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
€ 850
per

Your estimated
City
free-cash

Dresden , Germany
€122
€316
€256
€235
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.

-
-
-
850
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.

-
-
-
150
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.

-
-
-
8
health

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

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

-
-
-
69
trade
-
-
-
60
total
-
-
-
287
Employee

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

388
-
850
-
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
-
8
-
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
-
150
-
health

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

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

69
-
69
-
total
81
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
462
850
-
-
income
69
128
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
73
134
-
-
total
148
272
-
-
Dividends
314
579
-
-
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
8
-
-
withholding
75
141
-
-
total
79
149
-
-
Income
850
850
850
850
Total tax
308
421
227
287
After tax
542
429
623
563
Living cost
307
307
307
307
Free-cash
235
122
316
256

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
-€10
-€13
-€20
-€62
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
-
-
-
850
social contributions
-
-
-
9
municipal
-
-
-
86
national
-
-
-
133
pensions
-
-
-
102
total
-
-
-
330
Employee
837
-
735
-
municipal
103
-
89
-
pensions
33
-
29
-
national
160
-
138
-
total
296
-
256
-
Employer
837
-
735
-
pensions
67
-
59
-
social contributions
9
-
8
-
total
76
-
67
-
Corporate
-
850
-
-
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%.

-
170
-
-
total
-
170
-
-
Dividends
-
680
-
-
withholding
-
150
-
-
total
-
150
-
-
Income
850
850
850
850
Total tax
372
320
323
330
After tax
478
530
527
520
Living cost
540
540
540
540
Free-cash
-62
-10
-13
-20

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
€469
€270
€245
€385
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.

-
-
-
850
income
-
-
-
121
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.

-
-
-
273
microenterprise
-
-
-
-
total
-
-
-
394
Employee
296
-
685
-
surtax
-
-
-
-
social contributions

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

33
-
75
-
income
53
-
129
-
total
86
-
204
-
Employer
296
-
685
-
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
-
165
-
surtax
-
-
-
-
total
71
-
165
-
Corporate
483
850
-
-
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%.

97
170
-
-
total
97
170
-
-
Dividends

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

386
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
254
170
369
394
After tax
596
680
481
456
Living cost
211
211
211
211
Free-cash
385
469
270
245

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
-€100
-€157
€58
-€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
-
-
-
850
income
-
-
-
136
health
-
-
-
112
pensions
-
-
-
119
total
-
-
-
367
Employee
865
865
865
-
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
-
health
133
113
133
-
total
431
374
431
-
Employer
865
865
865
-
health
60
60
60
-
pensions
60
60
60
-
unemployment
31
31
31
-
total
151
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
582
525
582
367
After tax
268
325
268
483
Living cost
425
425
425
425
Free-cash
-157
-100
-157
58

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
€59
€49
€18
€51
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
2
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
municipal
-
-
-
180
national
-
-
-
-
pensions
-
-
-
92
total
-
-
-
427
Employee
577
-
647
-
municipal
172
-
193
-
national
-
-
-
-
total
172
-
193
-
Employer
577
-
647
-
health
35
-
40
-
pensions
62
-
70
-
accident
1
-
1
-
unemployment
15
-
17
-
other
67
-
75
-
total
180
-
203
-
Corporate
92
850
-
-
income
20
187
-
-
total
20
187
-
-
Dividends
72
663
-
-
withholding
22
199
-
-
total
22
199
-
-
Income
850
850
850
850
Total tax
394
386
396
427
After tax
456
464
454
423
Living cost
405
405
405
405
Free-cash
51
59
49
18

Estimated living cost  is €405 per week

€268
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.
€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 Stockholm model

Close
Hamburg , Germany
€27
€225
€163
€171
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.

-
-
-
850
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.

-
-
-
150
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.

-
-
-
8
health

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

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

-
-
-
69
trade
-
-
-
62
total
-
-
-
289
Employee

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

514
-
850
-
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
-
8
-
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
-
150
-
health

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

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

69
-
69
-
total
115
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
336
850
-
-
income
50
128
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
55
140
-
-
total
110
278
-
-
Dividends
226
573
-
-
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
8
-
-
withholding
53
139
-
-
total
56
147
-
-
Income
850
850
850
850
Total tax
281
425
227
289
After tax
569
425
623
561
Living cost
398
398
398
398
Free-cash
171
27
225
163

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
€292
€294
€295
€252
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
-
-
-
850
income
-
-
-
71
social contributions
-
-
-
133
health
-
-
-
22
total
-
-
-
226
Employee
779
779
779
-
social contributions
38
65
64
-
income
82
72
72
-
health
8
13
13
-
total
128
150
149
-
Employer
779
779
779
-
health
8
14
14
-
social contributions
38
65
64
-
total
46
79
78
-
Corporate
348
-
-
-
income
43
-
-
-
total
43
-
-
-
Dividends
304
-
-
-
withholding
52
-
-
-
total
52
-
-
-
Income
850
850
850
850
Total tax
269
229
227
226
After tax
581
621
623
624
Living cost
329
329
329
329
Free-cash
252
292
294
295

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
€299
€310
€406
€302
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
-
-
-
850
income
-
-
-
104
unemployment
-
-
-
13
health
-
-
-
60
pensions
-
-
-
85
total
-
-
-
262
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.

263
104
711
-
unemployment
4
2
11
-
pensions
26
10
71
-
income
32
13
87
-
health
18
7
50
-
total
80
32
219
-
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.

263
104
711
-
pensions
51
20
139
-
total
51
20
139
-
Corporate
536
725
-
-
income
48
65
-
-
total
48
65
-
-
Dividends
488
660
-
-
social contributions
94
127
-
-
withholding
93
125
-
-
total
187
252
-
-
Income
850
850
850
850
Total tax
366
369
358
262
After tax
484
481
492
588
Living cost
182
182
182
182
Free-cash
302
299
310
406

Estimated living cost  is €182 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
€435
€245
€211
€372
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
-
-
-
850
income
-
-
-
114
health
-
-
-
110
pensions
-
-
-
170
total
-
-
-
394
Employee
287
-
635
-
unemployment
5
-
10
-
pensions
6
-
13
-
income
32
-
122
-
total
43
-
145
-
Employer
287
-
635
-
health
37
-
83
-
pensions
58
-
127
-
unemployment
2
-
5
-
total
97
-
215
-
Corporate
465
850
-
-
income
93
170
-
-
total
93
170
-
-
Dividends
372
680
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
233
170
360
394
After tax
617
680
490
456
Living cost
245
245
245
245
Free-cash
372
435
245
211

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
-€157
€203
€358
€34
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
-
-
-
850
accident
-
-
-
3
income
-
-
-
194
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
266
Employee
356
-
708
-
pensions
40
-
78
-
income
49
-
120
-
health
41
-
81
-
total
130
-
279
-
Employer
356
-
708
-
pensions
58
-
113
-
accident
6
-
12
-
unemployment
9
-
17
-
total
73
-
142
-
Corporate
421
850
-
-
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.

379
765
-
-
total
379
765
-
-
Dividends
42
85
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
850
850
850
850
Total tax
590
781
421
266
After tax
260
69
429
584
Living cost
226
226
226
226
Free-cash
34
-157
203
358

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
€726
€598
€760
€711
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%.

-
-
-
850
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
102
-
850
-
income
20
-
170
-
total
20
-
170
-
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%.

748
850
-
-
total
-
-
-
-
Dividends
748
850
-
-
withholding
37
42
-
-
total
37
42
-
-
Income
850
850
850
850
Total tax
57
42
170
8
After tax
793
808
680
842
Living cost
82
82
82
82
Free-cash
711
726
598
760

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
€355
€227
€191
€285
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
-
-
-
850
income
-
-
-
108
other
-
-
-
40
health
-
-
-
37
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.

-
-
-
204
total
-
-
-
389
Employee
368
-
679
-
unemployment
4
-
7
-
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
-
48
-
income
63
-
117
-
health
5
-
10
-
total
98
-
182
-
Employer
368
-
679
-
health
5
-
10
-
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
-
115
-
accident
3
-
5
-
unemployment
4
-
7
-
other
18
-
34
-
total
93
-
171
-
Corporate
389
850
-
-
income
82
178
-
-
total
82
178
-
-
Dividends
308
672
-
-
withholding
22
47
-
-
total
22
47
-
-
Income
850
850
850
850
Total tax
295
225
353
389
After tax
555
625
497
461
Living cost
270
270
270
270
Free-cash
285
355
227
191

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
-€41
-€141
-€46
-€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
-
-
-
850
income
-
-
-
158
pensions
-
-
-
60
total
-
-
-
218
Employee
959
-
751
-
pensions
93
-
68
-
income
173
-
134
-
health
16
-
12
-
total
282
-
214
-
Employer
959
-
751
-
health
18
-
14
-
pensions
113
-
85
-
total
131
-
99
-
Corporate
-
850
-
-
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.

-
161
-
-
total
-
161
-
-
Dividends
-
689
-
-
withholding
-
52
-
-
total
-
52
-
-
Income
850
850
850
850
Total tax
413
213
313
218
After tax
437
637
537
632
Living cost
678
678
678
678
Free-cash
-241
-41
-141
-46

Estimated living cost  is €678 per week

€508
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
€594
€519
€496
€547
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
-
-
-
850
income
-
-
-
127
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
221
Employee
176
-
781
-
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
-
78
-
health
8
-
16
-
total
43
-
129
-
Employer
176
-
781
-
health
12
-
24
-
pensions

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

19
-
39
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
34
-
69
-
Corporate
640
850
-
-
income
64
85
-
-
total
64
85
-
-
Dividends
576
765
-
-
withholding
29
38
-
-
total
29
38
-
-
Income
850
850
850
850
Total tax
170
123
198
221
After tax
680
727
652
629
Living cost
133
133
133
133
Free-cash
547
594
519
496

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
-€237
-€294
-€79
-€254
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
-
-
-
850
income
-
-
-
136
health
-
-
-
112
pensions
-
-
-
119
total
-
-
-
367
Employee
940
865
865
-
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
-
health
117
113
133
-
total
378
374
431
-
Employer
940
865
865
-
health
65
60
60
-
pensions
65
60
60
-
unemployment
34
31
31
-
total
164
151
151
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
542
525
582
367
After tax
308
325
268
483
Living cost
562
562
562
562
Free-cash
-254
-237
-294
-79

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
€337
€182
€165
€248
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
-
-
-
850
income
-
-
-
73
social contributions
-
-
-
248
solidarity contribution
-
-
-
-
health
-
-
-
115
total
-
-
-
436
Employee
366
-
634
-
solidarity contribution
-
-
-
-
social contributions
24
-
41
-
income
44
-
76
-
health
49
-
86
-
total
117
-
203
-
Employer
366
-
634
-
health
33
-
57
-
social contributions
91
-
159
-
total
124
-
216
-
Corporate
360
850
-
-
income
68
161
-
-
total
68
161
-
-
Dividends
292
689
-
-
withholding
44
103
-
-
total
44
103
-
-
Income
850
850
850
850
Total tax
353
264
419
436
After tax
497
586
431
414
Living cost
249
249
249
249
Free-cash
248
337
182
165

Estimated living cost  is €249 per week

€173
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
€26
-€20
€20
-€51
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
219
regional
-
-
-
9
municipal
-
-
-
5
national
-
-
-
169
total
-
-
-
402
Employee
901
-
850
-
municipal
5
-
4
-
national
156
-
143
-
regional
8
-
8
-
social contributions
304
-
287
-
total
473
-
442
-
Employer
901
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
municipal
-
33
-
-
nationa
-
204
-
-
total
-
237
-
-
Dividends
-
613
-
-
withholding
-
159
-
-
total
-
159
-
-
Income
850
850
850
850
Total tax
473
396
442
402
After tax
377
454
408
448
Living cost
428
428
428
428
Free-cash
-51
26
-20
20

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
€311
€213
€230
€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
-
-
-
850
income
-
-
-
148
other
-
-
-
-
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
total
-
-
-
396
Employee
335
-
702
-
other
-
-
-
-
unemployment
23
-
49
-
pensions
22
-
47
-
surtax
1
-
14
-
income
56
-
137
-
health
9
-
18
-
total
111
-
265
-
Employer
335
-
702
-
health
15
-
32
-
pensions
45
-
94
-
unemployment
11
-
22
-
other
-
-
-
-
total
71
-
148
-
Corporate
444
850
-
-
income
116
221
-
-
total
116
221
-
-
Dividends
329
629
-
-
withholding
49
94
-
-
total
49
94
-
-
Income
850
850
850
850
Total tax
347
315
413
396
After tax
503
535
437
454
Living cost
224
224
224
224
Free-cash
279
311
213
230

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
€174
€74
€169
€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
-
-
-
850
income
-
-
-
158
pensions
-
-
-
60
total
-
-
-
218
Employee
643
-
751
-
pensions
55
-
68
-
income
116
-
134
-
health
9
-
12
-
total
180
-
214
-
Employer
643
-
751
-
health
12
-
14
-
pensions
70
-
85
-
total
82
-
99
-
Corporate
125
850
-
-
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.

24
161
-
-
total
24
161
-
-
Dividends
101
689
-
-
withholding
8
52
-
-
total
8
52
-
-
Income
850
850
850
850
Total tax
294
213
313
218
After tax
556
637
537
632
Living cost
463
463
463
463
Free-cash
93
174
74
169

Estimated living cost  is €463 per week

€347
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
-€412
-€130
-€87
-€177
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
-
-
-
850
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.

-
-
-
17
regional
-
-
-
25
health
-
-
-
3
city
-
-
-
9
national
-
-
-
4
pensions
-
-
-
78
total
-
-
-
136
Employee
937
-
761
-
unemployment
-
-
-
-
pensions
79
-
64
-
national
4
-
3
-
regional
31
-
21
-
city
10
-
8
-
health
2
-
2
-
total
126
-
98
-
Employer
937
-
761
-
health
2
-
2
-
pensions
79
-
64
-
unemployment
-
-
-
-
other

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

19
-
15
-
total
100
-
81
-
Corporate
-
850
-
-
regional
-
180
-
-
national
-
72
-
-
total
-
252
-
-
Dividends
-
598
-
-
withholding
-
209
-
-
total
-
209
-
-
Income
850
850
850
850
Total tax
226
461
179
136
After tax
624
389
671
714
Living cost
801
801
801
801
Free-cash
-177
-412
-130
-87

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.
€198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-€44
€159
€94
€122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
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.

-
-
-
150
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.

-
-
-
8
health

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

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

-
-
-
69
trade
-
-
-
65
total
-
-
-
292
Employee

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

609
-
850
-
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
-
8
-
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
-
150
-
health

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

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

69
-
69
-
total
145
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
241
850
-
-
income
36
128
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
41
146
-
-
total
81
284
-
-
Dividends
160
567
-
-
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
8
-
-
withholding
36
138
-
-
total
38
146
-
-
Income
850
850
850
850
Total tax
264
430
227
292
After tax
586
420
623
558
Living cost
464
464
464
464
Free-cash
122
-44
159
94

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
€82
€152
€147
€141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
58
other
-
-
-
26
surtax
-
-
-
-
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
total
-
-
-
356
Employee
434
-
648
-
pensions
49
-
73
-
surtax
-
-
-
-
social contributions
12
-
18
-
income
26
-
59
-
total
87
-
150
-
Employer
434
-
648
-
health
30
-
45
-
pensions
71
-
106
-
unemployment
18
-
26
-
social contributions
1
-
2
-
other
15
-
22
-
total
135
-
201
-
Corporate
281
850
-
-
income
79
238
-
-
surtax
-
-
-
-
total
79
238
-
-
Dividends
202
612
-
-
surtax
-
-
-
-
social contributions
35
105
-
-
withholding
26
78
-
-
total
61
183
-
-
Income
850
850
850
850
Total tax
362
421
351
356
After tax
488
429
499
494
Living cost
347
347
347
347
Free-cash
141
82
152
147

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
€117
€187
€182
€172
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
-
-
-
850
income
-
-
-
58
other
-
-
-
26
surtax
-
-
-
-
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
total
-
-
-
356
Employee
387
-
648
-
pensions
44
-
73
-
surtax
-
-
-
-
social contributions
11
-
18
-
income
20
-
59
-
total
75
-
150
-
Employer
387
-
648
-
health
27
-
45
-
pensions
64
-
106
-
unemployment
16
-
26
-
social contributions
1
-
2
-
other
13
-
22
-
total
121
-
201
-
Corporate
342
850
-
-
income
96
238
-
-
surtax
-
-
-
-
total
96
238
-
-
Dividends
246
612
-
-
surtax
-
-
-
-
social contributions
42
105
-
-
withholding
32
78
-
-
total
74
183
-
-
Income
850
850
850
850
Total tax
366
421
351
356
After tax
484
429
499
494
Living cost
312
312
312
312
Free-cash
172
117
187
182

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
€305
€341
€331
€310
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
-
-
-
850
income
-
-
-
128
social contributions
-
-
-
117
health
-
-
-
59
total
-
-
-
304
Employee
344
-
850
-
social contributions
47
-
117
-
income
57
-
118
-
health
24
-
59
-
total
128
-
294
-
Employer
344
-
850
-
total
-
-
-
-
Corporate
506
850
-
-
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%.

25
42
-
-
total
25
42
-
-
Dividends
481
808
-
-
social contributions
66
111
-
-
withholding
72
121
-
-
health
34
56
-
-
total
172
288
-
-
Income
850
850
850
850
Total tax
325
330
294
304
After tax
525
520
556
546
Living cost
215
215
215
215
Free-cash
310
305
341
331

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
€122
-€75
€94
€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
-
-
-
850
income
-
-
-
110
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
3
health
-
-
-
65
pensions
-
-
-
157
total
-
-
-
399
Employee
506
404
659
-
other
5
4
7
-
unemployment
15
12
20
-
pensions
52
41
67
-
income
58
30
101
-
health
20
16
25
-
total
150
103
220
-
Employer
506
404
659
-
chamber of commerce
2
2
3
-
health
19
15
25
-
pensions
64
51
83
-
accident
7
5
9
-
unemployment
15
12
20
-
surtax
2
2
2
-
payroll
15
12
20
-
other
24
19
31
-
total
148
118
193
-
Corporate
196
328
620
-
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.

49
82
155
-
total
49
82
155
-
Dividends
147
246
-
-
withholding
40
68
-
-
total
40
68
-
-
Income
850
850
850
850
Total tax
387
371
568
399
After tax
463
479
282
451
Living cost
357
357
357
357
Free-cash
106
122
-75
94

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
€108
-€28
€46
-€86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
communal

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

-
-
-
44
social contributions
-
-
-
124
national
-
-
-
266
total
-
-
-
434
Employee

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

725
-
658
-
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
-
6
-
communal

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

38
-
34
-
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
-
49
-
national
223
-
197
-
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
-
31
-
total
355
-
317
-
Employer

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

725
-
658
-
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
-
40
-
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
-
58
-
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
-
9
-
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
-
10
-
surtax
82
-
75
-
total
211
-
192
-
Corporate
-
850
-
-
income
-
170
-
-
surtax
-
3
-
-
total
-
173
-
-
Dividends
-
677
-
-
withholding

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

-
199
-
-
total
-
199
-
-
Income
850
850
850
850
Total tax
566
372
509
434
After tax
284
478
341
416
Living cost
370
370
370
370
Free-cash
-86
108
-28
46

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
€207
€92
€85
€126
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
-
-
-
850
accident
-
-
-
8
income
-
-
-
143
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
241
total
-
-
-
399
Employee
504
-
645
-
other
-
-
1
-
unemployment
8
-
10
-
pensions
24
-
30
-
income
106
-
146
-
total
138
-
187
-
Employer
504
-
645
-
pensions
119
-
152
-
accident
10
-
13
-
unemployment
28
-
35
-
other
4
-
5
-
total
161
-
205
-
Corporate
185
850
-
-
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.

28
128
-
-
total
28
128
-
-
Dividends
157
722
-
-
withholding
31
149
-
-
total
31
149
-
-
Income
850
850
850
850
Total tax
358
277
392
399
After tax
492
573
458
451
Living cost
366
366
366
366
Free-cash
126
207
92
85

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
-€26
-€6
-€47
-€8
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
communal
-
-
-
54
accident
-
-
-
7
income
-
-
-
56
surtax
-
-
-
42
health
-
-
-
60
pensions
-
-
-
127
total
-
-
-
346
Employee
767
-
759
-
pensions
61
-
61
-
surtax
47
-
47
-
income
74
-
72
-
health
34
-
34
-
total
216
-
214
-
Employer
767
-
759
-
health
23
-
23
-
pensions
61
-
61
-
accident
7
-
7
-
total
91
-
91
-
Corporate
-
850
-
-
communal
-
57
-
-
income
-
128
-
-
surtax
-
9
-
-
total
-
194
-
-
Dividends
-
656
-
-
income
-
33
-
-
withholding
-
98
-
-
total
-
131
-
-
Income
850
850
850
850
Total tax
307
325
305
346
After tax
543
525
545
504
Living cost
551
551
551
551
Free-cash
-8
-26
-6
-47

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
€307
€209
€226
€273
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
-
-
-
850
income
-
-
-
148
other
-
-
-
-
surtax
-
-
-
16
unemployment
-
-
-
2
health
-
-
-
60
pensions
-
-
-
170
total
-
-
-
396
Employee
341
-
702
-
other
-
-
-
-
unemployment
24
-
49
-
pensions
23
-
47
-
surtax
1
-
14
-
income
57
-
137
-
health
9
-
18
-
total
114
-
265
-
Employer
341
-
702
-
health
16
-
32
-
pensions
46
-
94
-
unemployment
11
-
22
-
other
-
-
-
-
total
73
-
148
-
Corporate
437
850
-
-
income
114
221
-
-
total
114
221
-
-
Dividends
323
629
-
-
withholding
48
94
-
-
total
48
94
-
-
Income
850
850
850
850
Total tax
349
315
413
396
After tax
501
535
437
454
Living cost
228
228
228
228
Free-cash
273
307
209
226

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
€174
€132
€171
€151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
social contributions
-
-
-
219
regional
-
-
-
13
municipal
-
-
-
5
national
-
-
-
169
total
-
-
-
406
Employee
562
-
850
-
municipal
3
-
4
-
national
89
-
143
-
regional
8
-
11
-
social contributions
190
-
287
-
total
290
-
445
-
Employer
562
-
850
-
total
-
-
-
-
Corporate
288
850
-
-
municipal
14
42
-
-
nationa
69
204
-
-
total
83
246
-
-
Dividends
204
604
-
-
withholding
53
157
-
-
total
53
157
-
-
Income
850
850
850
850
Total tax
426
403
445
406
After tax
424
447
405
444
Living cost
273
273
273
273
Free-cash
151
174
132
171

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
€280
€125
€108
€169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
73
social contributions
-
-
-
248
solidarity contribution
-
-
-
-
health
-
-
-
115
total
-
-
-
436
Employee
451
-
634
-
solidarity contribution
-
-
-
-
social contributions
29
-
41
-
income
54
-
76
-
health
61
-
86
-
total
144
-
203
-
Employer
451
-
634
-
health
41
-
57
-
social contributions
113
-
159
-
total
154
-
216
-
Corporate
246
850
-
-
income
47
161
-
-
total
47
161
-
-
Dividends
199
689
-
-
withholding
30
103
-
-
total
30
103
-
-
Income
850
850
850
850
Total tax
375
264
419
436
After tax
475
586
431
414
Living cost
306
306
306
306
Free-cash
169
280
125
108

Estimated living cost  is €306 per week

€228
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
€158
-€42
€130
€153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
110
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
3
health
-
-
-
65
pensions
-
-
-
157
total
-
-
-
397
Employee
443
404
660
-
other
4
4
7
-
unemployment
13
12
20
-
pensions
45
41
68
-
income
39
30
102
-
health
17
16
26
-
total
118
103
223
-
Employer
443
404
660
-
chamber of commerce
2
2
3
-
health
17
15
25
-
pensions
56
51
83
-
accident
6
5
9
-
unemployment
13
12
20
-
surtax
-
-
-
-
payroll
13
12
20
-
other
21
19
31
-
total
128
116
191
-
Corporate
280
330
622
-
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.

70
82
155
-
total
70
82
155
-
Dividends
210
247
-
-
withholding
58
68
-
-
total
58
68
-
-
Income
850
850
850
850
Total tax
374
369
569
397
After tax
476
481
281
453
Living cost
323
323
323
323
Free-cash
153
158
-42
130

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
€680
€553
€714
€656
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%.

-
-
-
850
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
159
-
850
-
income
32
-
170
-
total
32
-
170
-
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%.

691
850
-
-
total
-
-
-
-
Dividends
691
850
-
-
withholding
35
42
-
-
total
35
42
-
-
Income
850
850
850
850
Total tax
67
42
170
8
After tax
783
808
680
842
Living cost
128
128
128
128
Free-cash
656
680
553
714

Estimated living cost  is €128 per week

€86
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
€313
€151
€175
€229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
850
income
-
-
-
163
unemployment
-
-
-
1
health
-
-
-
84
pensions
-
-
-
155
total
-
-
-
403
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
-
735
-
unemployment
1
-
1
-
pensions
69
-
114
-
income
77
-
150
-
health
29
-
48
-
total
176
-
313
-
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
-
735
-
health
30
-
49
-
pensions
40
-
65
-
unemployment
-
-
-
-
total
70
-
114
-
Corporate
332
850
-
-
income
63
162
-
-
total
63
162
-
-
Dividends
269
688
-
-
withholding
40
103
-
-
total
40
103
-
-
Income
850
850
850
850
Total tax
349
265
427
403
After tax
501
585
423
447
Living cost
272
272
272
272
Free-cash
229
313
151
175

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
€82
€283
€152
-€653
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
-
-
-
850
income
-
-
-
166
social contributions
-
-
-
97
total
-
-
-
263
Employee
624
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
624
-
-
-
social contributions
879
-
125
-
total
879
-
125
-
Corporate
-
850
-
-
income
-
187
-
-
total
-
187
-
-
Dividends
-
663
-
-
income
-
146
-
-
total
-
146
-
-
Income
850
850
850
850
Total tax
1 068
333
132
263
After tax
-218
517
718
587
Living cost
435
435
435
435
Free-cash
-653
82
283
152

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
€166
€125
€162
€156
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.

-
-
-
850
income
-
-
-
75
surtax
-
-
-
-
social contributions

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

-
-
-
295
total
-
-
-
370
Employee
466
-
687
-
surtax
-
-
-
-
social contributions
51
-
76
-
income
97
-
168
-
total
148
-
244
-
Employer
466
-
687
-
social contributions
111
-
163
-
total
111
-
163
-
Corporate
273
850
-
-
income
57
178
-
-
surtax
-
-
-
-
total
57
178
-
-
Dividends
216
672
-
-
withholding
60
188
-
-
total
60
188
-
-
Income
850
850
850
850
Total tax
376
366
407
370
After tax
474
484
443
480
Living cost
318
318
318
318
Free-cash
156
166
125
162

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
-€60
€10
€5
€9
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
income
-
-
-
58
other
-
-
-
26
surtax
-
-
-
-
social contributions
-
-
-
24
health
-
-
-
7
pensions
-
-
-
241
total
-
-
-
356
Employee
635
-
648
-
pensions
72
-
73
-
surtax
-
-
-
-
social contributions
18
-
18
-
income
55
-
59
-
total
145
-
150
-
Employer
635
-
648
-
health
44
-
45
-
pensions
104
-
106
-
unemployment
26
-
26
-
social contributions
2
-
2
-
other
22
-
22
-
total
198
-
201
-
Corporate
17
850
-
-
income
5
238
-
-
surtax
-
-
-
-
total
5
238
-
-
Dividends
12
612
-
-
surtax
-
-
-
-
social contributions
2
105
-
-
withholding
2
78
-
-
total
4
183
-
-
Income
850
850
850
850
Total tax
352
421
351
356
After tax
498
429
499
494
Living cost
489
489
489
489
Free-cash
9
-60
10
5

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
€460
€372
€348
€427
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
-
-
-
850
income
-
-
-
10
social contributions
-
-
-
187
total
-
-
-
197
Employee
326
-
736
-
income
-
-
11
-
social contributions
21
-
48
-
total
21
-
59
-
Employer
326
-
736
-
social contributions
50
-
114
-
total
50
-
114
-
Corporate
474
850
-
-
income
47
85
-
-
total
47
85
-
-
Dividends
426
765
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
118
85
173
197
After tax
732
765
677
653
Living cost
305
305
305
305
Free-cash
427
460
372
348

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
-€1359
-€1359
€46
-€1359
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
-
-
-
850
labour market
-
-
-
67
municipal
-
-
-
152
national
-
-
-
88
pensions
-
-
-
9
total
-
-
-
316
Employee
2 060
2 060
2 060
-
municipal
439
439
439
-
labour market
165
165
165
-
pensions
3
3
3
-
national
252
252
252
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
national
252
252
252
-
labour market
165
165
165
-
pensions
6
6
6
-
municipal
439
439
439
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
850
850
850
850
Total tax
1 721
1 721
1 721
316
After tax
-871
-871
-871
534
Living cost
488
488
488
488
Free-cash
-1 359
-1 359
-1 359
46

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
-€154
€206
€361
€35
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
-
-
-
850
accident
-
-
-
3
income
-
-
-
194
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
266
Employee
351
-
708
-
pensions
39
-
78
-
income
48
-
120
-
health
40
-
81
-
total
127
-
279
-
Employer
351
-
708
-
pensions
57
-
113
-
accident
6
-
12
-
unemployment
9
-
17
-
total
72
-
142
-
Corporate
428
850
-
-
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.

385
765
-
-
total
385
765
-
-
Dividends
43
85
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
850
850
850
850
Total tax
592
781
421
266
After tax
258
69
429
584
Living cost
223
223
223
223
Free-cash
35
-154
206
361

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
€188
€107
€233
€151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
850
health
-
-
-
9
municipal
-
-
-
151
national
-
-
-
68
total
-
-
-
228
Employee
533
-
715
-
municipal
87
-
117
-
unemployment
8
-
11
-
pensions
36
-
48
-
national
9
-
35
-
health
4
-
7
-
total
144
-
218
-
Employer
533
-
715
-
health
4
-
6
-
pensions
92
-
124
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
136
-
Corporate
216
850
-
-
income
43
170
-
-
total
43
170
-
-
Dividends

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

130
510
-
-
municipal
23
92
-
-
national
-
11
-
-
total
23
103
-
-
Income
850
850
850
850
Total tax
310
273
354
228
After tax
540
577
496
622
Living cost
389
389
389
389
Free-cash
151
188
107
233

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
€386
€388
€389
€334
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
-
-
-
850
income
-
-
-
71
social contributions
-
-
-
133
health
-
-
-
22
total
-
-
-
226
Employee
779
779
779
-
social contributions
29
65
64
-
income
85
72
72
-
health
6
13
13
-
total
120
150
149
-
Employer
779
779
779
-
health
7
14
14
-
social contributions
29
65
64
-
total
36
79
78
-
Corporate
459
-
-
-
income
57
-
-
-
total
57
-
-
-
Dividends
402
-
-
-
withholding
68
-
-
-
total
68
-
-
-
Income
850
850
850
850
Total tax
281
229
227
226
After tax
569
621
623
624
Living cost
235
235
235
235
Free-cash
334
386
388
389

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
€543
€363
€509
€491
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
-
-
-
850
income
-
-
-
79
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
180
Employee

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

233
-
771
-
unemployment
1
-
4
-
pensions
35
-
116
-
income
16
-
61
-
health
20
-
66
-
total
72
-
247
-
Employer

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

233
-
771
-
health
10
-
33
-
pensions
13
-
42
-
unemployment
1
-
4
-
total
24
-
79
-
Corporate
593
850
-
-
income
53
76
-
-
total
53
76
-
-
Dividends
540
774
-
-
withholding
49
70
-
-
total
49
70
-
-
Income
850
850
850
850
Total tax
198
146
326
180
After tax
652
704
524
670
Living cost
161
161
161
161
Free-cash
491
543
363
509

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
€294
€179
€172
€242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
850
accident
-
-
-
8
income
-
-
-
143
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
241
total
-
-
-
399
Employee
375
-
645
-
other
-
-
1
-
unemployment
6
-
10
-
pensions
18
-
30
-
income
72
-
146
-
total
96
-
187
-
Employer
375
-
645
-
pensions
88
-
152
-
accident
7
-
13
-
unemployment
21
-
35
-
other
3
-
5
-
total
119
-
205
-
Corporate
356
850
-
-
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.

53
128
-
-
total
53
128
-
-
Dividends
302
722
-
-
withholding
61
149
-
-
total
61
149
-
-
Income
850
850
850
850
Total tax
329
277
392
399
After tax
521
573
458
451
Living cost
279
279
279
279
Free-cash
242
294
179
172

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
€509
€517
€519
€505
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
-
-
-
850
income
-
-
-
284
health
-
-
-
11
pensions
-
-
-
15
total
-
-
-
310
Employee
31
-
833
-
unemployment
-
-
1
-
pensions
3
-
7
-
income
6
-
283
-
health
2
-
4
-
total
11
-
295
-
Employer
31
-
833
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
2
-
total
7
-
17
-
Corporate
812
850
-
-
income
179
187
-
-
total
179
187
-
-
Dividends
633
663
-
-
withholding
127
133
-
-
total
127
133
-
-
Income
850
850
850
850
Total tax
324
320
312
310
After tax
526
530
538
540
Living cost
21
21
21
21
Free-cash
505
509
517
519

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
€440
€262
€255
€388
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.

-
-
-
850
income
-
-
-
137
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
195
total
-
-
-
420
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
-
721
-
unemployment
2
-
5
-
pensions
37
-
101
-
income
36
-
141
-
health
14
-
37
-
total
89
-
284
-
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
-
721
-
health
14
-
37
-
pensions
32
-
87
-
unemployment
2
-
5
-
total
48
-
129
-
Corporate
538
850
-
-
income
81
127
-
-
total
81
127
-
-
Dividends
458
723
-
-
withholding
69
108
-
-
total
69
108
-
-
Income
850
850
850
850
Total tax
287
235
413
420
After tax
563
615
437
430
Living cost
175
175
175
175
Free-cash
388
440
262
255

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
€211
€170
€207
€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

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.

-
-
-
850
income
-
-
-
75
surtax
-
-
-
-
social contributions

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

-
-
-
295
total
-
-
-
370
Employee
393
-
687
-
surtax
-
-
-
-
social contributions
43
-
76
-
income
77
-
168
-
total
120
-
244
-
Employer
393
-
687
-
social contributions
93
-
163
-
total
93
-
163
-
Corporate
363
850
-
-
income
76
178
-
-
surtax
-
-
-
-
total
76
178
-
-
Dividends
287
672
-
-
withholding
80
188
-
-
total
80
188
-
-
Income
850
850
850
850
Total tax
369
366
407
370
After tax
481
484
443
480
Living cost
273
273
273
273
Free-cash
208
211
170
207

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
€217
€102
€95
€139
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
-
-
-
850
accident
-
-
-
8
income
-
-
-
143
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
241
total
-
-
-
399
Employee
489
-
645
-
other
-
-
1
-
unemployment
8
-
10
-
pensions
23
-
30
-
income
102
-
146
-
total
133
-
187
-
Employer
489
-
645
-
pensions
116
-
152
-
accident
10
-
13
-
unemployment
27
-
35
-
other
4
-
5
-
total
157
-
205
-
Corporate
205
850
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

31
128
-
-
total
31
128
-
-
Dividends
174
722
-
-
withholding
34
149
-
-
total
34
149
-
-
Income
850
850
850
850
Total tax
355
277
392
399
After tax
495
573
458
451
Living cost
356
356
356
356
Free-cash
139
217
102
95

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
€553
€478
€455
€491
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
-
-
-
850
income
-
-
-
127
unemployment
-
-
-
1
health
-
-
-
41
pensions

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

-
-
-
52
total
-
-
-
221
Employee
231
-
781
-
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
-
78
-
health
11
-
16
-
total
57
-
129
-
Employer
231
-
781
-
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
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
total
45
-
69
-
Corporate
574
850
-
-
income
57
85
-
-
total
57
85
-
-
Dividends
517
765
-
-
withholding
26
38
-
-
total
26
38
-
-
Income
850
850
850
850
Total tax
185
123
198
221
After tax
665
727
652
629
Living cost
174
174
174
174
Free-cash
491
553
478
455

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
€47
€232
€178
€181
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.

-
-
-
850
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.

-
-
-
150
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.

-
-
-
8
health

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

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

-
-
-
69
trade
-
-
-
54
total
-
-
-
281
Employee

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

504
-
850
-
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
-
8
-
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
-
150
-
health

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

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

69
-
69
-
total
112
-
227
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
346
850
-
-
income
52
128
-
-
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
-
-
chamber of commerce
2
3
-
-
trade
50
122
-
-
total
107
260
-
-
Dividends
239
591
-
-
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
8
-
-
withholding
56
144
-
-
total
59
152
-
-
Income
850
850
850
850
Total tax
278
412
227
281
After tax
572
438
623
569
Living cost
391
391
391
391
Free-cash
181
47
232
178

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
€18
€29
€29
€40
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
-
-
-
850
income
-
-
-
172
social contributions
-
-
-
72
total
-
-
-
244
Employee
793
-
850
-
income
150
-
172
-
social contributions
66
-
72
-
total
216
-
244
-
Employer
793
-
850
-
total
-
-
-
-
Corporate
57
850
-
-
income
7
106
-
-
total
7
106
-
-
Dividends
50
744
-
-
withholding
10
149
-
-
total
10
149
-
-
Income
850
850
850
850
Total tax
233
255
244
244
After tax
617
595
606
606
Living cost
577
577
577
577
Free-cash
40
18
29
29

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
€130
€253
€132
€187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
850
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
-
803
-
income
50
-
135
-
social contributions
47
-
47
-
total
97
-
182
-
Employer
465
-
803
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
339
850
-
-
income
118
298
-
-
total
118
298
-
-
Dividends
220
552
-
-
social contributions
33
54
-
-
total
33
54
-
-
Income
850
850
850
850
Total tax
295
352
229
350
After tax
555
498
621
500
Living cost
368
368
368
368
Free-cash
187
130
253
132

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
€260
€160
€255
€204
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
-
-
-
850
income
-
-
-
158
pensions
-
-
-
60
total
-
-
-
218
Employee
517
-
751
-
pensions
39
-
68
-
income
94
-
134
-
health
7
-
12
-
total
140
-
214
-
Employer
517
-
751
-
health
10
-
14
-
pensions
52
-
85
-
total
62
-
99
-
Corporate
271
850
-
-
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.

51
161
-
-
total
51
161
-
-
Dividends
219
689
-
-
withholding
16
52
-
-
total
16
52
-
-
Income
850
850
850
850
Total tax
269
213
313
218
After tax
581
637
537
632
Living cost
377
377
377
377
Free-cash
204
260
160
255

Estimated living cost  is €377 per week

€258
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
-€176
€184
€339
€33
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
-
-
-
850
accident
-
-
-
3
income
-
-
-
194
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
266
Employee
386
-
708
-
pensions
43
-
78
-
income
53
-
120
-
health
44
-
81
-
total
140
-
279
-
Employer
386
-
708
-
pensions
63
-
113
-
accident
6
-
12
-
unemployment
9
-
17
-
total
78
-
142
-
Corporate
386
850
-
-
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.

347
765
-
-
total
347
765
-
-
Dividends
39
85
-
-
withholding
7
16
-
-
total
7
16
-
-
Income
850
850
850
850
Total tax
572
781
421
266
After tax
278
69
429
584
Living cost
245
245
245
245
Free-cash
33
-176
184
339

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
€586
€364
€354
€536
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.

-
-
-
850
income
-
-
-
126
unemployment
-
-
-
10
work injury
-
-
-
4
health insurance
-
-
-
63
pensions
-
-
-
156
total
-
-
-
359
Employee

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

219
-
850
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
126
-
total
82
-
349
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
631
850
-
-
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
631
850
-
-
withholding
95
127
-
-
total
95
127
-
-
Income
850
850
850
850
Total tax
177
127
349
359
After tax
673
723
501
491
Living cost
137
137
137
137
Free-cash
536
586
364
354

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
€44
-€2
€37
-€4
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
-
-
-
850
social contributions
-
-
-
219
regional
-
-
-
15
municipal
-
-
-
6
national
-
-
-
169
total
-
-
-
409
Employee
854
-
850
-
municipal
5
-
5
-
national
144
-
143
-
regional
13
-
13
-
social contributions
288
-
287
-
total
450
-
448
-
Employer
854
-
850
-
total
-
-
-
-
Corporate
-
850
-
-
municipal
-
41
-
-
nationa
-
204
-
-
total
-
245
-
-
Dividends
-
605
-
-
withholding
-
157
-
-
total
-
157
-
-
Income
850
850
850
850
Total tax
450
402
448
409
After tax
400
448
402
441
Living cost
404
404
404
404
Free-cash
-4
44
-2
37

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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