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
€ 4000
per

Your estimated
City
free-cash

Dresden , Germany
€1254
€694
€1178
€1562
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.

-
-
-
4 000
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.

-
-
-
300
trade
-
-
-
308
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.

-
-
-
42
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.

-
-
-
766
total
-
-
-
1 416
Employee

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

1 680
-
4 000
-
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.

300
-
300
-
surtax

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

3
-
42
-
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.

47
-
766
-
total
350
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 320
4 000
-
-
trade
366
630
-
-
chamber of commerce
10
12
-
-
surtax

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

19
33
-
-
income
348
600
-
-
total
743
1 275
-
-
Dividends
1 578
2 725
-
-
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.

21
37
-
-
withholding
378
664
-
-
total
399
701
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 492
1 976
1 108
1 416
After tax
2 508
2 024
2 892
2 584
Living cost
1 330
1 330
1 330
1 330
Free-cash
1 178
694
1 562
1 254

Estimated living cost  is €1330 per month

€837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€314
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
€108
€170
€68
€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
-
-
-
4 000
municipal
-
-
-
409
social contributions
-
-
-
43
national
-
-
-
634
pensions
-
-
-
480
total
-
-
-
1 566
Employee
3 605
-
3 458
-
pensions
144
-
138
-
national
690
-
658
-
municipal
445
-
425
-
total
1 279
-
1 221
-
Employer
3 605
-
3 458
-
pensions
288
-
277
-
social contributions
39
-
37
-
total
327
-
314
-
Corporate
-
4 000
-
-
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%.

-
800
-
-
total
-
800
-
-
Dividends
-
3 200
-
-
withholding
-
704
-
-
total
-
704
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 606
1 504
1 535
1 566
After tax
2 394
2 496
2 465
2 434
Living cost
2 326
2 326
2 326
2 326
Free-cash
68
170
139
108

Estimated living cost  is €2326 per month

€1581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€216
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€35
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.
€494
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
€1226
€2286
€1926
€1345
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.

-
-
-
4 000
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.

-
-
-
1 286
income
-
-
-
574
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
1 860
Employee
1 283
-
3 224
-
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.

141
-
355
-
income
228
-
610
-
total
369
-
965
-
Employer
1 283
-
3 224
-
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.

309
-
776
-
total
309
-
776
-
Corporate
2 408
4 000
-
-
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%.

482
800
-
-
total
482
800
-
-
Dividends

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

1 926
3 200
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 160
800
1 741
1 860
After tax
2 840
3 200
2 259
2 140
Living cost
914
914
914
914
Free-cash
1 926
2 286
1 345
1 226

Estimated living cost  is €914 per month

€583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€87
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€223
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
€433
-€115
-€362
-€362
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
-
-
-
4 000
health
-
-
-
504
pensions
-
-
-
514
income
-
-
-
709
total
-
-
-
1 727
Employee
3 750
3 750
3 750
-
health
576
490
576
-
pensions
675
514
675
-
income

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

614
614
614
-
total
1 865
1 618
1 865
-
Employer
3 750
3 750
3 750
-
health
261
261
261
-
pensions
261
261
261
-
unemployment
135
135
135
-
total
657
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 522
2 275
2 522
1 727
After tax
1 478
1 725
1 478
2 273
Living cost
1 840
1 840
1 840
1 840
Free-cash
-362
-115
-362
433

Estimated living cost  is €1840 per month

€1304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€341
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
€155
€345
€305
€297
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
-
-
-
4 000
health
-
-
-
250
accident
-
-
-
8
other
-
-
-
465
municipal
-
-
-
847
pensions
-
-
-
432
national
-
-
-
-
unemployment
-
-
-
4
total
-
-
-
2 006
Employee
2 620
-
3 044
-
national
-
-
-
-
municipal
781
-
908
-
total
781
-
908
-
Employer
2 620
-
3 044
-
health
161
-
187
-
accident
5
-
6
-
pensions
283
-
329
-
other
304
-
354
-
unemployment
69
-
80
-
total
822
-
956
-
Corporate
557
4 000
-
-
income
123
880
-
-
total
123
880
-
-
Dividends
434
3 120
-
-
withholding
130
936
-
-
total
130
936
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 856
1 816
1 864
2 006
After tax
2 144
2 184
2 136
1 994
Living cost
1 839
1 839
1 839
1 839
Free-cash
305
345
297
155

Estimated living cost  is €1839 per month

€1219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€180
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€412
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
€845
€278
€895
€1167
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.

-
-
-
4 000
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.

-
-
-
300
trade
-
-
-
322
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.

-
-
-
42
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.

-
-
-
766
total
-
-
-
1 430
Employee

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

2 227
-
4 000
-
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.

300
-
300
-
surtax

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

10
-
42
-
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.

191
-
766
-
total
501
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 773
4 000
-
-
trade
292
658
-
-
chamber of commerce
9
12
-
-
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.

15
33
-
-
income
266
600
-
-
total
582
1 303
-
-
Dividends
1 192
2 697
-
-
surtax

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

16
36
-
-
withholding
281
658
-
-
total
297
694
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 380
1 997
1 108
1 430
After tax
2 620
2 003
2 892
2 570
Living cost
1 725
1 725
1 725
1 725
Free-cash
895
278
1 167
845

Estimated living cost  is €1725 per month

€1154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€364
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
€1467
€1507
€1323
€1464
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
-
-
-
4 000
health
-
-
-
102
social contributions
-
-
-
624
income
-
-
-
383
total
-
-
-
1 109
Employee
3 377
3 377
3 631
-
health
34
57
62
-
social contributions
164
280
301
-
income
355
313
381
-
total
553
650
744
-
Employer
3 377
3 377
3 631
-
health
37
62
67
-
social contributions
164
280
301
-
total
201
342
368
-
Corporate
1 823
281
-
-
income
228
35
-
-
total
228
35
-
-
Dividends
1 595
245
-
-
withholding
271
42
-
-
total
271
42
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 253
1 069
1 112
1 109
After tax
2 747
2 931
2 888
2 891
Living cost
1 424
1 424
1 424
1 424
Free-cash
1 323
1 507
1 464
1 467

Estimated living cost  is €1424 per month

€974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€316
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
€1967
€1452
€1469
€1515
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
-
-
-
4 000
health
-
-
-
280
pensions
-
-
-
400
unemployment
-
-
-
60
income
-
-
-
489
total
-
-
-
1 229
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.

1 160
462
3 347
-
health
81
32
234
-
pensions
116
46
335
-
unemployment
17
7
50
-
income
142
56
409
-
total
356
141
1 028
-
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.

1 160
462
3 347
-
pensions
226
90
653
-
total
226
90
653
-
Corporate
2 613
3 448
-
-
income
235
310
-
-
total
235
310
-
-
Dividends
2 378
3 138
-
-
social contributions
458
607
-
-
withholding
452
596
-
-
total
910
1 203
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 727
1 744
1 681
1 229
After tax
2 273
2 256
2 319
2 771
Living cost
804
804
804
804
Free-cash
1 469
1 452
1 515
1 967

Estimated living cost  is €804 per month

€549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€66
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€16
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 Source

Source of data for Budapest model

Close
Tallinn , Estonia
€1083
€2139
€1866
€1244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 000
health
-
-
-
520
pensions
-
-
-
800
income
-
-
-
536
total
-
-
-
1 856
Employee
1 246
-
2 990
-
pensions
25
-
60
-
unemployment
20
-
48
-
income
140
-
576
-
total
185
-
684
-
Employer
1 246
-
2 990
-
health
162
-
389
-
pensions
249
-
598
-
unemployment
10
-
24
-
total
421
-
1 011
-
Corporate
2 333
4 000
-
-
income
467
800
-
-
total
467
800
-
-
Dividends
1 866
3 200
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 073
800
1 695
1 856
After tax
2 927
3 200
2 305
2 144
Living cost
1 061
1 061
1 061
1 061
Free-cash
1 866
2 139
1 244
1 083

Estimated living cost  is €1061 per month

€728
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.
€21
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.
€249
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
€1774
-€650
€174
€1065
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
-
-
-
4 000
health
-
-
-
97
accident
-
-
-
11
other
-
-
-
16
pensions
-
-
-
184
income
-
-
-
944
total
-
-
-
1 252
Employee
1 532
-
3 373
-
health
175
-
386
-
pensions
173
-
338
-
income
210
-
610
-
total
558
-
1 334
-
Employer
1 532
-
3 373
-
accident
26
-
56
-
pensions
249
-
488
-
unemployment
38
-
83
-
total
313
-
627
-
Corporate
2 155
4 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 940
3 600
-
-
total
1 940
3 600
-
-
Dividends
216
400
-
-
withholding
41
76
-
-
total
41
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 852
3 676
1 961
1 252
After tax
1 148
324
2 039
2 748
Living cost
974
974
974
974
Free-cash
174
-650
1 065
1 774

Estimated living cost  is €974 per month

€714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€186
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
€3599
€3439
€3372
€2839
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%.

-
-
-
4 000
microenterprise

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

-
-
-
40
total
-
-
-
40
Employee
452
-
4 000
-
income
90
-
800
-
total
90
-
800
-
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%.

3 548
4 000
-
-
total
-
-
-
-
Dividends
3 548
4 000
-
-
withholding
177
200
-
-
total
177
200
-
-
Income
4 000
4 000
4 000
4 000
Total tax
267
200
800
40
After tax
3 733
3 800
3 200
3 960
Living cost
361
361
361
361
Free-cash
3 372
3 439
2 839
3 599

Estimated living cost  is €361 per month

€224
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.
€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.
€97
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
€996
€1769
€1472
€1173
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
-
-
-
4 000
health
-
-
-
176
other
-
-
-
190
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.

-
-
-
960
income
-
-
-
508
total
-
-
-
1 834
Employee
1 594
-
3 195
-
health
22
-
45
-
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.

112
-
224
-
unemployment
16
-
32
-
income
274
-
550
-
total
424
-
851
-
Employer
1 594
-
3 195
-
health
22
-
45
-
accident
13
-
26
-
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.

271
-
543
-
other
80
-
160
-
unemployment
16
-
32
-
total
402
-
806
-
Corporate
2 004
4 000
-
-
income
421
840
-
-
total
421
840
-
-
Dividends
1 583
3 160
-
-
withholding
111
221
-
-
total
111
221
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 358
1 061
1 657
1 834
After tax
2 642
2 939
2 343
2 166
Living cost
1 170
1 170
1 170
1 170
Free-cash
1 472
1 769
1 173
996

Estimated living cost  is €1170 per month

€827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€19
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.
€246
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
€21
€67
-€713
-€412
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
-
-
-
4 000
pensions
-
-
-
287
income
-
-
-
762
total
-
-
-
1 049
Employee
4 145
-
3 529
-
health
68
-
56
-
pensions
400
-
326
-
income
747
-
629
-
total
1 215
-
1 011
-
Employer
4 145
-
3 529
-
health
79
-
67
-
pensions
489
-
404
-
total
568
-
471
-
Corporate
-
4 000
-
-
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.

-
760
-
-
total
-
760
-
-
Dividends
-
3 240
-
-
withholding
-
243
-
-
total
-
243
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 783
1 003
1 482
1 049
After tax
2 217
2 997
2 518
2 951
Living cost
2 930
2 930
2 930
2 930
Free-cash
-713
67
-412
21

Estimated living cost  is €2930 per month

€2195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€366
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
€2419
€2847
€2644
€2537
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
-
-
-
4 000
health
-
-
-
176
pensions

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

-
-
-
226
unemployment
-
-
-
6
income
-
-
-
600
total
-
-
-
1 008
Employee
759
-
3 700
-
health
35
-
70
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
pensions

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

67
-
134
-
income
76
-
370
-
total
186
-
591
-
Employer
759
-
3 700
-
health
52
-
105
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
pensions

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

84
-
168
-
unemployment
5
-
9
-
total
149
-
299
-
Corporate
3 092
4 000
-
-
income
309
400
-
-
total
309
400
-
-
Dividends
2 783
3 600
-
-
withholding
139
180
-
-
total
139
180
-
-
Income
4 000
4 000
4 000
4 000
Total tax
783
580
890
1 008
After tax
3 217
3 420
3 110
2 992
Living cost
573
573
573
573
Free-cash
2 644
2 847
2 537
2 419

Estimated living cost  is €573 per month

€335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€15
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.
€182
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
-€162
-€710
-€784
-€957
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
-
-
-
4 000
health
-
-
-
504
pensions
-
-
-
514
income
-
-
-
709
total
-
-
-
1 727
Employee
4 071
3 750
3 750
-
health
508
490
576
-
pensions
514
514
675
-
income

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

614
614
614
-
total
1 636
1 618
1 865
-
Employer
4 071
3 750
3 750
-
health
283
261
261
-
pensions
283
261
261
-
unemployment
147
135
135
-
total
713
657
657
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 349
2 275
2 522
1 727
After tax
1 651
1 725
1 478
2 273
Living cost
2 435
2 435
2 435
2 435
Free-cash
-784
-710
-957
-162

Estimated living cost  is €2435 per month

€1796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€393
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
€862
€1668
€1279
€944
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
-
-
-
4 000
health
-
-
-
540
social contributions
-
-
-
1 168
solidarity contribution
-
-
-
-
income
-
-
-
344
total
-
-
-
2 052
Employee
1 596
-
2 985
-
health
216
-
403
-
solidarity contribution
-
-
-
-
social contributions
104
-
194
-
income
192
-
358
-
total
512
-
955
-
Employer
1 596
-
2 985
-
health
144
-
269
-
social contributions
399
-
746
-
total
543
-
1 015
-
Corporate
1 861
4 000
-
-
income
354
760
-
-
total
354
760
-
-
Dividends
1 507
3 240
-
-
withholding
226
486
-
-
total
226
486
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 635
1 246
1 970
2 052
After tax
2 365
2 754
2 030
1 948
Living cost
1 086
1 086
1 086
1 086
Free-cash
1 279
1 668
944
862

Estimated living cost  is €1086 per month

€754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€233
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
€229
€281
€52
€38
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
-
-
-
4 000
regional
-
-
-
43
municipal
-
-
-
24
social contributions
-
-
-
1 029
national
-
-
-
822
total
-
-
-
1 918
Employee
3 903
-
4 000
-
regional
37
-
38
-
national
676
-
701
-
social contributions
1 316
-
1 349
-
municipal
21
-
21
-
total
2 050
-
2 109
-
Employer
3 903
-
4 000
-
total
-
-
-
-
Corporate
97
4 000
-
-
nationa
23
960
-
-
municipal
4
156
-
-
total
27
1 116
-
-
Dividends
70
2 884
-
-
withholding
18
750
-
-
total
18
750
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 095
1 866
2 109
1 918
After tax
1 905
2 134
1 891
2 082
Living cost
1 853
1 853
1 853
1 853
Free-cash
52
281
38
229

Estimated living cost  is €1853 per month

€1292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
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.
€411
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
€1129
€1547
€1410
€1053
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
-
-
-
4 000
health
-
-
-
284
other
-
-
-
-
pensions
-
-
-
800
unemployment
-
-
-
10
income
-
-
-
725
surtax
-
-
-
83
total
-
-
-
1 902
Employee
1 452
-
3 304
-
health
37
-
84
-
pensions
97
-
220
-
unemployment
101
-
230
-
surtax
5
-
74
-
income
243
-
675
-
other
-
-
-
-
total
483
-
1 283
-
Employer
1 452
-
3 304
-
health
66
-
150
-
pensions
194
-
440
-
other
-
-
-
-
unemployment
46
-
105
-
total
306
-
695
-
Corporate
2 242
4 000
-
-
income
583
1 040
-
-
total
583
1 040
-
-
Dividends
1 659
2 960
-
-
withholding
249
444
-
-
total
249
444
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 621
1 484
1 978
1 902
After tax
2 379
2 516
2 022
2 098
Living cost
969
969
969
969
Free-cash
1 410
1 547
1 053
1 129

Estimated living cost  is €969 per month

€592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€89
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€265
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
€949
€995
€650
€516
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
-
-
-
4 000
pensions
-
-
-
287
income
-
-
-
762
total
-
-
-
1 049
Employee
2 778
-
3 529
-
health
40
-
56
-
pensions
236
-
326
-
income
500
-
629
-
total
776
-
1 011
-
Employer
2 778
-
3 529
-
health
53
-
67
-
pensions
301
-
404
-
total
354
-
471
-
Corporate
868
4 000
-
-
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.

165
760
-
-
total
165
760
-
-
Dividends
703
3 240
-
-
withholding
53
243
-
-
total
53
243
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 348
1 003
1 482
1 049
After tax
2 652
2 997
2 518
2 951
Living cost
2 002
2 002
2 002
2 002
Free-cash
650
995
516
949

Estimated living cost  is €2002 per month

€1500
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€331
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
-€226
-€1754
-€591
-€430
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
-
-
-
4 000
health
-
-
-
12
city
-
-
-
42
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.

-
-
-
80
regional
-
-
-
123
pensions
-
-
-
368
national
-
-
-
18
total
-
-
-
643
Employee
4 193
-
3 580
-
health
9
-
8
-
regional
137
-
104
-
pensions
352
-
301
-
unemployment
-
-
-
-
national
20
-
15
-
city
45
-
38
-
total
563
-
466
-
Employer
4 193
-
3 580
-
health
9
-
8
-
pensions
352
-
301
-
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.

84
-
72
-
unemployment
-
-
-
-
total
445
-
381
-
Corporate
-
4 000
-
-
national
-
340
-
-
regional
-
846
-
-
total
-
1 186
-
-
Dividends
-
2 814
-
-
withholding
-
985
-
-
total
-
985
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 008
2 171
847
643
After tax
2 992
1 829
3 153
3 357
Living cost
3 583
3 583
3 583
3 583
Free-cash
-591
-1 754
-430
-226

Estimated living cost  is €3583 per month

€2330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€44
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.
€888
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
€544
-€29
€683
€880
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.

-
-
-
4 000
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.

-
-
-
300
trade
-
-
-
336
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.

-
-
-
42
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.

-
-
-
766
total
-
-
-
1 444
Employee

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

2 639
-
4 000
-
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.

300
-
300
-
surtax

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

17
-
42
-
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.

310
-
766
-
total
627
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 361
4 000
-
-
trade
233
686
-
-
chamber of commerce
9
12
-
-
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.

11
33
-
-
income
204
600
-
-
total
457
1 331
-
-
Dividends
904
2 669
-
-
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.

12
36
-
-
withholding
209
650
-
-
total
221
686
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 305
2 017
1 108
1 444
After tax
2 695
1 983
2 892
2 556
Living cost
2 012
2 012
2 012
2 012
Free-cash
683
-29
880
544

Estimated living cost  is €2012 per month

€1469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€355
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
€812
€514
€773
€798
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
-
-
-
4 000
health
-
-
-
53
other
-
-
-
124
pensions
-
-
-
1 069
social contributions
-
-
-
114
income
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 686
Employee
1 879
-
3 048
-
pensions
212
-
345
-
surtax
-
-
-
-
social contributions
54
-
87
-
income
111
-
317
-
total
377
-
749
-
Employer
1 879
-
3 048
-
health
132
-
213
-
pensions
309
-
501
-
other
65
-
105
-
social contributions
6
-
9
-
unemployment
76
-
123
-
total
588
-
951
-
Corporate
1 534
4 000
-
-
surtax
-
-
-
-
income
429
1 120
-
-
total
429
1 120
-
-
Dividends
1 104
2 880
-
-
social contributions
190
495
-
-
surtax
-
-
-
-
withholding
141
369
-
-
total
331
864
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 725
1 984
1 700
1 686
After tax
2 275
2 016
2 300
2 314
Living cost
1 502
1 502
1 502
1 502
Free-cash
773
514
798
812

Estimated living cost  is €1502 per month

€947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€407
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
€960
€662
€905
€946
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
-
-
-
4 000
health
-
-
-
53
other
-
-
-
124
pensions
-
-
-
1 069
social contributions
-
-
-
114
income
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 686
Employee
1 678
-
3 048
-
pensions
190
-
345
-
surtax
-
-
-
-
social contributions
48
-
87
-
income
86
-
317
-
total
324
-
749
-
Employer
1 678
-
3 048
-
health
117
-
213
-
pensions
276
-
501
-
other
58
-
105
-
social contributions
5
-
9
-
unemployment
68
-
123
-
total
524
-
951
-
Corporate
1 798
4 000
-
-
surtax
-
-
-
-
income
504
1 120
-
-
total
504
1 120
-
-
Dividends
1 295
2 880
-
-
social contributions
223
495
-
-
surtax
-
-
-
-
withholding
166
369
-
-
total
389
864
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 741
1 984
1 700
1 686
After tax
2 259
2 016
2 300
2 314
Living cost
1 354
1 354
1 354
1 354
Free-cash
905
662
946
960

Estimated living cost  is €1354 per month

€785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€405
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
€1638
€1510
€1532
€1665
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
-
-
-
4 000
health
-
-
-
279
social contributions
-
-
-
552
income
-
-
-
600
total
-
-
-
1 431
Employee
1 489
-
4 000
-
health
104
-
279
-
social contributions
206
-
552
-
income
248
-
573
-
total
558
-
1 404
-
Employer
1 489
-
4 000
-
total
-
-
-
-
Corporate
2 511
4 000
-
-
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%.

126
200
-
-
total
126
200
-
-
Dividends
2 386
3 800
-
-
social contributions
329
524
-
-
health
166
265
-
-
withholding
358
570
-
-
total
853
1 359
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 537
1 559
1 404
1 431
After tax
2 463
2 441
2 596
2 569
Living cost
931
931
931
931
Free-cash
1 532
1 510
1 665
1 638

Estimated living cost  is €931 per month

€623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€229
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
€510
€703
€634
-€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
-
-
-
4 000
health
-
-
-
306
pensions
-
-
-
740
unemployment
-
-
-
269
income
-
-
-
603
chamber of commerce
-
-
-
16
surtax
-
-
-
9
total
-
-
-
1 943
Employee
2 195
1 750
3 099
-
health
85
68
120
-
pensions
225
179
317
-
unemployment
66
52
93
-
income
250
129
525
-
other
22
18
31
-
total
648
446
1 086
-
Employer
2 195
1 750
3 099
-
payroll
66
52
93
-
health
83
66
117
-
surtax
9
9
9
-
accident
28
23
40
-
pensions
275
220
389
-
chamber of commerce
9
7
12
-
other
104
83
147
-
unemployment
66
52
93
-
total
640
512
900
-
Corporate
1 165
1 738
2 933
-
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.

291
434
733
-
total
291
434
733
-
Dividends
874
1 303
-
-
withholding
240
358
-
-
total
240
358
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 819
1 750
2 719
1 943
After tax
2 181
2 250
1 281
2 057
Living cost
1 547
1 547
1 547
1 547
Free-cash
634
703
-266
510

Estimated living cost  is €1547 per month

€1032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€358
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
€325
€644
-€56
-€18
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
-
-
-
4 000
social contributions
-
-
-
603
national
-
-
-
1 267
communal

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

-
-
-
204
total
-
-
-
2 074
Employee

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

3 141
-
3 098
-
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.

148
-
146
-
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.

236
-
232
-
unemployment

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

27
-
27
-
national
966
-
949
-
communal

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

164
-
162
-
total
1 541
-
1 516
-
Employer

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

3 141
-
3 098
-
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.

193
-
191
-
surtax
356
-
351
-
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.

41
-
40
-
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.

278
-
274
-
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.

46
-
45
-
total
914
-
901
-
Corporate
-
4 000
-
-
surtax
-
16
-
-
income
-
800
-
-
total
-
816
-
-
Dividends
-
3 184
-
-
withholding

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

-
939
-
-
total
-
939
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 455
1 755
2 417
2 074
After tax
1 545
2 245
1 583
1 926
Living cost
1 601
1 601
1 601
1 601
Free-cash
-56
644
-18
325

Estimated living cost  is €1601 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€405
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
€527
€1110
€761
€555
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
-
-
-
4 000
accident
-
-
-
36
other
-
-
-
4
pensions
-
-
-
1 132
unemployment
-
-
-
28
income
-
-
-
687
total
-
-
-
1 887
Employee
2 186
-
3 033
-
pensions
103
-
143
-
unemployment
34
-
47
-
other
2
-
3
-
income
461
-
699
-
total
600
-
892
-
Employer
2 186
-
3 033
-
accident
43
-
60
-
pensions
516
-
716
-
other
17
-
24
-
unemployment
120
-
167
-
total
696
-
967
-
Corporate
1 117
4 000
-
-
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.

168
600
-
-
total
168
600
-
-
Dividends
950
3 400
-
-
withholding
189
704
-
-
total
189
704
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 653
1 304
1 859
1 887
After tax
2 347
2 696
2 141
2 113
Living cost
1 586
1 586
1 586
1 586
Free-cash
761
1 110
555
527

Estimated living cost  is €1586 per month

€1168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€283
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
-€52
€74
-€207
€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
-
-
-
4 000
health
-
-
-
281
accident
-
-
-
34
pensions
-
-
-
600
communal
-
-
-
253
income
-
-
-
300
surtax
-
-
-
198
total
-
-
-
1 666
Employee
3 326
-
3 573
-
health
148
-
159
-
pensions
266
-
286
-
surtax
204
-
219
-
income
321
-
384
-
total
939
-
1 048
-
Employer
3 326
-
3 573
-
health
101
-
109
-
accident
30
-
32
-
pensions
266
-
286
-
total
397
-
427
-
Corporate
277
4 000
-
-
communal
-
270
-
-
surtax
3
42
-
-
income
42
600
-
-
total
45
912
-
-
Dividends
233
3 088
-
-
income
405
165
-
-
withholding
35
463
-
-
total
440
628
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 821
1 540
1 475
1 666
After tax
2 179
2 460
2 525
2 334
Living cost
2 386
2 386
2 386
2 386
Free-cash
-207
74
139
-52

Estimated living cost  is €2386 per month

€1790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€426
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
€1112
€1530
€1390
€1036
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
-
-
-
4 000
health
-
-
-
284
other
-
-
-
-
pensions
-
-
-
800
unemployment
-
-
-
10
income
-
-
-
725
surtax
-
-
-
83
total
-
-
-
1 902
Employee
1 479
-
3 304
-
health
38
-
84
-
pensions
99
-
220
-
unemployment
103
-
230
-
surtax
5
-
74
-
income
248
-
675
-
other
-
-
-
-
total
493
-
1 283
-
Employer
1 479
-
3 304
-
health
67
-
150
-
pensions
197
-
440
-
other
-
-
-
-
unemployment
47
-
105
-
total
311
-
695
-
Corporate
2 210
4 000
-
-
income
575
1 040
-
-
total
575
1 040
-
-
Dividends
1 635
2 960
-
-
withholding
245
444
-
-
total
245
444
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 624
1 484
1 978
1 902
After tax
2 376
2 516
2 022
2 098
Living cost
986
986
986
986
Free-cash
1 390
1 530
1 036
1 112

Estimated living cost  is €986 per month

€596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€282
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
€882
€919
€822
€692
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
-
-
-
4 000
regional
-
-
-
60
municipal
-
-
-
24
social contributions
-
-
-
1 029
national
-
-
-
822
total
-
-
-
1 935
Employee
2 436
-
4 000
-
regional
33
-
54
-
national
386
-
701
-
social contributions
821
-
1 349
-
municipal
13
-
21
-
total
1 253
-
2 125
-
Employer
2 436
-
4 000
-
total
-
-
-
-
Corporate
1 564
4 000
-
-
nationa
375
960
-
-
municipal
78
199
-
-
total
453
1 159
-
-
Dividends
1 111
2 841
-
-
withholding
289
739
-
-
total
289
739
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 995
1 898
2 125
1 935
After tax
2 005
2 102
1 875
2 065
Living cost
1 183
1 183
1 183
1 183
Free-cash
822
919
692
882

Estimated living cost  is €1183 per month

€736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€307
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
€610
€1416
€938
€692
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
-
-
-
4 000
health
-
-
-
540
social contributions
-
-
-
1 168
solidarity contribution
-
-
-
-
income
-
-
-
344
total
-
-
-
2 052
Employee
1 967
-
2 985
-
health
266
-
403
-
solidarity contribution
-
-
-
-
social contributions
128
-
194
-
income
236
-
358
-
total
630
-
955
-
Employer
1 967
-
2 985
-
health
177
-
269
-
social contributions
492
-
746
-
total
669
-
1 015
-
Corporate
1 364
4 000
-
-
income
259
760
-
-
total
259
760
-
-
Dividends
1 105
3 240
-
-
withholding
166
486
-
-
total
166
486
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 724
1 246
1 970
2 052
After tax
2 276
2 754
2 030
1 948
Living cost
1 338
1 338
1 338
1 338
Free-cash
938
1 416
692
610

Estimated living cost  is €1338 per month

€995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€246
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
€665
€853
€829
-€120
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
-
-
-
4 000
health
-
-
-
306
pensions
-
-
-
740
unemployment
-
-
-
269
income
-
-
-
603
chamber of commerce
-
-
-
16
surtax
-
-
-
-
total
-
-
-
1 934
Employee
1 920
1 750
3 106
-
health
74
68
120
-
pensions
197
179
318
-
unemployment
58
52
93
-
income
171
129
529
-
other
19
18
31
-
total
519
446
1 091
-
Employer
1 920
1 750
3 106
-
payroll
58
52
93
-
health
73
66
117
-
surtax
-
-
-
-
accident
25
23
40
-
pensions
241
220
390
-
chamber of commerce
8
7
12
-
other
91
83
148
-
unemployment
58
52
93
-
total
554
503
893
-
Corporate
1 528
1 746
2 939
-
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.

382
437
735
-
total
382
437
735
-
Dividends
1 146
1 310
-
-
withholding
315
360
-
-
total
315
360
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 770
1 746
2 719
1 934
After tax
2 230
2 254
1 281
2 066
Living cost
1 401
1 401
1 401
1 401
Free-cash
829
853
-120
665

Estimated living cost  is €1401 per month

€840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€392
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
€3397
€3237
€3131
€2637
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%.

-
-
-
4 000
microenterprise

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

-
-
-
40
total
-
-
-
40
Employee
704
-
4 000
-
income
141
-
800
-
total
141
-
800
-
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%.

3 296
4 000
-
-
total
-
-
-
-
Dividends
3 296
4 000
-
-
withholding
165
200
-
-
total
165
200
-
-
Income
4 000
4 000
4 000
4 000
Total tax
306
200
800
40
After tax
3 694
3 800
3 200
3 960
Living cost
563
563
563
563
Free-cash
3 131
3 237
2 637
3 397

Estimated living cost  is €563 per month

€381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€19
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.
€140
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
€909
€1576
€1209
€795
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.

-
-
-
4 000
health
-
-
-
394
pensions
-
-
-
730
unemployment
-
-
-
6
income
-
-
-
783
total
-
-
-
1 913
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.

1 942
-
3 461
-
health
125
-
224
-
pensions
301
-
536
-
unemployment
3
-
5
-
income
335
-
724
-
total
764
-
1 489
-
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.

1 942
-
3 461
-
health
129
-
230
-
pensions
172
-
306
-
unemployment
1
-
2
-
total
302
-
538
-
Corporate
1 756
4 000
-
-
income
334
760
-
-
total
334
760
-
-
Dividends
1 422
3 240
-
-
withholding
213
486
-
-
total
213
486
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 613
1 246
2 027
1 913
After tax
2 387
2 754
1 973
2 087
Living cost
1 178
1 178
1 178
1 178
Free-cash
1 209
1 576
795
909

Estimated living cost  is €1178 per month

€808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€271
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
€762
€432
-€2918
€1387
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
-
-
-
4 000
social contributions
-
-
-
456
income
-
-
-
780
total
-
-
-
1 236
Employee
2 871
-
-
-
social contributions
235
-
34
-
income
633
-
-
-
total
868
-
34
-
Employer
2 871
-
-
-
social contributions
4 048
-
577
-
total
4 048
-
577
-
Corporate
-
4 000
-
-
income
-
880
-
-
total
-
880
-
-
Dividends
-
3 120
-
-
income
-
686
-
-
total
-
686
-
-
Income
4 000
4 000
4 000
4 000
Total tax
4 916
1 566
611
1 236
After tax
-916
2 434
3 389
2 764
Living cost
2 002
2 002
2 002
2 002
Free-cash
-2 918
432
1 387
762

Estimated living cost  is €2002 per month

€1299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€489
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
€873
€898
€854
€685
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.

-
-
-
4 000
social contributions

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

-
-
-
1 390
income
-
-
-
360
surtax
-
-
-
-
total
-
-
-
1 750
Employee
2 020
-
3 232
-
surtax
-
-
-
-
social contributions
222
-
356
-
income
420
-
814
-
total
642
-
1 170
-
Employer
2 020
-
3 232
-
social contributions
480
-
768
-
total
480
-
768
-
Corporate
1 501
4 000
-
-
surtax
-
-
-
-
income
315
840
-
-
total
315
840
-
-
Dividends
1 186
3 160
-
-
withholding
332
885
-
-
total
332
885
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 769
1 725
1 938
1 750
After tax
2 231
2 275
2 062
2 250
Living cost
1 377
1 377
1 377
1 377
Free-cash
854
898
685
873

Estimated living cost  is €1377 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
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.
€243
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
€193
-€105
€199
€179
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
-
-
-
4 000
health
-
-
-
53
other
-
-
-
124
pensions
-
-
-
1 069
social contributions
-
-
-
114
income
-
-
-
326
surtax
-
-
-
-
total
-
-
-
1 686
Employee
2 750
-
3 048
-
pensions
311
-
345
-
surtax
-
-
-
-
social contributions
78
-
87
-
income
240
-
317
-
total
629
-
749
-
Employer
2 750
-
3 048
-
health
192
-
213
-
pensions
452
-
501
-
other
95
-
105
-
social contributions
8
-
9
-
unemployment
111
-
123
-
total
858
-
951
-
Corporate
391
4 000
-
-
surtax
-
-
-
-
income
109
1 120
-
-
total
109
1 120
-
-
Dividends
281
2 880
-
-
social contributions
48
495
-
-
surtax
-
-
-
-
withholding
36
369
-
-
total
84
864
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 680
1 984
1 700
1 686
After tax
2 320
2 016
2 300
2 314
Living cost
2 121
2 121
2 121
2 121
Free-cash
199
-105
179
193

Estimated living cost  is €2121 per month

€1435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
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.
€483
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
€1744
€2280
€2132
€1856
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
-
-
-
4 000
income
-
-
-
56
social contributions
-
-
-
880
total
-
-
-
936
Employee
1 412
-
3 463
-
social contributions
92
-
225
-
income
-
-
62
-
total
92
-
287
-
Employer
1 412
-
3 463
-
social contributions
219
-
537
-
total
219
-
537
-
Corporate
2 369
4 000
-
-
income
237
400
-
-
total
237
400
-
-
Dividends
2 132
3 600
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
548
400
824
936
After tax
3 452
3 600
3 176
3 064
Living cost
1 320
1 320
1 320
1 320
Free-cash
2 132
2 280
1 856
1 744

Estimated living cost  is €1320 per month

€854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€342
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
€389
-€5554
-€5554
-€5554
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
-
-
-
4 000
municipal
-
-
-
726
labour market
-
-
-
317
national
-
-
-
418
pensions
-
-
-
38
total
-
-
-
1 499
Employee
8 913
8 913
8 913
-
pensions
13
13
13
-
labour market
712
712
712
-
national
1 089
1 089
1 089
-
municipal
1 898
1 898
1 898
-
total
3 712
3 712
3 712
-
Employer
8 913
8 913
8 913
-
municipal
1 901
1 901
1 901
-
labour market
713
713
713
-
national
1 091
1 091
1 091
-
pensions
25
25
25
-
total
3 730
3 730
3 730
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
4 000
4 000
4 000
4 000
Total tax
7 442
7 442
7 442
1 499
After tax
-3 442
-3 442
-3 442
2 501
Living cost
2 112
2 112
2 112
2 112
Free-cash
-5 554
-5 554
-5 554
389

Estimated living cost  is €2112 per month

€1445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€32
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.
€447
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
€1788
-€636
€178
€1079
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
-
-
-
4 000
health
-
-
-
97
accident
-
-
-
11
other
-
-
-
16
pensions
-
-
-
184
income
-
-
-
944
total
-
-
-
1 252
Employee
1 510
-
3 373
-
health
173
-
386
-
pensions
170
-
338
-
income
207
-
610
-
total
550
-
1 334
-
Employer
1 510
-
3 373
-
accident
25
-
56
-
pensions
245
-
488
-
unemployment
37
-
83
-
total
307
-
627
-
Corporate
2 183
4 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 964
3 600
-
-
total
1 964
3 600
-
-
Dividends
218
400
-
-
withholding
41
76
-
-
total
41
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 862
3 676
1 961
1 252
After tax
1 138
324
2 039
2 748
Living cost
960
960
960
960
Free-cash
178
-636
1 079
1 788

Estimated living cost  is €960 per month

€699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€55
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
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.
€188
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
€1199
€1004
€868
€627
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

-
-
-
4 000
health
-
-
-
43
municipal
-
-
-
712
national
-
-
-
360
total
-
-
-
1 115
Employee
2 310
-
3 365
-
health
17
-
34
-
pensions
156
-
227
-
unemployment
35
-
50
-
national
38
-
191
-
municipal
378
-
550
-
total
624
-
1 052
-
Employer
2 310
-
3 365
-
health
18
-
26
-
accident
2
-
3
-
pensions
401
-
584
-
unemployment
15
-
22
-
total
436
-
635
-
Corporate
1 254
4 000
-
-
income
251
800
-
-
total
251
800
-
-
Dividends

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

752
2 400
-
-
national
-
78
-
-
municipal
135
432
-
-
total
135
510
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 446
1 310
1 687
1 115
After tax
2 554
2 690
2 313
2 885
Living cost
1 686
1 686
1 686
1 686
Free-cash
868
1 004
627
1 199

Estimated living cost  is €1686 per month

€1101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€27
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.
€396
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
€1874
€1914
€1674
€1871
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
-
-
-
4 000
health
-
-
-
102
social contributions
-
-
-
624
income
-
-
-
383
total
-
-
-
1 109
Employee
3 377
3 377
3 631
-
health
26
57
62
-
social contributions
128
280
301
-
income
368
313
381
-
total
522
650
744
-
Employer
3 377
3 377
3 631
-
health
28
62
67
-
social contributions
128
280
301
-
total
156
342
368
-
Corporate
2 306
281
-
-
income
288
35
-
-
total
288
35
-
-
Dividends
2 018
245
-
-
withholding
343
42
-
-
total
343
42
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 309
1 069
1 112
1 109
After tax
2 691
2 931
2 888
2 891
Living cost
1 017
1 017
1 017
1 017
Free-cash
1 674
1 914
1 871
1 874

Estimated living cost  is €1017 per month

€609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€285
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
€2488
€2615
€2392
€1772
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
-
-
-
4 000
health
-
-
-
159
pensions
-
-
-
279
unemployment
-
-
-
1
income
-
-
-
376
total
-
-
-
815
Employee

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

1 008
-
3 626
-
health
86
-
308
-
pensions
151
-
544
-
unemployment
5
-
18
-
income
69
-
288
-
total
311
-
1 158
-
Employer

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

1 008
-
3 626
-
health
43
-
156
-
pensions
55
-
199
-
unemployment
5
-
18
-
total
103
-
373
-
Corporate
2 888
4 000
-
-
income
260
360
-
-
total
260
360
-
-
Dividends
2 628
3 640
-
-
withholding
237
328
-
-
total
237
328
-
-
Income
4 000
4 000
4 000
4 000
Total tax
911
688
1 531
815
After tax
3 089
3 312
2 469
3 185
Living cost
697
697
697
697
Free-cash
2 392
2 615
1 772
2 488

Estimated living cost  is €697 per month

€445
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.
€21
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.
€181
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
€905
€1488
€1258
€933
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
-
-
-
4 000
accident
-
-
-
36
other
-
-
-
4
pensions
-
-
-
1 132
unemployment
-
-
-
28
income
-
-
-
687
total
-
-
-
1 887
Employee
1 624
-
3 033
-
pensions
76
-
143
-
unemployment
25
-
47
-
other
2
-
3
-
income
313
-
699
-
total
416
-
892
-
Employer
1 624
-
3 033
-
accident
32
-
60
-
pensions
383
-
716
-
other
13
-
24
-
unemployment
89
-
167
-
total
517
-
967
-
Corporate
1 859
4 000
-
-
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.

279
600
-
-
total
279
600
-
-
Dividends
1 580
3 400
-
-
withholding
322
704
-
-
total
322
704
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 534
1 304
1 859
1 887
After tax
2 466
2 696
2 141
2 113
Living cost
1 208
1 208
1 208
1 208
Free-cash
1 258
1 488
933
905

Estimated living cost  is €1208 per month

€815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€255
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
€2470
€2414
€2401
€2464
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
-
-
-
4 000
health
-
-
-
43
pensions
-
-
-
60
income
-
-
-
1 345
total
-
-
-
1 448
Employee
125
-
3 933
-
health
6
-
15
-
pensions
11
-
27
-
unemployment
1
-
3
-
income
24
-
1 342
-
total
42
-
1 387
-
Employer
125
-
3 933
-
health
12
-
28
-
pensions
14
-
33
-
unemployment
3
-
6
-
total
29
-
67
-
Corporate
3 847
4 000
-
-
income
846
880
-
-
total
846
880
-
-
Dividends
3 000
3 120
-
-
withholding
600
624
-
-
total
600
624
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 517
1 504
1 454
1 448
After tax
2 483
2 496
2 546
2 552
Living cost
82
82
82
82
Free-cash
2 401
2 414
2 464
2 470

Estimated living cost  is €82 per month

€49
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.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€1311
€2132
€1915
€1312
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.

-
-
-
4 000
health
-
-
-
334
pensions
-
-
-
842
unemployment
-
-
-
49
income
-
-
-
706
total
-
-
-
1 931
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.

1 143
-
3 420
-
health
59
-
167
-
pensions
160
-
453
-
unemployment
9
-
24
-
income
158
-
706
-
total
386
-
1 350
-
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.

1 143
-
3 420
-
health
59
-
167
-
pensions
137
-
389
-
unemployment
9
-
24
-
total
205
-
580
-
Corporate
2 652
4 000
-
-
income
398
600
-
-
total
398
600
-
-
Dividends
2 255
3 400
-
-
withholding
338
510
-
-
total
338
510
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 327
1 110
1 930
1 931
After tax
2 673
2 890
2 070
2 069
Living cost
758
758
758
758
Free-cash
1 915
2 132
1 312
1 311

Estimated living cost  is €758 per month

€510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€167
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
€1066
€1091
€1075
€878
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.

-
-
-
4 000
social contributions

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

-
-
-
1 390
income
-
-
-
360
surtax
-
-
-
-
total
-
-
-
1 750
Employee
1 704
-
3 232
-
surtax
-
-
-
-
social contributions
188
-
356
-
income
333
-
814
-
total
521
-
1 170
-
Employer
1 704
-
3 232
-
social contributions
405
-
768
-
total
405
-
768
-
Corporate
1 891
4 000
-
-
surtax
-
-
-
-
income
397
840
-
-
total
397
840
-
-
Dividends
1 494
3 160
-
-
withholding
418
885
-
-
total
418
885
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 741
1 725
1 938
1 750
After tax
2 259
2 275
2 062
2 250
Living cost
1 184
1 184
1 184
1 184
Free-cash
1 075
1 091
878
1 066

Estimated living cost  is €1184 per month

€838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€242
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
€570
€1153
€818
€598
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
-
-
-
4 000
accident
-
-
-
36
other
-
-
-
4
pensions
-
-
-
1 132
unemployment
-
-
-
28
income
-
-
-
687
total
-
-
-
1 887
Employee
2 121
-
3 033
-
pensions
100
-
143
-
unemployment
33
-
47
-
other
2
-
3
-
income
443
-
699
-
total
578
-
892
-
Employer
2 121
-
3 033
-
accident
42
-
60
-
pensions
500
-
716
-
other
17
-
24
-
unemployment
117
-
167
-
total
676
-
967
-
Corporate
1 203
4 000
-
-
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.

180
600
-
-
total
180
600
-
-
Dividends
1 023
3 400
-
-
withholding
205
704
-
-
total
205
704
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 639
1 304
1 859
1 887
After tax
2 361
2 696
2 141
2 113
Living cost
1 543
1 543
1 543
1 543
Free-cash
818
1 153
598
570

Estimated living cost  is €1543 per month

€1108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
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.
€293
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
€2240
€2668
€2401
€2358
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
-
-
-
4 000
health
-
-
-
176
pensions

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

-
-
-
226
unemployment
-
-
-
6
income
-
-
-
600
total
-
-
-
1 008
Employee
996
-
3 700
-
health
46
-
70
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
pensions

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

87
-
134
-
income
100
-
370
-
total
244
-
591
-
Employer
996
-
3 700
-
health
69
-
105
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
pensions

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

110
-
168
-
unemployment
6
-
9
-
total
196
-
299
-
Corporate
2 809
4 000
-
-
income
281
400
-
-
total
281
400
-
-
Dividends
2 528
3 600
-
-
withholding
126
180
-
-
total
126
180
-
-
Income
4 000
4 000
4 000
4 000
Total tax
847
580
890
1 008
After tax
3 153
3 420
3 110
2 992
Living cost
752
752
752
752
Free-cash
2 401
2 668
2 358
2 240

Estimated living cost  is €752 per month

€497
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.
€18
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.
€194
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
€916
€371
€945
€1197
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.

-
-
-
4 000
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.

-
-
-
300
trade
-
-
-
281
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.

-
-
-
42
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.

-
-
-
766
total
-
-
-
1 389
Employee

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

2 185
-
4 000
-
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.

300
-
300
-
surtax

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

10
-
42
-
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.

180
-
766
-
total
490
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 815
4 000
-
-
trade
260
574
-
-
chamber of commerce
9
12
-
-
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.

15
33
-
-
income
272
600
-
-
total
556
1 219
-
-
Dividends
1 258
2 780
-
-
surtax

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

16
37
-
-
withholding
298
678
-
-
total
314
715
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 360
1 934
1 108
1 389
After tax
2 640
2 066
2 892
2 611
Living cost
1 695
1 695
1 695
1 695
Free-cash
945
371
1 197
916

Estimated living cost  is €1695 per month

€1170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
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.
€319
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
€276
€298
€396
€276
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
-
-
-
4 000
income
-
-
-
874
social contributions
-
-
-
348
total
-
-
-
1 222
Employee
3 435
-
4 000
-
social contributions
285
-
348
-
income
648
-
874
-
total
933
-
1 222
-
Employer
3 435
-
4 000
-
total
-
-
-
-
Corporate
565
4 000
-
-
income
71
500
-
-
total
71
500
-
-
Dividends
494
3 500
-
-
withholding
99
700
-
-
total
99
700
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 103
1 200
1 222
1 222
After tax
2 897
2 800
2 778
2 778
Living cost
2 502
2 502
2 502
2 502
Free-cash
396
298
276
276

Estimated living cost  is €2502 per month

€1903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€204
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€371
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
€883
€774
€985
€1338
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.

-
-
-
4 000
income
-
-
-
1 250
health

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

-
-
-
273
total
-
-
-
1 523
Employee
2 014
-
3 798
-
social contributions
202
-
202
-
income
219
-
664
-
total
421
-
866
-
Employer
2 014
-
3 798
-
social contributions
202
-
202
-
total
202
-
202
-
Corporate
1 784
4 000
-
-
income
624
1 400
-
-
total
624
1 400
-
-
Dividends
1 159
2 600
-
-
social contributions
174
232
-
-
total
174
232
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 421
1 632
1 068
1 523
After tax
2 579
2 368
2 932
2 477
Living cost
1 594
1 594
1 594
1 594
Free-cash
985
774
1 338
883

Estimated living cost  is €1594 per month

€1050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
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.
€394
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
€1324
€1370
€1123
€891
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
-
-
-
4 000
pensions
-
-
-
287
income
-
-
-
762
total
-
-
-
1 049
Employee
2 234
-
3 529
-
health
29
-
56
-
pensions
170
-
326
-
income
407
-
629
-
total
606
-
1 011
-
Employer
2 234
-
3 529
-
health
42
-
67
-
pensions
226
-
404
-
total
268
-
471
-
Corporate
1 498
4 000
-
-
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.

285
760
-
-
total
285
760
-
-
Dividends
1 214
3 240
-
-
withholding
91
243
-
-
total
91
243
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 250
1 003
1 482
1 049
After tax
2 750
2 997
2 518
2 951
Living cost
1 627
1 627
1 627
1 627
Free-cash
1 123
1 370
891
1 324

Estimated living cost  is €1627 per month

€1116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
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.
€341
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
€1693
-€731
€161
€984
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
-
-
-
4 000
health
-
-
-
97
accident
-
-
-
11
other
-
-
-
16
pensions
-
-
-
184
income
-
-
-
944
total
-
-
-
1 252
Employee
1 659
-
3 373
-
health
190
-
386
-
pensions
187
-
338
-
income
228
-
610
-
total
605
-
1 334
-
Employer
1 659
-
3 373
-
accident
28
-
56
-
pensions
270
-
488
-
unemployment
41
-
83
-
total
339
-
627
-
Corporate
2 003
4 000
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 802
3 600
-
-
total
1 802
3 600
-
-
Dividends
200
400
-
-
withholding
38
76
-
-
total
38
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 784
3 676
1 961
1 252
After tax
1 216
324
2 039
2 748
Living cost
1 055
1 055
1 055
1 055
Free-cash
161
-731
984
1 693

Estimated living cost  is €1055 per month

€774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€198
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
€1704
€2808
€2594
€1840
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.

-
-
-
4 000
health insurance
-
-
-
296
work injury
-
-
-
20
pensions
-
-
-
736
unemployment
-
-
-
48
income
-
-
-
603
total
-
-
-
1 703
Employee

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

948
-
4 000
-
pensions
174
-
645
-
work injury
5
-
18
-
unemployment
11
-
42
-
health insurance
70
-
260
-
income
95
-
603
-
total
355
-
1 568
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 052
4 000
-
-
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
3 052
4 000
-
-
withholding
458
600
-
-
total
458
600
-
-
Income
4 000
4 000
4 000
4 000
Total tax
813
600
1 568
1 703
After tax
3 187
3 400
2 432
2 297
Living cost
592
592
592
592
Free-cash
2 594
2 808
1 840
1 704

Estimated living cost  is €592 per month

€367
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.
€18
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.
€164
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
€297
€358
€159
€113
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
-
-
-
4 000
regional
-
-
-
76
municipal
-
-
-
27
social contributions
-
-
-
1 029
national
-
-
-
822
total
-
-
-
1 954
Employee
3 700
-
4 000
-
regional
56
-
64
-
national
625
-
701
-
social contributions
1 248
-
1 349
-
municipal
22
-
24
-
total
1 951
-
2 138
-
Employer
3 700
-
4 000
-
total
-
-
-
-
Corporate
300
4 000
-
-
nationa
72
960
-
-
municipal
14
193
-
-
total
86
1 153
-
-
Dividends
213
2 847
-
-
withholding
55
740
-
-
total
55
740
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 092
1 893
2 138
1 954
After tax
1 908
2 107
1 862
2 046
Living cost
1 749
1 749
1 749
1 749
Free-cash
159
358
113
297

Estimated living cost  is €1749 per month

€1229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
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.
€374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
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