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
€260
€279
€347
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
trade
-
-
-
68
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
health

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

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

-
-
-
69
surtax

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

-
-
-
9
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
-
health

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

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

69
-
69
-
surtax

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

1
-
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
-
total
81
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
512
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
7
-
-
income
77
135
-
-
trade
81
142
-
-
chamber of commerce
2
3
-
-
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
€50
€33
€35
€42
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
municipal
-
-
-
92
pensions
-
-
-
108
national
-
-
-
143
social contributions
-
-
-
10
total
-
-
-
353
Employee
794
-
778
-
municipal
98
-
96
-
pensions
32
-
31
-
national
152
-
149
-
total
282
-
276
-
Employer
794
-
778
-
social contributions
9
-
8
-
pensions
64
-
62
-
total
73
-
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
355
338
346
353
After tax
545
562
554
547
Living cost
512
512
512
512
Free-cash
33
50
42
35

Estimated living cost  is €512 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€48
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€109
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
€425
€271
€297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
microenterprise
-
-
-
-
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
total
-
-
-
418
Employee
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.

33
-
80
-
surtax
-
-
-
-
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
pensions
-
-
-
119
health
-
-
-
115
total
-
-
-
389
Employee
865
865
865
-
health
133
113
133
-
income

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

142
142
142
-
pensions
156
119
156
-
total
431
374
431
-
Employer
865
865
865
-
unemployment
31
31
31
-
pensions
60
60
60
-
health
60
60
60
-
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
€99
€91
€64
€89
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
municipal
-
-
-
194
accident
-
-
-
2
pensions
-
-
-
93
other
-
-
-
100
unemployment
-
-
-
1
health
-
-
-
54
national
-
-
-
-
total
-
-
-
444
Employee
558
-
685
-
municipal
166
-
204
-
national
-
-
-
-
total
166
-
204
-
Employer
558
-
685
-
accident
1
-
1
-
other
65
-
80
-
unemployment
15
-
18
-
pensions
60
-
74
-
health
34
-
42
-
total
175
-
215
-
Corporate
167
900
-
-
income
37
198
-
-
total
37
198
-
-
Dividends
130
702
-
-
withholding
39
211
-
-
total
39
211
-
-
Income
900
900
900
900
Total tax
417
409
419
444
After tax
483
491
481
456
Living cost
392
392
392
392
Free-cash
91
99
89
64

Estimated living cost  is €392 per week

€259
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.
€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.
€88
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
€196
€185
€256
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
trade
-
-
-
71
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
health

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

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

-
-
-
69
surtax

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

-
-
-
9
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
-
health

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

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

69
-
69
-
surtax

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

2
-
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
-
total
115
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
386
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.

3
7
-
-
income
58
135
-
-
trade
64
148
-
-
chamber of commerce
2
3
-
-
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
€288
€325
€324
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
health
-
-
-
23
social contributions
-
-
-
140
total
-
-
-
246
Employee
779
779
817
-
social contributions
38
65
68
-
health
8
13
14
-
income
82
72
82
-
total
128
150
164
-
Employer
779
779
817
-
social contributions
38
65
68
-
health
8
14
15
-
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
€322
€327
€439
€338
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
pensions
-
-
-
90
unemployment
-
-
-
14
health
-
-
-
63
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.

266
106
753
-
health
19
7
53
-
income
32
13
92
-
pensions
27
11
75
-
unemployment
4
2
11
-
total
82
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.

266
106
753
-
pensions
52
21
147
-
total
52
21
147
-
Corporate
582
774
-
-
income
52
70
-
-
total
52
70
-
-
Dividends
530
704
-
-
social contributions
102
136
-
-
withholding
101
134
-
-
total
203
270
-
-
Income
900
900
900
900
Total tax
389
394
378
277
After tax
511
506
522
623
Living cost
184
184
184
184
Free-cash
327
322
338
439

Estimated living cost  is €184 per week

€126
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
€412
€237
€274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
121
pensions
-
-
-
180
health
-
-
-
117
total
-
-
-
418
Employee
287
-
673
-
income
32
-
130
-
pensions
6
-
13
-
unemployment
5
-
11
-
total
43
-
154
-
Employer
287
-
673
-
unemployment
2
-
5
-
pensions
58
-
135
-
health
37
-
87
-
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
-€149
€38
€396
€235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
3
income
-
-
-
211
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
282
Employee
349
-
758
-
health
40
-
87
-
income
48
-
136
-
pensions
39
-
77
-
total
127
-
300
-
Employer
349
-
758
-
accident
6
-
13
-
unemployment
9
-
19
-
pensions
57
-
111
-
total
72
-
143
-
Corporate
480
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.

432
810
-
-
total
432
810
-
-
Dividends
48
90
-
-
withholding
9
17
-
-
total
9
17
-
-
Income
900
900
900
900
Total tax
640
827
443
282
After tax
260
73
457
618
Living cost
222
222
222
222
Free-cash
38
-149
235
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.
€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

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
€764
€747
€800
€629
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
114
-
900
-
income
23
-
180
-
total
23
-
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%.

786
900
-
-
total
-
-
-
-
Dividends
786
900
-
-
withholding
39
45
-
-
total
39
45
-
-
Income
900
900
900
900
Total tax
62
45
180
9
After tax
838
855
720
891
Living cost
91
91
91
91
Free-cash
747
764
629
800

Estimated living cost  is €91 per week

€57
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€25
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
€323
€217
€258
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
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
other
-
-
-
43
health
-
-
-
40
total
-
-
-
413
Employee
368
-
719
-
health
5
-
10
-
income
63
-
124
-
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
-
unemployment
4
-
7
-
total
98
-
191
-
Employer
368
-
719
-
accident
3
-
6
-
other
18
-
36
-
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.

63
-
122
-
health
5
-
10
-
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
-€6
-€194
-€11
-€112
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
-
-
-
167
pensions
-
-
-
64
total
-
-
-
231
Employee
962
-
794
-
health
16
-
12
-
income
173
-
142
-
pensions
93
-
73
-
total
282
-
227
-
Employer
962
-
794
-
pensions
114
-
90
-
health
18
-
15
-
total
132
-
105
-
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
414
226
332
231
After tax
486
674
568
669
Living cost
680
680
680
680
Free-cash
-194
-6
-112
-11

Estimated living cost  is €680 per week

€510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€637
€590
€538
€564
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
229
Employee
176
-
831
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
83
-
pensions

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

15
-
31
-
total
43
-
134
-
Employer
176
-
831
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
pensions

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

19
-
39
-
health
12
-
24
-
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.
€9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€42
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-€187
-€204
-€51
-€244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
155
pensions
-
-
-
119
health
-
-
-
115
total
-
-
-
389
Employee
940
865
865
-
health
117
113
133
-
income

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

142
142
142
-
pensions
119
119
156
-
total
378
374
431
-
Employer
940
865
865
-
unemployment
34
31
31
-
pensions
65
60
60
-
health
65
60
60
-
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
€377
€291
€195
€213
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
health
-
-
-
122
solidarity contribution
-
-
-
-
social contributions
-
-
-
263
total
-
-
-
462
Employee
357
-
672
-
social contributions
23
-
44
-
health
48
-
91
-
solidarity contribution
-
-
-
-
income
43
-
81
-
total
114
-
216
-
Employer
357
-
672
-
social contributions
89
-
168
-
health
32
-
60
-
total
121
-
228
-
Corporate
422
900
-
-
income
80
171
-
-
total
80
171
-
-
Dividends
342
729
-
-
withholding
51
109
-
-
total
51
109
-
-
Income
900
900
900
900
Total tax
366
280
444
462
After tax
534
620
456
438
Living cost
243
243
243
243
Free-cash
291
377
213
195

Estimated living cost  is €243 per week

€169
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.
€52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
€52
-€1
€43
€0
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
municipal
-
-
-
5
regional
-
-
-
10
national
-
-
-
183
social contributions
-
-
-
231
total
-
-
-
429
Employee
901
-
900
-
social contributions
304
-
303
-
regional
8
-
8
-
municipal
5
-
5
-
national
156
-
156
-
total
473
-
472
-
Employer
901
-
900
-
total
-
-
-
-
Corporate
-
900
-
-
nationa
-
216
-
-
municipal
-
35
-
-
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
€310
€251
€232
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
pensions
-
-
-
180
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
64
surtax
-
-
-
18
total
-
-
-
425
Employee
335
-
743
-
other
-
-
-
-
health
9
-
19
-
surtax
1
-
16
-
income
56
-
150
-
pensions
22
-
50
-
unemployment
23
-
52
-
total
111
-
287
-
Employer
335
-
743
-
other
-
-
-
-
unemployment
11
-
24
-
pensions
45
-
99
-
health
15
-
34
-
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
€209
€129
€204
€103
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
-
-
-
167
pensions
-
-
-
64
total
-
-
-
231
Employee
645
-
794
-
health
9
-
12
-
income
116
-
142
-
pensions
55
-
73
-
total
180
-
227
-
Employer
645
-
794
-
pensions
70
-
90
-
health
12
-
15
-
total
82
-
105
-
Corporate
173
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.

33
171
-
-
total
33
171
-
-
Dividends
140
729
-
-
withholding
11
55
-
-
total
11
55
-
-
Income
900
900
900
900
Total tax
306
226
332
231
After tax
594
674
568
669
Living cost
465
465
465
465
Free-cash
129
209
103
204

Estimated living cost  is €465 per week

€348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€354
-€81
-€11
-€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
city
-
-
-
9
pensions
-
-
-
83
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
-
-
-
29
health
-
-
-
2
national
-
-
-
4
total
-
-
-
145
Employee
896
-
806
-
city
10
-
9
-
regional
29
-
24
-
health
2
-
2
-
pensions
75
-
68
-
unemployment
-
-
-
-
national
4
-
4
-
total
120
-
107
-
Employer
896
-
806
-
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.

18
-
16
-
unemployment
-
-
-
-
pensions
75
-
68
-
health
2
-
2
-
total
95
-
86
-
Corporate
-
900
-
-
regional
-
190
-
-
national
-
76
-
-
total
-
266
-
-
Dividends
-
633
-
-
withholding
-
222
-
-
total
-
222
-
-
Income
900
900
900
900
Total tax
215
488
193
145
After tax
685
412
707
755
Living cost
766
766
766
766
Free-cash
-81
-354
-59
-11

Estimated living cost  is €766 per week

€498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€190
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
€147
€116
€190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
900
trade
-
-
-
74
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
health

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

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

-
-
-
69
surtax

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

-
-
-
9
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
-
health

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

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

69
-
69
-
surtax

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

4
-
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
-
total
145
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
291
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
7
-
-
income
44
135
-
-
trade
50
154
-
-
chamber of commerce
2
3
-
-
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
€167
€174
€171
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
70
pensions
-
-
-
245
other
-
-
-
28
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
26
total
-
-
-
379
Employee
434
-
686
-
social contributions
12
-
20
-
surtax
-
-
-
-
income
26
-
69
-
pensions
49
-
78
-
total
87
-
167
-
Employer
434
-
686
-
other
15
-
24
-
social contributions
1
-
2
-
unemployment
18
-
28
-
pensions
71
-
113
-
health
30
-
48
-
total
135
-
215
-
Corporate
331
900
-
-
surtax
-
-
-
-
income
93
252
-
-
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
€197
€209
€206
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
pensions
-
-
-
245
other
-
-
-
28
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
26
total
-
-
-
379
Employee
387
-
686
-
social contributions
11
-
20
-
surtax
-
-
-
-
income
20
-
69
-
pensions
44
-
78
-
total
75
-
167
-
Employer
387
-
686
-
other
13
-
24
-
social contributions
1
-
2
-
unemployment
16
-
28
-
pensions
64
-
113
-
health
27
-
48
-
total
121
-
215
-
Corporate
392
900
-
-
surtax
-
-
-
-
income
110
252
-
-
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
€340
€363
€370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
135
health
-
-
-
63
social contributions
-
-
-
124
total
-
-
-
322
Employee
344
-
900
-
social contributions
47
-
124
-
health
24
-
63
-
income
57
-
128
-
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
-
-
health
37
60
-
-
social contributions
73
118
-
-
withholding
79
128
-
-
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
€133
€108
-€63
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
chamber of commerce
-
-
-
4
income
-
-
-
132
pensions
-
-
-
166
unemployment
-
-
-
62
health
-
-
-
69
surtax
-
-
-
2
total
-
-
-
435
Employee
506
404
697
-
other
5
4
7
-
health
20
16
27
-
income
58
30
112
-
pensions
52
41
71
-
unemployment
15
12
21
-
total
150
103
238
-
Employer
506
404
697
-
accident
7
5
9
-
other
24
19
33
-
chamber of commerce
2
2
3
-
unemployment
15
12
21
-
surtax
2
2
2
-
pensions
64
51
88
-
payroll
15
12
21
-
health
19
15
26
-
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
-€36
€66
-€12
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
national
-
-
-
284
communal

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

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

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

725
-
697
-
communal

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

38
-
36
-
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
-
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
-
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
-
national
223
-
212
-
total
355
-
339
-
Employer

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

725
-
697
-
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
-
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
-
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
-
total
211
-
203
-
Corporate
-
900
-
-
surtax
-
4
-
-
income
-
180
-
-
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
€160
€110
€116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
8
income
-
-
-
154
pensions
-
-
-
255
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
424
Employee
504
-
682
-
other
-
-
1
-
income
106
-
156
-
pensions
24
-
32
-
unemployment
8
-
11
-
total
138
-
200
-
Employer
504
-
682
-
accident
10
-
14
-
other
4
-
5
-
unemployment
28
-
38
-
pensions
119
-
161
-
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
-€59
-€24
€21
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
-
-
-
65
pensions
-
-
-
135
health
-
-
-
63
surtax
-
-
-
45
communal
-
-
-
57
total
-
-
-
373
Employee
767
-
804
-
health
34
-
36
-
surtax
47
-
49
-
income
74
-
83
-
pensions
61
-
64
-
total
216
-
232
-
Employer
767
-
804
-
accident
7
-
7
-
pensions
61
-
64
-
health
23
-
25
-
total
91
-
96
-
Corporate
41
900
-
-
surtax
-
9
-
-
communal
-
61
-
-
income
6
135
-
-
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
€304
€247
€228
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
pensions
-
-
-
180
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
64
surtax
-
-
-
18
total
-
-
-
425
Employee
341
-
743
-
other
-
-
-
-
health
9
-
19
-
surtax
1
-
16
-
income
57
-
150
-
pensions
23
-
50
-
unemployment
24
-
52
-
total
114
-
287
-
Employer
341
-
743
-
other
-
-
-
-
unemployment
11
-
24
-
pensions
46
-
99
-
health
16
-
34
-
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
€177
€194
€151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
municipal
-
-
-
5
regional
-
-
-
14
national
-
-
-
183
social contributions
-
-
-
231
total
-
-
-
433
Employee
562
-
900
-
social contributions
190
-
303
-
regional
8
-
12
-
municipal
3
-
5
-
national
89
-
156
-
total
290
-
476
-
Employer
562
-
900
-
total
-
-
-
-
Corporate
338
900
-
-
nationa
81
216
-
-
municipal
17
45
-
-
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
€321
€213
€139
€157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
77
health
-
-
-
122
solidarity contribution
-
-
-
-
social contributions
-
-
-
263
total
-
-
-
462
Employee
440
-
672
-
social contributions
29
-
44
-
health
59
-
91
-
solidarity contribution
-
-
-
-
income
53
-
81
-
total
141
-
216
-
Employer
440
-
672
-
social contributions
110
-
168
-
health
40
-
60
-
total
150
-
228
-
Corporate
311
900
-
-
income
59
171
-
-
total
59
171
-
-
Dividends
252
729
-
-
withholding
38
109
-
-
total
38
109
-
-
Income
900
900
900
900
Total tax
388
280
444
462
After tax
512
620
456
438
Living cost
299
299
299
299
Free-cash
213
321
157
139

Estimated living cost  is €299 per week

€222
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.
€55
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
€181
€144
-€29
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
chamber of commerce
-
-
-
4
income
-
-
-
132
pensions
-
-
-
166
unemployment
-
-
-
62
health
-
-
-
69
surtax
-
-
-
-
total
-
-
-
433
Employee
443
404
699
-
other
4
4
7
-
health
17
16
27
-
income
39
30
113
-
pensions
45
41
72
-
unemployment
13
12
21
-
total
118
103
240
-
Employer
443
404
699
-
accident
6
5
9
-
other
21
19
33
-
chamber of commerce
2
2
3
-
unemployment
13
12
21
-
surtax
-
-
-
-
pensions
56
51
88
-
payroll
13
12
21
-
health
17
15
26
-
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
€713
€686
€749
€578
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
178
-
900
-
income
36
-
180
-
total
36
-
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%.

722
900
-
-
total
-
-
-
-
Dividends
722
900
-
-
withholding
36
45
-
-
total
36
45
-
-
Income
900
900
900
900
Total tax
72
45
180
9
After tax
828
855
720
891
Living cost
142
142
142
142
Free-cash
686
713
578
749

Estimated living cost  is €142 per week

€96
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€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.
€35
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
€263
€199
€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

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
pensions
-
-
-
164
unemployment
-
-
-
1
health
-
-
-
89
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
-
health
29
-
50
-
income
77
-
162
-
pensions
69
-
121
-
unemployment
1
-
1
-
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
-
unemployment
-
-
-
-
pensions
40
-
69
-
health
30
-
52
-
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
€111
-€611
€185
€329
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
627
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
627
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
900
-
-
income
-
198
-
-
total
-
198
-
-
Dividends
-
702
-
-
income
-
154
-
-
total
-
154
-
-
Income
900
900
900
900
Total tax
1 074
352
133
278
After tax
-174
548
767
622
Living cost
438
438
438
438
Free-cash
-611
111
329
185

Estimated living cost  is €438 per week

€284
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.
€107
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
€183
€189
€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

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
-
social contributions
51
-
80
-
surtax
-
-
-
-
income
97
-
182
-
total
148
-
262
-
Employer
466
-
727
-
social contributions
111
-
173
-
total
111
-
173
-
Corporate
323
900
-
-
surtax
-
-
-
-
income
68
189
-
-
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
€35
€32
€29
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
70
pensions
-
-
-
245
other
-
-
-
28
health
-
-
-
10
surtax
-
-
-
-
social contributions
-
-
-
26
total
-
-
-
379
Employee
635
-
686
-
social contributions
18
-
20
-
surtax
-
-
-
-
income
55
-
69
-
pensions
72
-
78
-
total
145
-
167
-
Employer
635
-
686
-
other
22
-
24
-
social contributions
2
-
2
-
unemployment
26
-
28
-
pensions
104
-
113
-
health
44
-
48
-
total
198
-
215
-
Corporate
67
900
-
-
surtax
-
-
-
-
income
19
252
-
-
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
€472
€385
€410
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
-€1310
-€1310
€76
-€1310
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
municipal
-
-
-
162
pensions
-
-
-
9
national
-
-
-
94
labour market
-
-
-
71
total
-
-
-
336
Employee
2 061
2 061
2 061
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 061
2 061
2 061
-
labour market
165
165
165
-
municipal
440
440
440
-
pensions
6
6
6
-
national
252
252
252
-
total
863
863
863
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
900
900
900
900
Total tax
1 722
1 722
1 722
336
After tax
-822
-822
-822
564
Living cost
488
488
488
488
Free-cash
-1 310
-1 310
-1 310
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
-€145
€40
€400
€239
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
-
-
-
211
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
282
Employee
343
-
758
-
health
39
-
87
-
income
47
-
136
-
pensions
39
-
77
-
total
125
-
300
-
Employer
343
-
758
-
accident
6
-
13
-
unemployment
8
-
19
-
pensions
56
-
111
-
total
70
-
143
-
Corporate
487
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.

438
810
-
-
total
438
810
-
-
Dividends
49
90
-
-
withholding
9
17
-
-
total
9
17
-
-
Income
900
900
900
900
Total tax
642
827
443
282
After tax
258
73
457
618
Living cost
218
218
218
218
Free-cash
40
-145
239
400

Estimated living cost  is €218 per week

€159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€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 Krakow model

Close
Helsinki , Finland
€218
€185
€263
€134
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
municipal
-
-
-
160
health
-
-
-
10
national
-
-
-
78
total
-
-
-
248
Employee
533
-
757
-
health
4
-
7
-
municipal
87
-
124
-
pensions
36
-
51
-
unemployment
8
-
11
-
national
9
-
41
-
total
144
-
234
-
Employer
533
-
757
-
accident
1
-
1
-
unemployment
3
-
5
-
pensions
92
-
131
-
health
4
-
6
-
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
-
-
national
-
16
-
-
municipal
29
97
-
-
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
€369
€419
€418
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
health
-
-
-
23
social contributions
-
-
-
140
total
-
-
-
246
Employee
779
779
817
-
social contributions
29
65
68
-
health
6
13
14
-
income
85
72
82
-
total
120
150
164
-
Employer
779
779
817
-
social contributions
29
65
68
-
health
7
14
15
-
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
€532
€554
€395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
185
Employee

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

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

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

233
-
816
-
unemployment
1
-
4
-
pensions
13
-
45
-
health
10
-
35
-
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
€275
€197
€203
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
pensions
-
-
-
255
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
424
Employee
375
-
682
-
other
-
-
1
-
income
72
-
156
-
pensions
18
-
32
-
unemployment
6
-
11
-
total
96
-
200
-
Employer
375
-
682
-
accident
7
-
14
-
other
3
-
5
-
unemployment
21
-
38
-
pensions
88
-
161
-
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
€534
€529
€541
€539
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
-
-
-
296
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
331
Employee
42
-
877
-
health
2
-
5
-
income
8
-
295
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
310
-
Employer
42
-
877
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
848
900
-
-
income
187
198
-
-
total
187
198
-
-
Dividends
662
702
-
-
withholding
132
140
-
-
total
132
140
-
-
Income
900
900
900
900
Total tax
343
338
333
331
After tax
557
562
567
569
Living cost
28
28
28
28
Free-cash
529
534
539
541

Estimated living cost  is €28 per week

€16
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.
€1
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.
€8
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
€425
€288
€286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
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
-
health
14
-
39
-
income
36
-
154
-
pensions
37
-
105
-
unemployment
2
-
6
-
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
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
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
€236
€234
€192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
social contributions
43
-
80
-
surtax
-
-
-
-
income
77
-
182
-
total
120
-
262
-
Employer
393
-
727
-
social contributions
93
-
173
-
total
93
-
173
-
Corporate
413
900
-
-
surtax
-
-
-
-
income
87
189
-
-
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
€173
€120
€126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
accident
-
-
-
8
income
-
-
-
154
pensions
-
-
-
255
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
424
Employee
489
-
682
-
other
-
-
1
-
income
102
-
156
-
pensions
23
-
32
-
unemployment
8
-
11
-
total
133
-
200
-
Employer
489
-
682
-
accident
10
-
14
-
other
4
-
5
-
unemployment
27
-
38
-
pensions
116
-
161
-
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
€596
€534
€497
€523
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
pensions

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

-
-
-
52
unemployment
-
-
-
1
health
-
-
-
41
total
-
-
-
229
Employee
231
-
831
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
83
-
pensions

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

20
-
31
-
total
57
-
134
-
Employer
231
-
831
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
1
-
2
-
pensions

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

25
-
39
-
health
16
-
24
-
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
174
174
174
174
Free-cash
534
596
523
497

Estimated living cost  is €174 per week

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

Source of data for Sofia model

Close
Berlin , Germany
€74
€207
€201
€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

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

-
-
-
900
trade
-
-
-
62
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
health

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

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

-
-
-
69
surtax

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

-
-
-
9
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
-
health

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

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

69
-
69
-
surtax

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

2
-
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
-
total
112
-
246
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
396
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.

3
7
-
-
income
59
135
-
-
trade
57
129
-
-
chamber of commerce
2
3
-
-
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
€75
€53
€53
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
€214
€176
€290
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.

-
-
-
68
total
-
-
-
356
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
356
After tax
582
531
658
544
Living cost
368
368
368
368
Free-cash
214
163
290
176

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
€296
€239
€291
€190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
900
income
-
-
-
167
pensions
-
-
-
64
total
-
-
-
231
Employee
518
-
794
-
health
7
-
12
-
income
94
-
142
-
pensions
40
-
73
-
total
141
-
227
-
Employer
518
-
794
-
pensions
52
-
90
-
health
10
-
15
-
total
62
-
105
-
Corporate
319
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.

61
171
-
-
total
61
171
-
-
Dividends
259
729
-
-
withholding
19
55
-
-
total
19
55
-
-
Income
900
900
900
900
Total tax
283
226
332
231
After tax
617
674
568
669
Living cost
378
378
378
378
Free-cash
239
296
190
291

Estimated living cost  is €378 per week

€259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
€0
I'm drinking at home rarely or never.
€0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€167
€37
€378
€217
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
-
-
-
211
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
282
Employee
378
-
758
-
health
43
-
87
-
income
52
-
136
-
pensions
43
-
77
-
total
138
-
300
-
Employer
378
-
758
-
accident
6
-
13
-
unemployment
9
-
19
-
pensions
61
-
111
-
total
76
-
143
-
Corporate
446
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.

401
810
-
-
total
401
810
-
-
Dividends
45
90
-
-
withholding
8
17
-
-
total
8
17
-
-
Income
900
900
900
900
Total tax
623
827
443
282
After tax
277
73
457
618
Living cost
240
240
240
240
Free-cash
37
-167
217
378

Estimated living cost  is €240 per week

€176
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.
€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

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
€579
€379
€405
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
work injury
-
-
-
5
health insurance
-
-
-
67
income
-
-
-
135
pensions
-
-
-
166
unemployment
-
-
-
11
total
-
-
-
384
Employee

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

219
-
900
-
work injury
1
-
4
-
income
22
-
135
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
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
€24
€59
€18
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
municipal
-
-
-
6
regional
-
-
-
17
national
-
-
-
183
social contributions
-
-
-
231
total
-
-
-
437
Employee
854
-
900
-
social contributions
288
-
303
-
regional
13
-
14
-
municipal
5
-
5
-
national
144
-
156
-
total
450
-
478
-
Employer
854
-
900
-
total
-
-
-
-
Corporate
46
900
-
-
nationa
11
216
-
-
municipal
2
43
-
-
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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