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
€ 600
per

Your estimated
City
free-cash

Dresden , Germany
€151
-€1
€131
€109
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.

-
-
-
600
health

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

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

-
-
-
69
income

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

-
-
-
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
trade
-
-
-
20
total
-
-
-
162
Employee

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

388
-
600
-
surtax

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

1
-
4
-
income

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
-
69
-
health

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

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

69
-
69
-
total
81
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
212
600
-
-
chamber of commerce
2
2
-
-
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
5
-
-
trade
33
94
-
-
income
32
90
-
-
total
69
191
-
-
Dividends
143
408
-
-
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
5
-
-
withholding
32
98
-
-
total
34
103
-
-
Income
600
600
600
600
Total tax
184
294
142
162
After tax
416
306
458
438
Living cost
307
307
307
307
Free-cash
109
-1
151
131

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
-€155
-€162
-€159
-€306
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
-
-
-
600
social contributions
-
-
-
6
pensions
-
-
-
72
national
-
-
-
88
municipal
-
-
-
57
total
-
-
-
223
Employee
831
-
519
-
municipal
103
-
59
-
national
159
-
92
-
pensions
33
-
21
-
total
295
-
172
-
Employer
831
-
519
-
pensions
66
-
41
-
social contributions
9
-
6
-
total
75
-
47
-
Corporate
-
600
-
-
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%.

-
120
-
-
total
-
120
-
-
Dividends
-
480
-
-
withholding
-
106
-
-
total
-
106
-
-
Income
600
600
600
600
Total tax
370
226
219
223
After tax
230
374
381
377
Living cost
536
536
536
536
Free-cash
-306
-162
-155
-159

Estimated living cost  is €536 per week

€364
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.
€114
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
€133
€269
€267
€185
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.

-
-
-
600
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
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
90
total
-
-
-
122
Employee
296
-
484
-
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.

33
-
53
-
income
53
-
87
-
total
86
-
140
-
Employer
296
-
484
-
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
-
116
-
total
71
-
116
-
Corporate
233
600
-
-
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%.

47
120
-
-
total
47
120
-
-
Dividends

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

186
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
204
120
256
122
After tax
396
480
344
478
Living cost
211
211
211
211
Free-cash
185
269
133
267

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
-€407
-€350
-€82
-€407
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
-
-
-
600
health
-
-
-
92
income
-
-
-
57
pensions
-
-
-
108
total
-
-
-
257
Employee
865
865
865
-
income

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

142
142
142
-
pensions
156
119
156
-
health
133
113
133
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
health
60
60
60
-
pensions
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
582
525
582
257
After tax
18
75
18
343
Living cost
425
425
425
425
Free-cash
-407
-350
-407
-82

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
-€96
-€89
-€118
-€181
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
-
-
-
600
other
-
-
-
70
health
-
-
-
37
accident
-
-
-
1
pensions
-
-
-
65
national
-
-
-
-
unemployment
-
-
-
1
municipal
-
-
-
127
total
-
-
-
301
Employee
594
-
457
-
municipal
177
-
136
-
national
-
-
-
-
total
177
-
136
-
Employer
594
-
457
-
other
69
-
53
-
unemployment
16
-
12
-
health
37
-
28
-
accident
1
-
1
-
pensions
64
-
49
-
total
187
-
143
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
withholding
-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
364
272
279
301
After tax
236
328
321
299
Living cost
417
417
417
417
Free-cash
-181
-89
-96
-118

Estimated living cost  is €417 per week

€276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€60
-€96
€39
€46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
health

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

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

-
-
-
69
income

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

-
-
-
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
trade
-
-
-
21
total
-
-
-
163
Employee

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

514
-
600
-
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
-
4
-
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
-
69
-
health

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

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

69
-
69
-
total
115
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
86
600
-
-
chamber of commerce
2
2
-
-
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
-
-
trade
14
99
-
-
income
13
90
-
-
total
30
196
-
-
Dividends
57
404
-
-
surtax

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

1
5
-
-
withholding
10
97
-
-
total
11
102
-
-
Income
600
600
600
600
Total tax
156
298
142
163
After tax
444
302
458
437
Living cost
398
398
398
398
Free-cash
46
-96
60
39

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
€83
€42
€139
€70
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
94
health
-
-
-
15
income
-
-
-
23
total
-
-
-
132
Employee
779
779
779
-
social contributions
38
65
45
-
income
82
72
79
-
health
8
13
9
-
total
128
150
133
-
Employer
779
779
779
-
health
8
14
10
-
social contributions
38
65
45
-
total
46
79
55
-
Corporate
98
-
-
-
income
12
-
-
-
total
12
-
-
-
Dividends
85
-
-
-
withholding
15
-
-
-
total
15
-
-
-
Income
600
600
600
600
Total tax
201
229
188
132
After tax
399
371
412
468
Living cost
329
329
329
329
Free-cash
70
42
83
139

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
€160
€152
€228
€155
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
-
-
-
600
health
-
-
-
42
income
-
-
-
73
pensions
-
-
-
60
unemployment
-
-
-
9
total
-
-
-
184
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.

272
108
502
-
income
33
13
61
-
pensions
27
11
50
-
health
19
8
35
-
unemployment
4
2
8
-
total
83
34
154
-
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.

272
108
502
-
pensions
53
21
98
-
total
53
21
98
-
Corporate
275
471
-
-
income
25
42
-
-
total
25
42
-
-
Dividends
251
428
-
-
social contributions
48
82
-
-
withholding
48
81
-
-
total
96
163
-
-
Income
600
600
600
600
Total tax
257
260
252
184
After tax
343
340
348
416
Living cost
188
188
188
188
Free-cash
155
152
160
228

Estimated living cost  is €188 per week

€128
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.
€41
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
€106
€235
€86
€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
-
-
-
600
health
-
-
-
78
income
-
-
-
71
pensions
-
-
-
120
total
-
-
-
269
Employee
287
-
448
-
income
32
-
81
-
pensions
6
-
9
-
unemployment
5
-
7
-
total
43
-
97
-
Employer
287
-
448
-
unemployment
2
-
4
-
health
37
-
58
-
pensions
58
-
90
-
total
97
-
152
-
Corporate
215
600
-
-
income
43
120
-
-
total
43
120
-
-
Dividends
172
480
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
183
120
249
269
After tax
417
480
351
331
Living cost
245
245
245
245
Free-cash
172
235
106
86

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
€93
-€175
€190
€14
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
115
pensions
-
-
-
42
total
-
-
-
186
Employee
352
-
498
-
income
48
-
69
-
pensions
40
-
56
-
health
40
-
57
-
total
128
-
182
-
Employer
352
-
498
-
unemployment
9
-
12
-
accident
6
-
8
-
pensions
57
-
81
-
total
72
-
101
-
Corporate
176
600
-
-
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.

159
540
-
-
total
159
540
-
-
Dividends
18
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
362
551
283
186
After tax
238
49
317
414
Living cost
224
224
224
224
Free-cash
14
-175
93
190

Estimated living cost  is €224 per week

€164
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.
€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
€396
€486
€510
€470
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%.

-
-
-
600
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
105
-
600
-
income
21
-
120
-
total
21
-
120
-
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%.

495
600
-
-
total
-
-
-
-
Dividends
495
600
-
-
withholding
25
30
-
-
total
25
30
-
-
Income
600
600
600
600
Total tax
46
30
120
6
After tax
554
570
480
594
Living cost
84
84
84
84
Free-cash
470
486
396
510

Estimated living cost  is €84 per week

€52
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.
€23
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
€81
€171
€56
€102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
28
health
-
-
-
26
income
-
-
-
76
pensions

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

-
-
-
144
total
-
-
-
274
Employee
368
-
479
-
income
63
-
82
-
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
-
34
-
health
5
-
7
-
unemployment
4
-
5
-
total
98
-
128
-
Employer
368
-
479
-
other
18
-
24
-
unemployment
4
-
5
-
health
5
-
7
-
accident
3
-
4
-
pensions

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

63
-
81
-
total
93
-
121
-
Corporate
139
600
-
-
income
29
126
-
-
total
29
126
-
-
Dividends
110
474
-
-
withholding
8
33
-
-
total
8
33
-
-
Income
600
600
600
600
Total tax
228
159
249
274
After tax
372
441
351
326
Living cost
270
270
270
270
Free-cash
102
171
81
56

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
-€279
-€218
-€218
-€475
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
-
-
-
600
income
-
-
-
113
pensions
-
-
-
37
total
-
-
-
150
Employee
946
-
535
-
income
170
-
97
-
health
16
-
7
-
pensions
91
-
42
-
total
277
-
146
-
Employer
946
-
535
-
health
18
-
10
-
pensions
112
-
55
-
total
130
-
65
-
Corporate
-
600
-
-
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.

-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
600
600
600
600
Total tax
407
150
211
150
After tax
193
450
389
450
Living cost
668
668
668
668
Free-cash
-475
-218
-279
-218

Estimated living cost  is €668 per week

€501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€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

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
€295
€381
€285
€335
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
-
-
-
600
health
-
-
-
40
income
-
-
-
90
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
183
Employee
174
-
531
-
income
17
-
53
-
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
-
health
8
-
16
-
total
42
-
104
-
Employer
174
-
531
-
unemployment
1
-
2
-
health
12
-
24
-
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.

19
-
39
-
total
34
-
69
-
Corporate
392
600
-
-
income
39
60
-
-
total
39
60
-
-
Dividends
352
540
-
-
withholding
18
27
-
-
total
18
27
-
-
Income
600
600
600
600
Total tax
133
87
173
183
After tax
467
513
427
417
Living cost
132
132
132
132
Free-cash
335
381
295
285

Estimated living cost  is €132 per week

€77
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.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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
-€544
-€487
-€219
-€504
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
-
-
-
600
health
-
-
-
92
income
-
-
-
57
pensions
-
-
-
108
total
-
-
-
257
Employee
940
865
865
-
income

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

142
142
142
-
pensions
119
119
156
-
health
117
113
133
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
health
65
60
60
-
pensions
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
542
525
582
257
After tax
58
75
18
343
Living cost
562
562
562
562
Free-cash
-504
-487
-544
-219

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
€56
€164
€43
€74
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
-
-
-
600
social contributions
-
-
-
175
health
-
-
-
81
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
367
-
448
-
social contributions
24
-
29
-
solidarity contribution
-
-
-
-
income
44
-
54
-
health
50
-
60
-
total
118
-
143
-
Employer
367
-
448
-
health
33
-
40
-
social contributions
92
-
112
-
total
125
-
152
-
Corporate
108
600
-
-
income
21
114
-
-
total
21
114
-
-
Dividends
88
486
-
-
withholding
13
73
-
-
total
13
73
-
-
Income
600
600
600
600
Total tax
277
187
295
308
After tax
323
413
305
292
Living cost
249
249
249
249
Free-cash
74
164
56
43

Estimated living cost  is €249 per week

€173
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.
€54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-€134
-€107
-€101
-€301
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
-
-
-
600
social contributions
-
-
-
154
national
-
-
-
109
regional
-
-
-
6
municipal
-
-
-
4
total
-
-
-
273
Employee
901
-
600
-
social contributions
304
-
202
-
municipal
5
-
3
-
national
156
-
96
-
regional
8
-
5
-
total
473
-
306
-
Employer
901
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
23
-
-
total
-
167
-
-
Dividends
-
433
-
-
withholding
-
112
-
-
total
-
112
-
-
Income
600
600
600
600
Total tax
473
279
306
273
After tax
127
321
294
327
Living cost
428
428
428
428
Free-cash
-301
-107
-134
-101

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
€100
€153
€113
€121
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
-
-
-
600
other
-
-
-
-
health
-
-
-
43
income
-
-
-
92
pensions
-
-
-
120
surtax
-
-
-
6
unemployment
-
-
-
2
total
-
-
-
263
Employee
335
-
496
-
surtax
1
-
5
-
income
56
-
86
-
other
-
-
-
-
pensions
22
-
33
-
health
9
-
13
-
unemployment
23
-
34
-
total
111
-
171
-
Employer
335
-
496
-
other
-
-
-
-
unemployment
11
-
16
-
health
15
-
23
-
pensions
45
-
66
-
total
71
-
105
-
Corporate
194
600
-
-
income
51
156
-
-
total
51
156
-
-
Dividends
144
444
-
-
withholding
22
67
-
-
total
22
67
-
-
Income
600
600
600
600
Total tax
255
223
276
263
After tax
345
377
324
337
Living cost
224
224
224
224
Free-cash
121
153
100
113

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
-€68
-€7
-€7
-€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
-
-
-
600
income
-
-
-
113
pensions
-
-
-
37
total
-
-
-
150
Employee
634
-
535
-
income
114
-
97
-
health
9
-
7
-
pensions
54
-
42
-
total
177
-
146
-
Employer
634
-
535
-
health
12
-
10
-
pensions
69
-
55
-
total
81
-
65
-
Corporate
-
600
-
-
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.

-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
36
-
-
total
-
36
-
-
Income
600
600
600
600
Total tax
258
150
211
150
After tax
342
450
389
450
Living cost
457
457
457
457
Free-cash
-115
-7
-68
-7

Estimated living cost  is €457 per week

€342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
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
-€331
-€536
-€301
-€438
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
-
-
-
600
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.

-
-
-
12
health
-
-
-
3
pensions
-
-
-
55
city
-
-
-
6
national
-
-
-
2
regional
-
-
-
13
total
-
-
-
91
Employee
948
-
537
-
national
4
-
1
-
city
10
-
6
-
pensions
80
-
45
-
health
2
-
1
-
regional
31
-
11
-
unemployment
-
-
-
-
total
127
-
64
-
Employer
948
-
537
-
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
-
11
-
unemployment
-
-
-
-
health
2
-
1
-
pensions
80
-
45
-
total
101
-
57
-
Corporate
-
600
-
-
regional
-
127
-
-
national
-
51
-
-
total
-
178
-
-
Dividends
-
422
-
-
withholding
-
148
-
-
total
-
148
-
-
Income
600
600
600
600
Total tax
228
326
121
91
After tax
372
274
479
509
Living cost
810
810
810
810
Free-cash
-438
-536
-331
-301

Estimated living cost  is €810 per week

€527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€73
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.
€201
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
-€6
-€165
-€28
-€9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
health

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

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

-
-
-
69
income

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

-
-
-
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
trade
-
-
-
22
total
-
-
-
164
Employee

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

609
-
600
-
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
-
4
-
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
-
69
-
health

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

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

69
-
69
-
total
145
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
600
-
-
chamber of commerce
-
2
-
-
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
-
-
trade
-
103
-
-
income
-
90
-
-
total
-
200
-
-
Dividends
-
400
-
-
surtax

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

-
5
-
-
withholding
-
96
-
-
total
-
101
-
-
Income
600
600
600
600
Total tax
145
301
142
164
After tax
455
299
458
436
Living cost
464
464
464
464
Free-cash
-9
-165
-6
-28

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
€17
-€44
€12
€15
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
28
pensions
-
-
-
172
surtax
-
-
-
-
total
-
-
-
241
Employee
434
-
457
-
surtax
-
-
-
-
social contributions
12
-
13
-
income
26
-
28
-
pensions
49
-
52
-
total
87
-
93
-
Employer
434
-
457
-
other
15
-
16
-
unemployment
18
-
19
-
health
30
-
32
-
pensions
71
-
75
-
social contributions
1
-
1
-
total
135
-
143
-
Corporate
31
600
-
-
surtax
-
-
-
-
income
9
168
-
-
total
9
168
-
-
Dividends
22
432
-
-
social contributions
4
74
-
-
surtax
-
-
-
-
withholding
3
55
-
-
total
7
129
-
-
Income
600
600
600
600
Total tax
238
297
236
241
After tax
362
303
364
359
Living cost
347
347
347
347
Free-cash
15
-44
17
12

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
€52
-€9
€47
€47
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
-
-
-
600
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
28
pensions
-
-
-
172
surtax
-
-
-
-
total
-
-
-
241
Employee
387
-
457
-
surtax
-
-
-
-
social contributions
11
-
13
-
income
20
-
28
-
pensions
44
-
52
-
total
75
-
93
-
Employer
387
-
457
-
other
13
-
16
-
unemployment
16
-
19
-
health
27
-
32
-
pensions
64
-
75
-
social contributions
1
-
1
-
total
121
-
143
-
Corporate
92
600
-
-
surtax
-
-
-
-
income
26
168
-
-
total
26
168
-
-
Dividends
66
432
-
-
social contributions
11
74
-
-
surtax
-
-
-
-
withholding
8
55
-
-
total
19
129
-
-
Income
600
600
600
600
Total tax
241
297
236
241
After tax
359
303
364
359
Living cost
312
312
312
312
Free-cash
47
-9
52
47

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
€144
€150
€170
€156
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
-
-
-
600
social contributions
-
-
-
83
health
-
-
-
42
income
-
-
-
90
total
-
-
-
215
Employee
344
-
600
-
social contributions
47
-
83
-
income
57
-
116
-
health
24
-
42
-
total
128
-
241
-
Employer
344
-
600
-
total
-
-
-
-
Corporate
256
600
-
-
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%.

13
30
-
-
total
13
30
-
-
Dividends
244
570
-
-
social contributions
34
79
-
-
withholding
37
86
-
-
health
17
40
-
-
total
88
205
-
-
Income
600
600
600
600
Total tax
229
235
241
215
After tax
371
365
359
385
Living cost
215
215
215
215
Free-cash
156
150
144
170

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
-€130
-€13
-€26
-€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
-
-
-
600
health
-
-
-
46
income
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
surtax
-
-
-
2
unemployment
-
-
-
62
total
-
-
-
269
Employee
506
404
464
-
income
58
30
46
-
other
5
4
5
-
pensions
52
41
48
-
health
20
16
18
-
unemployment
15
12
14
-
total
150
103
131
-
Employer
506
404
464
-
other
24
19
22
-
unemployment
15
12
14
-
health
19
15
18
-
surtax
2
2
2
-
accident
7
5
6
-
pensions
64
51
58
-
payroll
15
12
14
-
chamber of commerce
2
2
2
-
total
148
118
136
-
Corporate
38
78
426
-
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
19
106
-
total
10
19
106
-
Dividends
-
58
-
-
withholding
-
16
-
-
total
-
16
-
-
Income
600
600
600
600
Total tax
308
256
373
269
After tax
292
344
227
331
Living cost
357
357
357
357
Free-cash
-65
-13
-130
-26

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
-€114
-€32
-€50
-€336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
71
communal

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

-
-
-
32
national
-
-
-
177
total
-
-
-
280
Employee

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

725
-
465
-
national
223
-
123
-
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
-
35
-
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
-
22
-
communal

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

38
-
24
-
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
-
total
355
-
208
-
Employer

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

725
-
465
-
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
-
7
-
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
-
29
-
surtax
82
-
53
-
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
-
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
-
41
-
total
211
-
136
-
Corporate
-
600
-
-
surtax
-
2
-
-
income
-
120
-
-
total
-
122
-
-
Dividends
-
478
-
-
withholding

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

-
140
-
-
total
-
140
-
-
Income
600
600
600
600
Total tax
566
262
344
280
After tax
34
338
256
320
Living cost
370
370
370
370
Free-cash
-336
-32
-114
-50

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
-€32
€39
-€37
-€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
-
-
-
600
other
-
-
-
1
accident
-
-
-
5
income
-
-
-
91
pensions
-
-
-
170
unemployment
-
-
-
4
total
-
-
-
271
Employee
504
-
455
-
income
106
-
93
-
other
-
-
-
-
pensions
24
-
21
-
unemployment
8
-
7
-
total
138
-
121
-
Employer
504
-
455
-
other
4
-
4
-
unemployment
28
-
25
-
accident
10
-
9
-
pensions
119
-
107
-
total
161
-
145
-
Corporate
-
600
-
-
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.

-
90
-
-
total
-
90
-
-
Dividends
-
510
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
299
195
266
271
After tax
301
405
334
329
Living cost
366
366
366
366
Free-cash
-65
39
-32
-37

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
-€144
-€173
-€155
-€258
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
-
-
-
600
health
-
-
-
45
accident
-
-
-
5
income
-
-
-
26
pensions
-
-
-
96
communal
-
-
-
-
surtax
-
-
-
32
total
-
-
-
204
Employee
767
-
536
-
surtax
47
-
33
-
income
74
-
29
-
pensions
61
-
43
-
health
34
-
24
-
total
216
-
129
-
Employer
767
-
536
-
health
23
-
16
-
accident
7
-
5
-
pensions
61
-
43
-
total
91
-
64
-
Corporate
-
600
-
-
surtax
-
6
-
-
income
-
90
-
-
communal
-
40
-
-
total
-
136
-
-
Dividends
-
463
-
-
income
-
17
-
-
withholding
-
69
-
-
total
-
86
-
-
Income
600
600
600
600
Total tax
307
222
193
204
After tax
293
378
407
396
Living cost
551
551
551
551
Free-cash
-258
-173
-144
-155

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
€96
€149
€109
€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
-
-
-
600
other
-
-
-
-
health
-
-
-
43
income
-
-
-
92
pensions
-
-
-
120
surtax
-
-
-
6
unemployment
-
-
-
2
total
-
-
-
263
Employee
341
-
496
-
surtax
1
-
5
-
income
57
-
86
-
other
-
-
-
-
pensions
23
-
33
-
health
9
-
13
-
unemployment
24
-
34
-
total
114
-
171
-
Employer
341
-
496
-
other
-
-
-
-
unemployment
11
-
16
-
health
16
-
23
-
pensions
46
-
66
-
total
73
-
105
-
Corporate
187
600
-
-
income
49
156
-
-
total
49
156
-
-
Dividends
138
444
-
-
withholding
21
67
-
-
total
21
67
-
-
Income
600
600
600
600
Total tax
257
223
276
263
After tax
343
377
324
337
Living cost
228
228
228
228
Free-cash
115
149
96
109

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
€18
€42
€51
€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
-
-
-
600
social contributions
-
-
-
154
national
-
-
-
109
regional
-
-
-
9
municipal
-
-
-
4
total
-
-
-
276
Employee
562
-
600
-
social contributions
190
-
202
-
municipal
3
-
3
-
national
89
-
96
-
regional
8
-
8
-
total
290
-
309
-
Employer
562
-
600
-
total
-
-
-
-
Corporate
38
600
-
-
nationa
9
144
-
-
municipal
2
30
-
-
total
11
174
-
-
Dividends
27
426
-
-
withholding
7
111
-
-
total
7
111
-
-
Income
600
600
600
600
Total tax
308
285
309
276
After tax
292
315
291
324
Living cost
273
273
273
273
Free-cash
19
42
18
51

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
-€2
€106
-€15
-€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
-
-
-
600
social contributions
-
-
-
175
health
-
-
-
81
income
-
-
-
52
solidarity contribution
-
-
-
-
total
-
-
-
308
Employee
452
-
448
-
social contributions
29
-
29
-
solidarity contribution
-
-
-
-
income
54
-
54
-
health
61
-
60
-
total
144
-
143
-
Employer
452
-
448
-
health
41
-
40
-
social contributions
113
-
112
-
total
154
-
152
-
Corporate
-
600
-
-
income
-
114
-
-
total
-
114
-
-
Dividends
-
486
-
-
withholding
-
73
-
-
total
-
73
-
-
Income
600
600
600
600
Total tax
298
187
295
308
After tax
302
413
305
292
Living cost
307
307
307
307
Free-cash
-5
106
-2
-15

Estimated living cost  is €307 per week

€229
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
-€95
€22
€10
€16
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
-
-
-
600
health
-
-
-
46
income
-
-
-
46
chamber of commerce
-
-
-
2
pensions
-
-
-
111
surtax
-
-
-
-
unemployment
-
-
-
62
total
-
-
-
267
Employee
443
404
466
-
income
39
30
46
-
other
4
4
5
-
pensions
45
41
48
-
health
17
16
18
-
unemployment
13
12
14
-
total
118
103
131
-
Employer
443
404
466
-
other
21
19
22
-
unemployment
13
12
14
-
health
17
15
18
-
surtax
-
-
-
-
accident
6
5
6
-
pensions
56
51
58
-
payroll
13
12
14
-
chamber of commerce
2
2
2
-
total
128
116
134
-
Corporate
38
80
427
-
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
20
107
-
total
10
20
107
-
Dividends
20
60
-
-
withholding
5
16
-
-
total
5
16
-
-
Income
600
600
600
600
Total tax
261
255
372
267
After tax
339
345
228
333
Living cost
323
323
323
323
Free-cash
16
22
-95
10

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
€349
€439
€463
€414
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%.

-
-
-
600
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
164
-
600
-
income
33
-
120
-
total
33
-
120
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

436
600
-
-
total
-
-
-
-
Dividends
436
600
-
-
withholding
22
30
-
-
total
22
30
-
-
Income
600
600
600
600
Total tax
55
30
120
6
After tax
545
570
480
594
Living cost
131
131
131
131
Free-cash
414
439
349
463

Estimated living cost  is €131 per week

€89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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
€39
€141
€56
€56
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
600
health
-
-
-
59
income
-
-
-
102
pensions
-
-
-
110
unemployment
-
-
-
1
total
-
-
-
272
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
-
519
-
income
77
-
93
-
pensions
69
-
80
-
health
29
-
34
-
unemployment
1
-
1
-
total
176
-
208
-
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
-
519
-
unemployment
-
-
-
-
health
30
-
35
-
pensions
40
-
46
-
total
70
-
81
-
Corporate
82
600
-
-
income
16
114
-
-
total
16
114
-
-
Dividends
67
486
-
-
withholding
10
73
-
-
total
10
73
-
-
Income
600
600
600
600
Total tax
272
187
289
272
After tax
328
413
311
328
Living cost
272
272
272
272
Free-cash
56
141
39
56

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
€1
-€94
-€44
-€986
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
-
-
-
600
social contributions
-
-
-
68
income
-
-
-
117
total
-
-
-
185
Employee
658
-
-
-
social contributions
54
-
8
-
income
145
-
-
-
total
199
-
8
-
Employer
658
-
-
-
social contributions
928
-
132
-
total
928
-
132
-
Corporate
-
600
-
-
income
-
132
-
-
total
-
132
-
-
Dividends
-
468
-
-
income
-
103
-
-
total
-
103
-
-
Income
600
600
600
600
Total tax
1 127
235
140
185
After tax
-527
365
460
415
Living cost
459
459
459
459
Free-cash
-986
-94
1
-44

Estimated living cost  is €459 per week

€298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€11
€23
€28
€13
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
social contributions

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

-
-
-
208
income
-
-
-
46
surtax
-
-
-
-
total
-
-
-
254
Employee
466
-
485
-
surtax
-
-
-
-
social contributions
51
-
53
-
income
97
-
103
-
total
148
-
156
-
Employer
466
-
485
-
social contributions
111
-
115
-
total
111
-
115
-
Corporate
23
600
-
-
surtax
-
-
-
-
income
5
126
-
-
total
5
126
-
-
Dividends
18
474
-
-
withholding
5
133
-
-
total
5
133
-
-
Income
600
600
600
600
Total tax
269
259
271
254
After tax
331
341
329
346
Living cost
318
318
318
318
Free-cash
13
23
11
28

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
-€125
-€186
-€130
-€232
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
-
-
-
600
other
-
-
-
19
social contributions
-
-
-
17
health
-
-
-
5
income
-
-
-
28
pensions
-
-
-
172
surtax
-
-
-
-
total
-
-
-
241
Employee
635
-
457
-
surtax
-
-
-
-
social contributions
18
-
13
-
income
55
-
28
-
pensions
72
-
52
-
total
145
-
93
-
Employer
635
-
457
-
other
22
-
16
-
unemployment
26
-
19
-
health
44
-
32
-
pensions
104
-
75
-
social contributions
2
-
1
-
total
198
-
143
-
Corporate
-
600
-
-
surtax
-
-
-
-
income
-
168
-
-
total
-
168
-
-
Dividends
-
432
-
-
social contributions
-
74
-
-
surtax
-
-
-
-
withholding
-
55
-
-
total
-
129
-
-
Income
600
600
600
600
Total tax
343
297
236
241
After tax
257
303
364
359
Living cost
489
489
489
489
Free-cash
-232
-186
-125
-130

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
€179
€235
€163
€202
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
-
-
-
600
income
-
-
-
-
social contributions
-
-
-
132
total
-
-
-
132
Employee
326
-
519
-
income
-
-
1
-
social contributions
21
-
34
-
total
21
-
35
-
Employer
326
-
519
-
social contributions
50
-
81
-
total
50
-
81
-
Corporate
224
600
-
-
income
22
60
-
-
total
22
60
-
-
Dividends
201
540
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
93
60
116
132
After tax
507
540
484
468
Living cost
305
305
305
305
Free-cash
202
235
179
163

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
-€1605
-€1605
-€98
-€1605
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
-
-
-
600
labour market
-
-
-
47
pensions
-
-
-
9
national
-
-
-
57
municipal
-
-
-
98
total
-
-
-
211
Employee
2 057
2 057
2 057
-
labour market
164
164
164
-
municipal
438
438
438
-
national
251
251
251
-
pensions
3
3
3
-
total
856
856
856
-
Employer
2 057
2 057
2 057
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
600
600
600
600
Total tax
1 718
1 718
1 718
211
After tax
-1 118
-1 118
-1 118
389
Living cost
487
487
487
487
Free-cash
-1 605
-1 605
-1 605
-98

Estimated living cost  is €487 per week

€333
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.
€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.
€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
€97
-€171
€194
€16
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
-
-
-
600
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
115
pensions
-
-
-
42
total
-
-
-
186
Employee
347
-
498
-
income
48
-
69
-
pensions
39
-
56
-
health
40
-
57
-
total
127
-
182
-
Employer
347
-
498
-
unemployment
8
-
12
-
accident
6
-
8
-
pensions
56
-
81
-
total
70
-
101
-
Corporate
183
600
-
-
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.

164
540
-
-
total
164
540
-
-
Dividends
18
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
364
551
283
186
After tax
236
49
317
414
Living cost
220
220
220
220
Free-cash
16
-171
97
194

Estimated living cost  is €220 per week

€160
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.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-€20
€25
€74
-€33
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
health
-
-
-
5
national
-
-
-
25
municipal
-
-
-
107
total
-
-
-
137
Employee
533
-
505
-
municipal
87
-
83
-
national
9
-
7
-
pensions
36
-
34
-
health
4
-
4
-
unemployment
8
-
8
-
total
144
-
136
-
Employer
533
-
505
-
unemployment
3
-
3
-
health
4
-
4
-
accident
1
-
-
-
pensions
92
-
88
-
total
100
-
95
-
Corporate
-
600
-
-
income
-
120
-
-
total
-
120
-
-
Dividends

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

-
360
-
-
national
-
1
-
-
municipal
-
65
-
-
total
-
66
-
-
Income
600
600
600
600
Total tax
244
186
231
137
After tax
356
414
369
463
Living cost
389
389
389
389
Free-cash
-33
25
-20
74

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
€177
€136
€233
€152
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
social contributions
-
-
-
94
health
-
-
-
15
income
-
-
-
23
total
-
-
-
132
Employee
779
779
779
-
social contributions
29
65
45
-
income
85
72
79
-
health
6
13
9
-
total
120
150
133
-
Employer
779
779
779
-
health
7
14
10
-
social contributions
29
65
45
-
total
36
79
55
-
Corporate
209
-
-
-
income
26
-
-
-
total
26
-
-
-
Dividends
183
-
-
-
withholding
31
-
-
-
total
31
-
-
-
Income
600
600
600
600
Total tax
213
229
188
132
After tax
387
371
412
468
Living cost
235
235
235
235
Free-cash
152
136
177
233

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
€210
€336
€287
€284
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
-
-
-
600
health
-
-
-
37
income
-
-
-
51
pensions
-
-
-
64
unemployment
-
-
-
-
total
-
-
-
152
Employee

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

233
-
544
-
income
16
-
42
-
pensions
35
-
82
-
health
20
-
46
-
unemployment
1
-
3
-
total
72
-
173
-
Employer

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

233
-
544
-
unemployment
1
-
3
-
health
10
-
23
-
pensions
13
-
30
-
total
24
-
56
-
Corporate
343
600
-
-
income
31
54
-
-
total
31
54
-
-
Dividends
313
546
-
-
withholding
28
49
-
-
total
28
49
-
-
Income
600
600
600
600
Total tax
155
103
229
152
After tax
445
497
371
448
Living cost
161
161
161
161
Free-cash
284
336
210
287

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
€55
€126
€50
€73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
1
accident
-
-
-
5
income
-
-
-
91
pensions
-
-
-
170
unemployment
-
-
-
4
total
-
-
-
271
Employee
375
-
455
-
income
72
-
93
-
other
-
-
-
-
pensions
18
-
21
-
unemployment
6
-
7
-
total
96
-
121
-
Employer
375
-
455
-
other
3
-
4
-
unemployment
21
-
25
-
accident
7
-
9
-
pensions
88
-
107
-
total
119
-
145
-
Corporate
106
600
-
-
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.

16
90
-
-
total
16
90
-
-
Dividends
90
510
-
-
withholding
17
105
-
-
total
17
105
-
-
Income
600
600
600
600
Total tax
248
195
266
271
After tax
352
405
334
329
Living cost
279
279
279
279
Free-cash
73
126
55
50

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
€359
€355
€360
€352
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
-
-
-
600
health
-
-
-
10
income
-
-
-
197
pensions
-
-
-
14
total
-
-
-
221
Employee
29
-
585
-
income
6
-
197
-
pensions
3
-
6
-
health
1
-
3
-
unemployment
-
-
1
-
total
10
-
207
-
Employer
29
-
585
-
unemployment
1
-
1
-
health
3
-
6
-
pensions
3
-
8
-
total
7
-
15
-
Corporate
565
600
-
-
income
124
132
-
-
total
124
132
-
-
Dividends
441
468
-
-
withholding
88
94
-
-
total
88
94
-
-
Income
600
600
600
600
Total tax
229
226
222
221
After tax
371
374
378
379
Living cost
19
19
19
19
Free-cash
352
355
359
360

Estimated living cost  is €19 per week

€11
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
€148
€259
€121
€208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
600
health
-
-
-
62
income
-
-
-
77
pensions
-
-
-
156
unemployment
-
-
-
9
total
-
-
-
304
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
-
509
-
income
36
-
85
-
pensions
37
-
71
-
health
14
-
26
-
unemployment
2
-
4
-
total
89
-
186
-
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
-
509
-
unemployment
2
-
4
-
health
14
-
26
-
pensions
32
-
61
-
total
48
-
91
-
Corporate
289
600
-
-
income
43
90
-
-
total
43
90
-
-
Dividends
246
510
-
-
withholding
37
76
-
-
total
37
76
-
-
Income
600
600
600
600
Total tax
217
166
277
304
After tax
383
434
323
296
Living cost
175
175
175
175
Free-cash
208
259
148
121

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
€56
€68
€73
€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

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.

-
-
-
600
social contributions

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

-
-
-
208
income
-
-
-
46
surtax
-
-
-
-
total
-
-
-
254
Employee
393
-
485
-
surtax
-
-
-
-
social contributions
43
-
53
-
income
77
-
103
-
total
120
-
156
-
Employer
393
-
485
-
social contributions
93
-
115
-
total
93
-
115
-
Corporate
113
600
-
-
surtax
-
-
-
-
income
24
126
-
-
total
24
126
-
-
Dividends
90
474
-
-
withholding
25
133
-
-
total
25
133
-
-
Income
600
600
600
600
Total tax
262
259
271
254
After tax
338
341
329
346
Living cost
273
273
273
273
Free-cash
65
68
56
73

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
-€22
€49
-€27
-€46
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
600
other
-
-
-
1
accident
-
-
-
5
income
-
-
-
91
pensions
-
-
-
170
unemployment
-
-
-
4
total
-
-
-
271
Employee
489
-
455
-
income
102
-
93
-
other
-
-
-
-
pensions
23
-
21
-
unemployment
8
-
7
-
total
133
-
121
-
Employer
489
-
455
-
other
4
-
4
-
unemployment
27
-
25
-
accident
10
-
9
-
pensions
116
-
107
-
total
157
-
145
-
Corporate
-
600
-
-
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.

-
90
-
-
total
-
90
-
-
Dividends
-
510
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
290
195
266
271
After tax
310
405
334
329
Living cost
356
356
356
356
Free-cash
-46
49
-22
-27

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
€254
€340
€244
€277
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
-
-
-
600
health
-
-
-
40
income
-
-
-
90
pensions

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

-
-
-
52
unemployment
-
-
-
1
total
-
-
-
183
Employee
229
-
531
-
income
23
-
53
-
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
-
health
11
-
16
-
total
57
-
104
-
Employer
229
-
531
-
unemployment
1
-
2
-
health
16
-
24
-
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.

25
-
39
-
total
45
-
69
-
Corporate
327
600
-
-
income
33
60
-
-
total
33
60
-
-
Dividends
294
540
-
-
withholding
15
27
-
-
total
15
27
-
-
Income
600
600
600
600
Total tax
150
87
173
183
After tax
450
513
427
417
Living cost
173
173
173
173
Free-cash
277
340
254
244

Estimated living cost  is €173 per week

€114
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.
€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

Source of data for Sofia model

Close
Berlin , Germany
€67
-€80
€49
€53
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
600
health

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

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

-
-
-
69
income

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

-
-
-
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
trade
-
-
-
18
total
-
-
-
160
Employee

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

504
-
600
-
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
-
4
-
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
-
69
-
health

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

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

69
-
69
-
total
112
-
142
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
96
600
-
-
chamber of commerce
2
2
-
-
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
-
-
trade
14
86
-
-
income
14
90
-
-
total
31
183
-
-
Dividends
65
417
-
-
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
6
-
-
withholding
12
100
-
-
total
13
106
-
-
Income
600
600
600
600
Total tax
156
289
142
160
After tax
444
311
458
440
Living cost
391
391
391
391
Free-cash
53
-80
67
49

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
-€110
-€157
-€110
-€193
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
-
-
-
600
income
-
-
-
88
social contributions
-
-
-
45
total
-
-
-
133
Employee
793
-
600
-
income
150
-
88
-
social contributions
66
-
45
-
total
216
-
133
-
Employer
793
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
income
-
75
-
-
total
-
75
-
-
Dividends
-
525
-
-
withholding
-
105
-
-
total
-
105
-
-
Income
600
600
600
600
Total tax
216
180
133
133
After tax
384
420
467
467
Living cost
577
577
577
577
Free-cash
-193
-157
-110
-110

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
€65
-€32
-€119
€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

We use The Residence Programme or The Global Residence Programme.

-
-
-
600
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.

-
-
-
63
total
-
-
-
351
Employee
465
-
553
-
income
50
-
73
-
social contributions
47
-
47
-
total
97
-
120
-
Employer
465
-
553
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
89
600
-
-
income
31
210
-
-
total
31
210
-
-
Dividends
58
390
-
-
social contributions
30
54
-
-
total
30
54
-
-
Income
600
600
600
600
Total tax
205
264
167
351
After tax
395
336
433
249
Living cost
368
368
368
368
Free-cash
27
-32
65
-119

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
€18
€79
€79
€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
-
-
-
600
income
-
-
-
113
pensions
-
-
-
37
total
-
-
-
150
Employee
510
-
535
-
income
93
-
97
-
health
7
-
7
-
pensions
39
-
42
-
total
139
-
146
-
Employer
510
-
535
-
health
10
-
10
-
pensions
51
-
55
-
total
61
-
65
-
Corporate
29
600
-
-
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.

6
114
-
-
total
6
114
-
-
Dividends
24
486
-
-
withholding
2
36
-
-
total
2
36
-
-
Income
600
600
600
600
Total tax
208
150
211
150
After tax
392
450
389
450
Living cost
371
371
371
371
Free-cash
21
79
18
79

Estimated living cost  is €371 per week

€255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€78
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
€75
-€193
€172
€12
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
-
-
-
600
other
-
-
-
4
health
-
-
-
22
accident
-
-
-
3
income
-
-
-
115
pensions
-
-
-
42
total
-
-
-
186
Employee
381
-
498
-
income
52
-
69
-
pensions
43
-
56
-
health
44
-
57
-
total
139
-
182
-
Employer
381
-
498
-
unemployment
9
-
12
-
accident
6
-
8
-
pensions
62
-
81
-
total
77
-
101
-
Corporate
141
600
-
-
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.

127
540
-
-
total
127
540
-
-
Dividends
14
60
-
-
withholding
3
11
-
-
total
3
11
-
-
Income
600
600
600
600
Total tax
346
551
283
186
After tax
254
49
317
414
Living cost
242
242
242
242
Free-cash
12
-193
75
172

Estimated living cost  is €242 per week

€178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€218
€373
€218
€324
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.

-
-
-
600
income
-
-
-
81
health insurance
-
-
-
44
work injury
-
-
-
3
pensions
-
-
-
110
unemployment
-
-
-
7
total
-
-
-
245
Employee

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

219
-
600
-
income
22
-
81
-
work injury
1
-
3
-
health insurance
16
-
44
-
pensions
40
-
110
-
unemployment
3
-
7
-
total
82
-
245
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
381
600
-
-
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
381
600
-
-
withholding
57
90
-
-
total
57
90
-
-
Income
600
600
600
600
Total tax
139
90
245
245
After tax
461
510
355
355
Living cost
137
137
137
137
Free-cash
324
373
218
218

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
-€114
-€88
-€80
-€254
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
-
-
-
600
social contributions
-
-
-
154
national
-
-
-
109
regional
-
-
-
9
municipal
-
-
-
4
total
-
-
-
276
Employee
854
-
600
-
social contributions
288
-
202
-
municipal
5
-
4
-
national
144
-
96
-
regional
13
-
8
-
total
450
-
310
-
Employer
854
-
600
-
total
-
-
-
-
Corporate
-
600
-
-
nationa
-
144
-
-
municipal
-
29
-
-
total
-
173
-
-
Dividends
-
427
-
-
withholding
-
111
-
-
total
-
111
-
-
Income
600
600
600
600
Total tax
450
284
310
276
After tax
150
316
290
324
Living cost
404
404
404
404
Free-cash
-254
-88
-114
-80

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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