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
€694
€1562
€1178
€1254
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
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
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
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
-
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
-
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
-
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
-
total
350
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 320
4 000
-
-
income
348
600
-
-
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
-
-
trade
366
630
-
-
chamber of commerce
10
12
-
-
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
€180
€148
€84
€116
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
-
-
-
43
pensions
-
-
-
480
municipal
-
-
-
410
national
-
-
-
635
total
-
-
-
1 568
Employee
3 590
-
3 458
-
pensions
144
-
138
-
national
687
-
659
-
municipal
443
-
425
-
total
1 274
-
1 222
-
Employer
3 590
-
3 458
-
social contributions
39
-
37
-
pensions
287
-
277
-
total
326
-
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
1 600
1 504
1 536
1 568
After tax
2 400
2 496
2 464
2 432
Living cost
2 316
2 316
2 316
2 316
Free-cash
84
180
148
116

Estimated living cost  is €2316 per month

€1574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€215
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.
€492
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
€2286
€1345
€1926
€1226
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
surtax
-
-
-
-
microenterprise
-
-
-
-
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
total
-
-
-
1 860
Employee
1 283
-
3 224
-
income
228
-
610
-
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
-
total
369
-
965
-
Employer
1 283
-
3 224
-
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
-
surtax
-
-
-
-
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
-€115
-€362
-€362
€433
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
-
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
-
health
576
490
576
-
total
1 865
1 618
1 865
-
Employer
3 750
3 750
3 750
-
unemployment
135
135
135
-
health
261
261
261
-
pensions
261
261
261
-
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
€366
€318
€327
€178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 000
health
-
-
-
249
accident
-
-
-
8
unemployment
-
-
-
4
pensions
-
-
-
431
municipal
-
-
-
849
other
-
-
-
463
national
-
-
-
-
total
-
-
-
2 004
Employee
2 590
-
3 044
-
national
-
-
-
-
municipal
772
-
908
-
total
772
-
908
-
Employer
2 590
-
3 044
-
other
301
-
354
-
unemployment
68
-
80
-
health
159
-
187
-
accident
5
-
6
-
pensions
280
-
329
-
total
813
-
956
-
Corporate
596
4 000
-
-
income
131
880
-
-
total
131
880
-
-
Dividends
465
3 120
-
-
withholding
139
936
-
-
total
139
936
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 855
1 816
1 864
2 004
After tax
2 145
2 184
2 136
1 996
Living cost
1 818
1 818
1 818
1 818
Free-cash
327
366
318
178

Estimated living cost  is €1818 per month

€1205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€178
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.
€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 Stockholm model

Close
Hamburg , Germany
€278
€1167
€895
€845
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
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
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
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
-
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
-
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
-
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
-
total
501
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 773
4 000
-
-
income
266
600
-
-
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
-
-
trade
292
658
-
-
chamber of commerce
9
12
-
-
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
€1507
€1464
€1323
€1467
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
-
-
-
624
income
-
-
-
383
health
-
-
-
102
total
-
-
-
1 109
Employee
3 377
3 377
3 631
-
income
355
313
381
-
social contributions
164
280
301
-
health
34
57
62
-
total
553
650
744
-
Employer
3 377
3 377
3 631
-
social contributions
164
280
301
-
health
37
62
67
-
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
€1370
€1432
€1388
€1884
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
unemployment
-
-
-
60
pensions
-
-
-
400
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.

1 280
510
3 347
-
pensions
128
51
335
-
income
157
62
409
-
unemployment
19
8
50
-
health
90
36
234
-
total
394
157
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.

1 280
510
3 347
-
pensions
250
99
653
-
total
250
99
653
-
Corporate
2 470
3 391
-
-
income
222
305
-
-
total
222
305
-
-
Dividends
2 248
3 086
-
-
social contributions
432
596
-
-
withholding
427
586
-
-
total
859
1 182
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 725
1 743
1 681
1 229
After tax
2 275
2 257
2 319
2 771
Living cost
887
887
887
887
Free-cash
1 388
1 370
1 432
1 884

Estimated living cost  is €887 per month

€605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€191
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
€2139
€1244
€1866
€1083
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
-
-
-
800
income
-
-
-
536
health
-
-
-
520
total
-
-
-
1 856
Employee
1 246
-
2 990
-
pensions
25
-
60
-
income
140
-
576
-
unemployment
20
-
48
-
total
185
-
684
-
Employer
1 246
-
2 990
-
unemployment
10
-
24
-
health
162
-
389
-
pensions
249
-
598
-
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
-€658
€1054
€173
€1766
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
pensions
-
-
-
186
other
-
-
-
17
income
-
-
-
941
total
-
-
-
1 252
Employee
1 545
-
3 369
-
pensions
174
-
341
-
income
212
-
606
-
health
177
-
386
-
total
563
-
1 333
-
Employer
1 545
-
3 369
-
unemployment
38
-
83
-
accident
26
-
56
-
pensions
251
-
492
-
total
315
-
631
-
Corporate
2 140
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.

1 926
3 600
-
-
total
1 926
3 600
-
-
Dividends
214
400
-
-
withholding
41
76
-
-
total
41
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 845
3 676
1 964
1 252
After tax
1 155
324
2 036
2 748
Living cost
982
982
982
982
Free-cash
173
-658
1 054
1 766

Estimated living cost  is €982 per month

€720
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.
€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.
€187
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
€3441
€2841
€3373
€3601
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
449
-
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%.

3 551
4 000
-
-
total
-
-
-
-
Dividends
3 551
4 000
-
-
withholding
178
200
-
-
total
178
200
-
-
Income
4 000
4 000
4 000
4 000
Total tax
268
200
800
40
After tax
3 732
3 800
3 200
3 960
Living cost
359
359
359
359
Free-cash
3 373
3 441
2 841
3 601

Estimated living cost  is €359 per month

€223
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
€1769
€1173
€1472
€996
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

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
other
-
-
-
190
income
-
-
-
508
total
-
-
-
1 834
Employee
1 594
-
3 195
-
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
-
income
274
-
550
-
unemployment
16
-
32
-
health
22
-
45
-
total
424
-
851
-
Employer
1 594
-
3 195
-
other
80
-
160
-
unemployment
16
-
32
-
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
-
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
€70
-€409
-€708
€24
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 000
pensions
-
-
-
287
income
-
-
-
762
total
-
-
-
1 049
Employee
4 141
-
3 529
-
pensions
399
-
326
-
income
746
-
629
-
health
68
-
56
-
total
1 213
-
1 011
-
Employer
4 141
-
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
1 781
1 003
1 482
1 049
After tax
2 219
2 997
2 518
2 951
Living cost
2 927
2 927
2 927
2 927
Free-cash
-708
70
-409
24

Estimated living cost  is €2927 per month

€2193
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
€2847
€2537
€2644
€2419
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
unemployment
-
-
-
6
pensions

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

-
-
-
226
income
-
-
-
600
total
-
-
-
1 008
Employee
759
-
3 701
-
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
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
health
35
-
70
-
total
186
-
591
-
Employer
759
-
3 701
-
unemployment
5
-
9
-
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
-
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
-€710
-€957
-€784
-€162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 000
health
-
-
-
504
pensions
-
-
-
514
income
-
-
-
709
total
-
-
-
1 727
Employee
4 071
3 750
3 750
-
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
-
health
508
490
576
-
total
1 636
1 618
1 865
-
Employer
4 071
3 750
3 750
-
unemployment
147
135
135
-
health
283
261
261
-
pensions
283
261
261
-
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
€1662
€938
€1272
€856
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
solidarity contribution
-
-
-
-
social contributions
-
-
-
1 168
income
-
-
-
344
health
-
-
-
540
total
-
-
-
2 052
Employee
1 606
-
2 985
-
income
193
-
358
-
solidarity contribution
-
-
-
-
social contributions
104
-
194
-
health
217
-
403
-
total
514
-
955
-
Employer
1 606
-
2 985
-
social contributions
401
-
746
-
health
145
-
269
-
total
546
-
1 015
-
Corporate
1 848
4 000
-
-
income
351
760
-
-
total
351
760
-
-
Dividends
1 497
3 240
-
-
withholding
225
486
-
-
total
225
486
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 636
1 246
1 970
2 052
After tax
2 364
2 754
2 030
1 948
Living cost
1 092
1 092
1 092
1 092
Free-cash
1 272
1 662
938
856

Estimated living cost  is €1092 per month

€758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€234
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
€281
€38
€52
€229
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
social contributions
-
-
-
1 029
municipal
-
-
-
24
national
-
-
-
822
total
-
-
-
1 918
Employee
3 903
-
4 000
-
regional
37
-
38
-
national
676
-
701
-
municipal
21
-
21
-
social contributions
1 316
-
1 349
-
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
€1547
€1053
€1410
€1129
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
surtax
-
-
-
83
health
-
-
-
284
unemployment
-
-
-
10
pensions
-
-
-
800
other
-
-
-
-
income
-
-
-
725
total
-
-
-
1 902
Employee
1 452
-
3 304
-
pensions
97
-
220
-
income
243
-
675
-
surtax
5
-
74
-
unemployment
101
-
230
-
other
-
-
-
-
health
37
-
84
-
total
483
-
1 283
-
Employer
1 452
-
3 304
-
other
-
-
-
-
unemployment
46
-
105
-
health
66
-
150
-
pensions
194
-
440
-
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
€997
€518
€652
€951
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
2 775
-
3 529
-
pensions
236
-
326
-
income
500
-
629
-
health
40
-
56
-
total
776
-
1 011
-
Employer
2 775
-
3 529
-
health
53
-
67
-
pensions
300
-
404
-
total
353
-
471
-
Corporate
872
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.

166
760
-
-
total
166
760
-
-
Dividends
706
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
2 000
2 000
2 000
2 000
Free-cash
652
997
518
951

Estimated living cost  is €2000 per month

€1498
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
-€1719
-€396
-€548
-€190
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
city
-
-
-
42
health
-
-
-
12
regional
-
-
-
123
pensions
-
-
-
368
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
national
-
-
-
18
total
-
-
-
643
Employee
4 151
-
3 580
-
pensions
349
-
301
-
regional
136
-
105
-
unemployment
-
-
-
-
national
20
-
15
-
city
45
-
38
-
health
9
-
8
-
total
559
-
467
-
Employer
4 151
-
3 580
-
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.

83
-
72
-
unemployment
-
-
-
-
health
9
-
8
-
pensions
349
-
301
-
total
441
-
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
1 000
2 171
848
643
After tax
3 000
1 829
3 152
3 357
Living cost
3 548
3 548
3 548
3 548
Free-cash
-548
-1 719
-396
-190

Estimated living cost  is €3548 per month

€2307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€318
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.
€879
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
-€29
€880
€683
€544
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
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
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
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
-
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
-
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
-
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
-
total
627
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 361
4 000
-
-
income
204
600
-
-
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
-
-
trade
233
686
-
-
chamber of commerce
9
12
-
-
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
€514
€798
€773
€812
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
surtax
-
-
-
-
health
-
-
-
53
social contributions
-
-
-
114
pensions
-
-
-
1 069
other
-
-
-
124
income
-
-
-
326
total
-
-
-
1 686
Employee
1 879
-
3 048
-
pensions
212
-
345
-
income
111
-
317
-
surtax
-
-
-
-
social contributions
54
-
87
-
total
377
-
749
-
Employer
1 879
-
3 048
-
other
65
-
105
-
social contributions
6
-
9
-
unemployment
76
-
123
-
health
132
-
213
-
pensions
309
-
501
-
total
588
-
951
-
Corporate
1 534
4 000
-
-
income
429
1 120
-
-
surtax
-
-
-
-
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
€662
€946
€905
€960
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
surtax
-
-
-
-
health
-
-
-
53
social contributions
-
-
-
114
pensions
-
-
-
1 069
other
-
-
-
124
income
-
-
-
326
total
-
-
-
1 686
Employee
1 678
-
3 048
-
pensions
190
-
345
-
income
86
-
317
-
surtax
-
-
-
-
social contributions
48
-
87
-
total
324
-
749
-
Employer
1 678
-
3 048
-
other
58
-
105
-
social contributions
5
-
9
-
unemployment
68
-
123
-
health
117
-
213
-
pensions
276
-
501
-
total
524
-
951
-
Corporate
1 798
4 000
-
-
income
504
1 120
-
-
surtax
-
-
-
-
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
€1510
€1665
€1532
€1638
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
-
-
-
552
income
-
-
-
600
health
-
-
-
279
total
-
-
-
1 431
Employee
1 489
-
4 000
-
income
248
-
573
-
social contributions
206
-
552
-
health
104
-
279
-
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
-
-
withholding
358
570
-
-
health
166
265
-
-
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
€703
-€266
€634
€510
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
surtax
-
-
-
9
health
-
-
-
306
unemployment
-
-
-
269
pensions
-
-
-
740
chamber of commerce
-
-
-
16
income
-
-
-
603
total
-
-
-
1 943
Employee
2 195
1 750
3 099
-
pensions
225
179
317
-
income
250
129
525
-
unemployment
66
52
93
-
other
22
18
31
-
health
85
68
120
-
total
648
446
1 086
-
Employer
2 195
1 750
3 099
-
other
104
83
147
-
payroll
66
52
93
-
unemployment
66
52
93
-
health
83
66
117
-
accident
28
23
40
-
chamber of commerce
9
7
12
-
surtax
9
9
9
-
pensions
275
220
389
-
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
€644
-€18
-€56
€325
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
communal

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

-
-
-
204
social contributions
-
-
-
603
national
-
-
-
1 267
total
-
-
-
2 074
Employee

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

3 141
-
3 098
-
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
-
communal

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

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

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

3 141
-
3 098
-
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
-
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
-
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
-
surtax
356
-
351
-
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
-
total
914
-
901
-
Corporate
-
4 000
-
-
income
-
800
-
-
surtax
-
16
-
-
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
€1110
€555
€761
€527
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
unemployment
-
-
-
28
pensions
-
-
-
1 132
other
-
-
-
4
income
-
-
-
687
total
-
-
-
1 887
Employee
2 186
-
3 033
-
pensions
103
-
143
-
income
461
-
699
-
unemployment
34
-
47
-
other
2
-
3
-
total
600
-
892
-
Employer
2 186
-
3 033
-
other
17
-
24
-
unemployment
120
-
167
-
accident
43
-
60
-
pensions
516
-
716
-
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
€74
€139
-€207
-€52
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
communal
-
-
-
253
surtax
-
-
-
198
health
-
-
-
281
accident
-
-
-
34
pensions
-
-
-
600
income
-
-
-
300
total
-
-
-
1 666
Employee
3 326
-
3 573
-
pensions
266
-
286
-
income
321
-
384
-
surtax
204
-
219
-
health
148
-
159
-
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
-
-
income
42
600
-
-
surtax
3
42
-
-
communal
-
270
-
-
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
€1530
€1036
€1390
€1112
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
surtax
-
-
-
83
health
-
-
-
284
unemployment
-
-
-
10
pensions
-
-
-
800
other
-
-
-
-
income
-
-
-
725
total
-
-
-
1 902
Employee
1 479
-
3 304
-
pensions
99
-
220
-
income
248
-
675
-
surtax
5
-
74
-
unemployment
103
-
230
-
other
-
-
-
-
health
38
-
84
-
total
493
-
1 283
-
Employer
1 479
-
3 304
-
other
-
-
-
-
unemployment
47
-
105
-
health
67
-
150
-
pensions
197
-
440
-
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
€919
€692
€822
€882
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
social contributions
-
-
-
1 029
municipal
-
-
-
24
national
-
-
-
822
total
-
-
-
1 935
Employee
2 436
-
4 000
-
regional
33
-
54
-
national
386
-
701
-
municipal
13
-
21
-
social contributions
821
-
1 349
-
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
€1408
€685
€929
€603
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
solidarity contribution
-
-
-
-
social contributions
-
-
-
1 168
income
-
-
-
344
health
-
-
-
540
total
-
-
-
2 052
Employee
1 979
-
2 985
-
income
237
-
358
-
solidarity contribution
-
-
-
-
social contributions
129
-
194
-
health
267
-
403
-
total
633
-
955
-
Employer
1 979
-
2 985
-
social contributions
495
-
746
-
health
178
-
269
-
total
673
-
1 015
-
Corporate
1 349
4 000
-
-
income
256
760
-
-
total
256
760
-
-
Dividends
1 092
3 240
-
-
withholding
164
486
-
-
total
164
486
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 726
1 246
1 970
2 052
After tax
2 274
2 754
2 030
1 948
Living cost
1 346
1 346
1 346
1 346
Free-cash
929
1 408
685
603

Estimated living cost  is €1346 per month

€1001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€75
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.
€247
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
€853
-€120
€829
€665
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
surtax
-
-
-
-
health
-
-
-
306
unemployment
-
-
-
269
pensions
-
-
-
740
chamber of commerce
-
-
-
16
income
-
-
-
603
total
-
-
-
1 934
Employee
1 920
1 750
3 106
-
pensions
197
179
318
-
income
171
129
529
-
unemployment
58
52
93
-
other
19
18
31
-
health
74
68
120
-
total
519
446
1 091
-
Employer
1 920
1 750
3 106
-
other
91
83
148
-
payroll
58
52
93
-
unemployment
58
52
93
-
health
73
66
117
-
accident
25
23
40
-
chamber of commerce
8
7
12
-
surtax
-
-
-
-
pensions
241
220
390
-
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
€3240
€2640
€3135
€3400
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
699
-
4 000
-
income
140
-
800
-
total
140
-
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%.

3 301
4 000
-
-
total
-
-
-
-
Dividends
3 301
4 000
-
-
withholding
165
200
-
-
total
165
200
-
-
Income
4 000
4 000
4 000
4 000
Total tax
305
200
800
40
After tax
3 695
3 800
3 200
3 960
Living cost
560
560
560
560
Free-cash
3 135
3 240
2 640
3 400

Estimated living cost  is €560 per month

€379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€139
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
€1576
€795
€1209
€909
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
unemployment
-
-
-
6
pensions
-
-
-
730
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
-
pensions
301
-
536
-
income
335
-
724
-
unemployment
3
-
5
-
health
125
-
224
-
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
-
unemployment
1
-
2
-
health
129
-
230
-
pensions
172
-
306
-
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
€379
€1319
-€3102
€709
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
2 947
-
-
-
income
650
-
-
-
social contributions
242
-
34
-
total
892
-
34
-
Employer
2 947
-
-
-
social contributions
4 155
-
592
-
total
4 155
-
592
-
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
5 047
1 566
626
1 236
After tax
-1 047
2 434
3 374
2 764
Living cost
2 055
2 055
2 055
2 055
Free-cash
-3 102
379
1 319
709

Estimated living cost  is €2055 per month

€1333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€193
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.
€502
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
€898
€685
€854
€873
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
surtax
-
-
-
-
social contributions

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

-
-
-
1 390
income
-
-
-
360
total
-
-
-
1 750
Employee
2 020
-
3 232
-
income
420
-
814
-
surtax
-
-
-
-
social contributions
222
-
356
-
total
642
-
1 170
-
Employer
2 020
-
3 232
-
social contributions
480
-
768
-
total
480
-
768
-
Corporate
1 501
4 000
-
-
income
315
840
-
-
surtax
-
-
-
-
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
-€105
€179
€199
€193
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
surtax
-
-
-
-
health
-
-
-
53
social contributions
-
-
-
114
pensions
-
-
-
1 069
other
-
-
-
124
income
-
-
-
326
total
-
-
-
1 686
Employee
2 750
-
3 048
-
pensions
311
-
345
-
income
240
-
317
-
surtax
-
-
-
-
social contributions
78
-
87
-
total
629
-
749
-
Employer
2 750
-
3 048
-
other
95
-
105
-
social contributions
8
-
9
-
unemployment
111
-
123
-
health
192
-
213
-
pensions
452
-
501
-
total
858
-
951
-
Corporate
391
4 000
-
-
income
109
1 120
-
-
surtax
-
-
-
-
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
€2280
€1856
€2132
€1744
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
-€5553
-€5553
-€5553
€390
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
labour market
-
-
-
317
pensions
-
-
-
38
municipal
-
-
-
726
national
-
-
-
418
total
-
-
-
1 499
Employee
8 912
8 912
8 912
-
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
8 912
8 912
8 912
-
labour market
713
713
713
-
national
1 091
1 091
1 091
-
municipal
1 901
1 901
1 901
-
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
-5 553
-5 553
-5 553
390

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
-€644
€1068
€176
€1780
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
pensions
-
-
-
186
other
-
-
-
17
income
-
-
-
941
total
-
-
-
1 252
Employee
1 522
-
3 369
-
pensions
171
-
341
-
income
209
-
606
-
health
174
-
386
-
total
554
-
1 333
-
Employer
1 522
-
3 369
-
unemployment
37
-
83
-
accident
25
-
56
-
pensions
248
-
492
-
total
310
-
631
-
Corporate
2 167
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.

1 951
3 600
-
-
total
1 951
3 600
-
-
Dividends
217
400
-
-
withholding
41
76
-
-
total
41
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 856
3 676
1 964
1 252
After tax
1 144
324
2 036
2 748
Living cost
968
968
968
968
Free-cash
176
-644
1 068
1 780

Estimated living cost  is €968 per month

€705
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.
€190
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
€1004
€627
€868
€1199
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
municipal
-
-
-
712
national
-
-
-
360
health
-
-
-
43
total
-
-
-
1 115
Employee
2 310
-
3 365
-
pensions
156
-
227
-
unemployment
35
-
50
-
national
38
-
191
-
municipal
378
-
550
-
health
17
-
34
-
total
624
-
1 052
-
Employer
2 310
-
3 365
-
unemployment
15
-
22
-
health
18
-
26
-
accident
2
-
3
-
pensions
401
-
584
-
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
€1914
€1871
€1674
€1874
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
-
-
-
624
income
-
-
-
383
health
-
-
-
102
total
-
-
-
1 109
Employee
3 377
3 377
3 631
-
income
368
313
381
-
social contributions
128
280
301
-
health
26
57
62
-
total
522
650
744
-
Employer
3 377
3 377
3 631
-
social contributions
128
280
301
-
health
28
62
67
-
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
€2615
€1772
€2392
€2488
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
unemployment
-
-
-
1
pensions
-
-
-
279
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
-
pensions
151
-
544
-
income
69
-
288
-
unemployment
5
-
18
-
health
86
-
308
-
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
-
unemployment
5
-
18
-
health
43
-
156
-
pensions
55
-
199
-
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
€1488
€933
€1258
€905
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
unemployment
-
-
-
28
pensions
-
-
-
1 132
other
-
-
-
4
income
-
-
-
687
total
-
-
-
1 887
Employee
1 624
-
3 033
-
pensions
76
-
143
-
income
313
-
699
-
unemployment
25
-
47
-
other
2
-
3
-
total
416
-
892
-
Employer
1 624
-
3 033
-
other
13
-
24
-
unemployment
89
-
167
-
accident
32
-
60
-
pensions
383
-
716
-
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
€2418
€2470
€2406
€2476
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
-
-
-
41
pensions
-
-
-
57
income
-
-
-
1 348
total
-
-
-
1 446
Employee
119
-
3 936
-
pensions
11
-
26
-
income
23
-
1 345
-
unemployment
1
-
3
-
health
6
-
14
-
total
41
-
1 388
-
Employer
119
-
3 936
-
unemployment
2
-
6
-
health
11
-
27
-
pensions
13
-
31
-
total
26
-
64
-
Corporate
3 854
4 000
-
-
income
848
880
-
-
total
848
880
-
-
Dividends
3 006
3 120
-
-
withholding
601
624
-
-
total
601
624
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 516
1 504
1 452
1 446
After tax
2 484
2 496
2 548
2 554
Living cost
78
78
78
78
Free-cash
2 406
2 418
2 470
2 476

Estimated living cost  is €78 per month

€46
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€24
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€2132
€1311
€1915
€1311
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
unemployment
-
-
-
49
pensions
-
-
-
842
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
-
pensions
160
-
454
-
income
158
-
706
-
unemployment
9
-
24
-
health
59
-
167
-
total
386
-
1 351
-
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
-
unemployment
9
-
24
-
health
59
-
167
-
pensions
137
-
389
-
total
205
-
580
-
Corporate
2 652
4 000
-
-
income
398
600
-
-
total
398
600
-
-
Dividends
2 254
3 400
-
-
withholding
338
510
-
-
total
338
510
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 327
1 110
1 931
1 931
After tax
2 673
2 890
2 069
2 069
Living cost
758
758
758
758
Free-cash
1 915
2 132
1 311
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
€1091
€878
€1075
€1066
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
surtax
-
-
-
-
social contributions

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

-
-
-
1 390
income
-
-
-
360
total
-
-
-
1 750
Employee
1 704
-
3 232
-
income
333
-
814
-
surtax
-
-
-
-
social contributions
188
-
356
-
total
521
-
1 170
-
Employer
1 704
-
3 232
-
social contributions
405
-
768
-
total
405
-
768
-
Corporate
1 891
4 000
-
-
income
397
840
-
-
surtax
-
-
-
-
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
€1153
€598
€818
€570
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
unemployment
-
-
-
28
pensions
-
-
-
1 132
other
-
-
-
4
income
-
-
-
687
total
-
-
-
1 887
Employee
2 121
-
3 033
-
pensions
100
-
143
-
income
443
-
699
-
unemployment
33
-
47
-
other
2
-
3
-
total
578
-
892
-
Employer
2 121
-
3 033
-
other
17
-
24
-
unemployment
117
-
167
-
accident
42
-
60
-
pensions
500
-
716
-
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
€2668
€2358
€2401
€2240
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
unemployment
-
-
-
6
pensions

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

-
-
-
226
income
-
-
-
600
total
-
-
-
1 008
Employee
995
-
3 701
-
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
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
health
46
-
70
-
total
244
-
591
-
Employer
995
-
3 701
-
unemployment
6
-
9
-
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
-
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
€371
€1197
€945
€916
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
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
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
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
-
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
-
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
-
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
-
total
490
-
1 108
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 815
4 000
-
-
income
272
600
-
-
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
-
-
trade
260
574
-
-
chamber of commerce
9
12
-
-
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
€298
€276
€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
€774
€1338
€985
€890
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.

-
-
-
266
total
-
-
-
1 516
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
1 516
After tax
2 579
2 368
2 932
2 484
Living cost
1 594
1 594
1 594
1 594
Free-cash
985
774
1 338
890

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
€1371
€892
€1126
€1325
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
2 231
-
3 529
-
pensions
170
-
326
-
income
406
-
629
-
health
29
-
56
-
total
605
-
1 011
-
Employer
2 231
-
3 529
-
health
42
-
67
-
pensions
225
-
404
-
total
267
-
471
-
Corporate
1 501
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
1 216
3 240
-
-
withholding
91
243
-
-
total
91
243
-
-
Income
4 000
4 000
4 000
4 000
Total tax
1 248
1 003
1 482
1 049
After tax
2 752
2 997
2 518
2 951
Living cost
1 626
1 626
1 626
1 626
Free-cash
1 126
1 371
892
1 325

Estimated living cost  is €1626 per month

€1115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€149
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
-€740
€972
€160
€1684
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
pensions
-
-
-
186
other
-
-
-
17
income
-
-
-
941
total
-
-
-
1 252
Employee
1 673
-
3 369
-
pensions
188
-
341
-
income
230
-
606
-
health
192
-
386
-
total
610
-
1 333
-
Employer
1 673
-
3 369
-
unemployment
41
-
83
-
accident
28
-
56
-
pensions
272
-
492
-
total
341
-
631
-
Corporate
1 986
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.

1 787
3 600
-
-
total
1 787
3 600
-
-
Dividends
199
400
-
-
withholding
38
76
-
-
total
38
76
-
-
Income
4 000
4 000
4 000
4 000
Total tax
2 776
3 676
1 964
1 252
After tax
1 224
324
2 036
2 748
Living cost
1 064
1 064
1 064
1 064
Free-cash
160
-740
972
1 684

Estimated living cost  is €1064 per month

€781
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€62
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.
€200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
€2808
€1841
€2595
€1705
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
work injury
-
-
-
20
health insurance
-
-
-
296
unemployment
-
-
-
48
pensions
-
-
-
736
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
-
income
95
-
603
-
health insurance
70
-
259
-
work injury
5
-
18
-
unemployment
11
-
42
-
total
355
-
1 567
-
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
1 567
1 703
After tax
3 187
3 400
2 433
2 297
Living cost
592
592
592
592
Free-cash
2 595
2 808
1 841
1 705

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
€358
€113
€159
€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
regional
-
-
-
76
social contributions
-
-
-
1 029
municipal
-
-
-
27
national
-
-
-
822
total
-
-
-
1 954
Employee
3 700
-
4 000
-
regional
56
-
64
-
national
625
-
701
-
municipal
22
-
24
-
social contributions
1 248
-
1 349
-
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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