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
£ 1150
per

Your estimated
City
free-cash

Dresden , Germany
£317
£413
£380
£497
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.

-
-
-
1 150
trade
-
-
-
117
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.

-
-
-
313
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.

-
-
-
17
total
-
-
-
506
Employee

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

333
-
1 150
-
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
-
17
-
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
-
313
-
total
69
-
389
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
817
1 150
-
-
surtax

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

7
9
-
-
income
123
172
-
-
trade
129
181
-
-
chamber of commerce
2
3
-
-
total
261
365
-
-
Dividends
557
784
-
-
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
11
-
-
withholding
136
193
-
-
total
143
204
-
-
Income
1 150
1 150
1 150
1 150
Total tax
473
569
389
506
After tax
677
581
761
644
Living cost
264
264
264
264
Free-cash
413
317
497
380

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
£278
£271
£246
£253
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
-
-
-
1 150
municipal
-
-
-
123
pensions
-
-
-
138
national
-
-
-
191
social contributions
-
-
-
12
total
-
-
-
464
Employee
682
-
994
-
municipal
84
-
128
-
pensions
27
-
40
-
national
130
-
198
-
total
241
-
366
-
Employer
682
-
994
-
social contributions
7
-
11
-
pensions
55
-
80
-
total
62
-
91
-
Corporate
362
1 150
-
-
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%.

72
230
-
-
total
72
230
-
-
Dividends
289
920
-
-
withholding
64
202
-
-
total
64
202
-
-
Income
1 150
1 150
1 150
1 150
Total tax
439
432
457
464
After tax
711
718
693
686
Living cost
440
440
440
440
Free-cash
271
278
253
246

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
£739
£668
£165
£464
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.

-
-
-
1 150
microenterprise
-
-
-
-
income
-
-
-
178
surtax
-
-
-
293
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
-
-
-
804
Employee
254
-
927
-
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
-
102
-
surtax
-
-
-
-
income
45
-
180
-
total
73
-
282
-
Employer
254
-
927
-
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
-
223
-
surtax
-
-
-
-
total
61
-
223
-
Corporate
834
1 150
-
-
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%.

167
230
-
-
total
167
230
-
-
Dividends

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

668
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
301
230
505
804
After tax
849
920
645
346
Living cost
181
181
181
181
Free-cash
668
739
464
165

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
£198
£144
£297
£293
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
-
-
-
1 150
income
-
-
-
279
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
488
Employee
743
743
988
-
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
988
-
unemployment
27
27
33
-
pensions
52
52
64
-
health
52
52
64
-
total
131
131
161
-
Corporate
286
277
-
-
income
57
55
-
-
total
57
55
-
-
Dividends
229
221
-
-
income
49
47
-
-
withholding
34
33
-
-
total
83
80
-
-
Income
1 150
1 150
1 150
1 150
Total tax
641
587
492
488
After tax
509
563
658
662
Living cost
365
365
365
365
Free-cash
144
198
293
297

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
£292
£284
£273
£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
-
-
-
1 150
municipal
-
-
-
279
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
48
total
-
-
-
541
Employee
479
-
918
-
municipal
143
-
274
-
national
-
-
45
-
total
143
-
319
-
Employer
479
-
918
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
19
-
pensions
52
-
80
-
health
29
-
45
-
total
151
-
231
-
Corporate
520
1 150
-
-
income
114
253
-
-
total
114
253
-
-
Dividends
406
897
-
-
withholding
122
269
-
-
total
122
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
530
522
550
541
After tax
620
628
600
609
Living cost
336
336
336
336
Free-cash
284
292
264
273

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
£234
£356
£296
£419
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.

-
-
-
1 150
trade
-
-
-
123
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.

-
-
-
313
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.

-
-
-
17
total
-
-
-
512
Employee

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

441
-
1 150
-
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
-
17
-
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
-
313
-
total
99
-
389
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
709
1 150
-
-
surtax

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

6
9
-
-
income
106
172
-
-
trade
117
189
-
-
chamber of commerce
2
3
-
-
total
231
373
-
-
Dividends
478
776
-
-
surtax

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

6
10
-
-
withholding
116
191
-
-
total
122
201
-
-
Income
1 150
1 150
1 150
1 150
Total tax
452
574
389
512
After tax
698
576
761
638
Living cost
342
342
342
342
Free-cash
356
234
419
296

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
£558
£521
£523
£510
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
-
-
-
1 150
income
-
-
-
175
health
-
-
-
29
social contributions
-
-
-
141
total
-
-
-
345
Employee
669
669
1 056
-
social contributions
33
56
75
-
health
7
11
18
-
income
70
62
170
-
total
110
129
263
-
Employer
669
669
1 056
-
social contributions
33
56
75
-
health
7
12
20
-
total
40
68
95
-
Corporate
719
413
-
-
income
90
52
-
-
total
90
52
-
-
Dividends
629
361
-
-
withholding
107
61
-
-
total
107
61
-
-
Income
1 150
1 150
1 150
1 150
Total tax
347
310
358
345
After tax
803
840
792
805
Living cost
282
282
282
282
Free-cash
521
558
510
523

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
£489
£491
£638
£509
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
-
-
-
1 150
income
-
-
-
141
pensions
-
-
-
115
unemployment
-
-
-
17
health
-
-
-
81
total
-
-
-
354
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
962
-
health
16
6
67
-
income
28
11
118
-
pensions
23
9
96
-
unemployment
3
1
14
-
total
70
27
295
-
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
962
-
pensions
45
18
188
-
total
45
18
188
-
Corporate
877
1 041
-
-
income
79
94
-
-
total
79
94
-
-
Dividends
798
948
-
-
social contributions
155
184
-
-
withholding
152
180
-
-
total
307
364
-
-
Income
1 150
1 150
1 150
1 150
Total tax
501
503
483
354
After tax
649
647
667
796
Living cost
158
158
158
158
Free-cash
491
489
509
638

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
£710
£656
£407
£452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
154
pensions
-
-
-
230
health
-
-
-
149
total
-
-
-
533
Employee
247
-
859
-
income
28
-
166
-
pensions
5
-
17
-
unemployment
4
-
14
-
total
37
-
197
-
Employer
247
-
859
-
unemployment
2
-
7
-
pensions
49
-
172
-
health
32
-
112
-
total
83
-
291
-
Corporate
820
1 150
-
-
income
164
230
-
-
total
164
230
-
-
Dividends
656
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
284
230
488
533
After tax
866
920
662
617
Living cost
210
210
210
210
Free-cash
656
710
452
407

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
-£97
£64
£598
£422
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
-
-
-
1 150
accident
-
-
-
2
income
-
-
-
302
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
362
Employee
299
-
1 013
-
health
34
-
116
-
income
41
-
219
-
pensions
34
-
66
-
total
109
-
401
-
Employer
299
-
1 013
-
accident
5
-
17
-
unemployment
7
-
25
-
pensions
49
-
95
-
total
61
-
137
-
Corporate
790
1 150
-
-
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.

711
1 035
-
-
total
711
1 035
-
-
Dividends
79
115
-
-
withholding
15
22
-
-
total
15
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
896
1 057
538
362
After tax
254
93
612
788
Living cost
190
190
190
190
Free-cash
64
-97
422
598

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
£1015
£999
£1060
£842
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
98
-
1 150
-
income
20
-
230
-
total
20
-
230
-
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%.

1 052
1 150
-
-
total
-
-
-
-
Dividends
1 052
1 150
-
-
withholding
53
57
-
-
total
53
57
-
-
Income
1 150
1 150
1 150
1 150
Total tax
73
57
230
12
After tax
1 077
1 093
920
1 138
Living cost
78
78
78
78
Free-cash
999
1 015
842
1 060

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
£612
£555
£381
£430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
155
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.

-
-
-
276
other
-
-
-
55
health
-
-
-
51
total
-
-
-
537
Employee
316
-
919
-
health
4
-
13
-
income
54
-
171
-
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
-
64
-
unemployment
3
-
9
-
total
83
-
257
-
Employer
316
-
919
-
accident
3
-
7
-
other
16
-
46
-
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
-
156
-
health
4
-
13
-
total
80
-
231
-
Corporate
754
1 150
-
-
income
158
242
-
-
total
158
242
-
-
Dividends
596
908
-
-
withholding
42
64
-
-
total
42
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
363
306
488
537
After tax
787
844
662
613
Living cost
232
232
232
232
Free-cash
555
612
430
381

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
£211
£156
£208
£101
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
-
-
-
1 150
income
-
-
-
287
pensions
-
-
-
71
total
-
-
-
358
Employee
826
-
1 008
-
health
14
-
16
-
income
149
-
217
-
pensions
80
-
90
-
total
243
-
323
-
Employer
826
-
1 008
-
pensions
98
-
123
-
health
16
-
19
-
total
114
-
142
-
Corporate
210
1 150
-
-
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.

40
218
-
-
total
40
218
-
-
Dividends
170
932
-
-
withholding
13
137
-
-
total
13
137
-
-
Income
1 150
1 150
1 150
1 150
Total tax
410
355
465
358
After tax
740
795
685
792
Living cost
584
584
584
584
Free-cash
156
211
101
208

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
£869
£828
£783
£823
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
-
-
-
1 150
income
-
-
-
172
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
-
-
-
253
Employee
151
-
1 090
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
109
-
pensions

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

13
-
27
-
total
37
-
153
-
Employer
151
-
1 090
-
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
969
1 150
-
-
income
97
115
-
-
total
97
115
-
-
Dividends
872
1 035
-
-
withholding
44
52
-
-
total
44
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
208
167
213
253
After tax
942
983
937
897
Living cost
114
114
114
114
Free-cash
828
869
823
783

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
£80
£103
£179
£175
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
-
-
-
1 150
income
-
-
-
279
pensions
-
-
-
102
health
-
-
-
107
total
-
-
-
488
Employee
807
743
988
-
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
988
-
unemployment
29
27
33
-
pensions
56
52
64
-
health
56
52
64
-
total
141
131
161
-
Corporate
202
277
-
-
income
40
55
-
-
total
40
55
-
-
Dividends
162
221
-
-
income
34
47
-
-
withholding
24
33
-
-
total
58
80
-
-
Income
1 150
1 150
1 150
1 150
Total tax
564
587
492
488
After tax
586
563
658
662
Living cost
483
483
483
483
Free-cash
103
80
175
179

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
£584
£509
£383
£375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
104
health
-
-
-
155
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
559
Employee
306
-
858
-
social contributions
20
-
56
-
health
41
-
116
-
solidarity contribution
-
-
-
-
income
37
-
103
-
total
98
-
275
-
Employer
306
-
858
-
social contributions
77
-
215
-
health
28
-
77
-
total
105
-
292
-
Corporate
739
1 150
-
-
income
140
218
-
-
total
140
218
-
-
Dividends
599
932
-
-
withholding
90
140
-
-
total
90
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
433
358
567
559
After tax
717
792
583
591
Living cost
208
208
208
208
Free-cash
509
584
375
383

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
£246
£201
£203
£148
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
-
-
-
1 150
municipal
-
-
-
7
regional
-
-
-
13
national
-
-
-
264
social contributions
-
-
-
296
total
-
-
-
580
Employee
773
-
1 150
-
social contributions
261
-
388
-
regional
7
-
12
-
municipal
4
-
6
-
national
134
-
229
-
total
406
-
635
-
Employer
773
-
1 150
-
total
-
-
-
-
Corporate
377
1 150
-
-
nationa
90
276
-
-
municipal
15
45
-
-
total
105
321
-
-
Dividends
272
829
-
-
withholding
71
216
-
-
total
71
216
-
-
Income
1 150
1 150
1 150
1 150
Total tax
582
537
635
580
After tax
568
613
515
570
Living cost
367
367
367
367
Free-cash
201
246
148
203

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
£531
£506
£355
£337
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
-
-
-
1 150
income
-
-
-
254
pensions
-
-
-
230
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
35
total
-
-
-
603
Employee
288
-
950
-
other
-
-
-
-
health
7
-
24
-
surtax
1
-
32
-
income
48
-
236
-
pensions
19
-
63
-
unemployment
20
-
66
-
total
95
-
421
-
Employer
288
-
950
-
other
-
-
-
-
unemployment
9
-
30
-
pensions
38
-
127
-
health
13
-
43
-
total
60
-
200
-
Corporate
802
1 150
-
-
income
208
299
-
-
total
208
299
-
-
Dividends
593
851
-
-
withholding
89
128
-
-
total
89
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
452
427
621
603
After tax
698
723
529
547
Living cost
192
192
192
192
Free-cash
506
531
337
355

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
£396
£393
£393
£286
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
-
-
-
1 150
income
-
-
-
287
pensions
-
-
-
71
total
-
-
-
358
Employee
554
-
1 008
-
health
8
-
16
-
income
100
-
217
-
pensions
47
-
90
-
total
155
-
323
-
Employer
554
-
1 008
-
pensions
60
-
123
-
health
11
-
19
-
total
71
-
142
-
Corporate
526
1 150
-
-
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.

100
218
-
-
total
100
218
-
-
Dividends
426
932
-
-
withholding
32
137
-
-
total
32
137
-
-
Income
1 150
1 150
1 150
1 150
Total tax
358
355
465
358
After tax
792
795
685
792
Living cost
399
399
399
399
Free-cash
393
396
286
393

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
-£132
£149
£288
£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
-
-
-
1 150
city
-
-
-
12
pensions
-
-
-
106
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.

-
-
-
23
regional
-
-
-
48
health
-
-
-
3
national
-
-
-
12
total
-
-
-
204
Employee
770
-
1 029
-
city
8
-
11
-
regional
25
-
41
-
health
2
-
2
-
pensions
65
-
86
-
unemployment
-
-
-
-
national
4
-
10
-
total
104
-
150
-
Employer
770
-
1 029
-
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
-
21
-
unemployment
-
-
-
-
pensions
65
-
86
-
health
2
-
2
-
total
82
-
109
-
Corporate
290
1 150
-
-
regional
61
243
-
-
national
25
98
-
-
total
86
341
-
-
Dividends
204
809
-
-
withholding
71
283
-
-
total
71
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
343
624
259
204
After tax
807
526
891
946
Living cost
658
658
658
658
Free-cash
149
-132
233
288

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
£171
£312
£234
£362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
trade
-
-
-
128
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.

-
-
-
313
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.

-
-
-
17
total
-
-
-
517
Employee

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

523
-
1 150
-
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
-
17
-
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
-
313
-
total
123
-
389
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
627
1 150
-
-
surtax

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

5
9
-
-
income
94
172
-
-
trade
108
197
-
-
chamber of commerce
2
3
-
-
total
209
381
-
-
Dividends
418
768
-
-
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
101
189
-
-
total
107
199
-
-
Income
1 150
1 150
1 150
1 150
Total tax
439
580
389
517
After tax
711
570
761
633
Living cost
399
399
399
399
Free-cash
312
171
362
234

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
£282
£333
£355
£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
-
-
-
1 150
income
-
-
-
149
pensions
-
-
-
242
other
-
-
-
36
health
-
-
-
37
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
497
Employee
372
-
912
-
social contributions
11
-
26
-
surtax
-
-
-
-
income
22
-
157
-
pensions
42
-
54
-
total
75
-
237
-
Employer
372
-
912
-
other
13
-
32
-
social contributions
1
-
3
-
unemployment
15
-
37
-
pensions
61
-
93
-
health
26
-
73
-
total
116
-
238
-
Corporate
661
1 150
-
-
surtax
-
-
-
-
income
185
322
-
-
total
185
322
-
-
Dividends
476
828
-
-
surtax
-
-
-
-
social contributions
82
142
-
-
withholding
61
106
-
-
total
143
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
519
570
475
497
After tax
631
580
675
653
Living cost
298
298
298
298
Free-cash
333
282
377
355

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
£312
£361
£385
£407
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
-
-
-
1 150
income
-
-
-
149
pensions
-
-
-
242
other
-
-
-
36
health
-
-
-
37
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
497
Employee
332
-
912
-
social contributions
9
-
26
-
surtax
-
-
-
-
income
17
-
157
-
pensions
38
-
54
-
total
64
-
237
-
Employer
332
-
912
-
other
11
-
32
-
social contributions
1
-
3
-
unemployment
13
-
37
-
pensions
55
-
93
-
health
23
-
73
-
total
103
-
238
-
Corporate
714
1 150
-
-
surtax
-
-
-
-
income
200
322
-
-
total
200
322
-
-
Dividends
514
828
-
-
surtax
-
-
-
-
social contributions
88
142
-
-
withholding
66
106
-
-
total
154
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
521
570
475
497
After tax
629
580
675
653
Living cost
268
268
268
268
Free-cash
361
312
407
385

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
£517
£520
£554
£541
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
-
-
-
1 150
income
-
-
-
172
health
-
-
-
80
social contributions
-
-
-
159
total
-
-
-
411
Employee
295
-
1 150
-
social contributions
41
-
159
-
health
21
-
80
-
income
49
-
185
-
total
111
-
424
-
Employer
295
-
1 150
-
total
-
-
-
-
Corporate
855
1 150
-
-
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%.

43
57
-
-
total
43
57
-
-
Dividends
812
1 093
-
-
health
57
76
-
-
social contributions
112
151
-
-
withholding
122
164
-
-
total
291
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
445
448
424
411
After tax
705
702
726
739
Living cost
185
185
185
185
Free-cash
520
517
541
554

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
£334
£318
£272
£3
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
-
-
-
1 150
chamber of commerce
-
-
-
5
income
-
-
-
245
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
571
Employee
435
347
892
-
other
4
3
9
-
health
17
13
35
-
income
50
26
203
-
pensions
45
36
91
-
unemployment
13
10
27
-
total
129
88
365
-
Employer
435
347
892
-
accident
6
5
12
-
other
21
16
42
-
chamber of commerce
2
1
4
-
unemployment
13
10
27
-
surtax
2
2
2
-
pensions
55
44
112
-
payroll
13
10
27
-
health
16
13
34
-
total
128
101
260
-
Corporate
588
702
859
-
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.

147
175
215
-
total
147
175
215
-
Dividends
441
526
-
-
withholding
121
145
-
-
total
121
145
-
-
Income
1 150
1 150
1 150
1 150
Total tax
525
509
840
571
After tax
625
641
310
579
Living cost
307
307
307
307
Free-cash
318
334
3
272

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
£327
£198
£195
£108
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
-
-
-
1 150
national
-
-
-
398
communal

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

-
-
-
58
social contributions
-
-
-
182
total
-
-
-
638
Employee

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

622
-
891
-
communal

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

32
-
46
-
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
-
42
-
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
-
67
-
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
-
8
-
national
191
-
302
-
total
304
-
465
-
Employer

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

622
-
891
-
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
-
12
-
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
-
13
-
surtax
71
-
101
-
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
-
79
-
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
-
55
-
total
181
-
260
-
Corporate
346
1 150
-
-
surtax
1
5
-
-
income
69
230
-
-
total
70
235
-
-
Dividends
276
915
-
-
withholding

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

80
271
-
-
total
80
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
635
506
725
638
After tax
515
644
425
512
Living cost
317
317
317
317
Free-cash
198
327
108
195

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
£458
£392
£329
£288
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
-
-
-
1 150
accident
-
-
-
7
income
-
-
-
265
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
507
Employee
433
-
893
-
other
-
-
1
-
income
91
-
240
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
118
-
292
-
Employer
433
-
893
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
44
-
pensions
102
-
190
-
total
138
-
256
-
Corporate
579
1 150
-
-
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.

87
172
-
-
total
87
172
-
-
Dividends
492
978
-
-
withholding
101
206
-
-
total
101
206
-
-
Income
1 150
1 150
1 150
1 150
Total tax
444
378
548
507
After tax
706
772
602
643
Living cost
314
314
314
314
Free-cash
392
458
288
329

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
£219
£129
£138
£185
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
-
-
-
1 150
accident
-
-
-
10
income
-
-
-
146
pensions
-
-
-
172
health
-
-
-
81
surtax
-
-
-
57
communal
-
-
-
73
total
-
-
-
539
Employee
659
-
1 027
-
health
29
-
46
-
surtax
40
-
63
-
income
64
-
179
-
pensions
53
-
82
-
total
186
-
370
-
Employer
659
-
1 027
-
accident
6
-
9
-
pensions
53
-
82
-
health
20
-
31
-
total
79
-
122
-
Corporate
412
1 150
-
-
surtax
4
12
-
-
communal
28
78
-
-
income
62
172
-
-
total
94
262
-
-
Dividends
318
888
-
-
income
141
63
-
-
withholding
48
133
-
-
total
189
196
-
-
Income
1 150
1 150
1 150
1 150
Total tax
548
458
492
539
After tax
602
692
658
611
Living cost
473
473
473
473
Free-cash
129
219
185
138

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
£528
£502
£352
£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
-
-
-
1 150
income
-
-
-
254
pensions
-
-
-
230
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
82
surtax
-
-
-
35
total
-
-
-
603
Employee
293
-
950
-
other
-
-
-
-
health
7
-
24
-
surtax
1
-
32
-
income
49
-
236
-
pensions
20
-
63
-
unemployment
20
-
66
-
total
97
-
421
-
Employer
293
-
950
-
other
-
-
-
-
unemployment
9
-
30
-
pensions
39
-
127
-
health
13
-
43
-
total
61
-
200
-
Corporate
795
1 150
-
-
income
207
299
-
-
total
207
299
-
-
Dividends
588
851
-
-
withholding
88
128
-
-
total
88
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
453
427
621
603
After tax
697
723
529
547
Living cost
195
195
195
195
Free-cash
502
528
334
352

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
£371
£352
£332
£278
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
-
-
-
1 150
municipal
-
-
-
7
regional
-
-
-
17
national
-
-
-
264
social contributions
-
-
-
296
total
-
-
-
584
Employee
483
-
1 150
-
social contributions
163
-
388
-
regional
6
-
15
-
municipal
3
-
6
-
national
76
-
229
-
total
248
-
638
-
Employer
483
-
1 150
-
total
-
-
-
-
Corporate
667
1 150
-
-
nationa
160
276
-
-
municipal
33
57
-
-
total
193
333
-
-
Dividends
474
817
-
-
withholding
123
212
-
-
total
123
212
-
-
Income
1 150
1 150
1 150
1 150
Total tax
564
545
638
584
After tax
586
605
512
566
Living cost
234
234
234
234
Free-cash
352
371
278
332

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
£535
£444
£334
£326
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
-
-
-
1 150
income
-
-
-
104
health
-
-
-
155
solidarity contribution
-
-
-
-
social contributions
-
-
-
300
total
-
-
-
559
Employee
378
-
858
-
social contributions
25
-
56
-
health
51
-
116
-
solidarity contribution
-
-
-
-
income
45
-
103
-
total
121
-
275
-
Employer
378
-
858
-
social contributions
94
-
215
-
health
34
-
77
-
total
128
-
292
-
Corporate
644
1 150
-
-
income
122
218
-
-
total
122
218
-
-
Dividends
522
932
-
-
withholding
78
140
-
-
total
78
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
449
358
567
559
After tax
701
792
583
591
Living cost
257
257
257
257
Free-cash
444
535
326
334

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
£364
£359
£303
£34
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
-
-
-
1 150
chamber of commerce
-
-
-
5
income
-
-
-
245
pensions
-
-
-
188
unemployment
-
-
-
53
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
569
Employee
380
347
893
-
other
4
3
9
-
health
15
13
35
-
income
34
26
203
-
pensions
39
36
91
-
unemployment
11
10
27
-
total
103
88
365
-
Employer
380
347
893
-
accident
5
5
12
-
other
18
16
42
-
chamber of commerce
2
1
4
-
unemployment
11
10
27
-
surtax
-
-
-
-
pensions
48
44
112
-
payroll
11
10
27
-
health
14
13
34
-
total
109
99
258
-
Corporate
660
703
860
-
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.

165
176
215
-
total
165
176
215
-
Dividends
495
528
-
-
withholding
136
145
-
-
total
136
145
-
-
Income
1 150
1 150
1 150
1 150
Total tax
513
508
838
569
After tax
637
642
312
581
Living cost
278
278
278
278
Free-cash
359
364
34
303

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
£971
£947
£1016
£798
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%.

-
-
-
1 150
microenterprise

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

-
-
-
12
total
-
-
-
12
Employee
153
-
1 150
-
income
31
-
230
-
total
31
-
230
-
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%.

997
1 150
-
-
total
-
-
-
-
Dividends
997
1 150
-
-
withholding
50
57
-
-
total
50
57
-
-
Income
1 150
1 150
1 150
1 150
Total tax
81
57
230
12
After tax
1 069
1 093
920
1 138
Living cost
122
122
122
122
Free-cash
947
971
798
1 016

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
£558
£485
£348
£318
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.

-
-
-
1 150
income
-
-
-
244
pensions
-
-
-
210
unemployment
-
-
-
2
health
-
-
-
113
total
-
-
-
569
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
-
995
-
health
25
-
64
-
income
66
-
225
-
pensions
60
-
154
-
unemployment
1
-
1
-
total
152
-
444
-
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
-
995
-
unemployment
-
-
1
-
pensions
34
-
88
-
health
26
-
66
-
total
60
-
155
-
Corporate
705
1 150
-
-
income
134
219
-
-
total
134
219
-
-
Dividends
571
931
-
-
withholding
86
140
-
-
total
86
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
432
359
599
569
After tax
718
791
551
581
Living cost
233
233
233
233
Free-cash
485
558
318
348

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
£324
-£149
£419
£660
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
-
-
-
1 150
income
-
-
-
224
social contributions
-
-
-
131
total
-
-
-
355
Employee
539
-
-
-
social contributions
44
-
6
-
income
119
-
-
-
total
163
-
6
-
Employer
539
-
-
-
social contributions
760
-
108
-
total
760
-
108
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
923
450
114
355
After tax
227
700
1 036
795
Living cost
376
376
376
376
Free-cash
-149
324
660
419

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
£381
£373
£355
£280
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.

-
-
-
1 150
income
-
-
-
122
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
522
Employee
400
-
929
-
social contributions
44
-
102
-
surtax
-
-
-
-
income
83
-
274
-
total
127
-
376
-
Employer
400
-
929
-
social contributions
95
-
221
-
total
95
-
221
-
Corporate
655
1 150
-
-
surtax
-
-
-
-
income
137
242
-
-
total
137
242
-
-
Dividends
517
908
-
-
withholding
145
254
-
-
total
145
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
504
496
597
522
After tax
646
654
553
628
Living cost
273
273
273
273
Free-cash
373
381
280
355

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
£160
£217
£233
£255
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
-
-
-
1 150
income
-
-
-
149
pensions
-
-
-
242
other
-
-
-
36
health
-
-
-
37
surtax
-
-
-
-
social contributions
-
-
-
33
total
-
-
-
497
Employee
545
-
912
-
social contributions
16
-
26
-
surtax
-
-
-
-
income
48
-
157
-
pensions
62
-
54
-
total
126
-
237
-
Employer
545
-
912
-
other
19
-
32
-
social contributions
2
-
3
-
unemployment
22
-
37
-
pensions
90
-
93
-
health
38
-
73
-
total
171
-
238
-
Corporate
435
1 150
-
-
surtax
-
-
-
-
income
122
322
-
-
total
122
322
-
-
Dividends
313
828
-
-
surtax
-
-
-
-
social contributions
54
142
-
-
withholding
40
106
-
-
total
94
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
513
570
475
497
After tax
637
580
675
653
Living cost
420
420
420
420
Free-cash
217
160
255
233

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
£773
£744
£598
£629
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
-
-
-
1 150
income
-
-
-
37
social contributions
-
-
-
253
total
-
-
-
290
Employee
280
-
996
-
income
-
-
40
-
social contributions
18
-
65
-
total
18
-
105
-
Employer
280
-
996
-
social contributions
43
-
154
-
total
43
-
154
-
Corporate
827
1 150
-
-
income
83
115
-
-
total
83
115
-
-
Dividends
744
1 035
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
144
115
259
290
After tax
1 006
1 035
891
860
Living cost
262
262
262
262
Free-cash
744
773
629
598

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
-£747
-£747
£282
-£747
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
-
-
-
1 150
municipal
-
-
-
228
pensions
-
-
-
8
national
-
-
-
122
labour market
-
-
-
91
total
-
-
-
449
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
1 150
1 150
1 150
1 150
Total tax
1 478
1 478
1 478
449
After tax
-328
-328
-328
701
Living cost
419
419
419
419
Free-cash
-747
-747
-747
282

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
-£94
£66
£601
£425
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
-
-
-
1 150
accident
-
-
-
2
income
-
-
-
302
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
362
Employee
295
-
1 013
-
health
34
-
116
-
income
40
-
219
-
pensions
33
-
66
-
total
107
-
401
-
Employer
295
-
1 013
-
accident
5
-
17
-
unemployment
7
-
25
-
pensions
48
-
95
-
total
60
-
137
-
Corporate
795
1 150
-
-
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.

715
1 035
-
-
total
715
1 035
-
-
Dividends
79
115
-
-
withholding
15
22
-
-
total
15
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
897
1 057
538
362
After tax
253
93
612
788
Living cost
187
187
187
187
Free-cash
66
-94
425
601

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
£409
£416
£452
£294
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

-
-
-
1 150
municipal
-
-
-
204
health
-
-
-
14
national
-
-
-
146
total
-
-
-
364
Employee
458
-
967
-
health
3
-
11
-
municipal
75
-
158
-
pensions
31
-
65
-
unemployment
7
-
15
-
national
8
-
91
-
total
124
-
340
-
Employer
458
-
967
-
accident
-
-
1
-
unemployment
3
-
6
-
pensions
79
-
168
-
health
4
-
7
-
total
86
-
182
-
Corporate
606
1 150
-
-
income
121
230
-
-
total
121
230
-
-
Dividends

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

363
690
-
-
national
4
53
-
-
municipal
65
124
-
-
total
69
177
-
-
Income
1 150
1 150
1 150
1 150
Total tax
400
407
522
364
After tax
750
743
628
786
Living cost
334
334
334
334
Free-cash
416
409
294
452

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
£639
£592
£604
£591
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
-
-
-
1 150
income
-
-
-
175
health
-
-
-
29
social contributions
-
-
-
141
total
-
-
-
345
Employee
669
669
1 056
-
social contributions
25
56
75
-
health
5
11
18
-
income
73
62
170
-
total
103
129
263
-
Employer
669
669
1 056
-
social contributions
25
56
75
-
health
6
12
20
-
total
31
68
95
-
Corporate
814
413
-
-
income
102
52
-
-
total
102
52
-
-
Dividends
712
361
-
-
withholding
121
61
-
-
total
121
61
-
-
Income
1 150
1 150
1 150
1 150
Total tax
357
310
358
345
After tax
793
840
792
805
Living cost
201
201
201
201
Free-cash
592
639
591
604

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
£814
£769
£812
£637
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
-
-
-
1 150
income
-
-
-
114
pensions
-
-
-
55
unemployment
-
-
-
-
health
-
-
-
31
total
-
-
-
200
Employee

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

200
-
1 065
-
health
17
-
70
-
income
14
-
92
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
290
-
Employer

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

200
-
1 065
-
unemployment
1
-
4
-
pensions
11
-
45
-
health
9
-
36
-
total
21
-
85
-
Corporate
930
1 150
-
-
income
84
104
-
-
total
84
104
-
-
Dividends
846
1 046
-
-
withholding
76
94
-
-
total
76
94
-
-
Income
1 150
1 150
1 150
1 150
Total tax
243
198
375
200
After tax
907
952
775
950
Living cost
138
138
138
138
Free-cash
769
814
637
812

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
£533
£489
£404
£363
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
accident
-
-
-
7
income
-
-
-
265
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
507
Employee
322
-
893
-
other
-
-
1
-
income
62
-
240
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
292
-
Employer
322
-
893
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
44
-
pensions
76
-
190
-
total
103
-
256
-
Corporate
726
1 150
-
-
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.

109
172
-
-
total
109
172
-
-
Dividends
617
978
-
-
withholding
128
206
-
-
total
128
206
-
-
Income
1 150
1 150
1 150
1 150
Total tax
422
378
548
507
After tax
728
772
602
643
Living cost
239
239
239
239
Free-cash
489
533
363
404

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
£694
£691
£709
£707
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
-
-
-
1 150
income
-
-
-
387
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
417
Employee
36
-
1 130
-
health
2
-
4
-
income
7
-
386
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
399
-
Employer
36
-
1 130
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 106
1 150
-
-
income
243
253
-
-
total
243
253
-
-
Dividends
862
897
-
-
withholding
172
179
-
-
total
172
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
435
432
419
417
After tax
715
718
731
733
Living cost
24
24
24
24
Free-cash
691
694
707
709

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
£680
£637
£505
£505
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.

-
-
-
1 150
income
-
-
-
251
pensions
-
-
-
167
unemployment
-
-
-
10
health
-
-
-
66
total
-
-
-
494
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
-
1 035
-
health
12
-
33
-
income
31
-
251
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
379
-
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
-
1 035
-
unemployment
2
-
5
-
pensions
27
-
77
-
health
12
-
33
-
total
41
-
115
-
Corporate
882
1 150
-
-
income
132
173
-
-
total
132
173
-
-
Dividends
750
977
-
-
withholding
113
147
-
-
total
113
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
363
320
494
494
After tax
787
830
656
656
Living cost
150
150
150
150
Free-cash
637
680
505
505

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
£419
£416
£393
£318
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.

-
-
-
1 150
income
-
-
-
122
surtax
-
-
-
-
social contributions

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

-
-
-
400
total
-
-
-
522
Employee
338
-
929
-
social contributions
37
-
102
-
surtax
-
-
-
-
income
66
-
274
-
total
103
-
376
-
Employer
338
-
929
-
social contributions
80
-
221
-
total
80
-
221
-
Corporate
732
1 150
-
-
surtax
-
-
-
-
income
154
242
-
-
total
154
242
-
-
Dividends
578
908
-
-
withholding
162
254
-
-
total
162
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
499
496
597
522
After tax
651
654
553
628
Living cost
235
235
235
235
Free-cash
416
419
318
393

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
£466
£403
£337
£296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
accident
-
-
-
7
income
-
-
-
265
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
507
Employee
420
-
893
-
other
-
-
1
-
income
88
-
240
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
292
-
Employer
420
-
893
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
596
1 150
-
-
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.

89
172
-
-
total
89
172
-
-
Dividends
506
978
-
-
withholding
104
206
-
-
total
104
206
-
-
Income
1 150
1 150
1 150
1 150
Total tax
441
378
548
507
After tax
709
772
602
643
Living cost
306
306
306
306
Free-cash
403
466
296
337

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
£833
£781
£747
£787
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
-
-
-
1 150
income
-
-
-
172
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
-
-
-
253
Employee
198
-
1 090
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
109
-
pensions

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

17
-
27
-
total
48
-
153
-
Employer
198
-
1 090
-
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
913
1 150
-
-
income
91
115
-
-
total
91
115
-
-
Dividends
821
1 035
-
-
withholding
41
52
-
-
total
41
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
219
167
213
253
After tax
931
983
937
897
Living cost
150
150
150
150
Free-cash
781
833
787
747

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
£257
£370
£318
£425
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.

-
-
-
1 150
trade
-
-
-
107
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.

-
-
-
313
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.

-
-
-
17
total
-
-
-
496
Employee

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

433
-
1 150
-
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
-
17
-
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
-
313
-
total
97
-
389
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
717
1 150
-
-
surtax

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

6
9
-
-
income
108
172
-
-
trade
103
165
-
-
chamber of commerce
2
3
-
-
total
219
349
-
-
Dividends
498
800
-
-
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
11
-
-
withholding
121
197
-
-
total
128
208
-
-
Income
1 150
1 150
1 150
1 150
Total tax
444
557
389
496
After tax
706
593
761
654
Living cost
336
336
336
336
Free-cash
370
257
425
318

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
£309
£328
£230
£230
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
-
-
-
1 150
income
-
-
-
316
social contributions
-
-
-
108
total
-
-
-
424
Employee
681
-
1 150
-
income
128
-
316
-
social contributions
57
-
108
-
total
185
-
424
-
Employer
681
-
1 150
-
total
-
-
-
-
Corporate
469
1 150
-
-
income
59
144
-
-
total
59
144
-
-
Dividends
411
1 006
-
-
withholding
82
201
-
-
total
82
201
-
-
Income
1 150
1 150
1 150
1 150
Total tax
326
345
424
424
After tax
824
805
726
726
Living cost
496
496
496
496
Free-cash
328
309
230
230

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
£386
£416
£528
£525
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.

-
-
-
1 150
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
-
1 110
-
income
43
-
229
-
social contributions
40
-
40
-
total
83
-
269
-
Employer
399
-
1 110
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
711
1 150
-
-
income
249
402
-
-
total
249
402
-
-
Dividends
462
748
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 150
1 150
1 150
1 150
Total tax
418
448
309
306
After tax
732
702
841
844
Living cost
316
316
316
316
Free-cash
416
386
525
528

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
£471
£488
£468
£361
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
-
-
-
1 150
income
-
-
-
287
pensions
-
-
-
71
total
-
-
-
358
Employee
445
-
1 008
-
health
6
-
16
-
income
81
-
217
-
pensions
34
-
90
-
total
121
-
323
-
Employer
445
-
1 008
-
pensions
45
-
123
-
health
8
-
19
-
total
53
-
142
-
Corporate
651
1 150
-
-
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.

124
218
-
-
total
124
218
-
-
Dividends
528
932
-
-
withholding
40
137
-
-
total
40
137
-
-
Income
1 150
1 150
1 150
1 150
Total tax
338
355
465
358
After tax
812
795
685
792
Living cost
324
324
324
324
Free-cash
488
471
361
468

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
-£113
£63
£582
£406
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
-
-
-
1 150
accident
-
-
-
2
income
-
-
-
302
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
362
Employee
324
-
1 013
-
health
37
-
116
-
income
44
-
219
-
pensions
36
-
66
-
total
117
-
401
-
Employer
324
-
1 013
-
accident
5
-
17
-
unemployment
8
-
25
-
pensions
53
-
95
-
total
66
-
137
-
Corporate
760
1 150
-
-
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.

684
1 035
-
-
total
684
1 035
-
-
Dividends
76
115
-
-
withholding
14
22
-
-
total
14
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
881
1 057
538
362
After tax
269
93
612
788
Living cost
206
206
206
206
Free-cash
63
-113
406
582

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
£849
£808
£531
£658
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.

-
-
-
1 150
work injury
-
-
-
6
health insurance
-
-
-
85
income
-
-
-
184
pensions
-
-
-
212
unemployment
-
-
-
14
total
-
-
-
501
Employee

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

188
-
1 150
-
work injury
1
-
3
-
income
19
-
184
-
pensions
35
-
128
-
health insurance
14
-
51
-
unemployment
2
-
8
-
total
71
-
374
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
962
1 150
-
-
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%.

10
12
-
-
total
10
12
-
-
Dividends
952
1 138
-
-
withholding
143
171
-
-
total
143
171
-
-
Income
1 150
1 150
1 150
1 150
Total tax
224
183
374
501
After tax
926
967
776
649
Living cost
118
118
118
118
Free-cash
808
849
658
531

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

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Rome , Italy
£259
£220
£209
£157
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
-
-
-
1 150
municipal
-
-
-
8
regional
-
-
-
26
national
-
-
-
264
social contributions
-
-
-
296
total
-
-
-
594
Employee
733
-
1 150
-
social contributions
247
-
388
-
regional
11
-
22
-
municipal
4
-
7
-
national
124
-
229
-
total
386
-
646
-
Employer
733
-
1 150
-
total
-
-
-
-
Corporate
417
1 150
-
-
nationa
100
276
-
-
municipal
20
55
-
-
total
120
331
-
-
Dividends
297
819
-
-
withholding
77
213
-
-
total
77
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
583
544
646
594
After tax
567
606
504
556
Living cost
347
347
347
347
Free-cash
220
259
157
209

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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