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
€ 4500
per

Your estimated
City
free-cash

Dresden , Germany
€1473
€1860
€1430
€945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
4 500
trade
-
-
-
387
health

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

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

-
-
-
300
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.

-
-
-
957
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.

-
-
-
53
total
-
-
-
1 697
Employee

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

1 680
-
4 500
-
surtax

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

3
-
53
-
income

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

47
-
957
-
health

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

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

300
-
300
-
total
350
-
1 310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 820
4 500
-
-
trade
444
709
-
-
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.

23
37
-
-
income
423
675
-
-
chamber of commerce
11
13
-
-
total
901
1 434
-
-
Dividends
1 919
3 066
-
-
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.

26
41
-
-
withholding
463
750
-
-
total
489
791
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 740
2 225
1 310
1 697
After tax
2 760
2 275
3 190
2 803
Living cost
1 330
1 330
1 330
1 330
Free-cash
1 430
945
1 860
1 473

Estimated living cost  is €1330 per month

€837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€155
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
€499
€533
€557
€594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
48
municipal
-
-
-
470
national
-
-
-
729
pensions
-
-
-
540
total
-
-
-
1 787
Employee
3 432
-
3 890
-
pensions
137
-
156
-
national
657
-
756
-
municipal
424
-
488
-
total
1 218
-
1 400
-
Employer
3 432
-
3 890
-
pensions
275
-
311
-
social contributions
37
-
42
-
total
312
-
353
-
Corporate
530
4 500
-
-
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%.

106
900
-
-
total
106
900
-
-
Dividends
424
3 600
-
-
withholding
93
792
-
-
total
93
792
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 729
1 692
1 753
1 787
After tax
2 771
2 808
2 747
2 713
Living cost
2 214
2 214
2 214
2 214
Free-cash
557
594
533
499

Estimated living cost  is €2214 per month

€1505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€206
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€33
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.
€470
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
€1487
€1621
€2326
€2686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
4 500
social contributions

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

-
-
-
1 447
income
-
-
-
652
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
2 099
Employee
1 283
-
3 626
-
income
228
-
692
-
social contributions

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

141
-
399
-
surtax
-
-
-
-
total
369
-
1 091
-
Employer
1 283
-
3 626
-
social contributions

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

309
-
874
-
surtax
-
-
-
-
total
309
-
874
-
Corporate
2 908
4 500
-
-
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%.

582
900
-
-
total
582
900
-
-
Dividends

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

2 326
3 600
-
-
total
-
-
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 260
900
1 965
2 099
After tax
3 240
3 600
2 535
2 401
Living cost
914
914
914
914
Free-cash
2 326
2 686
1 621
1 487

Estimated living cost  is €914 per month

€583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€87
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
€714
€368
€69
€339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
health
-
-
-
532
income
-
-
-
900
pensions
-
-
-
514
total
-
-
-
1 946
Employee
3 750
3 750
3 830
-
income

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

614
614
614
-
pensions
675
514
514
-
health
576
490
494
-
total
1 865
1 618
1 622
-
Employer
3 750
3 750
3 830
-
pensions
261
261
266
-
health
261
261
266
-
unemployment
135
135
138
-
total
657
657
670
-
Corporate
139
93
-
-
income
28
19
-
-
total
28
19
-
-
Dividends
112
75
-
-
withholding
17
11
-
-
income
24
16
-
-
total
41
27
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 591
2 321
2 292
1 946
After tax
1 909
2 179
2 208
2 554
Living cost
1 840
1 840
1 840
1 840
Free-cash
69
339
368
714

Estimated living cost  is €1840 per month

€1304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
€699
€702
€717
€756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
433
unemployment
-
-
-
4
accident
-
-
-
7
municipal
-
-
-
1 020
health
-
-
-
233
national
-
-
-
-
pensions
-
-
-
403
total
-
-
-
2 100
Employee
2 423
-
3 424
-
national
-
-
-
-
municipal
723
-
1 021
-
total
723
-
1 021
-
Employer
2 423
-
3 424
-
pensions
262
-
370
-
other
282
-
398
-
accident
5
-
7
-
health
149
-
211
-
unemployment
64
-
90
-
total
762
-
1 076
-
Corporate
1 315
4 500
-
-
income
289
990
-
-
total
289
990
-
-
Dividends
1 026
3 510
-
-
withholding
308
1 053
-
-
total
308
1 053
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 082
2 043
2 097
2 100
After tax
2 418
2 457
2 403
2 400
Living cost
1 701
1 701
1 701
1 701
Free-cash
717
756
702
699

Estimated living cost  is €1701 per month

€1127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€381
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
€1061
€1465
€1144
€527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
4 500
trade
-
-
-
404
health

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

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

-
-
-
300
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.

-
-
-
957
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.

-
-
-
53
total
-
-
-
1 714
Employee

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

2 227
-
4 500
-
surtax

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

10
-
53
-
income

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

191
-
957
-
health

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

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

300
-
300
-
total
501
-
1 310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 273
4 500
-
-
trade
374
740
-
-
surtax

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

19
37
-
-
income
341
675
-
-
chamber of commerce
10
13
-
-
total
744
1 465
-
-
Dividends
1 530
3 034
-
-
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.

20
41
-
-
withholding
366
742
-
-
total
386
783
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 631
2 248
1 310
1 714
After tax
2 869
2 252
3 190
2 786
Living cost
1 725
1 725
1 725
1 725
Free-cash
1 144
527
1 465
1 061

Estimated living cost  is €1725 per month

€1154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€364
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
€1753
€1749
€1686
€1870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
702
health
-
-
-
115
income
-
-
-
506
total
-
-
-
1 323
Employee
3 377
3 377
4 085
-
income
355
313
504
-
social contributions
164
280
339
-
health
34
57
69
-
total
553
650
912
-
Employer
3 377
3 377
4 085
-
health
37
62
76
-
social contributions
164
280
339
-
total
201
342
415
-
Corporate
2 323
781
-
-
income
290
98
-
-
total
290
98
-
-
Dividends
2 032
683
-
-
withholding
346
116
-
-
total
346
116
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 390
1 206
1 327
1 323
After tax
3 110
3 294
3 173
3 177
Living cost
1 424
1 424
1 424
1 424
Free-cash
1 686
1 870
1 749
1 753

Estimated living cost  is €1424 per month

€974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
€2311
€1803
€1746
€1730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
unemployment
-
-
-
68
health
-
-
-
315
income
-
-
-
550
pensions
-
-
-
450
total
-
-
-
1 383
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

1 163
463
3 766
-
income
142
57
460
-
pensions
116
46
377
-
unemployment
17
7
56
-
health
81
32
264
-
total
356
142
1 157
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

1 163
463
3 766
-
pensions
227
90
734
-
total
227
90
734
-
Corporate
3 110
3 947
-
-
income
280
355
-
-
total
280
355
-
-
Dividends
2 830
3 592
-
-
social contributions
547
695
-
-
withholding
538
682
-
-
total
1 085
1 377
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 948
1 964
1 891
1 383
After tax
2 552
2 536
2 609
3 117
Living cost
806
806
806
806
Free-cash
1 746
1 730
1 803
2 311

Estimated living cost  is €806 per month

€550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€66
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€16
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€174
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
€1351
€1533
€2266
€2539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
health
-
-
-
585
income
-
-
-
603
pensions
-
-
-
900
total
-
-
-
2 088
Employee
1 246
-
3 363
-
income
140
-
648
-
pensions
25
-
67
-
unemployment
20
-
54
-
total
185
-
769
-
Employer
1 246
-
3 363
-
pensions
249
-
673
-
health
162
-
437
-
unemployment
10
-
27
-
total
421
-
1 137
-
Corporate
2 833
4 500
-
-
income
567
900
-
-
total
567
900
-
-
Dividends
2 266
3 600
-
-
total
-
-
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 173
900
1 906
2 088
After tax
3 327
3 600
2 594
2 412
Living cost
1 061
1 061
1 061
1 061
Free-cash
2 266
2 539
1 533
1 351

Estimated living cost  is €1061 per month

€728
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
€2127
€1371
€217
-€596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
16
accident
-
-
-
11
health
-
-
-
95
income
-
-
-
1 108
pensions
-
-
-
182
total
-
-
-
1 412
Employee
1 511
-
3 860
-
income
207
-
753
-
pensions
170
-
333
-
health
173
-
442
-
total
550
-
1 528
-
Employer
1 511
-
3 860
-
pensions
246
-
481
-
accident
25
-
64
-
unemployment
37
-
95
-
total
308
-
640
-
Corporate
2 681
4 500
-
-
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.

2 413
4 050
-
-
total
2 413
4 050
-
-
Dividends
268
450
-
-
withholding
51
85
-
-
total
51
85
-
-
Income
4 500
4 500
4 500
4 500
Total tax
3 322
4 135
2 168
1 412
After tax
1 178
365
2 332
3 088
Living cost
961
961
961
961
Free-cash
217
-596
1 371
2 127

Estimated living cost  is €961 per month

€704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€183
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
€4061
€3206
€3807
€3881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
4 500
microenterprise

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

-
-
-
45
total
-
-
-
45
Employee
493
-
4 500
-
income
99
-
900
-
total
99
-
900
-
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%.

4 007
4 500
-
-
total
-
-
-
-
Dividends
4 007
4 500
-
-
withholding
200
225
-
-
total
200
225
-
-
Income
4 500
4 500
4 500
4 500
Total tax
299
225
900
45
After tax
4 201
4 275
3 600
4 455
Living cost
394
394
394
394
Free-cash
3 807
3 881
3 206
4 061

Estimated living cost  is €394 per month

€244
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.
€11
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.
€106
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
€1266
€1458
€1840
€2136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
214
health
-
-
-
198
income
-
-
-
572
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.

-
-
-
1 080
total
-
-
-
2 064
Employee
1 594
-
3 594
-
income
274
-
628
-
pensions

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

112
-
252
-
unemployment
16
-
36
-
health
22
-
50
-
total
424
-
966
-
Employer
1 594
-
3 594
-
pensions

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

271
-
611
-
other
80
-
180
-
accident
13
-
29
-
health
22
-
50
-
unemployment
16
-
36
-
total
402
-
906
-
Corporate
2 504
4 500
-
-
income
526
945
-
-
total
526
945
-
-
Dividends
1 978
3 555
-
-
withholding
138
249
-
-
total
138
249
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 490
1 194
1 872
2 064
After tax
3 010
3 306
2 628
2 436
Living cost
1 170
1 170
1 170
1 170
Free-cash
1 840
2 136
1 458
1 266

Estimated living cost  is €1170 per month

€827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€19
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
€282
-€132
-€242
€350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
income
-
-
-
939
pensions
-
-
-
331
total
-
-
-
1 270
Employee
4 171
-
3 961
-
income
752
-
704
-
pensions
402
-
377
-
health
69
-
64
-
total
1 223
-
1 145
-
Employer
4 171
-
3 961
-
pensions
492
-
464
-
health
79
-
75
-
total
571
-
539
-
Corporate
-
4 500
-
-
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.

-
855
-
-
total
-
855
-
-
Dividends
-
3 645
-
-
withholding
-
347
-
-
total
-
347
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 794
1 202
1 684
1 270
After tax
2 706
3 298
2 816
3 230
Living cost
2 948
2 948
2 948
2 948
Free-cash
-242
350
-132
282

Estimated living cost  is €2948 per month

€2209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€369
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
€2840
€2980
€3068
€3271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
unemployment
-
-
-
6
health
-
-
-
176
income
-
-
-
675
pensions

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

-
-
-
227
total
-
-
-
1 084
Employee
762
-
4 199
-
income
76
-
420
-
pensions

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

67
-
135
-
health
35
-
71
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
total
186
-
643
-
Employer
762
-
4 199
-
pensions

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

84
-
169
-
accident

We are using the highest rate at 1.1%.

8
-
17
-
health
53
-
106
-
unemployment
5
-
9
-
total
150
-
301
-
Corporate
3 588
4 500
-
-
income
359
450
-
-
total
359
450
-
-
Dividends
3 230
4 050
-
-
withholding
161
203
-
-
total
161
203
-
-
Income
4 500
4 500
4 500
4 500
Total tax
856
653
944
1 084
After tax
3 644
3 847
3 556
3 416
Living cost
575
575
575
575
Free-cash
3 068
3 271
2 980
2 840

Estimated living cost  is €575 per month

€336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€15
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€183
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
€119
-€227
-€284
-€256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
health
-
-
-
532
income
-
-
-
900
pensions
-
-
-
514
total
-
-
-
1 946
Employee
4 071
3 750
3 830
-
income

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

614
614
614
-
pensions
514
514
514
-
health
508
490
494
-
total
1 636
1 618
1 622
-
Employer
4 071
3 750
3 830
-
pensions
283
261
266
-
health
283
261
266
-
unemployment
147
135
138
-
total
713
657
670
-
Corporate
-
93
-
-
income
-
19
-
-
total
-
19
-
-
Dividends
-
75
-
-
withholding
-
11
-
-
income
-
16
-
-
total
-
27
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 349
2 321
2 292
1 946
After tax
2 151
2 179
2 208
2 554
Living cost
2 435
2 435
2 435
2 435
Free-cash
-284
-256
-227
119

Estimated living cost  is €2435 per month

€1796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€393
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
€1133
€1225
€1662
€2039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
1 314
health
-
-
-
607
income
-
-
-
387
solidarity contribution
-
-
-
-
total
-
-
-
2 308
Employee
1 557
-
3 358
-
income
187
-
403
-
solidarity contribution
-
-
-
-
social contributions
101
-
218
-
health
210
-
453
-
total
498
-
1 074
-
Employer
1 557
-
3 358
-
health
140
-
302
-
social contributions
389
-
840
-
total
529
-
1 142
-
Corporate
2 413
4 500
-
-
income
459
855
-
-
total
459
855
-
-
Dividends
1 955
3 645
-
-
withholding
293
547
-
-
total
293
547
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 779
1 402
2 216
2 308
After tax
2 721
3 098
2 284
2 192
Living cost
1 059
1 059
1 059
1 059
Free-cash
1 662
2 039
1 225
1 133

Estimated living cost  is €1059 per month

€735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€75
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€227
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
€449
€235
€319
€547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
1 157
municipal
-
-
-
27
national
-
-
-
964
regional
-
-
-
50
total
-
-
-
2 198
Employee
3 903
-
4 500
-
national
676
-
827
-
social contributions
1 316
-
1 517
-
municipal
21
-
24
-
regional
37
-
44
-
total
2 050
-
2 412
-
Employer
3 903
-
4 500
-
total
-
-
-
-
Corporate
597
4 500
-
-
nationa
143
1 080
-
-
municipal
23
176
-
-
total
166
1 256
-
-
Dividends
431
3 244
-
-
withholding
112
844
-
-
total
112
844
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 328
2 100
2 412
2 198
After tax
2 172
2 400
2 088
2 302
Living cost
1 853
1 853
1 853
1 853
Free-cash
319
547
235
449

Estimated living cost  is €1853 per month

€1292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€28
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
€1335
€1247
€1725
€1861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
-
unemployment
-
-
-
10
health
-
-
-
320
income
-
-
-
860
surtax
-
-
-
106
pensions
-
-
-
900
total
-
-
-
2 196
Employee
1 452
-
3 717
-
income
243
-
803
-
pensions
97
-
248
-
unemployment
101
-
259
-
health
37
-
95
-
other
-
-
-
-
surtax
5
-
96
-
total
483
-
1 501
-
Employer
1 452
-
3 717
-
pensions
194
-
496
-
other
-
-
-
-
health
66
-
169
-
unemployment
46
-
118
-
total
306
-
783
-
Corporate
2 742
4 500
-
-
income
713
1 170
-
-
total
713
1 170
-
-
Dividends
2 029
3 330
-
-
withholding
304
500
-
-
total
304
500
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 806
1 670
2 284
2 196
After tax
2 694
2 830
2 216
2 304
Living cost
969
969
969
969
Free-cash
1 725
1 861
1 247
1 335

Estimated living cost  is €969 per month

€592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€89
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
€1216
€802
€1011
€1284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
income
-
-
-
939
pensions
-
-
-
331
total
-
-
-
1 270
Employee
2 795
-
3 961
-
income
503
-
704
-
pensions
237
-
377
-
health
41
-
64
-
total
781
-
1 145
-
Employer
2 795
-
3 961
-
pensions
303
-
464
-
health
53
-
75
-
total
356
-
539
-
Corporate
1 349
4 500
-
-
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.

256
855
-
-
total
256
855
-
-
Dividends
1 093
3 645
-
-
withholding
82
347
-
-
total
82
347
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 475
1 202
1 684
1 270
After tax
3 025
3 298
2 816
3 230
Living cost
2 014
2 014
2 014
2 014
Free-cash
1 011
1 284
802
1 216

Estimated living cost  is €2014 per month

€1509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€333
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
€421
€197
€153
-€1271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
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.

-
-
-
90
health
-
-
-
11
city
-
-
-
47
national
-
-
-
30
regional
-
-
-
158
pensions
-
-
-
414
total
-
-
-
750
Employee
3 895
-
4 028
-
pensions
327
-
338
-
national
18
-
21
-
unemployment
-
-
-
-
city
42
-
43
-
health
9
-
9
-
regional
128
-
135
-
total
524
-
546
-
Employer
3 895
-
4 028
-
pensions
327
-
338
-
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.

78
-
81
-
health
9
-
9
-
unemployment
-
-
-
-
total
414
-
428
-
Corporate
148
4 500
-
-
regional
31
952
-
-
national
13
382
-
-
total
44
1 334
-
-
Dividends
104
3 166
-
-
withholding
36
1 108
-
-
total
36
1 108
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 018
2 442
974
750
After tax
3 482
2 058
3 526
3 750
Living cost
3 329
3 329
3 329
3 329
Free-cash
153
-1 271
197
421

Estimated living cost  is €3329 per month

€2165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€299
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€41
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.
€824
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
€756
€1178
€930
€217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
4 500
trade
-
-
-
422
health

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

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

-
-
-
300
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.

-
-
-
957
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.

-
-
-
53
total
-
-
-
1 732
Employee

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

2 639
-
4 500
-
surtax

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

17
-
53
-
income

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

310
-
957
-
health

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

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

300
-
300
-
total
627
-
1 310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 861
4 500
-
-
trade
319
772
-
-
surtax

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

15
37
-
-
income
279
675
-
-
chamber of commerce
9
13
-
-
total
622
1 497
-
-
Dividends
1 238
3 003
-
-
surtax

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

16
40
-
-
withholding
293
734
-
-
total
309
774
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 558
2 271
1 310
1 732
After tax
2 942
2 229
3 190
2 768
Living cost
2 012
2 012
2 012
2 012
Free-cash
930
217
1 178
756

Estimated living cost  is €2012 per month

€1469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
€1086
€1323
€1025
€766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
140
social contributions
-
-
-
128
health
-
-
-
89
income
-
-
-
444
surtax
-
-
-
-
pensions
-
-
-
1 111
total
-
-
-
1 912
Employee
1 879
-
3 649
-
income
111
-
544
-
pensions
212
-
176
-
social contributions
54
-
104
-
surtax
-
-
-
-
total
377
-
824
-
Employer
1 879
-
3 649
-
pensions
309
-
311
-
other
65
-
126
-
health
132
-
255
-
unemployment
76
-
148
-
social contributions
6
-
11
-
total
588
-
851
-
Corporate
2 034
4 500
-
-
surtax
-
-
-
-
income
569
1 260
-
-
total
569
1 260
-
-
Dividends
1 464
3 240
-
-
surtax
-
-
-
-
social contributions
252
557
-
-
withholding
187
415
-
-
total
439
972
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 973
2 232
1 675
1 912
After tax
2 527
2 268
2 825
2 588
Living cost
1 502
1 502
1 502
1 502
Free-cash
1 025
766
1 323
1 086

Estimated living cost  is €1502 per month

€947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
€1234
€1471
€1157
€914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
140
social contributions
-
-
-
128
health
-
-
-
89
income
-
-
-
444
surtax
-
-
-
-
pensions
-
-
-
1 111
total
-
-
-
1 912
Employee
1 678
-
3 649
-
income
86
-
544
-
pensions
190
-
176
-
social contributions
48
-
104
-
surtax
-
-
-
-
total
324
-
824
-
Employer
1 678
-
3 649
-
pensions
276
-
311
-
other
58
-
126
-
health
117
-
255
-
unemployment
68
-
148
-
social contributions
5
-
11
-
total
524
-
851
-
Corporate
2 298
4 500
-
-
surtax
-
-
-
-
income
644
1 260
-
-
total
644
1 260
-
-
Dividends
1 655
3 240
-
-
surtax
-
-
-
-
social contributions
285
557
-
-
withholding
212
415
-
-
total
497
972
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 989
2 232
1 675
1 912
After tax
2 511
2 268
2 825
2 588
Living cost
1 354
1 354
1 354
1 354
Free-cash
1 157
914
1 471
1 234

Estimated living cost  is €1354 per month

€785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
€1959
€1961
€1836
€1815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
621
health
-
-
-
314
income
-
-
-
675
total
-
-
-
1 610
Employee
1 489
-
4 500
-
income
248
-
673
-
social contributions
206
-
621
-
health
104
-
314
-
total
558
-
1 608
-
Employer
1 489
-
4 500
-
total
-
-
-
-
Corporate
3 011
4 500
-
-
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%.

151
225
-
-
total
151
225
-
-
Dividends
2 860
4 275
-
-
social contributions
395
590
-
-
health
200
298
-
-
withholding
429
641
-
-
total
1 024
1 529
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 733
1 754
1 608
1 610
After tax
2 767
2 746
2 892
2 890
Living cost
931
931
931
931
Free-cash
1 836
1 815
1 961
1 959

Estimated living cost  is €931 per month

€623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
€723
-€197
€906
€974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
chamber of commerce
-
-
-
18
unemployment
-
-
-
269
health
-
-
-
344
income
-
-
-
758
surtax
-
-
-
9
pensions
-
-
-
832
total
-
-
-
2 230
Employee
2 195
1 750
3 488
-
income
250
129
674
-
pensions
225
179
357
-
unemployment
66
52
105
-
health
85
68
135
-
other
22
18
35
-
total
648
446
1 306
-
Employer
2 195
1 750
3 488
-
pensions
275
220
438
-
other
104
83
166
-
accident
28
23
45
-
health
83
66
132
-
payroll
66
52
105
-
chamber of commerce
9
7
14
-
unemployment
66
52
105
-
surtax
9
9
9
-
total
640
512
1 014
-
Corporate
1 665
2 238
3 321
-
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.

416
559
830
-
total
416
559
830
-
Dividends
1 249
1 678
-
-
withholding
343
462
-
-
total
343
462
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 047
1 979
3 150
2 230
After tax
2 453
2 521
1 350
2 270
Living cost
1 547
1 547
1 547
1 547
Free-cash
906
974
-197
723

Estimated living cost  is €1547 per month

€1032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
€499
€148
€263
€922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
708
communal

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

-
-
-
228
national
-
-
-
1 464
total
-
-
-
2 400
Employee

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

3 141
-
3 485
-
pensions

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

236
-
261
-
national
966
-
1 100
-
unemployment

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

27
-
30
-
communal

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

164
-
182
-
health

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

148
-
164
-
total
1 541
-
1 737
-
Employer

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

3 141
-
3 485
-
pensions

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

278
-
309
-
accident

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

41
-
45
-
health

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

193
-
214
-
unemployment

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

46
-
51
-
surtax
356
-
395
-
total
914
-
1 014
-
Corporate
444
4 500
-
-
surtax
2
18
-
-
income
89
900
-
-
total
91
918
-
-
Dividends
354
3 582
-
-
withholding

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

90
1 059
-
-
total
90
1 059
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 636
1 977
2 751
2 400
After tax
1 864
2 523
1 749
2 100
Living cost
1 601
1 601
1 601
1 601
Free-cash
263
922
148
499

Estimated living cost  is €1601 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
€838
€786
€1096
€1446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
4
unemployment
-
-
-
28
accident
-
-
-
37
income
-
-
-
855
pensions
-
-
-
1 152
total
-
-
-
2 076
Employee
2 186
-
3 412
-
income
461
-
824
-
pensions
103
-
160
-
unemployment
34
-
53
-
other
2
-
3
-
total
600
-
1 040
-
Employer
2 186
-
3 412
-
pensions
516
-
805
-
other
17
-
27
-
accident
43
-
68
-
unemployment
120
-
188
-
total
696
-
1 088
-
Corporate
1 617
4 500
-
-
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.

243
675
-
-
total
243
675
-
-
Dividends
1 374
3 825
-
-
withholding
279
793
-
-
total
279
793
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 818
1 468
2 128
2 076
After tax
2 682
3 032
2 372
2 424
Living cost
1 586
1 586
1 586
1 586
Free-cash
1 096
1 446
786
838

Estimated living cost  is €1586 per month

€1168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
€177
€374
€61
€365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
accident
-
-
-
38
health
-
-
-
316
income
-
-
-
402
communal
-
-
-
284
surtax
-
-
-
223
pensions
-
-
-
674
total
-
-
-
1 937
Employee
3 326
-
4 020
-
income
321
-
512
-
pensions
266
-
322
-
health
148
-
179
-
surtax
204
-
246
-
total
939
-
1 259
-
Employer
3 326
-
4 020
-
pensions
266
-
322
-
accident
30
-
36
-
health
101
-
123
-
total
397
-
481
-
Corporate
777
4 500
-
-
communal
-
304
-
-
surtax
8
47
-
-
income
117
675
-
-
total
125
1 026
-
-
Dividends
652
3 474
-
-
withholding
98
521
-
-
income
494
202
-
-
total
592
723
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 053
1 749
1 740
1 937
After tax
2 447
2 751
2 760
2 563
Living cost
2 386
2 386
2 386
2 386
Free-cash
61
365
374
177

Estimated living cost  is €2386 per month

€1790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
€1318
€1230
€1704
€1844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
-
unemployment
-
-
-
10
health
-
-
-
320
income
-
-
-
860
surtax
-
-
-
106
pensions
-
-
-
900
total
-
-
-
2 196
Employee
1 479
-
3 717
-
income
248
-
803
-
pensions
99
-
248
-
unemployment
103
-
259
-
health
38
-
95
-
other
-
-
-
-
surtax
5
-
96
-
total
493
-
1 501
-
Employer
1 479
-
3 717
-
pensions
197
-
496
-
other
-
-
-
-
health
67
-
169
-
unemployment
47
-
118
-
total
311
-
783
-
Corporate
2 710
4 500
-
-
income
705
1 170
-
-
total
705
1 170
-
-
Dividends
2 005
3 330
-
-
withholding
301
500
-
-
total
301
500
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 810
1 670
2 284
2 196
After tax
2 690
2 830
2 216
2 304
Living cost
986
986
986
986
Free-cash
1 704
1 844
1 230
1 318

Estimated living cost  is €986 per month

€596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€86
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
€1101
€888
€1085
€1182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
1 157
municipal
-
-
-
27
national
-
-
-
964
regional
-
-
-
68
total
-
-
-
2 216
Employee
2 436
-
4 500
-
national
386
-
827
-
social contributions
821
-
1 517
-
municipal
13
-
24
-
regional
33
-
61
-
total
1 253
-
2 429
-
Employer
2 436
-
4 500
-
total
-
-
-
-
Corporate
2 064
4 500
-
-
nationa
495
1 080
-
-
municipal
103
224
-
-
total
598
1 304
-
-
Dividends
1 466
3 196
-
-
withholding
381
831
-
-
total
381
831
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 232
2 135
2 429
2 216
After tax
2 268
2 365
2 071
2 284
Living cost
1 183
1 183
1 183
1 183
Free-cash
1 085
1 182
888
1 101

Estimated living cost  is €1183 per month

€736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€307
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
€887
€979
€1328
€1793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
1 314
health
-
-
-
607
income
-
-
-
387
solidarity contribution
-
-
-
-
total
-
-
-
2 308
Employee
1 919
-
3 358
-
income
230
-
403
-
solidarity contribution
-
-
-
-
social contributions
125
-
218
-
health
259
-
453
-
total
614
-
1 074
-
Employer
1 919
-
3 358
-
health
173
-
302
-
social contributions
480
-
840
-
total
653
-
1 142
-
Corporate
1 929
4 500
-
-
income
366
855
-
-
total
366
855
-
-
Dividends
1 562
3 645
-
-
withholding
234
547
-
-
total
234
547
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 867
1 402
2 216
2 308
After tax
2 633
3 098
2 284
2 192
Living cost
1 305
1 305
1 305
1 305
Free-cash
1 328
1 793
979
887

Estimated living cost  is €1305 per month

€970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€240
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
€878
-€48
€1101
€1125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
chamber of commerce
-
-
-
18
unemployment
-
-
-
269
health
-
-
-
344
income
-
-
-
758
surtax
-
-
-
-
pensions
-
-
-
832
total
-
-
-
2 221
Employee
1 920
1 750
3 494
-
income
171
129
677
-
pensions
197
179
358
-
unemployment
58
52
105
-
health
74
68
135
-
other
19
18
35
-
total
519
446
1 310
-
Employer
1 920
1 750
3 494
-
pensions
241
220
438
-
other
91
83
166
-
accident
25
23
45
-
health
73
66
132
-
payroll
58
52
105
-
chamber of commerce
8
7
14
-
unemployment
58
52
105
-
surtax
-
-
-
-
total
554
503
1 005
-
Corporate
2 028
2 246
3 328
-
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.

507
562
832
-
total
507
562
832
-
Dividends
1 521
1 685
-
-
withholding
418
463
-
-
total
418
463
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 998
1 974
3 147
2 221
After tax
2 502
2 526
1 353
2 279
Living cost
1 401
1 401
1 401
1 401
Free-cash
1 101
1 125
-48
878

Estimated living cost  is €1401 per month

€840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
€3841
€2986
€3545
€3661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
4 500
microenterprise

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

-
-
-
45
total
-
-
-
45
Employee
768
-
4 500
-
income
154
-
900
-
total
154
-
900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

3 732
4 500
-
-
total
-
-
-
-
Dividends
3 732
4 500
-
-
withholding
187
225
-
-
total
187
225
-
-
Income
4 500
4 500
4 500
4 500
Total tax
341
225
900
45
After tax
4 159
4 275
3 600
4 455
Living cost
614
614
614
614
Free-cash
3 545
3 661
2 986
3 841

Estimated living cost  is €614 per month

€416
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.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€152
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
€1145
€1016
€1553
€1920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
4 500
unemployment
-
-
-
7
health
-
-
-
443
income
-
-
-
905
pensions
-
-
-
822
total
-
-
-
2 177
Employee

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

1 942
-
3 894
-
income
335
-
839
-
pensions
301
-
604
-
unemployment
3
-
5
-
health
125
-
252
-
total
764
-
1 700
-
Employer

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

1 942
-
3 894
-
pensions
172
-
345
-
health
129
-
259
-
unemployment
1
-
2
-
total
302
-
606
-
Corporate
2 256
4 500
-
-
income
429
855
-
-
total
429
855
-
-
Dividends
1 827
3 645
-
-
withholding
274
547
-
-
total
274
547
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 769
1 402
2 306
2 177
After tax
2 731
3 098
2 194
2 323
Living cost
1 178
1 178
1 178
1 178
Free-cash
1 553
1 920
1 016
1 145

Estimated living cost  is €1178 per month

€808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
€1209
€2019
-€2068
€837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
513
income
-
-
-
877
total
-
-
-
1 390
Employee
2 725
-
-
-
income
601
-
-
-
social contributions
223
-
32
-
total
824
-
32
-
Employer
2 725
-
-
-
social contributions
3 843
-
548
-
total
3 843
-
548
-
Corporate
-
4 500
-
-
income
-
990
-
-
total
-
990
-
-
Dividends
-
3 510
-
-
income
-
772
-
-
total
-
772
-
-
Income
4 500
4 500
4 500
4 500
Total tax
4 667
1 762
580
1 390
After tax
-167
2 738
3 920
3 110
Living cost
1 901
1 901
1 901
1 901
Free-cash
-2 068
837
2 019
1 209

Estimated living cost  is €1901 per month

€1233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€464
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
€1134
€899
€1139
€1183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
4 500
social contributions

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

-
-
-
1 564
income
-
-
-
425
surtax
-
-
-
-
total
-
-
-
1 989
Employee
2 020
-
3 636
-
income
420
-
960
-
social contributions
222
-
400
-
surtax
-
-
-
-
total
642
-
1 360
-
Employer
2 020
-
3 636
-
social contributions
480
-
864
-
total
480
-
864
-
Corporate
2 001
4 500
-
-
surtax
-
-
-
-
income
420
945
-
-
total
420
945
-
-
Dividends
1 580
3 555
-
-
withholding
442
995
-
-
total
442
995
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 984
1 940
2 224
1 989
After tax
2 516
2 560
2 276
2 511
Living cost
1 377
1 377
1 377
1 377
Free-cash
1 139
1 183
899
1 134

Estimated living cost  is €1377 per month

€1031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€81
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
€467
€704
€451
€147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
140
social contributions
-
-
-
128
health
-
-
-
89
income
-
-
-
444
surtax
-
-
-
-
pensions
-
-
-
1 111
total
-
-
-
1 912
Employee
2 750
-
3 649
-
income
240
-
544
-
pensions
311
-
176
-
social contributions
78
-
104
-
surtax
-
-
-
-
total
629
-
824
-
Employer
2 750
-
3 649
-
pensions
452
-
311
-
other
95
-
126
-
health
192
-
255
-
unemployment
111
-
148
-
social contributions
8
-
11
-
total
858
-
851
-
Corporate
891
4 500
-
-
surtax
-
-
-
-
income
249
1 260
-
-
total
249
1 260
-
-
Dividends
641
3 240
-
-
surtax
-
-
-
-
social contributions
110
557
-
-
withholding
82
415
-
-
total
192
972
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 928
2 232
1 675
1 912
After tax
2 572
2 268
2 825
2 588
Living cost
2 121
2 121
2 121
2 121
Free-cash
451
147
704
467

Estimated living cost  is €2121 per month

€1435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€29
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€483
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
€2106
€2225
€2582
€2730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
990
income
-
-
-
84
total
-
-
-
1 074
Employee
1 412
-
3 896
-
social contributions
92
-
253
-
income
-
-
98
-
total
92
-
351
-
Employer
1 412
-
3 896
-
social contributions
219
-
604
-
total
219
-
604
-
Corporate
2 869
4 500
-
-
income
287
450
-
-
total
287
450
-
-
Dividends
2 582
4 050
-
-
total
-
-
-
-
Income
4 500
4 500
4 500
4 500
Total tax
598
450
955
1 074
After tax
3 902
4 050
3 545
3 426
Living cost
1 320
1 320
1 320
1 320
Free-cash
2 582
2 730
2 225
2 106

Estimated living cost  is €1320 per month

€854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
€671
-€5064
-€5064
-€5064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
municipal
-
-
-
841
national
-
-
-
479
labour market
-
-
-
357
pensions
-
-
-
38
total
-
-
-
1 715
Employee
8 922
8 922
8 922
-
labour market
713
713
713
-
pensions
13
13
13
-
national
1 090
1 090
1 090
-
municipal
1 900
1 900
1 900
-
total
3 716
3 716
3 716
-
Employer
8 922
8 922
8 922
-
pensions
25
25
25
-
municipal
1 903
1 903
1 903
-
national
1 092
1 092
1 092
-
labour market
714
714
714
-
total
3 734
3 734
3 734
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
4 500
4 500
4 500
4 500
Total tax
7 450
7 450
7 450
1 715
After tax
-2 950
-2 950
-2 950
2 785
Living cost
2 114
2 114
2 114
2 114
Free-cash
-5 064
-5 064
-5 064
671

Estimated living cost  is €2114 per month

€1447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€33
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.
€448
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
€2142
€1385
€220
-€582
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
16
accident
-
-
-
11
health
-
-
-
95
income
-
-
-
1 108
pensions
-
-
-
182
total
-
-
-
1 412
Employee
1 489
-
3 860
-
income
204
-
753
-
pensions
168
-
333
-
health
170
-
442
-
total
542
-
1 528
-
Employer
1 489
-
3 860
-
pensions
242
-
481
-
accident
25
-
64
-
unemployment
36
-
95
-
total
303
-
640
-
Corporate
2 708
4 500
-
-
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.

2 437
4 050
-
-
total
2 437
4 050
-
-
Dividends
271
450
-
-
withholding
51
85
-
-
total
51
85
-
-
Income
4 500
4 500
4 500
4 500
Total tax
3 333
4 135
2 168
1 412
After tax
1 167
365
2 332
3 088
Living cost
946
946
946
946
Free-cash
220
-582
1 385
2 142

Estimated living cost  is €946 per month

€689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€54
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€1497
€871
€1214
€1298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
4 500
municipal
-
-
-
801
health
-
-
-
51
national
-
-
-
465
total
-
-
-
1 317
Employee
2 310
-
3 786
-
pensions
156
-
256
-
national
38
-
257
-
municipal
378
-
618
-
unemployment
35
-
57
-
health
17
-
40
-
total
624
-
1 228
-
Employer
2 310
-
3 786
-
pensions
401
-
657
-
accident
2
-
4
-
health
18
-
29
-
unemployment
15
-
25
-
total
436
-
715
-
Corporate
1 754
4 500
-
-
income
351
900
-
-
total
351
900
-
-
Dividends

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

1 052
2 700
-
-
municipal
189
486
-
-
national
-
130
-
-
total
189
616
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 600
1 516
1 943
1 317
After tax
2 900
2 984
2 557
3 183
Living cost
1 686
1 686
1 686
1 686
Free-cash
1 214
1 298
871
1 497

Estimated living cost  is €1686 per month

€1101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€396
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€2160
€2156
€2037
€2277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
702
health
-
-
-
115
income
-
-
-
506
total
-
-
-
1 323
Employee
3 377
3 377
4 085
-
income
368
313
504
-
social contributions
128
280
339
-
health
26
57
69
-
total
522
650
912
-
Employer
3 377
3 377
4 085
-
health
28
62
76
-
social contributions
128
280
339
-
total
156
342
415
-
Corporate
2 806
781
-
-
income
351
98
-
-
total
351
98
-
-
Dividends
2 455
683
-
-
withholding
417
116
-
-
total
417
116
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 446
1 206
1 327
1 323
After tax
3 054
3 294
3 173
3 177
Living cost
1 017
1 017
1 017
1 017
Free-cash
2 037
2 277
2 156
2 160

Estimated living cost  is €1017 per month

€609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
€2933
€2079
€2806
€3029
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
4 500
unemployment
-
-
-
1
health
-
-
-
159
income
-
-
-
431
pensions
-
-
-
279
total
-
-
-
870
Employee

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

1 008
-
4 080
-
income
69
-
326
-
pensions
151
-
612
-
unemployment
5
-
20
-
health
86
-
347
-
total
311
-
1 305
-
Employer

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

1 008
-
4 080
-
pensions
55
-
224
-
health
43
-
175
-
unemployment
5
-
20
-
total
103
-
419
-
Corporate
3 388
4 500
-
-
income
305
405
-
-
total
305
405
-
-
Dividends
3 083
4 095
-
-
withholding
278
369
-
-
total
278
369
-
-
Income
4 500
4 500
4 500
4 500
Total tax
997
774
1 724
870
After tax
3 503
3 726
2 776
3 630
Living cost
697
697
697
697
Free-cash
2 806
3 029
2 079
2 933

Estimated living cost  is €697 per month

€445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
€1216
€1164
€1594
€1824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
4
unemployment
-
-
-
28
accident
-
-
-
37
income
-
-
-
855
pensions
-
-
-
1 152
total
-
-
-
2 076
Employee
1 624
-
3 412
-
income
313
-
824
-
pensions
76
-
160
-
unemployment
25
-
53
-
other
2
-
3
-
total
416
-
1 040
-
Employer
1 624
-
3 412
-
pensions
383
-
805
-
other
13
-
27
-
accident
32
-
68
-
unemployment
89
-
188
-
total
517
-
1 088
-
Corporate
2 359
4 500
-
-
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.

354
675
-
-
total
354
675
-
-
Dividends
2 005
3 825
-
-
withholding
411
793
-
-
total
411
793
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 698
1 468
2 128
2 076
After tax
2 802
3 032
2 372
2 424
Living cost
1 208
1 208
1 208
1 208
Free-cash
1 594
1 824
1 164
1 216

Estimated living cost  is €1208 per month

€815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€255
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
€2735
€2726
€2669
€2688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
health
-
-
-
63
income
-
-
-
1 495
pensions
-
-
-
87
total
-
-
-
1 645
Employee
182
-
4 402
-
income
35
-
1 490
-
pensions
16
-
39
-
unemployment
2
-
4
-
health
9
-
22
-
total
62
-
1 555
-
Employer
182
-
4 402
-
pensions
20
-
48
-
health
17
-
42
-
unemployment
4
-
9
-
total
41
-
99
-
Corporate
4 277
4 500
-
-
income
941
990
-
-
total
941
990
-
-
Dividends
3 336
3 510
-
-
withholding
667
702
-
-
total
667
702
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 711
1 692
1 654
1 645
After tax
2 789
2 808
2 846
2 855
Living cost
120
120
120
120
Free-cash
2 669
2 688
2 726
2 735

Estimated living cost  is €120 per month

€71
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€36
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
€1635
€1636
€2275
€2492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
4 500
unemployment
-
-
-
49
health
-
-
-
334
income
-
-
-
880
pensions
-
-
-
843
total
-
-
-
2 106
Employee

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

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

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

1 145
-
3 919
-
income
158
-
880
-
pensions
160
-
454
-
unemployment
9
-
24
-
health
59
-
167
-
total
386
-
1 525
-
Employer

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

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

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

1 145
-
3 919
-
pensions
137
-
389
-
health
59
-
167
-
unemployment
9
-
24
-
total
205
-
580
-
Corporate
3 151
4 500
-
-
income
473
675
-
-
total
473
675
-
-
Dividends
2 678
3 825
-
-
withholding
402
574
-
-
total
402
574
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 466
1 249
2 105
2 106
After tax
3 034
3 251
2 395
2 394
Living cost
759
759
759
759
Free-cash
2 275
2 492
1 636
1 635

Estimated living cost  is €759 per month

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€59
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
€1327
€1092
€1359
€1376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
4 500
social contributions

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

-
-
-
1 564
income
-
-
-
425
surtax
-
-
-
-
total
-
-
-
1 989
Employee
1 704
-
3 636
-
income
333
-
960
-
social contributions
188
-
400
-
surtax
-
-
-
-
total
521
-
1 360
-
Employer
1 704
-
3 636
-
social contributions
405
-
864
-
total
405
-
864
-
Corporate
2 391
4 500
-
-
surtax
-
-
-
-
income
502
945
-
-
total
502
945
-
-
Dividends
1 889
3 555
-
-
withholding
529
995
-
-
total
529
995
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 957
1 940
2 224
1 989
After tax
2 543
2 560
2 276
2 511
Living cost
1 184
1 184
1 184
1 184
Free-cash
1 359
1 376
1 092
1 327

Estimated living cost  is €1184 per month

€838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
€881
€829
€1154
€1489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
4
unemployment
-
-
-
28
accident
-
-
-
37
income
-
-
-
855
pensions
-
-
-
1 152
total
-
-
-
2 076
Employee
2 121
-
3 412
-
income
443
-
824
-
pensions
100
-
160
-
unemployment
33
-
53
-
other
2
-
3
-
total
578
-
1 040
-
Employer
2 121
-
3 412
-
pensions
500
-
805
-
other
17
-
27
-
accident
42
-
68
-
unemployment
117
-
188
-
total
676
-
1 088
-
Corporate
1 703
4 500
-
-
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.

255
675
-
-
total
255
675
-
-
Dividends
1 448
3 825
-
-
withholding
294
793
-
-
total
294
793
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 803
1 468
2 128
2 076
After tax
2 697
3 032
2 372
2 424
Living cost
1 543
1 543
1 543
1 543
Free-cash
1 154
1 489
829
881

Estimated living cost  is €1543 per month

€1108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
€2661
€2801
€2825
€3092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
unemployment
-
-
-
6
health
-
-
-
176
income
-
-
-
675
pensions

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

-
-
-
227
total
-
-
-
1 084
Employee
1 000
-
4 199
-
income
100
-
420
-
pensions

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

88
-
135
-
health
46
-
71
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
total
245
-
643
-
Employer
1 000
-
4 199
-
pensions

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

110
-
169
-
accident

We are using the highest rate at 1.1%.

11
-
17
-
health
69
-
106
-
unemployment
6
-
9
-
total
196
-
301
-
Corporate
3 304
4 500
-
-
income
330
450
-
-
total
330
450
-
-
Dividends
2 974
4 050
-
-
withholding
149
203
-
-
total
149
203
-
-
Income
4 500
4 500
4 500
4 500
Total tax
920
653
944
1 084
After tax
3 580
3 847
3 556
3 416
Living cost
755
755
755
755
Free-cash
2 825
3 092
2 801
2 661

Estimated living cost  is €755 per month

€499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€194
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
€1142
€1495
€1201
€626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
4 500
trade
-
-
-
353
health

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

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

-
-
-
300
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.

-
-
-
957
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.

-
-
-
53
total
-
-
-
1 663
Employee

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

2 185
-
4 500
-
surtax

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

10
-
53
-
income

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

180
-
957
-
health

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

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

300
-
300
-
total
490
-
1 310
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
2 315
4 500
-
-
trade
332
646
-
-
surtax

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

19
37
-
-
income
347
675
-
-
chamber of commerce
10
13
-
-
total
708
1 371
-
-
Dividends
1 606
3 129
-
-
surtax

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

21
42
-
-
withholding
385
766
-
-
total
406
808
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 604
2 179
1 310
1 663
After tax
2 896
2 321
3 190
2 837
Living cost
1 695
1 695
1 695
1 695
Free-cash
1 201
626
1 495
1 142

Estimated living cost  is €1695 per month

€1170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€25
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
€522
€522
€746
€648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
402
income
-
-
-
1 074
total
-
-
-
1 476
Employee
3 435
-
4 500
-
social contributions
285
-
402
-
income
648
-
1 074
-
total
933
-
1 476
-
Employer
3 435
-
4 500
-
total
-
-
-
-
Corporate
1 065
4 500
-
-
income
133
562
-
-
total
133
562
-
-
Dividends
932
3 938
-
-
withholding
186
788
-
-
total
186
788
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 252
1 350
1 476
1 476
After tax
3 248
3 150
3 024
3 024
Living cost
2 502
2 502
2 502
2 502
Free-cash
746
648
522
522

Estimated living cost  is €2502 per month

€1903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€204
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
€1365
€1713
€1261
€1099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
4 500
health

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

-
-
-
291
income
-
-
-
1 250
total
-
-
-
1 541
Employee
2 014
-
4 298
-
social contributions
202
-
202
-
income
219
-
789
-
total
421
-
991
-
Employer
2 014
-
4 298
-
social contributions
202
-
202
-
total
202
-
202
-
Corporate
2 284
4 500
-
-
income
799
1 575
-
-
total
799
1 575
-
-
Dividends
1 484
2 925
-
-
social contributions
223
232
-
-
total
223
232
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 645
1 807
1 193
1 541
After tax
2 855
2 693
3 307
2 959
Living cost
1 594
1 594
1 594
1 594
Free-cash
1 261
1 099
1 713
1 365

Estimated living cost  is €1594 per month

€1050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€24
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€1593
€1179
€1486
€1661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
income
-
-
-
939
pensions
-
-
-
331
total
-
-
-
1 270
Employee
2 247
-
3 961
-
income
409
-
704
-
pensions
172
-
377
-
health
29
-
64
-
total
610
-
1 145
-
Employer
2 247
-
3 961
-
pensions
227
-
464
-
health
43
-
75
-
total
270
-
539
-
Corporate
1 983
4 500
-
-
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.

377
855
-
-
total
377
855
-
-
Dividends
1 606
3 645
-
-
withholding
120
347
-
-
total
120
347
-
-
Income
4 500
4 500
4 500
4 500
Total tax
1 377
1 202
1 684
1 270
After tax
3 123
3 298
2 816
3 230
Living cost
1 637
1 637
1 637
1 637
Free-cash
1 486
1 661
1 179
1 593

Estimated living cost  is €1637 per month

€1123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€151
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€343
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
€2048
€1292
€207
-€675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
other
-
-
-
16
accident
-
-
-
11
health
-
-
-
95
income
-
-
-
1 108
pensions
-
-
-
182
total
-
-
-
1 412
Employee
1 636
-
3 860
-
income
224
-
753
-
pensions
184
-
333
-
health
187
-
442
-
total
595
-
1 528
-
Employer
1 636
-
3 860
-
pensions
266
-
481
-
accident
27
-
64
-
unemployment
40
-
95
-
total
333
-
640
-
Corporate
2 530
4 500
-
-
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.

2 277
4 050
-
-
total
2 277
4 050
-
-
Dividends
253
450
-
-
withholding
48
85
-
-
total
48
85
-
-
Income
4 500
4 500
4 500
4 500
Total tax
3 253
4 135
2 168
1 412
After tax
1 247
365
2 332
3 088
Living cost
1 040
1 040
1 040
1 040
Free-cash
207
-675
1 292
2 048

Estimated living cost  is €1040 per month

€763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€195
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
€1977
€2248
€3018
€3194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
4 500
work injury
-
-
-
22
unemployment
-
-
-
54
income
-
-
-
693
health insurance
-
-
-
333
pensions
-
-
-
828
total
-
-
-
1 930
Employee

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

948
-
4 500
-
income
95
-
693
-
work injury
5
-
18
-
pensions
175
-
646
-
unemployment
11
-
42
-
health insurance
70
-
260
-
total
356
-
1 659
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 552
4 500
-
-
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%.

-
45
-
-
total
-
45
-
-
Dividends
3 552
4 455
-
-
withholding
533
668
-
-
total
533
668
-
-
Income
4 500
4 500
4 500
4 500
Total tax
889
713
1 659
1 930
After tax
3 611
3 787
2 841
2 570
Living cost
593
593
593
593
Free-cash
3 018
3 194
2 248
1 977

Estimated living cost  is €593 per month

€367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€18
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
€509
€303
€422
€621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
4 500
social contributions
-
-
-
1 157
municipal
-
-
-
30
national
-
-
-
964
regional
-
-
-
91
total
-
-
-
2 242
Employee
3 700
-
4 500
-
national
625
-
827
-
social contributions
1 248
-
1 517
-
municipal
22
-
27
-
regional
56
-
77
-
total
1 951
-
2 448
-
Employer
3 700
-
4 500
-
total
-
-
-
-
Corporate
800
4 500
-
-
nationa
192
1 080
-
-
municipal
38
217
-
-
total
230
1 297
-
-
Dividends
569
3 203
-
-
withholding
148
833
-
-
total
148
833
-
-
Income
4 500
4 500
4 500
4 500
Total tax
2 329
2 130
2 448
2 242
After tax
2 171
2 370
2 052
2 258
Living cost
1 749
1 749
1 749
1 749
Free-cash
422
621
303
509

Estimated living cost  is €1749 per month

€1229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€26
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close