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
€ 950
per

Your estimated
City
free-cash

Dresden , Germany
€173
€285
€302
€377
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.

-
-
-
950
trade
-
-
-
75
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.

-
-
-
187
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.

-
-
-
10
total
-
-
-
341
Employee

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

388
-
950
-
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
-
10
-
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
-
187
-
total
81
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
562
950
-
-
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
-
-
income
84
142
-
-
trade
89
150
-
-
chamber of commerce
2
3
-
-
total
180
303
-
-
Dividends
382
647
-
-
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
9
-
-
withholding
92
158
-
-
total
97
167
-
-
Income
950
950
950
950
Total tax
358
470
266
341
After tax
592
480
684
609
Living cost
307
307
307
307
Free-cash
285
173
377
302

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
€82
€72
€65
€71
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
-
-
-
950
municipal
-
-
-
98
pensions
-
-
-
114
national
-
-
-
152
social contributions
-
-
-
10
total
-
-
-
374
Employee
793
-
821
-
municipal
98
-
102
-
pensions
32
-
33
-
national
152
-
158
-
total
282
-
293
-
Employer
793
-
821
-
social contributions
9
-
9
-
pensions
63
-
66
-
total
72
-
75
-
Corporate
33
950
-
-
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%.

7
190
-
-
total
7
190
-
-
Dividends
27
760
-
-
withholding
6
167
-
-
total
6
167
-
-
Income
950
950
950
950
Total tax
367
357
368
374
After tax
583
593
582
576
Living cost
511
511
511
511
Free-cash
72
82
71
65

Estimated living cost  is €511 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
€549
€465
€297
€326
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.

-
-
-
950
microenterprise
-
-
-
-
income
-
-
-
137
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.

-
-
-
305
total
-
-
-
442
Employee
296
-
766
-
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
-
84
-
surtax
-
-
-
-
income
53
-
145
-
total
86
-
229
-
Employer
296
-
766
-
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
-
184
-
surtax
-
-
-
-
total
71
-
184
-
Corporate
583
950
-
-
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%.

117
190
-
-
total
117
190
-
-
Dividends

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

466
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
274
190
413
442
After tax
676
760
537
508
Living cost
211
211
211
211
Free-cash
465
549
326
297

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
€0
-€57
€114
-€57
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
-
-
-
950
income
-
-
-
174
pensions
-
-
-
119
health
-
-
-
118
total
-
-
-
411
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
950
950
950
950
Total tax
582
525
582
411
After tax
368
425
368
539
Living cost
425
425
425
425
Free-cash
-57
-
-57
114

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
€129
€120
€104
€118
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
-
-
-
950
municipal
-
-
-
209
accident
-
-
-
2
pensions
-
-
-
92
other
-
-
-
99
unemployment
-
-
-
1
health
-
-
-
53
national
-
-
-
-
total
-
-
-
456
Employee
556
-
723
-
municipal
166
-
216
-
national
-
-
-
-
total
166
-
216
-
Employer
556
-
723
-
accident
1
-
1
-
other
65
-
84
-
unemployment
15
-
19
-
pensions
60
-
78
-
health
34
-
44
-
total
175
-
226
-
Corporate
219
950
-
-
income
48
209
-
-
total
48
209
-
-
Dividends
171
741
-
-
withholding
51
222
-
-
total
51
222
-
-
Income
950
950
950
950
Total tax
440
431
442
456
After tax
510
519
508
494
Living cost
390
390
390
390
Free-cash
120
129
118
104

Estimated living cost  is €390 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.
€87
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
€78
€221
€207
€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

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

-
-
-
950
trade
-
-
-
79
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.

-
-
-
187
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.

-
-
-
10
total
-
-
-
345
Employee

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

514
-
950
-
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
-
10
-
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
-
187
-
total
115
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
436
950
-
-
surtax

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

4
8
-
-
income
65
142
-
-
trade
72
156
-
-
chamber of commerce
2
3
-
-
total
143
309
-
-
Dividends
293
640
-
-
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
-
-
withholding
69
156
-
-
total
73
165
-
-
Income
950
950
950
950
Total tax
331
474
266
345
After tax
619
476
684
605
Living cost
398
398
398
398
Free-cash
221
78
286
207

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
€367
€324
€354
€351
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
-
-
-
950
income
-
-
-
95
health
-
-
-
24
social contributions
-
-
-
148
total
-
-
-
267
Employee
779
779
862
-
social contributions
38
65
72
-
health
8
13
15
-
income
82
72
95
-
total
128
150
182
-
Employer
779
779
862
-
social contributions
38
65
72
-
health
8
14
16
-
total
46
79
88
-
Corporate
448
92
-
-
income
56
11
-
-
total
56
11
-
-
Dividends
392
80
-
-
withholding
67
14
-
-
total
67
14
-
-
Income
950
950
950
950
Total tax
297
254
270
267
After tax
653
696
680
683
Living cost
329
329
329
329
Free-cash
324
367
351
354

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
€351
€355
€475
€367
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
-
-
-
950
income
-
-
-
116
pensions
-
-
-
95
unemployment
-
-
-
14
health
-
-
-
66
total
-
-
-
291
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.

265
105
795
-
health
19
7
56
-
income
32
13
97
-
pensions
26
11
79
-
unemployment
4
2
12
-
total
81
33
244
-
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.

265
105
795
-
pensions
52
21
155
-
total
52
21
155
-
Corporate
633
824
-
-
income
57
74
-
-
total
57
74
-
-
Dividends
576
750
-
-
social contributions
111
145
-
-
withholding
110
142
-
-
total
221
287
-
-
Income
950
950
950
950
Total tax
411
415
399
291
After tax
539
535
551
659
Living cost
184
184
184
184
Free-cash
355
351
367
475

Estimated living cost  is €184 per week

€125
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
€515
€452
€264
€303
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
-
-
-
950
income
-
-
-
127
pensions
-
-
-
190
health
-
-
-
124
total
-
-
-
441
Employee
287
-
710
-
income
32
-
137
-
pensions
6
-
14
-
unemployment
5
-
11
-
total
43
-
162
-
Employer
287
-
710
-
unemployment
2
-
6
-
pensions
58
-
142
-
health
37
-
92
-
total
97
-
240
-
Corporate
565
950
-
-
income
113
190
-
-
total
113
190
-
-
Dividends
452
760
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
253
190
402
441
After tax
697
760
548
509
Living cost
245
245
245
245
Free-cash
452
515
303
264

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
-€144
€42
€430
€266
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
-
-
-
950
accident
-
-
-
3
income
-
-
-
228
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
299
Employee
348
-
806
-
health
40
-
92
-
income
48
-
150
-
pensions
39
-
77
-
total
127
-
319
-
Employer
348
-
806
-
accident
6
-
13
-
unemployment
9
-
20
-
pensions
57
-
111
-
total
72
-
144
-
Corporate
531
950
-
-
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.

478
855
-
-
total
478
855
-
-
Dividends
53
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
687
873
463
299
After tax
263
77
487
651
Living cost
221
221
221
221
Free-cash
42
-144
266
430

Estimated living cost  is €221 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
€811
€793
€849
€668
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%.

-
-
-
950
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
115
-
950
-
income
23
-
190
-
total
23
-
190
-
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%.

835
950
-
-
total
-
-
-
-
Dividends
835
950
-
-
withholding
42
47
-
-
total
42
47
-
-
Income
950
950
950
950
Total tax
65
47
190
9
After tax
885
903
760
941
Living cost
92
92
92
92
Free-cash
793
811
668
849

Estimated living cost  is €92 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
€427
€359
€244
€285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
121
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.

-
-
-
228
other
-
-
-
45
health
-
-
-
42
total
-
-
-
436
Employee
368
-
759
-
health
5
-
11
-
income
63
-
131
-
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
-
53
-
unemployment
4
-
8
-
total
98
-
203
-
Employer
368
-
759
-
accident
3
-
6
-
other
18
-
38
-
unemployment
4
-
8
-
pensions

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

63
-
129
-
health
5
-
11
-
total
93
-
192
-
Corporate
489
950
-
-
income
103
200
-
-
total
103
200
-
-
Dividends
387
750
-
-
withholding
27
53
-
-
total
27
53
-
-
Income
950
950
950
950
Total tax
321
253
395
436
After tax
629
697
555
514
Living cost
270
270
270
270
Free-cash
359
427
285
244

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
€30
-€147
€16
-€84
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
-
-
-
950
income
-
-
-
184
pensions
-
-
-
68
total
-
-
-
252
Employee
965
-
838
-
health
16
-
13
-
income
174
-
149
-
pensions
93
-
78
-
total
283
-
240
-
Employer
965
-
838
-
pensions
114
-
96
-
health
18
-
16
-
total
132
-
112
-
Corporate
-
950
-
-
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.

-
180
-
-
total
-
180
-
-
Dividends
-
770
-
-
withholding
-
58
-
-
total
-
58
-
-
Income
950
950
950
950
Total tax
415
238
352
252
After tax
535
712
598
698
Living cost
682
682
682
682
Free-cash
-147
30
-84
16

Estimated living cost  is €682 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
€679
€633
€581
€609
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
-
-
-
950
income
-
-
-
142
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
-
-
-
236
Employee
176
-
881
-
health
8
-
16
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
18
-
88
-
pensions

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

15
-
31
-
total
43
-
139
-
Employer
176
-
881
-
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
740
950
-
-
income
74
95
-
-
total
74
95
-
-
Dividends
666
855
-
-
withholding
33
43
-
-
total
33
43
-
-
Income
950
950
950
950
Total tax
184
138
208
236
After tax
766
812
742
714
Living cost
133
133
133
133
Free-cash
633
679
609
581

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
-€137
-€154
-€23
-€194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
174
pensions
-
-
-
119
health
-
-
-
118
total
-
-
-
411
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
950
950
950
950
Total tax
542
525
582
411
After tax
408
425
368
539
Living cost
562
562
562
562
Free-cash
-154
-137
-194
-23

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
€412
€326
€221
€240
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
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
356
-
709
-
social contributions
23
-
46
-
health
48
-
96
-
solidarity contribution
-
-
-
-
income
43
-
85
-
total
114
-
227
-
Employer
356
-
709
-
social contributions
89
-
177
-
health
32
-
64
-
total
121
-
241
-
Corporate
473
950
-
-
income
90
181
-
-
total
90
181
-
-
Dividends
383
769
-
-
withholding
57
115
-
-
total
57
115
-
-
Income
950
950
950
950
Total tax
382
296
468
487
After tax
568
654
482
463
Living cost
242
242
242
242
Free-cash
326
412
240
221

Estimated living cost  is €242 per week

€168
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
€79
€26
€65
€20
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
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
10
national
-
-
-
197
social contributions
-
-
-
244
total
-
-
-
457
Employee
901
-
950
-
social contributions
304
-
320
-
regional
8
-
9
-
municipal
5
-
5
-
national
156
-
168
-
total
473
-
502
-
Employer
901
-
950
-
total
-
-
-
-
Corporate
49
950
-
-
nationa
12
228
-
-
municipal
2
37
-
-
total
14
265
-
-
Dividends
36
685
-
-
withholding
9
178
-
-
total
9
178
-
-
Income
950
950
950
950
Total tax
496
443
502
457
After tax
454
507
448
493
Living cost
428
428
428
428
Free-cash
26
79
20
65

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
€374
€342
€272
€252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
175
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
20
total
-
-
-
454
Employee
335
-
785
-
other
-
-
-
-
health
9
-
20
-
surtax
1
-
18
-
income
56
-
163
-
pensions
22
-
52
-
unemployment
23
-
55
-
total
111
-
308
-
Employer
335
-
785
-
other
-
-
-
-
unemployment
11
-
25
-
pensions
45
-
105
-
health
15
-
36
-
total
71
-
166
-
Corporate
544
950
-
-
income
142
247
-
-
total
142
247
-
-
Dividends
403
703
-
-
withholding
60
105
-
-
total
60
105
-
-
Income
950
950
950
950
Total tax
384
352
474
454
After tax
566
598
476
496
Living cost
224
224
224
224
Free-cash
342
374
252
272

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
€246
€166
€232
€132
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
-
-
-
950
income
-
-
-
184
pensions
-
-
-
68
total
-
-
-
252
Employee
647
-
838
-
health
9
-
13
-
income
117
-
149
-
pensions
55
-
78
-
total
181
-
240
-
Employer
647
-
838
-
pensions
70
-
96
-
health
12
-
16
-
total
82
-
112
-
Corporate
221
950
-
-
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.

42
180
-
-
total
42
180
-
-
Dividends
179
770
-
-
withholding
13
58
-
-
total
13
58
-
-
Income
950
950
950
950
Total tax
318
238
352
252
After tax
632
712
598
698
Living cost
466
466
466
466
Free-cash
166
246
132
232

Estimated living cost  is €466 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-€340
-€42
€21
-€27
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
city
-
-
-
10
pensions
-
-
-
87
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.

-
-
-
19
regional
-
-
-
31
health
-
-
-
3
national
-
-
-
5
total
-
-
-
155
Employee
906
-
850
-
city
10
-
9
-
regional
30
-
27
-
health
2
-
2
-
pensions
76
-
71
-
unemployment
-
-
-
-
national
4
-
4
-
total
122
-
113
-
Employer
906
-
850
-
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
-
17
-
unemployment
-
-
-
-
pensions
76
-
71
-
health
2
-
2
-
total
96
-
90
-
Corporate
-
950
-
-
regional
-
201
-
-
national
-
81
-
-
total
-
282
-
-
Dividends
-
668
-
-
withholding
-
234
-
-
total
-
234
-
-
Income
950
950
950
950
Total tax
218
516
203
155
After tax
732
434
747
795
Living cost
774
774
774
774
Free-cash
-42
-340
-27
21

Estimated living cost  is €774 per week

€503
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.
€10
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
€192
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
€7
€171
€138
€220
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.

-
-
-
950
trade
-
-
-
82
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.

-
-
-
187
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.

-
-
-
10
total
-
-
-
348
Employee

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

609
-
950
-
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
-
10
-
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
-
187
-
total
145
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
341
950
-
-
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
-
-
income
51
142
-
-
trade
58
163
-
-
chamber of commerce
2
3
-
-
total
114
316
-
-
Dividends
227
634
-
-
surtax

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

3
8
-
-
withholding
53
155
-
-
total
56
163
-
-
Income
950
950
950
950
Total tax
315
479
266
348
After tax
635
471
684
602
Living cost
464
464
464
464
Free-cash
171
7
220
138

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
€131
€192
€202
€196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
pensions
-
-
-
249
other
-
-
-
29
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
401
Employee
434
-
724
-
social contributions
12
-
21
-
surtax
-
-
-
-
income
26
-
78
-
pensions
49
-
82
-
total
87
-
181
-
Employer
434
-
724
-
other
15
-
25
-
social contributions
1
-
2
-
unemployment
18
-
29
-
pensions
71
-
119
-
health
30
-
51
-
total
135
-
226
-
Corporate
381
950
-
-
surtax
-
-
-
-
income
107
266
-
-
total
107
266
-
-
Dividends
274
684
-
-
surtax
-
-
-
-
social contributions
47
118
-
-
withholding
35
88
-
-
total
82
206
-
-
Income
950
950
950
950
Total tax
411
472
407
401
After tax
539
478
543
549
Living cost
347
347
347
347
Free-cash
192
131
196
202

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
€166
€222
€237
€231
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
-
-
-
950
income
-
-
-
82
pensions
-
-
-
249
other
-
-
-
29
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
401
Employee
387
-
724
-
social contributions
11
-
21
-
surtax
-
-
-
-
income
20
-
78
-
pensions
44
-
82
-
total
75
-
181
-
Employer
387
-
724
-
other
13
-
25
-
social contributions
1
-
2
-
unemployment
16
-
29
-
pensions
64
-
119
-
health
27
-
51
-
total
121
-
226
-
Corporate
442
950
-
-
surtax
-
-
-
-
income
124
266
-
-
total
124
266
-
-
Dividends
318
684
-
-
surtax
-
-
-
-
social contributions
55
118
-
-
withholding
41
88
-
-
total
96
206
-
-
Income
950
950
950
950
Total tax
416
472
407
401
After tax
534
478
543
549
Living cost
312
312
312
312
Free-cash
222
166
231
237

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
€364
€371
€396
€400
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
-
-
-
950
income
-
-
-
142
health
-
-
-
66
social contributions
-
-
-
131
total
-
-
-
339
Employee
344
-
950
-
social contributions
47
-
131
-
health
24
-
66
-
income
57
-
138
-
total
128
-
335
-
Employer
344
-
950
-
total
-
-
-
-
Corporate
606
950
-
-
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%.

30
48
-
-
total
30
48
-
-
Dividends
576
902
-
-
health
40
63
-
-
social contributions
80
125
-
-
withholding
86
135
-
-
total
206
323
-
-
Income
950
950
950
950
Total tax
364
371
335
339
After tax
586
579
615
611
Living cost
215
215
215
215
Free-cash
371
364
400
396

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
€177
€160
€129
-€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
-
-
-
950
chamber of commerce
-
-
-
4
income
-
-
-
147
pensions
-
-
-
176
unemployment
-
-
-
62
health
-
-
-
73
surtax
-
-
-
2
total
-
-
-
464
Employee
506
404
736
-
other
5
4
7
-
health
20
16
28
-
income
58
30
132
-
pensions
52
41
75
-
unemployment
15
12
22
-
total
150
103
264
-
Employer
506
404
736
-
accident
7
5
10
-
other
24
19
35
-
chamber of commerce
2
2
3
-
unemployment
15
12
22
-
surtax
2
2
2
-
pensions
64
51
92
-
payroll
15
12
22
-
health
19
15
28
-
total
148
118
214
-
Corporate
296
428
698
-
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.

74
107
174
-
total
74
107
174
-
Dividends
222
321
-
-
withholding
61
88
-
-
total
61
88
-
-
Income
950
950
950
950
Total tax
433
416
652
464
After tax
517
534
298
486
Living cost
357
357
357
357
Free-cash
160
177
-59
129

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
€164
€12
€84
€6
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
-
-
-
950
national
-
-
-
303
communal

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

-
-
-
48
social contributions
-
-
-
145
total
-
-
-
496
Employee

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

725
-
736
-
communal

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

38
-
38
-
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
-
35
-
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
-
55
-
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
-
227
-
total
355
-
361
-
Employer

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

725
-
736
-
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
-
10
-
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
-
11
-
surtax
82
-
83
-
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
-
65
-
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
-
45
-
total
211
-
214
-
Corporate
14
950
-
-
surtax
-
4
-
-
income
3
190
-
-
total
3
194
-
-
Dividends
11
756
-
-
withholding

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

-
223
-
-
total
-
223
-
-
Income
950
950
950
950
Total tax
569
417
575
496
After tax
381
533
375
454
Living cost
370
370
370
370
Free-cash
12
164
6
84

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
€275
€193
€137
€141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
8
income
-
-
-
165
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
447
Employee
504
-
720
-
other
-
-
1
-
income
106
-
167
-
pensions
24
-
34
-
unemployment
8
-
11
-
total
138
-
213
-
Employer
504
-
720
-
accident
10
-
14
-
other
4
-
6
-
unemployment
28
-
40
-
pensions
119
-
170
-
total
161
-
230
-
Corporate
285
950
-
-
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.

43
142
-
-
total
43
142
-
-
Dividends
242
808
-
-
withholding
49
167
-
-
total
49
167
-
-
Income
950
950
950
950
Total tax
391
309
443
447
After tax
559
641
507
503
Living cost
366
366
366
366
Free-cash
193
275
141
137

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
€33
-€32
€1
€44
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
-
-
-
950
accident
-
-
-
8
income
-
-
-
74
pensions
-
-
-
142
health
-
-
-
67
surtax
-
-
-
47
communal
-
-
-
60
total
-
-
-
398
Employee
767
-
849
-
health
34
-
38
-
surtax
47
-
52
-
income
74
-
95
-
pensions
61
-
68
-
total
216
-
253
-
Employer
767
-
849
-
accident
7
-
8
-
pensions
61
-
68
-
health
23
-
26
-
total
91
-
102
-
Corporate
91
950
-
-
surtax
1
10
-
-
communal
-
64
-
-
income
14
142
-
-
total
15
216
-
-
Dividends
76
733
-
-
income
98
40
-
-
withholding
11
110
-
-
total
109
150
-
-
Income
950
950
950
950
Total tax
431
366
355
398
After tax
519
584
595
552
Living cost
551
551
551
551
Free-cash
-32
33
44
1

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
€370
€335
€268
€248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
175
pensions
-
-
-
190
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
67
surtax
-
-
-
20
total
-
-
-
454
Employee
341
-
785
-
other
-
-
-
-
health
9
-
20
-
surtax
1
-
18
-
income
57
-
163
-
pensions
23
-
52
-
unemployment
24
-
55
-
total
114
-
308
-
Employer
341
-
785
-
other
-
-
-
-
unemployment
11
-
25
-
pensions
46
-
105
-
health
16
-
36
-
total
73
-
166
-
Corporate
537
950
-
-
income
140
247
-
-
total
140
247
-
-
Dividends
397
703
-
-
withholding
60
105
-
-
total
60
105
-
-
Income
950
950
950
950
Total tax
387
352
474
454
After tax
563
598
476
496
Living cost
228
228
228
228
Free-cash
335
370
248
268

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
€227
€203
€216
€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
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
14
national
-
-
-
197
social contributions
-
-
-
244
total
-
-
-
461
Employee
562
-
950
-
social contributions
190
-
320
-
regional
8
-
13
-
municipal
3
-
5
-
national
89
-
168
-
total
290
-
506
-
Employer
562
-
950
-
total
-
-
-
-
Corporate
388
950
-
-
nationa
93
228
-
-
municipal
19
47
-
-
total
112
275
-
-
Dividends
276
675
-
-
withholding
72
175
-
-
total
72
175
-
-
Income
950
950
950
950
Total tax
474
450
506
461
After tax
476
500
444
489
Living cost
273
273
273
273
Free-cash
203
227
171
216

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
€356
€249
€165
€184
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
-
-
-
950
income
-
-
-
82
health
-
-
-
128
solidarity contribution
-
-
-
-
social contributions
-
-
-
277
total
-
-
-
487
Employee
439
-
709
-
social contributions
29
-
46
-
health
59
-
96
-
solidarity contribution
-
-
-
-
income
53
-
85
-
total
141
-
227
-
Employer
439
-
709
-
social contributions
110
-
177
-
health
39
-
64
-
total
149
-
241
-
Corporate
362
950
-
-
income
69
181
-
-
total
69
181
-
-
Dividends
293
769
-
-
withholding
44
115
-
-
total
44
115
-
-
Income
950
950
950
950
Total tax
403
296
468
487
After tax
547
654
482
463
Living cost
298
298
298
298
Free-cash
249
356
184
165

Estimated living cost  is €298 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
€212
€208
€165
-€28
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
-
-
-
950
chamber of commerce
-
-
-
4
income
-
-
-
147
pensions
-
-
-
176
unemployment
-
-
-
62
health
-
-
-
73
surtax
-
-
-
-
total
-
-
-
462
Employee
443
404
738
-
other
4
4
7
-
health
17
16
29
-
income
39
30
133
-
pensions
45
41
76
-
unemployment
13
12
22
-
total
118
103
267
-
Employer
443
404
738
-
accident
6
5
10
-
other
21
19
35
-
chamber of commerce
2
2
3
-
unemployment
13
12
22
-
surtax
-
-
-
-
pensions
56
51
93
-
payroll
13
12
22
-
health
17
15
28
-
total
128
116
213
-
Corporate
380
430
699
-
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.

95
107
175
-
total
95
107
175
-
Dividends
285
322
-
-
withholding
78
89
-
-
total
78
89
-
-
Income
950
950
950
950
Total tax
419
415
655
462
After tax
531
535
295
488
Living cost
323
323
323
323
Free-cash
208
212
-28
165

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
€759
€731
€797
€616
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%.

-
-
-
950
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
180
-
950
-
income
36
-
190
-
total
36
-
190
-
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%.

770
950
-
-
total
-
-
-
-
Dividends
770
950
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
950
950
950
950
Total tax
75
47
190
9
After tax
875
903
760
941
Living cost
144
144
144
144
Free-cash
731
759
616
797

Estimated living cost  is €144 per week

€97
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.
€36
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
€383
€298
€223
€196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
950
income
-
-
-
187
pensions
-
-
-
174
unemployment
-
-
-
1
health
-
-
-
93
total
-
-
-
455
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
-
822
-
health
29
-
53
-
income
77
-
173
-
pensions
69
-
127
-
unemployment
1
-
1
-
total
176
-
354
-
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
-
822
-
unemployment
-
-
-
-
pensions
40
-
73
-
health
30
-
55
-
total
70
-
128
-
Corporate
432
950
-
-
income
82
180
-
-
total
82
180
-
-
Dividends
350
770
-
-
withholding
52
115
-
-
total
52
115
-
-
Income
950
950
950
950
Total tax
380
295
482
455
After tax
570
655
468
495
Living cost
272
272
272
272
Free-cash
298
383
196
223

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
€140
-€562
€219
€379
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
-
-
-
950
income
-
-
-
185
social contributions
-
-
-
108
total
-
-
-
293
Employee
628
-
-
-
social contributions
51
-
7
-
income
138
-
-
-
total
189
-
7
-
Employer
628
-
-
-
social contributions
885
-
126
-
total
885
-
126
-
Corporate
-
950
-
-
income
-
209
-
-
total
-
209
-
-
Dividends
-
741
-
-
income
-
163
-
-
total
-
163
-
-
Income
950
950
950
950
Total tax
1 074
372
133
293
After tax
-124
578
817
657
Living cost
438
438
438
438
Free-cash
-562
140
379
219

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
€222
€212
€216
€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

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.

-
-
-
950
income
-
-
-
86
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
416
Employee
466
-
768
-
social contributions
51
-
84
-
surtax
-
-
-
-
income
97
-
195
-
total
148
-
279
-
Employer
466
-
768
-
social contributions
111
-
182
-
total
111
-
182
-
Corporate
373
950
-
-
surtax
-
-
-
-
income
78
200
-
-
total
78
200
-
-
Dividends
295
750
-
-
withholding
83
210
-
-
total
83
210
-
-
Income
950
950
950
950
Total tax
420
410
461
416
After tax
530
540
489
534
Living cost
318
318
318
318
Free-cash
212
222
171
216

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
-€11
€60
€60
€54
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
income
-
-
-
82
pensions
-
-
-
249
other
-
-
-
29
health
-
-
-
14
surtax
-
-
-
-
social contributions
-
-
-
27
total
-
-
-
401
Employee
635
-
724
-
social contributions
18
-
21
-
surtax
-
-
-
-
income
55
-
78
-
pensions
72
-
82
-
total
145
-
181
-
Employer
635
-
724
-
other
22
-
25
-
social contributions
2
-
2
-
unemployment
26
-
29
-
pensions
104
-
119
-
health
44
-
51
-
total
198
-
226
-
Corporate
117
950
-
-
surtax
-
-
-
-
income
33
266
-
-
total
33
266
-
-
Dividends
84
684
-
-
surtax
-
-
-
-
social contributions
14
118
-
-
withholding
11
88
-
-
total
25
206
-
-
Income
950
950
950
950
Total tax
401
472
407
401
After tax
549
478
543
549
Living cost
489
489
489
489
Free-cash
60
-11
54
60

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
€550
€517
€422
€450
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
-
-
-
950
income
-
-
-
14
social contributions
-
-
-
209
total
-
-
-
223
Employee
326
-
822
-
income
-
-
15
-
social contributions
21
-
53
-
total
21
-
68
-
Employer
326
-
822
-
social contributions
50
-
127
-
total
50
-
127
-
Corporate
574
950
-
-
income
57
95
-
-
total
57
95
-
-
Dividends
516
855
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
128
95
195
223
After tax
822
855
755
727
Living cost
305
305
305
305
Free-cash
517
550
450
422

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
-€1259
-€1259
€105
-€1259
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
-
-
-
950
municipal
-
-
-
173
pensions
-
-
-
9
national
-
-
-
100
labour market
-
-
-
75
total
-
-
-
357
Employee
2 060
2 060
2 060
-
labour market
165
165
165
-
national
252
252
252
-
municipal
439
439
439
-
pensions
3
3
3
-
total
859
859
859
-
Employer
2 060
2 060
2 060
-
labour market
165
165
165
-
municipal
439
439
439
-
pensions
6
6
6
-
national
252
252
252
-
total
862
862
862
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
950
950
950
950
Total tax
1 721
1 721
1 721
357
After tax
-771
-771
-771
593
Living cost
488
488
488
488
Free-cash
-1 259
-1 259
-1 259
105

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
-€141
€44
€433
€269
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
-
-
-
950
accident
-
-
-
3
income
-
-
-
228
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
299
Employee
343
-
806
-
health
39
-
92
-
income
47
-
150
-
pensions
39
-
77
-
total
125
-
319
-
Employer
343
-
806
-
accident
6
-
13
-
unemployment
8
-
20
-
pensions
56
-
111
-
total
70
-
144
-
Corporate
537
950
-
-
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.

483
855
-
-
total
483
855
-
-
Dividends
54
95
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
950
950
950
950
Total tax
688
873
463
299
After tax
262
77
487
651
Living cost
218
218
218
218
Free-cash
44
-141
269
433

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
€247
€220
€293
€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

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

-
-
-
950
municipal
-
-
-
169
health
-
-
-
10
national
-
-
-
89
total
-
-
-
268
Employee
533
-
799
-
health
4
-
8
-
municipal
87
-
131
-
pensions
36
-
54
-
unemployment
8
-
12
-
national
9
-
48
-
total
144
-
253
-
Employer
533
-
799
-
accident
1
-
1
-
unemployment
3
-
5
-
pensions
92
-
139
-
health
4
-
6
-
total
100
-
151
-
Corporate
316
950
-
-
income
63
190
-
-
total
63
190
-
-
Dividends

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

190
570
-
-
national
-
21
-
-
municipal
34
103
-
-
total
34
124
-
-
Income
950
950
950
950
Total tax
341
314
404
268
After tax
609
636
546
682
Living cost
389
389
389
389
Free-cash
220
247
157
293

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
€461
€406
€448
€445
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
-
-
-
950
income
-
-
-
95
health
-
-
-
24
social contributions
-
-
-
148
total
-
-
-
267
Employee
779
779
862
-
social contributions
29
65
72
-
health
6
13
15
-
income
85
72
95
-
total
120
150
182
-
Employer
779
779
862
-
social contributions
29
65
72
-
health
7
14
16
-
total
36
79
88
-
Corporate
559
92
-
-
income
70
11
-
-
total
70
11
-
-
Dividends
489
80
-
-
withholding
83
14
-
-
total
83
14
-
-
Income
950
950
950
950
Total tax
309
254
270
267
After tax
641
696
680
683
Living cost
235
235
235
235
Free-cash
406
461
445
448

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
€625
€574
€598
€427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
950
income
-
-
-
90
pensions
-
-
-
64
unemployment
-
-
-
-
health
-
-
-
37
total
-
-
-
191
Employee

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

233
-
861
-
health
20
-
73
-
income
16
-
68
-
pensions
35
-
129
-
unemployment
1
-
4
-
total
72
-
274
-
Employer

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

233
-
861
-
unemployment
1
-
4
-
pensions
13
-
47
-
health
10
-
37
-
total
24
-
88
-
Corporate
693
950
-
-
income
62
86
-
-
total
62
86
-
-
Dividends
631
864
-
-
withholding
57
78
-
-
total
57
78
-
-
Income
950
950
950
950
Total tax
215
164
362
191
After tax
735
786
588
759
Living cost
161
161
161
161
Free-cash
574
625
427
598

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
€362
€309
€224
€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
-
-
-
950
accident
-
-
-
8
income
-
-
-
165
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
447
Employee
375
-
720
-
other
-
-
1
-
income
72
-
167
-
pensions
18
-
34
-
unemployment
6
-
11
-
total
96
-
213
-
Employer
375
-
720
-
accident
7
-
14
-
other
3
-
6
-
unemployment
21
-
40
-
pensions
88
-
170
-
total
119
-
230
-
Corporate
456
950
-
-
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.

68
142
-
-
total
68
142
-
-
Dividends
387
808
-
-
withholding
79
167
-
-
total
79
167
-
-
Income
950
950
950
950
Total tax
362
309
443
447
After tax
588
641
507
503
Living cost
279
279
279
279
Free-cash
309
362
228
224

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
€565
€560
€573
€571
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
-
-
-
950
income
-
-
-
314
pensions
-
-
-
20
health
-
-
-
15
total
-
-
-
349
Employee
42
-
927
-
health
2
-
5
-
income
8
-
313
-
pensions
4
-
9
-
unemployment
-
-
1
-
total
14
-
328
-
Employer
42
-
927
-
unemployment
1
-
2
-
pensions
5
-
11
-
health
4
-
10
-
total
10
-
23
-
Corporate
898
950
-
-
income
198
209
-
-
total
198
209
-
-
Dividends
701
741
-
-
withholding
140
148
-
-
total
140
148
-
-
Income
950
950
950
950
Total tax
362
357
351
349
After tax
588
593
599
601
Living cost
28
28
28
28
Free-cash
560
565
571
573

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
€511
€461
€320
€318
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.

-
-
-
950
income
-
-
-
172
pensions
-
-
-
195
unemployment
-
-
-
11
health
-
-
-
77
total
-
-
-
455
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
-
816
-
health
14
-
39
-
income
36
-
172
-
pensions
37
-
105
-
unemployment
2
-
6
-
total
89
-
322
-
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
-
816
-
unemployment
2
-
6
-
pensions
32
-
90
-
health
14
-
39
-
total
48
-
135
-
Corporate
639
950
-
-
income
96
143
-
-
total
96
143
-
-
Dividends
543
807
-
-
withholding
81
121
-
-
total
81
121
-
-
Income
950
950
950
950
Total tax
314
264
457
455
After tax
636
686
493
495
Living cost
175
175
175
175
Free-cash
461
511
318
320

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
€267
€265
€261
€216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
950
income
-
-
-
86
surtax
-
-
-
-
social contributions

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

-
-
-
330
total
-
-
-
416
Employee
393
-
768
-
social contributions
43
-
84
-
surtax
-
-
-
-
income
77
-
195
-
total
120
-
279
-
Employer
393
-
768
-
social contributions
93
-
182
-
total
93
-
182
-
Corporate
463
950
-
-
surtax
-
-
-
-
income
97
200
-
-
total
97
200
-
-
Dividends
366
750
-
-
withholding
102
210
-
-
total
102
210
-
-
Income
950
950
950
950
Total tax
412
410
461
416
After tax
538
540
489
534
Living cost
273
273
273
273
Free-cash
265
267
216
261

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
€285
€206
€147
€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
-
-
-
950
accident
-
-
-
8
income
-
-
-
165
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
447
Employee
489
-
720
-
other
-
-
1
-
income
102
-
167
-
pensions
23
-
34
-
unemployment
8
-
11
-
total
133
-
213
-
Employer
489
-
720
-
accident
10
-
14
-
other
4
-
6
-
unemployment
27
-
40
-
pensions
116
-
170
-
total
157
-
230
-
Corporate
305
950
-
-
income

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

46
142
-
-
total
46
142
-
-
Dividends
259
808
-
-
withholding
52
167
-
-
total
52
167
-
-
Income
950
950
950
950
Total tax
388
309
443
447
After tax
562
641
507
503
Living cost
356
356
356
356
Free-cash
206
285
151
147

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
€638
€577
€540
€568
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
-
-
-
950
income
-
-
-
142
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
-
-
-
236
Employee
231
-
881
-
health
11
-
16
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
23
-
88
-
pensions

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

20
-
31
-
total
57
-
139
-
Employer
231
-
881
-
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
674
950
-
-
income
67
95
-
-
total
67
95
-
-
Dividends
606
855
-
-
withholding
30
43
-
-
total
30
43
-
-
Income
950
950
950
950
Total tax
199
138
208
236
After tax
751
812
742
714
Living cost
174
174
174
174
Free-cash
577
638
568
540

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
€100
€233
€224
€293
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.

-
-
-
950
trade
-
-
-
69
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
187
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.

-
-
-
10
total
-
-
-
335
Employee

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

504
-
950
-
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
-
10
-
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
-
187
-
total
112
-
266
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
446
950
-
-
surtax

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

4
8
-
-
income
67
142
-
-
trade
64
136
-
-
chamber of commerce
2
3
-
-
total
137
289
-
-
Dividends
309
660
-
-
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
-
-
withholding
73
161
-
-
total
77
170
-
-
Income
950
950
950
950
Total tax
326
459
266
335
After tax
624
491
684
615
Living cost
391
391
391
391
Free-cash
233
100
293
224

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
€88
€109
€78
€78
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
-
-
-
950
income
-
-
-
212
social contributions
-
-
-
83
total
-
-
-
295
Employee
793
-
950
-
income
150
-
212
-
social contributions
66
-
83
-
total
216
-
295
-
Employer
793
-
950
-
total
-
-
-
-
Corporate
157
950
-
-
income
20
119
-
-
total
20
119
-
-
Dividends
138
831
-
-
withholding
28
166
-
-
total
28
166
-
-
Income
950
950
950
950
Total tax
264
285
295
295
After tax
686
665
655
655
Living cost
577
577
577
577
Free-cash
109
88
78
78

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
€196
€242
€226
€328
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.

-
-
-
950
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
-
903
-
income
50
-
160
-
social contributions
47
-
47
-
total
97
-
207
-
Employer
465
-
903
-
social contributions
47
-
47
-
total
47
-
47
-
Corporate
439
950
-
-
income
153
332
-
-
total
153
332
-
-
Dividends
285
618
-
-
social contributions
43
54
-
-
total
43
54
-
-
Income
950
950
950
950
Total tax
340
386
254
356
After tax
610
564
696
594
Living cost
368
368
368
368
Free-cash
242
196
328
226

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
€333
€274
€319
€219
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
-
-
-
950
income
-
-
-
184
pensions
-
-
-
68
total
-
-
-
252
Employee
520
-
838
-
health
7
-
13
-
income
95
-
149
-
pensions
40
-
78
-
total
142
-
240
-
Employer
520
-
838
-
pensions
53
-
96
-
health
10
-
16
-
total
63
-
112
-
Corporate
368
950
-
-
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.

70
180
-
-
total
70
180
-
-
Dividends
298
770
-
-
withholding
22
58
-
-
total
22
58
-
-
Income
950
950
950
950
Total tax
297
238
352
252
After tax
653
712
598
698
Living cost
379
379
379
379
Free-cash
274
333
219
319

Estimated living cost  is €379 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-€163
€41
€411
€247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
accident
-
-
-
3
income
-
-
-
228
pensions
-
-
-
42
other
-
-
-
4
health
-
-
-
22
total
-
-
-
299
Employee
377
-
806
-
health
43
-
92
-
income
52
-
150
-
pensions
42
-
77
-
total
137
-
319
-
Employer
377
-
806
-
accident
6
-
13
-
unemployment
9
-
20
-
pensions
61
-
111
-
total
76
-
144
-
Corporate
496
950
-
-
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.

447
855
-
-
total
447
855
-
-
Dividends
50
95
-
-
withholding
9
18
-
-
total
9
18
-
-
Income
950
950
950
950
Total tax
669
873
463
299
After tax
281
77
487
651
Living cost
240
240
240
240
Free-cash
41
-163
247
411

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
€663
€621
€408
€446
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.

-
-
-
950
work injury
-
-
-
5
health insurance
-
-
-
70
income
-
-
-
144
pensions
-
-
-
175
unemployment
-
-
-
11
total
-
-
-
405
Employee

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

219
-
950
-
work injury
1
-
4
-
income
22
-
144
-
pensions
40
-
149
-
health insurance
16
-
60
-
unemployment
3
-
10
-
total
82
-
367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
731
950
-
-
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%.

-
9
-
-
total
-
9
-
-
Dividends
731
941
-
-
withholding
110
141
-
-
total
110
141
-
-
Income
950
950
950
950
Total tax
192
150
367
405
After tax
758
800
583
545
Living cost
137
137
137
137
Free-cash
621
663
446
408

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
€96
€50
€81
€37
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
950
municipal
-
-
-
6
regional
-
-
-
18
national
-
-
-
197
social contributions
-
-
-
244
total
-
-
-
465
Employee
854
-
950
-
social contributions
288
-
320
-
regional
13
-
15
-
municipal
5
-
6
-
national
144
-
168
-
total
450
-
509
-
Employer
854
-
950
-
total
-
-
-
-
Corporate
96
950
-
-
nationa
23
228
-
-
municipal
5
46
-
-
total
28
274
-
-
Dividends
68
676
-
-
withholding
18
176
-
-
total
18
176
-
-
Income
950
950
950
950
Total tax
496
450
509
465
After tax
454
500
441
485
Living cost
404
404
404
404
Free-cash
50
96
37
81

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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