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
€ 450
per

Your estimated
City
free-cash

Dresden , Germany
€46
€46
€34
-€79
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.

-
-
-
450
trade
-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
27
surtax

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

-
-
-
1
total
-
-
-
97
Employee

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

388
-
450
-
surtax

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

1
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

11
-
27
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
81
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62
450
-
-
trade
10
71
-
-
surtax

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

1
4
-
-
income
9
68
-
-
chamber of commerce
2
2
-
-
total
22
145
-
-
Dividends
41
306
-
-
surtax

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

-
4
-
-
withholding
6
73
-
-
total
6
77
-
-
Income
450
450
450
450
Total tax
109
222
97
97
After tax
341
228
353
353
Living cost
307
307
307
307
Free-cash
34
-79
46
46

Estimated living cost  is €307 per week

€193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-€222
-€219
-€415
-€230
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
-
-
-
450
social contributions
-
-
-
5
municipal
-
-
-
40
national
-
-
-
62
pensions
-
-
-
54
total
-
-
-
161
Employee
793
-
389
-
pensions
32
-
16
-
national
152
-
65
-
municipal
98
-
42
-
total
282
-
123
-
Employer
793
-
389
-
pensions
63
-
31
-
social contributions
9
-
4
-
total
72
-
35
-
Corporate
-
450
-
-
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%.

-
90
-
-
total
-
90
-
-
Dividends
-
360
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
354
169
158
161
After tax
96
281
292
289
Living cost
511
511
511
511
Free-cash
-415
-230
-219
-222

Estimated living cost  is €511 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
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
€139
€47
€65
€149
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.

-
-
-
450
social contributions

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

-
-
-
32
income
-
-
-
-
microenterprise
-
-
-
68
surtax
-
-
-
-
total
-
-
-
100
Employee
296
-
363
-
income
53
-
65
-
social contributions

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

33
-
40
-
surtax
-
-
-
-
total
86
-
105
-
Employer
296
-
363
-
social contributions

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

71
-
87
-
surtax
-
-
-
-
total
71
-
87
-
Corporate
83
450
-
-
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%.

17
90
-
-
total
17
90
-
-
Dividends

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

66
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
174
90
192
100
After tax
276
360
258
350
Living cost
211
211
211
211
Free-cash
65
149
47
139

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-€166
-€557
-€557
-€500
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
-
-
-
450
health
-
-
-
69
income
-
-
-
41
pensions
-
-
-
81
total
-
-
-
191
Employee
865
865
865
-
income

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

142
142
142
-
pensions
156
119
156
-
health
133
113
133
-
total
431
374
431
-
Employer
865
865
865
-
pensions
60
60
60
-
health
60
60
60
-
unemployment
31
31
31
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
582
525
582
191
After tax
-132
-75
-132
259
Living cost
425
425
425
425
Free-cash
-557
-500
-557
-166

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-€165
-€150
-€281
-€144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
other
-
-
-
52
unemployment
-
-
-
-
accident
-
-
-
1
municipal
-
-
-
95
health
-
-
-
28
national
-
-
-
-
pensions
-
-
-
49
total
-
-
-
225
Employee
555
-
342
-
national
-
-
-
-
municipal
166
-
102
-
total
166
-
102
-
Employer
555
-
342
-
pensions
60
-
37
-
other
65
-
40
-
accident
1
-
1
-
health
34
-
21
-
unemployment
15
-
9
-
total
175
-
108
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
450
450
450
450
Total tax
341
204
210
225
After tax
109
246
240
225
Living cost
390
390
390
390
Free-cash
-281
-144
-150
-165

Estimated living cost  is €390 per week

€258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€87
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
-€45
-€45
-€63
-€172
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.

-
-
-
450
trade
-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
27
surtax

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

-
-
-
1
total
-
-
-
97
Employee

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

514
-
450
-
surtax

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

2
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

44
-
27
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
115
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
74
-
-
surtax

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

-
4
-
-
income
-
68
-
-
chamber of commerce
-
2
-
-
total
-
148
-
-
Dividends
-
303
-
-
surtax

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

-
4
-
-
withholding
-
72
-
-
total
-
76
-
-
Income
450
450
450
450
Total tax
115
224
97
97
After tax
335
226
353
353
Living cost
398
398
398
398
Free-cash
-63
-172
-45
-45

Estimated living cost  is €398 per week

€266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
€40
-€45
-€53
-€108
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
-
-
-
450
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
779
779
779
-
income
82
72
83
-
social contributions
38
65
34
-
health
8
13
7
-
total
128
150
124
-
Employer
779
779
779
-
health
8
14
8
-
social contributions
38
65
34
-
total
46
79
42
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
174
229
166
81
After tax
276
221
284
369
Living cost
329
329
329
329
Free-cash
-53
-108
-45
40

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€127
€76
€73
€70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
unemployment
-
-
-
7
health
-
-
-
31
income
-
-
-
55
pensions
-
-
-
45
total
-
-
-
138
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.

267
106
377
-
income
33
13
46
-
pensions
27
11
38
-
unemployment
4
2
6
-
health
19
7
26
-
total
83
33
116
-
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.

267
106
377
-
pensions
52
21
73
-
total
52
21
73
-
Corporate
131
323
-
-
income
12
29
-
-
total
12
29
-
-
Dividends
119
294
-
-
social contributions
22
56
-
-
withholding
23
56
-
-
total
45
112
-
-
Income
450
450
450
450
Total tax
192
195
189
138
After tax
258
255
261
312
Living cost
185
185
185
185
Free-cash
73
70
76
127

Estimated living cost  is €185 per week

€126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€17
€32
€52
€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
health
-
-
-
58
income
-
-
-
40
pensions
-
-
-
90
total
-
-
-
188
Employee
287
-
336
-
income
32
-
47
-
pensions
6
-
7
-
unemployment
5
-
5
-
total
43
-
59
-
Employer
287
-
336
-
pensions
58
-
67
-
health
37
-
44
-
unemployment
2
-
3
-
total
97
-
114
-
Corporate
65
450
-
-
income
13
90
-
-
total
13
90
-
-
Dividends
52
360
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
153
90
173
188
After tax
297
360
277
262
Living cost
245
245
245
245
Free-cash
52
115
32
17

Estimated living cost  is €245 per week

€168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
€90
€16
€2
-€186
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
-
-
-
450
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
67
pensions
-
-
-
42
total
-
-
-
138
Employee
349
-
374
-
income
48
-
51
-
pensions
39
-
42
-
health
40
-
43
-
total
127
-
136
-
Employer
349
-
374
-
pensions
57
-
61
-
accident
6
-
6
-
unemployment
9
-
9
-
total
72
-
76
-
Corporate
29
450
-
-
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.

26
405
-
-
total
26
405
-
-
Dividends
3
45
-
-
withholding
1
9
-
-
total
1
9
-
-
Income
450
450
450
450
Total tax
226
414
212
138
After tax
224
36
238
312
Living cost
222
222
222
222
Free-cash
2
-186
16
90

Estimated living cost  is €222 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€355
€269
€319
€336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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%.

-
-
-
450
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
114
-
450
-
income
23
-
90
-
total
23
-
90
-
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%.

336
450
-
-
total
-
-
-
-
Dividends
336
450
-
-
withholding
17
23
-
-
total
17
23
-
-
Income
450
450
450
450
Total tax
40
23
90
4
After tax
410
427
360
446
Living cost
91
91
91
91
Free-cash
319
336
269
355

Estimated living cost  is €91 per week

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-€26
-€7
-€11
€61
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
-
-
-
450
other
-
-
-
21
health
-
-
-
20
income
-
-
-
57
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.

-
-
-
108
total
-
-
-
206
Employee
368
-
359
-
income
63
-
62
-
pensions

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

26
-
25
-
unemployment
4
-
4
-
health
5
-
5
-
total
98
-
96
-
Employer
368
-
359
-
pensions

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

63
-
61
-
other
18
-
18
-
accident
3
-
3
-
health
5
-
5
-
unemployment
4
-
4
-
total
93
-
91
-
Corporate
-
450
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
25
-
-
total
-
25
-
-
Income
450
450
450
450
Total tax
191
119
187
206
After tax
259
331
263
244
Living cost
270
270
270
270
Free-cash
-11
61
-7
-26

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-€340
-€382
-€647
-€344
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
-
-
-
450
income
-
-
-
85
pensions
-
-
-
23
total
-
-
-
108
Employee
965
-
406
-
income
174
-
75
-
pensions
93
-
26
-
health
16
-
4
-
total
283
-
105
-
Employer
965
-
406
-
pensions
114
-
37
-
health
18
-
8
-
total
132
-
45
-
Corporate
-
450
-
-
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.

-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
415
112
150
108
After tax
35
338
300
342
Living cost
682
682
682
682
Free-cash
-647
-344
-382
-340

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€156
€159
€205
€252
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
-
-
-
450
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
67
pensions

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

-
-
-
52
total
-
-
-
161
Employee
176
-
381
-
income
18
-
38
-
pensions

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

15
-
31
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
43
-
89
-
Employer
176
-
381
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
239
450
-
-
income
24
45
-
-
total
24
45
-
-
Dividends
216
405
-
-
withholding
11
20
-
-
total
11
20
-
-
Income
450
450
450
450
Total tax
112
65
158
161
After tax
338
385
292
289
Living cost
133
133
133
133
Free-cash
205
252
159
156

Estimated living cost  is €133 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-€303
-€694
-€654
-€637
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
-
-
-
450
health
-
-
-
69
income
-
-
-
41
pensions
-
-
-
81
total
-
-
-
191
Employee
940
865
865
-
income

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

142
142
142
-
pensions
119
119
156
-
health
117
113
133
-
total
378
374
431
-
Employer
940
865
865
-
pensions
65
60
60
-
health
65
60
60
-
unemployment
34
31
31
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
542
525
582
191
After tax
-92
-75
-132
259
Living cost
562
562
562
562
Free-cash
-654
-637
-694
-303

Estimated living cost  is €562 per week

€415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-€24
-€14
-€28
€66
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
social contributions
-
-
-
131
health
-
-
-
61
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
358
-
336
-
income
43
-
40
-
solidarity contribution
-
-
-
-
social contributions
23
-
22
-
health
48
-
45
-
total
114
-
107
-
Employer
358
-
336
-
health
32
-
30
-
social contributions
89
-
84
-
total
121
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
235
141
221
231
After tax
215
309
229
219
Living cost
243
243
243
243
Free-cash
-28
66
-14
-24

Estimated living cost  is €243 per week

€169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-€180
-€205
-€451
-€188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
social contributions
-
-
-
116
municipal
-
-
-
3
national
-
-
-
79
regional
-
-
-
4
total
-
-
-
202
Employee
901
-
450
-
national
156
-
69
-
social contributions
304
-
152
-
municipal
5
-
2
-
regional
8
-
4
-
total
473
-
227
-
Employer
901
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
18
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
84
-
-
total
-
84
-
-
Income
450
450
450
450
Total tax
473
210
227
202
After tax
-23
240
223
248
Living cost
428
428
428
428
Free-cash
-451
-188
-205
-180

Estimated living cost  is €428 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€35
€23
€27
€59
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
-
-
-
450
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
32
income
-
-
-
65
surtax
-
-
-
2
pensions
-
-
-
90
total
-
-
-
191
Employee
335
-
372
-
income
56
-
62
-
pensions
22
-
25
-
unemployment
23
-
26
-
health
9
-
9
-
other
-
-
-
-
surtax
1
-
2
-
total
111
-
124
-
Employer
335
-
372
-
pensions
45
-
50
-
other
-
-
-
-
health
15
-
17
-
unemployment
11
-
12
-
total
71
-
79
-
Corporate
44
450
-
-
income
12
117
-
-
total
12
117
-
-
Dividends
33
333
-
-
withholding
5
50
-
-
total
5
50
-
-
Income
450
450
450
450
Total tax
199
167
203
191
After tax
251
283
247
259
Living cost
224
224
224
224
Free-cash
27
59
23
35

Estimated living cost  is €224 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-€124
-€166
-€278
-€128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
85
pensions
-
-
-
23
total
-
-
-
108
Employee
646
-
406
-
income
116
-
75
-
pensions
55
-
26
-
health
9
-
4
-
total
180
-
105
-
Employer
646
-
406
-
pensions
70
-
37
-
health
12
-
8
-
total
82
-
45
-
Corporate
-
450
-
-
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.

-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
262
112
150
108
After tax
188
338
300
342
Living cost
466
466
466
466
Free-cash
-278
-128
-166
-124

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€382
-€411
-€531
-€560
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
-
-
-
450
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.

-
-
-
9
health
-
-
-
2
city
-
-
-
5
national
-
-
-
1
regional
-
-
-
8
pensions
-
-
-
41
total
-
-
-
66
Employee
896
-
400
-
pensions
75
-
37
-
national
4
-
1
-
unemployment
-
-
-
-
city
10
-
4
-
health
2
-
1
-
regional
29
-
6
-
total
120
-
49
-
Employer
896
-
400
-
pensions
75
-
37
-
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.

18
-
8
-
health
2
-
1
-
unemployment
-
-
-
-
total
95
-
46
-
Corporate
-
450
-
-
regional
-
95
-
-
national
-
38
-
-
total
-
133
-
-
Dividends
-
317
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
450
450
450
450
Total tax
215
244
95
66
After tax
235
206
355
384
Living cost
766
766
766
766
Free-cash
-531
-560
-411
-382

Estimated living cost  is €766 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

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
-€111
-€111
-€159
-€240
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.

-
-
-
450
trade
-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
27
surtax

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

-
-
-
1
total
-
-
-
97
Employee

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

609
-
450
-
surtax

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

4
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

72
-
27
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
145
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
77
-
-
surtax

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

-
4
-
-
income
-
68
-
-
chamber of commerce
-
2
-
-
total
-
151
-
-
Dividends
-
299
-
-
surtax

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

-
4
-
-
withholding
-
71
-
-
total
-
75
-
-
Income
450
450
450
450
Total tax
145
226
97
97
After tax
305
224
353
353
Living cost
464
464
464
464
Free-cash
-159
-240
-111
-111

Estimated living cost  is €464 per week

€339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-€75
-€68
-€119
-€120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
other
-
-
-
14
social contributions
-
-
-
13
health
-
-
-
4
income
-
-
-
14
surtax
-
-
-
-
pensions
-
-
-
133
total
-
-
-
178
Employee
434
-
343
-
income
26
-
15
-
pensions
49
-
39
-
social contributions
12
-
10
-
surtax
-
-
-
-
total
87
-
64
-
Employer
434
-
343
-
pensions
71
-
56
-
other
15
-
12
-
health
30
-
24
-
unemployment
18
-
14
-
social contributions
1
-
1
-
total
135
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
222
223
171
178
After tax
228
227
279
272
Living cost
347
347
347
347
Free-cash
-119
-120
-68
-75

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-€40
-€33
-€58
-€85
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
-
-
-
450
other
-
-
-
14
social contributions
-
-
-
13
health
-
-
-
4
income
-
-
-
14
surtax
-
-
-
-
pensions
-
-
-
133
total
-
-
-
178
Employee
387
-
343
-
income
20
-
15
-
pensions
44
-
39
-
social contributions
11
-
10
-
surtax
-
-
-
-
total
75
-
64
-
Employer
387
-
343
-
pensions
64
-
56
-
other
13
-
12
-
health
27
-
24
-
unemployment
16
-
14
-
social contributions
1
-
1
-
total
121
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
196
223
171
178
After tax
254
227
279
272
Living cost
312
312
312
312
Free-cash
-58
-85
-33
-40

Estimated living cost  is €312 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€74
€60
€60
€60
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
-
-
-
450
social contributions
-
-
-
62
health
-
-
-
31
income
-
-
-
68
total
-
-
-
161
Employee
344
-
450
-
income
57
-
82
-
social contributions
47
-
62
-
health
24
-
31
-
total
128
-
175
-
Employer
344
-
450
-
total
-
-
-
-
Corporate
106
450
-
-
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%.

5
22
-
-
total
5
22
-
-
Dividends
101
428
-
-
social contributions
18
59
-
-
health
9
30
-
-
withholding
15
64
-
-
total
42
153
-
-
Income
450
450
450
450
Total tax
175
175
175
161
After tax
275
275
275
289
Living cost
215
215
215
215
Free-cash
60
60
60
74

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-€105
-€182
-€215
-€138
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
-
-
-
450
chamber of commerce
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
34
income
-
-
-
15
surtax
-
-
-
2
pensions
-
-
-
83
total
-
-
-
198
Employee
506
404
404
-
income
58
30
32
-
pensions
52
41
35
-
unemployment
15
12
10
-
health
20
16
13
-
other
5
4
3
-
total
150
103
93
-
Employer
506
404
404
-
pensions
64
51
43
-
other
24
19
19
-
accident
7
5
4
-
health
19
15
13
-
payroll
15
12
12
-
chamber of commerce
2
2
2
-
unemployment
15
12
10
-
surtax
2
2
2
-
total
148
118
105
-
Corporate
38
38
306
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
77
-
total
10
10
77
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
308
231
275
198
After tax
142
219
175
252
Living cost
357
357
357
357
Free-cash
-215
-138
-182
-105

Estimated living cost  is €357 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-€110
-€168
-€486
-€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
-
-
-
450
social contributions
-
-
-
40
communal

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

-
-
-
25
national
-
-
-
126
total
-
-
-
191
Employee

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

725
-
349
-
pensions

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

54
-
26
-
national
223
-
83
-
unemployment

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

6
-
3
-
communal

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

38
-
18
-
health

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

34
-
16
-
total
355
-
146
-
Employer

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

725
-
349
-
pensions

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

64
-
31
-
accident

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

9
-
5
-
health

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

45
-
21
-
unemployment

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

11
-
5
-
surtax
82
-
40
-
total
211
-
102
-
Corporate
-
450
-
-
surtax
-
2
-
-
income
-
90
-
-
total
-
92
-
-
Dividends
-
358
-
-
withholding

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

-
104
-
-
total
-
104
-
-
Income
450
450
450
450
Total tax
566
196
248
191
After tax
-116
254
202
259
Living cost
370
370
370
370
Free-cash
-486
-116
-168
-110

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-€114
-€112
-€215
-€62
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
-
-
-
450
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
64
pensions
-
-
-
127
total
-
-
-
198
Employee
504
-
341
-
income
106
-
65
-
pensions
24
-
16
-
unemployment
8
-
5
-
other
-
-
-
-
total
138
-
86
-
Employer
504
-
341
-
pensions
119
-
81
-
other
4
-
3
-
accident
10
-
7
-
unemployment
28
-
19
-
total
161
-
110
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
299
146
196
198
After tax
151
304
254
252
Living cost
366
366
366
366
Free-cash
-215
-62
-112
-114

Estimated living cost  is €366 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-€252
-€253
-€408
-€268
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
-
-
-
450
accident
-
-
-
4
health
-
-
-
36
income
-
-
-
11
communal
-
-
-
-
surtax
-
-
-
23
pensions
-
-
-
77
total
-
-
-
151
Employee
767
-
392
-
income
74
-
11
-
pensions
61
-
39
-
health
34
-
21
-
surtax
47
-
23
-
total
216
-
94
-
Employer
767
-
392
-
pensions
61
-
39
-
accident
7
-
4
-
health
23
-
15
-
total
91
-
58
-
Corporate
-
450
-
-
communal
-
30
-
-
surtax
-
5
-
-
income
-
68
-
-
total
-
103
-
-
Dividends
-
347
-
-
withholding
-
52
-
-
income
-
12
-
-
total
-
64
-
-
Income
450
450
450
450
Total tax
307
167
152
151
After tax
143
283
298
299
Living cost
551
551
551
551
Free-cash
-408
-268
-253
-252

Estimated living cost  is €551 per week

€413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€31
€19
€21
€55
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
-
-
-
450
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
32
income
-
-
-
65
surtax
-
-
-
2
pensions
-
-
-
90
total
-
-
-
191
Employee
341
-
372
-
income
57
-
62
-
pensions
23
-
25
-
unemployment
24
-
26
-
health
9
-
9
-
other
-
-
-
-
surtax
1
-
2
-
total
114
-
124
-
Employer
341
-
372
-
pensions
46
-
50
-
other
-
-
-
-
health
16
-
17
-
unemployment
11
-
12
-
total
73
-
79
-
Corporate
37
450
-
-
income
10
117
-
-
total
10
117
-
-
Dividends
27
333
-
-
withholding
4
50
-
-
total
4
50
-
-
Income
450
450
450
450
Total tax
201
167
203
191
After tax
249
283
247
259
Living cost
228
228
228
228
Free-cash
21
55
19
31

Estimated living cost  is €228 per week

€137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-€28
-€52
-€113
-€36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
social contributions
-
-
-
116
municipal
-
-
-
3
national
-
-
-
79
regional
-
-
-
7
total
-
-
-
205
Employee
562
-
450
-
national
89
-
69
-
social contributions
190
-
152
-
municipal
3
-
2
-
regional
8
-
6
-
total
290
-
229
-
Employer
562
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
290
213
229
205
After tax
160
237
221
245
Living cost
273
273
273
273
Free-cash
-113
-36
-52
-28

Estimated living cost  is €273 per week

€170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-€81
-€71
-€142
€9
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
-
-
-
450
social contributions
-
-
-
131
health
-
-
-
61
income
-
-
-
39
solidarity contribution
-
-
-
-
total
-
-
-
231
Employee
441
-
336
-
income
53
-
40
-
solidarity contribution
-
-
-
-
social contributions
29
-
22
-
health
60
-
45
-
total
142
-
107
-
Employer
441
-
336
-
health
40
-
30
-
social contributions
110
-
84
-
total
150
-
114
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
292
141
221
231
After tax
158
309
229
219
Living cost
300
300
300
300
Free-cash
-142
9
-71
-81

Estimated living cost  is €300 per week

€223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
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
-€69
-€146
-€129
-€102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
chamber of commerce
-
-
-
2
unemployment
-
-
-
62
health
-
-
-
34
income
-
-
-
15
surtax
-
-
-
-
pensions
-
-
-
83
total
-
-
-
196
Employee
443
404
404
-
income
39
30
32
-
pensions
45
41
35
-
unemployment
13
12
10
-
health
17
16
13
-
other
4
4
3
-
total
118
103
93
-
Employer
443
404
404
-
pensions
56
51
43
-
other
21
19
19
-
accident
6
5
4
-
health
17
15
13
-
payroll
13
12
12
-
chamber of commerce
2
2
2
-
unemployment
13
12
10
-
surtax
-
-
-
-
total
128
116
103
-
Corporate
38
38
308
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

10
10
77
-
total
10
10
77
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
256
229
273
196
After tax
194
221
177
254
Living cost
323
323
323
323
Free-cash
-129
-102
-146
-69

Estimated living cost  is €323 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
€304
€218
€258
€285
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%.

-
-
-
450
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
178
-
450
-
income
36
-
90
-
total
36
-
90
-
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%.

272
450
-
-
total
-
-
-
-
Dividends
272
450
-
-
withholding
14
23
-
-
total
14
23
-
-
Income
450
450
450
450
Total tax
50
23
90
4
After tax
400
427
360
446
Living cost
142
142
142
142
Free-cash
258
285
218
304

Estimated living cost  is €142 per week

€96
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€35
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
-€19
-€33
-€68
€37
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.

-
-
-
450
unemployment
-
-
-
1
health
-
-
-
44
income
-
-
-
70
pensions
-
-
-
82
total
-
-
-
197
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
389
-
income
77
-
65
-
pensions
69
-
60
-
unemployment
1
-
1
-
health
29
-
25
-
total
176
-
151
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

448
-
389
-
pensions
40
-
34
-
health
30
-
26
-
unemployment
-
-
-
-
total
70
-
60
-
Corporate
-
450
-
-
income
-
86
-
-
total
-
86
-
-
Dividends
-
364
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
246
141
211
197
After tax
204
309
239
253
Living cost
272
272
272
272
Free-cash
-68
37
-33
-19

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-€125
-€119
-€1057
-€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
-
-
-
450
social contributions
-
-
-
51
income
-
-
-
88
total
-
-
-
139
Employee
626
-
-
-
income
138
-
-
-
social contributions
51
-
7
-
total
189
-
7
-
Employer
626
-
-
-
social contributions
882
-
126
-
total
882
-
126
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
income
-
77
-
-
total
-
77
-
-
Income
450
450
450
450
Total tax
1 071
176
133
139
After tax
-621
274
317
311
Living cost
436
436
436
436
Free-cash
-1 057
-162
-119
-125

Estimated living cost  is €436 per week

€283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
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
-€54
-€63
-€127
-€62
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.

-
-
-
450
social contributions

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

-
-
-
156
income
-
-
-
30
surtax
-
-
-
-
total
-
-
-
186
Employee
466
-
364
-
income
97
-
69
-
social contributions
51
-
40
-
surtax
-
-
-
-
total
148
-
109
-
Employer
466
-
364
-
social contributions
111
-
86
-
total
111
-
86
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
100
-
-
total
-
100
-
-
Income
450
450
450
450
Total tax
259
194
195
186
After tax
191
256
255
264
Living cost
318
318
318
318
Free-cash
-127
-62
-63
-54

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-€217
-€210
-€382
-€262
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
-
-
-
450
other
-
-
-
14
social contributions
-
-
-
13
health
-
-
-
4
income
-
-
-
14
surtax
-
-
-
-
pensions
-
-
-
133
total
-
-
-
178
Employee
635
-
343
-
income
55
-
15
-
pensions
72
-
39
-
social contributions
18
-
10
-
surtax
-
-
-
-
total
145
-
64
-
Employer
635
-
343
-
pensions
104
-
56
-
other
22
-
12
-
health
44
-
24
-
unemployment
26
-
14
-
social contributions
2
-
1
-
total
198
-
107
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
126
-
-
total
-
126
-
-
Dividends
-
324
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
withholding
-
41
-
-
total
-
97
-
-
Income
450
450
450
450
Total tax
343
223
171
178
After tax
107
227
279
272
Living cost
489
489
489
489
Free-cash
-382
-262
-210
-217

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
€46
€60
€67
€100
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
-
-
-
450
social contributions
-
-
-
99
income
-
-
-
-
total
-
-
-
99
Employee
326
-
390
-
social contributions
21
-
25
-
income
-
-
-
-
total
21
-
25
-
Employer
326
-
390
-
social contributions
50
-
60
-
total
50
-
60
-
Corporate
74
450
-
-
income
7
45
-
-
total
7
45
-
-
Dividends
66
405
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
78
45
85
99
After tax
372
405
365
351
Living cost
305
305
305
305
Free-cash
67
100
60
46

Estimated living cost  is €305 per week

€197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-€187
-€1760
-€1760
-€1760
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
-
-
-
450
municipal
-
-
-
66
national
-
-
-
39
labour market
-
-
-
35
pensions
-
-
-
9
total
-
-
-
149
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
pensions
6
6
6
-
municipal
440
440
440
-
national
252
252
252
-
labour market
165
165
165
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
450
450
450
450
Total tax
1 722
1 722
1 722
149
After tax
-1 272
-1 272
-1 272
301
Living cost
488
488
488
488
Free-cash
-1 760
-1 760
-1 760
-187

Estimated living cost  is €488 per week

€334
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.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
€93
€19
€3
-€183
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
-
-
-
450
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
67
pensions
-
-
-
42
total
-
-
-
138
Employee
344
-
374
-
income
47
-
51
-
pensions
39
-
42
-
health
39
-
43
-
total
125
-
136
-
Employer
344
-
374
-
pensions
56
-
61
-
accident
6
-
6
-
unemployment
8
-
9
-
total
70
-
76
-
Corporate
36
450
-
-
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.

32
405
-
-
total
32
405
-
-
Dividends
4
45
-
-
withholding
1
9
-
-
total
1
9
-
-
Income
450
450
450
450
Total tax
228
414
212
138
After tax
222
36
238
312
Living cost
219
219
219
219
Free-cash
3
-183
19
93

Estimated living cost  is €219 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-€30
-€106
-€183
-€78
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

-
-
-
450
municipal
-
-
-
81
health
-
-
-
3
national
-
-
-
7
total
-
-
-
91
Employee
533
-
379
-
pensions
36
-
26
-
national
9
-
-
-
municipal
87
-
62
-
unemployment
8
-
6
-
health
4
-
2
-
total
144
-
96
-
Employer
533
-
379
-
pensions
92
-
66
-
accident
1
-
-
-
health
4
-
3
-
unemployment
3
-
2
-
total
100
-
71
-
Corporate
-
450
-
-
income
-
90
-
-
total
-
90
-
-
Dividends

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

-
270
-
-
municipal
-
49
-
-
national
-
-
-
-
total
-
49
-
-
Income
450
450
450
450
Total tax
244
139
167
91
After tax
206
311
283
359
Living cost
389
389
389
389
Free-cash
-183
-78
-106
-30

Estimated living cost  is €389 per week

€254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€134
€49
€43
-€14
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
-
-
-
450
social contributions
-
-
-
70
health
-
-
-
11
income
-
-
-
-
total
-
-
-
81
Employee
779
779
779
-
income
85
72
83
-
social contributions
29
65
34
-
health
6
13
7
-
total
120
150
124
-
Employer
779
779
779
-
health
7
14
8
-
social contributions
29
65
34
-
total
36
79
42
-
Corporate
59
-
-
-
income
7
-
-
-
total
7
-
-
-
Dividends
52
-
-
-
withholding
9
-
-
-
total
9
-
-
-
Income
450
450
450
450
Total tax
172
229
166
81
After tax
278
221
284
369
Living cost
235
235
235
235
Free-cash
43
-14
49
134

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€153
€118
€160
€212
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
-
-
-
450
unemployment
-
-
-
-
health
-
-
-
37
income
-
-
-
35
pensions
-
-
-
64
total
-
-
-
136
Employee

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

233
-
408
-
income
16
-
31
-
pensions
35
-
61
-
unemployment
1
-
2
-
health
20
-
35
-
total
72
-
129
-
Employer

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

233
-
408
-
pensions
13
-
22
-
health
10
-
18
-
unemployment
1
-
2
-
total
24
-
42
-
Corporate
193
450
-
-
income
17
40
-
-
total
17
40
-
-
Dividends
176
410
-
-
withholding
16
37
-
-
total
16
37
-
-
Income
450
450
450
450
Total tax
129
77
171
136
After tax
321
373
279
314
Living cost
161
161
161
161
Free-cash
160
212
118
153

Estimated living cost  is €161 per week

€103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-€27
-€25
-€44
€25
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
-
-
-
450
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
64
pensions
-
-
-
127
total
-
-
-
198
Employee
375
-
341
-
income
72
-
65
-
pensions
18
-
16
-
unemployment
6
-
5
-
other
-
-
-
-
total
96
-
86
-
Employer
375
-
341
-
pensions
88
-
81
-
other
3
-
3
-
accident
7
-
7
-
unemployment
21
-
19
-
total
119
-
110
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
215
146
196
198
After tax
235
304
254
252
Living cost
279
279
279
279
Free-cash
-44
25
-25
-27

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
€248
€246
€248
€253
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
-
-
-
450
health
-
-
-
15
income
-
-
-
139
pensions
-
-
-
20
total
-
-
-
174
Employee
42
-
427
-
income
8
-
138
-
pensions
4
-
9
-
unemployment
-
-
1
-
health
2
-
5
-
total
14
-
153
-
Employer
42
-
427
-
pensions
5
-
11
-
health
4
-
10
-
unemployment
1
-
2
-
total
10
-
23
-
Corporate
398
450
-
-
income
88
99
-
-
total
88
99
-
-
Dividends
311
351
-
-
withholding
62
70
-
-
total
62
70
-
-
Income
450
450
450
450
Total tax
174
169
176
174
After tax
276
281
274
276
Living cost
28
28
28
28
Free-cash
248
253
246
248

Estimated living cost  is €28 per week

€16
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
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.
€8
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
€52
€70
€99
€150
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.

-
-
-
450
unemployment
-
-
-
7
health
-
-
-
46
income
-
-
-
53
pensions
-
-
-
117
total
-
-
-
223
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

264
-
382
-
income
36
-
60
-
pensions
37
-
53
-
unemployment
2
-
3
-
health
14
-
20
-
total
89
-
136
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

264
-
382
-
pensions
32
-
46
-
health
14
-
20
-
unemployment
2
-
3
-
total
48
-
69
-
Corporate
138
450
-
-
income
21
68
-
-
total
21
68
-
-
Dividends
118
382
-
-
withholding
18
57
-
-
total
18
57
-
-
Income
450
450
450
450
Total tax
176
125
205
223
After tax
274
325
245
227
Living cost
175
175
175
175
Free-cash
99
150
70
52

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-€9
-€18
-€36
-€17
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.

-
-
-
450
social contributions

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

-
-
-
156
income
-
-
-
30
surtax
-
-
-
-
total
-
-
-
186
Employee
393
-
364
-
income
77
-
69
-
social contributions
43
-
40
-
surtax
-
-
-
-
total
120
-
109
-
Employer
393
-
364
-
social contributions
93
-
86
-
total
93
-
86
-
Corporate
-
450
-
-
surtax
-
-
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
356
-
-
withholding
-
100
-
-
total
-
100
-
-
Income
450
450
450
450
Total tax
213
194
195
186
After tax
237
256
255
264
Living cost
273
273
273
273
Free-cash
-36
-17
-18
-9

Estimated living cost  is €273 per week

€194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-€104
-€102
-€196
-€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
-
-
-
450
other
-
-
-
-
unemployment
-
-
-
3
accident
-
-
-
4
income
-
-
-
64
pensions
-
-
-
127
total
-
-
-
198
Employee
489
-
341
-
income
102
-
65
-
pensions
23
-
16
-
unemployment
8
-
5
-
other
-
-
-
-
total
133
-
86
-
Employer
489
-
341
-
pensions
116
-
81
-
other
4
-
3
-
accident
10
-
7
-
unemployment
27
-
19
-
total
157
-
110
-
Corporate
-
450
-
-
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.

-
68
-
-
total
-
68
-
-
Dividends
-
382
-
-
withholding
-
78
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
290
146
196
198
After tax
160
304
254
252
Living cost
356
356
356
356
Free-cash
-196
-52
-102
-104

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€115
€118
€149
€211
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
-
-
-
450
unemployment
-
-
-
1
health
-
-
-
41
income
-
-
-
67
pensions

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

-
-
-
52
total
-
-
-
161
Employee
231
-
381
-
income
23
-
38
-
pensions

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

20
-
31
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
57
-
89
-
Employer
231
-
381
-
pensions

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

25
-
39
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
174
450
-
-
income
17
45
-
-
total
17
45
-
-
Dividends
156
405
-
-
withholding
8
20
-
-
total
8
20
-
-
Income
450
450
450
450
Total tax
127
65
158
161
After tax
323
385
292
289
Living cost
174
174
174
174
Free-cash
149
211
118
115

Estimated living cost  is €174 per week

€115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-€38
-€38
-€53
-€158
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.

-
-
-
450
trade
-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
69
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.

-
-
-
27
surtax

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

-
-
-
1
total
-
-
-
97
Employee

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

504
-
450
-
surtax

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

2
-
1
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

41
-
27
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

69
-
69
-
total
112
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
trade
-
65
-
-
surtax

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

-
4
-
-
income
-
68
-
-
chamber of commerce
-
2
-
-
total
-
139
-
-
Dividends
-
312
-
-
surtax

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

-
4
-
-
withholding
-
74
-
-
total
-
78
-
-
Income
450
450
450
450
Total tax
112
217
97
97
After tax
338
233
353
353
Living cost
391
391
391
391
Free-cash
-53
-158
-38
-38

Estimated living cost  is €391 per week

€270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-€213
-€213
-€343
-€262
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
-
-
-
450
social contributions
-
-
-
28
income
-
-
-
58
total
-
-
-
86
Employee
793
-
450
-
social contributions
66
-
28
-
income
150
-
58
-
total
216
-
86
-
Employer
793
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
income
-
56
-
-
total
-
56
-
-
Dividends
-
394
-
-
withholding
-
79
-
-
total
-
79
-
-
Income
450
450
450
450
Total tax
216
135
86
86
After tax
234
315
364
364
Living cost
577
577
577
577
Free-cash
-343
-262
-213
-213

Estimated living cost  is €577 per week

€439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€47
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-€274
-€38
-€92
-€120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
450
health

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

-
-
-
68
income
-
-
-
288
total
-
-
-
356
Employee
465
-
409
-
social contributions
47
-
41
-
income
50
-
38
-
total
97
-
79
-
Employer
465
-
409
-
social contributions
47
-
41
-
total
47
-
41
-
Corporate
-
450
-
-
income
-
158
-
-
total
-
158
-
-
Dividends
-
292
-
-
social contributions
30
44
-
-
total
30
44
-
-
Income
450
450
450
450
Total tax
174
202
120
356
After tax
276
248
330
94
Living cost
368
368
368
368
Free-cash
-92
-120
-38
-274

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-€37
-€79
-€134
-€41
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
85
pensions
-
-
-
23
total
-
-
-
108
Employee
520
-
406
-
income
95
-
75
-
pensions
40
-
26
-
health
7
-
4
-
total
142
-
105
-
Employer
520
-
406
-
pensions
53
-
37
-
health
10
-
8
-
total
63
-
45
-
Corporate
-
450
-
-
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.

-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
27
-
-
total
-
27
-
-
Income
450
450
450
450
Total tax
205
112
150
108
After tax
245
338
300
342
Living cost
379
379
379
379
Free-cash
-134
-41
-79
-37

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€71
-€3
-€6
-€205
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
-
-
-
450
other
-
-
-
4
accident
-
-
-
3
health
-
-
-
22
income
-
-
-
67
pensions
-
-
-
42
total
-
-
-
138
Employee
378
-
374
-
income
52
-
51
-
pensions
43
-
42
-
health
43
-
43
-
total
138
-
136
-
Employer
378
-
374
-
pensions
62
-
61
-
accident
6
-
6
-
unemployment
9
-
9
-
total
77
-
76
-
Corporate
-
450
-
-
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.

-
405
-
-
total
-
405
-
-
Dividends
-
45
-
-
withholding
-
9
-
-
total
-
9
-
-
Income
450
450
450
450
Total tax
215
414
212
138
After tax
235
36
238
312
Living cost
241
241
241
241
Free-cash
-6
-205
-3
71

Estimated living cost  is €241 per week

€177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€136
€136
€196
€246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
450
work injury
-
-
-
2
unemployment
-
-
-
5
income
-
-
-
54
health insurance
-
-
-
33
pensions
-
-
-
83
total
-
-
-
177
Employee

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

219
-
450
-
income
22
-
54
-
work injury
1
-
2
-
pensions
40
-
83
-
unemployment
3
-
5
-
health insurance
16
-
33
-
total
82
-
177
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
231
450
-
-
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
231
450
-
-
withholding
35
67
-
-
total
35
67
-
-
Income
450
450
450
450
Total tax
117
67
177
177
After tax
333
383
273
273
Living cost
137
137
137
137
Free-cash
196
246
136
136

Estimated living cost  is €137 per week

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

Source of data for Skopje model

Close
Rome , Italy
-€158
-€183
-€404
-€167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
social contributions
-
-
-
116
municipal
-
-
-
3
national
-
-
-
79
regional
-
-
-
6
total
-
-
-
204
Employee
854
-
450
-
national
144
-
69
-
social contributions
288
-
152
-
municipal
5
-
3
-
regional
13
-
5
-
total
450
-
229
-
Employer
854
-
450
-
total
-
-
-
-
Corporate
-
450
-
-
nationa
-
108
-
-
municipal
-
22
-
-
total
-
130
-
-
Dividends
-
320
-
-
withholding
-
83
-
-
total
-
83
-
-
Income
450
450
450
450
Total tax
450
213
229
204
After tax
-
237
221
246
Living cost
404
404
404
404
Free-cash
-404
-167
-183
-158

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
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