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
€ 350
per

Your estimated
City
free-cash

Dresden , Germany
-€128
-€38
-€28
-€28
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.

-
-
-
350
trade
-
-
-
-
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.

-
-
-
2
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.

-
-
-
-
total
-
-
-
71
Employee

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

388
-
350
-
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
-
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.

1
-
-
-
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
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
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
-
-
trade
-
55
-
-
chamber of commerce
-
2
-
-
total
-
112
-
-
Dividends
-
237
-
-
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
-
-
withholding
-
56
-
-
total
-
59
-
-
Income
350
350
350
350
Total tax
81
171
71
71
After tax
269
179
279
279
Living cost
307
307
307
307
Free-cash
-38
-128
-28
-28

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
-€579
-€315
-€312
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
-
-
-
350
municipal
-
-
-
27
national
-
-
-
42
pensions
-
-
-
42
social contributions
-
-
-
4
total
-
-
-
115
Employee
852
-
303
-
national
163
-
44
-
pensions
34
-
12
-
municipal
105
-
29
-
total
302
-
85
-
Employer
852
-
303
-
social contributions
9
-
3
-
pensions
68
-
24
-
total
77
-
27
-
Corporate
-
350
-
-
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%.

-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
379
132
112
115
After tax
-29
218
238
235
Living cost
550
550
550
550
Free-cash
-579
-332
-312
-315

Estimated living cost  is €550 per week

€374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€51
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.
€117
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
€69
-€18
€55
-€10
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.

-
-
-
350
microenterprise
-
-
-
52
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
32
total
-
-
-
84
Employee
296
-
282
-
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
-
31
-
income
53
-
50
-
surtax
-
-
-
-
total
86
-
81
-
Employer
296
-
282
-
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
-
68
-
surtax
-
-
-
-
total
71
-
68
-
Corporate
-
350
-
-
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%.

-
70
-
-
total
-
70
-
-
Dividends

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

-
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
157
70
149
84
After tax
193
280
201
266
Living cost
211
211
211
211
Free-cash
-18
69
-10
55

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
-€600
-€657
-€224
-€657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
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
-
health
60
60
60
-
pensions
60
60
60
-
unemployment
31
31
31
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
582
525
582
149
After tax
-232
-175
-232
201
Living cost
425
425
425
425
Free-cash
-657
-600
-657
-224

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
-€213
-€406
-€230
-€217
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
-
-
-
350
municipal
-
-
-
74
national
-
-
-
-
unemployment
-
-
-
-
accident
-
-
-
1
health
-
-
-
22
pensions
-
-
-
38
other
-
-
-
41
total
-
-
-
176
Employee
576
-
266
-
national
-
-
-
-
municipal
172
-
79
-
total
172
-
79
-
Employer
576
-
266
-
health
35
-
16
-
pensions
62
-
29
-
accident
1
-
1
-
other
67
-
31
-
unemployment
15
-
7
-
total
180
-
84
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
withholding
-
82
-
-
total
-
82
-
-
Income
350
350
350
350
Total tax
352
159
163
176
After tax
-2
191
187
174
Living cost
404
404
404
404
Free-cash
-406
-213
-217
-230

Estimated living cost  is €404 per week

€268
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.
€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.
€90
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
-€221
-€163
-€119
-€119
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.

-
-
-
350
trade
-
-
-
-
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.

-
-
-
2
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.

-
-
-
-
total
-
-
-
71
Employee

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

514
-
350
-
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
-
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
-
-
-
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
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
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
-
-
trade
-
58
-
-
chamber of commerce
-
2
-
-
total
-
115
-
-
Dividends
-
235
-
-
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
-
-
withholding
-
55
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
115
173
71
71
After tax
235
177
279
279
Living cost
398
398
398
398
Free-cash
-163
-221
-119
-119

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
-€208
-€153
-€49
-€128
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
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
60
total
-
-
-
70
Employee
779
779
779
-
social contributions
38
65
26
-
income
82
72
86
-
health
8
13
5
-
total
128
150
117
-
Employer
779
779
779
-
social contributions
38
65
26
-
health
8
14
6
-
total
46
79
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
174
229
149
70
After tax
176
121
201
280
Living cost
329
329
329
329
Free-cash
-153
-208
-128
-49

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
€2
€5
€44
€5
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
-
-
-
350
unemployment
-
-
-
5
income
-
-
-
43
health
-
-
-
25
pensions
-
-
-
35
total
-
-
-
108
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.

286
114
293
-
pensions
29
11
29
-
unemployment
4
2
4
-
income
35
14
36
-
health
20
8
21
-
total
88
35
90
-
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.

286
114
293
-
pensions
56
22
57
-
total
56
22
57
-
Corporate
8
214
-
-
income
1
19
-
-
total
1
19
-
-
Dividends
7
195
-
-
social contributions
1
37
-
-
withholding
1
37
-
-
total
2
74
-
-
Income
350
350
350
350
Total tax
147
150
147
108
After tax
203
200
203
242
Living cost
198
198
198
198
Free-cash
5
2
5
44

Estimated living cost  is €198 per week

€135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€35
-€35
-€35
-€19
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
-
-
-
350
income
-
-
-
24
health
-
-
-
46
pensions
-
-
-
70
total
-
-
-
140
Employee
287
-
262
-
pensions
6
-
5
-
unemployment
5
-
4
-
income
32
-
27
-
total
43
-
36
-
Employer
287
-
262
-
health
37
-
34
-
pensions
58
-
52
-
unemployment
2
-
2
-
total
97
-
88
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
140
70
124
140
After tax
210
280
226
210
Living cost
245
245
245
245
Free-cash
-35
35
-19
-35

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
-€193
-€70
€8
-€36
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
-
-
-
350
accident
-
-
-
3
income
-
-
-
50
health
-
-
-
22
pensions
-
-
-
42
other
-
-
-
4
total
-
-
-
121
Employee
348
-
291
-
pensions
39
-
33
-
income
48
-
40
-
health
40
-
33
-
total
127
-
106
-
Employer
348
-
291
-
pensions
57
-
47
-
accident
6
-
5
-
unemployment
9
-
7
-
total
72
-
59
-
Corporate
-
350
-
-
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.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
199
322
165
121
After tax
151
28
185
229
Living cost
221
221
221
221
Free-cash
-70
-193
-36
8

Estimated living cost  is €221 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€244
€228
€258
€192
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%.

-
-
-
350
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
109
-
350
-
income
22
-
70
-
total
22
-
70
-
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%.

241
350
-
-
total
-
-
-
-
Dividends
241
350
-
-
withholding
12
18
-
-
total
12
18
-
-
Income
350
350
350
350
Total tax
34
18
70
4
After tax
316
332
280
346
Living cost
88
88
88
88
Free-cash
228
244
192
258

Estimated living cost  is €88 per week

€54
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.
€24
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
-€13
-€111
-€80
-€66
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
44
health
-
-
-
15
pensions

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

-
-
-
84
other
-
-
-
17
total
-
-
-
160
Employee
368
-
280
-
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
-
20
-
unemployment
4
-
3
-
income
63
-
48
-
health
5
-
4
-
total
98
-
75
-
Employer
368
-
280
-
health
5
-
4
-
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
-
48
-
accident
3
-
2
-
other
18
-
14
-
unemployment
4
-
3
-
total
93
-
71
-
Corporate
-
350
-
-
income
-
74
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
19
-
-
total
-
19
-
-
Income
350
350
350
350
Total tax
191
93
146
160
After tax
159
257
204
190
Living cost
270
270
270
270
Free-cash
-111
-13
-66
-80

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
-€419
-€747
-€413
-€442
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
-
-
-
350
income
-
-
-
67
pensions
-
-
-
14
total
-
-
-
81
Employee
965
-
319
-
pensions
93
-
16
-
income
174
-
60
-
health
16
-
3
-
total
283
-
79
-
Employer
965
-
319
-
health
18
-
6
-
pensions
114
-
25
-
total
132
-
31
-
Corporate
-
350
-
-
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.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
415
87
110
81
After tax
-65
263
240
269
Living cost
682
682
682
682
Free-cash
-747
-419
-442
-413

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€165
€117
€71
€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
-
-
-
350
unemployment
-
-
-
1
income
-
-
-
52
health
-
-
-
40
pensions

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

-
-
-
52
total
-
-
-
145
Employee
177
-
293
-
pensions

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

16
-
26
-
income
18
-
29
-
health
8
-
13
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
44
-
71
-
Employer
177
-
293
-
health
12
-
20
-
pensions

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

20
-
32
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
35
-
57
-
Corporate
138
350
-
-
income
14
35
-
-
total
14
35
-
-
Dividends
124
315
-
-
withholding
6
16
-
-
total
6
16
-
-
Income
350
350
350
350
Total tax
99
51
128
145
After tax
251
299
222
205
Living cost
134
134
134
134
Free-cash
117
165
88
71

Estimated living cost  is €134 per week

€78
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.
€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

Source of data for Varna model

Close
Amsterdam , Netherlands
-€737
-€754
-€361
-€794
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
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
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
-
health
65
60
60
-
pensions
65
60
60
-
unemployment
34
31
31
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
542
525
582
149
After tax
-192
-175
-232
201
Living cost
562
562
562
562
Free-cash
-754
-737
-794
-361

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
-€12
-€146
-€81
-€74
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
-
-
-
350
solidarity contribution
-
-
-
-
income
-
-
-
30
health
-
-
-
47
social contributions
-
-
-
102
total
-
-
-
179
Employee
371
-
261
-
social contributions
24
-
17
-
income
44
-
31
-
solidarity contribution
-
-
-
-
health
50
-
35
-
total
118
-
83
-
Employer
371
-
261
-
social contributions
93
-
65
-
health
33
-
24
-
total
126
-
89
-
Corporate
-
350
-
-
income
-
67
-
-
total
-
67
-
-
Dividends
-
283
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
244
110
172
179
After tax
106
240
178
171
Living cost
252
252
252
252
Free-cash
-146
-12
-74
-81

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
-€242
-€551
-€233
-€254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
municipal
-
-
-
2
national
-
-
-
60
regional
-
-
-
3
social contributions
-
-
-
90
total
-
-
-
155
Employee
901
-
350
-
national
156
-
53
-
social contributions
304
-
118
-
municipal
5
-
2
-
regional
8
-
3
-
total
473
-
176
-
Employer
901
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
14
-
-
nationa
-
84
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
350
350
350
350
Total tax
473
164
176
155
After tax
-123
186
174
195
Living cost
428
428
428
428
Free-cash
-551
-242
-254
-233

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
-€4
-€56
-€22
-€29
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
-
-
-
350
unemployment
-
-
-
2
income
-
-
-
51
health
-
-
-
25
surtax
-
-
-
-
pensions
-
-
-
70
other
-
-
-
-
total
-
-
-
148
Employee
335
-
289
-
pensions
22
-
19
-
unemployment
23
-
20
-
income
56
-
48
-
other
-
-
-
-
surtax
1
-
-
-
health
9
-
7
-
total
111
-
94
-
Employer
335
-
289
-
health
15
-
13
-
pensions
45
-
39
-
other
-
-
-
-
unemployment
11
-
9
-
total
71
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
182
130
155
148
After tax
168
220
195
202
Living cost
224
224
224
224
Free-cash
-56
-4
-29
-22

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
-€203
-€378
-€197
-€226
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
-
-
-
350
income
-
-
-
67
pensions
-
-
-
14
total
-
-
-
81
Employee
647
-
319
-
pensions
55
-
16
-
income
116
-
60
-
health
9
-
3
-
total
180
-
79
-
Employer
647
-
319
-
health
12
-
6
-
pensions
70
-
25
-
total
82
-
31
-
Corporate
-
350
-
-
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.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
262
87
110
81
After tax
88
263
240
269
Living cost
466
466
466
466
Free-cash
-378
-203
-226
-197

Estimated living cost  is €466 per week

€349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€632
-€665
-€492
-€522
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
-
-
-
350
city
-
-
-
4
national
-
-
-
-
regional
-
-
-
4
health
-
-
-
3
pensions
-
-
-
32
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.

-
-
-
7
total
-
-
-
50
Employee
927
-
307
-
national
4
-
-
-
city
10
-
3
-
pensions
78
-
33
-
unemployment
-
-
-
-
health
2
-
1
-
regional
30
-
3
-
total
124
-
40
-
Employer
927
-
307
-
health
2
-
1
-
pensions
78
-
33
-
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
-
6
-
unemployment
-
-
-
-
total
99
-
40
-
Corporate
-
350
-
-
national
-
30
-
-
regional
-
74
-
-
total
-
104
-
-
Dividends
-
246
-
-
withholding
-
86
-
-
total
-
86
-
-
Income
350
350
350
350
Total tax
223
190
80
50
After tax
127
160
270
300
Living cost
792
792
792
792
Free-cash
-665
-632
-522
-492

Estimated living cost  is €792 per week

€515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€71
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.
€196
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
-€288
-€259
-€185
-€185
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.

-
-
-
350
trade
-
-
-
-
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.

-
-
-
2
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.

-
-
-
-
total
-
-
-
71
Employee

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

609
-
350
-
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
-
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.

4
-
-
-
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
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
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
-
-
trade
-
60
-
-
chamber of commerce
-
2
-
-
total
-
117
-
-
Dividends
-
233
-
-
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
-
-
withholding
-
54
-
-
total
-
57
-
-
Income
350
350
350
350
Total tax
145
174
71
71
After tax
205
176
279
279
Living cost
464
464
464
464
Free-cash
-259
-288
-185
-185

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
-€170
-€219
-€132
-€124
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
-
-
-
350
income
-
-
-
4
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
107
other
-
-
-
11
social contributions
-
-
-
10
total
-
-
-
135
Employee
434
-
267
-
pensions
49
-
30
-
social contributions
12
-
8
-
income
26
-
5
-
surtax
-
-
-
-
total
87
-
43
-
Employer
434
-
267
-
social contributions
1
-
1
-
health
30
-
19
-
pensions
71
-
44
-
other
15
-
9
-
unemployment
18
-
11
-
total
135
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
222
173
127
135
After tax
128
177
223
215
Living cost
347
347
347
347
Free-cash
-219
-170
-124
-132

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
-€135
-€158
-€97
-€89
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
-
-
-
350
income
-
-
-
4
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
107
other
-
-
-
11
social contributions
-
-
-
10
total
-
-
-
135
Employee
387
-
267
-
pensions
44
-
30
-
social contributions
11
-
8
-
income
20
-
5
-
surtax
-
-
-
-
total
75
-
43
-
Employer
387
-
267
-
social contributions
1
-
1
-
health
27
-
19
-
pensions
64
-
44
-
other
13
-
9
-
unemployment
16
-
11
-
total
121
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
196
173
127
135
After tax
154
177
223
215
Living cost
312
312
312
312
Free-cash
-158
-135
-89
-97

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
-€2
-€21
€11
€4
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
52
health
-
-
-
24
social contributions
-
-
-
48
total
-
-
-
124
Employee
344
-
350
-
social contributions
47
-
48
-
income
57
-
59
-
health
24
-
24
-
total
128
-
131
-
Employer
344
-
350
-
total
-
-
-
-
Corporate
6
350
-
-
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%.

-
18
-
-
total
-
18
-
-
Dividends
6
332
-
-
social contributions
18
46
-
-
health
9
23
-
-
withholding
1
50
-
-
total
28
119
-
-
Income
350
350
350
350
Total tax
156
137
131
124
After tax
194
213
219
226
Living cost
215
215
215
215
Free-cash
-21
-2
4
11

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
-€238
-€315
-€164
-€236
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
-
-
-
350
unemployment
-
-
-
62
income
-
-
-
-
chamber of commerce
-
-
-
1
health
-
-
-
27
surtax
-
-
-
2
pensions
-
-
-
65
total
-
-
-
157
Employee
506
404
404
-
pensions
52
41
27
-
unemployment
15
12
8
-
income
58
30
37
-
other
5
4
3
-
health
20
16
10
-
total
150
103
85
-
Employer
506
404
404
-
chamber of commerce
2
2
2
-
health
19
15
10
-
payroll
15
12
12
-
pensions
64
51
33
-
surtax
2
2
2
-
accident
7
5
3
-
other
24
19
18
-
unemployment
15
12
8
-
total
148
118
88
-
Corporate
38
38
224
-
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
56
-
total
10
10
56
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
308
231
229
157
After tax
42
119
121
193
Living cost
357
357
357
357
Free-cash
-315
-238
-236
-164

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
-€170
-€586
-€152
-€208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
national
-
-
-
94
communal

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

-
-
-
20
social contributions
-
-
-
19
total
-
-
-
133
Employee

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

725
-
271
-
national
223
-
59
-
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
-
20
-
communal

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

38
-
14
-
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
-
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
-
13
-
total
355
-
108
-
Employer

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

725
-
271
-
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
-
17
-
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
-
24
-
surtax
82
-
31
-
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
-
4
-
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
-
4
-
total
211
-
80
-
Corporate
-
350
-
-
income
-
70
-
-
surtax
-
1
-
-
total
-
71
-
-
Dividends
-
279
-
-
withholding

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

-
80
-
-
total
-
80
-
-
Income
350
350
350
350
Total tax
566
151
188
133
After tax
-216
199
162
217
Living cost
370
370
370
370
Free-cash
-586
-170
-208
-152

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
-€128
-€315
-€167
-€188
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
-
-
-
350
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
47
pensions
-
-
-
99
other
-
-
-
-
total
-
-
-
151
Employee
504
-
242
-
pensions
24
-
16
-
unemployment
8
-
5
-
income
106
-
42
-
other
-
-
-
-
total
138
-
63
-
Employer
504
-
242
-
pensions
119
-
80
-
accident
10
-
7
-
other
4
-
3
-
unemployment
28
-
19
-
total
161
-
109
-
Corporate
-
350
-
-
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.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
299
112
172
151
After tax
51
238
178
199
Living cost
366
366
366
366
Free-cash
-315
-128
-188
-167

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
-€331
-€508
-€335
-€336
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
-
-
-
350
accident
-
-
-
4
income
-
-
-
1
communal
-
-
-
-
health
-
-
-
36
surtax
-
-
-
16
pensions
-
-
-
77
total
-
-
-
134
Employee
767
-
292
-
pensions
61
-
39
-
income
74
-
1
-
surtax
47
-
16
-
health
34
-
21
-
total
216
-
77
-
Employer
767
-
292
-
health
23
-
15
-
pensions
61
-
39
-
accident
7
-
4
-
total
91
-
58
-
Corporate
-
350
-
-
income
-
52
-
-
surtax
-
4
-
-
communal
-
24
-
-
total
-
80
-
-
Dividends
-
270
-
-
income
-
9
-
-
withholding
-
41
-
-
total
-
50
-
-
Income
350
350
350
350
Total tax
307
130
135
134
After tax
43
220
215
216
Living cost
551
551
551
551
Free-cash
-508
-331
-336
-335

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
-€8
-€65
-€26
-€33
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
-
-
-
350
unemployment
-
-
-
2
income
-
-
-
51
health
-
-
-
25
surtax
-
-
-
-
pensions
-
-
-
70
other
-
-
-
-
total
-
-
-
148
Employee
341
-
289
-
pensions
23
-
19
-
unemployment
24
-
20
-
income
57
-
48
-
other
-
-
-
-
surtax
1
-
-
-
health
9
-
7
-
total
114
-
94
-
Employer
341
-
289
-
health
16
-
13
-
pensions
46
-
39
-
other
-
-
-
-
unemployment
11
-
9
-
total
73
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
187
130
155
148
After tax
163
220
195
202
Living cost
228
228
228
228
Free-cash
-65
-8
-33
-26

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
-€89
-€213
-€80
-€101
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
-
-
-
350
municipal
-
-
-
2
national
-
-
-
60
regional
-
-
-
5
social contributions
-
-
-
90
total
-
-
-
157
Employee
562
-
350
-
national
89
-
53
-
social contributions
190
-
118
-
municipal
3
-
2
-
regional
8
-
5
-
total
290
-
178
-
Employer
562
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
17
-
-
nationa
-
84
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
290
166
178
157
After tax
60
184
172
193
Living cost
273
273
273
273
Free-cash
-213
-89
-101
-80

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
-€71
-€263
-€140
-€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
-
-
-
350
solidarity contribution
-
-
-
-
income
-
-
-
30
health
-
-
-
47
social contributions
-
-
-
102
total
-
-
-
179
Employee
457
-
261
-
social contributions
30
-
17
-
income
55
-
31
-
solidarity contribution
-
-
-
-
health
62
-
35
-
total
147
-
83
-
Employer
457
-
261
-
social contributions
114
-
65
-
health
41
-
24
-
total
155
-
89
-
Corporate
-
350
-
-
income
-
67
-
-
total
-
67
-
-
Dividends
-
283
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
302
110
172
179
After tax
48
240
178
171
Living cost
311
311
311
311
Free-cash
-263
-71
-133
-140

Estimated living cost  is €311 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
-€202
-€229
-€128
-€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
-
-
-
350
unemployment
-
-
-
62
income
-
-
-
-
chamber of commerce
-
-
-
1
health
-
-
-
27
surtax
-
-
-
-
pensions
-
-
-
65
total
-
-
-
155
Employee
443
404
404
-
pensions
45
41
27
-
unemployment
13
12
8
-
income
39
30
37
-
other
4
4
3
-
health
17
16
10
-
total
118
103
85
-
Employer
443
404
404
-
chamber of commerce
2
2
2
-
health
17
15
10
-
payroll
13
12
12
-
pensions
56
51
33
-
surtax
-
-
-
-
accident
6
5
3
-
other
21
19
18
-
unemployment
13
12
8
-
total
128
116
86
-
Corporate
38
38
225
-
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
56
-
total
10
10
56
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
256
229
227
155
After tax
94
121
123
195
Living cost
323
323
323
323
Free-cash
-229
-202
-200
-128

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
€196
€171
€210
€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%.

-
-
-
350
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
171
-
350
-
income
34
-
70
-
total
34
-
70
-
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%.

179
350
-
-
total
-
-
-
-
Dividends
179
350
-
-
withholding
9
18
-
-
total
9
18
-
-
Income
350
350
350
350
Total tax
43
18
70
4
After tax
307
332
280
346
Living cost
136
136
136
136
Free-cash
171
196
144
210

Estimated living cost  is €136 per week

€92
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€34
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
-€31
-€168
-€72
-€83
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.

-
-
-
350
unemployment
-
-
-
1
income
-
-
-
51
health
-
-
-
34
pensions
-
-
-
64
total
-
-
-
150
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
-
303
-
pensions
69
-
47
-
unemployment
1
-
-
-
income
77
-
47
-
health
29
-
20
-
total
176
-
114
-
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
-
303
-
health
30
-
20
-
pensions
40
-
27
-
unemployment
-
-
-
-
total
70
-
47
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
246
109
161
150
After tax
104
241
189
200
Living cost
272
272
272
272
Free-cash
-168
-31
-83
-72

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
-€264
-€1298
-€235
-€281
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
-
-
-
350
income
-
-
-
68
social contributions
-
-
-
40
total
-
-
-
108
Employee
684
-
50
-
social contributions
56
-
8
-
income
151
-
9
-
total
207
-
17
-
Employer
684
-
50
-
social contributions
964
-
137
-
total
964
-
137
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
income
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
1 171
137
154
108
After tax
-821
213
196
242
Living cost
477
477
477
477
Free-cash
-1 298
-264
-281
-235

Estimated living cost  is €477 per week

€309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
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.
€116
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
-€119
-€227
-€111
-€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

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.

-
-
-
350
income
-
-
-
21
surtax
-
-
-
-
social contributions

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

-
-
-
122
total
-
-
-
143
Employee
466
-
283
-
social contributions
51
-
31
-
income
97
-
49
-
surtax
-
-
-
-
total
148
-
80
-
Employer
466
-
283
-
social contributions
111
-
67
-
total
111
-
67
-
Corporate
-
350
-
-
income
-
74
-
-
surtax
-
-
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
259
151
147
143
After tax
91
199
203
207
Living cost
318
318
318
318
Free-cash
-227
-119
-115
-111

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
-€312
-€482
-€274
-€266
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
-
-
-
350
income
-
-
-
4
health
-
-
-
3
surtax
-
-
-
-
pensions
-
-
-
107
other
-
-
-
11
social contributions
-
-
-
10
total
-
-
-
135
Employee
635
-
267
-
pensions
72
-
30
-
social contributions
18
-
8
-
income
55
-
5
-
surtax
-
-
-
-
total
145
-
43
-
Employer
635
-
267
-
social contributions
2
-
1
-
health
44
-
19
-
pensions
104
-
44
-
other
22
-
9
-
unemployment
26
-
11
-
total
198
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
withholding
-
32
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
343
173
127
135
After tax
7
177
223
215
Living cost
489
489
489
489
Free-cash
-482
-312
-266
-274

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
€10
-€26
-€32
-€22
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
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
77
total
-
-
-
77
Employee
326
-
303
-
social contributions
21
-
20
-
income
-
-
-
-
total
21
-
20
-
Employer
326
-
303
-
social contributions
50
-
47
-
total
50
-
47
-
Corporate
-
350
-
-
income
-
35
-
-
total
-
35
-
-
Dividends
-
315
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
71
35
67
77
After tax
279
315
283
273
Living cost
305
305
305
305
Free-cash
-26
10
-22
-32

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
-€1854
-€1854
-€245
-€1854
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
-
-
-
350
municipal
-
-
-
45
national
-
-
-
27
labour market
-
-
-
27
pensions
-
-
-
9
total
-
-
-
108
Employee
2 056
2 056
2 056
-
national
251
251
251
-
pensions
3
3
3
-
municipal
438
438
438
-
labour market
164
164
164
-
total
856
856
856
-
Employer
2 056
2 056
2 056
-
municipal
439
439
439
-
labour market
164
164
164
-
national
252
252
252
-
pensions
6
6
6
-
total
861
861
861
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
1 717
1 717
1 717
108
After tax
-1 367
-1 367
-1 367
242
Living cost
487
487
487
487
Free-cash
-1 854
-1 854
-1 854
-245

Estimated living cost  is €487 per week

€333
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
-€190
-€63
€11
-€33
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
-
-
-
350
accident
-
-
-
3
income
-
-
-
50
health
-
-
-
22
pensions
-
-
-
42
other
-
-
-
4
total
-
-
-
121
Employee
343
-
291
-
pensions
39
-
33
-
income
47
-
40
-
health
39
-
33
-
total
125
-
106
-
Employer
343
-
291
-
pensions
56
-
47
-
accident
6
-
5
-
unemployment
8
-
7
-
total
70
-
59
-
Corporate
-
350
-
-
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.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
195
322
165
121
After tax
155
28
185
229
Living cost
218
218
218
218
Free-cash
-63
-190
-33
11

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-€147
-€283
-€104
-€167
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

-
-
-
350
municipal
-
-
-
63
national
-
-
-
1
health
-
-
-
1
total
-
-
-
65
Employee
533
-
294
-
national
9
-
-
-
pensions
36
-
20
-
unemployment
8
-
4
-
municipal
87
-
49
-
health
4
-
-
-
total
144
-
73
-
Employer
533
-
294
-
health
4
-
2
-
pensions
92
-
51
-
accident
1
-
-
-
unemployment
3
-
2
-
total
100
-
55
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends

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

-
210
-
-
municipal
-
38
-
-
national
-
-
-
-
total
-
38
-
-
Income
350
350
350
350
Total tax
244
108
128
65
After tax
106
242
222
285
Living cost
389
389
389
389
Free-cash
-283
-147
-167
-104

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
-€114
-€41
€45
-€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
-
-
-
385
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
60
total
-
-
-
70
Employee
779
779
779
-
social contributions
29
65
26
-
income
85
72
86
-
health
6
13
5
-
total
120
150
117
-
Employer
779
779
779
-
social contributions
29
65
26
-
health
7
14
6
-
total
36
79
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
156
229
149
70
After tax
194
121
201
280
Living cost
235
235
235
235
Free-cash
-41
-114
-34
45

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
€128
€77
€64
€56
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
-
-
-
350
unemployment
-
-
-
-
income
-
-
-
24
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
125
Employee

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

233
-
317
-
pensions
35
-
48
-
unemployment
1
-
2
-
income
16
-
23
-
health
20
-
27
-
total
72
-
100
-
Employer

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

233
-
317
-
health
10
-
14
-
pensions
13
-
17
-
unemployment
1
-
2
-
total
24
-
33
-
Corporate
93
350
-
-
income
8
32
-
-
total
8
32
-
-
Dividends
85
318
-
-
withholding
8
29
-
-
total
8
29
-
-
Income
350
350
350
350
Total tax
112
61
133
125
After tax
238
289
217
225
Living cost
161
161
161
161
Free-cash
77
128
56
64

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
-€41
-€144
-€80
-€101
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
-
-
-
350
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
47
pensions
-
-
-
99
other
-
-
-
-
total
-
-
-
151
Employee
375
-
242
-
pensions
18
-
16
-
unemployment
6
-
5
-
income
72
-
42
-
other
-
-
-
-
total
96
-
63
-
Employer
375
-
242
-
pensions
88
-
80
-
accident
7
-
7
-
other
3
-
3
-
unemployment
21
-
19
-
total
119
-
109
-
Corporate
-
350
-
-
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.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
215
112
172
151
After tax
135
238
178
199
Living cost
279
279
279
279
Free-cash
-144
-41
-101
-80

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
€201
€199
€200
€199
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
-
-
-
350
income
-
-
-
111
health
-
-
-
9
pensions
-
-
-
13
total
-
-
-
133
Employee
26
-
336
-
pensions
2
-
6
-
unemployment
-
-
1
-
income
5
-
110
-
health
1
-
3
-
total
8
-
120
-
Employer
26
-
336
-
health
2
-
6
-
pensions
3
-
7
-
unemployment
1
-
1
-
total
6
-
14
-
Corporate
318
350
-
-
income
70
77
-
-
total
70
77
-
-
Dividends
248
273
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
350
350
350
350
Total tax
134
132
134
133
After tax
216
218
216
217
Living cost
17
17
17
17
Free-cash
199
201
199
200

Estimated living cost  is €17 per week

€10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€1
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.
€5
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
€77
€27
€5
€20
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.

-
-
-
350
unemployment
-
-
-
5
income
-
-
-
38
health
-
-
-
36
pensions
-
-
-
91
total
-
-
-
170
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
-
297
-
pensions
37
-
42
-
unemployment
2
-
2
-
income
36
-
43
-
health
14
-
15
-
total
89
-
102
-
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
-
297
-
health
14
-
15
-
pensions
32
-
36
-
unemployment
2
-
2
-
total
48
-
53
-
Corporate
39
350
-
-
income
6
53
-
-
total
6
53
-
-
Dividends
33
297
-
-
withholding
5
45
-
-
total
5
45
-
-
Income
350
350
350
350
Total tax
148
98
155
170
After tax
202
252
195
180
Living cost
175
175
175
175
Free-cash
27
77
20
5

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
-€74
-€136
-€66
-€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

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.

-
-
-
350
income
-
-
-
21
surtax
-
-
-
-
social contributions

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

-
-
-
122
total
-
-
-
143
Employee
393
-
283
-
social contributions
43
-
31
-
income
77
-
49
-
surtax
-
-
-
-
total
120
-
80
-
Employer
393
-
283
-
social contributions
93
-
67
-
total
93
-
67
-
Corporate
-
350
-
-
income
-
74
-
-
surtax
-
-
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
213
151
147
143
After tax
137
199
203
207
Living cost
273
273
273
273
Free-cash
-136
-74
-70
-66

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
-€118
-€296
-€157
-€178
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
-
-
-
350
unemployment
-
-
-
2
accident
-
-
-
3
income
-
-
-
47
pensions
-
-
-
99
other
-
-
-
-
total
-
-
-
151
Employee
489
-
242
-
pensions
23
-
16
-
unemployment
8
-
5
-
income
102
-
42
-
other
-
-
-
-
total
133
-
63
-
Employer
489
-
242
-
pensions
116
-
80
-
accident
10
-
7
-
other
4
-
3
-
unemployment
27
-
19
-
total
157
-
109
-
Corporate
-
350
-
-
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.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
290
112
172
151
After tax
60
238
178
199
Living cost
356
356
356
356
Free-cash
-296
-118
-178
-157

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
€123
€61
€29
€46
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
-
-
-
350
unemployment
-
-
-
1
income
-
-
-
52
health
-
-
-
40
pensions

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

-
-
-
52
total
-
-
-
145
Employee
232
-
293
-
pensions

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

20
-
26
-
income
23
-
29
-
health
11
-
13
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
total
57
-
71
-
Employer
232
-
293
-
health
16
-
20
-
pensions

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

26
-
32
-
accident

We are using the highest rate at 1.1%.

3
-
3
-
unemployment
1
-
2
-
total
46
-
57
-
Corporate
72
350
-
-
income
7
35
-
-
total
7
35
-
-
Dividends
65
315
-
-
withholding
3
16
-
-
total
3
16
-
-
Income
350
350
350
350
Total tax
113
51
128
145
After tax
237
299
222
205
Living cost
176
176
176
176
Free-cash
61
123
46
29

Estimated living cost  is €176 per week

€116
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
-€208
-€153
-€112
-€112
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.

-
-
-
350
trade
-
-
-
-
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.

-
-
-
2
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.

-
-
-
-
total
-
-
-
71
Employee

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

504
-
350
-
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
-
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
-
-
-
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
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
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
-
-
trade
-
50
-
-
chamber of commerce
-
2
-
-
total
-
107
-
-
Dividends
-
242
-
-
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
-
-
withholding
-
57
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
112
167
71
71
After tax
238
183
279
279
Living cost
391
391
391
391
Free-cash
-153
-208
-112
-112

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
-€332
-€443
-€278
-€278
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
-
-
-
350
income
-
-
-
38
social contributions
-
-
-
13
total
-
-
-
51
Employee
793
-
350
-
social contributions
66
-
13
-
income
150
-
38
-
total
216
-
51
-
Employer
793
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
44
-
-
total
-
44
-
-
Dividends
-
306
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
350
350
350
350
Total tax
216
105
51
51
After tax
134
245
299
299
Living cost
577
577
577
577
Free-cash
-443
-332
-278
-278

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
-€174
-€192
-€369
-€99
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.

-
-
-
350
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.

-
-
-
63
total
-
-
-
351
Employee
465
-
318
-
social contributions
47
-
32
-
income
50
-
17
-
total
97
-
49
-
Employer
465
-
318
-
social contributions
47
-
32
-
total
47
-
32
-
Corporate
-
350
-
-
income
-
122
-
-
total
-
122
-
-
Dividends
-
228
-
-
social contributions
30
34
-
-
total
30
34
-
-
Income
350
350
350
350
Total tax
174
156
81
351
After tax
176
194
269
-1
Living cost
368
368
368
368
Free-cash
-192
-174
-99
-369

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
-€116
-€234
-€110
-€139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
14
total
-
-
-
81
Employee
520
-
319
-
pensions
40
-
16
-
income
95
-
60
-
health
7
-
3
-
total
142
-
79
-
Employer
520
-
319
-
health
10
-
6
-
pensions
53
-
25
-
total
63
-
31
-
Corporate
-
350
-
-
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.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
205
87
110
81
After tax
145
263
240
269
Living cost
379
379
379
379
Free-cash
-234
-116
-139
-110

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€211
-€102
-€10
-€54
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
-
-
-
350
accident
-
-
-
3
income
-
-
-
50
health
-
-
-
22
pensions
-
-
-
42
other
-
-
-
4
total
-
-
-
121
Employee
377
-
291
-
pensions
42
-
33
-
income
52
-
40
-
health
43
-
33
-
total
137
-
106
-
Employer
377
-
291
-
pensions
61
-
47
-
accident
6
-
5
-
unemployment
9
-
7
-
total
76
-
59
-
Corporate
-
350
-
-
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.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
213
322
165
121
After tax
137
28
185
229
Living cost
239
239
239
239
Free-cash
-102
-211
-54
-10

Estimated living cost  is €239 per week

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

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€161
€111
€81
€81
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.

-
-
-
350
unemployment
-
-
-
4
health insurance
-
-
-
26
income
-
-
-
36
work injury
-
-
-
2
pensions
-
-
-
64
total
-
-
-
132
Employee

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

219
-
350
-
work injury
1
-
2
-
pensions
40
-
64
-
unemployment
3
-
4
-
income
22
-
36
-
health insurance
16
-
26
-
total
82
-
132
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
131
350
-
-
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
131
350
-
-
withholding
20
52
-
-
total
20
52
-
-
Income
350
350
350
350
Total tax
102
52
132
132
After tax
248
298
218
218
Living cost
137
137
137
137
Free-cash
111
161
81
81

Estimated living cost  is €137 per week

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

Source of data for Skopje model

Close
Rome , Italy
-€220
-€504
-€210
-€231
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
-
-
-
350
municipal
-
-
-
2
national
-
-
-
60
regional
-
-
-
4
social contributions
-
-
-
90
total
-
-
-
156
Employee
854
-
350
-
national
144
-
53
-
social contributions
288
-
118
-
municipal
5
-
2
-
regional
13
-
4
-
total
450
-
177
-
Employer
854
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
municipal
-
17
-
-
nationa
-
84
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
450
166
177
156
After tax
-100
184
173
194
Living cost
404
404
404
404
Free-cash
-504
-220
-231
-210

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.
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