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
€ 2500
per

Your estimated
City
free-cash

Dresden , Germany
-€60
€586
€514
€424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
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.

-
-
-
269
surtax

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

-
-
-
15
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.

-
-
-
300
trade
-
-
-
72
total
-
-
-
656
Employee

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

1 680
-
2 500
-
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.

3
-
15
-
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.

47
-
269
-
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.

300
-
300
-
total
350
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
820
2 500
-
-
income
123
375
-
-
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.

7
21
-
-
chamber of commerce
8
10
-
-
trade
129
394
-
-
total
267
800
-
-
Dividends
554
1 700
-
-
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.

7
22
-
-
withholding
122
408
-
-
total
129
430
-
-
Income
2 500
2 500
2 500
2 500
Total tax
746
1 230
584
656
After tax
1 754
1 270
1 916
1 844
Living cost
1 330
1 330
1 330
1 330
Free-cash
424
-60
586
514

Estimated living cost  is €1330 per month

€837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€314
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
-€770
-€734
-€754
-€1439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
27
municipal
-
-
-
234
national
-
-
-
363
pensions
-
-
-
300
total
-
-
-
924
Employee
3 611
-
2 161
-
municipal
446
-
244
-
pensions
144
-
86
-
national
691
-
378
-
total
1 281
-
708
-
Employer
3 611
-
2 161
-
pensions
289
-
173
-
social contributions
39
-
23
-
total
328
-
196
-
Corporate
-
2 500
-
-
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%.

-
500
-
-
total
-
500
-
-
Dividends
-
2 000
-
-
withholding
-
440
-
-
total
-
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 609
940
904
924
After tax
891
1 560
1 596
1 576
Living cost
2 330
2 330
2 330
2 330
Free-cash
-1 439
-770
-734
-754

Estimated living cost  is €2330 per month

€1583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€217
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€35
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.
€495
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
€1086
€517
€1073
€726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
2 500
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.

-
-
-
138
microenterprise
-
-
-
375
total
-
-
-
513
Employee
1 283
-
2 015
-
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.

141
-
222
-
income
228
-
362
-
total
369
-
584
-
Employer
1 283
-
2 015
-
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.

309
-
485
-
surtax
-
-
-
-
total
309
-
485
-
Corporate
908
2 500
-
-
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%.

182
500
-
-
total
182
500
-
-
Dividends

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

726
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
860
500
1 069
513
After tax
1 640
2 000
1 431
1 987
Living cost
914
914
914
914
Free-cash
726
1 086
517
1 073

Estimated living cost  is €914 per month

€583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€87
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€223
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
-€1615
-€1862
-€411
-€1862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
237
health
-
-
-
384
pensions
-
-
-
450
total
-
-
-
1 071
Employee
3 750
3 750
3 750
-
pensions
675
514
675
-
income

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

614
614
614
-
health
576
490
576
-
total
1 865
1 618
1 865
-
Employer
3 750
3 750
3 750
-
health
261
261
261
-
pensions
261
261
261
-
unemployment
135
135
135
-
total
657
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 522
2 275
2 522
1 071
After tax
-22
225
-22
1 429
Living cost
1 840
1 840
1 840
1 840
Free-cash
-1 862
-1 615
-1 862
-411

Estimated living cost  is €1840 per month

€1304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€341
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
-€405
-€435
-€525
-€815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
5
other
-
-
-
291
unemployment
-
-
-
3
health
-
-
-
156
municipal
-
-
-
530
national
-
-
-
-
pensions
-
-
-
270
total
-
-
-
1 255
Employee
2 522
-
1 902
-
municipal
752
-
567
-
national
-
-
-
-
total
752
-
567
-
Employer
2 522
-
1 902
-
health
155
-
117
-
pensions
273
-
206
-
accident
5
-
4
-
unemployment
67
-
50
-
other
293
-
221
-
total
793
-
598
-
Corporate
-
2 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
1 950
-
-
withholding
-
585
-
-
total
-
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 545
1 135
1 165
1 255
After tax
955
1 365
1 335
1 245
Living cost
1 770
1 770
1 770
1 770
Free-cash
-815
-405
-435
-525

Estimated living cost  is €1770 per month

€1173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€27
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.
€396
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
-€468
€191
€116
€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

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

-
-
-
2 500
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.

-
-
-
269
surtax

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

-
-
-
15
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.

-
-
-
300
trade
-
-
-
75
total
-
-
-
659
Employee

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

2 227
-
2 500
-
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.

10
-
15
-
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.

191
-
269
-
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.

300
-
300
-
total
501
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
273
2 500
-
-
income
41
375
-
-
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
21
-
-
chamber of commerce
7
10
-
-
trade
45
411
-
-
total
95
817
-
-
Dividends
178
1 683
-
-
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
22
-
-
withholding
28
404
-
-
total
30
426
-
-
Income
2 500
2 500
2 500
2 500
Total tax
626
1 243
584
659
After tax
1 874
1 257
1 916
1 841
Living cost
1 725
1 725
1 725
1 725
Free-cash
149
-468
191
116

Estimated living cost  is €1725 per month

€1154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€364
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
€84
€273
€538
€234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
84
social contributions
-
-
-
390
health
-
-
-
64
total
-
-
-
538
Employee
3 377
3 377
3 377
-
social contributions
164
280
188
-
income
355
313
346
-
health
34
57
39
-
total
553
650
573
-
Employer
3 377
3 377
3 377
-
health
37
62
42
-
social contributions
164
280
188
-
total
201
342
230
-
Corporate
323
-
-
-
income
40
-
-
-
total
40
-
-
-
Dividends
282
-
-
-
withholding
48
-
-
-
total
48
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
842
992
803
538
After tax
1 658
1 508
1 697
1 962
Living cost
1 424
1 424
1 424
1 424
Free-cash
234
84
273
538

Estimated living cost  is €1424 per month

€974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€316
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
€630
€665
€947
€647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
306
unemployment
-
-
-
37
health
-
-
-
175
pensions
-
-
-
250
total
-
-
-
768
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.

1 133
451
2 092
-
unemployment
17
7
31
-
pensions
113
45
209
-
income
139
55
256
-
health
79
32
146
-
total
348
139
642
-
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.

1 133
451
2 092
-
pensions
221
88
408
-
total
221
88
408
-
Corporate
1 146
1 961
-
-
income
103
176
-
-
total
103
176
-
-
Dividends
1 042
1 784
-
-
social contributions
198
343
-
-
withholding
198
339
-
-
total
396
682
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 068
1 085
1 050
768
After tax
1 432
1 415
1 450
1 732
Living cost
785
785
785
785
Free-cash
647
630
665
947

Estimated living cost  is €785 per month

€536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€16
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.
€169
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
€939
€413
€326
€666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
288
health
-
-
-
325
pensions
-
-
-
500
total
-
-
-
1 113
Employee
1 246
-
1 868
-
unemployment
20
-
30
-
pensions
25
-
37
-
income
140
-
327
-
total
185
-
394
-
Employer
1 246
-
1 868
-
health
162
-
243
-
pensions
249
-
374
-
unemployment
10
-
15
-
total
421
-
632
-
Corporate
833
2 500
-
-
income
167
500
-
-
total
167
500
-
-
Dividends
666
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
773
500
1 026
1 113
After tax
1 727
2 000
1 474
1 387
Living cost
1 061
1 061
1 061
1 061
Free-cash
666
939
413
326

Estimated living cost  is €1061 per month

€728
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€249
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
-€777
€339
€749
€50
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
11
income
-
-
-
461
other
-
-
-
17
health
-
-
-
97
pensions
-
-
-
185
total
-
-
-
771
Employee
1 542
-
2 077
-
pensions
174
-
234
-
income
212
-
285
-
health
177
-
238
-
total
563
-
757
-
Employer
1 542
-
2 077
-
pensions
251
-
338
-
accident
26
-
35
-
unemployment
38
-
51
-
total
315
-
424
-
Corporate
644
2 500
-
-
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.

580
2 250
-
-
total
580
2 250
-
-
Dividends
64
250
-
-
withholding
12
47
-
-
total
12
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 470
2 297
1 181
771
After tax
1 030
203
1 319
1 729
Living cost
980
980
980
980
Free-cash
50
-777
339
749

Estimated living cost  is €980 per month

€718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€187
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
€2018
€1643
€2118
€1951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 500
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
446
-
2 500
-
income
89
-
500
-
total
89
-
500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

2 054
2 500
-
-
total
-
-
-
-
Dividends
2 054
2 500
-
-
withholding
103
125
-
-
total
103
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
192
125
500
25
After tax
2 308
2 375
2 000
2 475
Living cost
357
357
357
357
Free-cash
1 951
2 018
1 643
2 118

Estimated living cost  is €357 per month

€221
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.
€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.
€96
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
€667
€294
€183
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
318
other
-
-
-
119
health
-
-
-
110
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.

-
-
-
600
total
-
-
-
1 147
Employee
1 594
-
1 997
-
unemployment
16
-
20
-
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.

112
-
140
-
income
274
-
344
-
health
22
-
28
-
total
424
-
532
-
Employer
1 594
-
1 997
-
health
22
-
28
-
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.

271
-
340
-
accident
13
-
16
-
unemployment
16
-
20
-
other
80
-
100
-
total
402
-
504
-
Corporate
504
2 500
-
-
income
106
525
-
-
total
106
525
-
-
Dividends
398
1 975
-
-
withholding
28
138
-
-
total
28
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
960
663
1 036
1 147
After tax
1 540
1 837
1 464
1 353
Living cost
1 170
1 170
1 170
1 170
Free-cash
370
667
294
183

Estimated living cost  is €1170 per month

€827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€19
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.
€246
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
-€1060
-€1306
-€1055
-€2218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
470
pensions
-
-
-
152
total
-
-
-
622
Employee
4 150
-
2 232
-
pensions
400
-
170
-
income
748
-
407
-
health
68
-
29
-
total
1 216
-
606
-
Employer
4 150
-
2 232
-
health
79
-
42
-
pensions
490
-
225
-
total
569
-
267
-
Corporate
-
2 500
-
-
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.

-
475
-
-
total
-
475
-
-
Dividends
-
2 025
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 785
627
873
622
After tax
715
1 873
1 627
1 878
Living cost
2 933
2 933
2 933
2 933
Free-cash
-2 218
-1 060
-1 306
-1 055

Estimated living cost  is €2933 per month

€2198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€367
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
€1562
€1180
€1140
€1358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
unemployment
-
-
-
6
health
-
-
-
176
pensions

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

-
-
-
227
total
-
-
-
784
Employee
762
-
2 199
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
pensions

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

67
-
135
-
income
76
-
220
-
health
35
-
71
-
total
186
-
443
-
Employer
762
-
2 199
-
health
53
-
106
-
pensions

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

84
-
169
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
unemployment
5
-
9
-
total
150
-
301
-
Corporate
1 588
2 500
-
-
income
159
250
-
-
total
159
250
-
-
Dividends
1 429
2 250
-
-
withholding
71
112
-
-
total
71
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
566
362
744
784
After tax
1 934
2 138
1 756
1 716
Living cost
576
576
576
576
Free-cash
1 358
1 562
1 180
1 140

Estimated living cost  is €576 per month

€336
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.
€15
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.
€183
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
-€2210
-€2457
-€1006
-€2284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
237
health
-
-
-
384
pensions
-
-
-
450
total
-
-
-
1 071
Employee
4 071
3 750
3 750
-
pensions
514
514
675
-
income

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

614
614
614
-
health
508
490
576
-
total
1 636
1 618
1 865
-
Employer
4 071
3 750
3 750
-
health
283
261
261
-
pensions
283
261
261
-
unemployment
147
135
135
-
total
713
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 349
2 275
2 522
1 071
After tax
151
225
-22
1 429
Living cost
2 435
2 435
2 435
2 435
Free-cash
-2 284
-2 210
-2 457
-1 006

Estimated living cost  is €2435 per month

€1796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€393
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
€644
€192
€140
€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
-
-
-
2 500
income
-
-
-
215
social contributions
-
-
-
730
solidarity contribution
-
-
-
-
health
-
-
-
338
total
-
-
-
1 283
Employee
1 584
-
1 866
-
solidarity contribution
-
-
-
-
social contributions
103
-
121
-
income
190
-
224
-
health
214
-
252
-
total
507
-
597
-
Employer
1 584
-
1 866
-
health
143
-
168
-
social contributions
396
-
466
-
total
539
-
634
-
Corporate
378
2 500
-
-
income
72
475
-
-
total
72
475
-
-
Dividends
306
2 025
-
-
withholding
46
304
-
-
total
46
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 164
779
1 231
1 283
After tax
1 336
1 721
1 269
1 217
Living cost
1 077
1 077
1 077
1 077
Free-cash
259
644
192
140

Estimated living cost  is €1077 per month

€748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€231
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
-€520
-€628
-€487
-€1403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
643
regional
-
-
-
25
municipal
-
-
-
15
national
-
-
-
451
total
-
-
-
1 134
Employee
3 903
-
2 500
-
municipal
21
-
13
-
national
676
-
397
-
regional
37
-
22
-
social contributions
1 316
-
843
-
total
2 050
-
1 275
-
Employer
3 903
-
2 500
-
total
-
-
-
-
Corporate
-
2 500
-
-
municipal
-
98
-
-
nationa
-
600
-
-
total
-
698
-
-
Dividends
-
1 802
-
-
withholding
-
469
-
-
total
-
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 050
1 167
1 275
1 134
After tax
450
1 333
1 225
1 366
Living cost
1 853
1 853
1 853
1 853
Free-cash
-1 403
-520
-628
-487

Estimated living cost  is €1853 per month

€1292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€411
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
€603
€391
€445
€467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
376
other
-
-
-
-
surtax
-
-
-
22
unemployment
-
-
-
10
health
-
-
-
178
pensions
-
-
-
500
total
-
-
-
1 086
Employee
1 452
-
2 065
-
other
-
-
-
-
unemployment
101
-
144
-
pensions
97
-
138
-
surtax
5
-
18
-
income
243
-
352
-
health
37
-
53
-
total
483
-
705
-
Employer
1 452
-
2 065
-
health
66
-
94
-
pensions
194
-
275
-
unemployment
46
-
66
-
other
-
-
-
-
total
306
-
435
-
Corporate
742
2 500
-
-
income
193
650
-
-
total
193
650
-
-
Dividends
549
1 850
-
-
withholding
82
278
-
-
total
82
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 064
928
1 140
1 086
After tax
1 436
1 572
1 360
1 414
Living cost
969
969
969
969
Free-cash
467
603
391
445

Estimated living cost  is €969 per month

€592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€89
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€265
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
-€131
-€377
-€126
-€635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
470
pensions
-
-
-
152
total
-
-
-
622
Employee
2 781
-
2 232
-
pensions
236
-
170
-
income
501
-
407
-
health
40
-
29
-
total
777
-
606
-
Employer
2 781
-
2 232
-
health
53
-
42
-
pensions
301
-
225
-
total
354
-
267
-
Corporate
-
2 500
-
-
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.

-
475
-
-
total
-
475
-
-
Dividends
-
2 025
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 131
627
873
622
After tax
1 369
1 873
1 627
1 878
Living cost
2 004
2 004
2 004
2 004
Free-cash
-635
-131
-377
-126

Estimated living cost  is €2004 per month

€1501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€331
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
-€2335
-€1482
-€1354
-€1956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
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.

-
-
-
50
regional
-
-
-
53
health
-
-
-
11
city
-
-
-
26
national
-
-
-
7
pensions
-
-
-
230
total
-
-
-
377
Employee
4 068
-
2 238
-
unemployment
-
-
-
-
pensions
342
-
188
-
national
19
-
6
-
regional
133
-
44
-
city
44
-
24
-
health
9
-
5
-
total
547
-
267
-
Employer
4 068
-
2 238
-
health
9
-
5
-
pensions
342
-
188
-
unemployment
-
-
-
-
other

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

81
-
45
-
total
432
-
238
-
Corporate
-
2 500
-
-
regional
-
529
-
-
national
-
213
-
-
total
-
742
-
-
Dividends
-
1 759
-
-
withholding
-
616
-
-
total
-
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
979
1 358
505
377
After tax
1 521
1 142
1 995
2 123
Living cost
3 476
3 476
3 476
3 476
Free-cash
-1 956
-2 335
-1 482
-1 354

Estimated living cost  is €3476 per month

€2261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€43
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.
€861
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
-€769
-€96
-€175
-€139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
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.

-
-
-
269
surtax

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

-
-
-
15
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.

-
-
-
300
trade
-
-
-
79
total
-
-
-
663
Employee

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

2 639
-
2 500
-
surtax

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

17
-
15
-
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.

310
-
269
-
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.

300
-
300
-
total
627
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
2 500
-
-
income
-
375
-
-
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.

-
21
-
-
chamber of commerce
-
10
-
-
trade
-
429
-
-
total
-
835
-
-
Dividends
-
1 665
-
-
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.

-
22
-
-
withholding
-
400
-
-
total
-
422
-
-
Income
2 500
2 500
2 500
2 500
Total tax
627
1 257
584
663
After tax
1 873
1 243
1 916
1 837
Living cost
2 012
2 012
2 012
2 012
Free-cash
-139
-769
-96
-175

Estimated living cost  is €2012 per month

€1469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€355
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
-€242
€20
-€4
€17
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
111
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
22
pensions
-
-
-
720
total
-
-
-
1 002
Employee
1 879
-
1 905
-
pensions
212
-
215
-
surtax
-
-
-
-
social contributions
54
-
54
-
income
111
-
114
-
total
377
-
383
-
Employer
1 879
-
1 905
-
health
132
-
133
-
pensions
309
-
313
-
unemployment
76
-
77
-
social contributions
6
-
6
-
other
65
-
66
-
total
588
-
595
-
Corporate
34
2 500
-
-
income
9
700
-
-
surtax
-
-
-
-
total
9
700
-
-
Dividends
24
1 800
-
-
surtax
-
-
-
-
social contributions
4
310
-
-
withholding
3
230
-
-
total
7
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
981
1 240
978
1 002
After tax
1 519
1 260
1 522
1 498
Living cost
1 502
1 502
1 502
1 502
Free-cash
17
-242
20
-4

Estimated living cost  is €1502 per month

€947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€407
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
-€94
€168
€144
€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
-
-
-
2 500
income
-
-
-
111
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
22
pensions
-
-
-
720
total
-
-
-
1 002
Employee
1 678
-
1 905
-
pensions
190
-
215
-
surtax
-
-
-
-
social contributions
48
-
54
-
income
86
-
114
-
total
324
-
383
-
Employer
1 678
-
1 905
-
health
117
-
133
-
pensions
276
-
313
-
unemployment
68
-
77
-
social contributions
5
-
6
-
other
58
-
66
-
total
524
-
595
-
Corporate
298
2 500
-
-
income
84
700
-
-
surtax
-
-
-
-
total
84
700
-
-
Dividends
215
1 800
-
-
surtax
-
-
-
-
social contributions
37
310
-
-
withholding
28
230
-
-
total
65
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
997
1 240
978
1 002
After tax
1 503
1 260
1 522
1 498
Living cost
1 354
1 354
1 354
1 354
Free-cash
149
-94
168
144

Estimated living cost  is €1354 per month

€785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€405
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
€594
€569
€675
€616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
social contributions
-
-
-
345
health
-
-
-
174
total
-
-
-
894
Employee
1 489
-
2 500
-
social contributions
206
-
345
-
income
248
-
481
-
health
104
-
174
-
total
558
-
1 000
-
Employer
1 489
-
2 500
-
total
-
-
-
-
Corporate
1 011
2 500
-
-
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%.

51
125
-
-
total
51
125
-
-
Dividends
960
2 375
-
-
social contributions
133
328
-
-
withholding
144
356
-
-
health
67
166
-
-
total
344
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
953
975
1 000
894
After tax
1 547
1 525
1 500
1 606
Living cost
931
931
931
931
Free-cash
616
594
569
675

Estimated living cost  is €931 per month

€623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€229
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
-€113
-€580
-€161
-€377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
173
surtax
-
-
-
9
unemployment
-
-
-
269
chamber of commerce
-
-
-
10
health
-
-
-
191
pensions
-
-
-
462
total
-
-
-
1 114
Employee
2 195
1 750
1 934
-
other
22
18
19
-
unemployment
66
52
58
-
pensions
225
179
198
-
income
250
129
175
-
health
85
68
75
-
total
648
446
525
-
Employer
2 195
1 750
1 934
-
chamber of commerce
9
7
8
-
health
83
66
73
-
pensions
275
220
243
-
accident
28
23
25
-
unemployment
66
52
58
-
surtax
9
9
9
-
payroll
66
52
58
-
other
104
83
92
-
total
640
512
566
-
Corporate
167
238
1 768
-
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.

42
59
442
-
total
42
59
442
-
Dividends
-
178
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 330
1 066
1 533
1 114
After tax
1 170
1 434
967
1 386
Living cost
1 547
1 547
1 547
1 547
Free-cash
-377
-113
-580
-161

Estimated living cost  is €1547 per month

€1032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€358
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
-€192
-€527
-€254
-€1556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
communal

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

-
-
-
133
social contributions
-
-
-
288
national
-
-
-
732
total
-
-
-
1 153
Employee

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

3 141
-
1 936
-
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.

27
-
17
-
communal

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

164
-
101
-
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.

236
-
145
-
national
966
-
508
-
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.

148
-
91
-
total
1 541
-
862
-
Employer

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

3 141
-
1 936
-
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.

193
-
119
-
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.

278
-
172
-
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.

41
-
25
-
unemployment

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

46
-
28
-
surtax
356
-
220
-
total
914
-
564
-
Corporate
-
2 500
-
-
income
-
500
-
-
surtax
-
10
-
-
total
-
510
-
-
Dividends
-
1 990
-
-
withholding

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

-
581
-
-
total
-
581
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 455
1 091
1 426
1 153
After tax
45
1 409
1 074
1 347
Living cost
1 601
1 601
1 601
1 601
Free-cash
-1 556
-192
-527
-254

Estimated living cost  is €1601 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€405
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
€103
-€190
-€208
-€382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
22
income
-
-
-
372
other
-
-
-
2
unemployment
-
-
-
18
pensions
-
-
-
708
total
-
-
-
1 122
Employee
2 186
-
1 896
-
other
2
-
2
-
unemployment
34
-
29
-
pensions
103
-
89
-
income
461
-
380
-
total
600
-
500
-
Employer
2 186
-
1 896
-
pensions
516
-
447
-
accident
43
-
38
-
unemployment
120
-
104
-
other
17
-
15
-
total
696
-
604
-
Corporate
-
2 500
-
-
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.

-
375
-
-
total
-
375
-
-
Dividends
-
2 125
-
-
withholding
-
436
-
-
total
-
436
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 296
811
1 104
1 122
After tax
1 204
1 689
1 396
1 378
Living cost
1 586
1 586
1 586
1 586
Free-cash
-382
103
-190
-208

Estimated living cost  is €1586 per month

€1168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€283
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
-€816
-€681
-€730
-€1222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
communal
-
-
-
-
accident
-
-
-
22
income
-
-
-
102
surtax
-
-
-
132
health
-
-
-
188
pensions
-
-
-
400
total
-
-
-
844
Employee
3 326
-
2 233
-
pensions
266
-
179
-
surtax
204
-
137
-
income
321
-
113
-
health
148
-
99
-
total
939
-
528
-
Employer
3 326
-
2 233
-
health
101
-
68
-
pensions
266
-
179
-
accident
30
-
20
-
total
397
-
267
-
Corporate
-
2 500
-
-
communal
-
169
-
-
income
-
375
-
-
surtax
-
26
-
-
total
-
570
-
-
Dividends
-
1 930
-
-
income
-
70
-
-
withholding
-
290
-
-
total
-
360
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 336
930
795
844
After tax
1 164
1 570
1 705
1 656
Living cost
2 386
2 386
2 386
2 386
Free-cash
-1 222
-816
-681
-730

Estimated living cost  is €2386 per month

€1790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€426
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
€586
€374
€428
€446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
376
other
-
-
-
-
surtax
-
-
-
22
unemployment
-
-
-
10
health
-
-
-
178
pensions
-
-
-
500
total
-
-
-
1 086
Employee
1 479
-
2 065
-
other
-
-
-
-
unemployment
103
-
144
-
pensions
99
-
138
-
surtax
5
-
18
-
income
248
-
352
-
health
38
-
53
-
total
493
-
705
-
Employer
1 479
-
2 065
-
health
67
-
94
-
pensions
197
-
275
-
unemployment
47
-
66
-
other
-
-
-
-
total
311
-
435
-
Corporate
710
2 500
-
-
income
185
650
-
-
total
185
650
-
-
Dividends
525
1 850
-
-
withholding
79
278
-
-
total
79
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 068
928
1 140
1 086
After tax
1 432
1 572
1 360
1 414
Living cost
986
986
986
986
Free-cash
446
586
374
428

Estimated living cost  is €986 per month

€596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€282
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
€131
€30
€170
€34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
643
regional
-
-
-
38
municipal
-
-
-
15
national
-
-
-
451
total
-
-
-
1 147
Employee
2 436
-
2 500
-
municipal
13
-
13
-
national
386
-
397
-
regional
33
-
34
-
social contributions
821
-
843
-
total
1 253
-
1 287
-
Employer
2 436
-
2 500
-
total
-
-
-
-
Corporate
64
2 500
-
-
municipal
3
124
-
-
nationa
15
600
-
-
total
18
724
-
-
Dividends
46
1 776
-
-
withholding
12
462
-
-
total
12
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 283
1 186
1 287
1 147
After tax
1 217
1 314
1 213
1 353
Living cost
1 183
1 183
1 183
1 183
Free-cash
34
131
30
170

Estimated living cost  is €1183 per month

€736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€307
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
€394
-€58
-€110
-€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
-
-
-
2 500
income
-
-
-
215
social contributions
-
-
-
730
solidarity contribution
-
-
-
-
health
-
-
-
338
total
-
-
-
1 283
Employee
1 952
-
1 866
-
solidarity contribution
-
-
-
-
social contributions
127
-
121
-
income
234
-
224
-
health
263
-
252
-
total
624
-
597
-
Employer
1 952
-
1 866
-
health
176
-
168
-
social contributions
488
-
466
-
total
664
-
634
-
Corporate
-
2 500
-
-
income
-
475
-
-
total
-
475
-
-
Dividends
-
2 025
-
-
withholding
-
304
-
-
total
-
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 288
779
1 231
1 283
After tax
1 212
1 721
1 269
1 217
Living cost
1 327
1 327
1 327
1 327
Free-cash
-115
394
-58
-110

Estimated living cost  is €1327 per month

€987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€244
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
€37
-€431
-€6
-€16
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
173
surtax
-
-
-
-
unemployment
-
-
-
269
chamber of commerce
-
-
-
10
health
-
-
-
191
pensions
-
-
-
462
total
-
-
-
1 105
Employee
1 920
1 750
1 941
-
other
19
18
19
-
unemployment
58
52
58
-
pensions
197
179
199
-
income
171
129
177
-
health
74
68
75
-
total
519
446
528
-
Employer
1 920
1 750
1 941
-
chamber of commerce
8
7
8
-
health
73
66
73
-
pensions
241
220
244
-
accident
25
23
25
-
unemployment
58
52
58
-
surtax
-
-
-
-
payroll
58
52
58
-
other
91
83
92
-
total
554
503
558
-
Corporate
167
246
1 775
-
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.

42
62
444
-
total
42
62
444
-
Dividends
-
185
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 115
1 062
1 530
1 105
After tax
1 385
1 438
970
1 395
Living cost
1 401
1 401
1 401
1 401
Free-cash
-16
37
-431
-6

Estimated living cost  is €1401 per month

€840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€392
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
€1819
€1444
€1919
€1715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
2 500
microenterprise

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

-
-
-
25
total
-
-
-
25
Employee
695
-
2 500
-
income
139
-
500
-
total
139
-
500
-
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%.

1 805
2 500
-
-
total
-
-
-
-
Dividends
1 805
2 500
-
-
withholding
90
125
-
-
total
90
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
229
125
500
25
After tax
2 271
2 375
2 000
2 475
Living cost
556
556
556
556
Free-cash
1 715
1 819
1 444
1 919

Estimated living cost  is €556 per month

€376
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.
€19
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.
€138
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
€543
€127
€198
€176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
2 500
income
-
-
-
417
unemployment
-
-
-
4
health
-
-
-
246
pensions
-
-
-
457
total
-
-
-
1 124
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.

1 942
-
2 163
-
unemployment
3
-
3
-
pensions
301
-
335
-
income
335
-
381
-
health
125
-
140
-
total
764
-
859
-
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.

1 942
-
2 163
-
health
129
-
144
-
pensions
172
-
191
-
unemployment
1
-
1
-
total
302
-
336
-
Corporate
256
2 500
-
-
income
49
475
-
-
total
49
475
-
-
Dividends
207
2 025
-
-
withholding
31
304
-
-
total
31
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 146
779
1 195
1 124
After tax
1 354
1 721
1 305
1 376
Living cost
1 178
1 178
1 178
1 178
Free-cash
176
543
127
198

Estimated living cost  is €1178 per month

€808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€271
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
-€362
€43
-€155
-€4005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
487
social contributions
-
-
-
285
total
-
-
-
772
Employee
2 699
-
-
-
social contributions
221
-
32
-
income
595
-
-
-
total
816
-
32
-
Employer
2 699
-
-
-
social contributions
3 806
-
542
-
total
3 806
-
542
-
Corporate
-
2 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
1 950
-
-
income
-
429
-
-
total
-
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
4 622
979
574
772
After tax
-2 122
1 521
1 926
1 728
Living cost
1 883
1 883
1 883
1 883
Free-cash
-4 005
-362
43
-155

Estimated living cost  is €1883 per month

€1222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€460
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
€45
€1
€66
€1
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 500
income
-
-
-
188
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 057
Employee
2 020
-
2 020
-
surtax
-
-
-
-
social contributions
222
-
222
-
income
420
-
420
-
total
642
-
642
-
Employer
2 020
-
2 020
-
social contributions
480
-
480
-
total
480
-
480
-
Corporate
1
2 500
-
-
income
-
525
-
-
surtax
-
-
-
-
total
-
525
-
-
Dividends
-
1 975
-
-
withholding
-
553
-
-
total
-
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 122
1 078
1 122
1 057
After tax
1 378
1 422
1 378
1 443
Living cost
1 377
1 377
1 377
1 377
Free-cash
1
45
1
66

Estimated living cost  is €1377 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€243
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
-€861
-€599
-€623
-€1108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
111
other
-
-
-
78
surtax
-
-
-
-
social contributions
-
-
-
71
health
-
-
-
22
pensions
-
-
-
720
total
-
-
-
1 002
Employee
2 750
-
1 905
-
pensions
311
-
215
-
surtax
-
-
-
-
social contributions
78
-
54
-
income
240
-
114
-
total
629
-
383
-
Employer
2 750
-
1 905
-
health
192
-
133
-
pensions
452
-
313
-
unemployment
111
-
77
-
social contributions
8
-
6
-
other
95
-
66
-
total
858
-
595
-
Corporate
-
2 500
-
-
income
-
700
-
-
surtax
-
-
-
-
total
-
700
-
-
Dividends
-
1 800
-
-
surtax
-
-
-
-
social contributions
-
310
-
-
withholding
-
230
-
-
total
-
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 487
1 240
978
1 002
After tax
1 013
1 260
1 522
1 498
Living cost
2 121
2 121
2 121
2 121
Free-cash
-1 108
-861
-599
-623

Estimated living cost  is €2121 per month

€1435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€483
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
€930
€702
€630
€782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
-
social contributions
-
-
-
550
total
-
-
-
550
Employee
1 412
-
2 164
-
income
-
-
1
-
social contributions
92
-
141
-
total
92
-
142
-
Employer
1 412
-
2 164
-
social contributions
219
-
336
-
total
219
-
336
-
Corporate
869
2 500
-
-
income
87
250
-
-
total
87
250
-
-
Dividends
782
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
398
250
478
550
After tax
2 102
2 250
2 022
1 950
Living cost
1 320
1 320
1 320
1 320
Free-cash
782
930
702
630

Estimated living cost  is €1320 per month

€854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€342
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
-€7068
-€7068
-€490
-€7068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
labour market
-
-
-
197
municipal
-
-
-
404
national
-
-
-
236
pensions
-
-
-
38
total
-
-
-
875
Employee
8 927
8 927
8 927
-
municipal
1 901
1 901
1 901
-
labour market
713
713
713
-
pensions
13
13
13
-
national
1 091
1 091
1 091
-
total
3 718
3 718
3 718
-
Employer
8 927
8 927
8 927
-
national
1 092
1 092
1 092
-
labour market
714
714
714
-
pensions
25
25
25
-
municipal
1 904
1 904
1 904
-
total
3 735
3 735
3 735
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
7 453
7 453
7 453
875
After tax
-4 953
-4 953
-4 953
1 625
Living cost
2 115
2 115
2 115
2 115
Free-cash
-7 068
-7 068
-7 068
-490

Estimated living cost  is €2115 per month

€1447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€33
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.
€448
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
-€763
€353
€763
€55
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
11
income
-
-
-
461
other
-
-
-
17
health
-
-
-
97
pensions
-
-
-
185
total
-
-
-
771
Employee
1 519
-
2 077
-
pensions
171
-
234
-
income
208
-
285
-
health
174
-
238
-
total
553
-
757
-
Employer
1 519
-
2 077
-
pensions
247
-
338
-
accident
25
-
35
-
unemployment
37
-
51
-
total
309
-
424
-
Corporate
671
2 500
-
-
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.

604
2 250
-
-
total
604
2 250
-
-
Dividends
67
250
-
-
withholding
13
47
-
-
total
13
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 479
2 297
1 181
771
After tax
1 021
203
1 319
1 729
Living cost
966
966
966
966
Free-cash
55
-763
353
763

Estimated living cost  is €966 per month

€703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
€42
-€143
€256
-€246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
2 500
health
-
-
-
20
municipal
-
-
-
446
national
-
-
-
92
total
-
-
-
558
Employee
2 310
-
2 103
-
municipal
378
-
345
-
unemployment
35
-
32
-
pensions
156
-
142
-
national
38
-
27
-
health
17
-
14
-
total
624
-
560
-
Employer
2 310
-
2 103
-
health
18
-
16
-
pensions
401
-
365
-
accident
2
-
2
-
unemployment
15
-
14
-
total
436
-
397
-
Corporate
-
2 500
-
-
income
-
500
-
-
total
-
500
-
-
Dividends

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

-
1 500
-
-
municipal
-
270
-
-
national
-
2
-
-
total
-
272
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 060
772
957
558
After tax
1 440
1 728
1 543
1 942
Living cost
1 686
1 686
1 686
1 686
Free-cash
-246
42
-143
256

Estimated living cost  is €1686 per month

€1101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€27
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.
€396
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
€491
€680
€945
€584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
84
social contributions
-
-
-
390
health
-
-
-
64
total
-
-
-
538
Employee
3 377
3 377
3 377
-
social contributions
128
280
188
-
income
368
313
346
-
health
26
57
39
-
total
522
650
573
-
Employer
3 377
3 377
3 377
-
health
28
62
42
-
social contributions
128
280
188
-
total
156
342
230
-
Corporate
806
-
-
-
income
101
-
-
-
total
101
-
-
-
Dividends
705
-
-
-
withholding
120
-
-
-
total
120
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
899
992
803
538
After tax
1 601
1 508
1 697
1 962
Living cost
1 017
1 017
1 017
1 017
Free-cash
584
491
680
945

Estimated living cost  is €1017 per month

€609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€285
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
€1373
€851
€1153
€1150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 500
income
-
-
-
211
unemployment
-
-
-
1
health
-
-
-
159
pensions
-
-
-
279
total
-
-
-
650
Employee

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

1 008
-
2 266
-
unemployment
5
-
11
-
pensions
151
-
340
-
income
69
-
174
-
health
86
-
193
-
total
311
-
718
-
Employer

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

1 008
-
2 266
-
health
43
-
98
-
pensions
55
-
125
-
unemployment
5
-
11
-
total
103
-
234
-
Corporate
1 388
2 500
-
-
income
125
225
-
-
total
125
225
-
-
Dividends
1 263
2 275
-
-
withholding
114
205
-
-
total
114
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
653
430
952
650
After tax
1 847
2 070
1 548
1 850
Living cost
697
697
697
697
Free-cash
1 150
1 373
851
1 153

Estimated living cost  is €697 per month

€445
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.
€21
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.
€181
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
€481
€188
€170
€247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
22
income
-
-
-
372
other
-
-
-
2
unemployment
-
-
-
18
pensions
-
-
-
708
total
-
-
-
1 122
Employee
1 624
-
1 896
-
other
2
-
2
-
unemployment
25
-
29
-
pensions
76
-
89
-
income
313
-
380
-
total
416
-
500
-
Employer
1 624
-
1 896
-
pensions
383
-
447
-
accident
32
-
38
-
unemployment
89
-
104
-
other
13
-
15
-
total
517
-
604
-
Corporate
359
2 500
-
-
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.

54
375
-
-
total
54
375
-
-
Dividends
305
2 125
-
-
withholding
58
436
-
-
total
58
436
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 045
811
1 104
1 122
After tax
1 455
1 689
1 396
1 378
Living cost
1 208
1 208
1 208
1 208
Free-cash
247
481
188
170

Estimated living cost  is €1208 per month

€815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€255
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
€1471
€1478
€1484
€1456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
815
health
-
-
-
47
pensions
-
-
-
65
total
-
-
-
927
Employee
135
-
2 427
-
unemployment
1
-
3
-
pensions
12
-
29
-
income
26
-
812
-
health
7
-
16
-
total
46
-
860
-
Employer
135
-
2 427
-
health
13
-
31
-
pensions
15
-
36
-
unemployment
3
-
6
-
total
31
-
73
-
Corporate
2 334
2 500
-
-
income
514
550
-
-
total
514
550
-
-
Dividends
1 821
1 950
-
-
withholding
364
390
-
-
total
364
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
955
940
933
927
After tax
1 545
1 560
1 567
1 573
Living cost
89
89
89
89
Free-cash
1 456
1 471
1 478
1 484

Estimated living cost  is €89 per month

€53
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€27
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
€1046
€586
€477
€830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
2 500
income
-
-
-
317
unemployment
-
-
-
38
health
-
-
-
258
pensions
-
-
-
650
total
-
-
-
1 263
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.

1 146
-
2 120
-
unemployment
9
-
16
-
pensions
160
-
297
-
income
158
-
353
-
health
59
-
109
-
total
386
-
775
-
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.

1 146
-
2 120
-
health
59
-
109
-
pensions
137
-
254
-
unemployment
9
-
16
-
total
205
-
379
-
Corporate
1 149
2 500
-
-
income
172
375
-
-
total
172
375
-
-
Dividends
977
2 125
-
-
withholding
147
319
-
-
total
147
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
910
694
1 154
1 263
After tax
1 590
1 806
1 346
1 237
Living cost
760
760
760
760
Free-cash
830
1 046
586
477

Estimated living cost  is €760 per month

€512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€167
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
€238
€194
€259
€222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
2 500
income
-
-
-
188
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 057
Employee
1 704
-
2 020
-
surtax
-
-
-
-
social contributions
188
-
222
-
income
333
-
420
-
total
521
-
642
-
Employer
1 704
-
2 020
-
social contributions
405
-
480
-
total
405
-
480
-
Corporate
391
2 500
-
-
income
82
525
-
-
surtax
-
-
-
-
total
82
525
-
-
Dividends
309
1 975
-
-
withholding
86
553
-
-
total
86
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 094
1 078
1 122
1 057
After tax
1 406
1 422
1 378
1 443
Living cost
1 184
1 184
1 184
1 184
Free-cash
222
238
194
259

Estimated living cost  is €1184 per month

€838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€242
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
€146
-€147
-€165
-€297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
22
income
-
-
-
372
other
-
-
-
2
unemployment
-
-
-
18
pensions
-
-
-
708
total
-
-
-
1 122
Employee
2 121
-
1 896
-
other
2
-
2
-
unemployment
33
-
29
-
pensions
100
-
89
-
income
443
-
380
-
total
578
-
500
-
Employer
2 121
-
1 896
-
pensions
500
-
447
-
accident
42
-
38
-
unemployment
117
-
104
-
other
17
-
15
-
total
676
-
604
-
Corporate
-
2 500
-
-
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.

-
375
-
-
total
-
375
-
-
Dividends
-
2 125
-
-
withholding
-
436
-
-
total
-
436
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 254
811
1 104
1 122
After tax
1 246
1 689
1 396
1 378
Living cost
1 543
1 543
1 543
1 543
Free-cash
-297
146
-147
-165

Estimated living cost  is €1543 per month

€1108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€293
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
€1383
€1001
€961
€1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
unemployment
-
-
-
6
health
-
-
-
176
pensions

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

-
-
-
227
total
-
-
-
784
Employee
1 000
-
2 199
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
pensions

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

88
-
135
-
income
100
-
220
-
health
46
-
71
-
total
245
-
443
-
Employer
1 000
-
2 199
-
health
69
-
106
-
pensions

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

110
-
169
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
unemployment
6
-
9
-
total
196
-
301
-
Corporate
1 303
2 500
-
-
income
130
250
-
-
total
130
250
-
-
Dividends
1 173
2 250
-
-
withholding
59
112
-
-
total
59
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
630
362
744
784
After tax
1 870
2 138
1 756
1 716
Living cost
755
755
755
755
Free-cash
1 115
1 383
1 001
961

Estimated living cost  is €755 per month

€500
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.
€18
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.
€195
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
-€400
€221
€155
€175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
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.

-
-
-
269
surtax

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

-
-
-
15
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.

-
-
-
300
trade
-
-
-
66
total
-
-
-
650
Employee

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

2 185
-
2 500
-
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.

10
-
15
-
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.

180
-
269
-
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.

300
-
300
-
total
490
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
315
2 500
-
-
income
47
375
-
-
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.

3
21
-
-
chamber of commerce
7
10
-
-
trade
45
359
-
-
total
102
765
-
-
Dividends
213
1 735
-
-
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
23
-
-
withholding
36
417
-
-
total
38
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
630
1 205
584
650
After tax
1 870
1 295
1 916
1 850
Living cost
1 695
1 695
1 695
1 695
Free-cash
175
-400
221
155

Estimated living cost  is €1695 per month

€1170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€319
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
-€752
-€546
-€546
-€934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
362
social contributions
-
-
-
182
total
-
-
-
544
Employee
3 435
-
2 500
-
income
648
-
362
-
social contributions
285
-
182
-
total
933
-
544
-
Employer
3 435
-
2 500
-
total
-
-
-
-
Corporate
-
2 500
-
-
income
-
312
-
-
total
-
312
-
-
Dividends
-
2 188
-
-
withholding
-
438
-
-
total
-
438
-
-
Income
2 500
2 500
2 500
2 500
Total tax
933
750
544
544
After tax
1 567
1 750
1 956
1 956
Living cost
2 502
2 502
2 502
2 502
Free-cash
-934
-752
-546
-546

Estimated living cost  is €2502 per month

€1903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€204
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€371
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
-€201
€213
-€611
€53
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
2 500
income
-
-
-
1 250
health

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

-
-
-
267
total
-
-
-
1 517
Employee
2 014
-
2 298
-
income
219
-
289
-
social contributions
202
-
202
-
total
421
-
491
-
Employer
2 014
-
2 298
-
social contributions
202
-
202
-
total
202
-
202
-
Corporate
284
2 500
-
-
income
99
875
-
-
total
99
875
-
-
Dividends
184
1 625
-
-
social contributions
131
232
-
-
total
131
232
-
-
Income
2 500
2 500
2 500
2 500
Total tax
853
1 107
693
1 517
After tax
1 647
1 393
1 807
983
Living cost
1 594
1 594
1 594
1 594
Free-cash
53
-201
213
-611

Estimated living cost  is €1594 per month

€1050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€394
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
€244
-€2
€249
-€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
-
-
-
2 500
income
-
-
-
470
pensions
-
-
-
152
total
-
-
-
622
Employee
2 236
-
2 232
-
pensions
171
-
170
-
income
407
-
407
-
health
29
-
29
-
total
607
-
606
-
Employer
2 236
-
2 232
-
health
42
-
42
-
pensions
226
-
225
-
total
268
-
267
-
Corporate
-
2 500
-
-
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.

-
475
-
-
total
-
475
-
-
Dividends
-
2 025
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
2 500
2 500
2 500
2 500
Total tax
875
627
873
622
After tax
1 625
1 873
1 627
1 878
Living cost
1 629
1 629
1 629
1 629
Free-cash
-4
244
-2
249

Estimated living cost  is €1629 per month

€1118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€341
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
-€858
€258
€668
€41
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
11
income
-
-
-
461
other
-
-
-
17
health
-
-
-
97
pensions
-
-
-
185
total
-
-
-
771
Employee
1 670
-
2 077
-
pensions
188
-
234
-
income
229
-
285
-
health
191
-
238
-
total
608
-
757
-
Employer
1 670
-
2 077
-
pensions
271
-
338
-
accident
28
-
35
-
unemployment
41
-
51
-
total
340
-
424
-
Corporate
490
2 500
-
-
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.

441
2 250
-
-
total
441
2 250
-
-
Dividends
49
250
-
-
withholding
9
47
-
-
total
9
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 398
2 297
1 181
771
After tax
1 102
203
1 319
1 729
Living cost
1 061
1 061
1 061
1 061
Free-cash
41
-858
258
668

Estimated living cost  is €1061 per month

€779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€199
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
€1532
€886
€886
€1318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
2 500
income
-
-
-
333
unemployment
-
-
-
30
work injury
-
-
-
13
health insurance
-
-
-
185
pensions
-
-
-
460
total
-
-
-
1 021
Employee

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

949
-
2 500
-
health insurance
70
-
185
-
unemployment
11
-
30
-
work injury
5
-
13
-
pensions
175
-
460
-
income
95
-
333
-
total
356
-
1 021
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 551
2 500
-
-
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
1 551
2 500
-
-
withholding
233
375
-
-
total
233
375
-
-
Income
2 500
2 500
2 500
2 500
Total tax
589
375
1 021
1 021
After tax
1 911
2 125
1 479
1 479
Living cost
593
593
593
593
Free-cash
1 318
1 532
886
886

Estimated living cost  is €593 per month

€368
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.
€19
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.
€164
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
-€432
-€537
-€398
-€1200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
social contributions
-
-
-
643
regional
-
-
-
38
municipal
-
-
-
17
national
-
-
-
451
total
-
-
-
1 149
Employee
3 700
-
2 500
-
municipal
22
-
15
-
national
625
-
397
-
regional
56
-
33
-
social contributions
1 248
-
843
-
total
1 951
-
1 288
-
Employer
3 700
-
2 500
-
total
-
-
-
-
Corporate
-
2 500
-
-
municipal
-
120
-
-
nationa
-
600
-
-
total
-
720
-
-
Dividends
-
1 780
-
-
withholding
-
463
-
-
total
-
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 951
1 183
1 288
1 149
After tax
549
1 317
1 212
1 351
Living cost
1 749
1 749
1 749
1 749
Free-cash
-1 200
-432
-537
-398

Estimated living cost  is €1749 per month

€1229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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