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
€ 750
per

Your estimated
City
free-cash

Dresden , Germany
€252
€208
€73
€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

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

-
-
-
750
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.

-
-
-
116
health

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

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

-
-
-
69
surtax

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

-
-
-
6
trade
-
-
-
44
total
-
-
-
235
Employee

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

388
-
750
-
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
-
116
-
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
-
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
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
362
750
-
-
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
-
-
income
54
112
-
-
chamber of commerce
2
3
-
-
trade
57
118
-
-
total
116
239
-
-
Dividends
246
511
-
-
withholding
58
124
-
-
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
7
-
-
total
61
131
-
-
Income
750
750
750
750
Total tax
258
370
191
235
After tax
492
380
559
515
Living cost
307
307
307
307
Free-cash
185
73
252
208

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
-€78
-€84
-€79
-€175
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
-
-
-
750
social contributions
-
-
-
8
national
-
-
-
115
pensions
-
-
-
90
municipal
-
-
-
74
total
-
-
-
287
Employee
849
-
648
-
municipal
105
-
77
-
national
162
-
119
-
pensions
34
-
26
-
total
301
-
222
-
Employer
849
-
648
-
pensions
68
-
52
-
social contributions
9
-
7
-
total
77
-
59
-
Corporate
-
750
-
-
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%.

-
150
-
-
total
-
150
-
-
Dividends
-
600
-
-
withholding
-
132
-
-
total
-
132
-
-
Income
750
750
750
750
Total tax
378
282
281
287
After tax
372
468
469
463
Living cost
547
547
547
547
Free-cash
-175
-79
-78
-84

Estimated living cost  is €547 per week

€372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€51
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.
€116
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
€215
€395
€389
€305
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.

-
-
-
750
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
-
-
-
-
microenterprise
-
-
-
112
surtax
-
-
-
-
total
-
-
-
144
Employee
296
-
604
-
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
-
66
-
income
53
-
112
-
surtax
-
-
-
-
total
86
-
178
-
Employer
296
-
604
-
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
-
146
-
total
71
-
146
-
Corporate
383
750
-
-
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%.

77
150
-
-
total
77
150
-
-
Dividends

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

306
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
234
150
324
144
After tax
516
600
426
606
Living cost
211
211
211
211
Free-cash
305
389
215
395

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
-€257
€2
-€200
-€257
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
-
-
-
750
income
-
-
-
98
health
-
-
-
106
pensions
-
-
-
119
total
-
-
-
323
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
750
750
750
750
Total tax
582
525
582
323
After tax
168
225
168
427
Living cost
425
425
425
425
Free-cash
-257
-200
-257
2

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
-€8
-€35
€0
-€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
-
-
-
750
accident
-
-
-
1
national
-
-
-
-
health
-
-
-
47
unemployment
-
-
-
1
other
-
-
-
87
pensions
-
-
-
81
municipal
-
-
-
159
total
-
-
-
376
Employee
583
-
571
-
municipal
174
-
170
-
national
-
-
-
-
total
174
-
170
-
Employer
583
-
571
-
other
68
-
66
-
unemployment
15
-
15
-
pensions
63
-
62
-
health
36
-
35
-
accident
1
-
1
-
total
183
-
179
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
withholding
-
176
-
-
total
-
176
-
-
Income
750
750
750
750
Total tax
357
341
349
376
After tax
393
409
401
374
Living cost
409
409
409
409
Free-cash
-16
-
-8
-35

Estimated living cost  is €409 per week

€271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
€161
€115
-€21
€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

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

-
-
-
750
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.

-
-
-
116
health

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

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

-
-
-
69
surtax

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

-
-
-
6
trade
-
-
-
46
total
-
-
-
237
Employee

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

514
-
750
-
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
-
116
-
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
-
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
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
236
750
-
-
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
-
-
income
35
112
-
-
chamber of commerce
2
3
-
-
trade
39
123
-
-
total
78
244
-
-
Dividends
158
505
-
-
withholding
36
122
-
-
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
7
-
-
total
38
129
-
-
Income
750
750
750
750
Total tax
231
373
191
237
After tax
519
377
559
513
Living cost
398
398
398
398
Free-cash
121
-21
161
115

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
€207
€233
€192
€179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
117
income
-
-
-
52
health
-
-
-
19
total
-
-
-
188
Employee
779
779
779
-
social contributions
38
65
57
-
income
82
72
75
-
health
8
13
12
-
total
128
150
144
-
Employer
779
779
779
-
health
8
14
13
-
social contributions
38
65
57
-
total
46
79
70
-
Corporate
248
-
-
-
income
31
-
-
-
total
31
-
-
-
Dividends
217
-
-
-
withholding
37
-
-
-
total
37
-
-
-
Income
750
750
750
750
Total tax
242
229
214
188
After tax
508
521
536
562
Living cost
329
329
329
329
Free-cash
179
192
207
233

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
€236
€321
€225
€229
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
-
-
-
750
income
-
-
-
92
health
-
-
-
52
unemployment
-
-
-
11
pensions
-
-
-
75
total
-
-
-
230
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.

287
114
628
-
income
35
14
77
-
health
20
8
44
-
pensions
29
11
63
-
unemployment
4
2
9
-
total
88
35
193
-
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.

287
114
628
-
pensions
56
22
122
-
total
56
22
122
-
Corporate
406
613
-
-
income
37
55
-
-
total
37
55
-
-
Dividends
370
558
-
-
withholding
70
106
-
-
social contributions
71
108
-
-
total
141
214
-
-
Income
750
750
750
750
Total tax
322
326
315
230
After tax
428
424
435
520
Living cost
199
199
199
199
Free-cash
229
225
236
321

Estimated living cost  is €199 per week

€136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
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

Source of data for Budapest model

Close
Tallinn , Estonia
€188
€157
€355
€292
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
-
-
-
750
income
-
-
-
100
health
-
-
-
98
pensions
-
-
-
150
total
-
-
-
348
Employee
287
-
561
-
income
32
-
108
-
pensions
6
-
11
-
unemployment
5
-
9
-
total
43
-
128
-
Employer
287
-
561
-
unemployment
2
-
4
-
pensions
58
-
112
-
health
37
-
73
-
total
97
-
189
-
Corporate
365
750
-
-
income
73
150
-
-
total
73
150
-
-
Dividends
292
600
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
213
150
317
348
After tax
537
600
433
402
Living cost
245
245
245
245
Free-cash
292
355
188
157

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
€160
€293
-€162
€26
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
3
income
-
-
-
163
health
-
-
-
22
other
-
-
-
4
pensions
-
-
-
42
total
-
-
-
234
Employee
350
-
623
-
income
48
-
100
-
health
40
-
71
-
pensions
39
-
70
-
total
127
-
241
-
Employer
350
-
623
-
unemployment
9
-
15
-
pensions
57
-
101
-
accident
6
-
10
-
total
72
-
126
-
Corporate
328
750
-
-
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.

296
675
-
-
total
296
675
-
-
Dividends
33
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
501
689
367
234
After tax
249
61
383
516
Living cost
223
223
223
223
Free-cash
26
-162
160
293

Estimated living cost  is €223 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€514
€657
€627
€610
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%.

-
-
-
750
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
108
-
750
-
income
22
-
150
-
total
22
-
150
-
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%.

642
750
-
-
total
-
-
-
-
Dividends
642
750
-
-
withholding
32
37
-
-
total
32
37
-
-
Income
750
750
750
750
Total tax
54
37
150
7
After tax
696
713
600
743
Living cost
86
86
86
86
Free-cash
610
627
514
657

Estimated living cost  is €86 per week

€54
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
€170
€136
€281
€212
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
-
-
-
750
income
-
-
-
95
health
-
-
-
33
other
-
-
-
36
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.

-
-
-
180
total
-
-
-
344
Employee
368
-
599
-
income
63
-
103
-
health
5
-
8
-
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
-
42
-
unemployment
4
-
6
-
total
98
-
159
-
Employer
368
-
599
-
other
18
-
30
-
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
-
102
-
health
5
-
8
-
accident
3
-
5
-
total
93
-
151
-
Corporate
289
750
-
-
income
61
158
-
-
total
61
158
-
-
Dividends
229
592
-
-
withholding
16
41
-
-
total
16
41
-
-
Income
750
750
750
750
Total tax
268
199
310
344
After tax
482
551
440
406
Living cost
270
270
270
270
Free-cash
212
281
170
136

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
-€204
-€122
-€120
-€346
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
-
-
-
750
income
-
-
-
140
pensions
-
-
-
51
total
-
-
-
191
Employee
963
-
665
-
income
174
-
120
-
health
16
-
10
-
pensions
93
-
57
-
total
283
-
187
-
Employer
963
-
665
-
pensions
114
-
73
-
health
18
-
13
-
total
132
-
86
-
Corporate
-
750
-
-
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.

-
143
-
-
total
-
143
-
-
Dividends
-
607
-
-
withholding
-
46
-
-
total
-
46
-
-
Income
750
750
750
750
Total tax
415
189
273
191
After tax
335
561
477
559
Living cost
681
681
681
681
Free-cash
-346
-120
-204
-122

Estimated living cost  is €681 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€430
€413
€509
€464
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
-
-
-
750
income
-
-
-
112
health
-
-
-
40
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
205
Employee
174
-
681
-
income
17
-
68
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
health
8
-
16
-
pensions

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

15
-
31
-
total
42
-
119
-
Employer
174
-
681
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
total
34
-
69
-
Corporate
542
750
-
-
income
54
75
-
-
total
54
75
-
-
Dividends
487
675
-
-
withholding
24
34
-
-
total
24
34
-
-
Income
750
750
750
750
Total tax
154
109
188
205
After tax
596
641
562
545
Living cost
132
132
132
132
Free-cash
464
509
430
413

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
-€394
-€135
-€337
-€354
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
-
-
-
750
income
-
-
-
98
health
-
-
-
106
pensions
-
-
-
119
total
-
-
-
323
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
-
health
117
113
133
-
pensions
119
119
156
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
pensions
65
60
60
-
health
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
542
525
582
323
After tax
208
225
168
427
Living cost
562
562
562
562
Free-cash
-354
-337
-394
-135

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
€128
€113
€264
€173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
219
income
-
-
-
64
health
-
-
-
101
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
372
-
560
-
social contributions
24
-
36
-
income
45
-
67
-
health
50
-
76
-
solidarity contribution
-
-
-
-
total
119
-
179
-
Employer
372
-
560
-
health
33
-
50
-
social contributions
93
-
140
-
total
126
-
190
-
Corporate
251
750
-
-
income
48
142
-
-
total
48
142
-
-
Dividends
204
608
-
-
withholding
31
91
-
-
total
31
91
-
-
Income
750
750
750
750
Total tax
324
233
369
384
After tax
426
517
381
366
Living cost
253
253
253
253
Free-cash
173
264
128
113

Estimated living cost  is €253 per week

€176
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
-€65
-€24
-€28
-€151
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
-
-
-
750
social contributions
-
-
-
193
national
-
-
-
141
regional
-
-
-
8
municipal
-
-
-
4
total
-
-
-
346
Employee
901
-
750
-
social contributions
304
-
253
-
municipal
5
-
4
-
regional
8
-
7
-
national
156
-
123
-
total
473
-
387
-
Employer
901
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
nationa
-
180
-
-
municipal
-
29
-
-
total
-
209
-
-
Dividends
-
541
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
750
750
750
750
Total tax
473
350
387
346
After tax
277
400
363
404
Living cost
428
428
428
428
Free-cash
-151
-28
-65
-24

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
€169
€187
€248
€216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
123
health
-
-
-
53
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
150
surtax
-
-
-
11
total
-
-
-
339
Employee
335
-
620
-
income
56
-
116
-
surtax
1
-
10
-
health
9
-
16
-
pensions
22
-
41
-
unemployment
23
-
43
-
other
-
-
-
-
total
111
-
226
-
Employer
335
-
620
-
other
-
-
-
-
unemployment
11
-
20
-
pensions
45
-
83
-
health
15
-
28
-
total
71
-
131
-
Corporate
344
750
-
-
income
90
195
-
-
total
90
195
-
-
Dividends
255
555
-
-
withholding
38
83
-
-
total
38
83
-
-
Income
750
750
750
750
Total tax
310
278
357
339
After tax
440
472
393
411
Living cost
224
224
224
224
Free-cash
216
248
169
187

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
€12
€94
€96
€18
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
140
pensions
-
-
-
51
total
-
-
-
191
Employee
645
-
665
-
income
116
-
120
-
health
9
-
10
-
pensions
55
-
57
-
total
180
-
187
-
Employer
645
-
665
-
pensions
70
-
73
-
health
12
-
13
-
total
82
-
86
-
Corporate
23
750
-
-
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.

4
143
-
-
total
4
143
-
-
Dividends
18
607
-
-
withholding
1
46
-
-
total
1
46
-
-
Income
750
750
750
750
Total tax
267
189
273
191
After tax
483
561
477
559
Living cost
465
465
465
465
Free-cash
18
96
12
94

Estimated living cost  is €465 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€201
-€164
-€454
-€269
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
-
-
-
750
city
-
-
-
8
health
-
-
-
3
national
-
-
-
3
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.

-
-
-
15
pensions
-
-
-
69
regional
-
-
-
20
total
-
-
-
118
Employee
931
-
671
-
regional
30
-
17
-
health
2
-
2
-
national
4
-
2
-
pensions
78
-
56
-
unemployment
-
-
-
-
city
10
-
7
-
total
124
-
84
-
Employer
931
-
671
-
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
-
13
-
unemployment
-
-
-
-
pensions
78
-
56
-
health
2
-
2
-
total
99
-
71
-
Corporate
-
750
-
-
regional
-
159
-
-
national
-
64
-
-
total
-
223
-
-
Dividends
-
528
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
750
750
750
750
Total tax
223
408
155
118
After tax
527
342
595
632
Living cost
796
796
796
796
Free-cash
-269
-454
-201
-164

Estimated living cost  is €796 per week

€517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€71
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.
€197
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
€95
€47
-€92
€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

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

-
-
-
750
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.

-
-
-
116
health

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

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

-
-
-
69
surtax

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

-
-
-
6
trade
-
-
-
48
total
-
-
-
239
Employee

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

609
-
750
-
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
-
116
-
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
-
6
-
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
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
141
750
-
-
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
-
-
income
21
112
-
-
chamber of commerce
2
3
-
-
trade
24
129
-
-
total
48
250
-
-
Dividends
93
500
-
-
withholding
19
121
-
-
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
7
-
-
total
20
128
-
-
Income
750
750
750
750
Total tax
213
378
191
239
After tax
537
372
559
511
Living cost
464
464
464
464
Free-cash
73
-92
95
47

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
€101
€100
€31
€91
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
-
-
-
750
social contributions
-
-
-
21
income
-
-
-
42
health
-
-
-
6
other
-
-
-
23
pensions
-
-
-
211
surtax
-
-
-
-
total
-
-
-
303
Employee
434
-
572
-
social contributions
12
-
16
-
income
26
-
42
-
surtax
-
-
-
-
pensions
49
-
65
-
total
87
-
123
-
Employer
434
-
572
-
other
15
-
20
-
unemployment
18
-
23
-
pensions
71
-
94
-
health
30
-
40
-
social contributions
1
-
2
-
total
135
-
179
-
Corporate
181
750
-
-
surtax
-
-
-
-
income
51
210
-
-
total
51
210
-
-
Dividends
130
540
-
-
withholding
17
69
-
-
surtax
-
-
-
-
social contributions
22
93
-
-
total
39
162
-
-
Income
750
750
750
750
Total tax
312
372
302
303
After tax
438
378
448
447
Living cost
347
347
347
347
Free-cash
91
31
101
100

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
€136
€135
€66
€122
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
-
-
-
750
social contributions
-
-
-
21
income
-
-
-
42
health
-
-
-
6
other
-
-
-
23
pensions
-
-
-
211
surtax
-
-
-
-
total
-
-
-
303
Employee
387
-
572
-
social contributions
11
-
16
-
income
20
-
42
-
surtax
-
-
-
-
pensions
44
-
65
-
total
75
-
123
-
Employer
387
-
572
-
other
13
-
20
-
unemployment
16
-
23
-
pensions
64
-
94
-
health
27
-
40
-
social contributions
1
-
2
-
total
121
-
179
-
Corporate
242
750
-
-
surtax
-
-
-
-
income
68
210
-
-
total
68
210
-
-
Dividends
174
540
-
-
withholding
22
69
-
-
surtax
-
-
-
-
social contributions
30
93
-
-
total
52
162
-
-
Income
750
750
750
750
Total tax
316
372
302
303
After tax
434
378
448
447
Living cost
312
312
312
312
Free-cash
122
66
136
135

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
€281
€267
€242
€249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
104
income
-
-
-
112
health
-
-
-
52
total
-
-
-
268
Employee
344
-
750
-
social contributions
47
-
104
-
income
57
-
98
-
health
24
-
52
-
total
128
-
254
-
Employer
344
-
750
-
total
-
-
-
-
Corporate
406
750
-
-
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%.

20
38
-
-
total
20
38
-
-
Dividends
386
712
-
-
health
27
50
-
-
withholding
58
107
-
-
social contributions
53
98
-
-
total
138
255
-
-
Income
750
750
750
750
Total tax
286
293
254
268
After tax
464
457
496
482
Living cost
215
215
215
215
Free-cash
249
242
281
267

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
-€95
€45
€68
€51
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
85
health
-
-
-
57
unemployment
-
-
-
62
pensions
-
-
-
139
surtax
-
-
-
2
chamber of commerce
-
-
-
3
total
-
-
-
348
Employee
506
404
581
-
income
58
30
79
-
health
20
16
22
-
pensions
52
41
59
-
unemployment
15
12
17
-
other
5
4
6
-
total
150
103
183
-
Employer
506
404
581
-
other
24
19
28
-
surtax
2
2
2
-
unemployment
15
12
17
-
pensions
64
51
73
-
payroll
15
12
17
-
health
19
15
22
-
accident
7
5
8
-
chamber of commerce
2
2
2
-
total
148
118
169
-
Corporate
96
228
542
-
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.

24
57
136
-
total
24
57
136
-
Dividends
72
171
-
-
withholding
20
47
-
-
total
20
47
-
-
Income
750
750
750
750
Total tax
342
325
488
348
After tax
408
425
262
402
Living cost
357
357
357
357
Free-cash
51
68
-95
45

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
-€62
€8
€52
-€186
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
-
-
-
750
social contributions
-
-
-
103
national
-
-
-
231
communal

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

-
-
-
39
total
-
-
-
373
Employee

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

725
-
581
-
communal

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

38
-
30
-
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
-
27
-
national
223
-
167
-
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
-
44
-
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
-
total
355
-
273
-
Employer

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

725
-
581
-
surtax
82
-
66
-
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
-
51
-
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
-
36
-
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
-
8
-
total
211
-
169
-
Corporate
-
750
-
-
surtax
-
3
-
-
income
-
150
-
-
total
-
153
-
-
Dividends
-
597
-
-
withholding

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

-
175
-
-
total
-
175
-
-
Income
750
750
750
750
Total tax
566
328
442
373
After tax
184
422
308
377
Living cost
370
370
370
370
Free-cash
-186
52
-62
8

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
€42
€37
€140
€58
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
-
-
-
750
accident
-
-
-
7
income
-
-
-
122
unemployment
-
-
-
5
other
-
-
-
1
pensions
-
-
-
212
total
-
-
-
347
Employee
504
-
569
-
income
106
-
124
-
pensions
24
-
27
-
unemployment
8
-
9
-
other
-
-
1
-
total
138
-
161
-
Employer
504
-
569
-
other
4
-
5
-
unemployment
28
-
31
-
pensions
119
-
134
-
accident
10
-
11
-
total
161
-
181
-
Corporate
85
750
-
-
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.

13
112
-
-
total
13
112
-
-
Dividends
72
638
-
-
withholding
14
132
-
-
total
14
132
-
-
Income
750
750
750
750
Total tax
326
244
342
347
After tax
424
506
408
403
Living cost
366
366
366
366
Free-cash
58
140
42
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
-€58
-€72
-€85
-€108
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
-
-
-
750
accident
-
-
-
7
income
-
-
-
48
health
-
-
-
56
communal
-
-
-
-
pensions
-
-
-
120
surtax
-
-
-
40
total
-
-
-
271
Employee
767
-
670
-
income
74
-
52
-
surtax
47
-
41
-
health
34
-
30
-
pensions
61
-
54
-
total
216
-
177
-
Employer
767
-
670
-
pensions
61
-
54
-
health
23
-
20
-
accident
7
-
6
-
total
91
-
80
-
Corporate
-
750
-
-
surtax
-
8
-
-
income
-
112
-
-
communal
-
51
-
-
total
-
171
-
-
Dividends
-
579
-
-
withholding
-
87
-
-
income
-
26
-
-
total
-
113
-
-
Income
750
750
750
750
Total tax
307
284
257
271
After tax
443
466
493
479
Living cost
551
551
551
551
Free-cash
-108
-85
-58
-72

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
€165
€183
€244
€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
-
-
-
750
income
-
-
-
123
health
-
-
-
53
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
150
surtax
-
-
-
11
total
-
-
-
339
Employee
341
-
620
-
income
57
-
116
-
surtax
1
-
10
-
health
9
-
16
-
pensions
23
-
41
-
unemployment
24
-
43
-
other
-
-
-
-
total
114
-
226
-
Employer
341
-
620
-
other
-
-
-
-
unemployment
11
-
20
-
pensions
46
-
83
-
health
16
-
28
-
total
73
-
131
-
Corporate
337
750
-
-
income
88
195
-
-
total
88
195
-
-
Dividends
249
555
-
-
withholding
37
83
-
-
total
37
83
-
-
Income
750
750
750
750
Total tax
312
278
357
339
After tax
438
472
393
411
Living cost
228
228
228
228
Free-cash
210
244
165
183

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
€87
€128
€121
€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
-
-
-
750
social contributions
-
-
-
193
national
-
-
-
141
regional
-
-
-
11
municipal
-
-
-
4
total
-
-
-
349
Employee
562
-
750
-
social contributions
190
-
253
-
municipal
3
-
4
-
regional
8
-
10
-
national
89
-
123
-
total
290
-
390
-
Employer
562
-
750
-
total
-
-
-
-
Corporate
188
750
-
-
nationa
45
180
-
-
municipal
9
37
-
-
total
54
217
-
-
Dividends
133
533
-
-
withholding
35
139
-
-
total
35
139
-
-
Income
750
750
750
750
Total tax
379
356
390
349
After tax
371
394
360
401
Living cost
273
273
273
273
Free-cash
98
121
87
128

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
€69
€54
€205
€93
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
-
-
-
750
social contributions
-
-
-
219
income
-
-
-
64
health
-
-
-
101
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
458
-
560
-
social contributions
30
-
36
-
income
55
-
67
-
health
62
-
76
-
solidarity contribution
-
-
-
-
total
147
-
179
-
Employer
458
-
560
-
health
41
-
50
-
social contributions
115
-
140
-
total
156
-
190
-
Corporate
136
750
-
-
income
26
142
-
-
total
26
142
-
-
Dividends
110
608
-
-
withholding
16
91
-
-
total
16
91
-
-
Income
750
750
750
750
Total tax
345
233
369
384
After tax
405
517
381
366
Living cost
312
312
312
312
Free-cash
93
205
69
54

Estimated living cost  is €312 per week

€232
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.
€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 Prague model

Close
Graz , Austria
-€61
€81
€104
€99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
85
health
-
-
-
57
unemployment
-
-
-
62
pensions
-
-
-
139
surtax
-
-
-
-
chamber of commerce
-
-
-
3
total
-
-
-
346
Employee
443
404
582
-
income
39
30
79
-
health
17
16
23
-
pensions
45
41
60
-
unemployment
13
12
17
-
other
4
4
6
-
total
118
103
185
-
Employer
443
404
582
-
other
21
19
28
-
surtax
-
-
-
-
unemployment
13
12
17
-
pensions
56
51
73
-
payroll
13
12
17
-
health
17
15
22
-
accident
6
5
8
-
chamber of commerce
2
2
2
-
total
128
116
167
-
Corporate
180
230
544
-
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.

45
57
136
-
total
45
57
136
-
Dividends
135
172
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
750
750
750
750
Total tax
328
323
488
346
After tax
422
427
262
404
Living cost
323
323
323
323
Free-cash
99
104
-61
81

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
€465
€608
€578
€552
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%.

-
-
-
750
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
168
-
750
-
income
34
-
150
-
total
34
-
150
-
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%.

582
750
-
-
total
-
-
-
-
Dividends
582
750
-
-
withholding
29
37
-
-
total
29
37
-
-
Income
750
750
750
750
Total tax
63
37
150
7
After tax
687
713
600
743
Living cost
135
135
135
135
Free-cash
552
578
465
608

Estimated living cost  is €135 per week

€91
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€107
€127
€245
€160
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.

-
-
-
750
income
-
-
-
139
health
-
-
-
74
unemployment
-
-
-
1
pensions
-
-
-
137
total
-
-
-
351
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
-
649
-
income
77
-
127
-
health
29
-
42
-
pensions
69
-
101
-
unemployment
1
-
1
-
total
176
-
271
-
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
-
649
-
unemployment
-
-
-
-
pensions
40
-
57
-
health
30
-
43
-
total
70
-
100
-
Corporate
232
750
-
-
income
44
142
-
-
total
44
142
-
-
Dividends
188
608
-
-
withholding
28
91
-
-
total
28
91
-
-
Income
750
750
750
750
Total tax
318
233
371
351
After tax
432
517
379
399
Living cost
272
272
272
272
Free-cash
160
245
107
127

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
€124
€39
-€24
-€909
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
-
-
-
750
social contributions
-
-
-
85
income
-
-
-
146
total
-
-
-
231
Employee
689
-
-
-
social contributions
56
-
8
-
income
152
-
-
-
total
208
-
8
-
Employer
689
-
-
-
social contributions
971
-
138
-
total
971
-
138
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
1 179
294
146
231
After tax
-429
456
604
519
Living cost
480
480
480
480
Free-cash
-909
-24
124
39

Estimated living cost  is €480 per week

€312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
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.
€117
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
€79
€108
€108
€99
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
750
social contributions

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

-
-
-
261
income
-
-
-
63
surtax
-
-
-
-
total
-
-
-
324
Employee
466
-
606
-
social contributions
51
-
67
-
income
97
-
142
-
surtax
-
-
-
-
total
148
-
209
-
Employer
466
-
606
-
social contributions
111
-
144
-
total
111
-
144
-
Corporate
173
750
-
-
surtax
-
-
-
-
income
36
158
-
-
total
36
158
-
-
Dividends
137
592
-
-
withholding
38
166
-
-
total
38
166
-
-
Income
750
750
750
750
Total tax
333
324
353
324
After tax
417
426
397
426
Living cost
318
318
318
318
Free-cash
99
108
79
108

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
-€41
-€42
-€111
-€82
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
-
-
-
750
social contributions
-
-
-
21
income
-
-
-
42
health
-
-
-
6
other
-
-
-
23
pensions
-
-
-
211
surtax
-
-
-
-
total
-
-
-
303
Employee
635
-
572
-
social contributions
18
-
16
-
income
55
-
42
-
surtax
-
-
-
-
pensions
72
-
65
-
total
145
-
123
-
Employer
635
-
572
-
other
22
-
20
-
unemployment
26
-
23
-
pensions
104
-
94
-
health
44
-
40
-
social contributions
2
-
2
-
total
198
-
179
-
Corporate
-
750
-
-
surtax
-
-
-
-
income
-
210
-
-
total
-
210
-
-
Dividends
-
540
-
-
withholding
-
69
-
-
surtax
-
-
-
-
social contributions
-
93
-
-
total
-
162
-
-
Income
750
750
750
750
Total tax
343
372
302
303
After tax
407
378
448
447
Living cost
489
489
489
489
Free-cash
-82
-111
-41
-42

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
€295
€274
€370
€337
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
-
-
-
750
income
-
-
-
6
social contributions
-
-
-
165
total
-
-
-
171
Employee
326
-
649
-
social contributions
21
-
42
-
income
-
-
7
-
total
21
-
49
-
Employer
326
-
649
-
social contributions
50
-
101
-
total
50
-
101
-
Corporate
374
750
-
-
income
37
75
-
-
total
37
75
-
-
Dividends
336
675
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
108
75
150
171
After tax
642
675
600
579
Living cost
305
305
305
305
Free-cash
337
370
295
274

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
-€1454
-€11
-€1454
-€1454
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
-
-
-
750
national
-
-
-
76
pensions
-
-
-
9
labour market
-
-
-
59
municipal
-
-
-
130
total
-
-
-
274
Employee
2 056
2 056
2 056
-
municipal
438
438
438
-
national
251
251
251
-
pensions
3
3
3
-
labour market
164
164
164
-
total
856
856
856
-
Employer
2 056
2 056
2 056
-
national
252
252
252
-
pensions
6
6
6
-
labour market
164
164
164
-
municipal
439
439
439
-
total
861
861
861
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
1 717
1 717
1 717
274
After tax
-967
-967
-967
476
Living cost
487
487
487
487
Free-cash
-1 454
-1 454
-1 454
-11

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
€164
€297
-€158
€28
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
accident
-
-
-
3
income
-
-
-
163
health
-
-
-
22
other
-
-
-
4
pensions
-
-
-
42
total
-
-
-
234
Employee
345
-
623
-
income
47
-
100
-
health
40
-
71
-
pensions
39
-
70
-
total
126
-
241
-
Employer
345
-
623
-
unemployment
8
-
15
-
pensions
56
-
101
-
accident
6
-
10
-
total
70
-
126
-
Corporate
335
750
-
-
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.

301
675
-
-
total
301
675
-
-
Dividends
33
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
503
689
367
234
After tax
247
61
383
516
Living cost
219
219
219
219
Free-cash
28
-158
164
297

Estimated living cost  is €219 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
€61
€169
€123
€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

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

-
-
-
750
national
-
-
-
51
health
-
-
-
7
municipal
-
-
-
134
total
-
-
-
192
Employee
533
-
631
-
municipal
87
-
103
-
health
4
-
5
-
national
9
-
21
-
pensions
36
-
43
-
unemployment
8
-
9
-
total
144
-
181
-
Employer
533
-
631
-
unemployment
3
-
4
-
pensions
92
-
109
-
health
4
-
5
-
accident
1
-
1
-
total
100
-
119
-
Corporate
116
750
-
-
income
23
150
-
-
total
23
150
-
-
Dividends

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

70
450
-
-
municipal
13
81
-
-
national
-
7
-
-
total
13
88
-
-
Income
750
750
750
750
Total tax
280
238
300
192
After tax
470
512
450
558
Living cost
389
389
389
389
Free-cash
81
123
61
169

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
€301
€327
€286
€261
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
-
-
-
750
social contributions
-
-
-
117
income
-
-
-
52
health
-
-
-
19
total
-
-
-
188
Employee
779
779
779
-
social contributions
29
65
57
-
income
85
72
75
-
health
6
13
12
-
total
120
150
144
-
Employer
779
779
779
-
health
7
14
13
-
social contributions
29
65
57
-
total
36
79
70
-
Corporate
359
-
-
-
income
45
-
-
-
total
45
-
-
-
Dividends
314
-
-
-
withholding
53
-
-
-
total
53
-
-
-
Income
750
750
750
750
Total tax
254
229
214
188
After tax
496
521
536
562
Living cost
235
235
235
235
Free-cash
261
286
301
327

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
€304
€420
€460
€409
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
-
-
-
750
income
-
-
-
68
health
-
-
-
37
unemployment
-
-
-
-
pensions
-
-
-
64
total
-
-
-
169
Employee

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

233
-
680
-
income
16
-
53
-
health
20
-
58
-
pensions
35
-
102
-
unemployment
1
-
3
-
total
72
-
216
-
Employer

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

233
-
680
-
unemployment
1
-
3
-
pensions
13
-
37
-
health
10
-
29
-
total
24
-
69
-
Corporate
493
750
-
-
income
44
68
-
-
total
44
68
-
-
Dividends
449
682
-
-
withholding
40
61
-
-
total
40
61
-
-
Income
750
750
750
750
Total tax
180
129
285
169
After tax
570
621
465
581
Living cost
161
161
161
161
Free-cash
409
460
304
420

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
€129
€124
€227
€175
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
-
-
-
750
accident
-
-
-
7
income
-
-
-
122
unemployment
-
-
-
5
other
-
-
-
1
pensions
-
-
-
212
total
-
-
-
347
Employee
375
-
569
-
income
72
-
124
-
pensions
18
-
27
-
unemployment
6
-
9
-
other
-
-
1
-
total
96
-
161
-
Employer
375
-
569
-
other
3
-
5
-
unemployment
21
-
31
-
pensions
88
-
134
-
accident
7
-
11
-
total
119
-
181
-
Corporate
256
750
-
-
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.

38
112
-
-
total
38
112
-
-
Dividends
217
638
-
-
withholding
43
132
-
-
total
43
132
-
-
Income
750
750
750
750
Total tax
296
244
342
347
After tax
454
506
408
403
Living cost
279
279
279
279
Free-cash
175
227
129
124

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
€459
€461
€451
€449
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
-
-
-
750
income
-
-
-
251
health
-
-
-
9
pensions
-
-
-
12
total
-
-
-
272
Employee
26
-
736
-
income
5
-
250
-
health
1
-
3
-
pensions
2
-
6
-
unemployment
-
-
1
-
total
8
-
260
-
Employer
26
-
736
-
unemployment
1
-
1
-
pensions
3
-
7
-
health
2
-
6
-
total
6
-
14
-
Corporate
718
750
-
-
income
158
165
-
-
total
158
165
-
-
Dividends
560
585
-
-
withholding
112
117
-
-
total
112
117
-
-
Income
750
750
750
750
Total tax
284
282
274
272
After tax
466
468
476
478
Living cost
17
17
17
17
Free-cash
449
451
459
461

Estimated living cost  is €17 per week

€10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€1
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.
€5
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
€217
€190
€366
€316
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.

-
-
-
750
income
-
-
-
102
health
-
-
-
77
unemployment
-
-
-
11
pensions
-
-
-
195
total
-
-
-
385
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
-
636
-
income
36
-
117
-
health
14
-
33
-
pensions
37
-
89
-
unemployment
2
-
5
-
total
89
-
244
-
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
-
636
-
unemployment
2
-
5
-
pensions
32
-
76
-
health
14
-
33
-
total
48
-
114
-
Corporate
439
750
-
-
income
66
113
-
-
total
66
113
-
-
Dividends
373
637
-
-
withholding
56
96
-
-
total
56
96
-
-
Income
750
750
750
750
Total tax
259
209
358
385
After tax
491
541
392
365
Living cost
175
175
175
175
Free-cash
316
366
217
190

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
€124
€153
€153
€151
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.

-
-
-
750
social contributions

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

-
-
-
261
income
-
-
-
63
surtax
-
-
-
-
total
-
-
-
324
Employee
393
-
606
-
social contributions
43
-
67
-
income
77
-
142
-
surtax
-
-
-
-
total
120
-
209
-
Employer
393
-
606
-
social contributions
93
-
144
-
total
93
-
144
-
Corporate
263
750
-
-
surtax
-
-
-
-
income
55
158
-
-
total
55
158
-
-
Dividends
208
592
-
-
withholding
58
166
-
-
total
58
166
-
-
Income
750
750
750
750
Total tax
326
324
353
324
After tax
424
426
397
426
Living cost
273
273
273
273
Free-cash
151
153
124
153

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
€52
€47
€150
€71
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
-
-
-
750
accident
-
-
-
7
income
-
-
-
122
unemployment
-
-
-
5
other
-
-
-
1
pensions
-
-
-
212
total
-
-
-
347
Employee
489
-
569
-
income
102
-
124
-
pensions
23
-
27
-
unemployment
8
-
9
-
other
-
-
1
-
total
133
-
161
-
Employer
489
-
569
-
other
4
-
5
-
unemployment
27
-
31
-
pensions
116
-
134
-
accident
10
-
11
-
total
157
-
181
-
Corporate
105
750
-
-
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
112
-
-
total
16
112
-
-
Dividends
89
638
-
-
withholding
17
132
-
-
total
17
132
-
-
Income
750
750
750
750
Total tax
323
244
342
347
After tax
427
506
408
403
Living cost
356
356
356
356
Free-cash
71
150
52
47

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
€389
€372
€468
€406
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
-
-
-
750
income
-
-
-
112
health
-
-
-
40
unemployment
-
-
-
1
pensions

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

-
-
-
52
total
-
-
-
205
Employee
229
-
681
-
income
23
-
68
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
11
-
16
-
pensions

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

20
-
31
-
total
57
-
119
-
Employer
229
-
681
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
total
45
-
69
-
Corporate
476
750
-
-
income
48
75
-
-
total
48
75
-
-
Dividends
429
675
-
-
withholding
21
34
-
-
total
21
34
-
-
Income
750
750
750
750
Total tax
171
109
188
205
After tax
579
641
562
545
Living cost
173
173
173
173
Free-cash
406
468
389
372

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
€168
€128
-€3
€130
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.

-
-
-
750
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.

-
-
-
116
health

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

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

-
-
-
69
surtax

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

-
-
-
6
trade
-
-
-
40
total
-
-
-
231
Employee

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

504
-
750
-
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
-
116
-
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
-
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
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
246
750
-
-
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
-
-
income
37
112
-
-
chamber of commerce
2
3
-
-
trade
35
108
-
-
total
76
229
-
-
Dividends
170
521
-
-
withholding
39
126
-
-
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
7
-
-
total
41
133
-
-
Income
750
750
750
750
Total tax
229
362
191
231
After tax
521
388
559
519
Living cost
391
391
391
391
Free-cash
130
-3
168
128

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
-€20
-€20
-€52
-€43
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
-
-
-
750
income
-
-
-
132
social contributions
-
-
-
61
total
-
-
-
193
Employee
793
-
750
-
social contributions
66
-
61
-
income
150
-
132
-
total
216
-
193
-
Employer
793
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
income
-
94
-
-
total
-
94
-
-
Dividends
-
656
-
-
withholding
-
131
-
-
total
-
131
-
-
Income
750
750
750
750
Total tax
216
225
193
193
After tax
534
525
557
557
Living cost
577
577
577
577
Free-cash
-43
-52
-20
-20

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
€178
€32
€66
€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

We use The Residence Programme or The Global Residence Programme.

-
-
-
750
income
-
-
-
288
health

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

-
-
-
62
total
-
-
-
350
Employee
465
-
703
-
social contributions
47
-
47
-
income
50
-
110
-
total
97
-
157
-
Employer
465
-
703
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
239
750
-
-
income
83
262
-
-
total
83
262
-
-
Dividends
155
488
-
-
social contributions
30
54
-
-
total
30
54
-
-
Income
750
750
750
750
Total tax
257
316
204
350
After tax
493
434
546
400
Living cost
368
368
368
368
Free-cash
125
66
178
32

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
€99
€181
€183
€127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
140
pensions
-
-
-
51
total
-
-
-
191
Employee
519
-
665
-
income
94
-
120
-
health
7
-
10
-
pensions
40
-
57
-
total
141
-
187
-
Employer
519
-
665
-
pensions
52
-
73
-
health
10
-
13
-
total
62
-
86
-
Corporate
169
750
-
-
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.

32
143
-
-
total
32
143
-
-
Dividends
137
607
-
-
withholding
10
46
-
-
total
10
46
-
-
Income
750
750
750
750
Total tax
245
189
273
191
After tax
505
561
477
559
Living cost
378
378
378
378
Free-cash
127
183
99
181

Estimated living cost  is €378 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€142
€275
-€180
€24
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
-
-
-
750
accident
-
-
-
3
income
-
-
-
163
health
-
-
-
22
other
-
-
-
4
pensions
-
-
-
42
total
-
-
-
234
Employee
379
-
623
-
income
52
-
100
-
health
43
-
71
-
pensions
43
-
70
-
total
138
-
241
-
Employer
379
-
623
-
unemployment
9
-
15
-
pensions
62
-
101
-
accident
6
-
10
-
total
77
-
126
-
Corporate
294
750
-
-
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.

264
675
-
-
total
264
675
-
-
Dividends
29
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
485
689
367
234
After tax
265
61
383
516
Living cost
241
241
241
241
Free-cash
24
-180
142
275

Estimated living cost  is €241 per week

€177
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
€299
€299
€501
€451
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.

-
-
-
750
health insurance
-
-
-
55
income
-
-
-
108
work injury
-
-
-
4
unemployment
-
-
-
9
pensions
-
-
-
138
total
-
-
-
314
Employee

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

219
-
750
-
work injury
1
-
4
-
income
22
-
108
-
health insurance
16
-
55
-
pensions
40
-
138
-
unemployment
3
-
9
-
total
82
-
314
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
531
750
-
-
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
531
750
-
-
withholding
80
112
-
-
total
80
112
-
-
Income
750
750
750
750
Total tax
162
112
314
314
After tax
588
638
436
436
Living cost
137
137
137
137
Free-cash
451
501
299
299

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
-€45
-€6
-€9
-€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
-
-
-
750
social contributions
-
-
-
193
national
-
-
-
141
regional
-
-
-
13
municipal
-
-
-
5
total
-
-
-
352
Employee
854
-
750
-
social contributions
288
-
253
-
municipal
5
-
4
-
regional
13
-
11
-
national
144
-
123
-
total
450
-
391
-
Employer
854
-
750
-
total
-
-
-
-
Corporate
-
750
-
-
nationa
-
180
-
-
municipal
-
36
-
-
total
-
216
-
-
Dividends
-
534
-
-
withholding
-
139
-
-
total
-
139
-
-
Income
750
750
750
750
Total tax
450
355
391
352
After tax
300
395
359
398
Living cost
404
404
404
404
Free-cash
-104
-9
-45
-6

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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