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

Valencia , Spain
-€141
-€109
-€75
-€194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
40
accident
-
-
-
3
unemployment
-
-
-
2
pensions
-
-
-
85
other
-
-
-
-
total
-
-
-
130
Employee
375
-
192
-
other
-
-
-
-
income
72
-
32
-
unemployment
6
-
5
-
pensions
18
-
16
-
total
96
-
53
-
Employer
375
-
192
-
unemployment
21
-
19
-
pensions
88
-
80
-
other
3
-
3
-
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
Bratislava , Slovakia
-€93
-€107
-€50
-€161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
38
health
-
-
-
13
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
other
-
-
-
14
total
-
-
-
137
Employee
368
-
240
-
income
63
-
41
-
health
5
-
3
-
unemployment
4
-
2
-
pensions

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

26
-
17
-
total
98
-
63
-
Employer
368
-
240
-
unemployment
4
-
2
-
pensions

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

63
-
41
-
other
18
-
12
-
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
Varna , Bulgaria
€55
€42
€123
€77
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
45
health
-
-
-
35
unemployment
-
-
-
1
pensions

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

-
-
-
44
total
-
-
-
125
Employee
176
-
251
-
income
18
-
25
-
health
8
-
12
-
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
-
total
43
-
62
-
Employer
176
-
251
-
unemployment
1
-
2
-
pensions

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

19
-
28
-
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
14
-
-
total
4
14
-
-
Income
300
300
300
300
Total tax
90
44
112
125
After tax
210
256
188
175
Living cost
133
133
133
133
Free-cash
77
123
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
Nice , France
-€152
-€162
-€196
-€269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
-
social contributions
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
94
other
-
-
-
9
total
-
-
-
115
Employee
434
-
229
-
income
26
-
1
-
social contributions
12
-
6
-
surtax
-
-
-
-
pensions
49
-
26
-
total
87
-
33
-
Employer
434
-
229
-
unemployment
18
-
9
-
social contributions
1
-
1
-
pensions
71
-
38
-
other
15
-
8
-
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
Rotterdam , Netherlands
-€707
-€252
-€650
-€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
income
-
-
-
27
health
-
-
-
46
pensions
-
-
-
54
total
-
-
-
127
Employee
865
865
865
-
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
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
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
Dresden , Germany
-€85
-€85
-€153
-€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

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

-
-
-
300
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
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
trade
-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
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
-
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
-
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
-
-
-
total
81
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
trade
-
47
-
-
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.

Larnaca , Cyprus
-€78
-€5
-€164
-€91
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
385
income
-
-
-
-
social contributions
-
-
-
60
health
-
-
-
10
total
-
-
-
70
Employee
779
779
779
-
income
85
72
87
-
social contributions
29
65
23
-
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
Lisbon , Portugal
-€142
-€140
-€147
-€277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
18
social contributions

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

-
-
-
104
surtax
-
-
-
-
total
-
-
-
122
Employee
466
-
242
-
income
97
-
39
-
social contributions
51
-
27
-
surtax
-
-
-
-
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
Batumi , Georgia
€164
€221
€209
€195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
95
-
300
-
income
19
-
60
-
total
19
-
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%.

205
300
-
-
total
-
-
-
-
Dividends
205
300
-
-
withholding
10
15
-
-
total
10
15
-
-
Income
300
300
300
300
Total tax
29
15
60
3
After tax
271
285
240
297
Living cost
76
76
76
76
Free-cash
195
209
164
221

Estimated living cost  is €76 per week

€47
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€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.

Ljubljana , Slovenia
-€107
-€98
-€65
-€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

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
income
-
-
-
41
health
-
-
-
30
unemployment
-
-
-
-
pensions
-
-
-
55
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
-
income
77
-
38
-
health
29
-
17
-
unemployment
1
-
-
-
pensions
69
-
40
-
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
-
unemployment
-
-
-
-
pensions
40
-
23
-
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
Sliema , Malta
-€133
-€423
-€203
-€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

We use The Residence Programme or The Global Residence Programme.

-
-
-
300
income
-
-
-
288
health

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

-
-
-
67
total
-
-
-
355
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
355
After tax
126
165
235
-55
Living cost
368
368
368
368
Free-cash
-242
-203
-133
-423

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
Vilnius , Lithuania
-€24
-€22
-€32
-€70
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
45
social contributions
-
-
-
41
health
-
-
-
21
total
-
-
-
107
Employee
344
-
300
-
income
57
-
47
-
social contributions
47
-
41
-
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
-
-
health
9
20
-
-
social contributions
18
39
-
-
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
Prague , Czech Republic
-€126
-€133
-€71
-€248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
26
social contributions
-
-
-
88
solidarity contribution
-
-
-
-
health
-
-
-
41
total
-
-
-
155
Employee
409
-
224
-
solidarity contribution
-
-
-
-
income
49
-
27
-
social contributions
27
-
15
-
health
55
-
30
-
total
131
-
72
-
Employer
409
-
224
-
social contributions
102
-
56
-
health
37
-
20
-
total
139
-
76
-
Corporate
-
300
-
-
income
-
57
-
-
total
-
57
-
-
Dividends
-
243
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
300
300
300
300
Total tax
270
93
148
155
After tax
30
207
152
145
Living cost
278
278
278
278
Free-cash
-248
-71
-126
-133

Estimated living cost  is €278 per week

€207
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.
€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
Tbilisi , Georgia
€122
€179
€167
€144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
148
-
300
-
income
30
-
60
-
total
30
-
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%.

152
300
-
-
total
-
-
-
-
Dividends
152
300
-
-
withholding
8
15
-
-
total
8
15
-
-
Income
300
300
300
300
Total tax
38
15
60
3
After tax
262
285
240
297
Living cost
118
118
118
118
Free-cash
144
167
122
179

Estimated living cost  is €118 per week

€80
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.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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.

Paris , France
-€294
-€304
-€338
-€532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
social contributions
-
-
-
9
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
94
other
-
-
-
9
total
-
-
-
115
Employee
635
-
229
-
income
55
-
1
-
social contributions
18
-
6
-
surtax
-
-
-
-
pensions
72
-
26
-
total
145
-
33
-
Employer
635
-
229
-
unemployment
26
-
9
-
social contributions
2
-
1
-
pensions
104
-
38
-
other
22
-
8
-
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
Belgrade , Serbia
-€7
-€19
€42
-€12
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
30
health
-
-
-
31
unemployment
-
-
-
5
pensions
-
-
-
78
total
-
-
-
144
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.

263
-
254
-
income
36
-
35
-
health
14
-
13
-
unemployment
2
-
2
-
pensions
37
-
36
-
total
89
-
86
-
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.

263
-
254
-
unemployment
2
-
2
-
pensions
32
-
31
-
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
132
144
After tax
163
217
168
156
Living cost
175
175
175
175
Free-cash
-12
42
-7
-19

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.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
-€479
-€451
-€571
-€610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
-
health
-
-
-
2
city
-
-
-
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
pensions
-
-
-
28
total
-
-
-
42
Employee
830
-
263
-
regional
27
-
2
-
city
9
-
3
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
-
-
pensions
70
-
29
-
total
112
-
35
-
Employer
830
-
263
-
unemployment
-
-
-
-
pensions
70
-
29
-
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.

17
-
5
-
health
2
-
1
-
total
89
-
35
-
Corporate
-
300
-
-
regional
-
63
-
-
national
-
25
-
-
total
-
88
-
-
Dividends
-
211
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
300
300
300
300
Total tax
201
162
70
42
After tax
99
138
230
258
Living cost
709
709
709
709
Free-cash
-610
-571
-479
-451

Estimated living cost  is €709 per week

€461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
-€200
-€143
-€181
-€333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
-
health
-
-
-
-
total
-
-
-
54
Employee
533
-
252
-
health
4
-
-
-
unemployment
8
-
4
-
national
9
-
-
-
municipal
87
-
42
-
pensions
36
-
17
-
total
144
-
63
-
Employer
533
-
252
-
unemployment
3
-
2
-
pensions
92
-
44
-
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
-
-
national
-
-
-
-
municipal
-
32
-
-
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.

Brussels , Belgium
-€228
-€174
-€198
-€636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
78
social contributions
-
-
-
8
communal

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

-
-
-
18
total
-
-
-
104
Employee

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

725
-
232
-
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
-
communal

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

38
-
12
-
unemployment

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

6
-
2
-
national
223
-
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
-
total
355
-
92
-
Employer

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

725
-
232
-
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
-
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
-
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
Stockholm , Sweden
-€257
-€268
-€253
-€481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
municipal
-
-
-
64
national
-
-
-
-
health
-
-
-
19
accident
-
-
-
1
unemployment
-
-
-
-
pensions
-
-
-
32
other
-
-
-
35
total
-
-
-
151
Employee
594
-
228
-
national
-
-
-
-
municipal
177
-
68
-
total
177
-
68
-
Employer
594
-
228
-
unemployment
16
-
6
-
pensions
64
-
25
-
other
69
-
27
-
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

€276
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
Oslo , Norway
-€316
-€254
-€279
-€1296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
58
social contributions
-
-
-
34
total
-
-
-
92
Employee
663
-
65
-
income
146
-
13
-
social contributions
54
-
8
-
total
200
-
21
-
Employer
663
-
65
-
social contributions
934
-
133
-
total
934
-
133
-
Corporate
-
300
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
234
-
-
income
-
51
-
-
total
-
51
-
-
Income
300
300
300
300
Total tax
1 134
117
154
92
After tax
-834
183
146
208
Living cost
462
462
462
462
Free-cash
-1 296
-279
-316
-254

Estimated living cost  is €462 per week

€300
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.
€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.
€113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-€172
-€99
-€258
-€203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
385
income
-
-
-
-
social contributions
-
-
-
60
health
-
-
-
10
total
-
-
-
70
Employee
779
779
779
-
income
82
72
87
-
social contributions
38
65
23
-
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
Edinburgh , United Kingdom
-€160
-€138
-€145
-€269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
58
pensions
-
-
-
10
total
-
-
-
68
Employee
508
-
276
-
income
92
-
53
-
health
7
-
2
-
pensions
39
-
11
-
total
138
-
66
-
Employer
508
-
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
370
370
370
370
Free-cash
-269
-145
-160
-138

Estimated living cost  is €370 per week

€254
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.
€78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Rome , Italy
-€257
-€240
-€246
-€554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
51
social contributions
-
-
-
79
total
-
-
-
136
Employee
854
-
300
-
regional
13
-
3
-
social contributions
288
-
103
-
national
144
-
45
-
municipal
5
-
2
-
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
Gdansk , Poland
-€54
-€20
-€188
-€102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
41
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
40
other
-
-
-
4
total
-
-
-
108
Employee
333
-
249
-
income
46
-
34
-
health
38
-
29
-
pensions
38
-
28
-
total
122
-
91
-
Employer
333
-
249
-
unemployment
8
-
6
-
pensions
54
-
41
-
accident
6
-
4
-
total
68
-
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
190
276
142
108
After tax
110
24
158
192
Living cost
212
212
212
212
Free-cash
-102
-188
-54
-20

Estimated living cost  is €212 per week

€155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

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.

Berlin , Germany
-€169
-€169
-€234
-€203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
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
trade
-
-
-
-
surtax

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

-
-
-
-
total
-
-
-
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
-
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
-
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
112
-
78
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
300
-
-
chamber of commerce
-
2
-
-
income
-
45
-
-
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
-
-
trade
-
43
-
-
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.

Riga , Latvia
-€39
€12
€29
-€68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
300
microenterprise
-
-
-
45
income
-
-
-
-
social contributions

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

-
-
-
32
surtax
-
-
-
-
total
-
-
-
77
Employee
296
-
242
-
income
53
-
43
-
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
-
-
-
-
total
86
-
70
-
Employer
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.

71
-
58
-
surtax
-
-
-
-
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
Istanbul , Turkey
€29
€20
€56
€34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
46
health
-
-
-
43
pensions
-
-
-
60
total
-
-
-
149
Employee
200
-
245
-
income
39
-
49
-
health
10
-
12
-
unemployment
2
-
2
-
pensions
18
-
22
-
total
69
-
85
-
Employer
200
-
245
-
unemployment
4
-
5
-
pensions
22
-
27
-
health
19
-
23
-
total
45
-
55
-
Corporate
55
300
-
-
income
12
66
-
-
total
12
66
-
-
Dividends
43
234
-
-
withholding
9
47
-
-
total
9
47
-
-
Income
300
300
300
300
Total tax
135
113
140
149
After tax
165
187
160
151
Living cost
131
131
131
131
Free-cash
34
56
29
20

Estimated living cost  is €131 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Athens , Greece
-€62
-€54
-€39
-€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
300
income
-
-
-
43
health
-
-
-
21
unemployment
-
-
-
2
surtax
-
-
-
-
pensions
-
-
-
60
other
-
-
-
-
total
-
-
-
126
Employee
341
-
248
-
other
-
-
-
-
income
57
-
42
-
health
9
-
6
-
unemployment
24
-
17
-
surtax
1
-
-
-
pensions
23
-
17
-
total
114
-
82
-
Employer
341
-
248
-
unemployment
11
-
8
-
pensions
46
-
33
-
other
-
-
-
-
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
Graz , Austria
-€228
-€165
-€252
-€279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
-
chamber of commerce
-
-
-
1
health
-
-
-
23
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
56
total
-
-
-
142
Employee
443
404
404
-
other
4
4
2
-
income
39
30
40
-
health
17
16
9
-
unemployment
13
12
7
-
pensions
45
41
23
-
total
118
103
81
-
Employer
443
404
404
-
unemployment
13
12
7
-
chamber of commerce
2
2
2
-
pensions
56
51
28
-
payroll