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
£ 1250
per

Your estimated
City
free-cash

Valencia , Spain
£417
£460
£593
£551
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
-
-
-
1 250
income
-
-
-
299
accident
-
-
-
7
unemployment
-
-
-
6
pensions
-
-
-
233
other
-
-
-
1
total
-
-
-
546
Employee
328
-
988
-
other
-
-
1
-
income
63
-
274
-
unemployment
5
-
13
-
pensions
15
-
39
-
total
83
-
327
-
Employer
328
-
988
-
unemployment
18
-
45
-
pensions
77
-
194
-
other
3
-
7
-
accident
7
-
16
-
total
105
-
262
-
Corporate
817
1 250
-
-
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.

123
187
-
-
total
123
187
-
-
Dividends
695
1 063
-
-
withholding
144
226
-
-
total
144
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
455
413
589
546
After tax
795
837
661
704
Living cost
244
244
244
244
Free-cash
551
593
417
460

Estimated living cost  is £244 per week

£165
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.
£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
Bratislava , Slovakia
£479
£429
£683
£621
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
-
-
-
1 250
income
-
-
-
171
health
-
-
-
55
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.

-
-
-
300
other
-
-
-
59
total
-
-
-
585
Employee
322
-
998
-
income
55
-
189
-
health
5
-
14
-
unemployment
3
-
10
-
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
-
70
-
total
86
-
283
-
Employer
322
-
998
-
unemployment
3
-
10
-
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.

55
-
170
-
other
16
-
50
-
accident
3
-
8
-
health
5
-
14
-
total
82
-
252
-
Corporate
847
1 250
-
-
income
178
262
-
-
total
178
262
-
-
Dividends
669
988
-
-
withholding
47
69
-
-
total
47
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
393
331
535
585
After tax
857
919
715
665
Living cost
236
236
236
236
Free-cash
621
683
479
429

Estimated living cost  is £236 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.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
£911
£863
£953
£911
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
-
-
-
1 250
income
-
-
-
188
health
-
-
-
36
unemployment
-
-
-
1
pensions

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

-
-
-
46
total
-
-
-
271
Employee
154
-
1 189
-
income
15
-
119
-
health
7
-
14
-
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.

13
-
27
-
total
37
-
163
-
Employer
154
-
1 189
-
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
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
11
-
21
-
total
31
-
60
-
Corporate
1 066
1 250
-
-
income
107
125
-
-
total
107
125
-
-
Dividends
959
1 125
-
-
withholding
48
56
-
-
total
48
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
223
181
223
271
After tax
1 027
1 069
1 027
979
Living cost
116
116
116
116
Free-cash
911
953
911
863

Estimated living cost  is £116 per week

£68
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.
£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
Nice , France
£418
£405
£326
£380
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
-
-
-
1 250
income
-
-
-
170
social contributions
-
-
-
36
health
-
-
-
43
surtax
-
-
-
-
pensions
-
-
-
253
other
-
-
-
39
total
-
-
-
541
Employee
380
-
986
-
income
22
-
175
-
social contributions
11
-
28
-
surtax
-
-
-
-
pensions
43
-
61
-
total
76
-
264
-
Employer
380
-
986
-
unemployment
15
-
40
-
social contributions
1
-
3
-
pensions
62
-
104
-
other
13
-
35
-
health
27
-
82
-
total
118
-
264
-
Corporate
752
1 250
-
-
income
210
350
-
-
surtax
-
-
-
-
total
210
350
-
-
Dividends
541
900
-
-
withholding
69
115
-
-
surtax
-
-
-
-
social contributions
93
155
-
-
total
162
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
566
620
528
541
After tax
684
630
722
709
Living cost
304
304
304
304
Free-cash
380
326
418
405

Estimated living cost  is £304 per week

£191
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.
£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
Rotterdam , Netherlands
£375
£340
£242
£188
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
-
-
-
1 250
income
-
-
-
325
health
-
-
-
109
pensions
-
-
-
104
total
-
-
-
538
Employee
758
758
1 085
-
income

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

124
124
125
-
health
116
99
109
-
pensions
136
104
104
-
total
376
327
338
-
Employer
758
758
1 085
-
unemployment
27
27
34
-
pensions
53
53
66
-
health
53
53
65
-
total
133
133
165
-
Corporate
369
360
-
-
income
74
72
-
-
total
74
72
-
-
Dividends
295
288
-
-
withholding
44
43
-
-
income
63
61
-
-
total
107
104
-
-
Income
1 250
1 250
1 250
1 250
Total tax
690
636
503
538
After tax
560
614
747
712
Living cost
372
372
372
372
Free-cash
188
242
375
340

Estimated living cost  is £372 per week

£263
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.
£69
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
£549
£417
£362
£459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
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.

-
-
-
352
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.

-
-
-
61
trade
-
-
-
132
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.

-
-
-
19
total
-
-
-
564
Employee

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

339
-
1 250
-
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
-
352
-
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.

61
-
61
-
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
-
19
-
total
71
-
432
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
911
1 250
-
-
chamber of commerce
3
3
-
-
income
137
187
-
-
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.

8
10
-
-
trade
143
197
-
-
total
291
397
-
-
Dividends
620
852
-
-
withholding
152
210
-
-
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.

8
12
-
-
total
160
222
-
-
Income
1 250
1 250
1 250
1 250
Total tax
522
619
432
564
After tax
728
631
818
686
Living cost
269
269
269
269
Free-cash
459
362
549
417

Estimated living cost  is £269 per week

£169
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.
£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.

Larnaca , Cyprus
£654
£664
£707
£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
-
-
-
1 250
income
-
-
-
205
social contributions
-
-
-
144
health
-
-
-
32
total
-
-
-
381
Employee
682
682
1 152
-
income
74
63
198
-
social contributions
26
57
76
-
health
5
12
20
-
total
105
132
294
-
Employer
682
682
1 152
-
social contributions
26
57
76
-
health
6
13
21
-
total
32
70
97
-
Corporate
908
498
-
-
income
113
62
-
-
total
113
62
-
-
Dividends
794
436
-
-
withholding
135
74
-
-
total
135
74
-
-
Income
1 250
1 250
1 250
1 250
Total tax
385
338
391
381
After tax
865
912
859
869
Living cost
205
205
205
205
Free-cash
660
707
654
664

Estimated living cost  is £205 per week

£123
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.
£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
Lisbon , Portugal
£317
£402
£433
£424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 250
income
-
-
-
136
social contributions

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

-
-
-
434
surtax
-
-
-
-
total
-
-
-
570
Employee
408
-
1 010
-
income
85
-
304
-
social contributions
45
-
111
-
surtax
-
-
-
-
total
130
-
415
-
Employer
408
-
1 010
-
social contributions
97
-
240
-
total
97
-
240
-
Corporate
745
1 250
-
-
income
156
262
-
-
surtax
-
-
-
-
total
156
262
-
-
Dividends
589
988
-
-
withholding
165
277
-
-
total
165
277
-
-
Income
1 250
1 250
1 250
1 250
Total tax
548
539
655
570
After tax
702
711
595
680
Living cost
278
278
278
278
Free-cash
424
433
317
402

Estimated living cost  is £278 per week

£208
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.
£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
Batumi , Georgia
£934
£1172
£1122
£1109
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%.

-
-
-
1 250
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
83
-
1 250
-
income
17
-
250
-
total
17
-
250
-
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%.

1 167
1 250
-
-
total
-
-
-
-
Dividends
1 167
1 250
-
-
withholding
58
62
-
-
total
58
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
75
62
250
12
After tax
1 175
1 188
1 000
1 238
Living cost
66
66
66
66
Free-cash
1 109
1 122
934
1 172

Estimated living cost  is £66 per week

£41
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
£354
£389
£622
£548
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.

-
-
-
1 250
income
-
-
-
270
health
-
-
-
123
unemployment
-
-
-
2
pensions
-
-
-
228
total
-
-
-
623
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.

392
-
1 082
-
income
68
-
249
-
health
25
-
70
-
unemployment
1
-
2
-
pensions
61
-
168
-
total
155
-
489
-
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.

392
-
1 082
-
unemployment
-
-
1
-
pensions
35
-
96
-
health
26
-
72
-
total
61
-
169
-
Corporate
797
1 250
-
-
income
151
238
-
-
total
151
238
-
-
Dividends
645
1 012
-
-
withholding
97
152
-
-
total
97
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
464
390
658
623
After tax
786
860
592
627
Living cost
238
238
238
238
Free-cash
548
622
354
389

Estimated living cost  is £238 per week

£163
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.
£55
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
£586
£617
£444
£474
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.

-
-
-
1 250
income
-
-
-
253
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
-
-
-
311
Employee
407
-
1 209
-
social contributions
41
-
41
-
income
44
-
260
-
total
85
-
301
-
Employer
407
-
1 209
-
social contributions
41
-
41
-
total
41
-
41
-
Corporate
802
1 250
-
-
income
281
437
-
-
total
281
437
-
-
Dividends
521
813
-
-
social contributions
47
47
-
-
total
47
47
-
-
Income
1 250
1 250
1 250
1 250
Total tax
454
484
342
311
After tax
796
766
908
939
Living cost
322
322
322
322
Free-cash
474
444
586
617

Estimated living cost  is £322 per week

£212
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.
£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
Vilnius , Lithuania
£598
£615
£575
£580
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
-
-
-
1 250
income
-
-
-
187
social contributions
-
-
-
173
health
-
-
-
87
total
-
-
-
447
Employee
301
-
1 250
-
income
50
-
204
-
social contributions
42
-
173
-
health
21
-
87
-
total
113
-
464
-
Employer
301
-
1 250
-
total
-
-
-
-
Corporate
949
1 250
-
-
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%.

47
62
-
-
total
47
62
-
-
Dividends
902
1 188
-
-
withholding
135
178
-
-
health
63
83
-
-
social contributions
124
164
-
-
total
322
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
482
487
464
447
After tax
768
763
786
803
Living cost
188
188
188
188
Free-cash
580
575
598
615

Estimated living cost  is £188 per week

£126
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.
£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
Prague , Czech Republic
£391
£434
£617
£532
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
-
-
-
1 250
income
-
-
-
120
social contributions
-
-
-
284
solidarity contribution
-
-
-
-
health
-
-
-
169
total
-
-
-
573
Employee
358
-
933
-
solidarity contribution
-
-
-
-
income
43
-
112
-
social contributions
23
-
61
-
health
48
-
126
-
total
114
-
299
-
Employer
358
-
933
-
social contributions
89
-
233
-
health
32
-
84
-
total
121
-
317
-
Corporate
771
1 250
-
-
income
146
238
-
-
total
146
238
-
-
Dividends
624
1 012
-
-
withholding
94
152
-
-
total
94
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
475
390
616
573
After tax
775
860
634
677
Living cost
243
243
243
243
Free-cash
532
617
391
434

Estimated living cost  is £243 per week

£181
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.
£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
Tbilisi , Georgia
£897
£1135
£1085
£1065
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%.

-
-
-
1 250
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
129
-
1 250
-
income
26
-
250
-
total
26
-
250
-
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%.

1 121
1 250
-
-
total
-
-
-
-
Dividends
1 121
1 250
-
-
withholding
56
62
-
-
total
56
62
-
-
Income
1 250
1 250
1 250
1 250
Total tax
82
62
250
12
After tax
1 168
1 188
1 000
1 238
Living cost
103
103
103
103
Free-cash
1 065
1 085
897
1 135

Estimated living cost  is £103 per week

£70
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.
£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.
£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
£293
£280
£201
£262
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
-
-
-
1 250
income
-
-
-
170
social contributions
-
-
-
36
health
-
-
-
43
surtax
-
-
-
-
pensions
-
-
-
253
other
-
-
-
39
total
-
-
-
541
Employee
556
-
986
-
income
48
-
175
-
social contributions
16
-
28
-
surtax
-
-
-
-
pensions
63
-
61
-
total
127
-
264
-
Employer
556
-
986
-
unemployment
23
-
40
-
social contributions
2
-
3
-
pensions
91
-
104
-
other
19
-
35
-
health
39
-
82
-
total
174
-
264
-
Corporate
521
1 250
-
-
income
146
350
-
-
surtax
-
-
-
-
total
146
350
-
-
Dividends
375
900
-
-
withholding
48
115
-
-
surtax
-
-
-
-
social contributions
64
155
-
-
total
112
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
559
620
528
541
After tax
691
630
722
709
Living cost
429
429
429
429
Free-cash
262
201
293
280

Estimated living cost  is £429 per week

£290
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.
£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.
£98
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
£574
£574
£751
£705
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.

-
-
-
1 250
income
-
-
-
276
health
-
-
-
67
unemployment
-
-
-
10
pensions
-
-
-
170
total
-
-
-
523
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.

231
-
1 133
-
income
32
-
276
-
health
12
-
34
-
unemployment
2
-
5
-
pensions
32
-
91
-
total
78
-
406
-
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.

231
-
1 133
-
unemployment
2
-
5
-
pensions
28
-
78
-
health
12
-
34
-
total
42
-
117
-
Corporate
978
1 250
-
-
income
147
187
-
-
total
147
187
-
-
Dividends
831
1 063
-
-
withholding
125
159
-
-
total
125
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
392
346
523
523
After tax
858
904
727
727
Living cost
153
153
153
153
Free-cash
705
751
574
574

Estimated living cost  is £153 per week

£103
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.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
£339
£400
-£49
£215
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
-
-
-
1 250
regional
-
-
-
57
national
-
-
-
16
health
-
-
-
3
city
-
-
-
13
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.

-
-
-
25
pensions
-
-
-
115
total
-
-
-
229
Employee
727
-
1 119
-
regional
24
-
49
-
city
8
-
12
-
health
2
-
3
-
unemployment
-
-
-
-
national
3
-
13
-
pensions
61
-
94
-
total
98
-
171
-
Employer
727
-
1 119
-
unemployment
-
-
-
-
pensions
61
-
94
-
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
-
22
-
health
2
-
3
-
total
78
-
119
-
Corporate
438
1 250
-
-
regional
93
264
-
-
national
37
106
-
-
total
130
370
-
-
Dividends
308
879
-
-
withholding
108
308
-
-
total
108
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
414
678
290
229
After tax
836
572
960
1 021
Living cost
621
621
621
621
Free-cash
215
-49
339
400

Estimated living cost  is £621 per week

£404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£56
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.
£154
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
£336
£506
£462
£474
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

-
-
-
1 250
municipal
-
-
-
222
national
-
-
-
165
health
-
-
-
16
total
-
-
-
403
Employee
467
-
1 052
-
health
3
-
12
-
unemployment
7
-
16
-
national
8
-
105
-
municipal
76
-
171
-
pensions
32
-
71
-
total
126
-
375
-
Employer
467
-
1 052
-
unemployment
3
-
7
-
pensions
81
-
182
-
accident
-
-
1
-
health
4
-
8
-
total
88
-
198
-
Corporate
695
1 250
-
-
income
139
250
-
-
total
139
250
-
-
Dividends

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

417
750
-
-
national
7
62
-
-
municipal
75
135
-
-
total
82
197
-
-
Income
1 250
1 250
1 250
1 250
Total tax
435
447
573
403
After tax
815
803
677
847
Living cost
341
341
341
341
Free-cash
474
462
336
506

Estimated living cost  is £341 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.
£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

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
£131
£227
£376
£242
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
-
-
-
1 250
national
-
-
-
440
social contributions
-
-
-
196
communal

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

-
-
-
63
total
-
-
-
699
Employee

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

635
-
968
-
health

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

30
-
46
-
communal

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

33
-
51
-
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
-
national
195
-
334
-
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.

48
-
73
-
total
312
-
512
-
Employer

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

635
-
968
-
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
-
14
-
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.

56
-
86
-
surtax
72
-
110
-
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
-
13
-
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.

39
-
60
-
total
184
-
283
-
Corporate
430
1 250
-
-
income
86
250
-
-
surtax
2
5
-
-
total
88
255
-
-
Dividends
343
995
-
-
withholding

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

100
295
-
-
total
100
295
-
-
Income
1 250
1 250
1 250
1 250
Total tax
684
550
795
699
After tax
566
700
455
551
Living cost
324
324
324
324
Free-cash
242
376
131
227

Estimated living cost  is £324 per week

£208
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.
£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
Stockholm , Sweden
£287
£296
£318
£309
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
-
-
-
1 250
municipal
-
-
-
304
national
-
-
-
53
health
-
-
-
50
accident
-
-
-
2
unemployment
-
-
-
1
pensions
-
-
-
86
other
-
-
-
93
total
-
-
-
589
Employee
520
-
999
-
national
-
-
49
-
municipal
155
-
298
-
total
155
-
347
-
Employer
520
-
999
-
unemployment
14
-
21
-
pensions
56
-
86
-
other
60
-
93
-
accident
1
-
2
-
health
32
-
49
-
total
163
-
251
-
Corporate
567
1 250
-
-
income
125
275
-
-
total
125
275
-
-
Dividends
442
975
-
-
withholding
133
292
-
-
total
133
292
-
-
Income
1 250
1 250
1 250
1 250
Total tax
576
567
598
589
After tax
674
683
652
661
Living cost
365
365
365
365
Free-cash
309
318
287
296

Estimated living cost  is £365 per week

£242
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.
£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
Oslo , Norway
£721
£458
£355
-£149
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
-
-
-
1 250
income
-
-
-
244
social contributions
-
-
-
143
total
-
-
-
387
Employee
580
-
-
-
income
128
-
-
-
social contributions
48
-
7
-
total
176
-
7
-
Employer
580
-
-
-
social contributions
818
-
117
-
total
818
-
117
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
994
490
124
387
After tax
256
760
1 126
863
Living cost
405
405
405
405
Free-cash
-149
355
721
458

Estimated living cost  is £405 per week

£262
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.
£99
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
£571
£581
£624
£589
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
-
-
-
1 250
income
-
-
-
205
social contributions
-
-
-
144
health
-
-
-
32
total
-
-
-
381
Employee
682
682
1 152
-
income
72
63
198
-
social contributions
33
57
76
-
health
7
12
20
-
total
112
132
294
-
Employer
682
682
1 152
-
social contributions
33
57
76
-
health
7
13
21
-
total
40
70
97
-
Corporate
810
498
-
-
income
101
62
-
-
total
101
62
-
-
Dividends
709
436
-
-
withholding
120
74
-
-
total
120
74
-
-
Income
1 250
1 250
1 250
1 250
Total tax
373
338
391
381
After tax
877
912
859
869
Living cost
288
288
288
288
Free-cash
589
624
571
581

Estimated living cost  is £288 per week

£197
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.
£64
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
£411
£526
£525
£563
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
-
-
-
1 250
income
-
-
-
327
pensions
-
-
-
73
total
-
-
-
400
Employee
445
-
1 095
-
income
81
-
250
-
health
6
-
17
-
pensions
34
-
92
-
total
121
-
359
-
Employer
445
-
1 095
-
pensions
45
-
135
-
health
8
-
21
-
total
53
-
156
-
Corporate
751
1 250
-
-
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.

143
238
-
-
total
143
238
-
-
Dividends
609
1 012
-
-
withholding
46
163
-
-
total
46
163
-
-
Income
1 250
1 250
1 250
1 250
Total tax
363
401
515
400
After tax
887
849
735
850
Living cost
324
324
324
324
Free-cash
563
525
411
526

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
£191
£247
£305
£265
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
-
-
-
1 250
municipal
-
-
-
8
regional
-
-
-
28
national
-
-
-
291
social contributions
-
-
-
322
total
-
-
-
649
Employee
748
-
1 250
-
regional
11
-
24
-
social contributions
252
-
421
-
national
126
-
253
-
municipal
4
-
7
-
total
393
-
705
-
Employer
748
-
1 250
-
total
-
-
-
-
Corporate
502
1 250
-
-
nationa
121
300
-
-
municipal
24
60
-
-
total
145
360
-
-
Dividends
357
890
-
-
withholding
93
231
-
-
total
93
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
631
591
705
649
After tax
619
659
545
601
Living cost
354
354
354
354
Free-cash
265
305
191
247

Estimated living cost  is £354 per week

£248
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.
£76
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
£485
£670
-£85
£73
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
-
-
-
1 250
income
-
-
-
336
health
-
-
-
18
accident
-
-
-
2
pensions
-
-
-
35
other
-
-
-
3
total
-
-
-
394
Employee
292
-
1 111
-
income
40
-
249
-
health
33
-
127
-
pensions
33
-
64
-
total
106
-
440
-
Employer
292
-
1 111
-
unemployment
7
-
27
-
pensions
47
-
93
-
accident
5
-
19
-
total
59
-
139
-
Corporate
899
1 250
-
-
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.

809
1 125
-
-
total
809
1 125
-
-
Dividends
90
125
-
-
withholding
17
24
-
-
total
17
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
991
1 149
579
394
After tax
259
101
671
856
Living cost
186
186
186
186
Free-cash
73
-85
485
670

Estimated living cost  is £186 per week

£136
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.
£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

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
£475
£355
£302
£416
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.

-
-
-
1 250
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.

-
-
-
352
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.

-
-
-
61
trade
-
-
-
120
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.

-
-
-
19
total
-
-
-
552
Employee

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

442
-
1 250
-
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
-
352
-
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.

61
-
61
-
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
-
19
-
total
99
-
432
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
808
1 250
-
-
chamber of commerce
3
3
-
-
income
121
187
-
-
surtax

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

7
10
-
-
trade
116
179
-
-
total
247
379
-
-
Dividends
562
870
-
-
withholding
137
214
-
-
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.

8
12
-
-
total
145
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
491
605
432
552
After tax
759
645
818
698
Living cost
343
343
343
343
Free-cash
416
302
475
355

Estimated living cost  is £343 per week

£236
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.
£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.
£64
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
£515
£207
£815
£742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
1 250
microenterprise
-
-
-
-
income
-
-
-
199
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.

-
-
-
340
surtax
-
-
-
319
total
-
-
-
858
Employee
259
-
1 007
-
income
46
-
196
-
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
-
111
-
surtax
-
-
-
-
total
75
-
307
-
Employer
259
-
1 007
-
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.

62
-
243
-
surtax
-
-
-
-
total
62
-
243
-
Corporate
928
1 250
-
-
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%.

186
250
-
-
total
186
250
-
-
Dividends

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

743
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
323
250
550
858
After tax
927
1 000
700
392
Living cost
185
185
185
185
Free-cash
742
815
515
207

Estimated living cost  is £185 per week

£118
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.
£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
Istanbul , Turkey
£622
£629
£665
£645
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
-
-
-
1 250
income
-
-
-
361
health
-
-
-
61
pensions
-
-
-
84
total
-
-
-
506
Employee
175
-
1 156
-
income
34
-
356
-
health
9
-
21
-
unemployment
2
-
4
-
pensions
16
-
38
-
total
61
-
419
-
Employer
175
-
1 156
-
unemployment
3
-
8
-
pensions
19
-
46
-
health
17
-
40
-
total
39
-
94
-
Corporate
1 036
1 250
-
-
income
228
275
-
-
total
228
275
-
-
Dividends
808
975
-
-
withholding
162
195
-
-
total
162
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
470
513
506
After tax
760
780
737
744
Living cost
115
115
115
115
Free-cash
645
665
622
629

Estimated living cost  is £115 per week

£68
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.
£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
Athens , Greece
£364
£394
£587
£558
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
-
-
-
1 250
income
-
-
-
293
health
-
-
-
84
unemployment
-
-
-
2
surtax
-
-
-
41
pensions
-
-
-
237
other
-
-
-
-
total
-
-
-
657
Employee
299
-
1 033
-
other
-
-
-
-
income
50
-
265
-
health
8
-
26
-
unemployment
21
-
72
-
surtax
1
-
37
-
pensions
20
-
69
-
total
100
-
469
-
Employer
299
-
1 033
-
unemployment
9
-
33
-
pensions
40
-
138
-
other
-
-
-
-
health
14
-
47
-
total
63
-
218
-
Corporate
888
1 250
-
-
income
231
325
-
-
total
231
325
-
-
Dividends
657
925
-
-
withholding
99
139
-
-
total
99
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
493
464
687
657
After tax
757
786
563
593
Living cost
199
199
199
199
Free-cash
558
587
364
394

Estimated living cost  is £199 per week

£120
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.
£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
Graz , Austria
£49
£355
£411
£405
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
-
-
-
1 250
income
-
-
-
282
chamber of commerce
-
-
-
5
health
-
-
-
79
unemployment
-
-
-
54
surtax
-
-
-
-
pensions
-
-
-
192
total
-
-
-
612
Employee
388
354
971
-
other
4
4
10
-
income
35
26
228
-
health
15
14
38
-
unemployment
12
11
29
-
pensions
40
36
99
-
total
106
91
404
-
Employer
388
354
971
-
unemployment
12
11
29
-
chamber of commerce
2
1
4
-
pensions
49
44
122
-
payroll
12
11
29
-
other