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
£ 1000
per

Your estimated
City
free-cash

Valencia , Spain
£272
£296
£426
£378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
204
accident
-
-
-
8
unemployment
-
-
-
6
pensions
-
-
-
237
other
-
-
-
1
total
-
-
-
456
Employee
333
-
758
-
other
-
-
1
-
income
64
-
189
-
unemployment
5
-
12
-
pensions
16
-
36
-
total
85
-
238
-
Employer
333
-
758
-
unemployment
18
-
42
-
pensions
79
-
179
-
other
3
-
6
-
accident
7
-
15
-
total
107
-
242
-
Corporate
560
1 000
-
-
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.

84
150
-
-
total
84
150
-
-
Dividends
476
850
-
-
withholding
98
176
-
-
total
98
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
374
326
480
456
After tax
626
674
520
544
Living cost
248
248
248
248
Free-cash
378
426
272
296

Estimated living cost  is £248 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
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.
£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
Bratislava , Slovakia
£341
£300
£495
£433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
129
health
-
-
-
44
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.

-
-
-
240
other
-
-
-
47
total
-
-
-
460
Employee
327
-
799
-
income
56
-
143
-
health
5
-
11
-
unemployment
3
-
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.

23
-
56
-
total
87
-
218
-
Employer
327
-
799
-
unemployment
3
-
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.

56
-
136
-
other
16
-
40
-
accident
3
-
6
-
health
5
-
11
-
total
83
-
201
-
Corporate
590
1 000
-
-
income
124
210
-
-
total
124
210
-
-
Dividends
466
790
-
-
withholding
33
55
-
-
total
33
55
-
-
Income
1 000
1 000
1 000
1 000
Total tax
327
265
419
460
After tax
673
735
581
540
Living cost
240
240
240
240
Free-cash
433
495
341
300

Estimated living cost  is £240 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Varna , Bulgaria
£681
£648
£737
£694
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
150
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
47
total
-
-
-
234
Employee
156
-
938
-
income
16
-
94
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
28
-
total
39
-
139
-
Employer
156
-
938
-
unemployment
1
-
2
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
62
-
Corporate
813
1 000
-
-
income
81
100
-
-
total
81
100
-
-
Dividends
732
900
-
-
withholding
37
45
-
-
total
37
45
-
-
Income
1 000
1 000
1 000
1 000
Total tax
188
145
201
234
After tax
812
855
799
766
Living cost
118
118
118
118
Free-cash
694
737
681
648

Estimated living cost  is £118 per week

£69
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.
£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
Nice , France
£305
£265
£195
£249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
109
social contributions
-
-
-
28
health
-
-
-
24
surtax
-
-
-
-
pensions
-
-
-
234
other
-
-
-
31
total
-
-
-
426
Employee
386
-
806
-
income
23
-
127
-
social contributions
11
-
23
-
surtax
-
-
-
-
pensions
44
-
42
-
total
78
-
192
-
Employer
386
-
806
-
unemployment
16
-
33
-
social contributions
1
-
2
-
pensions
63
-
73
-
other
13
-
28
-
health
27
-
58
-
total
120
-
194
-
Corporate
493
1 000
-
-
income
138
280
-
-
surtax
-
-
-
-
total
138
280
-
-
Dividends
355
720
-
-
withholding
45
92
-
-
surtax
-
-
-
-
social contributions
61
124
-
-
total
106
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
442
496
386
426
After tax
558
504
614
574
Living cost
309
309
309
309
Free-cash
249
195
305
265

Estimated living cost  is £309 per week

£195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£136
£191
£107
£51
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
214
health
-
-
-
111
pensions
-
-
-
106
total
-
-
-
431
Employee
770
770
851
-
income

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

126
126
126
-
health
118
101
105
-
pensions
139
106
106
-
total
383
333
337
-
Employer
770
770
851
-
unemployment
28
28
31
-
pensions
54
54
59
-
health
54
54
59
-
total
136
136
149
-
Corporate
104
95
-
-
income
21
19
-
-
total
21
19
-
-
Dividends
83
76
-
-
withholding
13
11
-
-
income
18
16
-
-
total
31
27
-
-
Income
1 000
1 000
1 000
1 000
Total tax
571
515
486
431
After tax
429
485
514
569
Living cost
378
378
378
378
Free-cash
51
107
136
191

Estimated living cost  is £378 per week

£268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Dresden , Germany
£425
£334
£232
£332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
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.

-
-
-
227
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.

-
-
-
62
trade
-
-
-
91
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.

-
-
-
13
total
-
-
-
393
Employee

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

345
-
1 000
-
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.

10
-
227
-
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.

62
-
62
-
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
-
13
-
total
73
-
302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
655
1 000
-
-
chamber of commerce
2
3
-
-
income
98
150
-
-
surtax

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

5
8
-
-
trade
103
158
-
-
total
208
319
-
-
Dividends
446
681
-
-
withholding
108
167
-
-
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.

6
9
-
-
total
114
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
395
495
302
393
After tax
605
505
698
607
Living cost
273
273
273
273
Free-cash
332
232
425
334

Estimated living cost  is £273 per week

£172
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.
£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.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Larnaca , Cyprus
£487
£493
£521
£473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
126
social contributions
-
-
-
146
health
-
-
-
26
total
-
-
-
298
Employee
694
694
908
-
income
76
64
122
-
social contributions
26
58
75
-
health
5
12
15
-
total
107
134
212
-
Employer
694
694
908
-
social contributions
26
58
75
-
health
6
13
17
-
total
32
71
92
-
Corporate
652
236
-
-
income
82
30
-
-
total
82
30
-
-
Dividends
570
207
-
-
withholding
97
35
-
-
total
97
35
-
-
Income
1 000
1 000
1 000
1 000
Total tax
318
270
304
298
After tax
682
730
696
702
Living cost
209
209
209
209
Free-cash
473
521
487
493

Estimated living cost  is £209 per week

£125
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.
£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
Lisbon , Portugal
£214
£271
£286
£276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
98
social contributions

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

-
-
-
348
surtax
-
-
-
-
total
-
-
-
446
Employee
415
-
808
-
income
86
-
222
-
social contributions
46
-
89
-
surtax
-
-
-
-
total
132
-
311
-
Employer
415
-
808
-
social contributions
99
-
192
-
total
99
-
192
-
Corporate
487
1 000
-
-
income
102
210
-
-
surtax
-
-
-
-
total
102
210
-
-
Dividends
384
790
-
-
withholding
108
221
-
-
total
108
221
-
-
Income
1 000
1 000
1 000
1 000
Total tax
441
431
503
446
After tax
559
569
497
554
Living cost
283
283
283
283
Free-cash
276
286
214
271

Estimated living cost  is £283 per week

£212
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Batumi , Georgia
£736
£926
£886
£874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
80
-
1 000
-
income
16
-
200
-
total
16
-
200
-
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%.

920
1 000
-
-
total
-
-
-
-
Dividends
920
1 000
-
-
withholding
46
50
-
-
total
46
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
62
50
200
10
After tax
938
950
800
990
Living cost
64
64
64
64
Free-cash
874
886
736
926

Estimated living cost  is £64 per week

£40
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£17
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Ljubljana , Slovenia
£241
£271
£446
£370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 000
income
-
-
-
204
health
-
-
-
98
unemployment
-
-
-
2
pensions
-
-
-
183
total
-
-
-
487
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.

399
-
865
-
income
69
-
190
-
health
26
-
56
-
unemployment
1
-
1
-
pensions
62
-
134
-
total
158
-
381
-
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.

399
-
865
-
unemployment
-
-
1
-
pensions
35
-
77
-
health
27
-
58
-
total
62
-
136
-
Corporate
539
1 000
-
-
income
102
190
-
-
total
102
190
-
-
Dividends
437
810
-
-
withholding
66
122
-
-
total
66
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
388
312
517
487
After tax
612
688
483
513
Living cost
242
242
242
242
Free-cash
370
446
241
271

Estimated living cost  is £242 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
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
Sliema , Malta
£410
£358
£275
£307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
257
health

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

-
-
-
58
total
-
-
-
315
Employee
414
-
959
-
social contributions
41
-
41
-
income
45
-
181
-
total
86
-
222
-
Employer
414
-
959
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
545
1 000
-
-
income
191
350
-
-
total
191
350
-
-
Dividends
354
650
-
-
social contributions
48
48
-
-
total
48
48
-
-
Income
1 000
1 000
1 000
1 000
Total tax
366
398
263
315
After tax
634
602
737
685
Living cost
327
327
327
327
Free-cash
307
275
410
358

Estimated living cost  is £327 per week

£216
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Vilnius , Lithuania
£448
£451
£419
£424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
150
social contributions
-
-
-
138
health
-
-
-
70
total
-
-
-
358
Employee
306
-
1 000
-
income
51
-
153
-
social contributions
42
-
138
-
health
21
-
70
-
total
114
-
361
-
Employer
306
-
1 000
-
total
-
-
-
-
Corporate
694
1 000
-
-
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%.

35
50
-
-
total
35
50
-
-
Dividends
659
950
-
-
withholding
99
143
-
-
health
46
66
-
-
social contributions
91
131
-
-
total
236
340
-
-
Income
1 000
1 000
1 000
1 000
Total tax
385
390
361
358
After tax
615
610
639
642
Living cost
191
191
191
191
Free-cash
424
419
448
451

Estimated living cost  is £191 per week

£128
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.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Prague , Czech Republic
£261
£247
£443
£357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
87
social contributions
-
-
-
286
solidarity contribution
-
-
-
-
health
-
-
-
135
total
-
-
-
508
Employee
361
-
746
-
solidarity contribution
-
-
-
-
income
43
-
90
-
social contributions
23
-
49
-
health
49
-
101
-
total
115
-
240
-
Employer
361
-
746
-
social contributions
90
-
187
-
health
32
-
67
-
total
122
-
254
-
Corporate
517
1 000
-
-
income
98
190
-
-
total
98
190
-
-
Dividends
418
810
-
-
withholding
63
122
-
-
total
63
122
-
-
Income
1 000
1 000
1 000
1 000
Total tax
398
312
494
508
After tax
602
688
506
492
Living cost
245
245
245
245
Free-cash
357
443
261
247

Estimated living cost  is £245 per week

£182
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.
£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
Tbilisi , Georgia
£700
£890
£850
£831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
1 000
microenterprise

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

-
-
-
10
total
-
-
-
10
Employee
125
-
1 000
-
income
25
-
200
-
total
25
-
200
-
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%.

875
1 000
-
-
total
-
-
-
-
Dividends
875
1 000
-
-
withholding
44
50
-
-
total
44
50
-
-
Income
1 000
1 000
1 000
1 000
Total tax
69
50
200
10
After tax
931
950
800
990
Living cost
100
100
100
100
Free-cash
831
850
700
890

Estimated living cost  is £100 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
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.

Paris , France
£178
£138
£68
£130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
109
social contributions
-
-
-
28
health
-
-
-
24
surtax
-
-
-
-
pensions
-
-
-
234
other
-
-
-
31
total
-
-
-
426
Employee
565
-
806
-
income
49
-
127
-
social contributions
16
-
23
-
surtax
-
-
-
-
pensions
64
-
42
-
total
129
-
192
-
Employer
565
-
806
-
unemployment
23
-
33
-
social contributions
2
-
2
-
pensions
93
-
73
-
other
19
-
28
-
health
40
-
58
-
total
177
-
194
-
Corporate
259
1 000
-
-
income
72
280
-
-
surtax
-
-
-
-
total
72
280
-
-
Dividends
186
720
-
-
withholding
24
92
-
-
surtax
-
-
-
-
social contributions
32
124
-
-
total
56
216
-
-
Income
1 000
1 000
1 000
1 000
Total tax
434
496
386
426
After tax
566
504
614
574
Living cost
436
436
436
436
Free-cash
130
68
178
138

Estimated living cost  is £436 per week

£295
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.
£99
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Belgrade , Serbia
£386
£386
£567
£522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
income
-
-
-
207
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
173
total
-
-
-
458
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.

235
-
881
-
income
32
-
207
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
93
-
total
79
-
339
-
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.

235
-
881
-
unemployment
2
-
5
-
pensions
28
-
80
-
health
12
-
34
-
total
42
-
119
-
Corporate
723
1 000
-
-
income
109
150
-
-
total
109
150
-
-
Dividends
615
850
-
-
withholding
92
127
-
-
total
92
127
-
-
Income
1 000
1 000
1 000
1 000
Total tax
322
277
458
458
After tax
678
723
542
542
Living cost
156
156
156
156
Free-cash
522
567
386
386

Estimated living cost  is £156 per week

£105
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Zurich , Switzerland
£147
£197
-£173
£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
regional
-
-
-
39
national
-
-
-
9
health
-
-
-
2
city
-
-
-
11
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.

-
-
-
20
pensions
-
-
-
92
total
-
-
-
173
Employee
737
-
895
-
regional
24
-
34
-
city
8
-
10
-
health
2
-
2
-
unemployment
-
-
-
-
national
3
-
7
-
pensions
62
-
75
-
total
99
-
128
-
Employer
737
-
895
-
unemployment
-
-
-
-
pensions
62
-
75
-
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.

15
-
18
-
health
2
-
2
-
total
79
-
95
-
Corporate
176
1 000
-
-
regional
37
212
-
-
national
15
85
-
-
total
52
297
-
-
Dividends
124
703
-
-
withholding
43
246
-
-
total
43
246
-
-
Income
1 000
1 000
1 000
1 000
Total tax
273
543
223
173
After tax
727
457
777
827
Living cost
630
630
630
630
Free-cash
97
-173
147
197

Estimated living cost  is £630 per week

£410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£57
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.
£156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
£217
£353
£311
£302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 000
municipal
-
-
-
178
national
-
-
-
111
health
-
-
-
12
total
-
-
-
301
Employee
475
-
841
-
health
4
-
9
-
unemployment
7
-
13
-
national
8
-
63
-
municipal
78
-
137
-
pensions
32
-
57
-
total
129
-
279
-
Employer
475
-
841
-
unemployment
3
-
5
-
pensions
82
-
146
-
accident
-
-
1
-
health
4
-
6
-
total
89
-
158
-
Corporate
436
1 000
-
-
income
87
200
-
-
total
87
200
-
-
Dividends

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

262
600
-
-
national
-
35
-
-
municipal
47
108
-
-
total
47
143
-
-
Income
1 000
1 000
1 000
1 000
Total tax
352
343
437
301
After tax
648
657
563
699
Living cost
346
346
346
346
Free-cash
302
311
217
353

Estimated living cost  is £346 per week

£226
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Brussels , Belgium
£55
£129
£231
£97
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
national
-
-
-
331
social contributions
-
-
-
161
communal

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

-
-
-
50
total
-
-
-
542
Employee

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

645
-
775
-
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.

30
-
36
-
communal

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

34
-
40
-
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
-
7
-
national
198
-
249
-
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.

48
-
58
-
total
316
-
390
-
Employer

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

645
-
775
-
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.

9
-
11
-
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.

57
-
69
-
surtax
73
-
88
-
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.

8
-
10
-
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.

40
-
48
-
total
187
-
226
-
Corporate
167
1 000
-
-
income
33
200
-
-
surtax
1
4
-
-
total
34
204
-
-
Dividends
133
796
-
-
withholding

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

37
236
-
-
total
37
236
-
-
Income
1 000
1 000
1 000
1 000
Total tax
574
440
616
542
After tax
426
560
384
458
Living cost
329
329
329
329
Free-cash
97
231
55
129

Estimated living cost  is £329 per week

£212
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.
£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.
£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
Stockholm , Sweden
£167
£170
£180
£172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
229
national
-
-
-
2
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
87
other
-
-
-
93
total
-
-
-
464
Employee
522
-
761
-
national
-
-
1
-
municipal
156
-
227
-
total
156
-
228
-
Employer
522
-
761
-
unemployment
14
-
20
-
pensions
56
-
82
-
other
61
-
88
-
accident
1
-
2
-
health
32
-
47
-
total
164
-
239
-
Corporate
314
1 000
-
-
income
69
220
-
-
total
69
220
-
-
Dividends
245
780
-
-
withholding
73
234
-
-
total
73
234
-
-
Income
1 000
1 000
1 000
1 000
Total tax
462
454
467
464
After tax
538
546
533
536
Living cost
366
366
366
366
Free-cash
172
180
167
170

Estimated living cost  is £366 per week

£243
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.
£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
Oslo , Norway
£488
£299
£216
-£355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
195
social contributions
-
-
-
114
total
-
-
-
309
Employee
562
-
-
-
income
124
-
-
-
social contributions
46
-
7
-
total
170
-
7
-
Employer
562
-
-
-
social contributions
793
-
113
-
total
793
-
113
-
Corporate
-
1 000
-
-
income
-
220
-
-
total
-
220
-
-
Dividends
-
780
-
-
income
-
172
-
-
total
-
172
-
-
Income
1 000
1 000
1 000
1 000
Total tax
963
392
120
309
After tax
37
608
880
691
Living cost
392
392
392
392
Free-cash
-355
216
488
299

Estimated living cost  is £392 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.
£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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
Limassol , Cyprus
£403
£409
£437
£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
-
-
-
1 000
income
-
-
-
126
social contributions
-
-
-
146
health
-
-
-
26
total
-
-
-
298
Employee
694
694
908
-
income
73
64
122
-
social contributions
34
58
75
-
health
7
12
15
-
total
114
134
212
-
Employer
694
694
908
-
social contributions
34
58
75
-
health
8
13
17
-
total
42
71
92
-
Corporate
553
236
-
-
income
69
30
-
-
total
69
30
-
-
Dividends
484
207
-
-
withholding
82
35
-
-
total
82
35
-
-
Income
1 000
1 000
1 000
1 000
Total tax
307
270
304
298
After tax
693
730
696
702
Living cost
293
293
293
293
Free-cash
400
437
403
409

Estimated living cost  is £293 per week

£200
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.
£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
Edinburgh , United Kingdom
£286
£379
£389
£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
-
-
-
1 000
income
-
-
-
229
pensions
-
-
-
68
total
-
-
-
297
Employee
445
-
879
-
income
81
-
167
-
health
6
-
15
-
pensions
34
-
86
-
total
121
-
268
-
Employer
445
-
879
-
pensions
45
-
105
-
health
8
-
17
-
total
53
-
122
-
Corporate
501
1 000
-
-
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.

95
190
-
-
total
95
190
-
-
Dividends
406
810
-
-
withholding
30
97
-
-
total
30
97
-
-
Income
1 000
1 000
1 000
1 000
Total tax
299
287
390
297
After tax
701
713
610
703
Living cost
324
324
324
324
Free-cash
377
389
286
379

Estimated living cost  is £324 per week

£222
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.
£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.
£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

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.

Rome , Italy
£91
£137
£168
£127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
municipal
-
-
-
7
regional
-
-
-
21
national
-
-
-
219
social contributions
-
-
-
257
total
-
-
-
504
Employee
760
-
1 000
-
regional
11
-
18
-
social contributions
256
-
337
-
national
128
-
189
-
municipal
5
-
6
-
total
400
-
550
-
Employer
760
-
1 000
-
total
-
-
-
-
Corporate
240
1 000
-
-
nationa
58
240
-
-
municipal
12
48
-
-
total
70
288
-
-
Dividends
171
712
-
-
withholding
44
185
-
-
total
44
185
-
-
Income
1 000
1 000
1 000
1 000
Total tax
514
473
550
504
After tax
486
527
450
496
Living cost
359
359
359
359
Free-cash
127
168
91
137

Estimated living cost  is £359 per week

£252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
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 Source
Gdansk , Poland
£337
£497
-£107
£52
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
255
health
-
-
-
19
accident
-
-
-
2
pensions
-
-
-
36
other
-
-
-
3
total
-
-
-
315
Employee
296
-
870
-
income
41
-
180
-
health
34
-
100
-
pensions
33
-
65
-
total
108
-
345
-
Employer
296
-
870
-
unemployment
7
-
21
-
pensions
48
-
94
-
accident
5
-
15
-
total
60
-
130
-
Corporate
644
1 000
-
-
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.

580
900
-
-
total
580
900
-
-
Dividends
64
100
-
-
withholding
12
19
-
-
total
12
19
-
-
Income
1 000
1 000
1 000
1 000
Total tax
760
919
475
315
After tax
240
81
525
685
Living cost
188
188
188
188
Free-cash
52
-107
337
497

Estimated living cost  is £188 per week

£138
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.
£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

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.

Berlin , Germany
£350
£267
£169
£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

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

-
-
-
1 000
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.

-
-
-
227
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.

-
-
-
62
trade
-
-
-
83
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.

-
-
-
13
total
-
-
-
385
Employee

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

449
-
1 000
-
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.

37
-
227
-
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.

62
-
62
-
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
-
13
-
total
101
-
302
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
551
1 000
-
-
chamber of commerce
2
3
-
-
income
83
150
-
-
surtax

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

5
8
-
-
trade
79
143
-
-
total
169
304
-
-
Dividends
383
695
-
-
withholding
92
170
-
-
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
-
-
total
97
179
-
-
Income
1 000
1 000
1 000
1 000
Total tax
367
483
302
385
After tax
633
517
698
615
Living cost
348
348
348
348
Free-cash
285
169
350
267

Estimated living cost  is £348 per week

£240
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.
£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

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.

Riga , Latvia
£374
£344
£612
£538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
1 000
microenterprise
-
-
-
-
income
-
-
-
146
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.

-
-
-
322
surtax
-
-
-
-
total
-
-
-
468
Employee
264
-
806
-
income
47
-
155
-
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.

29
-
89
-
surtax
-
-
-
-
total
76
-
244
-
Employer
264
-
806
-
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.

63
-
194
-
surtax
-
-
-
-
total
63
-
194
-
Corporate
673
1 000
-
-
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%.

135
200
-
-
total
135
200
-
-
Dividends

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

538
800
-
-
total
-
-
-
-
Income
1 000
1 000
1 000
1 000
Total tax
274
200
438
468
After tax
726
800
562
532
Living cost
188
188
188
188
Free-cash
538
612
374
344

Estimated living cost  is £188 per week

£120
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.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£454
£462
£506
£486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
271
health
-
-
-
63
pensions
-
-
-
86
total
-
-
-
420
Employee
180
-
903
-
income
35
-
266
-
health
9
-
22
-
unemployment
2
-
4
-
pensions
16
-
39
-
total
62
-
331
-
Employer
180
-
903
-
unemployment
4
-
9
-
pensions
20
-
47
-
health
17
-
41
-
total
41
-
97
-
Corporate
779
1 000
-
-
income
171
220
-
-
total
171
220
-
-
Dividends
608
780
-
-
withholding
122
156
-
-
total
122
156
-
-
Income
1 000
1 000
1 000
1 000
Total tax
396
376
428
420
After tax
604
624
572
580
Living cost
118
118
118
118
Free-cash
486
506
454
462

Estimated living cost  is £118 per week

£70
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.
£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.
£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
Athens , Greece
£282
£298
£426
£398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
200
health
-
-
-
71
unemployment
-
-
-
2
surtax
-
-
-
26
pensions
-
-
-
200
other
-
-
-
-
total
-
-
-
499
Employee
304
-
826
-
other
-
-
-
-
income
51
-
185
-
health
8
-
21
-
unemployment
21
-
57
-
surtax
1
-
23
-
pensions
20
-
55
-
total
101
-
341
-
Employer
304
-
826
-
unemployment
10
-
26
-
pensions
40
-
110
-
other
-
-
-
-
health
14
-
38
-
total
64
-
174
-
Corporate
632
1 000
-
-
income
164
260
-
-
total
164
260
-
-
Dividends
468
740
-
-
withholding
70
111
-
-
total
70
111
-
-
Income
1 000
1 000
1 000
1 000
Total tax
399
371
515
499
After tax
601
629
485
501
Living cost
203
203
203
203
Free-cash
398
426
282
298

Estimated living cost  is £203 per week

£122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£4
£212
£270
£267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 000
income
-
-
-
179
chamber of commerce
-
-
-
4
health
-
-
-
77
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
185
total
-
-
-
500
Employee
394
359
777
-
other
4
4
8
-
income
35
27
159
-
health
15
14
30
-
unemployment
12
11
23
-
pensions
40
37
80
-
total
106
93
300
-
Employer
394
359
777
-
unemployment
12
11
23
-
chamber of commerce
2
1
3
-
pensions
49
45
97
-
payroll
12
11
23
-
other
19
17
37
-