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
€ 900
per

Your estimated
City
free-cash

Dresden , Germany
€149
€347
€279
€260
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.

-
-
-
900
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.

-
-
-
168
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.

-
-
-
9
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
-
-
-
68
total
-
-
-
314
Employee

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

388
-
900
-
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
-
9
-
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
-
168
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
512
900
-
-
income
77
135
-
-
surtax

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

4
7
-
-
chamber of commerce
2
3
-
-
trade
81
142
-
-
total
164
287
-
-
Dividends
348
613
-
-
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.

5
8
-
-
withholding
83
149
-
-
total
88
157
-
-
Income
900
900
900
900
Total tax
333
444
246
314
After tax
567
456
654
586
Living cost
307
307
307
307
Free-cash
260
149
347
279

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
€24
€18
€10
-€10
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
-
-
-
900
social contributions
-
-
-
10
municipal
-
-
-
92
national
-
-
-
142
pensions
-
-
-
108
total
-
-
-
352
Employee
834
-
778
-
municipal
103
-
95
-
pensions
33
-
31
-
national
160
-
148
-
total
296
-
274
-
Employer
834
-
778
-
pensions
67
-
62
-
social contributions
9
-
8
-
total
76
-
70
-
Corporate
-
900
-
-
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%.

-
180
-
-
total
-
180
-
-
Dividends
-
720
-
-
withholding
-
158
-
-
total
-
158
-
-
Income
900
900
900
900
Total tax
372
338
344
352
After tax
528
562
556
548
Living cost
538
538
538
538
Free-cash
-10
24
18
10

Estimated living cost  is €538 per week

€366
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.
€114
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
€509
€297
€271
€425
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.

-
-
-
900
income
-
-
-
129
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.

-
-
-
289
microenterprise
-
-
-
-
total
-
-
-
418
Employee
296
-
725
-
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
-
80
-
income
53
-
137
-
total
86
-
217
-
Employer
296
-
725
-
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
-
175
-
surtax
-
-
-
-
total
71
-
175
-
Corporate
533
900
-
-
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%.

107
180
-
-
total
107
180
-
-
Dividends

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

426
720
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
264
180
392
418
After tax
636
720
508
482
Living cost
211
211
211
211
Free-cash
425
509
297
271

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
-€50
-€107
€86
-€107
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
-
-
-
900
income
-
-
-
155
health
-
-
-
115
pensions
-
-
-
119
total
-
-
-
389
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
900
900
900
900
Total tax
582
525
582
389
After tax
318
375
318
511
Living cost
425
425
425
425
Free-cash
-107
-50
-107
86

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
€76
€66
€33
€67
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
-
-
-
900
accident
-
-
-
2
other
-
-
-
105
unemployment
-
-
-
1
health
-
-
-
56
municipal
-
-
-
191
national
-
-
-
-
pensions
-
-
-
97
total
-
-
-
452
Employee
592
-
685
-
municipal
176
-
204
-
national
-
-
-
-
total
176
-
204
-
Employer
592
-
685
-
health
36
-
42
-
pensions
64
-
74
-
accident
1
-
1
-
unemployment
16
-
18
-
other
69
-
80
-
total
186
-
215
-
Corporate
123
900
-
-
income
27
198
-
-
total
27
198
-
-
Dividends
96
702
-
-
withholding
29
211
-
-
total
29
211
-
-
Income
900
900
900
900
Total tax
418
409
419
452
After tax
482
491
481
448
Living cost
415
415
415
415
Free-cash
67
76
66
33

Estimated living cost  is €415 per week

€275
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.
€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 Stockholm model

Close
Hamburg , Germany
€53
€256
€185
€196
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.

-
-
-
900
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.

-
-
-
168
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.

-
-
-
9
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
-
-
-
71
total
-
-
-
317
Employee

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

514
-
900
-
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
-
9
-
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
-
168
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
386
900
-
-
income
58
135
-
-
surtax

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

3
7
-
-
chamber of commerce
2
3
-
-
trade
64
148
-
-
total
127
293
-
-
Dividends
259
607
-
-
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
61
148
-
-
total
64
156
-
-
Income
900
900
900
900
Total tax
306
449
246
317
After tax
594
451
654
583
Living cost
398
398
398
398
Free-cash
196
53
256
185

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
€331
€324
€325
€288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
83
social contributions
-
-
-
140
health
-
-
-
23
total
-
-
-
246
Employee
779
779
817
-
social contributions
38
65
68
-
income
82
72
82
-
health
8
13
14
-
total
128
150
164
-
Employer
779
779
817
-
health
8
14
15
-
social contributions
38
65
68
-
total
46
79
83
-
Corporate
398
42
-
-
income
50
5
-
-
total
50
5
-
-
Dividends
348
36
-
-
withholding
59
6
-
-
total
59
6
-
-
Income
900
900
900
900
Total tax
283
240
247
246
After tax
617
660
653
654
Living cost
329
329
329
329
Free-cash
288
331
324
325

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
€320
€336
€437
€325
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
-
-
-
900
income
-
-
-
110
unemployment
-
-
-
14
health
-
-
-
63
pensions
-
-
-
90
total
-
-
-
277
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.

268
107
753
-
unemployment
4
2
11
-
pensions
27
11
75
-
income
33
13
92
-
health
19
7
53
-
total
83
33
231
-
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.

268
107
753
-
pensions
52
21
147
-
total
52
21
147
-
Corporate
579
772
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
527
703
-
-
social contributions
102
136
-
-
withholding
100
134
-
-
total
202
270
-
-
Income
900
900
900
900
Total tax
389
394
378
277
After tax
511
506
522
623
Living cost
186
186
186
186
Free-cash
325
320
336
437

Estimated living cost  is €186 per week

€127
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.
€40
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
€475
€274
€237
€412
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
-
-
-
900
income
-
-
-
121
health
-
-
-
117
pensions
-
-
-
180
total
-
-
-
418
Employee
287
-
673
-
unemployment
5
-
11
-
pensions
6
-
13
-
income
32
-
130
-
total
43
-
154
-
Employer
287
-
673
-
health
37
-
87
-
pensions
58
-
135
-
unemployment
2
-
5
-
total
97
-
227
-
Corporate
515
900
-
-
income
103
180
-
-
total
103
180
-
-
Dividends
412
720
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
243
180
381
418
After tax
657
720
519
482
Living cost
245
245
245
245
Free-cash
412
475
274
237

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
-€153
€230
€392
€37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
3
income
-
-
-
210
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
282
Employee
355
-
756
-
pensions
40
-
78
-
income
49
-
134
-
health
41
-
87
-
total
130
-
299
-
Employer
355
-
756
-
pensions
58
-
113
-
accident
6
-
13
-
unemployment
9
-
19
-
total
73
-
145
-
Corporate
473
900
-
-
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.

425
810
-
-
total
425
810
-
-
Dividends
47
90
-
-
withholding
9
17
-
-
total
9
17
-
-
Income
900
900
900
900
Total tax
637
827
444
282
After tax
263
73
456
618
Living cost
226
226
226
226
Free-cash
37
-153
230
392

Estimated living cost  is €226 per week

€165
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
€773
€638
€809
€757
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%.

-
-
-
900
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
9
total
-
-
-
9
Employee
103
-
900
-
income
21
-
180
-
total
21
-
180
-
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%.

797
900
-
-
total
-
-
-
-
Dividends
797
900
-
-
withholding
40
45
-
-
total
40
45
-
-
Income
900
900
900
900
Total tax
61
45
180
9
After tax
839
855
720
891
Living cost
82
82
82
82
Free-cash
757
773
638
809

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
€391
€258
€217
€323
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
-
-
-
900
income
-
-
-
114
other
-
-
-
43
health
-
-
-
40
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.

-
-
-
216
total
-
-
-
413
Employee
368
-
719
-
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
-
50
-
income
63
-
124
-
health
5
-
10
-
total
98
-
191
-
Employer
368
-
719
-
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
-
122
-
accident
3
-
6
-
unemployment
4
-
7
-
other
18
-
36
-
total
93
-
181
-
Corporate
439
900
-
-
income
92
189
-
-
total
92
189
-
-
Dividends
347
711
-
-
withholding
24
50
-
-
total
24
50
-
-
Income
900
900
900
900
Total tax
307
239
372
413
After tax
593
661
528
487
Living cost
270
270
270
270
Free-cash
323
391
258
217

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
€0
-€107
-€6
-€185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
168
pensions
-
-
-
64
total
-
-
-
232
Employee
953
-
794
-
pensions
92
-
73
-
income
172
-
142
-
health
16
-
12
-
total
280
-
227
-
Employer
953
-
794
-
health
18
-
15
-
pensions
113
-
91
-
total
131
-
106
-
Corporate
-
900
-
-
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.

-
171
-
-
total
-
171
-
-
Dividends
-
729
-
-
withholding
-
55
-
-
total
-
55
-
-
Income
900
900
900
900
Total tax
411
226
333
232
After tax
489
674
567
668
Living cost
674
674
674
674
Free-cash
-185
-
-107
-6

Estimated living cost  is €674 per week

€505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€79
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.
€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

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
€637
€564
€538
€590
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
-
-
-
900
income
-
-
-
135
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
-
-
-
229
Employee
176
-
830
-
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
-
83
-
health
8
-
16
-
total
43
-
134
-
Employer
176
-
830
-
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
689
900
-
-
income
69
90
-
-
total
69
90
-
-
Dividends
620
810
-
-
withholding
31
40
-
-
total
31
40
-
-
Income
900
900
900
900
Total tax
177
130
203
229
After tax
723
770
697
671
Living cost
133
133
133
133
Free-cash
590
637
564
538

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.
€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.
€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
-€187
-€244
-€51
-€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
-
-
-
900
income
-
-
-
155
health
-
-
-
115
pensions
-
-
-
119
total
-
-
-
389
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
900
900
900
900
Total tax
542
525
582
389
After tax
358
375
318
511
Living cost
562
562
562
562
Free-cash
-204
-187
-244
-51

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
€368
€204
€186
€278
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
-
-
-
900
income
-
-
-
77
social contributions
-
-
-
263
solidarity contribution
-
-
-
-
health
-
-
-
122
total
-
-
-
462
Employee
370
-
672
-
solidarity contribution
-
-
-
-
social contributions
24
-
44
-
income
44
-
81
-
health
50
-
91
-
total
118
-
216
-
Employer
370
-
672
-
health
33
-
60
-
social contributions
93
-
168
-
total
126
-
228
-
Corporate
404
900
-
-
income
77
171
-
-
total
77
171
-
-
Dividends
327
729
-
-
withholding
49
109
-
-
total
49
109
-
-
Income
900
900
900
900
Total tax
370
280
444
462
After tax
530
620
456
438
Living cost
252
252
252
252
Free-cash
278
368
204
186

Estimated living cost  is €252 per week

€175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€52
€0
€43
-€1
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
-
-
-
900
social contributions
-
-
-
231
regional
-
-
-
10
municipal
-
-
-
5
national
-
-
-
183
total
-
-
-
429
Employee
901
-
900
-
municipal
5
-
5
-
national
156
-
156
-
regional
8
-
8
-
social contributions
304
-
303
-
total
473
-
472
-
Employer
901
-
900
-
total
-
-
-
-
Corporate
-
900
-
-
municipal
-
35
-
-
nationa
-
216
-
-
total
-
251
-
-
Dividends
-
649
-
-
withholding
-
169
-
-
total
-
169
-
-
Income
900
900
900
900
Total tax
473
420
472
429
After tax
427
480
428
471
Living cost
428
428
428
428
Free-cash
-1
52
-
43

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
€342
€232
€251
€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
-
-
-
900
income
-
-
-
161
other
-
-
-
-
surtax
-
-
-
18
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
total
-
-
-
425
Employee
335
-
743
-
other
-
-
-
-
unemployment
23
-
52
-
pensions
22
-
50
-
surtax
1
-
16
-
income
56
-
150
-
health
9
-
19
-
total
111
-
287
-
Employer
335
-
743
-
health
15
-
34
-
pensions
45
-
99
-
unemployment
11
-
24
-
other
-
-
-
-
total
71
-
157
-
Corporate
494
900
-
-
income
129
234
-
-
total
129
234
-
-
Dividends
366
666
-
-
withholding
55
100
-
-
total
55
100
-
-
Income
900
900
900
900
Total tax
366
334
444
425
After tax
534
566
456
475
Living cost
224
224
224
224
Free-cash
310
342
232
251

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
€214
€107
€208
€136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
168
pensions
-
-
-
64
total
-
-
-
232
Employee
639
-
794
-
pensions
54
-
73
-
income
115
-
142
-
health
9
-
12
-
total
178
-
227
-
Employer
639
-
794
-
health
12
-
15
-
pensions
69
-
91
-
total
81
-
106
-
Corporate
180
900
-
-
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.

34
171
-
-
total
34
171
-
-
Dividends
146
729
-
-
withholding
11
55
-
-
total
11
55
-
-
Income
900
900
900
900
Total tax
304
226
333
232
After tax
596
674
567
668
Living cost
460
460
460
460
Free-cash
136
214
107
208

Estimated living cost  is €460 per week

€345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€392
-€94
-€49
-€130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
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.

-
-
-
18
regional
-
-
-
28
health
-
-
-
3
city
-
-
-
9
national
-
-
-
4
pensions
-
-
-
83
total
-
-
-
145
Employee
940
-
806
-
unemployment
-
-
-
-
pensions
79
-
68
-
national
4
-
3
-
regional
31
-
23
-
city
10
-
9
-
health
2
-
2
-
total
126
-
105
-
Employer
940
-
806
-
health
2
-
2
-
pensions
79
-
68
-
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
-
16
-
total
100
-
86
-
Corporate
-
900
-
-
regional
-
190
-
-
national
-
77
-
-
total
-
267
-
-
Dividends
-
633
-
-
withholding
-
222
-
-
total
-
222
-
-
Income
900
900
900
900
Total tax
226
489
191
145
After tax
674
411
709
755
Living cost
804
804
804
804
Free-cash
-130
-392
-94
-49

Estimated living cost  is €804 per week

€523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
-€17
€190
€116
€147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
900
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.

-
-
-
168
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.

-
-
-
9
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
-
-
-
74
total
-
-
-
320
Employee

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

609
-
900
-
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
-
9
-
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
-
168
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
291
900
-
-
income
44
135
-
-
surtax

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

2
7
-
-
chamber of commerce
2
3
-
-
trade
50
154
-
-
total
98
299
-
-
Dividends
193
600
-
-
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
44
146
-
-
total
46
154
-
-
Income
900
900
900
900
Total tax
289
453
246
320
After tax
611
447
654
580
Living cost
464
464
464
464
Free-cash
147
-17
190
116

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
€107
€171
€174
€167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
70
other
-
-
-
28
surtax
-
-
-
-
social contributions
-
-
-
26
health
-
-
-
10
pensions
-
-
-
245
total
-
-
-
379
Employee
434
-
686
-
pensions
49
-
78
-
surtax
-
-
-
-
social contributions
12
-
20
-
income
26
-
69
-
total
87
-
167
-
Employer
434
-
686
-
health
30
-
48
-
pensions
71
-
113
-
unemployment
18
-
28
-
social contributions
1
-
2
-
other
15
-
24
-
total
135
-
215
-
Corporate
331
900
-
-
income
93
252
-
-
surtax
-
-
-
-
total
93
252
-
-
Dividends
238
648
-
-
surtax
-
-
-
-
social contributions
41
111
-
-
withholding
30
83
-
-
total
71
194
-
-
Income
900
900
900
900
Total tax
386
446
382
379
After tax
514
454
518
521
Living cost
347
347
347
347
Free-cash
167
107
171
174

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
€142
€206
€209
€197
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
-
-
-
900
income
-
-
-
70
other
-
-
-
28
surtax
-
-
-
-
social contributions
-
-
-
26
health
-
-
-
10
pensions
-
-
-
245
total
-
-
-
379
Employee
387
-
686
-
pensions
44
-
78
-
surtax
-
-
-
-
social contributions
11
-
20
-
income
20
-
69
-
total
75
-
167
-
Employer
387
-
686
-
health
27
-
48
-
pensions
64
-
113
-
unemployment
16
-
28
-
social contributions
1
-
2
-
other
13
-
24
-
total
121
-
215
-
Corporate
392
900
-
-
income
110
252
-
-
surtax
-
-
-
-
total
110
252
-
-
Dividends
282
648
-
-
surtax
-
-
-
-
social contributions
49
111
-
-
withholding
36
83
-
-
total
85
194
-
-
Income
900
900
900
900
Total tax
391
446
382
379
After tax
509
454
518
521
Living cost
312
312
312
312
Free-cash
197
142
206
209

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
€334
€370
€363
€340
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
-
-
-
900
income
-
-
-
135
social contributions
-
-
-
124
health
-
-
-
63
total
-
-
-
322
Employee
344
-
900
-
social contributions
47
-
124
-
income
57
-
128
-
health
24
-
63
-
total
128
-
315
-
Employer
344
-
900
-
total
-
-
-
-
Corporate
556
900
-
-
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%.

28
45
-
-
total
28
45
-
-
Dividends
529
855
-
-
social contributions
73
118
-
-
withholding
79
128
-
-
health
37
60
-
-
total
189
306
-
-
Income
900
900
900
900
Total tax
345
351
315
322
After tax
555
549
585
578
Living cost
215
215
215
215
Free-cash
340
334
370
363

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
€150
-€63
€108
€133
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
-
-
-
900
income
-
-
-
132
surtax
-
-
-
2
unemployment
-
-
-
62
chamber of commerce
-
-
-
4
health
-
-
-
69
pensions
-
-
-
166
total
-
-
-
435
Employee
506
404
697
-
other
5
4
7
-
unemployment
15
12
21
-
pensions
52
41
71
-
income
58
30
112
-
health
20
16
27
-
total
150
103
238
-
Employer
506
404
697
-
chamber of commerce
2
2
3
-
health
19
15
26
-
pensions
64
51
88
-
accident
7
5
9
-
unemployment
15
12
21
-
surtax
2
2
2
-
payroll
15
12
21
-
other
24
19
33
-
total
148
118
203
-
Corporate
246
378
659
-
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.

61
94
165
-
total
61
94
165
-
Dividends
184
283
-
-
withholding
51
78
-
-
total
51
78
-
-
Income
900
900
900
900
Total tax
410
393
606
435
After tax
490
507
294
465
Living cost
357
357
357
357
Free-cash
133
150
-63
108

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
€136
-€12
€66
-€36
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
-
-
-
900
communal

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

-
-
-
46
social contributions
-
-
-
134
national
-
-
-
284
total
-
-
-
464
Employee

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

725
-
697
-
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
-
36
-
pensions

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

54
-
52
-
national
223
-
212
-
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
-
33
-
total
355
-
339
-
Employer

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

725
-
697
-
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
-
43
-
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
-
62
-
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
-
79
-
total
211
-
203
-
Corporate
-
900
-
-
income
-
180
-
-
surtax
-
4
-
-
total
-
184
-
-
Dividends
-
716
-
-
withholding

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

-
211
-
-
total
-
211
-
-
Income
900
900
900
900
Total tax
566
395
542
464
After tax
334
505
358
436
Living cost
370
370
370
370
Free-cash
-36
136
-12
66

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
€241
€116
€110
€160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
8
income
-
-
-
154
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
255
total
-
-
-
424
Employee
504
-
682
-
other
-
-
1
-
unemployment
8
-
11
-
pensions
24
-
32
-
income
106
-
156
-
total
138
-
200
-
Employer
504
-
682
-
pensions
119
-
161
-
accident
10
-
14
-
unemployment
28
-
38
-
other
4
-
5
-
total
161
-
218
-
Corporate
235
900
-
-
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.

35
135
-
-
total
35
135
-
-
Dividends
200
765
-
-
withholding
40
158
-
-
total
40
158
-
-
Income
900
900
900
900
Total tax
374
293
418
424
After tax
526
607
482
476
Living cost
366
366
366
366
Free-cash
160
241
116
110

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
€3
€21
-€24
-€59
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
-
-
-
900
communal
-
-
-
57
accident
-
-
-
8
income
-
-
-
65
surtax
-
-
-
45
health
-
-
-
63
pensions
-
-
-
135
total
-
-
-
373
Employee
767
-
804
-
pensions
61
-
64
-
surtax
47
-
49
-
income
74
-
83
-
health
34
-
36
-
total
216
-
232
-
Employer
767
-
804
-
health
23
-
25
-
pensions
61
-
64
-
accident
7
-
7
-
total
91
-
96
-
Corporate
41
900
-
-
communal
-
61
-
-
income
6
135
-
-
surtax
-
9
-
-
total
6
205
-
-
Dividends
34
695
-
-
income
90
37
-
-
withholding
5
104
-
-
total
95
141
-
-
Income
900
900
900
900
Total tax
408
346
328
373
After tax
492
554
572
527
Living cost
551
551
551
551
Free-cash
-59
3
21
-24

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
€338
€228
€247
€304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
161
other
-
-
-
-
surtax
-
-
-
18
unemployment
-
-
-
2
health
-
-
-
64
pensions
-
-
-
180
total
-
-
-
425
Employee
341
-
743
-
other
-
-
-
-
unemployment
24
-
52
-
pensions
23
-
50
-
surtax
1
-
16
-
income
57
-
150
-
health
9
-
19
-
total
114
-
287
-
Employer
341
-
743
-
health
16
-
34
-
pensions
46
-
99
-
unemployment
11
-
24
-
other
-
-
-
-
total
73
-
157
-
Corporate
487
900
-
-
income
127
234
-
-
total
127
234
-
-
Dividends
360
666
-
-
withholding
54
100
-
-
total
54
100
-
-
Income
900
900
900
900
Total tax
368
334
444
425
After tax
532
566
456
475
Living cost
228
228
228
228
Free-cash
304
338
228
247

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
€200
€151
€194
€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
-
-
-
900
social contributions
-
-
-
231
regional
-
-
-
14
municipal
-
-
-
5
national
-
-
-
183
total
-
-
-
433
Employee
562
-
900
-
municipal
3
-
5
-
national
89
-
156
-
regional
8
-
12
-
social contributions
190
-
303
-
total
290
-
476
-
Employer
562
-
900
-
total
-
-
-
-
Corporate
338
900
-
-
municipal
17
45
-
-
nationa
81
216
-
-
total
98
261
-
-
Dividends
240
639
-
-
withholding
62
166
-
-
total
62
166
-
-
Income
900
900
900
900
Total tax
450
427
476
433
After tax
450
473
424
467
Living cost
273
273
273
273
Free-cash
177
200
151
194

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
€310
€146
€128
€198
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
-
-
-
900
income
-
-
-
77
social contributions
-
-
-
263
solidarity contribution
-
-
-
-
health
-
-
-
122
total
-
-
-
462
Employee
456
-
672
-
solidarity contribution
-
-
-
-
social contributions
30
-
44
-
income
55
-
81
-
health
62
-
91
-
total
147
-
216
-
Employer
456
-
672
-
health
41
-
60
-
social contributions
114
-
168
-
total
155
-
228
-
Corporate
289
900
-
-
income
55
171
-
-
total
55
171
-
-
Dividends
234
729
-
-
withholding
35
109
-
-
total
35
109
-
-
Income
900
900
900
900
Total tax
392
280
444
462
After tax
508
620
456
438
Living cost
310
310
310
310
Free-cash
198
310
146
128

Estimated living cost  is €310 per week

€231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
€185
-€29
€144
€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
-
-
-
900
income
-
-
-
132
surtax
-
-
-
-
unemployment
-
-
-
62
chamber of commerce
-
-
-
4
health
-
-
-
69
pensions
-
-
-
166
total
-
-
-
433
Employee
443
404
699
-
other
4
4
7
-
unemployment
13
12
21
-
pensions
45
41
72
-
income
39
30
113
-
health
17
16
27
-
total
118
103
240
-
Employer
443
404
699
-
chamber of commerce
2
2
3
-
health
17
15
26
-
pensions
56
51
88
-
accident
6
5
9
-
unemployment
13
12
21
-
surtax
-
-
-
-
payroll
13
12
21
-
other
21
19
33
-
total
128
116
201
-
Corporate
330
380
660
-
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.

82
95
165
-
total
82
95
165
-
Dividends
247
285
-
-
withholding
68
78
-
-
total
68
78
-
-
Income
900
900
900
900
Total tax
396
392
606
433
After tax
504
508
294
467
Living cost
323
323
323
323
Free-cash
181
185
-29
144

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
€727
€592
€763
€703
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%.

-
-
-
900
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
9
total
-
-
-
9
Employee
160
-
900
-
income
32
-
180
-
total
32
-
180
-
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%.

740
900
-
-
total
-
-
-
-
Dividends
740
900
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
900
900
900
900
Total tax
69
45
180
9
After tax
831
855
720
891
Living cost
128
128
128
128
Free-cash
703
727
592
763

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
€348
€173
€199
€263
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.

-
-
-
900
income
-
-
-
175
unemployment
-
-
-
1
health
-
-
-
89
pensions
-
-
-
164
total
-
-
-
429
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
-
779
-
unemployment
1
-
1
-
pensions
69
-
121
-
income
77
-
162
-
health
29
-
50
-
total
176
-
334
-
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
-
779
-
health
30
-
52
-
pensions
40
-
69
-
unemployment
-
-
-
-
total
70
-
121
-
Corporate
382
900
-
-
income
73
171
-
-
total
73
171
-
-
Dividends
310
729
-
-
withholding
46
109
-
-
total
46
109
-
-
Income
900
900
900
900
Total tax
365
280
455
429
After tax
535
620
445
471
Living cost
272
272
272
272
Free-cash
263
348
173
199

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
€105
€322
€179
-€631
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
-
-
-
900
income
-
-
-
175
social contributions
-
-
-
103
total
-
-
-
278
Employee
636
-
-
-
social contributions
52
-
7
-
income
140
-
-
-
total
192
-
7
-
Employer
636
-
-
-
social contributions
896
-
128
-
total
896
-
128
-
Corporate
-
900
-
-
income
-
198
-
-
total
-
198
-
-
Dividends
-
702
-
-
income
-
154
-
-
total
-
154
-
-
Income
900
900
900
900
Total tax
1 088
352
135
278
After tax
-188
548
765
622
Living cost
443
443
443
443
Free-cash
-631
105
322
179

Estimated living cost  is €443 per week

€288
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.
€108
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
€194
€147
€189
€183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
900
income
-
-
-
80
surtax
-
-
-
-
social contributions

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

-
-
-
313
total
-
-
-
393
Employee
466
-
727
-
surtax
-
-
-
-
social contributions
51
-
80
-
income
97
-
182
-
total
148
-
262
-
Employer
466
-
727
-
social contributions
111
-
173
-
total
111
-
173
-
Corporate
323
900
-
-
income
68
189
-
-
surtax
-
-
-
-
total
68
189
-
-
Dividends
255
711
-
-
withholding
72
199
-
-
total
72
199
-
-
Income
900
900
900
900
Total tax
399
388
435
393
After tax
501
512
465
507
Living cost
318
318
318
318
Free-cash
183
194
147
189

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
-€35
€29
€32
€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
-
-
-
900
income
-
-
-
70
other
-
-
-
28
surtax
-
-
-
-
social contributions
-
-
-
26
health
-
-
-
10
pensions
-
-
-
245
total
-
-
-
379
Employee
635
-
686
-
pensions
72
-
78
-
surtax
-
-
-
-
social contributions
18
-
20
-
income
55
-
69
-
total
145
-
167
-
Employer
635
-
686
-
health
44
-
48
-
pensions
104
-
113
-
unemployment
26
-
28
-
social contributions
2
-
2
-
other
22
-
24
-
total
198
-
215
-
Corporate
67
900
-
-
income
19
252
-
-
surtax
-
-
-
-
total
19
252
-
-
Dividends
48
648
-
-
surtax
-
-
-
-
social contributions
8
111
-
-
withholding
6
83
-
-
total
14
194
-
-
Income
900
900
900
900
Total tax
376
446
382
379
After tax
524
454
518
521
Living cost
489
489
489
489
Free-cash
35
-35
29
32

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
€505
€410
€385
€472
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
-
-
-
900
income
-
-
-
12
social contributions
-
-
-
198
total
-
-
-
210
Employee
326
-
779
-
income
-
-
13
-
social contributions
21
-
51
-
total
21
-
64
-
Employer
326
-
779
-
social contributions
50
-
121
-
total
50
-
121
-
Corporate
524
900
-
-
income
52
90
-
-
total
52
90
-
-
Dividends
471
810
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
123
90
185
210
After tax
777
810
715
690
Living cost
305
305
305
305
Free-cash
472
505
410
385

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
-€1307
-€1307
€76
-€1307
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
-
-
-
900
labour market
-
-
-
71
municipal
-
-
-
162
national
-
-
-
94
pensions
-
-
-
9
total
-
-
-
336
Employee
2 059
2 059
2 059
-
municipal
438
438
438
-
labour market
164
164
164
-
pensions
3
3
3
-
national
252
252
252
-
total
857
857
857
-
Employer
2 059
2 059
2 059
-
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
900
900
900
900
Total tax
1 719
1 719
1 719
336
After tax
-819
-819
-819
564
Living cost
488
488
488
488
Free-cash
-1 307
-1 307
-1 307
76

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
-€149
€234
€396
€39
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
-
-
-
900
accident
-
-
-
3
income
-
-
-
210
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
282
Employee
350
-
756
-
pensions
39
-
78
-
income
48
-
134
-
health
40
-
87
-
total
127
-
299
-
Employer
350
-
756
-
pensions
57
-
113
-
accident
6
-
13
-
unemployment
9
-
19
-
total
72
-
145
-
Corporate
479
900
-
-
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.

431
810
-
-
total
431
810
-
-
Dividends
48
90
-
-
withholding
9
17
-
-
total
9
17
-
-
Income
900
900
900
900
Total tax
639
827
444
282
After tax
261
73
456
618
Living cost
222
222
222
222
Free-cash
39
-149
234
396

Estimated living cost  is €222 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
€218
€134
€263
€185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
900
health
-
-
-
10
municipal
-
-
-
160
national
-
-
-
78
total
-
-
-
248
Employee
533
-
757
-
municipal
87
-
124
-
unemployment
8
-
11
-
pensions
36
-
51
-
national
9
-
41
-
health
4
-
7
-
total
144
-
234
-
Employer
533
-
757
-
health
4
-
6
-
pensions
92
-
131
-
accident
1
-
1
-
unemployment
3
-
5
-
total
100
-
143
-
Corporate
266
900
-
-
income
53
180
-
-
total
53
180
-
-
Dividends

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

160
540
-
-
municipal
29
97
-
-
national
-
16
-
-
total
29
113
-
-
Income
900
900
900
900
Total tax
326
293
377
248
After tax
574
607
523
652
Living cost
389
389
389
389
Free-cash
185
218
134
263

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
€425
€418
€419
€369
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
-
-
-
900
income
-
-
-
83
social contributions
-
-
-
140
health
-
-
-
23
total
-
-
-
246
Employee
779
779
817
-
social contributions
29
65
68
-
income
85
72
82
-
health
6
13
14
-
total
120
150
164
-
Employer
779
779
817
-
health
7
14
15
-
social contributions
29
65
68
-
total
36
79
83
-
Corporate
509
42
-
-
income
64
5
-
-
total
64
5
-
-
Dividends
445
36
-
-
withholding
76
6
-
-
total
76
6
-
-
Income
900
900
900
900
Total tax
296
240
247
246
After tax
604
660
653
654
Living cost
235
235
235
235
Free-cash
369
425
418
419

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
€584
€395
€554
€532
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
-
-
-
900
income
-
-
-
84
unemployment
-
-
-
-
health
-
-
-
37
pensions
-
-
-
64
total
-
-
-
185
Employee

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

233
-
816
-
unemployment
1
-
4
-
pensions
35
-
122
-
income
16
-
65
-
health
20
-
69
-
total
72
-
260
-
Employer

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

233
-
816
-
health
10
-
35
-
pensions
13
-
45
-
unemployment
1
-
4
-
total
24
-
84
-
Corporate
643
900
-
-
income
58
81
-
-
total
58
81
-
-
Dividends
586
819
-
-
withholding
53
74
-
-
total
53
74
-
-
Income
900
900
900
900
Total tax
207
155
344
185
After tax
693
745
556
715
Living cost
161
161
161
161
Free-cash
532
584
395
554

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
€328
€203
€197
€275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
8
income
-
-
-
154
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
255
total
-
-
-
424
Employee
375
-
682
-
other
-
-
1
-
unemployment
6
-
11
-
pensions
18
-
32
-
income
72
-
156
-
total
96
-
200
-
Employer
375
-
682
-
pensions
88
-
161
-
accident
7
-
14
-
unemployment
21
-
38
-
other
3
-
5
-
total
119
-
218
-
Corporate
406
900
-
-
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.

61
135
-
-
total
61
135
-
-
Dividends
345
765
-
-
withholding
70
158
-
-
total
70
158
-
-
Income
900
900
900
900
Total tax
346
293
418
424
After tax
554
607
482
476
Living cost
279
279
279
279
Free-cash
275
328
203
197

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
€542
€552
€554
€537
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
-
-
-
900
income
-
-
-
302
health
-
-
-
10
pensions
-
-
-
14
total
-
-
-
326
Employee
30
-
884
-
unemployment
-
-
1
-
pensions
3
-
6
-
income
6
-
301
-
health
2
-
4
-
total
11
-
312
-
Employer
30
-
884
-
health
3
-
7
-
pensions
3
-
8
-
unemployment
1
-
1
-
total
7
-
16
-
Corporate
863
900
-
-
income
190
198
-
-
total
190
198
-
-
Dividends
673
702
-
-
withholding
135
140
-
-
total
135
140
-
-
Income
900
900
900
900
Total tax
343
338
328
326
After tax
557
562
572
574
Living cost
20
20
20
20
Free-cash
537
542
552
554

Estimated living cost  is €20 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
€475
€286
€288
€425
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.

-
-
-
900
income
-
-
-
154
unemployment
-
-
-
11
health
-
-
-
77
pensions
-
-
-
195
total
-
-
-
437
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
-
766
-
unemployment
2
-
6
-
pensions
37
-
105
-
income
36
-
154
-
health
14
-
39
-
total
89
-
304
-
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
-
766
-
health
14
-
39
-
pensions
32
-
90
-
unemployment
2
-
6
-
total
48
-
135
-
Corporate
588
900
-
-
income
88
135
-
-
total
88
135
-
-
Dividends
500
765
-
-
withholding
75
115
-
-
total
75
115
-
-
Income
900
900
900
900
Total tax
300
250
439
437
After tax
600
650
461
463
Living cost
175
175
175
175
Free-cash
425
475
286
288

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
€239
€192
€234
€236
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.

-
-
-
900
income
-
-
-
80
surtax
-
-
-
-
social contributions

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

-
-
-
313
total
-
-
-
393
Employee
393
-
727
-
surtax
-
-
-
-
social contributions
43
-
80
-
income
77
-
182
-
total
120
-
262
-
Employer
393
-
727
-
social contributions
93
-
173
-
total
93
-
173
-
Corporate
413
900
-
-
income
87
189
-
-
surtax
-
-
-
-
total
87
189
-
-
Dividends
326
711
-
-
withholding
91
199
-
-
total
91
199
-
-
Income
900
900
900
900
Total tax
391
388
435
393
After tax
509
512
465
507
Living cost
273
273
273
273
Free-cash
236
239
192
234

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
€251
€126
€120
€173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
8
income
-
-
-
154
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
255
total
-
-
-
424
Employee
489
-
682
-
other
-
-
1
-
unemployment
8
-
11
-
pensions
23
-
32
-
income
102
-
156
-
total
133
-
200
-
Employer
489
-
682
-
pensions
116
-
161
-
accident
10
-
14
-
unemployment
27
-
38
-
other
4
-
5
-
total
157
-
218
-
Corporate
255
900
-
-
income

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

38
135
-
-
total
38
135
-
-
Dividends
216
765
-
-
withholding
43
158
-
-
total
43
158
-
-
Income
900
900
900
900
Total tax
371
293
418
424
After tax
529
607
482
476
Living cost
356
356
356
356
Free-cash
173
251
126
120

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
€595
€522
€496
€533
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
-
-
-
900
income
-
-
-
135
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
-
-
-
229
Employee
231
-
830
-
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
-
83
-
health
11
-
16
-
total
57
-
134
-
Employer
231
-
830
-
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
624
900
-
-
income
62
90
-
-
total
62
90
-
-
Dividends
561
810
-
-
withholding
28
40
-
-
total
28
40
-
-
Income
900
900
900
900
Total tax
192
130
203
229
After tax
708
770
697
671
Living cost
175
175
175
175
Free-cash
533
595
522
496

Estimated living cost  is €175 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
€74
€263
€201
€207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
900
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.

-
-
-
168
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.

-
-
-
9
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
-
-
-
308
Employee

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

504
-
900
-
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
-
9
-
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
-
168
-
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
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
396
900
-
-
income
59
135
-
-
surtax

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

3
7
-
-
chamber of commerce
2
3
-
-
trade
57
129
-
-
total
121
274
-
-
Dividends
274
626
-
-
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
65
153
-
-
total
69
161
-
-
Income
900
900
900
900
Total tax
302
435
246
308
After tax
598
465
654
592
Living cost
391
391
391
391
Free-cash
207
74
263
201

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
€53
€53
€53
€75
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
-
-
-
900
income
-
-
-
192
social contributions
-
-
-
78
total
-
-
-
270
Employee
793
-
900
-
income
150
-
192
-
social contributions
66
-
78
-
total
216
-
270
-
Employer
793
-
900
-
total
-
-
-
-
Corporate
107
900
-
-
income
13
112
-
-
total
13
112
-
-
Dividends
94
788
-
-
withholding
19
158
-
-
total
19
158
-
-
Income
900
900
900
900
Total tax
248
270
270
270
After tax
652
630
630
630
Living cost
577
577
577
577
Free-cash
75
53
53
53

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
€163
€290
€183
€214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
900
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.

-
-
-
61
total
-
-
-
349
Employee
465
-
853
-
income
50
-
148
-
social contributions
47
-
47
-
total
97
-
195
-
Employer
465
-
853
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
389
900
-
-
income
136
315
-
-
total
136
315
-
-
Dividends
253
585
-
-
social contributions
38
54
-
-
total
38
54
-
-
Income
900
900
900
900
Total tax
318
369
242
349
After tax
582
531
658
551
Living cost
368
368
368
368
Free-cash
214
163
290
183

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
€300
€193
€294
€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
-
-
-
900
income
-
-
-
168
pensions
-
-
-
64
total
-
-
-
232
Employee
514
-
794
-
pensions
39
-
73
-
income
94
-
142
-
health
7
-
12
-
total
140
-
227
-
Employer
514
-
794
-
health
10
-
15
-
pensions
52
-
91
-
total
62
-
106
-
Corporate
325
900
-
-
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.

62
171
-
-
total
62
171
-
-
Dividends
263
729
-
-
withholding
20
55
-
-
total
20
55
-
-
Income
900
900
900
900
Total tax
284
226
333
232
After tax
616
674
567
668
Living cost
374
374
374
374
Free-cash
242
300
193
294

Estimated living cost  is €374 per week

€257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€78
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
-€171
€212
€374
€36
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
-
-
-
900
accident
-
-
-
3
income
-
-
-
210
other
-
-
-
4
health
-
-
-
22
pensions
-
-
-
43
total
-
-
-
282
Employee
384
-
756
-
pensions
43
-
78
-
income
53
-
134
-
health
44
-
87
-
total
140
-
299
-
Employer
384
-
756
-
pensions
63
-
113
-
accident
6
-
13
-
unemployment
9
-
19
-
total
78
-
145
-
Corporate
437
900
-
-
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.

394
810
-
-
total
394
810
-
-
Dividends
44
90
-
-
withholding
8
17
-
-
total
8
17
-
-
Income
900
900
900
900
Total tax
620
827
444
282
After tax
280
73
456
618
Living cost
244
244
244
244
Free-cash
36
-171
212
374

Estimated living cost  is €244 per week

€179
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
€628
€405
€379
€579
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.

-
-
-
900
income
-
-
-
135
unemployment
-
-
-
11
work injury
-
-
-
5
health insurance
-
-
-
67
pensions
-
-
-
166
total
-
-
-
384
Employee

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

219
-
900
-
health insurance
16
-
60
-
unemployment
3
-
10
-
work injury
1
-
4
-
pensions
40
-
149
-
income
22
-
135
-
total
82
-
358
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
681
900
-
-
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
681
900
-
-
withholding
102
135
-
-
total
102
135
-
-
Income
900
900
900
900
Total tax
184
135
358
384
After tax
716
765
542
516
Living cost
137
137
137
137
Free-cash
579
628
405
379

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
€70
€18
€59
€24
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
social contributions
-
-
-
231
regional
-
-
-
17
municipal
-
-
-
6
national
-
-
-
183
total
-
-
-
437
Employee
854
-
900
-
municipal
5
-
5
-
national
144
-
156
-
regional
13
-
14
-
social contributions
288
-
303
-
total
450
-
478
-
Employer
854
-
900
-
total
-
-
-
-
Corporate
46
900
-
-
municipal
2
43
-
-
nationa
11
216
-
-
total
13
259
-
-
Dividends
33
641
-
-
withholding
9
167
-
-
total
9
167
-
-
Income
900
900
900
900
Total tax
472
426
478
437
After tax
428
474
422
463
Living cost
404
404
404
404
Free-cash
24
70
18
59

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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