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
€117
-€28
€105
€85
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
3
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
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
-
-
chamber of commerce
2
2
-
-
trade
26
87
-
-
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
-
-
total
53
176
-
-
Dividends
109
374
-
-
withholding
23
90
-
-
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
-
-
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
-€187
-€197
-€192
-€363
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
-
-
-
51
social contributions
-
-
-
6
national
-
-
-
79
pensions
-
-
-
66
total
-
-
-
202
Employee
838
-
475
-
pensions
34
-
19
-
national
160
-
82
-
municipal
103
-
53
-
total
297
-
154
-
Employer
838
-
475
-
pensions
67
-
38
-
social contributions
9
-
5
-
total
76
-
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
373
207
197
202
After tax
177
343
353
348
Living cost
540
540
540
540
Free-cash
-363
-197
-187
-192

Estimated living cost  is €540 per week

€367
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.
€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.
€115
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
€104
€229
€225
€145
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
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
income
-
-
-
-
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
-
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.

71
-
107
-
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
-€457
-€400
-€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
-
pensions
156
119
156
-
income

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

142
142
142
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
health
60
60
60
-
pensions
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
-€116
-€109
-€134
-€216
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
other
-
-
-
64
unemployment
-
-
-
1
national
-
-
-
-
pensions
-
-
-
59
accident
-
-
-
1
health
-
-
-
34
total
-
-
-
275
Employee
583
-
419
-
national
-
-
-
-
municipal
174
-
125
-
total
174
-
125
-
Employer
583
-
419
-
unemployment
15
-
11
-
accident
1
-
1
-
health
36
-
26
-
pensions
63
-
45
-
other
68
-
49
-
total
183
-
132
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
withholding
-
129
-
-
total
-
129
-
-
Income
550
550
550
550
Total tax
357
250
257
275
After tax
193
300
293
275
Living cost
409
409
409
409
Free-cash
-216
-109
-116
-134

Estimated living cost  is €409 per week

€271
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.
€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.
€92
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
€26
-€121
€13
€22
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
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
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
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
-
-
chamber of commerce
2
2
-
-
trade
6
90
-
-
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
-
-
total
13
179
-
-
Dividends
23
370
-
-
withholding
2
89
-
-
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
-
-
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
€41
-€8
€106
€34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
social contributions
-
-
-
86
income
-
-
-
15
health
-
-
-
14
total
-
-
-
115
Employee
779
779
779
-
health
8
13
8
-
social contributions
38
65
41
-
income
82
72
81
-
total
128
150
130
-
Employer
779
779
779
-
health
8
14
9
-
social contributions
38
65
41
-
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
€138
€131
€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
unemployment
-
-
-
8
income
-
-
-
67
pensions
-
-
-
55
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.

262
104
460
-
health
18
7
32
-
pensions
26
10
46
-
unemployment
4
2
7
-
income
32
13
56
-
total
80
32
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.

262
104
460
-
pensions
51
20
90
-
total
51
20
90
-
Corporate
237
425
-
-
income
21
38
-
-
total
21
38
-
-
Dividends
216
387
-
-
withholding
41
74
-
-
social contributions
41
74
-
-
total
82
148
-
-
Income
550
550
550
550
Total tax
234
238
231
169
After tax
316
312
319
381
Living cost
181
181
181
181
Free-cash
135
131
138
200

Estimated living cost  is €181 per week

€124
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.
€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 Budapest model

Close
Tallinn , Estonia
€83
€195
€62
€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
income
-
-
-
61
pensions
-
-
-
110
health
-
-
-
72
total
-
-
-
243
Employee
287
-
411
-
unemployment
5
-
7
-
pensions
6
-
8
-
income
32
-
69
-
total
43
-
84
-
Employer
287
-
411
-
unemployment
2
-
3
-
health
37
-
53
-
pensions
58
-
82
-
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
€65
-€181
€154
€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
other
-
-
-
4
income
-
-
-
98
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
170
Employee
356
-
457
-
health
41
-
52
-
pensions
40
-
51
-
income
49
-
63
-
total
130
-
166
-
Employer
356
-
457
-
unemployment
9
-
11
-
accident
6
-
8
-
pensions
58
-
74
-
total
73
-
93
-
Corporate
121
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.

109
495
-
-
total
109
495
-
-
Dividends
12
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
314
505
259
170
After tax
236
45
291
380
Living cost
226
226
226
226
Free-cash
10
-181
65
154

Estimated living cost  is €226 per week

€166
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.
€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 Gdansk model

Close
Batumi , Georgia
€358
€440
€462
€425
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
103
-
550
-
income
21
-
110
-
total
21
-
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%.

447
550
-
-
total
-
-
-
-
Dividends
447
550
-
-
withholding
22
28
-
-
total
22
28
-
-
Income
550
550
550
550
Total tax
43
28
110
6
After tax
507
522
440
544
Living cost
82
82
82
82
Free-cash
425
440
358
462

Estimated living cost  is €82 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
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
€52
€134
€28
€65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
other
-
-
-
26
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
health
-
-
-
24
total
-
-
-
252
Employee
368
-
439
-
health
5
-
6
-
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
-
income
63
-
76
-
total
98
-
117
-
Employer
368
-
439
-
unemployment
4
-
4
-
accident
3
-
4
-
health
5
-
6
-
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
-
other
18
-
22
-
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
-€322
-€270
-€267
-€547
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
103
pensions
-
-
-
32
total
-
-
-
135
Employee
965
-
492
-
health
16
-
6
-
pensions
93
-
36
-
income
174
-
90
-
total
283
-
132
-
Employer
965
-
492
-
health
18
-
9
-
pensions
114
-
49
-
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.

-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
415
138
190
135
After tax
135
412
360
415
Living cost
682
682
682
682
Free-cash
-547
-270
-322
-267

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€249
€337
€240
€291
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
unemployment
-
-
-
1
income
-
-
-
83
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
177
Employee
176
-
481
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
48
-
total
43
-
99
-
Employer
176
-
481
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
pensions

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

19
-
39
-
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
177
After tax
424
470
382
373
Living cost
133
133
133
133
Free-cash
291
337
249
240

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
-€594
-€537
-€247
-€554
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
-
pensions
119
119
156
-
income

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

142
142
142
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
health
65
60
60
-
pensions
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
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
€31
€131
€20
€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
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
income
-
-
-
47
health
-
-
-
74
total
-
-
-
282
Employee
364
-
410
-
health
49
-
55
-
social contributions
24
-
27
-
solidarity contribution
-
-
-
-
income
44
-
49
-
total
117
-
131
-
Employer
364
-
410
-
health
33
-
37
-
social contributions
91
-
103
-
total
124
-
140
-
Corporate
62
550
-
-
income
12
104
-
-
total
12
104
-
-
Dividends
50
446
-
-
withholding
8
67
-
-
total
8
67
-
-
Income
550
550
550
550
Total tax
261
171
271
282
After tax
289
379
279
268
Living cost
248
248
248
248
Free-cash
41
131
31
20

Estimated living cost  is €248 per week

€172
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.
€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 Brno model

Close
Milan , Italy
-€158
-€134
-€126
-€351
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
social contributions
-
-
-
141
national
-
-
-
99
regional
-
-
-
5
total
-
-
-
248
Employee
901
-
550
-
social contributions
304
-
185
-
national
156
-
87
-
regional
8
-
5
-
municipal
5
-
3
-
total
473
-
280
-
Employer
901
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
municipal
-
21
-
-
nationa
-
132
-
-
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
€77
€122
€90
€90
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
surtax
-
-
-
4
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
81
pensions
-
-
-
110
health
-
-
-
39
total
-
-
-
236
Employee
335
-
454
-
health
9
-
12
-
pensions
22
-
30
-
unemployment
23
-
32
-
surtax
1
-
3
-
other
-
-
-
-
income
56
-
76
-
total
111
-
153
-
Employer
335
-
454
-
unemployment
11
-
14
-
health
15
-
21
-
pensions
45
-
61
-
other
-
-
-
-
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
-€106
-€54
-€51
-€179
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
-
-
-
32
total
-
-
-
135
Employee
647
-
492
-
health
9
-
6
-
pensions
55
-
36
-
income
117
-
90
-
total
181
-
132
-
Employer
647
-
492
-
health
12
-
9
-
pensions
70
-
49
-
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.

-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
263
138
190
135
After tax
287
412
360
415
Living cost
466
466
466
466
Free-cash
-179
-54
-106
-51

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€362
-€549
-€334
-€477
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
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
national
-
-
-
1
pensions
-
-
-
51
regional
-
-
-
11
health
-
-
-
3
total
-
-
-
83
Employee
938
-
492
-
health
2
-
1
-
pensions
79
-
42
-
unemployment
-
-
-
-
city
10
-
5
-
national
4
-
1
-
regional
31
-
9
-
total
126
-
58
-
Employer
938
-
492
-
unemployment
-
-
-
-
health
2
-
1
-
pensions
79
-
42
-
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.

19
-
10
-
total
100
-
53
-
Corporate
-
550
-
-
regional
-
116
-
-
national
-
47
-
-
total
-
163
-
-
Dividends
-
387
-
-
withholding
-
135
-
-
total
-
135
-
-
Income
550
550
550
550
Total tax
226
298
111
83
After tax
324
252
439
467
Living cost
801
801
801
801
Free-cash
-477
-549
-362
-334

Estimated living cost  is €801 per week

€521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€199
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
-€40
-€190
-€54
-€59
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
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.

-
-
-
3
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
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
-
-
chamber of commerce
-
2
-
-
trade
-
94
-
-
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
-
-
total
-
183
-
-
Dividends
-
366
-
-
withholding
-
88
-
-
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
-
-
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
-€10
-€70
-€17
-€19
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
surtax
-
-
-
-
other
-
-
-
17
social contributions
-
-
-
16
income
-
-
-
23
pensions
-
-
-
159
health
-
-
-
5
total
-
-
-
220
Employee
434
-
419
-
social contributions
12
-
12
-
pensions
49
-
47
-
surtax
-
-
-
-
income
26
-
24
-
total
87
-
83
-
Employer
434
-
419
-
unemployment
18
-
17
-
health
30
-
29
-
pensions
71
-
69
-
other
15
-
14
-
social contributions
1
-
1
-
total
135
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
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
€25
-€35
€18
€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
surtax
-
-
-
-
other
-
-
-
17
social contributions
-
-
-
16
income
-
-
-
23
pensions
-
-
-
159
health
-
-
-
5
total
-
-
-
220
Employee
387
-
419
-
social contributions
11
-
12
-
pensions
44
-
47
-
surtax
-
-
-
-
income
20
-
24
-
total
75
-
83
-
Employer
387
-
419
-
unemployment
16
-
17
-
health
27
-
29
-
pensions
64
-
69
-
other
13
-
14
-
social contributions
1
-
1
-
total
121
-
130
-
Corporate
42
550
-
-
surtax
-
-
-
-
income
12
154
-
-
total
12
154
-
-
Dividends
30
396
-
-
withholding
4
51
-
-
surtax
-
-
-
-
social contributions
5
68
-
-
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
€116
€121
€139
€127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
social contributions
-
-
-
76
income
-
-
-
82
health
-
-
-
38
total
-
-
-
196
Employee
344
-
550
-
health
24
-
38
-
social contributions
47
-
76
-
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
-
-
withholding
29
78
-
-
health
14
36
-
-
social contributions
27
72
-
-
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
-€140
-€43
-€50
-€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
surtax
-
-
-
2
chamber of commerce
-
-
-
2
unemployment
-
-
-
62
income
-
-
-
33
pensions
-
-
-
102
health
-
-
-
42
total
-
-
-
243
Employee
506
404
426
-
health
20
16
16
-
pensions
52
41
44
-
unemployment
15
12
13
-
other
5
4
4
-
income
58
30
34
-
total
150
103
111
-
Employer
506
404
426
-
unemployment
15
12
13
-
payroll
15
12
13
-
accident
7
5
6
-
health
19
15
16
-
pensions
64
51
53
-
other
24
19
20
-
surtax
2
2
2
-
chamber of commerce
2
2
2
-
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
-€132
-€60
-€68
-€386
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
social contributions
-
-
-
61
communal

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

-
-
-
29
national
-
-
-
159
total
-
-
-
249
Employee

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

725
-
426
-
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
-
communal

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

38
-
22
-
total
355
-
188
-
Employer

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

725
-
426
-
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
-
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
-
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
-
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
-
surtax
82
-
48
-
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
-€56
€6
-€62
-€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
other
-
-
-
1
unemployment
-
-
-
4
income
-
-
-
80
pensions
-
-
-
156
accident
-
-
-
5
total
-
-
-
246
Employee
504
-
417
-
pensions
24
-
20
-
unemployment
8
-
6
-
other
-
-
-
-
income
106
-
82
-
total
138
-
108
-
Employer
504
-
417
-
unemployment
28
-
23
-
accident
10
-
8
-
pensions
119
-
98
-
other
4
-
3
-
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
-€173
-€205
-€185
-€308
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
surtax
-
-
-
29
income
-
-
-
21
communal
-
-
-
-
pensions
-
-
-
88
accident
-
-
-
5
health
-
-
-
41
total
-
-
-
184
Employee
767
-
491
-
health
34
-
22
-
pensions
61
-
39
-
surtax
47
-
30
-
income
74
-
23
-
total
216
-
114
-
Employer
767
-
491
-
accident
7
-
4
-
health
23
-
15
-
pensions
61
-
39
-
total
91
-
58
-
Corporate
-
550
-
-
communal
-
37
-
-
surtax
-
6
-
-
income
-
82
-
-
total
-
125
-
-
Dividends
-
425
-
-
withholding
-
64
-
-
income
-
15
-
-
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
€73
€118
€86
€84
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
surtax
-
-
-
4
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
81
pensions
-
-
-
110
health
-
-
-
39
total
-
-
-
236
Employee
341
-
454
-
health
9
-
12
-
pensions
23
-
30
-
unemployment
24
-
32
-
surtax
1
-
3
-
other
-
-
-
-
income
57
-
76
-
total
114
-
153
-
Employer
341
-
454
-
unemployment
11
-
14
-
health
16
-
21
-
pensions
46
-
61
-
other
-
-
-
-
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
-€5
€16
€26
-€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
-
-
-
550
municipal
-
-
-
3
social contributions
-
-
-
141
national
-
-
-
99
regional
-
-
-
8
total
-
-
-
251
Employee
562
-
550
-
social contributions
190
-
185
-
national
89
-
87
-
regional
8
-
7
-
municipal
3
-
3
-
total
290
-
282
-
Employer
562
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
municipal
-
27
-
-
nationa
-
132
-
-
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
-€26
€74
-€37
-€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
solidarity contribution
-
-
-
-
social contributions
-
-
-
161
income
-
-
-
47
health
-
-
-
74
total
-
-
-
282
Employee
449
-
410
-
health
61
-
55
-
social contributions
29
-
27
-
solidarity contribution
-
-
-
-
income
54
-
49
-
total
144
-
131
-
Employer
449
-
410
-
health
40
-
37
-
social contributions
112
-
103
-
total
152
-
140
-
Corporate
-
550
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
446
-
-
withholding
-
67
-
-
total
-
67
-
-
Income
550
550
550
550
Total tax
296
171
271
282
After tax
254
379
279
268
Living cost
305
305
305
305
Free-cash
-51
74
-26
-37

Estimated living cost  is €305 per week

€227
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.
€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 Prague model

Close
Graz , Austria
-€107
-€8
-€14
-€29
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
surtax
-
-
-
-
chamber of commerce
-
-
-
2
unemployment
-
-
-
62
income
-
-
-
33
pensions
-
-
-
102
health
-
-
-
42
total
-
-
-
241
Employee
443
404
427
-
health
17
16
17
-
pensions
45
41
44
-
unemployment
13
12
13
-
other
4
4
4
-
income
39
30
35
-
total
118
103
113
-
Employer
443
404
427
-
unemployment
13
12
13
-
payroll
13
12
13
-
accident
6
5
6
-
health
17
15
16
-
pensions
56
51
54
-
other
21
19
20
-
surtax
-
-
-
-
chamber of commerce
2
2
2
-
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
€312
€394
€416
€370
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
160
-
550
-
income
32
-
110
-
total
32
-
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%.

390
550
-
-
total
-
-
-
-
Dividends
390
550
-
-
withholding
20
28
-
-
total
20
28
-
-
Income
550
550
550
550
Total tax
52
28
110
6
After tax
498
522
440
544
Living cost
128
128
128
128
Free-cash
370
394
312
416

Estimated living cost  is €128 per week

€87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
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
€15
€107
€33
€22
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
unemployment
-
-
-
1
income
-
-
-
90
pensions
-
-
-
100
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
-
pensions
69
-
74
-
unemployment
1
-
1
-
income
77
-
83
-
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
-
-
-
-
health
30
-
32
-
pensions
40
-
42
-
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
-€17
-€100
-€55
-€952
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
social contributions
-
-
-
63
income
-
-
-
107
total
-
-
-
170
Employee
623
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
623
-
-
-
social contributions
879
-
125
-
total
879
-
125
-
Corporate
-
550
-
-
income
-
121
-
-
total
-
121
-
-
Dividends
-
429
-
-
income
-
94
-
-
total
-
94
-
-
Income
550
550
550
550
Total tax
1 067
215
132
170
After tax
-517
335
418
380
Living cost
435
435
435
435
Free-cash
-952
-100
-17
-55

Estimated living cost  is €435 per week

€282
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.
€106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-€13
-€6
€1
-€27
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
surtax
-
-
-
-
social contributions

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

-
-
-
191
income
-
-
-
40
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
-€152
-€212
-€159
-€282
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
surtax
-
-
-
-
other
-
-
-
17
social contributions
-
-
-
16
income
-
-
-
23
pensions
-
-
-
159
health
-
-
-
5
total
-
-
-
220
Employee
635
-
419
-
social contributions
18
-
12
-
pensions
72
-
47
-
surtax
-
-
-
-
income
55
-
24
-
total
145
-
83
-
Employer
635
-
419
-
unemployment
26
-
17
-
health
44
-
29
-
pensions
104
-
69
-
other
22
-
14
-
social contributions
2
-
1
-
total
198
-
130
-
Corporate
-
550
-
-
surtax
-
-
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
396
-
-
withholding
-
51
-
-
surtax
-
-
-
-
social contributions
-
68
-
-
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
€140
€190
€124
€157
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
-
social contributions
21
-
31
-
income
-
-
-
-
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
-€1659
-€1659
-€129
-€1659
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
labour market
-
-
-
43
national
-
-
-
51
pensions
-
-
-
9
total
-
-
-
191
Employee
2 060
2 060
2 060
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
550
550
550
550
Total tax
1 721
1 721
1 721
191
After tax
-1 171
-1 171
-1 171
359
Living cost
488
488
488
488
Free-cash
-1 659
-1 659
-1 659
-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
€68
-€178
€157
€11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
other
-
-
-
4
income
-
-
-
98
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
170
Employee
351
-
457
-
health
40
-
52
-
pensions
39
-
51
-
income
48
-
63
-
total
127
-
166
-
Employer
351
-
457
-
unemployment
9
-
11
-
accident
6
-
8
-
pensions
57
-
74
-
total
72
-
93
-
Corporate
128
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.

115
495
-
-
total
115
495
-
-
Dividends
13
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
316
505
259
170
After tax
234
45
291
380
Living cost
223
223
223
223
Free-cash
11
-178
68
157

Estimated living cost  is €223 per week

€162
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.
€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.
€44
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
-€48
-€8
€42
-€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

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
national
-
-
-
17
health
-
-
-
4
total
-
-
-
119
Employee
533
-
463
-
health
4
-
3
-
pensions
36
-
31
-
unemployment
8
-
7
-
national
9
-
5
-
municipal
87
-
76
-
total
144
-
122
-
Employer
533
-
463
-
unemployment
3
-
3
-
accident
1
-
-
-
health
4
-
4
-
pensions
92
-
80
-
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
€135
€86
€200
€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
social contributions
-
-
-
86
income
-
-
-
15
health
-
-
-
14
total
-
-
-
115
Employee
779
779
779
-
health
6
13
8
-
social contributions
29
65
41
-
income
85
72
81
-
total
120
150
130
-
Employer
779
779
779
-
health
7
14
9
-
social contributions
29
65
41
-
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
€182
€294
€242
€243
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
unemployment
-
-
-
-
income
-
-
-
46
pensions
-
-
-
64
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
-
pensions
35
-
75
-
unemployment
1
-
2
-
income
16
-
38
-
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
-
health
10
-
21
-
pensions
13
-
27
-
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
€31
€93
€25
€39
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
other
-
-
-
1
unemployment
-
-
-
4
income
-
-
-
80
pensions
-
-
-
156
accident
-
-
-
5
total
-
-
-
246
Employee
375
-
417
-
pensions
18
-
20
-
unemployment
6
-
6
-
other
-
-
-
-
income
72
-
82
-
total
96
-
108
-
Employer
375
-
417
-
unemployment
21
-
23
-
accident
7
-
8
-
pensions
88
-
98
-
other
3
-
3
-
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
€322
€322
€324
€318
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
-
-
-
179
pensions
-
-
-
15
health
-
-
-
11
total
-
-
-
205
Employee
31
-
533
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
income
6
-
178
-
total
11
-
190
-
Employer
31
-
533
-
unemployment
1
-
2
-
health
3
-
7
-
pensions
3
-
8
-
total
7
-
17
-
Corporate
511
550
-
-
income
113
121
-
-
total
113
121
-
-
Dividends
399
429
-
-
withholding
80
86
-
-
total
80
86
-
-
Income
550
550
550
550
Total tax
211
207
207
205
After tax
339
343
343
345
Living cost
21
21
21
21
Free-cash
318
322
322
324

Estimated living cost  is €21 per week

€12
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.
€0
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.
€6
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
€123
€223
€98
€172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
8
income
-
-
-
69
pensions
-
-
-
143
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
-
pensions
37
-
65
-
unemployment
2
-
3
-
income
36
-
77
-
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
-
health
14
-
24
-
pensions
32
-
56
-
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
€32
€39
€46
€37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
surtax
-
-
-
-
social contributions

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

-
-
-
191
income
-
-
-
40
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
-€46
€16
-€52
-€96
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
other
-
-
-
1
unemployment
-
-
-
4
income
-
-
-
80
pensions
-
-
-
156
accident
-
-
-
5
total
-
-
-
246
Employee
489
-
417
-
pensions
23
-
20
-
unemployment
8
-
6
-
other
-
-
-
-
income
102
-
82
-
total
133
-
108
-
Employer
489
-
417
-
unemployment
27
-
23
-
accident
10
-
8
-
pensions
116
-
98
-
other
4
-
3
-
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
€208
€296
€199
€235
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
unemployment
-
-
-
1
income
-
-
-
83
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
177
Employee
231
-
481
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

20
-
31
-
income
23
-
48
-
total
57
-
99
-
Employer
231
-
481
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
pensions

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

25
-
39
-
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
177
After tax
409
470
382
373
Living cost
174
174
174
174
Free-cash
235
296
208
199

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
€33
-€106
€22
€27
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
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
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
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
-
-
chamber of commerce
2
2
-
-
trade
7
79
-
-
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
-
-
total
16
168
-
-
Dividends
30
382
-
-
withholding
4
92
-
-
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
-
-
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
-€144
-€192
-€144
-€243
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
-
social contributions
66
-
39
-
income
150
-
78
-
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
€28
-€64
-€168
-€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

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.

-
-
-
62
total
-
-
-
350
Employee
465
-
503
-
social contributions
47
-
47
-
income
50
-
60
-
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
350
After tax
363
304
396
200
Living cost
368
368
368
368
Free-cash
-5
-64
28
-168

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
-€19
€33
€36
-€34
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
550
income
-
-
-
103
pensions
-
-
-
32
total
-
-
-
135
Employee
520
-
492
-
health
7
-
6
-
pensions
40
-
36
-
income
95
-
90
-
total
142
-
132
-
Employer
520
-
492
-
health
10
-
9
-
pensions
53
-
49
-
total
63
-
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.

-
105
-
-
total
-
105
-
-
Dividends
-
445
-
-
withholding
-
33
-
-
total
-
33
-
-
Income
550
550
550
550
Total tax
205
138
190
135
After tax
345
412
360
415
Living cost
379
379
379
379
Free-cash
-34
33
-19
36

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€46
-€200
€135
€8
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
other
-
-
-
4
income
-
-
-
98
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
170
Employee
385
-
457
-
health
44
-
52
-
pensions
43
-
51
-
income
53
-
63
-
total
140
-
166
-
Employer
385
-
457
-
unemployment
9
-
11
-
accident
6
-
8
-
pensions
63
-
74
-
total
78
-
93
-
Corporate
86
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.

77
495
-
-
total
77
495
-
-
Dividends
9
55
-
-
withholding
2
10
-
-
total
2
10
-
-
Income
550
550
550
550
Total tax
297
505
259
170
After tax
253
45
291
380
Living cost
245
245
245
245
Free-cash
8
-200
46
135

Estimated living cost  is €245 per week

€180
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.
€46
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
€189
€331
€189
€281
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
unemployment
-
-
-
7
health insurance
-
-
-
41
income
-
-
-
72
pensions
-
-
-
101
work injury
-
-
-
3
total
-
-
-
224
Employee

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

219
-
550
-
pensions
40
-
101
-
unemployment
3
-
7
-
work injury
1
-
3
-
health insurance
16
-
41
-
income
22
-
72
-
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
-€136
-€115
-€106
-€304
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
social contributions
-
-
-
141
national
-
-
-
99
regional
-
-
-
8
total
-
-
-
252
Employee
854
-
550
-
social contributions
288
-
185
-
national
144
-
87
-
regional
13
-
7
-
municipal
5
-
3
-
total
450
-
282
-
Employer
854
-
550
-
total
-
-
-
-
Corporate
-
550
-
-
municipal
-
27
-
-
nationa
-
132
-
-
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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