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
€ 550
per

Your estimated
City
free-cash

Dresden , Germany
-€28
€85
€105
€117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
550
trade
-
-
-
12
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.

-
-
-
54
health

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

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

-
-
-
69
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
total
-
-
-
138
Employee

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

388
-
550
-
health

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

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

69
-
69
-
surtax

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

1
-
3
-
income

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

11
-
54
-
total
81
-
126
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
162
550
-
-
surtax

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

1
5
-
-
income
24
82
-
-
trade
26
87
-
-
chamber of commerce
2
2
-
-
total
53
176
-
-
Dividends
109
374
-
-
surtax

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

1
5
-
-
withholding
23
90
-
-
total
24
95
-
-
Income
550
550
550
550
Total tax
158
271
126
138
After tax
392
279
424
412
Living cost
307
307
307
307
Free-cash
85
-28
117
105

Estimated living cost  is €307 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
-€169
-€317
-€166
-€161
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
-
-
-
550
municipal
-
-
-
52
pensions
-
-
-
66
national
-
-
-
80
social contributions
-
-
-
6
total
-
-
-
204
Employee
794
-
475
-
municipal
98
-
54
-
pensions
32
-
19
-
national
152
-
83
-
total
282
-
156
-
Employer
794
-
475
-
social contributions
9
-
5
-
pensions
64
-
38
-
total
73
-
43
-
Corporate
-
550
-
-
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%.

-
110
-
-
total
-
110
-
-
Dividends
-
440
-
-
withholding
-
97
-
-
total
-
97
-
-
Income
550
550
550
550
Total tax
355
207
199
204
After tax
195
343
351
346
Living cost
512
512
512
512
Free-cash
-317
-169
-161
-166

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
€229
€145
€225
€104
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.

-
-
-
550
microenterprise
-
-
-
82
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
32
total
-
-
-
114
Employee
296
-
443
-
social contributions

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

33
-
49
-
surtax
-
-
-
-
income
53
-
79
-
total
86
-
128
-
Employer
296
-
443
-
social contributions

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

71
-
107
-
surtax
-
-
-
-
total
71
-
107
-
Corporate
183
550
-
-
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%.

37
110
-
-
total
37
110
-
-
Dividends

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

146
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
194
110
235
114
After tax
356
440
315
436
Living cost
211
211
211
211
Free-cash
145
229
104
225

Estimated living cost  is €211 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
-€400
-€457
-€110
-€457
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
-
-
-
550
income
-
-
-
52
pensions
-
-
-
99
health
-
-
-
84
total
-
-
-
235
Employee
865
865
865
-
health
133
113
133
-
income

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

142
142
142
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
582
525
582
235
After tax
-32
25
-32
315
Living cost
425
425
425
425
Free-cash
-457
-400
-457
-110

Estimated living cost  is €425 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
-€92
-€183
-€117
-€99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
municipal
-
-
-
116
accident
-
-
-
1
pensions
-
-
-
59
other
-
-
-
64
unemployment
-
-
-
1
health
-
-
-
34
national
-
-
-
-
total
-
-
-
275
Employee
558
-
419
-
municipal
166
-
125
-
national
-
-
-
-
total
166
-
125
-
Employer
558
-
419
-
accident
1
-
1
-
other
65
-
49
-
unemployment
15
-
11
-
pensions
60
-
45
-
health
34
-
26
-
total
175
-
132
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
withholding
-
129
-
-
total
-
129
-
-
Income
550
550
550
550
Total tax
341
250
257
275
After tax
209
300
293
275
Living cost
392
392
392
392
Free-cash
-183
-92
-99
-117

Estimated living cost  is €392 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€88
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
-€121
€22
€13
€26
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.

-
-
-
550
trade
-
-
-
13
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.

-
-
-
54
health

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

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

-
-
-
69
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
total
-
-
-
139
Employee

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

514
-
550
-
health

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

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

69
-
69
-
surtax

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

2
-
3
-
income

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

44
-
54
-
total
115
-
126
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36
550
-
-
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.

-
5
-
-
income
5
82
-
-
trade
6
90
-
-
chamber of commerce
2
2
-
-
total
13
179
-
-
Dividends
23
370
-
-
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.

-
5
-
-
withholding
2
89
-
-
total
2
94
-
-
Income
550
550
550
550
Total tax
130
273
126
139
After tax
420
277
424
411
Living cost
398
398
398
398
Free-cash
22
-121
26
13

Estimated living cost  is €398 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
-€8
€34
€106
€41
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
15
health
-
-
-
14
social contributions
-
-
-
86
total
-
-
-
115
Employee
779
779
779
-
social contributions
38
65
41
-
health
8
13
8
-
income
82
72
81
-
total
128
150
130
-
Employer
779
779
779
-
social contributions
38
65
41
-
health
8
14
9
-
total
46
79
50
-
Corporate
48
-
-
-
income
6
-
-
-
total
6
-
-
-
Dividends
42
-
-
-
withholding
7
-
-
-
total
7
-
-
-
Income
550
550
550
550
Total tax
187
229
180
115
After tax
363
321
370
435
Living cost
329
329
329
329
Free-cash
34
-8
41
106

Estimated living cost  is €329 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
€127
€131
€197
€135
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
-
-
-
550
income
-
-
-
67
pensions
-
-
-
55
unemployment
-
-
-
8
health
-
-
-
39
total
-
-
-
169
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.

266
106
460
-
health
19
7
32
-
income
32
13
56
-
pensions
27
11
46
-
unemployment
4
2
7
-
total
82
33
141
-
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.

266
106
460
-
pensions
52
21
90
-
total
52
21
90
-
Corporate
232
424
-
-
income
21
38
-
-
total
21
38
-
-
Dividends
211
385
-
-
social contributions
40
74
-
-
withholding
40
73
-
-
total
80
147
-
-
Income
550
550
550
550
Total tax
235
239
231
169
After tax
315
311
319
381
Living cost
184
184
184
184
Free-cash
131
127
135
197

Estimated living cost  is €184 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
€195
€132
€62
€83
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
-
-
-
550
income
-
-
-
61
pensions
-
-
-
110
health
-
-
-
72
total
-
-
-
243
Employee
287
-
411
-
income
32
-
69
-
pensions
6
-
8
-
unemployment
5
-
7
-
total
43
-
84
-
Employer
287
-
411
-
unemployment
2
-
3
-
pensions
58
-
82
-
health
37
-
53
-
total
97
-
138
-
Corporate
165
550
-
-
income
33
110
-
-
total
33
110
-
-
Dividends
132
440
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
173
110
222
243
After tax
377
440
328
307
Living cost
245
245
245
245
Free-cash
132
195
83
62

Estimated living cost  is €245 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-€177
€10
€158
€69
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
-
-
-
550
accident
-
-
-
3
income
-
-
-
99
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
170
Employee
349
-
457
-
health
40
-
52
-
income
48
-
63
-
pensions
39
-
51
-
total
127
-
166
-
Employer
349
-
457
-
accident
6
-
8
-
unemployment
9
-
11
-
pensions
57
-
74
-
total
72
-
93
-
Corporate
130
550
-
-
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.

117
495
-
-
total
117
495
-
-
Dividends
13
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
318
505
259
170
After tax
232
45
291
380
Living cost
222
222
222
222
Free-cash
10
-177
69
158

Estimated living cost  is €222 per week

€162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€431
€414
€453
€349
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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
114
-
550
-
income
23
-
110
-
total
23
-
110
-
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%.

436
550
-
-
total
-
-
-
-
Dividends
436
550
-
-
withholding
22
28
-
-
total
22
28
-
-
Income
550
550
550
550
Total tax
45
28
110
6
After tax
505
522
440
544
Living cost
91
91
91
91
Free-cash
414
431
349
453

Estimated living cost  is €91 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€134
€65
€28
€52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
70
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.

-
-
-
132
other
-
-
-
26
health
-
-
-
24
total
-
-
-
252
Employee
368
-
439
-
health
5
-
6
-
income
63
-
76
-
pensions

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

26
-
31
-
unemployment
4
-
4
-
total
98
-
117
-
Employer
368
-
439
-
accident
3
-
4
-
other
18
-
22
-
unemployment
4
-
4
-
pensions

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

63
-
75
-
health
5
-
6
-
total
93
-
111
-
Corporate
89
550
-
-
income
19
116
-
-
total
19
116
-
-
Dividends
71
434
-
-
withholding
5
30
-
-
total
5
30
-
-
Income
550
550
550
550
Total tax
215
146
228
252
After tax
335
404
322
298
Living cost
270
270
270
270
Free-cash
65
134
52
28

Estimated living cost  is €270 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
-€267
-€544
-€266
-€320
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
-
-
-
550
income
-
-
-
103
pensions
-
-
-
33
total
-
-
-
136
Employee
962
-
492
-
health
16
-
6
-
income
173
-
90
-
pensions
93
-
36
-
total
282
-
132
-
Employer
962
-
492
-
pensions
114
-
49
-
health
18
-
9
-
total
132
-
58
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
414
137
190
136
After tax
136
413
360
414
Living cost
680
680
680
680
Free-cash
-544
-267
-320
-266

Estimated living cost  is €680 per week

€510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€337
€291
€241
€249
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
-
-
-
550
income
-
-
-
82
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
176
Employee
176
-
481
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
48
-
pensions

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

15
-
31
-
total
43
-
99
-
Employer
176
-
481
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
total
34
-
69
-
Corporate
339
550
-
-
income
34
55
-
-
total
34
55
-
-
Dividends
305
495
-
-
withholding
15
25
-
-
total
15
25
-
-
Income
550
550
550
550
Total tax
126
80
168
176
After tax
424
470
382
374
Living cost
133
133
133
133
Free-cash
291
337
249
241

Estimated living cost  is €133 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-€537
-€554
-€247
-€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
-
-
-
550
income
-
-
-
52
pensions
-
-
-
99
health
-
-
-
84
total
-
-
-
235
Employee
940
865
865
-
health
117
113
133
-
income

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

142
142
142
-
pensions
119
119
156
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
pensions
65
60
60
-
health
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
542
525
582
235
After tax
8
25
-32
315
Living cost
562
562
562
562
Free-cash
-554
-537
-594
-247

Estimated living cost  is €562 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
€135
€49
€25
€36
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
47
health
-
-
-
74
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
total
-
-
-
282
Employee
357
-
410
-
social contributions
23
-
27
-
health
48
-
55
-
solidarity contribution
-
-
-
-
income
43
-
49
-
total
114
-
131
-
Employer
357
-
410
-
social contributions
89
-
103
-
health
32
-
37
-
total
121
-
140
-
Corporate
72
550
-
-
income
14
105
-
-
total
14
105
-
-
Dividends
58
445
-
-
withholding
9
67
-
-
total
9
67
-
-
Income
550
550
550
550
Total tax
258
172
271
282
After tax
292
378
279
268
Living cost
243
243
243
243
Free-cash
49
135
36
25

Estimated living cost  is €243 per week

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

Source of data for Brno model

Close
Milan , Italy
-€134
-€351
-€126
-€158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
municipal
-
-
-
3
regional
-
-
-
5
national
-
-
-
99
social contributions
-
-
-
141
total
-
-
-
248
Employee
901
-
550
-
social contributions
304
-
185
-
regional
8
-
5
-
municipal
5
-
3
-
national
156
-
87
-
total
473
-
280
-
Employer
901
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
21
-
-
total
-
153
-
-
Dividends
-
397
-
-
withholding
-
103
-
-
total
-
103
-
-
Income
550
550
550
550
Total tax
473
256
280
248
After tax
77
294
270
302
Living cost
428
428
428
428
Free-cash
-351
-134
-158
-126

Estimated living cost  is €428 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
€122
€90
€90
€77
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
-
-
-
550
income
-
-
-
81
pensions
-
-
-
110
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
39
surtax
-
-
-
4
total
-
-
-
236
Employee
335
-
454
-
other
-
-
-
-
health
9
-
12
-
surtax
1
-
3
-
income
56
-
76
-
pensions
22
-
30
-
unemployment
23
-
32
-
total
111
-
153
-
Employer
335
-
454
-
other
-
-
-
-
unemployment
11
-
14
-
pensions
45
-
61
-
health
15
-
21
-
total
71
-
96
-
Corporate
144
550
-
-
income
38
143
-
-
total
38
143
-
-
Dividends
107
407
-
-
withholding
16
61
-
-
total
16
61
-
-
Income
550
550
550
550
Total tax
236
204
249
236
After tax
314
346
301
314
Living cost
224
224
224
224
Free-cash
90
122
77
90

Estimated living cost  is €224 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-€52
-€177
-€51
-€105
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
-
-
-
550
income
-
-
-
103
pensions
-
-
-
33
total
-
-
-
136
Employee
645
-
492
-
health
9
-
6
-
income
116
-
90
-
pensions
55
-
36
-
total
180
-
132
-
Employer
645
-
492
-
pensions
70
-
49
-
health
12
-
9
-
total
82
-
58
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
262
137
190
136
After tax
288
413
360
414
Living cost
465
465
465
465
Free-cash
-177
-52
-105
-51

Estimated living cost  is €465 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€514
-€431
-€300
-€326
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
-
-
-
550
city
-
-
-
6
pensions
-
-
-
51
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.

-
-
-
11
regional
-
-
-
12
health
-
-
-
2
national
-
-
-
2
total
-
-
-
84
Employee
896
-
492
-
city
10
-
5
-
regional
29
-
10
-
health
2
-
1
-
pensions
75
-
41
-
unemployment
-
-
-
-
national
4
-
1
-
total
120
-
58
-
Employer
896
-
492
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

18
-
10
-
unemployment
-
-
-
-
pensions
75
-
41
-
health
2
-
1
-
total
95
-
52
-
Corporate
-
550
-
-
regional
-
116
-
-
national
-
47
-
-
total
-
163
-
-
Dividends
-
387
-
-
withholding
-
135
-
-
total
-
135
-
-
Income
550
550
550
550
Total tax
215
298
110
84
After tax
335
252
440
466
Living cost
766
766
766
766
Free-cash
-431
-514
-326
-300

Estimated living cost  is €766 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-€190
-€59
-€54
-€40
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.

-
-
-
550
trade
-
-
-
14
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.

-
-
-
54
health

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

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

-
-
-
69
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
total
-
-
-
140
Employee

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

609
-
550
-
health

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

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

69
-
69
-
surtax

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

4
-
3
-
income

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

72
-
54
-
total
145
-
126
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
550
-
-
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.

-
5
-
-
income
-
82
-
-
trade
-
94
-
-
chamber of commerce
-
2
-
-
total
-
183
-
-
Dividends
-
366
-
-
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.

-
5
-
-
withholding
-
88
-
-
total
-
93
-
-
Income
550
550
550
550
Total tax
145
276
126
140
After tax
405
274
424
410
Living cost
464
464
464
464
Free-cash
-59
-190
-40
-54

Estimated living cost  is €464 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
-€70
-€19
-€17
-€10
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
-
-
-
550
income
-
-
-
23
pensions
-
-
-
159
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
220
Employee
434
-
419
-
social contributions
12
-
12
-
surtax
-
-
-
-
income
26
-
24
-
pensions
49
-
47
-
total
87
-
83
-
Employer
434
-
419
-
other
15
-
14
-
social contributions
1
-
1
-
unemployment
18
-
17
-
pensions
71
-
69
-
health
30
-
29
-
total
135
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
withholding
-
51
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
222
273
213
220
After tax
328
277
337
330
Living cost
347
347
347
347
Free-cash
-19
-70
-10
-17

Estimated living cost  is €347 per week

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

Source of data for Nice model

Close
Marseille , France
-€35
€21
€18
€25
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
23
pensions
-
-
-
159
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
220
Employee
387
-
419
-
social contributions
11
-
12
-
surtax
-
-
-
-
income
20
-
24
-
pensions
44
-
47
-
total
75
-
83
-
Employer
387
-
419
-
other
13
-
14
-
social contributions
1
-
1
-
unemployment
16
-
17
-
pensions
64
-
69
-
health
27
-
29
-
total
121
-
130
-
Corporate
42
550
-
-
surtax
-
-
-
-
income
12
154
-
-
total
12
154
-
-
Dividends
30
396
-
-
surtax
-
-
-
-
social contributions
5
68
-
-
withholding
4
51
-
-
total
9
119
-
-
Income
550
550
550
550
Total tax
217
273
213
220
After tax
333
277
337
330
Living cost
312
312
312
312
Free-cash
21
-35
25
18

Estimated living cost  is €312 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
€121
€127
€139
€116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
82
health
-
-
-
38
social contributions
-
-
-
76
total
-
-
-
196
Employee
344
-
550
-
social contributions
47
-
76
-
health
24
-
38
-
income
57
-
105
-
total
128
-
219
-
Employer
344
-
550
-
total
-
-
-
-
Corporate
206
550
-
-
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%.

10
28
-
-
total
10
28
-
-
Dividends
196
522
-
-
health
14
36
-
-
social contributions
27
72
-
-
withholding
29
78
-
-
total
70
186
-
-
Income
550
550
550
550
Total tax
208
214
219
196
After tax
342
336
331
354
Living cost
215
215
215
215
Free-cash
127
121
116
139

Estimated living cost  is €215 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
-€43
-€115
-€50
-€140
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
-
-
-
550
chamber of commerce
-
-
-
2
income
-
-
-
33
pensions
-
-
-
102
unemployment
-
-
-
62
health
-
-
-
42
surtax
-
-
-
2
total
-
-
-
243
Employee
506
404
426
-
other
5
4
4
-
health
20
16
16
-
income
58
30
34
-
pensions
52
41
44
-
unemployment
15
12
13
-
total
150
103
111
-
Employer
506
404
426
-
accident
7
5
6
-
other
24
19
20
-
chamber of commerce
2
2
2
-
unemployment
15
12
13
-
surtax
2
2
2
-
pensions
64
51
53
-
payroll
15
12
13
-
health
19
15
16
-
total
148
118
125
-
Corporate
38
38
387
-
income

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

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

10
10
97
-
total
10
10
97
-
Dividends
-
18
-
-
withholding
-
5
-
-
total
-
5
-
-
Income
550
550
550
550
Total tax
308
236
333
243
After tax
242
314
217
307
Living cost
357
357
357
357
Free-cash
-115
-43
-140
-50

Estimated living cost  is €357 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
-€60
-€386
-€68
-€132
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
-
-
-
550
national
-
-
-
159
communal

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

-
-
-
29
social contributions
-
-
-
61
total
-
-
-
249
Employee

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

725
-
426
-
communal

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

38
-
22
-
health

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

34
-
20
-
pensions

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

54
-
32
-
unemployment

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

6
-
4
-
national
223
-
110
-
total
355
-
188
-
Employer

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

725
-
426
-
accident

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

9
-
6
-
unemployment

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

11
-
6
-
surtax
82
-
48
-
pensions

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

64
-
38
-
health

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

45
-
26
-
total
211
-
124
-
Corporate
-
550
-
-
surtax
-
2
-
-
income
-
110
-
-
total
-
112
-
-
Dividends
-
438
-
-
withholding

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

-
128
-
-
total
-
128
-
-
Income
550
550
550
550
Total tax
566
240
312
249
After tax
-16
310
238
301
Living cost
370
370
370
370
Free-cash
-386
-60
-132
-68

Estimated living cost  is €370 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
€6
-€115
-€62
-€56
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
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
504
-
417
-
other
-
-
-
-
income
106
-
82
-
pensions
24
-
20
-
unemployment
8
-
6
-
total
138
-
108
-
Employer
504
-
417
-
accident
10
-
8
-
other
4
-
3
-
unemployment
28
-
23
-
pensions
119
-
98
-
total
161
-
132
-
Corporate
-
550
-
-
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.

-
82
-
-
total
-
82
-
-
Dividends
-
468
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
299
178
240
246
After tax
251
372
310
304
Living cost
366
366
366
366
Free-cash
-115
6
-56
-62

Estimated living cost  is €366 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-€205
-€308
-€185
-€173
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
-
-
-
550
accident
-
-
-
5
income
-
-
-
21
pensions
-
-
-
88
health
-
-
-
41
surtax
-
-
-
29
communal
-
-
-
-
total
-
-
-
184
Employee
767
-
491
-
health
34
-
22
-
surtax
47
-
30
-
income
74
-
23
-
pensions
61
-
39
-
total
216
-
114
-
Employer
767
-
491
-
accident
7
-
4
-
pensions
61
-
39
-
health
23
-
15
-
total
91
-
58
-
Corporate
-
550
-
-
surtax
-
6
-
-
communal
-
37
-
-
income
-
82
-
-
total
-
125
-
-
Dividends
-
425
-
-
income
-
15
-
-
withholding
-
64
-
-
total
-
79
-
-
Income
550
550
550
550
Total tax
307
204
172
184
After tax
243
346
378
366
Living cost
551
551
551
551
Free-cash
-308
-205
-173
-185

Estimated living cost  is €551 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
€118
€84
€86
€73
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
-
-
-
550
income
-
-
-
81
pensions
-
-
-
110
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
39
surtax
-
-
-
4
total
-
-
-
236
Employee
341
-
454
-
other
-
-
-
-
health
9
-
12
-
surtax
1
-
3
-
income
57
-
76
-
pensions
23
-
30
-
unemployment
24
-
32
-
total
114
-
153
-
Employer
341
-
454
-
other
-
-
-
-
unemployment
11
-
14
-
pensions
46
-
61
-
health
16
-
21
-
total
73
-
96
-
Corporate
137
550
-
-
income
36
143
-
-
total
36
143
-
-
Dividends
101
407
-
-
withholding
15
61
-
-
total
15
61
-
-
Income
550
550
550
550
Total tax
238
204
249
236
After tax
312
346
301
314
Living cost
228
228
228
228
Free-cash
84
118
73
86

Estimated living cost  is €228 per week

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

Source of data for Athens model

Close
Naples , Italy
€16
-€13
€26
-€5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
municipal
-
-
-
3
regional
-
-
-
8
national
-
-
-
99
social contributions
-
-
-
141
total
-
-
-
251
Employee
562
-
550
-
social contributions
190
-
185
-
regional
8
-
7
-
municipal
3
-
3
-
national
89
-
87
-
total
290
-
282
-
Employer
562
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
391
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
290
261
282
251
After tax
260
289
268
299
Living cost
273
273
273
273
Free-cash
-13
16
-5
26

Estimated living cost  is €273 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
€79
-€40
-€31
-€20
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
-
-
-
550
income
-
-
-
47
health
-
-
-
74
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
total
-
-
-
282
Employee
440
-
410
-
social contributions
29
-
27
-
health
59
-
55
-
solidarity contribution
-
-
-
-
income
53
-
49
-
total
141
-
131
-
Employer
440
-
410
-
social contributions
110
-
103
-
health
40
-
37
-
total
150
-
140
-
Corporate
-
550
-
-
income
-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
291
172
271
282
After tax
259
378
279
268
Living cost
299
299
299
299
Free-cash
-40
79
-20
-31

Estimated living cost  is €299 per week

€222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-€8
-€29
-€14
-€107
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
-
-
-
550
chamber of commerce
-
-
-
2
income
-
-
-
33
pensions
-
-
-
102
unemployment
-
-
-
62
health
-
-
-
42
surtax
-
-
-
-
total
-
-
-
241
Employee
443
404
427
-
other
4
4
4
-
health
17
16
17
-
income
39
30
35
-
pensions
45
41
44
-
unemployment
13
12
13
-
total
118
103
113
-
Employer
443
404
427
-
accident
6
5
6
-
other
21
19
20
-
chamber of commerce
2
2
2
-
unemployment
13
12
13
-
surtax
-
-
-
-
pensions
56
51
54
-
payroll
13
12
13
-
health
17
15
16
-
total
128
116
124
-
Corporate
38
38
389
-
income

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

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

10
10
97
-
total
10
10
97
-
Dividends
-
20
-
-
withholding
-
6
-
-
total
-
6
-
-
Income
550
550
550
550
Total tax
256
235
334
241
After tax
294
315
216
309
Living cost
323
323
323
323
Free-cash
-29
-8
-107
-14

Estimated living cost  is €323 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
€380
€353
€402
€298
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%.

-
-
-
550
microenterprise

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

-
-
-
6
total
-
-
-
6
Employee
178
-
550
-
income
36
-
110
-
total
36
-
110
-
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%.

372
550
-
-
total
-
-
-
-
Dividends
372
550
-
-
withholding
19
28
-
-
total
19
28
-
-
Income
550
550
550
550
Total tax
55
28
110
6
After tax
495
522
440
544
Living cost
142
142
142
142
Free-cash
353
380
298
402

Estimated living cost  is €142 per week

€96
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€107
€22
€33
€15
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.

-
-
-
550
income
-
-
-
90
pensions
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
total
-
-
-
245
Employee

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

448
-
476
-
health
29
-
31
-
income
77
-
83
-
pensions
69
-
74
-
unemployment
1
-
1
-
total
176
-
189
-
Employer

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

448
-
476
-
unemployment
-
-
-
-
pensions
40
-
42
-
health
30
-
32
-
total
70
-
74
-
Corporate
32
550
-
-
income
6
104
-
-
total
6
104
-
-
Dividends
26
446
-
-
withholding
4
67
-
-
total
4
67
-
-
Income
550
550
550
550
Total tax
256
171
263
245
After tax
294
379
287
305
Living cost
272
272
272
272
Free-cash
22
107
15
33

Estimated living cost  is €272 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
-€103
-€962
-€58
-€21
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
107
social contributions
-
-
-
63
total
-
-
-
170
Employee
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
income
-
94
-
-
total
-
94
-
-
Income
550
550
550
550
Total tax
1 074
215
133
170
After tax
-524
335
417
380
Living cost
438
438
438
438
Free-cash
-962
-103
-21
-58

Estimated living cost  is €438 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-€6
-€27
€1
-€13
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.

-
-
-
550
income
-
-
-
40
surtax
-
-
-
-
social contributions

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

-
-
-
191
total
-
-
-
231
Employee
466
-
444
-
social contributions
51
-
49
-
surtax
-
-
-
-
income
97
-
90
-
total
148
-
139
-
Employer
466
-
444
-
social contributions
111
-
106
-
total
111
-
106
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
116
-
-
total
-
116
-
-
Dividends
-
434
-
-
withholding
-
122
-
-
total
-
122
-
-
Income
550
550
550
550
Total tax
259
238
245
231
After tax
291
312
305
319
Living cost
318
318
318
318
Free-cash
-27
-6
-13
1

Estimated living cost  is €318 per week

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

Source of data for Lisbon model

Close
Paris , France
-€212
-€282
-€159
-€152
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
-
-
-
550
income
-
-
-
23
pensions
-
-
-
159
other
-
-
-
17
health
-
-
-
5
surtax
-
-
-
-
social contributions
-
-
-
16
total
-
-
-
220
Employee
635
-
419
-
social contributions
18
-
12
-
surtax
-
-
-
-
income
55
-
24
-
pensions
72
-
47
-
total
145
-
83
-
Employer
635
-
419
-
other
22
-
14
-
social contributions
2
-
1
-
unemployment
26
-
17
-
pensions
104
-
69
-
health
44
-
29
-
total
198
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
withholding
-
51
-
-
total
-
119
-
-
Income
550
550
550
550
Total tax
343
273
213
220
After tax
207
277
337
330
Living cost
489
489
489
489
Free-cash
-282
-212
-152
-159

Estimated living cost  is €489 per week

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

Source of data for Paris model

Close
Andorra , Andorra
€190
€157
€124
€140
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
-
-
-
550
income
-
-
-
-
social contributions
-
-
-
121
total
-
-
-
121
Employee
326
-
476
-
income
-
-
-
-
social contributions
21
-
31
-
total
21
-
31
-
Employer
326
-
476
-
social contributions
50
-
74
-
total
50
-
74
-
Corporate
174
550
-
-
income
17
55
-
-
total
17
55
-
-
Dividends
156
495
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
88
55
105
121
After tax
462
495
445
429
Living cost
305
305
305
305
Free-cash
157
190
140
124

Estimated living cost  is €305 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-€1660
-€1660
-€129
-€1660
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
-
-
-
550
municipal
-
-
-
88
pensions
-
-
-
9
national
-
-
-
51
labour market
-
-
-
43
total
-
-
-
191
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
1 722
1 722
1 722
191
After tax
-1 172
-1 172
-1 172
359
Living cost
488
488
488
488
Free-cash
-1 660
-1 660
-1 660
-129

Estimated living cost  is €488 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-€173
€11
€162
€73
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
-
-
-
550
accident
-
-
-
3
income
-
-
-
99
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
170
Employee
343
-
457
-
health
39
-
52
-
income
47
-
63
-
pensions
39
-
51
-
total
125
-
166
-
Employer
343
-
457
-
accident
6
-
8
-
unemployment
8
-
11
-
pensions
56
-
74
-
total
70
-
93
-
Corporate
137
550
-
-
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.

123
495
-
-
total
123
495
-
-
Dividends
14
55
-
-
withholding
3
10
-
-
total
3
10
-
-
Income
550
550
550
550
Total tax
321
505
259
170
After tax
229
45
291
380
Living cost
218
218
218
218
Free-cash
11
-173
73
162

Estimated living cost  is €218 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-€8
-€83
€42
-€48
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

-
-
-
550
municipal
-
-
-
98
health
-
-
-
4
national
-
-
-
17
total
-
-
-
119
Employee
533
-
463
-
health
4
-
3
-
municipal
87
-
76
-
pensions
36
-
31
-
unemployment
8
-
7
-
national
9
-
5
-
total
144
-
122
-
Employer
533
-
463
-
accident
1
-
-
-
unemployment
3
-
3
-
pensions
92
-
80
-
health
4
-
4
-
total
100
-
87
-
Corporate
-
550
-
-
income
-
110
-
-
total
-
110
-
-
Dividends

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

-
330
-
-
national
-
-
-
-
municipal
-
59
-
-
total
-
59
-
-
Income
550
550
550
550
Total tax
244
169
209
119
After tax
306
381
341
431
Living cost
389
389
389
389
Free-cash
-83
-8
-48
42

Estimated living cost  is €389 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
€86
€115
€200
€135
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
-
-
-
550
income
-
-
-
15
health
-
-
-
14
social contributions
-
-
-
86
total
-
-
-
115
Employee
779
779
779
-
social contributions
29
65
41
-
health
6
13
8
-
income
85
72
81
-
total
120
150
130
-
Employer
779
779
779
-
social contributions
29
65
41
-
health
7
14
9
-
total
36
79
50
-
Corporate
159
-
-
-
income
20
-
-
-
total
20
-
-
-
Dividends
139
-
-
-
withholding
24
-
-
-
total
24
-
-
-
Income
550
550
550
550
Total tax
200
229
180
115
After tax
350
321
370
435
Living cost
235
235
235
235
Free-cash
115
86
135
200

Estimated living cost  is €235 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
€294
€243
€242
€182
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
-
-
-
550
income
-
-
-
46
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
147
Employee

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

233
-
499
-
health
20
-
42
-
income
16
-
38
-
pensions
35
-
75
-
unemployment
1
-
2
-
total
72
-
157
-
Employer

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

233
-
499
-
unemployment
1
-
2
-
pensions
13
-
27
-
health
10
-
21
-
total
24
-
50
-
Corporate
293
550
-
-
income
26
50
-
-
total
26
50
-
-
Dividends
267
500
-
-
withholding
24
45
-
-
total
24
45
-
-
Income
550
550
550
550
Total tax
146
95
207
147
After tax
404
455
343
403
Living cost
161
161
161
161
Free-cash
243
294
182
242

Estimated living cost  is €161 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
€93
€39
€25
€31
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
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
375
-
417
-
other
-
-
-
-
income
72
-
82
-
pensions
18
-
20
-
unemployment
6
-
6
-
total
96
-
108
-
Employer
375
-
417
-
accident
7
-
8
-
other
3
-
3
-
unemployment
21
-
23
-
pensions
88
-
98
-
total
119
-
132
-
Corporate
56
550
-
-
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.

8
82
-
-
total
8
82
-
-
Dividends
47
468
-
-
withholding
9
96
-
-
total
9
96
-
-
Income
550
550
550
550
Total tax
232
178
240
246
After tax
318
372
310
304
Living cost
279
279
279
279
Free-cash
39
93
31
25

Estimated living cost  is €279 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
€315
€310
€313
€311
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
-
-
-
550
income
-
-
-
174
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
209
Employee
42
-
527
-
health
2
-
5
-
income
8
-
173
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
188
-
Employer
42
-
527
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
498
550
-
-
income
110
121
-
-
total
110
121
-
-
Dividends
389
429
-
-
withholding
78
86
-
-
total
78
86
-
-
Income
550
550
550
550
Total tax
212
207
211
209
After tax
338
343
339
341
Living cost
28
28
28
28
Free-cash
310
315
311
313

Estimated living cost  is €28 per week

€16
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€8
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€223
€172
€98
€123
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.

-
-
-
550
income
-
-
-
69
pensions
-
-
-
143
unemployment
-
-
-
8
health
-
-
-
57
total
-
-
-
277
Employee

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

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

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

264
-
466
-
health
14
-
24
-
income
36
-
77
-
pensions
37
-
65
-
unemployment
2
-
3
-
total
89
-
169
-
Employer

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

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

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

264
-
466
-
unemployment
2
-
3
-
pensions
32
-
56
-
health
14
-
24
-
total
48
-
83
-
Corporate
238
550
-
-
income
36
82
-
-
total
36
82
-
-
Dividends
203
468
-
-
withholding
30
70
-
-
total
30
70
-
-
Income
550
550
550
550
Total tax
203
152
252
277
After tax
347
398
298
273
Living cost
175
175
175
175
Free-cash
172
223
123
98

Estimated living cost  is €175 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
€39
€37
€46
€32
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.

-
-
-
550
income
-
-
-
40
surtax
-
-
-
-
social contributions

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

-
-
-
191
total
-
-
-
231
Employee
393
-
444
-
social contributions
43
-
49
-
surtax
-
-
-
-
income
77
-
90
-
total
120
-
139
-
Employer
393
-
444
-
social contributions
93
-
106
-
total
93
-
106
-
Corporate
63
550
-
-
surtax
-
-
-
-
income
13
116
-
-
total
13
116
-
-
Dividends
50
434
-
-
withholding
14
122
-
-
total
14
122
-
-
Income
550
550
550
550
Total tax
240
238
245
231
After tax
310
312
305
319
Living cost
273
273
273
273
Free-cash
37
39
32
46

Estimated living cost  is €273 per week

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

Source of data for Porto model

Close
Madrid , Spain
€16
-€96
-€52
-€46
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
-
-
-
550
accident
-
-
-
5
income
-
-
-
80
pensions
-
-
-
156
other
-
-
-
1
unemployment
-
-
-
4
total
-
-
-
246
Employee
489
-
417
-
other
-
-
-
-
income
102
-
82
-
pensions
23
-
20
-
unemployment
8
-
6
-
total
133
-
108
-
Employer
489
-
417
-
accident
10
-
8
-
other
4
-
3
-
unemployment
27
-
23
-
pensions
116
-
98
-
total
157
-
132
-
Corporate
-
550
-
-
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.

-
82
-
-
total
-
82
-
-
Dividends
-
468
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
290
178
240
246
After tax
260
372
310
304
Living cost
356
356
356
356
Free-cash
-96
16
-46
-52

Estimated living cost  is €356 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
€296
€235
€200
€208
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
-
-
-
550
income
-
-
-
82
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
176
Employee
231
-
481
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
48
-
pensions

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

20
-
31
-
total
57
-
99
-
Employer
231
-
481
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
total
45
-
69
-
Corporate
274
550
-
-
income
27
55
-
-
total
27
55
-
-
Dividends
246
495
-
-
withholding
12
25
-
-
total
12
25
-
-
Income
550
550
550
550
Total tax
141
80
168
176
After tax
409
470
382
374
Living cost
174
174
174
174
Free-cash
235
296
208
200

Estimated living cost  is €174 per week

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

Source of data for Sofia model

Close
Berlin , Germany
-€106
€27
€22
€33
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.

-
-
-
550
trade
-
-
-
11
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.

-
-
-
54
health

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

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

-
-
-
69
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
total
-
-
-
137
Employee

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

504
-
550
-
health

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

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

69
-
69
-
surtax

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

2
-
3
-
income

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

41
-
54
-
total
112
-
126
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46
550
-
-
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.

-
5
-
-
income
7
82
-
-
trade
7
79
-
-
chamber of commerce
2
2
-
-
total
16
168
-
-
Dividends
30
382
-
-
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.

-
5
-
-
withholding
4
92
-
-
total
4
97
-
-
Income
550
550
550
550
Total tax
132
265
126
137
After tax
418
285
424
413
Living cost
391
391
391
391
Free-cash
27
-106
33
22

Estimated living cost  is €391 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
-€192
-€243
-€144
-€144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
78
social contributions
-
-
-
39
total
-
-
-
117
Employee
793
-
550
-
income
150
-
78
-
social contributions
66
-
39
-
total
216
-
117
-
Employer
793
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
income
-
69
-
-
total
-
69
-
-
Dividends
-
481
-
-
withholding
-
96
-
-
total
-
96
-
-
Income
550
550
550
550
Total tax
216
165
117
117
After tax
334
385
433
433
Living cost
577
577
577
577
Free-cash
-243
-192
-144
-144

Estimated living cost  is €577 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
-€64
-€5
-€174
€28
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.

-
-
-
550
income
-
-
-
288
health

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

-
-
-
68
total
-
-
-
356
Employee
465
-
503
-
income
50
-
60
-
social contributions
47
-
47
-
total
97
-
107
-
Employer
465
-
503
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
39
550
-
-
income
13
192
-
-
total
13
192
-
-
Dividends
25
358
-
-
social contributions
30
54
-
-
total
30
54
-
-
Income
550
550
550
550
Total tax
187
246
154
356
After tax
363
304
396
194
Living cost
368
368
368
368
Free-cash
-5
-64
28
-174

Estimated living cost  is €368 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
€35
-€31
€36
-€18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
103
pensions
-
-
-
33
total
-
-
-
136
Employee
518
-
492
-
health
7
-
6
-
income
94
-
90
-
pensions
40
-
36
-
total
141
-
132
-
Employer
518
-
492
-
pensions
52
-
49
-
health
10
-
9
-
total
62
-
58
-
Corporate
-
550
-
-
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.

-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
203
137
190
136
After tax
347
413
360
414
Living cost
378
378
378
378
Free-cash
-31
35
-18
36

Estimated living cost  is €378 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€195
€8
€140
€51
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
-
-
-
550
accident
-
-
-
3
income
-
-
-
99
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
170
Employee
377
-
457
-
health
43
-
52
-
income
52
-
63
-
pensions
43
-
51
-
total
138
-
166
-
Employer
377
-
457
-
accident
6
-
8
-
unemployment
9
-
11
-
pensions
61
-
74
-
total
76
-
93
-
Corporate
96
550
-
-
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.

86
495
-
-
total
86
495
-
-
Dividends
10
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
302
505
259
170
After tax
248
45
291
380
Living cost
240
240
240
240
Free-cash
8
-195
51
140

Estimated living cost  is €240 per week

€176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€331
€281
€189
€189
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.

-
-
-
550
work injury
-
-
-
3
health insurance
-
-
-
41
income
-
-
-
72
pensions
-
-
-
101
unemployment
-
-
-
7
total
-
-
-
224
Employee

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

219
-
550
-
work injury
1
-
3
-
income
22
-
72
-
pensions
40
-
101
-
health insurance
16
-
41
-
unemployment
3
-
7
-
total
82
-
224
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
331
550
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
331
550
-
-
withholding
50
82
-
-
total
50
82
-
-
Income
550
550
550
550
Total tax
132
82
224
224
After tax
418
468
326
326
Living cost
137
137
137
137
Free-cash
281
331
189
189

Estimated living cost  is €137 per week

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

Source of data for Skopje model

Close
Rome , Italy
-€115
-€304
-€106
-€136
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
-
-
-
550
municipal
-
-
-
4
regional
-
-
-
8
national
-
-
-
99
social contributions
-
-
-
141
total
-
-
-
252
Employee
854
-
550
-
social contributions
288
-
185
-
regional
13
-
7
-
municipal
5
-
3
-
national
144
-
87
-
total
450
-
282
-
Employer
854
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
nationa
-
132
-
-
municipal
-
27
-
-
total
-
159
-
-
Dividends
-
391
-
-
withholding
-
102
-
-
total
-
102
-
-
Income
550
550
550
550
Total tax
450
261
282
252
After tax
100
289
268
298
Living cost
404
404
404
404
Free-cash
-304
-115
-136
-106

Estimated living cost  is €404 per week

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