
Employer
793
-
216
-
social contributions
9
-
2
-
pensions
63
-
17
-
total
72
-
19
-
Corporate
-
250
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
354
94
73
76
After tax
-104
156
177
174
Living cost
511
511
511
511
Free-cash
-615
-355
-334
-337

Estimated living cost  is €511 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
-€11
-€118
-€31
-€68
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.

-
-
-
250
microenterprise
-
-
-
38
income
-
-
-
-
surtax
-
-
-
-
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.

-
-
-
32
total
-
-
-
70
Employee
296
-
201
-
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
-
22
-
surtax
-
-
-
-
income
53
-
36
-
total
86
-
58
-
Employer
296
-
201
-
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
-
49
-
surtax
-
-
-
-
total
71
-
49
-
Corporate
-
250
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

-
50
-
-
total
-
50
-
-
Dividends

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

-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
157
50
107
70
After tax
93
200
143
180
Living cost
211
211
211
211
Free-cash
-118
-11
-68
-31

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
-€700
-€757
-€280
-€757
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
-
-
-
250
income
-
-
-
22
pensions
-
-
-
45
health
-
-
-
38
total
-
-
-
105
Employee
865
865
865
-
health
133
113
133
-
income

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

142
142
142
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
582
525
582
105
After tax
-332
-275
-332
145
Living cost
425
425
425
425
Free-cash
-757
-700
-757
-280

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
-€255
-€482
-€267
-€258
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
-
-
-
250
municipal
-
-
-
53
accident
-
-
-
1
pensions
-
-
-
27
other
-
-
-
29
unemployment
-
-
-
-
health
-
-
-
16
national
-
-
-
-
total
-
-
-
126
Employee
556
-
190
-
municipal
166
-
57
-
national
-
-
-
-
total
166
-
57
-
Employer
556
-
190
-
accident
1
-
-
-
other
65
-
22
-
unemployment
15
-
5
-
pensions
60
-
21
-
health
34
-
12
-
total
175
-
60
-
Corporate
-
250
-
-
income
-
55
-
-
total
-
55
-
-
Dividends
-
195
-
-
withholding
-
59
-
-
total
-
59
-
-
Income
250
250
250
250
Total tax
341
114
117
126
After tax
-91
136
133
124
Living cost
390
390
390
390
Free-cash
-482
-255
-258
-267

Estimated living cost  is €390 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€87
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-€271
-€263
-€218
-€218
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.

-
-
-
250
trade
-
-
-
-
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.

-
-
-
1
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.

-
-
-
-
total
-
-
-
70
Employee

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

514
-
250
-
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
-
-
-
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
-
1
-
total
115
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
surtax

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

-
2
-
-
income
-
38
-
-
trade
-
41
-
-
chamber of commerce
-
2
-
-
total
-
83
-
-
Dividends
-
167
-
-
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
-
-
withholding
-
38
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
115
123
70
70
After tax
135
127
180
180
Living cost
398
398
398
398
Free-cash
-263
-271
-218
-218

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
-€308
-€253
-€149
-€220
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
-
-
-
385
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
60
total
-
-
-
70
Employee
779
779
779
-
social contributions
38
65
22
-
health
8
13
4
-
income
82
72
88
-
total
128
150
114
-
Employer
779
779
779
-
social contributions
38
65
22
-
health
8
14
5
-
total
46
79
27
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
174
229
141
70
After tax
76
21
109
180
Living cost
329
329
329
329
Free-cash
-253
-308
-220
-149

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
-€41
-€67
-€12
-€40
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
250
income
-
-
-
31
pensions
-
-
-
25
unemployment
-
-
-
4
health
-
-
-
18
total
-
-
-
78
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.

265
105
209
-
health
19
7
15
-
income
32
13
26
-
pensions
26
11
21
-
unemployment
4
2
3
-
total
81
33
65
-
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.

265
105
209
-
pensions
52
21
41
-
total
52
21
41
-
Corporate
-
124
-
-
income
-
11
-
-
total
-
11
-
-
Dividends
-
113
-
-
social contributions
-
21
-
-
withholding
-
21
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
133
107
106
78
After tax
117
143
144
172
Living cost
184
184
184
184
Free-cash
-67
-41
-40
-12

Estimated living cost  is €184 per week

€125
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
-€45
-€135
-€87
-€78
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
-
-
-
250
income
-
-
-
10
pensions
-
-
-
50
health
-
-
-
32
total
-
-
-
92
Employee
287
-
187
-
income
32
-
13
-
pensions
6
-
4
-
unemployment
5
-
3
-
total
43
-
20
-
Employer
287
-
187
-
unemployment
2
-
2
-
pensions
58
-
37
-
health
37
-
24
-
total
97
-
63
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
200
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
140
50
83
92
After tax
110
200
167
158
Living cost
245
245
245
245
Free-cash
-135
-45
-78
-87

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
-€201
-€170
-€74
-€88
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
-
-
-
250
accident
-
-
-
3
income
-
-
-
32
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
103
Employee
348
-
208
-
health
40
-
24
-
income
48
-
28
-
pensions
39
-
23
-
total
127
-
75
-
Employer
348
-
208
-
accident
6
-
3
-
unemployment
9
-
5
-
pensions
57
-
34
-
total
72
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
199
230
117
103
After tax
51
20
133
147
Living cost
221
221
221
221
Free-cash
-170
-201
-88
-74

Estimated living cost  is €221 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€146
€128
€156
€108
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%.

-
-
-
250
microenterprise

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

-
-
-
2
total
-
-
-
2
Employee
115
-
250
-
income
23
-
50
-
total
23
-
50
-
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%.

135
250
-
-
total
-
-
-
-
Dividends
135
250
-
-
withholding
7
12
-
-
total
7
12
-
-
Income
250
250
250
250
Total tax
30
12
50
2
After tax
220
238
200
248
Living cost
92
92
92
92
Free-cash
128
146
108
156

Estimated living cost  is €92 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
-€86
-€211
-€135
-€124
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
-
-
-
250
income
-
-
-
32
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.

-
-
-
60
other
-
-
-
12
health
-
-
-
11
total
-
-
-
115
Employee
368
-
200
-
health
5
-
3
-
income
63
-
34
-
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
-
14
-
unemployment
4
-
2
-
total
98
-
53
-
Employer
368
-
200
-
accident
3
-
2
-
other
18
-
10
-
unemployment
4
-
2
-
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
-
34
-
health
5
-
3
-
total
93
-
51
-
Corporate
-
250
-
-
income
-
52
-
-
total
-
52
-
-
Dividends
-
198
-
-
withholding
-
14
-
-
total
-
14
-
-
Income
250
250
250
250
Total tax
191
66
104
115
After tax
59
184
146
135
Living cost
270
270
270
270
Free-cash
-211
-86
-124
-135

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
-€494
-€847
-€486
-€500
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
5
total
-
-
-
54
Employee
965
-
233
-
health
16
-
1
-
income
174
-
45
-
pensions
93
-
5
-
total
283
-
51
-
Employer
965
-
233
-
pensions
114
-
13
-
health
18
-
4
-
total
132
-
17
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
415
62
68
54
After tax
-165
188
182
196
Living cost
682
682
682
682
Free-cash
-847
-494
-500
-486

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€81
€34
€12
€26
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
-
-
-
250
income
-
-
-
38
pensions

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

-
-
-
37
unemployment
-
-
-
1
health
-
-
-
29
total
-
-
-
105
Employee
176
-
209
-
health
8
-
10
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
income
18
-
21
-
pensions

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

15
-
18
-
total
43
-
51
-
Employer
176
-
209
-
accident

We are using the highest rate at 1.1%.

2
-
2
-
unemployment
1
-
1
-
pensions

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

19
-
23
-
health
12
-
14
-
total
34
-
40
-
Corporate
40
250
-
-
income
4
25
-
-
total
4
25
-
-
Dividends
36
225
-
-
withholding
2
11
-
-
total
2
11
-
-
Income
250
250
250
250
Total tax
83
36
91
105
After tax
167
214
159
145
Living cost
133
133
133
133
Free-cash
34
81
26
12

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
-€837
-€854
-€417
-€894
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
-
-
-
250
income
-
-
-
22
pensions
-
-
-
45
health
-
-
-
38
total
-
-
-
105
Employee
940
865
865
-
health
117
113
133
-
income

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

142
142
142
-
pensions
119
119
156
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
pensions
65
60
60
-
health
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
542
525
582
105
After tax
-292
-275
-332
145
Living cost
562
562
562
562
Free-cash
-854
-837
-894
-417

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
-€69
-€227
-€120
-€115
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
-
-
-
250
income
-
-
-
21
health
-
-
-
34
solidarity contribution
-
-
-
-
social contributions
-
-
-
73
total
-
-
-
128
Employee
356
-
187
-
social contributions
23
-
12
-
health
48
-
25
-
solidarity contribution
-
-
-
-
income
43
-
22
-
total
114
-
59
-
Employer
356
-
187
-
social contributions
89
-
47
-
health
32
-
17
-
total
121
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
235
77
123
128
After tax
15
173
127
122
Living cost
242
242
242
242
Free-cash
-227
-69
-115
-120

Estimated living cost  is €242 per week

€168
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
-€295
-€651
-€299
-€318
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
-
-
-
250
municipal
-
-
-
1
regional
-
-
-
2
national
-
-
-
39
social contributions
-
-
-
79
total
-
-
-
121
Employee
901
-
250
-
social contributions
304
-
103
-
regional
8
-
2
-
municipal
5
-
1
-
national
156
-
34
-
total
473
-
140
-
Employer
901
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
10
-
-
total
-
70
-
-
Dividends
-
180
-
-
withholding
-
47
-
-
total
-
47
-
-
Income
250
250
250
250
Total tax
473
117
140
121
After tax
-223
133
110
129
Living cost
428
428
428
428
Free-cash
-651
-295
-318
-299

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
-€67
-€156
-€80
-€86
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
-
-
-
250
income
-
-
-
36
pensions
-
-
-
50
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
surtax
-
-
-
-
total
-
-
-
106
Employee
335
-
207
-
other
-
-
-
-
health
9
-
5
-
surtax
1
-
-
-
income
56
-
35
-
pensions
22
-
14
-
unemployment
23
-
14
-
total
111
-
68
-
Employer
335
-
207
-
other
-
-
-
-
unemployment
11
-
7
-
pensions
45
-
28
-
health
15
-
9
-
total
71
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
182
93
112
106
After tax
68
157
138
144
Living cost
224
224
224
224
Free-cash
-156
-67
-86
-80

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
-€278
-€479
-€270
-€284
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
5
total
-
-
-
54
Employee
647
-
233
-
health
9
-
1
-
income
117
-
45
-
pensions
55
-
5
-
total
181
-
51
-
Employer
647
-
233
-
pensions
70
-
13
-
health
12
-
4
-
total
82
-
17
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
263
62
68
54
After tax
-13
188
182
196
Living cost
466
466
466
466
Free-cash
-479
-278
-284
-270

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€660
-€742
-€560
-€587
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
-
-
-
250
city
-
-
-
3
pensions
-
-
-
23
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.

-
-
-
5
regional
-
-
-
2
health
-
-
-
3
national
-
-
-
-
total
-
-
-
36
Employee
906
-
215
-
city
10
-
2
-
regional
30
-
1
-
health
2
-
-
-
pensions
76
-
28
-
unemployment
-
-
-
-
national
4
-
-
-
total
122
-
31
-
Employer
906
-
215
-
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
-
4
-
unemployment
-
-
-
-
pensions
76
-
28
-
health
2
-
-
-
total
96
-
32
-
Corporate
-
250
-
-
regional
-
53
-
-
national
-
21
-
-
total
-
74
-
-
Dividends
-
176
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
250
250
250
250
Total tax
218
136
63
36
After tax
32
114
187
214
Living cost
774
774
774
774
Free-cash
-742
-660
-587
-560

Estimated living cost  is €774 per week

€503
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.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€192
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
-€339
-€359
-€284
-€284
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.

-
-
-
250
trade
-
-
-
-
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.

-
-
-
1
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.

-
-
-
-
total
-
-
-
70
Employee

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

609
-
250
-
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
-
-
-
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
-
1
-
total
145
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
surtax

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

-
2
-
-
income
-
38
-
-
trade
-
43
-
-
chamber of commerce
-
2
-
-
total
-
85
-
-
Dividends
-
166
-
-
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
-
-
withholding
-
38
-
-
total
-
40
-
-
Income
250
250
250
250
Total tax
145
125
70
70
After tax
105
125
180
180
Living cost
464
464
464
464
Free-cash
-359
-339
-284
-284

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
-€221
-€319
-€196
-€184
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
-
-
-
250
income
-
-
-
-
pensions
-
-
-
81
other
-
-
-
8
health
-
-
-
3
surtax
-
-
-
-
social contributions
-
-
-
7
total
-
-
-
99
Employee
434
-
190
-
social contributions
12
-
5
-
surtax
-
-
-
-
income
26
-
-
-
pensions
49
-
22
-
total
87
-
27
-
Employer
434
-
190
-
other
15
-
7
-
social contributions
1
-
1
-
unemployment
18
-
8
-
pensions
71
-
31
-
health
30
-
13
-
total
135
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
222
124
87
99
After tax
28
126
163
151
Living cost
347
347
347
347
Free-cash
-319
-221
-184
-196

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
-€186
-€258
-€161
-€149
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
-
-
-
250
income
-
-
-
-
pensions
-
-
-
81
other
-
-
-
8
health
-
-
-
3
surtax
-
-
-
-
social contributions
-
-
-
7
total
-
-
-
99
Employee
387
-
190
-
social contributions
11
-
5
-
surtax
-
-
-
-
income
20
-
-
-
pensions
44
-
22
-
total
75
-
27
-
Employer
387
-
190
-
other
13
-
7
-
social contributions
1
-
1
-
unemployment
16
-
8
-
pensions
64
-
31
-
health
27
-
13
-
total
121
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
196
124
87
99
After tax
54
126
163
151
Living cost
312
312
312
312
Free-cash
-258
-186
-149
-161

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
-€63
-€120
-€54
-€88
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
-
-
-
250
income
-
-
-
38
health
-
-
-
17
social contributions
-
-
-
34
total
-
-
-
89
Employee
344
-
250
-
social contributions
47
-
34
-
health
24
-
17
-
income
57
-
72
-
total
128
-
123
-
Employer
344
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

-
12
-
-
total
-
12
-
-
Dividends
-
238
-
-
health
9
17
-
-
social contributions
18
33
-
-
withholding
-
36
-
-
total
27
86
-
-
Income
250
250
250
250
Total tax
155
98
123
89
After tax
95
152
127
161
Living cost
215
215
215
215
Free-cash
-120
-63
-88
-54

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
-€338
-€415
-€237
-€286
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
-
-
-
250
chamber of commerce
-
-
-
1
income
-
-
-
-
pensions
-
-
-
46
unemployment
-
-
-
62
health
-
-
-
19
surtax
-
-
-
2
total
-
-
-
130
Employee
506
404
404
-
other
5
4
2
-
health
20
16
7
-
income
58
30
42
-
pensions
52
41
18
-
unemployment
15
12
5
-
total
150
103
74
-
Employer
506
404
404
-
accident
7
5
2
-
other
24
19
17
-
chamber of commerce
2
2
2
-
unemployment
15
12
5
-
surtax
2
2
2
-
pensions
64
51
23
-
payroll
15
12
12
-
health
19
15
7
-
total
148
118
70
-
Corporate
38
38
141
-
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.

10
10
35
-
total
10
10
35
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
308
231
179
130
After tax
-58
19
71
120
Living cost
357
357
357
357
Free-cash
-415
-338
-286
-237

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
-€226
-€686
-€234
-€254
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
-
-
-
250
national
-
-
-
49
communal

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

-
-
-
12
social contributions
-
-
-
53
total
-
-
-
114
Employee

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

725
-
194
-
communal

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

38
-
10
-
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
-
9
-
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
-
15
-
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
-
2
-
national
223
-
42
-
total
355
-
78
-
Employer

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

725
-
194
-
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
-
3
-
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
-
3
-
surtax
82
-
22
-
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
-
17
-
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
-
12
-
total
211
-
57
-
Corporate
-
250
-
-
surtax
-
1
-
-
income
-
50
-
-
total
-
51
-
-
Dividends
-
199
-
-
withholding

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

-
56
-
-
total
-
56
-
-
Income
250
250
250
250
Total tax
566
107
135
114
After tax
-316
143
115
136
Living cost
370
370
370
370
Free-cash
-686
-226
-254
-234

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
-€196
-€415
-€224
-€269
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
-
-
-
250
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
108
Employee
504
-
142
-
other
-
-
-
-
income
106
-
23
-
pensions
24
-
16
-
unemployment
8
-
5
-
total
138
-
44
-
Employer
504
-
142
-
accident
10
-
7
-
other
4
-
3
-
unemployment
28
-
19
-
pensions
119
-
80
-
total
161
-
109
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
299
80
153
108
After tax
-49
170
97
142
Living cost
366
366
366
366
Free-cash
-415
-196
-269
-224

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
-€380
-€608
-€427
-€428
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
-
-
-
250
accident
-
-
-
4
income
-
-
-
-
pensions
-
-
-
77
health
-
-
-
36
surtax
-
-
-
9
communal
-
-
-
-
total
-
-
-
126
Employee
767
-
192
-
health
34
-
21
-
surtax
47
-
9
-
income
74
-
-
-
pensions
61
-
39
-
total
216
-
69
-
Employer
767
-
192
-
accident
7
-
4
-
pensions
61
-
39
-
health
23
-
15
-
total
91
-
58
-
Corporate
-
250
-
-
surtax
-
3
-
-
communal
-
-
-
-
income
-
38
-
-
total
-
41
-
-
Dividends
-
210
-
-
income
-
7
-
-
withholding
-
31
-
-
total
-
38
-
-
Income
250
250
250
250
Total tax
307
79
127
126
After tax
-57
171
123
124
Living cost
551
551
551
551
Free-cash
-608
-380
-428
-427

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
-€71
-€165
-€84
-€90
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
-
-
-
250
income
-
-
-
36
pensions
-
-
-
50
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
18
surtax
-
-
-
-
total
-
-
-
106
Employee
341
-
207
-
other
-
-
-
-
health
9
-
5
-
surtax
1
-
-
-
income
57
-
35
-
pensions
23
-
14
-
unemployment
24
-
14
-
total
114
-
68
-
Employer
341
-
207
-
other
-
-
-
-
unemployment
11
-
7
-
pensions
46
-
28
-
health
16
-
9
-
total
73
-
44
-
Corporate
-
250
-
-
income
-
65
-
-
total
-
65
-
-
Dividends
-
185
-
-
withholding
-
28
-
-
total
-
28
-
-
Income
250
250
250
250
Total tax
187
93
112
106
After tax
63
157
138
144
Living cost
228
228
228
228
Free-cash
-165
-71
-90
-84

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
-€141
-€313
-€145
-€164
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
-
-
-
250
municipal
-
-
-
1
regional
-
-
-
3
national
-
-
-
39
social contributions
-
-
-
79
total
-
-
-
122
Employee
562
-
250
-
social contributions
190
-
103
-
regional
8
-
3
-
municipal
3
-
1
-
national
89
-
34
-
total
290
-
141
-
Employer
562
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
290
118
141
122
After tax
-40
132
109
128
Living cost
273
273
273
273
Free-cash
-313
-141
-164
-145

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
-€125
-€338
-€176
-€171
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
-
-
-
250
income
-
-
-
21
health
-
-
-
34
solidarity contribution
-
-
-
-
social contributions
-
-
-
73
total
-
-
-
128
Employee
439
-
187
-
social contributions
29
-
12
-
health
59
-
25
-
solidarity contribution
-
-
-
-
income
53
-
22
-
total
141
-
59
-
Employer
439
-
187
-
social contributions
110
-
47
-
health
39
-
17
-
total
149
-
64
-
Corporate
-
250
-
-
income
-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
290
77
123
128
After tax
-40
173
127
122
Living cost
298
298
298
298
Free-cash
-338
-125
-171
-176

Estimated living cost  is €298 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
-€302
-€329
-€201
-€252
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
-
-
-
250
chamber of commerce
-
-
-
1
income
-
-
-
-
pensions
-
-
-
46
unemployment
-
-
-
62
health
-
-
-
19
surtax
-
-
-
-
total
-
-
-
128
Employee
443
404
404
-
other
4
4
2
-
health
17
16
7
-
income
39
30
42
-
pensions
45
41
19
-
unemployment
13
12
5
-
total
118
103
75
-
Employer
443
404
404
-
accident
6
5
2
-
other
21
19
17
-
chamber of commerce
2
2
2
-
unemployment
13
12
5
-
surtax
-
-
-
-
pensions
56
51
23
-
payroll
13
12
12
-
health
17
15
7
-
total
128
116
68
-
Corporate
38
38
143
-
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.

10
10
36
-
total
10
10
36
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
256
229
179
128
After tax
-6
21
71
122
Living cost
323
323
323
323
Free-cash
-329
-302
-252
-201

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
€94
€66
€104
€56
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%.

-
-
-
250
microenterprise

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

-
-
-
2
total
-
-
-
2
Employee
180
-
250
-
income
36
-
50
-
total
36
-
50
-
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%.

70
250
-
-
total
-
-
-
-
Dividends
70
250
-
-
withholding
4
12
-
-
total
4
12
-
-
Income
250
250
250
250
Total tax
40
12
50
2
After tax
210
238
200
248
Living cost
144
144
144
144
Free-cash
66
94
56
104

Estimated living cost  is €144 per week

€97
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-€100
-€268
-€124
-€132
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.

-
-
-
250
income
-
-
-
31
pensions
-
-
-
46
unemployment
-
-
-
-
health
-
-
-
25
total
-
-
-
102
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
-
216
-
health
29
-
14
-
income
77
-
29
-
pensions
69
-
34
-
unemployment
1
-
-
-
total
176
-
77
-
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
-
216
-
unemployment
-
-
-
-
pensions
40
-
19
-
health
30
-
14
-
total
70
-
33
-
Corporate
-
250
-
-
income
-
48
-
-
total
-
48
-
-
Dividends
-
202
-
-
withholding
-
30
-
-
total
-
30
-
-
Income
250
250
250
250
Total tax
246
78
110
102
After tax
4
172
140
148
Living cost
272
272
272
272
Free-cash
-268
-100
-132
-124

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
-€286
-€1262
-€265
-€336
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
-
-
-
250
income
-
-
-
49
social contributions
-
-
-
28
total
-
-
-
77
Employee
628
-
75
-
social contributions
51
-
7
-
income
138
-
15
-
total
189
-
22
-
Employer
628
-
75
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
250
-
-
income
-
55
-
-
total
-
55
-
-
Dividends
-
195
-
-
income
-
43
-
-
total
-
43
-
-
Income
250
250
250
250
Total tax
1 074
98
148
77
After tax
-824
152
102
173
Living cost
438
438
438
438
Free-cash
-1 262
-286
-336
-265

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
-€175
-€327
-€170
-€168
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.

-
-
-
250
income
-
-
-
15
surtax
-
-
-
-
social contributions

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

-
-
-
87
total
-
-
-
102
Employee
466
-
202
-
social contributions
51
-
22
-
surtax
-
-
-
-
income
97
-
30
-
total
148
-
52
-
Employer
466
-
202
-
social contributions
111
-
48
-
total
111
-
48
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
52
-
-
total
-
52
-
-
Dividends
-
198
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
250
250
250
250
Total tax
259
107
100
102
After tax
-9
143
150
148
Living cost
318
318
318
318
Free-cash
-327
-175
-168
-170

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
-€363
-€582
-€338
-€326
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
-
-
-
250
income
-
-
-
-
pensions
-
-
-
81
other
-
-
-
8
health
-
-
-
3
surtax
-
-
-
-
social contributions
-
-
-
7
total
-
-
-
99
Employee
635
-
190
-
social contributions
18
-
5
-
surtax
-
-
-
-
income
55
-
-
-
pensions
72
-
22
-
total
145
-
27
-
Employer
635
-
190
-
other
22
-
7
-
social contributions
2
-
1
-
unemployment
26
-
8
-
pensions
104
-
31
-
health
44
-
13
-
total
198
-
60
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
180
-
-
surtax
-
-
-
-
social contributions
-
31
-
-
withholding
-
23
-
-
total
-
54
-
-
Income
250
250
250
250
Total tax
343
124
87
99
After tax
-93
126
163
151
Living cost
489
489
489
489
Free-cash
-582
-363
-326
-338

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
-€80
-€126
-€110
-€103
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
-
-
-
250
income
-
-
-
-
social contributions
-
-
-
55
total
-
-
-
55
Employee
326
-
216
-
income
-
-
-
-
social contributions
21
-
14
-
total
21
-
14
-
Employer
326
-
216
-
social contributions
50
-
34
-
total
50
-
34
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
71
25
48
55
After tax
179
225
202
195
Living cost
305
305
305
305
Free-cash
-126
-80
-103
-110

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
-€1959
-€1959
-€304
-€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
-
-
-
250
municipal
-
-
-
23
pensions
-
-
-
9
national
-
-
-
15
labour market
-
-
-
19
total
-
-
-
66
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
1 721
1 721
1 721
66
After tax
-1 471
-1 471
-1 471
184
Living cost
488
488
488
488
Free-cash
-1 959
-1 959
-1 959
-304

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
-€198
-€163
-€71
-€85
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
-
-
-
250
accident
-
-
-
3
income
-
-
-
32
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
103
Employee
343
-
208
-
health
39
-
24
-
income
47
-
28
-
pensions
39
-
23
-
total
125
-
75
-
Employer
343
-
208
-
accident
6
-
3
-
unemployment
8
-
5
-
pensions
56
-
34
-
total
70
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
195
230
117
103
After tax
55
20
133
147
Living cost
218
218
218
218
Free-cash
-163
-198
-85
-71

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
-€216
-€383
-€184
-€230
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

-
-
-
250
municipal
-
-
-
45
health
-
-
-
-
national
-
-
-
-
total
-
-
-
45
Employee
533
-
210
-
health
4
-
-
-
municipal
87
-
35
-
pensions
36
-
14
-
unemployment
8
-
3
-
national
9
-
-
-
total
144
-
52
-
Employer
533
-
210
-
accident
1
-
-
-
unemployment
3
-
1
-
pensions
92
-
36
-
health
4
-
2
-
total
100
-
39
-
Corporate
-
250
-
-
income
-
50
-
-
total
-
50
-
-
Dividends

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

-
150
-
-
national
-
-
-
-
municipal
-
27
-
-
total
-
27
-
-
Income
250
250
250
250
Total tax
244
77
91
45
After tax
6
173
159
205
Living cost
389
389
389
389
Free-cash
-383
-216
-230
-184

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
-€214
-€141
-€55
-€126
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
-
-
-
385
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
60
total
-
-
-
70
Employee
779
779
779
-
social contributions
29
65
22
-
health
6
13
4
-
income
85
72
88
-
total
120
150
114
-
Employer
779
779
779
-
social contributions
29
65
22
-
health
7
14
5
-
total
36
79
27
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
250
250
250
250
Total tax
156
229
141
70
After tax
94
21
109
180
Living cost
235
235
235
235
Free-cash
-141
-214
-126
-55

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
€47
-€7
-€25
-€4
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
-
-
-
250
income
-
-
-
13
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
114
Employee

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

233
-
227
-
health
20
-
19
-
income
16
-
16
-
pensions
35
-
34
-
unemployment
1
-
1
-
total
72
-
70
-
Employer

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

233
-
227
-
unemployment
1
-
1
-
pensions
13
-
12
-
health
10
-
10
-
total
24
-
23
-
Corporate
-
250
-
-
income
-
22
-
-
total
-
22
-
-
Dividends
-
228
-
-
withholding
-
20
-
-
total
-
20
-
-
Income
250
250
250
250
Total tax
96
42
93
114
After tax
154
208
157
136
Living cost
161
161
161
161
Free-cash
-7
47
-4
-25

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
-€109
-€244
-€137
-€182
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
-
-
-
250
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
108
Employee
375
-
142
-
other
-
-
-
-
income
72
-
23
-
pensions
18
-
16
-
unemployment
6
-
5
-
total
96
-
44
-
Employer
375
-
142
-
accident
7
-
7
-
other
3
-
3
-
unemployment
21
-
19
-
pensions
88
-
80
-
total
119
-
109
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
215
80
153
108
After tax
35
170
97
142
Living cost
279
279
279
279
Free-cash
-244
-109
-182
-137

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
€128
€123
€118
€116
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
-
-
-
250
income
-
-
-
69
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
104
Employee
42
-
227
-
health
2
-
5
-
income
8
-
68
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
83
-
Employer
42
-
227
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
198
250
-
-
income
44
55
-
-
total
44
55
-
-
Dividends
155
195
-
-
withholding
31
39
-
-
total
31
39
-
-
Income
250
250
250
250
Total tax
99
94
106
104
After tax
151
156
144
146
Living cost
28
28
28
28
Free-cash
123
128
116
118

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
€6
-€62
-€42
-€32
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.

-
-
-
250
income
-
-
-
22
pensions
-
-
-
65
unemployment
-
-
-
4
health
-
-
-
26
total
-
-
-
117
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
-
212
-
health
14
-
11
-
income
36
-
26
-
pensions
37
-
30
-
unemployment
2
-
2
-
total
89
-
69
-
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
-
212
-
unemployment
2
-
2
-
pensions
32
-
25
-
health
14
-
11
-
total
48
-
38
-
Corporate
-
250
-
-
income
-
37
-
-
total
-
37
-
-
Dividends
-
213
-
-
withholding
-
32
-
-
total
-
32
-
-
Income
250
250
250
250
Total tax
137
69
107
117
After tax
113
181
143
133
Living cost
175
175
175
175
Free-cash
-62
6
-32
-42

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
-€130
-€236
-€125
-€123
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.

-
-
-
250
income
-
-
-
15
surtax
-
-
-
-
social contributions

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

-
-
-
87
total
-
-
-
102
Employee
393
-
202
-
social contributions
43
-
22
-
surtax
-
-
-
-
income
77
-
30
-
total
120
-
52
-
Employer
393
-
202
-
social contributions
93
-
48
-
total
93
-
48
-
Corporate
-
250
-
-
surtax
-
-
-
-
income
-
52
-
-
total
-
52
-
-
Dividends
-
198
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
250
250
250
250
Total tax
213
107
100
102
After tax
37
143
150
148
Living cost
273
273
273
273
Free-cash
-236
-130
-123
-125

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
-€186
-€396
-€214
-€259
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
-
-
-
250
accident
-
-
-
2
income
-
-
-
33
pensions
-
-
-
71
other
-
-
-
-
unemployment
-
-
-
2
total
-
-
-
108
Employee
489
-
142
-
other
-
-
-
-
income
102
-
23
-
pensions
23
-
16
-
unemployment
8
-
5
-
total
133
-
44
-
Employer
489
-
142
-
accident
10
-
7
-
other
4
-
3
-
unemployment
27
-
19
-
pensions
116
-
80
-
total
157
-
109
-
Corporate
-
250
-
-
income

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

-
38
-
-
total
-
38
-
-
Dividends
-
212
-
-
withholding
-
42
-
-
total
-
42
-
-
Income
250
250
250
250
Total tax
290
80
153
108
After tax
-40
170
97
142
Living cost
356
356
356
356
Free-cash
-396
-186
-259
-214

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
€40
-€26
-€29
-€15
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
-
-
-
250
income
-
-
-
38
pensions

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

-
-
-
37
unemployment
-
-
-
1
health
-
-
-
29
total
-
-
-
105
Employee
231
-
209
-
health
11
-
10
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
income
23
-
21
-
pensions

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

20
-
18
-
total
57
-
51
-
Employer
231
-
209
-
accident

We are using the highest rate at 1.1%.

3
-
2
-
unemployment
1
-
1
-
pensions

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

25
-
23
-
health
16
-
14
-
total
45
-
40
-
Corporate
-
250
-
-
income
-
25
-
-
total
-
25
-
-
Dividends
-
225
-
-
withholding
-
11
-
-
total
-
11
-
-
Income
250
250
250
250
Total tax
102
36
91
105
After tax
148
214
159
145
Living cost
174
174
174
174
Free-cash
-26
40
-15
-29

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
-€260
-€253
-€211
-€211
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.

-
-
-
250
trade
-
-
-
-
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.

-
-
-
1
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.

-
-
-
-
total
-
-
-
70
Employee

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

504
-
250
-
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
-
-
-
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
-
1
-
total
112
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
250
-
-
surtax

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

-
2
-
-
income
-
38
-
-
trade
-
36
-
-
chamber of commerce
-
2
-
-
total
-
78
-
-
Dividends
-
173
-
-
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
-
-
withholding
-
39
-
-
total
-
41
-
-
Income
250
250
250
250
Total tax
112
119
70
70
After tax
138
131
180
180
Living cost
391
391
391
391
Free-cash
-253
-260
-211
-211

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
-€402
-€543
-€351
-€351
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
-
-
-
250
income
-
-
-
18
social contributions
-
-
-
6
total
-
-
-
24
Employee
793
-
250
-
income
150
-
18
-
social contributions
66
-
6
-
total
216
-
24
-
Employer
793
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
income
-
31
-
-
total
-
31
-
-
Dividends
-
219
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
250
250
250
250
Total tax
216
75
24
24
After tax
34
175
226
226
Living cost
577
577
577
577
Free-cash
-543
-402
-351
-351

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
-€236
-€292
-€474
-€168
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.

-
-
-
250
income
-
-
-
288
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
-
-
-
356
Employee
465
-
227
-
income
50
-
4
-
social contributions
47
-
23
-
total
97
-
27
-
Employer
465
-
227
-
social contributions
47
-
23
-
total
47
-
23
-
Corporate
-
250
-
-
income
-
88
-
-
total
-
88
-
-
Dividends
-
162
-
-
social contributions
30
30
-
-
total
30
30
-
-
Income
250
250
250
250
Total tax
174
118
50
356
After tax
76
132
200
-106
Living cost
368
368
368
368
Free-cash
-292
-236
-168
-474

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
-€191
-€334
-€183
-€197
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
-
-
-
250
income
-
-
-
49
pensions
-
-
-
5
total
-
-
-
54
Employee
520
-
233
-
health
7
-
1
-
income
95
-
45
-
pensions
40
-
5
-
total
142
-
51
-
Employer
520
-
233
-
pensions
53
-
13
-
health
10
-
4
-
total
63
-
17
-
Corporate
-
250
-
-
income

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

-
47
-
-
total
-
47
-
-
Dividends
-
203
-
-
withholding
-
15
-
-
total
-
15
-
-
Income
250
250
250
250
Total tax
205
62
68
54
After tax
45
188
182
196
Living cost
379
379
379
379
Free-cash
-334
-191
-197
-183

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€220
-€203
-€93
-€107
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
-
-
-
250
accident
-
-
-
3
income
-
-
-
32
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
103
Employee
377
-
208
-
health
43
-
24
-
income
52
-
28
-
pensions
42
-
23
-
total
137
-
75
-
Employer
377
-
208
-
accident
6
-
3
-
unemployment
9
-
5
-
pensions
61
-
34
-
total
76
-
42
-
Corporate
-
250
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
225
-
-
total
-
225
-
-
Dividends
-
25
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
250
250
250
250
Total tax
213
230
117
103
After tax
37
20
133
147
Living cost
240
240
240
240
Free-cash
-203
-220
-107
-93

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
€75
€26
€19
€19
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.

-
-
-
250
work injury
-
-
-
1
health insurance
-
-
-
19
income
-
-
-
25
pensions
-
-
-
46
unemployment
-
-
-
3
total
-
-
-
94
Employee

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

219
-
250
-
work injury
1
-
1
-
income
22
-
25
-
pensions
40
-
46
-
health insurance
16
-
19
-
unemployment
3
-
3
-
total
82
-
94
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31
250
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
31
250
-
-
withholding
5
38
-
-
total
5
38
-
-
Income
250
250
250
250
Total tax
87
38
94
94
After tax
163
212
156
156
Living cost
137
137
137
137
Free-cash
26
75
19
19

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
-€272
-€604
-€277
-€295
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
-
-
-
250
municipal
-
-
-
2
regional
-
-
-
3
national
-
-
-
39
social contributions
-
-
-
79
total
-
-
-
123
Employee
854
-
250
-
social contributions
288
-
103
-
regional
13
-
3
-
municipal
5
-
1
-
national
144
-
34
-
total
450
-
141
-
Employer
854
-
250
-
total
-
-
-
-
Corporate
-
250
-
-
nationa
-
60
-
-
municipal
-
12
-
-
total
-
72
-
-
Dividends
-
178
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
250
250
250
250
Total tax
450
118
141
123
After tax
-200
132
109
127
Living cost
404
404
404
404
Free-cash
-604
-272
-295
-277

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.
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