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
£410
£294
£326
£457
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
unemployment
-
-
-
6
income
-
-
-
221
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
238
total
-
-
-
474
Employee
336
-
796
-
unemployment
5
-
12
-
pensions
16
-
37
-
income
65
-
202
-
other
-
-
1
-
total
86
-
252
-
Employer
336
-
796
-
pensions
79
-
188
-
accident
7
-
16
-
unemployment
18
-
44
-
other
3
-
6
-
total
107
-
254
-
Corporate
607
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.

91
157
-
-
total
91
157
-
-
Dividends
516
893
-
-
withholding
106
186
-
-
total
106
186
-
-
Income
1 050
1 050
1 050
1 050
Total tax
390
343
506
474
After tax
660
707
544
576
Living cost
250
250
250
250
Free-cash
410
457
294
326

Estimated living cost  is £250 per week

£168
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.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£468
£365
£323
£529
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
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
income
-
-
-
137
other
-
-
-
50
health
-
-
-
46
total
-
-
-
485
Employee
329
-
839
-
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
-
income
57
-
152
-
total
88
-
231
-
Employer
329
-
839
-
health
5
-
12
-
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
-
143
-
accident
3
-
7
-
unemployment
3
-
8
-
other
16
-
42
-
total
83
-
212
-
Corporate
638
1 050
-
-
income
134
221
-
-
total
134
221
-
-
Dividends
504
829
-
-
withholding
35
58
-
-
total
35
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
340
279
443
485
After tax
710
771
607
565
Living cost
242
242
242
242
Free-cash
468
529
365
323

Estimated living cost  is £242 per week

£171
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.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£736
£724
£689
£779
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
pensions

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

-
-
-
47
unemployment
-
-
-
1
income
-
-
-
157
health
-
-
-
37
total
-
-
-
242
Employee
158
-
988
-
health
7
-
15
-
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
-
income
16
-
99
-
total
39
-
145
-
Employer
158
-
988
-
health
11
-
22
-
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
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
861
1 050
-
-
income
86
105
-
-
total
86
105
-
-
Dividends
775
945
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
195
152
207
242
After tax
855
898
843
808
Living cost
119
119
119
119
Free-cash
736
779
724
689

Estimated living cost  is £119 per week

£70
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.
£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
£273
£328
£290
£219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
120
other
-
-
-
33
health
-
-
-
27
social contributions
-
-
-
30
pensions
-
-
-
240
surtax
-
-
-
-
total
-
-
-
450
Employee
388
-
843
-
pensions
44
-
45
-
income
23
-
136
-
social contributions
11
-
24
-
surtax
-
-
-
-
total
78
-
205
-
Employer
388
-
843
-
health
27
-
62
-
social contributions
1
-
3
-
pensions
64
-
79
-
unemployment
16
-
34
-
other
13
-
29
-
total
121
-
207
-
Corporate
540
1 050
-
-
income
151
294
-
-
surtax
-
-
-
-
total
151
294
-
-
Dividends
389
756
-
-
social contributions
67
130
-
-
surtax
-
-
-
-
withholding
50
97
-
-
total
117
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
467
521
412
450
After tax
583
529
638
600
Living cost
310
310
310
310
Free-cash
273
219
328
290

Estimated living cost  is £310 per week

£196
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
£76
£173
£220
£131
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
pensions
-
-
-
106
income
-
-
-
232
health
-
-
-
112
total
-
-
-
450
Employee
775
775
894
-
health
119
101
108
-
pensions
139
106
106
-
income

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

127
127
127
-
total
385
334
341
-
Employer
775
775
894
-
health
54
54
62
-
pensions
54
54
62
-
unemployment
28
28
32
-
total
136
136
156
-
Corporate
149
139
-
-
income
30
28
-
-
total
30
28
-
-
Dividends
119
112
-
-
income
25
24
-
-
withholding
18
17
-
-
total
43
41
-
-
Income
1 050
1 050
1 050
1 050
Total tax
594
539
497
450
After tax
456
511
553
600
Living cost
380
380
380
380
Free-cash
76
131
173
220

Estimated living cost  is £380 per week

£269
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
£356
£435
£336
£256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
99
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.

-
-
-
264
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
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.

-
-
-
14
total
-
-
-
439
Employee

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

347
-
1 050
-
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
-
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
-
264
-
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
-
14
-
total
73
-
340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
703
1 050
-
-
income
105
157
-
-
trade
111
165
-
-
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
-
-
chamber of commerce
2
3
-
-
total
224
334
-
-
Dividends
479
716
-
-
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
-
-
withholding
116
175
-
-
total
122
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
419
519
340
439
After tax
631
531
710
611
Living cost
275
275
275
275
Free-cash
356
256
435
336

Estimated living cost  is £275 per week

£173
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.
£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.

Larnaca , Cyprus
£510
£516
£527
£557
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
-
-
-
139
health
-
-
-
27
social contributions
-
-
-
147
total
-
-
-
313
Employee
698
698
954
-
health
5
12
16
-
income
76
65
134
-
social contributions
26
58
78
-
total
107
135
228
-
Employer
698
698
954
-
health
6
13
18
-
social contributions
26
58
78
-
total
32
71
96
-
Corporate
700
281
-
-
income
87
35
-
-
total
87
35
-
-
Dividends
612
246
-
-
withholding
104
42
-
-
total
104
42
-
-
Income
1 050
1 050
1 050
1 050
Total tax
330
283
324
313
After tax
720
767
726
737
Living cost
210
210
210
210
Free-cash
510
557
516
527

Estimated living cost  is £210 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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
£303
£233
£295
£312
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
417
-
848
-
income
87
-
237
-
social contributions
46
-
93
-
surtax
-
-
-
-
total
133
-
330
-
Employer
417
-
848
-
social contributions
99
-
202
-
total
99
-
202
-
Corporate
534
1 050
-
-
income
112
221
-
-
surtax
-
-
-
-
total
112
221
-
-
Dividends
421
829
-
-
withholding
118
232
-
-
total
118
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
462
453
532
470
After tax
588
597
518
580
Living cost
285
285
285
285
Free-cash
303
312
233
295

Estimated living cost  is £285 per week

£213
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
£917
£772
£971
£929
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.

-
-
-
11
total
-
-
-
11
Employee
85
-
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%.

965
1 050
-
-
total
-
-
-
-
Dividends
965
1 050
-
-
withholding
48
53
-
-
total
48
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
65
53
210
11
After tax
985
997
840
1 039
Living cost
68
68
68
68
Free-cash
917
929
772
971

Estimated living cost  is £68 per week

£42
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
£404
£263
£294
£480
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
pensions
-
-
-
192
unemployment
-
-
-
2
income
-
-
-
216
health
-
-
-
103
total
-
-
-
513
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.

401
-
909
-
health
26
-
59
-
unemployment
1
-
1
-
pensions
62
-
141
-
income
69
-
201
-
total
158
-
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.

401
-
909
-
health
27
-
61
-
pensions
36
-
80
-
unemployment
-
-
1
-
total
63
-
142
-
Corporate
586
1 050
-
-
income
111
199
-
-
total
111
199
-
-
Dividends
475
851
-
-
withholding
71
128
-
-
total
71
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
327
544
513
After tax
647
723
506
537
Living cost
243
243
243
243
Free-cash
404
480
263
294

Estimated living cost  is £243 per week

£167
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
£337
£444
£406
£306
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
-
-
-
258
health

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

-
-
-
57
total
-
-
-
315
Employee
416
-
1 008
-
social contributions
42
-
42
-
income
45
-
193
-
total
87
-
235
-
Employer
416
-
1 008
-
social contributions
42
-
42
-
total
42
-
42
-
Corporate
592
1 050
-
-
income
207
367
-
-
total
207
367
-
-
Dividends
385
683
-
-
social contributions
48
48
-
-
total
48
48
-
-
Income
1 050
1 050
1 050
1 050
Total tax
384
415
277
315
After tax
666
635
773
735
Living cost
329
329
329
329
Free-cash
337
306
444
406

Estimated living cost  is £329 per week

£217
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
£455
£477
£483
£447
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
-
-
-
73
social contributions
-
-
-
145
total
-
-
-
375
Employee
308
-
1 050
-
health
21
-
73
-
income
51
-
163
-
social contributions
42
-
145
-
total
114
-
381
-
Employer
308
-
1 050
-
total
-
-
-
-
Corporate
742
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
705
997
-
-
social contributions
97
138
-
-
withholding
106
150
-
-
health
49
70
-
-
total
252
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
403
411
381
375
After tax
647
639
669
675
Living cost
192
192
192
192
Free-cash
455
447
477
483

Estimated living cost  is £192 per week

£129
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
£378
£278
£266
£468
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
-
-
-
92
health
-
-
-
142
social contributions
-
-
-
296
solidarity contribution
-
-
-
-
total
-
-
-
530
Employee
373
-
784
-
health
50
-
106
-
solidarity contribution
-
-
-
-
income
45
-
94
-
social contributions
24
-
51
-
total
119
-
251
-
Employer
373
-
784
-
health
34
-
71
-
social contributions
93
-
196
-
total
127
-
267
-
Corporate
550
1 050
-
-
income
105
200
-
-
total
105
200
-
-
Dividends
446
850
-
-
withholding
67
128
-
-
total
67
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
328
518
530
After tax
632
722
532
520
Living cost
254
254
254
254
Free-cash
378
468
278
266

Estimated living cost  is £254 per week

£189
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.
£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
Tbilisi , Georgia
£872
£734
£933
£891
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.

-
-
-
11
total
-
-
-
11
Employee
132
-
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%.

918
1 050
-
-
total
-
-
-
-
Dividends
918
1 050
-
-
withholding
46
53
-
-
total
46
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
72
53
210
11
After tax
978
997
840
1 039
Living cost
106
106
106
106
Free-cash
872
891
734
933

Estimated living cost  is £106 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.
£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.
£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
£153
£200
£162
£91
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
-
-
-
120
other
-
-
-
33
health
-
-
-
27
social contributions
-
-
-
30
pensions
-
-
-
240
surtax
-
-
-
-
total
-
-
-
450
Employee
568
-
843
-
pensions
64
-
45
-
income
50
-
136
-
social contributions
16
-
24
-
surtax
-
-
-
-
total
130
-
205
-
Employer
568
-
843
-
health
40
-
62
-
social contributions
2
-
3
-
pensions
93
-
79
-
unemployment
23
-
34
-
other
20
-
29
-
total
178
-
207
-
Corporate
304
1 050
-
-
income
85
294
-
-
surtax
-
-
-
-
total
85
294
-
-
Dividends
219
756
-
-
social contributions
38
130
-
-
surtax
-
-
-
-
withholding
28
97
-
-
total
66
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
459
521
412
450
After tax
591
529
638
600
Living cost
438
438
438
438
Free-cash
153
91
200
162

Estimated living cost  is £438 per week

£297
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.
£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
Belgrade , Serbia
£558
£418
£417
£603
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
pensions
-
-
-
174
unemployment
-
-
-
10
income
-
-
-
224
health
-
-
-
69
total
-
-
-
477
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.

236
-
930
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
33
-
94
-
income
33
-
224
-
total
80
-
357
-
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.

236
-
930
-
health
12
-
34
-
pensions
28
-
80
-
unemployment
2
-
5
-
total
42
-
119
-
Corporate
772
1 050
-
-
income
116
157
-
-
total
116
157
-
-
Dividends
656
893
-
-
withholding
98
134
-
-
total
98
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
336
291
476
477
After tax
714
759
574
573
Living cost
156
156
156
156
Free-cash
558
603
418
417

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
£118
£183
£235
-£152
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
pensions
-
-
-
97
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
health
-
-
-
2
regional
-
-
-
42
national
-
-
-
10
total
-
-
-
183
Employee
740
-
940
-
health
2
-
2
-
unemployment
-
-
-
-
city
8
-
10
-
pensions
62
-
79
-
regional
24
-
36
-
national
4
-
8
-
total
100
-
135
-
Employer
740
-
940
-
health
2
-
2
-
pensions
62
-
79
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

15
-
19
-
total
79
-
100
-
Corporate
224
1 050
-
-
regional
47
222
-
-
national
19
89
-
-
total
66
311
-
-
Dividends
157
739
-
-
withholding
55
259
-
-
total
55
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
300
570
235
183
After tax
750
480
815
867
Living cost
632
632
632
632
Free-cash
118
-152
183
235

Estimated living cost  is £632 per week

£411
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.
£157
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
£334
£237
£382
£340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
health
-
-
-
12
national
-
-
-
121
total
-
-
-
320
Employee
477
-
883
-
health
4
-
10
-
unemployment
7
-
13
-
pensions
32
-
60
-
national
8
-
71
-
municipal
78
-
144
-
total
129
-
298
-
Employer
477
-
883
-
health
4
-
7
-
pensions
83
-
153
-
accident
-
-
1
-
unemployment
3
-
6
-
total
90
-
167
-
Corporate
483
1 050
-
-
income
97
210
-
-
total
97
210
-
-
Dividends

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

290
630
-
-
municipal
52
113
-
-
national
-
39
-
-
total
52
152
-
-
Income
1 050
1 050
1 050
1 050
Total tax
368
362
465
320
After tax
682
688
585
730
Living cost
348
348
348
348
Free-cash
334
340
237
382

Estimated living cost  is £348 per week

£228
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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
£121
£70
£146
£258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
communal

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

-
-
-
53
social contributions
-
-
-
169
national
-
-
-
351
total
-
-
-
573
Employee

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

649
-
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.

34
-
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
-
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.

49
-
61
-
national
200
-
264
-
total
319
-
412
-
Employer

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

649
-
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.

40
-
50
-
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.

58
-
72
-
surtax
74
-
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
-
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
-
total
189
-
237
-
Corporate
212
1 050
-
-
income
42
210
-
-
surtax
1
4
-
-
total
43
214
-
-
Dividends
169
836
-
-
withholding

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

47
247
-
-
total
47
247
-
-
Income
1 050
1 050
1 050
1 050
Total tax
598
461
649
573
After tax
452
589
401
477
Living cost
331
331
331
331
Free-cash
121
258
70
146

Estimated living cost  is £331 per week

£213
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.
£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
Stockholm , Sweden
£174
£170
£170
£182
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
unemployment
-
-
-
1
municipal
-
-
-
239
other
-
-
-
100
health
-
-
-
54
national
-
-
-
-
accident
-
-
-
2
pensions
-
-
-
93
total
-
-
-
489
Employee
558
-
799
-
national
-
-
-
-
municipal
166
-
238
-
total
166
-
238
-
Employer
558
-
799
-
health
34
-
49
-
pensions
60
-
86
-
accident
1
-
2
-
unemployment
15
-
21
-
other
65
-
93
-
total
175
-
251
-
Corporate
317
1 050
-
-
income
70
231
-
-
total
70
231
-
-
Dividends
247
819
-
-
withholding
74
246
-
-
total
74
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
485
477
489
489
After tax
565
573
561
561
Living cost
391
391
391
391
Free-cash
174
182
170
170

Estimated living cost  is £391 per week

£259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-£437
£489
£295
£209
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
617
-
-
-
income
136
-
-
-
social contributions
51
-
7
-
total
187
-
7
-
Employer
617
-
-
-
social contributions
870
-
124
-
total
870
-
124
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 057
411
131
325
After tax
-7
639
919
725
Living cost
430
430
430
430
Free-cash
-437
209
489
295

Estimated living cost  is £430 per week

£279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£105
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
£436
£432
£443
£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
-
-
-
1 050
income
-
-
-
139
health
-
-
-
27
social contributions
-
-
-
147
total
-
-
-
313
Employee
698
698
954
-
health
7
12
16
-
income
73
65
134
-
social contributions
34
58
78
-
total
114
135
228
-
Employer
698
698
954
-
health
8
13
18
-
social contributions
34
58
78
-
total
42
71
96
-
Corporate
600
281
-
-
income
75
35
-
-
total
75
35
-
-
Dividends
525
246
-
-
withholding
89
42
-
-
total
89
42
-
-
Income
1 050
1 050
1 050
1 050
Total tax
320
283
324
313
After tax
730
767
726
737
Living cost
294
294
294
294
Free-cash
436
473
432
443

Estimated living cost  is £294 per week

£201
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
£413
£311
£409
£415
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
-
health
6
-
15
-
pensions
34
-
88
-
income
81
-
183
-
total
121
-
286
-
Employer
445
-
922
-
health
8
-
18
-
pensions
45
-
111
-
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
£150
£108
£156
£192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
7
regional
-
-
-
22
social contributions
-
-
-
270
national
-
-
-
233
total
-
-
-
532
Employee
765
-
1 050
-
social contributions
258
-
354
-
regional
12
-
19
-
national
129
-
201
-
municipal
5
-
6
-
total
404
-
580
-
Employer
765
-
1 050
-
total
-
-
-
-
Corporate
285
1 050
-
-
nationa
68
252
-
-
municipal
14
51
-
-
total
82
303
-
-
Dividends
203
747
-
-
withholding
53
194
-
-
total
53
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
539
497
580
532
After tax
511
553
470
518
Living cost
362
362
362
362
Free-cash
150
192
108
156

Estimated living cost  is £362 per week

£254
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
£57
£362
£528
-£107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
pensions
-
-
-
36
income
-
-
-
270
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
total
-
-
-
330
Employee
302
-
916
-
health
35
-
105
-
pensions
34
-
67
-
income
41
-
191
-
total
110
-
363
-
Employer
302
-
916
-
pensions
49
-
96
-
accident
5
-
15
-
unemployment
7
-
22
-
total
61
-
133
-
Corporate
686
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.

617
945
-
-
total
617
945
-
-
Dividends
69
105
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
801
965
496
330
After tax
249
85
554
720
Living cost
192
192
192
192
Free-cash
57
-107
362
528

Estimated living cost  is £192 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
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.
£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

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
£310
£360
£270
£191
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
trade
-
-
-
90
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.

-
-
-
264
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
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.

-
-
-
14
total
-
-
-
430
Employee

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

451
-
1 050
-
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
-
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
-
264
-
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
-
14
-
total
101
-
340
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
599
1 050
-
-
income
90
157
-
-
trade
86
151
-
-
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
-
-
chamber of commerce
2
3
-
-
total
183
320
-
-
Dividends
416
730
-
-
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
-
-
withholding
100
179
-
-
total
106
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
390
509
340
430
After tax
660
541
710
620
Living cost
350
350
350
350
Free-cash
310
191
360
270

Estimated living cost  is £350 per week

£242
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.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

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
£577
£401
£369
£651
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
income
-
-
-
154
microenterprise
-
-
-
-
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
265
-
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
265
-
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.

64
-
204
-
surtax
-
-
-
-
total
64
-
204
-
Corporate
721
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%.

144
210
-
-
total
144
210
-
-
Dividends

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

577
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
189
189
189
189
Free-cash
577
651
401
369

Estimated living cost  is £189 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
£527
£498
£506
£544
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
-
-
-
293
health
-
-
-
59
pensions
-
-
-
81
total
-
-
-
433
Employee
170
-
959
-
health
8
-
20
-
unemployment
2
-
4
-
pensions
15
-
37
-
income
33
-
288
-
total
58
-
349
-
Employer
170
-
959
-
health
16
-
39
-
pensions
19
-
45
-
unemployment
3
-
8
-
total
38
-
92
-
Corporate
842
1 050
-
-
income
185
231
-
-
total
185
231
-
-
Dividends
657
819
-
-
withholding
131
164
-
-
total
131
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
412
395
441
433
After tax
638
655
609
617
Living cost
111
111
111
111
Free-cash
527
544
498
506

Estimated living cost  is £111 per week

£66
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.
£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
Athens , Greece
£428
£297
£315
£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
pensions
-
-
-
210
unemployment
-
-
-
2
income
-
-
-
216
other
-
-
-
-
health
-
-
-
75
surtax
-
-
-
28
total
-
-
-
531
Employee
306
-
867
-
health
8
-
22
-
unemployment
21
-
60
-
pensions
20
-
58
-
income
51
-
200
-
other
-
-
-
-
surtax
1
-
26
-
total
101
-
366
-
Employer
306
-
867
-
health
14
-
39
-
pensions
41
-
116
-
unemployment
10
-
28
-
other
-
-
-
-
total
65
-
183
-
Corporate
680
1 050
-
-
income
177
273
-
-
total
177
273
-
-
Dividends
503
777
-
-
withholding
75
117
-
-
total
75
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
390
549
531
After tax
632
660
501
519
Living cost
204
204
204
204
Free-cash
428
456
297
315

Estimated living cost  is £204 per week

£123
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
£292
£13
£232
£296
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
pensions
-
-
-
194
chamber of commerce
-
-
-
4
unemployment
-
-
-
56
income
-
-
-
194
health
-
-
-
80
surtax
-
-
-
-
total
-
-
-
528
Employee
397
362
815
-
health
15
14
32
-
unemployment
12
11
24
-
pensions
41
37
83
-
income
35
27
172
-
other
4
4
8
-
total
107
93
319
-
Employer
397
362
815
-
health
15
14
31
-
pensions
50
45
102
-
surtax
-
-
-
-
accident
5
5
11
-
unemployment
12
11
24
-