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
€ 700
per

Your estimated
City
free-cash

Valencia , Spain
€105
€99
€193
€141
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
-
-
-
700
income
-
-
-
112
accident
-
-
-
6
unemployment
-
-
-
5
pensions
-
-
-
198
other
-
-
-
1
total
-
-
-
322
Employee
375
-
531
-
other
-
-
1
-
income
72
-
114
-
unemployment
6
-
8
-
pensions
18
-
25
-
total
96
-
148
-
Employer
375
-
531
-
unemployment
21
-
29
-
pensions
88
-
125
-
other
3
-
4
-
accident
7
-
10
-
total
119
-
168
-
Corporate
206
700
-
-
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.

31
105
-
-
total
31
105
-
-
Dividends
175
595
-
-
withholding
34
123
-
-
total
34
123
-
-
Income
700
700
700
700
Total tax
280
228
316
322
After tax
420
472
384
378
Living cost
279
279
279
279
Free-cash
141
193
105
99

Estimated living cost  is €279 per week

€188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
€140
€109
€244
€176
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
-
-
-
700
income
-
-
-
89
health
-
-
-
31
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.

-
-
-
168
other
-
-
-
33
total
-
-
-
321
Employee
368
-
559
-
income
63
-
96
-
health
5
-
8
-
unemployment
4
-
6
-
pensions

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

26
-
39
-
total
98
-
149
-
Employer
368
-
559
-
unemployment
4
-
6
-
pensions

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

63
-
95
-
other
18
-
28
-
accident
3
-
4
-
health
5
-
8
-
total
93
-
141
-
Corporate
239
700
-
-
income
50
147
-
-
total
50
147
-
-
Dividends
189
553
-
-
withholding
13
39
-
-
total
13
39
-
-
Income
700
700
700
700
Total tax
254
186
290
321
After tax
446
514
410
379
Living cost
270
270
270
270
Free-cash
176
244
140
109

Estimated living cost  is €270 per week

€191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
€384
€368
€465
€419
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
-
-
-
700
income
-
-
-
105
health
-
-
-
41
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
199
Employee
176
-
631
-
income
18
-
63
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
total
43
-
114
-
Employer
176
-
631
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
12
-
24
-
total
34
-
69
-
Corporate
490
700
-
-
income
49
70
-
-
total
49
70
-
-
Dividends
441
630
-
-
withholding
22
32
-
-
total
22
32
-
-
Income
700
700
700
700
Total tax
148
102
183
199
After tax
552
598
517
501
Living cost
133
133
133
133
Free-cash
419
465
384
368

Estimated living cost  is €133 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
€73
€70
€5
€66
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
-
-
-
700
income
-
-
-
37
social contributions
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
pensions
-
-
-
198
other
-
-
-
22
total
-
-
-
283
Employee
434
-
533
-
income
26
-
38
-
social contributions
12
-
15
-
surtax
-
-
-
-
pensions
49
-
60
-
total
87
-
113
-
Employer
434
-
533
-
unemployment
18
-
22
-
social contributions
1
-
2
-
pensions
71
-
88
-
other
15
-
18
-
health
30
-
37
-
total
135
-
167
-
Corporate
131
700
-
-
income
37
196
-
-
surtax
-
-
-
-
total
37
196
-
-
Dividends
94
504
-
-
withholding
12
65
-
-
surtax
-
-
-
-
social contributions
16
87
-
-
total
28
152
-
-
Income
700
700
700
700
Total tax
287
348
280
283
After tax
413
352
420
417
Living cost
347
347
347
347
Free-cash
66
5
73
70

Estimated living cost  is €347 per week

€219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
-€307
-€27
-€250
-€307
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
-
-
-
700
income
-
-
-
79
health
-
-
-
104
pensions
-
-
-
119
total
-
-
-
302
Employee
865
865
865
-
income

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

142
142
142
-
health
133
113
133
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
582
525
582
302
After tax
118
175
118
398
Living cost
425
425
425
425
Free-cash
-307
-250
-307
-27

Estimated living cost  is €425 per week

€301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Dresden , Germany
€219
€183
€48
€159
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.

-
-
-
700
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.

-
-
-
100
health

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

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

-
-
-
69
trade
-
-
-
36
surtax

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

-
-
-
5
total
-
-
-
210
Employee

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

388
-
700
-
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
-
100
-
health

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

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

69
-
69
-
surtax

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

1
-
5
-
total
81
-
174
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
312
700
-
-
chamber of commerce
2
3
-
-
income
47
105
-
-
surtax

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

3
6
-
-
trade
49
110
-
-
total
101
224
-
-
Dividends
212
476
-
-
withholding
49
115
-
-
surtax

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

3
6
-
-
total
52
121
-
-
Income
700
700
700
700
Total tax
234
345
174
210
After tax
466
355
526
490
Living cost
307
307
307
307
Free-cash
159
48
219
183

Estimated living cost  is €307 per week

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

Additional information

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

Larnaca , Cyprus
€260
€297
€236
€224
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
-
-
-
700
income
-
-
-
41
social contributions
-
-
-
109
health
-
-
-
18
total
-
-
-
168
Employee
779
779
779
-
income
85
72
76
-
social contributions
29
65
53
-
health
6
13
11
-
total
120
150
140
-
Employer
779
779
779
-
social contributions
29
65
53
-
health
7
14
12
-
total
36
79
65
-
Corporate
309
-
-
-
income
39
-
-
-
total
39
-
-
-
Dividends
270
-
-
-
withholding
46
-
-
-
total
46
-
-
-
Income
700
700
700
700
Total tax
241
229
205
168
After tax
459
471
495
532
Living cost
235
235
235
235
Free-cash
224
236
260
297

Estimated living cost  is €235 per week

€141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
€58
€82
€80
€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

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.

-
-
-
700
income
-
-
-
57
social contributions

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

-
-
-
243
surtax
-
-
-
-
total
-
-
-
300
Employee
466
-
566
-
income
97
-
128
-
social contributions
51
-
62
-
surtax
-
-
-
-
total
148
-
190
-
Employer
466
-
566
-
social contributions
111
-
134
-
total
111
-
134
-
Corporate
123
700
-
-
income
26
147
-
-
surtax
-
-
-
-
total
26
147
-
-
Dividends
97
553
-
-
withholding
27
155
-
-
total
27
155
-
-
Income
700
700
700
700
Total tax
312
302
324
300
After tax
388
398
376
400
Living cost
318
318
318
318
Free-cash
70
80
58
82

Estimated living cost  is €318 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
€484
€617
€589
€575
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%.

-
-
-
700
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
95
-
700
-
income
19
-
140
-
total
19
-
140
-
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%.

605
700
-
-
total
-
-
-
-
Dividends
605
700
-
-
withholding
30
35
-
-
total
30
35
-
-
Income
700
700
700
700
Total tax
49
35
140
7
After tax
651
665
560
693
Living cost
76
76
76
76
Free-cash
575
589
484
617

Estimated living cost  is €76 per week

€47
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
€84
€104
€210
€125
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.

-
-
-
700
income
-
-
-
126
health
-
-
-
69
unemployment
-
-
-
1
pensions
-
-
-
128
total
-
-
-
324
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
-
606
-
income
77
-
116
-
health
29
-
39
-
unemployment
1
-
1
-
pensions
69
-
94
-
total
176
-
250
-
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
-
606
-
unemployment
-
-
-
-
pensions
40
-
54
-
health
30
-
40
-
total
70
-
94
-
Corporate
182
700
-
-
income
35
133
-
-
total
35
133
-
-
Dividends
148
567
-
-
withholding
22
85
-
-
total
22
85
-
-
Income
700
700
700
700
Total tax
303
218
344
324
After tax
397
482
356
376
Living cost
272
272
272
272
Free-cash
125
210
84
104

Estimated living cost  is €272 per week

€187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
€140
-€23
€33
€92
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
700
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.

-
-
-
67
total
-
-
-
355
Employee
465
-
653
-
social contributions
47
-
47
-
income
50
-
98
-
total
97
-
145
-
Employer
465
-
653
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
189
700
-
-
income
66
245
-
-
total
66
245
-
-
Dividends
123
455
-
-
social contributions
30
54
-
-
total
30
54
-
-
Income
700
700
700
700
Total tax
240
299
192
355
After tax
460
401
508
345
Living cost
368
368
368
368
Free-cash
92
33
140
-23

Estimated living cost  is €368 per week

€242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
€200
€234
€212
€217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
105
social contributions
-
-
-
97
health
-
-
-
49
total
-
-
-
251
Employee
344
-
700
-
income
57
-
139
-
social contributions
47
-
97
-
health
24
-
49
-
total
128
-
285
-
Employer
344
-
700
-
total
-
-
-
-
Corporate
356
700
-
-
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%.

18
35
-
-
total
18
35
-
-
Dividends
339
665
-
-
withholding
51
100
-
-
health
24
46
-
-
social contributions
47
92
-
-
total
122
238
-
-
Income
700
700
700
700
Total tax
268
273
285
251
After tax
432
427
415
449
Living cost
215
215
215
215
Free-cash
217
212
200
234

Estimated living cost  is €215 per week

€144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
€76
€63
€204
€105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
60
social contributions
-
-
-
204
solidarity contribution
-
-
-
-
health
-
-
-
95
total
-
-
-
359
Employee
409
-
522
-
solidarity contribution
-
-
-
-
income
49
-
63
-
social contributions
27
-
34
-
health
55
-
71
-
total
131
-
168
-
Employer
409
-
522
-
social contributions
102
-
131
-
health
37
-
47
-
total
139
-
178
-
Corporate
152
700
-
-
income
29
133
-
-
total
29
133
-
-
Dividends
123
567
-
-
withholding
18
85
-
-
total
18
85
-
-
Income
700
700
700
700
Total tax
317
218
346
359
After tax
383
482
354
341
Living cost
278
278
278
278
Free-cash
105
204
76
63

Estimated living cost  is €278 per week

€207
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.
€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
Tbilisi , Georgia
€442
€575
€547
€524
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%.

-
-
-
700
microenterprise

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

-
-
-
7
total
-
-
-
7
Employee
148
-
700
-
income
30
-
140
-
total
30
-
140
-
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%.

552
700
-
-
total
-
-
-
-
Dividends
552
700
-
-
withholding
28
35
-
-
total
28
35
-
-
Income
700
700
700
700
Total tax
58
35
140
7
After tax
642
665
560
693
Living cost
118
118
118
118
Free-cash
524
547
442
575

Estimated living cost  is €118 per week

€80
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
-€69
-€72
-€137
-€132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
700
income
-
-
-
37
social contributions
-
-
-
20
health
-
-
-
6
surtax
-
-
-
-
pensions
-
-
-
198
other
-
-
-
22
total
-
-
-
283
Employee
635
-
533
-
income
55
-
38
-
social contributions
18
-
15
-
surtax
-
-
-
-
pensions
72
-
60
-
total
145
-
113
-
Employer
635
-
533
-
unemployment
26
-
22
-
social contributions
2
-
2
-
pensions
104
-
88
-
other
22
-
18
-
health
44
-
37
-
total
198
-
167
-
Corporate
-
700
-
-
income
-
196
-
-
surtax
-
-
-
-
total
-
196
-
-
Dividends
-
504
-
-
withholding
-
65
-
-
surtax
-
-
-
-
social contributions
-
87
-
-
total
-
152
-
-
Income
700
700
700
700
Total tax
343
348
280
283
After tax
357
352
420
417
Living cost
489
489
489
489
Free-cash
-132
-137
-69
-72

Estimated living cost  is €489 per week

€331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
€196
€168
€331
€280
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.

-
-
-
700
income
-
-
-
92
health
-
-
-
72
unemployment
-
-
-
11
pensions
-
-
-
182
total
-
-
-
357
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.

263
-
594
-
income
36
-
105
-
health
14
-
31
-
unemployment
2
-
4
-
pensions
37
-
83
-
total
89
-
223
-
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.

263
-
594
-
unemployment
2
-
4
-
pensions
32
-
71
-
health
14
-
31
-
total
48
-
106
-
Corporate
389
700
-
-
income
58
105
-
-
total
58
105
-
-
Dividends
331
595
-
-
withholding
50
89
-
-
total
50
89
-
-
Income
700
700
700
700
Total tax
245
194
329
357
After tax
455
506
371
343
Living cost
175
175
175
175
Free-cash
280
331
196
168

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.
€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
Zurich , Switzerland
-€156
-€118
-€388
-€210
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
-
-
-
700
regional
-
-
-
19
national
-
-
-
3
health
-
-
-
2
city
-
-
-
7
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.

-
-
-
14
pensions
-
-
-
64
total
-
-
-
109
Employee
830
-
627
-
regional
27
-
17
-
city
9
-
7
-
health
2
-
1
-
unemployment
-
-
-
-
national
4
-
2
-
pensions
70
-
53
-
total
112
-
80
-
Employer
830
-
627
-
unemployment
-
-
-
-
pensions
70
-
53
-
other

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

17
-
13
-
health
2
-
1
-
total
89
-
67
-
Corporate
-
700
-
-
regional
-
148
-
-
national
-
59
-
-
total
-
207
-
-
Dividends
-
492
-
-
withholding
-
172
-
-
total
-
172
-
-
Income
700
700
700
700
Total tax
201
379
147
109
After tax
499
321
553
591
Living cost
709
709
709
709
Free-cash
-210
-388
-156
-118

Estimated living cost  is €709 per week

€461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€64
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
€34
€137
€90
€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

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

-
-
-
700
municipal
-
-
-
125
national
-
-
-
42
health
-
-
-
7
total
-
-
-
174
Employee
533
-
589
-
health
4
-
5
-
unemployment
8
-
9
-
national
9
-
15
-
municipal
87
-
96
-
pensions
36
-
40
-
total
144
-
165
-
Employer
533
-
589
-
unemployment
3
-
4
-
pensions
92
-
102
-
accident
1
-
1
-
health
4
-
5
-
total
100
-
112
-
Corporate
66
700
-
-
income
13
140
-
-
total
13
140
-
-
Dividends

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

40
420
-
-
national
-
5
-
-
municipal
7
76
-
-
total
7
81
-
-
Income
700
700
700
700
Total tax
264
221
277
174
After tax
436
479
423
526
Living cost
389
389
389
389
Free-cash
47
90
34
137

Estimated living cost  is €389 per week

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

Additional information

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

Brussels , Belgium
-€76
-€10
€24
-€236
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
-
-
-
700
national
-
-
-
213
social contributions
-
-
-
92
communal

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

-
-
-
36
total
-
-
-
341
Employee

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

725
-
542
-
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
-
25
-
communal

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

38
-
28
-
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
-
5
-
national
223
-
151
-
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
-
41
-
total
355
-
250
-
Employer

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

725
-
542
-
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
-
8
-
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
-
48
-
surtax
82
-
61
-
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
-
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
-
33
-
total
211
-
157
-
Corporate
-
700
-
-
income
-
140
-
-
surtax
-
3
-
-
total
-
143
-
-
Dividends
-
557
-
-
withholding

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

-
163
-
-
total
-
163
-
-
Income
700
700
700
700
Total tax
566
306
407
341
After tax
134
394
293
359
Living cost
370
370
370
370
Free-cash
-236
24
-76
-10

Estimated living cost  is €370 per week

€238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
-€44
-€68
-€35
-€81
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
-
-
-
700
municipal
-
-
-
148
national
-
-
-
-
health
-
-
-
44
accident
-
-
-
1
unemployment
-
-
-
1
pensions
-
-
-
76
other
-
-
-
81
total
-
-
-
351
Employee
594
-
533
-
national
-
-
-
-
municipal
177
-
159
-
total
177
-
159
-
Employer
594
-
533
-
unemployment
16
-
14
-
pensions
64
-
58
-
other
69
-
62
-
accident
1
-
1
-
health
37
-
33
-
total
187
-
168
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
withholding
-
164
-
-
total
-
164
-
-
Income
700
700
700
700
Total tax
364
318
327
351
After tax
336
382
373
349
Living cost
417
417
417
417
Free-cash
-81
-35
-44
-68

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
Oslo , Norway
€97
€22
-€36
-€896
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
-
-
-
700
income
-
-
-
136
social contributions
-
-
-
80
total
-
-
-
216
Employee
663
-
-
-
income
146
-
-
-
social contributions
54
-
8
-
total
200
-
8
-
Employer
663
-
-
-
social contributions
934
-
133
-
total
934
-
133
-
Corporate
-
700
-
-
income
-
154
-
-
total
-
154
-
-
Dividends
-
546
-
-
income
-
120
-
-
total
-
120
-
-
Income
700
700
700
700
Total tax
1 134
274
141
216
After tax
-434
426
559
484
Living cost
462
462
462
462
Free-cash
-896
-36
97
22

Estimated living cost  is €462 per week

€300
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.
€113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
€166
€203
€142
€143
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
-
-
-
700
income
-
-
-
41
social contributions
-
-
-
109
health
-
-
-
18
total
-
-
-
168
Employee
779
779
779
-
income
82
72
76
-
social contributions
38
65
53
-
health
8
13
11
-
total
128
150
140
-
Employer
779
779
779
-
social contributions
38
65
53
-
health
8
14
12
-
total
46
79
65
-
Corporate
198
-
-
-
income
25
-
-
-
total
25
-
-
-
Dividends
173
-
-
-
withholding
29
-
-
-
total
29
-
-
-
Income
700
700
700
700
Total tax
228
229
205
168
After tax
472
471
495
532
Living cost
329
329
329
329
Free-cash
143
142
166
203

Estimated living cost  is €329 per week

€225
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
€78
€153
€154
€98
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
-
-
-
700
income
-
-
-
131
pensions
-
-
-
46
total
-
-
-
177
Employee
508
-
621
-
income
92
-
112
-
health
7
-
9
-
pensions
39
-
52
-
total
138
-
173
-
Employer
508
-
621
-
pensions
51
-
67
-
health
10
-
12
-
total
61
-
79
-
Corporate
131
700
-
-
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.

25
133
-
-
total
25
133
-
-
Dividends
106
567
-
-
withholding
8
43
-
-
total
8
43
-
-
Income
700
700
700
700
Total tax
232
176
252
177
After tax
468
524
448
523
Living cost
370
370
370
370
Free-cash
98
154
78
153

Estimated living cost  is €370 per week

€254
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.

Rome , Italy
-€68
-€29
-€36
-€154
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
-
-
-
700
municipal
-
-
-
5
regional
-
-
-
11
national
-
-
-
129
social contributions
-
-
-
180
total
-
-
-
325
Employee
854
-
700
-
regional
13
-
10
-
social contributions
288
-
236
-
national
144
-
114
-
municipal
5
-
4
-
total
450
-
364
-
Employer
854
-
700
-
total
-
-
-
-
Corporate
-
700
-
-
nationa
-
168
-
-
municipal
-
34
-
-
total
-
202
-
-
Dividends
-
498
-
-
withholding
-
130
-
-
total
-
130
-
-
Income
700
700
700
700
Total tax
450
332
364
325
After tax
250
368
336
375
Living cost
404
404
404
404
Free-cash
-154
-36
-68
-29

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
€145
€270
-€155
€23
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
-
-
-
700
income
-
-
-
151
health
-
-
-
21
accident
-
-
-
2
pensions
-
-
-
40
other
-
-
-
4
total
-
-
-
218
Employee
333
-
581
-
income
46
-
92
-
health
38
-
67
-
pensions
38
-
65
-
total
122
-
224
-
Employer
333
-
581
-
unemployment
8
-
14
-
pensions
54
-
95
-
accident
6
-
10
-
total
68
-
119
-
Corporate
299
700
-
-
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.

269
630
-
-
total
269
630
-
-
Dividends
30
70
-
-
withholding
6
13
-
-
total
6
13
-
-
Income
700
700
700
700
Total tax
465
643
343
218
After tax
235
57
357
482
Living cost
212
212
212
212
Free-cash
23
-155
145
270

Estimated living cost  is €212 per week

€155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
€135
€102
-€29
€104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
700
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.

-
-
-
100
health

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

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

-
-
-
69
trade
-
-
-
33
surtax

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

-
-
-
5
total
-
-
-
207
Employee

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

504
-
700
-
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
-
100
-
health

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

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

69
-
69
-
surtax

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

2
-
5
-
total
112
-
174
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
196
700
-
-
chamber of commerce
2
3
-
-
income
29
105
-
-
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
6
-
-
trade
28
100
-
-
total
61
214
-
-
Dividends
135
486
-
-
withholding
30
118
-
-
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
6
-
-
total
32
124
-
-
Income
700
700
700
700
Total tax
205
338
174
207
After tax
495
362
526
493
Living cost
391
391
391
391
Free-cash
104
-29
135
102

Estimated living cost  is €391 per week

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

Additional information

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

Riga , Latvia
€187
€352
€349
€265
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.

-
-
-
700
microenterprise
-
-
-
105
income
-
-
-
-
social contributions

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

-
-
-
32
surtax
-
-
-
-
total
-
-
-
137
Employee
296
-
564
-
income
53
-
104
-
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
-
62
-
surtax
-
-
-
-
total
86
-
166
-
Employer
296
-
564
-
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
-
136
-
surtax
-
-
-
-
total
71
-
136
-
Corporate
333
700
-
-
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%.

67
140
-
-
total
67
140
-
-
Dividends

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

266
560
-
-
total
-
-
-
-
Income
700
700
700
700
Total tax
224
140
302
137
After tax
476
560
398
563
Living cost
211
211
211
211
Free-cash
265
349
187
352

Estimated living cost  is €211 per week

€134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
€237
€247
€306
€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
-
-
-
700
income
-
-
-
157
health
-
-
-
69
pensions
-
-
-
96
total
-
-
-
322
Employee
200
-
592
-
income
39
-
152
-
health
10
-
24
-
unemployment
2
-
5
-
pensions
18
-
43
-
total
69
-
224
-
Employer
200
-
592
-
unemployment
4
-
10
-
pensions
22
-
53
-
health
19
-
45
-
total
45
-
108
-
Corporate
455
700
-
-
income
100
154
-
-
total
100
154
-
-
Dividends
355
546
-
-
withholding
71
109
-
-
total
71
109
-
-
Income
700
700
700
700
Total tax
285
263
332
322
After tax
415
437
368
378
Living cost
131
131
131
131
Free-cash
284
306
237
247

Estimated living cost  is €131 per week

€78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
€143
€157
€212
€178
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
-
-
-
700
income
-
-
-
113
health
-
-
-
50
unemployment
-
-
-
2
surtax
-
-
-
10
pensions
-
-
-
140
other
-
-
-
-
total
-
-
-
315
Employee
341
-
578
-
other
-
-
-
-
income
57
-
106
-
health
9
-
15
-
unemployment
24
-
40
-
surtax
1
-
8
-
pensions
23
-
39
-
total
114
-
208
-
Employer
341
-
578
-
unemployment
11
-
18
-
pensions
46
-
77
-
other
-
-
-
-
health
16
-
26
-
total
73
-
121
-
Corporate
287
700
-
-
income
75
182
-
-
total
75
182
-
-
Dividends
212
518
-
-
withholding
32
78
-
-
total
32
78
-
-
Income
700
700
700
700
Total tax
294
260
329
315
After tax
406
440
371
385
Living cost
228
228
228
228
Free-cash
178
212
143
157

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.
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Graz , Austria
-€71
€56
€76
€72
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
-
-
-
700
income
-
-
-
72
chamber of commerce
-
-
-
3
health
-
-
-
54
unemployment
-
-
-
62
surtax
-
-
-
-
pensions
-
-
-
130
total
-
-
-
321
Employee
443
404
544
-
other
4
4
5
-
income
39
30
68
-
health
17
16
21
-
unemployment
13
12
16
-
pensions
45
41
56
-
total
118
103
166
-
Employer
443
404
544
-
unemployment
13
12
16
-
chamber of commerce
2
2
2
-
pensions
56
51
68
-
payroll
13
12
16
-
other
21
19
26
-
surtax
-
-
-