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
€185
€73
€252
€208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
trade
-
-
-
44
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
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
-
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
-
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
-
total
81
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
362
750
-
-
trade
57
118
-
-
income
54
112
-
-
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
-
-
chamber of commerce
2
3
-
-
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
-€126
-€50
-€51
-€57
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
pensions
-
-
-
90
municipal
-
-
-
75
national
-
-
-
116
total
-
-
-
289
Employee
802
-
648
-
national
154
-
120
-
municipal
99
-
78
-
pensions
32
-
26
-
total
285
-
224
-
Employer
802
-
648
-
pensions
64
-
52
-
social contributions
9
-
7
-
total
73
-
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
358
282
283
289
After tax
392
468
467
461
Living cost
518
518
518
518
Free-cash
-126
-50
-51
-57

Estimated living cost  is €518 per week

€352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€110
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
€305
€389
€215
€395
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
-
surtax
-
-
-
-
social contributions

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

33
-
66
-
income
53
-
112
-
total
86
-
178
-
Employer
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.

71
-
146
-
surtax
-
-
-
-
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
-€200
-€257
€2
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
pensions
-
-
-
119
health
-
-
-
106
total
-
-
-
323
Employee
865
865
865
-
health
133
113
133
-
pensions
156
119
156
-
income

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

142
142
142
-
total
431
374
431
-
Employer
865
865
865
-
pensions
60
60
60
-
unemployment
31
31
31
-
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
-€35
-€10
-€18
-€45
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
other
-
-
-
87
unemployment
-
-
-
1
pensions
-
-
-
81
municipal
-
-
-
159
accident
-
-
-
1
national
-
-
-
-
health
-
-
-
47
total
-
-
-
376
Employee
597
-
571
-
national
-
-
-
-
municipal
178
-
170
-
total
178
-
170
-
Employer
597
-
571
-
other
69
-
66
-
accident
1
-
1
-
pensions
65
-
62
-
unemployment
16
-
15
-
health
37
-
35
-
total
188
-
179
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
withholding
-
176
-
-
total
-
176
-
-
Income
750
750
750
750
Total tax
366
341
349
376
After tax
384
409
401
374
Living cost
419
419
419
419
Free-cash
-35
-10
-18
-45

Estimated living cost  is €419 per week

€278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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 Stockholm model

Close
Hamburg , Germany
€121
-€21
€161
€115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
trade
-
-
-
46
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
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
-
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
-
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
-
total
115
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
236
750
-
-
trade
39
123
-
-
income
35
112
-
-
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
-
-
chamber of commerce
2
3
-
-
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
€179
€192
€207
€233
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
-
health
8
13
12
-
social contributions
38
65
57
-
income
82
72
75
-
total
128
150
144
-
Employer
779
779
779
-
social contributions
38
65
57
-
health
8
14
13
-
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
€240
€235
€247
€331
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
unemployment
-
-
-
11
income
-
-
-
92
pensions
-
-
-
75
health
-
-
-
53
total
-
-
-
231
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

272
108
628
-
unemployment
4
2
9
-
health
19
8
44
-
pensions
27
11
63
-
income
33
13
77
-
total
83
34
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.

272
108
628
-
pensions
53
21
122
-
total
53
21
122
-
Corporate
425
621
-
-
income
38
56
-
-
total
38
56
-
-
Dividends
387
565
-
-
withholding
74
107
-
-
social contributions
74
109
-
-
total
148
216
-
-
Income
750
750
750
750
Total tax
322
327
315
231
After tax
428
423
435
519
Living cost
188
188
188
188
Free-cash
240
235
247
331

Estimated living cost  is €188 per week

€128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€41
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
€292
€355
€188
€157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
100
pensions
-
-
-
150
health
-
-
-
98
total
-
-
-
348
Employee
287
-
561
-
unemployment
5
-
9
-
pensions
6
-
11
-
income
32
-
108
-
total
43
-
128
-
Employer
287
-
561
-
pensions
58
-
112
-
unemployment
2
-
4
-
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
€26
-€166
€157
€288
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
other
-
-
-
4
income
-
-
-
162
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
235
Employee
357
-
623
-
health
41
-
71
-
pensions
40
-
70
-
income
49
-
99
-
total
130
-
240
-
Employer
357
-
623
-
accident
6
-
10
-
pensions
58
-
101
-
unemployment
9
-
15
-
total
73
-
126
-
Corporate
320
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.

288
675
-
-
total
288
675
-
-
Dividends
32
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
497
689
366
235
After tax
253
61
384
515
Living cost
227
227
227
227
Free-cash
26
-166
157
288

Estimated living cost  is €227 per week

€167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€43
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
€615
€630
€518
€660
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.

-
-
-
8
total
-
-
-
8
Employee
103
-
750
-
income
21
-
150
-
total
21
-
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%.

647
750
-
-
total
-
-
-
-
Dividends
647
750
-
-
withholding
32
38
-
-
total
32
38
-
-
Income
750
750
750
750
Total tax
53
38
150
8
After tax
697
712
600
742
Living cost
82
82
82
82
Free-cash
615
630
518
660

Estimated living cost  is €82 per week

€51
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€22
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
€212
€281
€170
€136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
36
income
-
-
-
95
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
health
-
-
-
33
total
-
-
-
344
Employee
368
-
599
-
unemployment
4
-
6
-
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
-
income
63
-
103
-
total
98
-
159
-
Employer
368
-
599
-
other
18
-
30
-
accident
3
-
5
-
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
-
unemployment
4
-
6
-
health
5
-
8
-
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
-€318
-€103
-€187
-€105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
140
pensions
-
-
-
51
total
-
-
-
191
Employee
939
-
664
-
health
15
-
10
-
pensions
91
-
58
-
income
169
-
119
-
total
275
-
187
-
Employer
939
-
664
-
pensions
111
-
73
-
health
18
-
13
-
total
129
-
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
404
189
273
191
After tax
346
561
477
559
Living cost
664
664
664
664
Free-cash
-318
-103
-187
-105

Estimated living cost  is €664 per week

€497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€78
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.
€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

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
€462
€508
€429
€411
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
unemployment
-
-
-
1
income
-
-
-
112
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
206
Employee
176
-
681
-
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
-
income
18
-
68
-
total
43
-
119
-
Employer
176
-
681
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

19
-
39
-
unemployment
1
-
2
-
health
12
-
24
-
total
34
-
69
-
Corporate
540
750
-
-
income
54
75
-
-
total
54
75
-
-
Dividends
486
675
-
-
withholding
24
34
-
-
total
24
34
-
-
Income
750
750
750
750
Total tax
155
109
188
206
After tax
595
641
562
544
Living cost
133
133
133
133
Free-cash
462
508
429
411

Estimated living cost  is €133 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-€354
-€337
-€394
-€135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
98
pensions
-
-
-
119
health
-
-
-
106
total
-
-
-
323
Employee
940
865
865
-
health
117
113
133
-
pensions
119
119
156
-
income

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

142
142
142
-
total
378
374
431
-
Employer
940
865
865
-
pensions
65
60
60
-
unemployment
34
31
31
-
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
€174
€264
€129
€114
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
371
-
560
-
solidarity contribution
-
-
-
-
health
50
-
76
-
social contributions
24
-
36
-
income
45
-
67
-
total
119
-
179
-
Employer
371
-
560
-
social contributions
93
-
140
-
health
33
-
50
-
total
126
-
190
-
Corporate
253
750
-
-
income
48
143
-
-
total
48
143
-
-
Dividends
205
607
-
-
withholding
31
91
-
-
total
31
91
-
-
Income
750
750
750
750
Total tax
324
234
369
384
After tax
426
516
381
366
Living cost
252
252
252
252
Free-cash
174
264
129
114

Estimated living cost  is €252 per week

€175
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
-€151
-€28
-€65
-€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
regional
-
-
-
8
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
141
total
-
-
-
346
Employee
901
-
750
-
national
156
-
123
-
regional
8
-
7
-
municipal
5
-
4
-
social contributions
304
-
253
-
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
€216
€248
€169
€187
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
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
123
pensions
-
-
-
150
health
-
-
-
53
surtax
-
-
-
11
total
-
-
-
339
Employee
335
-
620
-
surtax
1
-
10
-
unemployment
23
-
43
-
other
-
-
-
-
health
9
-
16
-
pensions
22
-
41
-
income
56
-
116
-
total
111
-
226
-
Employer
335
-
620
-
other
-
-
-
-
pensions
45
-
83
-
unemployment
11
-
20
-
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
€32
€108
€24
€106
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
629
-
664
-
health
9
-
10
-
pensions
53
-
58
-
income
113
-
119
-
total
175
-
187
-
Employer
629
-
664
-
pensions
68
-
73
-
health
12
-
13
-
total
80
-
86
-
Corporate
41
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.

8
143
-
-
total
8
143
-
-
Dividends
33
607
-
-
withholding
2
46
-
-
total
2
46
-
-
Income
750
750
750
750
Total tax
265
189
273
191
After tax
485
561
477
559
Living cost
453
453
453
453
Free-cash
32
108
24
106

Estimated living cost  is €453 per week

€340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€75
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
-€275
-€457
-€204
-€167
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
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
city
-
-
-
8
regional
-
-
-
20
pensions
-
-
-
69
national
-
-
-
3
health
-
-
-
3
total
-
-
-
118
Employee
935
-
671
-
national
4
-
2
-
unemployment
-
-
-
-
city
10
-
7
-
regional
31
-
17
-
health
2
-
2
-
pensions
79
-
56
-
total
126
-
84
-
Employer
935
-
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
-
pensions
79
-
56
-
unemployment
-
-
-
-
health
2
-
2
-
total
100
-
71
-
Corporate
-
750
-
-
regional
-
159
-
-
national
-
64
-
-
total
-
223
-
-
Dividends
-
528
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
750
750
750
750
Total tax
226
408
155
118
After tax
524
342
595
632
Living cost
799
799
799
799
Free-cash
-275
-457
-204
-167

Estimated living cost  is €799 per week

€520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€198
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
€73
-€92
€95
€47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
trade
-
-
-
48
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
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
-
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
-
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
-
total
145
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
141
750
-
-
trade
24
129
-
-
income
21
112
-
-
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
-
-
chamber of commerce
2
3
-
-
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
€91
€31
€101
€100
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
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
42
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
303
Employee
434
-
572
-
surtax
-
-
-
-
pensions
49
-
65
-
social contributions
12
-
16
-
income
26
-
42
-
total
87
-
123
-
Employer
434
-
572
-
other
15
-
20
-
pensions
71
-
94
-
unemployment
18
-
23
-
social contributions
1
-
2
-
health
30
-
40
-
total
135
-
179
-
Corporate
181
750
-
-
income
51
210
-
-
surtax
-
-
-
-
total
51
210
-
-
Dividends
130
540
-
-
withholding
17
69
-
-
social contributions
22
93
-
-
surtax
-
-
-
-
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
€122
€66
€136
€135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
42
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
303
Employee
387
-
572
-
surtax
-
-
-
-
pensions
44
-
65
-
social contributions
11
-
16
-
income
20
-
42
-
total
75
-
123
-
Employer
387
-
572
-
other
13
-
20
-
pensions
64
-
94
-
unemployment
16
-
23
-
social contributions
1
-
2
-
health
27
-
40
-
total
121
-
179
-
Corporate
242
750
-
-
income
68
210
-
-
surtax
-
-
-
-
total
68
210
-
-
Dividends
174
540
-
-
withholding
22
69
-
-
social contributions
30
93
-
-
surtax
-
-
-
-
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
€249
€242
€281
€267
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
-
health
24
-
52
-
social contributions
47
-
104
-
income
57
-
98
-
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
€51
€68
-€95
€45
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
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
income
-
-
-
85
pensions
-
-
-
139
health
-
-
-
57
surtax
-
-
-
2
total
-
-
-
348
Employee
506
404
581
-
unemployment
15
12
17
-
other
5
4
6
-
health
20
16
22
-
pensions
52
41
59
-
income
58
30
79
-
total
150
103
183
-
Employer
506
404
581
-
payroll
15
12
17
-
other
24
19
28
-
accident
7
5
8
-
pensions
64
51
73
-
unemployment
15
12
17
-
chamber of commerce
2
2
2
-
surtax
2
2
2
-
health
19
15
22
-
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
-€186
€52
-€62
€8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
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
-
national
223
-
167
-
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
-
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
-
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
-
communal

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

38
-
30
-
total
355
-
273
-
Employer

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

725
-
581
-
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
-
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
-
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
-
surtax
82
-
66
-
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
-
total
211
-
169
-
Corporate
-
750
-
-
income
-
150
-
-
surtax
-
3
-
-
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
€58
€140
€42
€37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
122
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
347
Employee
504
-
569
-
unemployment
8
-
9
-
other
-
-
1
-
pensions
24
-
27
-
income
106
-
124
-
total
138
-
161
-
Employer
504
-
569
-
other
4
-
5
-
accident
10
-
11
-
pensions
119
-
134
-
unemployment
28
-
31
-
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
-€108
-€85
-€58
-€72
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
48
pensions
-
-
-
120
accident
-
-
-
7
communal
-
-
-
-
health
-
-
-
56
surtax
-
-
-
40
total
-
-
-
271
Employee
767
-
670
-
surtax
47
-
41
-
health
34
-
30
-
pensions
61
-
54
-
income
74
-
52
-
total
216
-
177
-
Employer
767
-
670
-
accident
7
-
6
-
pensions
61
-
54
-
health
23
-
20
-
total
91
-
80
-
Corporate
-
750
-
-
income
-
112
-
-
communal
-
51
-
-
surtax
-
8
-
-
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
€210
€244
€165
€183
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
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
123
pensions
-
-
-
150
health
-
-
-
53
surtax
-
-
-
11
total
-
-
-
339
Employee
341
-
620
-
surtax
1
-
10
-
unemployment
24
-
43
-
other
-
-
-
-
health
9
-
16
-
pensions
23
-
41
-
income
57
-
116
-
total
114
-
226
-
Employer
341
-
620
-
other
-
-
-
-
pensions
46
-
83
-
unemployment
11
-
20
-
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
€98
€121
€87
€128
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
regional
-
-
-
11
social contributions
-
-
-
193
municipal
-
-
-
4
national
-
-
-
141
total
-
-
-
349
Employee
562
-
750
-
national
89
-
123
-
regional
8
-
10
-
municipal
3
-
4
-
social contributions
190
-
253
-
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
€94
€205
€70
€55
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
457
-
560
-
solidarity contribution
-
-
-
-
health
62
-
76
-
social contributions
30
-
36
-
income
55
-
67
-
total
147
-
179
-
Employer
457
-
560
-
social contributions
114
-
140
-
health
41
-
50
-
total
155
-
190
-
Corporate
137
750
-
-
income
26
143
-
-
total
26
143
-
-
Dividends
111
607
-
-
withholding
17
91
-
-
total
17
91
-
-
Income
750
750
750
750
Total tax
345
234
369
384
After tax
405
516
381
366
Living cost
311
311
311
311
Free-cash
94
205
70
55

Estimated living cost  is €311 per week

€231
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
€99
€104
-€61
€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
-
-
-
750
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
income
-
-
-
85
pensions
-
-
-
139
health
-
-
-
57
surtax
-
-
-
-
total
-
-
-
346
Employee
443
404
582
-
unemployment
13
12
17
-
other
4
4
6
-
health
17
16
23
-
pensions
45
41
60
-
income
39
30
79
-
total
118
103
185
-
Employer
443
404
582
-
payroll
13
12
17
-
other
21
19
28
-
accident
6
5
8
-
pensions
56
51
73
-
unemployment
13
12
17
-
chamber of commerce
2
2
2
-
surtax
-
-
-
-
health
17
15
22
-
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
€561
€584
€472
€614
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.

-
-
-
8
total
-
-
-
8
Employee
160
-
750
-
income
32
-
150
-
total
32
-
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%.

590
750
-
-
total
-
-
-
-
Dividends
590
750
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
750
750
750
750
Total tax
61
38
150
8
After tax
689
712
600
742
Living cost
128
128
128
128
Free-cash
561
584
472
614

Estimated living cost  is €128 per week

€87
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
€160
€245
€107
€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

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
unemployment
-
-
-
1
income
-
-
-
139
pensions
-
-
-
137
health
-
-
-
74
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
-
unemployment
1
-
1
-
health
29
-
42
-
pensions
69
-
101
-
income
77
-
127
-
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
-
pensions
40
-
57
-
unemployment
-
-
-
-
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
-€743
€24
€187
€86
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
-
-
-
86
income
-
-
-
146
total
-
-
-
232
Employee
619
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
619
-
-
-
social contributions
873
-
124
-
total
873
-
124
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
1 061
294
131
232
After tax
-311
456
619
518
Living cost
432
432
432
432
Free-cash
-743
24
187
86

Estimated living cost  is €432 per week

€280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
€99
€108
€79
€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

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
-
surtax
-
-
-
-
social contributions
51
-
67
-
income
97
-
142
-
total
148
-
209
-
Employer
466
-
606
-
social contributions
111
-
144
-
total
111
-
144
-
Corporate
173
750
-
-
income
36
158
-
-
surtax
-
-
-
-
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
-€82
-€111
-€41
-€42
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
other
-
-
-
23
social contributions
-
-
-
21
income
-
-
-
42
pensions
-
-
-
211
health
-
-
-
6
surtax
-
-
-
-
total
-
-
-
303
Employee
635
-
572
-
surtax
-
-
-
-
pensions
72
-
65
-
social contributions
18
-
16
-
income
55
-
42
-
total
145
-
123
-
Employer
635
-
572
-
other
22
-
20
-
pensions
104
-
94
-
unemployment
26
-
23
-
social contributions
2
-
2
-
health
44
-
40
-
total
198
-
179
-
Corporate
-
750
-
-
income
-
210
-
-
surtax
-
-
-
-
total
-
210
-
-
Dividends
-
540
-
-
withholding
-
69
-
-
social contributions
-
93
-
-
surtax
-
-
-
-
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
€337
€370
€295
€274
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
-€1455
-€1455
-€1455
-€11
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
pensions
-
-
-
9
municipal
-
-
-
130
labour market
-
-
-
59
national
-
-
-
76
total
-
-
-
274
Employee
2 057
2 057
2 057
-
national
251
251
251
-
municipal
438
438
438
-
labour market
164
164
164
-
pensions
3
3
3
-
total
856
856
856
-
Employer
2 057
2 057
2 057
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
750
750
750
750
Total tax
1 718
1 718
1 718
274
After tax
-968
-968
-968
476
Living cost
487
487
487
487
Free-cash
-1 455
-1 455
-1 455
-11

Estimated living cost  is €487 per week

€334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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
€27
-€163
€160
€291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
4
income
-
-
-
162
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
235
Employee
352
-
623
-
health
40
-
71
-
pensions
40
-
70
-
income
48
-
99
-
total
128
-
240
-
Employer
352
-
623
-
accident
6
-
10
-
pensions
57
-
101
-
unemployment
9
-
15
-
total
72
-
126
-
Corporate
326
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.

293
675
-
-
total
293
675
-
-
Dividends
33
75
-
-
withholding
6
14
-
-
total
6
14
-
-
Income
750
750
750
750
Total tax
499
689
366
235
After tax
251
61
384
515
Living cost
224
224
224
224
Free-cash
27
-163
160
291

Estimated living cost  is €224 per week

€163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
€81
€123
€61
€169
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
municipal
-
-
-
134
national
-
-
-
51
health
-
-
-
7
total
-
-
-
192
Employee
533
-
631
-
national
9
-
21
-
unemployment
8
-
9
-
health
4
-
5
-
municipal
87
-
103
-
pensions
36
-
43
-
total
144
-
181
-
Employer
533
-
631
-
accident
1
-
1
-
pensions
92
-
109
-
unemployment
3
-
4
-
health
4
-
5
-
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
€261
€286
€301
€327
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
-
health
6
13
12
-
social contributions
29
65
57
-
income
85
72
75
-
total
120
150
144
-
Employer
779
779
779
-
social contributions
29
65
57
-
health
7
14
13
-
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
€409
€460
€304
€420
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
unemployment
-
-
-
-
income
-
-
-
68
pensions
-
-
-
64
health
-
-
-
37
total
-
-
-
169
Employee

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

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

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

233
-
680
-
pensions
13
-
37
-
unemployment
1
-
3
-
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
€175
€227
€129
€124
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
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
122
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
347
Employee
375
-
569
-
unemployment
6
-
9
-
other
-
-
1
-
pensions
18
-
27
-
income
72
-
124
-
total
96
-
161
-
Employer
375
-
569
-
other
3
-
5
-
accident
7
-
11
-
pensions
88
-
134
-
unemployment
21
-
31
-
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
€446
€449
€455
€457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
250
pensions
-
-
-
14
health
-
-
-
10
total
-
-
-
274
Employee
29
-
734
-
unemployment
-
-
1
-
health
1
-
4
-
pensions
3
-
6
-
income
6
-
249
-
total
10
-
260
-
Employer
29
-
734
-
pensions
3
-
8
-
unemployment
1
-
1
-
health
3
-
7
-
total
7
-
16
-
Corporate
714
750
-
-
income
157
165
-
-
total
157
165
-
-
Dividends
557
585
-
-
withholding
111
117
-
-
total
111
117
-
-
Income
750
750
750
750
Total tax
285
282
276
274
After tax
465
468
474
476
Living cost
19
19
19
19
Free-cash
446
449
455
457

Estimated living cost  is €19 per week

€11
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€6
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
€316
€366
€217
€191
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
unemployment
-
-
-
11
income
-
-
-
102
pensions
-
-
-
194
health
-
-
-
77
total
-
-
-
384
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
-
unemployment
2
-
5
-
health
14
-
33
-
pensions
37
-
89
-
income
36
-
117
-
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
-
pensions
32
-
76
-
unemployment
2
-
5
-
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
384
After tax
491
541
392
366
Living cost
175
175
175
175
Free-cash
316
366
217
191

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
€151
€153
€124
€153
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
-
surtax
-
-
-
-
social contributions
43
-
67
-
income
77
-
142
-
total
120
-
209
-
Employer
393
-
606
-
social contributions
93
-
144
-
total
93
-
144
-
Corporate
263
750
-
-
income
55
158
-
-
surtax
-
-
-
-
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
€71
€150
€52
€47
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
other
-
-
-
1
unemployment
-
-
-
5
income
-
-
-
122
pensions
-
-
-
212
accident
-
-
-
7
total
-
-
-
347
Employee
489
-
569
-
unemployment
8
-
9
-
other
-
-
1
-
pensions
23
-
27
-
income
102
-
124
-
total
133
-
161
-
Employer
489
-
569
-
other
4
-
5
-
accident
10
-
11
-
pensions
116
-
134
-
unemployment
27
-
31
-
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
€406
€467
€388
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
1
income
-
-
-
112
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
206
Employee
231
-
681
-
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
-
income
23
-
68
-
total
57
-
119
-
Employer
231
-
681
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

25
-
39
-
unemployment
1
-
2
-
health
16
-
24
-
total
45
-
69
-
Corporate
474
750
-
-
income
47
75
-
-
total
47
75
-
-
Dividends
426
675
-
-
withholding
21
34
-
-
total
21
34
-
-
Income
750
750
750
750
Total tax
170
109
188
206
After tax
580
641
562
544
Living cost
174
174
174
174
Free-cash
406
467
388
370

Estimated living cost  is €174 per week

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

Source of data for Sofia model

Close
Berlin , Germany
€130
-€3
€168
€128
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
trade
-
-
-
40
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
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
-
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
-
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
-
total
112
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
246
750
-
-
trade
35
108
-
-
income
37
112
-
-
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
-
-
chamber of commerce
2
3
-
-
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
-€43
-€52
-€20
-€20
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
social contributions
-
-
-
61
income
-
-
-
132
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
€125
€66
€178
€32
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
750
health

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

-
-
-
62
income
-
-
-
288
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
€136
€192
€108
€190
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
506
-
664
-
health
7
-
10
-
pensions
39
-
58
-
income
92
-
119
-
total
138
-
187
-
Employer
506
-
664
-
pensions
51
-
73
-
health
10
-
13
-
total
61
-
86
-
Corporate
183
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.

35
143
-
-
total
35
143
-
-
Dividends
149
607
-
-
withholding
11
46
-
-
total
11
46
-
-
Income
750
750
750
750
Total tax
245
189
273
191
After tax
505
561
477
559
Living cost
368
368
368
368
Free-cash
136
192
108
190

Estimated living cost  is €368 per week

€253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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 Edinburgh model

Close
Warsaw , Poland
€24
-€185
€138
€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
other
-
-
-
4
income
-
-
-
162
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
23
total
-
-
-
235
Employee
387
-
623
-
health
44
-
71
-
pensions
44
-
70
-
income
53
-
99
-
total
141
-
240
-
Employer
387
-
623
-
accident
6
-
10
-
pensions
63
-
101
-
unemployment
9
-
15
-
total
78
-
126
-
Corporate
284
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.

256
675
-
-
total
256
675
-
-
Dividends
28
75
-
-
withholding
5
14
-
-
total
5
14
-
-
Income
750
750
750
750
Total tax
480
689
366
235
After tax
270
61
384
515
Living cost
246
246
246
246
Free-cash
24
-185
138
269

Estimated living cost  is €246 per week

€181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
€451
€501
€299
€299
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
unemployment
-
-
-
9
income
-
-
-
108
pensions
-
-
-
138
health insurance
-
-
-
55
work injury
-
-
-
4
total
-
-
-
314
Employee

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

219
-
750
-
health insurance
16
-
55
-
unemployment
3
-
9
-
work injury
1
-
4
-
pensions
40
-
138
-
income
22
-
108
-
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
-€104
-€9
-€45
-€6
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
regional
-
-
-
13
social contributions
-
-
-
193
municipal
-
-
-
5
national
-
-
-
141
total
-
-
-
352
Employee
854
-
750
-
national
144
-
123
-
regional
13
-
11
-
municipal
5
-
4
-
social contributions
288
-
253
-
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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