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
£ 1100
per

Your estimated
City
free-cash

Dresden , Germany
£292
£389
£359
£469
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.

-
-
-
1 100
trade
-
-
-
110
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.

-
-
-
292
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.

-
-
-
16
total
-
-
-
477
Employee

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

333
-
1 100
-
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
-
16
-
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
-
292
-
total
69
-
367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
767
1 100
-
-
surtax

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

6
9
-
-
income
115
165
-
-
trade
121
173
-
-
chamber of commerce
2
3
-
-
total
244
350
-
-
Dividends
523
750
-
-
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
127
184
-
-
total
134
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
447
544
367
477
After tax
653
556
733
623
Living cost
264
264
264
264
Free-cash
389
292
469
359

Estimated living cost  is £264 per week

£166
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
£246
£240
£217
£225
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
-
-
-
1 100
municipal
-
-
-
117
pensions
-
-
-
132
national
-
-
-
182
social contributions
-
-
-
12
total
-
-
-
443
Employee
682
-
951
-
municipal
84
-
122
-
pensions
27
-
38
-
national
130
-
189
-
total
241
-
349
-
Employer
682
-
951
-
social contributions
7
-
10
-
pensions
55
-
76
-
total
62
-
86
-
Corporate
312
1 100
-
-
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%.

62
220
-
-
total
62
220
-
-
Dividends
249
880
-
-
withholding
55
194
-
-
total
55
194
-
-
Income
1 100
1 100
1 100
1 100
Total tax
420
414
435
443
After tax
680
686
665
657
Living cost
440
440
440
440
Free-cash
240
246
225
217

Estimated living cost  is £440 per week

£299
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
£699
£628
£140
£435
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.

-
-
-
1 100
microenterprise
-
-
-
-
income
-
-
-
166
surtax
-
-
-
280
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.

-
-
-
333
total
-
-
-
779
Employee
254
-
886
-
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
-
98
-
surtax
-
-
-
-
income
45
-
172
-
total
73
-
270
-
Employer
254
-
886
-
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
-
214
-
surtax
-
-
-
-
total
61
-
214
-
Corporate
784
1 100
-
-
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%.

157
220
-
-
total
157
220
-
-
Dividends

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

628
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
291
220
484
779
After tax
809
880
616
321
Living cost
181
181
181
181
Free-cash
628
699
435
140

Estimated living cost  is £181 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
£172
£119
£268
£243
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
-
-
-
1 100
income
-
-
-
258
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
467
Employee
743
743
938
-
health
114
97
107
-
income

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

122
122
122
-
pensions
134
102
102
-
total
370
321
331
-
Employer
743
743
938
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
236
227
-
-
income
47
45
-
-
total
47
45
-
-
Dividends
189
181
-
-
income
40
39
-
-
withholding
28
27
-
-
total
68
66
-
-
Income
1 100
1 100
1 100
1 100
Total tax
616
563
492
467
After tax
484
537
608
633
Living cost
365
365
365
365
Free-cash
119
172
243
268

Estimated living cost  is £365 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.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£265
£257
£248
£239
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
-
-
-
1 100
municipal
-
-
-
264
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
38
total
-
-
-
516
Employee
479
-
868
-
municipal
143
-
259
-
national
-
-
35
-
total
143
-
294
-
Employer
479
-
868
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
470
1 100
-
-
income
103
242
-
-
total
103
242
-
-
Dividends
367
858
-
-
withholding
110
257
-
-
total
110
257
-
-
Income
1 100
1 100
1 100
1 100
Total tax
507
499
525
516
After tax
593
601
575
584
Living cost
336
336
336
336
Free-cash
257
265
239
248

Estimated living cost  is £336 per week

£223
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
£208
£331
£277
£391
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.

-
-
-
1 100
trade
-
-
-
114
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.

-
-
-
292
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.

-
-
-
16
total
-
-
-
481
Employee

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

441
-
1 100
-
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
-
16
-
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
-
292
-
total
99
-
367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
659
1 100
-
-
surtax

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

5
9
-
-
income
99
165
-
-
trade
108
181
-
-
chamber of commerce
2
3
-
-
total
214
358
-
-
Dividends
444
742
-
-
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
108
182
-
-
total
114
192
-
-
Income
1 100
1 100
1 100
1 100
Total tax
427
550
367
481
After tax
673
550
733
619
Living cost
342
342
342
342
Free-cash
331
208
391
277

Estimated living cost  is £342 per week

£229
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
£522
£485
£488
£476
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
-
-
-
1 100
income
-
-
-
161
health
-
-
-
28
social contributions
-
-
-
141
total
-
-
-
330
Employee
669
669
1 006
-
social contributions
33
56
75
-
health
7
11
17
-
income
70
62
156
-
total
110
129
248
-
Employer
669
669
1 006
-
social contributions
33
56
75
-
health
7
12
19
-
total
40
68
94
-
Corporate
669
363
-
-
income
84
45
-
-
total
84
45
-
-
Dividends
585
318
-
-
withholding
99
54
-
-
total
99
54
-
-
Income
1 100
1 100
1 100
1 100
Total tax
333
296
342
330
After tax
767
804
758
770
Living cost
282
282
282
282
Free-cash
485
522
476
488

Estimated living cost  is £282 per week

£193
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.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£462
£464
£604
£480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
134
pensions
-
-
-
110
unemployment
-
-
-
17
health
-
-
-
77
total
-
-
-
338
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.

228
91
921
-
health
16
6
64
-
income
28
11
113
-
pensions
23
9
92
-
unemployment
3
1
14
-
total
70
27
283
-
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.

228
91
921
-
pensions
45
18
179
-
total
45
18
179
-
Corporate
827
991
-
-
income
74
89
-
-
total
74
89
-
-
Dividends
753
902
-
-
social contributions
146
175
-
-
withholding
143
171
-
-
total
289
346
-
-
Income
1 100
1 100
1 100
1 100
Total tax
478
480
462
338
After tax
622
620
638
762
Living cost
158
158
158
158
Free-cash
464
462
480
604

Estimated living cost  is £158 per week

£108
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
£670
£616
£380
£424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
147
pensions
-
-
-
220
health
-
-
-
143
total
-
-
-
510
Employee
247
-
822
-
income
28
-
159
-
pensions
5
-
16
-
unemployment
4
-
13
-
total
37
-
188
-
Employer
247
-
822
-
unemployment
2
-
7
-
pensions
49
-
164
-
health
32
-
107
-
total
83
-
278
-
Corporate
770
1 100
-
-
income
154
220
-
-
total
154
220
-
-
Dividends
616
880
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
274
220
466
510
After tax
826
880
634
590
Living cost
210
210
210
210
Free-cash
616
670
424
380

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.
£13
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
-£101
£60
£564
£393
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
-
-
-
1 100
accident
-
-
-
2
income
-
-
-
286
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
346
Employee
299
-
965
-
health
34
-
110
-
income
41
-
206
-
pensions
34
-
66
-
total
109
-
382
-
Employer
299
-
965
-
accident
5
-
16
-
unemployment
7
-
24
-
pensions
49
-
95
-
total
61
-
135
-
Corporate
740
1 100
-
-
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.

666
990
-
-
total
666
990
-
-
Dividends
74
110
-
-
withholding
14
21
-
-
total
14
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
850
1 011
517
346
After tax
250
89
583
754
Living cost
190
190
190
190
Free-cash
60
-101
393
564

Estimated living cost  is £190 per week

£139
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.
£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
£967
£952
£1011
£802
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%.

-
-
-
1 100
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
98
-
1 100
-
income
20
-
220
-
total
20
-
220
-
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%.

1 002
1 100
-
-
total
-
-
-
-
Dividends
1 002
1 100
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
70
55
220
11
After tax
1 030
1 045
880
1 089
Living cost
78
78
78
78
Free-cash
952
967
802
1 011

Estimated living cost  is £78 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
£576
£518
£357
£403
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
-
-
-
1 100
income
-
-
-
147
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.

-
-
-
264
other
-
-
-
52
health
-
-
-
48
total
-
-
-
511
Employee
316
-
879
-
health
4
-
12
-
income
54
-
162
-
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
-
61
-
unemployment
3
-
9
-
total
83
-
244
-
Employer
316
-
879
-
accident
3
-
7
-
other
16
-
44
-
unemployment
3
-
9
-
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
-
149
-
health
4
-
12
-
total
80
-
221
-
Corporate
704
1 100
-
-
income
148
231
-
-
total
148
231
-
-
Dividends
557
869
-
-
withholding
39
61
-
-
total
39
61
-
-
Income
1 100
1 100
1 100
1 100
Total tax
350
292
465
511
After tax
750
808
635
589
Living cost
232
232
232
232
Free-cash
518
576
403
357

Estimated living cost  is £232 per week

£164
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
£183
£119
£178
£76
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
-
-
-
1 100
income
-
-
-
268
pensions
-
-
-
70
total
-
-
-
338
Employee
826
-
965
-
health
14
-
16
-
income
149
-
200
-
pensions
80
-
89
-
total
243
-
305
-
Employer
826
-
965
-
pensions
98
-
117
-
health
16
-
18
-
total
114
-
135
-
Corporate
160
1 100
-
-
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.

30
209
-
-
total
30
209
-
-
Dividends
130
891
-
-
withholding
10
124
-
-
total
10
124
-
-
Income
1 100
1 100
1 100
1 100
Total tax
397
333
440
338
After tax
703
767
660
762
Living cost
584
584
584
584
Free-cash
119
183
76
178

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
£827
£786
£740
£778
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
-
-
-
1 100
income
-
-
-
165
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
-
-
-
246
Employee
151
-
1 040
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
104
-
pensions

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

13
-
27
-
total
37
-
148
-
Employer
151
-
1 040
-
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
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
919
1 100
-
-
income
92
110
-
-
total
92
110
-
-
Dividends
827
990
-
-
withholding
41
49
-
-
total
41
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
200
159
208
246
After tax
900
941
892
854
Living cost
114
114
114
114
Free-cash
786
827
778
740

Estimated living cost  is £114 per week

£67
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
£54
£77
£150
£125
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
-
-
-
1 100
income
-
-
-
258
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
467
Employee
807
743
938
-
health
101
97
107
-
income

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

122
122
122
-
pensions
102
102
102
-
total
325
321
331
-
Employer
807
743
938
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
152
227
-
-
income
30
45
-
-
total
30
45
-
-
Dividends
122
181
-
-
income
26
39
-
-
withholding
18
27
-
-
total
44
66
-
-
Income
1 100
1 100
1 100
1 100
Total tax
540
563
492
467
After tax
560
537
608
633
Living cost
483
483
483
483
Free-cash
77
54
125
150

Estimated living cost  is £483 per week

£356
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
£549
£474
£346
£350
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
-
-
-
1 100
income
-
-
-
98
health
-
-
-
148
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
546
Employee
306
-
821
-
social contributions
20
-
53
-
health
41
-
111
-
solidarity contribution
-
-
-
-
income
37
-
99
-
total
98
-
263
-
Employer
306
-
821
-
social contributions
77
-
205
-
health
28
-
74
-
total
105
-
279
-
Corporate
689
1 100
-
-
income
131
209
-
-
total
131
209
-
-
Dividends
558
891
-
-
withholding
84
134
-
-
total
84
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
418
343
542
546
After tax
682
757
558
554
Living cost
208
208
208
208
Free-cash
474
549
350
346

Estimated living cost  is £208 per week

£145
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.
£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 Brno model

Close
Milan , Italy
£220
£175
£180
£129
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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
13
national
-
-
-
250
social contributions
-
-
-
283
total
-
-
-
553
Employee
773
-
1 100
-
social contributions
261
-
371
-
regional
7
-
11
-
municipal
4
-
6
-
national
134
-
216
-
total
406
-
604
-
Employer
773
-
1 100
-
total
-
-
-
-
Corporate
327
1 100
-
-
nationa
78
264
-
-
municipal
13
43
-
-
total
91
307
-
-
Dividends
235
793
-
-
withholding
61
206
-
-
total
61
206
-
-
Income
1 100
1 100
1 100
1 100
Total tax
558
513
604
553
After tax
542
587
496
547
Living cost
367
367
367
367
Free-cash
175
220
129
180

Estimated living cost  is £367 per week

£256
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.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£500
£475
£338
£320
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
-
-
-
1 100
income
-
-
-
238
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
32
total
-
-
-
570
Employee
288
-
909
-
other
-
-
-
-
health
7
-
23
-
surtax
1
-
29
-
income
48
-
221
-
pensions
19
-
61
-
unemployment
20
-
63
-
total
95
-
397
-
Employer
288
-
909
-
other
-
-
-
-
unemployment
9
-
29
-
pensions
38
-
121
-
health
13
-
41
-
total
60
-
191
-
Corporate
752
1 100
-
-
income
195
286
-
-
total
195
286
-
-
Dividends
556
814
-
-
withholding
83
122
-
-
total
83
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
433
408
588
570
After tax
667
692
512
530
Living cost
192
192
192
192
Free-cash
475
500
320
338

Estimated living cost  is £192 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
£368
£356
£363
£261
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
-
-
-
1 100
income
-
-
-
268
pensions
-
-
-
70
total
-
-
-
338
Employee
554
-
965
-
health
8
-
16
-
income
100
-
200
-
pensions
47
-
89
-
total
155
-
305
-
Employer
554
-
965
-
pensions
60
-
117
-
health
11
-
18
-
total
71
-
135
-
Corporate
476
1 100
-
-
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.

90
209
-
-
total
90
209
-
-
Dividends
385
891
-
-
withholding
29
124
-
-
total
29
124
-
-
Income
1 100
1 100
1 100
1 100
Total tax
345
333
440
338
After tax
755
767
660
762
Living cost
399
399
399
399
Free-cash
356
368
261
363

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
-£155
£126
£249
£194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
city
-
-
-
12
pensions
-
-
-
101
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.

-
-
-
22
regional
-
-
-
45
health
-
-
-
2
national
-
-
-
11
total
-
-
-
193
Employee
770
-
985
-
city
8
-
11
-
regional
25
-
38
-
health
2
-
2
-
pensions
65
-
83
-
unemployment
-
-
-
-
national
4
-
9
-
total
104
-
143
-
Employer
770
-
985
-
other

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

15
-
20
-
unemployment
-
-
-
-
pensions
65
-
83
-
health
2
-
2
-
total
82
-
105
-
Corporate
240
1 100
-
-
regional
51
233
-
-
national
20
93
-
-
total
71
326
-
-
Dividends
169
774
-
-
withholding
59
271
-
-
total
59
271
-
-
Income
1 100
1 100
1 100
1 100
Total tax
316
597
248
193
After tax
784
503
852
907
Living cost
658
658
658
658
Free-cash
126
-155
194
249

Estimated living cost  is £658 per week

£428
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.
£163
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
£145
£287
£215
£334
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.

-
-
-
1 100
trade
-
-
-
119
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.

-
-
-
292
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.

-
-
-
16
total
-
-
-
486
Employee

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

523
-
1 100
-
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
-
16
-
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
-
292
-
total
123
-
367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
577
1 100
-
-
surtax

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

5
9
-
-
income
87
165
-
-
trade
99
189
-
-
chamber of commerce
2
3
-
-
total
193
366
-
-
Dividends
385
734
-
-
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
93
180
-
-
total
98
190
-
-
Income
1 100
1 100
1 100
1 100
Total tax
414
556
367
486
After tax
686
544
733
614
Living cost
399
399
399
399
Free-cash
287
145
334
215

Estimated living cost  is £399 per week

£291
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
£257
£308
£330
£355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
income
-
-
-
137
pensions
-
-
-
237
other
-
-
-
34
health
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
472
Employee
372
-
876
-
social contributions
11
-
25
-
surtax
-
-
-
-
income
22
-
148
-
pensions
42
-
50
-
total
75
-
223
-
Employer
372
-
876
-
other
13
-
30
-
social contributions
1
-
3
-
unemployment
15
-
35
-
pensions
61
-
87
-
health
26
-
69
-
total
116
-
224
-
Corporate
611
1 100
-
-
surtax
-
-
-
-
income
171
308
-
-
total
171
308
-
-
Dividends
440
792
-
-
surtax
-
-
-
-
social contributions
76
136
-
-
withholding
56
101
-
-
total
132
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
494
545
447
472
After tax
606
555
653
628
Living cost
298
298
298
298
Free-cash
308
257
355
330

Estimated living cost  is £298 per week

£188
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.
£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 Nice model

Close
Marseille , France
£287
£336
£360
£385
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
-
-
-
1 100
income
-
-
-
137
pensions
-
-
-
237
other
-
-
-
34
health
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
472
Employee
332
-
876
-
social contributions
9
-
25
-
surtax
-
-
-
-
income
17
-
148
-
pensions
38
-
50
-
total
64
-
223
-
Employer
332
-
876
-
other
11
-
30
-
social contributions
1
-
3
-
unemployment
13
-
35
-
pensions
55
-
87
-
health
23
-
69
-
total
103
-
224
-
Corporate
664
1 100
-
-
surtax
-
-
-
-
income
186
308
-
-
total
186
308
-
-
Dividends
478
792
-
-
surtax
-
-
-
-
social contributions
82
136
-
-
withholding
61
101
-
-
total
143
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
496
545
447
472
After tax
604
555
653
628
Living cost
268
268
268
268
Free-cash
336
287
385
360

Estimated living cost  is £268 per week

£156
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
£486
£490
£521
£511
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
-
-
-
1 100
income
-
-
-
165
health
-
-
-
77
social contributions
-
-
-
152
total
-
-
-
394
Employee
295
-
1 100
-
social contributions
41
-
152
-
health
21
-
77
-
income
49
-
175
-
total
111
-
404
-
Employer
295
-
1 100
-
total
-
-
-
-
Corporate
805
1 100
-
-
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%.

40
55
-
-
total
40
55
-
-
Dividends
765
1 045
-
-
health
53
73
-
-
social contributions
106
144
-
-
withholding
115
157
-
-
total
274
374
-
-
Income
1 100
1 100
1 100
1 100
Total tax
425
429
404
394
After tax
675
671
696
706
Living cost
185
185
185
185
Free-cash
490
486
511
521

Estimated living cost  is £185 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
£307
£290
£244
-£4
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
-
-
-
1 100
chamber of commerce
-
-
-
4
income
-
-
-
224
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
549
Employee
435
347
853
-
other
4
3
9
-
health
17
13
33
-
income
50
26
189
-
pensions
45
36
87
-
unemployment
13
10
26
-
total
129
88
344
-
Employer
435
347
853
-
accident
6
5
11
-
other
21
16
41
-
chamber of commerce
2
1
3
-
unemployment
13
10
26
-
surtax
2
2
2
-
pensions
55
44
107
-
payroll
13
10
26
-
health
16
13
32
-
total
128
101
248
-
Corporate
538
652
820
-
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.

135
163
205
-
total
135
163
205
-
Dividends
404
489
-
-
withholding
111
134
-
-
total
111
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
503
486
797
549
After tax
597
614
303
551
Living cost
307
307
307
307
Free-cash
290
307
-4
244

Estimated living cost  is £307 per week

£205
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
£299
£170
£175
£96
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
-
-
-
1 100
national
-
-
-
377
communal

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

-
-
-
56
social contributions
-
-
-
175
total
-
-
-
608
Employee

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

622
-
852
-
communal

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

32
-
44
-
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
-
40
-
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
-
64
-
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
-
285
-
total
304
-
440
-
Employer

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

622
-
852
-
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
71
-
97
-
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
-
75
-
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
-
52
-
total
181
-
247
-
Corporate
296
1 100
-
-
surtax
1
4
-
-
income
59
220
-
-
total
60
224
-
-
Dividends
236
876
-
-
withholding

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

68
260
-
-
total
68
260
-
-
Income
1 100
1 100
1 100
1 100
Total tax
613
484
687
608
After tax
487
616
413
492
Living cost
317
317
317
317
Free-cash
170
299
96
175

Estimated living cost  is £317 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
£424
£359
£298
£256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
accident
-
-
-
7
income
-
-
-
246
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
488
Employee
433
-
843
-
other
-
-
1
-
income
91
-
222
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
274
-
Employer
433
-
843
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
529
1 100
-
-
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.

79
165
-
-
total
79
165
-
-
Dividends
449
935
-
-
withholding
92
197
-
-
total
92
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
427
362
530
488
After tax
673
738
570
612
Living cost
314
314
314
314
Free-cash
359
424
256
298

Estimated living cost  is £314 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
£191
£106
£119
£162
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
-
-
-
1 100
accident
-
-
-
9
income
-
-
-
132
pensions
-
-
-
165
health
-
-
-
77
surtax
-
-
-
55
communal
-
-
-
70
total
-
-
-
508
Employee
659
-
983
-
health
29
-
44
-
surtax
40
-
60
-
income
64
-
164
-
pensions
53
-
79
-
total
186
-
347
-
Employer
659
-
983
-
accident
6
-
9
-
pensions
53
-
79
-
health
20
-
30
-
total
79
-
118
-
Corporate
362
1 100
-
-
surtax
4
12
-
-
communal
24
74
-
-
income
54
165
-
-
total
82
251
-
-
Dividends
280
849
-
-
income
132
58
-
-
withholding
42
127
-
-
total
174
185
-
-
Income
1 100
1 100
1 100
1 100
Total tax
521
436
465
508
After tax
579
664
635
592
Living cost
473
473
473
473
Free-cash
106
191
162
119

Estimated living cost  is £473 per week

£355
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
£497
£470
£335
£317
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
-
-
-
1 100
income
-
-
-
238
pensions
-
-
-
220
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
78
surtax
-
-
-
32
total
-
-
-
570
Employee
293
-
909
-
other
-
-
-
-
health
7
-
23
-
surtax
1
-
29
-
income
49
-
221
-
pensions
20
-
61
-
unemployment
20
-
63
-
total
97
-
397
-
Employer
293
-
909
-
other
-
-
-
-
unemployment
9
-
29
-
pensions
39
-
121
-
health
13
-
41
-
total
61
-
191
-
Corporate
745
1 100
-
-
income
194
286
-
-
total
194
286
-
-
Dividends
551
814
-
-
withholding
83
122
-
-
total
83
122
-
-
Income
1 100
1 100
1 100
1 100
Total tax
435
408
588
570
After tax
665
692
512
530
Living cost
195
195
195
195
Free-cash
470
497
317
335

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
£344
£325
£309
£258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
17
national
-
-
-
250
social contributions
-
-
-
283
total
-
-
-
557
Employee
483
-
1 100
-
social contributions
163
-
371
-
regional
6
-
15
-
municipal
3
-
6
-
national
76
-
216
-
total
248
-
608
-
Employer
483
-
1 100
-
total
-
-
-
-
Corporate
617
1 100
-
-
nationa
148
264
-
-
municipal
31
55
-
-
total
179
319
-
-
Dividends
438
781
-
-
withholding
114
203
-
-
total
114
203
-
-
Income
1 100
1 100
1 100
1 100
Total tax
541
522
608
557
After tax
559
578
492
543
Living cost
234
234
234
234
Free-cash
325
344
258
309

Estimated living cost  is £234 per week

£146
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
£500
£409
£297
£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
-
-
-
1 100
income
-
-
-
98
health
-
-
-
148
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
546
Employee
378
-
821
-
social contributions
25
-
53
-
health
51
-
111
-
solidarity contribution
-
-
-
-
income
45
-
99
-
total
121
-
263
-
Employer
378
-
821
-
social contributions
94
-
205
-
health
34
-
74
-
total
128
-
279
-
Corporate
594
1 100
-
-
income
113
209
-
-
total
113
209
-
-
Dividends
481
891
-
-
withholding
72
134
-
-
total
72
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
434
343
542
546
After tax
666
757
558
554
Living cost
257
257
257
257
Free-cash
409
500
301
297

Estimated living cost  is £257 per week

£191
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
£337
£331
£275
£26
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
-
-
-
1 100
chamber of commerce
-
-
-
4
income
-
-
-
224
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
547
Employee
380
347
854
-
other
4
3
9
-
health
15
13
33
-
income
34
26
190
-
pensions
39
36
87
-
unemployment
11
10
26
-
total
103
88
345
-
Employer
380
347
854
-
accident
5
5
11
-
other
18
16
41
-
chamber of commerce
2
1
3
-
unemployment
11
10
26
-
surtax
-
-
-
-
pensions
48
44
107
-
payroll
11
10
26
-
health
14
13
32
-
total
109
99
246
-
Corporate
610
653
821
-
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.

153
163
205
-
total
153
163
205
-
Dividends
458
490
-
-
withholding
126
135
-
-
total
126
135
-
-
Income
1 100
1 100
1 100
1 100
Total tax
491
485
796
547
After tax
609
615
304
553
Living cost
278
278
278
278
Free-cash
331
337
26
275

Estimated living cost  is £278 per week

£167
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
£923
£900
£967
£758
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%.

-
-
-
1 100
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
153
-
1 100
-
income
31
-
220
-
total
31
-
220
-
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%.

947
1 100
-
-
total
-
-
-
-
Dividends
947
1 100
-
-
withholding
47
55
-
-
total
47
55
-
-
Income
1 100
1 100
1 100
1 100
Total tax
78
55
220
11
After tax
1 022
1 045
880
1 089
Living cost
122
122
122
122
Free-cash
900
923
758
967

Estimated living cost  is £122 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.
£30
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
£524
£450
£326
£295
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 100
income
-
-
-
230
pensions
-
-
-
201
unemployment
-
-
-
2
health
-
-
-
108
total
-
-
-
541
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.

385
-
952
-
health
25
-
61
-
income
66
-
214
-
pensions
60
-
148
-
unemployment
1
-
1
-
total
152
-
424
-
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.

385
-
952
-
unemployment
-
-
1
-
pensions
34
-
84
-
health
26
-
63
-
total
60
-
148
-
Corporate
655
1 100
-
-
income
125
209
-
-
total
125
209
-
-
Dividends
531
891
-
-
withholding
80
134
-
-
total
80
134
-
-
Income
1 100
1 100
1 100
1 100
Total tax
417
343
572
541
After tax
683
757
528
559
Living cost
233
233
233
233
Free-cash
450
524
295
326

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
£293
-£199
£385
£610
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
-
-
-
1 100
income
-
-
-
214
social contributions
-
-
-
125
total
-
-
-
339
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
-
1 100
-
-
income
-
242
-
-
total
-
242
-
-
Dividends
-
858
-
-
income
-
189
-
-
total
-
189
-
-
Income
1 100
1 100
1 100
1 100
Total tax
923
431
114
339
After tax
177
669
986
761
Living cost
376
376
376
376
Free-cash
-199
293
610
385

Estimated living cost  is £376 per week

£244
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
£353
£344
£331
£260
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.

-
-
-
1 100
income
-
-
-
114
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
496
Employee
400
-
889
-
social contributions
44
-
98
-
surtax
-
-
-
-
income
83
-
258
-
total
127
-
356
-
Employer
400
-
889
-
social contributions
95
-
211
-
total
95
-
211
-
Corporate
605
1 100
-
-
surtax
-
-
-
-
income
127
231
-
-
total
127
231
-
-
Dividends
478
869
-
-
withholding
134
243
-
-
total
134
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
483
474
567
496
After tax
617
626
533
604
Living cost
273
273
273
273
Free-cash
344
353
260
331

Estimated living cost  is £273 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
£135
£192
£208
£233
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
-
-
-
1 100
income
-
-
-
137
pensions
-
-
-
237
other
-
-
-
34
health
-
-
-
33
surtax
-
-
-
-
social contributions
-
-
-
31
total
-
-
-
472
Employee
545
-
876
-
social contributions
16
-
25
-
surtax
-
-
-
-
income
48
-
148
-
pensions
62
-
50
-
total
126
-
223
-
Employer
545
-
876
-
other
19
-
30
-
social contributions
2
-
3
-
unemployment
22
-
35
-
pensions
90
-
87
-
health
38
-
69
-
total
171
-
224
-
Corporate
385
1 100
-
-
surtax
-
-
-
-
income
108
308
-
-
total
108
308
-
-
Dividends
277
792
-
-
surtax
-
-
-
-
social contributions
48
136
-
-
withholding
35
101
-
-
total
83
237
-
-
Income
1 100
1 100
1 100
1 100
Total tax
488
545
447
472
After tax
612
555
653
628
Living cost
420
420
420
420
Free-cash
192
135
233
208

Estimated living cost  is £420 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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£728
£699
£563
£592
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
-
-
-
1 100
income
-
-
-
33
social contributions
-
-
-
242
total
-
-
-
275
Employee
280
-
952
-
income
-
-
36
-
social contributions
18
-
62
-
total
18
-
98
-
Employer
280
-
952
-
social contributions
43
-
148
-
total
43
-
148
-
Corporate
777
1 100
-
-
income
78
110
-
-
total
78
110
-
-
Dividends
699
990
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
139
110
246
275
After tax
961
990
854
825
Living cost
262
262
262
262
Free-cash
699
728
592
563

Estimated living cost  is £262 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
-£797
-£797
£250
-£797
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
-
-
-
1 100
municipal
-
-
-
216
pensions
-
-
-
8
national
-
-
-
120
labour market
-
-
-
87
total
-
-
-
431
Employee
1 770
1 770
1 770
-
labour market
141
141
141
-
national
216
216
216
-
municipal
377
377
377
-
pensions
3
3
3
-
total
737
737
737
-
Employer
1 770
1 770
1 770
-
labour market
142
142
142
-
municipal
377
377
377
-
pensions
5
5
5
-
national
217
217
217
-
total
741
741
741
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 100
1 100
1 100
1 100
Total tax
1 478
1 478
1 478
431
After tax
-378
-378
-378
669
Living cost
419
419
419
419
Free-cash
-797
-797
-797
250

Estimated living cost  is £419 per week

£287
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.
£89
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
-£98
£62
£567
£396
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
-
-
-
1 100
accident
-
-
-
2
income
-
-
-
286
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
346
Employee
295
-
965
-
health
34
-
110
-
income
40
-
206
-
pensions
33
-
66
-
total
107
-
382
-
Employer
295
-
965
-
accident
5
-
16
-
unemployment
7
-
24
-
pensions
48
-
95
-
total
60
-
135
-
Corporate
745
1 100
-
-
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.

670
990
-
-
total
670
990
-
-
Dividends
74
110
-
-
withholding
14
21
-
-
total
14
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
851
1 011
517
346
After tax
249
89
583
754
Living cost
187
187
187
187
Free-cash
62
-98
396
567

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
£380
£382
£421
£270
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

-
-
-
1 100
municipal
-
-
-
196
health
-
-
-
13
national
-
-
-
136
total
-
-
-
345
Employee
458
-
925
-
health
3
-
11
-
municipal
75
-
151
-
pensions
31
-
62
-
unemployment
7
-
14
-
national
8
-
83
-
total
124
-
321
-
Employer
458
-
925
-
accident
-
-
1
-
unemployment
3
-
6
-
pensions
79
-
161
-
health
4
-
7
-
total
86
-
175
-
Corporate
556
1 100
-
-
income
111
220
-
-
total
111
220
-
-
Dividends

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

333
660
-
-
national
3
47
-
-
municipal
60
119
-
-
total
63
166
-
-
Income
1 100
1 100
1 100
1 100
Total tax
384
386
496
345
After tax
716
714
604
755
Living cost
334
334
334
334
Free-cash
382
380
270
421

Estimated living cost  is £334 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
£603
£555
£569
£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
-
-
-
1 100
income
-
-
-
161
health
-
-
-
28
social contributions
-
-
-
141
total
-
-
-
330
Employee
669
669
1 006
-
social contributions
25
56
75
-
health
5
11
17
-
income
73
62
156
-
total
103
129
248
-
Employer
669
669
1 006
-
social contributions
25
56
75
-
health
6
12
19
-
total
31
68
94
-
Corporate
764
363
-
-
income
96
45
-
-
total
96
45
-
-
Dividends
669
318
-
-
withholding
114
54
-
-
total
114
54
-
-
Income
1 100
1 100
1 100
1 100
Total tax
344
296
342
330
After tax
756
804
758
770
Living cost
201
201
201
201
Free-cash
555
603
557
569

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£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.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£773
£728
£768
£592
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
-
-
-
1 100
income
-
-
-
108
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
194
Employee

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

200
-
1 015
-
health
17
-
70
-
income
14
-
87
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
285
-
Employer

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

200
-
1 015
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
880
1 100
-
-
income
79
99
-
-
total
79
99
-
-
Dividends
801
1 001
-
-
withholding
72
90
-
-
total
72
90
-
-
Income
1 100
1 100
1 100
1 100
Total tax
234
189
370
194
After tax
866
911
730
906
Living cost
138
138
138
138
Free-cash
728
773
592
768

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
£499
£456
£373
£331
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
-
-
-
1 100
accident
-
-
-
7
income
-
-
-
246
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
488
Employee
322
-
843
-
other
-
-
1
-
income
62
-
222
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
274
-
Employer
322
-
843
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
676
1 100
-
-
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.

101
165
-
-
total
101
165
-
-
Dividends
574
935
-
-
withholding
119
197
-
-
total
119
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
405
362
530
488
After tax
695
738
570
612
Living cost
239
239
239
239
Free-cash
456
499
331
373

Estimated living cost  is £239 per week

£162
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.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£662
£659
£677
£675
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
-
-
-
1 100
income
-
-
-
369
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
399
Employee
36
-
1 080
-
health
2
-
4
-
income
7
-
368
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
381
-
Employer
36
-
1 080
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 056
1 100
-
-
income
232
242
-
-
total
232
242
-
-
Dividends
823
858
-
-
withholding
165
172
-
-
total
165
172
-
-
Income
1 100
1 100
1 100
1 100
Total tax
417
414
401
399
After tax
683
686
699
701
Living cost
24
24
24
24
Free-cash
659
662
675
677

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
£644
£600
£467
£467
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.

-
-
-
1 100
income
-
-
-
239
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
482
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.

227
-
985
-
health
12
-
33
-
income
31
-
239
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
367
-
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.

227
-
985
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
832
1 100
-
-
income
125
165
-
-
total
125
165
-
-
Dividends
708
935
-
-
withholding
106
140
-
-
total
106
140
-
-
Income
1 100
1 100
1 100
1 100
Total tax
349
305
482
482
After tax
751
795
618
618
Living cost
150
150
150
150
Free-cash
600
644
467
467

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
£391
£388
£369
£298
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.

-
-
-
1 100
income
-
-
-
114
surtax
-
-
-
-
social contributions

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

-
-
-
382
total
-
-
-
496
Employee
338
-
889
-
social contributions
37
-
98
-
surtax
-
-
-
-
income
66
-
258
-
total
103
-
356
-
Employer
338
-
889
-
social contributions
80
-
211
-
total
80
-
211
-
Corporate
682
1 100
-
-
surtax
-
-
-
-
income
143
231
-
-
total
143
231
-
-
Dividends
539
869
-
-
withholding
151
243
-
-
total
151
243
-
-
Income
1 100
1 100
1 100
1 100
Total tax
477
474
567
496
After tax
623
626
533
604
Living cost
235
235
235
235
Free-cash
388
391
298
369

Estimated living cost  is £235 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
£432
£369
£306
£264
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
-
-
-
1 100
accident
-
-
-
7
income
-
-
-
246
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
488
Employee
420
-
843
-
other
-
-
1
-
income
88
-
222
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
274
-
Employer
420
-
843
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
546
1 100
-
-
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.

82
165
-
-
total
82
165
-
-
Dividends
464
935
-
-
withholding
95
197
-
-
total
95
197
-
-
Income
1 100
1 100
1 100
1 100
Total tax
425
362
530
488
After tax
675
738
570
612
Living cost
306
306
306
306
Free-cash
369
432
264
306

Estimated living cost  is £306 per week

£220
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
£791
£738
£704
£742
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
-
-
-
1 100
income
-
-
-
165
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
-
-
-
246
Employee
198
-
1 040
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
104
-
pensions

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

17
-
27
-
total
48
-
148
-
Employer
198
-
1 040
-
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
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
863
1 100
-
-
income
86
110
-
-
total
86
110
-
-
Dividends
776
990
-
-
withholding
39
49
-
-
total
39
49
-
-
Income
1 100
1 100
1 100
1 100
Total tax
212
159
208
246
After tax
888
941
892
854
Living cost
150
150
150
150
Free-cash
738
791
742
704

Estimated living cost  is £150 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.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£231
£345
£297
£397
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.

-
-
-
1 100
trade
-
-
-
100
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.

-
-
-
292
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.

-
-
-
16
total
-
-
-
467
Employee

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

433
-
1 100
-
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
-
16
-
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.

36
-
292
-
total
97
-
367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
667
1 100
-
-
surtax

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

5
9
-
-
income
100
165
-
-
trade
96
158
-
-
chamber of commerce
2
3
-
-
total
203
335
-
-
Dividends
463
765
-
-
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
113
188
-
-
total
119
198
-
-
Income
1 100
1 100
1 100
1 100
Total tax
419
533
367
467
After tax
681
567
733
633
Living cost
336
336
336
336
Free-cash
345
231
397
297

Estimated living cost  is £336 per week

£232
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
£274
£294
£205
£205
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
-
-
-
1 100
income
-
-
-
296
social contributions
-
-
-
103
total
-
-
-
399
Employee
681
-
1 100
-
income
128
-
296
-
social contributions
57
-
103
-
total
185
-
399
-
Employer
681
-
1 100
-
total
-
-
-
-
Corporate
419
1 100
-
-
income
52
138
-
-
total
52
138
-
-
Dividends
367
962
-
-
withholding
73
192
-
-
total
73
192
-
-
Income
1 100
1 100
1 100
1 100
Total tax
310
330
399
399
After tax
790
770
701
701
Living cost
496
496
496
496
Free-cash
294
274
205
205

Estimated living cost  is £496 per week

£377
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
£353
£384
£478
£493
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.

-
-
-
1 100
income
-
-
-
248
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
-
-
-
306
Employee
399
-
1 060
-
income
43
-
211
-
social contributions
40
-
40
-
total
83
-
251
-
Employer
399
-
1 060
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
661
1 100
-
-
income
231
385
-
-
total
231
385
-
-
Dividends
430
715
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 100
1 100
1 100
1 100
Total tax
400
431
291
306
After tax
700
669
809
794
Living cost
316
316
316
316
Free-cash
384
353
493
478

Estimated living cost  is £316 per week

£208
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
£443
£451
£438
£336
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
-
-
-
1 100
income
-
-
-
268
pensions
-
-
-
70
total
-
-
-
338
Employee
445
-
965
-
health
6
-
16
-
income
81
-
200
-
pensions
34
-
89
-
total
121
-
305
-
Employer
445
-
965
-
pensions
45
-
117
-
health
8
-
18
-
total
53
-
135
-
Corporate
601
1 100
-
-
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.

114
209
-
-
total
114
209
-
-
Dividends
487
891
-
-
withholding
37
124
-
-
total
37
124
-
-
Income
1 100
1 100
1 100
1 100
Total tax
325
333
440
338
After tax
775
767
660
762
Living cost
324
324
324
324
Free-cash
451
443
336
438

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
-£117
£59
£548
£377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 100
accident
-
-
-
2
income
-
-
-
286
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
346
Employee
324
-
965
-
health
37
-
110
-
income
44
-
206
-
pensions
36
-
66
-
total
117
-
382
-
Employer
324
-
965
-
accident
5
-
16
-
unemployment
8
-
24
-
pensions
53
-
95
-
total
66
-
135
-
Corporate
710
1 100
-
-
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.

639
990
-
-
total
639
990
-
-
Dividends
71
110
-
-
withholding
13
21
-
-
total
13
21
-
-
Income
1 100
1 100
1 100
1 100
Total tax
835
1 011
517
346
After tax
265
89
583
754
Living cost
206
206
206
206
Free-cash
59
-117
377
548

Estimated living cost  is £206 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
£808
£767
£506
£617
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.

-
-
-
1 100
work injury
-
-
-
5
health insurance
-
-
-
81
income
-
-
-
175
pensions
-
-
-
202
unemployment
-
-
-
13
total
-
-
-
476
Employee

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

188
-
1 100
-
work injury
1
-
3
-
income
19
-
175
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
365
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
912
1 100
-
-
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
11
-
-
total
9
11
-
-
Dividends
903
1 089
-
-
withholding
135
163
-
-
total
135
163
-
-
Income
1 100
1 100
1 100
1 100
Total tax
215
174
365
476
After tax
885
926
735
624
Living cost
118
118
118
118
Free-cash
767
808
617
506

Estimated living cost  is £118 per week

£73
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.
£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 Skopje model

Close
Rome , Italy
£232
£193
£189
£138
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
-
-
-
1 100
municipal
-
-
-
7
regional
-
-
-
24
national
-
-
-
250
social contributions
-
-
-
283
total
-
-
-
564
Employee
733
-
1 100
-
social contributions
247
-
371
-
regional
11
-
21
-
municipal
4
-
7
-
national
124
-
216
-
total
386
-
615
-
Employer
733
-
1 100
-
total
-
-
-
-
Corporate
367
1 100
-
-
nationa
88
264
-
-
municipal
18
53
-
-
total
106
317
-
-
Dividends
261
783
-
-
withholding
68
204
-
-
total
68
204
-
-
Income
1 100
1 100
1 100
1 100
Total tax
560
521
615
564
After tax
540
579
485
536
Living cost
347
347
347
347
Free-cash
193
232
138
189

Estimated living cost  is £347 per week

£244
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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