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

Valencia , Spain
-€25
-€27
€25
-€44
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
64
accident
-
-
-
4
unemployment
-
-
-
3
pensions
-
-
-
127
other
-
-
-
-
total
-
-
-
198
Employee
375
-
341
-
other
-
-
-
-
income
72
-
65
-
unemployment
6
-
5
-
pensions
18
-
16
-
total
96
-
86
-
Employer
375
-
341
-
unemployment
21
-
19
-
pensions
88
-
81
-
other
3
-
3
-
accident
7
-
7
-
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
Bratislava , Slovakia
-€7
-€26
€61
-€11
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
-
-
-
57
health
-
-
-
20
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
other
-
-
-
21
total
-
-
-
206
Employee
368
-
359
-
income
63
-
62
-
health
5
-
5
-
unemployment
4
-
4
-
pensions

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

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

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

63
-
61
-
other
18
-
18
-
accident
3
-
3
-
health
5
-
5
-
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
Varna , Bulgaria
€159
€156
€252
€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
income
-
-
-
67
health
-
-
-
41
unemployment
-
-
-
1
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
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
total
43
-
89
-
Employer
176
-
381
-
unemployment
1
-
2
-
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
-
total
34
-
69
-
Corporate
240
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
Nice , France
-€68
-€75
-€120
-€119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
14
social contributions
-
-
-
13
health
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
133
other
-
-
-
14
total
-
-
-
178
Employee
434
-
343
-
income
26
-
15
-
social contributions
12
-
10
-
surtax
-
-
-
-
pensions
49
-
39
-
total
87
-
64
-
Employer
434
-
343
-
unemployment
18
-
14
-
social contributions
1
-
1
-
pensions
71
-
56
-
other
15
-
12
-
health
30
-
24
-
total
135
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
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
Rotterdam , Netherlands
-€557
-€166
-€500
-€557
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
-
-
-
41
health
-
-
-
69
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
-
health
133
113
133
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
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
Dresden , Germany
€46
€46
-€79
€34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
450
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
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
trade
-
-
-
-
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
-
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
-
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
-
total
81
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62
450
-
-
chamber of commerce
2
2
-
-
income
9
68
-
-
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
-
-
trade
10
71
-
-
total
22
145
-
-
Dividends
41
306
-
-
withholding
6
73
-
-
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
-
-
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.

Larnaca , Cyprus
€49
€134
-€14
€43
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
-
-
-
-
social contributions
-
-
-
70
health
-
-
-
11
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
-
social contributions
29
65
34
-
health
7
14
8
-
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
Lisbon , Portugal
-€63
-€54
-€62
-€127
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
income
-
-
-
30
social contributions

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

-
-
-
156
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
-
-
income
-
94
-
-
surtax
-
-
-
-
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
Batumi , Georgia
€287
€372
€355
€341
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.

-
-
-
5
total
-
-
-
5
Employee
91
-
450
-
income
18
-
90
-
total
18
-
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%.

359
450
-
-
total
-
-
-
-
Dividends
359
450
-
-
withholding
18
22
-
-
total
18
22
-
-
Income
450
450
450
450
Total tax
36
22
90
5
After tax
414
428
360
445
Living cost
73
73
73
73
Free-cash
341
355
287
372

Estimated living cost  is €73 per week

€45
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
-€33
-€19
€37
-€68
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
income
-
-
-
70
health
-
-
-
44
unemployment
-
-
-
1
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
-
health
29
-
25
-
unemployment
1
-
1
-
pensions
69
-
60
-
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
-
unemployment
-
-
-
-
pensions
40
-
34
-
health
30
-
26
-
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
Sliema , Malta
-€38
-€272
-€120
-€92
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
income
-
-
-
288
health

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

-
-
-
66
total
-
-
-
354
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
354
After tax
276
248
330
96
Living cost
368
368
368
368
Free-cash
-92
-120
-38
-272

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€60
€74
€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
income
-
-
-
68
social contributions
-
-
-
62
health
-
-
-
31
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
-
-
withholding
15
64
-
-
health
9
30
-
-
social contributions
18
59
-
-
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
Prague , Czech Republic
-€46
-€56
€35
-€92
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
-
-
-
39
social contributions
-
-
-
131
solidarity contribution
-
-
-
-
health
-
-
-
61
total
-
-
-
231
Employee
404
-
336
-
solidarity contribution
-
-
-
-
income
49
-
40
-
social contributions
26
-
22
-
health
55
-
45
-
total
130
-
107
-
Employer
404
-
336
-
social contributions
101
-
84
-
health
36
-
30
-
total
137
-
114
-
Corporate
-
450
-
-
income
-
85
-
-
total
-
85
-
-
Dividends
-
365
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
450
450
450
450
Total tax
267
140
221
231
After tax
183
310
229
219
Living cost
275
275
275
275
Free-cash
-92
35
-46
-56

Estimated living cost  is €275 per week

€204
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.
€50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
€247
€332
€315
€294
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.

-
-
-
5
total
-
-
-
5
Employee
142
-
450
-
income
28
-
90
-
total
28
-
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%.

308
450
-
-
total
-
-
-
-
Dividends
308
450
-
-
withholding
15
22
-
-
total
15
22
-
-
Income
450
450
450
450
Total tax
43
22
90
5
After tax
407
428
360
445
Living cost
113
113
113
113
Free-cash
294
315
247
332

Estimated living cost  is €113 per week

€77
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€28
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
-€210
-€217
-€262
-€382
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
-
-
-
14
social contributions
-
-
-
13
health
-
-
-
4
surtax
-
-
-
-
pensions
-
-
-
133
other
-
-
-
14
total
-
-
-
178
Employee
635
-
343
-
income
55
-
15
-
social contributions
18
-
10
-
surtax
-
-
-
-
pensions
72
-
39
-
total
145
-
64
-
Employer
635
-
343
-
unemployment
26
-
14
-
social contributions
2
-
1
-
pensions
104
-
56
-
other
22
-
12
-
health
44
-
24
-
total
198
-
107
-
Corporate
-
450
-
-
income
-
126
-
-
surtax
-
-
-
-
total
-
126
-
-
Dividends
-
324
-
-
withholding
-
41
-
-
surtax
-
-
-
-
social contributions
-
56
-
-
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
Belgrade , Serbia
€70
€51
€150
€99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
income
-
-
-
54
health
-
-
-
46
unemployment
-
-
-
7
pensions
-
-
-
117
total
-
-
-
224
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
-
health
14
-
20
-
unemployment
2
-
3
-
pensions
37
-
53
-
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
-
unemployment
2
-
3
-
pensions
32
-
46
-
health
14
-
20
-
total
48
-
69
-
Corporate
139
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
224
After tax
274
325
245
226
Living cost
175
175
175
175
Free-cash
99
150
70
51

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
Zurich , Switzerland
-€350
-€324
-€502
-€459
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
regional
-
-
-
8
national
-
-
-
1
health
-
-
-
2
city
-
-
-
5
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
pensions
-
-
-
41
total
-
-
-
66
Employee
828
-
401
-
regional
27
-
7
-
city
9
-
4
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
1
-
pensions
70
-
35
-
total
112
-
48
-
Employer
828
-
401
-
unemployment
-
-
-
-
pensions
70
-
35
-
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.

17
-
8
-
health
2
-
1
-
total
89
-
44
-
Corporate
-
450
-
-
regional
-
95
-
-
national
-
38
-
-
total
-
133
-
-
Dividends
-
317
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
450
450
450
450
Total tax
201
244
92
66
After tax
249
206
358
384
Living cost
708
708
708
708
Free-cash
-459
-502
-350
-324

Estimated living cost  is €708 per week

€460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
-€106
-€30
-€78
-€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

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
national
-
-
-
7
health
-
-
-
3
total
-
-
-
91
Employee
533
-
379
-
health
4
-
2
-
unemployment
8
-
6
-
national
9
-
-
-
municipal
87
-
62
-
pensions
36
-
26
-
total
144
-
96
-
Employer
533
-
379
-
unemployment
3
-
2
-
pensions
92
-
66
-
accident
1
-
-
-
health
4
-
3
-
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
-
-
national
-
-
-
-
municipal
-
49
-
-
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.

Brussels , Belgium
-€168
-€110
-€116
-€486
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
national
-
-
-
126
social contributions
-
-
-
40
communal

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

-
-
-
25
total
-
-
-
191
Employee

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

725
-
349
-
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
-
communal

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

38
-
18
-
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
-
national
223
-
83
-
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
-
total
355
-
146
-
Employer

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

725
-
349
-
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
-
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
-
surtax
82
-
40
-
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
-
total
211
-
102
-
Corporate
-
450
-
-
income
-
90
-
-
surtax
-
2
-
-
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
Stockholm , Sweden
-€175
-€190
-€169
-€328
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
-
-
-
95
national
-
-
-
-
health
-
-
-
28
accident
-
-
-
1
unemployment
-
-
-
-
pensions
-
-
-
49
other
-
-
-
52
total
-
-
-
225
Employee
592
-
342
-
national
-
-
-
-
municipal
177
-
102
-
total
177
-
102
-
Employer
592
-
342
-
unemployment
16
-
9
-
pensions
64
-
37
-
other
69
-
40
-
accident
1
-
1
-
health
36
-
21
-
total
186
-
108
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
450
450
450
450
Total tax
363
204
210
225
After tax
87
246
240
225
Living cost
415
415
415
415
Free-cash
-328
-169
-175
-190

Estimated living cost  is €415 per week

€275
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.
€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
Oslo , Norway
-€147
-€146
-€183
-€1131
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
-
-
-
88
social contributions
-
-
-
51
total
-
-
-
139
Employee
656
-
1
-
income
145
-
-
-
social contributions
54
-
8
-
total
199
-
8
-
Employer
656
-
1
-
social contributions
925
-
132
-
total
925
-
132
-
Corporate
-
450
-
-
income
-
99
-
-
total
-
99
-
-
Dividends
-
351
-
-
income
-
77
-
-
total
-
77
-
-
Income
450
450
450
450
Total tax
1 124
176
140
139
After tax
-674
274
310
311
Living cost
457
457
457
457
Free-cash
-1 131
-183
-147
-146

Estimated living cost  is €457 per week

€297
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.
€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.
€112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
-€45
€40
-€108
-€53
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
-
-
-
-
social contributions
-
-
-
70
health
-
-
-
11
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
-
social contributions
38
65
34
-
health
8
14
8
-
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
Edinburgh , United Kingdom
-€70
-€27
-€30
-€117
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
-
-
-
24
total
-
-
-
109
Employee
505
-
405
-
income
92
-
75
-
health
7
-
5
-
pensions
39
-
27
-
total
138
-
107
-
Employer
505
-
405
-
pensions
51
-
37
-
health
10
-
8
-
total
61
-
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
199
112
152
109
After tax
251
338
298
341
Living cost
368
368
368
368
Free-cash
-117
-30
-70
-27

Estimated living cost  is €368 per week

€252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
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.

Rome , Italy
-€183
-€158
-€167
-€404
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
-
-
-
3
regional
-
-
-
6
national
-
-
-
79
social contributions
-
-
-
116
total
-
-
-
204
Employee
854
-
450
-
regional
13
-
5
-
social contributions
288
-
152
-
national
144
-
69
-
municipal
5
-
3
-
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.
Adjust living cost Show details Source
Gdansk , Poland
€29
€102
-€173
€5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
450
income
-
-
-
72
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
40
other
-
-
-
4
total
-
-
-
139
Employee
329
-
374
-
income
45
-
51
-
health
38
-
43
-
pensions
37
-
42
-
total
120
-
136
-
Employer
329
-
374
-
unemployment
8
-
9
-
pensions
53
-
61
-
accident
5
-
6
-
total
66
-
76
-
Corporate
54
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.

49
405
-
-
total
49
405
-
-
Dividends
5
45
-
-
withholding
1
9
-
-
total
1
9
-
-
Income
450
450
450
450
Total tax
236
414
212
139
After tax
214
36
238
311
Living cost
209
209
209
209
Free-cash
5
-173
29
102

Estimated living cost  is €209 per week

€153
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.
€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

Additional information

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

Berlin , Germany
-€38
-€38
-€158
-€53
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
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
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
trade
-
-
-
-
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
-
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
-
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
-
total
112
-
97
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
450
-
-
chamber of commerce
-
2
-
-
income
-
68
-
-
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
-
-
trade
-
65
-
-
total
-
139
-
-
Dividends
-
312
-
-
withholding
-
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
-
-
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.

Riga , Latvia
€47
€139
€149
€65
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
microenterprise
-
-
-
68
income
-
-
-
-
social contributions

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

-
-
-
32
surtax
-
-
-
-
total
-
-
-
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
Istanbul , Turkey
€102
€90
€149
€127
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
-
-
-
73
health
-
-
-
65
pensions
-
-
-
90
total
-
-
-
228
Employee
201
-
367
-
income
39
-
79
-
health
10
-
18
-
unemployment
2
-
4
-
pensions
18
-
33
-
total
69
-
134
-
Employer
201
-
367
-
unemployment
4
-
7
-
pensions
22
-
40
-
health
19
-
35
-
total
45
-
82
-
Corporate
203
450
-
-
income
45
99
-
-
total
45
99
-
-
Dividends
159
351
-
-
withholding
32
70
-
-
total
32
70
-
-
Income
450
450
450
450
Total tax
191
169
216
228
After tax
259
281
234
222
Living cost
132
132
132
132
Free-cash
127
149
102
90

Estimated living cost  is €132 per week

€79
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
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.
€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.
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Athens , Greece
€19
€31
€55
€21
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
-
-
-
65
health
-
-
-
32
unemployment
-
-
-
2
surtax
-
-
-
2
pensions
-
-
-
90
other
-
-
-
-
total
-
-
-
191
Employee
341
-
372
-
other
-
-
-
-
income
57
-
62
-
health
9
-
9
-
unemployment
24
-
26
-
surtax
1
-
2
-
pensions
23
-
25
-
total
114
-
124
-
Employer
341
-
372
-
unemployment
11
-
12
-
pensions
46
-
50
-
other
-
-
-
-
health
16
-
17
-
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
Graz , Austria
-€146
-€69
-€102
-€129
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
-
-
-
15
chamber of commerce
-
-
-
2
health
-
-
-
34
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
83
total
-
-
-
196
Employee
443
404
404
-
other
4
4
3
-
income
39
30
32
-
health
17
16
13
-
unemployment
13
12
10
-
pensions
45
41
35
-
total
118
103
93
-
Employer
443
404
404
-
unemployment
13
12
10
-
chamber of commerce
2
2
2
-
pensions
56
51
43
-
payroll
13
12
12
-
other