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
€ 800
per

Your estimated
City
free-cash

Dresden , Germany
€284
€98
€232
€210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
800
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.

-
-
-
7
trade
-
-
-
52
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.

-
-
-
133
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
total
-
-
-
261
Employee

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

388
-
800
-
health

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

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

69
-
69
-
surtax

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

1
-
7
-
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
-
133
-
total
81
-
209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
412
800
-
-
chamber of commerce
2
3
-
-
trade
65
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.

3
7
-
-
income
62
120
-
-
total
132
256
-
-
Dividends
280
545
-
-
withholding
66
132
-
-
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
7
-
-
total
70
139
-
-
Income
800
800
800
800
Total tax
283
395
209
261
After tax
517
405
591
539
Living cost
307
307
307
307
Free-cash
210
98
284
232

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
-€42
-€41
-€49
-€113
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
-
-
-
800
municipal
-
-
-
80
social contributions
-
-
-
9
national
-
-
-
124
pensions
-
-
-
96
total
-
-
-
309
Employee
838
-
692
-
pensions
34
-
28
-
national
160
-
129
-
municipal
103
-
83
-
total
297
-
240
-
Employer
838
-
692
-
pensions
67
-
55
-
social contributions
9
-
7
-
total
76
-
62
-
Corporate
-
800
-
-
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%.

-
160
-
-
total
-
160
-
-
Dividends
-
640
-
-
withholding
-
141
-
-
total
-
141
-
-
Income
800
800
800
800
Total tax
373
301
302
309
After tax
427
499
498
491
Living cost
540
540
540
540
Free-cash
-113
-41
-42
-49

Estimated living cost  is €540 per week

€367
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€50
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€115
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
€243
€429
€219
€345
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.

-
-
-
800
microenterprise
-
-
-
-
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.

-
-
-
257
income
-
-
-
113
total
-
-
-
370
Employee
296
-
645
-
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
-
71
-
surtax
-
-
-
-
income
53
-
120
-
total
86
-
191
-
Employer
296
-
645
-
surtax
-
-
-
-
social contributions

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

71
-
155
-
total
71
-
155
-
Corporate
433
800
-
-
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%.

87
160
-
-
total
87
160
-
-
Dividends

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

346
640
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
244
160
346
370
After tax
556
640
454
430
Living cost
211
211
211
211
Free-cash
345
429
243
219

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
-€207
-€150
€30
-€207
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
-
-
-
800
income
-
-
-
117
pensions
-
-
-
119
health
-
-
-
109
total
-
-
-
345
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
-
unemployment
31
31
31
-
health
60
60
60
-
pensions
60
60
60
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
582
525
582
345
After tax
218
275
218
455
Living cost
425
425
425
425
Free-cash
-207
-150
-207
30

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
€18
€28
-€10
€19
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
municipal
-
-
-
169
other
-
-
-
93
unemployment
-
-
-
1
national
-
-
-
-
pensions
-
-
-
86
accident
-
-
-
2
health
-
-
-
50
total
-
-
-
401
Employee
583
-
609
-
national
-
-
-
-
municipal
174
-
182
-
total
174
-
182
-
Employer
583
-
609
-
unemployment
15
-
16
-
accident
1
-
1
-
health
36
-
37
-
pensions
63
-
66
-
other
68
-
71
-
total
183
-
191
-
Corporate
33
800
-
-
income
7
176
-
-
total
7
176
-
-
Dividends
26
624
-
-
withholding
8
187
-
-
total
8
187
-
-
Income
800
800
800
800
Total tax
372
363
373
401
After tax
428
437
427
399
Living cost
409
409
409
409
Free-cash
19
28
18
-10

Estimated living cost  is €409 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
€193
€2
€139
€147
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.

-
-
-
800
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.

-
-
-
7
trade
-
-
-
54
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.

-
-
-
133
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
total
-
-
-
263
Employee

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

514
-
800
-
health

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

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

69
-
69
-
surtax

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

2
-
7
-
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
-
133
-
total
115
-
209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
286
800
-
-
chamber of commerce
2
3
-
-
trade
47
132
-
-
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
-
-
income
43
120
-
-
total
94
262
-
-
Dividends
192
539
-
-
withholding
44
131
-
-
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
46
138
-
-
Income
800
800
800
800
Total tax
255
400
209
263
After tax
545
400
591
537
Living cost
398
398
398
398
Free-cash
147
2
193
139

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
€252
€242
€264
€216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
social contributions
-
-
-
125
income
-
-
-
62
health
-
-
-
20
total
-
-
-
207
Employee
779
779
779
-
health
8
13
12
-
social contributions
38
65
60
-
income
82
72
74
-
total
128
150
146
-
Employer
779
779
779
-
health
8
14
13
-
social contributions
38
65
60
-
total
46
79
73
-
Corporate
298
-
-
-
income
37
-
-
-
total
37
-
-
-
Dividends
260
-
-
-
withholding
44
-
-
-
total
44
-
-
-
Income
800
800
800
800
Total tax
255
229
219
207
After tax
545
571
581
593
Living cost
329
329
329
329
Free-cash
216
242
252
264

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
€282
€270
€373
€275
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
-
-
-
800
unemployment
-
-
-
12
income
-
-
-
98
pensions
-
-
-
80
health
-
-
-
56
total
-
-
-
246
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.

262
104
669
-
health
18
7
47
-
pensions
26
10
67
-
unemployment
4
2
10
-
income
32
13
82
-
total
80
32
206
-
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.

262
104
669
-
pensions
51
20
131
-
total
51
20
131
-
Corporate
487
675
-
-
income
44
61
-
-
total
44
61
-
-
Dividends
443
615
-
-
withholding
84
117
-
-
social contributions
85
119
-
-
total
169
236
-
-
Income
800
800
800
800
Total tax
344
349
337
246
After tax
456
451
463
554
Living cost
181
181
181
181
Free-cash
275
270
282
373

Estimated living cost  is €181 per week

€124
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.
€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 Budapest model

Close
Tallinn , Estonia
€215
€395
€184
€332
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
-
-
-
800
income
-
-
-
107
pensions
-
-
-
160
health
-
-
-
104
total
-
-
-
371
Employee
287
-
598
-
unemployment
5
-
10
-
pensions
6
-
12
-
income
32
-
115
-
total
43
-
137
-
Employer
287
-
598
-
unemployment
2
-
5
-
health
37
-
78
-
pensions
58
-
120
-
total
97
-
203
-
Corporate
415
800
-
-
income
83
160
-
-
total
83
160
-
-
Dividends
332
640
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
223
160
340
371
After tax
577
640
460
429
Living cost
245
245
245
245
Free-cash
332
395
215
184

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
€179
-€161
€324
€30
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
-
-
-
800
other
-
-
-
4
income
-
-
-
178
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
250
Employee
356
-
665
-
health
41
-
76
-
pensions
40
-
75
-
income
49
-
109
-
total
130
-
260
-
Employer
356
-
665
-
unemployment
9
-
16
-
accident
6
-
11
-
pensions
58
-
108
-
total
73
-
135
-
Corporate
371
800
-
-
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.

334
720
-
-
total
334
720
-
-
Dividends
37
80
-
-
withholding
7
15
-
-
total
7
15
-
-
Income
800
800
800
800
Total tax
544
735
395
250
After tax
256
65
405
550
Living cost
226
226
226
226
Free-cash
30
-161
179
324

Estimated living cost  is €226 per week

€166
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
€558
€678
€710
€662
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%.

-
-
-
800
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
-
800
-
income
21
-
160
-
total
21
-
160
-
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%.

697
800
-
-
total
-
-
-
-
Dividends
697
800
-
-
withholding
35
40
-
-
total
35
40
-
-
Income
800
800
800
800
Total tax
56
40
160
8
After tax
744
760
640
792
Living cost
82
82
82
82
Free-cash
662
678
558
710

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
€199
€318
€163
€249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
other
-
-
-
38
income
-
-
-
102
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.

-
-
-
192
health
-
-
-
35
total
-
-
-
367
Employee
368
-
639
-
health
5
-
9
-
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
-
45
-
unemployment
4
-
6
-
income
63
-
110
-
total
98
-
170
-
Employer
368
-
639
-
unemployment
4
-
6
-
accident
3
-
5
-
health
5
-
9
-
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
-
109
-
other
18
-
32
-
total
93
-
161
-
Corporate
339
800
-
-
income
71
168
-
-
total
71
168
-
-
Dividends
268
632
-
-
withholding
19
44
-
-
total
19
44
-
-
Income
800
800
800
800
Total tax
281
212
331
367
After tax
519
588
469
433
Living cost
270
270
270
270
Free-cash
249
318
199
163

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
-€173
-€83
-€86
-€297
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
-
-
-
800
income
-
-
-
149
pensions
-
-
-
55
total
-
-
-
204
Employee
965
-
708
-
health
16
-
11
-
pensions
93
-
62
-
income
174
-
127
-
total
283
-
200
-
Employer
965
-
708
-
health
18
-
13
-
pensions
114
-
78
-
total
132
-
91
-
Corporate
-
800
-
-
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.

-
152
-
-
total
-
152
-
-
Dividends
-
648
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
800
800
800
800
Total tax
415
201
291
204
After tax
385
599
509
596
Living cost
682
682
682
682
Free-cash
-297
-83
-173
-86

Estimated living cost  is €682 per week

€511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€474
€551
€453
€504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
unemployment
-
-
-
1
income
-
-
-
120
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
214
Employee
176
-
731
-
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
-
73
-
total
43
-
124
-
Employer
176
-
731
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
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
-
total
34
-
69
-
Corporate
589
800
-
-
income
59
80
-
-
total
59
80
-
-
Dividends
531
720
-
-
withholding
27
36
-
-
total
27
36
-
-
Income
800
800
800
800
Total tax
163
116
193
214
After tax
637
684
607
586
Living cost
133
133
133
133
Free-cash
504
551
474
453

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
-€344
-€287
-€107
-€304
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
-
-
-
800
income
-
-
-
117
pensions
-
-
-
119
health
-
-
-
109
total
-
-
-
345
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
-
unemployment
34
31
31
-
health
65
60
60
-
pensions
65
60
60
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
542
525
582
345
After tax
258
275
218
455
Living cost
562
562
562
562
Free-cash
-304
-287
-344
-107

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
€157
€303
€141
€214
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
-
-
-
800
solidarity contribution
-
-
-
-
social contributions
-
-
-
234
income
-
-
-
69
health
-
-
-
108
total
-
-
-
411
Employee
364
-
597
-
health
49
-
81
-
social contributions
24
-
39
-
solidarity contribution
-
-
-
-
income
44
-
72
-
total
117
-
192
-
Employer
364
-
597
-
health
33
-
54
-
social contributions
91
-
149
-
total
124
-
203
-
Corporate
312
800
-
-
income
59
152
-
-
total
59
152
-
-
Dividends
253
648
-
-
withholding
38
97
-
-
total
38
97
-
-
Income
800
800
800
800
Total tax
338
249
395
411
After tax
462
551
405
389
Living cost
248
248
248
248
Free-cash
214
303
157
141

Estimated living cost  is €248 per week

€172
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.
€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 Brno model

Close
Milan , Italy
-€41
-€1
-€2
-€101
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
-
-
-
800
municipal
-
-
-
5
social contributions
-
-
-
206
national
-
-
-
155
regional
-
-
-
8
total
-
-
-
374
Employee
901
-
800
-
social contributions
304
-
270
-
national
156
-
132
-
regional
8
-
7
-
municipal
5
-
4
-
total
473
-
413
-
Employer
901
-
800
-
total
-
-
-
-
Corporate
-
800
-
-
municipal
-
31
-
-
nationa
-
192
-
-
total
-
223
-
-
Dividends
-
577
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
800
800
800
800
Total tax
473
373
413
374
After tax
327
427
387
426
Living cost
428
428
428
428
Free-cash
-101
-1
-41
-2

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
€192
€279
€210
€247
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
-
-
-
800
surtax
-
-
-
13
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
134
pensions
-
-
-
160
health
-
-
-
57
total
-
-
-
366
Employee
335
-
661
-
health
9
-
17
-
pensions
22
-
44
-
unemployment
23
-
46
-
surtax
1
-
12
-
other
-
-
-
-
income
56
-
126
-
total
111
-
245
-
Employer
335
-
661
-
unemployment
11
-
21
-
health
15
-
30
-
pensions
45
-
88
-
other
-
-
-
-
total
71
-
139
-
Corporate
394
800
-
-
income
103
208
-
-
total
103
208
-
-
Dividends
292
592
-
-
withholding
44
89
-
-
total
44
89
-
-
Income
800
800
800
800
Total tax
329
297
384
366
After tax
471
503
416
434
Living cost
224
224
224
224
Free-cash
247
279
192
210

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
€43
€133
€130
€54
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
-
-
-
800
income
-
-
-
149
pensions
-
-
-
55
total
-
-
-
204
Employee
647
-
708
-
health
9
-
11
-
pensions
55
-
62
-
income
117
-
127
-
total
181
-
200
-
Employer
647
-
708
-
health
12
-
13
-
pensions
70
-
78
-
total
82
-
91
-
Corporate
71
800
-
-
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.

13
152
-
-
total
13
152
-
-
Dividends
57
648
-
-
withholding
4
49
-
-
total
4
49
-
-
Income
800
800
800
800
Total tax
280
201
291
204
After tax
520
599
509
596
Living cost
466
466
466
466
Free-cash
54
133
43
130

Estimated living cost  is €466 per week

€349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€169
-€435
-€127
-€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
-
-
-
800
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.

-
-
-
16
national
-
-
-
3
pensions
-
-
-
74
regional
-
-
-
22
health
-
-
-
3
total
-
-
-
126
Employee
938
-
716
-
health
2
-
2
-
pensions
79
-
60
-
unemployment
-
-
-
-
city
10
-
8
-
national
4
-
3
-
regional
31
-
19
-
total
126
-
92
-
Employer
938
-
716
-
unemployment
-
-
-
-
health
2
-
2
-
pensions
79
-
60
-
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
-
14
-
total
100
-
76
-
Corporate
-
800
-
-
regional
-
169
-
-
national
-
68
-
-
total
-
237
-
-
Dividends
-
563
-
-
withholding
-
197
-
-
total
-
197
-
-
Income
800
800
800
800
Total tax
226
434
168
126
After tax
574
366
632
674
Living cost
801
801
801
801
Free-cash
-227
-435
-169
-127

Estimated living cost  is €801 per week

€521
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.
€199
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
€127
-€68
€71
€95
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.

-
-
-
800
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.

-
-
-
7
trade
-
-
-
56
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.

-
-
-
133
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
total
-
-
-
265
Employee

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

609
-
800
-
health

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

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

69
-
69
-
surtax

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

4
-
7
-
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
-
133
-
total
145
-
209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
191
800
-
-
chamber of commerce
2
3
-
-
trade
33
137
-
-
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
-
-
income
29
120
-
-
total
66
267
-
-
Dividends
126
534
-
-
withholding
28
130
-
-
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
30
137
-
-
Income
800
800
800
800
Total tax
241
404
209
265
After tax
559
396
591
535
Living cost
464
464
464
464
Free-cash
95
-68
127
71

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
€128
€56
€116
€116
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
-
-
-
800
surtax
-
-
-
-
other
-
-
-
25
social contributions
-
-
-
23
income
-
-
-
45
pensions
-
-
-
237
health
-
-
-
7
total
-
-
-
337
Employee
434
-
610
-
social contributions
12
-
17
-
pensions
49
-
69
-
surtax
-
-
-
-
income
26
-
48
-
total
87
-
134
-
Employer
434
-
610
-
unemployment
18
-
25
-
health
30
-
43
-
pensions
71
-
100
-
other
15
-
21
-
social contributions
1
-
2
-
total
135
-
191
-
Corporate
231
800
-
-
surtax
-
-
-
-
income
65
224
-
-
total
65
224
-
-
Dividends
166
576
-
-
withholding
21
74
-
-
surtax
-
-
-
-
social contributions
29
99
-
-
total
50
173
-
-
Income
800
800
800
800
Total tax
337
397
325
337
After tax
463
403
475
463
Living cost
347
347
347
347
Free-cash
116
56
128
116

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
€163
€91
€151
€147
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
-
-
-
800
surtax
-
-
-
-
other
-
-
-
25
social contributions
-
-
-
23
income
-
-
-
45
pensions
-
-
-
237
health
-
-
-
7
total
-
-
-
337
Employee
387
-
610
-
social contributions
11
-
17
-
pensions
44
-
69
-
surtax
-
-
-
-
income
20
-
48
-
total
75
-
134
-
Employer
387
-
610
-
unemployment
16
-
25
-
health
27
-
43
-
pensions
64
-
100
-
other
13
-
21
-
social contributions
1
-
2
-
total
121
-
191
-
Corporate
292
800
-
-
surtax
-
-
-
-
income
82
224
-
-
total
82
224
-
-
Dividends
210
576
-
-
withholding
27
74
-
-
surtax
-
-
-
-
social contributions
36
99
-
-
total
63
173
-
-
Income
800
800
800
800
Total tax
341
397
325
337
After tax
459
403
475
463
Living cost
312
312
312
312
Free-cash
147
91
163
151

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
€311
€273
€299
€279
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
-
-
-
800
social contributions
-
-
-
110
income
-
-
-
120
health
-
-
-
56
total
-
-
-
286
Employee
344
-
800
-
health
24
-
56
-
social contributions
47
-
110
-
income
57
-
108
-
total
128
-
274
-
Employer
344
-
800
-
total
-
-
-
-
Corporate
456
800
-
-
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%.

23
40
-
-
total
23
40
-
-
Dividends
434
760
-
-
withholding
65
114
-
-
health
30
53
-
-
social contributions
60
105
-
-
total
155
272
-
-
Income
800
800
800
800
Total tax
306
312
274
286
After tax
494
488
526
514
Living cost
215
215
215
215
Free-cash
279
273
311
299

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
-€84
€96
€69
€79
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
-
-
-
800
surtax
-
-
-
2
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
income
-
-
-
98
pensions
-
-
-
148
health
-
-
-
61
total
-
-
-
374
Employee
506
404
620
-
health
20
16
24
-
pensions
52
41
63
-
unemployment
15
12
19
-
other
5
4
6
-
income
58
30
90
-
total
150
103
202
-
Employer
506
404
620
-
unemployment
15
12
19
-
payroll
15
12
19
-
accident
7
5
8
-
health
19
15
23
-
pensions
64
51
78
-
other
24
19
29
-
surtax
2
2
2
-
chamber of commerce
2
2
2
-
total
148
118
180
-
Corporate
146
278
581
-
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.

36
69
145
-
total
36
69
145
-
Dividends
109
208
-
-
withholding
30
57
-
-
total
30
57
-
-
Income
800
800
800
800
Total tax
364
347
527
374
After tax
436
453
273
426
Living cost
357
357
357
357
Free-cash
79
96
-84
69

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
-€44
€80
€28
-€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
-
-
-
800
social contributions
-
-
-
113
communal

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

-
-
-
41
national
-
-
-
248
total
-
-
-
402
Employee

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

725
-
620
-
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
-
29
-
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
-
46
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
5
-
national
223
-
182
-
communal

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

38
-
32
-
total
355
-
294
-
Employer

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

725
-
620
-
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
-
9
-
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
-
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
-
38
-
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
-
55
-
surtax
82
-
70
-
total
211
-
180
-
Corporate
-
800
-
-
surtax
-
3
-
-
income
-
160
-
-
total
-
163
-
-
Dividends
-
637
-
-
withholding

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

-
187
-
-
total
-
187
-
-
Income
800
800
800
800
Total tax
566
350
474
402
After tax
234
450
326
398
Living cost
370
370
370
370
Free-cash
-136
80
-44
28

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
€67
€174
€61
€93
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
133
pensions
-
-
-
226
accident
-
-
-
7
total
-
-
-
373
Employee
504
-
607
-
pensions
24
-
29
-
unemployment
8
-
9
-
other
-
-
1
-
income
106
-
135
-
total
138
-
174
-
Employer
504
-
607
-
unemployment
28
-
33
-
accident
10
-
12
-
pensions
119
-
143
-
other
4
-
5
-
total
161
-
193
-
Corporate
135
800
-
-
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.

20
120
-
-
total
20
120
-
-
Dividends
114
680
-
-
withholding
22
140
-
-
total
22
140
-
-
Income
800
800
800
800
Total tax
341
260
367
373
After tax
459
540
433
427
Living cost
366
366
366
366
Free-cash
93
174
67
61

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
-€31
-€56
-€73
-€58
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
surtax
-
-
-
40
income
-
-
-
48
communal
-
-
-
51
pensions
-
-
-
120
accident
-
-
-
7
health
-
-
-
56
total
-
-
-
322
Employee
767
-
715
-
health
34
-
32
-
pensions
61
-
57
-
surtax
47
-
44
-
income
74
-
62
-
total
216
-
195
-
Employer
767
-
715
-
accident
7
-
6
-
health
23
-
22
-
pensions
61
-
57
-
total
91
-
85
-
Corporate
-
800
-
-
communal
-
54
-
-
surtax
-
8
-
-
income
-
120
-
-
total
-
182
-
-
Dividends
-
618
-
-
withholding
-
93
-
-
income
-
30
-
-
total
-
123
-
-
Income
800
800
800
800
Total tax
307
305
280
322
After tax
493
495
520
478
Living cost
551
551
551
551
Free-cash
-58
-56
-31
-73

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
€188
€275
€206
€241
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
-
-
-
800
surtax
-
-
-
13
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
134
pensions
-
-
-
160
health
-
-
-
57
total
-
-
-
366
Employee
341
-
661
-
health
9
-
17
-
pensions
23
-
44
-
unemployment
24
-
46
-
surtax
1
-
12
-
other
-
-
-
-
income
57
-
126
-
total
114
-
245
-
Employer
341
-
661
-
unemployment
11
-
21
-
health
16
-
30
-
pensions
46
-
88
-
other
-
-
-
-
total
73
-
139
-
Corporate
387
800
-
-
income
101
208
-
-
total
101
208
-
-
Dividends
286
592
-
-
withholding
43
89
-
-
total
43
89
-
-
Income
800
800
800
800
Total tax
331
297
384
366
After tax
469
503
416
434
Living cost
228
228
228
228
Free-cash
241
275
188
206

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
€110
€147
€149
€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
-
-
-
800
municipal
-
-
-
5
social contributions
-
-
-
206
national
-
-
-
155
regional
-
-
-
12
total
-
-
-
378
Employee
562
-
800
-
social contributions
190
-
270
-
national
89
-
132
-
regional
8
-
11
-
municipal
3
-
4
-
total
290
-
417
-
Employer
562
-
800
-
total
-
-
-
-
Corporate
238
800
-
-
municipal
12
40
-
-
nationa
57
192
-
-
total
69
232
-
-
Dividends
169
568
-
-
withholding
44
148
-
-
total
44
148
-
-
Income
800
800
800
800
Total tax
403
380
417
378
After tax
397
420
383
422
Living cost
273
273
273
273
Free-cash
124
147
110
149

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
€100
€246
€84
€137
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
-
-
-
800
solidarity contribution
-
-
-
-
social contributions
-
-
-
234
income
-
-
-
69
health
-
-
-
108
total
-
-
-
411
Employee
449
-
597
-
health
61
-
81
-
social contributions
29
-
39
-
solidarity contribution
-
-
-
-
income
54
-
72
-
total
144
-
192
-
Employer
449
-
597
-
health
40
-
54
-
social contributions
112
-
149
-
total
152
-
203
-
Corporate
199
800
-
-
income
38
152
-
-
total
38
152
-
-
Dividends
161
648
-
-
withholding
24
97
-
-
total
24
97
-
-
Income
800
800
800
800
Total tax
358
249
395
411
After tax
442
551
405
389
Living cost
305
305
305
305
Free-cash
137
246
100
84

Estimated living cost  is €305 per week

€227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-€52
€130
€105
€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
-
-
-
800
surtax
-
-
-
-
chamber of commerce
-
-
-
3
unemployment
-
-
-
62
income
-
-
-
98
pensions
-
-
-
148
health
-
-
-
61
total
-
-
-
372
Employee
443
404
621
-
health
17
16
24
-
pensions
45
41
64
-
unemployment
13
12
19
-
other
4
4
6
-
income
39
30
91
-
total
118
103
204
-
Employer
443
404
621
-
unemployment
13
12
19
-
payroll
13
12
19
-
accident
6
5
8
-
health
17
15
23
-
pensions
56
51
78
-
other
21
19
30
-
surtax
-
-
-
-
chamber of commerce
2
2
2
-
total
128
116
179
-
Corporate
230
280
583
-
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.

57
70
146
-
total
57
70
146
-
Dividends
172
210
-
-
withholding
47
58
-
-
total
47
58
-
-
Income
800
800
800
800
Total tax
350
347
529
372
After tax
450
453
271
428
Living cost
323
323
323
323
Free-cash
127
130
-52
105

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
€512
€632
€664
€608
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%.

-
-
-
800
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
-
800
-
income
32
-
160
-
total
32
-
160
-
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%.

640
800
-
-
total
-
-
-
-
Dividends
640
800
-
-
withholding
32
40
-
-
total
32
40
-
-
Income
800
800
800
800
Total tax
64
40
160
8
After tax
736
760
640
792
Living cost
128
128
128
128
Free-cash
608
632
512
664

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
€129
€279
€151
€194
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.

-
-
-
800
unemployment
-
-
-
1
income
-
-
-
151
pensions
-
-
-
146
health
-
-
-
79
total
-
-
-
377
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
-
692
-
health
29
-
45
-
pensions
69
-
107
-
unemployment
1
-
1
-
income
77
-
139
-
total
176
-
292
-
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
-
692
-
unemployment
-
-
-
-
health
30
-
46
-
pensions
40
-
61
-
total
70
-
107
-
Corporate
282
800
-
-
income
54
152
-
-
total
54
152
-
-
Dividends
229
648
-
-
withholding
34
97
-
-
total
34
97
-
-
Income
800
800
800
800
Total tax
334
249
399
377
After tax
466
551
401
423
Living cost
272
272
272
272
Free-cash
194
279
129
151

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
€233
€52
€118
-€702
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
-
-
-
800
social contributions
-
-
-
91
income
-
-
-
156
total
-
-
-
247
Employee
623
-
-
-
social contributions
51
-
7
-
income
137
-
-
-
total
188
-
7
-
Employer
623
-
-
-
social contributions
879
-
125
-
total
879
-
125
-
Corporate
-
800
-
-
income
-
176
-
-
total
-
176
-
-
Dividends
-
624
-
-
income
-
137
-
-
total
-
137
-
-
Income
800
800
800
800
Total tax
1 067
313
132
247
After tax
-267
487
668
553
Living cost
435
435
435
435
Free-cash
-702
52
233
118

Estimated living cost  is €435 per week

€282
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
€102
€137
€135
€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

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.

-
-
-
800
surtax
-
-
-
-
social contributions

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

-
-
-
278
income
-
-
-
69
total
-
-
-
347
Employee
466
-
646
-
social contributions
51
-
71
-
surtax
-
-
-
-
income
97
-
155
-
total
148
-
226
-
Employer
466
-
646
-
social contributions
111
-
154
-
total
111
-
154
-
Corporate
223
800
-
-
surtax
-
-
-
-
income
47
168
-
-
total
47
168
-
-
Dividends
176
632
-
-
withholding
49
177
-
-
total
49
177
-
-
Income
800
800
800
800
Total tax
355
345
380
347
After tax
445
455
420
453
Living cost
318
318
318
318
Free-cash
127
137
102
135

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
-€14
-€86
-€26
-€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
-
-
-
800
surtax
-
-
-
-
other
-
-
-
25
social contributions
-
-
-
23
income
-
-
-
45
pensions
-
-
-
237
health
-
-
-
7
total
-
-
-
337
Employee
635
-
610
-
social contributions
18
-
17
-
pensions
72
-
69
-
surtax
-
-
-
-
income
55
-
48
-
total
145
-
134
-
Employer
635
-
610
-
unemployment
26
-
25
-
health
44
-
43
-
pensions
104
-
100
-
other
22
-
21
-
social contributions
2
-
2
-
total
198
-
191
-
Corporate
-
800
-
-
surtax
-
-
-
-
income
-
224
-
-
total
-
224
-
-
Dividends
-
576
-
-
withholding
-
74
-
-
surtax
-
-
-
-
social contributions
-
99
-
-
total
-
173
-
-
Income
800
800
800
800
Total tax
343
397
325
337
After tax
457
403
475
463
Living cost
489
489
489
489
Free-cash
-32
-86
-14
-26

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
€334
€415
€311
€382
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
-
-
-
800
income
-
-
-
8
social contributions
-
-
-
176
total
-
-
-
184
Employee
326
-
693
-
social contributions
21
-
45
-
income
-
-
9
-
total
21
-
54
-
Employer
326
-
693
-
social contributions
50
-
107
-
total
50
-
107
-
Corporate
424
800
-
-
income
42
80
-
-
total
42
80
-
-
Dividends
381
720
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
113
80
161
184
After tax
687
720
639
616
Living cost
305
305
305
305
Free-cash
382
415
334
311

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
-€1409
-€1409
€17
-€1409
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
-
-
-
800
municipal
-
-
-
141
labour market
-
-
-
63
national
-
-
-
82
pensions
-
-
-
9
total
-
-
-
295
Employee
2 060
2 060
2 060
-
pensions
3
3
3
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
pensions
6
6
6
-
national
252
252
252
-
labour market
165
165
165
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
800
800
800
800
Total tax
1 721
1 721
1 721
295
After tax
-921
-921
-921
505
Living cost
488
488
488
488
Free-cash
-1 409
-1 409
-1 409
17

Estimated living cost  is €488 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.
€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.
€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
€182
-€158
€327
€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
-
-
-
800
other
-
-
-
4
income
-
-
-
178
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
250
Employee
351
-
665
-
health
40
-
76
-
pensions
39
-
75
-
income
48
-
109
-
total
127
-
260
-
Employer
351
-
665
-
unemployment
9
-
16
-
accident
6
-
11
-
pensions
57
-
108
-
total
72
-
135
-
Corporate
378
800
-
-
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.

340
720
-
-
total
340
720
-
-
Dividends
38
80
-
-
withholding
7
15
-
-
total
7
15
-
-
Income
800
800
800
800
Total tax
546
735
395
250
After tax
254
65
405
550
Living cost
223
223
223
223
Free-cash
31
-158
182
327

Estimated living cost  is €223 per week

€162
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
€85
€157
€201
€116
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

-
-
-
800
municipal
-
-
-
143
national
-
-
-
59
health
-
-
-
8
total
-
-
-
210
Employee
533
-
673
-
health
4
-
6
-
pensions
36
-
45
-
unemployment
8
-
10
-
national
9
-
28
-
municipal
87
-
110
-
total
144
-
199
-
Employer
533
-
673
-
unemployment
3
-
4
-
accident
1
-
1
-
health
4
-
5
-
pensions
92
-
117
-
total
100
-
127
-
Corporate
166
800
-
-
income
33
160
-
-
total
33
160
-
-
Dividends

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

100
480
-
-
national
-
8
-
-
municipal
18
86
-
-
total
18
94
-
-
Income
800
800
800
800
Total tax
295
254
326
210
After tax
505
546
474
590
Living cost
389
389
389
389
Free-cash
116
157
85
201

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
€346
€336
€358
€297
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
-
-
-
800
social contributions
-
-
-
125
income
-
-
-
62
health
-
-
-
20
total
-
-
-
207
Employee
779
779
779
-
health
6
13
12
-
social contributions
29
65
60
-
income
85
72
74
-
total
120
150
146
-
Employer
779
779
779
-
health
7
14
13
-
social contributions
29
65
60
-
total
36
79
73
-
Corporate
409
-
-
-
income
51
-
-
-
total
51
-
-
-
Dividends
358
-
-
-
withholding
61
-
-
-
total
61
-
-
-
Income
800
800
800
800
Total tax
268
229
219
207
After tax
532
571
581
593
Living cost
235
235
235
235
Free-cash
297
336
346
358

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
€332
€501
€465
€449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
800
unemployment
-
-
-
-
income
-
-
-
73
pensions
-
-
-
64
health
-
-
-
37
total
-
-
-
174
Employee

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

233
-
725
-
health
20
-
62
-
pensions
35
-
109
-
unemployment
1
-
4
-
income
16
-
57
-
total
72
-
232
-
Employer

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

233
-
725
-
unemployment
1
-
4
-
health
10
-
31
-
pensions
13
-
40
-
total
24
-
75
-
Corporate
543
800
-
-
income
49
72
-
-
total
49
72
-
-
Dividends
495
728
-
-
withholding
45
66
-
-
total
45
66
-
-
Income
800
800
800
800
Total tax
190
138
307
174
After tax
610
662
493
626
Living cost
161
161
161
161
Free-cash
449
501
332
465

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
€154
€261
€148
€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
-
-
-
800
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
133
pensions
-
-
-
226
accident
-
-
-
7
total
-
-
-
373
Employee
375
-
607
-
pensions
18
-
29
-
unemployment
6
-
9
-
other
-
-
1
-
income
72
-
135
-
total
96
-
174
-
Employer
375
-
607
-
unemployment
21
-
33
-
accident
7
-
12
-
pensions
88
-
143
-
other
3
-
5
-
total
119
-
193
-
Corporate
306
800
-
-
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.

46
120
-
-
total
46
120
-
-
Dividends
260
680
-
-
withholding
52
140
-
-
total
52
140
-
-
Income
800
800
800
800
Total tax
313
260
367
373
After tax
487
540
433
427
Living cost
279
279
279
279
Free-cash
208
261
154
148

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
€485
€478
€487
€474
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
-
-
-
800
income
-
-
-
266
pensions
-
-
-
15
health
-
-
-
11
total
-
-
-
292
Employee
31
-
783
-
health
2
-
4
-
pensions
3
-
7
-
unemployment
-
-
1
-
income
6
-
265
-
total
11
-
277
-
Employer
31
-
783
-
unemployment
1
-
2
-
health
3
-
7
-
pensions
3
-
8
-
total
7
-
17
-
Corporate
761
800
-
-
income
168
176
-
-
total
168
176
-
-
Dividends
594
624
-
-
withholding
119
125
-
-
total
119
125
-
-
Income
800
800
800
800
Total tax
305
301
294
292
After tax
495
499
506
508
Living cost
21
21
21
21
Free-cash
474
478
485
487

Estimated living cost  is €21 per week

€12
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
€240
€403
€223
€353
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.

-
-
-
800
unemployment
-
-
-
11
income
-
-
-
119
pensions
-
-
-
195
health
-
-
-
77
total
-
-
-
402
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
-
679
-
health
14
-
35
-
pensions
37
-
95
-
unemployment
2
-
5
-
income
36
-
129
-
total
89
-
264
-
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
-
679
-
unemployment
2
-
5
-
health
14
-
35
-
pensions
32
-
81
-
total
48
-
121
-
Corporate
488
800
-
-
income
73
120
-
-
total
73
120
-
-
Dividends
415
680
-
-
withholding
62
102
-
-
total
62
102
-
-
Income
800
800
800
800
Total tax
272
222
385
402
After tax
528
578
415
398
Living cost
175
175
175
175
Free-cash
353
403
240
223

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
€147
€182
€180
€179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
800
surtax
-
-
-
-
social contributions

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

-
-
-
278
income
-
-
-
69
total
-
-
-
347
Employee
393
-
646
-
social contributions
43
-
71
-
surtax
-
-
-
-
income
77
-
155
-
total
120
-
226
-
Employer
393
-
646
-
social contributions
93
-
154
-
total
93
-
154
-
Corporate
313
800
-
-
surtax
-
-
-
-
income
66
168
-
-
total
66
168
-
-
Dividends
248
632
-
-
withholding
69
177
-
-
total
69
177
-
-
Income
800
800
800
800
Total tax
348
345
380
347
After tax
452
455
420
453
Living cost
273
273
273
273
Free-cash
179
182
147
180

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
€77
€184
€71
€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
-
-
-
800
other
-
-
-
1
unemployment
-
-
-
6
income
-
-
-
133
pensions
-
-
-
226
accident
-
-
-
7
total
-
-
-
373
Employee
489
-
607
-
pensions
23
-
29
-
unemployment
8
-
9
-
other
-
-
1
-
income
102
-
135
-
total
133
-
174
-
Employer
489
-
607
-
unemployment
27
-
33
-
accident
10
-
12
-
pensions
116
-
143
-
other
4
-
5
-
total
157
-
193
-
Corporate
155
800
-
-
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.

23
120
-
-
total
23
120
-
-
Dividends
131
680
-
-
withholding
25
140
-
-
total
25
140
-
-
Income
800
800
800
800
Total tax
338
260
367
373
After tax
462
540
433
427
Living cost
356
356
356
356
Free-cash
106
184
77
71

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
€433
€510
€412
€448
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
-
-
-
800
unemployment
-
-
-
1
income
-
-
-
120
pensions

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

-
-
-
52
health
-
-
-
41
total
-
-
-
214
Employee
231
-
731
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
pensions

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

20
-
31
-
income
23
-
73
-
total
57
-
124
-
Employer
231
-
731
-
unemployment
1
-
2
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
health
16
-
24
-
pensions

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

25
-
39
-
total
45
-
69
-
Corporate
524
800
-
-
income
52
80
-
-
total
52
80
-
-
Dividends
471
720
-
-
withholding
24
36
-
-
total
24
36
-
-
Income
800
800
800
800
Total tax
178
116
193
214
After tax
622
684
607
586
Living cost
174
174
174
174
Free-cash
448
510
433
412

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
€200
€22
€153
€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

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

-
-
-
800
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.

-
-
-
7
trade
-
-
-
47
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.

-
-
-
133
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
total
-
-
-
256
Employee

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

504
-
800
-
health

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

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

69
-
69
-
surtax

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

2
-
7
-
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
-
133
-
total
112
-
209
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
296
800
-
-
chamber of commerce
2
3
-
-
trade
42
115
-
-
surtax

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

2
7
-
-
income
44
120
-
-
total
90
245
-
-
Dividends
205
556
-
-
withholding
47
135
-
-
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
50
142
-
-
Income
800
800
800
800
Total tax
252
387
209
256
After tax
548
413
591
544
Living cost
391
391
391
391
Free-cash
157
22
200
153

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
€4
-€17
€4
€5
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
800
income
-
-
-
152
social contributions
-
-
-
67
total
-
-
-
219
Employee
793
-
800
-
social contributions
66
-
67
-
income
150
-
152
-
total
216
-
219
-
Employer
793
-
800
-
total
-
-
-
-
Corporate
7
800
-
-
income
1
100
-
-
total
1
100
-
-
Dividends
6
700
-
-
withholding
1
140
-
-
total
1
140
-
-
Income
800
800
800
800
Total tax
218
240
219
219
After tax
582
560
581
581
Living cost
577
577
577
577
Free-cash
5
-17
4
4

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
€215
€98
€82
€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

We use The Residence Programme or The Global Residence Programme.

-
-
-
800
income
-
-
-
288
health

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

-
-
-
62
total
-
-
-
350
Employee
465
-
753
-
social contributions
47
-
47
-
income
50
-
123
-
total
97
-
170
-
Employer
465
-
753
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
289
800
-
-
income
101
280
-
-
total
101
280
-
-
Dividends
188
520
-
-
social contributions
30
54
-
-
total
30
54
-
-
Income
800
800
800
800
Total tax
275
334
217
350
After tax
525
466
583
450
Living cost
368
368
368
368
Free-cash
157
98
215
82

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
€130
€220
€217
€162
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
-
-
-
800
income
-
-
-
149
pensions
-
-
-
55
total
-
-
-
204
Employee
520
-
708
-
health
7
-
11
-
pensions
40
-
62
-
income
95
-
127
-
total
142
-
200
-
Employer
520
-
708
-
health
10
-
13
-
pensions
53
-
78
-
total
63
-
91
-
Corporate
217
800
-
-
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.

41
152
-
-
total
41
152
-
-
Dividends
176
648
-
-
withholding
13
49
-
-
total
13
49
-
-
Income
800
800
800
800
Total tax
259
201
291
204
After tax
541
599
509
596
Living cost
379
379
379
379
Free-cash
162
220
130
217

Estimated living cost  is €379 per week

€260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
€160
-€180
€305
€29
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
-
-
-
800
other
-
-
-
4
income
-
-
-
178
pensions
-
-
-
43
accident
-
-
-
3
health
-
-
-
22
total
-
-
-
250
Employee
385
-
665
-
health
44
-
76
-
pensions
43
-
75
-
income
53
-
109
-
total
140
-
260
-
Employer
385
-
665
-
unemployment
9
-
16
-
accident
6
-
11
-
pensions
63
-
108
-
total
78
-
135
-
Corporate
336
800
-
-
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.

302
720
-
-
total
302
720
-
-
Dividends
34
80
-
-
withholding
6
15
-
-
total
6
15
-
-
Income
800
800
800
800
Total tax
526
735
395
250
After tax
274
65
405
550
Living cost
245
245
245
245
Free-cash
29
-180
160
305

Estimated living cost  is €245 per week

€180
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
€326
€543
€326
€494
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.

-
-
-
800
unemployment
-
-
-
10
health insurance
-
-
-
59
income
-
-
-
117
pensions
-
-
-
147
work injury
-
-
-
4
total
-
-
-
337
Employee

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

219
-
800
-
pensions
40
-
147
-
unemployment
3
-
10
-
work injury
1
-
4
-
health insurance
16
-
59
-
income
22
-
117
-
total
82
-
337
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
581
800
-
-
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
581
800
-
-
withholding
87
120
-
-
total
87
120
-
-
Income
800
800
800
800
Total tax
169
120
337
337
After tax
631
680
463
463
Living cost
137
137
137
137
Free-cash
494
543
326
326

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
-€23
€17
€16
-€54
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
-
-
-
800
municipal
-
-
-
5
social contributions
-
-
-
206
national
-
-
-
155
regional
-
-
-
14
total
-
-
-
380
Employee
854
-
800
-
social contributions
288
-
270
-
national
144
-
132
-
regional
13
-
12
-
municipal
5
-
5
-
total
450
-
419
-
Employer
854
-
800
-
total
-
-
-
-
Corporate
-
800
-
-
municipal
-
39
-
-
nationa
-
192
-
-
total
-
231
-
-
Dividends
-
569
-
-
withholding
-
148
-
-
total
-
148
-
-
Income
800
800
800
800
Total tax
450
379
419
380
After tax
350
421
381
420
Living cost
404
404
404
404
Free-cash
-54
17
-23
16

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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