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
€424
-€60
€586
€514
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
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
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
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
-
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
-
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
-
total
350
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
820
2 500
-
-
income
123
375
-
-
trade
129
394
-
-
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
-
-
total
267
800
-
-
Dividends
554
1 700
-
-
withholding
122
408
-
-
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
-
-
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
-€1331
-€706
-€674
-€694
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
national
-
-
-
365
pensions
-
-
-
300
social contributions
-
-
-
27
municipal
-
-
-
236
total
-
-
-
928
Employee
3 512
-
2 161
-
pensions
140
-
86
-
municipal
434
-
246
-
national
672
-
380
-
total
1 246
-
712
-
Employer
3 512
-
2 161
-
social contributions
38
-
23
-
pensions
281
-
173
-
total
319
-
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
1 565
940
908
928
After tax
935
1 560
1 592
1 572
Living cost
2 266
2 266
2 266
2 266
Free-cash
-1 331
-706
-674
-694

Estimated living cost  is €2266 per month

€1540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€211
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€34
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.
€481
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
€726
€1086
€517
€1073
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
surtax
-
-
-
-
microenterprise
-
-
-
375
income
-
-
-
-
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
total
-
-
-
513
Employee
1 283
-
2 015
-
income
228
-
362
-
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
-
surtax
-
-
-
-
total
369
-
584
-
Employer
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.

309
-
485
-
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
-€1862
-€1615
-€1862
-€411
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
health
-
-
-
384
income
-
-
-
237
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
-
unemployment
135
135
135
-
pensions
261
261
261
-
total
657
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
-€880
-€440
-€470
-€559
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
health
-
-
-
156
other
-
-
-
291
national
-
-
-
-
pensions
-
-
-
270
accident
-
-
-
5
unemployment
-
-
-
2
municipal
-
-
-
530
total
-
-
-
1 254
Employee
2 573
-
1 902
-
municipal
767
-
567
-
national
-
-
-
-
total
767
-
567
-
Employer
2 573
-
1 902
-
health
158
-
117
-
other
299
-
221
-
unemployment
68
-
50
-
accident
5
-
4
-
pensions
278
-
206
-
total
808
-
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
1 575
1 135
1 165
1 254
After tax
925
1 365
1 335
1 246
Living cost
1 805
1 805
1 805
1 805
Free-cash
-880
-440
-470
-559

Estimated living cost  is €1805 per month

€1197
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.
€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.
€404
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
€149
-€468
€191
€116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
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
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
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
-
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
-
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
-
total
501
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
273
2 500
-
-
income
41
375
-
-
trade
45
411
-
-
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
-
-
total
95
817
-
-
Dividends
178
1 683
-
-
withholding
28
404
-
-
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
-
-
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
€234
€84
€273
€538
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
health
-
-
-
64
income
-
-
-
84
social contributions
-
-
-
390
total
-
-
-
538
Employee
3 377
3 377
3 377
-
income
355
313
346
-
health
34
57
39
-
social contributions
164
280
188
-
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
€654
€636
€672
€953
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
health
-
-
-
175
income
-
-
-
306
pensions
-
-
-
250
unemployment
-
-
-
38
total
-
-
-
769
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.

1 123
447
2 092
-
pensions
112
45
209
-
income
137
55
256
-
health
79
31
146
-
unemployment
17
7
31
-
total
345
138
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.

1 123
447
2 092
-
pensions
219
87
408
-
total
219
87
408
-
Corporate
1 158
1 966
-
-
income
104
177
-
-
total
104
177
-
-
Dividends
1 054
1 789
-
-
withholding
200
340
-
-
social contributions
200
344
-
-
total
400
684
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 068
1 086
1 050
769
After tax
1 432
1 414
1 450
1 731
Living cost
778
778
778
778
Free-cash
654
636
672
953

Estimated living cost  is €778 per month

€531
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.
€168
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
€666
€939
€413
€326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
health
-
-
-
325
income
-
-
-
288
pensions
-
-
-
500
total
-
-
-
1 113
Employee
1 246
-
1 868
-
pensions
25
-
37
-
income
140
-
327
-
unemployment
20
-
30
-
total
185
-
394
-
Employer
1 246
-
1 868
-
health
162
-
243
-
unemployment
10
-
15
-
pensions
249
-
374
-
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
€53
-€771
€345
€755
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
health
-
-
-
97
other
-
-
-
16
income
-
-
-
463
pensions
-
-
-
184
accident
-
-
-
11
total
-
-
-
771
Employee
1 532
-
2 077
-
pensions
173
-
234
-
income
210
-
285
-
health
175
-
238
-
total
558
-
757
-
Employer
1 532
-
2 077
-
unemployment
38
-
51
-
accident
26
-
35
-
pensions
249
-
338
-
total
313
-
424
-
Corporate
655
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.

590
2 250
-
-
total
590
2 250
-
-
Dividends
66
250
-
-
withholding
12
47
-
-
total
12
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 473
2 297
1 181
771
After tax
1 027
203
1 319
1 729
Living cost
974
974
974
974
Free-cash
53
-771
345
755

Estimated living cost  is €974 per month

€714
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.
€186
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
€1942
€2010
€1635
€2110
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
457
-
2 500
-
income
91
-
500
-
total
91
-
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%.

2 043
2 500
-
-
total
-
-
-
-
Dividends
2 043
2 500
-
-
withholding
102
125
-
-
total
102
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
193
125
500
25
After tax
2 307
2 375
2 000
2 475
Living cost
365
365
365
365
Free-cash
1 942
2 010
1 635
2 110

Estimated living cost  is €365 per month

€226
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.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
€370
€667
€294
€183
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
health
-
-
-
110
other
-
-
-
119
income
-
-
-
318
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
-
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
-
unemployment
16
-
20
-
total
424
-
532
-
Employer
1 594
-
1 997
-
health
22
-
28
-
other
80
-
100
-
unemployment
16
-
20
-
accident
13
-
16
-
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
-
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
-€2283
-€1100
-€1344
-€1094
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
-
-
-
151
total
-
-
-
621
Employee
4 206
-
2 233
-
pensions
406
-
169
-
income
758
-
407
-
health
69
-
29
-
total
1 233
-
605
-
Employer
4 206
-
2 233
-
health
80
-
42
-
pensions
497
-
224
-
total
577
-
266
-
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
1 810
627
871
621
After tax
690
1 873
1 629
1 879
Living cost
2 973
2 973
2 973
2 973
Free-cash
-2 283
-1 100
-1 344
-1 094

Estimated living cost  is €2973 per month

€2227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€349
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.
€372
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
€1359
€1563
€1181
€1141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
227
unemployment
-
-
-
6
total
-
-
-
784
Employee
762
-
2 199
-
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
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
total
186
-
443
-
Employer
762
-
2 199
-
health
53
-
106
-
unemployment
5
-
9
-
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.

84
-
169
-
total
150
-
301
-
Corporate
1 589
2 500
-
-
income
159
250
-
-
total
159
250
-
-
Dividends
1 430
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
575
575
575
575
Free-cash
1 359
1 563
1 181
1 141

Estimated living cost  is €575 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
-€2284
-€2210
-€2457
-€1006
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
health
-
-
-
384
income
-
-
-
237
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
-
unemployment
147
135
135
-
pensions
283
261
261
-
total
713
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
€278
€658
€206
€154
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
solidarity contribution
-
-
-
-
health
-
-
-
338
income
-
-
-
215
social contributions
-
-
-
730
total
-
-
-
1 283
Employee
1 564
-
1 866
-
income
188
-
224
-
health
211
-
252
-
social contributions
102
-
121
-
solidarity contribution
-
-
-
-
total
501
-
597
-
Employer
1 564
-
1 866
-
health
141
-
168
-
social contributions
391
-
466
-
total
532
-
634
-
Corporate
404
2 500
-
-
income
77
475
-
-
total
77
475
-
-
Dividends
327
2 025
-
-
withholding
49
304
-
-
total
49
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 159
779
1 231
1 283
After tax
1 341
1 721
1 269
1 217
Living cost
1 064
1 064
1 064
1 064
Free-cash
278
658
206
154

Estimated living cost  is €1064 per month

€739
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.
€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.
€228
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
-€1403
-€520
-€628
-€487
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
national
-
-
-
451
regional
-
-
-
25
social contributions
-
-
-
643
municipal
-
-
-
15
total
-
-
-
1 134
Employee
3 903
-
2 500
-
regional
37
-
22
-
social contributions
1 316
-
843
-
municipal
21
-
13
-
national
676
-
397
-
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
€467
€603
€391
€445
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
surtax
-
-
-
22
health
-
-
-
178
other
-
-
-
-
income
-
-
-
376
pensions
-
-
-
500
unemployment
-
-
-
10
total
-
-
-
1 086
Employee
1 452
-
2 065
-
pensions
97
-
138
-
other
-
-
-
-
income
243
-
352
-
health
37
-
53
-
surtax
5
-
18
-
unemployment
101
-
144
-
total
483
-
705
-
Employer
1 452
-
2 065
-
health
66
-
94
-
other
-
-
-
-
unemployment
46
-
66
-
pensions
194
-
275
-
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
-€678
-€158
-€402
-€152
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
-
-
-
151
total
-
-
-
621
Employee
2 819
-
2 233
-
pensions
239
-
169
-
income
508
-
407
-
health
41
-
29
-
total
788
-
605
-
Employer
2 819
-
2 233
-
health
54
-
42
-
pensions
305
-
224
-
total
359
-
266
-
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
1 147
627
871
621
After tax
1 353
1 873
1 629
1 879
Living cost
2 031
2 031
2 031
2 031
Free-cash
-678
-158
-402
-152

Estimated living cost  is €2031 per month

€1521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€152
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.
€336
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
-€1953
-€2332
-€1479
-€1351
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
health
-
-
-
11
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
national
-
-
-
7
regional
-
-
-
53
pensions
-
-
-
230
city
-
-
-
26
total
-
-
-
377
Employee
4 066
-
2 238
-
pensions
342
-
188
-
city
44
-
24
-
regional
133
-
44
-
health
9
-
5
-
national
19
-
6
-
unemployment
-
-
-
-
total
547
-
267
-
Employer
4 066
-
2 238
-
health
9
-
5
-
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
-
unemployment
-
-
-
-
pensions
342
-
188
-
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
3 474
3 474
3 474
3 474
Free-cash
-1 953
-2 332
-1 479
-1 351

Estimated living cost  is €3474 per month

€2259
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
-€139
-€769
-€96
-€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
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
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
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
-
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
-
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
-
total
627
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
2 500
-
-
income
-
375
-
-
trade
-
429
-
-
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
-
-
total
-
835
-
-
Dividends
-
1 665
-
-
withholding
-
400
-
-
surtax

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

-
22
-
-
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
€17
-€242
€20
-€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
surtax
-
-
-
-
health
-
-
-
22
other
-
-
-
78
income
-
-
-
111
pensions
-
-
-
720
social contributions
-
-
-
71
total
-
-
-
1 002
Employee
1 879
-
1 905
-
pensions
212
-
215
-
income
111
-
114
-
social contributions
54
-
54
-
surtax
-
-
-
-
total
377
-
383
-
Employer
1 879
-
1 905
-
health
132
-
133
-
other
65
-
66
-
social contributions
6
-
6
-
unemployment
76
-
77
-
pensions
309
-
313
-
total
588
-
595
-
Corporate
34
2 500
-
-
income
9
700
-
-
surtax
-
-
-
-
total
9
700
-
-
Dividends
24
1 800
-
-
withholding
3
230
-
-
social contributions
4
310
-
-
surtax
-
-
-
-
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
€149
-€94
€168
€144
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
surtax
-
-
-
-
health
-
-
-
22
other
-
-
-
78
income
-
-
-
111
pensions
-
-
-
720
social contributions
-
-
-
71
total
-
-
-
1 002
Employee
1 678
-
1 905
-
pensions
190
-
215
-
income
86
-
114
-
social contributions
48
-
54
-
surtax
-
-
-
-
total
324
-
383
-
Employer
1 678
-
1 905
-
health
117
-
133
-
other
58
-
66
-
social contributions
5
-
6
-
unemployment
68
-
77
-
pensions
276
-
313
-
total
524
-
595
-
Corporate
298
2 500
-
-
income
84
700
-
-
surtax
-
-
-
-
total
84
700
-
-
Dividends
215
1 800
-
-
withholding
28
230
-
-
social contributions
37
310
-
-
surtax
-
-
-
-
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
€616
€594
€569
€675
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
health
-
-
-
174
income
-
-
-
375
social contributions
-
-
-
345
total
-
-
-
894
Employee
1 489
-
2 500
-
income
248
-
481
-
health
104
-
174
-
social contributions
206
-
345
-
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
-
-
health
67
166
-
-
withholding
144
356
-
-
social contributions
133
328
-
-
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
-€377
-€113
-€580
-€161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
surtax
-
-
-
9
health
-
-
-
191
income
-
-
-
173
pensions
-
-
-
462
unemployment
-
-
-
269
chamber of commerce
-
-
-
10
total
-
-
-
1 114
Employee
2 195
1 750
1 934
-
pensions
225
179
198
-
other
22
18
19
-
income
250
129
175
-
health
85
68
75
-
unemployment
66
52
58
-
total
648
446
525
-
Employer
2 195
1 750
1 934
-
surtax
9
9
9
-
health
83
66
73
-
other
104
83
92
-
unemployment
66
52
58
-
accident
28
23
25
-
payroll
66
52
58
-
chamber of commerce
9
7
8
-
pensions
275
220
243
-
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
-€1556
-€192
-€527
-€254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
national
-
-
-
732
communal

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

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

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

3 141
-
1 936
-
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
-
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
-
communal

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

164
-
101
-
national
966
-
508
-
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
-
total
1 541
-
862
-
Employer

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

3 141
-
1 936
-
surtax
356
-
220
-
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
-
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
-
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
-
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
-
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
-€382
€103
-€190
-€208
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
-
-
-
2
income
-
-
-
372
pensions
-
-
-
708
accident
-
-
-
22
unemployment
-
-
-
18
total
-
-
-
1 122
Employee
2 186
-
1 896
-
pensions
103
-
89
-
other
2
-
2
-
income
461
-
380
-
unemployment
34
-
29
-
total
600
-
500
-
Employer
2 186
-
1 896
-
other
17
-
15
-
unemployment
120
-
104
-
accident
43
-
38
-
pensions
516
-
447
-
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
-€1222
-€816
-€681
-€730
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
surtax
-
-
-
132
health
-
-
-
188
income
-
-
-
102
pensions
-
-
-
400
accident
-
-
-
22
communal
-
-
-
-
total
-
-
-
844
Employee
3 326
-
2 233
-
pensions
266
-
179
-
income
321
-
113
-
health
148
-
99
-
surtax
204
-
137
-
total
939
-
528
-
Employer
3 326
-
2 233
-
health
101
-
68
-
accident
30
-
20
-
pensions
266
-
179
-
total
397
-
267
-
Corporate
-
2 500
-
-
income
-
375
-
-
communal
-
169
-
-
surtax
-
26
-
-
total
-
570
-
-
Dividends
-
1 930
-
-
withholding
-
290
-
-
income
-
70
-
-
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
€446
€586
€374
€428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
surtax
-
-
-
22
health
-
-
-
178
other
-
-
-
-
income
-
-
-
376
pensions
-
-
-
500
unemployment
-
-
-
10
total
-
-
-
1 086
Employee
1 479
-
2 065
-
pensions
99
-
138
-
other
-
-
-
-
income
248
-
352
-
health
38
-
53
-
surtax
5
-
18
-
unemployment
103
-
144
-
total
493
-
705
-
Employer
1 479
-
2 065
-
health
67
-
94
-
other
-
-
-
-
unemployment
47
-
66
-
pensions
197
-
275
-
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
€34
€131
€30
€170
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
national
-
-
-
451
regional
-
-
-
38
social contributions
-
-
-
643
municipal
-
-
-
15
total
-
-
-
1 147
Employee
2 436
-
2 500
-
regional
33
-
34
-
social contributions
821
-
843
-
municipal
13
-
13
-
national
386
-
397
-
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
-€81
€411
-€41
-€93
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
solidarity contribution
-
-
-
-
health
-
-
-
338
income
-
-
-
215
social contributions
-
-
-
730
total
-
-
-
1 283
Employee
1 927
-
1 866
-
income
231
-
224
-
health
260
-
252
-
social contributions
125
-
121
-
solidarity contribution
-
-
-
-
total
616
-
597
-
Employer
1 927
-
1 866
-
health
173
-
168
-
social contributions
482
-
466
-
total
655
-
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
1 271
779
1 231
1 283
After tax
1 229
1 721
1 269
1 217
Living cost
1 310
1 310
1 310
1 310
Free-cash
-81
411
-41
-93

Estimated living cost  is €1310 per month

€975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€241
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
-€16
€37
-€431
-€6
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
surtax
-
-
-
-
health
-
-
-
191
income
-
-
-
173
pensions
-
-
-
462
unemployment
-
-
-
269
chamber of commerce
-
-
-
10
total
-
-
-
1 105
Employee
1 920
1 750
1 941
-
pensions
197
179
199
-
other
19
18
19
-
income
171
129
177
-
health
74
68
75
-
unemployment
58
52
58
-
total
519
446
528
-
Employer
1 920
1 750
1 941
-
surtax
-
-
-
-
health
73
66
73
-
other
91
83
92
-
unemployment
58
52
58
-
accident
25
23
25
-
payroll
58
52
58
-
chamber of commerce
8
7
8
-
pensions
241
220
244
-
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
€1700
€1806
€1431
€1906
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
711
-
2 500
-
income
142
-
500
-
total
142
-
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%.

1 789
2 500
-
-
total
-
-
-
-
Dividends
1 789
2 500
-
-
withholding
89
125
-
-
total
89
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
231
125
500
25
After tax
2 269
2 375
2 000
2 475
Living cost
569
569
569
569
Free-cash
1 700
1 806
1 431
1 906

Estimated living cost  is €569 per month

€385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€24
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.
€141
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
€176
€543
€127
€198
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
health
-
-
-
246
income
-
-
-
417
pensions
-
-
-
457
unemployment
-
-
-
4
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
-
pensions
301
-
335
-
income
335
-
381
-
health
125
-
140
-
unemployment
3
-
3
-
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
-
unemployment
1
-
1
-
pensions
172
-
191
-
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
-€4045
-€373
€28
-€166
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
2 716
-
-
-
income
599
-
-
-
social contributions
223
-
32
-
total
822
-
32
-
Employer
2 716
-
-
-
social contributions
3 829
-
546
-
total
3 829
-
546
-
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
4 651
979
578
772
After tax
-2 151
1 521
1 922
1 728
Living cost
1 894
1 894
1 894
1 894
Free-cash
-4 045
-373
28
-166

Estimated living cost  is €1894 per month

€1229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€178
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.
€463
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
€1
€45
€1
€66
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
surtax
-
-
-
-
income
-
-
-
188
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
-
income
420
-
420
-
social contributions
222
-
222
-
surtax
-
-
-
-
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
-€1108
-€861
-€599
-€623
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
surtax
-
-
-
-
health
-
-
-
22
other
-
-
-
78
income
-
-
-
111
pensions
-
-
-
720
social contributions
-
-
-
71
total
-
-
-
1 002
Employee
2 750
-
1 905
-
pensions
311
-
215
-
income
240
-
114
-
social contributions
78
-
54
-
surtax
-
-
-
-
total
629
-
383
-
Employer
2 750
-
1 905
-
health
192
-
133
-
other
95
-
66
-
social contributions
8
-
6
-
unemployment
111
-
77
-
pensions
452
-
313
-
total
858
-
595
-
Corporate
-
2 500
-
-
income
-
700
-
-
surtax
-
-
-
-
total
-
700
-
-
Dividends
-
1 800
-
-
withholding
-
230
-
-
social contributions
-
310
-
-
surtax
-
-
-
-
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
€782
€930
€702
€630
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
-
social contributions
92
-
141
-
income
-
-
1
-
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
-€7067
-€7067
-€7067
-€490
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
national
-
-
-
236
pensions
-
-
-
38
municipal
-
-
-
404
total
-
-
-
875
Employee
8 926
8 926
8 926
-
pensions
13
13
13
-
labour market
713
713
713
-
municipal
1 901
1 901
1 901
-
national
1 090
1 090
1 090
-
total
3 717
3 717
3 717
-
Employer
8 926
8 926
8 926
-
national
1 092
1 092
1 092
-
pensions
25
25
25
-
municipal
1 904
1 904
1 904
-
labour market
714
714
714
-
total
3 735
3 735
3 735
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
7 452
7 452
7 452
875
After tax
-4 952
-4 952
-4 952
1 625
Living cost
2 115
2 115
2 115
2 115
Free-cash
-7 067
-7 067
-7 067
-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
€55
-€757
€359
€769
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
health
-
-
-
97
other
-
-
-
16
income
-
-
-
463
pensions
-
-
-
184
accident
-
-
-
11
total
-
-
-
771
Employee
1 510
-
2 077
-
pensions
170
-
234
-
income
207
-
285
-
health
173
-
238
-
total
550
-
757
-
Employer
1 510
-
2 077
-
unemployment
37
-
51
-
accident
25
-
35
-
pensions
246
-
338
-
total
308
-
424
-
Corporate
682
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.

614
2 250
-
-
total
614
2 250
-
-
Dividends
68
250
-
-
withholding
13
47
-
-
total
13
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 485
2 297
1 181
771
After tax
1 015
203
1 319
1 729
Living cost
960
960
960
960
Free-cash
55
-757
359
769

Estimated living cost  is €960 per month

€699
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.
€188
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
-€246
€42
-€143
€256
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
national
-
-
-
92
municipal
-
-
-
446
total
-
-
-
558
Employee
2 310
-
2 103
-
pensions
156
-
142
-
health
17
-
14
-
municipal
378
-
345
-
national
38
-
27
-
unemployment
35
-
32
-
total
624
-
560
-
Employer
2 310
-
2 103
-
health
18
-
16
-
unemployment
15
-
14
-
accident
2
-
2
-
pensions
401
-
365
-
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
-
-
national
-
2
-
-
municipal
-
270
-
-
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
€584
€491
€680
€945
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
health
-
-
-
64
income
-
-
-
84
social contributions
-
-
-
390
total
-
-
-
538
Employee
3 377
3 377
3 377
-
income
368
313
346
-
health
26
57
39
-
social contributions
128
280
188
-
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
€1150
€1373
€851
€1153
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
health
-
-
-
159
income
-
-
-
211
pensions
-
-
-
279
unemployment
-
-
-
1
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
-
pensions
151
-
340
-
income
69
-
174
-
health
86
-
193
-
unemployment
5
-
11
-
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
-
unemployment
5
-
11
-
pensions
55
-
125
-
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
€247
€481
€188
€170
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
-
-
-
2
income
-
-
-
372
pensions
-
-
-
708
accident
-
-
-
22
unemployment
-
-
-
18
total
-
-
-
1 122
Employee
1 624
-
1 896
-
pensions
76
-
89
-
other
2
-
2
-
income
313
-
380
-
unemployment
25
-
29
-
total
416
-
500
-
Employer
1 624
-
1 896
-
other
13
-
15
-
unemployment
89
-
104
-
accident
32
-
38
-
pensions
383
-
447
-
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
€1450
€1465
€1469
€1474
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
health
-
-
-
50
income
-
-
-
811
pensions
-
-
-
70
total
-
-
-
931
Employee
145
-
2 422
-
pensions
13
-
31
-
income
28
-
807
-
health
7
-
17
-
unemployment
1
-
3
-
total
49
-
858
-
Employer
145
-
2 422
-
health
14
-
33
-
unemployment
3
-
7
-
pensions
16
-
38
-
total
33
-
78
-
Corporate
2 322
2 500
-
-
income
511
550
-
-
total
511
550
-
-
Dividends
1 811
1 950
-
-
withholding
362
390
-
-
total
362
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
955
940
936
931
After tax
1 545
1 560
1 564
1 569
Living cost
95
95
95
95
Free-cash
1 450
1 465
1 469
1 474

Estimated living cost  is €95 per month

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€833
€1049
€589
€481
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
health
-
-
-
257
income
-
-
-
317
pensions
-
-
-
650
unemployment
-
-
-
38
total
-
-
-
1 262
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.

1 142
-
2 120
-
pensions
160
-
297
-
income
157
-
353
-
health
59
-
109
-
unemployment
9
-
16
-
total
385
-
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.

1 142
-
2 120
-
health
59
-
109
-
unemployment
9
-
16
-
pensions
137
-
254
-
total
205
-
379
-
Corporate
1 153
2 500
-
-
income
173
375
-
-
total
173
375
-
-
Dividends
980
2 125
-
-
withholding
147
319
-
-
total
147
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
910
694
1 154
1 262
After tax
1 590
1 806
1 346
1 238
Living cost
757
757
757
757
Free-cash
833
1 049
589
481

Estimated living cost  is €757 per month

€510
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
€222
€238
€194
€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

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
surtax
-
-
-
-
income
-
-
-
188
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
-
income
333
-
420
-
social contributions
188
-
222
-
surtax
-
-
-
-
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
-€297
€146
-€147
-€165
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
-
-
-
2
income
-
-
-
372
pensions
-
-
-
708
accident
-
-
-
22
unemployment
-
-
-
18
total
-
-
-
1 122
Employee
2 121
-
1 896
-
pensions
100
-
89
-
other
2
-
2
-
income
443
-
380
-
unemployment
33
-
29
-
total
578
-
500
-
Employer
2 121
-
1 896
-
other
17
-
15
-
unemployment
117
-
104
-
accident
42
-
38
-
pensions
500
-
447
-
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
€1115
€1383
€1001
€961
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
health
-
-
-
176
income
-
-
-
375
pensions

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

-
-
-
227
unemployment
-
-
-
6
total
-
-
-
784
Employee
1 000
-
2 199
-
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
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
total
245
-
443
-
Employer
1 000
-
2 199
-
health
69
-
106
-
unemployment
6
-
9
-
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.

110
-
169
-
total
196
-
301
-
Corporate
1 304
2 500
-
-
income
130
250
-
-
total
130
250
-
-
Dividends
1 174
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

€499
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.
€194
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
€175
-€400
€221
€155
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
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
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
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
-
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
-
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
-
total
490
-
584
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
315
2 500
-
-
income
47
375
-
-
trade
45
359
-
-
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
-
-
total
102
765
-
-
Dividends
213
1 735
-
-
withholding
36
417
-
-
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
-
-
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
-€934
-€752
-€546
-€546
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
-
social contributions
285
-
182
-
income
648
-
362
-
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
€53
-€201
€213
-€621
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.

-
-
-
277
total
-
-
-
1 527
Employee
2 014
-
2 298
-
social contributions
202
-
202
-
income
219
-
289
-
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
1 527
After tax
1 647
1 393
1 807
973
Living cost
1 594
1 594
1 594
1 594
Free-cash
53
-201
213
-621

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
-€39
€222
-€22
€228
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
-
-
-
151
total
-
-
-
621
Employee
2 266
-
2 233
-
pensions
173
-
169
-
income
413
-
407
-
health
30
-
29
-
total
616
-
605
-
Employer
2 266
-
2 233
-
health
43
-
42
-
pensions
229
-
224
-
total
272
-
266
-
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
888
627
871
621
After tax
1 612
1 873
1 629
1 879
Living cost
1 651
1 651
1 651
1 651
Free-cash
-39
222
-22
228

Estimated living cost  is €1651 per month

€1133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€152
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.
€346
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
€39
-€852
€264
€674
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
health
-
-
-
97
other
-
-
-
16
income
-
-
-
463
pensions
-
-
-
184
accident
-
-
-
11
total
-
-
-
771
Employee
1 659
-
2 077
-
pensions
187
-
234
-
income
228
-
285
-
health
190
-
238
-
total
605
-
757
-
Employer
1 659
-
2 077
-
unemployment
41
-
51
-
accident
28
-
35
-
pensions
270
-
338
-
total
339
-
424
-
Corporate
503
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.

452
2 250
-
-
total
452
2 250
-
-
Dividends
50
250
-
-
withholding
10
47
-
-
total
10
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 406
2 297
1 181
771
After tax
1 094
203
1 319
1 729
Living cost
1 055
1 055
1 055
1 055
Free-cash
39
-852
264
674

Estimated living cost  is €1055 per month

€774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€61
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.
€198
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
€1318
€1532
€887
€887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health insurance
-
-
-
185
income
-
-
-
333
pensions
-
-
-
460
work injury
-
-
-
12
unemployment
-
-
-
30
total
-
-
-
1 020
Employee

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

949
-
2 500
-
pensions
175
-
460
-
health insurance
70
-
185
-
work injury
5
-
12
-
income
95
-
333
-
unemployment
11
-
30
-
total
356
-
1 020
-
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
1 020
1 020
After tax
1 911
2 125
1 480
1 480
Living cost
593
593
593
593
Free-cash
1 318
1 532
887
887

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
-€1200
-€432
-€537
-€398
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
national
-
-
-
451
regional
-
-
-
38
social contributions
-
-
-
643
municipal
-
-
-
17
total
-
-
-
1 149
Employee
3 700
-
2 500
-
regional
56
-
33
-
social contributions
1 248
-
843
-
municipal
22
-
15
-
national
625
-
397
-
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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