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

Valencia , Spain
-€144
-€101
-€80
-€41
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
-
-
-
47
other
-
-
-
-
accident
-
-
-
3
pensions
-
-
-
99
total
-
-
-
151
Employee
375
-
242
-
unemployment
6
-
5
-
pensions
18
-
16
-
income
72
-
42
-
other
-
-
-
-
total
96
-
63
-
Employer
375
-
242
-
pensions
88
-
80
-
accident
7
-
7
-
unemployment
21
-
19
-
other
3
-
3
-
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
Bratislava , Slovakia
-€111
-€66
-€80
-€13
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
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
income
-
-
-
44
other
-
-
-
17
health
-
-
-
15
total
-
-
-
160
Employee
368
-
280
-
health
5
-
4
-
unemployment
4
-
3
-
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
-
income
63
-
48
-
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
-
unemployment
4
-
3
-
other
18
-
14
-
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
Varna , Bulgaria
€120
€89
€71
€166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
pensions

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
53
health
-
-
-
40
total
-
-
-
146
Employee
176
-
293
-
health
8
-
13
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

15
-
26
-
income
18
-
29
-
total
43
-
71
-
Employer
176
-
293
-
health
12
-
20
-
pensions

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

19
-
32
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
34
-
57
-
Corporate
139
350
-
-
income
14
35
-
-
total
14
35
-
-
Dividends
125
315
-
-
withholding
6
16
-
-
total
6
16
-
-
Income
350
350
350
350
Total tax
97
51
128
146
After tax
253
299
222
204
Living cost
133
133
133
133
Free-cash
120
166
89
71

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
-€219
-€124
-€132
-€170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
4
other
-
-
-
11
health
-
-
-
3
social contributions
-
-
-
10
pensions
-
-
-
107
surtax
-
-
-
-
total
-
-
-
135
Employee
434
-
267
-
pensions
49
-
30
-
income
26
-
5
-
social contributions
12
-
8
-
surtax
-
-
-
-
total
87
-
43
-
Employer
434
-
267
-
health
30
-
19
-
social contributions
1
-
1
-
pensions
71
-
44
-
unemployment
18
-
11
-
other
15
-
9
-
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
Rotterdam , Netherlands
-€657
-€657
-€224
-€600
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
pensions
-
-
-
63
income
-
-
-
32
health
-
-
-
54
total
-
-
-
149
Employee
865
865
865
-
health
133
113
133
-
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
-
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
Dresden , Germany
-€38
-€28
-€28
-€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

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
-
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
-
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
-
-
-
total
81
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
trade
-
55
-
-
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
-
-
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.

Larnaca , Cyprus
-€41
-€34
€45
-€114
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
-
health
6
13
5
-
income
85
72
86
-
social contributions
29
65
26
-
total
120
150
117
-
Employer
779
779
779
-
health
7
14
6
-
social contributions
29
65
26
-
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
Lisbon , Portugal
-€227
-€115
-€111
-€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

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
social contributions

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

-
-
-
122
surtax
-
-
-
-
total
-
-
-
143
Employee
466
-
283
-
income
97
-
49
-
social contributions
51
-
31
-
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
Batumi , Georgia
€242
€204
€271
€257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
3
total
-
-
-
3
Employee
95
-
350
-
income
19
-
70
-
total
19
-
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%.

255
350
-
-
total
-
-
-
-
Dividends
255
350
-
-
withholding
13
17
-
-
total
13
17
-
-
Income
350
350
350
350
Total tax
32
17
70
3
After tax
318
333
280
347
Living cost
76
76
76
76
Free-cash
242
257
204
271

Estimated living cost  is €76 per week

€47
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
-€168
-€83
-€72
-€31
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
pensions
-
-
-
64
unemployment
-
-
-
1
income
-
-
-
51
health
-
-
-
34
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
-
health
29
-
20
-
unemployment
1
-
-
-
pensions
69
-
47
-
income
77
-
47
-
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
Sliema , Malta
-€192
-€99
-€371
-€174
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.

-
-
-
65
total
-
-
-
353
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
353
After tax
176
194
269
-3
Living cost
368
368
368
368
Free-cash
-192
-174
-99
-371

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
-€21
€4
€11
-€2
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
-
health
24
-
24
-
income
57
-
59
-
social contributions
47
-
48
-
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
-
-
withholding
1
50
-
-
health
9
23
-
-
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
Prague , Czech Republic
-€209
-€106
-€113
-€44
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
-
-
-
30
health
-
-
-
47
social contributions
-
-
-
102
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
418
-
261
-
health
56
-
35
-
solidarity contribution
-
-
-
-
income
50
-
31
-
social contributions
27
-
17
-
total
133
-
83
-
Employer
418
-
261
-
health
38
-
24
-
social contributions
104
-
65
-
total
142
-
89
-
Corporate
-
350
-
-
income
-
67
-
-
total
-
67
-
-
Dividends
-
283
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
275
110
172
179
After tax
75
240
178
171
Living cost
284
284
284
284
Free-cash
-209
-44
-106
-113

Estimated living cost  is €284 per week

€211
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.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€192
€162
€229
€215
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.

-
-
-
3
total
-
-
-
3
Employee
148
-
350
-
income
30
-
70
-
total
30
-
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%.

202
350
-
-
total
-
-
-
-
Dividends
202
350
-
-
withholding
10
17
-
-
total
10
17
-
-
Income
350
350
350
350
Total tax
40
17
70
3
After tax
310
333
280
347
Living cost
118
118
118
118
Free-cash
192
215
162
229

Estimated living cost  is €118 per week

€80
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
-€482
-€266
-€274
-€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
income
-
-
-
4
other
-
-
-
11
health
-
-
-
3
social contributions
-
-
-
10
pensions
-
-
-
107
surtax
-
-
-
-
total
-
-
-
135
Employee
635
-
267
-
pensions
72
-
30
-
income
55
-
5
-
social contributions
18
-
8
-
surtax
-
-
-
-
total
145
-
43
-
Employer
635
-
267
-
health
44
-
19
-
social contributions
2
-
1
-
pensions
104
-
44
-
unemployment
26
-
11
-
other
22
-
9
-
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
Belgrade , Serbia
€27
€20
€5
€77
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
91
unemployment
-
-
-
5
income
-
-
-
38
health
-
-
-
36
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.

263
-
297
-
health
14
-
15
-
unemployment
2
-
2
-
pensions
37
-
42
-
income
36
-
43
-
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.

263
-
297
-
health
14
-
15
-
pensions
32
-
36
-
unemployment
2
-
2
-
total
48
-
53
-
Corporate
40
350
-
-
income
6
53
-
-
total
6
53
-
-
Dividends
34
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.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
-€545
-€424
-€397
-€537
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
pensions
-
-
-
32
city
-
-
-
4
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
health
-
-
-
2
regional
-
-
-
5
national
-
-
-
-
total
-
-
-
50
Employee
816
-
309
-
health
2
-
1
-
unemployment
-
-
-
-
city
9
-
3
-
pensions
69
-
31
-
regional
27
-
4
-
national
4
-
-
-
total
111
-
39
-
Employer
816
-
309
-
health
2
-
1
-
pensions
69
-
31
-
unemployment
-
-
-
-
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.

16
-
6
-
total
87
-
38
-
Corporate
-
350
-
-
regional
-
74
-
-
national
-
30
-
-
total
-
104
-
-
Dividends
-
246
-
-
withholding
-
86
-
-
total
-
86
-
-
Income
350
350
350
350
Total tax
198
190
77
50
After tax
152
160
273
300
Living cost
697
697
697
697
Free-cash
-545
-537
-424
-397

Estimated living cost  is €697 per week

€453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
-€283
-€167
-€104
-€147
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
health
-
-
-
1
national
-
-
-
1
total
-
-
-
65
Employee
533
-
294
-
health
4
-
-
-
unemployment
8
-
4
-
pensions
36
-
20
-
national
9
-
-
-
municipal
87
-
49
-
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.

Brussels , Belgium
-€586
-€208
-€152
-€170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
communal

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

-
-
-
20
social contributions
-
-
-
19
national
-
-
-
94
total
-
-
-
133
Employee

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.

34
-
13
-
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
-
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
-
national
223
-
59
-
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
Stockholm , Sweden
-€467
-€250
-€263
-€246
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
-
-
-
-
municipal
-
-
-
74
other
-
-
-
41
health
-
-
-
22
national
-
-
-
-
accident
-
-
-
1
pensions
-
-
-
38
total
-
-
-
176
Employee
622
-
266
-
national
-
-
-
-
municipal
186
-
79
-
total
186
-
79
-
Employer
622
-
266
-
health
38
-
16
-
pensions
67
-
29
-
accident
1
-
1
-
unemployment
16
-
7
-
other
72
-
31
-
total
194
-
84
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
withholding
-
82
-
-
total
-
82
-
-
Income
350
350
350
350
Total tax
380
159
163
176
After tax
-30
191
187
174
Living cost
437
437
437
437
Free-cash
-467
-246
-250
-263

Estimated living cost  is €437 per week

€289
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.
€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
Oslo , Norway
-€1315
-€289
-€240
-€269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
350
income
-
-
-
68
social contributions
-
-
-
40
total
-
-
-
108
Employee
691
-
52
-
income
152
-
10
-
social contributions
57
-
8
-
total
209
-
18
-
Employer
691
-
52
-
social contributions
974
-
139
-
total
974
-
139
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
income
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
1 183
137
157
108
After tax
-833
213
193
242
Living cost
482
482
482
482
Free-cash
-1 315
-269
-289
-240

Estimated living cost  is €482 per week

€313
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.
€118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-€153
-€128
-€49
-€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
-
-
-
385
income
-
-
-
-
health
-
-
-
10
social contributions
-
-
-
60
total
-
-
-
70
Employee
779
779
779
-
health
8
13
5
-
income
82
72
86
-
social contributions
38
65
26
-
total
128
150
117
-
Employer
779
779
779
-
health
8
14
6
-
social contributions
38
65
26
-
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
Edinburgh , United Kingdom
-€209
-€124
-€96
-€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
income
-
-
-
67
pensions
-
-
-
15
total
-
-
-
82
Employee
499
-
318
-
health
7
-
3
-
pensions
38
-
16
-
income
91
-
60
-
total
136
-
79
-
Employer
499
-
318
-
health
9
-
6
-
pensions
50
-
25
-
total
59
-
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
195
87
110
82
After tax
155
263
240
268
Living cost
364
364
364
364
Free-cash
-209
-101
-124
-96

Estimated living cost  is €364 per week

€249
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.
€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.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

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

Rome , Italy
-€504
-€231
-€210
-€220
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
regional
-
-
-
4
social contributions
-
-
-
90
national
-
-
-
60
total
-
-
-
156
Employee
854
-
350
-
social contributions
288
-
118
-
regional
13
-
4
-
national
144
-
53
-
municipal
5
-
2
-
total
450
-
177
-
Employer
854
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
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.
Adjust living cost Show details Source
Gdansk , Poland
-€64
-€34
€11
-€191
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
pensions
-
-
-
41
income
-
-
-
50
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
total
-
-
-
120
Employee
344
-
291
-
health
39
-
33
-
pensions
39
-
33
-
income
47
-
40
-
total
125
-
106
-
Employer
344
-
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
120
After tax
155
28
185
230
Living cost
219
219
219
219
Free-cash
-64
-191
-34
11

Estimated living cost  is €219 per week

€160
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.

Berlin , Germany
-€153
-€112
-€112
-€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

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
-
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
-
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
-
-
-
total
112
-
71
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
52
-
-
trade
-
50
-
-
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
-
-
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.

Riga , Latvia
-€18
-€10
€55
€69
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
-
microenterprise
-
-
-
52
social contributions

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

-
-
-
32
surtax
-
-
-
-
total
-
-
-
84
Employee
296
-
282
-
income
53
-
50
-
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
-
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
Istanbul , Turkey
€69
€56
€46
€90
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
-
-
-
55
health
-
-
-
51
pensions
-
-
-
70
total
-
-
-
176
Employee
195
-
286
-
health
10
-
14
-
unemployment
2
-
3
-
pensions
18
-
26
-
income
38
-
59
-
total
68
-
102
-
Employer
195
-
286
-
health
19
-
27
-
pensions
21
-
31
-
unemployment
4
-
6
-
total
44
-
64
-
Corporate
111
350
-
-
income
24
77
-
-
total
24
77
-
-
Dividends
86
273
-
-
withholding
17
55
-
-
total
17
55
-
-
Income
350
350
350
350
Total tax
153
132
166
176
After tax
197
218
184
174
Living cost
128
128
128
128
Free-cash
69
90
56
46

Estimated living cost  is €128 per week

€76
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.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
Athens , Greece
-€65
-€33
-€26
-€8
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
pensions
-
-
-
70
unemployment
-
-
-
2
income
-
-
-
51
other
-
-
-
-
health
-
-
-
25
surtax
-
-
-
-
total
-
-
-
148
Employee
341
-
289
-
health
9
-
7
-
unemployment
24
-
20
-
pensions
23
-
19
-
income
57
-
48
-
other
-
-
-
-
surtax
1
-
-
-
total
114
-
94
-
Employer
341
-
289
-
health
16
-
13
-
pensions
46
-
39
-
unemployment
11
-
9
-
other
-
-
-
-
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
Graz , Austria
-€229
-€200
-€128
-€202
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
pensions
-
-
-
65
chamber of commerce
-
-
-
1
unemployment
-
-
-
62
income
-
-
-
-
health
-
-
-
27
surtax
-
-
-
-
total
-
-
-
155
Employee
443
404
404
-
health
17
16
10
-
unemployment
13
12
8
-
pensions
45
41
27
-
income
39
30
37
-
other
4
4
3
-
total
118
103
85
-
Employer
443
404
404
-
health
17
15
10
-
pensions
56
51
33
-
surtax
-
-
-
-
accident
6