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
€952
€1064
€905
€1225
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
trade
-
-
-
320
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.

-
-
-
852
health

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

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

-
-
-
69
surtax

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

-
-
-
47
total
-
-
-
1 288
Employee

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

388
-
2 500
-
health

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

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

69
-
69
-
surtax

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

1
-
47
-
income

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

11
-
852
-
total
81
-
968
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 112
2 500
-
-
surtax

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

17
21
-
-
income
317
375
-
-
trade
333
394
-
-
chamber of commerce
5
5
-
-
total
672
795
-
-
Dividends
1 441
1 706
-
-
surtax

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

20
23
-
-
withholding
356
423
-
-
total
376
446
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 129
1 241
968
1 288
After tax
1 371
1 259
1 532
1 212
Living cost
307
307
307
307
Free-cash
1 064
952
1 225
905

Estimated living cost  is €307 per week

€193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
€1048
€1039
€896
€909
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
municipal
-
-
-
279
pensions
-
-
-
300
national
-
-
-
486
social contributions
-
-
-
27
total
-
-
-
1 092
Employee
794
-
2 161
-
municipal
98
-
289
-
pensions
32
-
86
-
national
152
-
508
-
total
282
-
883
-
Employer
794
-
2 161
-
social contributions
9
-
23
-
pensions
64
-
173
-
total
73
-
196
-
Corporate
1 582
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%.

316
500
-
-
total
316
500
-
-
Dividends
1 265
2 000
-
-
withholding
278
440
-
-
total
278
440
-
-
Income
2 500
2 500
2 500
2 500
Total tax
949
940
1 079
1 092
After tax
1 551
1 560
1 421
1 408
Living cost
512
512
512
512
Free-cash
1 039
1 048
909
896

Estimated living cost  is €512 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
€1789
€1705
€713
€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

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
microenterprise
-
-
-
-
income
-
-
-
550
surtax
-
-
-
638
social contributions

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

-
-
-
388
total
-
-
-
1 576
Employee
296
-
1 990
-
social contributions

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

33
-
133
-
surtax
-
-
289
-
income
53
-
470
-
total
86
-
892
-
Employer
296
-
1 990
-
social contributions

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

71
-
291
-
surtax
-
-
219
-
total
71
-
510
-
Corporate
2 133
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%.

427
500
-
-
total
427
500
-
-
Dividends

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

1 706
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
584
500
1 402
1 576
After tax
1 916
2 000
1 098
924
Living cost
211
211
211
211
Free-cash
1 705
1 789
887
713

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
€823
€761
€905
€1172
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
-
-
-
926
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 170
Employee
865
865
2 312
-
health
133
113
125
-
income

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

142
142
470
-
pensions
156
119
119
-
total
431
374
714
-
Employer
865
865
2 312
-
unemployment
31
31
39
-
pensions
60
60
75
-
health
60
60
75
-
total
151
151
189
-
Corporate
1 494
1 483
-
-
income
299
297
-
-
total
299
297
-
-
Dividends
1 195
1 186
-
-
income
254
252
-
-
withholding
179
178
-
-
total
433
430
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 314
1 252
903
1 170
After tax
1 186
1 248
1 597
1 330
Living cost
425
425
425
425
Free-cash
761
823
1 172
905

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
€973
€965
€843
€833
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
municipal
-
-
-
671
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
344
total
-
-
-
1 265
Employee
558
-
2 230
-
municipal
166
-
665
-
national
-
-
339
-
total
166
-
1 004
-
Employer
558
-
2 230
-
accident
1
-
2
-
other
65
-
100
-
unemployment
15
-
23
-
pensions
60
-
93
-
health
34
-
53
-
total
175
-
271
-
Corporate
1 767
2 500
-
-
income
389
550
-
-
total
389
550
-
-
Dividends
1 378
1 950
-
-
withholding
413
585
-
-
total
413
585
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 143
1 135
1 275
1 265
After tax
1 357
1 365
1 225
1 235
Living cost
392
392
392
392
Free-cash
965
973
833
843

Estimated living cost  is €392 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€849
€993
€800
€1134
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
trade
-
-
-
334
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.

-
-
-
852
health

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

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

-
-
-
69
surtax

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

-
-
-
47
total
-
-
-
1 302
Employee

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

514
-
2 500
-
health

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

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

69
-
69
-
surtax

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

2
-
47
-
income

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

44
-
852
-
total
115
-
968
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 986
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.

16
21
-
-
income
298
375
-
-
trade
327
411
-
-
chamber of commerce
4
5
-
-
total
645
812
-
-
Dividends
1 341
1 688
-
-
surtax

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

18
23
-
-
withholding
331
418
-
-
total
349
441
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 109
1 253
968
1 302
After tax
1 391
1 247
1 532
1 198
Living cost
398
398
398
398
Free-cash
993
849
1 134
800

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
€1493
€1450
€1344
€1324
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
-
-
-
599
health
-
-
-
64
social contributions
-
-
-
164
total
-
-
-
827
Employee
779
779
2 369
-
social contributions
38
65
87
-
health
8
13
40
-
income
82
72
589
-
total
128
150
716
-
Employer
779
779
2 369
-
social contributions
38
65
87
-
health
8
14
44
-
total
46
79
131
-
Corporate
1 998
1 642
-
-
income
250
205
-
-
total
250
205
-
-
Dividends
1 748
1 436
-
-
withholding
297
244
-
-
total
297
244
-
-
Income
2 500
2 500
2 500
2 500
Total tax
721
678
847
827
After tax
1 779
1 822
1 653
1 673
Living cost
329
329
329
329
Free-cash
1 450
1 493
1 324
1 344

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€1218
€1223
€1547
€1266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
306
pensions
-
-
-
250
unemployment
-
-
-
38
health
-
-
-
175
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.

266
106
2 092
-
health
19
7
146
-
income
32
13
256
-
pensions
27
11
209
-
unemployment
4
2
31
-
total
82
33
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.

266
106
2 092
-
pensions
52
21
408
-
total
52
21
408
-
Corporate
2 182
2 374
-
-
income
196
214
-
-
total
196
214
-
-
Dividends
1 986
2 160
-
-
social contributions
386
420
-
-
withholding
377
410
-
-
total
763
830
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 093
1 098
1 050
769
After tax
1 407
1 402
1 450
1 731
Living cost
184
184
184
184
Free-cash
1 223
1 218
1 266
1 547

Estimated living cost  is €184 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€1755
€1692
€1095
€1196
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
-
-
-
335
pensions
-
-
-
500
health
-
-
-
325
total
-
-
-
1 160
Employee
287
-
1 868
-
income
32
-
360
-
pensions
6
-
37
-
unemployment
5
-
30
-
total
43
-
427
-
Employer
287
-
1 868
-
unemployment
2
-
15
-
pensions
58
-
374
-
health
37
-
243
-
total
97
-
632
-
Corporate
2 115
2 500
-
-
income
423
500
-
-
total
423
500
-
-
Dividends
1 692
2 000
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
563
500
1 059
1 160
After tax
1 937
2 000
1 441
1 340
Living cost
245
245
245
245
Free-cash
1 692
1 755
1 196
1 095

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-€19
€167
€1484
€1162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
3
income
-
-
-
723
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
794
Employee
349
-
2 294
-
health
40
-
263
-
income
48
-
571
-
pensions
39
-
77
-
total
127
-
911
-
Employer
349
-
2 294
-
accident
6
-
38
-
unemployment
9
-
56
-
pensions
57
-
111
-
total
72
-
205
-
Corporate
2 080
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.

1 872
2 250
-
-
total
1 872
2 250
-
-
Dividends
208
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 111
2 297
1 116
794
After tax
389
203
1 384
1 706
Living cost
222
222
222
222
Free-cash
167
-19
1 162
1 484

Estimated living cost  is €222 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€2284
€2267
€2384
€1909
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
114
-
2 500
-
income
23
-
500
-
total
23
-
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%.

2 386
2 500
-
-
total
-
-
-
-
Dividends
2 386
2 500
-
-
withholding
119
125
-
-
total
119
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
142
125
500
25
After tax
2 358
2 375
2 000
2 475
Living cost
91
91
91
91
Free-cash
2 267
2 284
1 909
2 384

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€1567
€1498
€1265
€1244
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
-
-
-
454
pensions

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

-
-
-
370
other
-
-
-
73
health
-
-
-
68
total
-
-
-
965
Employee
368
-
2 107
-
health
5
-
22
-
income
63
-
448
-
pensions

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

26
-
108
-
unemployment
4
-
15
-
total
98
-
593
-
Employer
368
-
2 107
-
accident
3
-
17
-
other
18
-
77
-
unemployment
4
-
15
-
pensions

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

63
-
262
-
health
5
-
22
-
total
93
-
393
-
Corporate
2 039
2 500
-
-
income
428
525
-
-
total
428
525
-
-
Dividends
1 611
1 975
-
-
withholding
113
138
-
-
total
113
138
-
-
Income
2 500
2 500
2 500
2 500
Total tax
732
663
986
965
After tax
1 768
1 837
1 514
1 535
Living cost
270
270
270
270
Free-cash
1 498
1 567
1 244
1 265

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
€880
€962
€924
€702
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
-
-
-
790
pensions
-
-
-
106
total
-
-
-
896
Employee
962
-
2 177
-
health
16
-
29
-
income
173
-
642
-
pensions
93
-
125
-
total
282
-
796
-
Employer
962
-
2 177
-
pensions
114
-
281
-
health
18
-
41
-
total
132
-
322
-
Corporate
1 406
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.

267
475
-
-
total
267
475
-
-
Dividends
1 139
2 025
-
-
withholding
177
465
-
-
total
177
465
-
-
Income
2 500
2 500
2 500
2 500
Total tax
858
940
1 118
896
After tax
1 642
1 560
1 382
1 604
Living cost
680
680
680
680
Free-cash
962
880
702
924

Estimated living cost  is €680 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€2005
€1958
€1898
€2004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
469
Employee
176
-
2 431
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
243
-
pensions

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

15
-
31
-
total
43
-
294
-
Employer
176
-
2 431
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
2 289
2 500
-
-
income
229
250
-
-
total
229
250
-
-
Dividends
2 060
2 250
-
-
withholding
103
112
-
-
total
103
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
409
362
363
469
After tax
2 091
2 138
2 137
2 031
Living cost
133
133
133
133
Free-cash
1 958
2 005
2 004
1 898

Estimated living cost  is €133 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
€686
€712
€768
€1035
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
-
-
-
926
pensions
-
-
-
119
health
-
-
-
125
total
-
-
-
1 170
Employee
940
865
2 312
-
health
117
113
125
-
income

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

142
142
470
-
pensions
119
119
119
-
total
378
374
714
-
Employer
940
865
2 312
-
unemployment
34
31
39
-
pensions
65
60
75
-
health
65
60
75
-
total
164
151
189
-
Corporate
1 396
1 483
-
-
income
279
297
-
-
total
279
297
-
-
Dividends
1 117
1 186
-
-
income
237
252
-
-
withholding
168
178
-
-
total
405
430
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 226
1 252
903
1 170
After tax
1 274
1 248
1 597
1 330
Living cost
562
562
562
562
Free-cash
712
686
1 035
768

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
€1478
€1392
€1256
€1142
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
-
-
-
272
health
-
-
-
337
solidarity contribution
-
-
-
43
social contributions
-
-
-
349
total
-
-
-
1 001
Employee
357
-
2 019
-
social contributions
23
-
78
-
health
48
-
273
-
solidarity contribution
-
-
33
-
income
43
-
250
-
total
114
-
634
-
Employer
357
-
2 019
-
social contributions
89
-
299
-
health
32
-
182
-
total
121
-
481
-
Corporate
2 022
2 500
-
-
income
384
475
-
-
total
384
475
-
-
Dividends
1 638
2 025
-
-
withholding
246
304
-
-
total
246
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
865
779
1 115
1 001
After tax
1 635
1 721
1 385
1 499
Living cost
243
243
243
243
Free-cash
1 392
1 478
1 142
1 256

Estimated living cost  is €243 per week

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

Source of data for Brno model

Close
Milan , Italy
€905
€853
€790
€704
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
municipal
-
-
-
16
regional
-
-
-
33
national
-
-
-
726
social contributions
-
-
-
507
total
-
-
-
1 282
Employee
901
-
2 500
-
social contributions
304
-
665
-
regional
8
-
30
-
municipal
5
-
15
-
national
156
-
658
-
total
473
-
1 368
-
Employer
901
-
2 500
-
total
-
-
-
-
Corporate
1 599
2 500
-
-
nationa
384
600
-
-
municipal
62
98
-
-
total
446
698
-
-
Dividends
1 153
1 802
-
-
withholding
300
469
-
-
total
300
469
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 219
1 167
1 368
1 282
After tax
1 281
1 333
1 132
1 218
Living cost
428
428
428
428
Free-cash
853
905
704
790

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€1348
€1317
€950
€888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
141
total
-
-
-
1 326
Employee
335
-
2 215
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
129
-
income
56
-
756
-
pensions
22
-
90
-
unemployment
23
-
94
-
total
111
-
1 103
-
Employer
335
-
2 215
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
45
-
180
-
health
15
-
62
-
total
71
-
285
-
Corporate
2 094
2 500
-
-
income
545
650
-
-
total
545
650
-
-
Dividends
1 550
1 850
-
-
withholding
232
278
-
-
total
232
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
959
928
1 388
1 326
After tax
1 541
1 572
1 112
1 174
Living cost
224
224
224
224
Free-cash
1 317
1 348
888
950

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€1095
€1162
€1139
€917
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
-
-
-
790
pensions
-
-
-
106
total
-
-
-
896
Employee
645
-
2 177
-
health
9
-
29
-
income
116
-
642
-
pensions
55
-
125
-
total
180
-
796
-
Employer
645
-
2 177
-
pensions
70
-
281
-
health
12
-
41
-
total
82
-
322
-
Corporate
1 773
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.

337
475
-
-
total
337
475
-
-
Dividends
1 436
2 025
-
-
withholding
274
465
-
-
total
274
465
-
-
Income
2 500
2 500
2 500
2 500
Total tax
873
940
1 118
896
After tax
1 627
1 560
1 382
1 604
Living cost
465
465
465
465
Free-cash
1 162
1 095
917
1 139

Estimated living cost  is €465 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
€376
€706
€1198
€1122
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
city
-
-
-
26
pensions
-
-
-
230
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
50
regional
-
-
-
147
health
-
-
-
6
national
-
-
-
77
total
-
-
-
536
Employee
896
-
2 256
-
city
10
-
24
-
regional
29
-
132
-
health
2
-
5
-
pensions
75
-
169
-
unemployment
-
-
-
-
national
4
-
63
-
total
120
-
393
-
Employer
896
-
2 256
-
other

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

18
-
45
-
unemployment
-
-
-
-
pensions
75
-
169
-
health
2
-
5
-
total
95
-
219
-
Corporate
1 499
2 500
-
-
regional
317
529
-
-
national
127
213
-
-
total
444
742
-
-
Dividends
1 054
1 759
-
-
withholding
369
616
-
-
total
369
616
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 028
1 358
612
536
After tax
1 472
1 142
1 888
1 964
Living cost
766
766
766
766
Free-cash
706
376
1 122
1 198

Estimated living cost  is €766 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
€769
€934
€720
€1068
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
trade
-
-
-
348
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.

-
-
-
852
health

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

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

-
-
-
69
surtax

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

-
-
-
47
total
-
-
-
1 316
Employee

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

609
-
2 500
-
health

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

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

69
-
69
-
surtax

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

4
-
47
-
income

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

72
-
852
-
total
145
-
968
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 891
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.

16
21
-
-
income
284
375
-
-
trade
324
429
-
-
chamber of commerce
4
5
-
-
total
628
830
-
-
Dividends
1 263
1 671
-
-
surtax

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

17
23
-
-
withholding
312
414
-
-
total
329
437
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 102
1 267
968
1 316
After tax
1 398
1 233
1 532
1 184
Living cost
464
464
464
464
Free-cash
934
769
1 068
720

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
€913
€973
€1001
€913
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
-
-
-
497
pensions
-
-
-
378
other
-
-
-
78
health
-
-
-
128
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 152
Employee
434
-
1 897
-
social contributions
12
-
54
-
surtax
-
-
-
-
income
26
-
434
-
pensions
49
-
148
-
total
87
-
636
-
Employer
434
-
1 897
-
other
15
-
81
-
social contributions
1
-
6
-
unemployment
18
-
77
-
pensions
71
-
246
-
health
30
-
194
-
total
135
-
604
-
Corporate
1 931
2 500
-
-
surtax
-
-
-
-
income
541
700
-
-
total
541
700
-
-
Dividends
1 390
1 800
-
-
surtax
-
-
-
-
social contributions
239
310
-
-
withholding
178
230
-
-
total
417
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 180
1 240
1 240
1 152
After tax
1 320
1 260
1 260
1 348
Living cost
347
347
347
347
Free-cash
973
913
913
1 001

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
€948
€1003
€1036
€948
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
-
-
-
497
pensions
-
-
-
378
other
-
-
-
78
health
-
-
-
128
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 152
Employee
387
-
1 897
-
social contributions
11
-
54
-
surtax
-
-
-
-
income
20
-
434
-
pensions
44
-
148
-
total
75
-
636
-
Employer
387
-
1 897
-
other
13
-
81
-
social contributions
1
-
6
-
unemployment
16
-
77
-
pensions
64
-
246
-
health
27
-
194
-
total
121
-
604
-
Corporate
1 992
2 500
-
-
surtax
-
-
-
-
income
558
700
-
-
total
558
700
-
-
Dividends
1 434
1 800
-
-
surtax
-
-
-
-
social contributions
247
310
-
-
withholding
184
230
-
-
total
431
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 185
1 240
1 240
1 152
After tax
1 315
1 260
1 260
1 348
Living cost
312
312
312
312
Free-cash
1 003
948
948
1 036

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€1310
€1316
€1391
€1318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
375
health
-
-
-
174
social contributions
-
-
-
345
total
-
-
-
894
Employee
344
-
2 500
-
social contributions
47
-
345
-
health
24
-
174
-
income
57
-
448
-
total
128
-
967
-
Employer
344
-
2 500
-
total
-
-
-
-
Corporate
2 156
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%.

108
125
-
-
total
108
125
-
-
Dividends
2 049
2 375
-
-
health
143
166
-
-
social contributions
283
328
-
-
withholding
307
356
-
-
total
733
850
-
-
Income
2 500
2 500
2 500
2 500
Total tax
969
975
967
894
After tax
1 531
1 525
1 533
1 606
Living cost
215
215
215
215
Free-cash
1 316
1 310
1 318
1 391

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
€1020
€1003
€920
€292
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
chamber of commerce
-
-
-
10
income
-
-
-
839
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
2
total
-
-
-
1 223
Employee
506
404
2 091
-
other
5
4
12
-
health
20
16
46
-
income
58
30
713
-
pensions
52
41
121
-
unemployment
15
12
36
-
total
150
103
928
-
Employer
506
404
2 091
-
accident
7
5
15
-
other
24
19
92
-
chamber of commerce
2
2
8
-
unemployment
15
12
36
-
surtax
2
2
2
-
pensions
64
51
149
-
payroll
15
12
63
-
health
19
15
45
-
total
148
118
410
-
Corporate
1 846
1 978
2 053
-
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.

461
494
513
-
total
461
494
513
-
Dividends
1 384
1 483
-
-
withholding
381
408
-
-
total
381
408
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 140
1 123
1 851
1 223
After tax
1 360
1 377
649
1 277
Living cost
357
357
357
357
Free-cash
1 003
1 020
292
920

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
€990
€876
€718
€470
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
-
-
-
1 024
communal

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

-
-
-
135
social contributions
-
-
-
253
total
-
-
-
1 412
Employee

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

725
-
1 936
-
communal

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

38
-
101
-
health

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

34
-
91
-
pensions

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

54
-
145
-
unemployment

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

6
-
17
-
national
223
-
742
-
total
355
-
1 096
-
Employer

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

725
-
1 936
-
accident

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

9
-
25
-
unemployment

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

11
-
28
-
surtax
82
-
220
-
pensions

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

64
-
172
-
health

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

45
-
119
-
total
211
-
564
-
Corporate
1 564
2 500
-
-
surtax
6
11
-
-
income
313
552
-
-
total
319
563
-
-
Dividends
1 245
1 937
-
-
withholding

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

370
577
-
-
total
370
577
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 255
1 140
1 660
1 412
After tax
1 245
1 360
840
1 088
Living cost
370
370
370
370
Free-cash
876
990
470
718

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
€1292
€1223
€1029
€985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
8
income
-
-
-
823
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 105
Employee
504
-
2 201
-
other
-
-
1
-
income
106
-
788
-
pensions
24
-
44
-
unemployment
8
-
15
-
total
138
-
848
-
Employer
504
-
2 201
-
accident
10
-
19
-
other
4
-
8
-
unemployment
28
-
52
-
pensions
119
-
222
-
total
161
-
301
-
Corporate
1 835
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.

275
375
-
-
total
275
375
-
-
Dividends
1 560
2 125
-
-
withholding
337
467
-
-
total
337
467
-
-
Income
2 500
2 500
2 500
2 500
Total tax
911
842
1 149
1 105
After tax
1 589
1 658
1 351
1 395
Living cost
366
366
366
366
Free-cash
1 223
1 292
985
1 029

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€845
€708
€617
€704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
20
income
-
-
-
499
pensions
-
-
-
361
health
-
-
-
169
surtax
-
-
-
125
communal
-
-
-
158
total
-
-
-
1 332
Employee
767
-
2 233
-
health
34
-
99
-
surtax
47
-
137
-
income
74
-
563
-
pensions
61
-
179
-
total
216
-
978
-
Employer
767
-
2 233
-
accident
7
-
20
-
pensions
61
-
179
-
health
23
-
68
-
total
91
-
267
-
Corporate
1 641
2 500
-
-
surtax
17
26
-
-
communal
111
169
-
-
income
246
375
-
-
total
374
570
-
-
Dividends
1 267
1 930
-
-
income
370
244
-
-
withholding
190
290
-
-
total
560
534
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 241
1 104
1 245
1 332
After tax
1 259
1 396
1 255
1 168
Living cost
551
551
551
551
Free-cash
708
845
704
617

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€1344
€1310
€946
€884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
817
pensions
-
-
-
270
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
96
surtax
-
-
-
141
total
-
-
-
1 326
Employee
341
-
2 215
-
other
-
-
-
-
health
9
-
34
-
surtax
1
-
129
-
income
57
-
756
-
pensions
23
-
90
-
unemployment
24
-
94
-
total
114
-
1 103
-
Employer
341
-
2 215
-
other
-
-
-
-
unemployment
11
-
43
-
pensions
46
-
180
-
health
16
-
62
-
total
73
-
285
-
Corporate
2 087
2 500
-
-
income
543
650
-
-
total
543
650
-
-
Dividends
1 544
1 850
-
-
withholding
232
278
-
-
total
232
278
-
-
Income
2 500
2 500
2 500
2 500
Total tax
962
928
1 388
1 326
After tax
1 538
1 572
1 112
1 174
Living cost
228
228
228
228
Free-cash
1 310
1 344
884
946

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
€1041
€1018
€938
€852
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
municipal
-
-
-
16
regional
-
-
-
40
national
-
-
-
726
social contributions
-
-
-
507
total
-
-
-
1 289
Employee
562
-
2 500
-
social contributions
190
-
665
-
regional
8
-
37
-
municipal
3
-
15
-
national
89
-
658
-
total
290
-
1 375
-
Employer
562
-
2 500
-
total
-
-
-
-
Corporate
1 938
2 500
-
-
nationa
465
600
-
-
municipal
96
124
-
-
total
561
724
-
-
Dividends
1 376
1 776
-
-
withholding
358
462
-
-
total
358
462
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 209
1 186
1 375
1 289
After tax
1 291
1 314
1 125
1 211
Living cost
273
273
273
273
Free-cash
1 018
1 041
852
938

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
€1422
€1315
€1200
€1086
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
-
-
-
272
health
-
-
-
337
solidarity contribution
-
-
-
43
social contributions
-
-
-
349
total
-
-
-
1 001
Employee
440
-
2 019
-
social contributions
29
-
78
-
health
59
-
273
-
solidarity contribution
-
-
33
-
income
53
-
250
-
total
141
-
634
-
Employer
440
-
2 019
-
social contributions
110
-
299
-
health
40
-
182
-
total
150
-
481
-
Corporate
1 911
2 500
-
-
income
363
475
-
-
total
363
475
-
-
Dividends
1 548
2 025
-
-
withholding
232
304
-
-
total
232
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
886
779
1 115
1 001
After tax
1 614
1 721
1 385
1 499
Living cost
299
299
299
299
Free-cash
1 315
1 422
1 086
1 200

Estimated living cost  is €299 per week

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

Source of data for Prague model

Close
Graz , Austria
€1055
€1051
€956
€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
chamber of commerce
-
-
-
10
income
-
-
-
839
pensions
-
-
-
219
unemployment
-
-
-
62
health
-
-
-
91
surtax
-
-
-
-
total
-
-
-
1 221
Employee
443
404
2 093
-
other
4
4
12
-
health
17
16
46
-
income
39
30
714
-
pensions
45
41
121
-
unemployment
13
12
36
-
total
118
103
929
-
Employer
443
404
2 093
-
accident
6
5
15
-
other
21
19
92
-
chamber of commerce
2
2
8
-
unemployment
13
12
36
-
surtax
-
-
-
-
pensions
56
51
149
-
payroll
13
12
63
-
health
17
15
45
-
total
128
116
408
-
Corporate
1 930
1 980
2 054
-
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.

482
495
514
-
total
482
495
514
-
Dividends
1 447
1 485
-
-
withholding
398
408
-
-
total
398
408
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 126
1 122
1 851
1 221
After tax
1 374
1 378
649
1 279
Living cost
323
323
323
323
Free-cash
1 051
1 055
326
956

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
€2233
€2206
€2333
€1858
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
178
-
2 500
-
income
36
-
500
-
total
36
-
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%.

2 322
2 500
-
-
total
-
-
-
-
Dividends
2 322
2 500
-
-
withholding
116
125
-
-
total
116
125
-
-
Income
2 500
2 500
2 500
2 500
Total tax
152
125
500
25
After tax
2 348
2 375
2 000
2 475
Living cost
142
142
142
142
Free-cash
2 206
2 233
1 858
2 333

Estimated living cost  is €142 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€1449
€1364
€865
€812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
2 500
income
-
-
-
656
pensions
-
-
-
457
unemployment
-
-
-
4
health
-
-
-
246
total
-
-
-
1 363
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
2 163
-
health
29
-
140
-
income
77
-
602
-
pensions
69
-
335
-
unemployment
1
-
3
-
total
176
-
1 080
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
2 163
-
unemployment
-
-
1
-
pensions
40
-
191
-
health
30
-
144
-
total
70
-
336
-
Corporate
1 982
2 500
-
-
income
377
475
-
-
total
377
475
-
-
Dividends
1 606
2 025
-
-
withholding
241
304
-
-
total
241
304
-
-
Income
2 500
2 500
2 500
2 500
Total tax
864
779
1 416
1 363
After tax
1 636
1 721
1 084
1 137
Living cost
272
272
272
272
Free-cash
1 364
1 449
812
865

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
€1084
€602
€1290
€1930
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
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
988
2 500
-
-
income
217
550
-
-
total
217
550
-
-
Dividends
771
1 950
-
-
income
170
429
-
-
total
170
429
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 461
979
133
772
After tax
1 039
1 521
2 367
1 728
Living cost
438
438
438
438
Free-cash
602
1 084
1 930
1 290

Estimated living cost  is €438 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
€1104
€1094
€975
€772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
income
-
-
-
338
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 207
Employee
466
-
2 020
-
social contributions
51
-
222
-
surtax
-
-
6
-
income
97
-
702
-
total
148
-
930
-
Employer
466
-
2 020
-
social contributions
111
-
480
-
total
111
-
480
-
Corporate
1 923
2 500
-
-
surtax
-
-
-
-
income
404
525
-
-
total
404
525
-
-
Dividends
1 519
1 975
-
-
withholding
425
553
-
-
total
425
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 088
1 078
1 410
1 207
After tax
1 412
1 422
1 090
1 293
Living cost
318
318
318
318
Free-cash
1 094
1 104
772
975

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
€771
€841
€859
€771
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
-
-
-
497
pensions
-
-
-
378
other
-
-
-
78
health
-
-
-
128
surtax
-
-
-
-
social contributions
-
-
-
71
total
-
-
-
1 152
Employee
635
-
1 897
-
social contributions
18
-
54
-
surtax
-
-
-
-
income
55
-
434
-
pensions
72
-
148
-
total
145
-
636
-
Employer
635
-
1 897
-
other
22
-
81
-
social contributions
2
-
6
-
unemployment
26
-
77
-
pensions
104
-
246
-
health
44
-
194
-
total
198
-
604
-
Corporate
1 667
2 500
-
-
surtax
-
-
-
-
income
467
700
-
-
total
467
700
-
-
Dividends
1 200
1 800
-
-
surtax
-
-
-
-
social contributions
206
310
-
-
withholding
154
230
-
-
total
360
540
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 170
1 240
1 240
1 152
After tax
1 330
1 260
1 260
1 348
Living cost
489
489
489
489
Free-cash
841
771
771
859

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
€1945
€1912
€1512
€1577
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
-
-
-
133
social contributions
-
-
-
550
total
-
-
-
683
Employee
326
-
2 164
-
income
-
-
141
-
social contributions
21
-
141
-
total
21
-
282
-
Employer
326
-
2 164
-
social contributions
50
-
336
-
total
50
-
336
-
Corporate
2 124
2 500
-
-
income
212
250
-
-
total
212
250
-
-
Dividends
1 911
2 250
-
-
total
-
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
283
250
618
683
After tax
2 217
2 250
1 882
1 817
Living cost
305
305
305
305
Free-cash
1 912
1 945
1 577
1 512

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
€290
€152
€945
€290
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
municipal
-
-
-
542
pensions
-
-
-
9
national
-
-
-
317
labour market
-
-
-
199
total
-
-
-
1 067
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
291
-
-
-
income
64
-
-
-
total
64
-
-
-
Dividends
227
-
-
-
withholding
74
-
-
-
total
74
-
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 860
1 722
1 722
1 067
After tax
640
778
778
1 433
Living cost
488
488
488
488
Free-cash
152
290
290
945

Estimated living cost  is €488 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-€15
€169
€1488
€1166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
3
income
-
-
-
723
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
794
Employee
343
-
2 294
-
health
39
-
263
-
income
47
-
571
-
pensions
39
-
77
-
total
125
-
911
-
Employer
343
-
2 294
-
accident
6
-
38
-
unemployment
8
-
56
-
pensions
56
-
111
-
total
70
-
205
-
Corporate
2 087
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.

1 878
2 250
-
-
total
1 878
2 250
-
-
Dividends
209
250
-
-
withholding
40
47
-
-
total
40
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 113
2 297
1 116
794
After tax
387
203
1 384
1 706
Living cost
218
218
218
218
Free-cash
169
-15
1 166
1 488

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€1129
€1165
€1120
€833
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
municipal
-
-
-
444
health
-
-
-
34
national
-
-
-
513
total
-
-
-
991
Employee
533
-
2 103
-
health
4
-
28
-
municipal
87
-
342
-
pensions
36
-
142
-
unemployment
8
-
32
-
national
9
-
337
-
total
144
-
881
-
Employer
533
-
2 103
-
accident
1
-
2
-
unemployment
3
-
14
-
pensions
92
-
365
-
health
4
-
16
-
total
100
-
397
-
Corporate
1 866
2 500
-
-
income
373
500
-
-
total
373
500
-
-
Dividends

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

1 120
1 500
-
-
national
127
212
-
-
municipal
202
270
-
-
total
329
482
-
-
Income
2 500
2 500
2 500
2 500
Total tax
946
982
1 278
991
After tax
1 554
1 518
1 222
1 509
Living cost
389
389
389
389
Free-cash
1 165
1 129
833
1 120

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€1587
€1531
€1438
€1418
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
-
-
-
599
health
-
-
-
64
social contributions
-
-
-
164
total
-
-
-
827
Employee
779
779
2 369
-
social contributions
29
65
87
-
health
6
13
40
-
income
85
72
589
-
total
120
150
716
-
Employer
779
779
2 369
-
social contributions
29
65
87
-
health
7
14
44
-
total
36
79
131
-
Corporate
2 109
1 642
-
-
income
264
205
-
-
total
264
205
-
-
Dividends
1 845
1 436
-
-
withholding
314
244
-
-
total
314
244
-
-
Income
2 500
2 500
2 500
2 500
Total tax
734
678
847
827
After tax
1 766
1 822
1 653
1 673
Living cost
235
235
235
235
Free-cash
1 531
1 587
1 418
1 438

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€1909
€1857
€1978
€1774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
2 500
income
-
-
-
260
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
361
Employee

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

233
-
2 401
-
health
20
-
82
-
income
16
-
235
-
pensions
35
-
144
-
unemployment
1
-
5
-
total
72
-
466
-
Employer

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

233
-
2 401
-
unemployment
1
-
5
-
pensions
13
-
53
-
health
10
-
41
-
total
24
-
99
-
Corporate
2 243
2 500
-
-
income
202
225
-
-
total
202
225
-
-
Dividends
2 042
2 275
-
-
withholding
184
205
-
-
total
184
205
-
-
Income
2 500
2 500
2 500
2 500
Total tax
482
430
565
361
After tax
2 018
2 070
1 935
2 139
Living cost
161
161
161
161
Free-cash
1 857
1 909
1 774
1 978

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
€1379
€1334
€1116
€1072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
8
income
-
-
-
823
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 105
Employee
375
-
2 201
-
other
-
-
1
-
income
72
-
788
-
pensions
18
-
44
-
unemployment
6
-
15
-
total
96
-
848
-
Employer
375
-
2 201
-
accident
7
-
19
-
other
3
-
8
-
unemployment
21
-
52
-
pensions
88
-
222
-
total
119
-
301
-
Corporate
2 006
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.

301
375
-
-
total
301
375
-
-
Dividends
1 705
2 125
-
-
withholding
371
467
-
-
total
371
467
-
-
Income
2 500
2 500
2 500
2 500
Total tax
887
842
1 149
1 105
After tax
1 613
1 658
1 351
1 395
Living cost
279
279
279
279
Free-cash
1 334
1 379
1 072
1 116

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
€1532
€1527
€1581
€1579
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
-
-
-
856
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
891
Employee
42
-
2 477
-
health
2
-
5
-
income
8
-
855
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
870
-
Employer
42
-
2 477
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
2 448
2 500
-
-
income
539
550
-
-
total
539
550
-
-
Dividends
1 910
1 950
-
-
withholding
382
390
-
-
total
382
390
-
-
Income
2 500
2 500
2 500
2 500
Total tax
945
940
893
891
After tax
1 555
1 560
1 607
1 609
Living cost
28
28
28
28
Free-cash
1 527
1 532
1 579
1 581

Estimated living cost  is €28 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
€1631
€1581
€1459
€1457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
2 500
income
-
-
-
583
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
866
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

264
-
2 366
-
health
14
-
39
-
income
36
-
583
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
733
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

264
-
2 366
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
2 188
2 500
-
-
income
328
375
-
-
total
328
375
-
-
Dividends
1 860
2 125
-
-
withholding
279
319
-
-
total
279
319
-
-
Income
2 500
2 500
2 500
2 500
Total tax
744
694
868
866
After tax
1 756
1 806
1 632
1 634
Living cost
175
175
175
175
Free-cash
1 581
1 631
1 457
1 459

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
€1149
€1146
€1020
€817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
2 500
income
-
-
-
338
surtax
-
-
-
-
social contributions

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

-
-
-
869
total
-
-
-
1 207
Employee
393
-
2 020
-
social contributions
43
-
222
-
surtax
-
-
6
-
income
77
-
702
-
total
120
-
930
-
Employer
393
-
2 020
-
social contributions
93
-
480
-
total
93
-
480
-
Corporate
2 013
2 500
-
-
surtax
-
-
-
-
income
423
525
-
-
total
423
525
-
-
Dividends
1 590
1 975
-
-
withholding
445
553
-
-
total
445
553
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 081
1 078
1 410
1 207
After tax
1 419
1 422
1 090
1 293
Living cost
273
273
273
273
Free-cash
1 146
1 149
817
1 020

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
€1302
€1235
€1039
€995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
8
income
-
-
-
823
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 105
Employee
489
-
2 201
-
other
-
-
1
-
income
102
-
788
-
pensions
23
-
44
-
unemployment
8
-
15
-
total
133
-
848
-
Employer
489
-
2 201
-
accident
10
-
19
-
other
4
-
8
-
unemployment
27
-
52
-
pensions
116
-
222
-
total
157
-
301
-
Corporate
1 855
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.

278
375
-
-
total
278
375
-
-
Dividends
1 576
2 125
-
-
withholding
341
467
-
-
total
341
467
-
-
Income
2 500
2 500
2 500
2 500
Total tax
909
842
1 149
1 105
After tax
1 591
1 658
1 351
1 395
Living cost
356
356
356
356
Free-cash
1 235
1 302
995
1 039

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€1964
€1902
€1857
€1963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
469
Employee
231
-
2 431
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
243
-
pensions

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

20
-
31
-
total
57
-
294
-
Employer
231
-
2 431
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
2 224
2 500
-
-
income
222
250
-
-
total
222
250
-
-
Dividends
2 001
2 250
-
-
withholding
100
112
-
-
total
100
112
-
-
Income
2 500
2 500
2 500
2 500
Total tax
424
362
363
469
After tax
2 076
2 138
2 137
2 031
Living cost
174
174
174
174
Free-cash
1 902
1 964
1 963
1 857

Estimated living cost  is €174 per week

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

Source of data for Sofia model

Close
Berlin , Germany
€894
€1030
€850
€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

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

-
-
-
2 500
trade
-
-
-
291
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.

-
-
-
852
health

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

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

-
-
-
69
surtax

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

-
-
-
47
total
-
-
-
1 259
Employee

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

504
-
2 500
-
health

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

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

69
-
69
-
surtax

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

2
-
47
-
income

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

41
-
852
-
total
112
-
968
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 996
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.

16
21
-
-
income
299
375
-
-
trade
286
359
-
-
chamber of commerce
4
5
-
-
total
605
760
-
-
Dividends
1 389
1 740
-
-
surtax

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

19
24
-
-
withholding
343
431
-
-
total
362
455
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 079
1 215
968
1 259
After tax
1 421
1 285
1 532
1 241
Living cost
391
391
391
391
Free-cash
1 030
894
1 141
850

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
€1173
€1195
€657
€657
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
-
-
-
832
social contributions
-
-
-
434
total
-
-
-
1 266
Employee
793
-
2 500
-
income
150
-
832
-
social contributions
66
-
434
-
total
216
-
1 266
-
Employer
793
-
2 500
-
total
-
-
-
-
Corporate
1 707
2 500
-
-
income
213
312
-
-
total
213
312
-
-
Dividends
1 494
2 188
-
-
withholding
299
438
-
-
total
299
438
-
-
Income
2 500
2 500
2 500
2 500
Total tax
728
750
1 266
1 266
After tax
1 772
1 750
1 234
1 234
Living cost
577
577
577
577
Free-cash
1 195
1 173
657
657

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
€1203
€1238
€1689
€1365
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
-
-
-
375
health

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

-
-
-
68
total
-
-
-
443
Employee
465
-
2 453
-
income
50
-
673
-
social contributions
47
-
47
-
total
97
-
720
-
Employer
465
-
2 453
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
1 989
2 500
-
-
income
696
875
-
-
total
696
875
-
-
Dividends
1 293
1 625
-
-
social contributions
54
54
-
-
total
54
54
-
-
Income
2 500
2 500
2 500
2 500
Total tax
894
929
767
443
After tax
1 606
1 571
1 733
2 057
Living cost
368
368
368
368
Free-cash
1 238
1 203
1 365
1 689

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€1182
€1242
€1226
€1004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
income
-
-
-
790
pensions
-
-
-
106
total
-
-
-
896
Employee
518
-
2 177
-
health
7
-
29
-
income
94
-
642
-
pensions
40
-
125
-
total
141
-
796
-
Employer
518
-
2 177
-
pensions
52
-
281
-
health
10
-
41
-
total
62
-
322
-
Corporate
1 919
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.

365
475
-
-
total
365
475
-
-
Dividends
1 555
2 025
-
-
withholding
312
465
-
-
total
312
465
-
-
Income
2 500
2 500
2 500
2 500
Total tax
880
940
1 118
896
After tax
1 620
1 560
1 382
1 604
Living cost
378
378
378
378
Free-cash
1 242
1 182
1 004
1 226

Estimated living cost  is €378 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€37
€166
€1466
€1144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
2 500
accident
-
-
-
3
income
-
-
-
723
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
794
Employee
378
-
2 294
-
health
43
-
263
-
income
52
-
571
-
pensions
43
-
77
-
total
138
-
911
-
Employer
378
-
2 294
-
accident
6
-
38
-
unemployment
9
-
56
-
pensions
61
-
111
-
total
76
-
205
-
Corporate
2 046
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.

1 841
2 250
-
-
total
1 841
2 250
-
-
Dividends
205
250
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
2 500
2 500
2 500
2 500
Total tax
2 094
2 297
1 116
794
After tax
406
203
1 384
1 706
Living cost
240
240
240
240
Free-cash
166
-37
1 144
1 466

Estimated living cost  is €240 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€1776
€1745
€1495
€1717
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
work injury
-
-
-
8
health insurance
-
-
-
120
income
-
-
-
423
pensions
-
-
-
298
unemployment
-
-
-
19
total
-
-
-
868
Employee

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

219
-
2 500
-
work injury
1
-
4
-
income
22
-
423
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 281
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%.

228
250
-
-
total
228
250
-
-
Dividends
2 053
2 250
-
-
withholding
308
337
-
-
total
308
337
-
-
Income
2 500
2 500
2 500
2 500
Total tax
618
587
646
868
After tax
1 882
1 913
1 854
1 632
Living cost
137
137
137
137
Free-cash
1 745
1 776
1 717
1 495

Estimated living cost  is €137 per week

€85
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
€913
€867
€782
€698
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
municipal
-
-
-
18
regional
-
-
-
63
national
-
-
-
726
social contributions
-
-
-
507
total
-
-
-
1 314
Employee
854
-
2 500
-
social contributions
288
-
665
-
regional
13
-
58
-
municipal
5
-
17
-
national
144
-
658
-
total
450
-
1 398
-
Employer
854
-
2 500
-
total
-
-
-
-
Corporate
1 646
2 500
-
-
nationa
395
600
-
-
municipal
79
120
-
-
total
474
720
-
-
Dividends
1 172
1 780
-
-
withholding
305
463
-
-
total
305
463
-
-
Income
2 500
2 500
2 500
2 500
Total tax
1 229
1 183
1 398
1 314
After tax
1 271
1 317
1 102
1 186
Living cost
404
404
404
404
Free-cash
867
913
698
782

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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Estimated living cost

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