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

Valencia , Spain
£476
£345
£388
£522
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
unemployment
-
-
-
6
income
-
-
-
258
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
239
total
-
-
-
512
Employee
336
-
881
-
unemployment
5
-
13
-
pensions
16
-
40
-
income
65
-
232
-
other
-
-
1
-
total
86
-
286
-
Employer
336
-
881
-
pensions
79
-
199
-
accident
7
-
17
-
unemployment
19
-
46
-
other
3
-
7
-
total
108
-
269
-
Corporate
706
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.

106
173
-
-
total
106
173
-
-
Dividends
600
977
-
-
withholding
124
205
-
-
total
124
205
-
-
Income
1 150
1 150
1 150
1 150
Total tax
424
378
555
512
After tax
726
772
595
638
Living cost
250
250
250
250
Free-cash
476
522
345
388

Estimated living cost  is £250 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£53
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Bratislava , Slovakia
£540
£421
£372
£602
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
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
income
-
-
-
154
other
-
-
-
55
health
-
-
-
51
total
-
-
-
536
Employee
330
-
919
-
health
5
-
13
-
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.

23
-
64
-
income
57
-
170
-
total
88
-
256
-
Employer
330
-
919
-
health
5
-
13
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

56
-
156
-
accident
3
-
7
-
unemployment
3
-
9
-
other
17
-
46
-
total
84
-
231
-
Corporate
736
1 150
-
-
income
155
242
-
-
total
155
242
-
-
Dividends
582
908
-
-
withholding
41
64
-
-
total
41
64
-
-
Income
1 150
1 150
1 150
1 150
Total tax
368
306
487
536
After tax
782
844
663
614
Living cost
242
242
242
242
Free-cash
540
602
421
372

Estimated living cost  is £242 per week

£171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£822
£814
£774
£864
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
pensions

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

-
-
-
47
unemployment
-
-
-
1
income
-
-
-
172
health
-
-
-
37
total
-
-
-
257
Employee
158
-
1 088
-
health
7
-
15
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

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

14
-
28
-
income
16
-
109
-
total
39
-
155
-
Employer
158
-
1 088
-
health
11
-
22
-
pensions

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

17
-
35
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
total
31
-
62
-
Corporate
961
1 150
-
-
income
96
115
-
-
total
96
115
-
-
Dividends
865
1 035
-
-
withholding
43
52
-
-
total
43
52
-
-
Income
1 150
1 150
1 150
1 150
Total tax
209
167
217
257
After tax
941
983
933
893
Living cost
119
119
119
119
Free-cash
822
864
814
774

Estimated living cost  is £119 per week

£70
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
£323
£370
£344
£269
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
-
-
-
143
other
-
-
-
36
health
-
-
-
35
social contributions
-
-
-
33
pensions
-
-
-
248
surtax
-
-
-
-
total
-
-
-
495
Employee
389
-
916
-
pensions
44
-
53
-
income
23
-
155
-
social contributions
11
-
26
-
surtax
-
-
-
-
total
78
-
234
-
Employer
389
-
916
-
health
27
-
72
-
social contributions
1
-
3
-
pensions
64
-
91
-
unemployment
16
-
37
-
other
13
-
32
-
total
121
-
235
-
Corporate
639
1 150
-
-
income
179
322
-
-
surtax
-
-
-
-
total
179
322
-
-
Dividends
460
828
-
-
social contributions
79
142
-
-
surtax
-
-
-
-
withholding
59
106
-
-
total
138
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
516
570
469
495
After tax
634
580
681
655
Living cost
311
311
311
311
Free-cash
323
269
370
344

Estimated living cost  is £311 per week

£196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
£126
£254
£281
£183
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
pensions
-
-
-
107
income
-
-
-
269
health
-
-
-
112
total
-
-
-
488
Employee
777
777
981
-
health
119
101
112
-
pensions
140
107
107
-
income

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

127
127
127
-
total
386
335
346
-
Employer
777
777
981
-
health
54
54
67
-
pensions
54
54
67
-
unemployment
28
28
35
-
total
136
136
169
-
Corporate
246
237
-
-
income
49
47
-
-
total
49
47
-
-
Dividends
197
190
-
-
income
42
40
-
-
withholding
30
28
-
-
total
72
68
-
-
Income
1 150
1 150
1 150
1 150
Total tax
643
586
515
488
After tax
507
564
635
662
Living cost
381
381
381
381
Free-cash
126
183
254
281

Estimated living cost  is £381 per week

£270
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.
£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
Dresden , Germany
£405
£490
£376
£304
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
-
-
-
114
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
305
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
62
surtax

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

-
-
-
17
total
-
-
-
498
Employee

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

348
-
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.

62
-
62
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

10
-
305
-
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
-
total
73
-
384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
802
1 150
-
-
income
120
173
-
-
trade
126
181
-
-
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
-
-
chamber of commerce
3
3
-
-
total
256
366
-
-
Dividends
546
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
133
193
-
-
total
140
204
-
-
Income
1 150
1 150
1 150
1 150
Total tax
469
570
384
498
After tax
681
580
766
652
Living cost
276
276
276
276
Free-cash
405
304
490
376

Estimated living cost  is £276 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Larnaca , Cyprus
£581
£583
£595
£630
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
-
-
-
168
health
-
-
-
29
social contributions
-
-
-
147
total
-
-
-
344
Employee
700
700
1 052
-
health
5
12
18
-
income
76
65
163
-
social contributions
26
58
78
-
total
107
135
259
-
Employer
700
700
1 052
-
health
6
13
19
-
social contributions
26
58
78
-
total
32
71
97
-
Corporate
799
379
-
-
income
100
47
-
-
total
100
47
-
-
Dividends
699
332
-
-
withholding
119
56
-
-
total
119
56
-
-
Income
1 150
1 150
1 150
1 150
Total tax
358
309
356
344
After tax
792
841
794
806
Living cost
211
211
211
211
Free-cash
581
630
583
595

Estimated living cost  is £211 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£21
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
£360
£273
£346
£369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
119
social contributions

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

-
-
-
400
surtax
-
-
-
-
total
-
-
-
519
Employee
418
-
929
-
income
87
-
269
-
social contributions
46
-
102
-
surtax
-
-
-
-
total
133
-
371
-
Employer
418
-
929
-
social contributions
99
-
221
-
total
99
-
221
-
Corporate
632
1 150
-
-
income
133
242
-
-
surtax
-
-
-
-
total
133
242
-
-
Dividends
499
908
-
-
withholding
140
254
-
-
total
140
254
-
-
Income
1 150
1 150
1 150
1 150
Total tax
505
496
592
519
After tax
645
654
558
631
Living cost
285
285
285
285
Free-cash
360
369
273
346

Estimated living cost  is £285 per week

£214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
£1012
£852
£1070
£1024
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
85
-
1 150
-
income
17
-
230
-
total
17
-
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%.

1 065
1 150
-
-
total
-
-
-
-
Dividends
1 065
1 150
-
-
withholding
53
58
-
-
total
53
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
70
58
230
12
After tax
1 080
1 092
920
1 138
Living cost
68
68
68
68
Free-cash
1 012
1 024
852
1 070

Estimated living cost  is £68 per week

£42
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£18
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Ljubljana , Slovenia
£472
£308
£340
£547
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
pensions
-
-
-
210
unemployment
-
-
-
2
income
-
-
-
241
health
-
-
-
113
total
-
-
-
566
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.

402
-
995
-
health
26
-
64
-
unemployment
1
-
1
-
pensions
62
-
154
-
income
69
-
224
-
total
158
-
443
-
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.

402
-
995
-
health
27
-
66
-
pensions
36
-
88
-
unemployment
-
-
1
-
total
63
-
155
-
Corporate
685
1 150
-
-
income
130
219
-
-
total
130
219
-
-
Dividends
555
931
-
-
withholding
83
140
-
-
total
83
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
434
359
598
566
After tax
716
791
552
584
Living cost
244
244
244
244
Free-cash
472
547
308
340

Estimated living cost  is £244 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
£401
£515
£503
£369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
1 150
income
-
-
-
259
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
-
-
-
317
Employee
417
-
1 108
-
social contributions
42
-
42
-
income
45
-
221
-
total
87
-
263
-
Employer
417
-
1 108
-
social contributions
42
-
42
-
total
42
-
42
-
Corporate
691
1 150
-
-
income
242
403
-
-
total
242
403
-
-
Dividends
449
747
-
-
social contributions
48
48
-
-
total
48
48
-
-
Income
1 150
1 150
1 150
1 150
Total tax
419
451
305
317
After tax
731
699
845
833
Living cost
330
330
330
330
Free-cash
401
369
515
503

Estimated living cost  is £330 per week

£218
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.
£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
Vilnius , Lithuania
£513
£535
£545
£508
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
-
-
-
173
health
-
-
-
80
social contributions
-
-
-
159
total
-
-
-
412
Employee
308
-
1 150
-
health
22
-
80
-
income
51
-
183
-
social contributions
43
-
159
-
total
116
-
422
-
Employer
308
-
1 150
-
total
-
-
-
-
Corporate
842
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%.

42
58
-
-
total
42
58
-
-
Dividends
799
1 092
-
-
social contributions
110
151
-
-
withholding
120
164
-
-
health
56
76
-
-
total
286
391
-
-
Income
1 150
1 150
1 150
1 150
Total tax
444
449
422
412
After tax
706
701
728
738
Living cost
193
193
193
193
Free-cash
513
508
535
545

Estimated living cost  is £193 per week

£129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
£447
£329
£340
£537
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
-
-
-
105
health
-
-
-
155
social contributions
-
-
-
296
solidarity contribution
-
-
-
-
total
-
-
-
556
Employee
373
-
858
-
health
50
-
116
-
solidarity contribution
-
-
-
-
income
45
-
103
-
social contributions
24
-
56
-
total
119
-
275
-
Employer
373
-
858
-
health
34
-
77
-
social contributions
93
-
215
-
total
127
-
292
-
Corporate
650
1 150
-
-
income
124
219
-
-
total
124
219
-
-
Dividends
527
931
-
-
withholding
79
140
-
-
total
79
140
-
-
Income
1 150
1 150
1 150
1 150
Total tax
449
359
567
556
After tax
701
791
583
594
Living cost
254
254
254
254
Free-cash
447
537
329
340

Estimated living cost  is £254 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
£967
£814
£1032
£986
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
132
-
1 150
-
income
26
-
230
-
total
26
-
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%.

1 018
1 150
-
-
total
-
-
-
-
Dividends
1 018
1 150
-
-
withholding
51
58
-
-
total
51
58
-
-
Income
1 150
1 150
1 150
1 150
Total tax
77
58
230
12
After tax
1 073
1 092
920
1 138
Living cost
106
106
106
106
Free-cash
967
986
814
1 032

Estimated living cost  is £106 per week

£72
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£4
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£26
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Paris , France
£202
£242
£216
£141
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
-
-
-
143
other
-
-
-
36
health
-
-
-
35
social contributions
-
-
-
33
pensions
-
-
-
248
surtax
-
-
-
-
total
-
-
-
495
Employee
570
-
916
-
pensions
64
-
53
-
income
50
-
155
-
social contributions
16
-
26
-
surtax
-
-
-
-
total
130
-
234
-
Employer
570
-
916
-
health
40
-
72
-
social contributions
2
-
3
-
pensions
94
-
91
-
unemployment
23
-
37
-
other
20
-
32
-
total
179
-
235
-
Corporate
402
1 150
-
-
income
113
322
-
-
surtax
-
-
-
-
total
113
322
-
-
Dividends
290
828
-
-
social contributions
50
142
-
-
surtax
-
-
-
-
withholding
37
106
-
-
total
87
248
-
-
Income
1 150
1 150
1 150
1 150
Total tax
509
570
469
495
After tax
641
580
681
655
Living cost
439
439
439
439
Free-cash
202
141
242
216

Estimated living cost  is £439 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
£629
£489
£490
£674
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
pensions
-
-
-
174
unemployment
-
-
-
10
income
-
-
-
250
health
-
-
-
69
total
-
-
-
503
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

236
-
1 030
-
health
12
-
35
-
unemployment
2
-
5
-
pensions
33
-
94
-
income
33
-
250
-
total
80
-
384
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

236
-
1 030
-
health
12
-
35
-
pensions
28
-
80
-
unemployment
2
-
5
-
total
42
-
120
-
Corporate
871
1 150
-
-
income
131
172
-
-
total
131
172
-
-
Dividends
741
978
-
-
withholding
111
147
-
-
total
111
147
-
-
Income
1 150
1 150
1 150
1 150
Total tax
364
319
504
503
After tax
786
831
646
647
Living cost
157
157
157
157
Free-cash
629
674
489
490

Estimated living cost  is £157 per week

£106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£35
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£164
£258
£312
-£106
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
pensions
-
-
-
106
city
-
-
-
12
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
health
-
-
-
3
regional
-
-
-
49
national
-
-
-
13
total
-
-
-
206
Employee
740
-
1 029
-
health
2
-
2
-
unemployment
-
-
-
-
city
8
-
11
-
pensions
62
-
86
-
regional
24
-
42
-
national
4
-
10
-
total
100
-
151
-
Employer
740
-
1 029
-
health
2
-
2
-
pensions
62
-
86
-
unemployment
-
-
-
-
other

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

15
-
21
-
total
79
-
109
-
Corporate
323
1 150
-
-
regional
68
243
-
-
national
27
98
-
-
total
95
341
-
-
Dividends
227
809
-
-
withholding
80
283
-
-
total
80
283
-
-
Income
1 150
1 150
1 150
1 150
Total tax
354
624
260
206
After tax
796
526
890
944
Living cost
632
632
632
632
Free-cash
164
-106
258
312

Estimated living cost  is £632 per week

£411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details

Additional information

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

Helsinki , Finland
£400
£283
£441
£397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
142
total
-
-
-
360
Employee
479
-
967
-
health
4
-
11
-
unemployment
7
-
15
-
pensions
32
-
65
-
national
8
-
87
-
municipal
78
-
158
-
total
129
-
336
-
Employer
479
-
967
-
health
4
-
7
-
pensions
83
-
168
-
accident
-
-
1
-
unemployment
3
-
6
-
total
90
-
182
-
Corporate
581
1 150
-
-
income
116
230
-
-
total
116
230
-
-
Dividends

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

349
690
-
-
municipal
63
124
-
-
national
3
50
-
-
total
66
174
-
-
Income
1 150
1 150
1 150
1 150
Total tax
401
404
518
360
After tax
749
746
632
790
Living cost
349
349
349
349
Free-cash
400
397
283
441

Estimated living cost  is £349 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Brussels , Belgium
£175
£97
£183
£312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
communal

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

-
-
-
58
social contributions
-
-
-
183
national
-
-
-
394
total
-
-
-
635
Employee

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

651
-
891
-
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.

31
-
42
-
communal

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

34
-
46
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
8
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

49
-
67
-
national
200
-
298
-
total
320
-
461
-
Employer

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

651
-
891
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

40
-
55
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

58
-
79
-
surtax
74
-
101
-
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
-
total
189
-
260
-
Corporate
310
1 150
-
-
income
62
230
-
-
surtax
1
5
-
-
total
63
235
-
-
Dividends
246
915
-
-
withholding

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

71
271
-
-
total
71
271
-
-
Income
1 150
1 150
1 150
1 150
Total tax
643
506
721
635
After tax
507
644
429
515
Living cost
332
332
332
332
Free-cash
175
312
97
183

Estimated living cost  is £332 per week

£214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
£227
£211
£220
£235
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
unemployment
-
-
-
1
municipal
-
-
-
269
other
-
-
-
100
health
-
-
-
54
national
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
93
total
-
-
-
537
Employee
559
-
880
-
national
-
-
13
-
municipal
167
-
262
-
total
167
-
275
-
Employer
559
-
880
-
health
34
-
53
-
pensions
60
-
93
-
accident
1
-
2
-
unemployment
15
-
23
-
other
65
-
100
-
total
175
-
271
-
Corporate
415
1 150
-
-
income
91
253
-
-
total
91
253
-
-
Dividends
324
897
-
-
withholding
97
269
-
-
total
97
269
-
-
Income
1 150
1 150
1 150
1 150
Total tax
530
522
546
537
After tax
620
628
604
613
Living cost
393
393
393
393
Free-cash
227
235
211
220

Estimated living cost  is £393 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£88
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-£344
£586
£363
£268
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
620
-
-
-
income
137
-
-
-
social contributions
51
-
7
-
total
188
-
7
-
Employer
620
-
-
-
social contributions
874
-
125
-
total
874
-
125
-
Corporate
-
1 150
-
-
income
-
253
-
-
total
-
253
-
-
Dividends
-
897
-
-
income
-
197
-
-
total
-
197
-
-
Income
1 150
1 150
1 150
1 150
Total tax
1 062
450
132
355
After tax
88
700
1 018
795
Living cost
432
432
432
432
Free-cash
-344
268
586
363

Estimated living cost  is £432 per week

£281
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.
£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.
£106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
£508
£499
£511
£546
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
-
-
-
168
health
-
-
-
29
social contributions
-
-
-
147
total
-
-
-
344
Employee
700
700
1 052
-
health
7
12
18
-
income
73
65
163
-
social contributions
34
58
78
-
total
114
135
259
-
Employer
700
700
1 052
-
health
8
13
19
-
social contributions
34
58
78
-
total
42
71
97
-
Corporate
699
379
-
-
income
87
47
-
-
total
87
47
-
-
Dividends
612
332
-
-
withholding
104
56
-
-
total
104
56
-
-
Income
1 150
1 150
1 150
1 150
Total tax
347
309
356
344
After tax
803
841
794
806
Living cost
295
295
295
295
Free-cash
508
546
499
511

Estimated living cost  is £295 per week

£202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
£488
£361
£468
£471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
income
-
-
-
287
pensions
-
-
-
71
total
-
-
-
358
Employee
445
-
1 008
-
health
6
-
16
-
pensions
34
-
90
-
income
81
-
217
-
total
121
-
323
-
Employer
445
-
1 008
-
health
8
-
19
-
pensions
45
-
123
-
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.

Rome , Italy
£201
£145
£198
£244
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
-
-
-
25
social contributions
-
-
-
296
national
-
-
-
261
total
-
-
-
590
Employee
767
-
1 150
-
social contributions
259
-
388
-
regional
12
-
22
-
national
130
-
226
-
municipal
5
-
7
-
total
406
-
643
-
Employer
767
-
1 150
-
total
-
-
-
-
Corporate
383
1 150
-
-
nationa
92
276
-
-
municipal
18
55
-
-
total
110
331
-
-
Dividends
273
819
-
-
withholding
71
213
-
-
total
71
213
-
-
Income
1 150
1 150
1 150
1 150
Total tax
587
544
643
590
After tax
563
606
507
560
Living cost
362
362
362
362
Free-cash
201
244
145
198

Estimated living cost  is £362 per week

£255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£77
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
£63
£418
£596
-£100
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
pensions
-
-
-
36
income
-
-
-
301
other
-
-
-
3
health
-
-
-
19
accident
-
-
-
2
total
-
-
-
361
Employee
303
-
1 012
-
health
35
-
116
-
pensions
34
-
67
-
income
42
-
218
-
total
111
-
401
-
Employer
303
-
1 012
-
pensions
49
-
96
-
accident
5
-
17
-
unemployment
7
-
25
-
total
61
-
138
-
Corporate
785
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.

707
1 035
-
-
total
707
1 035
-
-
Dividends
79
115
-
-
withholding
15
22
-
-
total
15
22
-
-
Income
1 150
1 150
1 150
1 150
Total tax
894
1 057
539
361
After tax
256
93
611
789
Living cost
193
193
193
193
Free-cash
63
-100
418
596

Estimated living cost  is £193 per week

£141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Berlin , Germany
£361
£415
£311
£241
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 150
trade
-
-
-
104
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.

-
-
-
305
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
62
surtax

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

-
-
-
17
total
-
-
-
488
Employee

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

453
-
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.

62
-
62
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

37
-
305
-
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
-
total
101
-
384
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
697
1 150
-
-
income
105
173
-
-
trade
100
165
-
-
surtax

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

6
9
-
-
chamber of commerce
2
3
-
-
total
213
350
-
-
Dividends
484
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.

6
11
-
-
withholding
118
197
-
-
total
124
208
-
-
Income
1 150
1 150
1 150
1 150
Total tax
438
558
384
488
After tax
712
592
766
662
Living cost
351
351
351
351
Free-cash
361
241
415
311

Estimated living cost  is £351 per week

£242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source

Additional information

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

Riga , Latvia
£657
£457
£145
£731
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
income
-
-
-
174
microenterprise
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
349
surtax
-
-
-
293
total
-
-
-
816
Employee
266
-
927
-
income
47
-
179
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

29
-
102
-
surtax
-
-
-
-
total
76
-
281
-
Employer
266
-
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.

64
-
223
-
surtax
-
-
-
-
total
64
-
223
-
Corporate
820
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%.

164
230
-
-
total
164
230
-
-
Dividends

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

656
920
-
-
total
-
-
-
-
Income
1 150
1 150
1 150
1 150
Total tax
304
230
504
816
After tax
846
920
646
334
Living cost
189
189
189
189
Free-cash
657
731
457
145

Estimated living cost  is £189 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
£587
£562
£570
£606
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
-
-
-
327
health
-
-
-
59
pensions
-
-
-
82
total
-
-
-
468
Employee
170
-
1 058
-
health
9
-
20
-
unemployment
2
-
4
-
pensions
15
-
37
-
income
33
-
323
-
total
59
-
384
-
Employer
170
-
1 058
-
health
16
-
39
-
pensions
19
-
45
-
unemployment
3
-
8
-
total
38
-
92
-
Corporate
941
1 150
-
-
income
207
253
-
-
total
207
253
-
-
Dividends
734
897
-
-
withholding
147
179
-
-
total
147
179
-
-
Income
1 150
1 150
1 150
1 150
Total tax
451
432
476
468
After tax
699
718
674
682
Living cost
112
112
112
112
Free-cash
587
606
562
570

Estimated living cost  is £112 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
£491
£331
£349
£519
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
pensions
-
-
-
230
unemployment
-
-
-
2
income
-
-
-
249
other
-
-
-
-
health
-
-
-
82
surtax
-
-
-
34
total
-
-
-
597
Employee
306
-
950
-
health
8
-
24
-
unemployment
21
-
66
-
pensions
20
-
63
-
income
51
-
231
-
other
-
-
-
-
surtax
1
-
31
-
total
101
-
415
-
Employer
306
-
950
-
health
14
-
43
-
pensions
41
-
127
-
unemployment
10
-
30
-
other
-
-
-
-
total
65
-
200
-
Corporate
779
1 150
-
-
income
203
299
-
-
total
203
299
-
-
Dividends
576
851
-
-
withholding
86
128
-
-
total
86
128
-
-
Income
1 150
1 150
1 150
1 150
Total tax
455
427
615
597
After tax
695
723
535
553
Living cost
204
204
204
204
Free-cash
491
519
331
349

Estimated living cost  is £204 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
£347
£27
£287
£350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 150
pensions
-
-
-
197
chamber of commerce
-
-
-
5
unemployment
-
-
-
56
income
-
-
-
234
health
-
-
-
81
surtax
-
-
-
-
total
-
-
-
573
Employee
398
363
893
-
health
15
14
35
-
unemployment
12
11
27
-
pensions
41
37
91
-
income
35
27
198
-
other
4
4
9
-
total
107
93
360
-
Employer
398
363
893
-
health
15
14
34
-
pensions
50
46
112
-
surtax
-
-
-
-
accident
5
5
12
-
unemployment
12
11