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

Dresden , Germany
£266
£363
£339
£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

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

-
-
-
1 050
trade
-
-
-
102
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.

-
-
-
272
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.

-
-
-
59
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
-
-
-
448
Employee

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

332
-
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.

59
-
59
-
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
-
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.

9
-
272
-
total
69
-
346
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
718
1 050
-
-
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
-
-
income
108
158
-
-
trade
113
165
-
-
chamber of commerce
2
3
-
-
total
229
335
-
-
Dividends
489
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.

7
10
-
-
withholding
119
176
-
-
total
126
186
-
-
Income
1 050
1 050
1 050
1 050
Total tax
424
521
346
448
After tax
626
529
704
602
Living cost
263
263
263
263
Free-cash
363
266
441
339

Estimated living cost  is £263 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
£217
£210
£190
£198
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
-
-
-
112
pensions
-
-
-
126
national
-
-
-
173
social contributions
-
-
-
11
total
-
-
-
422
Employee
679
-
908
-
municipal
84
-
116
-
pensions
27
-
36
-
national
130
-
179
-
total
241
-
331
-
Employer
679
-
908
-
social contributions
7
-
10
-
pensions
54
-
73
-
total
61
-
83
-
Corporate
265
1 050
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

53
210
-
-
total
53
210
-
-
Dividends
212
840
-
-
withholding
47
185
-
-
total
47
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
402
395
414
422
After tax
648
655
636
628
Living cost
438
438
438
438
Free-cash
210
217
198
190

Estimated living cost  is £438 per week

£298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£660
£589
£115
£410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
155
surtax
-
-
-
268
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.

-
-
-
332
total
-
-
-
755
Employee
253
-
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.

28
-
93
-
surtax
-
-
-
-
income
45
-
163
-
total
73
-
256
-
Employer
253
-
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.

61
-
204
-
surtax
-
-
-
-
total
61
-
204
-
Corporate
735
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%.

147
210
-
-
total
147
210
-
-
Dividends

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

588
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
281
210
460
755
After tax
769
840
590
295
Living cost
180
180
180
180
Free-cash
589
660
410
115

Estimated living cost  is £180 per week

£115
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.
£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.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£148
£96
£239
£203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
239
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
448
Employee
741
741
894
-
health
114
97
105
-
income

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

121
121
121
-
pensions
133
102
102
-
total
368
320
328
-
Employer
741
741
894
-
unemployment
27
27
32
-
pensions
52
52
62
-
health
51
51
62
-
total
130
130
156
-
Corporate
188
179
-
-
income
38
36
-
-
total
38
36
-
-
Dividends
151
144
-
-
income
32
31
-
-
withholding
23
22
-
-
total
55
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
591
539
484
448
After tax
459
511
566
602
Living cost
363
363
363
363
Free-cash
96
148
203
239

Estimated living cost  is £363 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£239
£233
£225
£217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
municipal
-
-
-
250
accident
-
-
-
1
pensions
-
-
-
79
other
-
-
-
85
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
29
total
-
-
-
491
Employee
476
-
820
-
municipal
142
-
244
-
national
-
-
26
-
total
142
-
270
-
Employer
476
-
820
-
accident
1
-
1
-
other
55
-
85
-
unemployment
13
-
19
-
pensions
51
-
79
-
health
29
-
45
-
total
149
-
229
-
Corporate
424
1 050
-
-
income
93
231
-
-
total
93
231
-
-
Dividends
331
819
-
-
withholding
99
246
-
-
total
99
246
-
-
Income
1 050
1 050
1 050
1 050
Total tax
483
477
499
491
After tax
567
573
551
559
Living cost
334
334
334
334
Free-cash
233
239
217
225

Estimated living cost  is £334 per week

£222
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.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
£182
£307
£257
£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

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

-
-
-
1 050
trade
-
-
-
106
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.

-
-
-
272
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.

-
-
-
59
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
-
-
-
452
Employee

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

440
-
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.

59
-
59
-
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
-
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.

38
-
272
-
total
99
-
346
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
610
1 050
-
-
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
-
-
income
92
158
-
-
trade
100
173
-
-
chamber of commerce
2
3
-
-
total
199
343
-
-
Dividends
411
708
-
-
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
10
-
-
withholding
99
174
-
-
total
104
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
402
527
346
452
After tax
648
523
704
598
Living cost
341
341
341
341
Free-cash
307
182
363
257

Estimated living cost  is £341 per week

£228
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.
£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.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
£488
£452
£456
£443
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
-
-
-
146
health
-
-
-
27
social contributions
-
-
-
140
total
-
-
-
313
Employee
667
667
958
-
social contributions
32
55
75
-
health
7
11
16
-
income
70
62
142
-
total
109
128
233
-
Employer
667
667
958
-
social contributions
32
55
75
-
health
7
12
18
-
total
39
67
93
-
Corporate
620
315
-
-
income
77
39
-
-
total
77
39
-
-
Dividends
542
276
-
-
withholding
92
47
-
-
total
92
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
317
281
326
313
After tax
733
769
724
737
Living cost
281
281
281
281
Free-cash
452
488
443
456

Estimated living cost  is £281 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
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.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£434
£437
£571
£452
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
-
-
-
128
pensions
-
-
-
105
unemployment
-
-
-
16
health
-
-
-
73
total
-
-
-
322
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

227
90
879
-
health
16
6
62
-
income
28
11
107
-
pensions
23
9
88
-
unemployment
3
1
13
-
total
70
27
270
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

227
90
879
-
pensions
44
18
171
-
total
44
18
171
-
Corporate
779
942
-
-
income
70
85
-
-
total
70
85
-
-
Dividends
709
857
-
-
social contributions
137
166
-
-
withholding
135
163
-
-
total
272
329
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
459
441
322
After tax
594
591
609
728
Living cost
157
157
157
157
Free-cash
437
434
452
571

Estimated living cost  is £157 per week

£107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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 Source

Source of data for Budapest model

Close
Tallinn , Estonia
£630
£576
£353
£395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
141
pensions
-
-
-
210
health
-
-
-
136
total
-
-
-
487
Employee
246
-
785
-
income
28
-
151
-
pensions
5
-
16
-
unemployment
4
-
13
-
total
37
-
180
-
Employer
246
-
785
-
unemployment
2
-
6
-
pensions
49
-
157
-
health
32
-
102
-
total
83
-
265
-
Corporate
721
1 050
-
-
income
144
210
-
-
total
144
210
-
-
Dividends
577
840
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
264
210
445
487
After tax
786
840
605
563
Living cost
210
210
210
210
Free-cash
576
630
395
353

Estimated living cost  is £210 per week

£144
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.
£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

Source of data for Tallinn model

Close
Gdansk , Poland
-£104
£57
£530
£365
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
accident
-
-
-
2
income
-
-
-
271
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
331
Employee
298
-
917
-
health
34
-
105
-
income
41
-
193
-
pensions
34
-
66
-
total
109
-
364
-
Employer
298
-
917
-
accident
5
-
15
-
unemployment
7
-
22
-
pensions
48
-
95
-
total
60
-
132
-
Corporate
691
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.

622
945
-
-
total
622
945
-
-
Dividends
69
105
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
804
965
496
331
After tax
246
85
554
719
Living cost
189
189
189
189
Free-cash
57
-104
365
530

Estimated living cost  is £189 per week

£139
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.

Source of data for Gdansk model

Close
Batumi , Georgia
£919
£903
£960
£761
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
99
-
1 050
-
income
20
-
210
-
total
20
-
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%.

951
1 050
-
-
total
-
-
-
-
Dividends
951
1 050
-
-
withholding
48
52
-
-
total
48
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
68
52
210
11
After tax
982
998
840
1 039
Living cost
79
79
79
79
Free-cash
903
919
761
960

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
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.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
£541
£482
£332
£375
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
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
health
-
-
-
46
total
-
-
-
487
Employee
315
-
839
-
health
4
-
12
-
income
54
-
153
-
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.

22
-
59
-
unemployment
3
-
8
-
total
83
-
232
-
Employer
315
-
839
-
accident
3
-
7
-
other
16
-
42
-
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.

54
-
143
-
health
4
-
12
-
total
80
-
212
-
Corporate
656
1 050
-
-
income
138
220
-
-
total
138
220
-
-
Dividends
518
830
-
-
withholding
36
58
-
-
total
36
58
-
-
Income
1 050
1 050
1 050
1 050
Total tax
337
278
444
487
After tax
713
772
606
563
Living cost
231
231
231
231
Free-cash
482
541
375
332

Estimated living cost  is £231 per week

£163
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.
£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

Source of data for Bratislava model

Close
London , United Kingdom
£155
£81
£149
£51
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
248
pensions
-
-
-
69
total
-
-
-
317
Employee
826
-
922
-
health
14
-
15
-
income
149
-
183
-
pensions
80
-
88
-
total
243
-
286
-
Employer
826
-
922
-
pensions
98
-
111
-
health
16
-
18
-
total
114
-
129
-
Corporate
110
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.

21
200
-
-
total
21
200
-
-
Dividends
89
850
-
-
withholding
7
111
-
-
total
7
111
-
-
Income
1 050
1 050
1 050
1 050
Total tax
385
311
415
317
After tax
665
739
635
733
Living cost
584
584
584
584
Free-cash
81
155
51
149

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£784
£743
£698
£734
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
238
Employee
151
-
991
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
99
-
pensions

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

13
-
27
-
total
37
-
143
-
Employer
151
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
33
-
health
10
-
21
-
total
30
-
59
-
Corporate
870
1 050
-
-
income
87
105
-
-
total
87
105
-
-
Dividends
783
945
-
-
withholding
39
47
-
-
total
39
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
193
152
202
238
After tax
857
898
848
812
Living cost
114
114
114
114
Free-cash
743
784
734
698

Estimated living cost  is £114 per week

£66
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.
£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

Source of data for Varna model

Close
Amsterdam , Netherlands
£30
£53
£121
£85
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
-
-
-
239
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
448
Employee
804
741
894
-
health
100
97
105
-
income

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

121
121
121
-
pensions
102
102
102
-
total
323
320
328
-
Employer
804
741
894
-
unemployment
29
27
32
-
pensions
56
52
62
-
health
56
51
62
-
total
141
130
156
-
Corporate
105
179
-
-
income
21
36
-
-
total
21
36
-
-
Dividends
84
144
-
-
income
18
31
-
-
withholding
13
22
-
-
total
31
53
-
-
Income
1 050
1 050
1 050
1 050
Total tax
516
539
484
448
After tax
534
511
566
602
Living cost
481
481
481
481
Free-cash
53
30
85
121

Estimated living cost  is £481 per week

£355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£516
£442
£312
£325
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
-
-
-
91
health
-
-
-
142
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
531
Employee
305
-
784
-
social contributions
20
-
51
-
health
41
-
106
-
solidarity contribution
-
-
-
-
income
37
-
94
-
total
98
-
251
-
Employer
305
-
784
-
social contributions
76
-
196
-
health
27
-
71
-
total
103
-
267
-
Corporate
641
1 050
-
-
income
122
199
-
-
total
122
199
-
-
Dividends
520
851
-
-
withholding
78
128
-
-
total
78
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
401
327
518
531
After tax
649
723
532
519
Living cost
207
207
207
207
Free-cash
442
516
325
312

Estimated living cost  is £207 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£194
£149
£160
£110
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
-
-
-
6
regional
-
-
-
12
national
-
-
-
236
social contributions
-
-
-
270
total
-
-
-
524
Employee
771
-
1 050
-
social contributions
260
-
354
-
regional
7
-
10
-
municipal
4
-
6
-
national
134
-
204
-
total
405
-
574
-
Employer
771
-
1 050
-
total
-
-
-
-
Corporate
279
1 050
-
-
nationa
67
252
-
-
municipal
11
41
-
-
total
78
293
-
-
Dividends
201
757
-
-
withholding
52
197
-
-
total
52
197
-
-
Income
1 050
1 050
1 050
1 050
Total tax
535
490
574
524
After tax
515
560
476
526
Living cost
366
366
366
366
Free-cash
149
194
110
160

Estimated living cost  is £366 per week

£255
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.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£469
£443
£320
£305
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
-
-
-
222
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
75
surtax
-
-
-
30
total
-
-
-
539
Employee
287
-
867
-
other
-
-
-
-
health
7
-
22
-
surtax
1
-
27
-
income
48
-
205
-
pensions
19
-
58
-
unemployment
20
-
60
-
total
95
-
372
-
Employer
287
-
867
-
other
-
-
-
-
unemployment
9
-
27
-
pensions
38
-
116
-
health
13
-
39
-
total
60
-
182
-
Corporate
703
1 050
-
-
income
183
273
-
-
total
183
273
-
-
Dividends
520
777
-
-
withholding
78
117
-
-
total
78
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
416
390
554
539
After tax
634
660
496
511
Living cost
191
191
191
191
Free-cash
443
469
305
320

Estimated living cost  is £191 per week

£117
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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£340
£318
£334
£236
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
554
-
922
-
health
8
-
15
-
income
100
-
183
-
pensions
47
-
88
-
total
155
-
286
-
Employer
554
-
922
-
pensions
60
-
111
-
health
11
-
18
-
total
71
-
129
-
Corporate
426
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.

81
200
-
-
total
81
200
-
-
Dividends
345
850
-
-
withholding
26
111
-
-
total
26
111
-
-
Income
1 050
1 050
1 050
1 050
Total tax
333
311
415
317
After tax
717
739
635
733
Living cost
399
399
399
399
Free-cash
318
340
236
334

Estimated living cost  is £399 per week

£299
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.
£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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£183
£100
£205
£153
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
city
-
-
-
11
pensions
-
-
-
97
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
regional
-
-
-
41
health
-
-
-
2
national
-
-
-
10
total
-
-
-
182
Employee
775
-
940
-
city
8
-
10
-
regional
25
-
35
-
health
2
-
2
-
pensions
65
-
79
-
unemployment
-
-
-
-
national
4
-
8
-
total
104
-
134
-
Employer
775
-
940
-
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.

16
-
19
-
unemployment
-
-
-
-
pensions
65
-
79
-
health
2
-
2
-
total
83
-
100
-
Corporate
184
1 050
-
-
regional
39
222
-
-
national
16
89
-
-
total
55
311
-
-
Dividends
129
739
-
-
withholding
45
259
-
-
total
45
259
-
-
Income
1 050
1 050
1 050
1 050
Total tax
287
570
234
182
After tax
763
480
816
868
Living cost
663
663
663
663
Free-cash
100
-183
153
205

Estimated living cost  is £663 per week

£431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£59
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.
£164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
£122
£264
£196
£307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 050
trade
-
-
-
111
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.

-
-
-
272
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.

-
-
-
59
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
-
-
-
457
Employee

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

521
-
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.

59
-
59
-
surtax

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

3
-
15
-
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.

61
-
272
-
total
123
-
346
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
529
1 050
-
-
surtax

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

4
9
-
-
income
79
158
-
-
trade
91
180
-
-
chamber of commerce
2
3
-
-
total
176
350
-
-
Dividends
352
701
-
-
surtax

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

5
9
-
-
withholding
85
172
-
-
total
90
181
-
-
Income
1 050
1 050
1 050
1 050
Total tax
389
531
346
457
After tax
661
519
704
593
Living cost
397
397
397
397
Free-cash
264
122
307
196

Estimated living cost  is £397 per week

£290
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.
£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

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
£232
£282
£302
£332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
126
pensions
-
-
-
233
other
-
-
-
33
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
451
Employee
371
-
839
-
social contributions
11
-
24
-
surtax
-
-
-
-
income
22
-
139
-
pensions
42
-
47
-
total
75
-
210
-
Employer
371
-
839
-
other
13
-
29
-
social contributions
1
-
3
-
unemployment
15
-
34
-
pensions
61
-
81
-
health
26
-
64
-
total
116
-
211
-
Corporate
563
1 050
-
-
surtax
-
-
-
-
income
158
294
-
-
total
158
294
-
-
Dividends
405
756
-
-
surtax
-
-
-
-
social contributions
70
130
-
-
withholding
52
97
-
-
total
122
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
471
521
421
451
After tax
579
529
629
599
Living cost
297
297
297
297
Free-cash
282
232
332
302

Estimated living cost  is £297 per week

£187
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.
£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

Source of data for Nice model

Close
Marseille , France
£262
£313
£332
£362
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
-
-
-
126
pensions
-
-
-
233
other
-
-
-
33
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
451
Employee
331
-
839
-
social contributions
9
-
24
-
surtax
-
-
-
-
income
17
-
139
-
pensions
37
-
47
-
total
63
-
210
-
Employer
331
-
839
-
other
11
-
29
-
social contributions
1
-
3
-
unemployment
13
-
34
-
pensions
54
-
81
-
health
23
-
64
-
total
102
-
211
-
Corporate
615
1 050
-
-
surtax
-
-
-
-
income
172
294
-
-
total
172
294
-
-
Dividends
443
756
-
-
surtax
-
-
-
-
social contributions
76
130
-
-
withholding
57
97
-
-
total
133
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
470
521
421
451
After tax
580
529
629
599
Living cost
267
267
267
267
Free-cash
313
262
362
332

Estimated living cost  is £267 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Marseille model

Close
Vilnius , Lithuania
£455
£460
£490
£483
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
health
-
-
-
73
social contributions
-
-
-
145
total
-
-
-
376
Employee
294
-
1 050
-
social contributions
41
-
145
-
health
21
-
73
-
income
49
-
165
-
total
111
-
383
-
Employer
294
-
1 050
-
total
-
-
-
-
Corporate
756
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%.

38
53
-
-
total
38
53
-
-
Dividends
718
997
-
-
health
50
70
-
-
social contributions
99
138
-
-
withholding
108
150
-
-
total
257
358
-
-
Income
1 050
1 050
1 050
1 050
Total tax
406
411
383
376
After tax
644
639
667
674
Living cost
184
184
184
184
Free-cash
460
455
483
490

Estimated living cost  is £184 per week

£123
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.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
£283
£267
£215
-£9
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
chamber of commerce
-
-
-
4
income
-
-
-
204
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
529
Employee
434
346
814
-
other
4
3
8
-
health
17
13
31
-
income
49
26
176
-
pensions
44
35
83
-
unemployment
13
10
24
-
total
127
87
322
-
Employer
434
346
814
-
accident
6
4
11
-
other
21
16
39
-
chamber of commerce
2
1
3
-
unemployment
13
10
24
-
surtax
2
2
2
-
pensions
54
43
102
-
payroll
13
10
24
-
health
16
13
31
-
total
127
99
236
-
Corporate
490
603
781
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

122
151
195
-
total
122
151
195
-
Dividends
367
452
-
-
withholding
101
124
-
-
total
101
124
-
-
Income
1 050
1 050
1 050
1 050
Total tax
477
461
753
529
After tax
573
589
297
521
Living cost
306
306
306
306
Free-cash
267
283
-9
215

Estimated living cost  is £306 per week

£204
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.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
£272
£143
£157
£81
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
-
-
-
356
communal

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

-
-
-
53
social contributions
-
-
-
168
total
-
-
-
577
Employee

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

621
-
813
-
communal

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

32
-
42
-
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.

29
-
38
-
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.

47
-
61
-
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.

5
-
7
-
national
191
-
268
-
total
304
-
416
-
Employer

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

621
-
813
-
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
-
surtax
70
-
92
-
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.

55
-
72
-
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.

38
-
50
-
total
180
-
237
-
Corporate
249
1 050
-
-
surtax
1
4
-
-
income
50
210
-
-
total
51
214
-
-
Dividends
198
836
-
-
withholding

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

56
248
-
-
total
56
248
-
-
Income
1 050
1 050
1 050
1 050
Total tax
591
462
653
577
After tax
459
588
397
473
Living cost
316
316
316
316
Free-cash
143
272
81
157

Estimated living cost  is £316 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£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

Source of data for Brussels model

Close
Barcelona , Spain
£392
£325
£267
£228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
7
income
-
-
-
228
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
470
Employee
432
-
796
-
other
-
-
1
-
income
91
-
205
-
pensions
20
-
37
-
unemployment
7
-
12
-
total
118
-
255
-
Employer
432
-
796
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
188
-
total
138
-
254
-
Corporate
481
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.

72
158
-
-
total
72
158
-
-
Dividends
408
892
-
-
withholding
84
187
-
-
total
84
187
-
-
Income
1 050
1 050
1 050
1 050
Total tax
412
345
509
470
After tax
638
705
541
580
Living cost
313
313
313
313
Free-cash
325
392
228
267

Estimated living cost  is £313 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£163
£85
£102
£144
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
accident
-
-
-
9
income
-
-
-
119
pensions
-
-
-
157
health
-
-
-
74
surtax
-
-
-
52
communal
-
-
-
66
total
-
-
-
477
Employee
657
-
938
-
health
29
-
42
-
surtax
40
-
57
-
income
63
-
149
-
pensions
53
-
75
-
total
185
-
323
-
Employer
657
-
938
-
accident
6
-
8
-
pensions
53
-
75
-
health
20
-
29
-
total
79
-
112
-
Corporate
315
1 050
-
-
surtax
3
11
-
-
communal
21
71
-
-
income
47
158
-
-
total
71
240
-
-
Dividends
243
811
-
-
income
123
54
-
-
withholding
36
122
-
-
total
159
176
-
-
Income
1 050
1 050
1 050
1 050
Total tax
494
416
435
477
After tax
556
634
615
573
Living cost
471
471
471
471
Free-cash
85
163
144
102

Estimated living cost  is £471 per week

£354
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

Source of data for Luxembourg model

Close
Athens , Greece
£465
£440
£316
£301
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
-
-
-
222
pensions
-
-
-
210
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
75
surtax
-
-
-
30
total
-
-
-
539
Employee
292
-
867
-
other
-
-
-
-
health
7
-
22
-
surtax
1
-
27
-
income
49
-
205
-
pensions
19
-
58
-
unemployment
20
-
60
-
total
96
-
372
-
Employer
292
-
867
-
other
-
-
-
-
unemployment
9
-
27
-
pensions
39
-
116
-
health
13
-
39
-
total
61
-
182
-
Corporate
696
1 050
-
-
income
181
273
-
-
total
181
273
-
-
Dividends
515
777
-
-
withholding
77
117
-
-
total
77
117
-
-
Income
1 050
1 050
1 050
1 050
Total tax
415
390
554
539
After tax
635
660
496
511
Living cost
195
195
195
195
Free-cash
440
465
301
316

Estimated living cost  is £195 per week

£118
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.
£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 of data for Athens model

Close
Naples , Italy
£318
£300
£288
£238
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
-
-
-
6
regional
-
-
-
16
national
-
-
-
236
social contributions
-
-
-
270
total
-
-
-
528
Employee
481
-
1 050
-
social contributions
162
-
354
-
regional
6
-
14
-
municipal
3
-
6
-
national
76
-
204
-
total
247
-
578
-
Employer
481
-
1 050
-
total
-
-
-
-
Corporate
569
1 050
-
-
nationa
136
252
-
-
municipal
28
52
-
-
total
164
304
-
-
Dividends
404
746
-
-
withholding
105
194
-
-
total
105
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
516
498
578
528
After tax
534
552
472
522
Living cost
234
234
234
234
Free-cash
300
318
238
288

Estimated living cost  is £234 per week

£145
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.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£467
£376
£263
£276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
91
health
-
-
-
142
solidarity contribution
-
-
-
-
social contributions
-
-
-
298
total
-
-
-
531
Employee
376
-
784
-
social contributions
24
-
51
-
health
51
-
106
-
solidarity contribution
-
-
-
-
income
45
-
94
-
total
120
-
251
-
Employer
376
-
784
-
social contributions
94
-
196
-
health
34
-
71
-
total
128
-
267
-
Corporate
546
1 050
-
-
income
104
199
-
-
total
104
199
-
-
Dividends
443
851
-
-
withholding
66
128
-
-
total
66
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
418
327
518
531
After tax
632
723
532
519
Living cost
256
256
256
256
Free-cash
376
467
276
263

Estimated living cost  is £256 per week

£190
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

Source of data for Prague model

Close
Graz , Austria
£313
£305
£246
£19
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
chamber of commerce
-
-
-
4
income
-
-
-
204
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
527
Employee
379
346
815
-
other
4
3
8
-
health
15
13
32
-
income
34
26
177
-
pensions
39
35
83
-
unemployment
11
10
24
-
total
103
87
324
-
Employer
379
346
815
-
accident
5
4
11
-
other
18
16
39
-
chamber of commerce
2
1
3
-
unemployment
11
10
24
-
surtax
-
-
-
-
pensions
48
43
102
-
payroll
11
10
24
-
health
14
13
31
-
total
109
97
234
-
Corporate
562
605
782
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

140
151
196
-
total
140
151
196
-
Dividends
421
454
-
-
withholding
116
125
-
-
total
116
125
-
-
Income
1 050
1 050
1 050
1 050
Total tax
468
460
754
527
After tax
582
590
296
523
Living cost
277
277
277
277
Free-cash
305
313
19
246

Estimated living cost  is £277 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£875
£851
£916
£717
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
154
-
1 050
-
income
31
-
210
-
total
31
-
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%.

896
1 050
-
-
total
-
-
-
-
Dividends
896
1 050
-
-
withholding
45
52
-
-
total
45
52
-
-
Income
1 050
1 050
1 050
1 050
Total tax
76
52
210
11
After tax
974
998
840
1 039
Living cost
123
123
123
123
Free-cash
851
875
717
916

Estimated living cost  is £123 per week

£83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£489
£417
£302
£271
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
-
-
-
218
pensions
-
-
-
192
unemployment
-
-
-
2
health
-
-
-
103
total
-
-
-
515
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.

384
-
909
-
health
25
-
59
-
income
66
-
203
-
pensions
59
-
141
-
unemployment
1
-
1
-
total
151
-
404
-
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.

384
-
909
-
unemployment
-
-
1
-
pensions
34
-
80
-
health
26
-
61
-
total
60
-
142
-
Corporate
607
1 050
-
-
income
115
200
-
-
total
115
200
-
-
Dividends
491
850
-
-
withholding
74
128
-
-
total
74
128
-
-
Income
1 050
1 050
1 050
1 050
Total tax
400
328
546
515
After tax
650
722
504
535
Living cost
233
233
233
233
Free-cash
417
489
271
302

Estimated living cost  is £233 per week

£160
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.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£264
-£246
£350
£561
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
537
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
537
-
-
-
social contributions
758
-
108
-
total
758
-
108
-
Corporate
-
1 050
-
-
income
-
231
-
-
total
-
231
-
-
Dividends
-
819
-
-
income
-
180
-
-
total
-
180
-
-
Income
1 050
1 050
1 050
1 050
Total tax
921
411
114
325
After tax
129
639
936
725
Living cost
375
375
375
375
Free-cash
-246
264
561
350

Estimated living cost  is £375 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£92
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£326
£316
£306
£241
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
-
-
-
107
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
472
Employee
399
-
848
-
social contributions
44
-
93
-
surtax
-
-
-
-
income
83
-
242
-
total
127
-
335
-
Employer
399
-
848
-
social contributions
95
-
202
-
total
95
-
202
-
Corporate
556
1 050
-
-
surtax
-
-
-
-
income
117
220
-
-
total
117
220
-
-
Dividends
439
830
-
-
withholding
123
232
-
-
total
123
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
462
452
537
472
After tax
588
598
513
578
Living cost
272
272
272
272
Free-cash
316
326
241
306

Estimated living cost  is £272 per week

£204
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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£110
£171
£180
£210
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
-
-
-
126
pensions
-
-
-
233
other
-
-
-
33
health
-
-
-
29
surtax
-
-
-
-
social contributions
-
-
-
30
total
-
-
-
451
Employee
543
-
839
-
social contributions
15
-
24
-
surtax
-
-
-
-
income
47
-
139
-
pensions
61
-
47
-
total
123
-
210
-
Employer
543
-
839
-
other
19
-
29
-
social contributions
2
-
3
-
unemployment
22
-
34
-
pensions
89
-
81
-
health
38
-
64
-
total
170
-
211
-
Corporate
337
1 050
-
-
surtax
-
-
-
-
income
94
294
-
-
total
94
294
-
-
Dividends
243
756
-
-
surtax
-
-
-
-
social contributions
42
130
-
-
withholding
31
97
-
-
total
73
227
-
-
Income
1 050
1 050
1 050
1 050
Total tax
460
521
421
451
After tax
590
529
629
599
Living cost
419
419
419
419
Free-cash
171
110
210
180

Estimated living cost  is £419 per week

£284
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.
£95
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£684
£655
£529
£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
-
-
-
29
social contributions
-
-
-
231
total
-
-
-
260
Employee
279
-
909
-
income
-
-
32
-
social contributions
18
-
59
-
total
18
-
91
-
Employer
279
-
909
-
social contributions
43
-
141
-
total
43
-
141
-
Corporate
728
1 050
-
-
income
73
105
-
-
total
73
105
-
-
Dividends
655
945
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
134
105
232
260
After tax
916
945
818
790
Living cost
261
261
261
261
Free-cash
655
684
557
529

Estimated living cost  is £261 per week

£169
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.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-£841
-£841
£222
-£841
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
-
-
-
205
pensions
-
-
-
8
national
-
-
-
114
labour market
-
-
-
83
total
-
-
-
410
Employee
1 763
1 763
1 763
-
labour market
141
141
141
-
national
215
215
215
-
municipal
376
376
376
-
pensions
3
3
3
-
total
735
735
735
-
Employer
1 763
1 763
1 763
-
labour market
141
141
141
-
municipal
376
376
376
-
pensions
5
5
5
-
national
216
216
216
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 050
1 050
1 050
1 050
Total tax
1 473
1 473
1 473
410
After tax
-423
-423
-423
640
Living cost
418
418
418
418
Free-cash
-841
-841
-841
222

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£102
£56
£532
£367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
2
income
-
-
-
271
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
331
Employee
294
-
917
-
health
34
-
105
-
income
40
-
193
-
pensions
33
-
66
-
total
107
-
364
-
Employer
294
-
917
-
accident
5
-
15
-
unemployment
7
-
22
-
pensions
48
-
95
-
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.

627
945
-
-
total
627
945
-
-
Dividends
70
105
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
807
965
496
331
After tax
243
85
554
719
Living cost
187
187
187
187
Free-cash
56
-102
367
532

Estimated living cost  is £187 per week

£136
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.

Source of data for Krakow model

Close
Helsinki , Finland
£352
£350
£391
£248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
13
national
-
-
-
126
total
-
-
-
326
Employee
456
-
883
-
health
3
-
10
-
municipal
75
-
144
-
pensions
31
-
60
-
unemployment
7
-
13
-
national
8
-
75
-
total
124
-
302
-
Employer
456
-
883
-
accident
-
-
1
-
unemployment
3
-
6
-
pensions
79
-
153
-
health
4
-
7
-
total
86
-
167
-
Corporate
507
1 050
-
-
income
101
210
-
-
total
101
210
-
-
Dividends

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

304
630
-
-
national
1
42
-
-
municipal
55
113
-
-
total
56
155
-
-
Income
1 050
1 050
1 050
1 050
Total tax
367
365
469
326
After tax
683
685
581
724
Living cost
333
333
333
333
Free-cash
350
352
248
391

Estimated living cost  is £333 per week

£218
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
£568
£520
£536
£523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
income
-
-
-
146
health
-
-
-
27
social contributions
-
-
-
140
total
-
-
-
313
Employee
667
667
958
-
social contributions
25
55
75
-
health
5
11
16
-
income
73
62
142
-
total
103
128
233
-
Employer
667
667
958
-
social contributions
25
55
75
-
health
6
12
18
-
total
31
67
93
-
Corporate
715
315
-
-
income
89
39
-
-
total
89
39
-
-
Dividends
626
276
-
-
withholding
106
47
-
-
total
106
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
329
281
326
313
After tax
721
769
724
737
Living cost
201
201
201
201
Free-cash
520
568
523
536

Estimated living cost  is £201 per week

£120
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.
£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.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£731
£686
£723
£550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 050
income
-
-
-
103
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
189
Employee

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

199
-
965
-
health
17
-
70
-
income
14
-
81
-
pensions
30
-
123
-
unemployment
1
-
4
-
total
62
-
278
-
Employer

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

199
-
965
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
35
-
total
21
-
84
-
Corporate
830
1 050
-
-
income
75
95
-
-
total
75
95
-
-
Dividends
756
955
-
-
withholding
68
86
-
-
total
68
86
-
-
Income
1 050
1 050
1 050
1 050
Total tax
226
181
362
189
After tax
824
869
688
861
Living cost
138
138
138
138
Free-cash
686
731
550
723

Estimated living cost  is £138 per week

£88
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

Source of data for Podgorica model

Close
Valencia , Spain
£466
£422
£341
£302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 050
accident
-
-
-
7
income
-
-
-
228
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
470
Employee
321
-
796
-
other
-
-
1
-
income
62
-
205
-
pensions
15
-
37
-
unemployment
5
-
12
-
total
82
-
255
-
Employer
321
-
796
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
188
-
total
103
-
254
-
Corporate
627
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.

94
158
-
-
total
94
158
-
-
Dividends
533
892
-
-
withholding
110
187
-
-
total
110
187
-
-
Income
1 050
1 050
1 050
1 050
Total tax
389
345
509
470
After tax
661
705
541
580
Living cost
239
239
239
239
Free-cash
422
466
302
341

Estimated living cost  is £239 per week

£161
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.
£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

Source of data for Valencia model

Close
Istanbul , Turkey
£631
£628
£644
£642
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
-
-
-
352
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
382
Employee
36
-
1 031
-
health
2
-
4
-
income
7
-
351
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
364
-
Employer
36
-
1 031
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 006
1 050
-
-
income
221
231
-
-
total
221
231
-
-
Dividends
784
819
-
-
withholding
157
164
-
-
total
157
164
-
-
Income
1 050
1 050
1 050
1 050
Total tax
398
395
384
382
After tax
652
655
666
668
Living cost
24
24
24
24
Free-cash
628
631
642
644

Estimated living cost  is £24 per week

£14
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£2
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£1
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£7
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£609
£564
£431
£431
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
-
-
-
226
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
469
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.

226
-
935
-
health
12
-
33
-
income
31
-
226
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
354
-
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.

226
-
935
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
784
1 050
-
-
income
118
157
-
-
total
118
157
-
-
Dividends
666
893
-
-
withholding
100
134
-
-
total
100
134
-
-
Income
1 050
1 050
1 050
1 050
Total tax
336
291
469
469
After tax
714
759
581
581
Living cost
150
150
150
150
Free-cash
564
609
431
431

Estimated living cost  is £150 per week

£101
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.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£364
£360
£344
£279
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
-
-
-
107
surtax
-
-
-
-
social contributions

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

-
-
-
365
total
-
-
-
472
Employee
337
-
848
-
social contributions
37
-
93
-
surtax
-
-
-
-
income
66
-
242
-
total
103
-
335
-
Employer
337
-
848
-
social contributions
80
-
202
-
total
80
-
202
-
Corporate
633
1 050
-
-
surtax
-
-
-
-
income
133
220
-
-
total
133
220
-
-
Dividends
500
830
-
-
withholding
140
232
-
-
total
140
232
-
-
Income
1 050
1 050
1 050
1 050
Total tax
456
452
537
472
After tax
594
598
513
578
Living cost
234
234
234
234
Free-cash
360
364
279
344

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£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.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
£400
£336
£275
£236
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
accident
-
-
-
7
income
-
-
-
228
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
470
Employee
419
-
796
-
other
-
-
1
-
income
88
-
205
-
pensions
20
-
37
-
unemployment
6
-
12
-
total
114
-
255
-
Employer
419
-
796
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
188
-
total
133
-
254
-
Corporate
497
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.

75
158
-
-
total
75
158
-
-
Dividends
423
892
-
-
withholding
87
187
-
-
total
87
187
-
-
Income
1 050
1 050
1 050
1 050
Total tax
409
345
509
470
After tax
641
705
541
580
Living cost
305
305
305
305
Free-cash
336
400
236
275

Estimated living cost  is £305 per week

£219
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.
£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

Source of data for Madrid model

Close
Sofia , Bulgaria
£749
£696
£663
£699
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
238
Employee
198
-
991
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
99
-
pensions

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

17
-
27
-
total
48
-
143
-
Employer
198
-
991
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
33
-
health
14
-
21
-
total
39
-
59
-
Corporate
814
1 050
-
-
income
81
105
-
-
total
81
105
-
-
Dividends
732
945
-
-
withholding
37
47
-
-
total
37
47
-
-
Income
1 050
1 050
1 050
1 050
Total tax
205
152
202
238
After tax
845
898
848
812
Living cost
149
149
149
149
Free-cash
696
749
699
663

Estimated living cost  is £149 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£205
£320
£276
£369
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
-
-
-
93
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.

-
-
-
272
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.

-
-
-
59
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
-
-
-
439
Employee

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

432
-
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.

59
-
59
-
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
-
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.

35
-
272
-
total
96
-
346
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
618
1 050
-
-
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
-
-
income
93
158
-
-
trade
89
151
-
-
chamber of commerce
2
3
-
-
total
189
321
-
-
Dividends
430
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
104
179
-
-
total
110
189
-
-
Income
1 050
1 050
1 050
1 050
Total tax
395
510
346
439
After tax
655
540
704
611
Living cost
335
335
335
335
Free-cash
320
205
369
276

Estimated living cost  is £335 per week

£231
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
£241
£261
£182
£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
income
-
-
-
277
social contributions
-
-
-
97
total
-
-
-
374
Employee
679
-
1 050
-
income
128
-
277
-
social contributions
56
-
97
-
total
184
-
374
-
Employer
679
-
1 050
-
total
-
-
-
-
Corporate
371
1 050
-
-
income
46
131
-
-
total
46
131
-
-
Dividends
325
919
-
-
withholding
65
184
-
-
total
65
184
-
-
Income
1 050
1 050
1 050
1 050
Total tax
295
315
374
374
After tax
755
735
676
676
Living cost
494
494
494
494
Free-cash
261
241
182
182

Estimated living cost  is £494 per week

£376
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.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
£321
£352
£430
£459
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
-
-
-
247
health

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

-
-
-
58
total
-
-
-
305
Employee
398
-
1 010
-
income
43
-
196
-
social contributions
40
-
40
-
total
83
-
236
-
Employer
398
-
1 010
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
612
1 050
-
-
income
214
368
-
-
total
214
368
-
-
Dividends
398
682
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 050
1 050
1 050
1 050
Total tax
383
414
276
305
After tax
667
636
774
745
Living cost
315
315
315
315
Free-cash
352
321
459
430

Estimated living cost  is £315 per week

£207
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.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£415
£413
£409
£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
-
-
-
1 050
income
-
-
-
248
pensions
-
-
-
69
total
-
-
-
317
Employee
445
-
922
-
health
6
-
15
-
income
81
-
183
-
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.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£120
£55
£514
£349
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
accident
-
-
-
2
income
-
-
-
271
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
331
Employee
323
-
917
-
health
37
-
105
-
income
44
-
193
-
pensions
36
-
66
-
total
117
-
364
-
Employer
323
-
917
-
accident
5
-
15
-
unemployment
8
-
22
-
pensions
52
-
95
-
total
65
-
132
-
Corporate
661
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.

595
945
-
-
total
595
945
-
-
Dividends
66
105
-
-
withholding
13
20
-
-
total
13
20
-
-
Income
1 050
1 050
1 050
1 050
Total tax
790
965
496
331
After tax
260
85
554
719
Living cost
205
205
205
205
Free-cash
55
-120
349
514

Estimated living cost  is £205 per week

£151
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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
£767
£726
£478
£578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
1 050
work injury
-
-
-
5
health insurance
-
-
-
78
income
-
-
-
166
pensions
-
-
-
193
unemployment
-
-
-
13
total
-
-
-
455
Employee

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

187
-
1 050
-
work injury
1
-
3
-
income
19
-
166
-
pensions
34
-
127
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
70
-
355
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
863
1 050
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

9
10
-
-
total
9
10
-
-
Dividends
854
1 040
-
-
withholding
128
156
-
-
total
128
156
-
-
Income
1 050
1 050
1 050
1 050
Total tax
207
166
355
455
After tax
843
884
695
595
Living cost
117
117
117
117
Free-cash
726
767
578
478

Estimated living cost  is £117 per week

£72
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.
£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.
£32
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
£207
£167
£168
£121
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
-
-
-
23
national
-
-
-
236
social contributions
-
-
-
270
total
-
-
-
536
Employee
731
-
1 050
-
social contributions
247
-
354
-
regional
11
-
19
-
municipal
4
-
6
-
national
124
-
204
-
total
386
-
583
-
Employer
731
-
1 050
-
total
-
-
-
-
Corporate
319
1 050
-
-
nationa
77
252
-
-
municipal
15
51
-
-
total
92
303
-
-
Dividends
227
747
-
-
withholding
59
194
-
-
total
59
194
-
-
Income
1 050
1 050
1 050
1 050
Total tax
537
497
583
536
After tax
513
553
467
514
Living cost
346
346
346
346
Free-cash
167
207
121
168

Estimated living cost  is £346 per week

£243
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.
£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.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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