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

Dresden , Germany
£365
£462
£419
£552
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
trade
-
-
-
133
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.

-
-
-
354
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.

-
-
-
60
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
-
-
-
566
Employee

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

334
-
1 250
-
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.

60
-
60
-
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
-
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
-
354
-
total
70
-
433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
916
1 250
-
-
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
-
-
income
137
188
-
-
trade
144
197
-
-
chamber of commerce
3
3
-
-
total
292
398
-
-
Dividends
624
852
-
-
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
-
-
withholding
153
210
-
-
total
161
222
-
-
Income
1 250
1 250
1 250
1 250
Total tax
523
620
433
566
After tax
727
630
817
684
Living cost
265
265
265
265
Free-cash
462
365
552
419

Estimated living cost  is £265 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
£339
£332
£302
£311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
municipal
-
-
-
135
pensions
-
-
-
150
national
-
-
-
209
social contributions
-
-
-
13
total
-
-
-
507
Employee
684
-
1 081
-
municipal
84
-
140
-
pensions
27
-
43
-
national
131
-
217
-
total
242
-
400
-
Employer
684
-
1 081
-
social contributions
7
-
12
-
pensions
55
-
86
-
total
62
-
98
-
Corporate
459
1 250
-
-
income

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

92
250
-
-
total
92
250
-
-
Dividends
367
1 000
-
-
withholding
81
220
-
-
total
81
220
-
-
Income
1 250
1 250
1 250
1 250
Total tax
477
470
498
507
After tax
773
780
752
743
Living cost
441
441
441
441
Free-cash
332
339
311
302

Estimated living cost  is £441 per week

£300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£94
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
£818
£746
£213
£518
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
-
-
-
201
surtax
-
-
-
319
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.

-
-
-
335
total
-
-
-
855
Employee
255
-
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.

28
-
111
-
surtax
-
-
-
-
income
45
-
196
-
total
73
-
307
-
Employer
255
-
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
933
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%.

187
250
-
-
total
187
250
-
-
Dividends

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

746
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
322
250
550
855
After tax
928
1 000
700
395
Living cost
182
182
182
182
Free-cash
746
818
518
213

Estimated living cost  is £182 per week

£116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
£249
£195
£344
£384
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
-
-
-
330
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
540
Employee
747
747
1 088
-
health
115
97
108
-
income

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

122
122
128
-
pensions
134
102
102
-
total
371
321
338
-
Employer
747
747
1 088
-
unemployment
27
27
33
-
pensions
52
52
65
-
health
52
52
64
-
total
131
131
162
-
Corporate
382
373
-
-
income
76
75
-
-
total
76
75
-
-
Dividends
306
298
-
-
income
65
63
-
-
withholding
46
45
-
-
total
111
108
-
-
Income
1 250
1 250
1 250
1 250
Total tax
689
635
500
540
After tax
561
615
750
710
Living cost
366
366
366
366
Free-cash
195
249
384
344

Estimated living cost  is £366 per week

£260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
£344
£336
£319
£310
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
-
-
-
309
accident
-
-
-
1
pensions
-
-
-
80
other
-
-
-
86
unemployment
-
-
-
1
health
-
-
-
46
national
-
-
-
69
total
-
-
-
592
Employee
483
-
1 016
-
municipal
144
-
303
-
national
-
-
65
-
total
144
-
368
-
Employer
483
-
1 016
-
accident
1
-
1
-
other
56
-
86
-
unemployment
13
-
20
-
pensions
52
-
80
-
health
30
-
46
-
total
152
-
233
-
Corporate
615
1 250
-
-
income
135
275
-
-
total
135
275
-
-
Dividends
480
975
-
-
withholding
144
292
-
-
total
144
292
-
-
Income
1 250
1 250
1 250
1 250
Total tax
575
567
601
592
After tax
675
683
649
658
Living cost
339
339
339
339
Free-cash
336
344
310
319

Estimated living cost  is £339 per week

£225
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.
£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

Source of data for Stockholm model

Close
Hamburg , Germany
£281
£404
£335
£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

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

-
-
-
1 250
trade
-
-
-
139
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.

-
-
-
354
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.

-
-
-
60
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
-
-
-
572
Employee

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

443
-
1 250
-
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.

60
-
60
-
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
-
income

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

38
-
354
-
total
100
-
433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
807
1 250
-
-
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
-
-
income
121
188
-
-
trade
133
206
-
-
chamber of commerce
2
3
-
-
total
263
407
-
-
Dividends
544
843
-
-
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
208
-
-
total
140
219
-
-
Income
1 250
1 250
1 250
1 250
Total tax
503
626
433
572
After tax
747
624
817
678
Living cost
343
343
343
343
Free-cash
404
281
474
335

Estimated living cost  is £343 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
£629
£592
£585
£574
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
-
-
-
208
health
-
-
-
32
social contributions
-
-
-
141
total
-
-
-
381
Employee
672
672
1 153
-
social contributions
33
56
75
-
health
7
11
20
-
income
71
62
201
-
total
111
129
296
-
Employer
672
672
1 153
-
social contributions
33
56
75
-
health
7
12
21
-
total
40
68
96
-
Corporate
817
510
-
-
income
102
64
-
-
total
102
64
-
-
Dividends
715
446
-
-
withholding
121
76
-
-
total
121
76
-
-
Income
1 250
1 250
1 250
1 250
Total tax
374
337
392
381
After tax
876
913
858
869
Living cost
284
284
284
284
Free-cash
592
629
574
585

Estimated living cost  is £284 per week

£194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£545
£547
£707
£565
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
-
-
-
153
pensions
-
-
-
125
unemployment
-
-
-
19
health
-
-
-
87
total
-
-
-
384
Employee

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

The minimum wage is 138,000 HUF per month.

229
91
1 046
-
health
16
6
73
-
income
28
11
128
-
pensions
23
9
105
-
unemployment
3
1
16
-
total
70
27
322
-
Employer

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

The minimum wage is 138,000 HUF per month.

229
91
1 046
-
pensions
45
18
204
-
total
45
18
204
-
Corporate
976
1 141
-
-
income
88
103
-
-
total
88
103
-
-
Dividends
888
1 038
-
-
social contributions
172
201
-
-
withholding
169
197
-
-
total
341
398
-
-
Income
1 250
1 250
1 250
1 250
Total tax
544
546
526
384
After tax
706
704
724
866
Living cost
159
159
159
159
Free-cash
547
545
565
707

Estimated living cost  is £159 per week

£108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£789
£734
£458
£510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
168
pensions
-
-
-
250
health
-
-
-
163
total
-
-
-
581
Employee
248
-
934
-
income
28
-
180
-
pensions
5
-
19
-
unemployment
4
-
15
-
total
37
-
214
-
Employer
248
-
934
-
unemployment
2
-
7
-
pensions
50
-
187
-
health
32
-
121
-
total
84
-
315
-
Corporate
918
1 250
-
-
income
184
250
-
-
total
184
250
-
-
Dividends
735
1 000
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
305
250
529
581
After tax
945
1 000
721
669
Living cost
211
211
211
211
Free-cash
734
789
510
458

Estimated living cost  is £211 per week

£145
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.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£91
£72
£664
£476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
accident
-
-
-
2
income
-
-
-
334
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
394
Employee
302
-
1 108
-
health
35
-
127
-
income
41
-
246
-
pensions
34
-
67
-
total
110
-
440
-
Employer
302
-
1 108
-
accident
5
-
19
-
unemployment
7
-
27
-
pensions
49
-
96
-
total
61
-
142
-
Corporate
887
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.

798
1 125
-
-
total
798
1 125
-
-
Dividends
89
125
-
-
withholding
17
24
-
-
total
17
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
986
1 149
582
394
After tax
264
101
668
856
Living cost
192
192
192
192
Free-cash
72
-91
476
664

Estimated living cost  is £192 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.

Source of data for Gdansk model

Close
Batumi , Georgia
£1108
£1093
£1158
£921
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.

-
-
-
13
total
-
-
-
13
Employee
99
-
1 250
-
income
20
-
250
-
total
20
-
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%.

1 151
1 250
-
-
total
-
-
-
-
Dividends
1 151
1 250
-
-
withholding
58
63
-
-
total
58
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
78
63
250
13
After tax
1 172
1 187
1 000
1 237
Living cost
79
79
79
79
Free-cash
1 093
1 108
921
1 158

Estimated living cost  is £79 per week

£49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
£685
£627
£431
£482
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
-
-
-
172
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
health
-
-
-
55
total
-
-
-
586
Employee
317
-
998
-
health
4
-
14
-
income
55
-
189
-
pensions

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

22
-
70
-
unemployment
3
-
10
-
total
84
-
283
-
Employer
317
-
998
-
accident
3
-
8
-
other
16
-
50
-
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.

54
-
170
-
health
4
-
14
-
total
80
-
252
-
Corporate
853
1 250
-
-
income
179
263
-
-
total
179
263
-
-
Dividends
674
987
-
-
withholding
47
69
-
-
total
47
69
-
-
Income
1 250
1 250
1 250
1 250
Total tax
390
332
535
586
After tax
860
918
715
664
Living cost
233
233
233
233
Free-cash
627
685
482
431

Estimated living cost  is £233 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
£265
£231
£266
£151
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
826
-
1 095
-
health
14
-
17
-
income
149
-
250
-
pensions
80
-
92
-
total
243
-
359
-
Employer
826
-
1 095
-
pensions
98
-
135
-
health
16
-
21
-
total
114
-
156
-
Corporate
310
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.

59
238
-
-
total
59
238
-
-
Dividends
251
1 012
-
-
withholding
19
163
-
-
total
19
163
-
-
Income
1 250
1 250
1 250
1 250
Total tax
435
401
515
400
After tax
815
849
735
850
Living cost
584
584
584
584
Free-cash
231
265
151
266

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
£954
£913
£866
£912
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
269
Employee
152
-
1 190
-
health
7
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
15
-
119
-
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
152
-
1 190
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

17
-
34
-
health
10
-
21
-
total
30
-
60
-
Corporate
1 068
1 250
-
-
income
107
125
-
-
total
107
125
-
-
Dividends
962
1 125
-
-
withholding
48
56
-
-
total
48
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
222
181
223
269
After tax
1 028
1 069
1 027
981
Living cost
115
115
115
115
Free-cash
913
954
912
866

Estimated living cost  is £115 per week

£67
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
£130
£152
£225
£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
income
-
-
-
330
pensions
-
-
-
102
health
-
-
-
108
total
-
-
-
540
Employee
810
747
1 088
-
health
101
97
108
-
income

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

122
122
128
-
pensions
102
102
102
-
total
325
321
338
-
Employer
810
747
1 088
-
unemployment
29
27
33
-
pensions
56
52
65
-
health
56
52
64
-
total
141
131
162
-
Corporate
298
373
-
-
income
60
75
-
-
total
60
75
-
-
Dividends
238
298
-
-
income
51
63
-
-
withholding
36
45
-
-
total
87
108
-
-
Income
1 250
1 250
1 250
1 250
Total tax
613
635
500
540
After tax
637
615
750
710
Living cost
485
485
485
485
Free-cash
152
130
265
225

Estimated living cost  is £485 per week

£358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
£651
£576
£454
£425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
117
health
-
-
-
169
solidarity contribution
-
-
-
-
social contributions
-
-
-
301
total
-
-
-
587
Employee
307
-
933
-
social contributions
20
-
61
-
health
42
-
126
-
solidarity contribution
-
-
-
-
income
37
-
112
-
total
99
-
299
-
Employer
307
-
933
-
social contributions
77
-
233
-
health
28
-
84
-
total
105
-
317
-
Corporate
838
1 250
-
-
income
159
238
-
-
total
159
238
-
-
Dividends
679
1 012
-
-
withholding
102
152
-
-
total
102
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
465
390
616
587
After tax
785
860
634
663
Living cost
209
209
209
209
Free-cash
576
651
425
454

Estimated living cost  is £209 per week

£145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
£298
£252
£247
£186
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
-
-
-
7
regional
-
-
-
14
national
-
-
-
292
social contributions
-
-
-
321
total
-
-
-
634
Employee
777
-
1 250
-
social contributions
262
-
421
-
regional
7
-
13
-
municipal
4
-
7
-
national
135
-
254
-
total
408
-
695
-
Employer
777
-
1 250
-
total
-
-
-
-
Corporate
473
1 250
-
-
nationa
114
300
-
-
municipal
18
49
-
-
total
132
349
-
-
Dividends
341
901
-
-
withholding
89
234
-
-
total
89
234
-
-
Income
1 250
1 250
1 250
1 250
Total tax
629
583
695
634
After tax
621
667
555
616
Living cost
369
369
369
369
Free-cash
252
298
186
247

Estimated living cost  is £369 per week

£257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£593
£567
£400
£368
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
-
-
-
297
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
42
total
-
-
-
657
Employee
289
-
1 033
-
other
-
-
-
-
health
7
-
26
-
surtax
1
-
37
-
income
48
-
267
-
pensions
19
-
69
-
unemployment
20
-
72
-
total
95
-
471
-
Employer
289
-
1 033
-
other
-
-
-
-
unemployment
9
-
33
-
pensions
39
-
138
-
health
13
-
47
-
total
61
-
218
-
Corporate
900
1 250
-
-
income
234
325
-
-
total
234
325
-
-
Dividends
666
925
-
-
withholding
100
139
-
-
total
100
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
464
689
657
After tax
760
786
561
593
Living cost
193
193
193
193
Free-cash
567
593
368
400

Estimated living cost  is £193 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.
£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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
£450
£468
£451
£336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
327
pensions
-
-
-
73
total
-
-
-
400
Employee
554
-
1 095
-
health
8
-
17
-
income
100
-
250
-
pensions
47
-
92
-
total
155
-
359
-
Employer
554
-
1 095
-
pensions
60
-
135
-
health
11
-
21
-
total
71
-
156
-
Corporate
626
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.

119
238
-
-
total
119
238
-
-
Dividends
507
1 012
-
-
withholding
38
163
-
-
total
38
163
-
-
Income
1 250
1 250
1 250
1 250
Total tax
383
401
515
400
After tax
867
849
735
850
Living cost
399
399
399
399
Free-cash
468
450
336
451

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-£93
£191
£359
£298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
city
-
-
-
13
pensions
-
-
-
115
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
regional
-
-
-
55
health
-
-
-
3
national
-
-
-
15
total
-
-
-
226
Employee
778
-
1 119
-
city
8
-
12
-
regional
25
-
47
-
health
2
-
3
-
pensions
65
-
94
-
unemployment
-
-
-
-
national
4
-
12
-
total
104
-
168
-
Employer
778
-
1 119
-
other

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

16
-
22
-
unemployment
-
-
-
-
pensions
65
-
94
-
health
2
-
3
-
total
83
-
119
-
Corporate
381
1 250
-
-
regional
81
264
-
-
national
32
106
-
-
total
113
370
-
-
Dividends
268
879
-
-
withholding
94
308
-
-
total
94
308
-
-
Income
1 250
1 250
1 250
1 250
Total tax
394
678
287
226
After tax
856
572
963
1 024
Living cost
665
665
665
665
Free-cash
191
-93
298
359

Estimated living cost  is £665 per week

£432
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£60
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.
£165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
£219
£360
£272
£417
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
trade
-
-
-
145
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.

-
-
-
354
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.

-
-
-
60
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
-
-
-
578
Employee

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

525
-
1 250
-
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.

60
-
60
-
surtax

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

3
-
19
-
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.

62
-
354
-
total
125
-
433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
725
1 250
-
-
surtax

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

6
10
-
-
income
109
188
-
-
trade
124
214
-
-
chamber of commerce
2
3
-
-
total
241
415
-
-
Dividends
483
835
-
-
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
205
-
-
total
124
216
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
631
433
578
After tax
760
619
817
672
Living cost
400
400
400
400
Free-cash
360
219
417
272

Estimated living cost  is £400 per week

£292
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.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
£331
£383
£409
£421
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
-
-
-
172
pensions
-
-
-
251
other
-
-
-
39
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
542
Employee
374
-
985
-
social contributions
11
-
28
-
surtax
-
-
-
-
income
22
-
176
-
pensions
42
-
61
-
total
75
-
265
-
Employer
374
-
985
-
other
13
-
35
-
social contributions
1
-
3
-
unemployment
15
-
40
-
pensions
61
-
104
-
health
26
-
83
-
total
116
-
265
-
Corporate
759
1 250
-
-
surtax
-
-
-
-
income
213
350
-
-
total
213
350
-
-
Dividends
547
900
-
-
surtax
-
-
-
-
social contributions
94
155
-
-
withholding
70
115
-
-
total
164
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
568
620
530
542
After tax
682
630
720
708
Living cost
299
299
299
299
Free-cash
383
331
421
409

Estimated living cost  is £299 per week

£189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
£361
£408
£439
£451
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
-
-
-
172
pensions
-
-
-
251
other
-
-
-
39
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
542
Employee
334
-
985
-
social contributions
10
-
28
-
surtax
-
-
-
-
income
17
-
176
-
pensions
38
-
61
-
total
65
-
265
-
Employer
334
-
985
-
other
12
-
35
-
social contributions
1
-
3
-
unemployment
14
-
40
-
pensions
55
-
104
-
health
23
-
83
-
total
105
-
265
-
Corporate
812
1 250
-
-
surtax
-
-
-
-
income
227
350
-
-
total
227
350
-
-
Dividends
584
900
-
-
surtax
-
-
-
-
social contributions
101
155
-
-
withholding
75
115
-
-
total
176
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
573
620
530
542
After tax
677
630
720
708
Living cost
269
269
269
269
Free-cash
408
361
451
439

Estimated living cost  is £269 per week

£156
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£577
£582
£618
£601
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
-
-
-
87
social contributions
-
-
-
172
total
-
-
-
447
Employee
296
-
1 250
-
social contributions
41
-
172
-
health
21
-
87
-
income
49
-
205
-
total
111
-
464
-
Employer
296
-
1 250
-
total
-
-
-
-
Corporate
954
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%.

48
63
-
-
total
48
63
-
-
Dividends
906
1 187
-
-
health
63
83
-
-
social contributions
125
164
-
-
withholding
136
178
-
-
total
324
425
-
-
Income
1 250
1 250
1 250
1 250
Total tax
483
488
464
447
After tax
767
762
786
803
Living cost
185
185
185
185
Free-cash
582
577
601
618

Estimated living cost  is £185 per week

£124
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.
£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

Source of data for Vilnius model

Close
Vienna , Austria
£387
£372
£328
£21
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
chamber of commerce
-
-
-
5
income
-
-
-
286
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
2
total
-
-
-
614
Employee
437
348
969
-
other
4
3
10
-
health
17
13
38
-
income
50
26
229
-
pensions
45
36
99
-
unemployment
13
10
29
-
total
129
88
405
-
Employer
437
348
969
-
accident
6
5
13
-
other
21
17
46
-
chamber of commerce
2
1
4
-
unemployment
13
10
29
-
surtax
2
2
2
-
pensions
55
44
122
-
payroll
13
10
29
-
health
17
13
37
-
total
129
102
282
-
Corporate
686
800
936
-
income

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

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

171
200
234
-
total
171
200
234
-
Dividends
514
600
-
-
withholding
141
165
-
-
total
141
165
-
-
Income
1 250
1 250
1 250
1 250
Total tax
570
555
921
614
After tax
680
695
329
636
Living cost
308
308
308
308
Free-cash
372
387
21
328

Estimated living cost  is £308 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
£381
£250
£231
£136
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
-
-
-
441
communal

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

-
-
-
63
social contributions
-
-
-
196
total
-
-
-
700
Employee

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

625
-
968
-
communal

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

33
-
50
-
health

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

29
-
46
-
pensions

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

47
-
73
-
unemployment

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

5
-
8
-
national
192
-
335
-
total
306
-
512
-
Employer

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

625
-
968
-
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
-
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
-
surtax
71
-
110
-
pensions

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

55
-
86
-
health

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

38
-
60
-
total
181
-
283
-
Corporate
443
1 250
-
-
surtax
2
5
-
-
income
89
250
-
-
total
91
255
-
-
Dividends
352
995
-
-
withholding

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

103
295
-
-
total
103
295
-
-
Income
1 250
1 250
1 250
1 250
Total tax
681
550
795
700
After tax
569
700
455
550
Living cost
319
319
319
319
Free-cash
250
381
136
231

Estimated living cost  is £319 per week

£205
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.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
£520
£456
£389
£347
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
accident
-
-
-
7
income
-
-
-
302
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
545
Employee
435
-
992
-
other
-
-
1
-
income
92
-
277
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
119
-
329
-
Employer
435
-
992
-
accident
9
-
16
-
other
3
-
6
-
unemployment
24
-
45
-
pensions
103
-
191
-
total
139
-
258
-
Corporate
676
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.

101
188
-
-
total
101
188
-
-
Dividends
575
1 062
-
-
withholding
119
226
-
-
total
119
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
478
414
587
545
After tax
772
836
663
705
Living cost
316
316
316
316
Free-cash
456
520
347
389

Estimated living cost  is £316 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
£271
£176
£175
£226
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
accident
-
-
-
11
income
-
-
-
173
pensions
-
-
-
187
health
-
-
-
88
surtax
-
-
-
62
communal
-
-
-
79
total
-
-
-
600
Employee
662
-
1 117
-
health
29
-
50
-
surtax
41
-
68
-
income
64
-
209
-
pensions
53
-
89
-
total
187
-
416
-
Employer
662
-
1 117
-
accident
6
-
10
-
pensions
53
-
89
-
health
20
-
34
-
total
79
-
133
-
Corporate
509
1 250
-
-
surtax
5
13
-
-
communal
34
84
-
-
income
76
188
-
-
total
115
285
-
-
Dividends
393
965
-
-
income
159
74
-
-
withholding
59
145
-
-
total
218
219
-
-
Income
1 250
1 250
1 250
1 250
Total tax
599
504
549
600
After tax
651
746
701
650
Living cost
475
475
475
475
Free-cash
176
271
226
175

Estimated living cost  is £475 per week

£356
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.
£85
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
£590
£564
£397
£365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
297
pensions
-
-
-
233
other
-
-
-
-
unemployment
-
-
-
2
health
-
-
-
83
surtax
-
-
-
42
total
-
-
-
657
Employee
294
-
1 033
-
other
-
-
-
-
health
8
-
26
-
surtax
1
-
37
-
income
49
-
267
-
pensions
20
-
69
-
unemployment
20
-
72
-
total
98
-
471
-
Employer
294
-
1 033
-
other
-
-
-
-
unemployment
9
-
33
-
pensions
39
-
138
-
health
13
-
47
-
total
61
-
218
-
Corporate
894
1 250
-
-
income
232
325
-
-
total
232
325
-
-
Dividends
661
925
-
-
withholding
99
139
-
-
total
99
139
-
-
Income
1 250
1 250
1 250
1 250
Total tax
490
464
689
657
After tax
760
786
561
593
Living cost
196
196
196
196
Free-cash
564
590
365
397

Estimated living cost  is £196 per week

£119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
£422
£401
£376
£316
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
-
-
-
7
regional
-
-
-
19
national
-
-
-
292
social contributions
-
-
-
321
total
-
-
-
639
Employee
485
-
1 250
-
social contributions
164
-
421
-
regional
7
-
17
-
municipal
3
-
7
-
national
77
-
254
-
total
251
-
699
-
Employer
485
-
1 250
-
total
-
-
-
-
Corporate
765
1 250
-
-
nationa
184
300
-
-
municipal
38
62
-
-
total
222
362
-
-
Dividends
543
888
-
-
withholding
141
231
-
-
total
141
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
614
593
699
639
After tax
636
657
551
611
Living cost
235
235
235
235
Free-cash
401
422
316
376

Estimated living cost  is £235 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
£602
£511
£405
£376
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
-
-
-
117
health
-
-
-
169
solidarity contribution
-
-
-
-
social contributions
-
-
-
301
total
-
-
-
587
Employee
379
-
933
-
social contributions
25
-
61
-
health
51
-
126
-
solidarity contribution
-
-
-
-
income
45
-
112
-
total
121
-
299
-
Employer
379
-
933
-
social contributions
95
-
233
-
health
34
-
84
-
total
129
-
317
-
Corporate
742
1 250
-
-
income
141
238
-
-
total
141
238
-
-
Dividends
601
1 012
-
-
withholding
90
152
-
-
total
90
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
481
390
616
587
After tax
769
860
634
663
Living cost
258
258
258
258
Free-cash
511
602
376
405

Estimated living cost  is £258 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
£418
£414
£359
£52
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
chamber of commerce
-
-
-
5
income
-
-
-
286
pensions
-
-
-
189
unemployment
-
-
-
54
health
-
-
-
78
surtax
-
-
-
-
total
-
-
-
612
Employee
382
348
971
-
other
4
3
10
-
health
15
13
38
-
income
34
26
229
-
pensions
39
36
99
-
unemployment
11
10
29
-
total
103
88
405
-
Employer
382
348
971
-
accident
5
5
13
-
other
18
17
46
-
chamber of commerce
2
1
4
-
unemployment
11
10
29
-
surtax
-
-
-
-
pensions
48
44
122
-
payroll
11
10
29
-
health
14
13
37
-
total
109
100
280
-
Corporate
758
801
937
-
income

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

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

189
200
234
-
total
189
200
234
-
Dividends
568
601
-
-
withholding
156
165
-
-
total
156
165
-
-
Income
1 250
1 250
1 250
1 250
Total tax
557
553
919
612
After tax
693
697
331
638
Living cost
279
279
279
279
Free-cash
414
418
52
359

Estimated living cost  is £279 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
£1064
£1041
£1114
£877
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.

-
-
-
13
total
-
-
-
13
Employee
154
-
1 250
-
income
31
-
250
-
total
31
-
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%.

1 096
1 250
-
-
total
-
-
-
-
Dividends
1 096
1 250
-
-
withholding
55
63
-
-
total
55
63
-
-
Income
1 250
1 250
1 250
1 250
Total tax
86
63
250
13
After tax
1 164
1 187
1 000
1 237
Living cost
123
123
123
123
Free-cash
1 041
1 064
877
1 114

Estimated living cost  is £123 per week

£84
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
£626
£552
£391
£357
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
-
-
-
272
pensions
-
-
-
228
unemployment
-
-
-
2
health
-
-
-
123
total
-
-
-
625
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.

387
-
1 082
-
health
25
-
70
-
income
67
-
250
-
pensions
60
-
168
-
unemployment
1
-
2
-
total
153
-
490
-
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.

387
-
1 082
-
unemployment
-
-
1
-
pensions
34
-
96
-
health
26
-
72
-
total
60
-
169
-
Corporate
803
1 250
-
-
income
153
238
-
-
total
153
238
-
-
Dividends
651
1 012
-
-
withholding
98
152
-
-
total
98
152
-
-
Income
1 250
1 250
1 250
1 250
Total tax
464
390
659
625
After tax
786
860
591
625
Living cost
234
234
234
234
Free-cash
552
626
357
391

Estimated living cost  is £234 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
£381
-£61
£484
£756
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
544
-
-
-
social contributions
45
-
6
-
income
120
-
-
-
total
165
-
6
-
Employer
544
-
-
-
social contributions
767
-
109
-
total
767
-
109
-
Corporate
-
1 250
-
-
income
-
275
-
-
total
-
275
-
-
Dividends
-
975
-
-
income
-
215
-
-
total
-
215
-
-
Income
1 250
1 250
1 250
1 250
Total tax
932
490
115
387
After tax
318
760
1 135
863
Living cost
379
379
379
379
Free-cash
-61
381
756
484

Estimated living cost  is £379 per week

£246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
£437
£429
£406
£319
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
surtax
-
-
-
-
social contributions

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

-
-
-
434
total
-
-
-
570
Employee
402
-
1 010
-
social contributions
44
-
111
-
surtax
-
-
-
-
income
84
-
306
-
total
128
-
417
-
Employer
402
-
1 010
-
social contributions
95
-
240
-
total
95
-
240
-
Corporate
752
1 250
-
-
surtax
-
-
-
-
income
158
263
-
-
total
158
263
-
-
Dividends
594
987
-
-
withholding
166
276
-
-
total
166
276
-
-
Income
1 250
1 250
1 250
1 250
Total tax
547
539
657
570
After tax
703
711
593
680
Living cost
274
274
274
274
Free-cash
429
437
319
406

Estimated living cost  is £274 per week

£205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
£208
£267
£286
£298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
172
pensions
-
-
-
251
other
-
-
-
39
health
-
-
-
44
surtax
-
-
-
-
social contributions
-
-
-
36
total
-
-
-
542
Employee
548
-
985
-
social contributions
16
-
28
-
surtax
-
-
-
-
income
48
-
176
-
pensions
62
-
61
-
total
126
-
265
-
Employer
548
-
985
-
other
19
-
35
-
social contributions
2
-
3
-
unemployment
22
-
40
-
pensions
90
-
104
-
health
38
-
83
-
total
171
-
265
-
Corporate
531
1 250
-
-
surtax
-
-
-
-
income
149
350
-
-
total
149
350
-
-
Dividends
383
900
-
-
surtax
-
-
-
-
social contributions
66
155
-
-
withholding
49
115
-
-
total
115
270
-
-
Income
1 250
1 250
1 250
1 250
Total tax
561
620
530
542
After tax
689
630
720
708
Living cost
422
422
422
422
Free-cash
267
208
298
286

Estimated living cost  is £422 per week

£286
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.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£862
£832
£668
£701
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
-
-
-
44
social contributions
-
-
-
275
total
-
-
-
319
Employee
281
-
1 082
-
income
-
-
48
-
social contributions
18
-
70
-
total
18
-
118
-
Employer
281
-
1 082
-
social contributions
44
-
168
-
total
44
-
168
-
Corporate
925
1 250
-
-
income
93
125
-
-
total
93
125
-
-
Dividends
833
1 125
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
155
125
286
319
After tax
1 095
1 125
964
931
Living cost
263
263
263
263
Free-cash
832
862
701
668

Estimated living cost  is £263 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-£654
-£654
£333
-£654
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
-
-
-
252
pensions
-
-
-
8
national
-
-
-
137
labour market
-
-
-
99
total
-
-
-
496
Employee
1 777
1 777
1 777
-
labour market
142
142
142
-
national
217
217
217
-
municipal
378
378
378
-
pensions
3
3
3
-
total
740
740
740
-
Employer
1 777
1 777
1 777
-
labour market
142
142
142
-
municipal
379
379
379
-
pensions
5
5
5
-
national
217
217
217
-
total
743
743
743
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
1 250
1 250
1 250
1 250
Total tax
1 483
1 483
1 483
496
After tax
-233
-233
-233
754
Living cost
421
421
421
421
Free-cash
-654
-654
-654
333

Estimated living cost  is £421 per week

£288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£88
£73
£667
£479
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
accident
-
-
-
2
income
-
-
-
334
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
394
Employee
297
-
1 108
-
health
34
-
127
-
income
41
-
246
-
pensions
33
-
67
-
total
108
-
440
-
Employer
297
-
1 108
-
accident
5
-
19
-
unemployment
7
-
27
-
pensions
48
-
96
-
total
60
-
142
-
Corporate
892
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.

803
1 125
-
-
total
803
1 125
-
-
Dividends
89
125
-
-
withholding
17
24
-
-
total
17
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
988
1 149
582
394
After tax
262
101
668
856
Living cost
189
189
189
189
Free-cash
73
-88
479
667

Estimated living cost  is £189 per week

£138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
£465
£478
£509
£338
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
health
-
-
-
16
national
-
-
-
167
total
-
-
-
405
Employee
460
-
1 052
-
health
3
-
13
-
municipal
75
-
171
-
pensions
31
-
71
-
unemployment
7
-
16
-
national
8
-
107
-
total
124
-
378
-
Employer
460
-
1 052
-
accident
-
-
1
-
unemployment
3
-
7
-
pensions
80
-
182
-
health
4
-
8
-
total
87
-
198
-
Corporate
703
1 250
-
-
income
141
250
-
-
total
141
250
-
-
Dividends

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

422
750
-
-
national
8
64
-
-
municipal
76
135
-
-
total
84
199
-
-
Income
1 250
1 250
1 250
1 250
Total tax
436
449
576
405
After tax
814
801
674
845
Living cost
336
336
336
336
Free-cash
478
465
338
509

Estimated living cost  is £336 per week

£219
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.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
£711
£664
£667
£656
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
-
-
-
208
health
-
-
-
32
social contributions
-
-
-
141
total
-
-
-
381
Employee
672
672
1 153
-
social contributions
25
56
75
-
health
5
11
20
-
income
73
62
201
-
total
103
129
296
-
Employer
672
672
1 153
-
social contributions
25
56
75
-
health
6
12
21
-
total
31
68
96
-
Corporate
913
510
-
-
income
114
64
-
-
total
114
64
-
-
Dividends
799
446
-
-
withholding
136
76
-
-
total
136
76
-
-
Income
1 250
1 250
1 250
1 250
Total tax
384
337
392
381
After tax
866
913
858
869
Living cost
202
202
202
202
Free-cash
664
711
656
667

Estimated living cost  is £202 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£896
£851
£898
£723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
1 250
income
-
-
-
125
pensions
-
-
-
56
unemployment
-
-
-
-
health
-
-
-
32
total
-
-
-
213
Employee

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

201
-
1 165
-
health
17
-
71
-
income
14
-
103
-
pensions
30
-
124
-
unemployment
1
-
4
-
total
62
-
302
-
Employer

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

201
-
1 165
-
unemployment
1
-
4
-
pensions
11
-
46
-
health
9
-
36
-
total
21
-
86
-
Corporate
1 029
1 250
-
-
income
93
113
-
-
total
93
113
-
-
Dividends
936
1 137
-
-
withholding
84
102
-
-
total
84
102
-
-
Income
1 250
1 250
1 250
1 250
Total tax
260
215
388
213
After tax
990
1 035
862
1 037
Living cost
139
139
139
139
Free-cash
851
896
723
898

Estimated living cost  is £139 per week

£89
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
£596
£556
£465
£423
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
accident
-
-
-
7
income
-
-
-
302
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
545
Employee
323
-
992
-
other
-
-
1
-
income
62
-
277
-
pensions
15
-
38
-
unemployment
5
-
13
-
total
82
-
329
-
Employer
323
-
992
-
accident
6
-
16
-
other
3
-
6
-
unemployment
18
-
45
-
pensions
76
-
191
-
total
103
-
258
-
Corporate
824
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.

124
188
-
-
total
124
188
-
-
Dividends
700
1 062
-
-
withholding
145
226
-
-
total
145
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
454
414
587
545
After tax
796
836
663
705
Living cost
240
240
240
240
Free-cash
556
596
423
465

Estimated living cost  is £240 per week

£162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£756
£753
£775
£772
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
-
-
-
421
pensions
-
-
-
17
health
-
-
-
13
total
-
-
-
451
Employee
36
-
1 230
-
health
2
-
4
-
income
7
-
421
-
pensions
3
-
8
-
unemployment
-
-
1
-
total
12
-
434
-
Employer
36
-
1 230
-
unemployment
1
-
2
-
pensions
4
-
10
-
health
3
-
8
-
total
8
-
20
-
Corporate
1 205
1 250
-
-
income
265
275
-
-
total
265
275
-
-
Dividends
940
975
-
-
withholding
188
195
-
-
total
188
195
-
-
Income
1 250
1 250
1 250
1 250
Total tax
473
470
454
451
After tax
777
780
796
799
Living cost
24
24
24
24
Free-cash
753
756
772
775

Estimated living cost  is £24 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
£753
£709
£578
£579
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
pensions
-
-
-
168
unemployment
-
-
-
10
health
-
-
-
67
total
-
-
-
521
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.

228
-
1 134
-
health
12
-
33
-
income
31
-
276
-
pensions
32
-
90
-
unemployment
2
-
5
-
total
77
-
404
-
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.

228
-
1 134
-
unemployment
2
-
5
-
pensions
27
-
78
-
health
12
-
33
-
total
41
-
116
-
Corporate
981
1 250
-
-
income
147
187
-
-
total
147
187
-
-
Dividends
834
1 063
-
-
withholding
125
159
-
-
total
125
159
-
-
Income
1 250
1 250
1 250
1 250
Total tax
390
346
520
521
After tax
860
904
730
729
Living cost
151
151
151
151
Free-cash
709
753
579
578

Estimated living cost  is £151 per week

£102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
£475
£472
£444
£357
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
surtax
-
-
-
-
social contributions

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

-
-
-
434
total
-
-
-
570
Employee
339
-
1 010
-
social contributions
37
-
111
-
surtax
-
-
-
-
income
66
-
306
-
total
103
-
417
-
Employer
339
-
1 010
-
social contributions
81
-
240
-
total
81
-
240
-
Corporate
830
1 250
-
-
surtax
-
-
-
-
income
174
263
-
-
total
174
263
-
-
Dividends
656
987
-
-
withholding
184
276
-
-
total
184
276
-
-
Income
1 250
1 250
1 250
1 250
Total tax
542
539
657
570
After tax
708
711
593
680
Living cost
236
236
236
236
Free-cash
472
475
357
444

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

Source of data for Porto model

Close
Madrid , Spain
£529
£468
£398
£356
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
accident
-
-
-
7
income
-
-
-
302
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
545
Employee
422
-
992
-
other
-
-
1
-
income
88
-
277
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
329
-
Employer
422
-
992
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
693
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.

104
188
-
-
total
104
188
-
-
Dividends
589
1 062
-
-
withholding
122
226
-
-
total
122
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
475
414
587
545
After tax
775
836
663
705
Living cost
307
307
307
307
Free-cash
468
529
356
398

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£919
£866
£831
£877
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
pensions

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

-
-
-
45
unemployment
-
-
-
1
health
-
-
-
35
total
-
-
-
269
Employee
199
-
1 190
-
health
9
-
14
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
income
20
-
119
-
pensions

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

17
-
27
-
total
48
-
163
-
Employer
199
-
1 190
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
unemployment
1
-
2
-
pensions

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

22
-
34
-
health
14
-
21
-
total
39
-
60
-
Corporate
1 012
1 250
-
-
income
101
125
-
-
total
101
125
-
-
Dividends
911
1 125
-
-
withholding
46
56
-
-
total
46
56
-
-
Income
1 250
1 250
1 250
1 250
Total tax
234
181
223
269
After tax
1 016
1 069
1 027
981
Living cost
150
150
150
150
Free-cash
866
919
877
831

Estimated living cost  is £150 per week

£99
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
£307
£420
£359
£480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
trade
-
-
-
121
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.

-
-
-
354
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.

-
-
-
60
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
-
-
-
554
Employee

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

435
-
1 250
-
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.

60
-
60
-
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
-
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
-
354
-
total
98
-
433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
815
1 250
-
-
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
-
-
income
122
188
-
-
trade
117
179
-
-
chamber of commerce
3
3
-
-
total
249
380
-
-
Dividends
567
870
-
-
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
-
-
withholding
138
214
-
-
total
146
226
-
-
Income
1 250
1 250
1 250
1 250
Total tax
493
606
433
554
After tax
757
644
817
696
Living cost
338
338
338
338
Free-cash
420
307
480
359

Estimated living cost  is £338 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
£377
£396
£194
£194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
1 250
income
-
-
-
356
social contributions
-
-
-
202
total
-
-
-
558
Employee
684
-
1 250
-
income
129
-
356
-
social contributions
57
-
202
-
total
186
-
558
-
Employer
684
-
1 250
-
total
-
-
-
-
Corporate
566
1 250
-
-
income
71
156
-
-
total
71
156
-
-
Dividends
495
1 094
-
-
withholding
99
219
-
-
total
99
219
-
-
Income
1 250
1 250
1 250
1 250
Total tax
356
375
558
558
After tax
894
875
692
692
Living cost
498
498
498
498
Free-cash
396
377
194
194

Estimated living cost  is £498 per week

£379
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.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
£449
£480
£625
£590
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
-
-
-
249
health

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

-
-
-
59
total
-
-
-
308
Employee
401
-
1 210
-
income
44
-
263
-
social contributions
40
-
40
-
total
84
-
303
-
Employer
401
-
1 210
-
social contributions
40
-
40
-
total
40
-
40
-
Corporate
809
1 250
-
-
income
283
438
-
-
total
283
438
-
-
Dividends
526
812
-
-
social contributions
46
46
-
-
total
46
46
-
-
Income
1 250
1 250
1 250
1 250
Total tax
453
484
343
308
After tax
797
766
907
942
Living cost
317
317
317
317
Free-cash
480
449
590
625

Estimated living cost  is £317 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
£525
£563
£526
£411
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
-
health
6
-
17
-
income
81
-
250
-
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.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£107
£70
£648
£460
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
accident
-
-
-
2
income
-
-
-
334
pensions
-
-
-
36
other
-
-
-
3
health
-
-
-
19
total
-
-
-
394
Employee
327
-
1 108
-
health
37
-
127
-
income
45
-
246
-
pensions
37
-
67
-
total
119
-
440
-
Employer
327
-
1 108
-
accident
5
-
19
-
unemployment
8
-
27
-
pensions
53
-
96
-
total
66
-
142
-
Corporate
857
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.

771
1 125
-
-
total
771
1 125
-
-
Dividends
86
125
-
-
withholding
16
24
-
-
total
16
24
-
-
Income
1 250
1 250
1 250
1 250
Total tax
972
1 149
582
394
After tax
278
101
668
856
Living cost
208
208
208
208
Free-cash
70
-107
460
648

Estimated living cost  is £208 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
£933
£892
£586
£738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
1 250
work injury
-
-
-
6
health insurance
-
-
-
93
income
-
-
-
202
pensions
-
-
-
230
unemployment
-
-
-
15
total
-
-
-
546
Employee

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

189
-
1 250
-
work injury
1
-
3
-
income
19
-
202
-
pensions
35
-
129
-
health insurance
14
-
52
-
unemployment
2
-
8
-
total
71
-
394
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 061
1 250
-
-
income

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

11
13
-
-
total
11
13
-
-
Dividends
1 050
1 237
-
-
withholding
158
186
-
-
total
158
186
-
-
Income
1 250
1 250
1 250
1 250
Total tax
240
199
394
546
After tax
1 010
1 051
856
704
Living cost
118
118
118
118
Free-cash
892
933
738
586

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
£311
£272
£253
£196
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
-
-
-
292
social contributions
-
-
-
321
total
-
-
-
649
Employee
737
-
1 250
-
social contributions
248
-
421
-
regional
11
-
24
-
municipal
4
-
7
-
national
124
-
254
-
total
387
-
706
-
Employer
737
-
1 250
-
total
-
-
-
-
Corporate
513
1 250
-
-
nationa
123
300
-
-
municipal
25
60
-
-
total
148
360
-
-
Dividends
365
890
-
-
withholding
95
231
-
-
total
95
231
-
-
Income
1 250
1 250
1 250
1 250
Total tax
630
591
706
649
After tax
620
659
544
601
Living cost
348
348
348
348
Free-cash
272
311
196
253

Estimated living cost  is £348 per week

£245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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