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
£ 1050
per

Your estimated
City
free-cash

Valencia , Spain
£297
£332
£460
£414
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
-
-
-
1 050
income
-
-
-
223
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
235
other
-
-
-
1
total
-
-
-
472
Employee
331
-
796
-
other
-
-
1
-
income
64
-
203
-
unemployment
5
-
12
-
pensions
16
-
37
-
total
85
-
253
-
Employer
331
-
796
-
unemployment
18
-
44
-
pensions
78
-
188
-
other
3
-
6
-
accident
7
-
16
-
total
106
-
254
-
Corporate
613
1 050
-
-
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.

92
158
-
-
total
92
158
-
-
Dividends
521
892
-
-
withholding
107
186
-
-
total
107
186
-
-
Income
1 050
1 050
1 050
1 050
Total tax
390
344
507
472
After tax
660
706
543
578
Living cost
246
246
246
246
Free-cash
414
460
297
332

Estimated living cost  is £246 per week

£166
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
£368
£325
£533
£471
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
-
-
-
1 050
income
-
-
-
138
health
-
-
-
46
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.

-
-
-
252
other
-
-
-
50
total
-
-
-
486
Employee
325
-
839
-
income
56
-
152
-
health
5
-
12
-
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
-
59
-
total
87
-
231
-
Employer
325
-
839
-
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.

55
-
143
-
other
16
-
42
-
accident
3
-
7
-
health
5
-
12
-
total
82
-
212
-
Corporate
643
1 050
-
-
income
135
220
-
-
total
135
220
-
-
Dividends
508
830
-
-
withholding
36
58
-
-
total
36
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
340
278
443
486
After tax
710
772
607
564
Living cost
239
239
239
239
Free-cash
471
533
368
325

Estimated living cost  is £239 per week

£169
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
£729
£693
£781
£738
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
-
-
-
1 050
income
-
-
-
157
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
240
Employee
155
-
989
-
income
16
-
99
-
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
-
27
-
total
39
-
143
-
Employer
155
-
989
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
22
-
total
31
-
61
-
Corporate
864
1 050
-
-
income
86
105
-
-
total
86
105
-
-
Dividends
778
945
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
195
152
204
240
After tax
855
898
846
810
Living cost
117
117
117
117
Free-cash
738
781
729
693

Estimated living cost  is £117 per week

£68
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.
£37
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
£329
£292
£222
£275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
122
social contributions
-
-
-
30
health
-
-
-
28
surtax
-
-
-
-
pensions
-
-
-
238
other
-
-
-
33
total
-
-
-
451
Employee
383
-
842
-
income
23
-
136
-
social contributions
11
-
24
-
surtax
-
-
-
-
pensions
43
-
46
-
total
77
-
206
-
Employer
383
-
842
-
unemployment
16
-
34
-
social contributions
1
-
3
-
pensions
63
-
79
-
other
13
-
29
-
health
27
-
63
-
total
120
-
208
-
Corporate
547
1 050
-
-
income
153
294
-
-
surtax
-
-
-
-
total
153
294
-
-
Dividends
394
756
-
-
withholding
50
97
-
-
surtax
-
-
-
-
social contributions
68
130
-
-
total
118
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
468
521
414
451
After tax
582
529
636
599
Living cost
307
307
307
307
Free-cash
275
222
329
292

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.
£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.
£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
Rotterdam , Netherlands
£182
£226
£137
£83
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
-
-
-
1 050
income
-
-
-
234
health
-
-
-
110
pensions
-
-
-
105
total
-
-
-
449
Employee
765
765
894
-
income

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

125
125
125
-
health
117
100
107
-
pensions
138
105
105
-
total
380
330
337
-
Employer
765
765
894
-
unemployment
28
28
32
-
pensions
53
53
62
-
health
53
53
62
-
total
134
134
156
-
Corporate
160
151
-
-
income
32
30
-
-
total
32
30
-
-
Dividends
128
121
-
-
withholding
19
18
-
-
income
27
26
-
-
total
46
44
-
-
Income
1 050
1 050
1 050
1 050
Total tax
592
538
493
449
After tax
458
512
557
601
Living cost
375
375
375
375
Free-cash
83
137
182
226

Estimated living cost  is £375 per week

£266
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
£437
£337
£259
£359
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.

-
-
-
1 050
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.

-
-
-
266
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.

-
-
-
61
trade
-
-
-
100
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.

-
-
-
15
total
-
-
-
442
Employee

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

343
-
1 050
-
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
-
266
-
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.

61
-
61
-
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
-
15
-
total
72
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
707
1 050
-
-
chamber of commerce
2
3
-
-
income
106
158
-
-
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
-
-
trade
111
165
-
-
total
225
335
-
-
Dividends
482
716
-
-
withholding
117
175
-
-
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
10
-
-
total
123
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
420
520
342
442
After tax
630
530
708
608
Living cost
271
271
271
271
Free-cash
359
259
437
337

Estimated living cost  is £271 per week

£171
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
£519
£530
£561
£512
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
-
-
-
1 050
income
-
-
-
141
social contributions
-
-
-
145
health
-
-
-
27
total
-
-
-
313
Employee
689
689
955
-
income
75
64
136
-
social contributions
26
57
77
-
health
5
12
16
-
total
106
133
229
-
Employer
689
689
955
-
social contributions
26
57
77
-
health
6
13
18
-
total
32
70
95
-
Corporate
704
291
-
-
income
88
36
-
-
total
88
36
-
-
Dividends
616
255
-
-
withholding
105
43
-
-
total
105
43
-
-
Income
1 050
1 050
1 050
1 050
Total tax
331
282
324
313
After tax
719
768
726
737
Living cost
207
207
207
207
Free-cash
512
561
519
530

Estimated living cost  is £207 per week

£124
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.
£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 Source
Lisbon , Portugal
£235
£299
£317
£308
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.

-
-
-
1 050
income
-
-
-
105
social contributions

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

-
-
-
365
surtax
-
-
-
-
total
-
-
-
470
Employee
412
-
848
-
income
86
-
239
-
social contributions
45
-
93
-
surtax
-
-
-
-
total
131
-
332
-
Employer
412
-
848
-
social contributions
98
-
202
-
total
98
-
202
-
Corporate
540
1 050
-
-
income
113
220
-
-
surtax
-
-
-
-
total
113
220
-
-
Dividends
427
830
-
-
withholding
119
232
-
-
total
119
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
461
452
534
470
After tax
589
598
516
580
Living cost
281
281
281
281
Free-cash
308
317
235
299

Estimated living cost  is £281 per week

£210
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.
£49
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
£773
£973
£931
£918
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%.

-
-
-
1 050
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
84
-
1 050
-
income
17
-
210
-
total
17
-
210
-
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%.

966
1 050
-
-
total
-
-
-
-
Dividends
966
1 050
-
-
withholding
48
52
-
-
total
48
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
65
52
210
10
After tax
985
998
840
1 040
Living cost
67
67
67
67
Free-cash
918
931
773
973

Estimated living cost  is £67 per week

£41
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.
£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.
£18
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
£266
£296
£483
£409
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.

-
-
-
1 050
income
-
-
-
217
health
-
-
-
103
unemployment
-
-
-
2
pensions
-
-
-
192
total
-
-
-
514
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.

396
-
909
-
income
68
-
201
-
health
26
-
59
-
unemployment
1
-
1
-
pensions
61
-
141
-
total
156
-
402
-
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.

396
-
909
-
unemployment
-
-
1
-
pensions
35
-
80
-
health
26
-
61
-
total
61
-
142
-
Corporate
592
1 050
-
-
income
112
199
-
-
total
112
199
-
-
Dividends
480
851
-
-
withholding
72
128
-
-
total
72
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
401
327
544
514
After tax
649
723
506
536
Living cost
240
240
240
240
Free-cash
409
483
266
296

Estimated living cost  is £240 per week

£165
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.
£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
Sliema , Malta
£449
£411
£310
£342
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.

-
-
-
1 050
income
-
-
-
255
health

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

-
-
-
59
total
-
-
-
314
Employee
411
-
1 009
-
social contributions
41
-
41
-
income
45
-
194
-
total
86
-
235
-
Employer
411
-
1 009
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
598
1 050
-
-
income
209
368
-
-
total
209
368
-
-
Dividends
389
682
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
383
415
276
314
After tax
667
635
774
736
Living cost
325
325
325
325
Free-cash
342
310
449
411

Estimated living cost  is £325 per week

£214
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.
£80
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
£478
£484
£449
£456
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
-
-
-
1 050
income
-
-
-
158
social contributions
-
-
-
145
health
-
-
-
73
total
-
-
-
376
Employee
304
-
1 050
-
income
51
-
164
-
social contributions
42
-
145
-
health
21
-
73
-
total
114
-
382
-
Employer
304
-
1 050
-
total
-
-
-
-
Corporate
746
1 050
-
-
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%.

37
53
-
-
total
37
53
-
-
Dividends
709
997
-
-
withholding
106
150
-
-
health
49
70
-
-
social contributions
98
138
-
-
total
253
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
404
411
382
376
After tax
646
639
668
674
Living cost
190
190
190
190
Free-cash
456
449
478
484

Estimated living cost  is £190 per week

£127
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
£286
£282
£476
£389
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
-
-
-
1 050
income
-
-
-
93
social contributions
-
-
-
287
solidarity contribution
-
-
-
-
health
-
-
-
142
total
-
-
-
522
Employee
361
-
784
-
solidarity contribution
-
-
-
-
income
43
-
94
-
social contributions
23
-
51
-
health
49
-
106
-
total
115
-
251
-
Employer
361
-
784
-
social contributions
90
-
196
-
health
33
-
71
-
total
123
-
267
-
Corporate
566
1 050
-
-
income
108
200
-
-
total
108
200
-
-
Dividends
459
850
-
-
withholding
69
128
-
-
total
69
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
415
328
518
522
After tax
635
722
532
528
Living cost
246
246
246
246
Free-cash
389
476
286
282

Estimated living cost  is £246 per week

£183
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
£736
£936
£894
£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%.

-
-
-
1 050
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
130
-
1 050
-
income
26
-
210
-
total
26
-
210
-
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
1 050
-
-
total
-
-
-
-
Dividends
920
1 050
-
-
withholding
46
52
-
-
total
46
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
72
52
210
10
After tax
978
998
840
1 040
Living cost
104
104
104
104
Free-cash
874
894
736
936

Estimated living cost  is £104 per week

£71
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.
£26
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
£203
£166
£96
£158
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
-
-
-
1 050
income
-
-
-
122
social contributions
-
-
-
30
health
-
-
-
28
surtax
-
-
-
-
pensions
-
-
-
238
other
-
-
-
33
total
-
-
-
451
Employee
561
-
842
-
income
49
-
136
-
social contributions
16
-
24
-
surtax
-
-
-
-
pensions
63
-
46
-
total
128
-
206
-
Employer
561
-
842
-
unemployment
23
-
34
-
social contributions
2
-
3
-
pensions
92
-
79
-
other
19
-
29
-
health
39
-
63
-
total
175
-
208
-
Corporate
314
1 050
-
-
income
88
294
-
-
surtax
-
-
-
-
total
88
294
-
-
Dividends
226
756
-
-
withholding
29
97
-
-
surtax
-
-
-
-
social contributions
39
130
-
-
total
68
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
459
521
414
451
After tax
591
529
636
599
Living cost
433
433
433
433
Free-cash
158
96
203
166

Estimated living cost  is £433 per week

£293
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.
£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
£422
£421
£604
£560
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.

-
-
-
1 050
income
-
-
-
225
health
-
-
-
68
unemployment
-
-
-
10
pensions
-
-
-
172
total
-
-
-
475
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.

233
-
932
-
income
32
-
225
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
92
-
total
79
-
356
-
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.

233
-
932
-
unemployment
2
-
5
-
pensions
28
-
79
-
health
12
-
34
-
total
42
-
118
-
Corporate
775
1 050
-
-
income
116
158
-
-
total
116
158
-
-
Dividends
659
892
-
-
withholding
99
134
-
-
total
99
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
336
292
474
475
After tax
714
758
576
575
Living cost
154
154
154
154
Free-cash
560
604
422
421

Estimated living cost  is £154 per week

£104
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.
£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
£189
£240
-£145
£123
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
-
-
-
1 050
regional
-
-
-
43
national
-
-
-
11
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.

-
-
-
21
pensions
-
-
-
97
total
-
-
-
185
Employee
732
-
940
-
regional
24
-
37
-
city
8
-
10
-
health
2
-
2
-
unemployment
-
-
-
-
national
3
-
8
-
pensions
61
-
79
-
total
98
-
136
-
Employer
732
-
940
-
unemployment
-
-
-
-
pensions
61
-
79
-
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
-
19
-
health
2
-
2
-
total
78
-
100
-
Corporate
232
1 050
-
-
regional
49
222
-
-
national
20
89
-
-
total
69
311
-
-
Dividends
164
739
-
-
withholding
57
259
-
-
total
57
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
302
570
236
185
After tax
748
480
814
865
Living cost
625
625
625
625
Free-cash
123
-145
189
240

Estimated living cost  is £625 per week

£407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
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.
£155
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
£240
£385
£343
£338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
municipal
-
-
-
187
national
-
-
-
122
health
-
-
-
12
total
-
-
-
321
Employee
471
-
883
-
health
4
-
10
-
unemployment
7
-
13
-
national
8
-
72
-
municipal
77
-
144
-
pensions
32
-
60
-
total
128
-
299
-
Employer
471
-
883
-
unemployment
3
-
6
-
pensions
82
-
153
-
accident
-
-
1
-
health
4
-
7
-
total
89
-
167
-
Corporate
490
1 050
-
-
income
98
210
-
-
total
98
210
-
-
Dividends

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

294
630
-
-
national
-
40
-
-
municipal
53
113
-
-
total
53
153
-
-
Income
1 050
1 050
1 050
1 050
Total tax
368
363
466
321
After tax
682
687
584
729
Living cost
344
344
344
344
Free-cash
338
343
240
385

Estimated living cost  is £344 per week

£225
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.
£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

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
£73
£149
£262
£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
-
-
-
1 050
national
-
-
-
353
social contributions
-
-
-
168
communal

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

-
-
-
53
total
-
-
-
574
Employee

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

641
-
813
-
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
-
38
-
communal

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

33
-
42
-
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
197
-
265
-
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
-
61
-
total
314
-
413
-
Employer

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

641
-
813
-
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
-
12
-
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
-
72
-
surtax
73
-
92
-
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
-
11
-
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.

39
-
50
-
total
186
-
237
-
Corporate
223
1 050
-
-
income
45
210
-
-
surtax
1
4
-
-
total
46
214
-
-
Dividends
177
836
-
-
withholding

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

50
247
-
-
total
50
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
596
461
650
574
After tax
454
589
400
476
Living cost
327
327
327
327
Free-cash
127
262
73
149

Estimated living cost  is £327 per week

£210
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
£184
£191
£203
£195
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
-
-
-
1 050
municipal
-
-
-
243
national
-
-
-
10
health
-
-
-
51
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
88
other
-
-
-
94
total
-
-
-
489
Employee
527
-
799
-
national
-
-
7
-
municipal
157
-
238
-
total
157
-
245
-
Employer
527
-
799
-
unemployment
14
-
21
-
pensions
57
-
86
-
other
61
-
93
-
accident
1
-
2
-
health
32
-
49
-
total
165
-
251
-
Corporate
357
1 050
-
-
income
79
231
-
-
total
79
231
-
-
Dividends
279
819
-
-
withholding
84
246
-
-
total
84
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
485
477
496
489
After tax
565
573
554
561
Living cost
370
370
370
370
Free-cash
195
203
184
191

Estimated living cost  is £370 per week

£245
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.
£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
Oslo , Norway
£516
£316
£230
-£363
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
-
-
-
1 050
income
-
-
-
205
social contributions
-
-
-
120
total
-
-
-
325
Employee
587
-
-
-
income
129
-
-
-
social contributions
48
-
7
-
total
177
-
7
-
Employer
587
-
-
-
social contributions
827
-
118
-
total
827
-
118
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 004
411
125
325
After tax
46
639
925
725
Living cost
409
409
409
409
Free-cash
-363
230
516
316

Estimated living cost  is £409 per week

£266
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.
£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.
£100
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
£435
£446
£477
£441
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
-
-
-
1 050
income
-
-
-
141
social contributions
-
-
-
145
health
-
-
-
27
total
-
-
-
313
Employee
689
689
955
-
income
72
64
136
-
social contributions
33
57
77
-
health
7
12
16
-
total
112
133
229
-
Employer
689
689
955
-
social contributions
33
57
77
-
health
7
13
18
-
total
40
70
95
-
Corporate
606
291
-
-
income
76
36
-
-
total
76
36
-
-
Dividends
530
255
-
-
withholding
90
43
-
-
total
90
43
-
-
Income
1 050
1 050
1 050
1 050
Total tax
318
282
324
313
After tax
732
768
726
737
Living cost
291
291
291
291
Free-cash
441
477
435
446

Estimated living cost  is £291 per week

£199
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.
£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
Edinburgh , United Kingdom
£311
£409
£415
£413
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
-
-
-
1 050
income
-
-
-
248
pensions
-
-
-
69
total
-
-
-
317
Employee
445
-
922
-
income
81
-
183
-
health
6
-
15
-
pensions
34
-
88
-
total
121
-
286
-
Employer
445
-
922
-
pensions
45
-
111
-
health
8
-
18
-
total
53
-
129
-
Corporate
551
1 050
-
-
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.

105
200
-
-
total
105
200
-
-
Dividends
447
850
-
-
withholding
34
111
-
-
total
34
111
-
-
Income
1 050
1 050
1 050
1 050
Total tax
313
311
415
317
After tax
737
739
635
733
Living cost
324
324
324
324
Free-cash
413
415
311
409

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
£112
£160
£196
£154
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
-
-
-
1 050
municipal
-
-
-
7
regional
-
-
-
22
national
-
-
-
234
social contributions
-
-
-
270
total
-
-
-
533
Employee
755
-
1 050
-
regional
11
-
19
-
social contributions
255
-
354
-
national
128
-
202
-
municipal
5
-
6
-
total
399
-
581
-
Employer
755
-
1 050
-
total
-
-
-
-
Corporate
295
1 050
-
-
nationa
71
252
-
-
municipal
14
51
-
-
total
85
303
-
-
Dividends
210
747
-
-
withholding
55
194
-
-
total
55
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
539
497
581
533
After tax
511
553
469
517
Living cost
357
357
357
357
Free-cash
154
196
112
160

Estimated living cost  is £357 per week

£251
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.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£367
£533
-£102
£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
-
-
-
1 050
income
-
-
-
271
health
-
-
-
19
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
330
Employee
294
-
918
-
income
40
-
194
-
health
34
-
105
-
pensions
33
-
65
-
total
107
-
364
-
Employer
294
-
918
-
unemployment
7
-
23
-
pensions
48
-
94
-
accident
5
-
15
-
total
60
-
132
-
Corporate
696
1 050
-
-
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.

626
945
-
-
total
626
945
-
-
Dividends
70
105
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
806
965
496
330
After tax
244
85
554
720
Living cost
187
187
187
187
Free-cash
57
-102
367
533

Estimated living cost  is £187 per week

£137
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
£362
£271
£194
£311
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.

-
-
-
1 050
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.

-
-
-
266
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.

-
-
-
61
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.

-
-
-
15
total
-
-
-
433
Employee

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

446
-
1 050
-
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
-
266
-
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.

61
-
61
-
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
-
15
-
total
100
-
342
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
604
1 050
-
-
chamber of commerce
2
3
-
-
income
91
158
-
-
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
-
-
trade
87
151
-
-
total
185
321
-
-
Dividends
420
730
-
-
withholding
102
179
-
-
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
10
-
-
total
108
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
393
510
342
433
After tax
657
540
708
617
Living cost
346
346
346
346
Free-cash
311
194
362
271

Estimated living cost  is £346 per week

£239
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
£404
£372
£654
£580
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.

-
-
-
1 050
microenterprise
-
-
-
-
income
-
-
-
154
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.

-
-
-
338
surtax
-
-
-
-
total
-
-
-
492
Employee
262
-
846
-
income
47
-
163
-
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
-
93
-
surtax
-
-
-
-
total
76
-
256
-
Employer
262
-
846
-
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
-
204
-
surtax
-
-
-
-
total
63
-
204
-
Corporate
725
1 050
-
-
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%.

145
210
-
-
total
145
210
-
-
Dividends

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

580
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
284
210
460
492
After tax
766
840
590
558
Living cost
186
186
186
186
Free-cash
580
654
404
372

Estimated living cost  is £186 per week

£119
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.
£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
Istanbul , Turkey
£492
£498
£539
£520
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
-
-
-
1 050
income
-
-
-
290
health
-
-
-
61
pensions
-
-
-
85
total
-
-
-
436
Employee
177
-
955
-
income
34
-
285
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
348
-
Employer
177
-
955
-
unemployment
4
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
40
-
94
-
Corporate
834
1 050
-
-
income
183
231
-
-
total
183
231
-
-
Dividends
650
819
-
-
withholding
130
164
-
-
total
130
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
414
395
442
436
After tax
636
655
608
614
Living cost
116
116
116
116
Free-cash
520
539
492
498

Estimated living cost  is £116 per week

£69
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.
£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.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£300
£315
£459
£430
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
-
-
-
1 050
income
-
-
-
218
health
-
-
-
75
unemployment
-
-
-
2
surtax
-
-
-
29
pensions
-
-
-
210
other
-
-
-
-
total
-
-
-
534
Employee
302
-
867
-
other
-
-
-
-
income
51
-
201
-
health
8
-
22
-
unemployment
21
-
60
-
surtax
1
-
26
-
pensions
20
-
58
-
total
101
-
367
-
Employer
302
-
867
-
unemployment
10
-
27
-
pensions
40
-
116
-
other
-
-
-
-
health
14
-
39
-
total
64
-
182
-
Corporate
685
1 050
-
-
income
178
273
-
-
total
178
273
-
-
Dividends
507
777
-
-
withholding
76
117
-
-
total
76
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
419
390
549
534
After tax
631
660
501
516
Living cost
201
201
201
201
Free-cash
430
459
300
315

Estimated living cost  is £201 per week

£121
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.
£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
£15
£235
£299
£295
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
-
-
-
1 050
income
-
-
-
196
chamber of commerce
-
-
-
4
health
-
-
-
80
unemployment
-
-
-
55
surtax
-
-
-
-
pensions
-
-
-
194
total
-
-
-
529
Employee
392
357
815
-
other
4
4
8
-
income
35
26
173
-
health
15
14
32
-
unemployment
12
11
24
-
pensions
40
37
83
-
total
106
92
320
-
Employer
392
357
815
-
unemployment
12
11
24
-
chamber of commerce
2
1
3
-
pensions
49
45
102
-
payroll
12
11
24
-
other
19
17
39
-