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

Valencia , Spain
€175
€129
€124
€227
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
-
-
-
5
income
-
-
-
122
other
-
-
-
1
accident
-
-
-
7
pensions
-
-
-
212
total
-
-
-
347
Employee
375
-
569
-
unemployment
6
-
9
-
pensions
18
-
27
-
income
72
-
124
-
other
-
-
1
-
total
96
-
161
-
Employer
375
-
569
-
pensions
88
-
134
-
accident
7
-
11
-
unemployment
21
-
31
-
other
3
-
5
-
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

Move here now

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

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
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
income
-
-
-
95
other
-
-
-
36
health
-
-
-
33
total
-
-
-
344
Employee
368
-
599
-
health
5
-
8
-
unemployment
4
-
6
-
pensions

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

26
-
42
-
income
63
-
103
-
total
98
-
159
-
Employer
368
-
599
-
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.

63
-
102
-
accident
3
-
5
-
unemployment
4
-
6
-
other
18
-
30
-
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

Move here now

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
Varna , Bulgaria
€462
€429
€410
€508
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

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

-
-
-
52
unemployment
-
-
-
1
income
-
-
-
113
health
-
-
-
41
total
-
-
-
207
Employee
176
-
680
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
pensions

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

15
-
31
-
income
18
-
68
-
total
43
-
119
-
Employer
176
-
680
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
539
750
-
-
income
54
75
-
-
total
54
75
-
-
Dividends
485
675
-
-
withholding
24
34
-
-
total
24
34
-
-
Income
750
750
750
750
Total tax
155
109
188
207
After tax
595
641
562
543
Living cost
133
133
133
133
Free-cash
462
508
429
410

Move here now

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
Nice , France
€91
€101
€100
€31
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
-
-
-
42
other
-
-
-
23
health
-
-
-
6
social contributions
-
-
-
21
pensions
-
-
-
211
surtax
-
-
-
-
total
-
-
-
303
Employee
434
-
572
-
pensions
49
-
65
-
income
26
-
42
-
social contributions
12
-
16
-
surtax
-
-
-
-
total
87
-
123
-
Employer
434
-
572
-
health
30
-
40
-
social contributions
1
-
2
-
pensions
71
-
94
-
unemployment
18
-
23
-
other
15
-
20
-
total
135
-
179
-
Corporate
181
750
-
-
income
51
210
-
-
surtax
-
-
-
-
total
51
210
-
-
Dividends
130
540
-
-
social contributions
22
93
-
-
surtax
-
-
-
-
withholding
17
69
-
-
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

Move here now

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
Rotterdam , Netherlands
-€257
-€257
€2
-€200
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
-
-
-
119
income
-
-
-
98
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
-
health
60
60
60
-
pensions
60
60
60
-
unemployment
31
31
31
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
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

Move here now

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
Dresden , Germany
€185
€252
€208
€73
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
750
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
-
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
-
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
-
total
81
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
362
750
-
-
income
54
112
-
-
trade
57
118
-
-
surtax

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

3
6
-
-
chamber of commerce
2
3
-
-
total
116
239
-
-
Dividends
246
511
-
-
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
-
-
withholding
58
124
-
-
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

Move here now

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

Move here now

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
Lisbon , Portugal
€99
€79
€108
€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
income
-
-
-
63
social contributions

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

-
-
-
261
surtax
-
-
-
-
total
-
-
-
324
Employee
466
-
606
-
income
97
-
142
-
social contributions
51
-
67
-
surtax
-
-
-
-
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

Move here now

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
Batumi , Georgia
€622
€524
€666
€636
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
95
-
750
-
income
19
-
150
-
total
19
-
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%.

655
750
-
-
total
-
-
-
-
Dividends
655
750
-
-
withholding
33
38
-
-
total
33
38
-
-
Income
750
750
750
750
Total tax
52
38
150
8
After tax
698
712
600
742
Living cost
76
76
76
76
Free-cash
622
636
524
666

Move here now

Estimated living cost  is €76 per week

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

Additional information

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

Source of data for Batumi model

Close
Ljubljana , Slovenia
€160
€107
€127
€245
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
pensions
-
-
-
137
unemployment
-
-
-
1
income
-
-
-
139
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
-
health
29
-
42
-
unemployment
1
-
1
-
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
-
health
30
-
43
-
pensions
40
-
57
-
unemployment
-
-
-
-
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

Move here now

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
Sliema , Malta
€125
€178
€30
€66
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
750
income
-
-
-
288
health

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

-
-
-
64
total
-
-
-
352
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
352
After tax
493
434
546
398
Living cost
368
368
368
368
Free-cash
125
66
178
30

Move here now

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
Vilnius , Lithuania
€249
€281
€267
€242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
income
-
-
-
112
health
-
-
-
52
social contributions
-
-
-
104
total
-
-
-
268
Employee
344
-
750
-
health
24
-
52
-
income
57
-
98
-
social contributions
47
-
104
-
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
-
-
social contributions
53
98
-
-
withholding
58
107
-
-
health
27
50
-
-
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

Move here now

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
Prague , Czech Republic
€134
€98
€83
€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
income
-
-
-
64
health
-
-
-
101
social contributions
-
-
-
219
solidarity contribution
-
-
-
-
total
-
-
-
384
Employee
416
-
560
-
health
56
-
76
-
solidarity contribution
-
-
-
-
income
50
-
67
-
social contributions
27
-
36
-
total
133
-
179
-
Employer
416
-
560
-
health
37
-
50
-
social contributions
104
-
140
-
total
141
-
190
-
Corporate
192
750
-
-
income
36
143
-
-
total
36
143
-
-
Dividends
156
607
-
-
withholding
23
91
-
-
total
23
91
-
-
Income
750
750
750
750
Total tax
333
234
369
384
After tax
417
516
381
366
Living cost
283
283
283
283
Free-cash
134
233
98
83

Move here now

Estimated living cost  is €283 per week

€211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€52
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
Tbilisi , Georgia
€573
€482
€624
€594
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
147
-
750
-
income
29
-
150
-
total
29
-
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%.

603
750
-
-
total
-
-
-
-
Dividends
603
750
-
-
withholding
30
38
-
-
total
30
38
-
-
Income
750
750
750
750
Total tax
59
38
150
8
After tax
691
712
600
742
Living cost
118
118
118
118
Free-cash
573
594
482
624

Move here now

Estimated living cost  is €118 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Paris , France
-€82
-€41
-€42
-€111
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
-
-
-
42
other
-
-
-
23
health
-
-
-
6
social contributions
-
-
-
21
pensions
-
-
-
211
surtax
-
-
-
-
total
-
-
-
303
Employee
635
-
572
-
pensions
72
-
65
-
income
55
-
42
-
social contributions
18
-
16
-
surtax
-
-
-
-
total
145
-
123
-
Employer
635
-
572
-
health
44
-
40
-
social contributions
2
-
2
-
pensions
104
-
94
-
unemployment
26
-
23
-
other
22
-
20
-
total
198
-
179
-
Corporate
-
750
-
-
income
-
210
-
-
surtax
-
-
-
-
total
-
210
-
-
Dividends
-
540
-
-
social contributions
-
93
-
-
surtax
-
-
-
-
withholding
-
69
-
-
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

Move here now

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
Belgrade , Serbia
€316
€217
€190
€366
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
pensions
-
-
-
194
unemployment
-
-
-
11
income
-
-
-
103
health
-
-
-
77
total
-
-
-
385
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

263
-
636
-
health
14
-
33
-
unemployment
2
-
5
-
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.

263
-
636
-
health
14
-
33
-
pensions
32
-
76
-
unemployment
2
-
5
-
total
48
-
114
-
Corporate
440
750
-
-
income
66
113
-
-
total
66
113
-
-
Dividends
374
637
-
-
withholding
56
96
-
-
total
56
96
-
-
Income
750
750
750
750
Total tax
259
209
358
385
After tax
491
541
392
365
Living cost
175
175
175
175
Free-cash
316
366
217
190

Move here now

Estimated living cost  is €175 per week

€118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Zurich , Switzerland
-€154
-€113
-€74
-€363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
pensions
-
-
-
69
city
-
-
-
8
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
health
-
-
-
2
regional
-
-
-
22
national
-
-
-
3
total
-
-
-
119
Employee
826
-
671
-
health
2
-
2
-
unemployment
-
-
-
-
city
9
-
7
-
pensions
69
-
56
-
regional
27
-
19
-
national
4
-
3
-
total
111
-
87
-
Employer
826
-
671
-
health
2
-
2
-
pensions
69
-
56
-
unemployment
-
-
-
-
other

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

17
-
13
-
total
88
-
71
-
Corporate
-
750
-
-
regional
-
159
-
-
national
-
64
-
-
total
-
223
-
-
Dividends
-
528
-
-
withholding
-
185
-
-
total
-
185
-
-
Income
750
750
750
750
Total tax
199
408
158
119
After tax
551
342
592
631
Living cost
705
705
705
705
Free-cash
-154
-363
-113
-74

Move here now

Estimated living cost  is €705 per week

€459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€175
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
Helsinki , Finland
€81
€61
€169
€123
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
health
-
-
-
7
national
-
-
-
51
total
-
-
-
192
Employee
533
-
631
-
health
4
-
5
-
unemployment
8
-
9
-
pensions
36
-
43
-
national
9
-
21
-
municipal
87
-
103
-
total
144
-
181
-
Employer
533
-
631
-
health
4
-
5
-
pensions
92
-
109
-
accident
1
-
1
-
unemployment
3
-
4
-
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

Move here now

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
Brussels , Belgium
-€186
-€62
€8
€52
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
communal

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

-
-
-
39
social contributions
-
-
-
103
national
-
-
-
231
total
-
-
-
373
Employee

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

725
-
581
-
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
-
communal

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

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

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

725
-
581
-
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
-
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
-
surtax
82
-
66
-
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
-
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
-
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

Move here now

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
Stockholm , Sweden
-€67
-€36
-€64
-€27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
unemployment
-
-
-
1
municipal
-
-
-
159
other
-
-
-
87
health
-
-
-
47
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
81
total
-
-
-
377
Employee
623
-
571
-
national
-
-
-
-
municipal
186
-
170
-
total
186
-
170
-
Employer
623
-
571
-
health
38
-
35
-
pensions
67
-
62
-
accident
1
-
1
-
unemployment
16
-
15
-
other
72
-
66
-
total
194
-
179
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
withholding
-
175
-
-
total
-
175
-
-
Income
750
750
750
750
Total tax
380
340
349
377
After tax
370
410
401
373
Living cost
437
437
437
437
Free-cash
-67
-27
-36
-64

Move here now

Estimated living cost  is €437 per week

€290
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.
€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 Stockholm model

Close
Oslo , Norway
-€909
€124
€38
-€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
income
-
-
-
146
social contributions
-
-
-
86
total
-
-
-
232
Employee
689
-
-
-
income
152
-
-
-
social contributions
56
-
8
-
total
208
-
8
-
Employer
689
-
-
-
social contributions
971
-
138
-
total
971
-
138
-
Corporate
-
750
-
-
income
-
165
-
-
total
-
165
-
-
Dividends
-
585
-
-
income
-
129
-
-
total
-
129
-
-
Income
750
750
750
750
Total tax
1 179
294
146
232
After tax
-429
456
604
518
Living cost
480
480
480
480
Free-cash
-909
-24
124
38

Move here now

Estimated living cost  is €480 per week

€312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

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

Move here now

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
Edinburgh , United Kingdom
€145
€115
€197
€200
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
497
-
664
-
health
6
-
10
-
pensions
38
-
58
-
income
91
-
119
-
total
135
-
187
-
Employer
497
-
664
-
health
9
-
13
-
pensions
50
-
73
-
total
59
-
86
-
Corporate
193
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.

37
142
-
-
total
37
142
-
-
Dividends
156
608
-
-
withholding
12
46
-
-
total
12
46
-
-
Income
750
750
750
750
Total tax
243
188
273
191
After tax
507
562
477
559
Living cost
362
362
362
362
Free-cash
145
200
115
197

Move here now

Estimated living cost  is €362 per week

€248
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.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Rome , Italy
-€104
-€45
-€6
-€9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
municipal
-
-
-
5
regional
-
-
-
13
social contributions
-
-
-
193
national
-
-
-
141
total
-
-
-
352
Employee
854
-
750
-
social contributions
288
-
253
-
regional
13
-
11
-
national
144
-
123
-
municipal
5
-
4
-
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

Move here now

Estimated living cost  is €404 per week

€284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
Gdansk , Poland
€27
€166
€301
-€154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
750
pensions
-
-
-
41
income
-
-
-
166
other
-
-
-
4
health
-
-
-
21
accident
-
-
-
2
total
-
-
-
234
Employee
338
-
623
-
health
39
-
71
-
pensions
38
-
70
-
income
46
-
102
-
total
123
-
243
-
Employer
338
-
623
-
pensions
55
-
101
-
accident
6
-
10
-
unemployment
8
-
15
-
total
69
-
126
-
Corporate
344
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.

309
675
-
-
total
309
675
-
-
Dividends
34
75
-
-
withholding
7
14
-
-
total
7
14
-
-
Income
750
750
750
750
Total tax
508
689
369
234
After tax
242
61
381
516
Living cost
215
215
215
215
Free-cash
27
-154
166
301

Move here now

Estimated living cost  is €215 per week

€157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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

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
Berlin , Germany
€130
€168
€128
-€3
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
-
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
-
surtax

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

2
-
6
-
total
112
-
191
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
246
750
-
-
income
37
112
-
-
trade
35
108
-
-
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
-
-
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
-
-
withholding
39
126
-
-
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

Move here now

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
Riga , Latvia
€305
€215
€395
€389
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
income
-
-
-
-
microenterprise
-
-
-
112
social contributions

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

-
-
-
32
surtax
-
-
-
-
total
-
-
-
144
Employee
296
-
604
-
income
53
-
112
-
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
-
surtax
-
-
-
-
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

Move here now

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
Istanbul , Turkey
€323
€281
€290
€344
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
-
-
-
179
health
-
-
-
66
pensions
-
-
-
91
total
-
-
-
336
Employee
190
-
648
-
health
9
-
23
-
unemployment
2
-
5
-
pensions
17
-
41
-
income
37
-
174
-
total
65
-
243
-
Employer
190
-
648
-
health
18
-
43
-
pensions
21
-
50
-
unemployment
4
-
9
-
total
43
-
102
-
Corporate
518
750
-
-
income
114
165
-
-
total
114
165
-
-
Dividends
404
585
-
-
withholding
81
117
-
-
total
81
117
-
-
Income
750
750
750
750
Total tax
303
282
345
336
After tax
447
468
405
414
Living cost
124
124
124
124
Free-cash
323
344
281
290

Move here now

Estimated living cost  is €124 per week

€74
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.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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 of data for Istanbul model

Close
Athens , Greece
€210
€165
€183
€244
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
-
-
-
150
unemployment
-
-
-
2
income
-
-
-
123
other
-
-
-
-
health
-
-
-
53
surtax
-
-
-
11
total
-
-
-
339
Employee
341
-
620
-
health
9
-
16
-
unemployment
24
-
43
-
pensions
23
-
41
-
income
57
-
116
-
other
-
-
-
-
surtax
1
-
10
-
total
114
-
226
-
Employer
341
-
620
-
health
16
-
28
-
pensions
46
-
83
-
unemployment
11
-
20
-
other
-
-
-
-
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

Move here now

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

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

Dividends

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

Salary

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

Sole trader

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

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