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
€ 300
per

Your estimated
City
free-cash

Dresden , Germany
-€85
-€153
-€88
-€85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
300
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
9
total
-
-
-
78
Employee

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

388
-
300
-
surtax

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

1
-
-
-
income

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

11
-
9
-
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
-
total
81
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
trade
-
47
-
-
income
-
45
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
96
-
-
Dividends
-
203
-
-
withholding
-
47
-
-
surtax

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

-
3
-
-
total
-
50
-
-
Income
300
300
300
300
Total tax
81
146
78
78
After tax
219
154
222
222
Living cost
307
307
307
307
Free-cash
-88
-153
-85
-85

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
-€332
-€350
-€608
-€330
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
-
-
-
300
municipal
-
-
-
22
pensions
-
-
-
36
social contributions
-
-
-
3
national
-
-
-
34
total
-
-
-
95
Employee
832
-
259
-
municipal
103
-
23
-
national
159
-
36
-
pensions
33
-
10
-
total
295
-
69
-
Employer
832
-
259
-
pensions
67
-
21
-
social contributions
9
-
3
-
total
76
-
24
-
Corporate
-
300
-
-
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%.

-
60
-
-
total
-
60
-
-
Dividends
-
240
-
-
withholding
-
53
-
-
total
-
53
-
-
Income
300
300
300
300
Total tax
371
113
93
95
After tax
-71
187
207
205
Living cost
537
537
537
537
Free-cash
-608
-350
-330
-332

Estimated living cost  is €537 per week

€365
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.
€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.
€114
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
€12
€29
-€68
-€39
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.

-
-
-
300
surtax
-
-
-
-
social contributions

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

-
-
-
32
income
-
-
-
-
microenterprise
-
-
-
45
total
-
-
-
77
Employee
296
-
242
-
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
-
27
-
surtax
-
-
-
-
income
53
-
43
-
total
86
-
70
-
Employer
296
-
242
-
surtax
-
-
-
-
social contributions

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

71
-
58
-
total
71
-
58
-
Corporate
-
300
-
-
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%.

-
60
-
-
total
-
60
-
-
Dividends

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

-
240
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
157
60
128
77
After tax
143
240
172
223
Living cost
211
211
211
211
Free-cash
-68
29
-39
12

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
-€252
-€650
-€707
-€707
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
-
-
-
300
pensions
-
-
-
54
health
-
-
-
46
income
-
-
-
27
total
-
-
-
127
Employee
865
865
865
-
pensions
156
119
156
-
income

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

142
142
142
-
health
133
113
133
-
total
431
374
431
-
Employer
865
865
865
-
pensions
60
60
60
-
unemployment
31
31
31
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
582
525
582
127
After tax
-282
-225
-282
173
Living cost
425
425
425
425
Free-cash
-707
-650
-707
-252

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
-€268
-€253
-€481
-€257
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
-
-
-
300
municipal
-
-
-
64
pensions
-
-
-
32
health
-
-
-
19
other
-
-
-
35
unemployment
-
-
-
-
accident
-
-
-
1
national
-
-
-
-
total
-
-
-
151
Employee
595
-
228
-
municipal
177
-
68
-
national
-
-
-
-
total
177
-
68
-
Employer
595
-
228
-
pensions
64
-
25
-
other
69
-
27
-
unemployment
16
-
6
-
accident
1
-
-
-
health
37
-
14
-
total
187
-
72
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
300
300
300
300
Total tax
364
136
140
151
After tax
-64
164
160
149
Living cost
417
417
417
417
Free-cash
-481
-253
-257
-268

Estimated living cost  is €417 per week

€277
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.
€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 Stockholm model

Close
Hamburg , Germany
-€176
-€245
-€213
-€176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
300
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
9
total
-
-
-
78
Employee

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

514
-
300
-
surtax

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

2
-
-
-
income

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

44
-
9
-
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
-
total
115
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
trade
-
49
-
-
income
-
45
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
98
-
-
Dividends
-
201
-
-
withholding
-
46
-
-
surtax

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

-
3
-
-
total
-
49
-
-
Income
300
300
300
300
Total tax
115
147
78
78
After tax
185
153
222
222
Living cost
398
398
398
398
Free-cash
-213
-245
-176
-176

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
-€99
-€258
-€203
-€172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
385
health
-
-
-
10
social contributions
-
-
-
60
income
-
-
-
-
total
-
-
-
70
Employee
779
779
779
-
social contributions
38
65
23
-
income
82
72
87
-
health
8
13
5
-
total
128
150
115
-
Employer
779
779
779
-
social contributions
38
65
23
-
health
8
14
5
-
total
46
79
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
174
229
143
70
After tax
126
71
157
230
Living cost
329
329
329
329
Free-cash
-203
-258
-172
-99

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
€20
-€16
-€23
-€14
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
-
-
-
300
pensions
-
-
-
30
health
-
-
-
21
unemployment
-
-
-
5
income
-
-
-
37
total
-
-
-
93
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.

269
107
251
-
pensions
27
11
25
-
unemployment
4
2
4
-
income
33
13
31
-
health
19
8
18
-
total
83
34
78
-
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.

269
107
251
-
pensions
53
21
49
-
total
53
21
49
-
Corporate
-
172
-
-
income
-
15
-
-
total
-
15
-
-
Dividends
-
156
-
-
withholding
-
30
-
-
social contributions
-
29
-
-
total
-
59
-
-
Income
300
300
300
300
Total tax
136
129
127
93
After tax
164
171
173
207
Living cost
187
187
187
187
Free-cash
-23
-16
-14
20

Estimated living cost  is €187 per week

€127
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
-€61
-€5
-€85
-€49
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
-
-
-
300
pensions
-
-
-
60
health
-
-
-
39
income
-
-
-
17
total
-
-
-
116
Employee
287
-
224
-
pensions
6
-
4
-
unemployment
5
-
4
-
income
32
-
20
-
total
43
-
28
-
Employer
287
-
224
-
pensions
58
-
45
-
unemployment
2
-
2
-
health
37
-
29
-
total
97
-
76
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends
-
240
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
140
60
104
116
After tax
160
240
196
184
Living cost
245
245
245
245
Free-cash
-85
-5
-49
-61

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
-€40
-€203
-€130
-€69
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
-
-
-
300
pensions
-
-
-
43
health
-
-
-
22
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
41
total
-
-
-
113
Employee
357
-
249
-
pensions
40
-
28
-
income
49
-
34
-
health
41
-
29
-
total
130
-
91
-
Employer
357
-
249
-
pensions
58
-
41
-
unemployment
9
-
6
-
accident
6
-
4
-
total
73
-
51
-
Corporate
-
300
-
-
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.

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
203
276
142
113
After tax
97
24
158
187
Living cost
227
227
227
227
Free-cash
-130
-203
-69
-40

Estimated living cost  is €227 per week

€166
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.
€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 Gdansk model

Close
Batumi , Georgia
€214
€202
€186
€157
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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
103
-
300
-
income
21
-
60
-
total
21
-
60
-
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%.

197
300
-
-
total
-
-
-
-
Dividends
197
300
-
-
withholding
10
15
-
-
total
10
15
-
-
Income
300
300
300
300
Total tax
31
15
60
3
After tax
269
285
240
297
Living cost
83
83
83
83
Free-cash
186
202
157
214

Estimated living cost  is €83 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
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
-€107
-€50
-€161
-€93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
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.

-
-
-
72
health
-
-
-
13
other
-
-
-
14
income
-
-
-
38
total
-
-
-
137
Employee
368
-
240
-
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
-
17
-
unemployment
4
-
2
-
income
63
-
41
-
health
5
-
3
-
total
98
-
63
-
Employer
368
-
240
-
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
-
41
-
other
18
-
12
-
unemployment
4
-
2
-
accident
3
-
2
-
health
5
-
3
-
total
93
-
60
-
Corporate
-
300
-
-
income
-
63
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
17
-
-
total
-
17
-
-
Income
300
300
300
300
Total tax
191
80
123
137
After tax
109
220
177
163
Living cost
270
270
270
270
Free-cash
-161
-50
-93
-107

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
-€433
-€440
-€771
-€455
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
-
-
-
300
pensions
-
-
-
10
income
-
-
-
58
total
-
-
-
68
Employee
941
-
276
-
pensions
91
-
11
-
income
170
-
53
-
health
16
-
2
-
total
277
-
66
-
Employer
941
-
276
-
pensions
111
-
19
-
health
18
-
5
-
total
129
-
24
-
Corporate
-
300
-
-
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.

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
406
75
90
68
After tax
-106
225
210
232
Living cost
665
665
665
665
Free-cash
-771
-440
-455
-433

Estimated living cost  is €665 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€78
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.
€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

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
€42
€124
€77
€55
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions

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

-
-
-
44
health
-
-
-
35
unemployment
-
-
-
1
income
-
-
-
45
total
-
-
-
125
Employee
176
-
251
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

15
-
22
-
income
18
-
25
-
health
8
-
12
-
total
43
-
62
-
Employer
176
-
251
-
pensions

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

19
-
28
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
12
-
17
-
total
34
-
50
-
Corporate
90
300
-
-
income
9
30
-
-
total
9
30
-
-
Dividends
81
270
-
-
withholding
4
13
-
-
total
4
13
-
-
Income
300
300
300
300
Total tax
90
43
112
125
After tax
210
257
188
175
Living cost
133
133
133
133
Free-cash
77
124
55
42

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
-€389
-€787
-€804
-€844
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
-
-
-
300
pensions
-
-
-
54
health
-
-
-
46
income
-
-
-
27
total
-
-
-
127
Employee
940
865
865
-
pensions
119
119
156
-
income

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

142
142
142
-
health
117
113
133
-
total
378
374
431
-
Employer
940
865
865
-
pensions
65
60
60
-
unemployment
34
31
31
-
health
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
542
525
582
127
After tax
-242
-225
-282
173
Living cost
562
562
562
562
Free-cash
-804
-787
-844
-389

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
-€106
-€45
-€196
-€100
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
-
-
-
300
health
-
-
-
40
social contributions
-
-
-
88
solidarity contribution
-
-
-
-
income
-
-
-
26
total
-
-
-
154
Employee
370
-
224
-
social contributions
24
-
15
-
income
44
-
27
-
solidarity contribution
-
-
-
-
health
50
-
30
-
total
118
-
72
-
Employer
370
-
224
-
social contributions
93
-
56
-
health
33
-
20
-
total
126
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
244
93
148
154
After tax
56
207
152
146
Living cost
252
252
252
252
Free-cash
-196
-45
-100
-106

Estimated living cost  is €252 per week

€175
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.
€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.
€54
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
-€263
-€268
-€601
-€280
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
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
3
social contributions
-
-
-
79
national
-
-
-
51
total
-
-
-
135
Employee
901
-
300
-
social contributions
304
-
103
-
municipal
5
-
2
-
regional
8
-
2
-
national
156
-
45
-
total
473
-
152
-
Employer
901
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
nationa
-
72
-
-
municipal
-
12
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
473
140
152
135
After tax
-173
160
148
165
Living cost
428
428
428
428
Free-cash
-601
-268
-280
-263

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
-€50
-€35
-€106
-€58
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
-
-
-
300
pensions
-
-
-
60
health
-
-
-
21
surtax
-
-
-
-
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
43
total
-
-
-
126
Employee
335
-
248
-
surtax
1
-
-
-
pensions
22
-
17
-
other
-
-
-
-
unemployment
23
-
17
-
income
56
-
42
-
health
9
-
6
-
total
111
-
82
-
Employer
335
-
248
-
pensions
45
-
33
-
other
-
-
-
-
unemployment
11
-
8
-
health
15
-
11
-
total
71
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
182
111
134
126
After tax
118
189
166
174
Living cost
224
224
224
224
Free-cash
-106
-35
-58
-50

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
-€222
-€229
-€411
-€244
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
-
-
-
300
pensions
-
-
-
10
income
-
-
-
58
total
-
-
-
68
Employee
631
-
276
-
pensions
54
-
11
-
income
114
-
53
-
health
9
-
2
-
total
177
-
66
-
Employer
631
-
276
-
pensions
68
-
19
-
health
12
-
5
-
total
80
-
24
-
Corporate
-
300
-
-
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.

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
257
75
90
68
After tax
43
225
210
232
Living cost
454
454
454
454
Free-cash
-411
-229
-244
-222

Estimated living cost  is €454 per week

€340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.
€75
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
-€552
-€672
-€737
-€583
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
-
-
-
300
regional
-
-
-
3
city
-
-
-
3
pensions
-
-
-
28
health
-
-
-
3
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.

-
-
-
6
national
-
-
-
-
total
-
-
-
43
Employee
946
-
261
-
regional
31
-
2
-
national
4
-
-
-
pensions
80
-
31
-
unemployment
-
-
-
-
city
10
-
3
-
health
2
-
1
-
total
127
-
37
-
Employer
946
-
261
-
pensions
80
-
31
-
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.

19
-
5
-
unemployment
-
-
-
-
health
2
-
1
-
total
101
-
37
-
Corporate
-
300
-
-
regional
-
63
-
-
national
-
26
-
-
total
-
89
-
-
Dividends
-
211
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
300
300
300
300
Total tax
228
163
74
43
After tax
72
137
226
257
Living cost
809
809
809
809
Free-cash
-737
-672
-583
-552

Estimated living cost  is €809 per week

€526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€200
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
-€242
-€313
-€309
-€242
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.

-
-
-
300
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
9
total
-
-
-
78
Employee

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

609
-
300
-
surtax

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

4
-
-
-
income

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

72
-
9
-
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
-
total
145
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
trade
-
51
-
-
income
-
45
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
100
-
-
Dividends
-
199
-
-
withholding
-
46
-
-
surtax

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

-
3
-
-
total
-
49
-
-
Income
300
300
300
300
Total tax
145
149
78
78
After tax
155
151
222
222
Living cost
464
464
464
464
Free-cash
-309
-313
-242
-242

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
-€162
-€196
-€269
-€152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
94
health
-
-
-
3
surtax
-
-
-
-
other
-
-
-
9
social contributions
-
-
-
9
income
-
-
-
-
total
-
-
-
115
Employee
434
-
229
-
social contributions
12
-
6
-
surtax
-
-
-
-
pensions
49
-
26
-
income
26
-
1
-
total
87
-
33
-
Employer
434
-
229
-
pensions
71
-
38
-
social contributions
1
-
1
-
other
15
-
8
-
unemployment
18
-
9
-
health
30
-
16
-
total
135
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
222
149
105
115
After tax
78
151
195
185
Living cost
347
347
347
347
Free-cash
-269
-196
-152
-162

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
-€127
-€161
-€208
-€117
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
-
-
-
300
pensions
-
-
-
94
health
-
-
-
3
surtax
-
-
-
-
other
-
-
-
9
social contributions
-
-
-
9
income
-
-
-
-
total
-
-
-
115
Employee
387
-
229
-
social contributions
11
-
6
-
surtax
-
-
-
-
pensions
44
-
26
-
income
20
-
1
-
total
75
-
33
-
Employer
387
-
229
-
pensions
64
-
38
-
social contributions
1
-
1
-
other
13
-
8
-
unemployment
16
-
9
-
health
27
-
16
-
total
121
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
196
149
105
115
After tax
104
151
195
185
Living cost
312
312
312
312
Free-cash
-208
-161
-117
-127

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
-€22
-€32
-€70
-€24
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
-
-
-
300
health
-
-
-
21
social contributions
-
-
-
41
income
-
-
-
45
total
-
-
-
107
Employee
344
-
300
-
social contributions
47
-
41
-
income
57
-
47
-
health
24
-
21
-
total
128
-
109
-
Employer
344
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
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%.

-
15
-
-
total
-
15
-
-
Dividends
-
285
-
-
withholding
-
43
-
-
social contributions
18
39
-
-
health
9
20
-
-
total
27
102
-
-
Income
300
300
300
300
Total tax
155
117
109
107
After tax
145
183
191
193
Living cost
215
215
215
215
Free-cash
-70
-32
-24
-22

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
-€201
-€288
-€365
-€264
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
-
-
-
300
pensions
-
-
-
56
health
-
-
-
23
surtax
-
-
-
2
unemployment
-
-
-
62
income
-
-
-
-
chamber of commerce
-
-
-
1
total
-
-
-
144
Employee
506
404
404
-
pensions
52
41
23
-
other
5
4
2
-
unemployment
15
12
7
-
income
58
30
40
-
health
20
16
9
-
total
150
103
81
-
Employer
506
404
404
-
payroll
15
12
12
-
chamber of commerce
2
2
2
-
pensions
64
51
28
-
surtax
2
2
2
-
other
24
19
18
-
unemployment
15
12
7
-
accident
7
5
3
-
health
19
15
8
-
total
148
118
80
-
Corporate
38
38
183
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
46
-
total
10
10
46
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
308
231
207
144
After tax
-8
69
93
156
Living cost
357
357
357
357
Free-cash
-365
-288
-264
-201

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
-€174
-€198
-€636
-€228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
social contributions
-
-
-
8
communal

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

-
-
-
18
national
-
-
-
78
total
-
-
-
104
Employee

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

725
-
232
-
national
223
-
50
-
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
-
17
-
unemployment

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

6
-
2
-
communal

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

38
-
12
-
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
-
11
-
total
355
-
92
-
Employer

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

725
-
232
-
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
-
21
-
surtax
82
-
26
-
unemployment

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

11
-
3
-
accident

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

9
-
3
-
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
-
14
-
total
211
-
67
-
Corporate
-
300
-
-
income
-
60
-
-
surtax
-
1
-
-
total
-
61
-
-
Dividends
-
239
-
-
withholding

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

-
68
-
-
total
-
68
-
-
Income
300
300
300
300
Total tax
566
129
159
104
After tax
-266
171
141
196
Living cost
370
370
370
370
Free-cash
-636
-198
-228
-174

Estimated living cost  is €370 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
-€196
-€162
-€365
-€228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
85
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
40
total
-
-
-
130
Employee
504
-
192
-
pensions
24
-
16
-
other
-
-
-
-
unemployment
8
-
5
-
income
106
-
32
-
total
138
-
53
-
Employer
504
-
192
-
pensions
119
-
80
-
other
4
-
3
-
unemployment
28
-
19
-
accident
10
-
7
-
total
161
-
109
-
Corporate
-
300
-
-
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.

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
299
96
162
130
After tax
1
204
138
170
Living cost
366
366
366
366
Free-cash
-365
-162
-228
-196

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
-€381
-€346
-€558
-€382
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
77
health
-
-
-
36
surtax
-
-
-
13
accident
-
-
-
4
communal
-
-
-
-
income
-
-
-
-
total
-
-
-
130
Employee
767
-
242
-
surtax
47
-
13
-
pensions
61
-
39
-
income
74
-
-
-
health
34
-
21
-
total
216
-
73
-
Employer
767
-
242
-
pensions
61
-
39
-
accident
7
-
4
-
health
23
-
15
-
total
91
-
58
-
Corporate
-
300
-
-
communal
-
-
-
-
income
-
45
-
-
surtax
-
3
-
-
total
-
48
-
-
Dividends
-
252
-
-
withholding
-
38
-
-
income
-
9
-
-
total
-
47
-
-
Income
300
300
300
300
Total tax
307
95
131
130
After tax
-7
205
169
170
Living cost
551
551
551
551
Free-cash
-558
-346
-382
-381

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
-€54
-€39
-€115
-€62
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
-
-
-
300
pensions
-
-
-
60
health
-
-
-
21
surtax
-
-
-
-
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
43
total
-
-
-
126
Employee
341
-
248
-
surtax
1
-
-
-
pensions
23
-
17
-
other
-
-
-
-
unemployment
24
-
17
-
income
57
-
42
-
health
9
-
6
-
total
114
-
82
-
Employer
341
-
248
-
pensions
46
-
33
-
other
-
-
-
-
unemployment
11
-
8
-
health
16
-
11
-
total
73
-
52
-
Corporate
-
300
-
-
income
-
78
-
-
total
-
78
-
-
Dividends
-
222
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
300
300
300
300
Total tax
187
111
134
126
After tax
113
189
166
174
Living cost
228
228
228
228
Free-cash
-115
-39
-62
-54

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
-€109
-€115
-€263
-€127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
4
social contributions
-
-
-
79
national
-
-
-
51
total
-
-
-
136
Employee
562
-
300
-
social contributions
190
-
103
-
municipal
3
-
2
-
regional
8
-
4
-
national
89
-
45
-
total
290
-
154
-
Employer
562
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
nationa
-
72
-
-
municipal
-
15
-
-
total
-
87
-
-
Dividends
-
213
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
300
300
300
300
Total tax
290
142
154
136
After tax
10
158
146
164
Living cost
273
273
273
273
Free-cash
-263
-115
-127
-109

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
-€164
-€103
-€312
-€158
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
-
-
-
300
health
-
-
-
40
social contributions
-
-
-
88
solidarity contribution
-
-
-
-
income
-
-
-
26
total
-
-
-
154
Employee
456
-
224
-
social contributions
30
-
15
-
income
55
-
27
-
solidarity contribution
-
-
-
-
health
62
-
30
-
total
147
-
72
-
Employer
456
-
224
-
social contributions
114
-
56
-
health
41
-
20
-
total
155
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
302
93
148
154
After tax
-2
207
152
146
Living cost
310
310
310
310
Free-cash
-312
-103
-158
-164

Estimated living cost  is €310 per week

€231
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.
€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 Prague model

Close
Graz , Austria
-€165
-€252
-€279
-€228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
56
health
-
-
-
23
surtax
-
-
-
-
unemployment
-
-
-
62
income
-
-
-
-
chamber of commerce
-
-
-
1
total
-
-
-
142
Employee
443
404
404
-
pensions
45
41
23
-
other
4
4
2
-
unemployment
13
12
7
-
income
39
30
40
-
health
17
16
9
-
total
118
103
81
-
Employer
443
404
404
-
payroll
13
12
12
-
chamber of commerce
2
2
2
-
pensions
56
51
28
-
surtax
-
-
-
-
other
21
19
18
-
unemployment
13
12
7
-
accident
6
5
3
-
health
17
15
8
-
total
128
116
78
-
Corporate
38
38
184
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
46
-
total
10
10
46
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
256
229
205
142
After tax
44
71
95
158
Living cost
323
323
323
323
Free-cash
-279
-252
-228
-165

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
€168
€156
€132
€111
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%.

-
-
-
300
microenterprise

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

-
-
-
3
total
-
-
-
3
Employee
161
-
300
-
income
32
-
60
-
total
32
-
60
-
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%.

139
300
-
-
total
-
-
-
-
Dividends
139
300
-
-
withholding
7
15
-
-
total
7
15
-
-
Income
300
300
300
300
Total tax
39
15
60
3
After tax
261
285
240
297
Living cost
129
129
129
129
Free-cash
132
156
111
168

Estimated living cost  is €129 per week

€87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
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
-€98
-€65
-€218
-€107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
300
pensions
-
-
-
55
health
-
-
-
30
unemployment
-
-
-
-
income
-
-
-
41
total
-
-
-
126
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
-
260
-
pensions
69
-
40
-
unemployment
1
-
-
-
income
77
-
38
-
health
29
-
17
-
total
176
-
95
-
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
-
260
-
pensions
40
-
23
-
unemployment
-
-
-
-
health
30
-
17
-
total
70
-
40
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
246
93
135
126
After tax
54
207
165
174
Living cost
272
272
272
272
Free-cash
-218
-65
-107
-98

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
-€234
-€259
-€1227
-€287
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
-
-
-
300
social contributions
-
-
-
34
income
-
-
-
58
total
-
-
-
92
Employee
634
-
57
-
social contributions
52
-
7
-
income
140
-
11
-
total
192
-
18
-
Employer
634
-
57
-
social contributions
893
-
127
-
total
893
-
127
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
income
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
1 085
117
145
92
After tax
-785
183
155
208
Living cost
442
442
442
442
Free-cash
-1 227
-259
-287
-234

Estimated living cost  is €442 per week

€287
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.
€108
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
-€140
-€147
-€277
-€142
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.

-
-
-
300
surtax
-
-
-
-
social contributions

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

-
-
-
104
income
-
-
-
18
total
-
-
-
122
Employee
466
-
242
-
social contributions
51
-
27
-
surtax
-
-
-
-
income
97
-
39
-
total
148
-
66
-
Employer
466
-
242
-
social contributions
111
-
58
-
total
111
-
58
-
Corporate
-
300
-
-
income
-
63
-
-
surtax
-
-
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
259
129
124
122
After tax
41
171
176
178
Living cost
318
318
318
318
Free-cash
-277
-147
-142
-140

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
-€304
-€338
-€532
-€294
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
-
-
-
300
pensions
-
-
-
94
health
-
-
-
3
surtax
-
-
-
-
other
-
-
-
9
social contributions
-
-
-
9
income
-
-
-
-
total
-
-
-
115
Employee
635
-
229
-
social contributions
18
-
6
-
surtax
-
-
-
-
pensions
72
-
26
-
income
55
-
1
-
total
145
-
33
-
Employer
635
-
229
-
pensions
104
-
38
-
social contributions
2
-
1
-
other
22
-
8
-
unemployment
26
-
9
-
health
44
-
16
-
total
198
-
72
-
Corporate
-
300
-
-
income
-
84
-
-
surtax
-
-
-
-
total
-
84
-
-
Dividends
-
216
-
-
withholding
-
28
-
-
surtax
-
-
-
-
social contributions
-
37
-
-
total
-
65
-
-
Income
300
300
300
300
Total tax
343
149
105
115
After tax
-43
151
195
185
Living cost
489
489
489
489
Free-cash
-532
-338
-294
-304

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
-€71
-€35
-€76
-€62
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
-
-
-
300
social contributions
-
-
-
66
income
-
-
-
-
total
-
-
-
66
Employee
326
-
260
-
social contributions
21
-
17
-
income
-
-
-
-
total
21
-
17
-
Employer
326
-
260
-
social contributions
50
-
40
-
total
50
-
40
-
Corporate
-
300
-
-
income
-
30
-
-
total
-
30
-
-
Dividends
-
270
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
71
30
57
66
After tax
229
270
243
234
Living cost
305
305
305
305
Free-cash
-76
-35
-62
-71

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
-€274
-€1906
-€1906
-€1906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
34
pensions
-
-
-
9
labour market
-
-
-
23
national
-
-
-
21
total
-
-
-
87
Employee
2 058
2 058
2 058
-
municipal
438
438
438
-
national
251
251
251
-
pensions
3
3
3
-
labour market
164
164
164
-
total
856
856
856
-
Employer
2 058
2 058
2 058
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
1 718
1 718
1 718
87
After tax
-1 418
-1 418
-1 418
213
Living cost
488
488
488
488
Free-cash
-1 906
-1 906
-1 906
-274

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.
€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.
€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
-€36
-€199
-€123
-€65
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
-
-
-
300
pensions
-
-
-
43
health
-
-
-
22
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
41
total
-
-
-
113
Employee
351
-
249
-
pensions
40
-
28
-
income
48
-
34
-
health
40
-
29
-
total
128
-
91
-
Employer
351
-
249
-
pensions
57
-
41
-
unemployment
9
-
6
-
accident
6
-
4
-
total
72
-
51
-
Corporate
-
300
-
-
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.

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
200
276
142
113
After tax
100
24
158
187
Living cost
223
223
223
223
Free-cash
-123
-199
-65
-36

Estimated living cost  is €223 per week

€163
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.
€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.
€44
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
-€143
-€181
-€333
-€200
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

-
-
-
300
municipal
-
-
-
54
health
-
-
-
-
national
-
-
-
-
total
-
-
-
54
Employee
533
-
252
-
municipal
87
-
42
-
national
9
-
-
-
pensions
36
-
17
-
unemployment
8
-
4
-
health
4
-
-
-
total
144
-
63
-
Employer
533
-
252
-
pensions
92
-
44
-
unemployment
3
-
2
-
accident
1
-
-
-
health
4
-
2
-
total
100
-
48
-
Corporate
-
300
-
-
income
-
60
-
-
total
-
60
-
-
Dividends

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

-
180
-
-
municipal
-
32
-
-
national
-
-
-
-
total
-
32
-
-
Income
300
300
300
300
Total tax
244
92
111
54
After tax
56
208
189
246
Living cost
389
389
389
389
Free-cash
-333
-181
-200
-143

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
-€5
-€164
-€91
-€78
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
385
health
-
-
-
10
social contributions
-
-
-
60
income
-
-
-
-
total
-
-
-
70
Employee
779
779
779
-
social contributions
29
65
23
-
income
85
72
87
-
health
6
13
5
-
total
120
150
115
-
Employer
779
779
779
-
social contributions
29
65
23
-
health
7
14
5
-
total
36
79
28
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
300
300
300
300
Total tax
156
229
143
70
After tax
144
71
157
230
Living cost
235
235
235
235
Free-cash
-91
-164
-78
-5

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
€20
€87
€35
€27
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
-
-
-
300
pensions
-
-
-
64
health
-
-
-
37
unemployment
-
-
-
-
income
-
-
-
18
total
-
-
-
119
Employee

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

233
-
272
-
pensions
35
-
41
-
unemployment
1
-
1
-
income
16
-
19
-
health
20
-
23
-
total
72
-
84
-
Employer

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

233
-
272
-
pensions
13
-
15
-
unemployment
1
-
1
-
health
10
-
12
-
total
24
-
28
-
Corporate
43
300
-
-
income
4
27
-
-
total
4
27
-
-
Dividends
40
273
-
-
withholding
4
25
-
-
total
4
25
-
-
Income
300
300
300
300
Total tax
104
52
112
119
After tax
196
248
188
181
Living cost
161
161
161
161
Free-cash
35
87
27
20

Estimated living cost  is €161 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
-€109
-€75
-€194
-€141
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
-
-
-
300
pensions
-
-
-
85
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
40
total
-
-
-
130
Employee
375
-
192
-
pensions
18
-
16
-
other
-
-
-
-
unemployment
6
-
5
-
income
72
-
32
-
total
96
-
53
-
Employer
375
-
192
-
pensions
88
-
80
-
other
3
-
3
-
unemployment
21
-
19
-
accident
7
-
7
-
total
119
-
109
-
Corporate
-
300
-
-
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.

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
215
96
162
130
After tax
85
204
138
170
Living cost
279
279
279
279
Free-cash
-194
-75
-141
-109

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
€164
€167
€163
€162
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
-
-
-
300
pensions
-
-
-
14
health
-
-
-
10
income
-
-
-
92
total
-
-
-
116
Employee
30
-
284
-
pensions
3
-
6
-
unemployment
-
-
1
-
income
6
-
91
-
health
2
-
4
-
total
11
-
102
-
Employer
30
-
284
-
pensions
3
-
8
-
unemployment
1
-
1
-
health
3
-
7
-
total
7
-
16
-
Corporate
263
300
-
-
income
58
66
-
-
total
58
66
-
-
Dividends
205
234
-
-
withholding
41
47
-
-
total
41
47
-
-
Income
300
300
300
300
Total tax
117
113
118
116
After tax
183
187
182
184
Living cost
20
20
20
20
Free-cash
163
167
162
164

Estimated living cost  is €20 per week

€12
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.
€0
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.
€6
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
-€18
€42
-€12
-€6
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
300
pensions
-
-
-
78
health
-
-
-
31
unemployment
-
-
-
4
income
-
-
-
30
total
-
-
-
143
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
-
254
-
pensions
37
-
36
-
unemployment
2
-
2
-
income
36
-
34
-
health
14
-
13
-
total
89
-
85
-
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
-
254
-
pensions
32
-
31
-
unemployment
2
-
2
-
health
14
-
13
-
total
48
-
46
-
Corporate
-
300
-
-
income
-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
38
-
-
total
-
38
-
-
Income
300
300
300
300
Total tax
137
83
131
143
After tax
163
217
169
157
Living cost
175
175
175
175
Free-cash
-12
42
-6
-18

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
-€95
-€102
-€186
-€97
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.

-
-
-
300
surtax
-
-
-
-
social contributions

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

-
-
-
104
income
-
-
-
18
total
-
-
-
122
Employee
393
-
242
-
social contributions
43
-
27
-
surtax
-
-
-
-
income
77
-
39
-
total
120
-
66
-
Employer
393
-
242
-
social contributions
93
-
58
-
total
93
-
58
-
Corporate
-
300
-
-
income
-
63
-
-
surtax
-
-
-
-
total
-
63
-
-
Dividends
-
237
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
300
300
300
300
Total tax
213
129
124
122
After tax
87
171
176
178
Living cost
273
273
273
273
Free-cash
-186
-102
-97
-95

Estimated living cost  is €273 per week

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

Source of data for Porto model

Close
Madrid , Spain
-€186
-€152
-€346
-€218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
85
other
-
-
-
-
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
40
total
-
-
-
130
Employee
489
-
192
-
pensions
23
-
16
-
other
-
-
-
-
unemployment
8
-
5
-
income
102
-
32
-
total
133
-
53
-
Employer
489
-
192
-
pensions
116
-
80
-
other
4
-
3
-
unemployment
27
-
19
-
accident
10
-
7
-
total
157
-
109
-
Corporate
-
300
-
-
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.

-
45
-
-
total
-
45
-
-
Dividends
-
255
-
-
withholding
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
290
96
162
130
After tax
10
204
138
170
Living cost
356
356
356
356
Free-cash
-346
-152
-218
-186

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
€1
€83
€21
€14
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
-
-
-
300
pensions

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

-
-
-
44
health
-
-
-
35
unemployment
-
-
-
1
income
-
-
-
45
total
-
-
-
125
Employee
231
-
251
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
pensions

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

20
-
22
-
income
23
-
25
-
health
11
-
12
-
total
57
-
62
-
Employer
231
-
251
-
pensions

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

25
-
28
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
health
16
-
17
-
total
45
-
50
-
Corporate
24
300
-
-
income
2
30
-
-
total
2
30
-
-
Dividends
21
270
-
-
withholding
1
13
-
-
total
1
13
-
-
Income
300
300
300
300
Total tax
105
43
112
125
After tax
195
257
188
175
Living cost
174
174
174
174
Free-cash
21
83
14
1

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
-€169
-€234
-€203
-€169
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.

-
-
-
300
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
9
total
-
-
-
78
Employee

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

504
-
300
-
surtax

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

2
-
-
-
income

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

41
-
9
-
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
-
total
112
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
trade
-
43
-
-
income
-
45
-
-
chamber of commerce
-
2
-
-
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
-
-
total
-
92
-
-
Dividends
-
207
-
-
withholding
-
48
-
-
surtax

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

-
3
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
112
143
78
78
After tax
188
157
222
222
Living cost
391
391
391
391
Free-cash
-203
-234
-169
-169

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
-€314
-€367
-€493
-€314
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
-
-
-
300
social contributions
-
-
-
9
income
-
-
-
28
total
-
-
-
37
Employee
793
-
300
-
social contributions
66
-
9
-
income
150
-
28
-
total
216
-
37
-
Employer
793
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
income
-
38
-
-
total
-
38
-
-
Dividends
-
262
-
-
withholding
-
52
-
-
total
-
52
-
-
Income
300
300
300
300
Total tax
216
90
37
37
After tax
84
210
263
263
Living cost
577
577
577
577
Free-cash
-493
-367
-314
-314

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
-€418
-€203
-€242
-€133
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.

-
-
-
300
health

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

-
-
-
62
income
-
-
-
288
total
-
-
-
350
Employee
465
-
273
-
social contributions
47
-
27
-
income
50
-
11
-
total
97
-
38
-
Employer
465
-
273
-
social contributions
47
-
27
-
total
47
-
27
-
Corporate
-
300
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
195
-
-
social contributions
30
30
-
-
total
30
30
-
-
Income
300
300
300
300
Total tax
174
135
65
350
After tax
126
165
235
-50
Living cost
368
368
368
368
Free-cash
-242
-203
-133
-418

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
-€137
-€144
-€268
-€159
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
-
-
-
300
pensions
-
-
-
10
income
-
-
-
58
total
-
-
-
68
Employee
507
-
276
-
pensions
39
-
11
-
income
92
-
53
-
health
7
-
2
-
total
138
-
66
-
Employer
507
-
276
-
pensions
51
-
19
-
health
10
-
5
-
total
61
-
24
-
Corporate
-
300
-
-
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.

-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
18
-
-
total
-
18
-
-
Income
300
300
300
300
Total tax
199
75
90
68
After tax
101
225
210
232
Living cost
369
369
369
369
Free-cash
-268
-144
-159
-137

Estimated living cost  is €369 per week

€253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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 Edinburgh model

Close
Warsaw , Poland
-€59
-€222
-€164
-€88
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
pensions
-
-
-
43
health
-
-
-
22
other
-
-
-
4
accident
-
-
-
3
income
-
-
-
41
total
-
-
-
113
Employee
386
-
249
-
pensions
43
-
28
-
income
53
-
34
-
health
44
-
29
-
total
140
-
91
-
Employer
386
-
249
-
pensions
63
-
41
-
unemployment
9
-
6
-
accident
6
-
4
-
total
78
-
51
-
Corporate
-
300
-
-
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.

-
270
-
-
total
-
270
-
-
Dividends
-
30
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
300
300
300
300
Total tax
218
276
142
113
After tax
82
24
158
187
Living cost
246
246
246
246
Free-cash
-164
-222
-88
-59

Estimated living cost  is €246 per week

€180
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.
€46
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
€51
€118
€69
€51
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.

-
-
-
300
pensions
-
-
-
55
health insurance
-
-
-
22
work injury
-
-
-
1
unemployment
-
-
-
4
income
-
-
-
30
total
-
-
-
112
Employee

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

219
-
300
-
pensions
40
-
55
-
health insurance
16
-
22
-
unemployment
3
-
4
-
income
22
-
30
-
work injury
1
-
1
-
total
82
-
112
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
81
300
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
81
300
-
-
withholding
12
45
-
-
total
12
45
-
-
Income
300
300
300
300
Total tax
94
45
112
112
After tax
206
255
188
188
Living cost
137
137
137
137
Free-cash
69
118
51
51

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.
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Source of data for Skopje model

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Rome , Italy
-€240
-€246
-€554
-€257
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
-
-
-
300
municipal
-
-
-
2
regional
-
-
-
4
social contributions
-
-
-
79
national
-
-
-
51
total
-
-
-
136
Employee
854
-
300
-
social contributions
288
-
103
-
municipal
5
-
2
-
regional
13
-
3
-
national
144
-
45
-
total
450
-
153
-
Employer
854
-
300
-
total
-
-
-
-
Corporate
-
300
-
-
nationa
-
72
-
-
municipal
-
14
-
-
total
-
86
-
-
Dividends
-
214
-
-
withholding
-
56
-
-
total
-
56
-
-
Income
300
300
300
300
Total tax
450
142
153
136
After tax
-150
158
147
164
Living cost
404
404
404
404
Free-cash
-554
-246
-257
-240

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

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Estimated living cost

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Source

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